Search Result for : Value Added

The Dollar Business Bureau Salzer Electronics, a leading name in the field of electrical products manufacturing, said on Monday that it is looking at a compound annual growth rate (CAGR) of 15% and aims to become a Rs.1,000 crore firm by 2021, following technology alliances globally and augment the share of value-added products. “We expect Rs.430 crore turnover by FY 18, Rs.520 crore by FY 19 and intend to emerge as a Rs.1,000 crore company by 2021,” R Doraiswamy, Managing Director of Salzer Electronics told PTI. “We believe that revenues from our existing products are expected to grow at a 15% CAGR during this period. Going forward the company’s focus is to achieve profitable growth by adding newer products, which are customised and ...

Himanshu Vatsa | The Dollar Business Days after the government announced a revised list of textile products eligible for benefits under Merchandise Export from India Scheme (MEIS), industry leaders said that excluding knitted fabric from the list will have adverse impact on the country’s exports. In a fresh notification issued on July 16, the Directorate General of Foreign Trade (DGFT) revised the list of textile products and countries importing those products from India for giving credit benefits to exporters. As per the revised list, textile items shipped to European countries like Norway, Switzerland, Iceland and Liechtenstein will be eligible for duty credit scrip up to 5%. The fresh list also included exports of fabrics – both woven and knitted traded under various ...

The Dollar Business Bureau | @TheDollarBiz West African nation Côte d'Ivoire has improved its business environment and is inviting Indian businessmen to invest in the country to help expand its value added exports to India. In a recent meeting organised by the Confederation of Indian Industry (CII), Daniel Kablan Duncan, Prime Minister of the Republic of Côte d'Ivoire, said that Côte d'Ivoire’s exports to India mainly comprised primary articles such as farm produce while the country imported finished items such as pharmaceuticals, automobiles and plastics from India. He added that investing in value-addition of products could help Indian importers and boost bilateral trade between the two countries. class=" "] Source - Ministry of Commerce Bilateral trade between India and Côte d'Ivoire surged around 117% ...

Manish K. Pandey | The Dollar Business There has been a lot of confusion and an excessive display of concern (or rather distress!) lately about free trade agreements (FTAs) and their impact on Indian economy. In fact, on one hand, there are many who are happy that the ASEAN-India FTA in services and investment is getting closer to the finish line (Thailand's Ministry of Commerce has accepted the terms outlined in the region-wide accord), on the other hand there are critics who continue to question the viability of such regional trade pacts. Interestingly, the discord was more evident than ever at the National Council Meeting of the CII held recently in New Delhi. While the Commerce Secretary was of the view that "the ...