FORTRESS EU's DRAWBRIDGE UP AGAINST BAGS OF BONES
Article Abstract:
Fearing infiltration of bovine spongiform encephalopathy (BSE), the European Union (EU) has imposed a risk-material free clause on all imports of crushed bones and ossein gelatine into the region for use by the pharmaceutical industry. This has resulted in a business loss of Rs1,650 crore for India. The clause means that crushed bones and gelatine exported from India will have to be certified as free from mad cow disease. This is difficult because the bovine carcasses are mainly collected by the unorganised sector, and only three units export crushed bones and five export gelatine. In 1997-98, the three units exported crushed bones worth Rs450 crore and the five gelatine units exported ossein gelatine worth Rs1,200 crore.(gsh)
Comment:
India: Gelatin ind registers loss of Rs1,650 crore due to new clause that requires exports to EU be free from mad cow disease
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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CITY REAL ESTATE MARKET SHOWS SIGNS OF BOOM
Article Abstract:
The real estate market in Bangalore is showing signs of coming out of a downturn as falling prices and the easy availability of land has renewed interest in both Indian and multinational corporates. Multinationals are opting for rentals with an option to buy the property later due to the tight monetary conditions in the Indian economy. Domestic and multinational companies absorbed over 6.5 lakh square feet of commercial space in and around the city during 1998. Rental values have declined from Rs20-70 per square feet about 6 months ago to Rs10-45 now. The city is moving towards sub-urbanisation, where low-cost and independent facilities are attracting software companies. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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KERALA CHEMICALS EMBARKS ON Rs78-CR PROJECT
Article Abstract:
Kerala Chemicals & Proteins Ltd, a joint venture between the Kerala State Industrial Development Corporation Ltd and Nitta Gelatine Inc and Mitsubishi of Japan, is setting up a Rs78 crore project to produce 2,000 million tonnes per annum of gelatine. The project, scheduled to be completed by October 1998, is being funded by term loans of Rs26.50 crore, internal accruals of Rs20 crore and a Rs31.50 crore rights issue. (khr)
Comment:
Sets up a Rs78 crore project to produce 2,000 million tons per annum of gelatine
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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