Saturday, February 4, 2012

Investment News and Commentary from Emerging Markets in Asia - China, India and ASEAN





About 2point6billion.com

2point6billion.com discusses investment news and events from the emerging markets of Asia - including India, China and the ASEAN countries. It is produced by the Asian foreign direct business advisors at Dezan Shira & Associates from their offices across emerging Asia.




India Seeks Back Up for Chinese Power Equipment

Feb. 9 – The Indian Prime Minister’s Office has ordered the Power Ministry to propose a back-up plan to guarantee an adequate support mechanism for Chinese power generation equipment sold to India.

India will be using Chinese power equipment to generate 21,519 MW of capacity while orders for another batch of 14,000 MW  capacity equipment have been placed for future projects. There have been questions raised on the reliability and quality of Chinese-made power generation equipment.

The Indian tenders for power generation equipment were won by Chinese state-owned equipment companies including Dongfang Electric Corporation, Shanghai Electric and Harbin Power Equipment Company Ltd and Sepco.

West Bengal Power Development Corporation’s 300 MW Sagardighi project and Sterlite Industries-run Balco’s 540-MW captive plant using Chinese made equipment are among the big projects that have faced operational difficulties reports The Hindu.

This entry was posted in Foreign Trade. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>



Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at china@dezshira.com, download our corporate brochure or visit at us www.dezshira.com


Dezan Shira & Associates, Twenty years of Excellence

The Asia Briefing Bookstore

Our best selling legal, financial, tax and regional guides to Asia business, industry reports and more…
Click here to view all titles now

China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store

NOW AVAILABLE IN PDF