ข่าวเศรษฐกิจประจำวันที่ 11 มกราคม 2554
NEW DELHI, January 11 – BUSINESS STANDARD – Finally, the commerce ministry notified the much-awaited policy permitting up to 100 % FDI in single-brand retail, up from 51 %. Retailers are also viewing the development as a signal on multi-brand retail opening in the near future. The total retail pie in India is around $500 billion, of which organised retail is less than 10 %. Single-brand is just a small fraction of organised retail at present. But, things are set to change as big global brands, including Ikea, GAP, Prada, Abercrombie, Hennes & Mauritz and Arcadia, may want to set up shop after the policy change. Sukanya Dutta Roy, Director, consumer goods business, Swarovski India, said that the format would not change anything overnight, but surely with FDI in single-brand retail coming in, foreign retailers now have the option of setting up their own stores inspite of having a tie-up. – BUSINESS STANDARD – Foreign direct investment (FDI) into India went up by an impressive 56 % to $2.53 billion in November 2011, signaling improvement in investor sentiment. Analysts said if the trend continued, FDI in the current financial year would well cross $30 billion, a development that will have a positive effect on the rupee in the foreign exchange market. Mauritius, Singapore, the US, the UK, the Netherlands, Japan, Germany and the UAE are major sources of FDI for India. Sectors that attracted the maximum funds include services, construction activities, power, computers and hardware, talcum and housing and real estate. – BUSINESS STANDARD – The Caribbean nation Trinidad & Tobago is betting big on Indian investors to boost its growth and is in talks with the Indian government for co-operation in areas like people-centric projects, agriculture, research and development, renewable energy, health, entertainment, information, communication and technology. Trinidad & Tobago’s Prime Minister Kamla Persad-Bissessar is on a 13-day visit to India, from January 2-14, with a 60-member delegation. She already had bilateral discussions with India on issues of trade and business, economic growth, tertiary education, job creation, competitiveness and innovation, greater productivity and increased global trade. – BUSINESS STANDARD – Federation of Indian Chambers of Commerce and Industry (FICCI) has joined hands with the premier civilian foreign aid agency of the US federal government, USAID and has floated a $15 million Venture Capital fund to support, sustain and scale up grand local ideas and innovations that can also be commercialised for India and other emerging markets. – BUSINESS STANDARD – The United Nations Industrial Development Organisation (UNIDO) and the Associated Chambers of Commerce and Industry in India (ASSOCHAM) have decided to set up a cluster for food and agro-industries in West Medinipur and Murshidabad districts of West Bengal. Both the organizations had signed a memorandum of understanding in this regard earlier in October, but did not select the districts for developing the clusters. The purpose of the project is to enable the states and especially their poverty missions as well as selected private sector entities to promote fruit, vegetable and handicraft processing knowledge and technology.