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FOREIGN TRADE . EXPORTS . IMPORTS
www.thedollarbusiness.com Vol.3 Issue 03 March 2016 100 $2
‘Cumin’ology: Science of exports
Syria’s and Turkey’s losses imply
India’s gains in exports of cumin
When business meets art
Hand-made paintings can yield
rich dividends for its importers
Niryat Bandhu Scheme
Is the scheme meeting expectations
of India’s foreign trade community?
Rendezvous
An exclusive conversation with
Narendra Singh Tomar,
Union Minister of Steel & Mines, GoI
...and more!
SPECIAL FEATURES
THE DOLLAR BUSINESS SPEAKS TO 40 REMARKABLE LEADING
LADIES OF INDIA’S FOREIGN TRADE ON THEIR STRUGGLES,
SECRETS, SUPPORT SYSTEMS AND SUCCESS STRATEGIES.
PRESENTING A FIRST-TIME EXCLUSIVE COVERAGE
HARSIMRAT KAUR BADAL, CABINET MINISTER, FOOD PROCESSING INDUSTRY, GoI I
RASHMI VERMA, SECRETARY, MINISTRY OF TEXTILES, GoI I KAVITA GUPTA, TEXTILE COMMISSIONER, GoI I
SHOBANA KAMINENI, VICE-CHAIRPERSON, APOLLO HOSPITALS I MONICA OSWAL, DIRECTOR, MONTE CARLO I
JAYANTI CHAUHAN, DIRECTOR, BISLERI I ANITA SANGHI, GLOBAL CFO & DIRECTOR, DELL SERVICES I
MEHER PUDUMJEE, CHAIRPERSON, THERMAX I MANMEET VOHRA, DIRECTOR–MARKETING, TATA STARBUCKS I
RAJNI BECTOR, FOUNDER, MRS. BECTOR’S FOOD I HUZAN MISTRY, CHIEF–BD (CURRENCY & DEBT MKTS.), NSE I
CHAYAA NANJAPPA, FOUNDER, NECTOR FRESH I DEVITA SARAF, CEO, VU TECHNOLOGIES, AND MANY MORE...
INTERVIEWS INSIDE:
8 THE DOLLAR BUSINESS II MARCH 2016
Volume: 3 Issue: 03 March 2016
www.thedollarbusiness.com
facebook.com/tdbIndia
twitter.com/TheDollarBiz
in.linkedin.com/in/thedollarbusiness/
President (VMPL) : Steven Philip Warner
& Editor-in-Chief
EDITORIAL & RESEARCH
Editor : Manish K. Pandey
Executive Editor : Indranil Das
Senior Editor : Satyapal Menon
Senior Editor (Online) : Himanshu Vatsa
Senior Assistant Editors : Sisir Kumar Pradhan,
Shivani (Vig) Kapoor
Assistant Editor : Neha Dewan, Ahmad Shariq Khan
Assistant Editor (Online) : D. Sai Nikesh
Principal Correspondent : Vanita Peter D'souza
Correspondents : Deepak Kumar, Aadhira Anandh M.
Jasleen Kaur, Manisha Choudhari
EDITORIAL CONSULTING BOARD
Founder & Editor : Anil Goyal
Publisher : Avnish Goyal
Chief Consulting Editor : Dr.A. K. Sengupta
Editorial Advisors : Dr. N.K. Goyal (CMAI),
Atul Kumar Saxena (IIA)
ADVERTISEMENT SALES & MARKETING
Vice-President : Aninda Mondal
Associate Vice-President : Dharmendra Jaiswal
Manager : Kamlesh Tripathi, Santosh Pandey,
Bhaskar Joshi, Pramveer Singh
Executive : Maleeha Mushtaq
InternationalRepresentatives
Seoul(SouthKorea) : Justin Yoon (+82-2-6241-4256)
London(UK) : S. Puri (+44 207 376 1996)
ART & PHOTOGRAPHY
Art Director : Sujesh Kumar G.
