Oct. 29 – The meetings last week between Indian Prime Minister Dr. Manmohan Singh and Chinese Premier Li Keqiang was a mixture of détente over border issues, some cultural cross-referencing, and the laying down of a platform for increased trade opportunities. In what turned out to become a remarkably cordial and informal series of meetings, the quotes came fast and thick from both sides:
“If the host is hospitable and generous, there will be more frequent visits from guests,” as mentioned by Premier Li. Not to be outdone, Chinese President Xi Jinping also told Singh the famous saying “We need to stand tall and look far, a journey of 1,000 miles begins with a single step.” Continue reading
Oct. 26 – Indian Prime Minister Manmohan Singh and Russian President Vladimir Putin met in Moscow this week for the 14th India-Russia Annual Summit, which focused on deepening India’s strategic partnership with Russia to enhance trade, investment and global stability.
“Despite the fragile global economic environment, our bilateral trade grew by nearly 25% last year to reach 11 billion U.S. dollars. We resolved to promote investments and facilitate closer cooperation in a number of areas with great potential, such as oil and gas, energy, information technology, telecommunications, pharmaceuticals, chemicals, fertilizers, and mining,” stated PM Singh.
In 2000, Russia became the first country with which India signed a Declaration of Strategic Partnership, which has been further strengthened over the past thirteen years. During the recent summit, memorandums of understanding (MoUs) and programs of cooperation were established for investment collaboration and information sharing in the energy, science and technology sectors. In addition to deepening economic cooperation, the leaders also discussed common positions on international and regional issues, emphasizing their commitment to the strategic partnership. Continue reading
In the face of a severe economic slowdown and an impending balance-of-payment crisis, the Indian business community has a clear opportunity to pull the country out of the current crisis. However, this can only achieved if the apex chambers of commerce restructure themselves
By Rajiv Kumar and Karan Pradhan
Oct. 21 – Just three years ago, India was viewed as another Asian upcoming economic giant, along with China. Now, instead, the country is in a severe economic slowdown with a potential balance-of-payment crisis. A plummeting rupee and declining foreign exchange reserves have led some experts to compare it with India’s 1991 crisis with its subsequent IMF bailout.
Certainly New Delhi’s economic mismanagement is largely to blame. But so is the Indian business community. In the last few years, it has abdicated the role it has historically played in providing the government with an independent opinion and pushing for the critical reforms required. Continue reading
In a nation of avid tea drinkers, coffee continues to gain ground.
By Nathan Barlow
Oct. 10 – Coffee first made its initial appearance in China when a French missionary in the 1890s planted beans throughout Yunnan Province. Over the next hundred years, coffee would go largely unnoticed but, as is the case with many things in China, the market has changed quite a bit over the last 20 years.
This is part one of a three-part series detailing various facets of China’s coffee industry. Part two, dealing with coffee trade in China, and part three, dealing with domestic production, will be posted in the coming days. Continue reading