Industry not too enthused with TEE status
Jayarama Emani | The Dollar Business The coastal towns of Visakhapatnam and Bhimavaram in Andhra Pradesh, being recognised as Towns of Export Excellence (TEE) in the new Foreign Trade Policy, which was released on Wednesday, has got mixed response from the industry. Stakeholders feel while the announcement is encouraging, the government must expedite infrastructure development in both the towns if it is really interested in export promotion from the region. Speaking to The Dollar Business, Bhaskara Rao Potluri, Executive Director, Andhra Chambers of Commerce & Industry Federation, said, “With the Andhra Pradesh government setting a target of Rs.60,000 crore (cumulative) worth of marine exports by 2020, it is no surprise that the Centre is looking at Bhimavaram as a ...
Latin America and Japan are the future markets for pharma exports: Pharmexcil
Jayarama Emani | The Dollar Business “India’s pharmaceutical exports will cross Rs 1 lakh crore by the end of the financial year 2014-15,” said Dr. P V Appaji, Director General, Pharmexcil. Speaking to The Dollar Business, Appaji said that exports for the current fiscal will register a growth by 8 to 10% in dollar terms and about 12 to 13 % in Rupee terms. Stating that the industry is likely to register a decent growth in exports for the next fiscal, Appaji said that India’s current exports to US stood at 30% which is likely to grow to 35% in the next 12 months. “Exports to Latin America also will increase from the current value of 7% as Indian ...
Pharma issues left unaddressed in the Union Budget: Expert
Sai Nikesh | The Dollar Business In view of the Union Budget and India witnessing significant tax reforms in bringing in a single comprehensive tax on goods and services, The Pharma Export Promotion Council on Monday, organised a post-budget interactive session in association with the Ernst & Young (E&Y) as the knowledge partner in Hyderabad. The meeting discussed critical issues that would help the Pharmaceutical Industry plan for the changes that are likely to evolve in the aftermath of Budget 2015-16 as also bring together the industry's point of view on the implications stemming from the budget. Speaking to The Dollar Business P V Appaji, Director General, Pharmexcil, said, “There is a need for investments aimed at quality improvement ...
