Other Briefings
Iconic Kolkata To Receive Make Over From Foreign Investors
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 […]
Report: India Creativity Index Released, Delhi Among Top
May 6 – Delhi took the top spot this year in the recently released annual report from Martin Prosperity Institute measuring Global Creativity Index, called “Understanding the Creative Economy in India”. Chandigarh, Punjab, Kerala, Goa, Mizoram, Andaman & Nicobar Islands, Puducherry and Maharashtra round out the top 9, while Haryana and Manipur tied for 10th. The […]
Obama’s Proposed U.S. Trade Representative Demonstrates Economic Shift Towards India
May 6 – The proposal by United States (U.S.) President Barack Obama to make Michael Fromen the new U.S. Trade Representative indicates a policy shift in American thinking, both in terms of trade and politics. Fromen, a Harvard graduate and former classmate of Obama, is also the U.S. Government’s chair of the U.S.-India CEO Forum, […]
India-U.S. Trade Development to Focus on Technology & Energy
May. 3 – Nirupama Rao, the Indian Ambassador to the United States, has said that while cooperation on bilateral issues between India and the United States (U.S.) remains on track, aspects such as technology and energy have become a focal point of the ties between the two countries. “Technology is very much a driver in […]
IKEA Cleared for Market Entry Into India
May. 3 – Ikea has become the latest multinational corporation (MNC) retailer to plant its feet in the fast reforming Indian market. India’s Cabinet Committee on Economic Affairs cleared a 1.5 billion euro (US$2.4 billion) investment plan by Ikea on Thursday this week which formally paved the way for the Swedish retail giant to set up […]
Unilever to Spend Billions on Increasing Its India Stake
May. 2 – Unilever has earmarked a whopping US$5.4 billion to increase its equity stake in its Indian joint venture (JV). As Indian rules relax concerning the amount of equity foreign corporations can hold in JV’s, Unilever has taken the opportunity to increase its stake in Hindustan Unilever (HUL) from 52.5 percent to the maximum […]
World Bank: India’s Economy Ticking Upward
May. 2 – The World Bank recently released the latest edition of its India Development Update, which states that the Indian economy is trending upwards and would likely grow by 6.1 percent in 2013 thanks to the country’s robust domestic demand, strong savings and good investment rates of return. Martin Rama, the World Bank’s Chief Economist […]
India To Establish National Investment and Manufacturing Zones
By Sondre Ulvund Solstad May 1 – The Indian Government has granted in-principle approval for the establishment of 12 National Investment and Manufacturing Zones (NIMZs) throughout India. According to the official press release from the Indian Ministry of Commerce and Industry, India seeks to create industrial townships which will be benchmarked to be the best […]
