Article

2007-04-19 India-Pakistan

Pakistan says no to Nokia phones made in India

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Posted by John Frum 2007-04-19 15:20|| || Front Page|| [5 views since 2007-05-07] Top

#1 One of the first products from Indian mass manufacturing and Pakistan freaks out. Severe blow to their dignity and honor I suppose.

What will they do when the SEZs come on line, when this comes on line?

India's $50bn corridor of opportunity

MUMBAI - The Indian government has confirmed a deal for a US$50 billion industrial corridor, to be built along the lines of the successful Tokyo-Osaka industrial belt in Japan. To be established with Japan's participation, the industrial corridor will be situated beside the proposed Mumbai-Delhi dedicated rail freight corridor.

India's Commerce Ministry expects the Mumbai-Delhi industrial corridor to deliver, within five years of its completion, a 15%

increase in employment, a 28% increase in industrial output and a 38% increase in exports.

The corridor is based on the Tokyo-Osaka industrial corridor, which has been operating successfully for 30 years and which is said to have contributed two-thirds of Japan's gross domestic product.

The Delhi-Mumbai industrial corridor will cover an area housing 180 million people. To put the size of the project in perspective, India's entire foreign direct investment (FDI) in the current fiscal year is expected to be about $25 billion, according to Indian Commerce Minister Kamal Nath.

Japan agreed to partner the corridor project during Indian Prime Minister Manmohan Singh's visit to Tokyo last December. Besides the gift of a grant, Japan will also invest heavily in the project.

Posted by John Frum 2007-04-19 18:11|| 2007-04-19 18:11|| Front Page Top

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