Yearend 2016

///Yearend 2016

Job creation at core of Indian impact in US

2020-03-16T11:24:11+00:00December 20th, 2017|2016, 2017/2018, December 2017, India-US, India-US, Year, Yearend 2016|

Indian companies created over 100,000 jobs in the US in recent months, which will define the relationship into the New Year. Biocon widens BristolMyers Squibb tie-up Biocon's contract research arm, Syngene International, has expanded its ongoing drug discovery and development with US-based Bristol-Myers Squibb till 2026. Syngene International said in a Bombay Stock Exchange (BSE) filing: "The next phase of the partnership will see the addition of a new facility to support future Bristol-Myers Squibb research and development operations, an [...]

Why London attracts Indian companies, big and small

2018-09-05T12:49:54+00:00December 11th, 2016|2016, India-UK, Year, Yearend 2016|

London attracts many of India’s new adventurers looking to expand globally. A trade and investment expert from the mayor’s team tells ‘India Global Business’ why that will continue to be the case in the New Year. It is crucial London further strengthens ties with the great cities across India, because when it comes to business, we already share a special bond. We wish to underline the message that London is open to investment, trade and talent, and also that we [...]

Securing India’s energy future

2018-09-05T12:50:34+00:00December 11th, 2016|2016, Sector Focus, Year, Yearend 2016|

India has got its electricity under control but still does not have an answer to its unrelenting thirst for imported crude. India has invested heavily in building up power plants to the extent there is a glut-like situation today. This year, India’s installed power capacity crossed 300 GW while peak power consumption is estimated in the range of just 140 GW. At least part of this excess capacity is lost as, at 27 per cent, the distribution and transmission losses [...]

A new trade era: What it means for Asia and the UK

2018-09-05T12:52:26+00:00December 11th, 2016|2016, India-UK, Year, Yearend 2016|

From someone who vigorously campaigned for the UK to remain in the European Union, Alok Sharma now finds himself on a rather different kind of pitch as the Foreign Office Minister charged with Asia. His post-Brexit appointment led to a flurry of visits to Asia to deliver Prime Minister Theresa May’s “Brexit means Brexit” message. Many commentators call this century the Asian century. For historians, though, the reality is that the economic centre of gravity is merely returning Eastward. In [...]

The European Union: What next?

2018-09-05T13:31:28+00:00December 11th, 2016|2016, India-EU, Year, Yearend 2016|

To say that the year 2016 shook up the very foundations of the European Union (EU) would not be an exaggeration. The reverberations from the Brexit vote in Britain aside, the economic bloc is undergoing its biggest existential crises that will continue to unravel in the New Year. India has had a rather bumpy ride with the EU, not least when it comes to the now infamous free trade agreement (FTA) which has been stuck in various rounds of negotiations [...]

Dancing with the Dragon

2018-09-05T12:51:32+00:00December 11th, 2016|2016, World View, Year, Yearend 2016|

The underlying mood may be tetchy, but overall India-China relations covered some important ground in 2016. In 2016, particularly following the Nuclear Suppliers’ Group (NSG) plenary in Seoul in June, India-China relations became decidedly testy. Several reasons were attributed to this and it is possible all of them had a bearing on the outcome. Critics of the Indian government’s attempt to gain acceptance as a full member of the NSG blamed that motivation. They argued the bid was premature and [...]

Jury is still out on Trump

2020-03-12T14:25:31+00:00December 10th, 2016|2016, India-US, Year, Yearend 2016|

India will adopt a wait and watch policy on the new US President-elect until there is greater clarity on issues of importance. The world is still trying to come with a Donald Trump presidency in the US. Pick up any newspaper or switch on any current affairs channel anywhere in the world and the hot topic is what the chief executive-elect of the world’s most powerful country means for (depending on which city you are in) the Trans-Pacific Partnership, the [...]

Romancing the Bear

2018-09-06T10:25:36+00:00December 10th, 2016|2016, World View, Year, Yearend 2016|

India-Russia ties have been rooted in history but 2016 marked a shift in gears to give the relationship a solid 21st century dimension. President Vladimir Putin’s visit to India in October marked a boost for the Make in India programme with the signing of a slew of deals for the co-production of military helicopters. India also signed up to the purchase of Russian missiles and frigates. Some highlights of the joint statement issued by Prime Minister Narendra Modi and Putin [...]

WOOING INDIA INC.

2018-09-06T09:58:35+00:00December 10th, 2016|2016, World View, Year, Yearend 2016|

Indian companies are collectively the third largest foreign investor in the UK and the largest employer in its manufacturing sector. Then, Indian IT companies employ about 100,000 US citizens in that country. No wonder countries across the world are inviting Indian companies to invest in them and are laying out the red carpet for them. Indians have seen senior government functionaries from the Prime Minister downwards hard selling India as a an ideal destination for FDI from the West, China, [...]

Acting East with ASEAN

2018-09-06T11:42:41+00:00December 10th, 2016|2016, South Asia, Year, Yearend 2016|

India’s proactive Act East policy hinges heavily on the ASEAN free trade group and it is the many emerging economies in this collective that offer growth opportunities for Indian companies. The Association of South-East Asian Nations (ASEAN) comprises of the Philippines, Indonesia, Singapore, Malaysia, Brunei, Thailand, Cambodia, Laos, Myanmar and Vietnam. India’s focus on a strengthened and multi-faceted relationship with ASEAN was reinvigorated at the 12th ASEAN India Summit in Nay Pyi Taw, Myanmar, in November 2014, when Prime Minister [...]