ข่าวเศรษฐกิจประจำวันที่ 16 สิงหาคม 2554
NEW DELHI, August 16 – BUSINESS STANDARD – Under a talk between US and India, the former country has shown positive sign in allowing scrutiny free or hassle free import from India. This step would be very beneficial for India Inc as it would be able to expand its trade horizons across other countries as well. The agreement is known as Mutual Recognition Agreement (MRA) which is expected to be finalized by next year. - BUSINESS STANDARD – India’s largest power transmission company Power Grid Corporation of India Ltd (PGCIL) is exploring opportunities in African countries such as Nigeria, Kenya and Niger, for execution of engineering, procurement and construction (EPC) contracts. To provide consultancy services in Oman, PowerGrid is planning to set up its first overseas office too. – ECONOMIC TIMES – Big US Retailers such as Amazon.com. Walgreen Co. and Toys "R" Us Inc. etc are turning their focus on consumers available online and that is why they are in hurry to open various distribution centers and also renovate their websites so that with a totally new look of their websites consumers would be easily targeted and attracted. - ECONOMIC TIMES – In 2008-09 and 2009-10, India's GDP grew by 6.8 % and 8 %, respectively and during these periods, most of the economies had shown a slow growth. But this year foreign direct investment (FDI) in India is expected to touch $35 billion as against of $19.4 billion in the last fiscal and all this is counting on major deals like $7.2 billion deal between Reliance Industries and Britain's BP Plc., Europe's second-largest oil company. - ECONOMIC TIMES – Bajaj Auto Ltd. has set its target to raise its export figures over 2 million units in the next three to four years. Africa, South East Asia, Bangladesh, Sri Lanka are few of the major foreign destinations where the company exports its products. - ECONOMIC TIMES – In order to execute a strategic movement, Japan’s Honda Motor after its separation with its partner Hero MotoCorp, is going to launch its 100-cc motor bike designed for rural areas, in competition with Hero MotoCorp and for that Honda Motor is working on a new version of the CD platform in the 100-cc segment, where Hero's CD Dawn and CD Deluxe have the highest sales. – LIVEMINT - Reliance Retail Ltd, a subsidiary of Reliance Industries Ltd was launched in 2006 and in 3 years it grew to 1,000 stores in 86 cities and was continuously growing till it hit the economic slowdown and political opposition that followed its entry in Uttar Pradesh and West Bengal. But now the company has decided to expand its business once again by doubling its number of stores in several specialty formats for which the company has brought in top executives from Walmart China. Earlier also the company had brought in a team of experts, led by Gwyn Sundhagul from Tesco Lotus, Thailand. – FINANCIAL EXPRESS – Despite the political disturbance in the Arab world, talks are going on between India and the Gulf Cooperation Council (GCC) which includes six member countries these are Oman, UAE, Bahrain, Kuwait, Qatar and Saudi Arabia. GCC has been able to identify great potential sectors for investment by Indian entrepreneurs, including information technology, telecommunications, education, training, healthcare services, tourism and hotel industry, banking and financial services, oil, gas and petrochemicals, electricity, housing, road and rail network.
Submitted By:-
Priyesh Narain
Researcher
