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Sheela Mamidenna  With the Central government announcing curbs on cattle slaughter on May 26, the leather exports industry seems to be bracing itself for a rapid downward spiral. Though there seems to be a lot of misinterpretation on the latest notification, till the Government comes up with a plausible explanation, the Indian leather industry and its buyers are left frazzled.  According to media reports, major international fashion houses have started enquiring from their suppliers whether they would be able to meet their commitments.  Meanwhile, the Commerce and Industries Ministry has suggested a proposal to the Finance Ministry asking for a Rs 4,000-crore package, which includes both tax and non-tax benefits similar to the one announced for the textiles sector last year. According to officials ...

The Dollar Business Bureau  India and Italy on Friday conducted talks to find ways to boost trade and economic relations by enabling discussions and enhancing collaboration on a range of issues of joint interest. The issues related to trade were discussed during the 19th session of India-Italy Joint Commission for Economic Cooperation (JCEC), which was held in Rome on May 11-12. The joint commission was co-chaired by India’s Minister of Commerce and Industry Nirmala Sitharaman and Carlo Calenda, Italian Minister of Economic Development. “Both sides reiterated the importance of JCEC towards the development of bilateral economic and trade relations through facilitating dialogue and enhancing cooperation on a wide range of issues of mutual interest,” the Ministry of Commerce said in a statement.  Despite global slowdown, the bilateral trade ...

The Dollar Business Bureau The euro fell to a 20-month low against the dollar, with the Italian PM Matteo Renzi’s resignation. Renzi stuck to his promise to resign if he fails in the referendum on constitutional reform. Renzi’s decision to quit just after 2 and a half year in power, dealt a severe blow to the EU as Italy is the third largest economy in the euro zone trying to keep it afloat. Markets reacted as instability in Italy could reignite a financial crisis that could be fatal to Italy’s ‘sinking’ banking sector. Early elections are a definite for Italy and chances are that an anti-euro party, possibly the rapidly gaining popularity, 5-Star Movement, could come to power. 5-Star campaigned hard for a ...

The Dollar Business  Escorts Ltd, India’s leading tractor manufacturer, announced the launch of new range of FT 6080 Pro and FT 6090 Pro Farmtrac tractors in 80 & 90 HP category simultaneously in Italy and Mexico at EIMA, International Exposition of Machinery for Agriculture and Gardening, Bologna, and at Expo Agroalimentaria Guanajuato, Irapuato, respectively. Aligned to Farmtrac pedigree of classic, simple and efficient farm machines, these new Escorts tractors are a technology marvel with value for money for farmers worldwide.  The Farmtrac tractors conform to stringent European norms in every aspect with the new CRDi engine and transmission designs, most advanced in their category. Custom manufactured for world farmers, Farmtrac FT 6080 Pro & FT 6090 Pro tractors are cost efficient high-end machines ...

The Dollar Business Bureau Global wine production this year is slated to decline to its lowest level in two decades due to various climatic events such as El Nino. According to The International Organisation of Vine and Wine (OIV), global wine production is projected to fall by 5% because of climatic events, resulting in sharp decline in production in most of the southern hemisphere, particularly Chile and Argentina. In 2016, the wine output is estimated to reach 259.5 million hectoliters (mhl), which is one of the lowest production years in the past two decades. While the amount of wine produced should meet the demand of the consumers, the figures are a reminder how global warming and natural climate variability are having a profound effect on wine, ...

The Dollar Business Bureau Bayer India’s Crop Science Division has developed a unique agri product Luna Experience that promises to give grape growers better yield that would lead to increased sales.  A company spokesperson of Bayer India said Luna Experience will help grape growers increase the saleability of their produce as it would have an extended grape health benefits.  Luna Experience has already been in use in several countries such as USA, Chile, South Africa and Italy where grape growers have experienced commercial success. In India the product is being introduced with claims on powdery mildew and anthracnose for grapes and has been tested by the National Research Center for Grapes (NRCG). Speaking to the media, Peter Mueller, Bayer Crop Science Division Head ...

The Dollar Business Bureau Nippon Paint India has partnered with Italy-based IVM Chemicals to promote its wood coating products that are based on Japanese technology. As part of this tie-up, IVM Chemicals’ brands such as Milesi, Ilva and Croma Lacke will be marketed by Nippon in Indian wood coatings market. Wee Siew Kim, CEO of the NIPSEA Group and Promoter of Nippon Paint India said that Wood Art by Nippon Paint is a wood coating solution that is both art and science. With this partnership, IVM and Nippon aspire to transform the wood coating industry in India with their unique offerings. Roberto Ravano, IVM’s CEO for Asia said that the company has plans to develop brands that will enhance customer experience, and educate ...

 The Dollar Business Bureau India is a great and stable market for Italy. Italian Trade Commissioner Francesco Pensabene expects increased growth in the Indo -Italian trade and wants to promote Italian companies to invest more in India. Francesco Pensabene promoted the Italian market while announcing a two-year campaign, “Italy: The Extraordinary Commonplace” here in India. The event was to promote Europe’s country’s best food, fashion and design. He said, Italy is not only famous for pizza and sunshine but is also a well-known country in terms of investments. Italy is the second largest manufacturer in Europe after Germany”. Voicing his views on the Indian market Francesco Pensabene, stated “Italy believes the Indian market is stable and the Indian growth rate is impressive and as ...