SUGAR SULK
Article Abstract:
The Government of India and the domestic sugar industry have failed to stem the increasing imports of sugar. Though the Government has raised the import duty on sugar to 15 percent from 5 percent, the traders are still importing huge quantities of sugar. The price difference of Rs35-40 per tonne between the local and the imported varieties is boosting the imports of sugar. Depreciation in the Brazilian currency and waiver of sales tax for exporters by Pakistan are also spurring sugar imports. There is also an increased demand for the imported variety of sugar. Sugar mills in India are now facing problems as the imported sugar is cheaper than domestic sugar. As on January 15, 1999, the import registration for sugar was 19.78 lakh tonnes, according to the Agriculture and Processed Food Export Development Authority. India imported 11.22 lakh tonnes of sugar during April-December 1998. (ag) (kvr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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SIEMENS TO SET UP VIDEO CONFERENCING NETWORK FOR AP
Article Abstract:
Siemens Ltd has won the contract to link up 26 locations for the Andhra Pradesh Video Conferencing Project. Andhra Pradesh Technology Services has placed the Rs5.4 crore order with Siemens Private Communications Systems Division for the supply, installation and commissioning of multi-part video conferencing equipment. The project is schedule to be completed by June 1999 and Siemens will provide maintenance and training during the two- year warranty period. The project involves connecting the chief minister's office with Vijaywada, Tirupati and 23 district collector's offices. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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