Import export oracle

BENGALURU: Software giant Infosys has been recognised as the IT Ratna of Karnataka at the Benglauru Tech Summit 2019 for IT exports by the Software Technology Parks of India (STPI). Featuring in the category of IT exports greater than or equal to Rs 10,000 crore, Infosys was awarded for fiscal 2018-19 in STPI's Karnataka chapter. As many as 15 global companies were recognised as IT Prides of Karnataka, for exports greater than or equal to Rs 2,000 crore and less than Rs 10,000 crore. IT Pride awardees included Oracle, Goldman Sachs, SAP Labs, and Intel, among others. In the category of highest new IT jobs creator, Technicolor India emerged the winner. Whizchip Design Technologies won the award for high growth in IT exports value between Rs 5 crore and Rs 25 crore. STPI also recognised non-Bengaluru based companies within Karnataka. In the Mysuru region, L & T Technology Services was recognised as the highest IT exporter, followed by Excelsoft Technologies in the Information … [Read more...] about Infosys is Karnataka IT Ratna for topping Rs 10,000 cr exports

BENGALURU: Software giant Infosys has been recognised as the IT Ratna of Karnataka at the Benglauru Tech Summit 2019 for IT exports by the Software Technology Parks of India (STPI). Featuring in the category of IT exports greater than or equal to Rs 10,000 crore, Infosys was awarded for fiscal 2018-19 in STPI's Karnataka chapter. As many as 15 global companies were recognised as IT Prides of Karnataka, for exports greater than or equal to Rs 2,000 crore and less than Rs 10,000 crore. IT Pride awardees included Oracle, Goldman Sachs, SAP Labs, and Intel, among others. In the category of highest new IT jobs creator, Technicolor India emerged the winner. Whizchip Design Technologies won the award for high growth in IT exports value between Rs 5 crore and Rs 25 crore. STPI also recognised non-Bengaluru based companies within Karnataka. In the Mysuru region, L & T Technology Services was recognised as the highest IT exporter, followed by Excelsoft Technologies in the Information … [Read more...] about Infosys is Karnataka IT Ratna for topping Rs 10,000 crore exports

PATNA: A study by the Export-Import Bank of India has said that there is an untapped export potential of nearly USD 900 million from Bihar and if it is realised, the shipment from the state could exceed USD 2 billion in the short term. The report also said that the merchandise exports from the eastern state in 2017-18 were valued at USD 1.35 billion which was a "remarkable improvement" over the USD 0.4 billion of exports recorded during 2012-13. The bank organised an interaction with exporters here on Monday and released a working paper, 'Promoting Exports from Bihar: Insights and Policy Perspectives'. The study was released by the state Industries department's secretary Narmadeshwar Lal in the presence of Exim Bank General Manager Lokesh Kumar and its Regional Head- Kolkata, Sanjay Lamba and others. The study examined Bihar's economic profile and outlined strategies for creating an enabling environment for exports at the state-level. The report recommended setting up of Inland … [Read more...] about Bihar has untapped export potential of USD 900 million: Exim Bank study

Shrimp exports provided the biggest contribution to the country's total aquatic product export value in 2017 (Photo: VNA) Vietnam earned some 2.4 billion USD from exporting aquatic products in the first four months of 2018, representing a year-on-year rise of 13 percent.  The US, Japan, China and the Republic of Korea were the biggest importers in January-March, making up 52 percent of the Southeast Asian country’s total aquatic product exports. The highest growth was reported in the Netherlands (55.7 percent), China (44.6 percent) and the UK (33.8 percent). In the four-month period, Vietnam imported 536 million USD worth of aquatic products, up 27.4 percent against the same period last year. Of the figure, 130 million worth of aquatic products were imported in April. Vietnam gained its highest ever aquatic product export value of 8.32 billion USD in 2017, a year-on-year increase of 18 percent, according to the MARD. The Vietnam Association of Seafood Exporters and Producers … [Read more...] about Aquatic product exports bring home 2.4 billion USD in four months

NEW DELHI: The government today said it will take appropriate steps to curb sugar imports and facilitate surplus exports in order to check falling wholesale prices of sweetener and ensure timely payment to cane farmers. Sugar industry bodies ISMA and NFCSF today met senior food ministry officials and sought hike in sugar import duty from 50 per cent to 100 per cent and scrapping of export duty of 20 per cent to liquidate surplus sugar. Wholesale prices have fallen below the cost of production in view of estimated 6 million tonnes more production in the 2017-18 season (October-September), they said. In retail, sugar is being sold at Rs 40-42/kg. "The government is considering both the proposals. We are quite agreeable to what the industry is saying, but we will do at an appropriate time and in an appropriate manner," a senior food ministry official told PTI when asked about the industry's demand. The ministry is collecting the data and working out details on both the proposals, the … [Read more...] about Government to consider hike in sugar import duty, cut export duty