INTERNATIONAL PHARMACEUTICAL EXHIBITION-11 MARCH 2009

INTERNATIONAL PHARMA POWER – A REVOLUTION IN PHARMACEUTICAL BY EXHIBITION EXCHANGE

THE WORLDS BIGGEST EVER, ONLINE B2B EXHIBITION WHICH WILL BE INTERNATIONAL FOR PHARMACEUTICAL COMPANIES OF THE WORLD WILL FIND THEIR COMMON PLATFORM WITH WWW.MADE-FROM-INDIA.COM.

PHARMACEUTICAL COMPANIES ROUND THE WORLD SHOULD NOT MISS THIS EXHIBITION AS IT WILL HAVE HIGHEST NUMBER OF VISITORS FROM ENTIRE WORLD.

THIS EXHIBITION HAS ALREADY CAUGHT THE FANCY AMONGST AND BIG PLAYERS OF PHARMACEUTICAL BESIDE SME’S .

THIS WILL HAVE FOLLOWING TYPES OF EXHIBITORS :
A) DRUG MANUFACTURERS
B) PHARMACEUTICAL MACHINERY MANUFACTURERS
C) PATHOLOGY LEADERS
D) BIO MOLECULAR AND GENERIC LEADERS
E) WORLD RENOWNED EXPERTS AND CONSULTANTS

THIS EXHIBITION WILL BE FROM 11TH MARCH TO 18TH MARCH 2009.VENUE WILL BE WWW.MADE-FROM-INDIA.COM , A B2B PORTAL FOR PHARMACEUTICAL BUSINESS AND EXHIBITIONS.

MANUFACTURERS, EXPORTERS, IMPORTERS, TRADERS, CONSULTANTS WILLING TO ATTEND THIS EXHIBITION AS EXHIBITOR MAY CONTACT AT exhibitions@made-from-india.com AND info@made-from-india.com.

FIRST CUM FIRST BASIS WILL BE CONSIDERED FOR ACCEPTING THE EXHIBITORS .TOTAL STRENGTH OF EXHIBITORS IN PHARMACEUTICAL WILL BE SOMEWHERE AROUND 800 AND MORE.

THIS IS THE BEST OPPORTUNITY TO BEAT RECESSION AS THIS FIRST AND BIGGEST EVER ONLINE B2B TRADE SHOW AND EXHIBITION IS GOING TO NOT ONLY CREATE HISTORY BUT ALSO CREATE DEMAND OF PRODUCT OF EXHIBITORS THROUGHOUT THE WORLD WITH INSTANT BRANDING AT NEGLIGIBLE COST OF $500 FOR THE SAID PERIOD .

IN THIS EXHIBITION , EXHIBITORS WILL BE ABLE TO EXHIBIT THEIR PRODUCT ALONGWITH THEIR DETAILS AND VIDEO AS WELL AS GETTING HIGH NUMBER OF LEADS FROM THE EXHIBITION AND MAXIMUM ROI WITH NEGLIGIBLE COST OF EXHIBITING TO THE WORLD WITHOUT INTERNATIONAL BOUNDARY.

TILL DATE , IT HAS ALMOST GOT RESPONSE 93 COUNTRIES FOR PARTICIPATION IN INTERNATIONAL EXHIBITION OF PHARMACEUTICAL WHICH WILL ALSO INCLUDE MANUFACTURERS OF SCIENTIFIC INSTRUMENTS BESIDE VARIOUS PHARMACEUTICAL MACHINERY

addthis_url=’http://www.tradenfairs.com/2008/12/international-pharmaceutical-exhibition.html’; addthis_title=’INTERNATIONAL PHARMACEUTICAL EXHIBITION-11 MARCH 2009′; addthis_pub=’devmarky’;

 

LG Electronics Selects GXS to Support Global ERP and B2B Consolidation

Multi-National Korean Electronics Manufacturer Leverages GXS Trading
   Grid(R) for EDI and XML-Based Integration with Customers and Suppliers

    SEOUL, Korea and GAITHERSBURG, Md., July 16 /PRNewswire/ -- GXS, a
leading provider of business-to-business (B2B) e-commerce solutions, today
announced that LG Electronics, a global leader and technology innovator in
consumer electronics, home appliances and mobile communications, has chosen
GXS Trading Grid(R) to consolidate and centralize its interactions with
more than 200 global trading partners. The move is part of a broader LG
strategy to reduce complexity in its supply chain operations by
centralizing its geographically- dispersed enterprise resource planning
(ERP) systems in Europe, the United States, South America and Asia-Pacific
at its headquarters in Seoul, South Korea and to centralize its B2B
e-commerce functions onto a unified global platform.

