IBEF: India Brand Equity Foundation
India Brand Equity Foundation DLXXXI March 16, 2015
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
Twitter Facebook Google Plus Youtube
  India is aiming to deepen its interaction with the 10-member Association of Southeast Asian Nations (ASEAN) region with further liberalised tariff lines and a maritime transport pact. The region is looking to coalesce into an economic community with a single market and production base by end 2015. The trade target for this year is US$ 100 billion and both sides are aiming to double it to U$ 200 billion by 2022, as per Ms Sushma Swaraj, Minister for External Affairs, Government of India.

In another recent development, the Ministry of Railways received the highest ever funding of Rs 150,000 crore (US$ 23.96 billion) over the next five years for implementing railway projects from Life Insurance Corporation (LIC). A memorandum of understanding (MoU) was signed between the Ministry of Railways and Life Insurance Corporation (LIC) in the presence of the Mr Arun Jaitley, Minister for Finance and Mr Suresh Prabhu, Minister for Railways. According to the terms of the MoU, LIC will make available to the Ministry of Railways/its entities financial assistance with a limit of Rs 1,50,000 crore (US$ 23.96 billion) over the next five years for implementing the various railway projects. The financial assistance will be available from the financial year 2015-16.

 

Warm regards


Ravi Capoor, IAS
Chief Executive Officer
India Brand Equity Foundation
 
India Now Business and Economy  
What's new@IBEF
Official website of India: Partner Country at Hannover Messe 2015
IBEF is responsible for the creation and maintenance of the official website for India’s participation as Partner Country at Hannover Messe 2015. The world's leading trade fair for industrial technology, Hannover Messe is scheduled to be held from April 13-17, 2015.

More >>
 
 
Poll
Poll India will have the fastest growth in the number of dollar billionaires, compared to the rest of the world, in the coming decade?

Vote Now

Show results >
Past polls
 
Conversations on Brand India
"The Prime Minister of India, Mr Narendra Modi, recently launched the first indigenously developed and manufactured oral rotavirus vaccine – Rotavac."

Ravi Capoor, IAS
Chief Executive Officer
India Brand Equity Foundation
 

Rotavac: Made in India
Read more >>
 
Did You Know?
Indian companies witnessed 113 deals worth US$ 3.4 billion in February 2015, an increase of 40 per cent in terms of volume and around 36 per cent in terms of deal value as compared to the same period last year.
 
 
 
Economy & Policy Snapshots
India, Asean aim to double trade target to $200 bn by 2022
New Delhi: The ten-member Association of Southeast Asian Nations (ASEAN) looks to coalesce into an economic community with a single market and production base at the end of 2015. The trade target for this year is US$ 100 billion and both sides are aiming to double it to U$ 200 billion by 2022, as per Ms Sushma Swaraj, Minister for External Affairs, Government of India.
Read more >>
  IMF ups India's growth forecast to 7.2 per cent for current fiscal
New Delhi: Terming Indian economy a 'bright spot' on the global economic landscape, International Monetary Fund (IMF) on March 11, 2015, raised its growth forecast for the current fiscal to 7.2 per cent.
Read more >>
     
Highest ever funding of Rs. 1.5 lakh crore for Railways - MoU signed with LIC
New Delhi: The Ministry of Railways received the highest ever funding of Rs 150,000 crore (US$ 23.96 billion) over the next five years for implementing railway projects from Life Insurance Corporation (LIC). A memorandum of understanding (MoU) was signed between the Ministry of Railways and LIC on March 11, 2015.
Read more >>
  RBI relaxes loan norms for low-cost housing
Mumbai: The Reserve Bank of India (RBI) has relaxed the loan to value (LTV) norms for houses under Rs 1 million (US$ 15,944.51). Banks will be allowed to add stamp duty, registration and other documentation charges to the cost of the house while calculating the LTV ratio.
Read more >>
     
Infosys BPO opens new delivery centre in Puerto Rico
Mumbai: Infosys BPO Ltd, a subsidiary of Infosys Ltd, has opened a new delivery centre in Puerto Rico. The centre will be operated in collaboration with the Commonwealth of Puerto Rico and the Puerto Rico Industrial Development Company (PRIDCO).
Read more >>
  Foodpanda raises $110 million from Rocket Internet, others
Bengaluru/ New Delhi: Foodpanda has raised US$ 110 million from existing investor Rocket Internet AG and new investors. The company plans to invest this money in developing its product and technology.
Read more >>
 
They Said It
"This (India) is a rapidly growing market with young consumers and our journey here is going to be long-term. There is a big job to be done here and right now is the best time to be here."
Mr Ehab Abou-Oaf,
Regional President - Asia Pacific
Mars Chocolate
 
Exclusive   Focus: Exports
TIGER, TIGER, BURNING BRIGHT…
Bandhavgarh National Park is unique, for its history, flora and fauna, and the royal sightings. It is the royal abode of exotic royal white tigers and the true answer to the nature tourist's prayers. Bandhavgarh calls out to not just tiger lovers but all wildlife and nature enthusiasts, wildlife photographers as well the general tourists.
Read more >>
  Auto components
The Indian auto component industry is one of the country’s rising industries with tremendous growth prospects. From a low-key supplier providing components exclusively to the domestic market, the industry has emerged as one of the key auto components centres in Asia and is today seen as a significant player in the global automotive supply chain. India is now a supplier of a range of high-value and critical automobile components to global auto makers such as General Motors, Toyota, Ford and Volkswagen, amongst others.


Sectoral Presentation
DOWNLOAD NOW
 
Media: Blog
Media: Interview   Moving on – Some observations regarding the economic outlook for FY16
In this exclusive article, Dr. Wilfried G. Aulbur, Managing Partner, Roland Berger Strategy Consultants shares views on the current economic scenario and outlook for the Indian economy for 2015-16.

Read more >>
Privacy Policy: All material, information, data, images or content in this newsletter are subject to copyright or other applicable intellectual property laws and no part of it can be reproduced in any form (including paper or electronic form) without prior written consent and approval from IBEF. Infringements are subject to prosecution under the applicable laws.
www.ibef.org
IBEF does not send unsolicited messages. If you wish to unsubscribe click here
More such stories available at www.ibef.org

IBEF