London Stock Exchange has proved a popular choice for investors keen to participate in the India growth story, writes a keen observer of the trend.

Despite macro economic uncertainty, London Stock Exchange Group is showing itself to be the ideal partner to India, as Prime Minister Modi embarks on his ambitious plans to revolutionise the country’s economy and infrastructure.

India Inc. hosted the inaugural UK-India Awards in London, where senior British and Indian ministers called for closer ties in a post-Brexit scenario.

London: UK Foreign Secretary Boris Johnson pushed for a speedy conclusion of a free trade agreement (FTA) between India and the UK at the inaugural UK-India Awards in London on May 12.

“Whenever we go to India, we have to pack bottles of whisky because as you know there is a duty of 150 per cent in India on Scotch whisky. But imagine what we could do if there was a free trade deal with India,” Johnson told a packed audience of high-profile parliamentarians, entrepreneurs and senior executives.

India’s Minister for Road Transport, Highways and Shipping, Nitin Gadkari, has described the National Highways Authority of India’s (NHAI) Masala Bond debut on the London Stock Exchange (LSE) as a sign of India’s growing attraction among global investors.

The rupee-denominated National Highways Authority of India (NHAI) Masala Bond issued with much fanfare by the Minister for Road Transport, Highways and Shipping, Nitin Gadkari, in London recently marks the largest ever five-year issuance and has been described as the “largest inaugural transaction in the Masala Bond market”.

The Government of India recently unveiled its vision for India’s steel manufacturing capabilities by circulating a new draft steel policy for 2017 for public discussion and approval by the Cabinet, writes India Inc. policy expert.

India’s new draft ‘National Steel Policy of 2017’ is an outline for attaining a most ambitious target capacity of 300 million tonnes of crude steel capacity by 2030, which is anticipated as the demand for steel by then. India is producing only around a 100 million tonnes today while China, if we must compare, produces around 750/800 million tonnes a year – about 50 per cent of global capacity.

India Inc. property expert unravels the Indian government’s recent Budget for 2017-18 and its impact on the country’s real estate market.

The central theme of the 2017 Budget in early February seems to be towards creating cash flow and consumption from the bottom of the pyramid. This would then flow upwards to more robust and long-term capital formation at the hands of the development companies. The same trend is observed in the changes to the real estate rules in the current Budget.

India’s largest state has caught the attention of investors of late but has a long way to go.

In one of his earliest interactions with the press after the formation of Niti Aayog, India’s premier think tank, two years ago, Vice-Chairman Arvind Panagariya took exception to Rajasthan being referred to as a “BIMAROU” state. The oft-used acronym means diseased or sick in Hindi and is made up of the Indian states of Bihar, Madhya Pradesh, Rajasthan, Odisha and Uttar Pradesh. It was coined in the 1980’s by prominent demographer and economic analyst Ashish Bose to refer to the poor economic conditions in these states.

India’s Minister for Finance and Corporate Affairs, Arun Jaitley, just completed a packed tour of the UK during which Prime Minister Theresa May dropped in to a Downing Street meeting with his British counterpart, Chancellor Philip Hammond. ‘India Investment Journal’ caught up with the senior Indian Cabinet minister in London to explore his message for foreign investors, a possible free trade agreement (FTA) with post-Brexit Britain and the next phase of his dramatic reform agenda for the Indian economy.

Is post-Brexit UK a more, or less, attractive trading partner?

There is a considerable amount of interest in India, particularly after Brexit. Correspondingly my discussions in the past have also indicated that both investors and the government here [Britain] are looking for expanding opportunities of trade with India.

The Budget has allocated almost $90 billion for building new infrastructure. This will help restart the stalled private investment cycle and spur demand but the absence of serious efforts to resolve the non-performing assets (NPA) problem in the banking sector will hurt.

Indian finance minister Arun Jaitley, who reiterated his earlier statement that private investment remains sluggish despite incentives, has done his bit to revive the entrepreneurial instincts of private entrepreneurs, both domestic and foreign, by announcing a massive $90-billion infrastructure building programme – covering roads, highways, railways, inland waterways, ports, rural infrastructure, broadband, toilets and more – that promises to boost corporate top and bottom lines, create jobs and fuel a consumption and demand revival.



He has also addressed the demand side by lowering income tax rates in the lowest slab from 10 per cent to 5 per cent.

Foreign investors often complain about India’s byzantine bureaucracy and demands for unaccounted cash to grease the system and speed up decision making.

Though ministers and senior bureaucrats in New Delhi no longer make such demands, there are reports that there has been little improvement in the lower bureaucracy and in some states.

Gujarat has forever been the land of brave entrepreneurs and industry friendly policies have led to the proliferation of many successful micro, small and medium enterprises (MSMEs).

Fifty-two-year-old Kishore Patel of Ankleshwar based printing and packaging firm Techno Packaging credits his success to the business friendly and technology savvy nature of his state Gujarat. Patel started out from a small godown (warehouse) in 1998 supplying cartons and labeling equipment to local industries in the vicinity. His familiarity with computers and an inherent urge to expand the business matched other similar entrepreneurs around and he quickly graduated to more sophisticated offset colour printing, scanning and visualisers. As businesses grew big feeding on the state’s industry friendly policies, so did Patel.