Vibrant Gujarat: Marketing gimmick or investment driver? - Livemint
The seventh edition of Vibrant Gujarat Global Investors' Summit that 12, MSMEs had signed MoUs in the edition of the summit. “From the 13th position in in investment, Karnataka was to the tune of Rs. lakh crore, double of what Gujarat attracted in in the quantum of investment intentions secured and saw a huge spike in as shown below. In the state had held its first global investors meet under the. Uttar Pradesh, Maharashtra and Gujarat account for over half of the total real real estate investment projects remained non-starters in India since between and , it recorded a significant spike in (32 per cent), it said. GST Council meet may consider rate rationalisation on housing.
The worst performing stock for the week was Covestro AG. The German producer of polymers and chemicals dropped Major commodity trading houses have signed numerous supply agreements with U.
Investors have pared bets on hikes in amid a debate on whether borrowing costs are now nearing the so-called neutral rate, and following stock market losses and fears of an extended U. Threats The strength of U. The boost to steel prices from U. The yield premium for emerging market bonds has surged well above its historical average, signaling tighter lending conditions and liquidity. Emerging market credit availability is linked to demand for commodities and resources.
Emerging Europe Strengths Russia was the best performing country this week, gaining 1. OPEC and Russia agreed to cut oil output by 1. The Czech koruna was the best performing currency this week, gaining 1. Energy was the best performing sector among eastern European markets this week.
Weaknesses The Czech Republic was the worst performing country this week, losing 2. The Turkish lira was the worst performing currency this week, losing 1. The slump, coupled with weak consumer demand, is liable to hamper growth in the third quarter and produce an economic contraction in the fourth and possibly beyond, according to Inan Demir, an economist at Nomura International Plc in London.
Industrials was the worst performing sector among eastern European markets this week. The KSH raised the figure from 4. The KSH revised the figure upward primarily due to better-than-expected performance of market-based services and strong growth in higher value-added branches of industry. German factory orders climbed 0. Economists had predicted a contraction of 0.
The Czech Statistical Office announced on Thursday that the retail sales in October, excluding car sales, rose by 6. Online sales grew at an even faster pace, climbing more than 24 percent year-on-year. Threats Euro-area manufacturers saw activity slow further as concerns over trade wars and political instability hit demand for machines and other investment goods.
His comments came hours after the U. The impending collapse of a Cold War-era treaty banning U. Opportunities Every single one of the world's top 10 cities for GDP growth through is in India, according to a recent Oxford Economics study reported in Bloomberg News this week. At the top of the list is Surat, in Gujarat, which is expected to grow an average 9. The G20 meeting broadly, and the Trump-Xi sit-down in particular, left investors scratching their worried heads, but at the end of the day U.
Upon returning to China, President Xi said it was a productive meeting as well and that indeed the Chinese will continue to cut the trade deficit down and step up the game on the agricultural and auto fronts in particular.
Bloomberg reports moreover that the Chinese State Council website cited Premier Li Keqiang as saying that China should deepen reform in its scientific and technological system while also putting more efforts into protection of intellectual property rights. In fact, this week China outlined some 38 penalties to be applied to intellectual property violations, starting this month.
These are signs of progress, albeit amid a volatile week of global trading. Philippine inflation has been on a tear; any signs of slowing inflation may well be good.
22,000 MoUs likely to be signed in Vibrant Gujarat Investors’ Summit
The peso has strengthened in recent weeks as well. Threats Risks and concerns surrounding the trade war between the U. In fact, Bloomberg reported on Wednesday that trade tensions are pushing firms across Asia to delay or cancel investment decisions and adjust their supply chains, according to the American Chamber of Commerce in Singapore. Data compiled by AmCham Singapore and Blackbox Research show that half of respondents are considering putting on hold or scrapping investment.
In addition, around 38 percent are looking to source components outside of China, while 30 percent are seeking alternatives to U. Meng Wanzhou, the chief financial officer of Huawei Technologies, was arrested in Vancouver in connection with violating sanctions against Iran, reports Bloomberg. The arrest, which took place on the same day that Trump and Xi Jinping struck a trade war truce in Argentina, could now threaten to make the U.
Last month the U. Blockchain and Digital Currencies Strengths Of the cryptocurrencies tracked by CoinMarketCap, the best performing for the week ended December 7 was Veros, up percent. The hash rate, better known as the mining power on the global bitcoin network, is down 36 percent from its all-time peak in August of this year, reports Bloomberg.Shri Modi inaugurates the Grand Event - Vibrant Gujarat Global Summit 2013
In the document, the participants commit to a number of measures to help grow the global economy. The group of 20 nations also reiterated their pledge to regulate the cryptocurrency industry.
Winds of change | Pragati
Weaknesses Of the cryptocurrencies tracked by CoinMarketCap, the worst performing for the week ended December 7 was RealTract, down With bitcoin recently dropping to month lows, Coindesk reports that this has left the cryptocurrency on track for its biggest ever yearly loss.
This is a percent increase in the number of reports compared to the cases reported from April to December Coindesk writes that the police believe the rise in suspicious transactions is due to the new law mandating that exchanges report such transactions. Opportunities Despite the dramatic fall in digital currency prices, Danny Scott, CEO and cofounder of crypto exchange CoinCorner, remains undeterred by the movements, reports MarketWatch. In an interview with Bloomberg Markets: Asia this week, Mike Kayamori, CEO of Japanese cryptocurrency exchange firm Quoine, said he believes that bitcoin will not only recover but surpass its all-time record high before the end of next year.
UP, Maharashtra, Gujarat account for bulk of real estate investment: study - The Hindu BusinessLine
The event also hosted an exhibition along with seminars on the focus areas for investment in the state. The exhibition was held at the Science City which have more than exhibitors from various sectors. The exhibitions attracted visitors from within the state and outside.
Seminars and meetings were held in three different halls at the Science City. Potential investors and industrialists had one-to-one meetings with senior officials of the state government and ministers of the cabinet. The concluding day maintained the same momentum and enthusiasm as that of the first day with MoUs being signed by Industry.
Besides these, four industrial majors—Torrent, Essar, Welspun and Adani, have Ledged investments of INR Billion in gas-based or lignite-based power projects, assuring self-sufficiency to the state for future in the most important sector - power. Over all, the event evoked an excellent response amongst in industrialists in India and foreign countries in particular in Gujarat in general.
This was the third such Summit organized by the state government with the first Summit held in and the second held in In all the Summits, Gujarat was showcased as an ideal investment destination, both for Indian and Foreign investors. Prospective investors were extended two significant messages: It is where Investors can sow a rupee and reap a dollar as returns. Detailed investment opportunities in different segments of focus sectors were prepared and supplemented by individual project profiles to give comprehensive information about the state.
On 10 Januarya multimedia exhibition-Eternal Gandhi—on life and philosophy of Mahatma Gandhi was inaugurated at Science city, Ahmedabad.
Based on the theme—Gujarat Going Global and aimed at bringing together business leaders, investors, corporations, thought leaders, policy and opinion makers; the summit served as a perfect platform to understand and explore business opportunities with the State of Gujarat. Global Investors' Summit had resounding success this year too as it had been in the past.
The summit witnessed participation of delegates from 45 countries, amounting to over foreign delegates.
This being the first time any country has agreed to partner with a State of another country. The maximum number of delegates was from Japan, totalling to over 70 members. Another major delegation was from USA. The exhibition was organized in a grand way, spread over an area of 19, sq. There were stalls, quite impressive and informative, having participation of eminent companies of India.