Search Result for : Global Markets

The Dollar Business Bureau The trade policy of India on agriculture has a pro-customer prejudice which indirectly taxes farmers by putting export curbs on different crops, according to a study. The domestic prices of major agricultural items were below that of export prices in most of the years during the period 2004-2014, a joint study by The World Bank and Indian Council for Research on International Economic Relations (ICRIER) on Tuesday revealed. Policy makers have used preventive trade policies to maintain the domestic prices low in most of the years, the study found after an analysis of domestic prices deviation from global prices. The study on ‘Price Distortions in Indian Agriculture’, analysed global and domestic prices of 15 agri commodities for a 10-year period between ...

The Dollar Business Bureau  French automobile manufacturer Renault expects that the company’s sales in India to rise by 8% in 2017, with the country becoming its eighth largest market globally driven by the successful entry-level small segment car model Kwid.  Groupe Renault, which witness a record worldwide sales of 31,82,625 units surging by 13.3% in 2016, recorded a sales growth of 145.6% in India.  “In India, Renault kept its position as best-selling European automotive brand, with sales up by 145.6%. Kwid registrations totalled 1,05,745. India rose five places to become the groups eighth-biggest market worldwide,” Renault said in a statement.  The company’s sales globally were growing for the fourth year in a row, it added.  “In the Africa/ India/Middle-East market, Renault’s registrations increased by 36.4%, providing ...

PTI Rising prices of petrol and diesel fuelled WPI inflation to 3.39% in December 2016, reversing the declining trend and neutralising the impact of softening prices of vegetables.Also, hardening prices of manufactured items during the month may refrain RBI from cutting rates in its policy review on February 8.The wholesale price index-based inflation, reflecting the annual rate of price rise, in November stood at 3.15%.In December 2015, the print was (-)1.06%.WPI inflation in vegetables, at (-)33.11% in December, saw deflationary pressure for the fourth consecutive month. This was helped by a substantial price fall in onions, which stood at (-)37.20%.While the prices of diesel shot up by 20.25%, petrol became dearer by 8.52%. The overall inflation index of fuel and power segment registered ...

The Dollar Business Bureau  In a bid to increase the percentage of manufacturing output to 25 per cent of GDP by 2025 from 16 per cent, the government is in the process of chalking out a National Policy for Advanced Manufacturing. The policy is expected to enhance India’s global manufacturing competitiveness while also being mindful of the "threat to jobs" due to adoption of smart manufacturing. According to DIPP Secretary Ramesh Abhishek, the government is keeping in mind both concerns and opportunities while framing the required policies.  Therefore, the industry needs to be tailored in a way that considers these on-the-job threats and gets ready for an easy transition. This will make the people skilled enough and give them the opportunity to relocate ...

PTI Himachal would import high quality temperate rootstocks and fruit plants under the Rs 1,169-crore state 'Horticulture Development Project' being funded by the World Bank.The decision in this regard was taken at a meeting held under the chairmanship of Principal Secretary Horticulture J C Sharma here today.The meeting decided that identified and high yielding root stocks would be raised in the fruit nurseries of the Horticulture Department to increase the fruit production to make the state competitive in global markets, Sharma said.With a view to boosting horticulture sector in the state, the special emphasis would be on extensive plantation and a sum of Rs 350 crore would be spent on irrigation facilities, the official informed.The sector would be developed in a ...

Sharath Chowdary  Indian restaurant chain Barbeque Nation is planning to expand its stores globally. It is going to begin with a store in Dubai and soon plans to open restaurants in few Gulf Cooperation Council (GCC) and South Asian Association for Regional Co-operation (SAARC) countries, Barbeque Nation Hospitality Ltd CEO Sameer Bhasin told The Dollar Business Bureau.  Sameer said, “After a successful journey in Indian cities over the last ten years, the company is all set to popularise its casual dining-out brand worldwide. There is a lot of demand for Indian food in GCC and SAARC countries. The Non-Resident Indians (NRIs) who live in these regions appreciate our cuisines. We would like to introduce our brand in global markets.”  Speaking about the restaurant brand, he ...

Sharath Chowdary  Chinese electronics manufacturer Oppo has plans to become the top smartphone brand in India over the next three years. The company is providing the best service and better smartphone models to the customers to increase its market share in the country, said Jone, CEO and MD of Oppo Telangana. He said this on the sidelines of the sale promotion event of Oppo F1s in Hyderabad on Thursday. Jone was speaking in Mandarin while his interpreter Dustin translated it into English for The Dollar Business Bureau correspondent. According to him, Oppo is the second largest electronic brand being imported from China with more than 2.3 million handsets shipped to India in the last year. Oppo is the second leading smartphone manufacturer in ...

Sharath Chowdary  Sweden based proximity aware solution provider TerraNet Lund is targeting India to market its offline tethering app — Meshmedia. This proximal connectivity app will be officially launched in January 2017. Recently, the company completed a survey on the product and is now planning to deploy Meshmedia in the country, TerraNet India Managing Director Y R Rao told the Dollar Business Bureau.  As per the survey done by market research firm YouGov, there is a huge response in India for both premium and free version of Meshmedia. Meshmedia enables sharing of content freely to unlimited number of users without any internet connection. This unique feature has garnered tremendous interest in the market, to download or buy the app. “Around 2 billion people use ...