-
SEZs Exports Nearly USD 5B
(March 19, 2007)
The Industry and Commerce
Ministry has projected
exports from 63 Special
Economic Zones (SEZs)
operational since February
2006 to be about Rs. 21,631
crore (USD 5 billion) out
of an investment of Rs.
13,435 crore (USD 3
billion).<More>
-
Reliance and Nova Talk JV
(March 19, 2007)
Reliance Industries (RIL)
Group is apparently talking
to USD 6.5 billion U.S.
based plastics and
petrochemicals major Nova
Chemicals about a joint
venture (JV) that would
include product swaps and
infrastructure sharing.<More>
The Britannia Breakup
(March 19, 2007)
Collaboration between
Groupe Danone and Wadia
family owned Bombay Dyeing
in running Britannia India
and Wadia BSN is dead and
the entities are breaking
up these companies to
settle accounts.<More>
NABARAD Bonds Worth Rs.
5000 cr
(March 19, 2007)
The National Bank for
Agriculture and Rural
Development (NABARD) plans
to raise Rs. 5000 crore (USD
1.13 billion) through
capital gains bonds to
provide refinance to
cooperative institutions
for stepping up farm and
rural credit.<More>
|
|
-
Govt Panicking on Wheat
(March 19, 2007)
In a series of moves that
includes undue hikes in
procurement price and
import plans despite strong
forecasted production, the
government is sending
messages that it is
anticipating large
shortages in wheat.<More>
Textile Exports to Double
(March 19, 2007)
With the abolition of the
quota system in developed
nations and development
subsidy of Rs, 942 crore (USD
214 million), the Federal
Minister of State for
Textiles E V K S Elangovan
estimated that the textile
exports will double in the
next three years.<More>
U.S. Trade Court Dismisses
Shrimp Anti-Dumping Charges
(March 19, 2007)
In a significant loss for
U.S. charges of
anti-dumping against Indian
shrimp exporters, the U.S.
Court of International
Trade (CIT) dismissed US
Bureau of Customs Border
Protection (CBP) directives
for bonds matching the duty
as security.<More>
Teleradiology in Singapore
JV
(March 13, 2007)
Bangalore based
Teleradiology solution
announced a joint venture
with Singapore 's National
Healthcare Group (NHC)
where Teleradiology will
tap global market through
NHG which in turn will tap
Teleradiology for manpower.<More>
|
|
-
Germany, Singapore Take
Stake in BSE
(March 13, 2007)
Deutsche Börse and
Singapore Exchange Ltd. (SGX)
have negotiated minor
stakes in Bombay Stock
Exchange Ltd. (BSE) that
is seen as positioning the
nation better in a
global-economy.<More>
-
Chola's Overseas Fund
(March 13, 2007)
DBS Chola Mutual Fund
plans to launch a scheme
to invest exclusively in
overseas assets to allow
investors to spread their
risks better and reduce
country risk and this fund
provides a unique
opportunity to Indian
investors.<More>
-
Toshiba-L&T in Power
Generation
(March 13, 2007)
Japanese conglomerate
Toshiba Corp said it is
talking to Larsen and
Toubro (L&T) Ltd to start
a joint-venture to make
equipment specifically for
and create new coal-fired
power generation plants.<More>
-
Ore Export to China Hit
(March 13, 2007)
Responding to concerns
from environmental groups,
domestic steel businesses,
and manufacturing houses,
the federal government had
imposed an export duty of
Rs. 300 per ton but
Chinese importers are
boycotting Indian ore
demanding exporters absorb
the duty.<More>
|
|
-
Glenmark's Expansion in
Brazil
(March 13, 2007)
Glenmark Pharmaceuticals
is planning to double the
production capacity and
headcount of its
manufacturing unit in
Brazil in two years and
use this production to
reach South American
markets.<More>
-
Wal-Mart and Bharti Plan 3
Retail Brands
(March 13, 2007)
U.S. retail major Wal-Mart
and Bhrati Group are
planning to use three
brand names and store
formats for the Indian
market including a cash
and carry, front-end
retail outlets, and
franchisee-owned stores.<More>
Indians Buying Malaysia
