Japanese are coming!
Palash Biswas
Contact: Palash C Biswas, C/O Mrs Arati Roy, Gosto Kanan, Sodepur, Kolkata- 700110, India. Phone: 91-033-25659551
Email: alashchandrabiswas@gmail.com">palashchandrabiswas@gmail.com
Not only Nimitz or the zionist US Imperiasism, greater danger heralds as Indian ruling Brahminical class welcome Japanes growing interests in South Asia.
Japanese are coming!
Bangladesh is hit by minority persecution but no Bangladeshi government cared. It never comes under pressure despite the fact that the country is run by US embassy with full support from Army. The fact remains that US imperialism never cares for human and civil rights uin Third World. At the same time, it is noticeable that Japanese interests do increase in South Asia and despite strong US presence, Japanese are ther right in Dhaka to protect the fundamentalists and Japan is a country which may not be influenced by even by the unipolar US Hindu Zionist Imperialism.
Bangla divided geopolitics seesm rather to come together under Japanese umbrella and it is quite dangerous. After Bangladesh, Japan targets West Bengal and buddhadev Bhattacharjee not caring the implications is much more inclined to have Japanese investment for his brand of capitalist development nullifying the Marxist Ideology itself!
A ROCK solid relationship structured over half-a-century forms the foundation of Indo-Japanese cooperation today. The relationship has been further cemented with the pledge of the Prime Ministers of both the countries-- Manmohan Singh of India and Shinzo Abe of Japan-- to form Strategic and Global Partnership between the two countries. The major planks of the aspired partnerships reflected in the Joint Statement issued by the two leaders during the Indian Prime Minister's visit to Japan in December , 2006 are: Holding annual Summit-level meetings in respective capitals; Institutionalization of Strategic Dialogue at the Foreign Ministers level; Launching negotiations for the conclusion of a bilateral EPA/CEPA; Setting up of a Business Leaders' Forum; Cooperation in the field of Science and Technology; Expansion of youth exchange, promoting Japanese language education in India, etc.; Cooperation in multilateral framework such as EAS, UN, SAARC, etc.; and Cooperation in the field of energy, environment, anti-piracy, non-proliferation, etc.
"I am convinced that the 21st Century will be the Century of Asia. But to ensure this and to translate this into global prosperity and peace for all, Japan and India must work together", asserted the Indian PM while interacting with the business community during his visit to Japan.
Joint Study Group (JSG), composed of government officials and representatives of business and academia from the two countries, held four meetings after July, 2005. JSG submitted its report to both Prime Ministers when they met in July, 2006, which includes a recommendation for launching EPA negotiations. In December, 2006, the Prime Ministers of the two countries decided to launch immediate negotiations for the conclusion of a bilateral Economic Partnership Agreement/Comprehensive Economic Partnership Agreement aiming to complete in substance as soon as possible in approximately two years.
Japan 's FDI to India will amount to more than $1.8 billion over 3 years. This is reflected in a document of the Japanese Embassy in India. Only by totaling 22 FDI projects reported in Japanese media, Japan's FDI to India will amount to more than $1.8 billion over 3 years from 2005 to 2007, or $600 million per annum. Adding other pipeline projects, including 7 projects reported without specific investment amount, the total amount will very easily exceed $2 billion over 3 years. An annual average of $600 million will far exceed the past peak of $514 million in 1997.
Some representative projects of the total number of Jap projects in India include: Maruti-Suzuki $700 million); Mitsubishi Chemical's MCC PTA ($370 million); HONDA Group ($250 million); TOYOTA ($130 million); ASAHI India Glass ($130 million).
Japan's FDI concentrated largely in two major sectors: automotive industry (60% of the total) and petrochemicals (20%).
New diversified areas of investment are, however, emerging such as other manufacturing industries, pharmaceuticals, food processing, IT soft-wear, textile among many others.It is also noteworthy that many SMEs (small and medium scaled enterprises) are demonstrating their keen interests in the Indian market along with conventional big enterprises.
Many centuries ago, India and Japan had begun exchange between them, when Buddhism was introduced to Japan via the Korean Peninsula. However, Direct exchange, began only in the Meiji era (1868-1912), when Japan started with its process of modernization. From then on, bilateral relations developed around Japanese purchases of cotton. India's friendship with Japan after the war helped a great deal when Japan returned to the international arena. Since 1952, Japan and India have maintained diplomatic relations and enjoyed cordial relations based on trade and economic and technical cooperation. After the WW II, the focus of Japan's economic relations with India switched from the prewar import of cotton to the import of iron ore. Relations developed steadily as Japan's imports of ore and exports of manufactured products increased. Following Japanese Prime Minister Nobusuke Kishi's visit to India in 1957, yen loans to India began in 1958, as the first loan aid extended by Japan.
