* Tata Communications leading provider of a new world of communications, announced today the expansion of its VPN service to China through an NNI (Network to Network Interface) agreement with China Enterprise Netcom Corporation Limited (China Entercom/CEC), a value-added telecommunication services and integrated IT solutions provider and subsidiary of CITIC (China International Trust and Investment Corporation).
* PROSPECTS OF INVESTMENT FOR MNCS/ INDIAN
INVESTORS IN PAKISTAN
Like other developing countries, foreign investment in Pakistan, whether through
transnational corporations or other forms, is being widely considered as an important
vehicle for economic growth. Pakistan has introduced a wide range of incentives,
congenial for both local and foreign investors and has increasingly tended to turn to
foreign direct investment (FDI) as a source of capital, technology, managerial skills and
market access needed for sustained economic development. The country provides a
one-window facility for setting up business, and foreign investment is fully protected
under law, including avoidance of double taxation. The reorientation in policies
designed to attract more FDI, has been accompanied by the adoption of policies relating
to privatization and deregulation of economic activity and greater reliance on market
forces in the country. Pakistan’s recent economic reforms offer unprecedented and
conducive business opportunities to all MNCs including Indian-based investors.
Pakistan is now one of those countries in the region whose reforms and economic
achievements during the last few years have steered the country to a business-friendly
environment, creating a win-win situation for both investors and consumers.
Investment by MNCs promotes the transfer of technology and expertise, which in
turn stimulates the economic growth of developing countries. Encouraged by such facts,
host countries offer various incentives to MNCs which include but are not...