Search Result for : West Asia

Sheela Mamidenna Engineering exports from India to Qatar have been impacted after sanctions were imposed on Doha by some Arab countries, said Engineering Export Promotion Council (EEPC) India on Wednesday. Bahrain, Saudi Arabia, UAE and Egypt had last week announced the suspension of all relations with Qatar over the country’s alleged support for terrorist groups and its political closeness to the Shi’ite majority nation of Iran. Qatar denies these allegations. “Inputs from our engineering exporters indicate that shipping lines operating between India and Doha are keeping the containers on hold. A few such incidents have been reported from Jebel Ali and Krishnapatnam ports,” EEPC India said. Suranjan Gupta - Addl. Executive Director, International Trade Facilitation Centre, speaking to the Dollar Business confirmed that "some ...

The Dollar Business Bureau The Indian Cabinet has given its approval to the Memorandum of Understanding (MoU) between Ministry of Agriculture & Farmers’ Welfare and the Ministry of Agriculture in the State of Palestine on agriculture cooperation. This was signed in May 2017, when Palestinian Minister of Foreign Affairs had visited the country. What could seem to be an innocuous agreement, one should also look at the extra efforts on the part of the Indian government to balance its ties with Israel, Palestine, Iran and the West Asian countries. The MoU provides for cooperation in the fields of agricultural research; veterinary field including capacity enhancement of Palestinian Veterinary services and Animal Health; irrigation and climate change. It will also be extended to areas ...

The Dollar Business Bureau Indian grape exports to Europe have been doubled in FY 2016 when compared to the last fiscal year. Though India has become an importer of several other agricultural commodities like maize, wheat and soya bean, the grape exports from the country have touched all-time high in this financial year. India has recorded 102% growth in grape exports at 84,482 tonnes of grapes exported to Europe till May 10, when compared to 41,783 tonnes exported in the previous year. Some final shipments of grapes are still in the transit. Around 98% of Indian grapes exported to Europe are from Maharashtra alone. Maharashtra farmers have exported grapes at a price lower than that exported from Chile. Indian grapes have been sold ...

The Dollar Business Bureau Signing a Preferential Trade Agreement (PTA) with Iran can fill up the demand gap for Indian exporters in several other economies, said the Associated Chamber of Commerce and Industry (ASSOCHAM). “India-Iran PTA will help India expand the volume of exports to Iran, particularly of pharmaceuticals, iron and steel, auto components. Also Iran could serve as an outlet for Indian goods to countries in Central Asia and Afghanistan,” the industry body said in a study. It said that with the US spearheading the regime of easy relations lifting sanctions on Iran, this is the right time for India to engage in trade pact with Iran. In 2014-15, Iran’s trade with India was around $13 billion and it was more ...

Himanshu Vatsa | The Dollar Business India’s mango exports are expected to see a significant decline this year, as growers mainly in the northern region are facing huge damage to their crops due to bad weather. “Mango production is expected to decline by 60% due to squall, hailstorms and unseasonal rains during the flowering season. This year, the export of the fruit will be far less than the previous fiscal,” said Insram Ali, President, All India Mango Growers Association. During 2013-14, India exported 41,280 tonnes of fresh mangoes worth Rs. 28,542 lakh, which was lower than 55,585 tonnes of exports worth Rs. 26,471 lakh registered a year ago, said a government release. “The country’s overall export of mango is ...

The Dollar Business Bureau India will soon sign a Free Trade Agreement (FTA) with Russia and Peru as a process of enhancing trade partnerships with these nations. The Commerce Secretary Rajeev Kher made these statements on Thursday, speaking at an International Engineering and Technology Fair (IETF)-2015 organised by the Confederation of Indian Industry. The Commerce Secretary said that a joint working group has been setup to analyse India’s trade feasibilities with Russia, Peru and further negotiations for trade pact will start after the group submits its report, which is expected to happen in the next three to six months. The Government of India is also mulling to enhance its economic cooperation with other nations including Africa, South Asia, West ...

The Dollar Business Bureau | @TheDollarBiz Amman is the capital and most populous city of Jordan   The Arab kingdom of Jordan has caught the fancy of Indian exporters after exports from India to the West Asian country soared to $554 million in April –July 2014, which is up about 137% from $234 million recorded in the corresponding period last year. While India’s Look East policy has garnered much attention in the recent months, thanks to the several visits of dignitaries to East Asian countries, exporters are wasting no time in boarding the plane to West Asia where much action is promised as a part of reconstruction efforts due to the Syrian war. The Jordanian government’s immediate focus is energy. Recently, ...