In 1958 Japan participated in the Consortium Meeting of India's creditor countries hosted by the World Bank and embarked on the full-scale assistance to India that has continued to the present. Since fiscal 1986 Japan has been India's largest aid donor. Japan and India have traditionally enjoyed cordial and friendly relations and the feelings of Indian people towards Japan have been good. The number of Jaanese nationals residing in India was 2,050 (Oct., 1999) while the number of Indian nationals residing in Japan: 9,067 (Dec., 1999) is an indicator of cooperation between the two nations. Bilateral relations between two countries faced delicate situation after India conducted underground nuclear tests in May 1998. Japan also took a series of measures in accordance with Japan's ODA Charter. But both sides have been making efforts to understand each other through dialogue the important partners in Asia.
ECONOMIC COOPERATION
Economic Cooperation between the two nations has been buoyant with Japan's total loans to India amounting to $4,239.0 million in 2004, grant aid were of the order of $ 399.2 million, while technical cooperation totalled to an amount of $ 179.5 million
Traditionally, Japan has been the second largest destination of Indian exports (major exports include gems, marine products, iron ore, and cotton yarn). India is also a major importer of goods from Japan, and its importance has been growing in recent years (major imports include machinery, plant-related products, transport equipment, and electronic machinery).
Agreement on Commerce Between Japan and India (1958) was one of the remarkable treaties signed by the two nations to strengthen their trade relations. Japan-India Trade Talks on overall bilateral trade and investment began in 1978. Since then many such talks have taken place. Besides, private sector forum such as 'Joint Meetings of the Japan-India Business Cooperation Committee', which holds annual joint meetings, promotes private-sector bilateral cooperation in various economic fields as well as mutual understanding.
India is a first country to which Japan extended the first Yen Loan and India has been one of the largest recipients of Japan's ODA. Japan has long been actively providing assistance to India, primarily in the form of Official Development Assistance loans, for upgrading of economic infrastructure, alleviation of poverty through public health and medical care, agricultural and rural development and population and AIDS countermeasures, support for small business and for environmental conservation
India has actively pursued economic liberalization and market oriented economy since 1991. With India's push towards greater economic liberalization policies, Japanese corporations' interest in India has risen, and private-sector investment has increased dramatically and it is expected to rise further in future.
Closely linked to the prospect of FDI is the improvement of India's economic infrastructure. In this respect too Japan has been helping India since 1958 through its Official Development Assistance (ODA) programme. ODA is provided to infrastructural sectors like telecommunication, power and transport. Of course, over the years ODA has expanded beyond infrastructure. Recent ODA packages include just completed Delhi Metro Railway, Yamuna Action Plan and some projects in the Power sector. Japan's assistance under ODA since fiscal 1990-91 to 2001-02 cumulates at 977.14 bn.
INVESTMENT
Majority of the Japanese companies surveyed said that they are making profits and are "positively considering further expansion of their operations". However, to many of them, the inhibiting factors are differences in business practices, environment and culture etc but at the same time they are aware of India's huge market potential, especially in IT and IT-related.
Japanese investors feel that availability of skilled manpower is a major advantage enjoyed by India in attracting foreign investment into India but at the same time a healthy market growth is also equally important.
However, there is a lack of clarity in the policy guidelines. Also, most of Japanese investors feel that ground level hassles like labour laws, taxes, legal and regulatory framework are high in India. They consider procedural delays a major discouraging factor for potential investors. The infrastructure forms the backbone of development of any country. According to the majority of the Japanese investors, overall infrastructure facilities are lacking in India. To attract Japanese investment, Indian transport infrastructure needs improvement; power facilities are below average. The telecommunication facilities are however rated as "average". Japanese investment in India is driven by Indian domestic demand, and that for reasons such as geographical factors, high tariffs and other regulations, it would be difficult to expect the same level of growth as in Sino-Japanese trade." The sectors that attract Japanese investment include transportation (28 percent); telecommunications (18%), fuel (13.5%), chemicals (12.17 percent) and trading (6 percent).
