India
Related Articles
Here you will find an array of documents that the IPTU Team feel may be of relevance to you. Simply click on the hyperlink to be directed to the full document.
BUSINESS OPPORTUNITIES
To check the current business opportunities, please click here
ARTICLES
Top of page
|
Top of page 
-
Understanding Intellectual Property Rights in India - Registration Cut-Off Date: 23/05/2008
Given the rapid growth of television in much of Asia triggered by deregulation and newer technologies of cable and satellite, an opportunity now exists in markets such as India for UK broadcast content. But UK content providers must understand the Indian IPR environment and the cultural context in order to address the market.
CLICK HERE FOR MORE INFORMATION
-
IPTU Seminar - HOW TO IMPORT FROM INDIA (and Pakistan, Sri Lanka, Bangladesh) - Tuesday 14th October 2008
This one day training seminar is specifically aimed at those companies or individuals who need information on importing from India, Pakistan, Sri Lanka and Bangladesh.
All of those attending will be able to ensure they meet the legal requirements for importing goods from these countries.
They will be made aware of how to bring the goods in cost-effectively whilst minimising risks of delays and hold-ups.
They will understand the payment implications and commitments they are required to meet.
CLICK HERE FOR MORE INFORMATION
Top of page
ARTICLES
India, UK discuss strategic partnerships in the Railways sector - 25th April 2008
"The British railways industry is looking forward to forging partnerships with the Indian railways sector and has much to offer to by way of technology and expertise in this area", said Sir Tom Harris, MP, Minister of Railways, U.K., at the India-UK seminar on Railways 'Towards building greater partnership' organized by the Confederation of Indian Industry (CII) and UK Trade and Investment, in New Delhi today.
Source: CII - Confederation of Indian Industry
CLICK HERE FOR MORE INFORMATION
Agri rebound: Grain output up 4.6 per cent - 23rd April 2008
After a near-stagnation or modest growth in output for several years, Indian agriculture is reckoned officially to have rebound in 2007-08 with foodgrain production surging by 10 million tonnes, or 4.6 per cent, to touch a new high of 227.32 million tonnes. The grain output in 2006-07 was 217.28 million tonnes.
The year’s grain output growth of 4.6 per cent is nearly four times the average annual growth of 1.2 per cent between 1990 and 2007.
The rebound is attributed to the record output of almost all major crops, including wheat, rice, coarse cereals, pulses, oilseeds and cotton.
Source: Business Standard
CLICK HERE FOR MORE INFORMATION
Haryana solar project draws in big guns - 23rd April 2008
With companies like Reliance Industries Limited (RIL), EPURON, Admire Energy Solutions Limited (Moser Baer group company), Albina Power (an Indiabulls Company), Acme Telepower Limited and Emco Limited showing interest in harnessing electricity from solar energy in Haryana, the state government’s aim to add 10 per cent of the new capacity addition of power through renewable energy by 2012 seems a possible reality.
The Haryana Renewable Energy Development Agency (HAREDA), which is the nodal agency to promote and implement renewable energy projects, recently invited applications from independent power producers (IPPs) and other parties to set up solar photovolatic power (SPP) plants across the state.
Source: Business Standard
CLICK HERE FOR MORE INFORMATION
Indian technical textile market to quadruple: report - 22nd April 2008
Indian technical textile market could grow by more than four times to $37 billion by 2020 provided issues such as lack of product standards, R&D facilites and inadequate regulatory measures ensuring use of technical textiles are addressed, estimates FICCI-Technopak report.
Source : The Financial Express
CLICK HERE FOR MORE INFORMATION
India witnesses $4 bn PE investment in Q1 of 2008: Report - 22nd April 2008
The country witnessed private equity investments to the tune of four billion dollars in the first three months of this year, with real estate and infrastructure sectors accounting for a majority share, says a report.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
India has second-largest number of homegrown companies - 21st April 2008
India has the second-largest number of homegrown corporate champions holding their fort against the might of multinational giants, according to a recent Boston Consulting Group (BCG) report.
The country was ranked second behind China among the ten rapidly growing economies in terms of number of such homegrown leaders.
Consultancy firm BCG shortlisted 50 homegrown companies from developing economies such as Brazil, China, India, Indonesia, Malaysia, Mexico, Poland, Russia, Slovakia and Thailand that are leading their domestic markets and fending off fierce competition with innovative business models.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
Cement production to grow 11.5 per cent in FY 2009: CMIE - 21st April 2008
Cement demand outlook this fiscal remains healthy, driven by rising investment in construction and real estate sectors, the Centre for Monitoring Indian Economy (CMIE) said in its monthly report.
The CMIE expects cement production to grow 11.5 per cent and cement consumption 12 per cent during FY09.
