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Vol.3
Issue 01
January 2016
100
$2
EXCLUSIVE INSIDE RAVI UPPAL MD & Group CEO, Jindal Steel & Power Ltd. R. V. DESHPANDE Minister of Industries & Tourism, Government of Karnataka HATEM TAGELDIN Ambassador of Egypt to India ARTHUR C. WHEATON Director of Western NY Labour & Env. Programs, Cornell University ROHINI ACHARYA Chief of Section – RTAs, Trade Policies Review Division, WTO ...AND MORE!
FOREIGN TRADE . EXPORTS . IMPORTS
ARE WE REGRESSING? WHAT 2016 WILL MEAN FOR GLOBAL TRADE 2015 was a testing year for the global economy. Muted output and trade growth, reduced capital flows, meltdown in commodities, conflicts and currency devaluations – all of these have triggered fears of the next global recession. Will 2016 be a year of ‘change for the better’?
Pearl
Gem of an idea!
A product whose lure has spared none – neither the beauties, nor the businessmen
Sugar
A ‘sweet’ export idea
Slim margins call for volume play in this commodity
SEZs
Time for a breather
Allowing DTAs to import goods from SEZs at FTA rates will do good to all
Volume: 3 Issue: 01 January 2016
96
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
Ambassador of Egypt to India, speaks about the current state of affairs of Indo-Egyptian ties
: Steven Philip Warner
: Manish K. Pandey : Indranil Das : Satyapal Menon : Himanshu Vatsa : Sisir Kumar Pradhan, Shivani (Vig) Kapoor : Neha Dewan, Ahmad Shariq Khan : 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) ADVERTISEMENT SALES & MARKETING Vice-President : Aninda Mondal Associate Vice-President : Dharmendra Jaiswal Manager : Kamlesh Tripathi, Santosh Pandey, Bhaskar Joshi, Pramveer Singh Executive : Maleeha Mushtaq International Representatives Seoul (South Korea) London (UK)
: Justin Yoon (+82-2-6241-4256) : S. Puri (+44 207 376 1996)
ART & PHOTOGRAPHY Art Director Designer Photographer
: Sujesh Kumar G. : Gopal Ganesh Reddy : Dileep Kumar
26 COVER STORY
WHAT 2016 WILL MEAN FOR GLOBAL TRADE?
WILL 2016 BE A YEAR OF CHANGE FOR THE BETTER?
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 HR, FINANCE & LOGISTICS Sr. Manager – HR Manager – Accounts Asstt. Manager Sr. Executives Associate
HATEM TAGELDIN
RAVI UPPAL
MD & Group CEO, JSPL explains the present predicament of Indian steel industry
22 The Minister of Industries & Tourism, Government of Karnataka talks about his agenda to make Karnataka India’s industrial capital
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8 THE DOLLAR BUSINESS II JANUARY 2015
PEOPLE SPEAK
The year gone by was a testing one for the global economy. It was a calender marked with slower-than-expected global output and trade growth, meltdown in commodities, reduced capital flows, currency devaluations etc. - all of which triggered fears of the next global recession. As the calender on our desktops get replaced, The Dollar Business takes a look at key elements and occurences that could change the world trade in 2016.
GLOBAL TRADE 2015
Currency devaluations to signing of TPP deal to US Fed rate hike and Europe debt crisis & more...
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MONOLOGUE
82
From Malcom Turnbull hoping Canada approves TPP to Janet Yellen’s views after Fed rate hike
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.
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R. V. DESHPANDE
12
: Rasanpreet Kaur : Parchuri Jhansi : Helen Mary : Swati Sharma, Ganesh Alagonda : Raj Jarikote
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18
INDIA TRADE 2015
BESTSELLER
CULTURED PEARLS
Aesthetic beauty apart, these gems of sea represent import item that offer mind-boggling margins
Director of Western NY Labour and Environment programs at Cornell University, on matters that can impact 2016
NEXTGEN NEWSMAKER KAMAL KHUSHLANI Founder & MD, Mufti speaks
about his long-but-satisfying journey and how he looks forward to a bigger and better future
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SPOTLIGHT
100
TDB FORUM
102
DATE BOOK
106
BODERLINE
SUGAR
POLICY FOCUS SEZ
Allowing DTAs to import goods from SEZs at FTA rates will do good to all
92
94
SECRET INGREDIENT Slim margins call for volume play in this commodity
From rupee depreciation to Bank of Baroda scam to Foreign Policy amendments and much more...
76
ARTHUR C. WHEATON
EGYPT This African nation continues to be the centre of Eurafrasian trade
Questions about foreign trade that hit our mail box in December and, of course, their answers
Some trade shows you shouldn’t miss out in India and abroad in January and February
Editor’s column
POLICY MONITOR
TEXPROCIL The Chairman R. K. Dalmia explains the challenges & opportunities in the textile sector JANUARY 2015 II THE DOLLAR BUSINESS 9
COVER STORY
WORLD TRADE 2016
WHAT WILL 2016 BE A YEAR OF
WILL MEAN FOR
GLOBAL TRADE? 26 THE DOLLAR BUSINESS II JANUARY 2016
CHANGE FOR THE BETTER? The year gone by was a testing one for the global economy. It was a calendar marked with slower than expected global output and trade growth, reduced capital flows, meltdown in commodities, conflicts across parts of the world and currency devaluations – all of which have triggered fears of the next global recession. And though India fared better in this dull environment, there is need to enact key policy proposals (like the GST bill) this new year. As the calendar on our desktops get replaced, hope persists that factors affecting world trade too will change for the better, with forecasts indicating revival across domestic and world economies. The Dollar Business takes a look at key elements and occurrences that could change world trade in 2016.
BY THE DOLLAR BUSINESS TEAM WITH INPUTS FROM TDB INTELLIGENCE UNIT
JANUARY 2016 II THE DOLLAR BUSINESS 27
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