India Brand Equity Foundation

CXXXVII

 March 19, 2007
 

India continues to be the best place to start business. AT Kearney's latest global services location index has ranked India favourably in its people assets in terms of education, experience and security of intellectual property.

The latest in line that want to participate in the India Story are businesses from Down Under. Australian businesses are hoping to cash in on the opportunities presented by India's phenomenal growth. According to an Australian government report released by Trade Minister Warren Truss, India's economy could rival the size of the largest European countries by 2020 and outstrip Japan by 2032 if the Indian Government continues with its reform agenda and sets growth-supporting policies.

In another positive projection for the Indian economy, US investment bank Lehman Brothers has said that India's economic growth rate will touch nearly 10 per cent in the year ending in March 2008, driven by robust investments and exports.

Jayant Bhuyan
CEO, India Brand Equity Foundation &
Deputy Director General, Confederation of Indian Industry
 
 
  POLICY WATCH
Foreign airlines may ply Indian skies
The Government may allow foreign airlines to acquire up to 26 per cent stake in domestic passenger airlines and the FDI limit in domestic carriers may be hiked to 74 per cent from 49 per cent now. [More]


  PEOPLE
Billionaires richer, Russia, India rise - Forbes
The world's richest are getting younger and richer with more Russians and Indians cropping up among the 946 people on Forbes magazine's 2007 billionaires list. [More]

Indian women fuel US small businesses
Immigrant women from India and other parts of the world are one of the fastest-growing segments of small business owners in the US, according to Intuit Inc's Future of Small Business Report. [More]


  Events


Forum for International Business
Schiffbau, Zurich
27 March, 2007 - 28 March, 2007

For more information on
these events Click Here. 


IBEF Newsletter

  ECONOMY AND ENTERPRISE
India most preferred business locale: AT Kearney report
India continues to be the best place to start business, says the latest global services location index by AT Kearney. [More]

Lehman sees GDP growth at 10 per cent in '07-08
India's economic growth rate will touch nearly 10 per cent in the next fiscal year ending in March 2008, driven by robust investments and exports, a senior Lehman Brothers economist said. [More]

For Australia, India's land of opportunities
After China, it is India that Australian businesses are looking to head to cash in on the immense opportunities that its phenomenal growth is expected to present over the next few decades. [More]

Fitch ups ratings for major Indian Banks
Global rating agency Fitch has upgraded its support ratings for several Indian banks, including ICICI Bank, HDFC, Punjab National Bank, Canara Bank, Bank of India and IDBI among others. [More]

India Inc lines up US$ 6.5 billion ECBs
India Inc's global march is driving it to look overseas for funding. It is set to raise nearly US$ 6.5 billion through external commercial borrowings (ECBs) in the next three months. [More]

India seventh largest steel producer in the world
International Iron and Steel Institute (IISI) has ranked India as the seventh largest steel producer in the world with an overall production of about 40 million tonnes in 2006. [More]

India tops remittance recipients' list
The inflows were growing at around 20 per cent every year, Western Union South Asia Managing Director Anil Kapur said. [More]

Industrial production up 10.9 per cent
Production at factories, utilities and mines increased 10.9 per cent from a year earlier, following December's revised 12.5 per cent gain, the Central Statistical Organisation has said. [More]

India adds 6.3 million new telephone users in February
Indian telecoms firms added 6.3 million new subscribers in February, taking the total user base above 203 million, a Government statement has said. [More]
    SPECIAL

Italian companies in India: Fiat India
Fiat, one of the first foreign automobile companies in India, has commissioned an assembly line in Ranjangaon with a capacity to produce more than 100,000 cars and 200,000 engines and transmissions per annum.

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QUOTE OF THE WEEK

 

 

"With the Indian economy showing 8-9 per cent growth over the years, more and more Japanese investors are becoming keen to invest in this emerging market."

Yoshihiro Hasegawa
Chief Representative
Daiwa Securities SMBC Co Ltd

 

  

 
    FACT OF THE WEEK
Indian subsidiaries of MNCs have posted a net sales growth of 22.10 per cent as against 9.75 per cent by parent companies. [More]
 
    SUSTAINABLE DEVELOPMENT
Green guide to healthcare
Hospitals are realising that it is time they shifted their focus from stylistic demands to the more 'sensible and intelligent' forms of architecture. [More]




 
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