The total annual installed capacity of the cement sector increased by about 22 million tonnes during FY08, of which 12.7 million tonnes were added during the March 2008 quarter. The CMIE expects another 25 million tonnes of new capacity to come on-stream in FY’09, boosting the production growth.
Source: Business Standard
CLICK HERE FOR MORE INFORMATION
Waking up to India: Developments in UK–India economic relations - 21st April 2008
There has been a significant improvement in economic relations between the UK and India since the 2006 report from the Trade and Industry Committee, which urged greater engagement with India. Both Government and private sector bodies have worked to achieve this. The sizeable investments and deals made both by Indian companies in the UK and British companies in India are encouraging signs of a deepening relationship which should benefit both countries. The establishment of the UK-India Business Council is perhaps the most tangible manifestation of this. This new report welcomes the improved climate, but identifies areas for further work.
Source: House of Commons
CLICK HERE FOR MORE INFORMATION
UK fund manager ties up with Tata Group - 6th April 2008
British fund manager New Star Asset Managment has entered into a joint venture with the Tata Group that will see the two Companies launch an Indian equity fund for UK investors later this year.
Source: The Financial Express
CLICK HERER FOR MORE INFORMATION
The Keys to Export Success - FREE UKTI SEMINARS
Starting Export (springboard for beginners)
For those considering export for the first time and for new and inexperienced small export
CLICK HERE FOR MORE INFORMATION
Improving Export (developing and learning for growth)
For developing exporters – companies already exporting but wanting to become more successful
CLICK HERE FOR MORE INFORMATION
Expanding Export (new tricks for experienced players)
For major companies and larger exporters wanting to expand their global horizons, particularly in the newer emerging markets.
CLICK HERE FOR MORE INFORMATION
Emerging India Awards 2008 - ICICI Bank Business Banking
As globalisation takes root across the world, thinking global and going global will define future competitiveness. From domestic to international markets, from small and medium enterprises (SME) to big businesses, the future is about going global. Emerging India Awards is here to recognise and honour India’s most globally competitive small and medium enterprises.
The Last date for the application has been extended to 30th April 2008
Source: ICICI Bank Business Banking
CLICK HERE FOR MORE INFORMATION
Exports may touch US$ 200 billion by 2009: CII - 30th March 2008
New Delhi: Exports from India are expected to touch $200 billion (Rs7,97,900 crore) by 2009, maintaining an annual growth of over 20% for the 2004-09 period, but it would require government support through tax refund schemes, said a survey of CEO’s conducted by industry body CII.
A CEO survey conducted by the CII on Foreign Trade Policy said to sustain the growth of exports, government should continue tax refund schemes such as Duty Entitlement Pass Book (DEPB), Export Promotion Capital Goods (EPCG), Duty Free Import Authorisation (DFIA) in the next fiscal as well.
Source: livemint.com
CLICK HERE FOR MORE INFORMATION
Energy Derivatives and Emission Trading must be effective and sustainable: says new CII report - 28th March 2008
Energy Derivatives can provide a low cost energy alternatives and popularizing emission trading can go a long way in providing sustainable and effective energy solutions to a fast developing and energy starved economy like India, said H L Bajaj, Technical Member, Appellate Tribunal for Electricity, at a conference on Energy Derivatives and Emission Trading organized by the Confederation of Indian Industry (CII) along with the British High Commission in New Delhi this morning.
Source: CII - Confederation of Indian Industry
CLICK HERE FOR MORE INFORMATION
Top of page
India Inc hails JLR takeover by Tata Motors - 26th March 2008
New Delhi: The historic buyout of Ford Motor Co's global iconic brands Jaguar and Land Rover by Tata Motors for 2.3 billion dollars has been hailed by domestic industry, including Tata's competitors in the sector.
"This is a major landmark for Indian industry and a turning point in achieving quality and projecting brand - as the Jaguar and Rover represent some of the highest brand values," according to industry body FICCI.
Source: The Financial Express
CLICK HERE FOR MORE INFORMATION
I&B gives go ahead to 24 per cent FDI in FM - 25th March 2008
Mumbai: The information & broadcasting (I&B) ministry has given its nod to a hike in the foreign direct investment (FDI) limit to 24% from the current 20% in FM radio operations.
Speaking to FE on the sidelines of the Ficci-Frames convention here, I&B secretary Asha Swarup said the proposal has been forwarded to the department of industrial policy & promotion (DIPP), the nodal ministry governing foreign investment.
Source: The Financial Express
CLICK HERE FOR MORE INFORMATION
India to become second largest wireless network in world - 24th March 2008
New Delhi: Continuing its growth momentum, the country is set to surpass US to become the second largest wireless network in the world with a subscriber base of over 300 million by April, the Telecom Regulatory Authority of India (Trai) said on Monday.
