Economic News from India

High Commission of India

Dar es Salaam

26th May & 02nd June, 2014

Headlines

Key Economic Indicators

Forex Rates: 1US$ = `59.21
1 Euro = `80.56
(As on 02.06.2014)

* MACRO ECONOMIC REVIEW

-GDP growth
-Inflation
-External Sector and Trade

Forex Reserves: US $ 312.656 billion

(As on 23.05.2014)

* India's Tea Output Rises 8% in

2013-14

Coffee Exports
January-May

Up

9.32%

in

NIFTY
7,392.70 (As on 02.06.2014)
SENSEX 24,791.33 (As on 02.06.2014)
References:
`5.921 crores = US $ 1 Million (Approx)

* Marine Products Exports Up 42%

to USD 5 Billion in 2013-14

* Trade Enquiries from India

*

Duty Free Tariff Preference

Scheme (DFTP) of Government of
India

* Forthcoming Events
* Websites for Economic, Business
Opportunities
and
Information on India

* Snippets
00000000000

Foreign Trade

Social

For further details please contact:

High Commission of India
82 Kinondoni Road, Dar-es Salaam
P.O.Box 2684, Dar es Salaam.
Tel: +255-22-266-9047 / 2669040-2
Email: couns@hcindiatz.org;
comm@hcindiatz.org

MACRO ECONOMIC REVIEW

GDP growth: On real economy, GDP growth for 2013-14 is pegged at 4.9 per cent
which is line with other institutional estimates. Mean GDP growth for 2014-15 has
been projected to be 5.6 or 5.7 per cent by various agencies including IMF and
World Bank.
Inflation: The headline WPI inflation for April 2014 declined to 5.20 per cent from
5.70 per cent last month partly on account of base effect and decline in inflation in
vegetables and fuel. The WPI food inflation declined to 6.34 per cent in April 2014
from 7.09 per cent in March 2014 mainly on account of vegetables.
External Sector and Trade:
External trade statistics continued to show improvement in April 2014. Trade
deficit for April, 2014 was estimated at USD 10.09 billion which was lower than
the deficit of USD 17.67 billion during April, 2013.
Source: India Macro Newsletter, April, 2014

India's Tea Output Rises 8% in 2013-14, IST

India's tea production in 2013-14 increased by about 8 per cent to 1,224.48
million kg on account of higher output in Assam and West Bengal. Tea production
in 2012-13 was 1,135.07 million kg, according to Tea Board of India data. The
combined output of Assam and West Bengal rose 6.52 per cent to 980.01 million
kg in the previous financial year from 920.01 million kg a year earlier. Assam and
West Bengal are the major tea-producing states, accounting for 80 per cent of
India's total output. Tea production in the southern states of Tamil Nadu, Kerala
and Karnataka was up 13 per cent at 244.47 million kg.
http://economictimes.indiatimes.com/news/economy/agriculture/indias-teaoutput-rises-8-per-cent-to-1224-48-million-kg-in-201314/articleshow/35433020.cms

Coffee Exports Up 9.32% in January-May, IST

Coffee exports increased by 9.32 per cent in value terms at Rs 2,567 crore during
the January-May period this year on better realisation in view of firm global prices.
Coffee shipments from India, the world's fifth biggest exporter, stood at Rs
2,347.92 crore in the corresponding period last year. India exports coffee largely to
Italy, Germany, Belgium, Jordan, Turkey and Russia, among others.
http://economictimes.indiatimes.com/news/economy/foreign-trade/coffeeexports-up-9-32-per-cent-in-january-may/articleshow/35942622.cms

Marine Products Exports Up 42% to USD 5 Billion in 2013-14, IST

Marine products exports grew by 42 per cent year-on-year to USD 5 billion in
2013-14. In volume terms, the exports were 9.83 lakh tonne. Among marine
products, frozen shrimp continued to be the major export value item accounting
for 64.12 per cent of the total exports earnings. The country's exports stood at
USD 300.4 billion in 2012-13 and USD 307 billion in 2011-12.
http://economictimes.indiatimes.com/news/economy/foreign-trade/marineproducts-exports-up-42-per-cent-to-usd-5-bn-in-201314/articleshow/35783770.cms

Trade Enquiries from India

S/No
I

Company
(Mr. Anuapam Bhardwaj),
Chemi-Kleen (India) Pvt. Ltd,
New Delhi, India
Mob: +91
Email: anupambhardwaj@rediffmail.com

Enquiry
Looking for:
A joint venture partner for
cosmetics & toiletries products
from India.

[Manufacturers & exporters of cosmetics

& toiletries]
II

(Mr. Vineet Kanwar),

Kent RO Systems Ltd,
Noida 201 309, India
Mob: +91 931 2081 865
Email: vknwar@kent.co.in

Looking for:
Importers/distributors of Kent
water purifiers, white Goods,
sanitary ware, home appliances
and water purification systems.

III

(Mr. Yuvraj Amar Dhawle),

Krishna Belts Pvt. Ltd,
Dist-Chhindwara, (M.P), India
Mob: +91 9545 466 444
Email: export@krishnabelts.com

Looking for:
Importers of Rubber Conveyor
Belts.

IV

(Mr. Girish Agarwal),

Ratnagarbha Jewels
Jaipur-23, Rajasthan India
Email: support@ratnagarbha.com

Looking for:
Importers/dealers of precious &
semi precious stones and
jewelry.

