India is a growing and stable market for Italy
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 ...
Indian pharma company gets nod to sell hepatitis B medicine in US
The Dollar Business Bureau United States drug regulator has granted its nod to India’s Aurobindo Pharma to manufacture and sell in the American market the generic drug meant for those infected with hepatitis B virus. Aurobindo Pharma Limited “has received the final approval from the US Food and Drug Administration (USFDA) to manufacture and market Entecavir Tablets, 0.5mg and 1mg,” the company said in a statement on Thursday. The Hyderabad-based firm had sought nod under the Abbreviated New Drug Application (ANDA) which is applicable for generic drugs that are similar to innovator’s medicine in terms of impact on patients. “The approved ANDA is bioequivalent and therapeutically equivalent to the reference listed drug product (RLD) Baraclude® Tablets, 0.5mg and 1mg, of Bristol-Myers ...
Export curbs help onion prices to fall below Rs.50/kg
Source: PTI Wholesale prices of onion on Tuesday fell below the Rs.50 per kg mark at the Lasalgaon in Maharashtra, Asia's biggest onion market, due to curbs on exports and fear of action against hoarding. Even at Azadpur mandi in Delhi, wholesale onion price declined by Rs.3-5 per kg to Rs.53 on Tuesday on increase in arrival of new crop from Karnataka and Andhra Pradesh. However, retail onion prices across the country continue to rule as high as Rs.80 per kg. At Lasalgaon, which sets the price trend across the country, the wholesale onion price declined to Rs.48.5 per kg on Tuesday from Rs.57 per kg last week, according to the data maintained by Nashik-based National Horticultural Research and Development Foundation (NHRDF). ...
Indias organic food export defies global slowdown
Deepak Kumar | The Dollar Business Defying the global slowdown in the commodity market, India’s organic food exports have been witnessing continuous growth for the past few years, thanks to increasing number of health conscious consumers across the world. In the financial year 2013-14, the country exported 135 such products weighing 1.94 lakh tonnes. The total annual export worth around $403 million was 7.73% up compared to the previous year’s shipment, according to the government data. India exports organic products mainly to the US, European Union, Australia, Middle East, Canada, and South Africa. “The US continues to be an ideal market for the organic food exports. Europe has restrictions on the organic food products from India. Other countries such as Canada ...
Govt expedites onion imports, raises MSP to $700/tonne
Source: PIB, Government of India Government of India has been keeping a close watch on the rise in prices of Onions. A decision has been taken by the government to import onions and a tender has also been floated for 10,000 MT of onions which will be opened on August 27, 2015. To increase the availability of onions in domestic market, it has been decided to raise Minimum Export Price of onions further to $700 per MT. MEP was last increased from $ 250 per MT to $425 per MT. on June 26, 2015. The prices of onions are being reviewed regularly. A meeting is again being held by Secretary (Consumer Affairs) on August, 24, 2015 with SFAC, NAFED, MMTC, Department ...
High spend, growing middle class make India attractive market for foreign firms
Source: PTI India's growing middle class makes it an attractive market for foreign companies and the country's consumer spending is likely to more than double to US$ 2.4 trillion by 2018-19, said an Economist Intelligence Unit (EIU) study. According to EIU, the growing middle class offers potential for manufacturers and retailers. Moreover, rising income levels mean India's huge population of around 1.2 billion is becoming an increasingly important market for consumer goods, and this trend is likely to continue, it said. “Private consumption expenditure will rise from US$ 1 trillion in 2013/14 to US$ 2.4 trillion in 2018/19," the EIU report said, adding that a majority though would continue to be preoccupied with meeting their basic daily needs rather than follow ...
Indian air cargo industry to grow at 5.5%, says study
The Dollar Business Bureau The total market opportunity in the Indian air cargo sector is expected touch 2.8 million tonnes by 2018, increasing at a compounded annual growth rate of 5.5%, a study said. In 2014, the market size was 2.26 million tonnes. Experts said that the industry will maintain the growth path for at least the next five years. According to analysts, one of the major reasons behind the growth of the air cargo industry has been the relaxation of the FDI (foreign direct investment) limit by the government. The present government is willing to attract foreign investment and that has proved to be a major boost for the industry. “Allowing 100% FDI in existing airports and under ...