Property
(March 12, 2007)
About 700 rich Indians,
businessmen, and film
stars seem to buying
property for residential
properties in Kuala Lumpur
after Malaysian Government
modification of rules
regarding foreign
ownership of property in
December 2006.<More>
Maxis Budgets Rs. 2000
Crore
(March 12, 2007)
Malaysian company Maxis
Communications owning 74
per cent stake in mobile
telecommunications
operator Aircel Cellular
plans to invest Rs. 2000
crore (USD 454 million)
and reach eight million
subscribed in 2007-08.<More>
|
|
-
BMW from Chennai by March
(March 12, 2007)
BMW India announced plans
to roll out its first car
(BMW 320ia) from the
Chennai manufacturing hub
by the end of March and
also disclosed plans to
manufacture the 5 series
from India.<More>
-
Suzlon Buys REpower for
€1.02B
(March 12, 2007)
World's fifth largest wind
turbine marker Suzlon
Energy outbid French Areva
offer by 20 per cent to
buy Germany-based REpower
Systems on an all-cash
deal worth €1.02 billion
along with Portugal's
largest builder Mota Engil.<More>
-
US State of Georgia Trade
Office in Bangalore
(March 12, 2007)
The U.S. State of Georgia
is planning to extend
trade office by Fulton
County and set up a
full-fledged trade office
in Bangalore to find new
markets for Georgia-made
products, attracting new
investments, and promoting
tourism.<More>
-
Essar Looking at Minor
Stake in Libyan Oil
(March 12, 2007)
The Essar Group is looking
to pick up a minor stake
of 20 per cent in Phoenix
Libya, oil and gas field,
with rights to increase
stakes to 50 per cent.<More>
|
|
-
India Set to Become No 2
in Telecom
(March 12, 2007)
According to
Telecommunications
Minister Dayanidhi Maran,
India will overtake the
U.S. and assume the second
position in subscriber
terms in 20 months.<More>
-
Jindal's Bolivian Steel
Plants for USD 2.1B
(March 12, 2007)
Steel major Jindal Steel
and Power Ltd (JSPL)
announced agreements with
Bolivia to invest USD 2.1
billion to set up a six
million tonne sponge iron
plant, 10 million pellet
plant, and 1.7 million ton
steel plant.<More>
-
India No. 2 Investor in
Bavaria
(March 12, 2007)
According to foreign trade
and location marketing of
German state of Bavaria
Thies Claussen, India may
soon assume the second
largest foreign investor
in the state known for
technology and industry.<More>
-
U.S. Prelim Anti-Dumping
Duty on Shrimp
(March 05, 2007)
The U.S. Department of
Commerce announced
preliminary anti-dumping
duty (averaging 10.54%) on
shrimp from India, China,
Vietnam, Brazil, Ecuador,
and Thailand.<More>
|
|
-
UK Bank to Close Direct
Interface Call Center
(March 05, 2007)
The United Kingdom's
largest consumer loan
provider, Lloyds TSB
Group, has capitulated to
domestic union and labor
demands to stop off
shoring activities to
India and closed its
direct interface
operations.<More>
-
India Willing but Cautious
on WTO
(March 05, 2007)
In a one-to-one meeting,
Minister for Commerce and
Industry Kamal Nath has
reportedly told his
European Union counterpart
Peter Mandelson that India
is willing to restart the
stalled Doha Round but is
unwilling to rush into a
deal.<More>
-
Essar Negotiating 20%
Stake in Libyan Oil Field
(March 05, 2007)
The Essar group is
negotiating with Phoenix
Libya (a subsidiary of
Phoenix AG) to buy 20
percent stake with rights
to buy up to 50 per cent
in an oil and gas field in
Libya and also plans to
take oil and gas blocks in
Iran, Papua New Guinea,
and Libya.<More>
-
BG-ONGC $1B Investment in
KG
(March 05, 2007)
British major BG Group Plc
and Indian major Oil and
Natural Gas Corporation (ONGC)
announced plans to invest
USD 1 billion in the
Krishna Godavari basin oil
and gas block.<More>
|
|
-
TVS Unit Sold to Finnish
Company
(March 05, 2007)
TVS Electronics is
planning to divest its
electronic contract
manufacturing services
business to Finland based
Incap Corporation for Rs.
