Getting invited to a number of meetings and conferences, parties and other events is part and parcel of life as an entrepreneur. However, it might not be possible to attend all of the events that you get invited to. In case you decide not to attend a particular event, due to shortage of time or other factors, it is good etiquette to politely decline the invitation.
Food processing units in West Bengal’s Birbhum district are lagging behind due to unavailability of raw material and government support. There are over 170 micro units in the district, employing about 1000 people. These units largely manufacture jam and jelly products.
The metalware industry in the town of Behut, in Uttar Pradesh’s Saharanpur district, has failed to tap customers in the other parts of the country. It continues to remain a backward industry. The government needs to take some urgent measures to prevent it from decaying, according to manufacturers and traders.
The wooden mask industry based in Arunachal Pradesh's Tawang district is, sadly, fast disappearing. There are just about five such units currently operating in the city, according to a government spokesperson and industry veterans from Tawang.
The Pashmina shawl weaving industry in the Kashmir valley has almost disappeared, owing to the large-scale automated production of shawls in nearby Amritsar. Pashmina manufacturers and traders in Kashmir rue the fact that the Amritsari shawls have ruined their industry.
India's exports in July declined by 14.8 percent, according to data released in New Delhi on August 14. Exports stood at USD22.4 billion as compared to July 2011, when they were USD26.3 billion. India's trade deficit widened to USD15.5 billion for the month. July's trade deficit, arising from the excess of imports over exports, is significantly higher than the USD10.3 billion deficit reported in June 2012.
Most in India Inc. expect stagnancy or decline in their business activities in the July-September period due to high cost of borrowings, unfavourable macro-economic condition and the government's inability to push forward the reforms process, a survey revealed.
India's foreign exchange (forex) reserves grew by USD502.2 million to USD289.15 billion for the week ended August 3, 2012, the Reserve Bank of India's (RBI) data showed. The forex had increased by USD1.31 billion to USD288.64 billion for the week ended July 27, 2012. The forex had earlier risen by USD589 million to USD287.34 billion for the week ended July 20, 2012. However, the country's forex reserves had declined by USD872.7 million in the week ended July 13, 2012.
India's sugar output is likely to drop by one million tonne to 25 million tonnes in the marketing year beginning October 1 due to poor rainfall in key producing states, especially Maharashtra and Karnataka, the Indian Sugar Mills Association (ISMA) said. However, there will be enough stocks to meet domestic demand, ISMA said.
Tea production in the organised sector in declining in India due to ageing bushes and little investment and the country may have lost 50 million kg of tea in the past 10 years. At the same time, it is rising in small holdings which account for nearly 28 percent of the total tea cultivation area and 26 percent of the country's total production.