Although investments in IT and automobile industries are increasing, thanks to deregulation, further economic reforms and deregulation are required to attract foreign investment into India. "Specifically, the retail and real estate industries are still closed to foreign investors, and respective deregulation measures are urgently needed. It is absolutely necessary for India to take steps to strengthen the competitiveness of Indian products and to improve the comprehensive productivity through revision of the Labour Act, improvement of infrastructure and individual private companies, of self-help improvement.
Japan's economy minister and some of the country's top industrialists are in New Delhi discussing billions of dollars worth of new investment in India. VOA's Steve Herman reports from the Indian capital. The delegation from Japan is spending five days in India, to pave the way for a massive infusion of new investment in the country. Japanese Economy Minister Akira Amari has been meeting with Indian Trade Minister Kamal Nath to discuss the extent of Japanese participation in the proposed Delhi-Mumbai Industrial Corridor.
The ambitious project, expected to cost up to $100 billion, and to be finished by 2016, will include a 1,500-kilometer freight corridor between India's two largest cities. Also envisioned: new air and sea ports, special economic zones, industrial parks and a 4,000-megawatt power generation facility. The Indian trade minister on Monday said plans should be finalized by the time Japanese Prime Minister Shintaro Abe visits India late next month. Nath says Japan will not be the sole source of funding for the corridor.
The relations between Japan and Bangladesh are mainly based on economy. The emergence of Japan as the single donor country in 1979-80 was an important event. Japan stands second in terms of the assistance Bangladesh receives from different donor countries and agencies. Together with receiving economic assistance Bangladesh also aimed at introducing its own products in the Japanese market and attracting Japanese investment. Besides, Bangladesh procures a huge portion of its imports from Japan. The relations between these two countries are gradually improving against the backdrop of the increasing Japanese interest in South Asia. As regards Japanese investment in Bangladesh, although no remarkable undertaking other than KAFCO (Karnafuli Fertiliser Company) is noticed, Bangladesh has been trying to attract Japan as well as other industrialized countries to its market.
Bangladesh's relations with China, a country with whom it had no formal relations till August 1975, started to grow warmer after this point. China, like the United States, opposed to the War of Liberation of Bangladesh mainly on account of its dislike of India and the Soviet Union. However, although the United States recognized Bangladesh, China did not do so; moreover, in unison with Pakistan, it continued to refer to Bangladesh as a land under Indian occupation. All possible means were tried by Bangladesh to normalise its relations with China. China did not respond to any of those efforts; moreover, it vetoed Bangladesh's admission to UN membership in 1972. Although it did not recognize Bangladesh during the rule of the Mujib government, after a tripartite agreement was signed between Pakistan, India and Bangladesh on 28 April 1974, China no longer objected to Bangladesh's inclusion as a UN member.
Immediately before the emergence of Bangladesh the movement of warships of the big powers, including the superpowers, in the Indian Ocean increased, and, as a result, the states bordering the Indian Ocean felt threatened with the possibility of nuclear warfare in the waters of this ocean. Against this backdrop a resolution adopted in the United Nations General Assembly on 16 December 1971 urged to declare the Indian Ocean as a 'peace zone'. Bangladesh expressed its wholehearted support to it. However, as regards turning the Indian Ocean into a peace zone, there were distinct differences between the viewpoints of those who ruled Bangladesh before and after August 1975. The government that came to power after August 1975 kept on urging to regard the concept of peace zone in a broader perspective than what was in the original proposal. According to the fresh explanations, in addition to preventing the military presence of the extra-regional powers and dispelling threats, the maintenance of national security of the regional countries was also urged in order to create a peace zone. At the same time the need for destroying conventional weapons along with nuclear weapons in order to declare the Indian Ocean as a peace zone was also emphasized. Bangladesh was aware of the importance of the later against the backdrop of the increasing military activities of India and its extensive preparations for war.
Japan is the second largest economy and has been a topmost donor globally. It lost its number one position as a donor only very recently. She has also been generous in its assistance to Bangladesh. In fact Japan has been the largest bilateral development partner for several years. Since her recognition of Bangladesh in 1972, Japan-Bangladesh relation grew from strength to strength. Starting from a very meagre amount of US$ 15 million in 1972-73, Japanese assistance to Bangladesh rose to US$ 356 million in 1994-95 and continues to be around this level to-day. As of 2000-01, Bangladesh has received a total amount of US$ 6049.79 million as foreign aid from Japan.
