Other Briefings
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 […]
New Incentives Available for Outsourcing Companies in Rural Areas
Aug. 25 – A rural business process outsourcing (BPO) policy was announced last Wednesday by the Tamil Nadu government that would give economic incentives for BPOs opening in rural areas. “Tamil Nadu being a major Information and Communication Technology (ICT) Hub and with the ICT industry now expanding to Tier II, Tier III cities, and […]
Proposal Suggests FDI in Multi-Brand Retail by 2015
Aug. 19 – One of India’s top ranking business schools said in a report that the government should give local businesses five years to develop before opening multi-brand retail to foreign direct investment. The report made by Birla Institute of Management Technology (BIMTECH) said “…a breathing space of five years till 2015 should be given […]
India Considers Opening the Private Banking Sector
Aug. 12 – The Reserve Bank of India has released a discussion paper that talks about possibly opening the private banking sector to new players. “The RBI clearly expresses its intent to expand the banking reach in the country while focusing on maintaining financial stability,” said CII director-general Chandrajit Banerjee. This will make bank capital […]
Japanese Conglomerate to Invest in SEZ, Steel Plant in Gujarat
Aug. 6 – Japanese conglomerate Mitsui and Co. Ltd. and Indian industrial conglomerate Ruchi Group have announced plans to establish a special economic zone that will include a US$1 billion steel complex in western India’s Tagdi village in Kutch, Gujarat. The joint venture, Indian Steel Corp. Ltd. (ISC), aims to expand steel service centers around […]
Delhi Proposes Exclusion of Diesel, Petrol and Healthcare from New India GST
Aug. 4 – The New Delhi government is proposing that diesel, petrol, compressed natural gas and health care services be excluded under India’s new Goods and Services Tax (GST) scheduled to be implemented next year. “Several other states have also supported our view to keep petroleum products and CNG out of the ambit of GST. […]
India to Release Paper for Digital Broadcast Switch
Aug. 2 – The Telecom Regulatory Authority of India (TRAI) is slated to release its final consultation paper on the country’s plan to change from analog to digital broadcast signals by December 2013 next week. “All the industry players have welcomed the regulation by TRAI on digitalization and we are expecting to release the final […]
