Sri Lanka and Singapore FTA to finalise this year
The Dollar Business Bureau In order to further strengthen bilateral trade and investment between the two countries, Sri Lanka and Singapore are to formalise the Free Trade Agreement (FTA) later this year, said Sri Lankan Foreign Minister Ravi Karunanayake on Tuesday. The Sri Lankan Minister said that during a meeting with his Singaporean counterpart Dr Vivian Balakrishnan, who is on a visit to the island nation, particular emphasis was given on finding ways and means to further bolster bilateral trade and investment between the two nations. The proposed FTA between Sri Lanka and Singapore is likely to be finalised in the latter part of this year, reported the Chinese official news agency Xinhua. Addressing the media, Karunanayake said that both the countries enjoy robust and strong bilateral ties that have been ...
CUTS International advises government to modernise infrastructure to help enhance competitiveness
The Dollar Business Bureau India’s leading research and advocacy firm, CUTS International has in its report said, ‘A strong and modern export infrastructure would help enhance competitiveness of Indian exporters in the global market and boost shipments.’ Export infrastructure needs to improve a lot. The research firm suggested that, "A robust export infrastructure leads to trade creation while the lacklustre picture of the same culminates into trade distortion," it said in a statement. Pointing out specific areas to the government, it said there are various challenges of connectivity and congestion in land and sea ports in the country that need special attention. "There is a need to improve upon the connectivity between the major ports and the mother vessels. Special emphasis required for capacity ...
We want to increase our penetration into neighbouring countries: Zen Mobile
Interview by Manishika Miglani India has several domestic mobile brands which are trying to compete with the international companies flooding the handset market in the country. Zen Mobile is one such home-grown mobile manufacturer which is a pioneer in bringing affordable devices to the Indian shores while currently holding 4-5% market share in the feature phone segment. In an interview with The Dollar Business, Sanjay Kalirona, Chief Executive Officer, Zen Mobile, talks about the expansion plans of the company including its vision to start exporting and consolidating the 4G product portfolio. TDB: Zen Mobile currently has a 4-5% market share in feature phones in the Indian market. What is your growth forecast for 2017-18 in terms of expanding this share? Sanjay Kalirona (SK): We are growing at a fast ...
Government committed to ease of doing business: Commerce Minister
The Dollar Business Bureau The Union Commerce Minister, Nirmala Sitharaman, on Wednesday, informed about various measures being taken by the Government of India towards improving industrial policy and ensuring an ‘ease of doing business’ environment. A number of steps have been taken by the government to provide ‘ease of doing business’, rules and regulations have been simplified and various products are taken off from licensing requirements, informed the Minister. Further stating that the government intends to provide robust infrastructure to the business, the Union Minister said the development of industrial corridors and smart cities are to provide a conducive working environment with the state-of-the-art technology. The Minister further informed that 25 Industry related Ministries are working on sector-specific targets which ...
