Invest Now Newsletter
India Brand Equity Foundation CCXXXV February 10, 2014
In This Issue
- Policy / Corporate Briefs
- Conversations on Brand India
- Focus (Electronics)
- Focus (Power)
- Interview
||Your Excellency||,

India's Mr Satya Nadella recently become CEO at software giant Microsoft. With his promotion, 10 Indian origin CEOs at global corporations manage businesses worth about US$ 350 billion. According to human resource experts, professionals in India have become global professionals. The technical skills and the behavioural patterns of Indians executives make them very much adaptable to any kind of situation they come across.

Further, foreign institutional investors (FII) and non-resident Indians (NRIs) can now invest in the insurance sector, within the overall 26 per cent cap on foreign direct investment (FDI). Apart from insurance companies, the relaxation would apply to insurance brokers, third-party administrators (TPAs), surveyors and loss assessors. All of this investment can be made under the automatic route, according to the department of industrial policy and promotion (DIPP).


Aparna Dutt Sharma
CEO
India Brand Equity Foundation

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Ordinary Indians, Extraordinary Enterprise
POLICY / CORPORATE BRIEFS
Govt allows FIIs, NRIs to invest in insurance sector
Mumbai: Foreign institutional investors (FII) and non-resident Indians (NRIs) can now invest in the insurance sector, within the overall 26 per cent cap on foreign direct investment (FDI). Apart from insurance companies, the relaxation would apply to insurance brokers, third-party administrators (TPAs), surveyors and loss assessors, according to the Department of Industrial Policy and Promotion (DIPP).
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10 Indian-origin CEOs now manage business worth US$ 350 billion
New Delhi: India's Mr Satya Nadella recently become CEO at software giant Microsoft. With his promotion, 10 Indian origin CEOs at global corporations manage businesses worth about US$ 350 billion.
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Cabinet panel nod for Vodafone FDI, other proposals
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) has approved several proposals including the proposal of CGP India Investment to increase foreign equity in Vodafone India to 100 per cent from 64.38 per cent.
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French firm Atos to double India headcount
Mumbai: French technology major Atos plans to double its employee strength in the country by 2016 as it expects higher demand for offshore IT services. The company plans to have 20,000 staffers on its rolls in India over the next three years from 10,000 currently, said Mr Milind Kamat, CEO, Atos India.
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Hilton signs agreement with K Raheja Constructions to open first Conrad hotel in India
Mumbai: Hilton Worldwide has signed a management agreement with Palm Grove Beach Hotels Pvt Ltd, hospitality arm of K Raheja Constructions Group, to open the first Conrad hotel in India. Conrad – the luxury brand of Hilton Worldwide - will be launched in Pune, Maharashtra next year.
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Sikkim becomes first state to achieve 100% sanitation
New Delhi: Sikkim has become India's first state with 100 percent sanitation coverage, according to a report of the drinking water and sanitation ministry. "The state has also sensitized people to adopt a holistic approach to improve sanitation and hygiene for a clean environment while accelerating overall development in the state," according to the Government of Sikkim.
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Deakin University ties up with IIT Madras
Chennai: Deakin University, Australia, has broadened its research link in India through a new partnership with Indian Institute of Technology, Madras (IIT-M). Ten students undertaking higher degrees by research will collaborate on materials, engineering and manufacturing projects under a memorandum of understanding (MoU) signed by Ms Jane den Hollander, Vice Chancellor, Deakin and Mr Bhaskar Ramamurthi, Director, IIT-M.
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Volkswagen to set up Rs 1,500-cr plant in India
Greater Noida: To boost sales in India, German auto maker Volkswagen is planning to expand production capacity and introduce a slew of new models. The Group is also looking at investing Rs 1,500 crore (US$ 241.19 million) over the next five years to set up a diesel engine manufacturing facility.
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CONVERSATIONS ON BRAND INDIA
"The expected phenomenal rise in the total inventory in the domestic hospitality sector is expected to make the sector future ready."

Aparna Dutt Sharma
Chief Executive Officer
India Brand Equity Foundation
India: Hospitality sector getting future ready

India: Hospitality sector getting future ready
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FOCUS (ELECTRONICS)
Big boost to electronics sector in Karnataka
Bengaluru: The Government of India has given an in-principle approval for setting up of the first electronic system design and manufacturing (ESDM) cluster development in Electronics City, Bengaluru. The ESDM project will come up on a 1.16 acre of land at an investment of approximately Rs 85 crore (US$ 13.57 million).
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India receives Rs 65,000 crore investment proposals for semiconductor and electronics manufacturing
Bengaluru: The Department of Electronics and Information Technology (DeitY) has received investment proposals worth Rs 65,000 crore (US$ 10.37 billion) in the area of semiconductor and electronics manufacturing.
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FOCUS (POWER)
Singapore's Sembcorp to acquire Gayatri's 45% stake in NCC Power
New Delhi: Singapore-based Sembcorp Industries has signed a conditional agreement to acquire 45 per cent stake in NCC Power Projects (NCCPP), which is currently building a 1,320 megawatt (MW) coal-fired power plant in Andhra Pradesh with an investment worth Rs 848 crore (US$ 135.93 million).
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Borg Energy to invest $45 m in India
Chennai: Borg Energy India Pvt Ltd will invest US$ 45 million in rural electrification and EPC projects over next six months. The Indian subsidiary of Borg Inc of the US will power over 18,000 homes in northern India with solar power plants and solar farm master series controller for irrigation projects.
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INTERVIEW
Mr Chris Daniels, Vice-President-Business Development, Facebook Inc, on localisation of Facebook experience key part of growth in India
"India has emerged as the second largest country, after the US and Canada put together, in terms of user base. It's one of the key markets for us. We have 93 million active users in India, of which 75 million are mobile-active (monthly) users."
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Mr Kumar Galhotra, Vice President-Engineering, Ford Motor Co, on Ford to invest US$ 2 billion in India
"We have committed to invest $2 billion in India and about a billion of that is in Sanand in the two plants that we are building, the engine plant and the assembly plant, and we will create thousands of jobs and that plant is going to be a key part of our future growth in India."
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