Narendra Modi

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.