NEW DELHI, October 14 – LIVEMINT – With Myanmar’s President Thein Sein visit to India, it has decided to intensify its relation with Myanmar even more by making further efforts to strengthen its ties at both economically and strategically levels. India has extended some $250 million lines of credit to increase trade and economic ties with Myanmar and is expected to announce some more in coming days. Both sides are looking forward to increase trade between them, which was $1.28 billion in 2008—to $3 billion by 2015. Indian companies like the state-run ONGC Videsh Ltd, Gas Authority of India Ltd and private Essar group have already their presence, as India is very much keen to tap oil and gas sectors of Myanmar. – BUSINESS STANDARD – S&T Motors, which owns Seoul-based Hyosung, one of South Korea’s biggest two-wheeler brands, to make India its production hub, making use of the country’s low-cost production abilities. That is because it is planning for greater dependence on its Indian partner, Garware Motors, for setting up the facilities in the country to cater to the markets of America, Europe and Asia-Pacific region. Hyosung brand makes higher-capacity engine-performance motorcycles in the 250cc to 650cc range, besides electric vehicles, scooters and terrain vehicles. – FINANCIAL EXPRESS – After recognising India’s potential of becoming an emerging market for investment, Italy for the first time ever has decided to send a huge business delegation of about 280 members along with three top ministers. The delegation led by Italian foreign minister Franco Frattini will reach Delhi on October 31 for a week-long visit. The delegates are expected to visit some states in the North-East to explore investment opportunities in areas like bamboo, rubber, handloom, food processing, silk and cotton and hold talks with the state governments and local entrepreneurs and investors. The delegates also plan to visit Tamil Nadu. – FINANCIAL EXPRESS –Indian software company Genpact has decided to expand its horizons into Latin America region and hence it has set up a facility in Colombia’s capital Bogota to provide business process management services as well as large-scale finance and accounting (F&A) services. It also has plans to add 1,000-1,500 jobs in Colombia over the next three to five years. The company already has successful delivery centers in Mexico and Guatemala, and in early August announced the beginning of operations in Brazil. – ECONOMIC TIMES – After the visit of Vietnam President Truong Tan Sang to India, Jet Airways and Vietnam Airlines have signed a memorandum of understanding which covers the areas of commercial services, technical and training. It is a strategic move for increased international growth to provide seamless services for travellers between India and Vietnam.
Submitted By:-
Priyesh Narain
Researcher
สำหรับรายละเอียดของข่าวข้างต้น โปรดติดต่ิอนาย Priyesh Narain ที่ This email address is being protected from spambots. You need JavaScript enabled to view it.