Search Results for: India
10 results out of 2304 results found for 'India'.
INDIA’S BISCUIT AND COOKIE SEGMENT GROWS FAST DURING COVID-19 PANDEMIC - EXPANSION PROJECTED TO CONTINUE
The size of India’s biscuit and cookie market, valued at USD4.7 billion in 2019 by GlobalData, registered a sudden expansion during the Covid-19 related lockdown, due to a sharp increase in at-home consumption. The industry is growing at a rate of 9.7% annually, according to figures released by GlobalData, with sales moving towards healthier premium categories, such as low sugar digestive biscuits.…
NEW AIRPORT OPENS NEW CHAPTER IN BAHRAIN AVIATION HISTORY
The Gulf kingdom of Bahrain is kicking off 2021 with the grand opening of its new airport passenger terminal, a 210,000 square metre (sqm) building that is four times the size of the existing facility. Following its official opening on January 28, the terminal will be capable of processing 130,000 air traffic movements a year, up from 95,500 in 2019, and will have a handling capacity of 4,700 bags an hour. …
INTERNATIONAL REGULATORY ROUND UP – EU/UK CONFECTIONERS MUST ABIDE BY COMPLEX ORIGIN RULES TO SECURE BREXIT DUTY FREE TRADE
BRITISH and European Union (EU) confectioners must take care to ensure their products meet new origin rules if they want them covered by the duty free goods provisions of the new EU/UK trade agreement struck on Christmas Eve.
The 1,256-page deal includes complex and comprehensive origin rules, such as for chocolate, which can be deemed made in the EU and Britain if all dairy, eggs and honey used are sourced locally, as well as at least 40% of grains, malt, starches and wheat, (which must also not exceed 30% of costs).…
ASIAN REGULATORY ROUND UP – INTEGRATED INDIAN PIGMENT AND RESIN PLANTS TO AVOID EIA ASSESSMENTS
NEW integrated paint manufacturing units in India with an annual production capacity of less than Indian Rupees INR500 million (USD6.6 million) will soon be exempt from securing prior environment clearance by the ministry of environment and forests (MoEF). This rule, covering plants with production facilities for resins and pigments, is expected to come into force early next year (2021) once the central government formalises and gazettes a new Environment Impact Assessment (EIA) Notification.…
CORRUPTION REMAINS A MAJOR PROBLEM IN ASIA, SURVEY FINDS
A new Transparency International (TI) survey has reported significant concern in 17 Asian countries (1) that corruption continues to be a problem or is getting worse, undermining equitable access to public services and trust in government. TI’s ‘Global Corruption Barometer – Asia’ (2) found 74% of the 20,000 people surveyed believe that government corruption is a major problem in their country, with 19% of citizens surveyed admitting to paying a bribe and 22% using personal connections when accessing public services in the previous year.…
SOUTH ASIAN CLOTHING MANUFACTURERS SHUTTER TIGRAY PLANTS BECAUSE OF ETHIOPIAN WAR - FLY STAFF HOME
INDIAN garment exporters with manufacturing units based in the war-ravaged Tigray region of Ethiopia are hoping for an early revival of operations and in the interim say they are finding alternate production centres to honour their supply commitments.
“We are making the products [that were to be supplied from Ethiopian] in our Indian factories,” Arul Saravanan, chief marketing officer of SCM Garments Pvt Ltd, in Tirupur, south India, told just-style.…
GOLD IS IDEAL LAUNDERING VEHICLE, BUT AML OVERSIGHT CONTROLS ARE TOO WEAK ARGUE CRITICS
The international gold trade is worth over USD6 trillion a year, according to the World Gold Council (WGC), but oversight of the supply chain is considered weak by many critics, relying on self-regulation, making it vulnerable to money laundering.
Gold remains scarce and hence valuable: from antiquity until 2019, just 197,576 tonnes has been mined – equivalent to a 21.7 metre cube, according to the World Gold Council.…
SRI LANKA CLOTHING SECTOR RECOVERY HIT BY SECOND COVID-19 WAVE
JUST when Sri Lanka was about to kickstart post-Covid-19 recovery of its critically important clothing sector, having managed the pandemic’s first wave with only 13 deaths, these plans have been sidelined by a deadly second wave of infections. And worse, cases have broken out among garment factory workers nationwide. …
PRICE VARIATIONS IN PAINT TRADES COULD MASK DIRTY MONEY FLOWS, COMMERCIAL DATABASE WARNS
THE INTERNATIONAL trade in paint and coatings products and ingredients contains significant variations in prices that some experts warn maybe too good to be true and could indicate that certain trade flows are being exploited by money launderers.
Such criminals seeking to move illicit proceeds from one country to another through artificial pricing – deliberate over- and under- invoicing.…
GUINEA-BISSAU: PUBLIC HIGHER EDUCATION WALKS A TIGHTROPE AMID SEVERAL ENDEMIC CRISES
The Amílcar Cabral University, the only public university in Guinea-Bissau, one of the world’s poorest and politically fragile countries, is looking to expand its educational services and attract more funds, trying to overturn past student dissatisfaction with its work.
After nine years leaning on a public–private partnership with the Lisbon, Portugal-based Lusófona University, the UAC (Universidade Amílcar Cabral in its Portuguese acronym), ended in 2013 after the government jeopardised the agreement.…