Hyderabad: Suven Life Sciences Ltd has been granted two product patents, one each from the US and Japan, for its New Chemical Entities (NCEs) for the treatment of disorders associated with neurodegenerative diseases.
The granted claims of the patents include the class of selective 5-HT compounds discovered by Suven and were being developed as therapeutic agents.
“They are useful in the treatment of cognitive impairment associated with neurodegenerative disorders like Alzheimer’s disease, Attention Deficient Hyperactivity Disorder (ADHD), Huntington’s disease, Parkinson and Schizophrenia.
With these new patents, Suven has 15 granted patents from the US and seven granted patents from Japan. Products out of these inventions may be out-licensed at various phases of clinical development like at Phase-I or Phase-II.
“We are very pleased by the grant of these patents to Suven for our pipeline of molecules in CNS (central nervous system) arena that are being developed for cognitive disorders with high unmet medical need with huge market potential globally,” Venkat Jasti, CEO of Suven, said in a release on Tuesday.
Success in my Habit
Sunday, November 10, 2013
India-France trade can take a quantum leap: Exim Bank
For instance, India can supply aircraft parts to France, says the study
New Delhi: Bilateral trade ties between India and France can improve dramatically if both countries identify the potential sectors of trade, according to a study by the Export-Import Bank of India.
“To enhance India’s share in the import basket of France, the sixth largest global importer, the strategy would entail identification of potential items of India’s exports to France,” the study, Potential for Enhancing India’s Trade With France, noted.
For instance, India can supply aircraft parts to France. Globally, India exported around $1.7 billion worth of aircraft parts in 2012, but the exports to France were worth only $37 million, the study pointed out.
Ditto with petroleum products. While France’s imports from India has risen sharply from $2.2 million in 2001 to $1.4 billion in 2012, accounting for 3.8% of the former’s imports, there is enormous potential to further enhance such exports to France.
Total trade between the two countries grew by almost five times to $10.2 billion in 2012 from $2.2 billion in 2001. While France’s exports to India rose from $910 million in 2001 to $4.2 billion in 2012, its imports from India also improved significantly from $1.3 billion to $5.9 billion in 2012, according to the study.
India’s ranking as one of France’s significant trading partners is much lower than the latter’s share of 1.7% of India’s global exports in 2012. France is India’s 14th largest trading partner.
India has gained considerable visibility in only three main items of France’s global imports - apparels and accessories, leather goods, and textiles. However, India’s share is marginal in the case of other major import items of France.
“Some of these items are amongst India’s leading export items in the global market; this highlights India’s export capability of these items,” said Eximh Bank.
New Delhi: Bilateral trade ties between India and France can improve dramatically if both countries identify the potential sectors of trade, according to a study by the Export-Import Bank of India.
“To enhance India’s share in the import basket of France, the sixth largest global importer, the strategy would entail identification of potential items of India’s exports to France,” the study, Potential for Enhancing India’s Trade With France, noted.
For instance, India can supply aircraft parts to France. Globally, India exported around $1.7 billion worth of aircraft parts in 2012, but the exports to France were worth only $37 million, the study pointed out.
Ditto with petroleum products. While France’s imports from India has risen sharply from $2.2 million in 2001 to $1.4 billion in 2012, accounting for 3.8% of the former’s imports, there is enormous potential to further enhance such exports to France.
Total trade between the two countries grew by almost five times to $10.2 billion in 2012 from $2.2 billion in 2001. While France’s exports to India rose from $910 million in 2001 to $4.2 billion in 2012, its imports from India also improved significantly from $1.3 billion to $5.9 billion in 2012, according to the study.
India’s ranking as one of France’s significant trading partners is much lower than the latter’s share of 1.7% of India’s global exports in 2012. France is India’s 14th largest trading partner.
India has gained considerable visibility in only three main items of France’s global imports - apparels and accessories, leather goods, and textiles. However, India’s share is marginal in the case of other major import items of France.
“Some of these items are amongst India’s leading export items in the global market; this highlights India’s export capability of these items,” said Eximh Bank.
