Other Briefings
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 […]
Nissan Relocates Supermini Car Production to India
Aug. 28 – Japanese automaker Nissan is relocating the production of its supermini, the Micra, to India from the United Kingdom beginning May 2010 as part of its plan to manufacture more models in the country. According to The Times of India, Nissan plans to invest about US$400 million in India as a way to […]
Harley-Davidson to Enter Indian Market
Aug. 26 – Harley-Davidson has announced that it will enter the emerging Indian market with its range of elite cruiser motorcycles. The details of their model-range and pricing in India are still pending release. With the economic slowdown taking grip in its home country, U.S. companies are now looking at expanding their markets abroad. “Harley-Davidson […]
Toyota Looks to Benefit from Indo-Thai FTA
BANGALORE, Aug. 26 – Toyota Motors plans to utilize the proposed Indo – Thai free trade agreement to tag India as a hub for manufacturing its small size cars for export to the global market. While a few auto-parts already enjoy duty free status in India, the Indo- Thai FTA currently under negotiation is expected […]
China’s Huawei to Double Revenues in India
Aug. 25 – Chinese equipment maker, Huawei Technologies, is aiming to double its Indian revenues to US$2.6 billion in 2009. This year, the company surpassed Alcatel-Lucent to become the third largest mobile network gear maker in the world. Huawei still has no manufacturing facility in the country but is working with all major telecom operators […]
Minister: New Dynamic Trade Policy to be Expected
Aug. 21 – India’s Minister of State for Industry and Commerce Jyotiraditya Scindia has stated in an interview that the proposed new foreign trade policy would be, “dynamic and would reflect new realities.” Mr. Scindia told The Hindu that the policy would contain measures to revive exports. He cited that there will be legislative changes […]
FDI Law May be Revised to Block Investment in Sensitive Sectors
Aug. 19 – The National Security Council has submitted a secret report suggesting revisions on the current FDI guidelines to allow the government to stop foreign mergers or takeovers of Indian companies that are considered damaging to national interest, reports The Economic Times. Under the proposed National Security Exception Act foreign investment in sensitive sectors […]
India to Unveil New Foreign Trade Policy
Aug. 18 – India’s Commerce and Industry Minister Anand Sharma recently met with Finance Minister Pranab Mukherjee to discuss the details of the new five-year foreign trade policy (FTP) to be unveiled on August 27. The new FTP is expected to help exporters struggling with the recession in their traditional markets in the United States […]
