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GENEVA — United Nations Conference on Trade and Development (UNCTAD) World Investment Report 2015, released on June 24, revealed that global Foreign Direct Investment (FDI) inflows fell to $1.23 trillion in 2014, down from $1.47 trillion in 2013. Representing a 16-percent drop, the report indicated that the fragility of the global economy, policy uncertainty for …

CHINA BECOMES WORLD’S LARGEST FDI RECIPIENT AMID MIXED GLOBAL OUTLOOK Read More »

China and India are adding fresh momentum to the establishment of the Bangladesh-China-India-Myanmar (BCIM) economic corridor, which is expected to develop gradually before more ambitious goals are achieved. Chinese officials acknowledge that unlike in the past, when it was perceived to be dragging its feet, India is now showing enthusiasm over the project, which will …

CHINA, INDIA FAST-TRACK BCIM ECONOMIC CORRIDOR PROJECT Read More »

NEW DELHI: Beef may be having rough days under the BJP government, but Prime Minister Narendra Modi’s visit to China last monthmay have cleared the way for export of the meat to the world’s biggest market two years after an agreement was signed. Agri-products such as pomegranate, non-basmati rice and okra could also find their …

EFFECT OF PM MODI’S CHINA VISIT: CHINESE INSPECTORS MAY ALLOW INDIAN BEEF EXPORTS Read More »

The State Council general office released a guideline on June 26 aimed at promoting the development of private banks by encouraging and guiding private capital to enter the banking industry. The government also aims to provide more individualized and convenient financial services for medium, small and micro-sized enterprises; rural areas, agriculture and farmers; and mass …

CHINA PROMOTES PRIVATE BANKS Read More »

NTPC, a Maharatna Company under the Ministry of Power, has signed its second MOU in a span of two months with the National Skill Development Fund (NSDF) and National Skill Development Corporation (NSDC). The MOU, which is a corporate responsibility initiative towards Skilling India, was signed in the presence of Piyush Goyal Union Minister of …

NTPC SIGNS MOU FOR SKILL DEVELOPMENT IN BIHAR Read More »

India’s energy, transport and other infrastructure projects will no longer have to look for costlier finance with China-led Asian Infrastructure Investment Bank (AIIB) taking shape on Monday. The bank is all set to start operations early next year. The AIIB, a new financial institution is seen as a rival to the World Bank and Asian …

INDIA JOINS CHINA-LED INFRA BANK Read More »

BEIJING: China said it is making “every effort” to address India’s concerns on $47 billion trade deficit as it called for combining Prime Minister Narendra Modi’s ‘Make in India’ initiative with its ‘Made in China’ to step up investments. “We are making every effort to fundamentally solve the issue. We need to find a new …

CHINA WANTS TO COMBINE ‘MAKE IN INDIA’ WITH ‘MADE IN CHINA’ Read More »

India is reinvigorating an US$18 billion campaign to provide fast internet connections for all, with a “digital week” aimed at popularising Prime Minister Narendra Modi’s campaign promise to connect 250,000 villages in India by 2019. The government’s tech push, which plans to provide electronic governance and universal phone connectivity across the country, aims to bridge …

DIGITAL INDIA: MODI RESTARTS US$18BN BID TO GET 250,000 VILLAGES ONLINE IN JUST THREE YEARS Read More »

India will emerge as a parallel production hub to China for global markets in electronics manufacturing as the government shifts attention to boost the making of sophisticated, high-technology products in the country, says telecom and IT minister Ravi Shankar Prasad. “There is a surge towards India as a manufacturing destination, and this will only grow,” …

INDIA TO BE A PARALLEL MANUFACTURING HUB TO CHINA: RAVI SHANKAR PRASAD Read More »

ICTC has received yet another recognition, this time by the Linyi Municipal People’s Government by opening of New Chapter in Linyi City of Shandong Province on 08th of September 2015 in a grand ceremony attend by the top leaders of Standing Committee of Linyi Municipal People’s Congress including H. E. Mr. Zhang Shuping –Mayor, H. …

PRESS RELEASE: INDIA CHINA TRADE CENTRE (ICTC) OPENING IN LINYI CITY, SHANDONG PROVINCE, PEOPLE’S REPUBLIC OF CHINA Read More »