Other Briefings
India Considers Possible Free Trade Agreement with Turkey
Sept. 10 – The Indian government is exploring the possibility of a duty-free trade agreement between India and Turkey. The Financial Express reports that India’s Commerce minister Anand Sharma confirmed that a panel will look into a trade agreement between the two countries during a meeting of India-Turkey Joint Committee on Economic and Technical Cooperation […]
India to Introduce Plastic Bank Notes
Sept. 9 – The Reserve Bank of India is set to introduce plastic bank notes in the ten rupee denomination. The plastic bank notes would last longer by 4 years compared to one year for normal currency notes in addition to also being harder to counterfeit. The bank has initially decided to introduce 1 billion […]
India’s Tata Motors to Set Up Assembly Plant in Europe
Sept. 9 – India’s automaker Tata Motors will set up an assembly facility for electric vehicles in the United Kingdom, Spain or Norway, the Chief Executive of Tata Motors European Technical Center told the DowJones Newswires. “We don’t need to build a full plant, because the vehicle will come with the body, the wheels, all […]
India to Form Free Trade Block with Brazil, Africa
Sept. 8 – India is close to forming a new trade triangle with Brazil and the South African Customs Union (SACU) to fully accelerate the South-South engagement reports The Hindu. Union Commerce and Industry Minister, Anand Sharma told The Hindu: “We need investments to fuel our economic growth and generate resources. The resources are with […]
New Issue of India Briefing Looks at ‘What India Wants’
Sept. 7 – The new issue of India Briefing Magazine is online and can be downloaded by subscribers for free. (To apply for a complimentary subscription, please click here). Titled “What India Wants,” the magazine takes in the recent political events this year with the Congress Party obtaining a majority in the Indian Parliament, and […]
Cartels to be Reined in Under New Legislation
Sept. 7 – The Competition Commission of India (CCI) has implemented new legislation that will encourage cartel members to expose other members in exchange for lesser penalties. Currently, the penalties for collective price fixing in India includes fines of up to three times the profit or ten percent of turnover. Depending upon the significance of […]
Suzuki to Invest US$215 Million on New Factory in Haryana
Sept. 7 – Japanese automaker, Suzuki Motors, has announced plans to invest US$215 million for a new car factory in India by 2011 with a yearly capacity of 250,000 cars. Suzuki wants to maintain its 50 percent market share in the face of rising competition from other automakers reports Reuters. The new Suzuki plant will […]
New Survey Ranks India’s Ten Most Affluent Cities
Sept. 4 – The Nielsen Company in India has just released the results of the first ever Nielsen Upper Middle and Rich (UMAR) survey that sought to decode the behavior of India’s well-heeled. The UMAR polled more than 18,250 wealthy individuals across 35 Indian cities on their lifestyle and mass and emerging media consumption. The […]
