Search Result for : Ftapcci

Sharath Chowdary  A delegation from Belgium is exploring trade opportunities in the state of Telangana. The European country is keen to invest in several areas including smart cities, waste management and engineering goods. Information technology, financial technology, telecom and health care are some of the main sectors where there are lot of possibilities for Indian business firms in Belgium, Brussels Area Manager-Inward Investment Verbiest Laurent told The Dollar Business Bureau. Laurent was speaking to the press after participating in a seminar, 'Brussels: Gateway of Investments to Europe' organised by the Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI) in association with Ministry of Brussels Capital Region and SAS Partners Corporate Advisors, in Hyderabad on Wednesday. According to reports released by ...

Sharath Chowdary  The Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry has applied to NITI (National Institution for Transforming India) Aayog to establish start-up incubation centres in Andhra Pradesh and Telangana.  Among the 15 verticals suggested by the Niti Aayog, FTAPCCI has chosen the areas of agriculture and allied activities for AP, and manufacturing and engineering for Telangana. The incubation facility in Telangana will be set up in Hyderabad, while the facility in AP may be started either in Vijayawada or Visakhapatnam, the industry body President Ravindra Modi told The Dollar Business Bureau.  “The incubation centres will be set up based on the conditions and guidelines framed by the Niti Aayog. The facility should have a minimum 10,000 sq ft area ...

Sharath Chowdary With the increase in internet usage, online payment systems and rapid development in the telecom sector, the e-commerce business is flourishing globally. India is also witnessing a positive trend with favourable investment climate, incubators and start-ups. But, unfortunately the Small and medium-sized enterprises (SMEs) in the country are not participating actively in this growth story. “The retail showrooms are following the marketing style of online shopping portals and sending message alerts to the customers about their offers. The brick-and-mortar stores are facing pressure from the e-commerce firms. Slowly, the heat will come to SMEs also. Instead of viewing it as a threat, see it as an opportunity. This e-commerce platform provides a gateway to new avenues,” Telangana ITEC Secretary Jayesh Ranjan said. Jayesh Ranjan ...

The Dollar Business Bureau Central Board of Excise and Customs (CBEC) in association with Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI) organised an awareness programme on proposed Goods and Services Tax (GST) Law in Hyderabad on Monday. CBEC Special Secretary and Member Ram Tirath, senior officers of CBEC, Commercial Tax Department, and FTAPCCI members have shared their knowledge and clarified certain apprehensions of the trade and industry stake holders about the upcoming GST Law through this programme. Trading community in agri crops and commodities in Telangana and Andhra Pradesh operate through the system of commission agency. The agri commodities are currently taxed under the VAT law only upon sale. But, under Sec 3(2A) of the Model GST Law the transaction ...

Sharath Chowdary With the changing dynamics  and increased volatility of exchange rates across the globe, currency prices fluctuate all the time and they are open to risk in the foreign exchange market just like any other financial market. While importing or exporting goods to other countries, the value of foreign currency may change and this may result in huge losses to companies.  Hedging is the best way to minimise the risk for trading companies and individual investors participating in the forex markets, Pratap Chandiramani, Head - Corporate Business (Currency Derivatives), Bombay Stock Exchange (BSE) told The Dollar Business. He was participating in a seminar on ‘Managing Currency and Commodity Risk’ organised by Karvy Stock Broking and Federation of Telangana and Andhra Pradesh Chambers ...

Sharath Chowdary Federation of Telangana and AndhraPradesh Chambers of Commerce and Industry (FTAPCCI) is going to be headed by a new President this month. The term of the present President Anil Reddy Vennam ends on 15 June, 2016. On the same day, there will be an annual general meeting and the current Senior Vice President Ravindra Modi will be appointed as the President. With more than 3,300 members, the apex industry chamber of the state will organise elections for the post of Vice President and other executive posts of the industry body this month end, Anil Reddy told The Dollar Business on the side lines of the announcement of FTAPCCI Excellence Annual Awards programme for the year 2014-15 in Hyderabad on Friday.  The ...

Sai Nikesh | The Dollar Business Vijay Kumar, Director, Ministry of Commerce and Industry, GoI, Vivek Choudhary, Assistant Director, MoC, S B S Reddy, Regional Joint DGFT-Hyderabad, Anil Reddy Vennam, President, FTAPCCI, among others, at the 'Industry Consultation on RCEP' seminar in Hyderabad on Friday.   Given China’s dominance in the world of foreign trade, especially exports, India signing a Free Trade Agreement (FTA) with China or involving China, seems a measured idea from a distance. But, closer observation proves that this elixir of a relationship, guaranteed to induce prosperity for India, is nothing but a sour “poison pill”. It is a well-known fact that the Indian industry has been facing various challenges with Government of India allowing cheaper Chinese products ...

Sai Nikesh | The Dollar Business Governor ESL Narasimhan lightening the lamp at the 2nd edition of Indo-Global Pharma Expo & Summit 2015 in Hyderabad on Thursday.   An international-focused pharmaceutical event, namely Indo-Global Pharma Expo & Summit 2015, was conducted in the Pharma capital of India, Hyderabad, on Thursday. The second edition of the summit jointly organized by the Pharmaceuticals Export Promotion Council (Pharmexcil) of India, Federation of Telangana Andhra Pradesh Chamber of Commerce and Industry (FTAPCCI), other key industry partners, witnessed a participation of various industry experts from across the globe. Experts from healthcare sector, academicians, policy makers, research analysts, among others, took an active participation in the first day of the summit that is being held between July 23-26, ...