www.thedollarbusiness.com
Vol.3
Issue 12
December 2016
100
$2
EXCLUS IVE IN SID E DIGVIJAYA SINGH MP, Rajya Sabha & General Secretary, All India Congress Committee H.E. ANDRÉS BARBÉ GONZÁLEZ Chile’s Ambassador to India ERICH NESSELHAUF MD & CEO, Daimler India Commercial Vehicles AMITABH VERMA Chairman, Inland Waterways Authority of India (IWAI) ...AND MANY MORE!
THE DOLLAR BUSINESS RECOGNISES ACHIEVEMENTS AND RELENTLESS EFFORTS OF A FEW NOTEWORTHY RISING STARS OF INDIA’S FOREIGN TRADE. FOR THESE EMERGING INDIAN, GLOBAL GIANTS, SKY IS NOT THE LIMIT; IT’S JUST A DIRECTION!
Silicone
Synthetic idea. Natural profits.
Catering to a growing domestic demand
Policy Focus
Duty Drawback Scheme
A case of mistaken identity?
Volume: 3 Issue: 12 December 2016 www.thedollarbusiness.com
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facebook.com/tdbIndia twitter.com/TheDollarBiz in.linkedin.com/in/thedollarbusiness/ 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 Meren Molier : Sheela Mamidenna : Niladri S. Nath, Proyashi Barua : Neha Dewan, Ahmad Shariq Khan, Sairaj Iyer, Manishika Miglani Assistant Editors (Online) : Aamir Hussain Kaki Principal Correspondent : Deepak Kumar
ANDRÉS BARBÉ GONZÁLEZ
24 COVER STORY
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)
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ART & PHOTOGRAPHY Art Director Senior Designer Designer Photographer
: Sujesh Kumar G. : Shaik Masthan Vali : Gopal Ganesh Reddy : Dileep Kumar
80 RENDEZVOUS
DIGVIJAYA SINGH, MP, RAJYA SABHA & GENERAL SECRETARY, ALL INDIA CONGRESS COMMITTEE Talks about demonetisation, GST, Modi-led government schemes, FDI, relationship with Pakistan and China & Donald Trump’s victory
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)
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© 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. 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
6 THE DOLLAR BUSINESS II DECEMBER 2016
ing hand-and-hand with the manufacturing and real estate sectors
GLOBAL MANAGER
MONOLOGUE PEOPLE SPEAK
The Indian MSME sector, which contributes to about 45% of the industrial output and 40% of the country’s exports, has many unsung heroes. These are the companies that will drive India’s exports in the near future. The Dollar Business analyses the reasons behind the success of such 16 New-Gen Newsmakers, from sectors spanning across pharmaceuticals to autocomponents to marine products. These are, without an exception, stories of courage, resilience and a drive to excel.
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GLOBAL TRADE
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INDIA TRADE
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SPOTLIGHT
74
The possible impact of Donald Trump on trade to Vietnam’s withdrawal from the TPP & more...
India’s demonetistion, Indo-US bilateral trade resolution, the slowdown in palm oil imports & more.
CHILE India’s trade deficit with Chile is slowly shrinking after decades
IMPORT’ONOMICS
SILICONE Imports of silicone have been grow-
72 ERICH NESSELHAUF, MD & CEO, DAIMLER INDIA COMMERCIAL VEHICLES On the company’s challenges in manufacturing & exports
Narendra Modi on demonetisation, Donald Trump on putting America first & more...
ALLIANCES & COMMUNICATIONS Sr. Manager : Rasanpreet Kaur Deputy Manager : Anupama Polasa Asstt. Manager : Sravya Palakuru
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 November 2016
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
FINANCE & LOGISTICS Manager
AMBASSADOR OF CHILE TO INDIA Discusses the ways and means to strengthen socio-economic ties and boost bilateral trade with India
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POLICY FOCUS
DUTY DRAWBACK Why is the government being miserly with a remission scheme?
TDB FORUM
Questions about foreign trade that hit our mail box in November 2016
DATEBOOK
Some must visit trade shows
BORDERLINE
Editor’s column
84 POLICY MONITOR
AMITABH VERMA, CMD, INLAND WATERWAYS AUTHORITY OF INDIA On importance of waterways to improve trade DECEMBER 2016 II THE DOLLAR BUSINESS 7
COVER STORY
NEW-GEN NEWSMAKERS
THE DOLLAR BUSINESS CELEBRATES THE SUCCESS OF
RISING STARS OF INDIAN FOREIGN TRADE FOR THEM THE SKY IS NO LIMIT, IT’S JUST A DIRECTION!
A lot has been spoken about the important role that MSMEs play in India's economy and foreign trade. And without doubt, if India has to reach anywhere near the ambitious target of $900 billion in exports by FY2020, the country will have to bank on its MSMEs. While the government has implemented a variety of schemes to facilitate exports from this segment, the impact on the ground leaves a lot to be desired. Yet, a number of MSMEs across sectors have risen above everyday challenges and ensured a growing export base for themselves, year after year. And this during a time when exports across many traditional sectors have surrendered to troublesome storms of change. The Dollar Business analysed 16 such young companies to discover what motivates them to keep growing against all odds. THE DOLLAR BUSINESS BUREAU
24 THE DOLLAR BUSINESS II DECEMBER 2016
DECEMBER 2016 II THE DOLLAR BUSINESS 25