FTA between UK and India will be easier to accomplish once UK exits EU, Sujit Nair
By Sheela Mamidenna UK and India share an age-old history of common interests and values and with India’s rapid rise to fame as the ‘fastest growing large economy’ in the world, the relations between the two countries could ‘reboot’ as Theresa May had expressed during her visit to India in November last year. UK is India’s 5th largest trading partner and a great place for Indian businesses and will remain so post-Brexit for many reasons. However, trade bodies like FICCI voiced a negative sentiment saying that trade between India and UK is likely to suffer due to the Brexit vote and a decline in sterling. There are over 800 Indian businesses operating in the UK and serving as a gateway to Europe. Experienced ...
Tata Motors to set up innovation centres globally
The Dollar Business Bureau Betting big on its emerging mobility solutions, Tata Motors on Sunday indicated it is planning to set up several innovation centres across the globe to be "future ready" while also enhancing its formal presence across the world, as the company looks to be among the top three passenger vehicle manufacturer in India by 2019. The Indian automobile giant has already established its first innovation centre in proximity to the Silicon Valley in the US. The company has already taken on a slew of initiatives, including filling the gaps in product portfolios, bettering manufacturing processes and brand image, and tripling sales network, to emerge as one of the leading players in the passenger vehicle segment. "Tata Motors has embarked on a transformation journey ...
India wary of EU seizing Indian drugs
The Dollar Business Bureau As the new European Union trademark law has been passed without considering any of the suggestions India has made, now the country is weighing its options in case the EU seizes its pharmaceutical exports to the third world countries. According to a source from Commerce Ministry, the country will not hesitate to knock the doors of World Trade Organization. It is pursuing the issue bilaterally as it does not want any uncertainty. He also said that the EU is ready to discuss the matter with India to have a broader dialogue on Intellectual Property Rights. As per the stringent enforcement provisions of new trademark legislation, customs officials can seize international consignments destined to third countries if they have brand ...
EU initiates anti-dumping investigation on pipes, manganese imports from India
The Dollar Business Bureau The European Commission has initiated several actions against imports of several items from India including silico-managenese, and tubes and pipes of ductile cast iron following complaints from the domestic industry in the EU. The Commission said that it has received a complaint in November 2014 by Comité de Liaison des Industries de Ferro-Alliages on behalf of three Union producers which together account for over 25% of the total production of silico- manganese (including ferro-silico-manganese) in EU. The companies in EU said that imports of silico-manganese from India are being dumped and are thereby causing material injury to the Union industry. The Commission has initiated another anti-dumping proceeding on imports of tubes and pipes of ductile cast ...
Why SAARC is growing in importance for India
Sisir Pradhan | @TheDollarBiz After a gap of three years, the SAARC summit will be held in Kathmandu, the capital of Nepal. The two-day summit will start tomorrow and leaders of all eight member countries of the South Asian Association for Regional Cooperation (SAARC) are expected to take part to improve ties, regional integration and chart a way for future cooperation. India’s Prime Minister Narendra Modi, before leaving for Kathmandu today, said that the summit will focus on the theme of deeper regional integration for peace and prosperity. His government is emphasising on growth and investment in India’s manufacturing sector. In this regard, the new government also understands that the “Make in India” campaign also needs newer markets and expansion of ...