    LG reported revenues of $44B in 2007 from four business units -- Mobile
Communications, Digital Appliances, Digital Display and Digital Media. As a
leader in the highly competitive consumer electronics sector, LG's success
depends upon its ability to coordinate supply chain activities and share
real- time information with a network of contract manufacturers, third
party logistics providers and consumer electronics retailers around the
world. GXS Trading Grid supports a broad range of e-commerce standards
(e.g., EDI, XML, KEDIFACT, RosettaNet and AS2) and extensive global reach
throughout Asia, Europe and the Americas. Consolidation of B2B transactions
onto a single vendor, GXS, provides LG's IT organization with centralized
operations in Korea to support its trading partners based in more than 70
countries.

    "Since 2001 GXS has consistently provided LG Electronics with reliable
and effective B2B integration services," said SunYoung (Sarah) Oh,
assistant manager, Information Strategy Team of LG Electronics. "As we've
grown as a company in the last 50 years, so has the complexity of our
supply chain. Reducing that complexity was as important to our company as
ensuring global integration capabilities and increasing real-time
visibility into our trading partner network. GXS is the only B2B
integration vendor we have found that can easily support all three of these
initiatives."

    Prior to consolidating with GXS, LG Electronics used multiple B2B e-
commerce providers that were managed independently by local B2B centers
distributed around the world. The use of multiple vendors led to duplicate
processes and inconsistent capabilities, complicating LG's efforts to
manage its trading partner network. Furthermore, the company was slow to
respond to trading partner needs and incurred higher costs because of
duplicate traffic and an inability to leverage its total transaction volume
to reduce its overall B2B e-commerce costs.

    "Through its move to consolidate its ERP systems and B2B networks, LG
is standing as an example of how a truly global company can operate
efficiently and effectively," said Raymond Teh, vice president of Asia
Pacific for GXS, "Many companies operate in geographic silos when it comes
to their trading partner networks and as a result, they have no idea of the
scope of their networks and cannot gain real-time visibility into
activities. The consolidation of LG's ERP systems will give the company a
competitive advantage in the marketplace. As a global B2B provider with a
local presence in Korea and throughout Asia Pacific, GXS is well positioned
to help other multi-national corporations based in Asia, and anywhere in
the world, consolidate their B2B e-commerce networks."

    GXS Trading Grid is a global B2B e-commerce and integration platform
that supports the creation and adoption of on-demand supply chain
management solutions for companies of any size. As the world's largest
electronic business community, GXS Trading Grid is used by more than 30,000
customers to exchange goods and services, gain visibility into global
logistics operations and to synchronize product data. Trading Grid helps
customers automate global trading communities by shielding complexity from
rapidly changing standards, eliminating manual and duplicative processes
and enabling the highest levels of B2B integration and collaboration.

    About LG Electronics

    Established in 1958, LG Electronics, Inc. (LG) is a global leader and
technology innovator in consumer electronics, home appliances and mobile
communications, employing more than 82,000 people working in over 114
operations including 82 subsidiaries around the world. With 2007 global
sales of USD 44 billion, LG is comprised of four business units - Mobile
Communications, Digital Appliance, Digital Display and Digital Media. LG is
the world's leading producer of Mobile handsets, air conditioners, front-
loading washing machines, optical storage products, DVD players, flat panel
TVs and home theater systems.

    About GXS

    GXS is a leading global provider of B2B e-commerce solutions that
simplify and enhance business process integration and collaboration among
trading partners. Organizations worldwide, including more than 70 percent
of the Fortune 500, leverage the on-demand services on GXS Trading Grid(R)
to extend supply chain networks, optimize product launches, automate
warehouse receiving, manage electronic payments and gain supply chain
visibility. GXS Managed Services, GXS' B2B outsourcing solution, empowers
customers with the expertise, technical infrastructure and program support
to conduct B2B e- commerce with trading partners globally.

Source  :  prnewswire.com

 

The Advantages of B2B Marketplace

Business to Business (B2B) marketplace offer spectacular opportunities to manufacturers, suppliers, exporters, importers and service provider. A B2B market handles a big amount of player companies as a community.

 

Do you know what exactly a B2B marketplace is?

 

Internet-based B2B Marketplaces lean to concentrate upon either steep or flat markets. Vertical B2B marketplaces automate the procurement procedure within an industry by bringing buyers and sellers at distinct levels of distribution jointly to transact job.

