What's new

Indian Economy-News & Updates

How is the plan?

  • Good

    Votes: 161 61.7%
  • Average

    Votes: 53 20.3%
  • Poor

    Votes: 47 18.0%

  • Total voters
    261
Data from 2010 .








You can make your own visualizations of trade between any two countries from this site The Observatory | Who exports Petroleum oils, crude? (2010)
 
.
Surprising the Pharma industry does not find a mention.

Yeh.. Its a surprise to me as well...

The total export for the fiascal 2011-12 was 47551 crore rupees which was nearly 4.2% of total national export. The main country for export was USA..

In Fiscal year of 2012-13 total export is 55,512 crore which is near to 11 billion US $.

This is a surprise to me being a Pharmacist..

The official reports confirms this..

http://pharmaceuticals.gov.in/annualreport2012.pdf

Regards
 
. .
Ahmedabad: Narendra Modi is the only Chief Minister from India to be invited to address the Google Big Tent Activate Summit 2013 on March 21 through Google+ hangout on the theme 'Technology in Politics'.

Before delivering the address, Mr Modi will be interacting with Eric Schmidt, Chairman of Google Inc. through Google+ Hangout, a state government release said on Tuesday.

Besides Schmidt, Alan Rusbridger, the Editor-in-Chief of British newspaper 'The Guardian' and Stephanie Cutter, who served as the Deputy Director in US President Barrack Obama's 2008 and 2012 campaigns, will also be participating in the summit.

Most Recent
Row over marines an issue between India and Italy, says US
Top French court rules sacking over veil 'discriminatory'
Also See
10:34
My definition of secularism is simple, India first, Narendra Modi tells overseas Indians
35:37
Wharton should have heard Narendra Modi after inviting him, says Shashi Tharoor
"Modi is the only CM from India to be invited to speak at the summit which focuses on the influence of web in shaping India's future, in areas of business and economics, politics and governance, culture and media, and education", the release said.

Big Tent summits are hosted by Google and they bring together the finest minds, political leaders, thinkers to talk about a variety of issues, the release said.

Such summits have been held across the world including in New York City, London, Berlin, Madrid, Nairobi, Moscow and Seoul.

Tech-savvy Narendra Modi, who has been active on social media, has around 13 lakh followers on the Twitter.

Earlier, for the first time in August 2012, the Gujarat chief minister had interacted with the people via Google Hangout.

Narendra Modi to address Google summit, only Chief Minister invited | NDTV.com
 
.
UK's BG set to strike $20 billion deal in India


By James Crabtree in Mumbai and Guy Chazan in London



BG Group is to unveil a 20-year contract worth as much as $20bn to provide liquefied natural gas to the fast-growing western Indian state of Gujarat.

In 2011 the FTSE 100 oil and gas company entered an initial agreement with Gujarat State Petroleum Corporation, a state-owned distributor, to explore supplying as much as 2.5m tonnes of LNG per year.

However, on Wednesday the UK group will sign a final deal confirming the full value of the arrangement and the date of its commencement, according to people familiar with the process.

Analysts said the deal could be worth $20bn, although its ultimate value depended on the fluctuating price of LNG.

The move is the first time the company has struck such a deal in India, adding to long-term supply contracts with other Asian customers, such as Tokyo Gas of Japan.

It also marks the latest stage in BG’s attempt to move its business away from the distribution of gas in emerging nations such as India and Brazil, and towards supplying LNG to domestic companies in these markets.

As part of this strategy, BG sold its majority stake in distribution group Gujarat Gas to GSPC for Rs24.6bn ($470m) in October. Last year it also sold its stake in Brazilian gas distributor Comgás for about $1.8bn.

BG declined to comment on the new deal but people familiar with the company said it had been keen to deepen its presence as a supplier of LNG in India.

The company expects India to be the third-largest global importer of LNG by 2025, after Japan and China, with annual demand rising to 50m tonnes – a sixfold increase from 2012.

Sir Frank Chapman, chief executive, described the group’s initial 2011 deal as “a landmark agreement for BG Group, establishing long-term LNG sales into one of the world’s largest and fastest growing energy markets”.

As well as selling LNG, BG is also emerging as a major global supplier of the fuel. Together with Statoil of Norway, it is moving ahead with plans to build a big LNG plant in Tanzania, where the two companies have both made big gas discoveries.