50-60 crore (USD 11-13
million) to re-focus on
its core peripherals
business.<More>
-
Hindalco's Novelis Offer
(March 05, 2007)
Hindalco Industries
announced that it will
make a preferential
allotment worth Rs 2,600
crore (about $565 million)
to part-finance the
company's recent
acquisition of US
aluminium company Novelis.<More>
-
Informatica Plans
Expansion
(March 05, 2007)
The USD 325 million data
integration software
products company
Informatica, is planning
to grow its customer
support services business
from its India centre in
Bangalore and handling
one-third of its customer
services.<More>
-
US Tech Spending from
India to Increase
(March 05, 2007)
A Deloitte survey reported
that the U.S. will
increase its technology
services procurement from
India and China over the
next three years with
banks leading increasing
its spend of 6% of annual
IT spend of USD 44 billion
to 30% by 2010.<More>
|
|
-
PowerGrid to Raise Rs.
3800 Cr Debt
(February 27, 2007)
The Power Grid Corporation
of India Limited (PGCIL)
is planning to raise Rs.
3,800 crore (USD 863
million) through debt
instruments such as bonds
and loans during the
fiscal year 2007-2008.<More>
-
China to Buy India Coffee
(February 27, 2007)
Specialty Coffee
Association of Hong Kong &
the People's Republic of
China Director Barry Yuen
said that China has an
estimated five million
coffee drinkers whose
needs are mostly met
through imports.<More>
-
Populist Railways Budget
(February 27, 2007)
Railways Minister Lalu
Prasad Yadav presented a
populist budget that cut
prices across the board
with the claim that
increased traffic will
bring in more revenue but
critics have castigated
him on adopting policies
that will ruin Railways.<More>
-
Vodafone Headsets in India
(February 19, 2007)
China's leading telecom
gear maker the
$7.3-billion ZTE Corp has
reportedly met with
Vodafone Group to set up a
world-class GSM handset
manufacturing hub in India
to meet low-cost handset
requirements for Indian,
Brazil, and Russian
markets.<More>
|
|
-
Swiss Triumph to Expand
5000
(February 19, 2007)
Switzerland headquartered
innerwear brand Triumph
International revealed
plans to employ 5000
workers at its new
manufacturing facility
near Chennai to produce
15-20 million lingerie
units.<More>
-
Low-Cost US Motels to
India
(February 19, 2007)
US-based Patel Motels
along with others such as
Super8 Motels, Country
Hearth, Best Inns, and
Best Value Inn are to
enter India through the
franchisee route and
develop at least 20
Greenfield properties in
metros and secondary
cities.<More>
-
Italian Haute Couture Line
in India
(February 19, 2007)
Italian USD 833 million
Sixty Group revealed plans
to enter the Indian market
through exclusive
nine-year franchising and
trading partnership with
Delhi-based Indus Clothing.<More>
-
ONGC-ENI Energy Swap Deal
(February 19, 2007)
The Oil and Natural Gas
Corporation (ONGC) and
Iralian ENI SpA signed an
energy swap deal where
ONGC will take a 20-25 per
cent stake in a Congo
block that ENI owns in
return for a 30-35 per
cent stake in Mahanadi
basin block.<More>
-
AP- Ras Al Khaimah Ceramic
Tile Project
(February 19, 2007)
The Ras Al Khaimah (RAK)
has signed an agreement
with the Government of
Andhra Pradesh (AP) to
invest Rs. 9,000 crore (USD
2 billion) to set up an
alumina plant and aluminum
smelter unit to be used to
produce ceramic tiles.<More>
|
|
-
Toyota's Small Car Plant
(February 19, 2007)
Japanese car major Toyota
Motor Corporation is
reportedly planning an
investment of USD 330-420
million to set up a small
car plant near its
existing facility near
Bangalore with an initial
capacity to manufacture
100,000 cars a year.<More>
-
Norwegian Orkla Buys MTR
(February 19, 2007)
The USD 8.8 billion
branded consumer goods,
speciality materials and
financial investments
Norwegian company Orkla
has reportedly bought out
MTR Foods at a price of
USD 100 million.<More>
-
Disinvestment Has Morphed,
Restarted
(February 09, 2007)
In a bid to restart
disinvestment policy stalled
by allies of the government,
Finance Minister P.
