Italy Suggests Routes, Facilities for Indian Trade
Dec. 17 – Italian Minister for Economic Development said it would consider creating preferred shipping routes exclusively for Indian trade. A collaboration agreement is in the works to link the ports of Venice with Mumbai and Genoa with Chennai with the aim of making Italy the gateway for Indian products bound for the European and […]
India’s Proposal for Climate Innovation Centers Approved
Dec. 16 – India’s suggestion to build a network of climate innovation centers overseas to develop and share green technologies has been accepted and will be part of the basis of the Copenhagen agreement when the U.N. Climate Change Summit wraps up in two days. The climate innovation centers will improve on local technology requirements […]
Telangana Party Willing to Wait Until 2014
Dec. 15 – The leading Telangana political party Telangana Rashtra Samiti (TRS) said that it was willing to wait until 2014 for the promised Telangana state to become a reality. A TRS leader was quoted in the Times of India as saying: ‘‘We would be very happy if it happens before that. But we know […]
Garment Exports Drop 17 Percent in October
Dec. 15 – India’s apparel exports declined by 17 percent in October as it lost market share to China, Vietnam and Bangladesh due to the higher cost of fabrics in the local market. Indian apparel exports reach US$603 million in October with exporters complaining of higher cotton prices that has inevitably hiked the cost of […]
Bugatti Supercar to Launch in India
Dec. 15 – Volkswagen will soon launch the legendary French car Bugatti in India, probably the fastest and most expensive car to be released in the country. The Bugatti Veyron, which can reach speeds of more than 400 kilometers per hour, will cost between US$1.2 million and US$2.5 million when it hits the Indian roads.
Andhra Pradesh Government Assembly Adjourned, MP Arrested
Dec. 14 – The Andhra Pradesh assembly in Hyderabad was adjourned indefinitely or sine die following pandemonium after it began for the day’s proceedings this morning amidst chaos and slogan shouting by local MP’s favoring a unified Andhra Pradesh. Congress MP for Vijayawada, L. Rajagopal was arrested at the Hyderabad airport after he landed to […]
Rioting in Andhra Pradesh as State Division Issue Escalates
Dec. 14 – Tensions remained high in the coastal regions of Andhra Pradesh and in the capital city of Hyderabad, as the government’s announcement on initiating the process for division of the state was met with violence and uncertainty. The Hindu reports that students of Sri Krishnadevaraya University went on the rampage in Anantapur town, […]
Confusion Over Formation of Telangana State
Dec. 14 – The Indian government’s decision to form a new state of Telangana is causing confusion in Andhra Pradesh as the proclamation is seen as an agreement to divide a new area from the state. Home Minister P. Chidambaram issued a statement last week confirming that the mechanism for forming the new state was […]