Ewan

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Oriental News

(2024-07-30)

India updates trade advisory for its SMEs doing business with Chinese firms, says adopt adequate precaution

The Indian Embassy in China has updated its trade advisory for Indian SMEs doing business with Chinese companies, urging them to exercise caution. The advisory lists typical problems faced by Indian firms and the modus operandi adopted by some Chinese companies to defraud them. It recommends verifying the credentials of Chinese entities with the Indian Embassy before engaging in transactions, especially large ones. Indian firms are advised to collect and retain copies of the Chinese company representatives' identity documents. Additional precautions are advised when dealing with companies from Shandong, Hebei, Guangdong, Jiangsu and Zhejiang provinces, where most trade disputes originate.

No rethinking on support for Chinese for investments in India: Piyush Goyal

Commerce and Industry Minister Piyush Goyal clarified that India is not reconsidering its stance on Chinese investments, despite a proposal in the Economic Survey 2024 suggesting two strategies for benefiting from the "China plus one" approach: integrating into China's supply chain or promoting foreign direct investment (FDI) from China. Goyal emphasized that the government's support for Chinese investments remains unchanged, and he highlighted that focusing on FDI could enhance India's exports to the US, drawing parallels with successful East Asian economies. Despite a significant trade deficit with China, FDI inflows from China have been minimal, reflecting India's cautious approach to Chinese investments since implementing stricter regulations following the Galwan clash in 2020.

India-Japan Economic Partnership: Bilateral Trade, Infrastructure Projects, and Semiconductor Collaboration

India and Japan have established a strong economic partnership, primarily through the Comprehensive Economic Partnership Agreement (CEPA) implemented on August 1, 2011. This agreement covers various aspects of trade, investment, and industrial cooperation, significantly boosting bilateral trade, which reached approximately US$21.95 billion in FY 2022-23. Japan is now India's fifth largest foreign investor, with
substantial investments in sectors like automobiles and infrastructure. Recent developments include a memorandum of cooperation signed in July 2023 to enhance
collaboration in the semiconductor industry, alongside efforts to address
decarbonization in the steel sector, reflecting the evolving nature of their economic ties
and shared strategic interests in the Indo-Pacific region.

New South Korea-India Partnership in Action

The intensifying great-power rivalry in the Indo-Pacific has prompted regional actors, particularly South Korea and India, to recognize their shared values, such as freedom of navigation and ASEAN centrality. Both countries, as middle powers, are encouraged to forge partnerships that promote these principles and enhance regional stability. Cooperation in maritime security is highlighted as a priority, leveraging South Korea's military capabilities and India's strategic position. Additionally, both nations can collaborate in high-tech manufacturing and development initiatives, addressing common challenges like climate change and health crises, thereby contributing to a positive regional order.

India-Philippines relations: Robust ties for a secure and rules-based Indo-Pacific

The Philippines is actively seeking to strengthen its trade relations with India, particularly in the areas of agricultural products and information technology services. Both countries are working towards enhancing their economic partnership to boost trade volumes between them. The Philippines sees significant potential in expanding its exports of agricultural commodities to India, while also exploring opportunities in the IT
and IT-enabled services sectors. This renewed focus on trade ties reflects the desire of both nations to diversify their economic engagements and tap into each other's
strengths.

India aims to trade electricity with Southeast Asia

India is pursuing plans to trade electricity with Southeast Asian countries, particularly through Myanmar and Thailand, as part of its strategy to enhance regional diplomatic ties and utilize its growing renewable energy capacity. Discussions are ongoing about establishing both underwater and land-based grid interconnections, which could take at least four years to complete. This initiative aims to significantly increase India's cross-
border electricity sales, currently limited to neighboring countries like Nepal and Bhutan, and reflects India's ambition to become a major renewable energy producer in the region.

Leverage from Chinese Investments: Insights from Finance Commission Chairman

Arvind Panagariya, the Chairman of India's Finance Commission, stated that India gains significant leverage when China invests in the country. He emphasized that such investments not only enhance economic ties but also create opportunities for collaboration in various sectors. Panagariya noted that attracting Chinese capital can help India bolster its infrastructure and technological capabilities. He urged policymakers to view these investments as a strategic advantage that can foster economic growth and development. The remarks come amid ongoing discussions about the role of foreign investments in India's economic landscape.