“During the first half of April 2008, India’s wireless subscriber base that currently stands at 250.93 million will surpass that of the US to become the second wireless network in the world,” Trai said in a statement, adding that the country’s monthly wireless subscriber addition is highest in the world in the range of 8-9 million a month.
Source: The Financial Express
CLICK HERE FOR MORE INFORMATION
Wi-Fi market in India to touch US$ 891 million mark by 2011-12: Study - 24th March 2008
New Delhi: Riding on realty, retail and other infrastructure sectors boom, including the Indian Railways, the adaptation of Wi-Fi in India is set to increase massively.
After witnessing a 100% increase in the number of hotspots (locations that are Wi-Fi enabled, where one can log on to the Net without using cables) to about 1,600 in 2007-08, this number is expected to increase by several multiple times during the current year.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
Top of page
Reverse outsourcing: TCS in US - 22nd March 2008
The opening of the 1,000-seat delivery centre by India’s largest software developer TCS in the mid-western state of Ohio could not have come at a more opportune moment. It comes when the US economy is going into a tailspin and politicians there have upped the ante against US jobs being outsourced to India.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
Talent in India is second to none - 22nd March 2008
As the pace of information flow as well as means of gathering information increase, making sense of the data flowing in from various streams assumes greater importance, says Dr Anant Jhingran, vice-president and chief technology officer, IBM’s information management division. While India presents its own challenges to this task like unavailability of complete information, its talent pool is a great advantage, he says.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
Software exports may grow 33 per cent in FY 2008 - 20th March 2008
Hyderabad: Software exports are expected to register a growth of 33 per cent in terms of dollar and 23 per cent in terms of rupee in the current financial year, according to an estimate by the Electronics and Computer Software Export Promotion Council (ESC). In absolute terms, exports during FY08 will workout to $45 billion (Rs 180,000 crore).
Source: Business Standard
CLICK HERE FOR MORE INFORMATION
Private players to manage stations for first time - 19th March 2008
New Delhi: The Indian Railways will allow private companies that are mandated to modernize railway stations to also maintain, and earn revenue from, waiting rooms, parking lots, sanitation facilities and other services at the stations.
Until now, the railway ministry had maintained that the private players would earn their revenues by developing additional commercial space in the station complexes they are developing. However, Mint has now learnt that they would be allocated some more operations that were so far carried out by the railway zones concerned.
Source: livemint.com
CLICK HERE FOR MORE INFORMATION
Top of page
Education may see more private funds - 18th March 2008
New Delhi: A move that might bring in more money to the sector and change the funding pattern of the education sector, the Human Resource Development (HRD) ministry is now actively considering allowing private participation in elementary education to start with. A Bill has already been placed before the Parliament to allow 100% FDI in higher education. The government is also thinking of giving some of the education cess funds for Sarva Shiksha Abhiyan (SSA) to the corporates to achieve the flagship programme’s objectives.
Source: The Financial Express
CLICK HERE FOR MORE INFORMATION
18 FDI plans of US$ 370.46 million get FIPB clearance - 15th March 2008
New Delhi: The government has approved 18 foreign direct investment (FDI) proposals that will bring in Rs 1,553 crore, including Rs 560 crore by Essar Capital. The Foreign Investment Paromotion Board (FIPB) approved the proposals at a meeting held on March 7th.
Essar Capital will acquire the status of holding company for downstream investments in India, said a statement issued here by the finance ministry. Cyprus-based commercial lending company Melbrook Ltd would bring in an FDI of Rs 125 crore and change its status from operating company to operating-cum-holding company.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
Industrial sector to grow by 10.4 per cent in FY 2009: CMIE - 14th March 2008
Mumbai: The latest government data on industrial growth has painted a gloomy picture but economic think-tank Centre for Monitoring Indian Economy (CMIE) says all is not lost and has pegged the expansion at 10.4 per cent for fiscal 2009.
"We expect the industrial production to grow by 10.4 per cent in FY 09. The current investment boom is expected to correct the slowdown problem," CMIE said in its monthly report. The reason for the current slowdown in industrial production was the supply problem faced by sectors like cement, aluminium, electricity and steel, it said.
Source: Business Standard
CLICK HERE FOR MORE INFORMATION
New thrust in power sector offers huge opportunity to the industry: Power Secretary - 14th March 2008
The new 11th Plan target to add 78 Gigawatts power generation capacity, is an opportunity for India to emerge as a major power equipment manufacturing hub and a bonanza for the industry, Anil Razdan, Secretary, Ministry of Power, Government of India, said at the first ever national seminar on 'Power Equipment and Systems Industry' organized by the Confederation of Indian Industry (CII) in New Delhi today.
