French carmaker Citroen will launch its C3 Aircross Sport Utility Vehicle (SUV) in India by October, and is betting big on exports from India to markets like South Africa, ASEAN (Association of Southeast Asian Nations) and Nepal, a top company executive told Business Standard. Citroen, which sold 6,000 units through Citron C3 and C5 Aircross SUV, is likely to double its sales during the current year, as it has already sold 6,000 units of Citron C3 and eC3 electric vehicles during the first six months. "We are going to start bookings for the C3 Aircross SUV in September and launch it in October. Price will be at the heart of the midsize SUV market," said Saurabh Vatsa, Citroen India branch head.
Easy global liquidity and investors' eagerness to tap one of the world's few fast-growing regions should create a sweet spot for the region to fill the $600 billion in infrastructure needs the Asian Development Bank identifies over the next decade.
India, along with Southeast Asian countries such as Indonesia, is expected to sustain growth in the medium-term in Asia region, replacing China as the key growth driver, Morgan Stanley and Nomura said in two separate reports released on Monday. While Morgan Stanley projected a 6.2 per cent gross domestic product (GDP) growth forecast for India in FY24, Nomura estimated the Indian economy to grow at 5.9 per cent in 2023. "Even with a slowing China, we expect GDP growth in Asia to sustainably outperform other emerging markets and the US. India and Southeast Asia are set to be the fastest-growing economies this decade.
Leveraging Indo-Asean trade talks means a stronger Look East policy.
The South Asian nations could script a new history of cooperation and prosperity that could serve as an example for other nations, notes Dr Rahul Mishra.
There is no official word either from China or from India on who will represent Beijing at the upcoming G20 summit.
The 25th anniversary of ASEAN-India Dialogue Relations is being marked. And invitations were sent by the Indian government to all ASEAN leaders for the Republic Day function.
While Narendra Modi spent fewer days abroad than his predecessor -- 275 days versus Dr Singh's 306 - he has travelled more widely than any other Indian PM.
Dr S Amer Latif, a senior Pentagon policy wonk, on leave as a Visiting Fellow with the Wadhwani Chair in United States-India Policy Studies at the Center for Strategic and International Studies -- a leading Washington, DC think tank -- has said the civilian bureaucracy with the Indian ministry of defense "is a significant impediment to close US-India military ties."
An Airbus A-380 of the Singapore Airlines (SIA) on Friday took off from Singapore for Delhi, marking the maiden flight of the superjumbo to India.
Manmohan Singh faced stiff competition in Singapore. No, not at the East Asia Summit or in meetings with the Asean. But the rival attractions of two imaginative exhibitions on India's past and an exhaustive three-day conference titled "Early Indian Influences in Southeast Asia" eclipsed his presence while China's Wen Jiabao basked in media glory that reflected the reality of economic and military power.
More than 80 per cent of Indians live in districts vulnerable to climate risks. Among these, Assam, Andhra Pradesh, Maharashtra, Karnataka, and Bihar are the most vulnerable states to extreme climate events.
West Asian carriers are up against Air India and IndiGo in the battle for seats on lucrative international routes.
Singapore's police said on Tuesday it was helping its European counterparts investigate a syndicate accused of fixing the outcome of hundreds of soccer matches.
Foreign investment in India's start-ups has plummeted 72 per cent to $4.58 billion so far, from $16.2 billion during the same period last year.
Banks are hurriedly scrutinising their account holders before stricter tax evasion measures come into force.
The investment chapter of the India-Korea agreement provides equal treatment to investors in the domestic market as also South Korean investors.
It will be Putin's first participation in a multilateral summit after a mercenary group launched a short-lived armed rebellion last week that rocked Moscow.
Plans to enter the Southeast Asian market through acquisition.
Malaysia advanced to the second round of the 2014 World Cup Asian qualifying on Sunday after surviving a nerve-wracking finale to edge past Taiwan on away goals with a 4-4 aggregate score.
Govt policy, not trade with Asean, stifles manufacturing.
'If you look at where inflation (headline and core) is today in India and where the rates are, there's clearly room to cut rates.'
A Singapore court jailed two Lebanese assistant referees for three months on Monday and postponed passing sentence on a Lebanese referee after all three pleaded guilty to accepting sexual bribes to fix a soccer match.
India, long seen as a centre for cost-effective treatment by people around the world, is losing its competitive edge in the medical tourism space.
A powerful senatorial committee on Wednesday is set to consider a bipartisan resolution to recognise Arunachal Pradesh as an integral part of India, pushing back against China's military aggression to change the status quo along the Line of Actual Control.
Singapore Airlines will face intense competition from AirAsia, which will launch its India operations later this year and Tiger Airlines, in which it holds a stake.
India and the Association of Southeast Asian Nations signed an FTA in goods in August last year and are engaged in intense negotiations to expand this pact to include services and investments.
Myanmar's growing rapport with Japan, Western nations and India could influence Sino-Myanmar relations and put pressure on China's "strategic space" in the southeast Asian nation, Chinese state media said on Sunday.
The resolution also pushes back against People's Republic of China (PRC) claims that Arunachal Pradesh is PRC territory, which is a part of the PRC's increasingly aggressive and expansionist policies.
Cricket has been shortlisted for potential inclusion at the 2028 Los Angeles Games along with baseball-softball, flag football, lacrosse, breakdancing, karate, kickboxing, squash and motorsport.
The government expects to conclude the agreement during the December 20-21 meet.
'It is clear to me they take the view that we should do what we can to assist them where they would like assistance,' Deputy Secretary of State Richard Armitage said.
Her reasoning is simple, "It's a Tata company. No shareholder will let go of this opportunity," she told Business Standard. When asked if the other reason for lining up for the IPO is the technology sector and the fact that the combination of Tata and tech is happening after almost two decades, she replied: "The name of the company and the group matter. Tata means stability and credibility," she added.
The mini truck and passenger vehicle, which together crossed the 1-million sales mark in August, are already present in 24 countries.
Most of the artefacts at this museum are reportedly of gold and go as far back as the prehistoric times and come from 11 countries. Besides Shiva, its collection also includes Lord Ganesha from the Indonesian Archipelago.
'I thought of a suppressed country and a free world.' 'If we travel from one to another, what will that road look like?' 'What colours, music there will be? What kind of people would you see?'
PE/VC investments touched a record $11.2 billion in the first half of 2017 against $8 billion in the same period in 2016
Latest data available shows that India's exports to the 10-member bloc of Association of Southeast Asian Nations (Asean) declined by 18.6 per cent to $19.17 billion in the first eight months of this financial year.
To pick up 65% in Hoan My Medical Corporation; deal to be completed in 45 days.
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