สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 24 ธันวาคม 2555
'Tata India's best-known global brand'
Days ahead of Ratan Tata’s retirement, an Associated Chambers of Commerce and Industry of India (Assocham) survey said the $100-billion Tata Group was perceived to be India’s best-known global brand within and outside the country. “Ratan Tata occupies the well-deserved iconic status. He has taken the group from largely an Indian family-owned business house into a professionally managed global conglomerate,” the survey said.
About 77 % of those who participated in the survey said they were confident Tata’s successor Cyrus Mistry would be able to steer the group well. Assocham said it had surveyed about 78 top chief executive officers and heads of both domestic and foreign companies in the first fortnight of December.
(Sources: Economic Times, Indiatimes, Business Standard, DNA India, Moneycontrol)
Gujarat tourism policy to offer sops for investors
Seeking to make Gujarat a major destination for holidayers, the state tourism policy, to be announced early next year, will be offering several incentives for investors.
Apart from improving the infrastructure and amenities in the established spots around the state, the policy would aim at promoting private investments in a host of new destinations, including the coastline, Gujarat Tourism Commissioner Sanjay Kaul said.
The Gujarat Government had ambitious plans for tourism during the 12th plan period and was looking forward to investors from across the country and abroad to seize the opportunity, Kaul, also MD of Gujarat Tourism Corporation, said.
(Sources: Business Standard, Press Trust of India, Hindu Business Line, Zeenews, NDTV, i4u)
Asean FTA conclusion sets stage for India's massive re-entry to region
The India-Asean commemorative summit just concluded in Delhi has been widely acknowledged as one of India’s recent successful diplomatic initiatives. As many as nine heads of states and governments out of ten Asean states attended — Philippines sent its vice-president because the president was unwell — along with a total of 47 ministers, proving, if proof were needed, that when Delhi puts its heart into something, it usually turns out alright.
According to Pisan Manawapat, Thailand’s ambassador to India, “We are now looking at India as a much more important partner than Europe”.
Investment between the two regions, pegged at about $75 billion annually, is also bound to grow, considering infrastructure — roads, railways and cities along the Delhi-Mumbai Industrial Corridor — in India is poised for a great leap forward and pharmaceuticals is a growth area on both fronts.
(Sources: Business Standard, Hindu Business Line, CNTV, Zeenews, NDTV, i4u)
Synthetic leather industry may touch $ 1.63 billion mark in next 5 years
The market size of India's synthetic leather industry is expected to double in the next five years to touch $ 1.63 billion mark on account of increasing consumption and purchasing power.
Currently, the market size of the sector stood at about $ 815 million, Mayur Uniquoters, the country's leading synthetic leather manufacturer, Chairman & Managing Director Suresh Kumar Poddar told PTI.
Poddar said the artificial leather is substitute for natural leather and its fine designing and texture is attracting people's attention.
(Sources: Economic Times, Indiatimes, Moneycontrol, Zeenews, NDTV, i4u)
Hitachi to sign pact with Gujarat to set up desalination plant
Japanese industrial solutions giant Hitachi will sign a contract with the Gujarat government next month for setting up of a sea water desalination plant in the state that will treat 3,36,000 tonnes of water every day.
"To be constructed at Dahej, the plant is scheduled to be operational by 2015 and the treated water will be sold to Dahej SEZ. Also factories at Delhi-Mumbai Industrial Corridor (DMIC) will purchase desalinated water from this plant," Hitachi India Managing Director Ichiro Iino told PTI.
(Sources: Economic Times, Indiatimes, Business Standard, Hindu Business Line, Rediff)
Policy logjam can pull down growth rate to 5 per cent in 12th Plan
The Plan panel has warned that persistent policy logjam could pull down the annual average economic growth rate in the 12th Five Year Plan (2012-17) to 5-5.5 %, from 7.9 % recorded in the 11th Plan.
In case the government pursues well designed strategy, the annual average growth rate in the 5-year policy period could move up to 8.2 %, said the 12th Plan draft document which will be placed before the country's apex policy making body National Development Council (NDC) on Thursday.
NDC, headed by the Prime Minister with all Chief Ministers and Union Cabinet Ministers on its board, is the final authority to approve a Five Year Plan.
According to the document, "insufficient action" on the part of government would restrict the annual average growth rate in 12th Plan to 6-6.5 %.
(Sources: Economic Times, Indiatimes, Press Trust of India, Indian Express, NDTV)
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