www.thedollarbusiness.com
Vol.3
Issue 11
November 2016
100
INDIA’S SERVICES EXPORTS
UNTAPPED
OPPORTUNITIES? The sector has been a key earner of precious forex for the economy. But India’s edge in this respect is increasingly being challenged, due to reasons both internal and external. The Dollar Business investigates whether India’s services sector is a classic case of potential unleashed or remains an unfinished national agenda!
Sunflower Oil Sunny gains ahead
What makes India its largest importer
Coffee
Brewing profits worldwide
A caffeine-stimulated exports idea
Policy Focus
Status Holder Scheme
Can’t we have one for our MSMEs?
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Volume: 3 Issue: 11 November 2016 www.thedollarbusiness.com facebook.com/tdbIndia twitter.com/TheDollarBiz in.linkedin.com/in/thedollarbusiness/ President (VMPL) & Editor-in-Chief
: Steven Philip Warner
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44 COVER STORY INDIA’S SERVICES EXPORTS
TIME TO TAP THE UNTAPPED
India’s services exports has grown spectacularly over the last one and a half decade, outpacing merchandise exports many times in terms of year-on-year growth. But, can the sector provide fillip to country’s exports by filling the growth gap left by merchandise exports? The Dollar Business analyses
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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
IMPORT’ONOMICS CRUDE SUNFLOWER OIL Constant changes in import policy has affected crude sunflower oil imports.
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SECRET INGREDIENT COFFEE With prices in global markets on the rise, Indian exporters of coffee can rake in big profits
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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 NOVEMBER 2016
H. E. HYUN CHO
AMBASSADOR OF SOUTH KOREA TO INDIA Talks about the current status of Indo-South Korean bilateral trade tie, and the ways to strengthen it further
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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.
RAKESH SRIVASTAVA,
SR. VP & DIVISION HEAD, HMIL Discusses the spectacular export performance of India’s 2nd largest car manufacturer
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POLICY MONITOR RAGHUNATH SINGH RANA, CHAIRMAN, SGEPC On the sector’s exports strength and challenges faced by exporters
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POLICY FOCUS NO STAR FOR MSMES The case for MSMEs to receive Status Holder benefits
CASE STUDY SHODHANA LABORATORIES LTD. An incredible journey of determination, innovation & exports
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SME CORNER ARJUNA NATURAL EXTRACTS LTD. On how it has turned itself into an export powerhouse
SPOTLIGHT REPUBLIC OF KOREA The trade deficit between South Korea and India keeps growing
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DOCKYARD KOLKATA DOCK SYSTEM Can this riverine port live up to the users’ expectations and become a gateway to east India?
COVER STORY
SERVICES EXPORTS
SERVICES EXPORTS
POTENTIAL UNLEASHED OR AN UNFINISHED AGENDA?
India’s services exports has outperformed its more popular cousin (read: merchandise exports) over the last few years. Truth however is, despite the relative brilliance, growth in India's services exports has been lacklustre. Limited trade agreements, absence of defined supply cycles, and a lack of diversification makes one wonder if this sector can fill the vacuum in earnings caused by a slowdown in merchandise exports.
TRANSPORTATION & LOGISTICS
AVIATION & HOSPITALITY PROJECT EXPORTS
EDUCATION ITES & OUTSOURCING
ACCOUNTING ENTERTAINMENT BANKING & FINANCE
LEGAL PROCESSES PHARMA
TELCO
HEALTHCARE MEDIA
SAIRAJ IYER | THE DOLLAR BUSINESS 44 THE DOLLAR BUSINESS II NOVEMBER 2016
NOVEMBER 2016 II THE DOLLAR BUSINESS 45
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