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Showing posts with the label International Competition

Vietnam to raise South China Sea situation in security dialogue with India

The Hindustan Times  Rezaul H laskar, Oct 02, 19 Vietnam will raise the situation in the South China Sea, including four intrusions by Chinese vessels into its exclusive economic zone (EEZ) since July, in the upcoming annual security dialogue with India this month, Vietnamese ambassador Pham Sanh Chau has said. The latest intrusion by 28 Chinese vessels began on September 30 and was continuing despite more than 40  representations to the Chinese   side since the first intrusion three months ago, the envoy said in an interview. “We told them they shouldn’t violate our waters and they should withdraw all the ships as soon as they can,” he said. India is one of only three countries with which Vietnam has a comprehensive strategic partnership and the annual security dialogue is scheduled to be held in Ho Chi Minh City this month. “We hope we will be able to cover not only the security of the two countries but issues concerning the whole region, and especially, we wi...

Explained: Why Saudi Arabia matters to India

Explained Desk | New Delhi | Updated: February 20, Crown Prince Mohammed bin Salman bin Abdulaziz Al-Saud of the Kingdom of Saudi Arabia landed in New Delhi on his first State Visit to India on Tuesday evening. The Prince was accompanied by a high-level official delegation, as well as a large business delegation. Prime Minister Narendra Modi and the Crown Prince met in November last year on the sidelines of G20 in Buenos Aires. During the visit of the Prime Minister to Saudi Arabia in April 2016, MBS, as he is widely known, had met him as the then Deputy Crown Prince and Minister of Defence of Saudi Arabia. Prime Minister Modi will hold delegation-level talks with the Crown Prince and his delegation at Hyderabad House Wednesday. The Prime Minister will host a lunch in honour of the visiting dignitary in Hyderabad House. The sides are expected to sign Five MoUs/ Agreements during the visit in areas of investment, tourism, housing and information & broadcasting....

Cornered by the Quad?

Harsh V Pant, Feb 28, 2018 The four countries will have to show that their infrastructure development plans are a match to Chinese ambitions Last November on the sidelines of the East Asia Summit in Manila, the Quadrilateral arrangement involving Australia, India, Japan and the U.S. saw a revival as officials exchanged notes on regional and global security. It has been a remarkable turnaround in the prospects of an arrangement which had collapsed a decade ago under the weight of Chinese démarches. In 2017 it was an assertive Beijing that brought the four Indo-Pacific powers together to manage the externalities arising out of the scale and scope of China’s rise. Challenging China Despite an initial meeting, there has been a range of questions on the viability of the Quad arrangement, and specifically on its agenda given that the grouping has often been wary of explicitly annoying the Chinese. But there are signs of emerging priority areas. Last week it was revealed...

‘Trans-pacific pact could hurt India’

The Hindu,  New Delhi, January 28, 2018 If India joined FTA, norms may hit agriculture and manufacturing, says book If India were to join the mega-regional Free Trade Agreement (FTA) called the Trans-Pacific Partnership (TPP) and adopt its norms, they would severely hurt the country’s agriculture, manufacturing, services and the generic pharma industry, according to a new book. Titled “Trans-Pacific Partnership Agreement: A framework for future trade rules?” the book — co-edited by Abhijit Das, Professor and Head, Centre for WTO Studies (CWS), Indian Institute of Foreign Trade (IIFT) and Shailja Singh, Legal Consultant, CWS — has done an analysis of the almost the 5,544 pages of the TPP text. Released on January 27, the book comes in the backdrop of U.S. President Donald Trump’s statement at the World Economic Forum that he was open to the pact provided it offered substantially benefits for his country. It was under his orders that the U.S. had withdrawn from the...

Indian pharma majors are rushing to ‘Make in America’

The Economic Times Jan 19, 2018 US President Donald Trump's 'Make in America' pledge may have spooked many, but Indian pharmaceutical companies are optimistic.  Several Indian drugmakers that have large operations in the US are now pushing to acquire assets there by either investing in greenfield manufacturing facilities or through brownfield M&As.  Experts told ET that the US tax policy, which slashed tax rates to around 21%, has certain advantages for Indian drug makers. ET has learnt that companies like Sun Pharma BSE -0.74 %, Cadila, Aurobindo and Torrent are looking to acquire manufacturing assets in the US.  In an email response, Sun Pharma, India's largest drug maker and the world's fifth largest generic drug maker, said it has an annual capex plan that includes expansion in the West too. "Sun Pharma has an annual capex plan to take care of its growing business in North America, Europe, emerging markets and India. This includes ...