Posts tagged ‘Australia’

07/06/2016

Is India the Most Attractive Place for Retailers? – India Real Time – WSJ

India has leapt into second place in a ranking of the most-attractive developing economies for retailers compiled by Chicago-based consulting company A.T. Kearney.

The company assessed 30 countries based on economic growth, urban population and ease of doing business, among other factors. China topped the list for the second consecutive year, followed by India, Malaysia, Kazakhstan and Indonesia.

A.T. Kearney said India’s high growth rate, vast pool of consumers and new rules for foreign investors lifted the country up 13 spots in this year’s Global Retail Development Index.“Retail demand is increasingly driven by urbanization, an expanding middle class, and more women entering the workforce,” the A.T. Kearney report said. But it noted that not everything was rosy, saying India remains a “challenging and complex market” with infrastructure bottlenecks.

Some retailers and analysts said they were surprised at India’s sharp move up in the A.T. Kearney ranking.

A rule that requires foreign retailers to source at least 30% of their merchandise locally, for example, has led companies to rethink their big plans for India.

Wal-Mart Stores has shelved plans to open supermarkets in India saying the requirement is near-impossible to meet. French hypermarket chain Carrefour has also shut shop.

Swedish retailer IKEA is struggling to source domestically, as The Wall Street Journal detailed in this front-page story. And government officials said recently they don’t plan to exempt Apple from local-sourcing requirements.

Meanwhile, consultants and retailers are growing increasingly skeptical about the size of India’s middle class. Most of India’s population still lives under $2 a day; only a fraction of its 1.2 billion people can afford a Zara dress or a Starbucks Frappuccino.

A change in A.T. Kearney’s methodology could have boosted India’s fortunes. The company said it tweaked the metrics it used to calculate this year’s index, which “had a substantial impact on the rankings.

”For example, it evaluated countries with a population of over 5 million this year, compared with 3 million last year. As a result, some countries that were ranked highly last year – such as Uruguay in 2nd place, Qatar in 4th place, and Mongolia in 5th  place, weren’t analyzed this year.

Source: Report: Is India the Most Attractive Place for Retailers? – India Real Time – WSJ

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31/05/2016

China releases new action plan to tackle soil pollution | Reuters

China aims to curb worsening soil pollution by 2020 and stabilize and improve soil quality by 2030, the cabinet said in an action plan published on Tuesday.

The central government will set up a special fund to tackle soil pollution, as well as a separate fund to help upgrade technology and equipment in the heavy metal sector, the cabinet said in a statement on its website (www.gov.cn).

The government will also continue to eliminate outdated heavy metal capacity, the cabinet said.

Last year, the environment minister said 16 percent of China’s soil exceeded state pollution limits. Treatment costs for heavy metal or chemical contamination are high, and China has struggled to attract private funds for soil remediation.

According to Reuters calculations, the cost of making all of China’s contaminated land fit for crops or livestock would be around 5 trillion yuan ($760 billion), based on average industry estimates of the cost of treating one hectare.

Analysts have estimated the soil remediation market could be worth as much as 1 trillion yuan, but authorities have struggled to determine who should pay for rehabilitating contaminated land. Much of the responsibility for the costs now lies with impoverished local governments.

Researchers with Guohai Securities said earlier this year that there are currently 100 key soil remediation projects under way in China with an estimated total cost of 500 billion yuan. With no natural profit motive to encourage private companies to get involved, the clean-up programs have relied mostly on government funding.

China’s five-year plan published in March said the country would give priority to cleaning up contaminated soil used in agriculture. It promised also to strengthen soil pollution monitoring systems and promote new clean-up technologies.

Lawmakers said during the annual session of parliament in March that the country would introduce legislation to help tackle soil pollution by next year.

Companies involved in the sector include Beijing Orient Landscape and Ecology, Tus-Sound Environmental Resources, Beijing Originwater Technology and Guangxi Bossco Environmental Protection Technology.

