www.thedollarbusiness.com
Vol.2
Issue 12
December 2015
100
$2
EXCLUSIVE INSIDE NIRMALA SITHARAMAN Minister of State (Independent Charge) for Commerce & Industry, GoI DEMETRIOS THEOPHYLACTOU High Commissioner of Cyprus to India DR. B. R. GAIKWAD Chairman, Chemexcil SAMEER SAXENA Vice President – Marketing, Legrand India DILIP KAPUR President, Hidesign ...AND MORE!
FOREIGN TRADE . EXPORTS . IMPORTS
HAS THE
DRAGON CAUGHT A COLD?
China’s romantic rendezvous with global trade seems to be nearing a bitter end. In the last couple of decades, the country had become the posterboy of growth and excellence in manufacturing. Today, there’s fear in the voice of every Chinese exporter.
EXCLUSIVE COVERAGE: CANTON FAIR 2015 UNPLUGGED Steel Industry
Prevention worse than cure
Does safeguard duty on hot-rolled coil makes sense?
Granite
Leaving no stone unturned
Not everything is hunky-dory in this Indian monopoly
EPCG Scheme
Unfulfilled potential
Reduced export obligation has failed to boost manufacturing
Volume: 2 Issue: 12 December 2015
Volume: 2 Issue: 12 December 2015
www.thedollarbusiness.com
www.thedollarbusiness.com
facebook.com/tdbIndia twitter.com/TheDollarBiz in.linkedin.com/in/thedollarbusiness/ President (VMPL) & Editor-in-Chief EDITORIAL & RESEARCH Editor Executive Editor Senior Editor Senior Editor (Online) Senior Assistant Editors Assistant Editor Assistant Editor (Online) Principal Correspondent Correspondents
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 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
President (VMPL) & Editor-in-Chief
: 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. Jasleen Kaur, Aparna Singh
: Sujesh Kumar G. : Gopal Ganesh Reddy : Dileep Kumar
facebook.com/tdbIndia twitter.com/TheDollarBiz in.linkedin.com/in/thedollarbusiness/
32 COVER STORY
HAS THE
DRAGON CAUGHT A COLD?
EDITORIAL & RESEARCH Editor Executive Editor 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. Jasleen Kaur, Aparna Singh
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 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
: Sujesh Kumar G. : Gopal Ganesh Reddy : Dileep Kumar
THE DOLLAR BUSINESS ONLINE Sr. Web Developer : P. Surendra Babu SEO Specialists : Praveen Kukunarapu, Venkata Rao Boosa Asst. Mgr. (Data & Metrics) : C. Dileep Reddy Associates (Data & Metrics) : Dinesh Reddy, Bhanu Prasad
THE DOLLAR BUSINESS ONLINE Sr. Web Developer : P. Surendra Babu SEO Specialists : Praveen Kukunarapu, Venkata Rao Boosa Asst. Mgr. (Data & Metrics) : C. Dileep Reddy Associates (Data & Metrics) : Dinesh Reddy, Bhanu Prasad
CIRCULATION, SUBSCRIPTION & DISTRIBUTION General Manager : S. S. Sudesh Manager - Subscription : M. Vinay Kumar Assistant Managers : Sanjeev Jain, Buddhi Sagar Pandey, Rajneesh Laroiya Senior Executive : K. Chandra Prakash Associate - Outreach : T. Swapna
CIRCULATION, SUBSCRIPTION & DISTRIBUTION General Manager : S. S. Sudesh Manager - Subscription : M. Vinay Kumar Assistant Managers : Sanjeev Jain, Buddhi Sagar Pandey, Rajneesh Laroiya Senior Executive : K. Chandra Prakash Associate - Outreach : T. Swapna
HR, FINANCE & LOGISTICS Sr. Manager – HR Manager – Accounts Asstt. Manager Sr. Executives Associate
HR, FINANCE & LOGISTICS Sr. Manager – HR Manager – Accounts Asstt. Manager Sr. Executives Associate
: Rasanpreet Kaur : Parchuri Jhansi : Helen Mary : Swati Sharma, Ganesh Alagonda : Raj Jarikote
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
PUBLISHED AT 5-2-198/4, Distillery Road, Ranigunj, Secunderabad, Telangana 500003, IN
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
8 THE DOLLAR BUSINESS II DECEMBER 2015
China’s romantic rendezvous with global trade seems to be nearing a bitter end. In the last couple of decades, the country had become the posterboy of growth and excellence in manufacturing. Today, there’s fear in the voice of every Chinese exporter. The Dollar Business team paid a repeat visit to the autumn session of the mega-Canton Fair (in October-November this year) and learnt how even in China, change is the only constant.
HAS THE
DRAGON CAUGHT A COLD?
: Rasanpreet Kaur : Parchuri Jhansi : Helen Mary : Swati Sharma, Ganesh Alagonda : Raj Jarikote
PRINTER Kala Jyothi Process Pvt. Ltd., 1-1-60/5, RTC Cross Road, Musheerabad, Hyderabad, Telangana 500020, 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. 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.
32 COVER STORY
© 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. 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. 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
8 THE DOLLAR BUSINESS II DECEMBER 2015
China’s romantic rendezvous with global trade seems to be nearing a bitter end. In the last couple of decades, the country had become the posterboy of growth and excellence in manufacturing. Today, there’s fear in the voice of every Chinese exporter. The Dollar Business team paid a repeat visit to the autumn session of the mega-Canton Fair (in October-November this year) and learnt how even in China, change is the only constant.
COVER STORY
CANTON FAIR 2015 UNPLUGGED
HAS THE
DRAGON CAUGHT A COLD?
China's romantic rendezvous with global trade seems to be nearing a bitter end. In the last couple of decades, the country had become the posterboy of growth and excellence in manufacturing. Today, there's fear in the voice of every Chinese exporter. The Dollar Business team paid a repeat visit to the autumn session of the mega-Canton Fair (in October-November this year) and learnt how even in China, change is the only constant. The Chinese export-manufacturing community is currently waging a brutal primary war against slowdown in business. And though it's not over for China yet, the past teaches us that the multi-trillon dollar economy is experiencing more than just harmless tremors. China is in danger – and confessions at the Canton Fair's recent edition make us believe that happy manufacturing days in China may be over sooner than expected. The dragon it seems, has started sneezing already. BY STEVEN PHILP WARNER (EDITOR-IN-CHIEF) & MANISH K. PANDEY (EDITOR) 26 THE DOLLAR BUSINESS II DECEMBER 2015
DECEMBER 2015 II THE DOLLAR BUSINESS 27
Subscribe to read the full magazine