Indian exports break the slump
There is some visible improvement in India’s export track record, reflecting positively on the Narendra Modi led administrations many efforts in the field.
Motown India comes of age
The Indian automobile industry is making its presence felt globally with rising exports, multiple acquisitions and heightened exposure to overseas markets.
In February this year something very uncommon, if not unprecedented, happened in the Indian automotive industry. The country’s largest car maker, Maruti Suzuki India Ltd, exported a batch of 1,800 units of its latest premium compact car Baleno to its home market Japan.
Export of cars from India have gained significant volumes and are growing fast but even then this tranche was of special relevance. It was the first time ever that Maruti, where Suzuki owns a majority 54 per cent, was exporting a model from its factories in India to parent Suzuki’s home country. Over the last decade...
Japan: From an outsider to India’s key ally
“Nations have no permanent friends or allies, they only have permanent interests.” The India-Japan relationship has been almost a perfect example of the famous quote by the 19th century British Prime Minister Lord Palmerson on foreign policy.
A Revolution in store for Indian Railways
Japan’s high speed train, with its promise of speed, reliability and safety, to be created on the Mumbai-Ahmedabad route over the next seven years is a significant milestone in India-Japan ties, says Japan expert Dr Rajaram Panda.
Japan-Taiwan-India JV makes Solar India mark
A unique solar project in Andhra Pradesh to be created on the back of a three-way joint venture holds great promise for the sector.
SHORT TAKES
Germany headquartered Munich Re's insurance unit Ergo has agreed to buy nearly 23 per cent more in its India joint venture with Housing Development Finance Corp (HDFC) for $169.03 million, in the latest deal in the country's insurance sector after foreign ownership rules were eased this year.
India fine-tunes quality of partnership with Japan
The synergy between India’s Act East policy and Japan’s Partnership for Quality Infrastructure will work as an effective counter-balance to China’s One Belt One Road programme to connect various countries across Asia, the Pacific and parts of Europe.
India-Japan strategic relationship reshaping Asia
With common ground around unresolved territorial disputes with China, Japan is fast emerging as India’s strongest ally within the “Act East” spectrum. The plethora of deals struck during the Abe visit hold great promise for the future.
India works on smoothing over Japan Tax issues
India’s road from Look East to Act East has led to resolving as many as 15 bilateral tax disputes with Japan. Tax officials from both countries will meet in Tokyo in June to sign agreements aimed solving the transfer pricing disputes relating to Japanese involvement in Indian automobile and auto ancillary sectors and large trading houses.