There is a negligible exports of bamboo from India.

 

"Export of muli bamboo till March 31, 2019 and bamboo products (except bamboo charcoal, bamboo pulp and unprocessed bamboo shoots) mace from bamboo obtained from legal sources has been permitted," the directorate general of foreign trade said in a notification.

 

It, however, said these exports are permitted subject to proper documentation and certificate of origin.

This certificate would be issued by the concerned state forest department from where the bamboo has been procured by the purchaser.

Germany is the prominent importer of Indian bamboos.

 

India's bamboo exports in 2016-17 was only USD 0.05 million (about Rs 32 lakh).

S

ynthite Industries inaugurates lab at Wageningen University 

 

Spice oils and oleoresins supplier Synthite Industries today said it has inaugurated its office-cum-laboratory at the Wageningen University campus in Netherlands.

 

The company which has customers like Pepsico, Nestle and Unilever has a target to achieve Rs 3,000 crore turnover by 2020.

 

Synthite Group Managing Director Viju Jacob said: "Our Europe office will be manned by employees from Netherlands and we are sure, 

Synthite will soon increase its customer base as well as sales volume in the European continent."

 

Globetouch acquires Indian start-up Teramatrix Technologies 

 

US based technology firm Globetouch has acquired Indian IoT start-up Teramatrix Technologies for an undisclosed amount.

 

"The addition of Teramatrix significantly improves our IoT (internet-of-things) and Connected Car strategies. We will be using our Cloud 

SIM and xFusion IoT technologies to enable the future of autonomous cars," Globetouch CEO Riccardo Di Blasio said in a statement.

Teramatrix developed a software platform that can enable cross industrial applications to enhance customer satisfaction and operational intelligence by analysing data emanating from devices, sensors, enterprise apps, workforce and customers.