NEW DELHI, December 23 – BUSINESS STANDARD – Engineering exporters from Gujarat are exploring newer export destinations in Latin American and South-East Asian countries as conventional export destinations like US and Europe leave less business opportunity amid current gloomy economic condition. Even as engineering exports accounts for the 21 per cent of country's total exports, the sector is reeling under the impact of economic slowdown in key markets. Industry insiders maintained that the orders from US and Europe are slowing down, prompting the industry to consider newer export destinations including Latin American and South-East Asian countries. – BUSINESS STANDARD – MedPlus Healthcare Services, a Hyderabad-based pharma retail chain, on Thursday marked its entry into the beauty and personal care segment with the launch of its online beauty store – MedplusBeauty.com. The e-commerce potential in India is around $10 billion now and is estimated to reach $100 billion in the next six years at a CAGR of 47 per cent. The growth will be driven by Tier-II cities and the increasing affluence in urban population. – BUSINESS STANDARD – The government plans to amend the Drugs and Cosmetics Act, in order to recognise medical devices as a separate category for easier regulation and give a boost to the segment. The Health Ministry has also proposed appointing 300 medical devices officers to tackle the needs of the growing medical devices industry. – ECONOMIC TIMES – India and Japan will seek to push their stalled nuclear talks and focus on expanding economic ties when Japanese Prime Minister Yoshihiko Noda touches down here on 27 December (Tuesday) for annual summit with Prime Minister Manmohan Singh. The two leaders are expected to focus on reviving civil nuclear negotiations which stalled after the March 11 Fukushima radiation disasters. The two sides have already held three rounds of nuclear negotiations. The two sides, who signed a Comprehensive Economic Partnership Agreement (CEPA) earlirt this year, will also be looking to step up trade and investment. The two countries are looking to scaling up bilateral trade to $25 billion from $10.3 billion.