The Dollar Business Magazine - July 2017

In this issue

EXPORT FACTORING IN INDIA A BRIDGE TOO FAR?
Factoring as a tool of obtaining quick access to short-term export financing and mitigating risks related to payment delays and defaults by overseas buyers is gaining traction the world over. Countries like Brazil, China, Germany and Taiwan have leveraged factoring to grow their exports. Visit https://www.thedollarbusiness.com/subscription to #subscribe online

Export Factoring: A Bridge Too Far?

Factoring as a tool of obtaining quick access to short-term export financing and mitigating risks related to payment delays and defaults by overseas buyers is gaining traction the world over. Countries like Brazil, China, Germany and Taiwan have leveraged factoring to grow their exports. Despite the many advantages of factoring and a growing demand for exports credit among Indian MSMEs, factors like lack of awareness, a perception of high interest rates and cumbersome documentation processes, have prevented the growth of factoring services in India. To bring matters into perspective, less than a percentage point of India's exports are backed by factoring services. However, factors are optimistic about the future and are taking steps to raise awareness about their services amongst the Indian foreign trade community. Will factoring finally gain acceptance in India? The Dollar Business investigates the curious case of India's factoring industry.

10+ mins

A PTA Will Boost Bilateral Trade

Indo-Moroccan cultural and trade ties, which date back to the 14th century, have been witnessing significant growth over the last few years. The Dollar Business caught up with H.E. Mohamed Maliki, Ambassador of the Kingdom of Morocco to India, to understand what makes these two nations ideal trading partners and how they can further strengthen bilateral engagements to boost trade flows.

6 mins

Goa Certainly Needs To Market Itself Better 

Think about holidays and chances are high that you would be visualising the serene beaches of Goa, a holiday destination that is in the bucket list of all leisure travellers, foreign and domestic alike. The Dollar Business caught up with Manohar Azgaonkar, the newly appointed Minister for Tourism of Goa, to understand how his Ministry plans to make Goa a round-the-year tourist destination and increase forex earnings.

5 mins

From Afghanistan With Love

Asafoetida, or hing as it is popularly known, has been a darling of almost every Indian kitchen since ages. What's more? Its recently found use as a product of medicinal value is driving its demand higher. And since India does not produce enough asafoetida to meet domestic demand, its imports makes for a lucrative business proposition.

5 mins

The Quality Of Indian Exports Can Improve

Japan External Trade Organisation (JETRO), an independent agency recognised by the Ministry of Economy, Trade and Industry of Japan, has been promoting bilateral trade and investment between Japan and India since 1966. The Dollar Business caught up with Kazuya Nakajo, Chief Director General of JETRO India, to understand how JETRO is helping Japanese and Indian firms leverage each other’s strengths.

5 mins

We Make Things That Make India Proud

Larsen & Toubro Limited (L&T) is one true Indian multinational that serves customers in over 30 countries, across various industries. And still at the helm of its affairs is a man who has masterminded L&T’s transformation into a world-class conglomerate. A. M. Naik, Group Executive Chairman, L&T, speaks about what it takes to lead a multinational giant, designed to deliver engineering solutions globally.

7 mins

Of The Seas, With The Tide

India is unquestionably known for its exports of frozen shrimps and prawns. However, there is another category of seafood product that is fast gaining recognition the world over – cuttlefish and squid. This category is already contributing 5% to India’s total seafood exports basket. The Dollar Business measures the export potential of these sea-food items.

5 mins

Synthetic Jute From China Is Hurting Our Exports

Though India continues to be the largest producer and processor of natural jute in the world, very little seems to have changed for the industry participants over the last many decades. Manish Kajaria, Chairman, Jute Product Development and Export Promotion Council (JPDEPC), talks about the many challenges that the jute industry faces in the current times and what needs to be done to overcome them.

5 mins

We Will Surpass Our Export Target

Coconut Development Board (CDB) is one of the youngest export promotion councils in India. In a freewheeling interaction with The Dollar Business, Dr. Anand Kumar Singh, the Immediate Past Chairman of CDB, who now heads the Horticultural Science division of Indian Agricultural Research Institute (IARI), talks about the initiatives taken up by CDB to boost exports of coconut products.

5 mins

10 Ways To Boost Your Exports By Exploiting Online Marketplaces

Online marketplaces have been an absolute godsend for ex-porters in India and abroad. The new-age exporter no longer has to travel long hours in a cramped plane to meet prospective buyers and showcase his products. Nor does he have to spend precious dollars buying exhibition space in expensive trade fairs and carrying tonnes of samples and marketing collaterals, in the hope that business will materialise from the few genuinely interested buyers who turn up at the booth.

5 mins

Read all stories from The Dollar Business

The Dollar Business Magazine Description:

About The Dollar Business
The vision behind ‘The Dollar Business’ is to become the most desired destination of information on foreign trade in the country!
Description
The journey of The Dollar Business™ has wonderfully begun. It belongs to the house of Vimbri Media Pvt. Ltd., a media company headquartered in Hyderabad, India.
The Dollar Business™ is an India-based magazine for India-based exporters and importers – and the so-called, multinational giants – that believe in the magic of trade beyond borders. There are many business magazines in the country that claim to be ‘essential’ reads. They have many-a-claim to fame – usually without much reason or proof, like being number one in India across many dimensions. How uninteresting. The Dollar Business™ doesn’t claim to be number one. It’s the only one in India. And it doesn’t know many dimensions. Just one – global trade!
From an industry that records a turnover of close to 10 times of India’s GDP each year, there is much to be learnt. Actually, there much to earn too! The Dollar Business™ has a focused reach. We don’t cater to the everyday Toms who want to flip pages to catch a glimpse of Marilyn Monroe or read what a novice has heard through the grapevine about some business going bust. Our content isn’t priceless in that respect. Our readers desire serious information that either supports their case or gives them an understanding that can be priced. Our readers are either stakeholders in the business of export-import, or have a keen interest in what this industry has to offer. Like we say, we just know one dimension – global trade, and most definitely, all our readers have a serious interest in both our articles and the advertisers.
To cater to such a focused reader group, we don’t just do with everyday content creators and field reporters who know little about the vast subject of foreign trade. We have content specialists on board who have dealt with foreign trade as a platform for decades.
This expert editorial panel functions pan-India – from the financial capital of India (Mumbai) to the political capital (Delhi), from the Silicon Valley of India (Hyderabad) to the former capital of British India (Kolkata).
In fact, the next time you sit sipping Darjeeling tea, there is a chance that we actually would have a fat-glassed analyst roaming the sloped hills where tender apical tea shoots are being plucked.
His task – to make our reader something more than just a tea-sipper...perhaps to a tea exporter!