India's Mars Orbiter launched successfully
New Delhi: India’s Mars Orbiter Mission (MOM), also known as Mangalyaan, lifted off successfully from Satish Dhawan Space Centre, Sriharikota at 2.38 pm on Tuesday. It is India’s first interplanetary mission to planet Mars and if successful, would make Indian Space Research Organisation (ISRO) the fourth space agency to reach Mars after Roscosmos, NASA and ESA. The project, costing Rs 450 crore (US$ 72.6 million), is the cheapest and low cost mission to Mars and at the same time establishes India’s self-reliance in the area of space technology in the world.
It is important to note here that this was the first time that an Indian spacecraft had been sent out of the Earth’s gravity. The mission would demonstrate the technological capability to reach Mars orbit and carry out experiments. The Polar Space Launch Vehicle (PSLV)-C25 placed the Mars Orbiter spacecraft very precisely into an elliptical orbit around Earth. The spacecraft is set to travel for 300 days, reaching Mars orbit in 2014. The instruments on board are aimed at taking 360 degree panoramic pictures of Mars and asses minerals on the planet. Additionally, the instruments will assess what kind of atmosphere once existed on Mars and the level of water on the planet. However, the most important experiment is to check the presence of methane that can indicate what kind of life existed on Mars, if at all.
Overall, 58 space missions have been planned for the 12th Plan period–33 satellite missions and 25 launch vehicle missions. Interestingly, the two important highlights for this mission were that it was the longest PSLV mission (44 minutes) while the previous missions lasted for around 18 minutes, and this was the silver jubilee lift-off of the PSLV. Out of the 25 launches, 24 had been successful in a row.
It is important to note here that this was the first time that an Indian spacecraft had been sent out of the Earth’s gravity. The mission would demonstrate the technological capability to reach Mars orbit and carry out experiments. The Polar Space Launch Vehicle (PSLV)-C25 placed the Mars Orbiter spacecraft very precisely into an elliptical orbit around Earth. The spacecraft is set to travel for 300 days, reaching Mars orbit in 2014. The instruments on board are aimed at taking 360 degree panoramic pictures of Mars and asses minerals on the planet. Additionally, the instruments will assess what kind of atmosphere once existed on Mars and the level of water on the planet. However, the most important experiment is to check the presence of methane that can indicate what kind of life existed on Mars, if at all.
Overall, 58 space missions have been planned for the 12th Plan period–33 satellite missions and 25 launch vehicle missions. Interestingly, the two important highlights for this mission were that it was the longest PSLV mission (44 minutes) while the previous missions lasted for around 18 minutes, and this was the silver jubilee lift-off of the PSLV. Out of the 25 launches, 24 had been successful in a row.
India's Mars Orbiter launched successfully
New Delhi: India’s Mars Orbiter Mission (MOM), also known as Mangalyaan, lifted off successfully from Satish Dhawan Space Centre, Sriharikota at 2.38 pm on Tuesday. It is India’s first interplanetary mission to planet Mars and if successful, would make Indian Space Research Organisation (ISRO) the fourth space agency to reach Mars after Roscosmos, NASA and ESA. The project, costing Rs 450 crore (US$ 72.6 million), is the cheapest and low cost mission to Mars and at the same time establishes India’s self-reliance in the area of space technology in the world.
It is important to note here that this was the first time that an Indian spacecraft had been sent out of the Earth’s gravity. The mission would demonstrate the technological capability to reach Mars orbit and carry out experiments. The Polar Space Launch Vehicle (PSLV)-C25 placed the Mars Orbiter spacecraft very precisely into an elliptical orbit around Earth. The spacecraft is set to travel for 300 days, reaching Mars orbit in 2014. The instruments on board are aimed at taking 360 degree panoramic pictures of Mars and asses minerals on the planet. Additionally, the instruments will assess what kind of atmosphere once existed on Mars and the level of water on the planet. However, the most important experiment is to check the presence of methane that can indicate what kind of life existed on Mars, if at all.
Overall, 58 space missions have been planned for the 12th Plan period–33 satellite missions and 25 launch vehicle missions. Interestingly, the two important highlights for this mission were that it was the longest PSLV mission (44 minutes) while the previous missions lasted for around 18 minutes, and this was the silver jubilee lift-off of the PSLV. Out of the 25 launches, 24 had been successful in a row.
