News on Indian Economy
It is interesting to note that of all the Arctic nations, Russia seems to have four key factors that are likely to work for India—largest untapped oil and gas deposits in the Russian part of Arctic; an operable northern sea-route with accelerated Arctic melting opening up shipping opportunities; muted environmental disruptions; and a long history of Indo-Russian collaborations.
The big change, however, has been in the overall growth of brand values in the BrandZ 2019 Most Valuable Indian Brands, a report by WPP and Kantar Millward Brown. The total value of the top 75 brands increased to US$ 228.2 billion, growing at a moderate 6 per cent over 2018, far slower than 34 per cent recorded the previous year. The report calculates valuations and ranking by combining companies’ financial data with consumer insight and opinion.
Kumar further added “We are aggressively growing our business and aiming to clock USD 1 billion in revenue by end of 2019 with a significant focus on our in-house brands in 2019. Our G-brands contribute 40 per cent to our current revenue, and we plan to increase it to 60 per cent in the coming years.”
The World Bank has published a list of the top-20 reformers — different from the top overall performers with regard to change in business climate — over the 12-month period ending in May 2019. These countries have made the most progress in implementing reforms to make it easier for small and medium enterprises to do business, according to a spokesperson of the multilateral agency.
The companies that participated in the roundtable had a combined net worth of US$ 16.4 trillion, of which their net worth in India is US$ 50 billion.
Saudi Arabia is contemplating to invest $100 billion in India in key sectors such as petrochemicals, infrastructure and mining among others, considering the country’s growth potential, as per media report.
A total of ten states participated in the CSMC namely; West Bengal for 27,746 houses , Tamil Nadu for 26,709, Gujarat for 20,903, Punjab for 10,332, Chhattisgarh for 10,079, Jharkhand for 8,674, Madhya Pradesh for 8,314, Karnataka for 5,021, Rajasthan for 2,822 and Uttarakhand for 2,501 house.
Giving a break up of the agreements, Laksanawisit on his first visit to India said the agreements signed in Mumbai total 4.45 billion Thai baht (about Rs 900 crore) while in Chennai, it was 7.623 billion Thai baht (about Rs 1,500 crore).
The Sansui brand is owned by Sansui Acoustics Research Corp whose parent company is Hong Kong-listed Nimble Holdings.
At present, India is third on the charts, only behind the US and the UK, with a green footprint of 7 billion square feet (sft). Its target: 10 billion sft in the next three years.
