India has much to gain by innovating and adopting the best practices in the logistics and warehousing industry, said Ajay Shankar, secretary of the Ministry of Commerce and Industry. Shankar said bringing down the current logistics cost of 13 percent of the GDP to a globally competitive 8 percent would provide a major business opportunity for the industry, according to the SME Times. голова болит секс

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A European Union organization that regulates chemicals entering the EU may present a serious challenge to the Indian textile and apparel sector. The industry must take steps to meet REACH regulations by providing European buyers information about hazardous substances used in the manufacture of textiles and apparel. Currently suppliers have to make sure products are free of the 15 Substances of Very High Concern (SVHC) included on the REACH authorization list, said the SME Times.

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India showed a decline of 8.19 percent in U.S. dollars for textile and clothing exports, according to provisional data from the Directorate General of Commercial Intelligence and Statistics. The Indian government instituted two stimulus packages to help the sector in December 2008 and January 2009. Imports of clothing and textiles to the U.S. from the top five trade countries have gone down from January to April 2009. Only imports from Vietnam have shown an increase. лесбиянки порно видео

The world’s wealthiest and most industrialized countries (G8) joined hands with the emerging economies (G5) to reject protectionist measures in trade and investment. The declaration will be followed by negotiations and exploration of possible modes of direct engagement within the World Trade Organization (WTO), according to the SME Times.

Besides the G8 acceding to the G5 demands for strengthening financial regulation and institutional reforms, the groups agreed to reach a balanced conclusion to the Doha Development Round by 2010.

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India and South Korea agreed upon a comprehensive economic trade agreement that will open the way for duty-free trade between the two countries. The pact is expected to be signed in August.

The pact covers six areas including trade in goods and services, trade facilitation and dispute settlement, said the Economic Times of India.

The agreement, when formalized, will open the Korean market to Indian trade and promote the interests of investors from both countries.

The ambassador of Paraguay sent out a message encouraging Indian small businesses to explore opportunities in Paraguay. With the signing of the Preferential Trade Agreement (PTA) newer markets have opened up for both countries and their businesses, Ambassador Genaro Vicente Pappalardo told the SME Times.

The Federation of Indian Export Organizations (FIEO) President, A Sakthivel, expressed concern that while bank loans have risen, the overall credit flow is slow in coming to MSMEs.

Banks are freeing up credit for mortgages and consumer loans, but less so for industry and MSME export sector, said Sakthivel. He said that banks must provide more credit to MSMEs to encourage the business environment.

The Indian small scale industry (SSI) export share has declined since 2003-04,according to a study by the Institute of Small Enterprises and Development.according to a study by the Institute of Small Enterprises and Development. The SSI share in overall exports has been approximately 34 percent since 1991. The study underlined the need for a special relief package for SSI exporters.

Engineering goods, chemicals and allied products, woolen garments and knitwear exports increased, while other sectors like basic chemicals and pharmaceuticals, finished leather and leather products and rayon products witnessed a decline in export shares.

Micro and Small enterprises (MSEs) can receive 75 percent financial assistance (up to Rs 18,750) from the government to update or enhance their use of global standard bar coding. The Ministry of Micro, Small & Medium Enterprises (DC-MSME) is providing the assistance to increase MSEs global competitiveness.

MSEs with an entrepreneur memorandum acknowledgment number from the Directorate of Industries or District Industries Centers and a registration with GS1 India for bar coding are eligible to apply, Madhav Lal told the SME Times.

Bar coding benefits businesses by offering product information that can simplify supply chain logistics and help increase quality assurance through product traceability.

Details about the program and registration forms are available on the websites…

www.smallindustryindia.com

www.laghu-udyog.com/

www.dcmsme.gov.in

…and GS1 India’s website www.gs1india.org

The Apparel Export Promotion Council (AEPC) is exploring possibilities to further encourage the export of Indian apparel to Spain, Rakesh Vaid, Chairman of AEPC, told the SME Times.

The group is organizing two buyer-seller meets in September and October in Barcelona on Sept. 28 and 29 and in Madrid on Oct. 1 and 2.

During 2007-08, garment imports to Spain from India generated around $350 million.

The most popular items include T-shirts, baby clothing, ladies’ suits, jackets, dresses and shawls,
Vaid told the SME Times.