Source: CII - Confederation of Indian Industry
CLICK HERE FOR MORE INFORMATION
Top of page
India emerges as the top performer on Benetton's global chart - 13th March 2008
Bangalore: European fashion giant Benetton Group has perched India at the top of the priority growth markets as it works on an emerging markets strategy. This follows India’s emergence as the top performer with 58% revenue growth during 2007.
While unveiling the preliminary results for 2007, the Benetton Group board has identified five priority growth markets - India, Turkey, East European and ex-Soviet Union countries, Mexico and China - apart from chasing new growth drivers in established areas.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
India finds cheap energy may be an easy nut to crack - 13th March 2008
New Delhi: When police bring the traffic to an abrupt halt in Raipur, capital of the remote Indian state of Chhattisgarh, drivers know what to expect next. Soon, flashing red lights atop speeding government vehicles come into view. Raman Singh, Chhattisgarh’s chief minister, is passing through. Government motorcades are a common sight in Indian capitals. But what is different about this one is that all of Chhattisgarh’s official vehicles, including the chief minister’s Tata Safari jeep, are run on oil from the wrinkled black nut of a shrub-like tree called jatropha.
Source: Business Standard
CLICK HERE FOR MORE INFORMATION
20th Century Fox to set up JV with Star - 12th March 2008
New Delhi: Twentieth Century Fox Film Corporation, one of the leading Hollywood studios and a News Corporation subsidiary, is all set to enter the Indian film industry in a joint venture with Star India, Rupert Murdoch’s television business in the country.
Though the nature of the JV is not clear, Vijay Singh, Star India’s president, Strategy and Corporate Development, is expected to head the motion picture company’s operations in the country.
Source: Business Standard
CLICK HERE FOR MORE INFORMATION
Tata Motors plans $1bn securities issue - 11th March 2008
Tata Motors intends to raise Rs40bn ($1bn) through the issue of long-term securities in a move seen as bolstering its war chest for a planned acquisition of UK-based carmakers Jaguar and Land Rover, which are owned by Ford.
Source: Financial Times
CLICK HERE FOR MORE INFORMATION
Top of page
An offshore home run - 7th March 2008
From Canary Wharf to the Dubai marina, international luxury property agents are wooing Indian buyers Nishant Joshi, 24, has been travelling to London with his family since he was 12, living with cousins or in hotels. A year ago, he decided to launch the Parisian fashion school Mod'Art International in India, and racked up frequent flyer miles by travelling to Europe nine times in the first year.
Source: livemint.com
CLICK HERE FOR MORE INFORMATION
From India to Bharat - Budget 2008 - SKP Group
So first the good news about the year that was!! 2007, though not a “bumper” year, was by no means a dull year for India Inc. Economy indicators highlight that economic performance during the period 2007-2008 was a good 8.7%, though a tad lower as compared to 9.6% in the FY 2006-2007. Services and Manufacturing continue to drive the economy with 10.7% and 9.1% growth respectively for the year. India has joined the elite club of 12 countries with a trillion dollar economy. Twenty Indian firms have made it to the Boston Consulting Group's 100 New Global Challenger Giants list.
The boom in the stock market has contributed to making India's 48 billionaires the wealthiest group in all of Asia. The Stock Market Indices – seemingly India’s growth indicator recurrently touched all time highs during the year. SENSEX showed an increase of almost 50% from 11,000 levels as on April 07 to an all time high of around 21,000 during mid-Jan- mainly driven by buoyant FDI & FII inflows aggregating to US$ 30.7 billion for the period April-December 2007.
Source: SKP Group
CLICK HERE FOR MORE INFORMATION
India Budget Statement 2008
The Indian economy is slowing down. THe slowdown started in manufacturing in the early months of 2007. textiles were the first industry to suffer Vehicle.
Source: Corporate Catalyst India
CLICK HERE FOR MORE INFORMATION
Growth and Inclusiveness: FM Provides the Right Balance, Says CII - 29th February 2008
The Finance Minister has presented a comprehensive, balanced and growth-oriented budget, said Mr Sunil Mittal, President, CII in a Press Release issued here today.
The Finance Minister has managed to address the triple challenge of growth inclusiveness and sustainability very astutely, said the CII President. The budget proposals would go along way in building people and building India, he added.
Source: CII - Confederation of Indian Industry
CLICK HERE FOR MORE INFORMATION
Top of page
Economic Policy Update - 28th February 2008
A Balanced and Growth Oriented Union Budget 2008-09
The Finance Minister, Mr P Chidambaram has presented a comprehensive, balanced and growth-oriented budget. The Finance Minister has managed to perform a balancing act between growth and inclusiveness very astutely.
The beneficiaries of the budget vary from farmers to industry to the average salary earner while managing fiscal prudence. However, CII hoped that the expected proposals of the Sixth Pay Commission have been kept in mind while balancing the budget, since any provision for that did not seem apparent from the Finance Minister’s speech.
