ASEAN occupies central place in Asia-Pacifics security architecture: VK Singh
The Dollar Business Bureau Minister of State for External Affairs Gen VK Singh said on Sunday that ASEAN (Association of South East Asian Nations) occupies a central position in the Asia-Pacific region’s “security architecture” and has the distinctive ability to reflect the greater interests of world. From the Indian perspective, ASEAN occupied a central place in the security architecture of the Asia-Pacific region, Singh said while speaking at the 15th meeting of ASEAN-India Foreign Ministers in Manila. In the last five decades, the regional intergovernmental organisation had put behind it several post-decolonisation discussions of the region and steered away adeptly from the Cold War to enter in a new era of higher economic growth that act as an example to others, he said. “Surviving ...
US hike in anti-dumping to hit Indian shrimp exports: ICRA
The Dollar Business Bureau The US’s decision to increase anti-dumping duty on shrimp imports could hit Indian exporters hard, rating agency ICRA said in a recent report. “Any hike in anti-dumping duty (ADD) for shrimp exports from India, by the US, should lead to higher prices for Indian shrimp imports to US, making Indian shrimp un-competitive,” it said. The US Department of Commerce (US DoC) has hiked the weighted average anti-dumping duty on shrimp imports from India to 4.98% from its earlier 2.96%. The US has of late emerged as the largest consumer of shrimps exported from India, especially after a disease (Early Mortality Syndrome) hit Thailand's total shrimp production, thereby affecting that country’s shrimp exports to the US. The US alone accounts for almost 39% ...
Retail F&B industry will benefit from Make in India
Interview by Vanita Peter D’souza | The Dollar Business The Dollar Business (TDB): What kind of support did you get from the Government to set up operations in India? Tarak Bhattacharya (TB): I have travelled throughout the world and started stores across the globe. Setting up business in India is difficult. There are lot of norms, procedures and permissions to be obtained for starting operations from city to city. But it was not that difficult too as we had our consultant in place and they really did a good job. They made us realize that how we have to work with the government. So, overall, initially it was tough but we had to learn. We are doing pretty good ...