It is important to note here that this was the first time that an Indian spacecraft had been sent out of the Earth’s gravity. The mission would demonstrate the technological capability to reach Mars orbit and carry out experiments. The Polar Space Launch Vehicle (PSLV)-C25 placed the Mars Orbiter spacecraft very precisely into an elliptical orbit around Earth. The spacecraft is set to travel for 300 days, reaching Mars orbit in 2014. The instruments on board are aimed at taking 360 degree panoramic pictures of Mars and asses minerals on the planet. Additionally, the instruments will assess what kind of atmosphere once existed on Mars and the level of water on the planet. However, the most important experiment is to check the presence of methane that can indicate what kind of life existed on Mars, if at all.
Overall, 58 space missions have been planned for the 12th Plan period–33 satellite missions and 25 launch vehicle missions. Interestingly, the two important highlights for this mission were that it was the longest PSLV mission (44 minutes) while the previous missions lasted for around 18 minutes, and this was the silver jubilee lift-off of the PSLV. Out of the 25 launches, 24 had been successful in a row.
NMDC to set up pilot gold processing plant in Tanzania
Kolkata: In its maiden gold mine venture, NMDC, India’s largest iron ore miner, is setting up a pilot plant in Tanzania for processing the yellow metal at an investment of around Rs 50 crore.
In February last year, the East African country had granted NMDC four gold mining leases for an area of 38.83 sq. km for 10 years.
After mining part of the area for more than a year, the company is setting up the pilot plant, which will be upgraded to a full-fledged gold processing facility in the near future, a senior official told Business Line. The plant would be able to process 100 tonnes per hour of gold bearing ores, added the official, who did not want to be named.
It has also been pursuing untapped gold-bearing assets in Australia on some 560 sq. km through its majority controlled Legacy Iron Ore Ltd.
However, NMDC’s main focus is on iron ore exploration in Australia rather than gold or coal, sources said. Legacy Iron Ore said fieldwork at its Mt. Bevan iron ore project in Western Australia targeting the so-called direct shipping ore would begin this week. Direct shipping ore, or DSO, can be fed directly into iron-making blast furnaces.
Meanwhile, in Jharkhand, NMDC has also been trying to explore gold assets.
Decade-long efforts
NMDC’s exploratory efforts in the north-west part of Tanzania for more than a decade are going to bear fruit now. Between 2000 and 2003, it had carried out gold exploration in north-west Tanzania at a cost of around Rs 7 crore.
It identified rich deposits of gold in Siga Hill area in Kahama district and Bulyang'Ombe area in Nzega district. The company has recently been granted retention licence at Siga Hill and prospecting licence renewal for Masabi East area.
The NMDC board had decided to take up the mining project in Bulyang'Ombe I and II fields first for development. Initial studies revealed that Bulyang'Ombe I had a prospect for good concentration where gold values were, although erratic, shown a maximum of 7.2 gm per tonne (g/t), which is close to the top quality standard of 8 to 10g/t set by the World Gold Council.
In February last year, the East African country had granted NMDC four gold mining leases for an area of 38.83 sq. km for 10 years.
After mining part of the area for more than a year, the company is setting up the pilot plant, which will be upgraded to a full-fledged gold processing facility in the near future, a senior official told Business Line. The plant would be able to process 100 tonnes per hour of gold bearing ores, added the official, who did not want to be named.
It has also been pursuing untapped gold-bearing assets in Australia on some 560 sq. km through its majority controlled Legacy Iron Ore Ltd.
However, NMDC’s main focus is on iron ore exploration in Australia rather than gold or coal, sources said. Legacy Iron Ore said fieldwork at its Mt. Bevan iron ore project in Western Australia targeting the so-called direct shipping ore would begin this week. Direct shipping ore, or DSO, can be fed directly into iron-making blast furnaces.
Meanwhile, in Jharkhand, NMDC has also been trying to explore gold assets.
Decade-long efforts
NMDC’s exploratory efforts in the north-west part of Tanzania for more than a decade are going to bear fruit now. Between 2000 and 2003, it had carried out gold exploration in north-west Tanzania at a cost of around Rs 7 crore.
It identified rich deposits of gold in Siga Hill area in Kahama district and Bulyang'Ombe area in Nzega district. The company has recently been granted retention licence at Siga Hill and prospecting licence renewal for Masabi East area.
