With Apple’s recent decision to produce iPhones in India, and with its rumoured plans in Vietnam seeing no news/mention at all, Vietnam may have to reconsider its business environment and incentives for investors in electronics manufacturing if it wants to compete with India. Apple’s strategic move is considered a big success of the government’s “Make in India” policy. Specifically, Apple is going to start assembling iPhones in India by the end of April. The company is going to cooperate with Wistron from Taiwan, instead of Foxconn. At the moment, Wistron already has a plant in Bangalore, the “capitol” of technology in the Karnataka state of India. Apple chose India in spite of new president Donald Trump’s threat against companies that bring jobs outside of the US. Last year, 2.5 million iPhones were sold in India, the highest ever in this country. The Indian market is expected to buy 750 million smartphones in 2020, and is one of the … [Read more...] about Vietnam should reconsider FDI attraction policy after ‘Made in India’ success?
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A woman opens a parcel in her office after ordering it from an online shopping website in Mumbai, India. Laxminarayan Krishnamurthy figured a Samsung Galaxy Core 2 smartphone would make a perfect gift for his wife. When the package arrived from e-tailer Snapdeal.com, it contained a brick and soap. No phone. The Mumbai retiree was told the phone was stolen by unscrupulous middlemen transporting the package. So Krishnamurthy did what a lot of annoyed consumers do these days: he went on Facebook and vented. Online sales in India are exploding, but there are a lot of unhappy customers these days like Krishnamurthy. The logistics infrastructure -- warehouses, skilled workers, planes -- isn’t fully in place to make online shopping the mostly seamless experience Americans and Chinese take for granted. "Had ordered a samsung mobile through snapdeal and we got a soap bar!!!" he wrote on his page. "The worst customer service ever received!!!" His rant was shared more than 21,000 times … [Read more...] about Buy a Samsung phone online in India and you get a brick
(CPV) - ADB has approved a USD350 million loan to upgrade district roads in India's Madhya Pradesh state in a project which will tackle an important link in road improvements. "Madhya Pradesh, India's second largest state, has widely scattered industrial and growth centers and agricultural production areas, so an efficient and safe road network is essential for the economy and well-being of citizens," said Ravi Peri, Principal Transport Specialist, Transport and Communications Division, South Asia Department. "The loan, which is ADB's first in the district roads sector in India, will address a neglected part of ongoing road network upgrades, with these secondary roads providing a key link between rural roads and state highways." The project will upgrade about 1,600 kilometers of major district roads in the state through lane widening, surface improvements, and strengthening of culverts and bridges. This will help to cut travel times, improve traffic flow and road safety, and provide … [Read more...] about ADB USD350 million loan 1st to upgrade district roads in India
At the invitation of Vietnamese State President Nguyen Minh Triet, Indian President Pratibha Devisingh Patil on November 24 arrived in Ho Chi Minh City, starting an official visit to Vietnam till November 28. She is expected to be received and hold talks with President Nguyen Minh Triet. This is the first visit of President Pratibha Devisingh Patil and second visit of an Indian President to Vietnam since the establishment of the two countries' diplomatic relationship in 1972. President Ho Chi Minh and President Jawaharlal Neru laid a foundation for the deep and steadfast traditional cooperation between Vietnam and India. The two countries share some similarities in national development. The Vietnam - India relationship has seen important development, especially since the two countries set up their strategic partnership. The political cooperation has also seen positive development. Prime Minister Nguyen Tan Dung and his Indian counterpart Manmohan Singh met with each other on the … [Read more...] about Making Vietnam-India strategic partnership more profound
India's ruling Congress-led alliance was set to return to power after taking a commanding lead on Saturday in vote counting from the country's marathon general elections. The Election Commission website showed the Congress UPA alliance with a lead of around 80 seats over the main opposition bloc headed by the Hindu nationalist Bharatiya Janata Party (BJP). With counting under way in 502 of the parliament's 543 directly elected seats, the UPA was leading in 229, while the BJP alliance had the edge in just 155. The other seats looked set to go India's myriad regional parties. While projections showed the Congress grouping still falling short of the 272 seats required for an absolute majority, the margin of its lead gave it an insurmountable claim to form the next government. "It is a decisive vote for the Congress," said party spokesman Abhishek Manu Singhvi, as wild celebrations broke out at the Congress Party headquarters in New Delhi. Party supporters banged drums and danced in the … [Read more...] about Congress set to return to power in India