Ethiopia
(Source : embassy of India, Addis Ababa)
Indian company, Sonalika Tractors, New Delhi has launched its new Mega capacity tractor of 110 HP and other smaller capacity tractors of 20 HP, 50 HP, 60 HP and implements in the Ethiopian market on 22 July in the presence of HE Azeb Mesfin, CEO of EFFORT Group and Shri Ashok Kumar, Charge d’Affaires of the Embassy at the event organized by the Mesfin Industrial Engineering PLC at their assembly pant in Wukro, near Mekelle. Mesfin Industrial Engineering PLC (MIE) has been engaging in business with Sonalika Tractors for the last 10 years undertaking local assembly and marketing of SONALIKA brand tractors and implements in Ethiopian market and they have moved forward from selling 75 HP tractors to assembling and marketing 90 HP tractors and now 110 HP tractors. The plant has the capacity to assemble 240 tractors per month. MIE was established in 1993 as the engineering wing of Endowment Fund for the Rehabilitation of Tigray (EFFORT).
A workshop on the investment opportunities in Ethiopian textiles held on 21 July in India. According to fibre2fashion, the session hosted by Ethiopian Investment Promotion and International Trade Centre and the Southern India Mills` Association. The investment promotion workshop provided a platform for engagement between Indian textile industries and a high-level Ethiopian delegation to explore partnerships in the sector. It also raised awareness of existing opportunities for investment in Ethiopia with a particular emphasis on the textile and garments. The session highlighted key factors that serve as Ethiopia’s comparative advantages in the cotton, textile and apparel sector. Ethiopia is expected to become a sourcing hub for the global textile and garment industry within the next decade.
Republic of Korea
(Source : Embassy of India, Seoul)
Market access :
Alerts on SPS/TBT notifications, import procedures, export restrictions put in place; change in trade policy
• Expansion of installation target on electronic stability control system: Expanding installation target from passenger vehicles and small vehicles to all vehicles on Electronic Stability Control (ESC) system, which is to make stability automatically in driving motor vehicles
• Harmonization of the KMVSS with UN Regulations: Improving safety standards on driver`s and passenger`s seat (UN Regulation No. 107), tyre safety(UN Regulation No. 117, seat belt reminder system (UN Regulation No. 16), and pedestrian safety (UN Regulation No. 127, Flex-PLI)
• Mandatory installation and standard of emergency exit :Introduction of the emergency exit on the automobile for more than 16 passengers in order to facilitate emergency evacuation of the occupants such as the fire on motor vehicles, and additional installation standard is available to be applied selectively. (UN Regulation No. 107)
• Safety requirements on child transport vehicles: The installation of the maximum speed limit device for 9 passengers vehicles to secure child traffic, adjustment of visible light transmittance by more than 70% for preventing from leaving a child inside the vehicles, and adjustment of siren sound standard for the emergency vehicles.
Thailand
(Source : Embassy of India, Bangkok)
Thai Business Opportunity in India
Krungthep Turakij | July 26, 2017
Meena Konkanwit, a professional diplomat at the Royal Thai Consulate-General in Mumbai presents this article about business opportunities for Thai businesspeople in the Indian states of Maharashtra and Gujarat states now that the new Goods and Services Tax system is in effect. It has been quite difficult for foreign investors to invest in India due to a variety of obstacles including a complicated tax system and corruption. Prime Minister Narendra Modi has not ignored the issues and has been trying to regain confidence from foreign investors and trying to enhance India’s competitiveness in order to become the world’s manufacturing hub. India has issued various policies i.e. Make in India, Buy in India, New India, Skill India, Smart City. The new Goods and Services Tax (GST) has been in effect since 1st July 2017. The GST was implemented under the slogan of ‘One Nation, One Tax’ and many people believe that it will help to push the growth of India by 1%-2% and increase transparency in the tax system. Thai entrepreneurs such as ITD Cementation, Srithai Superware, Vee Rubber, CPF and Dutch Mill, etc. have invested in Maharashtra and Gujarat. The new GST will become the main mechanism to support the business operations of these companies. The opportunities for the Thai private sector are in business sectors such as automobile parts, consumer products, processed food, logistics and warehousing. Prime Minister Narendra Modi is trying to fully facilitate trade and investment in India and Thai entrepreneurs should not overlook these opportunities.
Celebrating 25 years of ASEAN – India Relations
21 July 2017
Mrs. Apiradi Tantraporn, minister of Commerce, chaired the press conference on “Asean India Expo and Forum: Strategic Economic Partnership & Connectivity”. At Grand Hyatt Erawan Hotel Bangkok. Also featured was a “Mini- Talk” jointly participated by Mrs Vannaporn Ketudat, Deputy Director General of MOC’s department of international Trade Promotion, and Mr Sanan Angubolkul, Chairman of Thailand-India Business Council and Vice Chairman of the Board of Trade of Thailand representing the private sector.
LETTING OF THE OFFICE AND OTHER PREMISES
PASSPORT OF ASSET INTERNATIONAL BUSINESS CENTER JSC
General Information
Location
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Republic of Uzbekistan, 100084,Tashkent, Amir Temur av., 107-B
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Date of Establishment
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2000
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Number of Employees
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49 person
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Core Business
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Letting of the office and other premises
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Current Stake Holders and Their Equity Stakes
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Ministry for foreign trade of the Republic of Uzbekistan – 80,87%
“Uzprommashimpeks” JSC– 6,31%
“O’zmarkazimpeks” – 6,27%
“O’zinterimpeks” – 5,56%
“Markazsanoateksport” – 0,12%
SE RHVO “Interservis” – 0,85%
IRH O’rta Osiyo Trans SJSC – 0,02%
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Assets Offered for Privatization
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29,9%
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Estimated Cost of Offered Assets
(1USD=2555,6 sum 30.06.2015)
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32 023 790,9 USD
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Distribution of Shares after Privatization
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Ministry for foreign trade of the Republic of Uzbekistan – 50,97%
Investor (s) – 29,9% “Uzprommashimpeks” JSC– 6,31%
“O’zmarkazimpeks” – 6,27%
“O’zinterimpeks” – 5,56%
“Markazsanoateksport” – 0,12%
SE RHVO “Interservis” – 0,85%
IRH O’rta Osiyo Trans SJSC – 0,02%
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Additional Investment Commitments from an Investor
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tbd
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Valuation Company
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Ernst & Young Valuation LLC
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Date of evaluation report
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20.10.2015
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Cost of Offered Assets after a decrease of 10%(18.03.2016)
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29,18 million USD
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