India and Japan were likely to sign an agreement next month for developing a dedicated freight corridor that would connect Delhi, Mumbai and Kolkata, Commerce Secretary G.K. Pillai said in Chennai Monday. About 200 freight trains would ply on the proposed corridor, Pillai told reporters. A memorandum of understanding (MoU) between the two countries is likely to be signed next month when Japanese Prime Minister Shinzo Abe visits India.Out of the Japanese assistance received, grant assistance is 48% as against loan part of 52%. It is pertinent to note that total foreign aid flow to Bangladesh till 2000-01 amounted to US$ 37713.50 million of which loan is US$ 19728.94 (52%). Though the loan component of Japanese aid is identical to the overall picture, striking dissimilarity is that since 1979 all debt liabilities for loans taken from Japan before JFY 1987 are converted into grant (DRG). This makes this assistance most appealing to Bangladesh. Moreover, in terms of interest and maturity, Japan has been providing assistance on most concessional terms among its ODA to the developing countries. Interest rate for loans to Bangladesh is around 1% having a repayment period of 30 years with a grace period of 10 years. Discounted at commercial rate (10%), this yields a grant element of 74% to Japanese assistance.
In the initial years, food and commodity aid dominated the Japanese assistance. In fact in the early 70s, Japanese food and commodity aid was a boon to overcome the countryfs food deficit and bridge the balance of payments gap through financing necessary imports. After this period, project assistance picked up. The first project assistance was for Dhaka-Chittagong Coaxial Cable Project in 1976. Till e80 disbursement to five projects amounted to US$ 138.82 million only compared to food and commodity aid of US$ 292.71 million. Japanese Project assistance also went through a process of reorientation. In the initial years of 80s import substitution industries were accorded high priority subsequently followed by projects predominantly in the infrastructure sector considered indispensable for investment and export promotion. In recent years rural development and grass root type projects / programs directly benefiting the poor e.g. rural electrification, rural development, micro-credit etc. are finding prominence. In fact Japanese assistance today embrace almost all sectors of the economy.
'This will significantly reduce the time taken for transporting goods from one metro to another and reduce transport load on the roads,' Pillai said.
Japan will allow investigators from the U.N. nuclear watchdog to inspect a nuclear power station damaged last week by a powerful earthquake in order to address international safety concerns, an official said
Villagers protest Indo-Bangladesh fencing, fearing loss of access to ancient temple
Berubari (West Bengal), July 23 (ANI): Villagers in the border town of Berubari in West Bengal's Jalpaiguri District are protesting against security fencing, fearing they would lose access to an ancient temple.The villagers say they are ready to pay any price to protect their religious heritage.
"It has been there for a long time - we can't say exactly when. Both Hindus and Muslims maintain the temple. We will not allow the temple to become a part of Bangladesh," said Pallabh Ghosh, a member of the temple committee.
"If such a situation arises, we will lay down our lives, but not give up the temple," Ghosh added.
India plans to fence most of its border with Bangladesh by 2007. So far, 1,357 km of the border has been fenced. Another 2,429.5 kilometres would be covered in the second phase, to be completed over five years. (ANI)
JALPAIGURI: Four bombs have been recovered from a place at Uttar Haldibari in Jalpaiguri district of West Bengal. BSF sources said the bombs were detected by border guards who were on a patrol along Sankosh river bordering Assam on Sunday.
CPM has left W. Bengal in the throes of turmoil
By Prafull Goradia
Unlike the Punjab in the early years of Partition, there was very little of a population exchange in Bengal. It was a one way traffic which has made the state also over populated, one of the compulsions of which is a shift from agriculture to manufacture. More than one out of every four Bengalis being Muslim, Jamiat-e-Ulema is likely to have a large following in its endeavour to resist the setting up of large factories.
Bengal is getting in the throes of turmoil. On this side of the border, there is a struggle to prevent the industrialisation of the state. Nandigram is only the first symptom of the resistance. Uncannily, although Singur was a similar issue, the impact did not go far. Was it not because the Jamiat-e-Ulma-e-Hind led by Janab Siddiquallah Chowdhury did not have a popular base in that area? Whereas Nandigram is a majority area for him. Incensed by the Marxist contempt towards religion, Chief Minister Bhattacharjee is unable to empathise with the compulsions of Islam. Prophet Mohammed wanted his followers to achieve a majority in the worlds population by doomsday. In order to fulfill this wish, procreation must be prolific which in turn needs an obedient womanhood; preferably uneducated and unquestioning. Such a woman cannot appreciate the value of education for her children. Without secular studies, the offspring cannot grow up to compete for modern jobs. Hence industrialisation is undesirable for Islam. Not all the oil wealth of Arabia and Iran has been able to fuel any great manufacture in West Asia.