Senior Designer : Shaik. Masthan Vali
Designer : Gopal Ganesh Reddy
Photographer : Dileep Kumar
THE DOLLAR BUSINESS ONLINE
Sr. Web Developer : P. Surendra Babu
SEO Specialists : Praveen Kukunarapu,
Asst. Mgr. (Data & Metrics) : C. Dileep Reddy
Associates (Data & Metrics) : Dinesh Reddy, Bhanu Prasad
CIRCULATION, SUBSCRIPTION & DISTRIBUTION
General Manager : S. S. Sudesh
Manager - Subscription : M. Vinay Kumar
Assistant Managers : Sanjeev Jain, Buddhi Sagar Pandey,
Rajneesh Laroiya
Senior Executive : K. Chandra Prakash
Associate - Outreach : T. Swapna
HR, FINANCE & LOGISTICS
Sr. Manager – HR : Rasanpreet Kaur
Manager – Accounts : Parchuri Jhansi
Asstt. Manager : Helen Mary
Sr. Executives : Swati Sharma, Ganesh Alagonda
Associate : Inderkant Padampalle
PRINTER
Kala Jyothi Process Pvt. Ltd.,
1-1-60/5, RTC Cross Road, Musheerabad, Hyderabad, Telangana 500020, IN
PUBLISHED AT
5-2-198/4, Distillery Road, Ranigunj, Secunderabad, Telangana 500003, IN
FOR EDITORIAL/CONTENT
Email: editorial@thedollarbusiness.com
FOR ADVERTISEMENT
Email: ads@thedollarbusiness.com
FOR SUBSCRIPTION
Email: subscription@thedollarbusiness.com . +91-40-67609999
For queries / comments you can send us an SMS at +91-888-633-1947
© Copyright 2014
No part of this magazine may be reproduced in whole or in part without an ex-
pressed permission of the publisher. The information on this magazine is for
information purpose only. Manish K. Pandey, Editor, The Dollar Business, is re-
sponsible for the selection of news and content under PRB Act. Vimbri Media Pvt.
Ltd. assumes no liability or responsibility for any inaccurate, delayed or incomplete
information, or for any actions taken in reliance thereon. The information contained
about each individual, event or organisation has been provided by such individual,
event organisers or organisation without verification by us. All disputes are subject
to exclusive jurisdiction of competent courts and forums in Hyderabad, Telangana.
Printed and published by Avnish Goyal for Vimbri Media Pvt. Ltd. Published at
5-2-198/4, Distillery Road, Ranigunj, Secunderabad - 500 003, Telangana.
Printedat:KalaJyothiProcessPvt.Ltd.,1-1-60/5,RTCCrossRoads,Musheerabad,
Hyderabad - 500 020, Telangana.
COVER STORY34
The Dollar Business celebrates the
achievements of Indian women who are
transforming the world of foreign trade.
For them the sky is no limit, it’s just a
direction. Read through the stories.
Women’s
Special
Issue
MARCH 2016 II THE DOLLAR BUSINESS 9
NARENDRA SINGH
TOMAR
UNION MINISTER OF STEEL &
MINES, GOVT. OF INDIA
TDB caught up with the Minister to
figure out how he plans to bring the
beleaguered sector back on track.
MONOLOGUE
PEOPLE SPEAK
From Narendra Modi’s vision for
the economy to Hassan Rouhani’s
path towards economic revival
GLOBAL TRADE
China’s connection to Iran, US
leaving a sour taste in Morocco’s
mouth, and more...
INDIA TRADE
Rupee depreciation, exporting
metro coaches to Australia, Saudi
lifting ban on chilly & much more
SPOTLIGHT
MEXICO
A snapshot of Mexico’s
international trade activities
OVERSEAS TALK
MELBA PRÍA, MEXICO’S AM-
BASSADOR TO INDIA
Talks about why trade comes
naturally to Mexico and sug-
gests ways to further boost the
Indo-Mexican bilateral trade.
IMPORT’ONOMICS
PAINTINGS
They don’t just add feeling of
grandeur to a room, but also fill up
pockets of their importers
SECRET INGREDIENT
CUMIN
With India as its biggest exporter,
this spice promises healthy profits!
DOCKYARD
KANNUR AIRPORT
Kerala is getting its 4th
international
airport. But does it really need one?
