Invest Now Newsletter
India Brand Equity Foundation CCXI March 11, 2013
In This Issue
- Policy / Corporate Briefs
- Conversations on Brand India
- Focus (Manufacturing)
- Focus (Telecommunications)
- Interview
Tourism in India is gaining importance and showing significant potential going forward. Foreign exchange earnings (FEEs) from tourism grew by 19.8 per cent in rupee terms in February 2013 as compared to February 2012, while foreign tourist arrivals (FTAs) showed a growth of 1.6 per cent during the same period. This implies an impressive growth in the exchange earnings/tourist, which is a positive sign for the industry.

India witnessed foreign direct investment (FDI) inflows of Rs 8,569 crores (US$ 1756 million) in the renewable energy sector during the last three years and current year (during the period from April 2009 to December 2012). The government has been promoting the sector rigorously with 100 per cent FDI being allowed through the automatic route to investors of renewable energy projects. Additionally, several fiscal and monetary incentives are also being provided to encourage investment.


Aparna Dutt Sharma
CEO
India Brand Equity Foundation

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Innovation from India
POLICY / CORPORATE BRIEFS
AirAsia's joint venture with Tata Group airline gets Foreign Investment Promotion Board's green signal
New Delhi: The Foreign Investment Promotion Board (FIPB) has cleared Malaysian low-cost carrier (LCC) AirAsia's proposal to form a budget airline in a joint venture (JV) with the Tatas and Telstra Tradeplace at an initial investment of Rs 80 crore (US$ 14.69 million).
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Government approves nine proposals of foreign direct investment amounting to about Rs 1,140.14 crore (US$ 209.36 million)
New Delhi: Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on January 21, 2013, the Government has approved nine foreign direct investment (FDI) proposals amounting to Rs 1,140.14 crore (US$ 209.36 million) approximately.
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Foreign exchange earnings from tourism increase by nineteen per cent
New Delhi: Foreign exchange earnings (FEEs) from tourism grew by 19.8 per cent in rupee terms in February 2013 over February 2012. Foreign tourist arrivals (FTAs) also showed a growth of 1.6 per cent during the same period.
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India surpasses China in HSBC's composite index in February 2013
New Delhi: Indian manufacturing and services sectors expanded more than China in February 2013, according to a survey by HSBC. The HSBC Emerging Markets Index (EMI) stood at 52.3 in February 2013. The HSBC composite index for India for manufacturing and services stood at 54.8 in February 2013, whereas for China it was 51.4.
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BS Enviro acquires 51% stake in Skywater India for water solutions
Hyderabad: BS Ltd through its subsidiary BS Enviro Solutions Ltd has announced the acquisition of 51 per cent stake in Harbinger Capital-promoted Skywater India. The company plans to invest about Rs 30 crore (US$ 5.5 million) over the next two years in the venture, which offers water generating machines.
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Elder Pharma inks pact with Japanese firm for cosmetics
Mumbai: With the objective of exploring the changing world of women's fashion and taste in cosmetics, Elder Pharmaceuticals has formed its maiden joint venture (JV) with Japan-based Kose Corporation. The Japan-based company will hold 60 per cent equity in the venture, and Elder the remaining 40 per cent.
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NERC and ESSO-MoES to strengthen UK-Indian collaboration in Earth Sciences and Environmental Research
New Delhi: The Natural Environment Research Council of the UK (NERC) and the Earth System Science Organization, Ministry of Earth Sciences of the Republic of India (ESSO-MoES) have agreed on a memorandum of understanding (MoU) to facilitate cooperation between the UK and Indian earth system science and environmental research communities.
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FDI worth 8569 crores in Renewable Energy Sector
New Delhi: India has seen foreign direct investment (FDI) inflows of Rs 8,569 Crores (US$ 1756 million) in the renewable energy sector during the last three years and current year (as on 31.12.2012). 100 per cent FDI through automatic route is available to investors of renewable energy projects.
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CONVERSATIONS ON BRAND INDIA
"The media and entertainment industry has witnessed phenomenal growth over the past few years in India and the trend is expected to continue in the coming years."

Aparna Dutt Sharma
Chief Executive Officer
India Brand Equity Foundation
Taking entertainment to a new level

Taking entertainment to a new level
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FOCUS (MANUFACTURING)
US glass major Corning to set up Rs 588 cr Pune facility
New Delhi: US-based specialty glass major Corning Inc has decided to invest about Rs 588 crore (108 million) for setting up an optical cable manufacturing facility at Chakan near Pune. It will provide employment to 270 persons.
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Mitsubishi Electric begins inverter assembly
Pune: Mitsubishi Electric India (MEI) has begun assembly of inverters for industrial and building applications at Pune. The facility will cater to requirements in India initially, and for export to South-East Asian markets, subsequently.
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FOCUS (TELECOMMUNICATIONS)
Telenor inks 5-year networks outsourcing deal with Alcatel-Lucent in India
Kolkata: Norway's Telenor has signed a five-year outsouring deal with France's Alcatel-Lucent for managing three GSM technology networks in western and southern India. Under the terms of the deal, the Paris-based telecom networks vendor will deliver end-to-end managed services to Telenor's wholly-owned Indian unit, Telewings Communications, in Gujarat, Maharashtra and Andhra Pradesh.
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Videocon to partner Nokia Siemens for 4G broadband network
New Delhi: Videocon Mobile Services plans to partner Nokia Siemens Networks (NSN) to roll out fourth generation (4G) technology based broadband services. Videocon had secured spectrum in seven telecom circles, including Madhya Pradesh, Chhattisgarh, Haryana, Gujarat, Uttar Pradesh (East and West), Bihar and Jharkhand at the auctions held in November 2012.
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INTERVIEW
Torbjorn Karlsson, Vice President (Sales), Asia Pacific, Bombardier on India being a significant market place for the company
"India is a significant market place for us... a growing number of Indians from the hinterland are getting accustomed to speed and convenience of air travel. I see regional air transport take off with SpiceJet connecting tier-II and-III cities.

India has a potential to become an aviation hub in the region... The Q-400s are doing extremely well. The opportunity size in India for these planes is clearly more than 15 and we clearly see potential for SpiceJet to deploy more Q-400s in the market."
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Mr H S Kim, Executive Vice President and Head, Visual Display Business, Samsung speaks on the potential of high end televisions in the Indian market
"India is a huge opportunity; Indian and Korean cultures are quite similar. Looking at the population, and your growth rate, we need to focus more here.

Eventually, India may become number one or two, because of the size of the country and your population... India is coming up very fast. That's why we expect a lot in India."
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