The cornerstone of the budget has to be the obvious fillip that it would provide to consumption in the country and thereby pump up a demand led growth cycle. This would supplement the neutral stance that the RBI has just indicated in the last Monetary Policy Review. This is very important if the economy has to maintain its current growth trajectory and move to a double digit one.
Source: CII - Confederation of Indian Industry
CLICK HERE FOR MORE INFORMATION
India: Selected Issues- 1st February 2008
This Selected Issues paper for India was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on January 4, 2008.
Source : International Monetary Fund
CLICK HERE FOR MORE INFORMATION
Capgemini plans to move internal support services to India - 22nd February 2008
The slowdown in US economy has begun to drive more outsourcing work India’s way. Capgemini, Europe’s largest consulting and computer services firm, has reduced hiring in the United States to ‘a bare minimum’, increased the portion of offshoring in its contracts there from 40% to 60% and is moving internal support services to India, a company official said.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
BIG Shopping Centres to build 60 malls; invest US$ 2.4 billion - 21st February 2008
BIG Shopping Centres on Thursday announced its entry into India's retail market with plans to develop 60 stores across the country in the next 10 years at an investment of about Rs 9,600 crore.
BIG India Malls Pvt Ltd, a joint venture company between Israel-based BIG Shopping Centres and US-based Lehman Brothers' wholly-owned special purpose vehicle BIG Mauritius Holdings, would develop the shopping malls over about 24 million sq ft of retail space.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
Top of page
European firms to cash in on India's foundry boom - 20th February 2008
Foundry equipment makers from Europe are keen on boosting their Indian operations in light of plans by global firms to source castings from the country and the subsequent investments by the industry,.
“To cash in on the export opportunities, Indian foundries have to invest in high pressure moulding lines, tooling and proto-typing, automated core lines, waste heat recycle system, good pollution control measures, ensuring adequate deliverable volumes and satisfying pollution norms,” V Mahadevan, president, Institute of Indian Foundrymen, said.
Source: Business Standard
CLICK HERE FOR MORE INFORMATION
India arm helps Tesco take on Wal-Mart in US - 12th February 2008
When Tesco, the £46.6 billion UK retailer, entered the US market in November, it was in a way taking on lion Wal-Mart in its own den. It had a major weapon in its armoury which Wal-Mart did not have — an India back office to cut costs.
To differentiate itself from Wal-Mart, Tesco, through its Fresh & Easy chain, has gone in for convenient neighbourhood stores which stock fresh foods, which is not a thrust area for Wal-Mart. But cost is one area where the two cannot avoid clashing, and this is where Tesco Hindustan Service Centre steps in.
Source: Business Standard
CLICK HERE FOR MORE INFORMATION
Telecommunication companies can now share their active infrastructure - 21st February 2008
The department of telecommunications (DoT) has approved industry regulator Trai’s recommendations to allow service providers share active infrastructure. The move will help telcos to lower tariffs and reduce their expenditure by well over 50%.
At present, Indian telecos are permitted to share only passive infrastructure like towers, repeaters, shelters and generators. Sharing of active infrastructure will allow operators to share key electronic components such as antennas, feeder cables, nodes, radio access network, transmission systems and backhaul.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
Tata to invest US$ 2 billion for global expansion - 13th February 2008
Tata Communications said on Wednesday more than 2 billion dollars over the next three years to fuel its global expansion plans.
In a filing to the Bombay Stock Exchange, the company said it is in the process of completing additional submarine cables systems connecting emerging Markets across the world.
Source: The Financial Express
CLICK HERE FOR MORE INFORMATION
Top of page
Pune to become largest education hub - 13th February 2008
Lured by picturesque surroundings and proximity to infotech hubs, institutes are moving in to Lavale village, near Pune.
While the controversies over Special Economic Zone (SEZ) proposals continue across the country, a small village located in a valley near Pune is fast developing as a Special Education Zone.
Source: Business Standard
CLICK HERE FOR MORE INFORMATION
Open sky policy extended till February-end - 5th February 2008
In a move to encourage India-bound tourists, the government has extended the limited open sky policy to February. The policy -- which allows foreign airlines to deploy additional capacity during the peak season -- was originally limited to December and January.
Extension of permission for additional capacity deployment in February too would allow all foreign carriers such as Emirates, Lufthansa and Singapore Airlines to offer more seats with extra flights and larger aircraft.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
HUL greens barren village - 5th February 2008
Creating effective water harvesting solutions help farmers sow crops throughout the year, reduce migration and raise per capita income.
For Bhairav Patil, a farmer in the hilly terrain of Parkhed village in the Vidarbha region, one crop per year was the maximum he could reap from his one acre of land.
