NEW DELHI: Sharjah a commercial center in the United Arab Emirates will be inked to Calicut the biggest commercial center of Kerala with a direct airbus a320 flight from February 15.

The Indian airlines spokesman said the air link of Sharjah with Calicut would also provide easy access to Dubai the biggest shopping center of the Middle East as Dubai is only about 25 minutes’ drive from Sharjah.

Sharjah will become the eleventh station on the international network of Indian airlines with commencement of the Calicut Sharjah thrice a week flight.

NEW DELHI: the European community (EC) is proposing to formally launch an “indo-ec business forum soon to provide a platform for business communities from India and ec countries to interact on a regular basis.

The head of the ec delegation MS Francine Henrich told a meeting of the indo-French chamber of commerce and industry that the ec was keen on enhancing commercial and economic ties with India and has therefore launched a special program to help the Indian-industry to take advantage of the ec market.

She said as part of the program experts form European community are helping Indian companies to adapt quality control systems that would enable them produce to requisite standards.

NEW DELHI: Petofi’s cooperative Lad a joint venture of government of India and weavers cooperatives will set-up a plant for manufacturing 300 metric tonnes spandex am in collaboration with marubeni using technology of toyobo Japan.

Spandex is an elastomeric yarn with excellent recovery properties and good dye ability the project to be setup in bharuch district would be the first plant of its kind in the country.

NEW DELHI: The Visakhapatnam steel plant plans to export about 2.5 lakh tonnes of its products mainly wire rods to Japan and other countries in 1992-93.

Mr. J Mehra director (operations) of the plant said in an interview that the foreign exchange earnings from the export would be about RS. 200 crore.

The plant the first shore-based steel plant in the country which commenced production in March 1990 has already made a token export of 1800 tonnes of wire rods to Sri Lanka Earning foreign exchange worth RS two crore. With a work-force of 13000 the plant has achieved one million tonnes per annum capacity this month.

NEW DELHI: About ten Indian companies will participate in the interkama fair to be held in Dusseldorf Germany to study the technical innovations in measurement and automation technologies.

The interkama fair held every three years is attended by over a lakh industry expert from all over the world.

NEW DELHI: An Indian trade delegation will visit Azerbaijan to explore the possibilities of setting point ventures in various fields.

General Secretary Indo-USSR chamber of commerce and industry (IUCCI) Mr V.C Jain told reporters that the trade delegation its nine-day visit from February eight would identify joint venture areas in small and medium sector.

He said in view of India’s expertise in the small and medium industries Indian enterprises enjoyed competitive edge over their rivals from other industrialized countries.

NEW DELHI: The coal India limited is seeking RS 655.73 crore World Bank assistance to improve productivity in 34 underground mines the deputy coal minister Mr. S.B. Nyamagouda said.

Besides RS 250 crore schemes is awaiting clearance of the World Bank contain the coalfields fire in the jharia coal belt he said.

NEW DELHI: Ina breakthrough in non-conventional energy sources the public sector Bharat heavy electrical limited (Bhel) has established manufacture of solar water heating systems.

The large scale installation of these systems will sharply reduce the consumption of oil gas and coal saving valuable foreign exchange for the country abhel press release said.

NEW DELHI: Strategic alliance in core sectors like trade and investment between the countries of south Asian association for regional cooperation (SAARC) and the European Economic Community (EEC) would pay off handsome dividends for both the industrial north and the developing south.

This is the board conclusion of a study on “SAARC and the EEC” made by D. Charan C. wadhva of the center for policy research (CFPR) an independent think tank for policy analysis.

He said currently exports from EEC to the developing bloc as a group account for one third of EECs global exports in value terms.

Article extracted from this publication >> February 21, 1992