EU may soon allow vegetable imports from India
The Dollar Business Bureau After the European Union lifted the ban on Indian mango last year, it has indicated that it may also allow imports of bitter gourd, brinjal, colocasia and snake gourd from the country. However, these exports consignments will undergo strict checks and supervision to ensure they are peat-free. The Indian government has taken a wide gamut of measures, such as registering farmers to make them traceable and implementing standard operating procedures for pack houses to ensure the shipped products meet the international standards. The European Union (EU) has, however, said it will lift a complete ban on these vegetables only after assessing their quality. The EU had banned imports of Indian mango a few years ago, over quality issue. The EU ...
Britain may try hard to woo Indian investors: RBI official
The Dollar Business Bureau With Britons choosing to ‘Leave’ European Union, expectation is that the country may attract Indian firms for investments with major incentives in tax breaks and relaxed regulations, said an RBI official. The impact of Brexit is greater on India and China as they are the key exporters to UK and EU, said, U Chiranjeevi, General Manager In-charge RBI, Kochi. Chiranjeevi was speaking during the seminar on 'Importance of Financial Documents in Foreign Trade' India and China might have to reenter bilateral investment protection pacts with UK separately. Even as UK accounts for 15% of India’s total trade in merchandise sector, its share has been declining. Britain may try hard to woo Indian firms for investments by providing incentives like tax breaks, ease of ...
India's engineering exports to France up 30.27% in October
The Dollar Business Bureau Shipments of the automobile segments cloaked the maximum growth, up 62.34% to $8.59 million in October 2015 from $5.29 million in October 2014. India’s engineering exports to France grew by 30.27% in October even though the sector’s overall shipments fell by 11.62% during the same period, an EEPC study has said. Last month, India’s engineering exports to France went up to $91.54 million from $70.27 a year ago. Despite a negative trend in India’s exports of engineering goods during September, August and July, shipments to France remained positive at about 6% to $622.24 million during April-October 2014-15 from last year’s $587.34 million. “Data from France for October was very positive. However, with the unfortunate and condemnable terror attacks, ...
