The government has asked Indian Institute of Foreign Trade to prepare a report on the impact of the enlargement of the European Union in the country exports.

The report analyses the impact and developing a plausible negotiating strategy for India with respect to elements of export interest.

The three main points identified in products negotiable “, where most favorites nationality prices are probably related to increase, leather, textiles and chemicals.

The study, in collaboration with the Federation of Indian Export Organizations, the government’s proposals on the basis of feedback from exporters, FIEO said.

IIFT has already initiated discussions with exporters in this context, in the land of the major cities of Chennai and Mumbai.

With the European Union’s largest trading partner and second largest source of foreign direct investment in India, its current expansion is certainly have a great influence on the Indian economy in general and especially exports.

In the area of market access, it is estimated that in the case of new members joining the EU, tariffs on products are not be bound.

Some experts believe that since the EU already has a wide variety Tarrif barriers unavailable, it is unlikely that migration tarrifs.

Taking the inter-regional integration efforts (for more trade and industry) on exporters’ level is the most important pillar of the new launched “Focus ASEAN (Association of Southeast Asian Nations) and 2 (Australia and New Zealand) “Programme of Ministry of Commerce, Government of India.

The new programme has been chalked out along the lines of programmes such as “Focus-LAC” and “Focus Africa ‘, which has proved fruitful.

India is the traditional export basket in the countries of ASEAN is composed of elements such as gems and jewellery, grain, chemicals, electronic goods and iron and steel, with no evil the demand on the route of a certain category of products. Events trade in this region of Engineering Procurement and Construction (EPCs) are in financial assistance from the government under the Market Development Assistance (MDA) Scheme.

India-exports to ASEAN countries reached $ 4.62 billion during the period 2002-03, from $ 1.63 billion in 1998-99. Currently, ASEAN is a dominant trading partner of India, for example accounting for 9 percent of total trade. Two avenues of trade is now $ 9.8 million, with a trade deficit of 0.5 billion dollars.

The main markets are India, Singapore (export refunds from India was $ 1.4 billion over the period 2002-03), Indonesia ($ 0.8 billion), Malaysia ( $ 0.75 billion), Thai country ($ 0, 7 billion) and Philippines ($ 0.5 billion).

During a recent workshop on the theme “Doing Business in South East Asia”, organised jointly by the Bengal National Chamber of Commerce and Industry and Capexil, in collaboration with the Indian Institute of Foreign Trade (IIFT), Mr. Samir Ghosh, Senior Vice - - Chairman of Capexil, there is an urgent need to improve economic cooperation between India and ASEAN countries by the work quickly on the path of an India-ASEAN Free Trade Agreement (FTA).

ASEAN countries, Mr. Ghosh, it may be regarded as one of the main destinations for Indian exports, reaching $ 30 billion by 2008, according to a recent study.

The ADB says Ghosh has forecast economic growth of 5.4 per cent by the year 2005 for the ASEAN region. While high growth is expected to Vietnam and Thai country, for the rest, it is likely to hover in the range of 4.5-5.5 percent.

Mr. Ghosh told Business Line that some ASEAN countries have made enormous progress on industrial and technological development, particularly in areas such as ceramics, glass and glassware, plywood and wood and rubber . The main products Capexil region of ASEAN are minerals, rocks, tires, glass, paper, electrodes, books and rubber products.

Requested the Council support programmes in the region, “said Ghosh including participation in trade fairs in Vietnam and Australia (Design Build in Melbourne, Australia), next to the buyer-seller meets in India and the ASEAN countries.

Oil and Natural Gas Corporation (ONGC) has concluded an agreement with the Indian Institute of Foreign Trade (IIFT), in which the staff of the ONGC be subjected to study MBA at IIFT Super Unnati Prayas regime.

ONGC send their employees IIFT for a full-time, 18 months of the MBA program with a specialization in international affairs. The company is also the transfer of employees, have their headquarters in New Delhi to study residential students at the Institute. The objective of the regulation is to update the knowledge base of the ONGC leaders. IIFT out specific written tests ONGC leaders of five centres across India.

Twenty employees were selected for the course. The course is in line with the needs of the ONGC. Issues such as logistics of international trade, World Trade Organisation (WTO) and issues related to WTO, international trade policies, Managing Global Sourcing, international business strategy, standards and ethics are underway .

The Indian government must be their policy so that foreign direct investment up to 24 percent in small and medium-sized enterprises (SMEs), while ensuring better credit facility financing and technology for global competitiveness, industry experts said Wednesday.

Direct benefits of FDI have not durchdrang on SMEs “, Prabir Sengupta, director of the Indian Institute of Foreign Trade, said in a Workshop on Technology Financing for SMEs.