POLICY FOCUS
NIRYAT BANDHU
This hand-holding scheme for new
and potential exporters still has a
long way to go
TDB FORUM
Questions about foreign trade that
hit our mail box in February and, of
course, their answers
30 12
14
20
24
26
100
104
108
112
116
34 THE DOLLAR BUSINESS II MARCH 2016
COVER STORY POWER WOMEN
Over the years women have increasingly grabbed headlines for their roles in
business, politics and society. And India's foreign trade is no exception – a
number of women are making significant contributions to this vital sector. While
some are renowned names in business and policymaking, others we believe
will soon be equally well-known. The Dollar Business celebrates the success
of these iconic women. For them the sky is no limit, it’s just a direction!
MARCH 2016 II THE DOLLAR BUSINESS 35
T
hat women are important economic actors
has long been settled. In India and across
the globe, the liberalisation of trade has had
a significant effect on the number of women
in the workforce across manufacturing and
services sectors. As participation of wom-
en in the workforce increased, so did their presence in
decision-making roles. Today we have Christine Lagarde
heading the IMF, Janet Yellen at the helm of the Federal
Reserve, and Angela Merkel spearheading Europe's eco-
nomic revival. And there is many-a-study to show that
businesses that have women at the helm perform better,
financially and otherwise.
Naturally India, a country that from its inception has
had strong women influence in politics, society and the
economy also has exceptional women leaders in foreign
trade; from services to pharmaceuticals and textiles to en-
gineering products, we have seen a significant number of
women rise to the top and make valuable contributions.
And this is not confined to business, women are present in
large numbers as the heads of ministries and spearhead-
ing policymaking bodies that play a large role in easing the
way for foreign trade in India.
In an increasingly gloomy global economy, when the
world is looking at India to give a fillip to global trade,
there is possibly no better a time to applaud a handful of
extraordinary women entrepreneurs and visionaries in In-
dia's foreign trade arena. The Dollar Business over the past
quarter, met with and gained insights from women lead-
ers from across sectors. Some lead industry behemoths,
some are at the top of their chosen area of business, and
some lead from the front as law and policymakers in their
quest to help unfold the potential of Indian foreign trade.
And without an exception these are
women of courage, resilience and
astute business sense, each with a
strong head on her shoulder, who is
acutely aware of her responsibility to
business and society.
They are all shining stars of Indi-
an foreign trade. Flip through and
watch their stories unfold...
Subscribe to read the
full magazine

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The Dollar Business March 2016 Issue Preview

  • 1. FOREIGN TRADE . EXPORTS . IMPORTS www.thedollarbusiness.com Vol.3 Issue 03 March 2016 100 $2 ‘Cumin’ology: Science of exports Syria’s and Turkey’s losses imply India’s gains in exports of cumin When business meets art Hand-made paintings can yield rich dividends for its importers Niryat Bandhu Scheme Is the scheme meeting expectations of India’s foreign trade community? Rendezvous An exclusive conversation with Narendra Singh Tomar, Union Minister of Steel & Mines, GoI ...and more! SPECIAL FEATURES THE DOLLAR BUSINESS SPEAKS TO 40 REMARKABLE LEADING LADIES OF INDIA’S FOREIGN TRADE ON THEIR STRUGGLES, SECRETS, SUPPORT SYSTEMS AND SUCCESS STRATEGIES. PRESENTING A FIRST-TIME EXCLUSIVE COVERAGE HARSIMRAT KAUR BADAL, CABINET MINISTER, FOOD PROCESSING INDUSTRY, GoI I RASHMI VERMA, SECRETARY, MINISTRY OF TEXTILES, GoI I KAVITA GUPTA, TEXTILE COMMISSIONER, GoI I SHOBANA KAMINENI, VICE-CHAIRPERSON, APOLLO HOSPITALS I MONICA OSWAL, DIRECTOR, MONTE CARLO I JAYANTI CHAUHAN, DIRECTOR, BISLERI I ANITA SANGHI, GLOBAL CFO & DIRECTOR, DELL SERVICES I MEHER PUDUMJEE, CHAIRPERSON, THERMAX I MANMEET VOHRA, DIRECTOR–MARKETING, TATA STARBUCKS I RAJNI BECTOR, FOUNDER, MRS. BECTOR’S FOOD I HUZAN MISTRY, CHIEF–BD (CURRENCY & DEBT MKTS.), NSE I CHAYAA NANJAPPA, FOUNDER, NECTOR FRESH I DEVITA SARAF, CEO, VU TECHNOLOGIES, AND MANY MORE... INTERVIEWS INSIDE:
