สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 30 พฤศจิกายน 2555
India top rice exporter in 2012
It's game India for rice exports this year. The country toppled Thailand for the first time in three decades to emerge as the top rice exporter but the latter won the day in sugar exports.
According to the US Department of Agriculture's latest report, India exported 9.75 million tonne rice in 2012, beating Thailand, which could ship only 6.5 million tonne, slipping to the third slot after Vietnam.
In 2011, Thailand had exported 10.7 million tonne rice while India, which opened rice export only in September last year, managed to ship 4.8 million tonne.
(Sources: Economic Times, Indiatimes, Reuters India, Moneycontrol, Zeenews)
India to Grow 6.5% in 2013: Goldman Sachs
India's economy could gather pace in the new year, putting behind a dismal year, Goldman Sachs said in a report released on Thursday. Goldman Sachs said Indian economy is expected to expand 6.5% in 2013 thanks to an improvement in external demand and pick-up in reforms, and further accelerate to 7.2% in 2014.
The OECD had also in its bi-annual assessment said that India's economy will recover to 6.5% in 2013 and 7.1% in 2014, though the two estimates may not be strictly comparable because of differences in methodology.
India's official estimates peg growth in the current financial year in the range of 5.5% -6% while RBI has pegged GDP expansion at 5.8% in 2012-13 financial year.
(Sources: The Hindu, Economic Times, India Express, Hindustan Times, Zeenews, Times of India)
Haryana attracts $ 2.4 billion of FDI since 2005
Haryana has so far received foreign direct investment of $ 2.4 billion, of which an investment of $ 1.76 billion has come up after implementation of the industrial policy, 2005, a government spokesperson said yesterday.
He said the State has a rich industrial base with 1,362 large and medium units, out of which 113 units have been set up during 2005-2011 with an investment of $ 530 million providing employment to 19,626 persons.
About 83,000 Small Scale Industrial or MSME units have also been set up in the state out of which 15,440 units were set up during 2005-2011 with an investment of $ 1.25 billion providing employment to 2,35,573 persons.
(Sources: Economic Times, Indiatimes, the Hindu, the Tribune, Rediff, Zeenews)
Andhra proposes three manufacturing zones
The Andhra Pradesh government has submitted a proposal to the Centre for setting up National Investment and Manufacturing Zones (NIMZs) at three places in the state, according to commissioner of industries Rajat Kumar.
NIMZs are a part of the central government's vision to create new manufacturing townships across the country on roughly 12,500-acre land.
There are around nine such zones in the northern and western parts of the country as of now. The state is also proposing a framework to collaborate research organizations with the industrial community.
(Sources: Business Standard, SME Times, India Everyday, India News Headlines, i4u)
Ford plans to make India export hub; to ship cars to 50 countries
US car major Ford today said it will make India its export hub with plans to sell its products in more than 50 countries over a period of time.
The company, which has committed a total investment of $ 2 billion in India so far, also said 40 % of its engines produced in the country will be sold overseas.
Besides its existing facility in Chennai, Ford India is investing $ 1 billion to set up its second production site in the country. With the upcoming plant, which will start production by 2014, the combined vehicle assembly capacity will go up to 4, 40,000 units per year.
(Sources: Economic Times, Indiatimes, NDTV, India Everyday, Zeenews)
Swiss companies scout for business opportunities in India: Official
Swiss companies are keenly looking at business opportunities in India and other high growth markets, amid sluggish economic conditions in Europe, a Swiss official said yesterday.
Switzerland is the eleventh biggest foreign investor in India, according to Chris Watts, part of Swiss government's Trade and Investment Promotion body. The trade between India and Switzerland stood at nearly $ 5 billion last year.
(Sources: Economic Times, Indiatimes, Moneycontrol, India Everyday, Hindu Business Line, i4u)
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