He proposed a revision of the current political DI-including the provision of foreign equity up to 24 per cent for SMEs.

Opening a workshop, Sengupta said the SME sector was important for the economy, because about one third of total Indian exports and 7.0 percent of GDP.

Draw the challenges of the industry, which accounts for 95 per cent of industrial units and employs more than 17.8 million people, Sengupta said small businesses should be cheap loans instead of grants.

In an era of globalization techno-brands to the internationalization of technology and the globalization of the economy, Sengupta said the training system must also be the development of the industry. In his speech, Senior Adviser Confederation of Indian Industries, YS Rajan, said while it is important for SME units-specific skills, they must also think globally and work on the world market.

Rajan, co-author of “India 2020 - A vision for the new millennium” with President APJ Abdul Kalam, said that the mere invention of a technology is not enough.

Similarly, it is important to say that technology in production and provide a delivery system, so it can be used, he said.

NEW DELHI, Jan 14 Asia Pulse - As part of efforts towards greater increase in trade, commerce aggressive Ministry is working on the conclusion of trade alliances with countries in the region of Asia South-East and some countries in Latin America.

Going by current indications, India is likely to ink agreements on preferential trade (ESP) with Latin American countries, Uruguay, Chile and the Mercusor group this year.

PTI officials of the ministry says that projects PTA with Uruguay had already exchanged, and it was still a formal signing by trade ministers for some time in February.

A PTA with Chile has also planned to be completed during a visit by a high-level delegation, Chile again this month.

In addition, the ministry was also working on a PTA with the Mercusor group - Argentina, Brazil, Paraguay and Uruguay.

In the meantime, ASEAN-India Economic Linkages Task Force, working on a draft agreement aimed at improving economic cooperation, also had its first meeting recently decided on a timetable for the conclusion of its report.

A source said the Task Force is probably now the presentation of its report in August this year the minister.

A joint study by the Indian Institute of Foreign Trade and the Malaysian Institute of Economic Research pointed out that ASEAN and India offer a large market with a total population of 1.48 billion human beings and, Therefore, there is great potential for enhancing trade and investment flows between the two.

After dumping taxes in the six IIMS, the HRD ministry has its eyes on other B-schools in the country.

The ministry is governed by the All India Council of Technical Education (AICTE) to follow the recommendations of the UR Rao Committee and the state fee committees, once their reports, Slash and costs of all schools B.

Among the prominent institutes, which is perhaps in the line of fire of the line Indian Institute of Foreign Trade (New Delhi), Jamnalal Bajaj Institute (Mumbai), Symbosis (Pune) and XLRI (Jamshedpur). There are over 600 institutions managing the AICTE, all may have to reduce their costs, less than Rs 40,000 per year, ministry officials sources said. Currently, fees range from 60000 to R RS 1.5 lakh.

The UR Rao Committee has already, with its recommendations, which were used by the ministry to justify its decision to reduce taxes on IIMS 80 per cent. A Ministry said government sources charges committees its recommendations to the AICTE within two months.

Oil and Gas Corporation (ONGC) has submitted a government proposal to increase paid up capital by ONGC Videsh of Rs 300 crore according to RS 500 crore.

ONGC Videsh is a subsidiary of ONGC, is investing in oil ventures abroad.

“The registered capital of ONGC Videsh is relatively low compared to debt on its balance sheet. The issue of debt-equity compared sometimes the way of smooth running of our business abroad. We also proposed that the authorized capital of ONGC Videsh, up to Rs 5000 crore, “Mr. Subir Raha, Chairman and Managing Director, ONGC, said the edge of the newspersons launch of the “super-Unnati Prayas programme for ONGC employees.

Under this programme, ONGC sends his career in the mid-leaders of the Indian Institute of Foreign Trade (IIFT) for an MBA 18-month residential program.

The program, under the direction of IIFT for ONGC workers should pay special attention on trade and international affairs.

For the first part, twenty leaders were selected from about 340 nominations received from ONGC employees.

Mr. Raha said ONGC and spend over Rs 25 crore per annum for the training of its leaders in management and engineering programs.

The company will also soon in a tie-up Management Development Institute to offer a general programme management of his career in the mid-leaders.

INDIA could leverage their cost-cum-competence of his great talent of a potential innovation of the race, which is not only the exchange would be made innovation, but also where R & D on the basis of innovation centres, which by Western societies, because scientists defined Dr. RA Mashelkar.

Time, the convocation address in the Indian Institute of Foreign Trade (IIFT), the Director General, Council of Scientific and Industrial Research (CSIR) and secretary of the Department of Scientific and Industrial Research, Dr Mashelkar said real and unique, India offers a genuine Global R & D platform has been enormous. He said, to the costs of R & D is the share in the developed world as a whole move of India’s R & D was last year, 5 billion, less than the budget for R & D Companies like Pfizer one.

