สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 21 มีนาคม 2556
Pharma exports from Gujarat to touch $ 2.75 billion in FY13
Gujarat, counted as one of the major pharmaceutical production hubs in the country, exported drugs worth $ 2.75 billion during the 2012-13 fiscal, up around eight to nine per cent from the previous year.
The share of small and medium firms in exports from the state is around 25-30 per cent, and is growing steadily. With an eye on higher margins, Gujarat-based small and medium-sized pharmaceutical manufacturers are focusing on export markets, especially emerging economies such as African and Latin American nations.
Overall exports from pharma SMEs from the state is growing at a 12-15 per cent rate.
(Sources: Business Standard, India Pharma, Exporter, News BCC, India Everyday)
UK companies keen to invest in Bihar
At least half a dozen companies and institutions of the United Kingdom (UK) have shown keen interest in investing in Bihar. Public transport, Supply chain management and Technical and higher education have especially caught the eyes of these companies. The state government has also promised all possible help to these companies.
Six UK companies and institutions have shown a keen interest in investing in Bihar including Jones Lang LaSalle (JLL), Cambridge English Language Assessment and The Supply Chain Foundation. The Ultra Fairwood is keen in investing in the public transport in Patna. On the other hand, planetarium developer, Global Immersion has also shown interest in developing 2 new planetariums in the state.
(Sources: Economic Times, Indiatimes, Livemint, India Everyday, Worldnews, Daily India News)
Egypt set to double trade with India in three years, hopes to be a part of BRICS
Egypt is keen to be a part of the BRICS (Brazil, India, China, and South Africa) bloc, according to the country's President, Mohamed Morsi.
BRICs nations have a major role to play in the development of Egypt in a democratic set-up, said Morsi. Egypt is looking forward to a time when it also becomes a part of BRICS, making it E-BRICS, he added.
He said trade between India and Egypt is set to double in the next few years. "Currently, the bilateral trade between both the countries is around $5 billion. We are looking to double this in the next few years," said Morsi, while addressing a FICCI summit here.
Meanwhile, six memoranda of understanding (MoU) were signed during the function, including the one on setting up an India Egypt Business Council.
(Sources: Business Standard, Smart Investors, Rediff News, Hindu Business Line, IBNLive)
FDI up 8 pc at $ 2.15 bn in Jan
After declining for two months in a row, foreign direct investment (FDI) in India grew by 8 per cent year-on-year to USD 2.15 billion in January.
In January 2012, the country had received FDI worth USD 2 billion.
However during the April-January period of the current fiscal, FDI declined by 39 per cent to USD 19.10 billion due to global economic uncertainties, an official in the Department of Industrial Policy and Promotion (DIPP) told PTI.
During the same period of the previous fiscal, FDI inflows stood at USD 31.28 billion.
Sectors which received large FDI inflows during the first 10 months of the current fiscal include services (USD 4.66 billion), hotel and tourism (USD 3.19 billion), metallurgical (USD 1.38 billion), construction (USD 1.20 billion) and Pharmaceuticals (USD 1 billion), the official added.
India received maximum FDI from Mauritius (USD 8.17 billion), followed by Japan (USD 1.69 billion), Singapore (USD 1.82 billion), the Netherlands (USD 1.51 billion) and the UK (USD 1.04 billion).
(Sources: Economic Times, Indiatimes, Financial Express, Press Trust of India, News BCC)
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