| Title: | 04 : The Changi Airport Pullout – Some Thoughts |
| Author/s: | S. Narayan |
| Abstract: | Media reactions to the pullout by Changi airpor t authority from bidding for the privatisation of Delhi and Mumbai airports last week have been fair ly moderate, though one or two newspapers did make some strident criticism. Among the final bidders, th ere is likely to be some relief at removal of competition from an established entity like Changi, and the bidders that I spoke to are confident that they can deliver a comparable product within the tender schedules. The loss, certainly, is th at of Changi and of Singapore |
| Date: | 20 September 2005 |
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| Title: | 03 : The Privatisation of Delhi Airport: The Changi Airport Pullout |
| Author/s: | S. Narayan |
| Abstract: | There have been several developments during th e course of this week that would have an impact on business interests be tween India and Singapore. In Chennai, Ascendas completed a project with the Tamil Nadu I ndustrial Development Corporation and it was inaugurated on 14 September 2005 in the presence of Tamil Nadu's Chief Minister and the Singapore Minister for Education. Ascenda s has promised to scale up inve stment in India to over S$750 million within the next two years. Other real estate initiatives in Chennai by Singapore companies are doing well. The Chief Minister re ferred in her speech specifically to the Comprehensive Economic Cooperation Agreement (CECA) and to the opportunities that she expects this agreement to bri ng to Tamil Nadu in particular. |
| Date: | 16 September 2005 |
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| Title: | 02 : Moving Ahead: EU’s Ties with India and China |
| Author/s: | S. Narayan, Visiting Senior Research Fellow at the ISAS |
| Abstract: | The announcement by Indian Prime Minister, Dr Manmohan Singh, on the purchase of aircrafts by Indian Airlines worth US$2.2 billion from Airbus Industries, was timed to add value to the important Indian-European Union (EU) summit in New Delhi on 7 September 2005. Other private airlines had already announced their purchase intentions at the Paris show a few months ago, and this announcement was important only because the buyer was a government airline. Dr Singh was underscoring the importance of trade with the EU and the need to ramp up relations with the bloc. |
| Date: | 9 September 2005 |
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| Title: | 01 : India’s Energy Security: Challenges and Prospects |
| Author/s: | Rahul Mukherji, Visiting Research Fellow at the ISAS |
| Abstract: | The surge in oil prices from US$28 per barrel in 2003/04 to US$51 per barrel in April-June 2005 poses a challenge for Indian policy-makers. India's current account deteriorated from a surplus of US$10.5 billion to a deficit of US$6.5 billion over this period. The loss to oil companies amounted to Rupees 145 billion. According to one estimate, even if India did away with duties, attacked monopolistic practices of retailers, reduced the margins of producers, and put a ceiling on state-level levies, this would reduce the price of oil by about Rs3. India made the politically tough decision of raising the price of oil (by Rs3) and the price of diesel (by Rs2). The rise in Indian prices is much lower than international prices. The diesel price rise has a higher inflationary potential. |
| Date: | 6 September 2005 |
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