The United States has decided to remove India from the list of eligible GSP countries. The reason for this move is that the Trump administration feels that India has failed to provide the United States with assurances that “it will provide equitable and reasonable access to its markets in numerous sectors.” The Generalized System of Preferences (GSP) is a U.S. trade program aimed to promote economic growth in the underdeveloped or least developed countries and also in the developing countries by providing preferential duty-free entry for up to 4,800 products from 129 designated beneficiary countries and territories. GSP is in existence since January 1, 1976. The scheme provided India tariff-free access to the US market. All benefits have stopped since June 5, 2019. India had been the largest beneficiary nation under the GSP and exported goods worth $6.35 billion every year. Continue reading Exclusion of India from GSP Could Be a New Beginning For Exporters
“I have inherited a beautiful world which was inherited by my parents by their own. There is so much beauty in the world and it cannot be lost because of ignorance or inaction by the people consuming it. We live in a world that is constantly evolving and we need to account for our compassion for the environment towards the growth factor in our lives because foregoing it will only have long term adverse effects no matter how great the shortfall gains are. Continue reading NatureTech Enviro Protection Ltd.
Naturetech Enviro Protection Ltd., a leading Surat-based environmental solution provider, has been offering an array of latest technologies dedicated to managing and treating wastewater, and sludge handling in the most sustainable manner. The company is offering a novel biological treatment technology called IFAS (integrated fixed-film activated sludge) Cleartech to enlarge existing domestic Waste Water Treatment Plants (WWTP). “With CETP, WWTP and STP as our areas of expertise, we offer state-of-the-art machinery and provide our clients with cutting edge technological solutions to win the fight against pollution,” assures the company in a statement. Continue reading Naturetech Enviro Protection Ltd. Offering Cleartec Technology for Textile Wastewater Treatment
Millions of workers across the globe are deprived from the minimum wage required to live a decent life. For them, the Living Wage, a voluntary pay rate set above the statutory minimum wage, is still but a distant dream. Many employers who do not pay the Living Wage argue that they simply cannot afford to. According to them, a minimum wage destroys jobs, particularly for the young. Is their argument about greed – the quest for maximum profit from the bodies and labor of others? We are NOT talking about vulnerable persons who fall victim to traffickers, from desperation, deception, or coercion. Continue reading Fresh Thinking is Needed to Guarantee “Living Wage”
Excerpts of Dr AV Prasad’s speech at the Conference On “Technology Options for Sustainable Growth of Indian Chemical Industry” held by UDCT Alumni Association (UAA) in Ahmedabad
Dr AV Prasad has Master’s degree in textile chemistry and a very impressive career. He started his career in the production department in Century Mills. He has been with Clariant and later with Sandoz. He grew from a technical executive to Vice President, Senior Vice President and to the Country Head in textiles. He was the Global Head of new business development handling innovation projects for alliances, joint ventures and collaborations. He has published more than hundred articles and presented more than hundred papers in major seminars.
I would like to take you to the journey of what’s happening in textiles and what are the challenges for the textile industry. Before I get into that, I just want to make you aware about Archroma. Many people would know Sandoz quite well. Many people would know Hoechst quite well. Many people would know BASF quite well and also a lot of companies in this domain. We have gone through this acquisition process in the last 20 years and a lot of consolidation has happened in this whole process. And now we are here as Archroma having five companies in our portfolio. Overall, we got very good products in the acquisitions including lot of leather chemicals and a few products mainly for the construction industry. Continue reading Technology Options for Sustainable Textile Processing
The UDCT Alumni Association (UAA) & the UAA Ahmedabad Chapter organised a 1-day Seminar on “Technology Options for Sustainable Growth of Indian Chemical Industry” on February 9, 2019 to celebrate the completion of 25 years of the UDCT Alumni Association (UAA)- Ahmedabad Chapter. The Silver Jubilee Seminar was held in the HT Parekh Hall of the Ahmedabad Management Association (AMA).
Prof. M.M. Sharma, a world-renowned chemical engineering scientist and Former Director of ICT, Mumbai, was the chief guest of the programme. His Keynote Address covered the topic of Innovations in Chemical Industry. Incidentally, Prof. MM Sharma was the initiator and mentor of the foundation of the UDCT Alumni Association – Ahmedabad Chapter which was inaugutated by him twenty five years ago.
Prof. G.D. Yadav, Vice Chancellor, ICT, in his address at the openning session, made a presentation on “Green Chemistry & Engineering in the Safer & Benign Manufacture of Chemicals, Materials & Energy” and highlighted the key role of ICT being played in this area. He also gave details of the ICT’s research activities and ambitious expansion plans including future ones.
The US administration’s withdrawal of the generalized system of preferences (GSP) status for India is being discussed by all the stakeholders including exporters of ready-made garments because the US accounts for 30-35% of exports of this sector. There is no clear indication as to how much negative impact this would cause on India’s exports to the US, if at all there is going to be any effect. Around $5.6 billion worth of exports from India – covering 1,784 textiles, engineering, gems and jewellery and chemical products – will be impacted when the decision comes into force by May this year. If we look at the pattern of the decision making involved in this case by the US Department of Commerce, it is abundantly clear that the process was initiated after the US dairy and medical devices sectors lobbied against India’s so-called trade barriers affecting their exports. If the statement of the US commerce secretary, Wilbur Ross, is any indication, the final trigger could have come when India announced ‘stringent e-commerce rules’ that negatively affected two of the giant US companies – Amazon and Walmart-owned Flipkart. Continue reading GSP: Altering Preferential Status is ‘Significant’ or ‘Insignificant’?