As defence sector opens up, Russian suppliers yet to find their groove

Source: The Hindu Business Line, Sept 10, 2017

Mumbai: Despite India opening up its defence industry to private players, Russian suppliers still find it more convenient to work with Indian public sector companies. Concerns over experience and expertise are the main reasons, experts say.

Since the new policy was approved in May this year, Russian defence companies — unlike OEMs from the US, Israel and Europe — have been less active in signing MoUs with Indian private sector players such as the Tatas, L&T, Reliance Infrastructure, M&M, Bharat Forge and Ashok Leyland. Read the rest of this entry »

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GST to enable brand licensing industry to grow in India

download.jpgSource: The Economic Times, Aug 20, 2017

MUMBAI: The implementation of Goods and Services Tax (GST) will enable brand licensing industry to grow in India and also allow retail industry to start respecting intellectual property rights, an official said on Sunday.

“Modern retail would unlock itself because of GST. The new tax system will provide level playing field for all the players. We will start respecting lot of intellectual property rights (IPs) now and it will boost the brand licensing business ” License India’s Chairman Gaurav Marya said on the sidelines of the India Licensing Expo 2017.

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Indian media industry to grow at 10.6%, exceed Rs 2,91,000 cr by 2021: PwC

Source: Business Standard, June 07, 2017

Mumbai: The Indian media and entertainment industry is expected to grow much faster than the global M&E industry according to the PwC’s 2017 Global E&M Outlook. The report pegs the global entertainment and media industry to clock 4.2 per cent CAGR from 2016-21 while India is expected to grow at 10.6 per cent. The Indian M&E industry is expected to exceed Rs 291,000 crore by 2021.

The key takeaways from the report are in line with major industry trends: TV advertising will continue to command a huge share of the advertising pie, though internet advertising will emerge as the fastest growing advertising platform. Also in line with current trends, the report predicts India to be among the largest and fastest growing newspaper markets in the world, owing to the popularity of vernacular publications, and increasing literacy rates.

Growth forecast: India vs Global for 2016-21
Sector India CAGR (%) Global CAGR (%)
TV Advertising 11.1 2.8
Cinema 10.4 4.4
Internet Advertising 18.6 9.8
Newspapers 1.1 -2.7
Internet video 22.4 11.6
TV subscription 11.6 1.3
Total M&E* 10.6 4.2
Source: PwC’s 2017 Global E&M Outlook *Total M&E not a sum of sectors listed. Radio, books, magazines, music, gaming also considered in total revenue

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India, Spain sign 7 agreements, decide to widen defence ties

index.jpgSource: The Economic Times, Jun 01, 2017

NEW DELHI: India and Spain on Wednesday decided to widen defence partnership, conclude a civil nuclear deal and share best practices to jointly fight terror.

In the first PM-level visit to Spain in three decades, PM Modi and his Spanish counterpart Mariano Rajoy held talks to strengthen strategic partnership amid signing of seven agreements, including on cyber security and transfer of sentenced persons. The intent to upgrade bilateral ties was evident when Modi said India was “committed to take ties to a new level”.

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India’s strong growth offers opportunities for Spanish firms: PM Narendra Modi

indexSource : Economic Times 2 June 2017

MADRID: It is a great time for Spanish firms to invest in India whose strong economic growth offers “many opportunities” for them in fields of infrastructure, defence, tourism and energy, Prime Minister Narendra Modi said today.

Modi, the first Indian prime minister to visit Spain since 1992, said India and Spain maintain close and cordial relations and he sees great potential in this collaboration.

“The strong economic growth of India offers many opportunities for Spanish companies,” Modi told Spanish daily Expansion in an interview.

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India waiting with open arms for German investments: Prime Minister Narendra Modi

index.jpgsource : Economic Times 31 May 2017

BERLIN: Prime Minister Narendra Modi today called on “more and more German companies” to invest in India even as the speedy conclusion of an India-EU free trade agreement (FTA) was the focus on the German side.

Highlighting the huge potential that remains untapped in the economic partnership during his inaugural address at the Indo-German Business Summit here, Modi said India will welcome German companies with open arms.

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Boost to India’s renewables plan: China steps-up investment in solar energy

index.jpgSource: Business Standard, May 18, 2017

New Delhi: India is treading a strong renewable energy path post-Paris Agreement as it witnesses a step-up in Chinese investments in solar energy. Additionally, there’s a significant slowdown in Chinese investments in thermal power plants.

This fact of slowdown came to light in a just-released report of the Global Environmental Institute (GEI) which says China’s overseas investment, including in India, into 240 coal power plants along the Belt and Road Initiative has slowed down in 2016 after the Paris Agreement on Climate Change.

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