The NMDC board had decided to take up the mining project in Bulyang'Ombe I and II fields first for development. Initial studies revealed that Bulyang'Ombe I had a prospect for good concentration where gold values were, although erratic, shown a maximum of 7.2 gm per tonne (g/t), which is close to the top quality standard of 8 to 10g/t set by the World Gold Council.
Three MSMEs to receive Rs 42 crore from UK govt
The companies receiving the UK Samridhi funds are Glocal Healthcare System (Rs 24.6 cr), Gramco Infratech (Rs 14.7 cr) and Shikhar Dairy (Rs 1.9 cr)
New Delhi: Three Indian MSMEs will receive £4.2 million (Rs 42.38 crore) from the United Kingdom's Department for International Development (DFID) for expansion of their businesses, which are related directly or indirectly to the lives of poor people.
The companies receiving the UK Samridhi funds are Glocal Healthcare System (Rs 24.6 crore), Gramco Infratech (Rs 14.7 crore) and Shikhar Dairy (Rs 1.9 crore), according to the website of the Federation of Indian Small, Micro and Medium Enterprises (FISME).
Through the Rs 400 crore (£40m) Samridhi Fund, DFID will extend support to the businesses which directly affect the poor as producers, consumers or workers, over seven years, across eight low-income Indian states.
DFID, in association with the Small Industries Development Bank of India (Sidbi), has envisaged the creation of the Samridhi Fund to provide capital to social enterprises that can deliver both financial and social returns, in Bihar, Uttar Pradesh, Madhya Pradesh, Odisha, Chhattisgarh, Jharkhand, Rajasthan and West Bengal.
The primary focus of the fund is to invest in the MSME sector and provide financial assistance to companies that have projects with a developmental impact. The fund, managed by Sidbi Venture Capital, is the first in India to focus on development projects in low-income states.
Glocal Healthcare System will use the money to operate a chain of affordable hospitals benefitting 1.2 million rural patients in low-income states by 2020; Gramco Infratech will build agricultural warehouses to provide storage and value added services to more than 3,000 farmers every season in MP; and Shikhar Dairy will set up a professionally managed dairy that will allow 300 landless rural poor to own cows and a dairy in the Jhansi district of UP.
Funding for three other businesses in India is being finalised and is to be announced shortly.
New Delhi: Three Indian MSMEs will receive £4.2 million (Rs 42.38 crore) from the United Kingdom's Department for International Development (DFID) for expansion of their businesses, which are related directly or indirectly to the lives of poor people.
The companies receiving the UK Samridhi funds are Glocal Healthcare System (Rs 24.6 crore), Gramco Infratech (Rs 14.7 crore) and Shikhar Dairy (Rs 1.9 crore), according to the website of the Federation of Indian Small, Micro and Medium Enterprises (FISME).
Through the Rs 400 crore (£40m) Samridhi Fund, DFID will extend support to the businesses which directly affect the poor as producers, consumers or workers, over seven years, across eight low-income Indian states.
DFID, in association with the Small Industries Development Bank of India (Sidbi), has envisaged the creation of the Samridhi Fund to provide capital to social enterprises that can deliver both financial and social returns, in Bihar, Uttar Pradesh, Madhya Pradesh, Odisha, Chhattisgarh, Jharkhand, Rajasthan and West Bengal.
The primary focus of the fund is to invest in the MSME sector and provide financial assistance to companies that have projects with a developmental impact. The fund, managed by Sidbi Venture Capital, is the first in India to focus on development projects in low-income states.
Glocal Healthcare System will use the money to operate a chain of affordable hospitals benefitting 1.2 million rural patients in low-income states by 2020; Gramco Infratech will build agricultural warehouses to provide storage and value added services to more than 3,000 farmers every season in MP; and Shikhar Dairy will set up a professionally managed dairy that will allow 300 landless rural poor to own cows and a dairy in the Jhansi district of UP.
Funding for three other businesses in India is being finalised and is to be announced shortly.
World Trade Centre to be set up in Chandigarh
Chandigarh: New York-based World Trade Centre Association (WTCA), part of the global network of WTCs across the globe - covering New York, Dubai, Chicago, Amsterdam and 320 other locations - will establish a WTC Chandigarh to connect Indian MSMEs with their international counterparts across industry domains.
This was announced by Eric Dahl, CEO, World Trade Centre Association, in Chandigarh recently during an interaction with industry members at the PHD Chamber.
