Engineering exporters urged to focus on Latin America, CIS

September 23rd, 2009 BANGALORE - The Timken Company today announced the appointment of Ajay Das as its new managing director for its business in India, headquartered in Bangalore. In this new role, Das will oversee the continued growth of the company's business in India, including the Timken Engineering Research Institute, the global R and D and engineering facility at Bangalore, operations at Jamshedpur and Chennai, as well as sales, marketing and all supporting functions.

September 1st, 2009 PANAJI - Iron ore exporters in Goa say Australia's Yandi mines have emerged as a tough competition. According to Goa Mineral Ore Exporters Association (GMOEA) executive director S.

July 31st, 2009 The name of a small but confident company from Coimbatore in Tamil Nadu has inspired confidence among Latin American clients in Peru, Ecuador, the Dominican Republic and Argentina, who have given it orders worth $500,000 for textile machinery. And this, perhaps, is only the beginning.

July 24th, 2009 AP names Mike Warren to new South America postNEW YORK — Michael Warren, deputy Latin America editor of The Associated Press, has been named to a new position overseeing AP operations in Argentina, Chile, Paraguay and Uruguay — the Southern Cone region of South America. Senior Managing Editor John Daniszewski made the announcement Friday.

July 15th, 2009 NEW DELHI - Union Textiles Minister Dayanidhi Maran inaugurated the 43rd edition of the India International Garment Fair (IIGF) and the first exclusive silk exhibition 'Silk Paradise' here today. More than 200 garment manufacturers and exporters from Delhi, Gurgaon, Noida, Faridabad, Jaipur, Pushkar, Tirupur, Mumbai and Kolkata are participating in the fair.

June 23rd, 2009 Obama declines to apologize for CIA role in ChileWASHINGTON — President Barack Obama says he wants a U.S. foreign policy that looks forward, not backward.

June 17th, 2009 NEW DELHI - Federation of Indian Chamber of Commerce and Industry (FICCI) has called for cheap export credit and income tax exemption for export earnings for Indias garments exporters. At a meeting with Textiles Minister Dayanidhi Maran Wednesday, FICCI advocated credit for exporters at an interest rate of 7 percent, 100 percent exemption on income tax for export earnings for three years, initiation of skill development programmes, and reimbursement of duties to exporters.

May 6th, 2009 Stocks rising in Latin AmericaMEXICO CITY — Stocks are rising in Latin America, with investors tracking a world markets rally on signs of slowing job losses in the United States. The Ibovespa index in Brazil is up 1.3 percent to 51,280 on Wednesday.

May 2nd, 2009 WASHINGTON - US Secretary of State Hillary Rodham Clinton said Friday the US must reach out to Latin American leaders to reverse of the 'disturbing' trend of growing Chinese and Iranian influence in the region. 'If you look at the gains, particularly in Latin America, that Iran is making and China is making, its quite disturbing,' Clinton said after giving speech to State Departement employees.

March 26th, 2009 MEXICO CITY - More than five million women have become victims of people trafficking networks in Latin America and 10 million more are at risk of falling prey, activist Teresa Ulloa has said. The director of the Coalition Against Trafficking in Women - Latin America and the Caribbean (CATW-LAC), also said that the traders 'are more and more linked with organised crime', and added that poverty had made the phenomenon 'skyrocket in recent years'.

February 28th, 2009 KOLKATA - At a time when the world is reeling under the economic meltdown, exporters of engineering goods in the country are looking to Africa and Southeast Asia for salvation. 'Though they predominantly buy engineering goods from China, last year they faced some difficulties and now they want India to be developed as a second supplier,' R.P.

February 16th, 2009 MOSCOW - Russia and Bolivia have pledged to strengthen their ties with a focus on cooperation in natural gas production and transportation. Russian President Dmitry Medvedev, who held discussion with his visiting Bolivian counterpart Evo Morales in the Kremlin Monday, announced that Russia wants a 'strategic' energy project with Bolivia, which holds Latin America's second largest gas reserves, until 2030.

January 20th, 2009 MEXICO CITY - Latin American leaders have hailed the new US administration of Barack Obama. Mexican President Felipe Calderon said he wished Obama 'the biggest success' and reaffirmed his commitment to 'working together with Obama to solve the problems between Mexico and the US'.

January 16th, 2009 MACHIQUES - Brazilian President Luiz Inacio Lula da Silva has called on US president-elect Barack Obama to chart a new course of relations with Latin America, EFE news agency reported. Obama, who takes office next week, needs to maintain an egalitarian relationship with Latin America, said Lula who met his Venezuelan counterpart Hugo Chavez in Machiques, a town in the western Venezuelan state of Zulia Friday.

December 25th, 2008 NEW DELHI - The government Friday announced allocation of Rs.3.5 billion (Rs.350 crore) to the state-run Export Credit Guarantee Corp of India Ltd (ECGC) for providing higher risk cover to micro, small and medium exporters (MSME). The Cabinet Committee on Economic Affairs gave its approval for allocation of the amount that will increase the risk cover to the MSMEs from 85 percent to 95 percent.