(Dr. V. Mani),
M.D. Overseas Ltd
New Delhi-110001, India.
Mob: +91 9650966788
Email: drmani.v@mdoverseas.com

Looking
Exporters/suppliers
dore bars.

of

for:
gold

VI

(Mr. Arvind Senta)

D.K. Exim
India.
Mob: +91 94264 40321
Email: senta.arvind@gmail.com

Looking for:
Importers of agro- products,

VII

(Mr. Raghavendra Ghosarwadkar),

Power Engineering (India) Pvt Ltd,
Pernem, Goa - 403512, India
Mob: +91 9326642244
Email: raghavendra@paikane.com

Looking for: Importers

Dealers of wide range
electrical products.

VIII

(Juhi Agarwal)
Scan Holding Complex
New Delhi 110087, India.
Tel: +91 11 25279000
Email: scan@scanholdings.com

Looking for:
Importers of packaging
food products.

IX

(Mr. Ganesh Mannar)

KHODAY GROUP
Bangalore 560 009, India.
Mob: +91 98450 20570
Email: gansmb@gmail.com

Looking for:
Importers of liquors: Rum,
Brandy, Whisky & Vodka.

(Mr. Naveen Kabra)

Shrinath Enterprises
Jaipur 302006, Rajasthan, India.
Mob: +91 8233797555
Email: infoshrinath@gmail.com

Looking for:
Importers of agro products.

XI

(Mrs. Amisha Bhagat)

Kushal Chemicals
New Delhi 110034, India.
Mob: +91 9810058489
Email: amishabhagat3@gmail.com

Looking for:
Importers of chemicals.

XII

(Mr. Rahul Soni)

Soni polymers Pvt. Ltd
India.
Email: rahulsoni@soniofficemate.com

Looking for:
Importers
products.

(Mr. Harshit Shah)

AMTECH ELECTRONIC (I) LTD
Gandhinagar-382028,
Gujarat, India.
Mob: +91 9909973775
Email: exports@amtechelectronics.com

Looking for:
Importers of Variable Frequence
Drives, Soft Staters, Active
Harmonic
Filters,
Medium
voltage Drives etc.

XIII

of

/
of

and

stationery

XIV

(Mr. V. K. Mittal)
Rainbow Enterprises
Ahmedabad, India.
Mob: +91 9825051029
Email: rainbow.indialinks@gmail.com

Looking for:
Importers of spices-Garlic and
its products.

Duty Free Tariff Preference Scheme (DFTP) of Government of India

India announced the DFTP Scheme for Least Developed Countries (LDCs) in
the year 2008. The Scheme grants duty free access on about 85% of Indias total
tariff lines and preferential access (Positive List) on about 9% of tariff lines. Only
6% tariff lines are under the exclusion list. Duty Free and Positive Lists cover
about 92.5% of global exports of LDCs.
Tanzania was the first LDC in Africa to convey its intention to join DFTP in
June 2008. All formalities for the Scheme were completed and notified in 2009.
Details of the DFTP Scheme are available on the following links:
http://commerce.gov.in/trade/international_tpp_DFTP.pdf
and www.focusafrica.gov.in\DFTP_Scheme.html
For further information on the DFTP Scheme kindly contact:
Bileshi Ally Madenge
Marketing Assistant
High Commission of India
P.O. Box 2684, 82 Kinondoni Road,
Dar es Salaam, Tanzania
Tel: [255-22] 2669042
Fax: [255-22] 2669043/2669050
Email: comm@hcindiatz.org

Forthcoming Events
Government of Andhra Pradesh, the Federation of AP Chamber of
Commerce and Industry, and the Indus Foundation are organizing
Indo-Global Healthcare Summit & Expo 2014 on Innovations
and Advances. The Summit & Expo 2014 will be held at Taj
Krishna and Taj Decca (Taj Group of Hotels), Hyderabad, India
from June 20 to 22, 2014. Further details of the event including
the
registration
form
are
given
at
the
link:
http://www.indus.org/healthcare Tanzanian healthcare professionals, medical
institutions & Hospitals, medical equipment & pharmaceutical manufacturers are
highly encouraged to participate.

Two-Day Reverse Buyer-Seller Meet in Delhi for Leather Products

during 3rd and 4th July 2014 coinciding with the India
International Leather Fair (IILF), Delhi, July 3-5, 2014. The BSM
Event will have a participation of 30-35 Manufacturers / Exporters of
Leather Products displaying all types of Footwear, Leather Apparel,
Leather Goods & Accessories, Leather Gloves, etc. Tanzanian potential
buyers who are serious to source Footwear, Leather Apparel, Leather
Goods & Accessories and Leather Gloves from India are encouraged to participate.
For further details please contact:
R Ramesh Kumar, IAS

Executive Director,
Council for Leather Exports, India,
Email: baskar@cleindia.com Website: www.leatherindia.org

Websites for Economic, Business Opportunities and Social

Information on India
Federation of Indian Chambers of Commerce & Industry (FICCI):
http://www.ficci.com
Confederation of Indian Industry (CII): www.ciionline.org
Directory of Indian Suppliers (CII): www.indianindustry.com
Directorate General of Foreign Trade (DGFT): http://dgft.delhi.nic.in
India Trade Promotion Organization (ITPO):
www.indiatradefair.com ; http://www.tradeportalofindia.com
Innovative Technology in Manufacturing: www.itm-india.com
Indian Exporters Guide: www.indianexporters.com
Export Promotion Organizations:
http://tradeportalofindia.com/contentmgmt/Desktops2.html?compid=itpo&
itemcode=I051
Federation of Indian Export Organizations: http://www.fieo.org
National Small Industries Corporation [NSIC): http://www.nsic.co.in
6

Snippets
1. Sugar surplus to maintain export momentum
2. Improved Indo-Pak ties may help double trade from $3 billion
3. India showcases progress in IT, services sector at China fair
4. India among top 10 global markets for Australian business

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