Source: Business Standard
CLICK HERE FOR MORE INFORMATION
BT sector to occupy 140 million square feet by 2010 - 12th February 2008
The Indian biotech industry is set to grow and occupy 140 million square feet by 2010.
“Even though the country presently holds a minimal market share of 2 per cent of the global biotech market, it has immense potential to develop as a key player by 2010 and is expected to generate $5 billion revenues, creating employment for a million by 2010 through its products as well as services,” said international real estate consultants Cushman & Wakefield in its ‘Bio Reality in India Report 2008’.
Source: Business Standard
CLICK HERE FOR MORE INFORMATION
Top of page
E-issuance of bonds may get duty waiver - 13th February 2008
The finance ministry is considering a proposal to abolish the stamp duty on electronic issuances of bonds and debts by corporate houses.
Capital market regulator Securities and Exchange Board of India (Sebi) had, last week, proposed the abolition of stamp duty for such debt issues in the forthcoming Union Budget.
Source: Business Standard
CLICK HERE FOR MORE INFORMATION
Made in India - 3rd February 2008
Driving through the American countryside, an Indian visitor was taking in the sights when something caught his eye. Amid the vast, rolling fields was a farmer riding a Mahindra tractor. Conceptualised and designed at Mahindra and Mahindra's R&D centre in Mumbai, this made-in-India farm vehicle has managed to grab 6% of US market share in its segment. And now it's making inroads into mark-ets as diverse as Europe and Sri Lanka.
Source: The Times of India
CLICK HERE FOR MORE INFORMATION
Interior designing market set to register 60 per cent growth - 6th February 2008
The interior designing market in India is all set to register a 60 per cent growth rate this year. With the real estate sector expected to grow by 40-45 per cent, the interior designing market is catching up fast.
Source: The Hindu Business Line
CLICK HERE FOR MORE INFORMATION
India to have 500 airports by 2020 - 6th February 2008
India's Civil Aviation Ministry has set a target of having 500 operational airports in the next 12 years, according to a report by Centre for Asia Pacific Aviation (CAPA).
CAPA said this will include the ongoing redevelopment of currently unused airports or little used airports and development of greenfield and cargo airports.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
Top of page
India is West’s top side story for ad shoots - 3rd Febrauary 2008
From almost a non-existent market five years ago, India today has become the hub for outsourcing TV commercials with one-third market share. That’s because the US and the countries in western Europe find India the cheapest among low-cost destinations.
Source: The Financial Express
CLICK HERE FOR MORE INFORMATION
GDP growth at 18-yr high - 1st January 2008
The Economy grew an impressive 9.6% in 2006-07, the highest in the past 18 years. Releasing the revised estimates here on Thursday, finance minister P Chidambaram said the government was confident of achieving "a close-to-9%" growth rate in the current fiscal.
This translates into an almost Rs 1,700 rise in every Indian's annual income. Per capita income, or the income each citizen would receive if national income were equally distributed, grew at 8.1% to Rs 22,553 in 2006-07, from Rs 20,858, in 2005-06
Source: The Financial Express
CLICK HERE FOR MORE INFORMATION
Agri-biotech sector grows at 30% - 30th January 2008
Backed by the government, the industry logs Rs 926 cr sales in 2006-07.
The agri-biotech sector in India is growing at 30 per cent for the last five years, and it is likely to maintain the growth in the future as well, says a Rabobank report titled “Indian agri-biotech sector: Emerging scenario, issues and challenges”.
The country made its entry into agri-biotech in early 2002 with the government giving its nod for commercial cultivation of Bt cotton. Since then, agri-biotech continues to be the fastest growing industry among all the biotech industries in the country.
Source: www.businessstandard.com
CLICK HERER FOR MORE INFORMATION
Prime Minister to Establish Global Advisory Council of PIOs - 8th January 2008
Expressing desire to benefit from the skill reservoir of overseas Indians, Dr Manmohan Singh, Prime Minister of India, called upon them to be active partners in India's progress and prosperity. He was delivering the Inaugural Address of the 6th Pravasi Bharatiya Divas, jointly organized by the Ministry of Overseas Indian Affairs, the Government of the NCT of Delhi, and the Confederation of Indian Industry (CII) being held in New Delhi from 7 to 9 January 2008. Dr. the Hon. Navinchandra Ramgoolam, Prime Minister of Mauritius, was the Chief Guest for the Inaugural Session.
