Search Result for : International Markets

The Dollar Business Bureau Riding on a robust demand for its frozen shrimp and frozen fish in international markets, India exported 11,34,948 MT of seafood worth an all time high of $5.78 billion (Rs 37, 870.90 crore) in 2016-17 as against 9,45,892 tons and $4.69 billion dollars a year earlier, with USA and South East Asia continuing to be the major importers while the demand from the European Union (EU) grew substantially during the period. Frozen shrimp maintained its position as the top item of export, accounting for 38.28 per cent in quantity and 64.50 per cent of the total earnings in dollar terms. Shrimp exports increased by 16.21 per cent in terms of quantity and 20.33 per cent in dollar terms. ...

The Dollar Business Bureau Gold imports of India dropped by around 13.5% to $27.4 billion in the last financial year, which is likely to keep a tap on the mounting current account deficit (CAD). In 2015-16, the country’s overall imports of the yellow metal stood at $31.7 billion. As per the industry experts, one of the reasons for the drop is softening prices of the precious metal in the domestic as well as international markets. The decline in imports has helped in narrowing down of the trade deficit to $105.7 billion in 2016-17 compared to $118.7 billion in the previous fiscal. However, on a monthly basis, the imports of gold surged to $4.17 billion in March compared to $974 million in the same month year-ago, ...

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 ...

Duty drawback rates in India are mostly associated with All Industry Rates (AIRs) based on SION. And while there is a provision for fixing Brand Rates, why do only a few exporters opt for it? Are Brand Rates suitable for only those exporters who engage in value additions and suffer from significant wastage during the production cycle? Is AIR actually more realistic in addition to being simple? And is the ‘claim process’ the very reason why Brand Rates isn’t a popular option for Indian exporters?Indranil das | January 2017 Issue | The Dollar BusinessIt’s a known fact that many governments across the globe, particularly those in highly protected economies, refund all taxes paid by an exporter – be it customs ...

Sheela Mamidenna ''Cashless India'' is a central idea to the Modi regime and nobody has been happier with this bumpy ride of demonetisation than the generation of young entrepreneurs whose business models revolve about e-commerce.   While we celebrate the prime minister's pet projects like 'Digital India'', the ground reality suggests that going cashless is not just about building infrastructure and convenience. It has a lot more to do with insecurities in the minds of people. An entire generation or more may pass by in the process of making this huge shift and mollifying security concerns. It is this huge mental block that new generation apps like Zebpay are up against. From the gold bullion to paper currency to bitcoins, change is inevitable. All it asks for is time. Sooner or later, ...

The Dollar Business Bureau   Notwithstanding the controversy over beef consumption in India, the country’s beef export is projected to grow at a compounded annual growth rate (CAGR) of 8% over the next five years. India’s beef exports would reach close to Rs.40,000 crore over the next five years, ICRA said in a report. “In the long term, ICRA expects buffalo meat exports to continue to report healthy growth, driven by improving infrastructure, a sizeable buffalo population the relatively lower price of Indian buffalo meat, and steady demand in the international market,” said Sabyasachi Majumdar, Senior VP, ICRA. Indian buffalo meat exports have surged at a CAGR of 29% to Rs 26,682 crore in 2015-16 from Rs.3,533 crore in 2007-08. The country’s beef exports have accounted ...

By Deepak Kumar Speaking to The Dollar Business, H S Bhatia shares his company’s success story and its long-term business expansion plans in domestic and international markets. TDB: Can you tell us about your current business? H S Bhatia (HSB): We run two portals, www.bizpluss.in and www.surpluss.in. They serve different needs of the industry and generate about 90% of our revenue. We buy surplus products from manufacturers, exporters and brands from Dubai, China and the US, and sell them on our platforms. One is a B2B portal, where small resellers and dealers buy products for their shops, and the other is a B2C, where customers can directly buy from us and we deliver the products at their doorsteps, like any other normal ...

What started as an effort to help craftsmen in villages around Jaipur and revive the art of blue pottery, led to a thriving company specialising in this craft, and one that earns 50% of its revenues from buyers overseas. Shivani Kapoor | March 2016 Issue | The Dollar Business Leela Bordia, Founder, Neerja International Vibrant, loving, down-to-earth and a die-hard craft lover – that is what Leela Bordia is all about. Founder of Neerja International, a well acclaimed leader and the largest manufacturer and exporter of blue pottery, Leela has used her vision and entrepreneurial zeal all through these years to stimulate growth and take Neerja International to where it finds itself today. Talk to her and you would notice her love ...