...New textile policy brings in Rs 3,800 cr investment The Hindu Business Line: October 22, 2012 Mumbai: The textile sector is on the upswing in Maharashtra due to the new textile policy. Since April, the State has managed to attract Rs 3,834 crore in investments in 411 new textile projects, said State Textile Minister Arif Naseem Khan on Monday. Addressing the media after reviewing the process of policy implementation, Khan said that the new projects would provide about 30,000 jobs in the State. Most of the investment has happened in cotton spinning and ginning units. Textile companies are keen to set up units in Vidarbha, Marathwada and the Khandesh due to the ready supply of cotton, he said. “Due to the policy, the sector is likely to get Rs 40,000 crore investment in the next five years and generate employment for 11 lakh people,” Khan said. Khan said that the policy was not a single-window policy but a ‘zero-window policy,’ in which projects would not come to the Government for clearance, The due diligence is done by banks. If a company manages to get its loan sanctioned under the Technology Upgradation Fund Scheme from banks, then it is eligible for subsidy, he said. The Union Government initiated the Scheme in 1999, and it has attracted over Rs 4 lakh crore investments in the sector, as of date. Textile Secretary Sunil Porwal said that all the 411 projects have achieved financial closure. For the Rs 3,834 crore investments, about Rs 400 crore will be the subsidy...
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...2009-2014 NEW DELHI, DATED THE 5th June, 2012 In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2009-2014, the Director General of Foreign Trade hereby notifies the Handbook of Procedures (Volume I) and the Appendices to the Handbook of Procedures (Volume I). This shall come into force from 5th June, 2012. (Anup K. Pujari) Director General of Foreign Trade e-mail: dgft@nic.in (Issued from F. No. 01/ 61/180/0050/AM13/PC-3) iii iv CONTENTS CHAPTER SUBJECT PAGE GLOSSARY 1 1 INTRODUCTION 5 2 GENERAL PROVISIONS REGARDING EXPORTS AND IMPORTS 7 3 PROMOTIONAL MEASURES 53 4 DUTY EXEMPTION / REMISSION SCHEME 67 5 EXPORT PROMOTION CAPITAL GOODS SCHEME 125 6 EXPORT ORIENTED UNITS (EOUs), ELECTRONICS HARDWARE TECHNOLOGY PARKS (EHTPs), SOFTWARE TECHNOLOGY PARKS (STPs) SCHEME AND BIO- TECHNOLOGY PARKS (BTPs) 139 7 SPECIAL ECONOMIC ZONES 165 8 DEEMED EXPORTS 167 9 MISCELLANEOUS MATTERS 171 v vi GLOSSARY (ACRONYMS) Acronym ACC ACU AEZ ANF ARO ASIDE BG BIFR BOA BOT BRC BTP CBEC CCP CEA CEC CIF CIS CoD CoO CVD DA DoBT DC DEPB DFIA DFRC DGCI&S DGFT DIPP DoC DoE DoIT DoR DoT DTA Explanation Assistant Commissioner of Customs Asian Clearing Union Agri Export one Aayaat Niryaat Form Advance Release Order Assistance to States for Infrastructure Development of Exports Bank Guarantee Board of Industrial and Financial Reconstruction Board of Approval Board of Trade Bank Realisation Certificate Biotechnology Park Central Board of Excise and...
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...EXPORT & DEEMED EXPORT CONCEPTS (WITH BENEFITS AT A GLANCE) [Extracts from D.V.Shidhaye’s Compilation on C.D. “EXPORT AND DEEMED EXPORT BENEFITS (Practical approach to encash).] Key Notes (1) There are changes in the in the new FTP 2009-2014. Customs has also issued new Notifications and amended old Notifications to give effect to the changes in new FTP. Summery of all changes is given by Customs in its Master Circular No. 26 /2009-Cus. [F.NO.605/58/2009-DBK] dated 30/9/2009.This is available in Chapter 26 of this book. (2) Accordingly Department of Revenue issued following Notifications (a) No. 91/09-Cus to 103/09-Cus. All dated 11/9/2009 (b) 104/09- Cus and 105/09- Cus both dated 14/9/2009. (c) 109/09-Cus dated 24/9/2009 (d) 23/09- CE (NT) dated 25/9/2009 (e) 112/09-Cus dated 29/9/2009. These are issued to implement the policy and the handbook. Then the salient features of all these are explained briefly in this important circular No. 26/2009 –Cus dated 30/9/2009. Summery of these Notifications is given in Para 3.6 Chapter 3 of this book only as ready recknor. 1. Export (Physical) Removal of goods from factory of manufacture or warehouses or godowns for onward exportation out of India either by Sea or Air or Road or Courier or Post is direct or actual export. Shipping Bill and Export Invoice are key documents. Here payment is received in freely convertible foreign exchange by Government and exporter gets it in Indian Rupees (at the exchange rates...
