The 'Make in India' initiative provides significant opportunities to Nordic Companies
Prime Minister Modi's campaign "Make in India" has received attention around the world. In all its simplicity, the plan is to increase industrial production from 15 percent of GDP today to 25 percent. Investors who have bought shares in anticipation of major reforms, hope that the plan is realistic.
The US Trade Representative (USTR) is against India's intellectual property rights (IPR) laws
The US government is under pressure from lobby groups, led by pharma multinationals, to initiate action. Indian law has special provisions that allow patent authorities to reject a patent application citing lack of innovation.
The promise of good times for India
The prime minister Narendra Modi has shown a curious mix of both resolve and caution. Certainly, his leadership has been on display. In the government Mr. Modi is earning a reputation as a stern, hardworking headmaster.
The Indian Government looks to free up supply chain in farm produce
The problem in the supply chain is due to a number of reasons and is one of the main reasons behind spiraling prices of fresh farm produce and kitchen staples like onion and potato. Therefore, the government has fast-tracked the plan to ensure smooth supply of such items through alternative chains. The plan should ensure smooth supply of fresh farm produce and kitchen staples upon implementation.
No income means no international transaction
Vodafone won the case when the Bombay high court ruled in its favour in the transfer pricing case relating to undervaluation of share capital issued by Vodafone India Services Private Limited (Vodafone India) to its Mauritius parent.
Only months after winning the PMs office, Mr. Narendra Modi is fulfilling the promise of good times for India, made during the election. The positive signs are that the political uncertainty is now removed after the parliamentary elections. Mr. Modi is regarded as business-friendly and able to increase the confidence of foreign investors to India.
Improving Governance, reducing red tape, bureaucracy and corruption can introduce accountability and transparency and increase the staff responsibility to perform efficiently.
The Indian Prime Minister's Office is on the driver’s seat in an effort to make it easier to do business in India. Particular attention is now placed on the roadblocks in environmental clearances that figure high on the list of investor woes.
Summer chill with Cobra can of beer
Next summer, get yourself served chilled beer in a can — "Make in Bihar" style. Lord Bilimoria hopeful of the beer business being a great success. Canned beer was first introduced in 2005 in India.
TOP HONOUR FOR MR. RATAN TATA
Ratan Tata is conferred the rank of Knight Commander of the British Empire. Ratan Tata was given the honour for his "services to UK-India relations, inward investment to the UK and philanthropy". The former chairman of Tata group – under whose leadership the group's revenues grew exponentially - and who retired on December 2012 after a 50-year run at the helm. Cyrus Mistry has taken over as the new-chairman of Tata group.