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FOREIGN TRADE . EXPORTS . IMPORTS
www.thedollarbusiness.com Vol.3 Issue 01 January 2016 100 $2
2015 was a testing year for the global economy. Muted output and
trade growth, reduced capital flows, meltdown in commodities, conflicts and
currency devaluations – all of these have triggered fears of the next
global recession. Will 2016 be a year of ‘change for the better’?
WHAT 2016 WILL MEAN
FOR GLOBAL TRADE
Pearl
Gem of an idea!
A product whose lure has spared none –
neither the beauties, nor the businessmen
Sugar
A ‘sweet’ export idea
Slim margins call for volume
play in this commodity
SEZs
Time for a breather
Allowing DTAs to import goods from
SEZs at FTA rates will do good to all
ARE WE REGRESSING?
RAVI UPPAL
MD & Group CEO,
Jindal Steel & Power Ltd.
R. V. DESHPANDE
Minister of Industries & Tourism,
Government of Karnataka
HATEM TAGELDIN
Ambassador of Egypt to India
ARTHUR C. WHEATON
Director of Western NY Labour & Env.
Programs, Cornell University
ROHINI ACHARYA
Chief of Section – RTAs,
Trade Policies Review Division, WTO
...AND MORE!
EXCLUSIVE INSIDE
8 THE DOLLAR BUSINESS II JANUARY 2015
Volume: 3 Issue: 01 January 2016
www.thedollarbusiness.com
facebook.com/tdbIndia
twitter.com/TheDollarBiz
in.linkedin.com/in/thedollarbusiness/
The year gone by was a testing one for the
global economy. It was a calender marked with
slower-than-expected global output and trade
growth, meltdown in commodities, reduced
capital flows, currency devaluations etc. - all
of which triggered fears of the next global
recession. As the calender on our desktops get
replaced, The Dollar Business takes a look
at key elements and occurences that could
change the world trade in 2016.
President (VMPL) : Steven Philip Warner
& Editor-in-Chief
EDITORIAL & RESEARCH
Editor : Manish K. Pandey
Executive Editor : Indranil Das
Senior Editor : Satyapal Menon
Senior Editor (Online) : Himanshu Vatsa
Senior Assistant Editors : Sisir Kumar Pradhan,
Shivani (Vig) Kapoor
Assistant Editor : Neha Dewan, Ahmad Shariq Khan
Assistant Editor (Online) : D. Sai Nikesh
Principal Correspondent : Vanita Peter D'souza
Correspondents : Deepak Kumar, Aadhira Anandh M.
Jasleen Kaur, Aparna Singh
EDITORIAL CONSULTING BOARD
Founder & Editor : Anil Goyal
Publisher : Avnish Goyal
Chief Consulting Editor : Dr.A. K. Sengupta
Editorial Advisors : Dr. N.K. Goyal (CMAI),
Atul Kumar Saxena (IIA)
ADVERTISEMENT SALES & MARKETING
Vice-President : Aninda Mondal
Associate Vice-President : Dharmendra Jaiswal
Manager : Kamlesh Tripathi, Santosh Pandey,
Bhaskar Joshi, Pramveer Singh
Executive : Maleeha Mushtaq
InternationalRepresentatives
Seoul(SouthKorea) : Justin Yoon (+82-2-6241-4256)
London(UK) : S. Puri (+44 207 376 1996)
ART & PHOTOGRAPHY
Art Director : Sujesh Kumar G.
Designer : Gopal Ganesh Reddy
Photographer : Dileep Kumar
THE DOLLAR BUSINESS ONLINE
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Boosa
Asst. Mgr. (Data & Metrics) : C. Dileep Reddy
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CIRCULATION, SUBSCRIPTION & DISTRIBUTION
General Manager : S. S. Sudesh
Manager - Subscription : M. Vinay Kumar
Assistant Managers : Sanjeev Jain, Buddhi Sagar Pandey,
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Senior Executive : K. Chandra Prakash
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HR, FINANCE & LOGISTICS
Sr. Manager – HR : Rasanpreet Kaur
Manager – Accounts : Parchuri Jhansi
Asstt. Manager : Helen Mary
Sr. Executives : Swati Sharma, Ganesh Alagonda
Associate : Raj Jarikote
PRINTER
Kala Jyothi Process Pvt. Ltd.,
1-1-60/5, RTC Cross Road, Musheerabad, Hyderabad,Telangana 500020, IN
PUBLISHED AT
5-2-198/4, Distillery Road, Ranigunj, Secunderabad, Telangana 500003, IN
FOR EDITORIAL/CONTENT
Email: editorial@thedollarbusiness.com
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FOR SUBSCRIPTION
Email: subscription@thedollarbusiness.com . 18001030385 (Toll free)
For queries / comments you can send us an SMS at +91-888-633-1947
© Copyright 2014
No part of this magazine may be reproduced in whole or in part without an ex-
pressed permission of the publisher. The information on this magazine is for
information purpose only. Manish K. Pandey, Editor, The Dollar Business, is re-
sponsible for the selection of news and content under PRB Act. Vimbri Media Pvt.
