2017 will be remembered as the year in which India and the US came closer on a number of issues, yet it will also mark the year when the Trump administration frittered away some goodwill by blocking India’s attempt at ensuring food security for millions. The WTO negotiations in Buenos Aires were dead almost before they began. The main point of contention: US opposition to finding a permanent solution to the issue of India (and some other countries) holding large [...]
India takes a tough stand on the Trump administration’s visa crackdown. It’s two steps forward and one step back – once again. We’re talking of Indo-US relations here and the rollercoaster it has been riding on since Donald Trump’s ascent to the White House. The latest irritant to mark the otherwise warm relationship between the two countries is the tightening of rules for issuing H1B and L1 visas. A new directive issued by the Trump administration recently made it more [...]
Resource-poor but demand-rich Indian companies are prospecting and mining natural resources such as coal, oil & gas and other minerals at locations as far apart as Indonesia, Africa, Australia and the US to feed their factories back home. Here’s a trivia question: Which Indian company has a presence, in one form or another, in Audi, BMW, Porsche, Mercedes Benz, Ford, Ferrari, Jaguar and Hyundai cars? Don’t let the presence of Jaguar on that list fool you. The answer is not [...]
Corporate social responsibility (CSR) observers weigh up how CSR in India is different from the rest of the world.
A majority of Fortune 500 companies have a base in India and according to a Bain analysis report, between 1991 and 2012, the number of MNCs in India more than quadrupled. And over 20 years, total MNC revenue grew at a compound annual rate of 18 per cent — faster than the overall economy.
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 [...]
A new publication and web resource on India-US relations delves into a new era of multi-dimensional bilateral ties. “The relationship between India and America has overcome the ‘hesitations of history’.” This was a statement made by the Indian Prime Minister, Narendra Modi, at his joint address to the US Congress in 2016. The “hesitation” refers to the phase where in a bipolar Cold War era India decided to adopt a foreign policy of non-alignment and India’s weak economy pre-1991 wasn’t [...]
Acquisitions and plans for greenfield operations make up India’s recent impact in the US. TVS Group firm plans overseas plant The TVS Group’s flagship firm Sundaram-Clayton Ltd (SCL), a leading Indian manufacturer and supplier of aluminium cast products to global automotive OEMs, has unveiled plans for a new overseas plant. The company is to also invest $61.5 million (Rs 400 crore) over three years to expand its facilities in India. This will increase its capacity from 60,000 MT to 70,000 [...]
The impact of the Goods and Services Tax (GST) is set to shake up India’s property markets.
The Indian real estate market was just beginning to steady itself from the impact of demonetization in November last year by clocking in smart sales in February, March and May nation-wide. However, the dual impact of GST implementation and the Real Estate Regulation Act (RERA) in July, has got the industry extremely worried.
Tata Advanced Systems Limited (TASL) has signed an agreement with American aerospace giant Lockheed Martin to join hands to produce the F-16 Block 70 in India.
The F-16 Block 70 is ideally suited to meet the Indian Air Force’s single-engine fighter needs and the US-Indian industry partnership directly supports India’s initiative to develop private aerospace and defence manufacturing capacity in India under the Make in India initiative, the companies said during the Paris Air Show recently.
The Indian PM’s visit to Washington will be crucial to determine how much the US President is in a mood to listen. The Indian political leadership has, since Independence, rooted for a multi-polar world. Now, with Donald Trump’s US voluntarily pulling back from its role as world’s peace keeper of last resort, India is close to being granted its 70-year-old wish. But, in keeping with the old Indian proverb that more troubles are caused by wishes that are granted than [...]