August 2017

///August 2017

Revving up: Auto sector going global

2018-09-04T12:52:39+00:00August 21st, 2017|2017/2018, August 2017, Putting it in context, Year|

India Inc. Founder & CEO Manoj Ladwa tracks how India has driven its auto sector on to the road of global success. Even as you read this piece, there are at least 1,500 passenger cars and 6,000 motorcycles being loaded onto ships at some Indian port for export to the Middle East, Africa, Europe and even the US. The badges they wear read like a veritable who’s who of the international auto industry and include such marquee names as Toyota, [...]

Mission 2022: Modi sounds the election bugle

2018-08-01T13:06:42+00:00August 21st, 2017|2017/2018, August 2017, Last Word, Year|

The Indian PM has spelt out his vision for a New India ahead of the next General Election in the country. Prime Minister Narendra Modi has, in past Independence Day addresses to the nation, announced grand flagship schemes that promise to transform India. So, one was expecting more of the same this year. Instead, the Prime Minister announced a vision – of a New India, that he urged all Indians to work towards, by 2022. He outlined the broad contours [...]

Global Indians in the UAE

2018-08-01T13:04:51+00:00August 21st, 2017|2017/2018, August 2017, Global Indians, Year|

The United Arab Emirates (UAE) has attracted a series of Indian entrepreneurs to its shores who today stand out as the perfect ambassadors for India-UAE ties. Yusuffali MA Organisation: Lulu Group Industry: Retail Place of origin: Kerala Background: Left India in 1973 for Abu Dhabi to join EMKE Group, founded by his uncle. There he developed the business further and launched the Lulu Hypermarket in 1990 at a time when the retail sector in the UAE was undergoing a change. [...]

India an important export hub for auto sector

2018-08-01T13:03:18+00:00August 21st, 2017|2017/2018, August 2017, Cover Feature/Auto, Year|

Y.K. Koo, as Managing Director & CEO of Hyundai Motor India Limited (HMIL), is in the driving seat of one of the leading automotive giants in India. ‘India Global Business’ explores his vision for the Indian market, plans for the country as an exports hub and R&D plans for the region. How important is India for Hyundai globally, as a market and as a production hub? India has emerged as an important automotive market and offers huge growth potential for [...]

Close and warm but…

2018-08-01T13:05:16+00:00August 21st, 2017|2017/2018, August 2017, The Americas, Year|

Donald Trump’s ambivalence on economic and strategic issues concerning India is coming in the way of taking bilateral ties to the next level. If India and the US were Facebook friends, then many in the Indian establishment would be justified in describing the relationship as “It’s complicated.” India is a “major defence ally” of the US, the economic relationship is vibrant, at least on the face of it, Washington has reiterated its support for India to be admitted into the [...]

An export hub in the making

2018-08-01T13:12:08+00:00August 18th, 2017|2017/2018, August 2017, Guest Columns, Year|

The idea of India as an export hub has shown some promise in the last few months. Engineering exports to Israel on a high India's engineering exports to Israel have gone up by about 640 per cent, that is more than seven times in April 2017 on an annualised basis, official data by EEPC has revealed. The sharp jump in exports comes just ahead of Prime Minister Narendra Modi’s impending visit to Israel in July. EEPC is the trade and [...]

India: An emerging global manufacturing hub for the auto industry

2018-05-30T12:01:10+00:00August 18th, 2017|2017/2018, August 2017, Cover Feature/Auto, Year|

From a non-existent base 40 years ago, the Indian auto industry has come a long way, writes an industry expert. Today, India is one of the largest auto industries in the world with an annual production of 25.3 million vehicles, significantly above conventional automotive superpowers such as the US (17.5 million vehicles) and the EU (12.6 million vehicles). The sector directly contributes $97 billion to the Indian economy with automobiles contributing $58 billion and the automotive component sector contributing $39 [...]

Growth markets in Indian sight

2018-08-01T13:12:17+00:00August 18th, 2017|2017/2018, August 2017, Middle East, Year|

From textiles to solar energy, Indian firms continue their impact on emerging markets. Raymond sets up in Ethiopia Silver Spark Apparel Ethiopia, a wholly owned subsidiary of Indian textile group Raymond, has started the first phase of production at its greenfield garment facility in Ethiopia. Set up at Hawassa Industrial Park with an investment of around $30 million (Rs 140 crore), the plant can produce 600 suits per day for different brands and will employ 2,500 people. The production will [...]

An Indian in Lagos

2018-08-01T13:12:33+00:00August 18th, 2017|2017/2018, August 2017, Other Highlights, Year|

Nigeria’s largest and fastest-growing cities is home to many Global Indians. Besides its reputation as a major financial centre and being known as the commercial capital of Nigeria, Lagos also has the distinction of being a historic and lively city. Top 5 Business Hotels in Lagos Federal Palace Hotel www.suninternational.com/federal-palace Address: 6 – 8 Ahmadu Bello Way; Victoria Island; Lagos; Nigeria Email: reservations@ng.suninternational.com Telephone: +234 1 277 9000 Lagos Oriental Hotel www.lagosoriental.com Address: 3, Lekki Road, Victoria Island Lagos Email: [...]

Middle East a key beachhead for Indian companies

2018-08-01T13:12:43+00:00August 18th, 2017|2017/2018, August 2017, Middle East, Year|

Established Indian business houses as well as start-ups are investing billions in the Middle East, especially Dubai and Abu Dhabi, to leverage the global access and ease of doing business the region offers. There are only two certainties in life, death and taxes, goes an old saying. The bonus of living, working and doing business in most Middle Eastern countries is that taxes are either non-existent or very nominal. That is one reason why an increasingly large number of Indian [...]