Invest Now Newsletter
India Brand Equity Foundation CCXXXII December 30, 2013
In This Issue
- Policy / Corporate Briefs
- Conversations on Brand India
- Focus (Consumer Durables)
- Focus (Pharmaceuticals)
- Interview
According to Mr Anand Sharma, Union Minister for Commerce and Industry, Government of India, manufacturing will be one of the most important pillars for India’s growth in the long term and the focus on manufacturing should be the first priority for the country if the 150 million people that are expected to join the workforce by 2025 are to be gainfully employed.

The Amritsar-Delhi-Kolkata Industrial Corridor project will soon be presented to the Union Cabinet for approval, Mr Sharma added. The Corridor, which is modelled on the Delhi-Mumbai Industrial Corridor (DMIC), will cover seven states – Punjab, Haryana, Uttar Pradesh, Uttarakhand, Bihar, Jharkhand and West Bengal. The Corridor would enhance industrialisation and job creation in the region that houses over 40 per cent of India's 1.2 billion people. The Minister said that projects such as these could bring in investments from industrialised nations and lift the manufacturing industry in the country.

With the policy and intent in place, India is expected to be the second largest economy in manufacturing in the next five years. India has set a target of increasing the share of manufacturing to 25 per cent of the Gross Domestic Product (GDP) in 2025 from the present 16 per cent.

I would like to take this opportunity to extend warm wishes to you for the New Year.


Aparna Dutt Sharma
CEO
India Brand Equity Foundation

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POLICY / CORPORATE BRIEFS
Amritsar-Delhi-Kolkata Industrial Corridor project to be posed for Cabinet approval soon, says Mr Anand Sharma
New Delhi: The Amritsar-Delhi-Kolkata Industrial Corridor project will be posed to the Union Cabinet soon for approval, said Mr Anand Sharma, Union Minister for Commerce and Industry, Government of India.
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100% FDI allowed in storage and warehousing of farm products
New Delhi: The Government of India has allowed 100 per cent foreign direct investment (FDI) under automatic route in storage and warehousing including warehousing of agricultural products with refrigeration (cold storage).
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RBI allows foreign retail investments in tax-free rupee bond
Mumbai: The Reserve Bank of India (RBI) has allowed foreign retail investors, including non-resident Indians (NRI), to invest in rupee-denominated tax-free non-convertible bonds.
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Axis Bank gets CCEA nod to hike foreign investment to 62%
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) has approved a proposal to increase foreign holding in Axis Bank to 62 per cent from the current 49 per cent. This may result in overseas fund inflow of nearly Rs 7,250 crore (US$ 1.16 billion) into the country.
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Hitachi to invest Rs 4,700 cr in India by 2016
New Delhi: Hitachi, the Japan-based global engineering, construction and electronics giant, plans to invest another Rs 4,700 crore (US$ 758.74 million) in India by 2016. The company aims to expand capacities across business verticals such as construction machinery, IT services, transport and power equipment.
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UK's CDC Group invests $16 million in Chennai-based MFI Equitas
New Delhi: UK-based CDC Group has invested US$ 16 million in Chennai-based microfinance institution Equitas. The equity investment will help Equitas broaden its financial services offerings, and also reach a customer base of 5.5 million, up from the current 1.5 million.
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PepsiCo plans largest India plant in Andhra Pradesh
Hyderabad: PepsiCo India will set up a new beverage plant, poised to be the company's largest plant in India, at Sri City industrial park, close to the Andhra Pradesh-Tamil Nadu border. The first phase of the project will entail an investment of Rs 450 crore (US$ 72.59 million).
Read more >>
SDF to shift some tractor engine lines from Italy to India
New Delhi: Farm equipment maker Same Deutz Fahr (SDF) proposes to shift some engine production lines from Italy to its plant at Ranipet, near Chennai. The company plans to invest Rs 300 crore (US$ 48.41 million) over the next one year in expanding the tractor engine production capacity, said Mr Bhanu Sharma, Managing Director and CEO, SDF India Pvt Ltd.
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CONVERSATIONS ON BRAND INDIA
"The enterprise mobility market in India is expected to increase almost five-fold to touch US$ 1 billion by mid-2015, up from US$ 244 million in 2011."

Aparna Dutt Sharma
Chief Executive Officer
India Brand Equity Foundation
Enterprise mobility: A market with huge potential

Enterprise mobility: A market with huge potential
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FOCUS (CONSUMER DURABLES)
Bosch enters consumer retail space
Bengaluru: Bosch India has entered the Indian consumer retail space with the launch of its first home appliance store in Bengaluru. It's also Bosch's first retail store in the world. By the second quarter of next year the company plans to launch its range of kitchen appliances such as hoods and hobs.
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Sharp brings plasma cluster technology in India
Pune: Sharp Business System (India), part of Japan-based white good industry and electronics conglomerate Sharp Corporation, has launched new series of four door refrigerators—SJFS 79 (Supreme Model) and SJFP 79 (Premium Model)—which work on its patented plasma cluster ion technology.
Read more >>
FOCUS (PHARMACEUTICALS)
Pharma major GSK to make Rs 6,400-cr open offer to hike stake in Indian arm
Mumbai: GlaxoSmithKline (GSK) Plc has initiated an open offer worth Rs 6,400 crore (US$ 1.03 billion) to increase stake in its publicly listed subsidiary in India, GlaxoSmithKline Pharmaceuticals Ltd.
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Biocon signs agreement with US-based Quark
Bengaluru: Biocon Ltd and Quark Pharmaceuticals Inc have entered into a tie-up for the discovery and development of small interfering RNA (siRNA)-based medicines.
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INTERVIEW
Mr John Elkington, Founding Partner and Executive Chairman of Volans, Co-Founder of SustainAbility, on B-schools must integrate CSR in core courses
"Corporations as well as business schools should strive towards integrating corporate social responsibility (CSR) and sustainability with their business strategies and curriculum. Integration is key, whether for corporates or business schools."
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Mr Toru Kishimoto, Vice-President-Sales, Isuzu Motors India Pvt Ltd, on increasing demand for premium SUVs in India
"The demand for premium sports utility vehicles (SUVs) will continue to grow in India. the demand for premium SUVs—the likes of Isuzu's MU-7 and Toyota's Fortuner—was driven by multi-vehicle owners seeking to upgrade to bigger or more powerful models."
Read more >>
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