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Foreign Investors Now Allowed to Invest Directly in Indian Stock Market

Jan. 5 – India has permitted overseas individual investors, pension funds, and trusts to directly invest in equities, in an effort to shore up investor confidence and attract money from overseas to bridge the widening current account deficit.

Procedures that enhance capital inflows are high on the government’s agenda as the international downturn led by the Euro Zone Crisis has led to investors pulling money out of Indian equities. For India, the problem has been compounded by a bend in investor confidence because of policy inaction leading to a sharp fall in new projects. Continue reading →

Posted in Economy and Politics, FDI and Foreign Trade, Finance, Tax and Accounting, Mumbai | Tagged Bombay Stock Exchange, India FDI, India Finance, India Sensex, India Stock Market | Leave a comment

India’s Top Six Cities – Free City Guides!

Dec. 22 – Asia Briefing takes a closer look at India’s top six cities (by GDP) in the newly released Indian city guides for Mumbai, New Delhi, Kolkata, Bangalore, Chennai and Hyderabad. These city guides are available for free download on the Asia Briefing bookstore.

1. Mumbai
GDP: US$209 billion

Mumbai is the most populous city in India and in the top five in the world. While the 2011 census estimated population at 12.4 million, external estimates suggest double that. Continue reading →

Posted in Bangalore, Chennai, FDI and Foreign Trade, Kolkata, Markets, Mumbai, New Delhi | Tagged Bangalore, Chennai, Hyderabad, India City GDP, India City Guides, Kolkata, Mumbai, New Delhi | Leave a comment

Amendments in India’s Industrial Policy

Nov. 15 – The main purposes of India’s Industrial Policy of the Government are to maintain a sustained growth in productivity, to enhance gainful employment, to achieve optimal utilization of human resources, to attain international competitiveness, and to transform India into a major partner and player in the global arena.

The Policy focus is on deregulating Indian industry, giving the industry freedom and flexibility in responding to market forces and providing a policy regime that facilitates and fosters growth within the country’s industry. Continue reading →

Posted in Economy and Politics, FDI and Foreign Trade, Legal and Regulatory, Location | Tagged India Economic Policy, India FDI, India FDI Policy, India Industry, India Investment, India Regulatory | Leave a comment

ICBC Sets Up Shop in India

Sept. 20 – China’s most valuable bank – Industrial and Commercial Bank of China (ICBC) – has become the first Chinese bank to establish itself in India. The bank is planning to start with an investment of US$100 million and aims to lend to corporations and cover sectors where Chinese companies have a presence such as power, telecom and infrastructure. The bank has set up an office in the Bandra-Kurla business district in central Mumbai and has appointed Sun Xiang as CEO for India. Continue reading →

Posted in FDI and Foreign Trade, Finance, Tax and Accounting, Markets, Mumbai | Leave a comment

Ford to Invest US$1 Billion in New Gujarat Plant

Jul. 29 – U.S. auto giant Ford said yesterday it would invest US$1 billion to build a vehicle assembly and engine plant in Gujarat as it increases production to exploit the country’s burgeoning car market. The new factory will employ around 5,000 workers and will be the firm’s second in India.

“Ford has very aggressive expansion plans in India and in Asia Pacific and Africa,” stated Joe Hinrichs, president of Ford Asia Pacific and Africa. Continue reading →

Posted in Automotive, Business, Chennai, FDI and Foreign Trade | Leave a comment

India a Preferred FDI Spot for Euro Zone

Jun. 13 – Despite several obstacles, India continues to be among the one of the preferred destinations for foreign direct investment (FDI) due to its elevated financial expansion, according to the survey of 800 executives by consultancy firm Ernst & Young (E&Y). Continue reading →

Posted in FDI and Foreign Trade, Mumbai, New Delhi | Leave a comment

Asia Briefing Releases New Doing Business in India Guide

Jun. 3 – Asia Briefing has just released the second edition of its popular Doing Business in India guide. The book covers all the topics essential for an enterprise or an individual to successfully establish and run a business in the country – including a demographic overview of the country as well as information on market entry structures, tax considerations, labor laws, operational costs, history, business etiquette and culture.

India was the second most attractive FDI destination in the world in 2010, according to the World Investment Prospects Survey 2010-2012 (China was ranked number one and Brazil number three). Furthermore, the country’s economy is expected to grow at 8.6 percent in 2010-2011 and the Indian government is shaping laws and regulations to make the country an utterly compelling destination for investment. Continue reading →

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India’s ICT Exports Double in 2009

Feb. 3 – India’s exports and imports of information and communications technology (ICT) grew by 244 percent in 2009, according to a UN agency.

Though India’s export growth surged rapidly, tremendous import growth moved India from 28^th to 17^th in the global ranking of ICT importers, according to the UN Conference on Trade and Development (UNCTAD).

Continue reading →

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