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...Business Environment-Unit-V FEB-2014 Unit-V-EXIM policies & FEMA: India’s new EXIM policy- legal framework- initiatives, FEMA – Multi-national companies and FDI.Case 1:- RBI Slaped Rs. 125 Crore on Reliance Infrastructure. A Case Study on FEMA, (Dr. VivekMittal, page no.655) Case2:- China as an Expert Base, (David W. Conklin, page no.574 EXIMPOLICIES Exim Policy or Foreign Trade Policy is a set of guidelines and instructions established by the DGFT - Directorate General of Foreign Trade , in matters related to the import and export of goods in India. The Foreign Trade Policy of India is guided by the Ex port Im port in known as in short EXIM Policy of the Indian Goernment and is regulated by the Foreign Trade Development and Regulation Act, !!" . DGFT #Directorate General of Foreign Trade$ is the main goerning body in matters related to !xim "olicy. The main ob#ectie of the Foreign Trade $Deelopment and %egulation& 'ct is to proide the deelopment and regulation of foreign trade by facilitating imports into, and expand exports from India. Foreign Trade 'ct has replaced the earlier law known as the imports and !xports $(ontrol& 'ct )*+. EXIM Policy Indian EXIM Policy contains arious policy related decisions taken by the goernment in the sphere of Foreign Trade, i.e., with respect to imports and exports from the country and more especially export promotion mea%ure% , policies and procedures related thereto....
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...Foreign Trade Policy 27th August 2009 - 31st March 2014 Government of India Ministry of Commerce and Industry Department of Commerce Website: http://dgft.gov.in ii TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY PART-II, SECTION-3, SUB SECTION (ii) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE NOTIFICATION No. 1/2009-2014 NEW DELHI, THE 27th August,2009 In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act,1992 (No.22 of 1992) read with paragraph 1.2 of the Foreign Trade Policy, 2009-2014, the Central Government hereby notifies the Foreign Trade Policy, 2009-2014 as contained in Annexure to this notification. The Policy shall come into force w.e.f. 27th August, 2009. This issues in Public interest. ( R. S. Gujral ) Director General of Foreign Trade and Ex Officio Additional Secretary to the Government of India (Issued from F.No. 01/94/180/Foreign Trade Policy/AM10/PC-4) iii iv FOREIGN TRADE POLICY 2009-14 FOREWORD The UPA Government has assumed office at a challenging time when the entire world is facing an unprecedented economic slow-down. The year 2009 is witnessing one of the most severe global recessions in the post-war period. Countries across the world have been affected in varying degrees and all major economic indicators of industrial production, trade, capital flows, unemployment, per capita investment and consumption have taken a hit. The WTO estimates project...
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...Regular Course | | | IIIEM has an honest intention to motivate and encourage todays young generation to fulfill the unsaturated field of Export & Import by providing its best of the best knowledge and experience by its dedicated expertise for preparing good quality Exporter and Importer in the International Market and hence contributing to build up an asset pool for the country and the Industry. IIIEM believes in the field of International Business only a strong knowledge base coupled with conceptual clarity and execution skills can ensure desired results as required by the Industry. The Key drivers always tries to enhance teaching module by giving careful attention to each of the individuals relating technical, regulatory and practical issues. Therefore IIIEM Team makes an effort to enhance and expand the global opportunity to all individual by way of providing "Diploma in Import & Export Management Course (DEIM)" in regular courses but has also started initiative by Launching "Distance Learning Module (DLM)". Diploma in Export & Import Management (DEIM) - Regular CourseIIIEM is a renowned name in providing the whole cycle of Import & Export with researched innovative Practical Training and Port Visit. The curriculum of Diploma in Export Import Management includes the following: Topic 1: Basics of International Trade & Export Marketing | * International Trade Basis Selection of Product for Export * Export Pricing * Packaging and Promotion...
