Airbus

The carrier, which has already placed orders for 20 A-320 family planes from Airbus, also has plans of launching a cargo carrier soon. Jeh Wadia, Managing Director, GoAir said, “We are extremely delighted to announce the commencement of our new sectors and are proud to announce that we have taken delivery of our 4th aircraft.” On the other hand, reiterating its commitment to the Indian skies after the failed Jet-Sahara deal, Air Sahara has confirmed the orders of ten Boeing 737-800 jets, worth $700 million, for its growth and is optimistic at capturing a 20% market share of the domestic market in the long run.

For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link

Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

FDI Inflow From Sweden

Imports mainly comprise of electrical machineries, nuclear reactors & boilers and optical & surgical items. Aggregate FDI inflow from Sweden to India during the period 1991 to May 2006 stands at a lowly $472.24 million. No doubts, the growth potential in areas like e-commerce, IT enabled services, Biotics, telecommunications, wireless & cellular telephony and infotainment et al needs to be exploited. Sighting a reason for the same, Leif Pagrotsky, Minister of Trade and Industry, Sweden explains, “Swedish companies are still hesitant in investing because of bureaucratic bottlenecks and relatively poor infrastructure support in India.” Many Swedish MNCs like Ericsson, Telia, Volvo, Skandia, Electrolux, Microsoft Mobile, Vattenfall, ABB et al are flourishing in India.

For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link

Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

Italian Banks Consolidations

Without any doubt, domestic consolidations will make Italian banks bigger, but the question is, can these newly formed bigger entities match dynamism and competitiveness of the foreign banks? The answer can be read in the words of the Italian Prime Minister Romano Prodi (left top), who comments, “Instead of always being the ‘prey,’ I’d like, once in a while, to also be the predator.” That signifies what Italian banking system is up to – creation of giants that can not only defy foreign banks from invading Italy, but also acquire non-Italian banks. The proposed merger will not only create the largest bank of Italy, but also the ninth largest in Europe (in terms of Tier I capital), with a stock market value of around $83 billion!

For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link

Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

JAPAN ROPES IN SUPER SIXTEEN

Officials hailing from the land of the rising sun have come up with a proposal to configure a 16-nation free-trade bloc comprising of China, South Korea, Australia, India, New Zealand and the 10-nation Southeast Asian bloc. Last year, the same 16 had created the East Asia Summit, which was perceived as a forerunner to the formation of a giant free-trade alliance, engulfing almost half of the world’s populace. Japan entered its first ever FTA with Singapore in 2002 and also coordinated well worked deals with Mexico, Malaysia, Thailand and Philippines. Meanwhile, Australia and New Zealand have also expressed their willingness to be a part of such a bloc. The advocates of the plan, however, admit that turning it into reality will take a long time.


For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006