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สำนักงานส่งเสริมการค้าระหว่างประเทศ ณ กรุงนิวเดลีสรุปข่าวเด่นรายสัปดาห์8 – 14 พฤศจิกายน 2557

Govt. to Simplify Export Procedure: Ajit Seth

Soon after India and US struck a deal to revive the WTO tradefacilitation pact, cabinet secretary Ajit Seth said the governmentwill expedite work on improving the ease of doing business andsimplify export procedures.The cabinet secretary would shortly meet industry representativesand top government officials including Commerce Secretary Rajeev Kher and Amitabh Kant, secretary to the department of industrial policy and promotion, to discuss steps that can be taken

to streamline archaic and arduous official procedures that hamper economic activity.While the Prime Minister’s Office and the cabinet secretariat have held a few meeting in recent months on improving the ease of doing business – according to the World Bank’s parameters, India ranks a lowly 142 onthat front – Seth said that it is now time to accelerate the process.“I propose to convene a meeting very shortly, maybe in the next 10-12 days on the ease of doing business and how to make trade simpler. We have had a couple of meetings on the issue in the past, but we need to lend a greater momentum to the process and we will try to accelerate it”, Seth said, while addressing the valedictory session of the Services Conclave in the capital.Seth said that it is a matter of concern that though the services sector accounts for over 60% of India’s GDP,the country only accounts for 3.5% of the global services trade. “This situation has to be remedies quickly”, he said, stressing the need to improve standards and skills across the services sector with an eye on the growing global market as well as domestic opportunities.“We need a culture of standards, whether it is for skills or quality. Why, for instance, should the BIS (Bureauof Indian Standards) be the only institution eligible to de testing and certification?” said the cabinet secretary.Stressing that the government would co-ordinate more effectively to promote the services sector, Seth said that the sector suffers from lack of ownership among ministries.“Who owns Services (in the government) is like asking who owns the Internet… When there isn’t a specific answer, someone has to step in to co-ordinate so I am talking to the different departments engaged in

Disclaimer: การเผยแพร่ข้อมูลใน “สรุปข่าวเด่นรายสัปดาห์” มีวัตถุประสงค์เพื่อเป็นการให้ข้อมูลแก่ผู้สนใจเท่านั้น สานักงานส่งเสริมการค้าฯ ณ กรุงนิวเดลีประเทศอินเดีย จะไม่รับผิดชอบต่อความเสียหายใดๆ ที่อาจเกิดขึ้นจากการนาข้อมูลนี้ไปใช้

services, to bring about some congruity in the steps that we take,” Seth said, pointing to the Make in India program launched by Prime Minister Narendra Modi which departments are working together to implement.

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Source: The Economic Times, New Delhi, 14 November 2014

India to see stable growth; prospects depends on reforms: OECD

Indian economy is expected to see an average growth of 6.7%over the 2015-19 period and a further boost would depend onreform plans of the government, says a report. However, theOrganisation for Economic Cooperation and Development (OECD)on Thursday also said India and China face significant challenges.“India’s growth should remain stable at 6.7%, before anypotential boost from the new government’s reform plans,” thereport, released at the Asean Business and Investment Summit

here, said. “Emerging Asia” is set for healthy growth over the medium term even as outlook for many OECDcountries remains subdued, as per the grouping’s latest economic outlook report for Southeast Asia, Chinaand India. “India’s growth should be stable over 2015-19, but the prospects could change depending on theimplementation of the reforms of the new Modi government,” the report said. These plans includepromoting domestic and foreign investments, creating jobs, improving food security, raising standards ofeducation and skills development, building new infrastructure, enhancing water governance and increasingthe country’s overall competitiveness, particularly in the manufacturing sector, it added. Prime MinisterNarendra Modi-led government came to power in May after a thumping victory in the general elections. InOctober, the International Monetary Fund (IMF) and the World Bank projected 5.6% growth rate for India thisyear, citing renewed confidence in the market due to a series of economic reforms pursued by the newgovernment. Meanwhile, OECD on Thursday in its report said that annual gross domestic product (GDP)growth for the Asean -10, China and India is forecast to average 6.5% over 2015-19. “Growth momentumremains robust in the 10 Asean countries, with economic growth averaging 5.6% over 2015-19,” it noted. Themembers of Asean (Association of Southeast Asian Nations) are Indonesia, Malaysia, the Philippines,Thailand, Vietnam, Brunei Darussalam, Singapore, Cambodia, Lao PDR and Myanmar. However, the reportsaid that China’s growth is expected to slowdown to 6.8% over 2015-19 period. It also noted that publicsector reforms have made substantial progress in Southeast Asia, China and India. Paris-based OECD is agrouping of about 34 countries.

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Source: mint, New Delhi, 14 November 2014


Medical Tourists Keep Hotels Fit

India’s booming medical tourism has emerged one of themost dependable business segments for premium hotelchains, prompting many hotels to offer special facilities,packages and customized services to woo such customers.Hotel chains such as Hyatt, Hilton, Ramada, Crowne Plaza and The Leela offer facilities and services ranging from longelevator cabins for stretchers, rooms close to elevators andcustomized food and beverages as per their dietary

requirements, as business from medical tourism has been by more than 25% every year at a time when overall slowdown impacted the flow of business and leisure travellers. “Medical tourism is a year-round business and constant, when compared to leisure and corporate travel which are more or less seasonal,” said Nichint Pathania, general manager at Ramada powai Hotel and convention Centre, Mumbai.According to a study by Assocham, medical tourism in India is set to grow into a 120,000 million Rupees industry by 2015 with more than 450,000 people expected to visit the country for treatment due to much lower cost of surgeries than western countries. The segment’s growing business potential has prompted hotel chains to set up properties near prominent specialty hospitals. Ramada Powai, for example, is located in the vicinity of healthcare chains like Hiranandani, Forties and Seven Hills. Last year Hilton Worldwide opened the 201 room Hilton Garden Inn Gurgaon Baani Square in proximity to specialty hospitals like Medanta Medicity, Artemis and Max Healthcare in Gurgaon, with several design features to support medical tourists. “For our specialized guests we have ramps at the entrance, customized long elevator cabin to wheel in a stretcher, and tow accessible rooms on the lowest residential floor, each with an interconnecting room for the patient’s attendant to occupy,” said Parmeet Singh Nayar, officiating general manager of Hilton Garden Inn. Some top hotels such as Hyatt Regency, Chennai, have tie-ups with specialty hospitals and offer contracted rates for tourists visiting for medical treatments.“Minute details like room allocation close to elevators, special provisions in the rooms and a host of recreation avenues are available on the premises to help our guests feel at home,” said Shubham Chandra, Hyatt Hotels’ area director of sales and marketing for Chennai, Hampi, Kathmandu, Kolkata and Bangalore. The Leela Palace, Chennai, and Crowne Plaza, New Delhi, are among hotels offering customized packages tosuit the health and preferences of medical tourists. “We have special offerings for food & beverage that are taken care by our team of seasoned chefs to suit their dietary requirements,”

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Source: The Economic Times, New Delhi, 14 November 2014


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