 

• Brand: B2B market is a huge community of buyers and sellers. For the job to job marketplace, brand can be merely defined as the lot of images, image and feelings that are evoked in the psyche of your customers and prospects at the reference of your figure (or merchandise figure. In decree to guarantee that the picture that is evoked is a routine and constructive one is the amount one challenge in job to job branding. In the consumer merchandise reality, while costly, branding is comparatively easy: Build a brand through coherent advertising that links your merchandise/service to the images and emotions that you seek the consumer to correlate with you.

 

B2B marketplaces are one-stop job solutions for many of the party’s needs. Real moment market allows buyers to go fast resolution; two main indicators of party productivity are Increased Revenue and Cost Saving. Products offered on a market are integrated with the eCatalog and vendor’s Web Store. B2B exchanges are online marketplaces for businesses to purchase and trade better and services from new businesses. Buyers are incapable to go definitive procurement decisions payable to impoverished substance of the merchandise resulting lost job chance for companies. To avert this all B2B marketplaces take one sort or another advanced eCatalog structure which delivers a persuasive value proposal.

 

There are new benefits that party can obtain from participating in a B2B market as easily.

 

For purchaser participants a B2B market offers as mentioned below:

 

Time savings – provides for faster acceptance, ordering processes and saving tracking.

Access to original suppliers – B2B market involvement removes geographic fences and provides approach to original suppliers.

Increased sales – with approach to a wider marketplace, suppliers have the potentiality to increase revenue.

Reduced sales and backing costs – By automating sales and client backing processes companies can cut over chief costs around 25-30% well.

Reduced elevated costs – Thanks to sleek supply string elevated costs can be reduced upward to 30 percentages.

 

B2B exchanges: The landscape is littered with hundreds of B2B exchanges that have failed, demonstrating that success is far from automated. But many are yet operating. They have learned how to go reward of the opportunities and avert the drawbacks of this energetic original merchandising line. The sales string integrated into a Business to Business market covers every phase of selling procedure including quote, dialogue, billing and consignment tracking.

 

Author by Made-From-India.com

 

About Made-from-India

 

Made-from-India is an innovative and comprehensive online business-to-business (B2B) portal. It’s not just another B2B portal, but is meant for serious businessman only who care for Costing, Profit, Turn Over, Brand Promotion, Brand Creation, Brand Make Over, Edge Over others, and Growth.

 

For more details,

Visit:

 

MFI TRADE LINKS PVT LTD.

205-214 Advait Complex,

B/S Sandesh Press Road,

Vastrapur, Ahmedabad – 380015

Gujarat, India.

 

Or, email at info@made-from-india.com

 

ATG to relaunch lingerie e-tailer Figleaves web store

ATG (Art Technology Group Inc), the premier provider of e-commerce software and platform neutral optimization services, announced that figleaves.com, the world’s largest online retailer of branded lingerie, sleepwear, swimwear, hosiery and underwear, is set to relaunch its online storefront using ATG’s entire e-commerce suite.

A top online intimate apparel retailer, figleaves.com has more than 1 million customers with almost all orders taken online and fulfilled from sophisticated warehouses in Suffolk, UK and a North American warehouse in Windsor, Ontario.

The company carries a vast selection of international brands and has in stock over 40,000 stock-keeping units so as to offer same day dispatch from either the UK or the North American warehouses. The brand portfolio offers something for everyone – at all budgets, shapes and sizes – from Calvin Klein to Simone Perele.

As one of the pioneering fashion e-commerce companies, figleaves.com’s goal is to embrace technology which puts consumers first and allows the retailer a 360 degree view of its customers. Through the marketing and sales cycle to customer service, figleaves.com wanted to offer its customers a consistent and seamless experience.

To achieve this goal it wanted the capability to view a more complete and up-to-date profile of the customers, based on real-time behaviour, preferences and purchasing histories. Only ATG provides such a view for retailers and experience for consumers.

To deliver the most personalised customer experience possible, the company has chosen to relaunch its Web store implementing ATG Commerce, the company’s complete e-commerce suite.

The relaunched site will give figleaves.com a view of its customers across all contact channels and throughout the customer lifecycle. The new site will attract prospects via Web marketing campaigns, and ATG’s merchandising and search capabilities will be used to convert browsers into buyers. The company will also be able to provide consistent and ongoing customer care through ATG’s Commerce Service Center suite.