Chidambaram said that the
cabinet has approved the
offload of a small part of its
holding in three public sector
power companies.<More>
-
India to Joins Madrid Trade
Mark System
(February 09, 2007)
The Federal cabinet approved
Indian's accession to the
Madrid Protocol on
International Registration of
Marks to provide better and
extensive protection abroad
for Indian marks owners.<More>
|
|
-
ONGC Gets 24 of 52 NELP VI
Blocks
(February 09, 2007)
India approved 52 oil and gas
blocks and and the Oil and
Natural Gas Corporation (ONGC)
bagged 24 of them.<More>
-
Achieving a Sustainable
Economic Growth Rate
(February 08, 2007)
In yesterday's piece "Is
the Economic Growth
Sustainable?" we showed
that the Indian economy
has excellent
fundamentals but is also
riddled with risk. In
this article, we will
list various fixes that
are necessary to ensure
that the growth rate
continues.<More>
-
Is the Economic Growth
Sustainable?
(February 07, 2007)
If economic reforms keep
pace, in the next
several years, the
Indian economy is
expected to pass Italy,
France, and the UK and
become the fifth largest
in the world spurred by
more efficient
industries competing
with the global system.<More>
-
Singapore Distraught
About SEZ Freeze
(February 07, 2007)
The Singapore government
has demanded explanation
from the government on
the recent policy to
freeze the Special
Economic Zone (SEZ)
approvals and
notifications.<More>
|
|
-
RBI Squeezes Money Supply
(February 06 , 2007)
The Reserve Bank of India
(RBI) hiked the Repo Rate to
control money supply making
loans more expensive and also
limiting risky credit exposure
in sensitive areas—this key
rate is the rate at which
banks lend against government
bonds.<More>
-
Govt to Buy SBI, NABARD off
RBI
(February 06 , 2007)
In a surprising move, the
government has decided to buy
India’s largest bank State
Bank of India (SBI) and
National Bank for Agriculture
and Rural Development (NABARD)
from the current holders
Reserve Bank of India (RBI).<More>
-
Farmers to Co-Own SEZs
(February 05 , 2007)
With increased opposition from
farmers over arbitrary
allocation of farm land for
Special Economic Zone (SEZ)
industrialization, the federal
government seems to have
evolved a formula where the
dispossessed farmers may
co-own SEZs.<More>
-
Russia Supports Natural Gas
Cartel Idea
(February 05 , 2007)
Russia has proposed a gas
producing cartel idea from
Iran along the lines of the
oil producing cartel so
natural has exporters can come
under a banner to control
output to keep prices at
higher levels.<More>
|
|
-
US-China IPR Spat
(January 31 , 2007)
As trade gap between the
United States and China
widened, the countries
appeared to be on collision
course over intellectual
property rights (IPR) with
Washington accusing Beijing of
counterfeiting American goods.<More>
-
US-China IPR Spat
(January 31 , 2007)
As trade gap between the
United States and China
widened, the countries
appeared to be on collision
course over intellectual
property rights (IPR) with
Washington accusing Beijing of
counterfeiting American goods.<More>
-
Indo-Australia Trade Prospects
(January 30 , 2007)
In an interview with
Deccan Herald,
Australian Trade
Commissioner for South
Asia Michael Moignard
advocated increased
trade and value addition
from Australia to boost
bilateral trade levels
from USD 8.6 billion.<More>
-
Indian Economy to Surpass US
by 2050
(January 29, 2007)
A recent Goldman Sachs study
projected that India, along
with China, will surpass the
US economy by 2050 as India
has moved onto a much faster
trajectory fueled by strong
and steady manufacturing
productivity gains.<More>
|
|
-
Wipro in Saudi JV
(January 25, 2007)
Wipro Infotech and Dar Al
Riyadh Group formed a joint
venture called the Wipro
Arabia Ltd specifically to
cater to the IT market in
Saudi Arabia with Wipro owning
2/3rd and the Saudi partner
the rest.<More>
-
“Red Tapism†Slowing Indo-UK
Trade
(January 25, 2007)
Chairman of the Indo-British
Partnership Network (IBPN)
Lord Karan Bilimoria said in
