Search Result for : Rd

Around 20 % of the sales of Hero MotoCorp accounts to exports. The company is a major two wheeler manufacturer in India. However, itbeganexporting two years agoand is planning to prioritize Latin America, Africa and theCentral American regions The Dollar Business Bureau After splitting from Honda, Hero is planning to reach out to Latin America, Africa and Central America   Hero MotoCorp will start selling its two wheeler in Nigeria from March, said the Chairman and the Managing Director of the company, Pawan Munjal. He was presenting the company's Rs.850 crore coherent Research and Development facility at Kukas, located 25 kms from Jaipur. Around 20% of the sales of Hero MotoCorp accounts to exports. The company is a major two wheeler manufacturer in India. ...

The Dollar Business Bureau    The national Intellectual Property Rights (IPR) policy is in the offing and release of this policywill give India much-needed push in its economic growth and socio-economic developmental agenda,Union Minister Ram Vilas Paswan has said. The Minister for Consumer Affairs, Food and Public Distribution was speaking at the International Conference on Illicit Trade – Threat to National Security and Economy, organised by Federation of Indian Chamber of Commerce and Industries Committee Against Smuggling & Counterfeiting Activities Destroying Economy ((FICCI CASCADE). Paswan said that the country’s views on IPR and enforcement laws domestically are increasingly important to its international trading partners and to prospective business investors. “Given the key role of technology, invention and innovation in India’s current ...

The Dollar Business Bureau    Indian pharmaceutical sector can get doubled in the next four years to touch Rs.4 lakh crore on the back of key policy initiatives of the government, Union Chemicals and Fertilizers Minister Ananth Kumar has said. Stating that the sector is growing at the rate of 14% per annum and has to show additional 1-2% growth every year to reach $55 billion target by 2020, the Minister spoke on various initiatives being taken up by the government for overall development of the pharma and other related industry. To boost indigenous manufacturing, he announced that the government will set up six pharma parks and two medical device parks “very soon” at an investment of about Rs.30,000 crore. The Minister ...

Union Minister of Chemicals and Fertilizers Ananth Kumar announced the setting up of the first medical device industry park in Gujarat The Dollar Business Bureau The Union Minister for Chemicals and Fertilizers Ananth Kumar at the India Medical Expo-2016 in Bengaluru on Thursday.   The India Pharma Expo being held in Bangalore is aimed at increasing overall growth of the pharmaceutical sector including exports and focuses on increasing domestic production. The three-day international exhibition and conference also strives to encourage Make in India for manufacturing drugs and pharma machines and also provides a platform to global investment community to connect with stakeholders. Speaking at inaugural session of the conference, Minister of Chemicals and Fertilizers Ananth Kumar said that the government is working on removing bottlenecks ...

The Dollar Business Bureau    Mismatch between the regulatory mechanism within the country and international markets creates deadlock for Indian pharmaceutical exports, a study has said. Indian pharmaceutical industry, which made rapid strides in the global markets, has been facing regulatory hurdles especially in the US and EU markets, said a study conducted by the Associated Chamber of Commerce and Industry (ASSOCHAM) and RNCOS. “India has a meager number of 1,500 well equipped inspectors for more than 10,000 factories engaged in pharmaceutical products leading to the country's products facing regulatory hurdles in the overseas markets, which follow stringent protocols for the manufacturing processes,” it said. The study titled ‘Focus on Quality Management in Pharmaceutical Manufacturing’ said that the existing mismatch between ...

The Dollar Business Bureau Cipla EU, the UK arm of the Mumba-based Cipla Ltd., has entered into definitive agreements to acquire two US-based firms— InvaGen Pharmaceuticals Inc and Exelan Pharmaceuticals Inc. The deal which is subject to certain closing conditions is valued at $550 million. This acquisition, which is being seen as the second landmark acquisition in Cipla’s history, will give the company scale in the US generics market through a wide range of product portfolio in CNS, CVS, anti-infectives, diabetes as well as other value added generic drugs, , the company said in a statement on Friday. While acquisition of InvaGen, a skilled R&D organization, offers a large capacity manufacturing base in Hauppauge, New York, Exelan provides Cipla with an access ...

Sai Nikesh | The Dollar Business Foreign Direct Investments (FDI) in various sectors saw a negative trend in the first two months of the current fiscal year. In services sector, the inflow has declined 15% to $488 million during the first two months of the current fiscal, as compared to the figure of the same period of last year. “FDI in services sector has dipped, but it should not be a major cause of concern as overall FDI inflows in April-May 2015 period has touched $7.5bn, which is roughly 30% more than what we received last year during the same period,” Sanjay Budhia, Co-Chairman, CII National committee on International Trade Policy& Exports, told The Dollar Business. He said that the definition of ...

The Dollar Business Bureau India’s agricultural exports are expected to cross $300 billion mark by 2023 with the implementation of stable policy, strict rules and awareness about safety standards, a study has said. Factors like policy stabilization, institutional support, awareness about safety norms, implementation of strict regulations and infrastructure development will make the country a major player in global agricultural market, said the latest study conducted by ASSOCHAM. Assessing the agriculture sector’s annual growth rate at 21% in the past one decade, the industry body said that the exports of agro products including tea and coffee have grown from around $5 billion in 2003 to over $39 billion in 2013. However, the country’s agricultural trade is currently challenged by inefficient economics ...