An industry expert shares his thoughts on the changing India-EU dynamic in a post-Brexit scenario and the role of EICBI in strengthening these relations. The statistical work of Angus Maddison (6 December 1926 – 24 April 2010), a world-leading economist, showed that India's share of world income during the 1700s was around 22.6 per cent, which was almost equal to Europe's share of 23.3 per cent at that time. Today, India's share of the global GDP is around 3 per [...]
Romania is undeniable a reliable partner for profit-oriented worldwide entrepreneurs, says the head of Invest Romania. In the highly dynamic and interconnected world of global business having paradigms of economic power being drawn and redrawn relentlessly, with reduced appetence for risk exposure and propensity to invest, Romania has succeeded in maintaining its position as one of the leading foreign direct investment recipients in Europe, ranking 10th with $5.8 billion foreign investment attracted in 2017, as 3 per cent of the [...]
The joint venture with Thyssenkrupp will help address Indian market needs, according to the Indian steel giant. The chairman of Tata Steel welcomed the definitive agreement with German steel major Thyssenkrupp to create a new joint venture company as a “historic” development that would strengthen the steel industry across Europe and India. N. Chandrasekaran was addressing a joint press conference with Thyssenkrupp CEO Heinrich Hiesinger in Brussels at the end of June to mark the creation of Europe’s second-largest steel giant in the form [...]
The country will hit 530 million smartphone users by 2018, behind China’s 1.3 billion but ahead of the US figure of 229 million, a latest analysis finds. In 2018, 66 per cent of people across 52 countries will own a smartphone, up from 63 per cent in 2017 and 58 per cent in 2016, according to Zenith’s ‘Mobile Advertising Forecasts 2017’ report, published recently. The US-based analysis firm found that the top three countries in terms of smartphone usage will remain [...]
From steel, energy and healthcare to food packaging, Indian firms make a mark across the UK and Europe. Tata Steel completes sale of UK mills The UK’s Liberty House Grouphas completed the purchase of two pipe mills from Tata Steel UK in north-east England. Liberty, which is part of the GFG Alliance, had signed a provisional agreement to acquire the units at Hartlepool last month and appointed top steel pipe specialist, James Annal, to head the new pipe and tube [...]
The Indian Prime Minister was on a packed tour of Germany, Spain, Russia and France in May/June and has returned with a slew of agreements and promising pacts for the future. When Prime Minister Narendra Modi arrived in Berlin at the start of his European tour, the term used to describe the visit was the opening of a “new chapter” in the bilateral relations between India and Germany. The PM set off for his meeting with German Chancellor Angela Merkel at her [...]
The love for foreign education among upwardly mobile Indians is not new, but with the economy prospering and domestic education not keeping pace with aspirations, it has turned into a near obsession. Every year, more than 250,000 students venture out of India in search of better education in universities in the US, Europe, South East Asia and Australia. These numbers makes India the country with the highest student mobility in tertiary education after China. It should not necessarily come as [...]
Britain’s minister in charge of international trade makes the case for an open global trading order with the Commonwealth as its cornerstone. I hosted the inaugural Commonwealth Trade Ministers’ Meeting, an event that brought together politicians, officials and policymakers from over twenty Commonwealth nations. It is a testament to the strength of the Commonwealth that so many of its countries were represented at this landmark meeting, during which we discussed the opportunities for trade, investment, and enhanced friendship that lie [...]
David Landsman is the Executive Director of Tata Limited and recently took charge as the Chair of the Confederation of Indian Industry (CII) India Business Forum (IBF) in the UK. He took time out for ‘India Global Business’ to talk about this new role, his wider perspective on post-Brexit India-UK ties and the need to address a decline in India’s exports to Britain. What does the post-Brexit era hold for Indian companies looking at UK/Europe for expansion? Over the past [...]
The Tata Group is India’s most successful global firm but its geographical spread may not always be a good thing.
The Tata Group is a much respected, admired and valued conglomerate in India and one that is also highly successful. Very often the two do not go hand in hand. It is also perceived as a very ethical corporate group, having played a significant role in nation building since its inception in 1868 – creating country’s first steel plant, power station, luxury hotel, domestic airline and information and technology company.