India-Philippines Trade Ties Strengthen with $2.23 Billion in Exports

India's exports to the Philippines reached approximately $2.23 billion in 2022, reflecting positive growth in bilateral trade relations between the two countries. Major Indian exports include pharmaceuticals and machinery, while the Philippines primarily exports gold and electronic components to India. Both nations are committed to further enhancing their economic partnership through joint working groups and trade agreements. The growing trade ties underscore the mutual desire to expand economic cooperation and leverage each other's strengths in key sectors.

India-Myanmar Trade and Investment Discussions

At the Uttar Pradesh-Uttarakhand International Business Conclave 2024 held in Lucknow, discussions were held to enhance trade and investment between India and Myanmar. The event highlighted various collaboration opportunities across sectors, aiming to strengthen economic ties between the two nations. Both countries are looking to leverage their geographical proximity and historical connections to boost bilateral trade, which currently stands at approximately $1.03 billion. The conclave serves as a platform to foster partnerships and explore new avenues for economic cooperation.

Expanding Trade Horizons: India and Cambodia Explore New Collaborations

India and Cambodia are actively working to expand their trade and investment horizons, focusing on potential collaborations in key sectors such as infrastructure, healthcare, and tourism. During the recent meeting of the India-Cambodia Joint Working Group on Trade & Investment, officials discussed enhancing bilateral ties and the importance of early collaboration on digital payment systems, particularly the Unified Payment Interface (UPI). The meeting highlighted various investment opportunities in Cambodia, aiming to diversify the trade basket and strengthen economic relations. Both nations are optimistic that these initiatives will lead to increased trade and mutual benefits.

India and Malaysia Elevate Ties to Comprehensive Strategic Partnership

Indian Prime Minister Narendra Modi and Malaysian Prime Minister Anwar Ibrahim met on August 20, 2024, to discuss enhancing cooperation across various sectors, including digitalization, defense manufacturing, and semiconductors. The leaders agreed to elevate their partnership to a Comprehensive Strategic Partnership, aiming to increase bilateral trade from $20 billion to $25 billion by 2025. Key agreements were signed in areas such as employment, digital technology, and cultural exchange. The two sides also deliberated upon new possibilities of cooperation in the defense sector and combating terrorism. Both leaders emphasized their commitment to freedom of navigation and the peaceful resolution of disputes in accordance with international law.

Vision

Ewan Business Solutions strives to bridge the language barrier across the globe. We aspire to become a leading language service company offering unmatched quality, service, support and provide you a leading edge over your business peers. We incorporate advanced technologies to translate your documents in an accurate target language. Our team is driven by a passion for languages and cultural diversity that transcends every word we translate, interpret, or localize and nurtures every single customer experience we have built. We help our clients to expand their horizons, we do this by sharing our knowledge and expertise. Our vision is to help Indian businesses grow in the orient with the help of the export of goods and services.

MISSION

At Ewan Business Solution, our mission is to help our customers grow their business by enabling them to communicate with their global markets. We offer our clients a full range of language services of the highest quality. We strive to preserve languages and heritage around the globe, improving worldwide communication through accurate, localized translation and interpretation services. The satisfaction and success of our clients is at the heart of our philosophy and we are committed to be there for them wherever they need us be it for translation, transcription, interpretation, market research, or localization.

IF YOU TALK TO A MAN IN A LANGUAGE HE UNDERSTANDS, THAT GOES TO HIS HEAD.

IF YOU TALK TO HIM IN HIS LANGUAGE, THAT GOES TO HIS HEART.
– NELSON MANDELA

Effective Business Solutions with the Oriental Market

More and more business organizations are investing in South Asian markets. The business outcomes from South Asian marketplace guarantees more returns as compared to the other ones in the globe. The only thing that stops the everlasting combination of intelligence & skills of successful business relations of India and other South Asian countries from blooming globally is the communication and cultural gap, which we are here to erase and construct a road to success heading towards South Asian Markets.