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India In-Focus – Dubai’s Emaar CEO Briefly Detained; India plans safety rating system for passenger cars

RIYADH (Reuters) – Amin Jain, CEO of Emaar Properties Group in Dubai, was briefly detained upon arrival at Delhi’s Indira Gandhi International Airport on Friday and handed over to local police, Indian news agency ANI reported. .

However, other reports later said he was released after authorities realized the surveillance circular issued against him was old.

“Jain was detained but released as the LOC was old and there is no case against him,” Sandeep Garg, chief superintendent of police, told Hindu Business Line.

Indian Punjab Police had issued a LOC against Emaar in a case where the group’s CEO was convicted in a case filed in November 2019 over a delay in the delivery of land purchased by a plaintiff, local media reported.

Emaar Properties is aware of a news report that group CEO Amit Jain was briefly detained in India, a company spokesman said on Saturday.

“Emaar is aware of reports regarding Group CEO Amit Jain on an issue related to the company’s work in India. The issue is now resolved and we have no further comment at this time,” the spokesperson added.

Dubai’s Emaar Properties entered India in 2005 through a joint venture Emaar MGF Land, which was later dissolved. The split was approved in July 2018.

India plans safety rating system for passenger cars

India will introduce a safety rating system for passenger cars – a move it hopes will encourage manufacturers to provide advanced safety features and boost the “export quality” of vehicles products in the country.

The Department for Road Transport, in a statement, said it would rate the cars from one to five stars based on tests assessing adult and child occupant protection as well as assistive safety technologies.

The new system is expected to come into effect in April 2023.

India, which has some of the deadliest roads in the world, has also proposed mandating that all passenger cars be fitted with six airbags, despite resistance from some carmakers who say this will increase the cost of vehicles.

Current rules require two airbags, one for the driver and one for the front passenger.

India is the world’s fifth-largest automobile market, with annual sales of around 3 million units per year, and Maruti Suzuki, Hyundai Motor and Tata Motors are its top-selling automakers.

(Contributed by Reuters)

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