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Industry in Southern Asia

  • Make in India Success lies in implementation

    INDIA, 2016/04/07 The government’s flagship ‘Make in India’ initiative encourages foreign companies to manufacture their products in India. If the Make in India Week, which took place in February 2016 in Mumbai, is an indication to go by, launched on September 25, 2014, again the initiative is slowly but surely moving in the right direction. Mumbai was in a frenzy during the Make in India week. The colorful and ubiquitous Make in India logo greeted people everywhere they went. Clearly, the marketing push was bang on the buck – hoardings, advertisements, radio talks, boardroom-to-hotel-lobby conversations, it was all there.

  • Sri Lanka’s gem industry eyes recovery

    SRI LANKA, 2015/12/28 A $1bn revenue target is spearheading Sri Lanka’s efforts to solidify its place as a key source market for gemstones and jewellery, although flat world sales of luxury goods, coupled with labour shortages, risk hindering the country’s efforts. Sri Lanka is home to 70 of the world’s 200 varieties of coloured stones, inclunding its best-known export, the Ceylon sapphire. Estimates suggest that 80-90% of the country’s rock formations could hold gem deposits. However, with growing regional competition in gem and jewellery trading, Sri Lanka will have to dig deep to win back its status as an industry hub.

  • India, Kazakhstan negotiating to invest in Iran’s steel sector

    INDIA, 2015/03/30 India and Kazakhstan are negotiating with Iran to invest in the country’s steel sector. “We have announced readiness to accept Indian investment in the steel sector and they are planned to start activity in the country,” Iran’s ISNA news agency quoted Iran’s deputy industry minister Mehdi Karbasian as saying on March 24. “We are as well negotiating with Kazakh companies to invest in our steel, zinc, and aluminum projects,” he added. A large number of representatives of foreign mining companies have visited Iran over the completed year and have announced readiness to invest in Iran, he said.

  • India Aug Industrial Production Growth Below Forecast

    INDIA, 2014/10/12 India's industrial production increase in August came in well below economists' expectations, figures from the Central Statistics Office showed Friday. Industrial production increased just 0.40 % from a year ago, which was much less than the 2.6 % increase expected by economists. July's production increase was revised down to 0.41 % from 0.50 %.

  • Slovakia to supply mostly foreign car manufacturers in the region.

    INDIA, 2013/10/12 The world's major steel maker ArcelorMittal said on Friday it had expanded its welding plant in Slovakia to supply mostly foreign car manufacturers in the region. The announcement highlights the importance of the auto sector to several economies in the region, inclunding to several leading auto groups in Europe and Asia. "Eastern Europe is still a increase area for us," Robrecht Himpe, CEO of ArcelorMittal's Flat Carbon Europe unit told AFP. "ArcelorMittal has invested 10 million euros ($13.6 million) in a third production facility at our site in Senica, western Slovakia, to better serve our automotive clients who have moved production to eastern Europe," the company said in a press release.

  • India's Industrial Output Growth Slows More Than Forecast

    INDIA, 2013/10/12 India's industrial production increase slowed additional than expected in August due to the weakness in manufacturing and mining sectors, a statement published by the Central Statistics Office revealed Friday. Industrial output rose only 0.6 % in August from a year ago, next expanding by a revised 2.8 % in the prior month. Output increase was estimate to slow to 2.1 % from July's originally estimated increase of 2.6 %. Manufacturing and mining production declined 0.1 % and 0.2 %, respectively. Meanwhile, electricity output surged 7.2 % from last year.

  • India and China re-launches Angola’s diamond industry

    CHINA, 2013/08/15 Angola’s diamond industry is recovery from a long recession due to “strong request” from China and India, according to the Economist Intelligence Unit. “Diamonds will continue to be the second major source of exports, although on a small scale compared with oil exports,” said the EIU in its July statement in Angola. Diamond exports of around 8 million carats per year are expected to increase in the next two years, “as new mines explored by South Africa’s De Beers and Russia’s Alrosa start production,” it said.

  • The Bangladesh Garment Manufacturers and Exporters Association (BGMEA)

    BANGLADESH, 2013/06/24  The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has shut production at 12 risky buildings in and around Dhaka, in its initial move to tighten compliance in the apparel sector next the fatal Rana Plaza collapse on April 24. Owners of the garment factories in those buildings have been forced to shift their production units from there, said Shahidullah Azim, vice president of BGMEA. The trade body formed two panels on May 2 to check safety standards at the factories of its members. Supervised by these committees, four inspection teams have visited 110 factories.

  • The diamond market in Surat, Indian market became the hub of the global diamond trade

    INDIA, 2013/05/01  At 6 p.m. in Madharpura, one of the diamond bazaars in this thriving city in southwestern India, it’s so jam-packed that it’s hard to walk between the parked motorbikes, vendors selling nuts and small temples from which incense emerges. Step inside the diamond market in Surat, where billions worth of the precious stone circulate every month. There are serious concerns about both security and origins.

  • Angola asks India to help develop the jewellery industry

    INDIA, 2013/04/22 Angola’s ambassador in India, Manuel Eduardo Bravo, has asked India to help develop the Angolan jewellery industry and train human resources involved in that activity. The request was presented during a Wednesday conference with India’s Minister of Mines, Dinsha Patel, with whom the ambassador examined the national of cooperation between the two nations in the area of geology and mines.
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