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Exports - Can we surpass the $200 billion target?
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Bikky Khosla | 05 Oct, 2010
It seems we will now be able to achieve the $200 billion export target this fiscal as exports grew by 22.5 percent in August to $16.64 billion year-on-year. There is a marked positivity and it is good to see sectors like cotton yarn, gems and jewellery, iron ore, engineering and petroleum, oil and lubricants (POL) registering healthy exports growth.
My concern however is that the readymade garments, handicrafts, handlooms and carpets sectors are still in bad shape. While improved global demand for Indian merchandise have raised hopes that the $200 billion target for the fiscal will be easily achieved, the jump of 32.2 percent in imports in August is a cause for worry which has resulted in a trade deficit of $13.06 billion.
I strongly believe that the recent growth in exports is solely due to the diversification of the export markets. The initiatives taken by the Commerce and Industry Ministry under the Focus Market Scheme and Market Linked Focus Product Scheme seems to be showing results now.
Moreover exporters too instead of focusing solely on the markets of the US and Europe which have still not recovered fully, must look for alternative markets. For instance several markets in the Asian continent and in Africa await to be explored. When the demand from our traditional markets are not to our liking, the markets of Africa and Asian can give us that much-needed impetus to our sales.
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BUSINESS
ARUN SHUKLA | Sat Oct 9 03:59:34 2010
if we export the finished goods only of any sector of industry ,means no raw materials should go out strictly from India,means processed,up graded ,dressed properly should only go to abroad,
the target will go definitely above as marked by you.
STRICT COMPLIANCE OF THE SAME WILL OPEN TWO WAY----
1- number of foreign investors will join hands against joint venture,FDI,FII,AND PUBLIC AND PRIVATE ASSOCIATION COMPANIES WILL INSTALL AND FORM INDIAN NEW CORPORATE AND WI ACT AS PRODUCTIVE industries.
2 -- INTERNATIONAL VALUE/COST OF THE FINISHED PRODUCT WILL BE DECIDED IN INDIAN LAND FROM THE VERY FIRST.
THE ABOVE SAID STYLE WILL BREAK THE PREVIOUS RESULTS EVEN AT CARPET SECTORS.
IN VIEW OF THE ABOVE IF MINISTRY OF INDUSTRY AND COMMERCE GOVT. OF INDIA INCLUDING MINISTRY OF MINES AND NATURAL RESOURCES OR OUR POLICY MAKERS TAKES SUCH ABOVE DECISION THAT IN MY OPINION,THE INDIA WILL BE THE FIRST IN THE COMMERCE.BARAK OBAMA IS COMING INDIA TO SALE UNNECESSARY WAR WEAPONS,AND HEAVY PUBLIC MONEY WILL GO OUT.INDIAN TOUTS ARE TOO GLADE FOR OBAMA'S VISIT .THIS PRACTICE SHOULD ALSO BE STOPPED FIRST OTHERWISE ALL FOREIGN INPUT WILL GO OUT IN ADVANCE.CORRUPT LEADERSHIP IS A MAIN CAUSE OF LOSSES.YOU CANT TO DO ANY THING---ARUN SHUKLA
INVEST TO EUROPE VIA GREECE
BBJ TEXTILES AGENCIES MR ISIDOROS APOSTOLOU | Thu Oct 7 09:02:00 2010
DEAR SIRS I BELIEVE THAT IS A TIME YOU TO ENTER STRONGER IN EUROPE VIA GREECE.NO MATTER THE CRISIS FROM WE ALL SUFFER RECENTLY THERE ARE VERY GOOD OPPORTUNITIES IN GREEK MARKET.APART MY REAL STATE ACTIVITY ,REPRESENTING FROM YEAR 2000 TILL NOW FEW OF YOUR EXPORTERS AS DICITEX FURNISHINGS,GAJANANAY SILK FABRICS,IMPERIAL EXPORTS ,TEXEL OFF SHORE KONDAY TWISTING FACTORY,AND MORE .AS EXCLUSIVE AGENT ALL OF THEM FOR YEARS ,KNOW WELL WHY YOUR EXPORTS NOT CONTINUE MORE THAN ONE LEVEL AND UP.
THE MAIN REASON APART THAN USUAL UNRELIABILITY IN THE AGREEMENTS IN GENERAL IN THE BASIC TERMS ,DELIVERIES QUALITIES ETC, IS ALSO THE FACT THAT THE GOODS USE TO SOLD VIA WHOLESALERS TO RETAILERS ETC .VEY OFTEN THE FINAL PRICE MULTIPLIED BY 8 FOR THE FINAL CONSUMER!!!
ON THE OTHER HAND GREECE HAVING THE BIGGEST PORT IN MEDITERRANEAN SEA WHICH AT THE TIME AND AFTER THE AGREEMENT WITH THE CHINA (COSCO)VIA GREECE WILL BE FORWARDED SOME MILLIONS CONTAINERS YEARLY.
BELIEVING MUCH THAT A GROUP OF COMPANIES UNDER YOUR ORGANIZATION HELP TO CONNECT CAN CREATE A HIPPER MARKET IN THE CENTER OF ATHENS FIRST TO RETAIL DIRECT THEIR GOODS AND IN ADDITIONAL TO FORWARD THE SAME EASIER IN EUROPE.
IN CASE THAT YOU FOUND INTERESTING THE IDEA I WOULD LIKE TO INFORM YOU THAT THERE IS AVAILABLE FOR THAT IN THE CENTER OF ATHENS A NEW BUILDING 20000 SQUARE METERS WITH UNDER GROUND 500 PARKING PLACES ,WITH ALL THE MODERN FACILITIES. KINDLY CONTACT ME FOR MORE AS NO SPACE MORE bbj.textiles@yahoo.gr
Indian Exports
Peter J. Palms | Wed Oct 6 22:38:22 2010
Indian export goals are for 1/6th of it's GDP. but it's utilization of it's labor force is far below it's capacity because India wait for orders instead of creating them. There are potential users of all of this idle GDP unused capacity who could be persuaded to become buyers if overt activity were undertaken to examine the reasons for not buying, which I am glad to say have nothing to do with quality of or competitiveness. They have to do with culture and morays and folkways such as lawyers concern about practicing their profession in foreign countries. Or the lack of sensitivity of the courts of other nations to America's obsessions with making 80% of their annual sales in December, and the economic losses occasioned by late deliveries. There are about a half a dozen of such pre-occupations that are readily shattered by a head-on visit by the "manufacturers agent" who should be a national of the country in which he serves the Indian manufacturer. a phrase "trade deficit" ought to be an oxymoron for India. For India, relying upon domestic consumption for GDP growth is a strategic error easily rectified by identifying hidden needs by creating demand through assurances that ill-founded objections and reservations need only the creation of a change of mind. India's slogan for potential export customers should be. "Don't believe everything you think" India's policy for it's manufacturers should be "You government will generate the orders for you, just fill them.
Exports
Pramod | Wed Oct 6 11:22:38 2010
It is interesting analysis. The government should initiate some urgent measures to boost the exports of the textile industry.
Customs formalities for Focus Market Scheme
Kathir | Wed Oct 6 05:54:00 2010
Though the Government take steps to improve trade via Focus Market Scheme, the cost involved in customs formalities make exporters get a fewer benefit.
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Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
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56.85 |
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