Monday 18 January 2016

India ranks third on world emerging markets logistics index: Agility

Live Mint
Climbing two rungs by overtaking Brazil and Indonesia, India ranked third in an emerging markets logistics index for 2016, which rates countries based on business environment. The report, which was released on Monday, ranked China and the United Arab Emirates first and second, respectively. The index ranks 45 leading emerging markets using three metrics. Size and growth attractiveness make up 50% of the overall index score, while compatibility and connectedness each account for 25% of the overall score. The index findings use data on economic output, project growth, financial stability, population size, market access and business regulation, foreign direct investment, market risk and security threat along with country’s domestic and international transport infrastructure, and look at how well they connect.

India's exports growth unlikely to improve due to weak global demand: EEPC

DNA
The growth in India's exports is unlikely to improve in coming months as global demand is expected to remain weak, experts on Monday said. The fall in exports, particularly in the engineering sector for several months in a row, is worrying, Engineering Export Promotion Council (EEPC) said in a statement. "Exports are a crucial component of GDP and overall job-creating activity, and the onus must now be on the finance minister to be liberal with export incentives without waiting for the Budget. February end will be too late," it said. Richa Gupta, Senior Director, Deloitte, in India too said trade situation is not likely to gain traction. "Overall, we do not see the trade situation improving much in coming months as global demand is expected to remain weak. Export revival would also be difficult as other emerging markets try and export their way out of the latest slowdown," she said.


Chinese firms eye opportunities in Indian maritime sector

Money Control
“The shipbuilding companies in China are looking out for business opportunities in India as the latter has a long coastline and growing shipbuilding sector. The shipbuilding sector in China is saturated and it is presently facing slowdown. India has a huge market in the shipbuilding sector and Chinese companies have the capability to build ships and meet India’s demand,” remarked Ms. Le Hongxia, Chairman, Global Trade Union and Chairman, Yangzhou Juneng Export and Import Company, in her keynote address during an interactive meeting with the business delegation led by her. The interactive meeting was jointly organised by MVIRDC World Trade Centre (WTC) Mumbai and All India Association of Industries (AIAI) at World Trade Centre Mumbai. Speaking about the Global Trade Union, Ms. Hongxia said the body was set up in Hong Kong in 2010 to provide a platform for Chinese companies to explore commercial ties with their counterparts abroad.
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