Apple optimistic of capturing the growing share of India's market
The Dollar Business Bureau Apple CEO Tim Cook has expressed resounding optimism for growth prospects of the underpenetrated brand in India – the world's third-largest smartphone market. "We’re very optimistic about our future in this remarkable country with its very large, young, and tech-savvy population, fast-growing economy, and improving 4G network infrastructure,” Cook said in the second quarter results earnings call yesterday. Talking about India's investment in 4G infrastructure, Tim also said that growing 4G network in the country was a positive indication for Apple to concentrate more of its efforts in establishing a local presence. “But they are moving fast. They’re moving at a speed that I have not seen in any other country in the world once they were started, and it is ...
Standards are vital but products should be affordable too: Sitharaman
The Dollar Business Bureau Commerce and Industry Minister Nirmala Sitharaman has said on Monday that India has to take lead in making available the quality products to the world at reasonable prices, while emphasising that while standards are important to signify quality they are also made to be affordable for producers to follow and consumers to purchase. “Prime Minister Narendra Modi’s idea of ‘Zero Effect Zero Defect’ aims at exactly this,” she said while inaugurating the 4th National Standards Conclave. She stated that any strategy at national level for standards should have to include technology for disseminating any change in requirements of import in foreign nations so that India’s exporters would be well-prepared to face those hurdles, while adding that the dissemination should ...
Kerala eyes 7.5% growth in foreign tourists in FY17
The Dollar Business Bureau Considering the surge in inbound tourism, Kerala is looking at a growth of 7.5% in tourist arrivals from international markets in the current financial year, with major focus on culture, adventure and Ayurveda. “In January-September 2016 period, the state received 7,38,515 foreign tourists and 9,24,125 domestic tourists, a growth of 5.61% and 6.01%, respectively, compared to the same period in 2015,” Kerala Tourism Department Tourist Information Officer Shine KS told PTI. The overall growth was 5.98% till September 2016, with 1.19 lakh tourists visiting the state termed as 'Gods Own Country', he added. Looking at the current trend, the state, overall in the FY 2016-17, is expecting 7.5% growth in the influx of international tourists, with an increase in 6.5% ...
Indias oilmeal exports jumps two-fold in July
The Dollar Business Bureau India’s oilmeal exports jumped two-fold to 87,944 tonnes in July in the wake of higher outbound shipment of castorseed meal to South Korea, said the industry body, Solvent Extractors Association of India (SEA) on Friday. On the other hand, exports of oilmeal during the April-July period of the current fiscal dropped 47 percent to 2,74,237 tonnes against the 5,17,914 tonnes in the same period a year earlier. In July 2015, India had exported 44,238 tonnes of oilmeal, which was utilised as animal feed. The Mumbai-based industry body, SEA, attributed a drop in the exports of oilmeal during the April-July quarter to lesser availability of oilseeds for crushing and also due to the constant disparity in shipping oilmeal to the foreign markets. According ...
