Harley Davidson motorcycles may get cheaper in India thanks to Trump

So far, Donald Trump has earned many fans in India for his tough stance on terrorism, especially that emanating from India’s western neighbor Pakistan. Soon, he may win over a new class of fans — bikers — thanks to his latest attempts to reduce import duties Harley Davidson bikes in India. India has a policy […]

Govt seeks Citizen’s help in cracking down Chinese fireworks

The government of India has warned against the import of illegal chemicals used in making fireworks and sought citizens’ help in tracking them. “Possession and sale of fireworks of foreign origin is illegal and punishable under the law,” it said in a statement today. “Information about possession and/or sale of such fireworks may be reported […]

Raymond opens Ethiopia factory to cut costs, easy access to US, EU

Textiles and garments brand Raymond inaugurated a garment manufacturing plant in Ethiopia to gain duty-free access to the US and European markets. The plant was set up at a cost of Rs 100 cr and will employ over 2500 people in the first phase. More people will join later, the company said. Ethiopia also gives […]

Apparel exporters bemoan rising rupee, seek support

Indian apparel makers have sought government intervention to stabilize the rupee, which has been rising in recent months, in stark contrast to the situation in other countries that compete with India in exporting garments. “Other countries started taking recourse to depreciating their respective currencies during the last one-and-a-half years, whereas Indian Rupee got appreciated,” complained […]

Smuggling down on Indo-Bangladesh border, up on Bhutanese side

Incidents related to smuggling of fertilizer and narcotics on the Indo-Bangladesh border fell sharply in 2016, but there was a compensatory increase in drug smuggling cases along India’s border with Bhutan and Nepal, according to data from the Union Home Ministry. Fertilizers — which cost less in India because of government subsidies — are smuggled out, […]

SEZ exports eligible for rewards under MEIS and SEIS schemes

The government has extended the rewards under its merchandise and services export from India schemes to units located in special economic zones. Special economic zones are areas — usually located close to seaports or airports — where normal custom, labor and tax laws of the country do not apply. In many ways, companies in SEZs […]

Can’t block imports of cheap chinese solar panels – Nirmala Seetharaman

The government of India said it cannot seek to slow down imports of solar power generation equipment from China as it has to watch out for the interests of Indian consumers as much as those of Indian industrialists. Responding to questions from the opposition in Lok Sabha on why India was not taking action to help the […]

TRUMP THREAT: TCS not worried, says we’re not the villains

Tata Consultancy Services, the largest Indian-owned outsourcing company, said it is able to manage with 75% less new visas this year as it has changed its business and recruitment models in recent years. It also said that outsourcing was key to protecting US jobs, and is not the villain as portrayed. The statement from Rajesh […]

India-Pakistan invisible trade worth $5 bln a year – study

Informal trade or smuggling of goods between India and Pakistan is estimated at over USD five billion, almost double the official two-way commerce between the two neighbours with history of chequered ties, said an ASSOCHAM study. There are more exports from India than imports through the smuggling route. The official Indo-Pak trade is only USD […]

Worries over China overdone, recovery in progress – Fitch

Fitch Ratings said in a new report that pessimism over China’s short-term outlook is overdone and a growth pick-up in the second half is already in the pipeline. ‘But expectations for the economy’s growth potential in the medium term are shifting lower as the scale of the restructuring challenge becomes clearer,” it said. Global capital […]