The document provides an overview of Barbados and its economic relations with India. Barbados is an island country with a population of around 287,733. Its economy relies on tourism, sugar, and light manufacturing. Trade between India and Barbados has declined in recent years, with India mainly exporting garments, spices, rice and pharmaceuticals, and importing little from Barbados. Potential areas to increase trade include textiles, solar energy, medical supplies, and project exports in sectors like hospitality, IT, finance, and construction. The Indian diaspora in Barbados includes around 600 Sindhi families and 3,000 Gujarati Muslims involved in business.
Atradius Country Report - United States – April 2014Salih Yilmaz
Atradius country reports are designed to support you in trading safely abroad. Our overviews give you short, concise information on large Western economies´ economic performance and insolvency development and on main emerging markets´ current political and economical situation and outlook.
This presentation talks about the FDI inflow in Russia and the related political and social issues having an impact on the FDI.
I appreciate you leave a comment on the slideshow. You are free to use to use the information as long as you mention the source although I would not be able to share the originals with you since it is not under my ownership alone.
Worked as a small team to study, translate, and prepare a presentation on business culture in Costa Rica. Used library research tools (i.e. National Climate Data Center, A to Z World Culture, and Reference Universe) to generate and present proper second-hand data.
Atradius Country Report - United States – April 2014Salih Yilmaz
Atradius country reports are designed to support you in trading safely abroad. Our overviews give you short, concise information on large Western economies´ economic performance and insolvency development and on main emerging markets´ current political and economical situation and outlook.
This presentation talks about the FDI inflow in Russia and the related political and social issues having an impact on the FDI.
I appreciate you leave a comment on the slideshow. You are free to use to use the information as long as you mention the source although I would not be able to share the originals with you since it is not under my ownership alone.
Worked as a small team to study, translate, and prepare a presentation on business culture in Costa Rica. Used library research tools (i.e. National Climate Data Center, A to Z World Culture, and Reference Universe) to generate and present proper second-hand data.
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Foreign trade in India includes all imports and exports to and from India. At the level of Central Government it is administered by the Ministry of Commerce and Industry. Foreign trade accounted for 48.8% of India's GDP in 2018.
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
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Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
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2. Facts at a Glance
Official Name Barbados
Type of Government Parliamentary Democracy
Head of State Her Majesty Queen Elizabeth II
HM’s Representative: Governor General
The Hon’ble Sir Clifford Straughn
Husbands, GCMG, KA
Head of Government Prime Minister Mr. Fruendel STUART
Minister of Foreign Senator The Hon. Maxine McClean
Affairs and Foreign
Trade
3. Facts at a Glance
Area 431 sq km
Population 287,733 (July 2011 est.)
GDP $4.4 billion (2011 est.)
(At official Exchange Rate)
GDP (Real Growth Rate) 1.8% (2011 est.)
GDP (PPP) $6.528 billion (2011 est.)
GDP [Per Capita (PPP)] $23,600 (2011 est.)
Inflation Rate 9.1% ( 2011 est.)
Exchange rate Bd$ 2 = US$1(2008)
External Debt $1,123.5 million (2009 est.)
Major Industries: Tourism, Sugar, light
manufacturing, component
assembly for export.
4. Total Global Trade
(Latest available figures)
Marchandise exports: $467.4 million (2011 est.)
[f.o.b. (million US$)]
Marchandise imports:$1,601 million (2011 est.)
[c.i.f. (million US$)]
5. India Barbados Trade
Year 2007-08 2008-09 2009-10 2010-11
EXPORT 2.52 0.82 0.36 0.41
IMPORT 0.03 7.02 1.04 0.00
TOTAL 2.55 7.84 1.40 0.41
TRADE
% GROWTH -8.72 -78.71 -82.19 -70.39
All figures in US$ million
6. Composition of India Barbados
Bilateral Trade
Exports from India : Garments, spices,
Basmati Rice, other consumer
items, Pharmaceuticals.
Imports into India : Negligible
7. Potential growth areas for India’s
exports
•Textiles,
•furnishing fabrics,
•hotel supplies,
•solar energy power panels,
•plastic items,
•medical supplies.
8. Potential areas for Project Exports
from India
Hospitality industry - hotel supplies like bed sheets, terry
towels, curtains etc.
Management of hotels by Indian hotel chains.
ICT Sector – Indian BPO companies can have a base in
Barbados
Financial Sector - Offshore Financial Services
Computer education
Pharmaceuticals
Food Processing, molasses, alcohol, sugar technology,
spices and condiments.
Non-conventional Sources of Energy - Solar & Wind
Power,
Bagasse based Power Plants.
Construction Sector - Indian architects and construction
firms can tap the construction boom
9. Major Export Promotion & Trade
organizations
The Barbados Chamber of Commerce and Industry
1st Floor Nemwil House,
Collymore Rock,
St,. Michael,
Barbados, WI,
Website : http//www.bdscham.com
Tel. : (246) 426 2056/0747 or (246) 228-4205
Fax : (246) 429-2907
E-mail : bdscham@caribsurf.com
Executive Director, Ruall Harris
10. Indian Diaspora
About 150 Sindhi families (total 600) and
3,000 Gujarati Muslims from Surat. Over
150 other professionals including doctors,
engineers, software experts, hotel
employees, nurses, technicians etc.
Sindhis and Gujarati businessmen control a
substantial part of trading in Barbados. They
also own a large number of commercial
properties.
PIOs from UK and Trinidad also own
properties and hotels.
11. Honorary Consulate of India
Dr. PHILOMENA MOHINI-HARRIS,
Honorary Consulate of India
Lot 4
Warrens Healthcare Centre
Warrens
St.Michael
Tel. No. (246) 2710905
e-mail: hcindiabds@caribsurf.com
Open- Monday, Wednesday, Friday
Time: 9:00 AM to 12 Noon