It is also building a big liquefied gas facility in Queensland, Australia, and was one of the first companies to sign a deal to buy LNG from Cheniere Energy’s Sabine Pass terminal in Louisiana, the first US project to receive a full LNG export permit. BG is now on track to beat its target of 30m tonnes per annum of contracted LNG volumes by 2020, up from 20 mtpa in 2015.

Indian imports are set to increase in part because domestic supplies are forecast to meet less than half of total demand by 2015, according to analysis by Boston Consulting Group.

“Many international companies are now looking at India, given they can get attractive prices in the market already, and tap into the country’s strongly growing demand in future too,” said Rahool Panandiker, a principal at BCG in Mumbai.

Although India’s is a less gas intensive economy than most other major developing nations, Gujarat has been a pioneer of both importing natural gas and providing it to companies and consumers in the state.

BG’s deal is set to coincide with a visit to the state by British Foreign Office minister Hugo Swire, part of attempts to rebuild links between the UK and the government of the business-friendly Indian state.

BG set to strike $20bn deal in India - FT.com
 
.
India to install 1300-1400 MW solar power in 2013


India is likely to see additional installation of 1300 MW to 1400 MW of solar power this year, clean energy consulting company Mercom Capital Group has said.

According to Mercom Capital Group, India installed 980 MW in 2012, slightly lower than the forecast of 1,090 MW.

"The difference was largely due to delays in Gujarat to commission 144.5 MW of PV projects. Moreover, most states missed their renewable portfolio obligations (RPO) goals as enforcement is almost non-existent," Mercom Capital Group CEO and Co-Founder Raj Prabhu said.

The cumulative installations to date in India currently stands at over 1,200 MW and going by the Mercom's projections, India is likely to install another 1,300-1,400 MW in 2013.

Indian solar installations have been driven by the Jawaharlal Nehru National Solar Mission (JNNSM) with a goal to install 20,000 MW of solar power by 2022,
and various state policies and state RPOs (renewable portfolio obligations).

The Ministry of New and Renewable Energy (MNRE) recently proposed a draft Phase II policy and opened it up for comments. Phase II would have a target of achieving 3,000 -9,000 MW of solar power through various batches as previously seen in Phase I.

Meanwhile, the global solar installation numbers for 2012 are likely to be in the 30-32 GW range, Mercom Capital said adding that "in 2013 solar installations would likely touch 34.5 GW."

Along with Germany, some of the markets that drove installation growth last year were Italy, China, France, Japan, United States, India, and the UK. Greece, Bulgaria, Belgium and Australia were also major contributors.

"Based on current forecasts it looks like the significant share of installations in 2013 will come from emerging solar markets like China, Japan and India," Prabhu said.

India to install 1300-1400 MW solar power in 2013 | Business Standard
 
.
We export 0.97% to russia and 0.92% to Pakistan, now that very annoying...

Trade with pakistan should go atleast 5 times, both nations will be benefited...
 
. .
Something is wrong with this report/article of not having included pharmaceuticals...


Exports of pharmaceuticals products from India increased from US$6.23 billion in 2006-07 to US$8.7 billion in 2008-09 a combined annual growth rate of 21.25%. According to PricewaterhouseCoopers (PWC) in 2010, India joined among the league of top 10 global pharmaceuticals markets in terms of sales by 2020 with value reaching US$50 billion. Some of the major pharmaceutical firms includ Ranbaxy,Cipla,Sun, Cadila Healthcare and Piramal Healthcare.

In 2002, over 20,000 registered drug manufacturers in India sold $9 billion worth of formulations and bulk drugs.

India

2012 Pharma export to Nigeria worth 307 Millions....

And this is just one country alone!
 
. .
. .
India is a net importer of Coal.

India export huge some of coal to ASIAN countries, majorly to Australia..

Something is wrong with this report/article of not having included pharmaceuticals...





India

2012 Pharma export to Nigeria worth 307 Millions....

And this is just one country alone!

India's Major export in Pharma products is to USA.
 
. .
Majority of exports are just raw materials. Pretty much similar to African countries.
 
.

Pakistan Defence Latest Posts

Back
Top Bottom