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The Dollar Business Bureau In a recent telephonic conversation with the Canadian Prime Minister and Mexican President, Trump agreed to renegotiate NAFTA instead of scrapping the trilateral trade deal. On his twitter account, he stated, “I received calls from the President of Mexico and the Prime Minister of Canada asking to renegotiate NAFTA rather than terminate. I agreed – subject to the fact that if we do not reach a fair deal for all, we will then terminate NAFTA. Relationships are good-deal very possible!” Many on either side of the border are breathing a sigh of relief as Trump softens his stance on termination of the deal which is more than two decades old. However, Trump continues to stress that the deal was ...

The Dollar Business Bureau Vietnam’s cuttlefish and octopus exports are slated to grow by 4% to reach $470 million in 2017, the Vit Nam Association of Seafood Producers and Exporters (VASEP) said. According to Trng ình Hòe, general secretary, VASEP , Vietnam’s cuttlefish and octopus exports in 2016 stood at $440 million, registering an annual  growth of 3%. The outbound shipments of frozen cuttlefish contributed 34%, while exports of octopus contributed 32% of the country’s total exports. The remaining 34% shares were made up by processed and dried products. Last year, South Korea, Japan and the European Union (EU) remained the largest import markets for Vietnam’s cuttlefish and octopus exports. There was a significant rebound in the overall demand in Japan and other major markets. ...

Deepak Kumar Exporters have put forward their 2017 Union Budget recommendations, awaiting key announcements that could revive the country’s exports and boost economic sentiment across various exporting industries. Indian exports have witnessed a marginal revival in the last few months, after a prolonged period of decline month after month. The continuous fall in India’s outbound shipments have raised many questions on the export potentials of the domestic industry as well as the government’s ineffective policies. On November 8, Prime Minister Narendra Modi announced the demonetisation scheme, banning 500 and 1000 rupee notes from circulation. The domestic industry, as well as exports, felt its negative impact, which, according to the industry analysts, should be one of the key points to be addressed in the Budget on February 1. While the government has reiterated that it will make multifarious efforts to bolster India’s exports, the industry, as ...

Sreenivasa Rao Dasari Reeling under turbulent pressure, goat and sheep meat abattoirs-cum-processing units in Telangana look to government support as low margins are evaporating their export potential. The sheep meat exporters are urging the state government to extend subsidy on feed to lower sheep prices in addition to offering turnover-based incentives. Meat exports from Telangana are declining by the day owing to higher production costs when compared to other states such as Karnataka.  Several abattoirs and meat processing units in Telangana are suffering from under capacity utilization owing to the supply shortage. Similarly, the goat and sheep meat export performance has also turned sluggish as poor price disparity make the local processing units uncompetitive in the global market, observes Mohammad Hasan, Managing Partner ...

The Dollar Business Bureau Japanese conglomerate Toshiba Corporation is in discussion to sell a minority stake in its well-performing flash memory division to the US maker Western Digital Corporation in a bid to raise funds, according to a source. Earlier, in a statement, Toshiba said that it had been looking for several options for its flash memory business, even a spin-off, but nothing firm had been decided. The laptops-to-engineering multinational, still coping with an accounting scandal of $1.3 billion, surprised its investors last month by declaring cost overruns at the US nuclear business it acquired in 2015, which could at present mean a charge against profit reaching $4 billion. The Tokyo-based company does not have any options on hand to mitigate the impact of ...

Throughout her career, Vanitha has seen ups and downs, but has learnt to pick the positive lessons from the journey, which is why she has experienced success as the Executive Director & CFO of India’s first Analytical Instrumentation company. Sai Nikesh | March 2016 Issue | The Dollar Business Vanitha Datla, Executive Director & CFO, Elico Ltd. Having overcome hurdles and hard times, Vanitha Datla now stands tall as the Executive Director and CFO of the 50-year-old ELICO Ltd., a pioneer in the Analytical Instruments industry and an industry leader in India in terms of technology, market share and products. According to her, the last 20 odd years of her career have been a rollercoaster ride. "I have witnessed many ups and downs, ...

From sensing an opportunity in the global market to thriving well amidst competition, for many years now, she has been running a successful jewellery business with exports from Japan to Pakistan, EU to USA. And understandably, she wants to conquer newer markets in days to come. Deepak Kumar | March 2016 Issue | The Dollar Business  Neeta Boochra, Director, Indo Gem Exporters Neeta Boochra, Director of Indo Gem Exporters, a manufacturer & exporter of gemstones and jewellery with a marketing network around the globe and offices in Italy and Hong Kong, is someone who has been working relentlessly towards empowering women and helping them develop an independent attitude to succeed in today’s hyperconnected world. We met this remarkable woman at her home ...

Championing special initiatives for over seven years, she had directed the company's – which her father started in 1983 – diversification into several new domains, all of which have been largely responsible for Apollo's emergence as one of Asia's leading integrated healthcare organisations. Ahmad Shariq Khan | March 2016 Issue | The Dollar Business Shobana Kamineni, Executive Vice-Chairperson, Apollo Hospitals Enterprise “Every single day, he revitalises us towards our quest for a healthier India,” says Shobhana, for whom the hospital was the fruition of her father’s vision of bringing world-class healthcare to India, and his mission to ensure that Indians won’t be denied access to quality healthcare just because they could not afford to travel overseas. “The first Apollo Hospital in Chennai took a ...