Addressing the industrialists, Dahl said, "WTC Chandigarh will be developed as a Grade A+ state-of-the-art facility encompassing office spaces, conference facilities, auditorium, retail and exhibition area."
WTC Chandigarh will ensure that the legacy of entrepreneurship in Punjab is taken forward by connecting MSMEs to their international counterparts across industry domains. Also on offer will be a venture accelerator centre (V@C) to support a large start-up segment in the state. This will be achieved in conjunction with various trade bodies and chambers of commerce already operating in the region, especially the PHD Chamber of Commerce and Industry, added Dahl.
Calling it a step towards empowering the large entrepreneur base in Punjab, Dalip Sharma, regional director, PHD Chamber of Commerce and Industry, committed his organisation's support in the effort to promote trade and business in Punjab and the northern region.
"The timing of the announcement to establish WTC Chandigarh could not have been more apt, when Punjab is gearing up to hold its first-ever Investment Promotion Summit on December 9-10. The two-day event will host business heads and representatives of more than 2,000 companies from across the country and even abroad," said Sharma. "Together, these will help bring in lots of investment to Punjab."
WTCs across the world are known as symbols of growth and prosperity serving the local region. Each WTC connects its tenants, members and partners to the rest of the globe through this trade network. SMEs, start-ups and corporates have all benefited by this reciprocity.
"We propose to establish WTC Chandigarh in association with Spire, a leading infrastructure developer from Delhi NCR, while the local partner in the project is IFM," said Dahl.
This was announced by Eric Dahl, CEO, World Trade Centre Association, in Chandigarh recently during an interaction with industry members at the PHD Chamber.
Addressing the industrialists, Dahl said, "WTC Chandigarh will be developed as a Grade A+ state-of-the-art facility encompassing office spaces, conference facilities, auditorium, retail and exhibition area."
WTC Chandigarh will ensure that the legacy of entrepreneurship in Punjab is taken forward by connecting MSMEs to their international counterparts across industry domains. Also on offer will be a venture accelerator centre (V@C) to support a large start-up segment in the state. This will be achieved in conjunction with various trade bodies and chambers of commerce already operating in the region, especially the PHD Chamber of Commerce and Industry, added Dahl.
Calling it a step towards empowering the large entrepreneur base in Punjab, Dalip Sharma, regional director, PHD Chamber of Commerce and Industry, committed his organisation's support in the effort to promote trade and business in Punjab and the northern region.
"The timing of the announcement to establish WTC Chandigarh could not have been more apt, when Punjab is gearing up to hold its first-ever Investment Promotion Summit on December 9-10. The two-day event will host business heads and representatives of more than 2,000 companies from across the country and even abroad," said Sharma. "Together, these will help bring in lots of investment to Punjab."
WTCs across the world are known as symbols of growth and prosperity serving the local region. Each WTC connects its tenants, members and partners to the rest of the globe through this trade network. SMEs, start-ups and corporates have all benefited by this reciprocity.
"We propose to establish WTC Chandigarh in association with Spire, a leading infrastructure developer from Delhi NCR, while the local partner in the project is IFM," said Dahl.
IIMC and Queensland University of Technology sign International Cooperation Agreement for training & capacity building
New Delhi: Indian Institute of Mass Communication (IIMC), New Delhi and Queensland University of Technology (QUT), Brisbane, Australia have signed an an International Cooperation Agreement to collaborate in academic programmes and in frontier areas of research in Media and Communication. The agreement was signed by Shri Bimal Julka, IIMC Chairman and Secretary I&B Ministry and Prof. Peter Coaldrake, Vice Chancellor, Queensland University of Technology here today.
The agreement envisages bringing ICT in academic programmes in a significant way. Both the institutes have agreed for the development of joint venture projects and also for opening avenues for developing a collaborative doctoral programme to benefit students and faculty. The bilateral cooperation agreement also envisages organization of joint academic and scientific activities, such as courses, conferences, seminars, symposia or lectures, exchange of staff and students and exchange of materials and publications of common interest.
One of the core areas of the agreement is to facilitate Training of senior and mid-level Indian Information Service officers at the Queensland University of Technology (QUT), especially in use of modern technology and social media for providing information about government policies to stakeholders. The objective is to ensure skill development of IIS officers in critical areas of the changing media landscape.
