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Vol.2
Issue 11
November 2015
100
$2
EXCLUSIVE INSIDE NIGEL HARRIS President & Managing Director, Ford India DR. FRANCISCO DE ROSENZWEIG Deputy Secretary of Foreign Trade, Mexico JULIAN MICHAEL BEVIS Senior Director, Group Relations, South Asia, The Maersk Group ANTHONY VAN DER HOEST Cluster Manager, Logistics, Port of Amsterdam ...AND MORE!
FOREIGN TRADE . EXPORTS . IMPORTS
WHAT’S AILING INDIA’S GATEWAYS TO THE WORLD? IT’S HIGH TIME THE GOVERNMENT RECOGNISES AND REACTS TO THE NEED FOR INCREASED INVESTMENTS ACROSS PORTS, AS EXISTING INFRASTRUCTURE IS INSUFFICIENT TO HANDLE FUTURE TRADE FLOWS EFFICIENTLY AND EFFECTIVELY
Leather industry
Yet to put the best foot forward
This ‘focus sector’ is experiencing chill winds from various directions
Castor oil
When versatility counts
An Indian monopoly with exports worth over $700 million
Black matpe
The ‘pulse’ of India
Why this legume means money for Indian importers
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Volume: 2 Issue: 11 November 2015
DR. FRANCISCO DE ROSENZWEIG
www.thedollarbusiness.com
Explains why the Mexican business community sees India as a strong and attractive market for investments
facebook.com/tdbIndia twitter.com/TheDollarBiz in.linkedin.com/in/thedollarbusiness/ President (VMPL) & Editor-in-Chief EDITORIAL & RESEARCH Editor Executive Editors Senior Editor Senior Editor (Online) Senior Assistant Editors Assistant Editor Assistant Editor (Online) Principal Correspondent Correspondents
: Steven Philip Warner : Manish K. Pandey : Indranil Das : Satyapal Menon : Himanshu Vatsa : Sisir Kumar Pradhan, Shivani (Vig) Kapoor : Neha Dewan : D. Sai Nikesh : Vanita Peter D'souza : Deepak Kumar, Aadhira Anandh M.
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 Associate Vice-President : Dharmendra Jaiswal Senior Manager : Saroj Roy 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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8 THE DOLLAR BUSINESS II NOVEMBER 2015
32 COVER STORY
WHAT’S AILING INDIA’S GATEWAYS TO THE WORLD? The 7,500 km-long Indian coastline is dotted with over 200 ports, transporting over 90% of the country’s total trade by volume and 70% by value, and in today’s globalised world is nothing less than the lifeline of the Indian economy. What’s more? The total cargo at Indian ports is projected to increase to about 2,800 MMT by 2020 from 980 MMT currently. But can Indian ports handle the added pressure? The Dollar Business, which has over the last year and a half made it regular business to be on the ground at some of India’s major ports, analyses how equipped India’s gateways to the world are to take on the mantle
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54
PRIME FOCUS
LEATHER INDUSTRY This ‘focus sector’ in the Make in India programme seems to be experiencing chill winds from various directions
NIGEL HARRIS
President & MD, Ford India, reiterates how Ford shares the ‘Make in India’ vision, and his plans to triple the company’s exports from India by 2020
12
MONOLOGUE PEOPLE SPEAK
58
GLOBAL TRADE THIS MONTH
64
22
THIS MONTH
70
26
PERU
Facing the heat of Commodity, China and Currency, it aptly represents Latin America’s health
CASTOR OIL
MIDAS TOUCH
86
76
BEAUTY CARE
90
TDB FORUM
92
DATE BOOK
96
SME CORNER
98
BODERLINE
POLICY MONITOR
M. DURAISAMY, PDEXIL
Explains the Council’s role in supporting exporters and talks about the challenges the industry faces
INFOGRAPHICS Some call it indulgence, others a $70 billion-a-year global trade. Well, it’s for both
WATER TUBE BOILER
Why exports of this engineering good means money for Indian exporters
Indo-German ties on a fast track, imported apples to cost more and a lot more
SPOTLIGHT
SECRET INGREDIENT What makes it an Indian monopoly with exports worth over $700 million annually
A landmark trade deal, a tradition driving trade & WTO forecast about a bumpy ride in the global trade
INDIA TRADE
BLACK MATPE
Why importing this legume makes for a mathematically profitable business?
From PM Modi’s stance at UN to Sitharaman’s assurance to exporters to Merkel’s belief in India
14
IMPORT’ONOMICS
Questions about foreign trade that hit our mail box in October and of course, their answers
Some trade shows you shouldn’t miss out in India and abroad in November and December
Sunil Todi, MD, Akar Tools Ltd., reasons why SMEs deserve more attention and incentives
Editor’s column
NOVEMBER 2015 II THE DOLLAR BUSINESS 9
COVER STORY
GATEWAYS TO THE WORLD
WHAT'S AILING INDIA'S GATEWAYS TO THE WORLD?
The 7,500 km-long Indian coastline is dotted with over 200 ports, transporting over 90% of the country's total trade by volume and 70% by value, and in today’s globalised world is nothing less than the lifeline of the Indian economy. What's more? The total cargo at Indian ports is projected to increase to about 2,800 MMT by 2020 from 980 MMT currently. But can Indian ports handle the added pressure? The Dollar Business, which has over the last year and a half made it regular business to be on the ground at some of India's major ports, analyses how equipped India's gateways to the world are to take on the mantle
BY SATYAPAL MENON AND SISIR PRADHAN
32 THE DOLLAR BUSINESS II NOVEMBER 2015
NOVEMBER 2015 II THE DOLLAR BUSINESS 33
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