www.thedollarbusiness.com
Vol.2
Issue 09
September 2015
100
$2
FOREIGN TRADE . EXPORTS . IMPORTS
MOST DESIRED
SANCTION-FREE IRAN’S VIRGIN MARKETS ARE BOUND TO LURE PROSPECTS FROM ALL OVER THE WORLD. WHAT DOES THAT MEAN FOR INDIA? THE DOLLAR BUSINESS ANALYSES
Volume: 2 Issue: 09 September 2015 www.thedollarbusiness.com
26
facebook.com/tdbIndia twitter.com/TheDollarBiz in.linkedin.com/in/thedollarbusiness/ President (VMPL) & Editor-in-Chief EDITORIAL & RESEARCH Editor Executive Editor Senior Editor Senior Assistant Editors Assistant Editor Principal Correspondent Correspondent
PETKO DOYKOV
Ambassador of Bulgaria to India thinks India should use his country as a springboard to the whole of Europe
: Steven Philip Warner
: Manish K. Pandey : Shakti Shankar Patra : Satyapal Menon : Sisir Kumar Pradhan Shivani (Vig) Kapoor : Neha Dewan : Vanita Peter D'souza : Aadhira Anandh M.
49
30 COVER STORY
T. N. R. RAO
Chairman, Advisory Board, SAGE, thinks MEIDP will be a game changer for India’s power & fertiliser sectors.
EDITORIAL CONSULTING BOARD Founder & Editor : Anil Goyal Publisher : Avnish Goyal Chief Consulting Editor : Dr. A. K. Sengupta Editorial Advisors : Dr. N.K. Goyal (CMAI), Atul Kumar Saxena (IIA) BRAND ACTIVATION & RESPONSE Vice-President : Aninda Mondal Senior Manager : Saroj Roy Deputy Manager (Alliances) : Swati Sinha
54
INTERNATIONAL REPRESENTATIVES Seoul (South Korea) : Justin Yoon (+82-2-6241-4256) London (UK) : S. Puri (+44 207 376 1996) ART & PHOTOGRAPHY Art Director Designer Photographer
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PRINTER Kala Jyothi Process Pvt. Ltd., 1-1-60/5, RTC Cross Road, Musheerabad, Hyderabad, Telangana 500020, IN PUBLISHED AT 5-2-198/4, Distillery Road, Ranigunj, Secunderabad, Telangana 500003, IN © Copyright 2014 No part of this magazine may be reproduced in whole or in part without an expressed permission of the publisher. The information on this magazine is for information purpose only. The Editor is responsible for the selection of news and content under PRB Act. Vimbri Media Pvt. Ltd. assumes no liability or responsibility for any inaccurate, delayed or incomplete information, or for any actions taken in reliance thereon. The information contained about each individual, event or organisation has been provided by such individual, event organisers or organisation without verification by us. All disputes are subject to exclusive jurisdiction of competent courts and forums in Hyderabad, Telangana. Printed and published by Avnish Goyal for Vimbri Media Pvt. Ltd. Published at 5-2-198/4, Distillery Road, Ranigunj, Secunderabad - 500 003, Telangana. Printed at: Kala Jyothi Process Pvt. Ltd., 1-1-60/5, RTC Cross Roads, Musheerabad, Hyderabad - 500 020, Telangana. FOR EDITORIAL/CONTENT Email: editorial@thedollarbusiness.com . Tel: +91-40-6677 0766 FOR ADVERTISEMENT Email: ads@thedollarbusiness.com . Tel: +91-40-6677 0765 FOR SUBSCRIPTION Email: subscription@thedollarbusiness.com . 18001030385 (Toll free) For queries / comments you can send us an SMS at +91-888-633-1947
2 THE DOLLAR BUSINESS II SEPTEMBER 2015
84
P. KRISHNAKUMAR
: Sujesh Kumar G. : Gopal Ganesh Reddy : Dileep Kumar
VP & GM, Consumer & Small Business, Dell India, explains why the company is not willing to give up on PCs and laptops when everyone is betting on smartphones and tablets
IRAN NUCLEAR DEAL
A BOON OR BANE
FOR INDIA? THE IRAN NUCLEAR DEAL HAS EVOKED MIXED REACTIONS IN INDIA. WHAT THE BUSINESS FRATERNITY IS A BIT PERTURBED ABOUT ARE CONCERNS THAT INDIA’S DOMINANT POSITION IN THE ISLAMIC NATION’S TRADE MIGHT GET DILUTED. ARE THESE CONCERNS JUSTIFIED?
12
MONOLOGUE PEOPLE SPEAK
58
From Donald Trump and Netanyahu’s rants to Lord Browne’s pragmatism and more
14
GLOBAL TRADE THIS MONTH
INDIA TRADE THIS MONTH
64
SPOTLIGHT
NORTH KOREA
Closed, not only for the outside world, but also for outside goods and services
The enigmatic publisher of the popular Gloom, Boom & Doom report thinks it’s a great time to buy gold
IMPORT’ONOMICS CHANDELIER
80
SECRET INGRIDENT TOOTHBRUSH
68
POLICY FOCUS
REWARD UNDER MEIS
82
DOCKYARD
VOC PORT, TUTICORIN
The strengths of this major port are many. People, location and a whole lot more
The vociferous anti-Fed founder of Euro Pacific Bank thinks the Fed’s rate hike bluff will be called very soon
INFOGRAPHICS ICE CREAM
PRIME FOCUS GOLD
Is gold headed for a massive short squeeze, which’ll end its four-year old downtrend?
88
How Indian exporters are falling victims to digitisation? And is there a way out?
72
PETER SCHIFF
They are tough to transport, but since they are the favourites of the rich, trade is not an issue
The future of the export of these brushes that make our teeth bright isn’t looking extremely bright
India and the EU’s drug war, US GSP renewal for India’s exporters and a whole lot more
24
MARC FABER
Importing these ‘Made in China’ grandeurs can light up your living room as well as your wallet
From China’s yuan shock & awe to crude oil plunging to a six-year low and much more
20
86
SPECIAL FEATURE FDI IN REAL ESTATE
While the government has eased FDI norms in real estate, has it made any difference?
92
TDB FORUM
Questions about foreign trade that hit our mail box in August and of course, their answers
SEPTEMBER 2015 II THE DOLLAR BUSINESS 3
IRAN NUCLEAR DEAL
Picture Credits: commons.wikimedia.org ; https://www.flickr.com/photos/statephotos/16389773974
COVER STORY
IRAN NUCLEAR DEAL A BOON OR BANE FOR INDIA?
4 THE DOLLAR BUSINESS II SEPTEMBER 2015
BY SATYAPAL MENON
In India, the lifting of economic sanctions on Iran has evoked mixed feelings. While officially, the country has welcomed it, the business fraternity is a worried lot. How justified are some of these concerns? More importantly, are India-Iran economic ties headed for better or worse times? The Dollar Business analyses. SEPTEMBER 2015 II THE DOLLAR BUSINESS 5
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