This page contains a Flash digital edition of a book.
NEWSROUNDUP
India Retail industry in India poised to beat global slowdown
A roundup of news relevant Size of retail industry in India (INR bn), 2002-2010
16.986,6
to operations in India 14.478,8
11.120,5
12.076,5
Indian economic growth
8.290,6
8.682,5
9.042,6 9.806,9
10.414,2
projected to surpass Chi-
na in 2010
The World Bank has projected
2002 2003 2004 2005 2006 2007 2008e 2009f 2010f
an 8% growth rate for India in
2010, overtaking China’s expect-
f -forecast
ed 7.7% growth. This will mark the
first time that India has been the
world’s fastest growing economy.
- Economic Times of India
Private consumption alone accounts for more than one third of India’s GDP. Modern retail-
Airbus looks to India for ing formats accounted for only 2.1% of the total grocery sales in India in 2007, but this is
new manufacturing plant set to change as relaxed FDI rules bring foreign investment and local retailers boost their
Airbus is considering building presense.
an Indian aircraft assembly line,
which would be its second such
unit outside Europe after China. Karnataka ket better. The plant would take three to til said in New Delhi, as she spoke about
and Tamil Nadu are the two states being four years before it would be operational. the global recession. The government will
considered by for the assembly line, which - Economic Times of India also develop a roadmap for selling stakes
would include a 2,600 meter long runway in state-run companies, she said.
and facilities for painting and testing air- India considers allowing more - Bloomberg
craft. Depending on specific requirements foreign investment
and other costs, Airbus may have to in- India may allow greater overseas invest- India frets over Chinese iron ore
vest around $600 million in establishing ment, sell stakes in state-run companies, discovery
the facility in India and employ anywhere and inject more capital into lenders to The Chinese Bureau of Geology and
between 600 and 1,000 people across stoke economic growth, Indian President Mineral Resources Exploration in Liaoning
various processes. The company said it is Pratibha Devisingh Patil said. “Foreign di- Province has announced it that has found
seeking to reduce its production costs by rect investment needs to be encouraged an iron ore deposit with an estimated re-
at least 20-30% and serve the Indian mar- through an appropriate policy regime,” Pa- serve of more than 3 billion tons. This is
a major concern for In-
dia, because more than
half of India’s exports to
China are iron ore. While
it will be some time be-
fore the material is ex-
tractable, judging by its
current level of usage,
the deposit is enough to
satisfy China’s require-
ment of iron ore for 25
years, sources said.
An iron ore mine
in China; China may
displace India as a
leading source of
the material.
24 JULY/AUGUST 2009 www.chainaonline.com
Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64
Produced with Yudu - www.yudu.com