Source: CII Press Release
CLICK HERE FOR MORE INFORMATION
Top of page
CII Inks Pacts on Skills & Innovation during UK PM's visit - 20th January 2008
The Confederation of Indian Industry (CII) has signed two pacts with UKSkills and i2india Holdings, focussing on skills and innovation, respectively, on the occasion of the visit of Rt Hon Gordon Brown MP, Prime Minister of the United Kingdom to India, on Sunday, 20 January 2008. The signings took place in the presence of UK Secretary of State for Business, Enterprise and Regulatory Reform, the Rt Hon John Hutton MP, Indian Minister of Commerce and Industry, Mr Kamal Nath, Indian Minister of State for Industry, Mr Ashwani Kumar and the President of CII, Mr Sunil Bharti Mittal.
Source: The Confederation of Indian Industries
CLICK HERE FOR MORE INFORMATION
Doing Business 2008 - India
The following pages present the summary Doing Business indicators for India along with the comparator economies selected. The data used for this country profile come from the Doing Business database and are summarized in graphs and tables. This report allows a comparison of the economies not only with one another but also with the “best practice” economy for each indicator.
Source: World Bank Group
CLICK HERE FOR MORE INFORMATION
Government gives in principle approval for spectrum allocation - 10th January 2008
The government on Thursday gave in-priniple approval for allocation of spectrum to GSM operators who have been waiting for frequency since 2006, CDMA players entering the GSM segment and to new aspirants in that order.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
Confusion over Malaysia jobs ban - 9th January 2008
A Malaysian cabinet minister has denied reports that his government has imposed a ban on migrant workers from India Officials earlier confirmed they had stopped granting visas to Indian workers, in a move said to be linked to rallies by Malaysian Indians last year.
Source: BBC News
CLICK HERE FOR MORE INFORMATION
Top of page
CCI Business Bulletin - 7th January 2008
India Economy, Policy watch, Industry Watch, etc... A week's summary of various business news, specially compiled as a value added service by Corporate Catalyst (India) Pvt Ltd - 'CCI'
Source: Corporate Catalyst India
Auto part investments to treble in 3 years - 18th December 2007
Domestic auto component companies are investing Rs 30,000 crore to cash in on the automobile boom. Automobile capacity in the country will double from 2.2 million unit per annum to 4.4 million by 2010.
Sanjay Labroo, president, Automotive Component Manufacturers' Association (ACMA), said: "The industry will invest Rs 30,000 crore in the next two years. Last year, we did a business of Rs 62,000 crore and this year we will do a business of 71,000 crore."
Source: Business Standard
CLICK HERE FOR MORE INFORMATION
India Economic: Monthly Economic Report - 30th December 2007
Mid year review of the Indian Economy for FY07-08 presented to the Indian Parliament. It indicates a growth of 9.1 per cent during the first half. However managing copious capital inflows could be a problem.
Source: Foreign & Commonwealth Office
CLICK HERE FOR MORE INFORMATION
Organic farming gains momentum in India - 3rd January 2008
Four-fold rise targetted to take area beyond 2 million hectares by 2012.
Organic agriculture movement is gaining in momentum in the country. The area under organic cultivation is likely to cross the 2 million hectare mark by 2012, according to National Centre for Organic Farming (NCOF), a body under the Union Ministry of Agriculture.
Source: Business Standard
CLICK HERE FOR MORE INFORMATION
Videocon to invest US$ 5 billion on building three power projects - 26th December 2007
Consumer electronic maker Videocon Industries on Wednesday said it will set up thermal power projects aggregating 5,000 MW in Gujarat, West Bengal and Chhattisgarh along with a international player.
The company plans to invest $5 billion on building three power plants.
Source: livemint.com
CLICK HERE FOR MORE INFORMATION
Top of page
India growing as preferred destination for clinical trials - 17th December 2007
India is growing as a preferred destination for global clinical trials and research, with the market being estimated to reach $1.5 billion by 2010, which may trigger a shortage of around 30,000 to 50,000 clinical research professionals by then.
Source: livemint.com
CLICK HERE FOR MORE INFORMATION
Forex Reserves to touch US$ 300 billion: IEG - 30th December 2007
On the back of robust foreign inflow due to sub-prime and other crises in the West, India's foreign exchange reserves are expected to rise by USD 100 billion to touch USD 300 billion mark by the end of current fiscal, the Institute of Economic Growth (IEG) has said.
Source: The Financial Express
CLICK HERE FOR MORE INFORMATION
UK: India Inc's favourite destination for acquisition - 23rd December 2007
India was truly the flavour of the year 2007 in the UK and the two countries are poised to further consolidate their relations with Gordon Brown expected to embark on his maiden visit to New Delhi as Prime Minister next month.
Though there has been a change of guard at No. 10, Downing Street, with Brown taking over from Tony Blair in June this year, the UK's focus on India never diminished and instead it was on the rise.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
India among 5 nations sharing half of world production - 18th December 2007
Five countries - the US, China, Japan Germany and India - account for nearly half of the world's GDP as measured by buying power in US dollars, according to a new World Bank report.
