Search Results for: India

BY SWINEETHA DIAS WICKRAMANAYAKA
THE INDIAN leather sector is receiving a major boost from its national government, both in terms of increased production support and export assistance. Industry players are hopeful of receiving IND Rupees 8 billion support under the country’s 10th (five year) Plan.…

BY KEITH NUTHALL
TALKS held between the USA and India over a complaint regarding American rules of origin legislation for clothing and textile products have failed, with New Delhi formally requesting that a World Trade Organisation disputes panel be established to settle the row; the Indian government claims that they unfairly favour the US and European Union textile industries.…

BY SWINEETHA DIAS WICKRAMANAYAKA
INDIA’S Gujarat State Petronet Ltd has developed plans to lay gas transmission trunk line between Shell’s LNG regasification terminal at Hazira, inland to Bharcuh, at a cost of IND Rupees 1,900 million, (US$38.74 million). Gujurat Petronet has signed a memorandum of intent with Shell Hazira Gas Pvt Ltd.…

BY MONICA DOBIE
JIM Buckee, CEO of Canada’s Talisman Energy Inc., has confirmed that his company is currently in talks with India’s Oil and Natural Gas Corp. over selling its controversial oil operations in the Sudan. Mr Buckee did not name a price, but analysts estimate the Sudan operations could fetch between US$600 and US$1billion.…

BY KEITH NUTHALL
THE EUROPEAN Union Council of Ministers has authorised the European Commission to negotiate guaranteed prices for sugar suppliers from India and the so called ACP (African Caribbean Pacific) group of countries, which has special trade relations with the EU.…

BY SWINEETHA DIAS WICKRAMANAYAKA
AN ADDITIONAL injection of IND Rupees 220 million, (US$4.5 million), is to be invested into Cochin International Airport Ltd, in Kerala, India, by five directors of the company, raising their stake to 26 per cent. The move is part of a plan by the company to expand its equity base to INDRupees 2,000 million, (US$40.8 million), from the current IND Rupees 900 million, (US$18.3 million), to liquidate high-cost loans that have been eating into its profits.…

BY SWINEETHA DIAS WICKRAMANAYAKA
PERFETTI India Pvt Ltd, the wholly owned subsidiary of Italian confectionery major Perfetti Sp.A, is about to launch Alpenliebe Cream Strawberry, a milk chocolate variant of its flagship brand, Alpenliebe.…

BY MARK ROWE
MALAYSIA Airports Holdings (MAH) has won a joint contract to build and operate a new international airport in Hyderabad, India, which is expected to be in operation by 2006. MAH will be involved in the airport’s planning, development and operation.…

BY SWINEETHA DIAS WICKRAMANAYAKA
THE INDIAN government is considering the appointment of technical consultants to draw up detailed specifications for the management of India’s four metropolitan airports, namely New Delhi, Bombay (Mumbai), Madras (Chennai) and Calcutta (Kolkata), which is to be leased to private companies.…

KEITH NUTHALL
THE UNITED States has delayed the establishment of a disputes panel at the WTO considering India’s complaint about American textile rules of origin. Washington opposed the move, forcing India to make a second application, which cannot be blocked.…