Other Briefings
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 […]
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 […]
