IG International imports first batch of organic apples from USA
The Dollar Business Bureau Committed to bringing a wide variety of fruits from across the globe to Indian consumers, IG International Pvt Ltd, India’s largest fresh fruit importers and distributors, introduced organic apples from Wenatchee, USA for the first time in India. The apples are imported by the company through its association with Stemilt Growers, Northwest’s largest grower-packer-shipper of organic apples, pears, and cherries. By adding Organic Apples to its assortment of exotic fruits, IG International aims to cater to the increasing health conscious consumer base inclined towards organic fruits and vegetables. Announcing the launch of organic apples in the market, Tarun Arora, Director, IG International said, “With the launch of organic apples, we further emphasise on importance of healthy eating and want to convey that ‘fruits are ...
Exports grow 8.32%, imports by 33% in May; trade deficit widens
The Dollar Business Bureau India’s exports grew by 8.32% to $24 billion in May, registering an upward growth in the last eight months. However, the trade deficit also surged to $13.84 billion a 30-month high, majorly on account of higher gold imports. The exports growth during the month is mainly propelled by strong performance from marine products (44.58%), rice (27.08%), petroleum products (24.92%), organic & inorganic chemicals (15.34%), electronic goods (8.57%), engineering goods (8.25%), RMG of all textiles (8.06%) and gems & jewellery (6%). In May 2016, the country’s exports were $22.1 billion, according to the Ministry of Commerce data. The cumulative value of exports for the period April-May 2017-18 was $48.6 billion witnessing a growth of 13.83% compared to $42.7 billion over the same ...
Godrej group on the lookout for acquisitions
PTI The Godrej group, with three companies in its fold, is looking for acquisitions in developing countries of Asia, Africa and South America. "We are giving a strong emphasis on inorganic growth. We are also looking to acquire businesses in the developing countries of Asia, Africa and South America," Chairman of Godrej group Adi Godrej said. He said the group had already acquired some businesses in the past few years, adding that organic growth had suppressed of late. Spelling out the group's vision of ten times growth in ten years, he said the acquisitions would be mainly in the personal and household care segments. "There is no budget fixed for acquisitions. We hope to fix the deals this financial year," Godrej told ...
India eases export restrictions on organic edible oil, rice bran oil
Himanshu Vatsa | The Dollar Business The government has removed quantitative cap on the export of organic edible oil and overseas shipment of rice bran oil in bulk, giving a major boost to small rice millers across the country. “Export of rice bran oil in bulk has been exempted from the prohibition on export of edible oils. Also, the quantity ceiling on export of organic edible oils has been removed,” the Directorate General of Foreign Trade (DGFT) said in a fresh notification. The move is expected to trigger a hike in the price of rice bran in the market and help small rice millers to get better bargain on the product. However, traders engaged in the agricultural product business do not ...