($1 = 6.5836 Chinese yuan)

Source: China releases new action plan to tackle soil pollution | Reuters

05/02/2016

Adani Power to sign deal to build $2 bln plant in Jharkhand – sources | Reuters

India’s Adani Power Ltd (ADAN.NS) will soon sign a deal to set up a $2.2 billion coal-based power plant in Jharkhand, two people with knowledge of the matter said, as its controlling shareholder aims to nearly double capacity this decade.

A technician repairs power supply lines at a power plant of Adani Power at Mundra Port in Gujarat April 2, 2014. REUTERS/Amit Dave/Files

The company’s shares, which were trading flat, rose as much as 4.4 percent to 26.35 rupees after the Reuters story.

The utility, controlled by billionaire Gautam Adani, plans to build two power units with a total capacity of 1,600 megawatts (MW) and construction could begin by December, one of the people said, adding there is a meeting scheduled in Jharkhand next week and a deal would be sealed this month.

The other person, a Jharkhand government official, said most government approvals were in place already.

An Adani Power spokeswoman did not immediately respond to a request for comment.

The electricity generated from the Jharkhand units would be sold to power-deficient Bangladesh, where Gautam Adani is trying to expand as part of his goal to make the group a multinational energy and infrastructure conglomerate.

Flagship Adani Enterprises Ltd (ADEL.NS), which is fighting legal challenges to start a $7 billion coal mine near the Great Barrier Reef in Australia, wants to take its electricity generation capacity in India to 20,000 MW this decade through Adani Power. ($1 = 67.6300 Indian rupees)

Source: Adani Power to sign deal to build $2 bln plant in Jharkhand – sources | Reuters

27/08/2015

India’s Hard-Working Expat Army – The Numbers – WSJ

Compared with expatriates from other countries, expats from India are younger, better-educated, harder-working and much more likely to be male. A new survey of people working far from home by the expat social group InterNations also suggests Indian expats are much more likely to pick a partner from home and less likely to settle in the country in which they currently work. While there is debate about exactly how expats differ from other migrant workers, any definition would have to include many of the millions of Indians who help run companies, build software and erect buildings across the globe. Indians have proven to be the highest ranked group of migrants to the U.S., in terms of education and pay. Indian-born leaders now run everything from Microsoft Corp. to Google Inc.

The InterNations survey of 14,400  self-declared expats living in 64 countries  offers some interesting insights into what India’s world-wide web of non-resident road warriors looks like. Here are a few numbers from the survey.

80% Around 80%, or four out of five, Indian expatriates who responded to the InterNations survey are male. That’s really lopsided. The average for all countries combined in the survey was about 47% male.

36.5 years Indians that took part in the survey were 36.5 years old on average. That is younger to the broader expat populace, which had an average age of 40.9 years. 45.2 hours Indian expats said they worked an average of

45.2 hours a week. While that is probably not enough overtime to get you to the top of Google like Sunder Pichai, it’s 3.2 hours more than the average expat.

92% More than 90% of those surveyed had a college degree or higher. On average only 83% of the world’s expats graduated from university. Data on Indians enrolled in U.S. schools show they are often more likely to go for advanced degrees. The education of globe-trotting Indians is also seen in their language abilities.

Close to half (48%) of the people surveyed said they could speak four or more languages. 9 out of 10 Compared with other expatriates,

Indians were much more likely to pick a partner from home. Around 89% of Indians in the survey said they were with someone from their home country. On average, expatriates around the world are usually more likely not to choose someone from home. Only 43% of those surveyed said they had a partner from their countries of origin.

12% Nearly a quarter of expats say they would consider settling in the country where they are currently working. For Indian expatriate workers, however, the number is just around one in eight.

Source: India’s Hard-Working Expat Army – The Numbers – WSJ

08/04/2015

Narendra Modi to hard sell ‘Make in India’ at talks with business leaders in Hannover Messe during Germany visit – The Hindu

Prime Minister will inaugurate the Hannover Messe, considered the largest congregation of business tycoons.

