CII: 25 per cent annual growth in India-Asean trad
Guwahati: According to the CII with the current 25 per cent annual growth in India-Asean trade, the Indian business community is expecting the volume of trade between the two regions to more than double in the next five years.

While currently the India-Asean trade stands at $12 billion, with the annual growth rate of 25 per cent CII expects to acheive the $30 billion mark by 2009.

The trade currently is in favour of Asean.

On the prospective target areas for trade with the region, the CII says that it is concentrating on three major areas. The target areas are investment from countries like Singapore, Thailand and Malaysia, giving a fillip to export in these countries, projection of small scale industries in poorer nations like Cambodia, Vietnam, Myanmar and Laos and also in providing a boost to tourism.
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Madhya Pradesh negotiates investments worth Rs.4,000 crore
New Delhi: The PHD Chamber of Commerce and Industry (PHDCCI) has said that investment proposals worth Rs4,000 crore were negotiated during a day-long `Madhya Pradesh Invest Meet.' The event was jointly organised by PHDCCI and Madhya Pradesh State Industrial Development Corporation in New Delhi.

Leading industrial groups, including the Oswals, Ranbaxy Laboratories, Eicher, Wipro, Hotline, LNJ Bhilwara and JK Industries, which already have their presence in Madhya Pradesh, shared their expansion plans in the State.

Inaugurating the meet, the Madhya Pradesh Chief Minister, Babulal Gaur, said the State was on the high growth trajectory with investment proposals worth Rs5,000 crore already in the pipeline.

The PHDCCI has identified food processing, textiles, automobiles and auto components, pharmaceuticals, information technology as thrust sectors
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Two-wheeler exports jump 41.3 per cent in April-Oct
New Delhi: Two-wheeler exports have jumped by 41.3 per cent in the April-October period this year.

Motorcycles exports increased by 42.45 per cent in the period to 1,44,169 units compared to 1,01,209 units in the same period last year.

Bajaj Auto was the biggest exporter at 65,309 units in the first seven months of the fiscal (41,565 units in the year-ago period) followed by Hero Honda at 32,286 units (19,934 units). Other important exporters were TVS Motor Company at 22,022 units and Yamaha at 19,657 units.

Scooter exports too rose by 38.77 per cent to 38,220 units (27,542 units in the year-ago period) largely due to plans by Honda Motorcycles and Scooter India (HMSI) to use India as an export hub for scooters. The player in the second place was LML Ltd with exports of 4,675 units in the period.

Mopeds have also seen its exports jump by 37.88 per cent in the first seven months of the current fiscal to 18,514 units (13,428 units in the year-ago period). Exports were largely driven by Majestic Auto, which sold in 15,138 units in overseas markets in the period.
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Jeans market to cross Rs.1,900 crore this year
New Delhi: The domestic jeanswear market is expected to cross Rs1,900 crore this year, with expected sales of over 43 million pairs of jeans.

Men make up the chunk of consumption at 76 per cent, followed by women at 17 per cent and kids accounting for the remaining seven per cent, according to a study by IMAGES-KSA Technopark.

As per the study, the market has grown 12.5 per cent in 2004-05 over the previous fiscal and the main drivers of this business are greater push in the premium jeans segment (priced at Rs1,000-2,000, growing at 25 per cent) and strengthening of the super premium range (priced at over Rs2,000).

The study shows the middle (priced at Rs500-1,000) and the economy ranges (Rs300-500) as continuing to grow at 15 per cent and 10 per cent respectively. Unlike the higher brackets, the under Rs300 segment however, still does not have a national brand with equitable distribution and mass branding.
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Study: IT constitutes 15.5 pc of total exports
New Delhi: Electronics, computer software and services exports accounted for 15.58 per cent of the overall exports from India during 2003-04, according to a study.

According to the Electronics and Computer Software Export Promotion Council (ESC), out of the total production of Rs1,17,150 crore of electronics and computer software and services in the country, 56.08 per cent was exported in 2003-04.

The electronics and computer software/services sector can be broadly segmented into software, IT enabled services, computer hardware, electronic components, consumer electronics and telecom equipment. The total export of all these items was estimated at Rs 65,700 crore. Of these, computer software and services contributed 88.28 per cent of the total exports in 2003-04, according to a council release.
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