Archive for ‘India alert’

11/02/2014

UPDATE 1-U.S. ambassador to meet India’s Modi, ending isolation | Reuters

Modi‘s Bharatiya Janata Party (BJP) is considered the favourite to form a government after a general election due by May. He is also the chief minister of Gujarat state, where in 2002, Hindu mobs killed at least 1,000 people, most of them Muslims.

Narendra Modi at a BJP rally

Narendra Modi at a BJP rally (Photo credit: Al Jazeera English)

“We can confirm the appointment,” a U.S. embassy spokesman said. “This is part of our concentrated outreach to senior political and business leaders which began in November to highlight the U.S.-India relationship.”

via UPDATE 1-U.S. ambassador to meet India’s Modi, ending isolation | Reuters.

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10/02/2014

Chinese Startup Oppo Ropes In Bollywood Stars for India Launch – India Real Time – WSJ

As competition intensifies in the global smartphone market, major players including Samsung Electronics and Apple have been spending heavily to market their latest devices through ads and celebrity endorsements. Now, even some startups in China are getting in on the action.

After enlisting famous Hollywood actor Leonardo DiCaprio to star in television commercials to promote its smartphones in China, Oppo is trying to expand in India by using a similar tactic. It is featuring Bollywood actors Hrithik Roshan and Sonam Kapoor in its latest TV commercial as it tries to expand in the fast-growing country.

Oppo started as a manufacturer of MP3 players, Blu-Ray players and feature phones in Dongguan, southern China in 2005. It released its first smartphone in 2011, selling mainly in China, but it is now trying to expand in emerging markets such as India, Indonesia and Vietnam that have a young population and rising purchasing power.

via Chinese Startup Oppo Ropes In Bollywood Stars for India Launch – India Real Time – WSJ.

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10/02/2014

UAE-led group expects to sign $2 bln India power deal soon -sources | Reuters

TAQA, majority-owned by the Abu Dhabi government, is buying two hydropower plants owned by Jaiprakash Power Ventures in the northern Indian state of Himachal Pradesh.

The plants have a total capacity of 1,300 megawatts. TAQA plans to take a majority stake in the plants while India’s IDFC Alternatives and PSP Investments, a Canadian pension fund manager, will hold minority stakes, the sources said.

“They are working to finalise it before the end of this quarter, reinforcing TAQA’s confidence in the Indian market to complement its existing power generation business there,” an Abu Dhabi source familiar with the matter said.

“The deal value is estimated to be slightly over $2 billion. The consortium is likely to take over the debts of the seller,” a second source said.

via UAE-led group expects to sign $2 bln India power deal soon -sources | Reuters.

09/02/2014

Five jawans injured in landmine blast by Naxalites in Chhattisgarh – The Times of India

Five security personnel were on Sunday critically injured in a landmine blast triggered by Naxalites in the Sukma district of Chhattisgarh, police said.

The incident took place this morning in the forest near Bodhrajpadar village under Bhejji police station limits, Sukma Additional Superintendent of Police Neeraj Chandrakar said.

A joint squad of Central Reserve Police Force, its specialized unit Commando Battalion for Resolute Action (COBRA) and district police was engaged in an anti-Naxalite operation in the region, which is around 500 km away from the state capital Raipur, for the past few days.

Maoists triggered a landmine blast and opened fire on the security personnel, Chandrakar said.

Five jawans were critically injured, he added. Maoists retreated as the security personnel retaliated and began to encircle them. Two helicopters have been sent to retrieve the injured jawans.

via Five jawans injured in landmine blast by Naxalites in Chhattisgarh – The Times of India.

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09/02/2014

India may produce record 263.2 MT foodgrains this year: Pawar – The Hindu

Foodgrain production is likely to touch a record 263.2 million tonnes (mt) this year, beating the previous high of 259 mt achieved two years ago, Agriculture Minister Sharad Pawar said on Sunday.

Union Agriculture Minister Sharad Pawar. File photo

“The country is likely to achieve record 263.2 mt foodgrain production this year. This would be about 4 mt higher than the record of 259 million tonnes achieved two years ago,” Mr. Pawar said at an agricultural exposition here.

The foodgrain production fell marginally to 255.36 mt in the last crop year (July-June) due to drought in some parts of the country.

A good monsoon along with improved sowing of both kharif (summer) and rabi (winter) crops have improved prospects of a better foodgrain production this year.

India has now emerged as the world’s top rice exporter and second-top exporter of wheat and cotton. The country is also the top producer of milk and horticultural crops, Mr. Pawar said highlighting progress made in the farm sector.

via India may produce record 263.2 MT foodgrains this year: Pawar – The Hindu.

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08/02/2014

Maoists torch 10 vehicles of road construction company in Bihar – The Times of India

MUZAFFARPUR: Armed Maoists torched ten vehicles of a private road construction company at a village in Bihar’s Muzaffarpur district.

