India’s Pepper Exports to U.S. Command Higher Price

With sellers of pepper demanding higher prices, India’s pepper market traded at a higher rate this month. Prices of imported Vietnam pepper and exchange-released pepper have also increased, market sources told Business Line.

Pepper

Indian export prices were at $8,400 a ton cf for Europe, and $8,650 a ton cf for U.S.A.

June 11, 2017   No Comments

India to Be 3rd Largest Buyer of Passenger Planes

With India set to buy 2.2 new airplanes for each of the 480 aircraft currently in service, it is poised to become the third-largest buyer of commercial passenger planes in the world. The U.S. and China are the only countries to have more pending aircraft orders says a report released by the Center for Asia Pacific Aviation, a Sydney-based aviation think tank.

Boeing predicts that India will need 1,850 new planes over the next two decades, and says that these orders will be worth $265 billion. CNN reports that  220 million Indians flew last year — an annual increase of 20% — and the country is on track to overtake the U.K. as the world’s third-largest aviation market by 2026.

However, there are challenges to this expansion: airlines can buckle under the pressure and become defunct; infrastructure such as airports and traffic control will need to gear up to match India’s aviation boom.

 

A plane in flight

June 9, 2017   1 Comment

India Receives the most FDI, Again

The fDi Report 2017 compiled by fDi Intelligence, a division of The Financial Times Ltd., says that India retained its position as the world’s topmost greenfield destination for Foreign Direct Investment for the second consecutive year, attracting  $62.3 billion in 2016.
China has overtaken the U.S. to become the second biggest destination for FDI by capital investment, with $59 billion of announced FDI, compared to $48 billion in the U.S.
A case of dollar bills
Globally, the real estate sector attracted the most capital investment, with $157.5 billion of announced FDI recorded in 2016. In value terms, coal and natural gas witnessed an inflow of $121 billion, followed by alternate and renewable energy at $77 billion, says FirstPost.

May 29, 2017   No Comments

India’s Motherson Sumi Expands Internationally

Noida, India-based auto component maker Motherson Sumi Systems consolidated net profit stood at $108.81 million in the quarter ending March 31, 2017, a better-than-expected 20 percent growth. Motherson Sumi’s net sales outside India rose over 14 percent to 94.76 billion rupees (GB Please convert to USD)

CFO of Motherson Sumi Systems, G. N. Gauba told Press Trust of India, “We have earmarked $300 million capex for the current fiscal. The investment will mainly go into the upcoming nine manufacturing plants across the world.”  The company will set up three plants in India, three in Hungary, one each at South Korea, Mexico and the United States, he added.
Auto parts from Motherson Sumi Systems
Currently, the company operates over 180 facilities across the globe catering to various automobile OEMs including Mercedes- Benz, Audi, Toyota, Ford and Suzuki, reports the Economic Times. It has set a target of achieving a turnover of  $18 billion by 2020 through global expansion.

May 22, 2017   No Comments

India’s Gem, Jewelry Exports Surge

India’s gems and jewelry exports increased by 9  percent for financial year 2016-17 due to demand from the United States, Hong Kong and the United Arab Emirates, the three destinations accounting for over 75 percent of India’s overall shipment of precious ornaments by value.

India’s  Gems & Jewelry Export Promotion Council, said that net exports for the financial year 2016-2017 were $36 billion, while for the previous financial year, the number was  $32.6 billion. Praveenshankar Pandya, chairman of the Gems and Jewelry Export Council estimated exports to increase by a further 10 percent for the current financial year 2017-18.

Diamond pendant

Meanwhile, cut and polished diamonds contributed  60 percent of India’s overall exports of precious metals and stones, reports the Business Standard.

 

May 6, 2017   No Comments