The highly scalable platform will create engaging and branded customer experiences across every touch point including the Web, e-mail, call centres, and mobile devices. It will also empower figleaves.com’s marketers and merchandisers by enabling them to manage directly all aspects of the e-commerce site including catalogues, pricing, marketing, promotions, search facets, campaigns and reporting.

The company has purchased and will be using ATG Recommendations on its current platform and future ATG platform to automatically deliver more individual product recommendations to its customers. Further, figleaves.com will utilize ATG’s eStara Click To Call product, an offering that turns a retailer’s call center into a sales center by providing an immediate human connection with consumers when needed. Click to Call engages buyers proactively and moves them seamlessly from the Web into live dialogue, creating a truly personal one-to-one experience in order to close sales.

Source by Fibre2fashion

 

Wal-Mart tops the list once again among top 100 retailers

Though the retail climate has changed dramatically in the last year, the top retail power players have not, according to STORES magazine’s Top 100 Retailers List.

The report, sponsored by SAP and featured in the July issue of STORES, is an annual snapshot of the retail industry and ranks companies by revenue and groups them on one chart regardless of the segment or segments in which they operate.

As the definition of retail continues to expand, technology and entertainment companies were added to the list, with Apple Stores/iTunes (no. 52), Dell Retail (no. 56), Verizon Wireless (no. 61), and AT&T Wireless (no. 81) all making their debut this year.

“With new products, a different ad campaign, or a fresh look, the best retailers are constantly reinventing themselves to remain relevant to their customers,” said Susan Reda, Executive Editor of STORES Magazine. “As consumers struggle with higher gas and food prices, lower home values, and a shaky economy, retailers are staying focused on how to appeal to shoppers during this difficult time.”

As it has since 1991 when STORES began compiling the Top 100 list, Wal-Mart tops the list again for 2007 with sales of $379 billion. According to the STORES article, while Wal-Mart continues to invest in its “green” and organic initiatives, it has not lost site of its original claim to fame of providing everyday low-prices for its customers.

Standing strong near the top of the list, The Home Depot is the nation’s second largest retailer. Home Depot’s rival competitor, Lowe’s, also landed on the list at number nine. Cincinnati-based grocer Kroger came in at no. 4.

Thanks to its acquisition of Caremark, CVS Caremark landed the number three spot on the list, up from number nine in 2006. The health and wellness industry has continued to outperform many other sectors, largely due to consumers cutting back on discretionary purchases and focusing on essentials. Walgreen saw sales increase 13.4 percent from 2006 to $54 billion, securing the number seven position for the Illinois-based drug store.

Costco (no. 5) and Target (no. 6), oftentimes competing for the same customer, maintained their positions within the top 10 with sales of $64 billion and $63 billion, respectively. Costco has consistently landed a top five spot for the last five years.

Rounding out the top 10 are Sears Holdings (no. and SUPERVALU (no. 10), moving Safeway down to number eleven.

STORES Top 100 Retailers:
1 Wal-Mart
2 The Home Depot
3 CVS Caremark
4 Kroger
5 Costco
6 Target
7 Walgreen
8 Sears
9 Lowe’s
10 SUPERVALU

“SAP is proud to sponsor this year’s STORES’ Top 100 list which recognizes that growth and innovation are keys to success in retail,” said Chris Verheuvel, Senior Vice President and General Manager, Retail, SAP America Inc. “Best-run retailers continuously find ways to understand their customers, anticipate their needs, and inspire their loyalty. SAP has a proven track record of helping retailers achieve these goals. In fact, more than 5,800 retailers and wholesalers worldwide are SAP customers.”

National Retail Federation

Source by Fibre2fashion

 

Revolution Health’s Lack of Health: Moving Away From B2B Focus; Consumer Only; Strategic Options?

Revolution Health, the high profile health information company founded by Steve Case, has been through its share of troubles over the last year or so: first it laid off about 60 employees from its Health Networks division eight months ago, and last month it laid off another 50 employees, about 20 percent of its present workforce, reports industry newsletter AISHealth. The company says the latest round of reductions was due to a reorgfollowing its December acquisition of HealthTalk, an online source of chronic-care information and programming, the story says. The company now has about 200 employees.

A not-so-secret-secret: Revolution is exiting out of its B2B services (direct-to-employer Web portal business ), and will only focus on consumer health portal/info, and the company confirmed it…it will continue to sell its portal capabilities through licensing partnerships with distributors such as Medco Health Solutions, the company says.

With this reorg, all of Revolution’s acquired businesses will have a single sales force, one content group and one marketing team. The key point is that the company is “yet to show a really cohesive and compelling business strategy,” the story mentions.