Prime Minister Narendra Modi speaks at an event in New Delhi on Wednesday. Photo: V. Sudershan

Prime Minister Narendra Modi will hard sell India as an attractive investment destination while deliberating with movers and shakers of global business at the Hannover Messe during his three-day trip to Germany beginning Sunday, besides holding talks with its top leadership.

In his maiden visit to the European nation as Prime Minister, Mr. Modi will have a packed schedule and wooing investors and projecting his ambitious “Make in India” initiative will be a major focus area.

Mr. Modi will inaugurate the Hannover Messe, considered the largest congregation of business tycoons, along with German Chancellor Angela Merkel. India is the partner country of the fair this year where over 350 Indian enterprises are participating.

“In January, the world came to vibrant India in Gujarat and now exactly three months later, vibrant India is coming to the world in Germany to Hannover Messe,” German Ambassador Michael Steiner told reporters briefing on Mr. Modi’s trip.

Expecting that Mr. Modi’s visit will take the relationship to a “new level”, Mr. Steiner said Chancellor Merkel will come to India in October for the inter-governmental meeting where all major issues will be deliberated at length.

via Narendra Modi to hard sell ‘Make in India’ at talks with business leaders in Hannover Messe during Germany visit – The Hindu.

03/04/2015

Are_China_and_the_US_doomed_to_conflict?

A very interesting and optimistic talk from TED.com by Kevin Rudd, past PM of Australia – http://kevinrudd.com/biography

14/02/2015

Modi’s ‘Make in India’ gets GE boost – The Hindu

Prime Minister Narendra Modi on Saturday inaugurated American multinational General Electric’s (GE) first manufacturing plant in India that will manufacture a range of diversified products for sectors such as energy, aviation, oil & gas transportation.

Prime Minister Narendra Modi speaks at the inauguration of General Electric's multi-modal manufacturing facility at Chakan, Pune on Saturday.

This multi-modal facility will support GE’s global operations as well as cater to the growing demand from the Indian market.

To support Mr. Modi’s ‘Make in India’ initiative, GE Vice-Chairman John Rice announced the second phase expansion of this unit by saying that it was a testimony of GE’s commitment for the Indian market.

Mr. Modi assured global investors that the government’s reforms push will continue and one can expect predictability in government policies.

Thanking GE for committing additional investment in India, Mr. Modi said: “This will give a boost to the ‘Make in India’ initiative. I welcome all global investors to invest in India and I am assuring you that your products manufactured here will be globally competitive.”

He also urged GE to participate in the defence production programmes of the government as well as that of modernisation of Indian railway.

via Modi’s ‘Make in India’ gets GE boost – The Hindu.

22/01/2015

Now Is the Time to Start a Company in India says Pulse Founder – India Real Time – WSJ

Ankit Gupta, the co-founder of Pulse a news aggregating app that was purchased by LinkedIn, has spent the past two weeks traveling across India meeting startup founders and trying to find out what is behind the recent surge in acquisitions of Indian companies by U.S.-based firms.

His conclusion? Now is the time to start a company in India, but if that sounds too risky, here are a few other ways he suggests you can contribute to the startup ecosystem.

Work for an Indian startup. There is a huge demand for good talent, especially at senior levels. Salaries over $200,000 aren’t unheard of.

Invest in startups. Your college network can be very effective in finding them. Angel list and termsheet.io are good resources as well.

Use Indian products and send them feedback. Help Indian products get distribution in your country.

Signup for this newsletter Mr. Gupta started to stay informed about new products launching in India.

via Now Is the Time to Start a Company in India says Pulse Founder – India Real Time – WSJ.

21/01/2015

China’s “new normal” of investment brings new opportunity for win-win – Xinhua | English.news.cn

For the first time in its history, China has become a net capital exporter with outbound direct investment outnumbering foreign direct investment in 2014, presenting new opportunities for win-win cooperation with the rest of the world.

