NEW DELHI, December 1 – BUSINESS STANDARD – Foreign majors, who were celebrating the retail sector’s opening to foreign direct investment (FDI) a week ago are in a state of anxiety. Besides the fear of rollback or dilution of the policy these multinationals are also facing upfront political opposition. Countries with interest or presence in India are anxiously watching the developments around FDI in retail. They are keeping in touch with the various trade chambers and multinational companies to get a blow-by-blow account of the political developments. – BUSINESS STANDARD – Eight core industry sectors were close to a contraction point in October, by together growing at just 0.1 per cent. These eight have a weight of 38 per cent in the Index of Industrial Production and would, hence, convey more pessimism. Five out of eight recorded negative growth these including coal, crude oil, natural gas, refinery products and fertilisers. Cement barely managed not to slip into negative growth, by remaining flat. It was only steel and electricity that grew, and not robustly. Coal remained a cause of concern in October as well, as its output contracted nine per cent in October. – FINANCIAL EXPRESS – At a time when India is looking to open up its retail sector to foreign investments further, lesser known international food brands such Loon Tao, Berrylite and Sarpino's Pizzeria are set to announce their entry into the country to cash in on the opportunity. Even Dubai-based diversified business conglomerate BinHendi Enterprises is also looking to bring its restaurant brands in India. While Colombo's Chinese restaurant chain Loon Tao is likely to open its first outlet in India in the first half of 2012, Singapore-based frozen yogurt chain Berrylite is scouting for partners here. Similarly, Sarpino's Pizzeria, an Italian fast food brand headquartered in the USA, will also enter India though franchise route. All these firms have partnered with Franchise India; a firm that helps companies facilitates entry and expansion into the country. – ECONOMIC TIMES – Japanese auto major Honda Motor Co has decided to start exporting bikes by next year from India, a country which it sees as a future global hub, particularly for mass market models. The company is also building a global procurement centre for large-sized motorcycles as well as commuter bikes in India as it looks to enhance exports from the country along with components.
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.