We have also been hearing some rumblings of the company looking for strategic options…among some of the options we have heard being discussed is outsourcing some or all of the online ad sales to a network like Glam Media or others. Glam has entered into health network sales recently, and has interests in looking at anchor tenants to own in the sector. More when we have more?

Meanwhile, Steve Case spoke at our EconHealth conference earlier this year in March, and the video is embedded below. Click on the “Browse Video List” button to view the two videos in this series.

Source by washingtonpost.com

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NetLine’s RevResponse.com Reports Strong Global Growth of New B2B Performance Based Publisher Network

LOS GATOS, Calif., July 1 /CNW/ — RevResponse.com, NetLine Corporation’s new B2B web site monetization service, has reported strong enrollment in 89 countries including Canada and the United Kingdom since launching April 1, 2008.

RevResponse.com offers online publishers a proven way to generate revenue while providing free, high quality contextual content. Global partner adoption has been so strong that RevResponse.com expects to approve tens of thousands of new partners by the end of 2008.

“Every website owner and blog publisher I’ve talked with wants to monetize their site, and RevResponse.com is gaining worldwide appeal,” said Robert Alvin, CEO of NetLine Corporation. “When we can offer B2B publishers a solid revenue channel by providing valuable free content for their audience, it doesn’t matter if the partner is in Dubuque or Dubai.”

A better alternative to Google’s AdSense for B2B focused websites, RevResponse.com offers relevant content through a customizable, contextual widget where business-to-business website and blog publishers can offer their users over 900 free industry related magazine subscriptions, whitepapers, product trials, podcasts, and document downloads from 33 distinct industry verticals. Commissions are paid through PayPal, and partners receive from $1.50 to $20.00 for each qualified subscription sign-up.

Since its launch in April, RevResponse.com has seen explosive growth around the globe as thousands of website publishers rush to sign on as partners. While many of the trade publications offered are published within the U.S., new print titles are continually being added for overseas audiences as well as electronic versions of both U.S. and international titles.

“With the internet’s ability to grow business without borders, we see RevResponse.com as a global monetization platform,” added Alvin. “Contextual business information is an empowering commodity, and publishers in the international community understand our strong value proposition.”

	    About RevResponse.com

RevResponse.com is owned and operated by NetLine Corporation, a leading B2B performance-based integrated marketing company that provides online lead generation and marketing services for Advertisers, Marketers, and Publishers. Clients include IBM, Juniper Networks, Microsoft Corporation, Neo(at)Ogilvy, SAP, and Universal McCann, among others. Founded in 1994 as the first online subscription services provider for magazine publishers, NetLine is privately held and headquartered in Los Gatos, California. For more information, or if you’re interested in joining, visit http://www.revresponse.com, or http://www.netline.com.

For further information

Clay Doherty, +1-415-227-1150, ext. 113, clay@hollenbeckassociates.com, for NetLine Corporation Web Site: http://www.revresponse.com http://www.netline.com

News taken by http://ca.us.biz.yahoo.com/cnw/080701/ca_netline_b2b_perfrm.html?.v=1

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B2B Electrical Contracting Service Launches New Website

B2B Electrical Contracting Service Launches New Website
Northern Kentucky Electric Service, Inc. Showcases New Service Offerings, New Branding

Northern Kentucky Electric Service, the greater Cincinnati industrial, manufacturing and retail electrical contractor, today launches its new website, available at www.nkyelectric.com. 

The new NKES website allows current and prospective clients to review the company’s service offerings, client testimonials and case studies. Facility managers visiting the site are also invited to take an energy management survey in order to benchmark their company’s energy usage in comparison with other area industrial and manufacturing facilities. 

“The new NKES website better defines the services available to our clients and accurately reflects our brand identity,” Northern Kentucky Electric Service president Mike Wissman said. “We are committed to helping companies improve their efficiency without sacrificing productivity, and our new, easy to navigate website is user friendly and straight to the point- just like us.”  

Also part of its recent rebranding, Northern Kentucky Electric Service has expanded its service offerings to include a program dedicated to helping manufacturing and industrial facilities reduce their energy and electricity load. Dubbed NKEco, the new program will enable NKES to help industrial and retail facilities cope with the rising cost of energy prices by improving efficiency.

