A look at other markets by plastic exporters withdrawing US GSP arrangements

-

Mumbai, Ta. August 20, 2019, Monday

With the withdrawal of the Generalized System of Preferences (GSP) by the US in June this year, the country's plastic exporters are looking for new markets, including CIS countries, Africa and Latin America, so that their exports are not affected.

The perennial markets, including the United States and China, have their own challenges. Besides the ongoing trade war between them, there is a danger that the US will withdraw India's generalized system of preferences and the ongoing economic slowdown in China will reduce India's plastic exports to these countries.

About 6% of the country's total plastic exports are exported to perennial markets, including China and the United States. Although plastic is consumed in large quantities in CIS countries, Africa and Latin America, India's plastic exports to these markets are very low.

To increase the export of plastics to these countries, the amount of marketing has been increased from Rs 1 crore to Rs 5 crore.

India's plastic exports currently stands at $ 3 billion, with the Center guaranteeing the industry to solve its problems by more than double to $ 2 billion, a senior official at The Plastics Export Promotion Council said.

India imports up to 1 lakh tonnes of plastic scrap a year, of which 3% is used for the production of export range plastics.


Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se
Read more