Search Results for: India

Keith Nuthall
THE EUROPEAN Union is facing growing opposition at the World Trade Organisation to its stance on geographical indications, where it refuses to grant protection to traditional regional names of drinks and food products from non-EU countries, unless their governments roughly copy Europe’s own rules.…

BY KEITH NUTHALL
THE NEWLY elected chairman of India’s Council for Leather Exports has given his country’s industry a target of exporting US$5 billion’s worth of leather goods by 2007. Shri S.S. Kumar said that his council had set a transitional target of US$3 billion exports by 2005, against the current level of US$2 billion.…

BY SWINEETHA DIAS WICKRAMANAYAKA
THE IRAQ war and related global instability forcing up oil prices have helped increase India’s oil import bill for the year to March to IND Rupees 840 billion (US$17.5 billion), said national oil minister Ram Naik. He added that the country had diversified its oil supply sources before the conflict, reversing a previous reliance on Kuwait.…

BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA has been cementing its good relations with an increasingly peaceful Sri Lanka by holding extra oil stocks for its island neighbour in case of shortages caused by the Iraq war. Meanwhile, Shell Gas Lanka Ltd has laid contingency plans to ensure an uninterrupted supply of LPGas to Sri Lanka.…

BY SWINEETHA DIAS WICKRAMANAYAKA
A NEW Delhi retailer has launched what it says is India’s first international perfumery gallery, devoting a whole floor of a store to scents from 40 designer brands. The Indian capital’s Kunchals is now selling lines from Gucci, Elizabeth Arden, Nina Ricci, Christian Dior, Escada, Cartier, Trussardi, Boss, La Praire, Benetton, Dunhill, Mont Blanc, Azzaro, Ferrari, Kenzo, Salvador Dali, Rochas, Lacoste, Nikos, Carlina Herrara, among others.…

Keith Nuthall
THE INDIAN government is threatening to impose trade penalties on the European Union, because of the latest WTO decision in the long running cotton-type bed linen dispute, where the organisation’s appellate body ruled that the EU had failed to impose anti-dumping duties fully in accordance with international law.…

BY KEITH NUTHALL
THE INDIAN government has been celebrating an unexpected victory in the long running bed linen dispute with the European Union, after a World Trade Organisation appellate body overturned a ruling that the EU had complied with an earlier order to review its anti-dumping duties on imports of the product from India.…

BY SWINEETHA DIAS WICKRAMANAYAKA
INDIAN landowners are preparing to exploit the liberalisation of the country’s sandalwood sector, with the Indian government giving up a right to own, cut and sell sandal trees dating back to the British Raj. In future, private sandal tree groves will feed a profitable market.…

BY ALAN OSBORN
THE EUROPEAN Commission is claiming partial victory in its dispute with India at the World Trade Organisation over the EU decision to impose anti-dumping duties on sales of Indian bed linen, despite Geneva’s declaration that Brussels had suffered a reversal at the hands of the WTO appellate body.…

Keith Nuthall
THE INDIAN government is considering scrapping its contract with international consultants KPMG over the leasing of its airports in Delhi, Chennai (Madras), Mumbai (Bombay) and Kolkata (Calcutta). Newspaper reports say India is concerned about the costs of the often-delayed project, having already paid INDRupees 30 million to KPMG, which has nonetheless been hitting its own deadlines for offering advice.…