ข่าวเศรษฐกิจประจำวันที่ 25 พฤศจิกายน 2554
NEW DELHI, November 25 – BUSINESS STANDARD – India open its $450 billion retail market to global supermarket giants on Thursday, approving its biggest reform in years that may boost sorely needed investment in Asia's third-largest economy. The cabinet faced down opposition from within and outside to allow foreign retailers to own a 51 % stake in the multi-brand retail sector; paving the way for global groups such as Walmart, Carrefour and Tesco to open supermarkets in India. – BUSINESS STANDARD –America’s Walmart is likely to be the first overseas chain to enter the $590-billion Indian retail sector, as the world’s biggest retail giant is extending its partnership with Sunil Mittal’s Bharti Enterprises. For FDI in multi-brand retail conditions are Government permission for up to 51%; Fresh agricultural produce, fresh poultry, fishery and meat products, may be unbranded; Minimum amount fixed for foreign investor is $100 mn; At least 50% of the total FDI must be invested in ‘back-end infrastructure’; At least 30% of the manufactured and processed products’ procurement should be from ‘small industry’; Compliance through self-certification. Investors need to keep all records; Retail sale locations can be set in cities with more than one million population, based on the 2011 census; The government will have the first right to procure agricultural produce. For FDI in single-brand retail conditions are Permission of up to 100% FDI from 51% at present; Products to be sold should only be of single brand; Products should be sold under the same brand name internationally; Product retailing would cover only those brands which are branded during manufacturing; The foreign investor should be an owner of the brand; 30% sourcing from ‘small industries’ would be mandatory. – BUSINESS STANDARD – Australia is emerging as an important market for Indian textiles and handicrafts. To capitalise on this untapped bilateral trade potential, as many as 60 Indian businesses showcased some of the finest wares at the three-day Australian International Sourcing Fair held from November 22-24 at the Sydney Convention and Exhibition Centre. India’s textile and clothing export sales in 2010-11 were worth $25 billion and are projected to reach $32 billion in 2011-12. India is the largest producer of organic cotton and jute, second largest producer of raw cotton and silk. Australian buyers are looking at India as a reliable source market. – BUSINESS STANDARD – The Seafood Exporters Association of India (SEAI) will sign a memorandum of understanding (MoU) with its Indonesian counterpart, The Indonesian Fishery Product Processing and Marketing Association (IFPMA) for augmenting trade in fishery-related business. According to sources, the MoU would be signed by March 2012. It is likely that Indonesia would import fish items, especially shrimp from India in large volumes. The former is also expected to invest in the latter in value-added products. This indicates trade barriers between the two countries would be reduced. The MoU is a follow-up to an agreement signed by the Ministry of Commerce and Industry and the Indonesian Ministry of Trade on the establishment of a Biennial Trade Ministers Forum. The main objective of the forum is to enhance bilateral trade to $25 billion by 2015.
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.
