IBEF: India Brand Equity Foundation
India Brand Equity Foundation DLXXIV December 08, 2014
In this issue
- What's NewIBEF
- Poll
- Conversations on Brand India
- Did You Know?
- Economy & Policy Snapshots
- They Said It
- Exclusive
- Focus: Exports
- Media: Blog
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  The World Trade Organisation (WTO) achieved a historic milestone on November 27 when it managed to secure its first global trade deal. This was made possible after ongoing engagements between policymakers in India and US resulted in a resolution of India’s concerns on food security. This is a vital step forward towards implementation of the Trade Facilitation Agreement (TFA), which is projected to add around US$ 1 trillion to the global economy and generate over 20 million jobs.

The Government has simplified rules for FDI in construction where 100 per cent FDI is permitted. According to the notification, 100 per cent FDI will now be allowed under the automatic route in completed projects pertaining to operation and management of townships, malls and business centres. Additionally, foreign investors will now be allowed to exit a project even before it is completed. The norms are expected to provide a major boost to overseas investors.

Also, the Government of India has awarded a contract worth Rs 1,370 crore to Ricoh India Ltd and Telecommunications Consultants India Ltd (TCIL) for modernisation of 129,000 post offices through automation. This is expected to improve service quality at these post offices, provide value added services and also lead to desirable outcomes in terms of financial inclusion and e-governance. The revenue opportunity from these government projects is expected to amount to around Rs 25,000 crore over the next few years.


Warm regards

Aparna Dutt Sharma
Aparna Dutt Sharma
India Brand Equity Foundation
Ordinary Indians, Extraordinary Enterprise  
What's new@IBEF
State Reports
IBEF State Reports serve as a ready reckoner on the business dynamics across different states of India. The reports provide comprehensive and updated information and insights on the policy environment, economic scenario, investments, exports, infrastructure, critical sectors, growth potential, etc. They are an invaluable guide for businesses looking for new growth avenues.

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Poll Will India have the maximum number of internet users across the world by 2020?

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Past polls
Conversations on Brand India
"India is today considered the Spice Bowl of the World with the country being the largest producer and exporter of spices."

Aparna Dutt Sharma
Chief Executive Officer
India Brand Equity Foundation

Taking spices from Seven Sisters to the world
Did You Know?
India became the fastest-growing market for smartphones in Asia-Pacific for the three months ended September 30, growing by 82 per cent year-on-year
Economy & Policy Snapshots
WTO approves first worldwide trade deal
New Delhi: The World Trade Organization (WTO) approved the first worldwide trade deal in its history on Thursday, ending a four-month impasse that had put a question mark on the future of the multilateral body, after India and the US resolved their differences over public stockholding of food.
  Government eases FDI rules for construction sector
New Delhi: The Government of India has notified easier FDI rules for construction sector, where 100 per cent overseas investment is permitted, which will allow overseas investors to exit a project even before its completion. It also said that 100 per cent FDI will be permitted under automatic route in completed projects for operation and management of townships, malls and business centres.
ISRO's commercial arm inks 16 contracts with 6 countries
Chennai: Antrix Corporation Limited, the commercial arm of Indian Space Research Organisation (ISRO), has finalised contracts to launch 16 satellites of six countries in the coming years. Since 1999, ISRO has successfully launched 40 satellites of foreign customers from 19 countries on board its Polar Satellite Launch Vehicle (PSLV).
  Ricoh gets contract to modernize India Post
New Delhi: The Government of India has awarded a contract worth Rs 1,370 crore to Ricoh India Ltd, a part of the Tokyo-headquartered Ricoh Group, and Telecommunications Consultants India Ltd (TCIL) to modernise 129,000 post offices through automation.
ITC planning to invest Rs 9,000 crore to expand its hotel portfolio
New Delhi: ITC plans to invest about Rs 9,000 crore in the next three to four years to expand its hotel portfolio to 150 hotels. ITC Hotels, one of the largest hotel chains in the country, currently operates 102 hotels. It recently opened the 104-suite resort ITC Grand Bharat near Delhi where it spent Rs 2-2.5 crore per room.
  Flipkart founders invest in electric vehicle start-up
New Delhi: Flipkart founders Sachin Bansal and Binny Bansal have led a US$ 1 million investment in Ather, an electric vehicle start-up focused on designing high-speed electric two-wheelers. The round also includes investment from Raju Venkatraman, a serial entrepreneur and CEO of Medall Healthcare Pvt Ltd, which runs a diagnostic chain in the country.
They Said It
"We are considering a lot of petrochemical opportunities across all our refineries in the next few years as this will... help us in posting a healthy bottomline in future and give us an entry into the value added business."
Mr B. Ashok
Chairman and Managing Director

Exclusive   Focus: Exports
Beat the Blues at Sun City
There will not be a dull moment in a trip to Jodhpur, with the city bustling with activity, visits to temples, monuments, forts and short excursions to the outskirts that add to the experience. Besides the Sun City tag, Jodhpur has also been referred to as the Blue City and the Gateway to the Thar.
India has an ancient tradition of carpet weaving, with the industry flourishing in the country from the 16th century onwards. Today, India is the world's largest producer and exporter of hand-made carpets in terms of value as well as volume. Around 90 per cent of the carpets manufactured in India are exported. Indian carpets are known worldwide for their excellent design, fascinating colours and quality.

Sectoral Presentation
Media: Blog
Media: Interview   Mr Himanshu Aggarwal, CEO, Aspiring Minds
In this exclusive blog Himanshu Aggarwal, CEO, Aspiring Minds talks about ongoing efforts in his company to prepare their hugely successful assessment technology for exports. He elaborates on why the differentiator for their technology is not the typical “low cost me too” product but a highly sophisticated, differentiated product competing with global providers.

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