The Dollar Business Magazine June Issue Preview

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Vol.3

Issue 06

June 2016

100

$2

EXCLUSIVE INSIDE BHARAT SALHOTRA Managing Director, Alstom India R. K. DALMIA CFO, Century Textiles & Industries; Chairman, TEXPROCIL SUDHIR HASIJA Chairman, Karbonn Mobiles MAHESH GUPTA CMD, Kent RO Systems NAVIN CHAWLA Chief Operating Officer, Lava International RAJIV BHUSHAN TIWARI Chief Commissioner of Customs, Bengaluru ...AND MORE!

Of the many free trade agreements that India has signed till date, most have won it more 'friendship' and less 'precious forex'. Has the world's largest democracy simply chosen to risk its trade deficit for the sake of foreign policy?

Senna leaves

Small herb, big idea!

A product that defies even a slowdown

Bedspreads

Exporting comfort for a fortune...

India dominates global supply. Wonder why?

Diammonium phosphate

Chemically made, naturally profitable Import idea born out of an obsolete policy

Volume: 3 Issue: 06 June 2016 www.thedollarbusiness.com 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) Sr. Assistant Editors (Print) Assistant Editors (Print)

: Manish K. Pandey : Indranil Das : Andres M. Molier : Sheela Mamidenna : Sisir Kumar Pradhan, : Neha Dewan, Ahmad Shariq Khan, Sairaj Iyer Assistant Editors (Online) : N. Sharath Chowdary, Aamir Hussain Kaki Principal Correspondent : Deepak Kumar Correspondents : Aadhira Anandh M., Jasleen Kaur, Pooja Jain 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 : Lalit Seth Manager : Santosh Pandey, Vipul Singhal Executive : Maleeha Mushtaq 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.

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8 THE DOLLAR BUSINESS II JUNE 2016

IS INDIA ON THE RIGHT TRACK? Of the many free trade agreements (FTAs) that India has signed till date, most have won more ‘friendship’ and less ‘precious forex’.

Several trade experts and economists share similar opinions. Has India’s FTA experience been in most parts a case of ‘trial and error’ gone wrong? Or has the world’s largest democracy simply chosen to put to risk its trade deficit for the sake of foreign policy? The Dollar Business analyses...

82

BHARAT SALHOTRA

RAJAN MALHOTRA

56

90

MAHESH GUPTA

RAJEEV MISHRA

Managing Director, Alstom India

32 COVER STORY

FREE TRADE AGREEMENTS:

76

28

TAUFIK RIGO

FIRST SECRETARY – ECONOMIC AFFAIRS, EMBASSY OF THE REPUBLIC OF INDONESIA Speaks about the need for a more cohesive trade cooperation between India and Indonesia

10

INBOX

LETTERS TO THE EDITOR

Readers’ feedback, criticism, and appreciation that hit our mailboxes in May 2016

12

MONOLOGUE

20

52

PEOPLE SPEAK

From Arun Jaitley on the GST Bill to Barack Obama on America’s role in the TPP, and more...

14

26

GLOBAL TRADE

The growing trade deficit in UK; trade relations between Malaysia and Iran, EU-Mercosur beef trade and more..

SPOTLIGHT

INDONESIA The largest Southeast Asian economy is rich in natural resources

64

POLICY FOCUS

84

DOCKYARD

92

TDB FORUM

94

DATEBOOK

THE MIDAS TOUCH BEDSPREAD

SENNA LEAVES

India is the largest exporter, but there is need for value addition

70

78

DI-AMMONIUM PHOSPHATE

SECRET INGREDIENT

SPECIAL FEATURE MOBILE PHONES

DIRECTOR, UM INDIA On the growth of niche motorcycles’ segment in India

ingly looking at making in India

BESTSELLER

Why exporting bedspreads from India makes for a profitable business

INDIA TRADE

From the Chabahar agreement between India, Iran and Afghanistan to India-Oman defence cooperation and much more..

CMD, KENT RO SYSTEMS Reveals his company’s export plans for the Middle East

A policy conundrum helps importers but not producers

58

Chairman, Project Exports Promotion Council (PEPC)

IEIS DGFT has relaxed norms, but is it too little and too late to stem the decline in exports?

ICD WHITEFIELD It’s one of India’s premier ICDs and successfully serves the EXIM fraternity of the South

Questions about foreign trade that hit our mail box in May 2016

Some trade shows you shouldn’t miss out in India and abroad in June and July 2016

Mobile manufacturers are increasJUNE 2016 II THE DOLLAR BUSINESS 9

COVER STORY

FREE TRADE AGREEMENTS

FREE TRADE AGREEMENTS:

IS INDIA ON THE RIGHT TRACK? India has always been running about with bells on, when it comes to free trade agreements (FTAs), ever since the literal collapse of the WTO Doha Round. However, of the FTAs that it has signed till date, most have won more 'friendship' and less 'precious forex'.

Several trade experts and economists share similar opinions.

Has India's FTA experience been in most parts a case of 'trial and error' gone wrong? And despite having seen the little gains from these agreements, is India still backing the wrong horses when it comes to choosing FTA partners? Or has the world's largest democracy simply chosen to put to risk its trade deficit for the sake of foreign policy? The Dollar Business analyses...

THE DOLLAR BUSINESS INTELLIGENCE UNIT

32 THE DOLLAR BUSINESS II JUNE 2016

JUNE 2016 II THE DOLLAR BUSINESS 33

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