The August Issue of India Briefing, our sister publication which focuses on foreign direct investment into India is out now. This latest issue, features India’s growing global stance as a manufacturing hub.
The cover story, “Establishing Manufacturing Operations In India”, deals with legal, tax, financial and operational guidelines, regulations and approval procedures to assist foreign investors set up a manufacturing unit in India. Please do click on the image to download your own personal copy of the magazine for free.
While the main article features application procedures and license approval processes the magazine also features tax compliance’s, labor laws and outlines for setting up a manufacturing base in India’s special economic zones.
In order to bring our readers practical best practices while setting up a manufacturing hub in India, we have also included two market entry case studies on the auto components and electronic products industries, two high growth sectors in India’s booming economy.
The magazine will also be available to download in Mandarin from our website shortly.
For further enquiries on Tax or legal set up in India, please do contact our India Desk at email@example.com
There is a brilliant white light at the end of the tunnel of U.S. financial woes – lucrative jobs in emerging Asia. As investment banks fold in the U.S. and hundreds lose their livelihoods, banks in India and China are lapping up wall street bankers by the dozens. Asian economies which are growing at an average of seven percent annually, can easily absorb these globally experienced whiz kids.
New York’s governor reckons 40,000 Wall Street jobs could go in a worst-case scenario, with talk swirling of more bank deals and mergers.
Shanghai Airlines will be the new plane on the block to fly direct between Asian economic behemoths Shanghai and Mumbai. Official sources say that the airline which will start plying between the two cities from the 29th of October, will fly twice a week on Wednesdays and Saturdays. In order to boost passenger traffic between the two cities, the airline is planning on introducing an initial offer of RMB3,250 + tax for a round trip. If this is the price offered by Shanghai Airlines, it will be one of the cheapest return flights from Shanghai-Mumbai.
Sources have also told 2point6billion.com that since one more Chinese airline has been given permission to fly between the two countries, Vijay Mallya’s kingfisher Airlines, which just won the rights to fly internationally will also start flying between the two countries – most probably from Bangalore to Guangzhou. China Eastern and Air India were the initial airlines which were given permission to fly between India and China.
Thailand’s recent politics seems to have had even more drama than a Bollywood flick packed with thrills, chills and thrusts.
In a recent twist in Thailand’s politics, ousted prime minister Thaksin Shinawatra’s brother-in-law has been elected as the country’s fourth prime minister in two years. The election comes after the country declared emergency two weeks ago following mass demonstrations outside the prime minister’s office compound and the seat of government. Overcoming internal party politics, Mr Somchai won the parliamentary vote 298 to 163.
The New York Times said the new prime minister, Somchai Wongsawat, 61, is a long standing judge and senior bureaucrat who is married to Taksin Shinawatra’s younger sister. The opposition party, People’s Alliance for Democracy, contend that blood might be thicker than water – allowing for the the governing People Power Party, or P.P.P., to carry out Mr. Thaksin’s orders and plot to quash the cases against him so he can return. Continue reading
The fallout from the collapse of Lehman Brothers caused panicked selling of banking shares on Tuesday throughout Asia, where many of the failed American company’s biggest creditors are based. Even as analysts and bankers said the effects of Lehman’s failure on Asian financial markets would be limited, the 158 year old investment bank closed operations in three of their Asian subsidiaries – Lehman Brothers Asia, Lehman Brothers Securities Asia and Lehman Brothers Futures Asia, the International herald tribune reported.
The New York based investment bank also ceased trade on the Hong Kong Securities Exchange and Hong Kong Futures Exchange, but Lehman Brothers Asset Management, its asset management company, is expected to continue operations as usual.
Lehman Brothers biggest exposure in Asia was undoubtedly in Japan where it holds outstanding loans worth US$1.6 billion from seven Japanese banks, including Aozora Bank in Tokyo, to which it owes US$463 million. Lehman further told IHT that it owed Mizuho Corporate US$289 million and US$231 million to Shinsei. It also identified six other Asian banks, including the Bank of China and a unit of Citigroup based in Hong Kong. Continue reading
Our sister website, China Briefing, has been running an excellent series over the past few months on China’s relations with its neighbors. While many concentrate on action within Asian nations themselves, there is little commentary about who is influencing who, and where border trade is developing.
The past week has seen two threads go up on that site concerning India and Pakistan which should be of great interest to 2point6billion readers. Links to them and to the complete series are listed below. Enjoy.
Rivals and Partners: India and China Look Forward
China and Pakistan’s Enduring Alliance