Frost & Sullivan suggests potential changes in revamping DGFT
The Dollar Business BureauAmid India’s unimpressive exports growth for the last couple of years, consulting firm Frost & Sullivan has conducted an in-depth analysis and has come out with key suggestions to revamp the Directorate General of Foreign Trade (DGFT), an attached office under the Ministry of Commerce and Industry. The consulting firm has suggested greater autonomy for DGFT, a body currently functional under the Ministry of Commerce. So far, DGFT has served as a facilitator instead of enforcer, a factor proving a hindrance to the country’s exports-oriented initiatives. “We have conducted an in-depth analysis on the scope and nature of the functions and operational tasks undertaken by DGFT. In light of the key underlying policy objectives and regulatory concerns, we had ...
Suven Life gets two patents from Europe and Macau
With these new patents, Suven has a total of twenty granted patents from Europe and eight from Macau The Dollar Business Bureau The new patents are related to New Chemical Entities (NCEs) used in the treatment of disorders associated with neuro-degenerative diseases and are valid through 2030 and 2029. Indian pharma major Suven Life Sciences on Tuesday announced that it has received patents for its two products from Europe and Macau regions. The new patents are related to New Chemical Entities (NCEs) used in the treatment of disorders associated with neuro-degenerative diseases and are valid through 2030 and 2029. With these new patents, Suven has a total of twenty granted patents from Europe and eight from Macau, the company said in a statement. We are ...
FDI Equity Inflows register 48% growth after 'Make in India' initiative
Source: PIB, Government of India The growth in foreign direct investment (FDI) has been significant after the launch of Make in India initiatives in September 2014, with 48% increase in FDI equity inflows during October 2014 to April 2015 over the corresponding period last year. In 2014-15, country witnessed unprecedented growth of 717%, to $40.92 billion of investment by Foreign Institutional Investors (FIIs). The FDI inflow under the approval route saw a growth of 87% during 2014-15 with inflow of $2.22 billion despite more sectors having been liberalized during this period and with more than 90% of FDI being on automatic route. These indicators showcases remarkable pace of approval being accorded by the government and confidence of investors in ...