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    Short Takes

    2018-05-18T13:02:56+00:00September 20th, 2017|2018/2017, India Investment Journal September Edition, State Focus: Karnataka, Year|

    IKEA to set up in Bengaluru

    Swedish furniture giant IKEA has finalised Bengaluru as the base for its third Indian store after Hyderabad and Mumbai.

    The company has announced plans for 25 stores in India by 2025, with the first set to open in Hyderabad early next year.

    In Bengaluru, the firm has acquired a 14-acre land parcel from the Bangalore Metro Rail Corporation at Nagasandra on Tumkur road. The IKEA store in Bengaluru is expected to have more than 5 million visitors per year and will be connected to the Nagasandra metro station to offer easy access for the customers.

    Karnataka Chief Minister Siddaramaiah said in a statement: “IKEA will bring best business practices, many employment opportunities, infrastructure development and contribute to the growth of the retail sector in the State. IKEA will work as a catalyst in our development plans.”

    IKEA India CEO Juvencio Maeztu added: “Karnataka is a highly strategic and important market for IKEA. Along with retail stores, IKEA’s purchasing team will also grow local sourcing and engage with local artisan and communities in many projects.”

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      Time for India to get garment exports spinning

      2018-05-18T13:02:56+00:00September 20th, 2017|2018/2017, Cover Feature, India Investment Journal September Edition, Year|

      A country-specific export strategy could turn the tide in India’s favour in the sector, explains an industry expert.

      The world apparel trade stood at $445 billion in 2015 down by 8 per cent from previous year. India’s apparel exports grew by 3 per cent in 2015 whereas that of Bangladesh and Vietnam grew by 8 per cent and 16 per cent respectively in the same year. After the phasing out of quotas in 2005, Bangladesh and Vietnam grabbed the opportunity and their apparel exports increased rapidly. Bangladesh surpassed India in apparel exports in 2008 and Vietnam in 2012 as can be seen from the chart below and their apparel exports have been consistently growing and have been higher than India’s exports throughout.

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        A collaboration for socially relevant enterprise

        2018-05-18T13:02:56+00:00September 20th, 2017|2018/2017, Flagship Scheme, India Investment Journal September Edition, Year|

        The man behind a unique social enterprise initiative bringing together young talent from the UK and India explains what Modual: Mumbai is all about.

        I’m writing this from day three of the Modual: Mumbai workshop. Already the ideas are flowing through a cultural collaboration that has exploded into more energy than even we experienced Modual-ers had anticipated.

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          The counter-balance within a volatile landscape

          2020-12-17T14:17:37+00:00September 20th, 2017|2018/2017, India Investment Journal September Edition, India-Japan, Year|

          Arun Jaitley significantly ramped up India’s ties with Japan in one of his last major foreign visits before handing over the defence portfolio to Cabinet colleague Nirmala Sitharaman.

          India’s outgoing defence minister, Arun Jaitley, left no doubts about India’s close ties with its neighbour Japan during a recently concluded tour of the country in early September.

          The bilateral Defence Ministerial Meeting in Tokyo saw Jaitley and his Japanese counterpart, Itsunori Onodera, clinch a range of significant tie-ups in the field of defence cooperation, combat exercises and exchanges and counter-terrorism. The significant ramping up of ties is undoubtedly being viewed as a counter-balance to the increasingly volatile situation in the region, with India’s continued tensions with China over Doklam and North Korea’s increasingly belligerent overtures with missile tests.

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            Indian realty sector projects investor-friendly image

            2018-08-09T11:06:27+00:00September 20th, 2017|2018/2017, India Investment Journal September Edition, Other Highlights, Year|

            A favourable regulatory environment and attractive asset valuations are enhancing investor confidence by changing the perception of Indian realty in the global arena, a new official report reveals.

            The Confederation of Real Estate Developers’ Association of India (CREDAI), the apex body for private real estate developers in India representing 11,940 developers across 23 states and 171 city chapters across the country, held its annual national convention (NATCON) in London recently to project the sector’s increasingly investor-friendly image.

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              GST: Implications for Indian textiles

              2018-05-18T13:02:56+00:00September 20th, 2017|2018/2017, Cover Feature, India Investment Journal September Edition, Year|

              India’s Goods and Services Tax (GST) has the potential to make the country’s textile industry more competitive.

              A long-awaited taxation reform aimed at “One Nation, One Tax” became a reality in India when the Goods and Service Tax (GST) Act was passed in Parliament on March 29 this year and came into effect from July 1.

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                A silent revolution in the Indian broking market

                2018-05-18T13:02:56+00:00September 20th, 2017|2018/2017, India Investment Journal September Edition, Other Highlights, Year|

                India Inc. property expert analyses the post-implementation impact of the Real Estate Regulation Act (RERA) and Goods & Services Tax (GST) in India.

                If there was one common concern that all developers, especially the ones in residential developments, had in India in the month of June and July, it was the implementation of Real Estate Regulation Act (RERA) and Goods & Services Tax (GST). Larger firms had dedicated internal teams while smaller firms had a battery of consultants and temporary staff assisting in this implementation. The management was fully focussed on getting these two tasks done with sales and construction trailing behind as non-implementation would mean stoppage of business.

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                  Designing an intricate growth strategy for the future

                  2018-12-31T12:00:15+00:00September 19th, 2017|2018/2017, Cover Feature, India Investment Journal September Edition, Year|

                  The Indian textiles sector has received much-needed attention but its future continues to hang in balance unless bold initiatives begin to pay off. The Indian textile industry is the country’s oldest, going back five millennia, and its modern day avatar employs more than 45 million people, making it the country’s second largest employer after agriculture. Over the last couple of decades, however, this industry has been facing global and domestic headwinds that are threatening its continued wellbeing. But governmental and [...]

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                    France and Karnataka: A lasting partnership

                    2018-12-31T12:00:37+00:00September 19th, 2017|2018/2017, India Investment Journal September Edition, State Focus: Karnataka, Year|

                    With its tremendous untapped potential, Karnataka is an appealing locus for French companies. France and India have always been very close. The ties between our two countries have nevertheless been strengthened over the years: whether it be culture, defence, the economy, education, politics or science, our relationship has now grown into a full-scale partnership. While our bilateral trade in goods is expected to come near the $10 billion mark this year (€8.6 billion in 2016), it bears reminding that our [...]

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                      Smriti Irani: The politician weaving her own magic

                      2018-12-31T12:02:22+00:00September 19th, 2017|2018/2017, India Investment Journal September Edition, Profile, Year|

                      Feisty, determined and courageous are just some adjectives that define one of India’s most dynamic young ministers. Smriti Zubin Irani has been a model, Miss India contestant, a McDonald’s worker, a top TV actress, India’s favourite small screen daughter-in-law, a multiple award winning actor, feisty politician and the youngest Cabinet minister in Prime Minister Narendra Modi’s Cabinet. And all this before she turned 38. Along the way, she has faced and overcome many hurdles, sparked several controversies and faced two [...]

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