1 Export Prospects of Agarbattis from India “A garbattis” also known as “Incense Sticks” are made from aromatic plants and essential oils extracted from plants or animal sources. When lightened‚ they release fragrant smoke which is used in religious activities‚ prayers‚ therapeutic and aesthetic purposes. These have been used since times immemorial as an integral part of Hindu deity worship In India. There are about 10‚000 agarbatti manufacturing units in the country including tiny
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INTRODUCTION Export incentives Devices used by countries to encourage exports. These can include tax incentives for exporters‚ allowing them exemptions from the normal provisions of anti-monopoly legislation‚ preferential access to capital markets‚ priority Developing countries have started manufacturing industries only recently. As a result‚ their cost of production generally tends to be high because of the following reasons: Total market availability within the country is small with the result
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Macro-Economics Essay Using the data and your economic knowledge‚ assess the importance of an increase in exports for achieving an improvement in the performance of the UK economy. (25 marks) To assess the impact of an increase in exports for achieving an improvement in the performance of the UK economy‚ we must first define the macroeconomic indicators‚ which are factors the government use in assessing the performance of the current economy. These are‚ prices and inflation‚ employment and unemployment
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Export Sector in India The export sector of Indian economy made comprehensive progress over the last decade. The exponential growth of the export sector of Indian economy can be attributed to the liberal Government of India economic policy. Indian exports have an ambitious target of US 160 billion in 2007-08. The achievement came to the Indian exports in the last fiscal despite the odds against the exports‚ minimizing the gains. In the first two months of 2007-08 exports grew by 20.3%‚ which was
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Chapter THIRTEEN Export and Import Strategies Objectives • To introduce the ideas of export and import • To identify the elements of export and exporting strategies • To compare direct and indirect selling of exporting • To identify the elements of import and import strategies • To discuss the types and roles of third-party intermediaries in exporting • To discuss the role of countertrade in international business Chapter Overview The first part of Chapter Thirteen is devoted to
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Background Developed countries such as South Korea‚ Taiwan‚ Hong Kong‚ and Singapore rely on their commodity export as their main economy boosters. Even when the economy situation goes bad‚ these countries still can achieve surplus trade balance. Boosting economy through commodity export‚ like what Japan has done‚ has become popular among developing countries like Indonesia. As an archipelagic country‚ Indonesia has infinite fishery potential. It is because Indonesia area is dominated by watery/
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The main objectives of export trade are as follows: (i) To sell surplus goods: A country may produce a commodity in such quantities that are more than its needs. The country can sell its surplus output to foreign countries. In this way export trade is undertaken to make fruitful use of surplus goods. (ii) To make better utilisation of resources: Export trade widens the market for goods. A country can make better utilisation of its resources by producing goods on a large scale both for domestic
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the world with an annual production of about 800 Million Kgs. Of the different types grown‚ flue-cured tobacco‚ country tobacco‚ burley‚ bidi‚ rustica and chewing tobacco are considered important. India stands 3rd in production of tobacco and in exports‚ Brazil and USA are ahead of India. Tobacco and tobacco products earn approx Rs.20‚000 Cr. to the national exchequer by way of excise duty‚ and approx.Rs.5000 Cr. by way of foreign exchange every year. Introduced by the Portuguese in the 17th century
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Credit and finance is the life and blood of any business whether domestic or international. It is more important in the case of export transactions due to the prevalence of novel non-price competitive techniques encountered by exporters in various nations to enlarge their share of world markets. The selling techniques are no longer confined to mere quality; price or delivery schedules of the products but are extended to payment terms offered by exporters. Liberal payment terms usually score over
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Procedure for Import and Export General Provisions Goods are imported in India or exported from India through sea‚ air or land. Goods can come through post parcel or as baggage with passengers. Procedures naturally vary depending on mode of import or export. Procedures discussed in this Chapter are applicable for imports by sea‚ air or land‚ but not as baggage or postal dispatch. COMPUTERISATION OF CUSTOMS WORK - Work of customs at Delhi airport has been computerized. Work at Mumbai port is also
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