Market Watch

Cargo Location Service for Industrial Corridors, Japanese Industrial Townships Proposed – India Market Watch

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Expansion of cargo location service to benefit logistics in India

After successful implementation along the Delhi Mumbai Industrial Corridor (DMIC), India will expand logistics visualization services using radio frequency identification tags (RFIT) to other industrial corridors, such as the Chennai-Bangalore route. This will allow logistics operators to perform real-time searches based on accurate positional information, for instance, showing the location of containers being transported by rail or road.

The move is in keeping with the pro-business reforms and infrastructure development heavily pushed by the Modi government. It will be facilitated through a 50-50 joint venture between the developer behind the DMIC – the Delhi Mumbai Industrial Corridor Development Corp. (DMICDC) – and Japanese information technology company NEC Corp.

India’s government owns a 49 percent stake in DMICDC, while Japan Bank for International Cooperation holds a 26 percent stake.

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Обзор Саммита БРИКС 2017

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Edited by Maria Kotova
Translated by Veronika Petruleva

BRICS 2017 Summit Военное противостояние в Докламе – районе, граничащем с Индией, Бутаном, Тибетом и Китаем, резко изменилось, так как Китай и Индия выбрали «быстрое освобождение».

На следующий день премьер-министр Моди подтвердил свое участие в саммите БРИКС в Сямыне, Китай, – с 3 по 5 сентября.

Продолжающийся саммит начался с позитивной ноты с долгожданным рукопожатием Моди и президента Си Цзиньпина.

Придание политического контекста саммиту – это напряженность, которая остается между Индией и Китаем после того, как китайские войска начали строить дорогу в приграничном районе Доклам. После двух с половиной месяцев военного напряжения, пропаганды средств массовой информации и агрессивных посланий обе страны согласились на взаимное деэскалацию напряженности.

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BRICS Summit in China, Modi Cabinet Reshuffle – India Market Watch

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After Doklam stand-off, Modi and Xi shake hands

A military stand-off in Doklam – an area bordering India, Bhutan, Tibet, and China – came to a dramatic close last Monday as China and India opted for an “expeditious disengagement”.

The next day, Prime Minister Modi confirmed his participation at the BRICS Summit in Xiamen, China – a three day affair from September 3rd to 5th.

The ongoing summit began on a positive note with a much awaited handshake from Modi and President Xi Jinping.

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FMCG Firms Target India’s Rural Markets, Metro Rail for New Cities Ahead of Elections – India Market Watch

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Rural India key for Mondelez new investments

Consecutive bad monsoons and recent government policies – demonetization and the introduction of the goods and services tax (GST) – have resulted in declining sales overall for India’s fast-moving consumer goods industry.

Regardless, India’s economy is picking up the pace, and the overwhelming verdict by analysts point to faster growth rates registered in rural India than urban centers.

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Rising Costs for India’s Engineering Exporters, Digital Economy Growth Trends – India Market Watch

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Engineering exporters, shipping companies in India suffer increased costs under GST

The Engineering Export Promotion Council of India (EEPC) has reported increased costs for shipping companies under the Goods and Services Tax (GST) regime due to changes to the refund schedule and roll back of tariff incentives.

Under the GST, drawback refunds will not be released till the end of September or October. Further, supplies of goods to export oriented units (EoU) from domestic tariff area are no longer considered as ‘deemed exports’; shippers will not be allowed to import inputs without payment of duty under Advance Authorization.

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