Search Result for : Phd Chamber Of Commerce And Industry

The Dollar Business Bureau India’s trade with African nations is expected to reach $117 billion by 2020-21 in the wake of improved economic relations and strong business opportunities, as per a report. From $24 billion in 2015-16, India’s exports to the African countries are likely to touch $70 billion by 2021-22, on account of rising complementaries, said industry body PHD Chamber of Commerce and Industry (PHDCCI) in a report. Imports from the African continent are also likely to rise to $47 billion in the next five years from $27 billion in 2015-16, the report said. PHD Chamber President Gopal Jiwarajka said, “India has been able to intensify its presence in African countries through a significant line a credit worth $10 billion for development projects in Africa over a five-year period.” “With continuous expansion in trade, widening ...

The Dollar Business Bureau With stepping up capital expenditure, proposing a better synergy among railways, roads, waterways and civil aviation, and putting a sharp focus on rural infrastructure development and with many more announcements in the Union Budget 2017, the government has reiterated its commitment to economic growth and development. These moves have been welcomed by business and trade associations. “The government has provided a balanced and growth-oriented budget. The tax benefits to small taxpayers, MSMEs and Infra status to affordable housing are encouraging and would pave the way for a higher growth trajectory in the coming times,” says Gopal Jiwarajka, President, PHD Chamber of Commerce and Industry. Another key takeaway from this year’s budget is the government’s renewed focus on agriculture. The ...

Negotiations for the bilateral free trade agreement will not only foster the development of India as a manufacturing hub and lead to the expansion of infrastructure of India, but also benefit other nations through more imports from them, says Dr. S. P. Sharma, Chief Economist & Director-Research, PHD Chamber of Commerce and Industry, in an exclusive interview with The Dollar Business. Interview by Sisir Pradhan | The Dollar Business The Dollar Business (TDB): Do you think India anyway close to a position where its foreign trade and economy can gain from FTAs? S.P. Sharma (SPS): There are important trade complementarities and promising areas of bilateral cooperation between India and other countries of the world. Keeping in mind that India has always wanted ...

 The Dollar Business Bureau More than 60% of exporters among 133 exporters from small, medium and large enterprises have reported a slowdown in their exports because of a dull business environment in the domestic and foreign markets. Not only the volumes, but also the momentum of exports has been lost, reported the exporters. They said that due to both internal external factors their exports have fallen and their order books have seen a decline by 20% for the coming times. In a survey conducted by the PHD Research Bureau of PHD Chamber of Commerce and Industry, exporters said that they are facing severe slowdown in order books because of weakening competitiveness in foreign markets and challenging business environment ...

Sachin Manawaria | The Dollar Business To promote Prime Minister Narendra Modi’s “Make in India” initiative across the globe, the government has asked the PHD Chamber of Commerce and Industry to host exhibitions across the globe under its Market Access Initiatives (MAI) Scheme in the coming fiscal year 2015-16. The exhibitions initially will be hosted in countries such as Russia, Sri Lanka, Bangladesh, China, Nepal, Pakistan, and Malaysia. The Department of Commerce has asked the PHD Chamber to set up the “Make in India” pavilion and lead a national level participation from India in these exhibitions. The Chamber has also been asked to promote B2B meetings between the right stakeholders. Alok B. Shriram, President, PHD Chamber of Commerce, said that the ...

Sachin Manawaria | @TheDollarBiz   Most of the perishable food produce in India is transported through non-reefer mode   India’s exports of fruits and vegetables have grown in the last three years due to surging demand in Pakistan, Kuwait, Bangladesh, and Sri Lanka. Overall, India’s exports of fruits and vegetables increased to around $1.4 billion in FY2013-14, which is up about 36% from the previous year, according to the Agricultural and Processed Food Products Export Development Authority (APEDA). However, exports could get a significant boost with improvement in storage and transport facilities, say experts. India annually suffers around Rs.550 billion as wastage of fruits and vegetables due to inadequate cold storage, supply chain infrastructure and lack of food processing in agri-sector, according ...