Search Result for : Tanzania

The Dollar Business Bureau India and Tanzania on Tuesday agreed to enhance sectoral cooperation at the fourth session of the India-Tanzania Joint Trade Committee meeting held in New Delhi. It was decided that the cooperation would be based on the needs of therespective sides and comparative advantage for mutual benefit. Tanzania is a beneficiary of the Indian Duty Free Tariff Preference Scheme, which has considerably boosted the exports from Tanzania to India in past few years, said an official release from the Ministry of Commerce. At the meeting, Commerce and Industry Minister Nirmala Sitharaman led the Indian delegation and the Tanzanian delegation was led by Charles John Mwijage, Minister for Industry, Trade and Investment of Tanzania. In her address, Sitharaman said, “India and Tanzania enjoy close ...

The Dollar Business Bureau  Ashok Leyland, the leading Indian commercial vehicle manufacturer, on Thursday said it has got an order worth Rs.1,140 crore ($170 million) from Tanzania for supplying vehicles, gensets, spares, etc.  The order also consists of supplying equipment for workshop development, training modules and related equipment to be equipped on ambulances, the company said in a filing with BSE.  “The new order from Tanzania, valued at $170mn, fast on the back of the $200mn by Cote D'Ivore also reiterates the market's acceptance of Ashok Leyland's products in the African region,” said Vinod Dasari, Managing Director of Ashok Leyland.   He further said that export to major overseas markets is a vital part of the company's strategic intent to globalize its products and de-risk ...

The Dollar Business Bureau Reliance Industries Ltd’s (RIL) indirectly fully-owned arm, Reliance Exploration & Production DMCC (REPDMCC), has signed an agreement to sell its entire interest of 76 percent in the Mauritius-incorporated GAPCO to Total Marketing and Services. REPDMCC has signed agreement with Total on May 30, 2016 for the sale of its entire 76 percent interest held by it in the GAPCO (Gulf Africa Petroleum Corporation), RIL said in a BSE filing on Tuesday. The proposed deal is subjected to approvals from regulatory bodies and other conditions that are applicable for such transactions, it added. GAPCO, a holding company, has operating arms in Kenya, Tanzania and Uganda, which are majorly involved in the imports of petroleum products. The company is also ...

The Dollar Business Bureau India’s largest automotive maker, Maruti Suzuki, revealed that it began exporting the much-anticipated Light Commercial Vehicle-LCV ‘Super Carry’ to Tanzanian and South African markets. Meanwhile, the LCV will be launched in India in the second quarter of the current fiscal. The first batch comprising of 100 Super Carry LCV’s has been shipped, revealed Maruti Suzuki India. The models being shipped to South Africa and Tanzania include the petrol variant of the LCV, which is run by G12B engine. Meanwhile, the company, in a bid to explore international markets, is also mulling plans to export the LCV to SAARC countries. In India, the LCV, powered by E08 engine, will be launched in selected parts of the country in the 2nd quarter of ...

Source: PIB, Government of India. The Prime Minister, Narendra Modi (right) giving his statement to the media with the President of the United Republic of Tanzania, Mr. Jakaya Kikwete, at the Joint Press Briefing, in New Delhi on June 19, 2015. Source: PIB, Government of India.   With trade over $4 billion heavily in India's favour, Prime Minister Narendra Modi urged Tanzania President Kikwete to open up more sectors in his country for investments and exports from India. "Indian investments in Tanzania exceed $3 billion and cover many areas. Indian investors are ready to invest more in Tanzania that would support Tanzania's development and trade," said the PM, adding "I offered our cooperation in the development of the potentially rich natural ...

The Dollar Business Bureau India and Kenya on Wednesday participated in the seventh Joint Committee Meeting in New Delhi, a meeting that is being held between the two nations after a gap of over four years. In the meeting, both the sides reviewed their bilateral trade and agreed to enhance cooperation in the fields of bilateral investment, infrastructure, among other key sectors. Speaking at the meet, Nirmala Sitharaman, Union Commerce Minister, Government of India, called for enhancement of the share of Kenyan exports in India’s bilateral trade. She further stressed on the need for India’s increased development partnership engagement with Kenya and for cooperation in the fields of agriculture, horticulture and mining.  Referring to Kenyan President’s priority towards the infrastructure ...