Remarkably Bangladesh has also remained substantially without large industries. In the first flush of Partition, a number of jute mills were set up to process all the golden jute that Dhaka and Narayanganj districts produced. For a country with a severely adverse land man ratio, industrialisation should have been a continual process. Perhaps the popularity of Islam has been a significant stumbling block. It is to be seen what kind of government will emerge from the current crisis created by the military takeover. But Islam will continue to be the state religion. So far Bangladesh, and its predecessor East Pakistan has, either pushed out Hindu refugees or sent out Muslim infiltrators. West Bengal has been unfortunate in being at the receiving end of both the inflows.
Unlike the Punjab in the early years of Partition, there was very little of a population exchange in Bengal. It was a one-way traffic that has made the state also over populated, one of the compulsions of which is a shift from agriculture to manufacture. More than one out of every four Bengalis being Muslim, Jamiat-e-Ulema is likely to have a large following in its endeavour to resist the setting up of large factories.
Chowdhury means business; he has gone to the extent of declaring that the CPM is anti-Muslim behind the veneer of secularism. Shri Narendra Modi has given more rights to Muslims than Bhattacharjee in Bengal. Muslims are by far safer in Gujarat where they enjoy more rights and privileges. What is the future Chief Minister Bhattacharyas dream of industrialisation a la China? His dream is not unrealistic; his State was the Ruhr of India at the time of Independence. The two Bengals juxtaposed make an interesting paradox. One side with 90 per cent Muslims who are happy to be agrarian and the other side with 75 per cent Hindus raring to modernise. In the absence of progress, the cream of Bengal talent is emigrating to other parts of India as well as overseas. If the current trend continues, West Bengal would lose the bulk of its elite.
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Posco plans to complete the acquisition of land in Orissa by the end of this year and start foundation work on its steel plant in the early part of 2008.
The Korean giant is setting up a 12 million tonne integrated plant in the state at an investment of Rs 52,000 crore. This is the largest foreign direct investment for a single project in the country.
Posco hopes to get the mining lease for its plant by the end of this year, the company said in a recent filing before the US Securities and Exchange Commission.
It may also start work on port construction early next year. Demarcation and fencing around the proposed site will be done in the next five months.
The company has also got environment clearance from the Centre for its port project in April and for the steel unit in June this year. Posco appears to be confident in meeting these targets, but the ground realities are different.
The company is yet to get a possession of the land at Jagatsingpur, which is the site of the proposed plant, though more than two years have elapsed since the memorandum of understanding was signed with the Orissa government.
Posco has sought 4,004 acres for the plant, to be built in phases. Only 400 acres are private property, while the rest is vested with the state government. Posco has also made a payment for 1,135 acres.
However, resistance from a section of the settlers has made it impossible for the government or company employees to enter the area. A few months back, some Posco employees were held up by the protestors when they visited the site.
Sydney Morning Herald
Terrorism case imploding
Melbourne Herald Sun - 1 hour ago
IF Dr Mohamed Haneef is proved innocent, the young Indian doctor might leave Australia with a large financial bonus in the form of compensation and possible defamation payouts.
More holes in Haneef's investigation NDTV.com
Political row in Australia over handling of failed UK car bombs ...
Amid fears that India's success in trimming its fiscal deficit has surprised even itself but progress in the next two years will be harder as dizzying growth slows and pressure for populist spending rises before elections, India's benchmark share index rose to a lifetime high on Monday -- its 13th in 16 sessions -- led by gains in engineering and construction firm Larsen & Toubro Ltd. and Reliance Industries Ltd. At 2:51 p.m. (0921 GMT), the 30-issue benchmark BSE index was up 0.72 percent, or 112.78 points, at 15,678.33 after climbing as high as 15,690.67. Its previous high of 15,683.03 was on Friday. Emerging technologies such as IPTV, mobile TV, and DTH are set to get shot in the arm with the ministry of communications and the ministry of information and broadcasting (I&
reaching an agreement on the content, carriage, regulatory and ...India is the the most expensive equity market in Asia-Pacific region for 2007, excluding Japan, though the country can give the second-highest returns to investors after Indonesia, says a study by the global brokerage firm Citigroup.
Trade / foreign investment India, which has emerged as the back office of the world in recent years, is expected to face stiff competition from countries like China, Malaysia and Singapore, even as the global outsourcing industry is pegged to reach a market size of $US1,430 billion by the end of 2009.