China's "new normal" of investment brings new opportunity for win-win

At the Annual Meeting of the World Economic Forum (WEF) scheduled for Jan. 21-24 in Davos, Switzerland, Chinese Premier Li Keqiang will expound on the Chinese economy‘s “new normal.”

Chinese investors channeled capital into 6,128 overseas firms in 156 countries and regions in 2014, with outbound investment reaching 102.89 billion U.S. dollars, up 14.1 percent from a year earlier, according to a press conference by the Ministry of Commerce (MOC) on Wednesday.

Growth was much faster than the 1.7 percent gain recorded in foreign direct investment, which was 119.6 billion dollars. This is the first time the two-way nominal capital flows have been near a balance.

“If the Chinese firms’ investment through third parties were included, the total ODI volume would reach about 140 billion dollars, which means China is already a net outbound investor,” said Shen Danyang, spokesman with MOC.

Chinese investors are investing in real estate, businesses and other assets overseas while growth at home is slowing. The country registered the slowest expansion pace in 2014 in 24 years, according to the GDP data released Tuesday.

The slowdown comes at a vulnerable time for the world economy — the eurozone is still at risk of another recession, the Abenomics has failed to drag Japan out of the mire, and investors are pulling out of emerging market funds.

Policymakers and investors were not prepared for a reality that after more than three decades on steroids, the world’s second-largest economy has been transitioned to a “new normal” of slower growth.

The market, crazy about speed and figures, seems to have missed the reality that the Chinese economy is healthier under the “new normal” featuring positive trends of stable growth, an optimized structure, enhanced quality and improved social welfare.

China’s sound economic fundamentals have not changed and the government will maintain macro-policies appropriate, Premier Li said during a meeting with Klaus Schwab, founder and executive chairman of the WEF on Tuesday.

The improvement of the quality and efficiency of the Chinese economy and its upgrading will make important contributions to maintaining the stability and healthy development of the world economy and finance, Li said.

The Chinese economy, shifting focus to consumption and investment from polluting heavy industry and manufacturing via complex reforms, will continue to function as a vital ballast for the world economy.

Besides, Beijing aims to create an open capital market by pushing ahead with a broad range of financial reforms to allow more foreign investment and encourage Chinese players to invest abroad. The more transparent and efficient allocation of the Chinese capital will have a positive effect on the global market.

In the process, China has proposed or promoted a host of initiatives and plans, such as the initiatives on the Silk Road Economic Zone, the 21st Century Maritime Silk Road, the BRICS Development Bank and the Asian Infrastructure Investment Bank.

It is fair to say that China’s capital export is creating life blood for the global economy to avoid the risk of declining.

In light of financial difficulty faced by Asia in realizing inter-connectivity and mutual access, China has pledged to contribute 40 billion U.S. dollars to setting up a Silk Road Fund to provide financial support for infrastructure construction, resources exploration and industrial cooperation for countries along the “One Belt and One Road.”

It is estimated that in the next decade, China’s outbound investment will total 1,250 billion dollars, giving more impetus to the worlds’ economic growth.

via Spotlight: China’s “new normal” of investment brings new opportunity for win-win – Xinhua | English.news.cn.

08/12/2014

Chinese tests find quarter of drinking water ‘substandard’: Shanghai Daily | Reuters

Almost a quarter of purified drinking water tested by China’s top safety watchdog was substandard, with many products found to contain excessive levels of bacteria, the official Shanghai Daily newspaper said on Monday.

The findings underline the challenge to controlling supply chains in China, after a slew of food safety scares over the past year from donkey meat products contaminated with fox to heavy metals found in infant food.

The China Food and Drug Administration (CFDA) found excessive bacteria in purified water products from China’s biggest drinks maker, Wahaha Group, as well as C’estbon Beverage Co Ltd and Danone SA’s Robust brand, the newspaper said.

In a statement posted on the official Xinhua news agency, Wahaha said it had recalled the affected products and cut its supply relationship with the water station where it said the contamination had occurred.

via Chinese tests find quarter of drinking water ‘substandard’: Shanghai Daily | Reuters.

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