Ltd. assumes no liability or responsibility for any inaccurate, delayed or incomplete
information, or for any actions taken in reliance thereon. The information contained
about each individual, event or organisation has been provided by such individual,
event organisers or organisation without verification by us. All disputes are subject
to exclusive jurisdiction of competent courts and forums in Hyderabad, Telangana.
Printed and published by Avnish Goyal for Vimbri Media Pvt. Ltd. Published at
5-2-198/4, Distillery Road, Ranigunj, Secunderabad - 500 003, Telangana.
Printedat:KalaJyothiProcessPvt.Ltd.,1-1-60/5,RTCCrossRoads,Musheerabad,
Hyderabad - 500 020, Telangana.
COVER STORY26
WHAT 2016
WILL MEAN
FOR GLOBAL
TRADE?
WILL 2016 BE A
YEAR OF CHANGE FOR
THE BETTER?
JANUARY 2015 II THE DOLLAR BUSINESS 9
HATEM TAGELDIN
Ambassador of Egypt to
India, speaks about the
current state of affairs of
Indo-Egyptian ties
ARTHUR C.
WHEATON
Director of Western NY
Labour and Environment
programs at Cornell
University, on matters that
can impact 2016
22
MONOLOGUE
PEOPLE SPEAK
From Malcom Turnbull hoping
Canada approves TPP to Janet
Yellen’s views after Fed rate hike
GLOBAL TRADE
2015
Currency devaluations to signing of
TPP deal to US Fed rate hike and
Europe debt crisis & more...
INDIA TRADE
2015
From rupee depreciation to Bank
of Baroda scam to Foreign Policy
amendments and much more...
BESTSELLER
CULTURED PEARLS
Aesthetic beauty apart, these gems
of sea represent import item that
offer mind-boggling margins
NEXTGEN NEWSMAKER
KAMAL KHUSHLANI
Founder & MD, Mufti speaks
about his long-but-satisfying jour-
ney and how he looks forward to a
bigger and better future
SECRET INGREDIENT
SUGAR
Slim margins call for volume
play in this commodity
POLICY FOCUS
SEZ
Allowing DTAs to import goods
from SEZs at FTA rates will do
good to all
POLICY MONITOR
TEXPROCIL
The Chairman R. K. Dalmia ex-
plains the challenges & opportuni-
ties in the textile sector
SPOTLIGHT
EGYPT
This African nation continues to be
the centre of Eurafrasian trade
TDB FORUM
Questions about foreign trade that
hit our mail box in December and,
of course, their answers
DATE BOOK
Some trade shows you shouldn’t
miss out in India and abroad in
January and February
BODERLINE
Editor’s column
82 9412
100
84
14
8818
92
76
102
106
RAVI UPPAL
MD & Group CEO,
JSPL explains the present
predicament of Indian
steel industry
72
96
32
R. V. DESHPANDE
The Minister of Industries & Tourism,
Government of Karnataka talks about his agenda to
make Karnataka India’s industrial capital
26 THE DOLLAR BUSINESS II JANUARY 2016
BY THE DOLLAR BUSINESS TEAM WITH INPUTS FROM TDB INTELLIGENCE UNIT
COVER STORY WORLD TRADE 2016
WILL
MEAN
FOR
WHAT
GLOBAL
TRADE?
JANUARY 2016 II THE DOLLAR BUSINESS 27
BY THE DOLLAR BUSINESS TEAM WITH INPUTS FROM TDB INTELLIGENCE UNIT
The year gone by was a testing one for
the global economy. It was a calendar
marked with slower than expected global
output and trade growth, reduced capital
flows, meltdown in commodities, conflicts
across parts of the world and currency
devaluations – all of which have triggered
fears of the next global recession.And though
India fared better in this dull environment,
there is need to enact key policy proposals
(like the GST bill) this new year. As the
calendar on our desktops get replaced, hope
persists that factors affecting world trade
too will change for the better, with forecasts
indicating revival across domestic and world
economies. The Dollar Business takes a look
at key elements and occurrences that could
change world trade in 2016.
