Op-Ed Commentary: Chris Devonshire-Ellis
Sept. 3 – With news that management from India’s Apollo Tyres is “not welcome” in China following the proposed takeover of the Cooper Tires Shandong joint venture by India’s Apollo Group, the factoring in of China’s increasingly shrill commentary surrounding foreign investors is starting to cause waves of concern.
The Cooper M&A deal – in which the American parent is the subject of a US$2.5 billion takeover by Apollo – has had a spanner thrown into the works by the local Chinese labor union, which has called on the local JV workers to carry on disruptive actions to prevent the deal from going through. With the local labor union boss Liang Yiting claiming the union was “not consulted” and that new India management would “not be welcome,” the union has sanctioned its 5,000 workers to bar American management from their own premises, refused to implement IT changes required to align the plant with Apollo’s systems, and destroyed or denied access to company records. This is despite the fact that the Chinese partner owns less than a 50 percent stake in the company.
“We oppose this purchase also because Apollo is an Indian company,” Liang said, according to the Wall Street Journal. “If it was Michelin, we might have agreed.” Continue reading
Includes holiday schedules for the rest of 2013
By Dezan Shira & Associates
Aug. 6 – India is a land of cultural diversity. It is one of the oldest civilizations in the world and is a complicated mixture of old and new traditions from the West and East. The vivacity of the large cities, the variety of people, the mêlée of sounds, the richness of colors and smells and the unpredictable nature of day-to-day life all defines India. If you are planning to do business with or in India, it is important to try and understand the astonishing richness of this vibrant culture.
Given how complex a country India is, it is important to not impart generic conclusions on how to do business there. Regionalism, industry, and people are all factors that need to be taken into account when doing business in India. Behavior, etiquette and approach may need to be modified depending on whom you are working with. Continue reading
May 7 – Kolkata, once India’s capital under the Raj and one of its most enigmatic cities, is getting a makeover of its most historic areas from Asian practices familiar with preserving ancient buildings. Formerly known as Calcutta, the city was once one of the world’s largest ports and a flagship of the British Empire. It saw its fortunes wane, however, after trade from what became Bangladesh dried up and the Chinese occupation of Tibet ceased to connect the city with Lhasa. Up until that time Kolkata had been the import and export hub for Tibetan products – neither Lhasa or Kolkata have ever recovered their previous trade and historical ties.
As a result, Kolkata’s once thriving China town, home to the largest number of Tibetans outside of Lhasa, is now a pale imitation of what it once was. Meanwhile, iconic areas such as College Street, which inspired poets such as Allen Ginsburg, have been left to decay over the past five decades. The area is also home to the famous Indian Coffee House, which now serves coffee for just Rs 8 to students and tourists, yet in the 1970’s was a meeting point for Maoist insurgents and Indian communists. This building will be receiving a makeover as well, reminiscent of the Café Leopold in Mumbai. Continue reading
By Ian Bhullar
Jul. 26 – Pranab Mukherjee, until recently India’s sitting finance minister, has been elected president of India. Having garnered the requisite number of votes in an ongoing count on Sunday, he took office on Wednesday.
Some media outlets have lauded Mukherjee as Asia’s and the world’s best finance minister, while others have described him as the worst finance minister in India’s history. What role will Mukherjee play, and what is the outlook for his presidency? Continue reading
By Harshit Khandar
Jun. 18 – This article provides one with information on how to apply for an employment visa and residence permit in India, some exclusive schemes and the necessary documentation needed.
For entry into India, a passport valid for at least 180 days and with at least two blank pages is required by all nationals. Nationals are advised to contact the embassy to check visa requirements for India. Continue reading
Jul. 21 – India’s Union Minister of Corporate Affairs released the “National Voluntary Guidelines on Social, Environmental and Economic responsibilities of Business” this week, highlighting the subject of ethical responsibility in India’s corporate culture.
The Minister of Corporate Affairs believes these new guidelines will strengthen India’s corporate sector and enable it to evolve into a global leader in responsible business. He said the beginning of industrialization in India marked the transition from merchant charity to industrial philanthropy, which is more secular, more inclusive in terms of caste, creed and community and more oriented towards bringing progress to society through modern, western-style institutions. Continue reading