This is the first agreement signed by IIMC seeking international collaboration and partnership with a foreign university. The agreement aims to facilitate a two-way value added training and capacity building programme in the field of Mass Media & Communication.
This cooperation agreement shall be valid for five (5) years from the date of signing. It shall be reviewed six (6) months prior to expiry and may be renewed for a further term by mutual agreement.
The agreement envisages bringing ICT in academic programmes in a significant way. Both the institutes have agreed for the development of joint venture projects and also for opening avenues for developing a collaborative doctoral programme to benefit students and faculty. The bilateral cooperation agreement also envisages organization of joint academic and scientific activities, such as courses, conferences, seminars, symposia or lectures, exchange of staff and students and exchange of materials and publications of common interest.
One of the core areas of the agreement is to facilitate Training of senior and mid-level Indian Information Service officers at the Queensland University of Technology (QUT), especially in use of modern technology and social media for providing information about government policies to stakeholders. The objective is to ensure skill development of IIS officers in critical areas of the changing media landscape.
This is the first agreement signed by IIMC seeking international collaboration and partnership with a foreign university. The agreement aims to facilitate a two-way value added training and capacity building programme in the field of Mass Media & Communication.
This cooperation agreement shall be valid for five (5) years from the date of signing. It shall be reviewed six (6) months prior to expiry and may be renewed for a further term by mutual agreement.
Indo-Japan trade set to grow further
Hyderabad: Indo-Japan bilateral trade is set for further growth with increased focus on areas such as agriculture, food processing and bio-technology, according to Masaki Takaoka, deputy mayor of Miyoshi City.
Indo-Japan bilateral trade reached $ 18.61 billion last fiscal against $18.43 billion in the previous year, he said at a seminar on ‘Business Opportunities in Agriculture in Japan’, organised by the Federation of Andhra Pradesh Chamber of Commerce ad Industries here today.
Exports
India’s exports to Japan were $6.1 billion and imports from Japan were $12.51 billion, he said, adding that India’s primary exports to Japan were petroleum products, iron ore, gems and jewellery, marine products, oil meals, ferroalloys and inorganic/organic chemicals.
India’s primary imports from Japan have been machinery, transport equipment, iron and steel, electronic goods, organic chemicals and machine tools.
“Japanese FDI into India has increased to $2,786 million in 2012, showing an increase of 19.8 per cent over the previous year,” he pointed out.
Takaoka said: “Japan is the largest bilateral donor to India. Japanese Official Development Assistance has been supporting India’s efforts for accelerated economic development particularly in the infrastructure sector. Cumulative commitment of ODA till March 2013 reached ¥3807.763 billion on commitment basis.”
The Japanese delegation included Katsuaki Hirata, Chairman and Director of Hirata Farm, Rama Bhadra, President, ASA Bhanu Japan Centre, Tsuyoshi Uesugi, Advisor of Miyoshi International Relations Association, Takayoshi Takehara, Deputy Chairman, Miyoshi City Council, Hiroyuki Kohmura, Associate Professor, Faculty of Life and Environmental Science, Hiroshima Prefectural University, Toshihiro Tominoi, Executive Director, Japan Agricultural Cooperative and Kosho Toyoshima Manager, Industrial Development Department, Miyoshi city.
Indo-Japan bilateral trade reached $ 18.61 billion last fiscal against $18.43 billion in the previous year, he said at a seminar on ‘Business Opportunities in Agriculture in Japan’, organised by the Federation of Andhra Pradesh Chamber of Commerce ad Industries here today.
Exports
India’s exports to Japan were $6.1 billion and imports from Japan were $12.51 billion, he said, adding that India’s primary exports to Japan were petroleum products, iron ore, gems and jewellery, marine products, oil meals, ferroalloys and inorganic/organic chemicals.
India’s primary imports from Japan have been machinery, transport equipment, iron and steel, electronic goods, organic chemicals and machine tools.
“Japanese FDI into India has increased to $2,786 million in 2012, showing an increase of 19.8 per cent over the previous year,” he pointed out.
Takaoka said: “Japan is the largest bilateral donor to India. Japanese Official Development Assistance has been supporting India’s efforts for accelerated economic development particularly in the infrastructure sector. Cumulative commitment of ODA till March 2013 reached ¥3807.763 billion on commitment basis.”
