The Dollar Business November 2016 Issue Preview

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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?

$2

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

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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.

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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

76

POLICY MONITOR RAGHUNATH SINGH RANA, CHAIRMAN, SGEPC On the sector’s exports strength and challenges faced by exporters

78

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

82

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

84

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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