Search Result for : Latin America

The Dollar Business Bureau In order to explore opportunities for bilateral trade and investment in the Latin American (Latam) and Caribbean regions, Commerce and Industry Minister Suresh Prabhu visited Cuba from October 28 to 31. “The Minister for Commerce and Industry Suresh Prabhu visited Cuba from October 28 to 31 to explore opportunities to tap the huge untapped potential, for not only bilateral trade but also investment in the Latin American and Caribbean regions,” the Commerce Ministry said in a statement on Wednesday. “It has been the strategy to pursue new markets to expand India's trade footprint and targets to double trade with the Latam and Caricom region in the next 4 to 5 years,” it said. India’s bilateral trade with the Caribbean region ...

Aamir H Kaki & Ahmad Shariq Khan Chile is open to support the candidature for India membership to Asia-Pacific Economic Cooperation (APEC), said former President of Chile Eduardo Frei Montalva on Wednesday. “However, all the resolutions for the entry of a new country is to be decided by all the members of the forum,” he told The Dollar Business on the sidelines of a seminar on Chile-India Expanded Agreement: Opportunities for Bilateral, Economic, Trade and Investment Relations, in New Delhi. On the question of how the Trade Agreement between the two countries helped in enhancing trade, the Former President said, “First of all, I would like to express that the Trade Agreement that India and Chile was established in 2007, and then expanded ...

The Dollar Business Bureau Backed by growing customer demand and introduction of new products, Honda Motorcycle & Scooter India Pvt Ltd, the wholly-owned subsidiary of Japanese Honda Motor Company, recorded a growth of 20% in its overall sales, including domestic and exports, in July. The company recorded its ever highest exports in a single month at 32,569 units and witnessed a growth of 34%. Adding 3%, Honda’s market share in exports zoomed to an all-time high of 15%. “Growing at a fast pace, Honda 2Wheelers India total sales grew at 20% to 544,508 units in July 2017 as compared to 453,884 units in July last year, the company said in a statement. Honda2Wheelers is the only manufacturer to gain 2% market share to 28.8%, making the company highest market share gainer in July. Interestingly, ...

The Dollar Business Bureau  India and Latin America organised a business networking seminar on Thursday in Mumbai in order to boost trade and investment between the two regions.  The International Conclave on India-Latin America & Caribbean Partnership: Opportunities to Promote Trade and Investment was jointly organised by the Group of Latin America and Caribbean countries (GRULAC) in India, the All India Association of Industries (AIAI) and World Trade Centre Mumbai.  The conclave, which was organised for the first time in the commercial hub of Mumbai, was attended by nearly 40 Heads of Missions, overseas experts, investment and trade promotion agencies from LAC, and senior government officials from India and LAC.  Trade between India and LAC is expected to reach $100 billion from the current $46 ...

The Dollar Business Bureau   During her visit to Argentina, Germany’s Chancellor Angela Merkel said on Thursday, that the two countries have agreed to promote multilateral trade and to protect the environment from climate change. The German Chancellor is on a visit to Latin American countries ahead of the G-20 summit, to be held in July in Germany. Merkel has criticised the protectionist stance taken by the US and called the decision of President Donald Trump of withdrawing from the Paris climate accord ‘extremely regrettable.’ In a press conference with Argentina’s President Mauricio Macri, she said that both countries want to be a part of the ‘interconnected world’ and are dedicated to protecting the Paris accord. “No one alone in this world — no individual and no ...

Sheela Mamidenna The new revolution unleashed by the combination of healthcare and technology is one that India is in dire need of. While India’s public healthcare expenditure is abysmal compared to China, whose population India is expected to surpass in the next 20 years, the country simply doesn’t have the professional or infrastructural capacity to deal with the growing incidence of cardiac problems in its population. There has been a visible change in the Indian healthcare sector with renewed thrust from the government and a change in the needs of the people leading to an increase in healthcare services and products. But given the size and population of the country, the renewed thrust needs to be meted out with speed and action ...

The Dollar Business Bureau The U.S. economy grew at an annual rate of just 1.9% in the last three months of 2016, slowing down considerably from 3.5% growth in the third quarter of last year, and dragged down by a significant increase in the country’s trade deficit. The Commerce Department said Friday the 2016 gross domestic product (GDP) growth overturned in the last quarter to register its weakest performance in five years. Overall, US economy grew 1.6% in 2016, worst since 2011 and down from 2.6% in 2015. For the fourth quarter, exports, which were earlier temporarily strengthened by a surge in sales of soybeans to Latin America, came down. Meanwhile, imports escalated to 8.3%, the biggest gain in the last two years. Inflation rose to a ...

The Dollar Business Bureau Indian two-wheeler maker Hero MotoCorp has launched its operations in Argentina, which became the company’s 35th global market, by opening the brand's first dealership in Buenos Aires and also unveiling the first global product outside India. The Indian two-wheeler manufacturer launched the new generation of its popular 125 cc motorcycle Glamour, which will be badged Ignitor for the Latin American markets such as Colombia, Peru and Argentina. The company expects a considerable amount of sales from South America with the market becoming the focus area for the largest Indian two-wheeler manufacturer. It should be noted that only 10% of the overall sales of the manufacturer will come from outside India in the short-run.  There are a total of four products that have been launched ...