Indias exporters could face challenges with continued appreciation of the rupee, Ajay Sahai
The Dollar Business The industry body FIEO forecast challenges for the exporters if the rupee continued appreciating in the future. Global trade is expected to grow at 2.4% in 2017, and there is likelihood of extreme instability in currencies. Though the rupee has gained against the dollar, and since competing currencies of other countries could depreciate further, rupee’s appreciation could hurt India’s competitiveness in its labour intensive business units especially sectors such as agro-products industries, handloom, leather, textiles and marine products. The government should support these sectors based on their forex returns so that those companies handling large imports, which will be benefitted with the appreciation are provided less support than those having little or no support. Speaking at a press meet ...
Government should promote vendorisation amongst small & large industries
Jayarama Emani | The Dollar Business World over, micro, small and medium enterprises (MSMEs) are exporting, but as an exporting nation we rank very low as our exports are legible, said Dr. Tamal Sarkar, Director, Foundation for MSME Clusters. Speaking exclusively to The Dollar Business, during a recently held event on ‘Make in India’ by The Federation of Telangana & Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI), Sarkar said, “If not international exports, I will rather look at MSMEs export internally to larger industries. We must promote vendorisation in India, so that MSMEs absorb technologies the way large enterprises do it by collaborating with multi-national companies.” In his presentation, ‘MSMEs and Global Competitiveness - A cluster based approach,’ ...
India-Lanka discuss FTAs, investments for enhanced trade
Sai Nikesh | The Dollar Business India and Sri Lanka on Thursday, discussed various economic issues towards addressing trade imbalance and enhancement of economic cooperation between the two countries. In a Commerce Secretary level interaction that was held as a third round of discussion, followed by the one in June 2013 in Colombo and the other in January 2014, both the sides discussed key issues like India-Sri Lanka Free Trade Agreement (FTA), non-tariff barriers, upgrading of economic engagement including investments and services, among others related to bilateral trade. Both the sides also agreed upon the expansion of bilateral trade by utilizing the optimal opportunities and resources available with the two economies. The Indian side reiterated its commitment saying the ...
