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 ieport Home : ieport Daily News Home : October 2006
For global IT giants, India is a favoured destination. Companies such as Google have announced billion-dollar investments and many of these plans are in the drawing board stage. But commerce ministry officials tell CNBC-TV18 that all these companies have made... (Read Article)
The Mukesh Ambani-controlled Reliance Group proposes to build India’s largest port ‘Rewas’ as part of its Navi Mumbai SEZ, which would have same draft as of Suez Canal and virtually double that of the deepest JNPT Port in the country. The group plans to invest... (Read Article)
The CPI(M) today demanded that the Centre should adopt the West Bengal model on special economic zone which stipulates segregated use of the land for various purposes, including industrialisation and housing. "We have submitted an alternative proposal to the... (Read Article)
The Doha Round has finally fallen apart. Uncertainties prevail on what, if anything, can hold the World Trade Organisation (WTO) and the multilateral trading system together. While the WTO is in seemingly inexorable drift, away from the hard politics of trade... (Read Article)
Transparency International's Bribe Payers Index (BPI) might suggest that Indian exporters have a lousy reputation as bribe givers overseas, but when it comes to India's major export destinations, most do not seem to have such a low opinion of India.China is... (Read Article)
The Finance Ministry has slashed customs duty on polycarbonates, a group of thermoplastics, from 12.5 per cent to 5 per cent. It has also cut the 5 per cent duty on Bisphenol-A, used for making polycarbonate plastic.The customs duty on epichlorohydrin (ECH),... (Read Article)
The Government may in the coming months support direct import of gold and silver by corporates, a top Commerce Ministry official has said."This (suggestion) I agree," the Director General of Foreign Trade, Mr K.T. Chacko, said at a FIEO meeting, referring to... (Read Article)
The Shellac and Forest Products Export Promotion Council (Shefexcil) has chalked out a strategic plan to increase export of guar gum (an industrial legume of immense commercial potential) in a big way.The largest buyers of Indian guar gum are the US, Germany... (Read Article)
The Textiles Committee, as a cluster development agency for Tirupur knitwear industry, has unveiled a programme to enable the small and medium scale knitwear exporters in design oriented manufacture to increase the value of their merchandise.The special programme... (Read Article)
The Finance Ministry has indicated that it may go in for suitable customs duty changes on the raw materials side to offset the impact of any inverted duty structure that may have arisen from the implementation of the early harvest scheme in the Indo-Thai bilateral... (Read Article)
Fear Japanese cos may source more from ThailandGeneral apprehensionThere seem to be early indications that newer quotations being sought by Japanese automakers with a base in Thailand will be for a shorter period.The inverted duty structure is threatening to... (Read Article)
The paperless environment, being ushered in the foreign trade-related government departments as part of the electronic data interchange (EDI) system, has brought to the fore certain audit challenges, say exporters.The exporting community apprehends that many... (Read Article)
The Finance Ministry has imposed provisional anti-dumping duty on non-radial lorry and bus tyres, tubes and flaps imported from China and Thailand.The provisional anti-dumping duty, which is usually valid for about six months, has been imposed through the reference... (Read Article)
Soyameal exports during the oil year ended September 2006 have doubled from last year (October 2004 - September 2005). The large carryover stocks of about eight lakh tonnes and better crop size of 72 lakh tonnes (62 lakh tonnes 2004-05) boosted the exports,... (Read Article)
In an interesting reversal of roles in the on-going India-Asean free trade agreement (FTA) negotiations, India has expressed dissatisfaction with Asean’s negative list of items (products to be excluded from duty reduction commitments) and has asked for amendments... (Read Article)
Merchandise exports during September increased by 22 per cent to $10.30 billion, compared with a revised export figure of $8.45 billion in the same month last year. Imports during the month rose almost 25 per cent to $15.63 billion, against a revised figure... (Read Article)
Twelve Tibetan export firms will display native products like beer, mineral water, textiles and daily needs commodities in the 26th Indian International Trade Exposition in New Delhi from Nov 14 to 27.Tibetan beer is considered to be an excellent beverage,... (Read Article)
The government plans soon to lift a ban on sugar exports imposed in July after a surge in domestic prices, a senior government official told on Monday boosting sugar stocks in a weak Mumbai market."We plan to lift the sugar export ban soon in view of record... (Read Article)
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