###

About Northern Kentucky Electric

Northern Kentucky Electric offers on call assistance, eco-friendly upgrades, and design and build electrical support to its Cincinnati area Industrial and chain store clientele. Located in Alexandria, the electric contractor boasts a staff of certified experts who specialize in plant efficiency.  Northern Kentucky Electric Service is also a proud member of the U.S. Green Building Council, a non-profit organization devoted to increasing the number of green buildings in the United States. More information can be accessed at www.nkyelectric.com

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Gems, jewellery export may double by 2015

NEW DELHI, June 8: A multi-pronged approach is needed to position exports of gems and jewellery sector on to a higher growth trajectory, which could double in the next seven years, provided the industry takes some innovative steps, the industry chamber Ficci has said.

“A multi-pronged approach like transformation of the sector from family-owned to a professionally-managed business, innovation in design, focus on new markets and use of advanced technologies will push the gems and jewellery export to $37 billion by 2015,” the chamber said in a study.

This four-fold strategy, says the Ficci study, will push exports from the current $18 billion to $21 billion by 2010 and to $37 billion by 2015. Ficci also foresees an integration of jewellery, luxury and fashion as the next step in this ever-growing sector.

In 2006-07, exports from the industry stood at $17.1 billion, against $16.64 billion in 2005-06, registering a growth of 2.6 per cent.

The chamber also suggested that direct supply of rough diamonds from Angola, Canada and other diamond mining countries would be facilitated and most of the unorganised stone cutting units should be changed to organised ones.

“Certification of jewellery should be made mandatory and all exporters should be allowed to import gold freely,” it said. n SNS

Source: The Statesman.

 

India’s Export Growth in April

By Kartik Goyal

June 2 (Bloomberg) — India’s export growth accelerated in April as companies shipped more gems, jewelry, oil and other manufactured products to overseas markets.

Shipments jumped 31.5 percent to $14.4 billion from a year earlier, faster than March’s 26.6 percent gain, the government said in a statement in New Delhi today. Imports in April rose 36.6 percent to $24.3 billion, widening the trade deficit to an all-time high of $9.87 billion.

Overseas sales have risen as companies boost shipments to Europe, Japan and other developing Asian nations to counter slowing demand from the U.S., India’s biggest export market. Increased sales abroad may help sustain growth in Asia’s third- largest economy as inflation at a 3 1/2-year high crimps domestic spending.

Indian exports “are being buttressed by strong demand from emerging markets and oil-producing countries, helping offset slackening demand from OECD countries,” said Sonal Varma, a Mumbai-based economist at Lehman Brothers Inc. “A weaker currency also bodes well for India’s low-cost, labor-intensive exports, notably textiles and leather.”

Exports to the U.S. rose 9.3 percent in the nine months to Dec. 31, slower than the 10.6 percent gain in the same period a year earlier, according to the latest breakdown of overseas sales released by the central bank. India gives a more detailed analysis of exports five months after releasing initial data.

Shipments to Europe rose 25.5 percent in the nine-month period, from 16.2 percent in the year earlier, the central bank said. Exports to Germany gained 29.3 percent and sales to the Netherlands jumped 91 percent.

Weaker Currency

“I am confident that we will be able to sustain the growth process and overcome the challenges we face on account of the global slowdown,” Prime Minister Manmohan Singh said today, addressing a grouping of industries in New Delhi today.

A weaker rupee is good for Indian exporters, Trade Minister Kamal Nath said last week. The rupee has declined 7.16 percent this year, making it the second-worst performer among Asia’s 10 most-traded currencies excluding the yen.

“The deterioration in the external position has been an important reason why the rupee has softened a bit more than the currencies of several of its Asian partners over recent months,” said Robert Prior-Wandesforde, a senior economist at HSBC Holdings Plc in Singapore.

Trade Deficit

The trade deficit may widen to 9 percent of the gross domestic product in the fiscal year to March 2009 and the current account deficit to 2.8 percent, Prior-Wandesforde said.

To help boost overseas sales, the government plans to focus on promoting exports to 10 countries including Mongolia, Bosnia- Herzegovina, Albania, Macedonia, Croatia, Honduras, Djibouti, Sudan, Ghana and Colombia, Nath said on April 11.

Nath has set a target of more than tripling India’s share of world trade to 5 percent by the year 2020 from the current 1.5 percent.

India’s oil imports in April rose 46.2 percent to $8.03 billion as Indian refiners paid more for import of crude oil imports. India relies on imports of overseas crude oil to meet its three-quarters of its energy needs. Non-oil imports gained 32.3 percent to $16.2 billion.

“The unrelenting rise in crude oil prices threatens to disrupt the development process in a large number of oil importing developing countries,” Singh said today.

Source: Bloomberg.com