The new data released on Monday shows the world economy produced goods and services worth almost $55 trillion in 2005 and that almost 40 per cent of the world's output came from developing economies.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
Top of page
IT sector gets investment plans worth US$ 25 billion - 14th December 2007
India's efforts to emerge as a hi-tech manufacturing hub has just got the much-needed leg up. The department of information technology (DIT) has received investment proposals worth over $25 billion (Rs 1 lakh crore) from 17 Indian and multinational companies, including Reliance Industries, Tata BP Solar and US-based Solar Semiconductor.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
Volvo in truck JV with Eicher for CVs - 11th December 2007
Swedish truck giant AB Volvo is acquiring a 50% economic interest in Eicher Motors' (EML) commercial vehicles business, which is being spun off into a new joint venture (JV) company.
Volvo will invest $350 million for a 45.6% stake in the JV. In addition, it also intends to acquire 8.1% stake in EML from its Delhi-based promoters for an undisclosed amount, which will take its direct and indirect ownership to 50% of JV company. ET broke the story in its Monday edition. EML will directly hold 54.4% in the joint venture.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
Foreign IT firms growing fastest in India - 13th December 2007
For many like IBM it's where they have the biggest staff and are getting the big returns.
India is among the fastest-growing markets for a majority of leading information technology (IT) multinationals (MNCs). Most MNCs do not discuss India figures - except for Dell and IBM.
However, industry estimates peg the turnover of MNCs like Dell, Intel, Microsoft and IBM at much over the half-billion dollar mark. Firms like Cisco are said to have crossed the billion-dollar mark in domestic sales in 2006-07, and a player like HP India is estimated to have an India turnover that is around $2.5 billion.
Source: Business Standard
CLICK HERE FOR MORE INFORMATION
India retains top offshoring slot: Gartner - 11th December 2007
India continues to be the undisputed leader in offshore services owing to government support, English language capabilities and low cost of doing business.
However, China, Russia, Brazil and eastern European countries are increasingly providing credible alternatives, according to a recent research from Gartner Inc.
Source: The Hindu Business Line
CLICK HERE FOR MORE INFORMATION
Top of page
Chocolate sales riding high on booming economy - 11th December 2007
Sale of chocolates in India is on a swell, thanks to the economic boom and a rise in consumer spending. Happy Indians are going mall hopping, shopping and are buying chocolates like never before-chocolate sales grew 15% to Rs 1,200 crore (36,000 tonnes) in 2007. So, while the big players like Cadbury and Nestle are making merry, smaller chocolate makers with brands having only local or neighbourhood appeal are going national . Companies like Sweet-World , Candico and Chocolatiers have taken the ‘malls and multiplexes’ route to up the ante.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
Parking lots to earn US$ 1.39 billion per year by 2010 - 9th December 2007
Parking lots in five big cities could fetch Rs3,281 cr while those in other cities Rs1,732 cr and onsite ads in parking areas could collect additional revenue of Rs501 cr.
With one among 10 Indians already owning a motor vehicle, parking lots in the country could earn an estimated Rs5,500 crore annually by 2010.
According to an estimate by ‘Dare´, a magazine for enterpreneurs, parking lots in five big cities could fetch Rs3,281 crore while those in other cities Rs1,732 crore. Onsite advertisements in parking areas could collect a revenue of another Rs501 crore.
Source: livemint.com
CLICK HERE FOR MORE INFORMATION
Government to give breather on indirect foreign holding - 4th December 2007
The government is planning to exempt investments by PSU banks and financial institutions (FIs) with foreign stake from calculation of indirect foreign equity holding in an Indian company . The move comes as a relief to companies in which public sector banks or FIs hold stake.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
Wealth managers court Indian diaspora - 2nd December 2007
After Bollywood, it’s now the turn of wealth management companies to sing the NRI tune. With India emerging as a lucrative market for investors globally, wealth management companies are now targeting the Indian diaspora to invest in the India story.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
Top of page
3G policy paves way for foreign players - 13th December 2007
Mobile users in India will finally have access to high-end data applications on their mobile, including high speed interactive gaming and internet access, video conferencing, video streaming and various other multi-media features.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
India leads in PE inflows among emerging markets - 7th December 2007
India has attracted the highest private equity (PE) investments at $10 billion in 2007 so far in the emerging economies including China. According to an India-focused cross-border advisory firm IndusView, China attracted $8.3 billion during the same period.
Source: The Economic Times
CLICK HERE FOR MORE INFORMATION
CCI Business Bulletin - 7th January 2008
India Economy, Policy watch, Industry Watch, etc... A week's summary of various business news, specially compiled as a value added service by Corporate Catalyst (India) Pvt Ltd - 'CCI'.
Source: Corporate Catalyst India
CLICK HERE FOR MORE INFORMATION
Top of page | 
