PR Resource – Muarateweh.net

The appreciating rupee and the slowdown in exports in the last few months is making the $125 billion export target a little tough to achieve. With exports logging under 8% growth during February, the task of achieving the target requires a significant jump in March, the closing month of the financial year.

According to official data released on Monday, exports during February 2007 were estimated at $9.7 billion, compared with almost $9 billion during the corresponding period in 2006. The slowdown in exports has pulled down the overall growth rate from as high as 25% till a few months ago to 19.3% during the 11-month period ended February 2007.

The rupee appreciation and the fall in international crude prices also resulted in India’s oil import bill falling after months of high growth. A commerce ministry release estimated oil imports at $4.06 (continue reading…)

The volume of Belarusian oil products export in January-February 2007 decreased by 32.8% as compared to the same period of 2006 and totaled USD 720 million, the BelaPAN was informed at the ministry for statistics and analysis. Meanwhile, the material volume of oil products export decreased by 29.8% and comprised 1.8 million tons.

Oil products export to the distant foreign countries also decreased by 31.2% and comprised 1.7 million tons to the amount of USD 656 million (continue reading…)

The permits issued for coffee exports during the fiscal year 2006-07 has registered a growth of 26% year-on-year. According to the provisional figures available with the Coffee Board as on March 27, the board issued permits to export 2,55,421 tonne of coffee, up from 2,02,879 tonne during the last fiscal.

Of the total permits issued, exporters shipped 2,16,995 tonne, up 10% from 1,98,076 tonne a year ago. The foreign exchange inflow through coffee exports increased to Rs 1,729.63 crore, up 17% from Rs 1,482.96 crore during the same period in the previous fiscal. The value for the Indian coffee also witnessed phenomenal increase during the fiscal following rising demand in the international markets. The unit value for the period surged by 6% to Rs 79,708 per tonne from Rs 74,868 per tonne a year ago. (continue reading…)

It is now a growing debate whether industrial units are serious about controlling pollution in the city. The deadline for registration of electroplating units with the Special Purpose Vehicle (SPV) formed to run the common effluent treatment plant (CETP) ended on March 31. But of the nearly 530 units, only 70 have registered for the treatment of effluents.

It is common knowledge that electroplating units are highly polluting industries. Talking to Newsline, Joginder Kumar, CEO of the Special Purpose Vehicle, said, “Those industrialists who have not yet registered with us can register even now, by paying Rs 2,500 registration fee as against Rs 2,000 charged earlier. Registration is essential, and later all units can get their effluents treated at the effluent treatment plant to be run by the SPV.” (continue reading…)

Today, the Department of State designated Iran’s Defense Industries Organization (DIO) under Executive Order (E.O.) 13382 for engaging in activities that have materially contributed to the development of Iran’s nuclear and missile programs. E.O. 13382 is an authority aimed at freezing the assets of proliferators of weapons of mass destruction (WMD) and their supporters.

This action is the latest step taken by the United States to implement United Nations Security Council Resolution (UNSCR) 1737, which requires UN Member States to prevent support to Iran’s nuclear and missile programs and specifically requires states to freeze the assets of named entities and individuals associated with Iran’s nuclear and missile programs, as well as the assets of entities owned or controlled by them. DIO is one of seven nuclear-related entities listed in the (continue reading…)

Vietnam’s woodwork turnovers gained a year-on-year rise of 25 percent in the first quarter of this year, reaching 584 million U.S. dollars, according to the country’s Wood and Forest Products Processing Association on Monday. Vietnam is estimated to reap woodwork export turnovers of 2.2 billion dollars this year, up 15.8 percent against last year.

Besides such key markets as the European Union, the United States, Japan and China’s Taiwan, woodwork firms in Vietnam are intensifying exportation of their products, including tables, chairs, beds and wardrobes, to potential markets such as Canada, Russia and East Europe, and seeking more material suppliers.

The woodwork firms should establish material wholesale markets in the northern, central and (continue reading…)

A Chinese company accused by the U.S. of supplying a contaminated ingredient for pet food that allegedly killed cats and dogs said Monday it was investigating the claims. Xuzhou Anying Biologic Technology Development Company Ltd. was named in a notice issued by the U.S. Food and Drug Administration as the source of wheat gluten containing a chemical found in plastics and pesticides.

Geng Xiujuan, Xuzhou Anying’s sales manager, said the company was aware of the notice and was looking into the accusation that large concentrations of melamine had been found in its wheat gluten, a protein source used as an ingredient in the pet food. However, Geng said the company based in the eastern province of Jiangsu had not manufactured the gluten but had (continue reading…)