  • 2. 8 THE DOLLAR BUSINESS II MARCH 2016 Volume: 3 Issue: 03 March 2016 www.thedollarbusiness.com facebook.com/tdbIndia twitter.com/TheDollarBiz in.linkedin.com/in/thedollarbusiness/ President (VMPL) : Steven Philip Warner & Editor-in-Chief EDITORIAL & RESEARCH Editor : Manish K. Pandey Executive Editor : Indranil Das Senior Editor : Satyapal Menon Senior Editor (Online) : Himanshu Vatsa Senior Assistant Editors : Sisir Kumar Pradhan, Shivani (Vig) Kapoor Assistant Editor : Neha Dewan, Ahmad Shariq Khan Assistant Editor (Online) : D. Sai Nikesh Principal Correspondent : Vanita Peter D'souza Correspondents : Deepak Kumar, Aadhira Anandh M. Jasleen Kaur, Manisha Choudhari EDITORIAL CONSULTING BOARD Founder & Editor : Anil Goyal Publisher : Avnish Goyal Chief Consulting Editor : Dr.A. K. Sengupta Editorial Advisors : Dr. N.K. Goyal (CMAI), Atul Kumar Saxena (IIA) ADVERTISEMENT SALES & MARKETING Vice-President : Aninda Mondal Associate Vice-President : Dharmendra Jaiswal Manager : Kamlesh Tripathi, Santosh Pandey, Bhaskar Joshi, Pramveer Singh Executive : Maleeha Mushtaq InternationalRepresentatives Seoul(SouthKorea) : Justin Yoon (+82-2-6241-4256) London(UK) : S. Puri (+44 207 376 1996) ART & PHOTOGRAPHY Art Director : Sujesh Kumar G. Senior Designer : Shaik. Masthan Vali Designer : Gopal Ganesh Reddy Photographer : Dileep Kumar THE DOLLAR BUSINESS ONLINE Sr. Web Developer : P. Surendra Babu SEO Specialists : Praveen Kukunarapu, Asst. Mgr. (Data & Metrics) : C. Dileep Reddy Associates (Data & Metrics) : Dinesh Reddy, Bhanu Prasad CIRCULATION, SUBSCRIPTION & DISTRIBUTION General Manager : S. S. Sudesh Manager - Subscription : M. Vinay Kumar Assistant Managers : Sanjeev Jain, Buddhi Sagar Pandey, Rajneesh Laroiya Senior Executive : K. Chandra Prakash Associate - Outreach : T. Swapna HR, FINANCE & LOGISTICS Sr. Manager – HR : Rasanpreet Kaur Manager – Accounts : Parchuri Jhansi Asstt. Manager : Helen Mary Sr. Executives : Swati Sharma, Ganesh Alagonda Associate : Inderkant Padampalle PRINTER Kala Jyothi Process Pvt. Ltd., 1-1-60/5, RTC Cross Road, Musheerabad, Hyderabad, Telangana 500020, IN PUBLISHED AT 5-2-198/4, Distillery Road, Ranigunj, Secunderabad, Telangana 500003, IN FOR EDITORIAL/CONTENT Email: editorial@thedollarbusiness.com FOR ADVERTISEMENT Email: ads@thedollarbusiness.com FOR SUBSCRIPTION Email: subscription@thedollarbusiness.com . +91-40-67609999 For queries / comments you can send us an SMS at +91-888-633-1947 © Copyright 2014 No part of this magazine may be reproduced in whole or in part without an ex- pressed permission of the publisher. The information on this magazine is for information purpose only. Manish K. Pandey, Editor, The Dollar Business, is re- sponsible for the selection of news and content under PRB Act. Vimbri Media Pvt. Ltd. assumes no liability or responsibility for any inaccurate, delayed or incomplete information, or for any actions taken in reliance thereon. The information contained about each individual, event or organisation has been provided by such individual, event organisers or organisation without verification by us. All disputes are subject to exclusive jurisdiction of competent courts and forums in Hyderabad, Telangana. Printed and published by Avnish Goyal for Vimbri Media Pvt. Ltd. Published at 5-2-198/4, Distillery Road, Ranigunj, Secunderabad - 500 003, Telangana. Printedat:KalaJyothiProcessPvt.Ltd.,1-1-60/5,RTCCrossRoads,Musheerabad, Hyderabad - 500 020, Telangana. COVER STORY34 The Dollar Business celebrates the achievements of Indian women who are transforming the world of foreign trade. For them the sky is no limit, it’s just a direction. Read through the stories. Women’s Special