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...Exim Policy 2002-2007 MARAN LAUNCHES FOCUS: AFRICA PROGRAMME NEW TERRITORIAL INITIATIVE TO BOOST TRADE WITH AFRICA Shri Murasoli Maran, Union Minister of Commerce & Industry, launched the "FOCUS: AFRICA" Programme giving a boost to India’s trade with the Sub-Saharan African Region, while announcing the first 5-year Exim Policy of the new millennium here today. The programme FOCUS:AFRICA is geared towards tapping the tremendous potential for trade with the sub-Saharan African region, which had remained negligible despite the growth recorded in India’s trade with Africa in recent years. The share of the sub-Saharan region in Africa’s total trade has grown from 45 per cent in 1995 to 71 per cent in 1999. During 2000-2001, India’s total trade with Sub-Saharan Africa was US $ 3.3 billion. Out of this, India’s exports accounted for US $ 1.8 billion and imports were US $ 1.5 billion. In the first phase of the "FOCUS: AFRICA" Programme, the target countries identified are: Nigeria, South Africa, Mauritius, Kenya, Ethiopia, Tanzania and Ghana. These seven countries accounted for nearly 70 per cent of India’s total trade with the Sub-Saharan African Region during 2000-2001. Similarly, certain target commodities for export focus have also been identified. These are: • Cotton yarn, fabrics and other textile items; • Drugs & pharmaceuticals; • Machinery & instruments; • Transport equipment; and • Telecom and information technology In...
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...Vidit Shah OVER VIEW Composition & Direction of Foreign Trade Foreign Trade Policy India’s Foreign Trade Policy Foreign Trade Policy 2015 – 2020 3 05/01/2016 Composition Of Foreign Trade • Composition of foreign trade means major commodity or sectors in which India is doing export and import. India is a very old participant in world trade. Its participation have been promoted by the opening of Suez Canal and speedy development of the ship building industry supplemented by the spread of industrial revolution in Europe and fast expansion of Indian railways. Composition Export Fuels, Capital Goods, Chemicals, Food Grains, Petroleum Products, Capital Goods, Pearls and Precious Gems, Iron and Steel Fertilizers, Edible Oil 05/01/2016 Import Manufactured goods textiles , Gems and Jewellery, Handicraft, Light machinery etc. 4 IMPORTS It refers to goods that we buy from other countries. At times of independence India was an agrarian economy. Partition of our country has brought food shortage because wheat growing regions vested with Pakistan. Hence India need to import in large quantities, food , cotton jute. Etc With development of economy over these days, there occurred changes in composition of imports. The development required setting up of industries, modernization of agriculture etc. Capital goods like machinery, chemicals, fertilizers ,metals, minerals petroleum products etc. are imported . ...
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...Merchandise Export from Indian Scheme as per Foreign Trade Policy, 2015. I. Objective: * offset infrastructural inefficiencies and associated costs, * involved in export of goods/products manufactured in India, * to increase the export competitiveness. II. Incentives available under MEIS: * Duty Credit Scrips in the form of shall be granted as rewards under MEIS, which will be ultimately used for: (i) Payment of Custom Duties for imports, except items listed in Appendix 3A. (ii) Payment of excise duties on domestic procurement of inputs or goods, including capital goods as per DoR notification. (iii) Payment of service tax on procurement of services as per DoR notification 58. (iv) Payment of Customs Duty and fee as per paragraph 3.18 of this Policy * Exports of goods through courier or foreign post office using e-commerce, as notified in Appendix 3C, of FOB value upto Rs. 25000 per consignment will be entitled to benefits. * If the value of exports using e-commerce platform is more than Rs 25000 per consignment then MEIS reward would be limited to FOB value of Rs.25000 only. III. Conditions to be fulfilled to avail those benefits: * Notified goods/products * with ITC[HS] code, exports to notified markets * Listed in Appendix 3B. * Exports of notified goods/products with ITC[HS] code, to notified markets as listed in Appendix 3B. Service Export from India Scheme (SEIS) I. Objective: encourage export...
