NEW DELHI, December 9 – BUSINESS STANDARD – In a bid to promote trade relation with West Bengal and eastern India, Taiwan External Trade Development Council (TAITRA) has decided to open its office in Kolkata by January next year. The Kolkata office would be Taiwan’s fourth economic office in India, following the Taipei Economic and Cultural Center Economic Division in New Delhi and two TAITRA offices in Mumbai and Chennai. About 90 per cent of Taiwanese investments in India in the last few years have gone to Tamil Nadu, Maharashtra, Gujarat and Delhi because of the presence of TAITRA. Taiwan has a total investment of $1.6 billion in India. – BUSINESS STANDARD – Narendra Modi, chief minister of Gujarat has a big reason to thank his West Bengal counterpart, Mamata Banerjee as her opposition to the Tata Nano gave the Gujarat chief minister a foothold in the country’s automobile map. By 2015-16, it is expected that nearly one of every three cars that roll out in the country could be from Gujarat. If that’s not enough, in the next three-five years, half the installed capacity for making cars in India would be located in the state. With car makers from Maruti Suzuki, Peugeot PSA, Ford India and Kia Motors, apart from the Tatas and General Motors, making a beeline, the Gujarat government has cleared or is in advanced stages of negotiations for additional capacity to make nearly three million cars per annum, starting 2014. – ECONOMIC TIMES – Nissan Ashok Leyland Technologies Ltd, a JV between Ashok Leyland and Nissan Motors that launched light commercial vehicle (LCV) for cargo transportation this September and besides that it also revealed its intention to make foray into the passenger transport vehicle segment in the next couple of years. – ECONOMIC TIMES – Pakistan in the process of giving India Most Favoured Nation status to boost bilateral trade is expected to be completed by October next year.