NEW TECH IMPORT POLICY MAY FREE ROYALTY FEES

Article Abstract:

The government plans to introduce a new technology import policy. Under the new norms, technology imports will be liberalised and royalty payments and fees for foreign technology will be decontrolled. At present, tie-ups have a high royalty fees, making investments limited and unattractive for foreign sellers. Tie-ups related to sales have royalty payment limit of five percent for domestic sales and eight percent for exports. Under the new policy, applications will have to be approved by the Reserve Bank of India. Corporates will decide the monetary modalities of the tie-ups. Electronics, hardware, auto and other hi-tech sectors are expected to benefit from the new policy. The new policy will provide a fillip to exports as the foreign technology supplier could be the base for the finished goods. (nr)

Government regulation (cont), Other Electrical Equipment and Component Manufacturing, Imports, Electronic Components

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VIT B1 SUPPLY TO DRY UP WITH `FISHY' IMPORT CURB

Article Abstract:

A shortfall is likely in the supply of Vitamin B formulations like B Complex and multivitamins in the domestic market. Supply has been affected by the shortage of vitamin B1, an ingredient in these formulations. Vitamin B1 is also a fish feed additive. The shortage is attributed to the government's decision to reduce the import of vitamin B1. The government has reduced the vitamin import limit to 1.85 kg of vitamin B1 for every tonne of fish exported by the end of May 1998, as compared to the earlier limit of 18.5 kg for each tonne of fish exported. The brands affected by the shortage of vitamin B1 include Becosules, Neurobion, Supradyn, Abdec, Becadexamins, Nutrisan, Vidalyn and Becadex. (ag)

Comment:

India: Government reduces vitamin import limit to 1.85 kg of vitamin B1 for every tonne of fish exported by end of 5/98

Pharmaceutical Preparation Manufacturing, B-Complex Vitamin Preps, Vitamin B complex, Article

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INDIAN SEAFOOD GOES IN QUEST OF A BRANDNAME

Article Abstract:

Seafood exporters have requested for the promotion of a brandname for Indian seafood in the export market and assistance from the Brand Equity Fund. The Seafood Exporters Association of India feels that it will be more beneficial if an existing brandname is purchased from the international market. This will help exporters to immediately start exporting under the brandname while development of a new brandname will take a long time. (khr)

Seafood Products, Seafood Product Preparation and Packaging, Misc. Food and Kindred Products, Seafood

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