NEW DELHI, October 21 – LIVEMINT – As Nepal Prime Minister Baburam Bhattarai is on bilateral visit to India from 20 to 23 October, it is expected that the two countries would sign two economic pacts and an agreement for a $250 million line of credit for Kathmandu. DTAA (Double Taxation Avoidance Agreement) is also on the list to get finalised by both the countries. – BUSINESS STANDARD - The much-awaited pact on trade in services and investment between India and the Association of Southeast Asian Nations (ASEAN) has made “some progress towards conclusion” during the last round of negotiations that took place in New Delhi last week. Since India and the 10-member trading bloc already have a goods agreement in place, it is the deal in services trade and investment that had been going on since it started formally in October 2009. Under this, India has mainly demanded greater job opportunities for its professionals in the ASEAN markets. – BUSINESS STANDARD – Due to drop in sales of vehicles, auto component companies have also decided to slow down their production or delay it till they again find some better hope for their businesses Due to such effects on the markets industrial body Society of Indian Automobile Manufacturers (SIAM) have to revise growth projections for the passenger cars segment to 2-4 per cent from the earlier 10-12 per cent. – BUSINESS STANDARD – Germany based Pilz GmbH & Co, a multinational group in the field of automation and industrial safety recently announced its entry into the Indian market by setting up a wholly owned subsidiary, Pilz India Pvt. Ltd, in Pune. Also, the company is setting up its development centre in Chennai by the end of March 2012 and a sales office in Delhi. Pilz will also educate engineering students in India on industrial safety and will conduct courses for them. – ECONOMIC TIMES – Mauritius has shown its keen interest in the African Business of India Incorporation origin. Regarding this, officials of the Mauritius Investment Board will be on visit to India to meet with heads of Indian companies to explore the possibility of setting up linkages with leading Africa-focussed funds and investment holdings. – ECONOMIC TIMES – According to the financial firm HSBC, trade between India and the UAE is expected to touch USD 103.6 billion by 2025 making India-UAE trade corridor as one of the top 10 trade corridors, along with China, the US, and Japan.
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.