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The Dollar Business Bureau Moving of manufacturing bases to international markets by some domestic firms and lack of blockbuster drugs going off-patent are some of the reasons for decline in country’s pharma exports, C R Chaudhary, Minister of State for Commerce and Industry informed the Parliament on Wednesday.  The pharmaceutical exports dropped by 0.43% in terms of value and 6.95% in terms of volumes in financial year 2016-17, Chaudhary said in a written response to the Rajya Sabha.  The Minister said some of the reasons for decline in pharma exports include consolidation of buyers in the US into three large groups with significant bargaining power, absence of blockbuster drugs going off-patent and certain Indian companies shifting their manufacturing bases to the US, EU ...

The Dollar Business Bureau India Inc has raised $1.69 billion from foreign markets in the month of March this year, an increase of 11.6% compared to a year ago. Domestic companies had raised $1.52 billion via external commercial borrowings (ECB) in the month of March last year. An extra $1.65 billion was mopped up via rupee-denominated bonds (RDBs), a type of bond permitted by the Reserve Bank of India (RBI) in 2016 for firms to float such type of bonds in foreign markets to raise funds only. The data is incomparable to RDBs mop-up. The major borrowers that went through the RDB route were HDFC - raised $758.99 million for the purpose of on-lending, Sembcorp Gayatri Power – raised $523.80 million to refinance rupee loans and ...

She refused to disappear into obscurity after her early marriage and kids, and chose a road less-travelled only to carve a niche in the global shawl market. Her company Shingora today exports 90% of what it manufactures, and is a globally recognised name in the industry. Meet Mridula Jain, who with her single-minded devotion has weaved a success story for herself and her company. Shivani Kapoor | March 2016 Issue | The Dollar Business Mridula Jain, Vice-Chairman, Shingora Ltd. As someone who has always been a fashionable girl throughout her childhood, and one who loves wearing experimental clothing, becoming one of the biggest manufacturers and exporters of designer shawls in the country was a natural progression. And Mridula Jain is one such ...

The Dollar Business Bureau India’s largest jewellery manufacturer Rajesh Exports will ship gold and diamond studded ornament worth Rs.1,123 crore to Singapore by the end of this year. “Rajesh Exports Ltd (REL) has bagged an export order worth Rs.1,123 crore of designer range of gold and diamond studded jewellery and medallions from Singapore. The order is be completed by December 31, 2015,” the Bangalore-based firm said in a statement on Friday. The fresh order came nearly three weeks after the company had received an export order from a UAE-based firm to supply gold and diamond jewellery worth Rs.1,170 crore. The shipment to UAE has to be completed by October 31. According to REL, the demand for Indian jewellery has been “growing rapidly” ...

The Dollar Business Bureau The Union Minister of Micro, Small and Medium Enterprise, on Thursday, said that the government was implementing various schemes for the market development aimed at promoting exports of MSME products. Kalraj Mishra, the Minister of State, MSME, said his ministry is implementing various export promotion schemes which include International Cooperation Scheme (ICS), Marketing Development Assistance Scheme (MDAS), among others. Under the ICS, the financial assistance will be given to the enterprises, organizations, associated with MSMEs on a re-imbursement basis. Through this scheme, the ministry encourages deputation of domestic MSME business delegations to other countries for exploring new areas of MSMEs. The financial assistance under the scheme is also extended to MSMEs for participating in international exhibitions, ...