India’s Seafood Exports to Grow 20% in FY18

India’s seafood exporters expect that exports will grow over 20 percent in FY18 after sales figures touched an all-time high of $5.78 billion in FY17 when USA imported 1,88,617 tons of Indian seafood — a growth of 22.72 percent in quantity from the previous year.

“With exports to U.S. setting new records and the markets’ rising appetite, the industry [in India] is confident of a strong [export] growth for Indian shrimps,” said Rahul Kulkarni, director, WestCoast Group, a leading seafood exporter from India.

Shrimp

Shrimp

Business Standard reports that India’s exporters are pinning hopes on growth in exports with the adoption of the Vannamei or Pacific White variety of shrimp in recent years over the Black Tiger. “The area brought under Vannamei cultivation is on the rise in states like Odisha and West Bengal. There is also emergence of demands from new countries like Canada and Australia,” said G. Mohanty, an Odisha-based exporter.

 

August 31, 2017   No Comments

Foreign Travel Arrivals in India Grow 15 percent this year

India’s Ministry of Tourism released a report based on data from the Bureau of Immigration that says the number of overseas travelers to India grew 15 percent year-on-year. For the period January – July 2017 foreign travel arrivals numbered 5,674,000 , compared to 4,903,000  in the corresponding time period last year.

Considering the number of arrivals, Bangladesh has emerged on top of the chart, with a share of 20.12 percent, followed by tourists from the United States of America (16.26 percent) and United Kingdom (10.88 percent).

A Section of New Delhi Airport

A Section of New Delhi Airport

Travelers arriving on e-visas have registered a year-on-year growth of 73.3 percent — a total of 119,000  tourists arrived on an e-Tourist Visa as compared to 68,000  in July last year. USA and U.K. were at the top two spots in terms of countries availing e- Tourist Visa facilities in July 2017, with percentage shares of 12.9 and 12 respectively.

The international airport at New Delhi received the highest number of foreign travelers, reports Business Standard.

August 28, 2017   No Comments

India’s Defense Forces Evaluate America’s Combat Planes

The Indian Air Force will try out America’s latest version of the F-16 and Sweden’s Saab Gripen fighter aircraft with the advanced AESA radar to select a partner to build 120 combat planes. The deal is estimated at $20 billion. India’s Air Force will replace its ageing fleet of Russian MiG-series of planes by the 120 single-engine fighter jet.

fighter jets

The Indian Navy is testing the American F-18 and the French Dassault for acquiring 57 twin-engine planes for its next Indigenous Aircraft Carrier, reports Business Today. The Navy will consider options for its requirement of twin-engine fighter aircraft, similar to Rafale-36 which India’s Air Force will acquire, only after the single engine fighter aircraft evaluation is completed.

June 13, 2017   No Comments

What’s the Favorite Destination for India’s Tourists?

Google India said that the top travel searches conducted by Indians between the months of February to April this year were on U.S.A. – the most-preferred summer destination for Indian travelers – followed by the United Arab Emirates, and Thailand.

Travel signboard

Other pieces of the Google search data reported by the Economic Times:
  • Interest in Nepal, Indonesia, and Bhutan witnessed high year-on-year growth.
  • Travel-related queries such as planning, transport, accommodation, vacation packages and travel documentation witnessed a 53% year-on-year growth during the same period.
  •  A 70% Y-o-Y growth in travel queries from non-metro cities over the past year, with 40.80% of all travel related queries emerging from cities and towns beyond Delhi NCR, Mumbai, Bangalore, Chennai, Pune, Hyderabad, Kolkata, and Ahmedabad.
  • Within India, Goa continues to be the most preferred destination; hill stations such as Manali, Shimla and Ooty feature in the top 10 destinations list.
  •  Andaman and Nicobar Islands have witnessed a boom in popularity with 39.8% Y-o-Y growth.
  • Search queries for rail services were nearly twice as high as the combined searches for all other modes of travel: air, bus, taxi, and car rentals.

June 12, 2017   No Comments

India to Become 3rd Largest Military Spender in 2018

According to the latest Jane’s Report, released by research firm IHS Markit on Dec. 12, India will become the world’s third largest military spender in 2018 surpassing UK and Saudi Arabia which currently occupy the third and fourth places.

Craig Caffrey, principal analyst, IHS Jane’s said, “What we expect to see from 2017 onward is a military focused on modernization. India needs new equipment to fulfill its modernization drive. Over the next three years, India will re-emerge as a key growth market for defense suppliers.”

bullets

The first and second spot will continue to be occupied by the U.S. with $622.3 billion and China with $191.75 billion, the report added.

India’s government raised foreign direct investment limit for the sector to 49%, helping Indian private firms to partner with multinational defense companies. India needs to spend some $130 billion to modernize its military over the next seven years, reports Defense World.

December 16, 2016   No Comments