About 200 armed Maoists stormed the workshop of the JMB construction company at Misraulia village late Friday night and vandalized the camp before torching ten vehicles, Senior Superintendent of Police Saurabh Kumar said.

The attack took place as they did not fulfil their demand for levy, he said.

Kumar said a case has been registered against unidentified Maoists in this connection.

via Maoists torch 10 vehicles of road construction company in Bihar – The Times of India.

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08/02/2014

Hindustan Powerprojects to Build Three North India Solar Plants – Businessweek

Hindustan Powerprojects Pvt., formerly known as Moser Baer Projects Pvt., has signed power-sale contracts for three solar plants in northern India.

The company will build two photovoltaic projects of 15 megawatts each in Punjab state and a 20-megawatt plant in Uttar Pradesh, it said in an e-mailed statement today.

Hindustan Powerprojects didn’t provide details describing the terms under which it would sell the electricity to the local state governments.

via Hindustan Powerprojects to Build Three North India Solar Plants – Businessweek.

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08/02/2014

India Predicts Climb From Decade-Low GDP Growth Amid Risks (1) – Businessweek

India forecast a faster acceleration in economic growth than analysts had estimated, a prediction facing risks from interest-rate increases to quell inflation and expenditure curbs by the government.

Gross domestic product will rise 4.9 percent in the 12 months through March 31, compared with the decade-low 4.5 percent in the previous fiscal year, the Statistics Ministry said in New Delhi yesterday. The median of 24 estimates in a Bloomberg News survey had been 4.7 percent. The projection may be revised upward later and the final growth rate is unlikely to be less than 5 percent, Finance Minister Palaniappan Chidambaram said in a statement e-mailed today.

India last month joined nations from Brazil to Turkey in raising interest rates, striving to stem the fastest inflation in Asia and shield the rupee from a reduction in U.S. monetary stimulus that’s hurt emerging-market assets. Opinion polls signaling that the general election due by May could lead to an unstable coalition government are adding to risks.

via India Predicts Climb From Decade-Low GDP Growth Amid Risks (1) – Businessweek.

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08/02/2014

Trade groups seek more U.S. pressure on India over patent protection | Reuters

The U.S. Chamber of Commerce on Friday called on the government to ratchet up pressure on India over intellectual property rights, in a move that could help prevent Indian companies from producing cheap generic versions of medicines still under patent protection.

A patient holds free medicine in Chennai July 12, 2012. REUTERS/Babu

In a submission to the Office of U.S. Trade Representative (USTR), the Chamber of Commerce requested that India be classified as a Priority Foreign Country, a tag given to the worst offenders when it comes to protecting intellectual property and one that could trigger trade sanctions.

Other trade groups, including those representing the pharmaceutical and manufacturing industries, echoed the call for a tougher stance on India.

The recommendations, which were due by Friday, were for a document known as a Special 301 Report prepared annually by the Office of the United States Trade Representative.

India is on the U.S. government‘s Priority Watch List for countries whose practices on protecting intellectual property Washington believes should be monitored closely.

via Trade groups seek more U.S. pressure on India over patent protection | Reuters.

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07/02/2014

India’s Visa-On-Arrival: ‘A Game Changer’ – India Real Time – WSJ

Analysts on Friday hailed the Indian government’s decision to grant visas on arrival to travelers from 180 countries, a move they said would boost tourism, earnings from which could help deflate the country’s bloating fiscal deficit.

This is a “game changer for the Indian economy,” Rajiv Biswas, IHS Global’s chief economist for Asia, said in a statement.

“The new liberalized visa regime has the potential to make India one of the most favoured tourist destinations of the world,” Jyotsna Suri, the vice president of New Delhi-based Federation for Indian Chambers of Commerce and Industry, said in another statement.

On Wednesday, India announced it sought to extend its visa-on-arrival program to tourists from 180 countries, including the U.K., U.S. and China, in a bid to accelerate slow growth in tourism. Previously, only 11 countries — including Finland, Singapore and Japan — were covered under the scheme, which began in 2010. Those visas were valid for 30 days and cost $60.

The Tourism Ministry, in a note on its website, said it found that the scheme had encouraged more tourists to visit India. In 2013 for instance, more than 20,000 visas were issued on arrival, about five times more than in 2010.

Under the new program, the ministry said, travelers can register for an Indian visa online. The visas can then be collected on landing at one of the 26 international airports across the country. Rajeev Shukla, the country’s planning minister who made the announcement, said it could take about five to six months to get the expanded visa-on-arrival program off the ground. The first of these visas, he said, are likely to be issued in October.

via India’s Visa-On-Arrival: ‘A Game Changer’ – India Real Time – WSJ.

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