Japan’s Panasonic plans to invest Rs1,000 crore in Jhajjar

According to recent reports, the Japan-based electronics major company Panasonic has expressed its desire to set-up its first “Eco Idea factory” in India at Dadritoi village of Haryana’s Jhajjar district with the total investment plan of around Rs1,000 crore.

Further, the new plant will be spread in a total area of almost 76 acers and its foundation stone will be laid on February 23.

The declaration was made by an official here.

While talking to media, a company official said, “The Factory will start production within one year.”

Rohtak MP Deepender Singh Hooda said, “The new Industrial and Investment policy 2011 of the state government has been implemented to make sure holistic industrial development.”

According to him, the region will b developing as a power hub, a world level medical institute, AIIMA-II, was being established at Badsa village in the same district.

Great Britain issues 20,000 extra visas to Indian workers

According to recent reports, Britain is set to welcome 20,000 extra Indian workers annually as part of a secretive trade deal brokered by the European Union (EU).

According to the EU-India Free Trade Agreement, European nations will issue India between 35,000 and 50,000 visas in return for four billion pounds worth of trade.

On the other hand, India is demanding up to 20,000 of them should be provided by Britain, with only 7,000 asked of Germany and 3,000 from France. Estonia is expected to accept just 19 individuals.

The agreement is expected to be signed later this year. The 20,000 will not count towards the coalition's pledge to cap net immigration at 'tens of thousands'. Britain's unemployment stands at 2.5 million.

Sir Andrew Green, chairman of MigrationWatch UK, said: "The secrecy surrounding this deal has gone on long enough. This scheme makes a nonsense of efforts to limit economic migration."

A spokesman for the Department of Business, Innovation and Skills, told The Sunday Telegraph: "Strict criteria are being negotiated to ensure there is a focus on highly-skilled and highly-qualified professionals entering the UK temporarily."

Nearly 30,000 workers came to Britain from India in 2010. Two thirds of them travelled as part of the intra-company transfer scheme. They are except from the coalition's interim immigration cap.

Silver aims record high, crosses Rs 50,000 per kg level

Continuing its record-breaking spree on the back of firming trend overseas, silver futures prices increased by over 2% to hit a new high of Rs 50,699 per kg.

Record levels in the spot market on rising demand, driven by the ongoing marriage season too influenced the white metal prices at futures trade here.

At the Multi Commodity Exchange counter, silver for delivery in September contract climbed Rs 1,043, or 2.10 per cent to trade at Rs 50,699 per kg-- a level never seen before--with a turnover of four lots.

The silver for delivery in March contract also rallied by Rs 982, or 1.82 per cent, to trade at a record high of Rs 49,420 per kg, with a turnover of one lot.

Internationally, silver in the Asian region, gained 1.4 per cent, to trade at USD 33.10, the fresh high since 1980.

Experts told media that the firming trend in precious metals in global markets as spreading unrest in the Middle East boosted their appeal as a safe-haven asset, buoyed the trading sentiment at futures trade here.

In the meantime, at Chennai bullion market, silver prices rallied by Rs 400 to trade at record high of Rs 50,065 per kg in the opening trade.

Huge crowd at the opening of Taipei Games Fair

During the opening of the Taipei Games Fair, around tens of thousands of game lovers crowded the cold as well as rain to scheme to the 2011 Taipei Game Show and check out the latest video as well as other online games.

Guests to the fair at the Taipei World Trade Center lined up to try number of games presented by the 50 designers from home and abroad exhibiting at this year's show.

During the show's main draws has been Microsoft, which is showcasing game consoles that have face-, voice- and gesture-recognizing sensors and are available for visitors to try.

While talking to media, a 27-year-old Kuo Cheng-yen, as he stood in line for a crack at Sony's 3D games said,  “I've played four (different games). I sweat a lot but it was a lot of fun.”

He said, “My monitors at home aren't as big, so the visual effect was better here.”

On the other hand, the basic highlight of the game show has been Sony Ericsson's latest smartphone model on which users can play PlayStation games.

On its opening day on Friday, the show attracted more than 50,000 visitors, and organizers said bigger crowds were anticipated on the weekend.

Companies from Japan plans to invest in Taiwan

As per the data released by a senior economics from Taiwan, after touring Japan said that number of Japanese firms are planning to invest in production facilities in the island, in part as of a bettering investment nature.

While talking to media, Vice Economic Affairs Minister Lin Sheng-chung said, “My visit to Japan Feb. 14-16 at the head of a delegation to solicit investment, he received commitments from Japanese businesses to invest a possible NT$8 billion (US$272.14 million) in Taiwan.”

The minister then told media, that number of firms from Japan reveals that Taiwan’s investment nature had turned for the better as well as expressed that they were planning to modify their offices or boost investment in the country.

Liu said, some of the companies anticipated their desire of working with island’s firms to jointly tap into China’s market, targeting potential policies stemming from the Economic Cooperation Framework Agreement (ECFA) inked by the two nations in June last year.

Liu said, “This shows that Taiwan has become a springboard for foreign companies to tap into Chinese or Southeast Asian markets.”

Central Taiwan opens shipping farm products to China

According to latest news, around 5 containers packed with agricultural products which cost around NT$13 million were delivered to Taichung Port for shipment to Laioning region. This is the very first time that the central Taiwan city will sell farm products to Northeast China.

In the meantime, the containers, packed with honey murcotts, a type of tangerine, mushrooms, honey, plum wines, and Lishan tea, were sent to the city's port after a deal on the sale of the agricultural goods was inked by officials from Taichung and the Chinese province.

While talking to media, Taichung Mayor Jason Hu said, “It was the first time a province in northeastern China has bought agricultural goods from Taichung, and I anticipated that Liaoning would make an additional NT$27.5 million in purchases.”

According to him, “We described Taichung and Liaoning as highly complementary, and we target to see friendly interaction take place between the two sides from now on.”