India's pension fund panel has proposed keeping the interest rate for the country's largest pension fund for 2006/07 unchanged at 8.5 percent, Labour Minister Oscar Fernandes said on Monday.On the other hand, India, already known as the back office of the world, will account for two-third of the global Knowledge Process Offshoring (KPO) segment that could create up to 1.8 lakh new jobs here by 2011, a new study has said.India's Satyam Computer Services Ltd. is eyeing more outsourcing deals in higher margin engineering designs to offset the impact of a stronger rupee on exports, an official said on Monday.
A moderate quake occurred in northern India on Monday, with mild tremors felt in the capital New Delhi, the U.S. Geological Survey (USGS) said.Since 1988, the European Union has had an embargo on selling weapons to Burma. The US has had one since 1993. But that's not stopping India from selling arms to the southeast Asia military regime.
Once again they paid the price of being born a girl in India and were inflicted violence before they could come to this world. Scores of Congress workers and leaders on Monday congratulated party chief Sonia Gandhi on the victory of UPA-Left nominee Pratibha Patil in the just concluded presidential election. On the other hand, Police in the eastern Indian state of Orissa have exhumed skulls and body parts believed to be from three dozen aborted female foetuses and murdered infant girls in an abandoned well, a grisly find that highlights the persistence of infanticide in the ... In a landmark victory, Pratibha Patil will become India's first female president after she won almost two-thirds of the votes cast by state assemblies and the country's parliament on Saturday.
Brit star Sienna Miller was shocked at the extent of poverty in India, during her recent visit as an ambassador for Global Cool. The 25-year-old who is set to do her bit on spreading environmental awareness revealed that she was 'shell-shocked' to see the Bandra Kurla slum in Mumbai. "I'm feeling a bit shell-shocked.
The last of three candidates to become India's vice president, all of them Muslim, finished filing their nomination papers on Monday ahead of an Aug. 10 election.Two candidates -- frontrunner Mohammed Hamid Ansari and Najma Heptulla - filed their nomination papers Monday and the third candidate -- Rashid Masood -- filed them last week.
President-elect Pratibha Patil wants the countrys secular credentials to be strengthened and upper and lower caste divides to immediately end.
"Our India is a secular country. This is the image and we have to make it stronger (secular)," she said when asked how she would like to see the country in comparison to outgoing President A.P.J. Abdul Kalams "Vision 2020".
Patil said in an interview to Doordarshan that though there are so many religions, castes and sects in the country, there should be a sense of "brotherhood" among them.
Asserting that the country make speedy progress, she said, "I think that India should make adequate economic, social and educational progress and immediately... The countrys poverty and unemployment should be removed and there should be gender equality among men and women in the country."
Guidelines proposed by India for trading credit-default swaps exclude a "significant" part of the domestic debt market and may limit growth in bank lending, according to the International Swaps and Derivatives Association.
India cut the customs duty on a range of edible oils on Monday, including that on crude palmoil to 45 percent from 50 percent, a finance ministry official told Reuters.
Reliance Communications has won the e-governance project of the West Bengal government. Under this project, RCOM would set up 1,860 common service centers (CSC) across the state of West Bengal for providing various government 2 government (G2G), government 2 business (G2, business 2 business (B2 and business 2 consumer (B2C) services to the rural populace of the state on a build own and operate (BOO) model. The project will also involve participation of Reliance ADA Group companies to offer innovative products and services, in the field of finance, healthcare, education/training/capacity building, entertainment, energy, travel etc, to the WB semi urban/rural market.
The company today signed a Master Service Agreement (MSA) with the government of West Bengal to commence the execution of the CSC project under the guidelines of department of information technology, Government of India. The project would benefit over 26 lakh households in the state of West Bengal. Government Business Group (GBG) of RCOM is spearheading this initiative and brings along RCOMs expertise in large-scale project implementation and management.
South Korea and India will discuss proposed tariff cuts during another round of talks this week on a planned free trade deal, the South Korean government said.
Sabinsa Corporation announced it has finished constructing a $6mn facility in India for the manufacture of herbal extracts and phytochemicals for markets such as the US, Europe and Japan.
Tourism Minister Ambika Soni met a visiting Indonesian parliamentarian delegation Monday and invited investments from the Southeast Asian country in India's hotel sector.
India's Jindal Stainless Ltd. on Monday raised $200 million through an underwritten loan, two sources familiar with the deal said.
The other side of India's tech boom
Monday July 23, 11:43 am ET
By Daniel Pepper
Fa
