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AseanAffairs Magazine July - August 2010
CONTENT • BEYOND ASEAN 
• ASEAN BAZAAR • ASEAN TALK
ASEAN AVIATION • INSIDE OUT
• ASEAN MONEY • OPINION
• ASEAN TRAVELLER • INDIA IN SPOTLIGHT

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                                                                                                                      INDIA IN ASEAN

Aditya Birla Group is a US$28 billion corporation active in 25 countries producing aluminum, copper, fiber, cement and fertilizer. More than 50 percent of its revenues come from operations outside India. In India it is strong in fiber production, telecommunications, insurance and operates a supermarket chain.
How does the closer relationship
between India and Asean – in trade and investment – readjust the way Indian companies doing business in the region?
    Ajit Venkataraman: Culturally, people in India and ASEAN share a lot in common. Increase in trade relations normally acts as a catalyst to further improve the relationship between people in the region. This can clearly be seen in the number of tourists that arrive from India into the region.

O.P. Modi:
The fact that Asean is India’s fourth-largest trading partner after the EU, U.S. and China poses tremendous opportunities as well as challenges to Indian companies. Doing business with Asean countries challenges Indian companies to be swift and steadfast in their movements. While India’s trade with Asean nations consists of roughly 10 percent of its global trade, the Asean-Indian bilateral trade is expected to reach US$ 50billion this year. Under the Asean-India goods Free Trade Agreement (FTA), Asean member countries and India will lift import tariffs on more than 80 percent of traded products between 2013 and 2016 as well as a tariff reduction of 5 percent on certain goods by 2016.....

Tata Motors (Thailand) Limited commenced operations in Thailand in early 2008 with the introduction of the Xenon 2.2L VTT DICOR common-rail diesel pickup followed by the Tata Xenon Super CNG ,Thailand’s first pickup truck with a factory-installed 100 percent CNG system.
Asean is about to launch an integrated market in 2015. Does that mean better prospects for Indian companies – both those already there in Asean and those considering entering Asean, why?
Ajit Venkataraman: The GDP of the ASEAN countries is equivalent to that of India. An integrated market offers large opportunities for companies in the region and Indian companies. Most of the economies in the region are in the rapid growth phase similar to India. The needs and the aspirations of the people will be a lot similar.

   O.P. Modi: Yes. For example, the energy sector companies from Asean and India could cooperate with each other in oil and gas exploration and in downstream processing activities. As an example, India’s national oil company is already involved in a joint venture to explore oil and natural gas in Vietnam. More specifically, India faces persistent shortages of cooking oil,.......





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