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June, 2015

  • BCIM map

    Border relations between sweet and sour neighbours India and China are showing slight improvements with the BCIM – Bangladesh – China – India – Myanmar project finally getting off on the right foot. The New Silk road project which has an estimated trade potential of US$132 billion,has just 200 kms of road to be concretized before Kolkata in India will seamlessly be connected with Kunming in China.

    The BCIM economic corridor is expected to add a major boost to India-China trade as India looks at developing her North-East region bordering China and Beijing looks for alternative routes to the strait of Malacca. Both governments hope that the BCIM economic corridor will be a starting point for stronger bilateral relations. An Indian consulate in Kunming and a Chinese consulate in Kolkata are already in place.

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  • india-retail-ecommerce India’s digital space is expanding exponentially and has a huge potential for growth. While the country has already become the cynosure for software, bouyed by the growth of smartphones, an ecommerce revolution is brewing, with B2C and B2B companies vying for top consumer sales.

    Analysts pin the reason to India’s large and growing consumer base whose disposable income is only set to increase, raising the desire to consume more products and drive sales of both smartphones and online retail up. According to an eMarketer report, India’s e-commerce sales in 2014 were US$5.3 billion, 1/80th the size of China’s US$426.26 billion and 1/58th the size of the US’ US$305.6 billion. China will likely exceed US$1 trillion in retail ecommerce sales by 2018, accounting for more than 40 percent of the total worldwide. Similarly, although India has a population of 1.3 billion, making it the world’s third largest market, slightly more than one in 10 own a smartphone, creating a huge potential for growth.

    Considering that India’s population is expected to surpass China’s by 2028, the magnanimity of growth for consumer led digital devices and services is humongous. Its no wonder then, that Jack Ma has decided to start selling in India in August this year. The Hangzhou based entrepreneur millionaire, has already been to India twice this year to meet key decision makers including Prime Minister Modi. Smelling ripe opportunity Ma, has also appointed a startup-genius Suhas Gopinath to help him identify Indian companies in the digital space worth investing in. Confirming the growth potential in the Ecommerce market, Flipkart, India’s largest e-commerce firm, recently raised US$550 million at a valuation of US$15 billion.

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