The Japanese delegation included Katsuaki Hirata, Chairman and Director of Hirata Farm, Rama Bhadra, President, ASA Bhanu Japan Centre, Tsuyoshi Uesugi, Advisor of Miyoshi International Relations Association, Takayoshi Takehara, Deputy Chairman, Miyoshi City Council, Hiroyuki Kohmura, Associate Professor, Faculty of Life and Environmental Science, Hiroshima Prefectural University, Toshihiro Tominoi, Executive Director, Japan Agricultural Cooperative and Kosho Toyoshima Manager, Industrial Development Department, Miyoshi city.
Indo-Japan trade set to grow further
Hyderabad: Indo-Japan bilateral trade is set for further growth with increased focus on areas such as agriculture, food processing and bio-technology, according to Masaki Takaoka, deputy mayor of Miyoshi City.
Indo-Japan bilateral trade reached $ 18.61 billion last fiscal against $18.43 billion in the previous year, he said at a seminar on ‘Business Opportunities in Agriculture in Japan’, organised by the Federation of Andhra Pradesh Chamber of Commerce ad Industries here today.
Exports
India’s exports to Japan were $6.1 billion and imports from Japan were $12.51 billion, he said, adding that India’s primary exports to Japan were petroleum products, iron ore, gems and jewellery, marine products, oil meals, ferroalloys and inorganic/organic chemicals.
India’s primary imports from Japan have been machinery, transport equipment, iron and steel, electronic goods, organic chemicals and machine tools.
“Japanese FDI into India has increased to $2,786 million in 2012, showing an increase of 19.8 per cent over the previous year,” he pointed out.
Takaoka said: “Japan is the largest bilateral donor to India. Japanese Official Development Assistance has been supporting India’s efforts for accelerated economic development particularly in the infrastructure sector. Cumulative commitment of ODA till March 2013 reached ¥3807.763 billion on commitment basis.”
The Japanese delegation included Katsuaki Hirata, Chairman and Director of Hirata Farm, Rama Bhadra, President, ASA Bhanu Japan Centre, Tsuyoshi Uesugi, Advisor of Miyoshi International Relations Association, Takayoshi Takehara, Deputy Chairman, Miyoshi City Council, Hiroyuki Kohmura, Associate Professor, Faculty of Life and Environmental Science, Hiroshima Prefectural University, Toshihiro Tominoi, Executive Director, Japan Agricultural Cooperative and Kosho Toyoshima Manager, Industrial Development Department, Miyoshi city.
Indo-Japan bilateral trade reached $ 18.61 billion last fiscal against $18.43 billion in the previous year, he said at a seminar on ‘Business Opportunities in Agriculture in Japan’, organised by the Federation of Andhra Pradesh Chamber of Commerce ad Industries here today.
Exports
India’s exports to Japan were $6.1 billion and imports from Japan were $12.51 billion, he said, adding that India’s primary exports to Japan were petroleum products, iron ore, gems and jewellery, marine products, oil meals, ferroalloys and inorganic/organic chemicals.
India’s primary imports from Japan have been machinery, transport equipment, iron and steel, electronic goods, organic chemicals and machine tools.
“Japanese FDI into India has increased to $2,786 million in 2012, showing an increase of 19.8 per cent over the previous year,” he pointed out.
Takaoka said: “Japan is the largest bilateral donor to India. Japanese Official Development Assistance has been supporting India’s efforts for accelerated economic development particularly in the infrastructure sector. Cumulative commitment of ODA till March 2013 reached ¥3807.763 billion on commitment basis.”
The Japanese delegation included Katsuaki Hirata, Chairman and Director of Hirata Farm, Rama Bhadra, President, ASA Bhanu Japan Centre, Tsuyoshi Uesugi, Advisor of Miyoshi International Relations Association, Takayoshi Takehara, Deputy Chairman, Miyoshi City Council, Hiroyuki Kohmura, Associate Professor, Faculty of Life and Environmental Science, Hiroshima Prefectural University, Toshihiro Tominoi, Executive Director, Japan Agricultural Cooperative and Kosho Toyoshima Manager, Industrial Development Department, Miyoshi city.
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