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Showing posts from May, 2024

India and Vietnam: Leading the Charge in Global Trade Expansion

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"Opportunities don't happen. You create them." - Chris Grosser     The Future of International Trade: India and Vietnam Rising   In the ever-changing world of international trade, two countries stand out: India and Vietnam. According to Nomura, these nations are set to gain the most from the China plus one strategy. This shift is expected to bring new growth opportunities for many Asian economies. Let’s explore how India, in particular, is gearing up for a big leap in exports and economic growth.    India’s Export Boom   Nomura’s report reveals that India’s exports are projected to soar to $835 billion by 2030, up from $431 billion in 2023. This significant rise is driven by India’s large domestic market, which attracts firms looking for supply chain alternatives to China. This means more companies are eyeing India as a new hub for their production needs.    Key Sectors on the Rise   Several industries are at the foref...

Banks should not hold up crediting exporters money due to fault of ICEGATE

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Banks should not hold up crediting exporters money due to fault of ICEGATE   Exporters have been facing challenges related to non-fulfillment of export obligations (EO) against advance authorizations and EPCG authorizations issued between 2002 and 2007. While the government demands records dating back 15-20 years, exporters argue that they are only required to preserve records for 2-3 years from the date of redemption. The situation is exacerbated by discrepancies in the EDPMS system, where shipping bills are not reflected. Many exporters report similar issues, but some banks are withholding credits while others are not. If your bank is uncooperative, consider escalating the matter to higher authorities or even the RBI.   For more details on this news article, pl visit the URL below   The original article can be found on –   https://www.business-standard.com/industry/news/banks-should-not-hold-up-crediting-exporters-money-due-to-fault-of-icegate-124052701525_1.html ...

Strategic Moves and Future Outlook for Indian Pharma Industry

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" In business, the rearview mirror is always clearer than the windshield."  - Warren Buffett     The Future of the Pharmaceutical Industry: Challenges and Strategic Moves The pharmaceutical industry is at a crossroads. While it's a sector with significant cash flow, the future looks uncertain in terms of return on investment. The competition is fierce, and the industry is becoming more like a commodity market. Companies are now implementing new strategies to meet shareholder expectations and satisfy other stakeholders. But only time will tell if these strategies will succeed.   Introduction Indian pharmaceutical companies have built a cash reserve of nearly ₹30,000 crore ($3.6 billion). They plan to use this money to expand into new markets, improve their product offerings, and move up the value chain. This focus on mergers and acquisitions (M&A) is a strategic move documented by Ambit Capital.   Strategic Moves   Let's look at s...