an interview with the Times of
India that although “reduced
to a great extent,†the
biggest bottleneck to further
bilateral trade is “Red tapism.â€<More>
-
Pak Hurdles on SAFTA
(January 25, 2007)
Hailing Afghanistan’s entry
into the South Asian
Association for Regional
Cooperation (SAARC), an Indian
official complained about
Pakistan’s refusal to
implement South Asian Free
Trade Agreement (SAFTA) which
impeded regional trade.<More>
-
M&A Worth $8B in FDI
(January 24, 2007)
Global economists have
predicted that the “high
performance of the Indian
economy†infused by “the
improving policy environmentâ€
is expected to accelerate
“direct investment†to USD 8
billion from USD 6.5 billion
the previous year.<More>
|
|
-
IT Revenues Projected at USD
47B
(January 24, 2007)
An industry review of
Information Technology and
Information Technology
Enhanced Services (IT/ITES)
projected a 28% growth revenue
from these sectors to net USD
47.8 billion and its portion
of gross domestic product
(GDP) at 5.4% in 2006-07.<More>
-
India Bullish on Growth
(January 23, 2007)
A recent survey of 200
business houses found that
business confidence index for
October 2006-March 2007 was
higher by 2.5 points at 71.8
from the previous 6 months and
85% of the respondents
revealed plans for increased
investments.<More>
-
Stalemate on SEZ
(January 23, 2007)
The Empowered Group of
Ministers (EGoM) for Special
Economic Zones (SEZs) ended
its review meeting
“inconclusively†but said that
it is considering ways of
infusing “export obligationsâ€
in order to differentiate
between proposals.<More>
-
FDI Grows 120%
(January 22, 2007)
Commerce & Industry Minister
Kamal Nath said that Foreign
Direct Investment (FDI) inflow
surpassed all previous
projections and is expected to
grow at 120% to USD 15 billion
this fiscal year.<More>
|
|
-
Over 200m Jobs by 2020: Brown
(January 22, 2007)
British Prime Minister in
waiting and Chancellor of the
Exchequer Gordon Brown said
that India is set to create
25% of extra jobs or an
estimated 200 million jobs by
2020 which will be more than
the numbers created in the US,
Europe, and China put
together.<More>
-
Need to Resuscitate Doha Round
(January 20, 2007)
“Confident that India will
make a constructive
contribution to the last
laps,†World Trade
Organization (WTO) Chief
Pascal Lamy warned that the
“window of opportunity†will
“close sometime this year.â€<More>
-
SEZ Policy on Hold
(January 20, 2007)
Spreading protests from
farmers arbitrarily thrown out
of their land for
below-the-market payments to
create under-planned Special
Economic Zones (SEZ) has
prompted the government to
suspend this policy.<More>
-
Indo-Russia Trade Needs
Addressing
(January 18, 2007)
Ahead of Russian President
Vladimir Putin’s visit later
in January, Indian industry
leaders want a permanent
vehicle to discuss and manage
non-tariff barriers and
developing reliable trade
routes is created.<More>
|
|
-
UK Interests in Indian
Agriculture
(January 18, 2007)
The largest business
delegation from the UK
totaling representatives from
150 businesses has promised
investments in food
processing, agriculture
retail, and manufacturing and
also seeks deregulation of
financial, legal services, and
retail sectors.<More>
-
FDI & FII May be Merged
(January 17, 2007)
The government is
reportedly mulling to
amend the Foreign
Exchange Management Act
(FEMA) to remove
theoretical distinction
between foreign direct
investment (FDI) and
foreign institutional
investor (FII).<More>
-
Tele-Density Rises
(January 17, 2007)
Keeping pace with a
smart economic growth,
tele-density (the number
of telephone
subscribers) surged to
17.16% or 189.33 million
users in December 2006
with wireless
subscribers registering
the largest segment with
149.5 million. <More>
-
Stronger Pitch in
Sakhalin Bid
(January 17, 2007)
Responding to Russian
President Vladimir
Putin’s invitation of a
higher Indian
participation in his
country’s energy sector,
Indian oil major Oil and
Natural Gas Company (ONGC)
may tie-up with Russian
