Narendra Modi

MNCs in the News-2017-08-04

Donald Trump administration contemplates using Section 301 of the 1974 Trade Act to challenge China’s technology transfer and intellectual property right protection practices. Foreign businesses increasingly fret about the burdens to be flowing from China’s rejection of non-approved virtual private networks (VPNs) and other data controls/restrictions. China’s Ministry of Finance issues a guideline to limit risk of overseas investments by state-owned enterprises (SOEs). Foxconn Technology Group announces major planned investment in the United States (US) to do R&D work relating to self-driving vehicles perhaps due to Trump’s efforts to bring more manufacturing to the US. Workers at Nissan’s Mississippi factory vote on whether to join the United Auto Workers. Japan’s JFE Holdings Inc. considers further investment into India’s JSW Steel Ltd as a way to profit from increased steel demand potentially flowing from Indian Prime Minister Modi’s economic plans. South Korean firms struggle in the Middle East due to government indifference and rising political tensions. South Korea’s LA Cable & System signs USD $195 million contract with Qatar’s state owned utilities firm. Jakarta focuses on simplifying investment application process for foreign firms seeking investment licenses. Indonesia’s government will start taking bids in September for construction of six massive geothermal power plants. Thailand and Australia discuss revising the Thailand-Australia Free Trade Agreement to increase investment and trade. Indian Oil Corp Ltd in talks with partners to search for cheaper location for Pacific Northwest LNG terminal after recent withdrawal of Petronas. South Korea’s Lotte signs Eco-Smart city development contract with Vietnam’s People’s Committee of Ho Chi Minh City. Vietnam’s Prime Minister confirms that creation of Vietnam’s first three special economic zones would enjoy special rules to attract greater investment.

Dr. Amitendu Palit's picture

India’s Demonetization will encourage more FDI from Asia-Pacific

The Narendra Modi government in India recently banned the use of 500- and 1000-rupee notes. This unprecedented move resulted in the withdrawal of 86 per cent of currency in circulation. The ostensible objectives behind the government’s move was to tackle black money, reduce counterfeiting, and check terrorist financing.

MNCs in the News-2015-12-11

Cisco says it will give its source code to no one while seeking a “win-win” arrangement with China. Chinese media report that Google has set up a shell company in the Shanghai Free Trade Zone. Chinese Ministry of Commerce (MOFCOM) official says that the government will work to facilitate greater outward investment by Chinese firms. Chinese nuclear firms radiate over opportunities presented by China’s Silk Road Economic Belt and 21st Century Maritime Silk Road Initiative. Taiwan struggles to set policy regarding mainland Chinese investment in its chip sector. Chinese firms look to expand abroad to escape limits on their ability to test and sell GMO crops at home. Following the China-Africa summit, Chinese firm wins new railway deals with Kenya. Japan to sign major high-speed rail contract with India. Japanese firms will participate in Brazil urban rail projects. Korean Finance Ministry will create a major fund to support Korean businesses in China. Samsung Engineering scores major petrochemical project awards from Petronas. Nestle acknowledges some working in its Thai seafood supply chain are treated like modern-day slaves. Former Malaysian (Sabah) Chief Minister believes government can create the conditions facilitating a Chinese firm building a bridge connecting Labuan and Sabah. China Railway Engineering Corp. makes investment in Malaysia to lay a possible foundation for bidding on a high-speed rail link between Kuala Lumpur and Singapore.

MNCs in the News-2015-06-26

China and US will exchange revised Negative Lists pursuant to their Bilateral Investment Treaty (BIT) negotiations. China undertakes various initiatives to bolster the e-commerce sector in China including opening the sector to foreign investors. Chinese steel companies contemplate investment in Southeast Asia, pushed by government and pulled by host country attractions. Taiwan’s Hon Hai will build vertically integrated supply chain in India to tap into Indian Prime Minister Narendra Modi’s “Make in India” scheme. Japanese development agency, Japanese companies, and Myanmar work together on training initiative to lay a foundation for future railway investment opportunities. Indonesia works to court Chinese and Japanese investors in labor-intensive and export-oriented areas. Outward investment from Singapore plummets 78.1 percent year-over-year in first half of 2015

Dr. Amitendu Palit's picture

China-India Sister Cities Synergies and Implications for Business

Indian Prime Minister Narendra Modi’s first official visit to China in May 2015 is expected to lay the foundation for expanding the two Asian giants’ budding model of cross-border business and people-to-people contact: the sister-city arrangement. The future growth of such arrangements already is manifest in a slew of “sister city” arrangements planned between Chinese and Indian cities. The foundations of such interactions go back to 2013 when decisions were made to connect Delhi and Beijing, Bengaluru and Chengdu, and Kolkata and Kunming as sister cities.