'Enough space for India, China to grow together'
'Connecting India' Summit in Singapore
China , India Lead in Tech Manufacturing
Rise of India, China will Benefit West'
India can grow faster: ADB
Asian bond market tops agenda at ACD forum
Growth in Emerging East Asian Local Currency Bond Markets Up 14% in 2005
Pacific Leaders Invited To Attend First-Ever UNESCAP Meeting
Together on the bridge to ‘arc of prosperity’
Govt Eyes FTAs in Asia
China for Closer Trade Ties in Asia
PM subscribes to Tata panel's views on attracting investments
India plans to remove controls on the rupee
ADB to launch energy efficiency initiative
'China, India can usher in a true Asian Century'
PM to inuagurate Asia Corporate Conference

 

 

 

 

 

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'Enough space for India, china to grow together'

“The India-China partnership is an important determinant for regional and global peace and development, and crucial for Asia’s emergence as a pole of growth and influence in the 21st century,” Rajiv Sikri, secretary (East) in the external affairs ministry said at the 6th Bangladesh-China-India-Myanmar (BCIM) Forum here.

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http://www.newkerala.com/news2.php?action=fullnews&id=34267

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'Connecting India' Summit in Singapore
The Hindu, March 30, 2006

P. S. Suryanarayana

SINGAPORE: An ambitious `Asia Pacific Business Summit,' in the trendy name and style of `Connecting India,' will be held in Singapore on April 12 and 13. Although an exclusive event of the Singapore Indian Chamber of Commerce & Industry (SICCI), the summit has been programmed as part of a panoramic project of `Celebrating India' under the auspices of its diplomatic mission here.

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http://www.hindu.com/2006/03/30/stories/2006033010111400.htm

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China, India Lead in Tech Manufacturing
Economic Times, March 29, 2006


Even as the outlook for the technology sector jobs in the West is very positive, low cost locations such as China and India are edging past Europe and the US to lead as technology manufacturing centres, says the Eurocom Worldwide Fifth Annual IT Confidence Survey.

According to the survey, while China is expected to record the highest growth in IT manufacturing jobs over the next three years, India will be a close second. ,The annual IT confidence survey is by Eurocom Worldwide, a collaboration between independent, privately owned communications agencies across the world, in association with its Indian partner, IPAN.

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http://economictimes.indiatimes.com/articleshow/msid-1469490,curpg-2.cms

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Rise of India, China will Benefit west'
Financial Express, March 28, 2006

The economic rise of China and India should not be seen as a threat by the US and other rich nations but instead be welcomed, former US trade negotiator Clyde Prestowitz said Tuesday.

Prestowitz, founder of the Economic Strategy Institute, a Washington D.C.-based think tank, said the integration of China and India into the global economy could benefit developed countries by providing cheap services and manufacturing and creating markets.

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http://www.financialexpress.com/latest_full_story.php?content_id=121903

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India can grow faster: ADB
March 26, 2006 (Manila):

Asian Development Bank (ADB) wants India's economic infrastructure to be upgraded and the economic reforms accelerated to achieve higher economic growth. ADB feels India can benefit from a common Asian market as economic integration is going to accelerate growth and reduce income disparity within country. As Indian economy has been growing fast, infrastructure like roads, seaports, airports, power, communication network has to be really sufficient.

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http://www.ndtvprofit.com/homepage/storybusinessnew.asp?id=30437
&template=&cache=3/26/2006%2011:48:05%20AM

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Asian bond market tops agenda at ACD forum
TNA, March 26, 2006

Asian countries should be cooperating to encourage the potential for strong growth in the regional bond market, the Asian Cooperation Dialogue forum agreed.

ACD seminar in Bangkok drew high-level representatives of the public and private sectors from 28 countries and territories, including the 10-member Association of South East Asian Nations, China, Japan, South Korea, India, Hong Kong and Qatar.

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http://etna.mcot.net/query.php?nid=7681

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Growth in Emerging East Asian Local Currency Bond Markets Up 14% in 2005
ACN Newswire, March 24, 2006

Growth in emerging East Asian local currency bond markets slowed in 2005, with fiscal consolidation and higher revenues reducing the need for new government issuance, according to a report issued today by Asian Development Bank (ASX: ATB). Higher interest rates and volatile trading conditions also contributed to the growth moderation.

Emerging East Asian local currency bond markets expanded in absolute size and, importantly, as a percentage of GDP in 2005, with the volume of outstanding local currency bonds reaching $1.7 trillion, up 14% from 2004, according to the March edition of Asia Bond Monitor. The rate of growth was down from 20% in 2004 and 22% in 1997-2003.

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http://www.acnnewswire.net/article.asp?Art_ID=31404&lang=

 

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Pacific Leaders Invited To Attend First-Ever UNESCAP Meeting
Pacific Magazine, March 23, 2006

For the first time in the history of the United Nation’s Economic and Social Commission for Asia and the Pacific (ESCAP), Pacific Leaders and senior ministers will meet with their Asian counterparts in a special session to promote interactive dialogue between the two regions. The special session will be held in Jakarta on 10 April in conjunction with the ministerial session of ESCAP’s 62nd Commission meeting.

