Other Briefings
India and Russia Boost Trade and Investment Ties
Sept. 25 – 120 Indian delegates, led by Union Minister of Commerce and Industry Anand Sharma, arrived at St. Petersburg last week to discuss the economic development of the two countries and the expansion of bilateral investment potential. During his opening speech, Chairman of the Industrial Policy and Innovations Committee Mr. Mayksin said that “the […]
India to Boost Infrastructure Investment Through Trust Fund
Sept. 24 – The Indian government is currently working to set up a long-term infrastructure trust fund that would be open to both foreign and Indian investors – which would be similar to the real estate investment trusts in countries such as Singapore, Hong Kong and the US – by the end of this year […]
Top Indian CEOs Optimistic On Economic Future
Sept. 19 – While India has struggled as of late economically, there are signs that the future holds much more promise for this recently embattled country. After hitting an all-time low, the rupee has risen to 63 from 68 compared to the U.S. dollar. Moreover, in recent surveys, Indian industrial production had risen by close to […]
India and Sri Lanka Sign Textiles Agreement
Both nations to target the Chinese consumer Sept. 18 – The Indian and Sri Lankan Governments have signed a memorandum of understanding (MoU) in the textiles industry to take advantage of changes in China’s consumer behavior. Zohra Chaterji, Secretary of the Indian Ministry of Textiles said that “China’s textiles industry is gradually moving from production […]
Japan to Help India Boost its Manufacturing, Trade and Investment
Sept. 17 – Japan will help India boost its manufacturing exports through a program designed to facilitate greater cooperation between the two countries. The program, which was announced this week during a meeting between India’s Minister of Commerce Anand Sharma and Japan’s Minister of Economy, Trade and Industry Toshimitsu Motegi, will continue a long-standing business […]
India Releases Draft Rules for New Companies Act
Sept. 12 – The Indian government has released new draft rules for the 2013 Companies Act, which will replace the original Companies Act of 1956. The new draft rules cover the first half of the Companies Act and will be open for public comment until October. The second half of the Companies Act draft rules […]
Rupee Surges as India’s Trade Deficit Narrows
Sept. 11 – Recent government data has shown that India’s trade deficit narrowed to US$10.92 billion in August (from US$12.27 billion in the previous month) due to higher exports and lower imports. In August, exports increased 12.97 percent to US$26.13 billion, the second straight month of double digit growth, while imports decreased 0.68 percent to […]
Indian Cabinet’s Project Monitoring Group Lifts Barriers on 217 Developments
Billions of investment dollars set to flow as Government cracks down on red tape Sept. 9 – The Indian government has recently removed several procedural hurdles that were responsible for bottlenecking large infrastructure projects worth a total of US$26 billion. Power projects saw the greatest liberation, which includes 17 developments previously stalled due to red […]
