สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 12 มิถุนายน 2555
Southeast Asia emerges as the largest buyer of Indian seafood
Indian seafood exports touched $ 2.95 billion in 2011-12 with Southeast Asia toppling Europe as the largest buyer of Indian marine products.
According to provisional figures provided by Marine Products Export Development Authority (MPEDA), seafood exports recorded a 27% rise in rupee terms.
According to MPEDA sources, a shortage in production across Southeast Asia and natural calamities such as flooding in Thailand led to increased buying from India. Demand was particularly high for the Vannamei shrimp.
(Sources: Economic Times, Worldnews, Indiatimes, i4u)
Developers accuse CWC, CEA & forest ministry for delaying energy projects
At an international hydropower conference, Union water Secretary had a difficult time in defending various central government institutions as the companies associated with the sector accused them for delaying the projects. They said delayed execution of the projects is costing India dearly as the hydropower generation is gradually following in the overall energy mix available for the growth.
Leading the assault, the host state accused the Ministry of Forests and Environment and the Central Electricity Authority (CEA) of delaying the clearances to the extent that it, in certain cases, led to the cost overruns.
(Sources: Economic Times, Worldnews, i4u, Infraline)
Continental Tyres sets up new test & validation lab for fuel supply systems in Bangalore
Automotive supplier Continental today announced the expansion of its manufacturing and validation competence in India. Continental has set up the new test & validation lab for fuel supply systems at its Bangalore development centre, while two product lines for fuel rail assembly and in-tank fuel pumps are being inaugurated at the Pune facility.
With sales of 30.5 billion in 2011, Continental is among the leading automotive suppliers worldwide. As a supplier of brake systems, systems and components for powertrains and chassis, instrumentation, infotainment solutions, vehicle electronics, tires and technical elastomers, Continental contributes to enhanced driving safety and global climate protection.
(Sources: Economic Times, Hindu Business Line, Worldnews, Indiatimes)
ASSOCHAM asks government to enhance coal output to meet power needs
Amid investigations in alleged irregularities in allocation of mines, industry body Assocham today said the government must immediately initiate steps to enhance coal output and ensure adequate fuel supply to the power sector to save it from being engulfed by controversies.
Appreciating Prime Minister Man Mohan Singh's efforts to fast-track the sector's growth, Assocham said there is need to ensure that the enhanced target set for infrastructure ministries are met.
The government has set a production target of 470 MT for CIL for this fiscal. Of this, the company will dispatch 347 MT to the power sector, as against 312 MT last year.
(Sources: Economic Times, Zeenews, Indiatimes, Times of India, Infraline)
Maruti wants to transport more by rail, pushes for auto hub
Maruti Suzuki India Ltd, the country’s biggest car maker is keen on reducing its dependence on road transport as output is set to rise to three million units a year in the next three-four years, is pushing Indian Railways to establish an alternative. Sending vehicles by rail halves the transit time, besides saving on costs and wear & tear. To dispatch one-third of its production by rail got stucked as Haryana State Industrial and Infrastructure Development Corp. Ltd (HSIIDC) was not able to acquire the land needed to lay dedicated tracks from Patli station in Manesar to the company’s plant 18km away.
(Sources: Livemint, India Business Brief, Indian Railways)
Economic Section
Royal Thai Embassy
