PROTECTION FOR VIDESHI?

Article Abstract:

CK Birla group plans to sell its 50 percent stake in the joint venture with General Motors (GM). GM which makes Opel Astra has already got the management control of the joint venture. Fiat, Mercedes-Benz, Ford, Honda and Daewoo that came to India through joint ventures have become foreign owned companies operating in India. Under the World Trade Organization (WTO), India should permit import of built-up cars and since foreign companies are already present in India, it can immediately allow import of cars. The two Indian companies that compete with foreign owned companies in India are Hindustan Motors and Tata Engineering and Locomotive Company. The government should divest its stake from Maruti Udyog and let Suzuki compete with other car makers of India. The competition is likely to improve the quality of cars and products of local vendors. The local vendors with their world class quality of components may become global suppliers. The mechanics and spare part dealers in India will get a chance to acquire knowledge of the latest technology of automobiles. The editorial further opines that it would give a boost to automotive sports and automotive journalism.(rk)(m)

United States, GM, CK Birla Group

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GM SUSPENDS DEALINGS WITH INDIAN GOVT

Article Abstract:

General Motors Corporation of the US has directed its Indian joint-venture subsidiaries, General Motors India (GMI) and GMAC- TCFC to suspend any business dealings with the Indian government or public sector undertakings after the nuclear tests in Pokhran. This order is unlikely to effect the company's operations in India since it has no direct business dealings with the government or public sector companies. The Indian government buys only Hindustan Motors and Premier models through DGS&D rate contracts. GMI, a joint venture with the C K Birla group manufactures the Opel Astra cars at Halol in Gujarat. GMAC-TCFC, an auto finance company is a joint venture between General Motors Auto Finance Corporation of US and 20th Century Finance Corporation. (gsh)

Comment:

Directs Indian JV subsidiaries, General Motors India & GMAC-TCFC to suspend any bsns dealings w/ Indian govt, after nuclear test

General Motors India Ltd., GMAC-TCFC

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SCHENECTADY PICKS UP MAJORITY STAKE IN INDIAN JV

Article Abstract:

Schenectady International Inc (SII) of USA, the joint venture partner of Sunshield Chemicals (SCL) in Schenectady South Asia Ltd (SSAL), has picked up a majority stake in SSAL. The joint venture was formed by transferring the assets of SCL's alkyl phenol division to SII at a cost of Rs14 crore. The joint venture will enable SCL to increase its presence in the international market by using SII's technology and capacity and gain technical expertise in the manufacture of alkyl phenols, expand business to South Asian countries and boost exports. SSAL is expected to post a turnover of Rs40 crore for the year ended December 1998. (gsh)

Comment:

Picks up majority stake in Schenectady South Asia, JV with Sunshield Chemicals

Cyclic Crude and Intermediate Manufacturing, Alkylphenols, Schenectady South Asia Ltd., Schenectady International Inc.

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