WILL 2016 BE A YEAR OF
CHANGE FOR THE
BETTER?
Subscribe to read the
full magazine

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The Dollar Business January 2016 Issue Preview

  • 1. FOREIGN TRADE . EXPORTS . IMPORTS www.thedollarbusiness.com Vol.3 Issue 01 January 2016 100 $2 2015 was a testing year for the global economy. Muted output and trade growth, reduced capital flows, meltdown in commodities, conflicts and currency devaluations – all of these have triggered fears of the next global recession. Will 2016 be a year of ‘change for the better’? WHAT 2016 WILL MEAN FOR GLOBAL TRADE Pearl Gem of an idea! A product whose lure has spared none – neither the beauties, nor the businessmen Sugar A ‘sweet’ export idea Slim margins call for volume play in this commodity SEZs Time for a breather Allowing DTAs to import goods from SEZs at FTA rates will do good to all ARE WE REGRESSING? RAVI UPPAL MD & Group CEO, Jindal Steel & Power Ltd. R. V. DESHPANDE Minister of Industries & Tourism, Government of Karnataka HATEM TAGELDIN Ambassador of Egypt to India ARTHUR C. WHEATON Director of Western NY Labour & Env. Programs, Cornell University ROHINI ACHARYA Chief of Section – RTAs, Trade Policies Review Division, WTO ...AND MORE! EXCLUSIVE INSIDE
  • 2. 8 THE DOLLAR BUSINESS II JANUARY 2015 Volume: 3 Issue: 01 January 2016 www.thedollarbusiness.com facebook.com/tdbIndia twitter.com/TheDollarBiz in.linkedin.com/in/thedollarbusiness/ The year gone by was a testing one for the global economy. It was a calender marked with slower-than-expected global output and trade growth, meltdown in commodities, reduced capital flows, currency devaluations etc. - all of which triggered fears of the next global recession. As the calender on our desktops get replaced, The Dollar Business takes a look at key elements and occurences that could change the world trade in 2016. President (VMPL) : Steven Philip Warner & Editor-in-Chief EDITORIAL & RESEARCH Editor : Manish K. Pandey Executive Editor : Indranil Das Senior Editor : Satyapal Menon Senior Editor (Online) : Himanshu Vatsa Senior Assistant Editors : Sisir Kumar Pradhan, Shivani (Vig) Kapoor Assistant Editor : Neha Dewan, Ahmad Shariq Khan Assistant Editor (Online) : D. Sai Nikesh Principal Correspondent : Vanita Peter D'souza Correspondents : Deepak Kumar, Aadhira Anandh M. Jasleen Kaur, Aparna Singh EDITORIAL CONSULTING BOARD Founder & Editor : Anil Goyal Publisher : Avnish Goyal Chief Consulting Editor : Dr.A. K. Sengupta Editorial Advisors : Dr. N.K. Goyal (CMAI), Atul Kumar Saxena (IIA) ADVERTISEMENT SALES & MARKETING Vice-President : Aninda Mondal Associate Vice-President : Dharmendra Jaiswal Manager : Kamlesh Tripathi, Santosh Pandey, Bhaskar Joshi, Pramveer Singh Executive : Maleeha Mushtaq InternationalRepresentatives Seoul(SouthKorea) : Justin Yoon (+82-2-6241-4256) London(UK) : S. Puri (+44 207 376 1996) ART & PHOTOGRAPHY Art Director : Sujesh Kumar G. Designer : Gopal Ganesh Reddy Photographer : Dileep Kumar THE DOLLAR BUSINESS ONLINE Sr. Web Developer : P. Surendra Babu SEO Specialists : Praveen Kukunarapu, Venkata Rao Boosa Asst. Mgr. (Data & Metrics) : C. 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Ltd., 1-1-60/5, RTC Cross Road, Musheerabad, Hyderabad,Telangana 500020, IN PUBLISHED AT 5-2-198/4, Distillery Road, Ranigunj, Secunderabad, Telangana 500003, IN FOR EDITORIAL/CONTENT Email: editorial@thedollarbusiness.com FOR ADVERTISEMENT Email: ads@thedollarbusiness.com FOR SUBSCRIPTION Email: subscription@thedollarbusiness.com . 