“Its the first time that we have organised a joint meeting to bring together the two regions. Its really to discuss how the economic dynamism of Asia can be exploited by the Pacific,” said Raj Kumar, the acting head of ESCAP’s Pacific Operations Centre. “We feel that the Pacific has not fully exploited Asia’s dynamism sufficiently."

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http://www.pacificislands.cc/pina/pinadefault2.php?urlpinaid=20995

 

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Together on the bridge to ‘arc of prosperity’
Economic Times, March 20, 2006

It’s Singapore’s mission to bring India closer to China and South-East Asia, said Singapore’s education minister Tharman Shanmugaratnam, speaking at the 16th Asian Corporate Conference, hosted by Confederation of Indian Industry (CII).

Mr Shanmugaratnam said that an ‘arc of prosperity’ unites countries in a new Asian bloc, from India to South-East Asia and China. “The region is both the biggest beneficiary and contributor to globalisation... this is intrinsic to the Asian integration story,” said Mr Shanmugaratnam, who was earlier the managing director of Monetary Authority of Singapore.

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http://economictimes.indiatimes.com/articleshow/1456005.cms

 

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Govt Eyes FTAs in Asia
Economic Times, March 20, 2006

The government today said it is looking at the possibility of Free Trade Agreements with a host of nations including Japan, China and Korea with a view to increase India's trade with Asian countries.

Speaking at the Asia Corporate Conference in Mumbai, Ashwani Kumar, minister of state for industry highlighted, "The government is in the process of setting up a Joint Study Group for conclusion of FTAs with Malaysia, Indonesia, Japan and Korea apart from examining ways to develop regional trade arrangements with China," An FTA was also being explored with the Gulf Cooperation Council, he added, All these measures were in line line with Prime Minister Manmohan Singh's vision of creating an Asian Economic Community.


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http://economictimes.indiatimes.com/articleshowbnews/msid-1456316,curpg-2.cms

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China for Closer Trade Ties in Asia
The Hindu, March 20, 2006

Chinese Commerce Minister Bo Xilai on Sunday called for closer integration of Asian nations in bilateral trade and economic cooperation.

He was speaking at the Asia Society's 16th Asian corporate conference session on `China-India Bilateral Economic Cooperation', inaugurated by Prime Minister Manmohan Singh on Saturday.

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http://www.hindu.com/2006/03/20/stories/2006032000881300.htm

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PM subscribes to Tata panel's views on attracting investments
March 18, 2006

Endorsing the recommendations of Ratan Tata-headed investment commission, Prime Minister Manmohan Singh today said there was a need to ensure global best practices in regulatory institutions and pledged to simplify regulatory and approval procedures for new ventures.

"I fully agree with the overall thrust of the investment commission's recommendations. We have to reduce the transaction cost of doing business in India... Bring our infrastructure in line with global standards... Ensure global best practices in our regulatory institutions," he said at the 16th Asia corporate conference here.

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http://www.zeenews.com/znnew/articles.asp?aid=282528&ssid=50&sid=BUS

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India Plans to remove controls on the rupee
Financial Times, March 19 2006

India is drawing up its most ambitious plan to date to remove all remaining capital controls on the partially convertible rupee in the latest signal of burgeoning confidence in the country’s economy.

Speaking in Mumbai at the weekend, Manmohan Singh, prime minister, said India’s economic position internally and externally had become “far more comfortable” and that he had asked the finance ministry and central bank to draw up a plan for reform.

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http://news.ft.com/cms/s/6ca3f4c0-b77e-11da-b4c2-0000779e2340.html

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ADB to launch energy efficiency initiative
March 9, 2006

Asian Development Bank will launch an energy efficiency initiative this year to help growing economies of Asia meet their energy demands efficiently and minimise impact on environment.

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http://www.newkerala.com/news2.php?action=fullnews&id=23143

 

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'China, India can usher in a true Asian century'
Indian Express
March 14, 2006

Stating that Sino-Indian strategic relations have reached a ‘historical stage’, Chinese Premier Wen Jiabao today predicted their ‘fraternal friendship’ could usher-in a ‘true Asian century.’

"It is when China and India are really strong enough and fully bring out their vitality that it will usher in a new true Asian century," Wen said at his yearly press conference in the Great Hall of the People at the end of the National People's Congress (NPC), China's Parliament.

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http://www.expressindia.com/fullstory.php?newsid=64360

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PM to inuagurate Asia Corporate Conference
The Hindu, March 14, 2006

New Delhi, March 14 (PTI): Business leaders from across the world will assemble at Mumbai this weekend at the Asian Corporate Conference to tap investment opportunities in India following the promise it showed as an emerging economic power.

The conference was aimed at discussing some of the key issues like reforms, social change and innovation driving economic growth, new investment opportunities in India and China, intra-regional trade and India's global vision, the release added.

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http://www.hindu.com/thehindu/holnus/001200603140321.htm


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