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...| | | Foreign Direct Investment | | | | | | Marking its second investment in India, Warren Buffet’s Berkshire Hathaway will induce investment in a chlorinated polyvinyl chloride (CPVC) industrial unit in Gujarat, through its wholly owned subsidiary Lubrizol Corporation. Lubrizol will initially invest Rs 1,177 crore (US$ 242 million) in the project and its construction work is expected to commence by January 2013.In order to tap more foreign funds, Cox and Kings has got the nod from Foreign Investment Promotion Board (FIPB) to increase its foreign equity by 10 per cent to 53.94 per cent, from the previous 43.81 per cent. Currently, foreign promoters have a stake of 19.87 per cent and FIIs hold 22.72 per cent. FIPB has granted its approval to the travel company to raise Rs 750 crore (US$ 154 million) from foreign markets.Meanwhile, Singapore-based Global Schools Foundation plans to invest Rs 300 crore (US$ 61.6 million) and start 25 schools in India over 2011-16. The foundation owns and operates Global Indian International Schools (GIIS) and Global School of Silicon Valley (GSSV) across eight countries all over the world.Policy InitiativesRecently, the government has further liberalised the FDI mechanism for allowing overseas investment in bee-keeping and share-pledging for raising external debt.Moreover, it has eased FDI norms for construction of old-age homes and educational institutions. The modification endorses removal of issues pertaining to the minimum...
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...Sector Agro and Food Processing Sub - sector Marine Sector Project No. AF-18 Project Title Shrimp farming and processing unit in Kutchh Project Description The project envisions setting up of integrated shrimp farming and a processing unit in the coastal area of Gulf of Kutchh. The project shall have its own feed mill to supply fish feed for hatchery and shrimp farms. Product Application A shrimp is a kind of seafood that is used as an input, for a variety of processed food products. It can be barbecued, boiled, broiled, baked and sautéed. Variety of shrimp products like pineapple, lemon, coconut, pepper shrimp and shrimp soup, stew, salad, burger, sandwich, kebabs, gumbo, pan fried, deep fried, stir fried are available and largely consumed in USA and Japan. Thus, Shrimp has domestic and global market as an important sea food and as input into a variety of processed food products. Apart from Fresh Shrimp, there is also very large demand for frozen shrimp in international market and hence the proposed project will also have Shrimp processing and Cold storage as integral part of the project. Market & Growth Drivers Market China leads the world in Shrimp production, followed by Indonesia, India and Thailand. USA and Japan are the leading Shrimp importing countries, with USA recently surpassing Japan followed by Spain, UK, France, and Italy, while Singapore and Canada are minor importers of Shrimp. India’s total marine export for the year...
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...Business and economy 1. Which of the following is the slogancan be associated with the World Wildlife Fund (WWF)? a. Earth and nature b. Nature is life c. For a living planet d. Life and planet 2. Pulsar, Discover and Ninja , are names of bike models that you would associate with … a. TVS Motors Ltd b. Bajaj Auto Ltd c. Hero Honda Motors Ltd d. Honda Motors Ltd 3. Servo brand of industrial oil belongs to the stable of … a. HPCL b. Indian Oil Corporation c. BPCL d. ONGC 4. Which company is a joint venture between Norway’s leading Telecom operator Telenorand India’s leading reality major, Unitech, and has recently launched the mobile phone services in India? a. Peninor b. Uninor c. Teletech d. None of these 5. Real GDP growth rate in the second quarter of 2009-10 was? a. 6.1 per cent b. 6.7 per cent c. 7.1 per cent d. 7.9 per cent 6. The Union Minister for Corporate Affairs is ... a. SK Shinde b. Salman Khursheed c. Veerappa Moily d. None of these 7. What is the percentage stake acquired by Arcelor Mittal in Uttam Galva Steel in a deal worth 422 crores recently? a. 21 per cent b. 23 per cent c. 25 per cent d. 29 per cent 8. The amount invested by the Venture Capital fi rms in around 92 deals in India by the end of 2009 is? a. $345 million b. $475 million c. $550 million d. $640 million 9. Subir Raha who passed away recently, was an outstanding public service executive and headed one of the major oil companies of India. Identify the name...
