Centre to promote exports of micro pharma enterprises
Sai Nikesh | The Dollar Business In a move to boost pharmaceutical industry, the Government of India is working towards the promotion of exports, especially by the micro and small enterprises of the pharma sector. This was informed by the Union Commerce Minister, Nirmala Sitharaman on Wednesday. The Union Minister informed that the Central Drugs Standard Control Organization (CDSCO) was unaware of the fact that majority of small pharma manufacturers are working for bigger pharmaceutical units which export the same under their brand name. In this regard, the government has taken various measures to promote exports by small and medium pharmaceutical manufacturers, which includes financial assistance through Pharmaceuticals Export Promotion Council of India (Pharmexcil), she added. Under the Market Development Assistance ...
Huge potential to grow Indian auto component exports to China: ACMA
Bidhu Bhushan Palo | The Dollar Business China accounts for over 20% of India's auto components imports compared to just 3% of India's auto components exports Rising wages in China and ongoing improvements in design and value addition by Indian auto component manufacturers present an opportunity to boost exports to China, according to the Automotive Component Manufacturers Association of India (ACMA), the apex body of the Auto Component Industry in India. In a study, “Export Opportunities for Made-in-India auto components for China”, ACMA says that there are export opportunities for Indian auto component manufacturers estimated at $20 billion for auto components to select OEMs in China. The study focussed on understanding the buying behaviour and the market dynamics of ...
Making exports a Priority Sector will strengthen economy, says FIEO President
The Dollar Business Bureau | @TheDollarBiz M. Rafeeque Ahmed, President, Federation of Indian Export Organisations (FIEO), says that while the Reserve Bank of India’s decision to reduce the statutory liquidity ratio (SLR) of commercial banks by 50 basis points will provide the necessary liquidity, making exports a priority sector could improve India’s overall economy. M. Rafeeque Ahmed, President, FIEO Priority sectors are those sectors which may not get timely and adequate credit in the absence of this special dispensation, says RBI. At present, priority sectors include farmers, micro and small enterprises, poor people for housing, students for education and other low income groups and weaker sections for loans. Export credit is also under the PSL list, as per RBI’s February 2014 ...
