India Expo 2014 expected to boost India-UAE trade by $20 billion
The Dollar Business Bureau | @TheDollarBiz Aerial view of Dubai seaport (UAE). Dubai is considered as a major sourcing market for the Middle East, Africa, Europe, and also Pakistan. The Federation of Indian Exporters Organisation (FIEO) has said that the India Expo in Dubai (October 15-16, 2014) is expected to boost bilateral trade between India and United Arab Emirates (UAE) by over $20 billion and will open opportunities in both trade and investment. UAE is a major destination for Indian goods and a strategic re-export market for India. According to FIEO, UAE is a gateway to several regions including Africa, West Asia and Europe and collectively represents $84 billion business. While bilateral trade between India and UAE has traditionally been strong, ...
Union Budget 2014-15 Feedback
He says that the Finance Minister did not reduce the import duty on gold even by 2-3% (from the current 10%) which means that smuggling of gold will continue. Vipul Shah said that the Modi government’s maiden budget did not signal any bold reforms. However, he added that the Gem & Jewelry sector is happy that its recommendations for rationalization of import duty on broken diamonds and withdrawal of import duty on pre-forms of semiprecious and precious stones have been accepted. “Also the rationalization of import duty on processed diamonds to 2.5% will help the domestic manufacturing sector,” he said. IOPEPC: Budget is the first step, India needs a favourable FTP Kishore Tanna, Chairman, Indian Oilseeds And Produce Export ...
