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Vol.3
Issue 10
October 2016
100
$2
EXCLUS IVE IN SID E GRAHAME MORTON
High Commissioner of New Zealand to India
SATYENDRA JAIN
Cabinet Minister, Government of Delhi
RAJIV WAHI
Head – International Business (EAM), Escorts Limited
MUKUL DIXIT
President, Indo Rama Synthetics India Limited
...AND MORE!
FOREIGN TRADE . EXPORTS . IMPORTS
Textiles to leather, attar to organic food, marble to electrical equipment and more... The Dollar Business explores some geographical flag-bearers of India’s foreign trade, rightly christened, ‘Export Temples of India’!
MEIS
Change is constant. And here’s proof!
Do unstable rates imply a stable & effective scheme?
Apple
Attractive and lucrative
Newton. Adam and Eve. This fruit is popular!
President (VMPL) & Editor-in-Chief
: Steven Philip Warner
EDITORIAL & RESEARCH Editor Executive Editor Associate Editor (Print) Associate Editor (Online) Senior Editors (Print) Assistant Editors (Print)
: Manish K. Pandey : Indranil Das : Andres M. Molier : Sheela Mamidenna : Niladri S. Nath, Proyashi Barua : Neha Dewan, Ahmad Shariq Khan, Sairaj Iyer Assistant Editors (Online) : Aamir Hussain Kaki Principal Correspondent : Deepak Kumar 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) ADVERTISEMENT SALES & MARKETING Associate Vice-President : Lalit Seth Deputy General Manager : Roosevelt Fernandes Assistant Manager : Maitreya Biswas Senior Executive : Ayesha Fatima International Representatives Seoul (South Korea) London (UK)
: Justin Yoon (+82-2-6241-4256) : S. Puri (+44 207 376 1996)
ART & PHOTOGRAPHY Art Director Senior Designer Designer Photographer
: Sujesh Kumar G. : Shaik. Masthan Vali : Gopal Ganesh Reddy : Dileep Kumar
THE DOLLAR BUSINESS ONLINE Project Managers : Sridhar Bodla, Omar Larzi SEO Manager : Sangameshwar Soma SEO Specialist : Praveen Kukunarapu Asst. Mgr. (Data & Metrics) : C. Dileep Reddy Associates (Data & Metrics) : Dinesh Reddy, Bhanu Prasad CIRCULATION, SUBSCRIPTION & DISTRIBUTION General Manager : S. S. Sudesh Manager - Subscriptions : M. Vinay Kumar Assistant Managers : Sanjeev Jain, Buddhi Sagar Pandey, Rajneesh Laroiya
28 COVER STORY
EXPORT TEMPLES OF INDIA Taking the road less travelled, for the third year in a row, The Dollar Business travels across the length and breadth of India to bring to you some lesser known towns of export excellence that have the potential to boost India’s exports. An exclusive feature on these export temples – India’s very own multi-million dollar micro economies.
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ALLIANCES & COMMUNICATIONS Sr. Manager : Rasanpreet Kaur Deputy Manager : Anupama Polasa Asstt. Manager : Sravya Palakuru FINANCE & LOGISTICS Manager
: Parchuri Jhansi
PRINTER Kala Jyothi Process Pvt. Ltd., 1-1-60/5, RTC Cross Road, Musheerabad, Hyderabad, Telangana 500020, IN
INBOX LETTERS TO THE EDITOR Readers’ feedback, criticism, and appreciation that hit our mailbox in September 2016
76
IMPORT’ONOMICS FRESH APPLES Zealous Indian importers of this delectable fruit stand to make some gains this season
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MONOLOGUE PEOPLE SPEAK From Narendra Modi on bilateral trade with Vietnam to Shinzo Abe on USA’s stance on TPP and much more...
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GLOBAL CORPORATION ESCORTS AGRI MACHINERY A strategic transformation initiative shows signs of early success
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GLOBAL TRADE Mozambique’s ban on log wood exports, China and Iran’s growing bilateral trade ties and more...
86
POLICY FOCUS MEIS Can frequent amendments to the scheme give a fillip to India’s exports?
20
INDIA TRADE From Lava handset’s foray into Africa to imports of Peruvian avocados and much more..
90
SME CORNER GRIND MASTER MACHINES This dynamic company is a preferred vendor to global automotive giants
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 FOR ADVERTISEMENT Email: ads@thedollarbusiness.com FOR SUBSCRIPTION Email: subscription@thedollarbusiness.com . +91-40-67609999 For queries / comments you can send us an SMS at +91-888-633-1947
8 THE DOLLAR BUSINESS II OCTOBER 2016
GRAHAME MORTON
NEW ZEALAND’S HIGH COMMISSIONER TO INDIA Talks about strengthening social, economic and political ties between India and New Zealand
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PUBLISHED AT 5-2-198/4, Distillery Road, Ranigunj, Secunderabad, Telangana 500003, IN
© Copyright 2016 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. Manish K. Pandey, Editor, The Dollar Business, 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.
SATYENDRA KUMAR JAIN
CABINET MINISTER, GOVERNMENT OF DELHI Elaborates on the potential of the capital city of India, in terms of generating better business prospects
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www.thedollarbusiness.com
A L SPECIA PER M A H GIFT e
Volume: 3 Issue: 10 October 2016
COVER STORY
EXPORT TEMPLES OF INDIA
EXPORT TEMPLES OF INDIA
VAPI / SIKKIM / BUTIBORI / DEWAS / AGRA / KISHANGARH / HOOGHLY / KOLKATA / COIMBATORE / NASHIK / LUDHIANA / KANNAUJ 28 THE DOLLAR BUSINESS II OCTOBER 2016
Call it continuation of a tradition dedicated to India's foreign trade, this year too, The Dollar Business trekked far and wide to explore some of the lesser known export clusters of India. And like every other year in the past, this year too saw us digging out some unheard facts from across these hotspots of India's exports. As enthusiasts of foreign trade, it is but necessary for us to understand the opportunities and challenges that these export clusters face. It is the government's goal to make these clusters the strong pole that will help the nation vault over the ambitious $900 billion bar in exports by FY2020. Is the government 'walking the talk' when it comes to improving the global competitiveness of these clusters? Are the central and state agencies fulfilling their mandates of creating common facilities to help small entrepreneurs explore global markets? Are initiatives like 'Make in India' and 'Skill India' making a difference on the ground? These export clusters, which contribute significantly to India's export basket, lack the visibility and the attention they deserve. For the third year in a row, The Dollar Business explores the length and breadth of the country to bring to its readers some ground realities from a handful of India's less-celebrated clusters of export excellence.
OCTOBER 2016 II THE DOLLAR BUSINESS 29
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