Ethiopia is courting investment from the BRICS countries to build its rail networks
Reposted from Bloomberg
By William Davison
Ethiopia is negotiating with Brazil, Russia and India to finance and build rail links after agreeing terms last year with Chinese and Turkish companies for other routes, the head of the state rail company said.
Russia’s government may fund a 587-kilometer (365-mile) southern line that will eventually connect with a proposed port at Lamu on Kenya’s northeastern coast, Ethiopian Railways Corp. General Manager Getachew Betru said in an April 26 interview. Brazilian companies could build a 439-kilometer section of a route to oil-rich South Sudan and India is considering export financing for a line to a port in Djibouti, he said. More…
Indian investors are setting up a denim manufacturing plant in Ethiopia
Reposted from Gulfnews.com
Kanoria African Textiles Plc, a subsidiary of India’s Kanoria Chemicals & Industries, is setting up a denim fabric manufacturing plant that will be a first for Ethiopia and East Africa and will create 350 jobs, mainly for Ethiopians.
This is one of the 577 projects on which Indian investors will be spending $52 billion in Ethiopia, according to data released by the Ethiopian Investment Agency (EIA). Of these, 152 are operational and have created 13,000 permanent and 98,000 temporary jobs across the country. Indian investors have been in the country since 1985. More…
The economic strength of the ‘BRICS’ has altered the map of global investment
Reposted from Council on Foreign Relations
By Gayle Tzemach Lemmon
In a recent interview, Goldman Sachs’ Jim O’Neill, whose pen gave birth to the concept of the BRICs—the constellation of emerging economic powers Brazil, Russia, India, and China (and now including South Africa)—said the countries’ combined growth had “exceeded all expectations.” Noted O’Neill, “in slightly over a decade the group’s GDP has grown from approximately $3 billion to $13 billion. The BRIC countries have the potential to avert a global recession and to grow faster than the rest of the world and to pull all of us along with them as a (growth) engine.” More…
Resposted from The Washington Post
By Simon Denyer
MOREH, India — The arch that spans Asian Highway Number One as it passes through this border town proudly announces India’s friendship with its neighbor Burma. The official slogan proclaims that India is “Looking East” and promises that the road will deliver closer integration with Southeast Asia’s fast-growing economies. More…
Reposted from The Daily Star
Centre, Prof Mustafizur Rahman, executive director of the Centre for Policy Dialogue, speaks in a press briefing in Dhaka yesterday to announce that the local think-tank will organise the 11th BCIM Forum in partnership with the Canadian High Commission and Germany’s Friedrich-Ebert-Stiftung.
About 50 analysts from Bangladesh, China, India and Myanmar will gather in Dhaka next week to discuss ways and opportunities to deepen cooperation and integration in one of the fastest growing regions in the world.
Centre for Policy Dialogue (CPD), a local think tank, will organise the meeting on 23-24 February in partnership with the High Commission of Canada and Germany’s Friedrich-Ebert-Stiftung.
The theme of the upcoming 11th BCIM (Bangladesh, China, India and Myanmar) Forum is “Recent developments in BCIM countries: new opportunities and new challenges for BCIM cooperation.” More…
Reposted from The Hindu
India – Bangladesh
An FTA between the two nations would rise Bangladesh’s exports to India by 182 per cent
With India seeking to address the “brutal trade imbalance” with Bangladesh , a World Bank report released on Monday said a free trade agreement (FTA) between the two countries could push bilateral trade by over 100 per cent. More…
Reposted from The Economic Times
India today asked Bangladesh to explore opportunities for joint venture projects with Indian businesses targeting its huge market.
“We (India) offered you the duty free access to all your products two years ago but compared to what we thought export (from Bangladesh) did not increase that much,” Indian Deputy High Commissioner in Dhaka, Sandeep Chakravarty said at a curtain raiser ceremony of ‘India Show’ next week. More…
Reposted from The Phnom Penh Post
By May Kunmakara
The RCEP was officially launched on Tuesday during the 21st ASEAN Summit in Phnom Penh
Cambodia’s ASEAN economic minister said the official launch of the negotiations for the Regional Comprehensive Economic Partnership (RCEP) will lead to potentially forming the biggest single market in the region and is much bigger than the traditional markets of the US and the EU. More…
Reposted from Indochina Capital
By Hawkins Pham
This once isolated country is now one of the world’s hottest investment destinations
Dear friends and colleagues:
Being bullish on Myanmar is a cliché these days. However, I thought I’d share some notes from a recent trip to Yangon—it’s a good conversation starter at the very least. More…
By Steve Hashim
Each weekend we take a step outside our normal coverage to provide our readers with links to some of the stories we find the most intriguing from around the globe.
The Economist, “Briefing: Bangladesh and development”
Feast and Famine, “Bangladesh: Out of the basket”
beyondbrics, “Thai exporters get Myanmar boost”, Gwen Robinson More…