firms for a larger bid
in Sakhalin-III project. <More>
|
|
-
Economic Outlook for
2006-2007
(January 16, 2007)
Prime Minister Manmohan
Singh’s high-powered
economic advisory
council (EAC) presented
their economic outlook
projecting current
account deficit (CAD) of
1.5%, foreign direct
investment inflow of USD
9 billion, and reserve
buildup of USD 22.6
billion.<More>
-
More Areas for Wheat &
Maize
(January 16, 2007)
An Agriculture Ministry
note claims that the
area with wheat and
maize cultivation this
year is larger than that
of 2005-06 in Bihar,
Gujarat, Karnataka,
Madhya Pradesh,
Maharashtra and Uttar
Pradesh lending hope of
higher production of
these staple crops.<More>
-
2006 Exports Topped
Expectations
(January 11, 2007)
Indian exports achieved
a key milestone when it
crossed the
psychological barrier of
USD 100 billion in 2006
with a growth rate of
24% and over 13% of
total gross domestic
product (GDP) valued at
USD 800 billion compared
to 6% in 1990-91.<More>
-
Problems with SEZ Policy
(January 11, 2007)
The Industry and
Commerce Ministry has
rightfully taken credit
for the creation of the
Special Economic Zones (SEZ)
Act 2005 but the policy
lacks transparency and
seems ad hoc in
implementation.<More>
|
|
-
Next Outsourcing Wave
Anticipated
(January 10, 2007)
A recent study suggests
India would start seeing
a new wave of Business
Transformation
Outsourcing (BTO) where
consultants will advice
clients on transforming
businesses, enhance
performance, and make
strategic decisions.<More>
-
Call to Open Govt IT
Procurement
(January 10, 2007)
A non-profit public
policy think tank asked
India to open up
government Information
Technology (IT)
procurement policies by
removing restrictions on
foreign manufactured
equipment and
instituting stronger
intellectual property
rights (IPR) protection
mechanisms.<More>
-
Hardware Blossomed in 2006
(January 09, 2007)
Having established itself as a major
information technology and related
services sector, India saw an
increasing number of hardware
manufactures attracted to the
country driven largely by the
promising domestic market.<More>
-
Biogas Innovations Promising
(January 09, 2007)
Ashden Awards extended to
“organizations which have carried
out truly excellent, practical, yet
innovative schemes demonstrating
sustainable energy…at a local levelâ€
has come to many Indian
organizations.<More>
|
|
-
YSR’s Electricity Sops
(January 04, 2007)
Andhra Pradesh (AP) Chief Minister
Y.S. Rajasekhara Reddy (YSR) said
that his government will absorb the
additional cost burden of
electricity incurred because of
purchases from federal pools at a
higher cost.<More>
-
RBI Rate-Based Navigation
(January 04, 2007)
While the economy was in full
throttle last year, increasing
concerns on excess liquidity and
inflation saw the Reserve Bank of
India (RBI) trying to steer the
economy to sustainable levels
through a process of rate hikes.<More>
-
Belarus-Russia Gas Conflict
(January 02, 2007)
Allies Russia and Belarus seem
to be heading for a stalemate
over the price of gas that can
plunge Europe into gas
shortages if supplies are
halted by Russian company
Gazprom and affect its living
and businesses.<More>
-
Increased Foreign M&A
Projected
(December 27, 2006)
Investment bankers and
analysts project increased
merger and acquisitions (M&A)
activity in the information
technology (IT) space where
smaller Indian companies are
acquired by larger foreign
players but do not rule out a
large deals either.<More>
|
|
-
Energy Concerns &
Alternatives
(December 25, 2006)
As India’s economy grows at a
breathtaking 9.1% its hunger
for energy to sustain this
growth is higher and though
per capita energy consumption
is relatively low, its energy
use is expected to surpass
Russia and Japan to be the
third largest consumer of
energy by 2030.<More>
-
Govt to Divest from Maruti
(December 23, 2006)
After 25 years of partnership with
Japanese Suzuki Motors through
Maruti Industries, the Government
has decided to sell its remnant
10.27% stake for an estimated Rs.
