Other Briefings
Despite Blockage, Oil Continues to Flow Freely Between Iran and India
Jan. 5 – In a piece published on India Briefing last week, we discussed the suspension of Indian payments to Iran through the ACU (Asian Clearing Union). As a temporary fix, Iran has promised uninterrupted crude oil supply to India this month while India arranges its payments through a German bank based in Hamburg. A […]
Car Part Manufacturers in India Enhance Capacity
Investment of up to US$3 billion is needed over the next decade to turn out engine, suspension and braking parts, and drive transmission and steering components, meeting projected demand. Dec. 14 – Coming off a particularly strong year, Indian suppliers of automotive parts are boosting their manufacturing capability to respond to rising orders at home […]
Two Gov’t Departments Warn Against Opening Up Retail to FDI
Nov. 10 – Two government departments are warning against opening up multi-brand retail to foreign direct investment in an effort to slow momentum towards opening the sector following U.S. President Barack Obama’s visit to the country. According to the Ministry of Micro, Small and Medium Enterprises, the government should not allow more than 18 percent […]
India Establishes World’s Largest Diamond Trading Exchange
Oct. 18 – The world’s largest diamond exchange opened in Mumbai’s Bandra Kurla business district on Sunday. The Bharat Diamond Bourse was designed by local architect Balakrishna Doshi and covers 20 acres with nine interlinked nine-story towers. It was constructed at a cost of over US$200 million. The bourse effectively changes the future of the […]
India’s FM: August Industrial Output ‘Disappointing’
Oct. 12 – After rising 15.2 percent in July, output from India’s mines and factories slowed to just 5.6 percent in August, according to Ministry of Commerce and Industry data released on Tuesday. India’s Finance Minister Pranab Mukherjee said that the sharp decline was “disappointing,” but added that he still expects average industrial growth in […]
General Motors Targets India’s LCV Market
Oct. 11 – U.S.-based General Motors, alongside its joint venture partner in China, Shanghai Automotive Industry Corporation, will enter the rapidly expanding light commercial vehicles market in India by 2012. “We are working very aggressively for the launch of commercial vehicles in India and GM hopes to corner sizeable numbers in the market soon after […]
India Introduces Incentives to Attract Investment in Cold Storage Sector
Oct. 6 – India is looking to build cold-storage facilities in an effort attract investment, cut food wastage and streamline the supply chain in a country that produced the second largest amount of fruits and vegetables. Fruit and vegetable wastage due to poor post-harvest management and lack of cold chain facilities have been estimated to […]
India’s Consumer Affairs Ministry Recommends 49 Percent FDI in Multi-Retail
Aug. 27 – India’s Consumer Affairs Ministry is recommending that 49 percent foreign direct investment be allowed in the multi-retail industry with an emphasis on developing back-end operations. The ministry said that more foreign investment should be allowed on the condition that a model law be in place to help shield small businesses. Moreover, the […]
