India-EU business gets a voice
Business Standard|August 05, 2024
Federation of European Business in India expects to become the go-to agency for EU companies in India, writes ADITI PHADNIS
ADITI PHADNIS

Businesses from most member countries of the European Union (EU) have been present in India for many decades but have represented their interests and concerns to the Indian government through bilateral chambers of commerce.

As a departure from this, a business advocacy body called the Federation of European Business in India (Febi) was launched in July with the aim of becoming "a strong unified business-driven voice advocating for EU companies".

This comes amid a 2024 survey of German companies in India, flagging bureaucratic hurdles, high corruption, and the tax system as the three biggest obstacles to doing business in India.

By contrast, a similar survey of Swedish companies shows 88 per cent of those did not see corruption as the primary challenge but red tape, and labour and tax regulations.

After liberalisation started, following tieups with Indian companies, EU concerns have also found a voice through industry bodies like the Confederation of Indian Industry and Federation of Indian Chambers of Commerce and Industry.

But it is now time to scale up, said Hervé Delphin, ambassador of the EU to India and honorary president of Febi: "EUIndia relations have been on an ascending trajectory, with a growing economic footprint.

More than 4,500 European companies are present in India, providing 6.5 million direct and indirect jobs. The EU is India's largest trading partner in goods, with trade amounting to 123 billion euros in 2022-23, and ranks among the top three investors in India. Ongoing negotiations for a free-trade agreement between the EU and India hold promise to enhance trade flows and economic cooperation significantly.

Febi will bring a much-needed business perspective, which will contribute to further expansion and bringing together the EU-India economic and trade eco-system. It will be a true force multiplier."

Diese Geschichte stammt aus der August 05, 2024-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der August 05, 2024-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BUSINESS STANDARDAlle anzeigen
Volumes, margins lead to earnings upgrade for Page Industries
Business Standard

Volumes, margins lead to earnings upgrade for Page Industries

Page Industries reported sales growth of 11 percent in Q2FY25 and volume growth of 7 percent year-on-year (Y-o-Y).

time-read
2 Minuten  |
November 09, 2024
With benchmarks becoming harder to beat, avoid very high-cost funds
Business Standard

With benchmarks becoming harder to beat, avoid very high-cost funds

The Securities and Exchange Board of India (Sebi) has, through a circular dated November 5, mandated that asset management companies must disclose expense ratios for direct and regular plans separately in their half-yearly statements.

time-read
2 Minuten  |
November 09, 2024
Sensex, Nifty fall for 2nd day on FPI selling
Business Standard

Sensex, Nifty fall for 2nd day on FPI selling

Stock markets closed lower for the second straight day on Friday amid relentless foreign fund outflows and losses in blue-chip stocks Reliance Industries, ICICI Bank, and State Bank of India.

time-read
1 min  |
November 09, 2024
Business Standard

NSE mulls launching new products to bolster commodities market

The National Stock Exchange (NSE) is seeking to expand its commodities segment by launching new products after examining the performance of energy, base metals, and bullion, an official of the domestic equity benchmark said on Friday.

time-read
1 min  |
November 09, 2024
Zinka Logistics sets price band for ₹1,115 cr IPO
Business Standard

Zinka Logistics sets price band for ₹1,115 cr IPO

Zinka Logistics Solutions Ltd, a digital platform for truck operators, on Friday said it has fixed a price band of ₹259-273 per share for its ₹1,115 crore initial share sale.

time-read
1 min  |
November 09, 2024
Swiggy IPO: QIBs do final-day heavylifting
Business Standard

Swiggy IPO: QIBs do final-day heavylifting

Issue subscribed 3.6x as institutional investors swoop in on Day 3 to corner 90% bids

time-read
2 Minuten  |
November 09, 2024
Business Standard

Adani Power cuts B'desh supply by more than 60%

Adani Power on Friday further reduced electricity supply to Bangladesh as the company seeks to recover more than $800 million in dues, according to data from Bangladesh's grid operator and two sources.

time-read
1 min  |
November 09, 2024
Beyond the syntax of national culture
Business Standard

Beyond the syntax of national culture

This book is not just a masterly exploration of India's linguistic civilisation. More importantly, it serves as a timely warning against recent attempts at conducting the epistemic study of Indian languages through a narrow prism of singularity.

time-read
4 Minuten  |
November 09, 2024
FORENSIC PROBE ALL SET TO BOOST CONVICTION RATE
Business Standard

FORENSIC PROBE ALL SET TO BOOST CONVICTION RATE

With Bharatiya Nyaya Sanhita making such investigation mandatory in serious crime cases that attract seven years' imprisonment or above, more and more criminals are likely to be brought to justice in the next five years

time-read
4 Minuten  |
November 09, 2024
'Ek hai toh safe hai': Modi in first rally for Maha polls
Business Standard

'Ek hai toh safe hai': Modi in first rally for Maha polls

Prime Minister Narendra Modi on Friday flagged the Congress' \"caste politics\" and cautioned the nation against it, while also accusing the grand old party of \"playing a dangerous game of pitting one caste against another\" for political gains.

time-read
2 Minuten  |
November 09, 2024