Other Briefings
India’s FDI Continues to Rise, Up by 56 Percent in July
Sept. 15 – Foreign direct investment inflow to India was US$3.5 billion in July, 56 percent higher than US$2.25 billion in the same month a year ago said Commerce and Industry Minister, Anand Sharma. The Hindu Business Line reports that the figure represents an increase of 36 percent over June which was in turn an […]
New Government Advisory Body to Ease Foreign Investment
Sept. 14 -The government has approved the non-profit company, Invest India, to promote foreign investment in the country, reports the Business Standard. The group will be a partnership between the Federation of Indian Chambers of Commerce and Industry (Ficci) and state government. Foreign direct investment to India has been growing despite the global slowdown with […]
Investment in Steel Growing Due to Strong Local Demand
Sept. 14 – India’s domestic demand for steel is expected to grow despite the global economic crisis with top steel companies ArcelorMittal and Posco pushing through plans for expanding production facilities. Demand for steel is rapidly increasing as the country’s infrastructure plans for roads, bridges and buildings takes off and domestic demand for vehicles continues […]
India’s Central Bank to Continue Reforms
Sept. 12 – India’s Central Bank governor assured that the bank will continue to work on implementing financial sector reforms. “There is a concern in some quarters that the crisis may have dented our enthusiasm for financial sector reforms. I believe that concern is misplaced. We will not slow down on reforms, but will surely […]
Wal-Mart Private Label Launched in India
Sept. 11- Bharti Retail has launched eight Wal-Mart private labels, including two of its largest, the ‘Great Value’ line of food and ‘George’ line of clothing, in its supermarket chain Easyday reports The Economic Times. The private store brands offer international design and packaging for the more discerning buyer at a lower cost. This is […]
Mercedes-Benz to Offer Localized Trucks
Sept. 11 – Mercedes-Benz’s Indian arm, Daimler India Commercial Vehicles, is tapping into the high potential of the Indian market by launching a localized range of small trucks by 2012 from its Chennai plant. Wilfried Aulbur, Mercedes-Benz India managing director and CEO, announced this after the launch of the Actros 4841K range of new trucks […]
India Slips Down on Doing Business Index
Sept. 10 – India slipped to 133 in the World Bank’s “Doing Business Index” this year. The country’s downward movement in the index denotes that the business environment in India has become tougher when compared to rest of South Asian. Also in, among the ease of business parameters, which included time, cost, procedures and paid […]
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 […]