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...COMPETITION CONCERNS IN FILM INDUSTRY 2013 A RESEARCH PROJECT ON COMPETITION CONCERNS IN FILM INDUSTRY UNDER THE GUIDANCE OF DR. K.D. SINGH DEPUTY DIRECTOR (LAW) COMPETITION COMMISSION OF INDIA BY TULIKA SINGH, VTH YEAR STUDENT OF B.A. L.L.B. (HONS.) AT CHANAKYA NATIONAL LAW UNIVERSITY, PATNA COMPETITION COMMISSION OF INDIA Page 1 DISCLAIMER COMPETITION CONCERNS IN FILM INDUSTRY 2013 This project report has been prepared by the author as an intern under the Internship Programme of the Competition Commission of India for the period of one month from 7th January 2013 to 31st January 2013, for academic purposes only. The views expressed in the report are personal to the intern and do not reflect the views of the Commission or any of its staff or personnel and do not bind the Commission in any manner. This report is the intellectual property of the Competition Commission of India and the same or any part thereof may not be used in any manner whatsoever, without express permission of the Competition Commission of India in writing. COMPETITION COMMISSION OF INDIA Page 2 ACKNOWLEDGEMENT COMPETITION CONCERNS IN FILM INDUSTRY 2013 This research project is undertaken by me as a part of Internship programme of Competition Commission of India. Dr. K. D. Singh, Deputy Director (Law) at CCI guided me through this project. His invaluable inputs and suggestions are deeply acknowledged. Library Staff of CCI also helped me throughout the internship period...
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...Government of India Ministry of Textiles (International Trade Section) *** Sub: Note on Textiles & Clothing Exports of India. 1. Introduction India’s textiles and clothing industry is one of the mainstays of the national economy. It is also one of the largest contributing sectors of India’s exports worldwide. The report of the Working Group constituted by the Planning Commission on boosting India’s manufacturing exports during 12th Five Year Plan (2012-17), envisages India’s exports of Textiles and Clothing at USD 64.41 billion by the end of March, 2017. The textiles industry accounts for 14% of industrial production, which is 4% of GDP; employs 45 million people and accounts for nearly 11% share of the country’s total exports basket. 2. Milestones i) Exports of textiles and clothing products from India have increased steadily over the last few years, particularly after 2004 when textiles exports quota stood discontinued. ii) India’s Textiles & Clothing (T&C) exports registered a robust growth of 25% in 2005-06, recording a growth of US$ 3.5 billion over 2004-05 in value terms thereby reaching a level of US$ 17.52 billion and the growth continued in 2006-07 with T&C exports of US$19.15 billion recording a increase of 9.28% over the previous year and reached USD 22.15 billion in 2007-08 denoting an increase of 15.7% but declined by over 5% in...
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...FLOW OF PRESENTATION Introduction of sony Products of sony Introduction of sony vaio Factors of production Impact on production by change in factors Determinants of Demand Affect on demand by change in determinants Price elasticity of demand Price elasticity of supply Income elasticity of demand Advertisement elasticity of demand cross elasticity of demand Market structure Opportunity cost Government policy Foreign trade policy Import duty Impact by government policy Impact on technological change Impact of Recession How is differentiation done? Introduction of Sony Sony company founded in the year 1945. It’s Headquarter in Tokyo, Japan. Producer of Electronic and IT products In 2004, 72nd rank in forbs ranks of largest company in the world Sony company is a co-developer of CD, DVD, and super audio CD. Sony music entertainment is a second largest company in the world. Products of Sony laptop Mobile phones Television & Projectors Digital Camera & interchangeable lens Camera Video Camera Tablets & Notebook Portable audio Play station 1 and 2 Introduction of Sony Vaio Sony Vaio launched in 2004-05. Available in i3, i5 and i7 processor in 2nd and 3rd both generation Available in the price range of Rs. 24000 to 200000 Recently Sony launched ultra-book. Factors of production Land : in north America, Fifty seven manufacturing sites. Four engineering locations. Headquarter is in Japan. Labor : More...
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