18001030385 (Toll free) For queries / comments you can send us an SMS at +91-888-633-1947 © Copyright 2014 No part of this magazine may be reproduced in whole or in part without an ex- pressed permission of the publisher. The information on this magazine is for information purpose only. Manish K. Pandey, Editor, The Dollar Business, is re- sponsible for the selection of news and content under PRB Act. Vimbri Media Pvt. Ltd. assumes no liability or responsibility for any inaccurate, delayed or incomplete information, or for any actions taken in reliance thereon. The information contained about each individual, event or organisation has been provided by such individual, event organisers or organisation without verification by us. All disputes are subject to exclusive jurisdiction of competent courts and forums in Hyderabad, Telangana. Printed and published by Avnish Goyal for Vimbri Media Pvt. Ltd. Published at 5-2-198/4, Distillery Road, Ranigunj, Secunderabad - 500 003, Telangana. Printedat:KalaJyothiProcessPvt.Ltd.,1-1-60/5,RTCCrossRoads,Musheerabad, Hyderabad - 500 020, Telangana. COVER STORY26 WHAT 2016 WILL MEAN FOR GLOBAL TRADE? WILL 2016 BE A YEAR OF CHANGE FOR THE BETTER? JANUARY 2015 II THE DOLLAR BUSINESS 9 HATEM TAGELDIN Ambassador of Egypt to India, speaks about the current state of affairs of Indo-Egyptian ties ARTHUR C. WHEATON Director of Western NY Labour and Environment programs at Cornell University, on matters that can impact 2016 22 MONOLOGUE PEOPLE SPEAK From Malcom Turnbull hoping Canada approves TPP to Janet Yellen’s views after Fed rate hike GLOBAL TRADE 2015 Currency devaluations to signing of TPP deal to US Fed rate hike and Europe debt crisis & more... INDIA TRADE 2015 From rupee depreciation to Bank of Baroda scam to Foreign Policy amendments and much more... BESTSELLER CULTURED PEARLS Aesthetic beauty apart, these gems of sea represent import item that offer mind-boggling margins NEXTGEN NEWSMAKER KAMAL KHUSHLANI Founder & MD, Mufti speaks about his long-but-satisfying jour- ney and how he looks forward to a bigger and better future SECRET INGREDIENT SUGAR Slim margins call for volume play in this commodity POLICY FOCUS SEZ Allowing DTAs to import goods from SEZs at FTA rates will do good to all POLICY MONITOR TEXPROCIL The Chairman R. K. Dalmia ex- plains the challenges & opportuni- ties in the textile sector SPOTLIGHT EGYPT This African nation continues to be the centre of Eurafrasian trade TDB FORUM Questions about foreign trade that hit our mail box in December and, of course, their answers DATE BOOK Some trade shows you shouldn’t miss out in India and abroad in January and February BODERLINE Editor’s column 82 9412 100 84 14 8818 92 76 102 106 RAVI UPPAL MD & Group CEO, JSPL explains the present predicament of Indian steel industry 72 96 32 R. V. DESHPANDE The Minister of Industries & Tourism, Government of Karnataka talks about his agenda to make Karnataka India’s industrial capital
  • 3. 26 THE DOLLAR BUSINESS II JANUARY 2016 BY THE DOLLAR BUSINESS TEAM WITH INPUTS FROM TDB INTELLIGENCE UNIT COVER STORY WORLD TRADE 2016 WILL MEAN FOR WHAT GLOBAL TRADE? JANUARY 2016 II THE DOLLAR BUSINESS 27 BY THE DOLLAR BUSINESS TEAM WITH INPUTS FROM TDB INTELLIGENCE UNIT The year gone by was a testing one for the global economy. It was a calendar marked with slower than expected global output and trade growth, reduced capital flows, meltdown in commodities, conflicts across parts of the world and currency devaluations – all of which have triggered fears of the next global recession.And though India fared better in this dull environment, there is need to enact key policy proposals (like the GST bill) this new year. As the calendar on our desktops get replaced, hope persists that factors affecting world trade too will change for the better, with forecasts indicating revival across domestic and world economies. The Dollar Business takes a look at key elements and occurrences that could change world trade in 2016. WILL 2016 BE A YEAR OF CHANGE FOR THE BETTER?
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