The assertion of one dollar in India offers much more than anywhere else in the world with Indian world-class technical staff, 250 universities, 1500 units of R & D, several IITS and engineering colleges, said the Dr Mashelkar has been an extraordinary rich resource that has been insufficient within the space of the Indian R & D chance. ”

Dr Mashelkar was proud of indicating that National Chemical Laboratory (NCL) of CSIR has been a pioneer in benefits and recognition of the need to technoglobalism. The process of globalization of R & D NCL began in 1989 and today it has an impressive list of international clients such as DuPont, Dow and Eastman, ICI, General Electric, Cargill, and UOP.

He told NCL: “We believe always ask what the basis of competence, skills and technologies, we must build? Rather than the stereotype question of what products or processes that we need to develop and market? “This change in the strategy, he said, though released, what happens in” NCL important objective for many chemical companies through Today’s World “.

Dr Mashelkar did not share the idea that the real advantage of the expansion in India as a hub of innovation, which is characterized by foreigners rather than Indian companies. He cites a school of thought, prove that gradually reverse the brain drain. Given that India is a large site R & D in the world with the best companies are their biggest challenges of R & D in India - whether in preparing its new Intel chips or GE organization its last reactor manufacturer - it would normal Indian scientists stay here, to meet association and also satisfy his love for his children grow up in India.

He said that outsourcing to India, the objective of R & D as a place in several other areas. He cited the example of drugs and medicines, he said more and more emphasis on diseases for the poor - along with the overall development of social insurance funds say that there are still opportunities that India could become a target for the creation of global knowledge for global good by the overall funding.

He said that the challenge was, as we continue to tap the incredible dynamism of global R & D, so that the institutions and Indian companies might think, managing the creation of highly paid jobs and development of new industries.

This would require, he said, “a sustained commitment to investment in science and technology to strengthen research infrastructure, skills development and ways to quickly integrate new knowledge and technologies into products and the increasing access to sources of innovation, development of technology centres incentives and government, protection, including protection of intellectual property on science-based High-Tech-inventions.

MUMBAI, India — Rediff.com India Limited (Nasdaq: REDF), one of the leading worldwide online providers of news, information, communication, entertainment and shopping services for Indians, announced the appointment of Rashesh C. Shah as an Independent Director to its Board. Mr. Shah has also been appointed as a member of the Audit Committee.

Mr. Shah is currently CEO of Edelweiss Capital Limited. He also serves on the Boards of several Edelweiss subsidiaries and other companies. Edelweiss Capital is a leading financial services company based in Mumbai, India, whose businesses include investment banking, securities broking and investment management.

Mr. Ajit Balakrishnan, Chairman of the Board at Rediff.com India Limited said, “I am delighted to welcome Rashesh to the Board. He joins us with extensive experience and strong financial skills generated from his career in the financial services industry. His expertise will be of great benefit to the Board.”

Mr. Shah is an MBA graduate from the Indian Institute of Management, Ahmedabad, and holds a Bachelor’s degree in Science from the University of Bombay. He is also a Diploma holder in International Trade from the Indian Institute of Foreign Trade, New Delhi.

Unless the developed countries take the initiative for the resumption of WTO negotiations that recently collapsed, there was no immediate solution to the blockade by the issue of agricultural subsidies of the European Union Ministers of Commerce Kamal Nath said today.

He told journalists that India was interested to see that there is no gap in agriculture in developing countries because of subsidies by developed countries to their farmers.

Kamal Nath, was the inauguration of the new campus of the Indian Institute of Foreign Trade (IIFT), the first outside Delhi, said: “We are pleased us a WTO agreement, which contribute to India increased 10 percent to 11 percent, not four percent to five percent.

“It can not be a situation where developing countries, liberalization and the nation is subsidizing enlarged,” he said.

Kamal Nath said India wanted for a successful conclusion of the Doha Round and adds that the burden of proof is now in developed countries.

When it was reported that some advanced countries, that India was maintaining a tough situation, he said: “Let them say. I’m here to take care of the interests of India and other developing countries. “Kamal Nath said it was up to developed countries to come to the negotiating table with something.” We have to convince developed countries to continue discussions. It is up to them to find a solution, “he said.

The question across the country, exports to the first quarter of the current biennium, he said it has increased by over 20 per cent.

Earlier in his speech at the IIFT, India said it sought to export as an important means of creating jobs. “We do not need U.S. dollars. We are tired,” he said.

The citation of a study, he said that the current growth rate of exports, 21 million jobs are expected in the year 2010. Last year, exports have generated 1.4 million jobs.