Unusual Answers for India’s FDI Pharma Policy
The Indian government has faced increasing pressure from opposing lobbies to provide clarity on issues affecting FDI in the pharma industry. The solution might lie in some unlikely places, like the public sector or public distribution mechanism.
India Signs MoU to Boost Efficiency for Exporters in India
Jan. 10 – The Director General of Foreign Trade and the Enforcement Directorate signed a memorandum of understanding this week to allow for the sharing of foreign exchange realization data between exporters and relevant governmental departments in India. The new MoU will make mandatory the sharing of foreign exchange realization data through the e-BRC (Electronic […]
India to Strengthen Maritime Freight Capacity
Jan. 2 – India’s Ministry of Shipping announced the approval this week of five major port development projects aimed at strengthening the country’s maritime freight capacity. The projects will be developed under the public-private partnership model, and have been endorsed by the Public Private Partnership Approval Committee, whose members include the Secretary of Economic Affairs, […]
PM Singh Highlights Growth Potential in India’s Telecom Sector
Dec. 6 – Prime Minister Manmohan Singh highlighted the telecom industry’s potential for continued growth this week during a speech at India Telecom 2013, a trade show and conference sponsored by the Department of Telecom and the Federation of Indian Chambers of Commerce & Industry. During his speech, PM Singh praised the benefits of India’s […]
Volvo Sees Opportunity in India’s Automobile Market
Dec. 4 – Volvo announced plans this month to launch its Eicher Pro Series trucks in India with its joint venture partner, Indian automaker Eicher Motors. Volvo points to the country’s enormous growth potential as the driving force for its expansion plans. Production of the Pro Series will start this February in newly upgraded Indian […]
India’s IT Sector Enjoying Positive Growth
Oct. 18 – India’s information technology (IT) sector will enjoy positive results due to a 10 percent fall of the rupee against the dollar from July to September of this year. Depreciation of the rupee has increased the operating margins of export-oriented industries such as the IT sector, which derives the majority of its profits […]
Royal Enfield Set to Launch New Bike in London
Sept. 29 – Royal Enfield, the classic British motorbike brand snapped up by India’s Eicher Motors in 1994 following a long British decline and eventual bankruptcy, is set to launch its first new bike in the UK since the brand effectively left Britain. Royal Enfield, which was purchased lock stock and barrel and relocated to […]
Key Sectors for FDI in India: Telecoms, Power and Oil & Gas
Aug. 14 – Over the past decade, India has seen various sectors grow within the country. Starting from the services sector (which makes up about 23 percent of the country’s total foreign direct investment (FDI)), India also experienced growth in the following sectors: computer software and hardware (8 percent), telecommunications (8 percent), housing and real […]