THE CUP OF CHAI RUNNETH OVER

Article Abstract:

India's tea production and exports have reached an all time high in 1998. The country saw a 7.3 percent higher tea production at 870 million kg. Tea exports earned foreign exchange worth Rs2,156 crore. However, India's share in the world export market could have been much higher. The tea exports were constrained due to increased domestic consumption. Between 1990-98, the domestic tea consumption increased from 500 million Kg to 664 million Kg (an increase of 33 percent). Though the production during the period increased by 150 million Kg, the exports increased only by 4 million Kg. The competition for tea in global markets is getting tougher as countries like China, Kenya, Malawi and Bangladesh are emerging exporters. India needs to increase its tea export volume by increasing the production. This is possible by optimising yields through re-plantation and offering some tax incentives to the industry. (um)(psr)

All Other Miscellaneous Crop Farming, Exports of Goods & Services, Field crops, except cash grains, not elsewhere classified, Tea, Tea (Plant)

---

FLAT SHOPPERS FIND NARIMAN POINT A CASH-SAVER

Article Abstract:

The price of comercial property at Mumbai's commercial district, Nariman Point has plummeted to less than Rs10,000 per sq feet since several companies have sold their assets and several small businesses have closed down. The capital value of property in Nariman Point has declined by over 50 percent. Gupta Builders sold a 1,700 sq feet office accommodation in Regent Chambers for Rs2.35 crore, at Rs13,824 per sq feet in June 1998. Tata Consultancy Services has bought a 1,600 sq feet commercial property in Nirmal building for Rs1.59 crore at a rate of Rs9,900 per sq feet. (rk)

Comment:

India: Capital value of property in Nariman Point, commercial district of Mumbai, declines by over 50%

Commercial and Institutional Building Construction, Commercial Buildings, Commercial construction, Article

---

MUMBAI HITS WORLD NO 3 SPOT ON HIGH RENTALS

Article Abstract:

The January 1999 report by CB Richard Ellis on global market rents shows that Mumbai is the third costliest city, with prime average rental values of $1053 per sq metre per annum. New Delhi is at the seventh position with an average rental of $676 per sq metre per annum. Tokyo has been found to be the costliest city in the world with average rentals of $1480 per sq metre per annum. (khr)

United States, Single Family Housing Construction, 1-Family Housing, Residential construction, Single family housing

Similar abstracts:

• Abstracts: ON THE WINGS OF A PRAYER - AIR INDIA AIR-INDIA SET TO CLIP ITS OWN WINGS. AIR-INDIA CLOCKS Rs129-CR LOSS IN FIRST HALF
• Abstracts: BRIDGING THE RADIAL GAP INDIA NOW RIDES ON THE WORLD'S NO 1 RADIAL. EUROMEDICA SETS UP SHOP IN INDIA
• Abstracts: NTPC RAKES IN $117 M OUT OF SYNDICATED TERM LOAN. JVSL PLANT HIT BY DELAY IN LOAN DISBURSEMENT
• Abstracts: CHENNAI'S WATER PROJECTS TO BE FINALISED BY NOV COAL SUPPLY POLICY FOR PVT POWER PLANTS FINALISED KARNATAKA TO SET UP ANOTHER IRRIGATION CORPORATION
• Abstracts: GOVT THROWS OPEN INTERNET SERVICE TO PVT SECTOR. HUGHES ESCORTS MAY BECOME ISP. TASK FORCE FOR ENDING VSNL MONOPOLY OVER INTERNET

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.