สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 9 พฤษภาคม 2555
Jubilant FoodWorks opens Dunkin' Donuts first store in India
Jubilant FoodWorks, the Indian distributor of Domino's Pizza, on Tuesday opened American doughnut brand Dunkin' Donuts first store in India, and plans to invest around $ 60 million to roll out 10 stores this fiscal.Dunkin' Donuts will compete in India with companies such as Cafe Coffee Day, run by Amalgamated Bean Coffee Trading Co., Lavazza Spa’s Barista Coffee Co., and Starbucks Corp., which plans to open its first India store in August through its partnership with Tata Global Beverages.JFL entered into an alliance with the US-based baked goods and coffee chain last year to bring the brand's restaurants in India. In an announcement made last year, the two partners had said the plan was to set up 80-100 Dunkin' Donuts stores beginning with the metros in the next five years, with a long- term 15-years target of 500 stores in India.
(Source: Economic Times, Hindu Business Line, Business Standard, Bloomberg India)
High-power tractors market to double in next 6-7 years: Escorts
Tractor major Escorts today said the share of high torque tractors in domestic market is set to double in next six to seven years on the back of land consolidation and commercial usage."The market for big tractors is set to grow in coming years as its demand is growing because of various factors, including increasing land consolidation despite fragmented ownership, multi-cropping, commercial usage, etc," Escorts Ltd ( Agri Machinery) Head Marketing Shenu Agarwal told reporters here.He also attributed the increasing volume of high capacity tractors to growing preference by more and more progressive farmers who are now following modern and innovative farm practices.
(Source: Economic Times, Times of India, World News)
Qualcomm gets spectrum with reduced validity
The Department of Telecommunications (DoT) on Tuesday allotted broadband wireless access (BWA) spectrum to US telecom giant Qualcomm Inc but with its validity reduced from 20 to 18.5 years. The DoT also made the roll-out obligation tougher by reducing it from five years to three and a half.The move will be challenged by the company in the appellate tribunal, TDSAT. Qualcomm had won BWA spectrum in four circles (Delhi, Mumbai, Kerala and Haryana) for $ 24.5 billion in 2010. It had challenged the government’s decision to delay the issuance of a licence as well as spectrum in the TDSAT.Other companies to have won BWA spectrum in the auction include Bharti Airtel, Reliance Industries (after acquiring Infotel Broadband) and Aircel. Only Reliance Industries has a pan-India licence to offer BWA services. Bharti launched 4G services in Kolkata and Bangalore recently.
(Source: Economic Times, Business Standard, Moneycontrol)
Firms may shift to DTAA countries
Finance Minister Pranab Mukherjee’s amendments to the Finance Bill 2012-13, have ensured companies operating their businesses through countries with which India has double taxation avoidance agreements (DTAAs) would continue to enjoy a liberal capital gains tax framework for at least another year without much difficulty. However, once the General Anti-Avoidance Rule (GAAR) is implemented, these would be subject to tax provisions in India. While moving the amendments to the Bill, Mukherjee announced the GAAR would be applicable from April 1, 2013.
(Source: India News, Business Standard, Smart Investors)
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