 |
|
|
India has become the largest petroleum products exporter in Asia, surpassing South Korea, according to the data compiled by oil and metal information provider Platts.
Significantly, the Consumer Affairs Ministry has allowed 49 per cent foreign direct investment (FDI) in multi-brand retail. India currently allows 100 per cent FDI in cash-and-carry operation and 51 per cent in single-brand retailing. |
| |
| Warm regards, |
| |
Aparna Dutt Sharma
CEO
India Brand Equity Foundation |
 | |
| |
| |
Focus: Small and Medium Enterprises (SMEs) |
|
|
|
The Sage Group Plc, a UK-based supplier of business management software solutions, has penetrated the huge Indian small and medium size enterprise market with its affordable and easy-to-use software solutions.
Similarly, Atlanta-based MFG.com, an online sourcing marketplace for manufacturers, has launched an entry level product for Gujarat-based SME units involved in manufacturing.
Furthermore, Zensar Technologies Ltd, a software services provider, has developed a web-based enterprise resource planning (ERP) solution to fulfill the specific needs of emerging Indian small and mid-size manufacturing companies. | |
| |
| |
| |
Focus: Renewable Energy |
|
|
|
The Ministry of New and Renewable Energy has signed power purchase agreements (PPAs) for solar capacity of about 100 mega watts (MW) to speed up solar power capacity addition in the country.
Significantly, power and automation technology major ABB has launched its fourth global wind power generator factory at Vadodara. The factory will supply wind power generators for Indian and global markets.
In a related development, Orient Group Power Company Ltd (OGPCL) has lined up investments to the tune of around Rs 4,000 crore (US$ 852.6 million) over the next 36 months to set up power production capacity of about 1,000 mega watt (MW). Of the 1,000 MW of additional power, 77 per cent will be wind energy, 22 per cent bio-mass and 1 per cent will be hydro power. | |
| |
| |
| |
Interview: James D Taiclet, Chairman and CEO, American Tower Corporation on company's further investments in India |
|
|
|
"We are targeting 10,000 towers by the end of 2011. Beyond that, we are capable, interested and open to doing deals in India, they just have to meet our criteria. We're generating $1 billion cash from our assets, and can borrow another half a billion without stressing our financials.
India, for example, is an attractive country because there are so many operators. It's attraction is not because lease rates for towers are lower, but because price of cell phone services is lower." | [More] |
| |
| |
| |
Interview: Tony Scott, Chief Information Officer, Microsoft on competition in the industry |
|
|
|
"I keep coming to India as we have the Delhi and Hyderabad centres here.
The Hyderabad centre's contribution to IT is big, and the team here delivers application development and support. The operations team is an important group... I can't speak for rest of the campus, but from the IT perspective, we're responsible for all internal applications and the teams do development to support the applications. The operations team manages networks and data centres as we move to cloud infrastructure. The Hyderabad team is in middle of all that." | [More] |
| |
| |
| |
| Policy/Corporate Briefs |
 |
|
|
|
| India is top exporter of petro products in Asia |
| India is now the largest petroleum products exporter in Asia, surpassing South Korea. According to the data compiled by oil and metal information provider Platts, India's gross exports currently average 1 million barrels a day, inching past South Korea which exports 0.9 million barrels a day. |
|
| Consumer Affairs Ministry says yes to 49% FDI in multi-brand retail |
| The Ministry of Consumer Affairs, Food and Public Distribution has given the green signal to allow 49 per cent foreign direct investment (FDI) in multi-brand retail. |
|
| Govt announces Rs 1,050-cr sops for exporters |
| The Union Minister for Commerce and Industry, Mr Anand Sharma, in the Annual Supplement to the Foreign Trade Policy, has unveiled various export policy support measures covering labour-intensive segments such as leather, handloom, and handicrafts, and some engineering sectors. |
|
| India is the favoured offshoring location for British firms |
| India is the favourite destination for offshoring by British companies, according to a recent joint study by the Chartered Institute of Personnel and Development and KPMG. |
|
| PC reach doubles in 3 years: Intel |
| The penetration of personal computer (PC) in India has doubled in the last three years and desirability continues to be on the upswing among the urban population, as per India Urban Consumer Segment Nationwide Study 2009-2010 conducted by Intel and IMRB. |
|
| Auto component sector to see 4-fold growth by 2020 |
| The Indian auto component industry expects to grow by over four-fold to US$ 113 billion by 2020, according to Automotive Component Manufacturers' Association of India (ACMA). |
|
| BSE arm signs pact with Australian Trade Commission |
| BSE Training Institute (BTI) has signed a memorandum of understanding (MoU) with the Australian Trade Commission for an international programme on financial markets. |
|
| Emerging logistics hub near Chennai |
| Indian logistics players such as DHL, Realtime Logistics, ShriKailash Logistics plan to set up their respective logistics hubs in Oragadam, close to Chennai. |
| |
|
|
 |
| |
|