Issue MARCH 2016 II THE DOLLAR BUSINESS 9 NARENDRA SINGH TOMAR UNION MINISTER OF STEEL & MINES, GOVT. OF INDIA TDB caught up with the Minister to figure out how he plans to bring the beleaguered sector back on track. MONOLOGUE PEOPLE SPEAK From Narendra Modi’s vision for the economy to Hassan Rouhani’s path towards economic revival GLOBAL TRADE China’s connection to Iran, US leaving a sour taste in Morocco’s mouth, and more... INDIA TRADE Rupee depreciation, exporting metro coaches to Australia, Saudi lifting ban on chilly & much more SPOTLIGHT MEXICO A snapshot of Mexico’s international trade activities OVERSEAS TALK MELBA PRÍA, MEXICO’S AM- BASSADOR TO INDIA Talks about why trade comes naturally to Mexico and sug- gests ways to further boost the Indo-Mexican bilateral trade. IMPORT’ONOMICS PAINTINGS They don’t just add feeling of grandeur to a room, but also fill up pockets of their importers SECRET INGREDIENT CUMIN With India as its biggest exporter, this spice promises healthy profits! DOCKYARD KANNUR AIRPORT Kerala is getting its 4th international airport. But does it really need one? POLICY FOCUS NIRYAT BANDHU This hand-holding scheme for new and potential exporters still has a long way to go TDB FORUM Questions about foreign trade that hit our mail box in February and, of course, their answers 30 12 14 20 24 26 100 104 108 112 116
  • 3. 34 THE DOLLAR BUSINESS II MARCH 2016 COVER STORY POWER WOMEN Over the years women have increasingly grabbed headlines for their roles in business, politics and society. And India's foreign trade is no exception – a number of women are making significant contributions to this vital sector. While some are renowned names in business and policymaking, others we believe will soon be equally well-known. The Dollar Business celebrates the success of these iconic women. For them the sky is no limit, it’s just a direction! MARCH 2016 II THE DOLLAR BUSINESS 35 T hat women are important economic actors has long been settled. In India and across the globe, the liberalisation of trade has had a significant effect on the number of women in the workforce across manufacturing and services sectors. As participation of wom- en in the workforce increased, so did their presence in decision-making roles. Today we have Christine Lagarde heading the IMF, Janet Yellen at the helm of the Federal Reserve, and Angela Merkel spearheading Europe's eco- nomic revival. And there is many-a-study to show that businesses that have women at the helm perform better, financially and otherwise. Naturally India, a country that from its inception has had strong women influence in politics, society and the economy also has exceptional women leaders in foreign trade; from services to pharmaceuticals and textiles to en- gineering products, we have seen a significant number of women rise to the top and make valuable contributions. And this is not confined to business, women are present in large numbers as the heads of ministries and spearhead- ing policymaking bodies that play a large role in easing the way for foreign trade in India. In an increasingly gloomy global economy, when the world is looking at India to give a fillip to global trade, there is possibly no better a time to applaud a handful of extraordinary women entrepreneurs and visionaries in In- dia's foreign trade arena. The Dollar Business over the past quarter, met with and gained insights from women lead- ers from across sectors. Some lead industry behemoths, some are at the top of their chosen area of business, and some lead from the front as law and policymakers in their quest to help unfold the potential of Indian foreign trade. And without an exception these are women of courage, resilience and astute business sense, each with a strong head on her shoulder, who is acutely aware of her responsibility to business and society. They are all shining stars of Indi- an foreign trade. Flip through and watch their stories unfold...
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