2,700 crore (USD 586 million) to
overcome budget deficits.<More>
-
ustainable 9% GDP Growth
(December 21, 2006)
Led by strong manufacturing growth,
the economy grew at a robust 9.1% in
the first half of fiscal year with
exports clocking 34.9% prompting the
government to claim that the growth
pattern “reflected the ability of
Indian manufacturers to meet
international standards.â€<More>
-
India OK to Pay More for
Iranian LNG
(December 19, 2006)
India announced that it is
considering paying a higher
price of up to USD 4.50 per
million British thermal units
(BTU) for Iranian Liquefied
Natural Gas (LNG) and close a
long-term supply deal to fuel
its fast growing economy.<More>
|
|
-
Mining Policy to Attract FDI
(December 13, 2006)
A new mining policy is being formalized
aiming to attract more foreign direct
investment (FDI) through joint ventures
which is now only USD 150 million and the
new target investment value is Rs. 100,000
crore (USD 22.22 billion) in the next 2
years.<More>
-
NE Power to North
(December 08, 2006)
The central transmission
utility under the Power
Ministry Powergrid Corporation
is launching a critical power
transmission project that will
connect power rich North East,
estimated at 50,000 megawatts,
with power starved rest of
India.<More>
-
Impact of China-Pak FTA
(December 07, 2006)
A closer look at the China-Pakistan
Free Trade Agreement (CPFTA) to
targeted at specific products for
trade and opening avenues to
liberalize services shows that this
deal may not affect Indian
businesses or trade with China or
Pakistan.<More>
-
Mauritius Tax Treaty in Trouble
(December 06, 2006)
The Indo-Mauritius comprehensive
economic cooperation and partnership
agreement (CECPA) bilateral treaty
covering investment and trade in
goods and services has hit a hurdle
with New Delhi demanding disclosure
of cover-up companies hiding
identities.<More>
|
|
-
India, EU Talk FTA
(December 06, 2006)
India and the European Union (EU)
have signed a “Joint Feasibility
Study†to pave way for a regional
and bilateral free trade agreement
even as officials acknowledge that a
multilateral trade agreement is
preferable.<More>
-
Growth 9%, Deficit Contained
(December 01, 2006)
The economy grew an astounding 9% in
the first half of fiscal year (at
9.2% in Q2) due to impressive
manufacturing sector performance and
despite slowdown in the farm sector,
inflation concerns, and ballooning
fiscal deficit.<More>
-
Oct Exports Down
(November 30, 2006)
Indian export growth which have been
growing at breakneck speed in the
first half of fiscal year,
decelerated to 18.51% valued at USD
9.6 billion (from USD 8.1 billion
last year) raising fears that
overall cumulative growth for the
year may be impacted.<More>
-
GSP Retaliation for WTO
Negotiations
(November 30, 2006)
Even though there has been an
overwhelming support for the Indo-US
civilian nuclear deal among US
policy makers, India is nervous
about how they will deal with the
Generalized System of Preference (GSP)
mechanism set to expire next month.<More>
|
|
-
Iran’s Proposed Price Rejected
(November 29, 2006)
In rare unity, India and Pakistan
have rejected a proposal by
Iran–appointed consultant with new
pricing for the USD 7 billion
Iran-Pakistan-India pipeline project
because “certain parameters given by
Iran, was not acceptable to India
and Pakistan.â€<More>
-
Govt Promises Economic
Reforms
(November 28, 2006)
India is planning to allow
foreign direct investment (FDI)
in the healthcare and
education sectors, continue
with reforms in the financial
sector, and dilute government
equity in public sector
enterprises through the
Initial Public Sector Offering
(IPO) route.<More>
-
Govt Promises Economic Reforms
(November 28, 2006)
India is planning to allow foreign
direct investment (FDI) in the
healthcare and education sectors,
continue with reforms in the
financial sector, and dilute
government equity in public sector
enterprises through the Initial
Public Sector Offering (IPO) route.<More>
|
|
-
Demands to Phase-Out Ore Export
(November 24, 2006)
The Federal Steel Ministry, at
variance with the Mining and
Commerce Ministries, demanded that
iron ore exports be phased out since
“current ore reserve is slated to
last only 60 to 70 years†and this
policy could jeopardize the
stability of domestic steel units.<More>
-
Railways Profits Up
(November 24, 2006)
The largest railways in the world,
the Indian Railways, reported
earnings in November at Rs. 1706
crore (USD 370 million) and an
increase of 22% from last year due
to better freight and passenger
capacity utilization.<More>
-
India’s Faltering Energy Strategy
(November 23, 2006)
Gearing for the future, India is
formulating a policy for development
of Natural Gas Pipelines for cities
and on November 16, met with a
number of prospective providers
including Exxon Mobil, BG, Shell,
RIL, ADAG, TERI, BP ( India ), and
Oil PSUs.<More>
|
|
|