สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 26 มิถุนายน 2555
Toyota Kirloskar Auto Parts to set up third plant in Bangalore
Toyota Kirloskar Auto Parts is setting up its third manufacturing plant for automotive components at Bidadi, about 32 km from Bangalore. The company is investing $ 87.72 million to set up the plant.
With the fresh investment, which would create 150 jobs in Bangalore, total investment in the company would rise to $ 175.44 million.
At the proposed plant, Toyota Kirloskar Auto Parts plans to manufacture 240,000 castings of engine parts and 120,000 units of machine parts.
(Sources: Reuters India, Business Standard, Economic Times, Indiatimes)
RBI steps to boost capital inflows into country: Experts
A slew of measures taken by the Reserve Bank to arrest rupee slide will help improve capital inflows as well as stem fall in the domestic currency, experts said today.
The rupee had plunged to its all-time low of 57.37 against the US dollar last week because of increased demand from oil importers.
RBI today raised the FII limit in government bonds by USD 5 billion to USD 20 billion and allowed the Indian companies to avail external commercial borrowings up to USD 10 billion for repayment of rupee loans and fresh capital requirement.
RBI today relaxed investment norms for qualified foreign investors and allowed them to invest in the mutual fund schemes that hold at least 25 % of their assets either in debt or equity or both in the infrastructure sector.
(Sources: Bloomberg, Indian Express, Economic Times, Zeenews, Financial Express)
Final document of 12th Plan to still have 9-9.5% growth target
The final document to the 12th five-year plan (2012-2013 to 2016-2017) is likely to harp on the need for fiscal discipline to achieve 9-9.5 % growth.
Economic growth slipped to 6.5 % in 2011-2012. Prime Minister Man Mohan Singh has said that he expected economy to grow by 7 % in 2012-2013.
The approach paper to the 12th five-year Plan has said that fiscal deficit has to come down to an average 3.25 % of GDP in the plan period.
(Sources: Business Standard, Hindu Business Line, Business Line, Smartinvestor)
Targeting top slot, TVS gears up for series of launches
After crashing out of the top three in the Indian two-wheeler market, Chennai based TVS Motor Company is working on a slew of new products to regain ground lost to Honda Motorcycle and Scooters India and Bajaj Auto.
TVS Motor is investing $ 70 million on product development and refreshing the current range.
TVS will roll out six new products, including bigger bikes in the 200-250 cc categories. These products are likely to get to market in 2014-15.
(Sources: Times of India, Economic Times, Zeenews, Financial Express)
Delhi's manufacturing sector grew by 16.15% in 2011-12
Delhi has been able to achieve a growth of 16.15 % of Gross State Domestic Product (GSDP) for Delhi for the manufacturing sector. The GSDP at current prices for manufacturing sector was $ 2.42 billion in the year 2010-11 and has increased to $ 2.82 billion during the year 2011-12, Industries Minister Ramakant Goswami said yesterday.
(Sources: Economic Times, Indiatimes, Worldnews, Moneycontrol)
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