India Now Newsletter
India Brand Equity Foundation CCXC February 04, 2013
In This Issue
- Policy Watch
- Economy & Enterprise
- Conversations on Brand India
- People of the Week
- Sustainable Development
- Special: Freight
- Fact for the day
- Quote for the day
The Indian Government's fiscal consolidation roadmap would help in getting back to a high growth trajectory of 8-9 per cent in the years ahead, according to Asian Development Bank (ADB). The bold economic reforms undertaken by the Government, coupled with Quantative Easing (QE3) in the US and settlement of impending uncertainty over eurozone, are positive indicators for the Indian economy.

Also, manufacturing growth, industrial growth, rise in investment from foreign institutional investors (FIIs), and stock market testing 20,000 levels (highest in two years), bear testimony to the fact that India's growth story continues to gain momentum.

India's macro-economic situation a young population and other advantages such as growing global competitive edge of India Inc, is cementing its position as a country with strong growth potential.

Aparna Dutt Sharma
Aparna Dutt Sharma
CEO
India Brand Equity Foundation

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FACT FOR THE DAY
Power solutions provider Su-Kam Power Systems has installed India's first solar street lighting project in Tamil Nadu

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QUOTE FOR THE DAY
"India is a country of 1.3 billion people and the number of high net worth individuals in India is growing. Of course, it is an important strategic market for Lamborghini."
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Andrea Baldi
Head - Operations, South East Asia and Pacific at Automobili Lamborghini Asia-Pacific
Innovation from India
POLICY WATCH
Firms in hotel sector can now tap external commercial borrowings
Mumbai: Indian companies in the hotel sector, with a total project cost of Rs 250 crore (US$ 46.89 million) or more, irrespective of their geographical location, have been allowed to take the external commercial borrowing (ECB) route.
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Weaving to get more TUFS funds in 12th Plan
Mumbai: The Ministry of Textiles is planning to lay more emphasis on the weaving sector under the Technology Upgradation Fund Scheme (TUFS). The scheme, in its new form in the 12th Five-Year Plan, will include more incentives for the sector.
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ECONOMY & ENTERPRISE
India is among top five tourism source markets for South Africa
Bengaluru: India is among the top five tourism source markets for South Africa - it was revealed at a roadshow recently held in the city. "Over the years we have witnessed a continuous increase in Indian tourist arrivals, making India one of the key markets for us", said Ms Hanneli Slabber, country head of SA Tourism, India.
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India and Spain agree to enhance research, cooperation and technologies in the field of RE
New Delhi: India and Spain, represented by Dr Farooq Abdullah, Minister for New & Renewable Energy (MNRE), and Ms Carmen Vela Olmo, Minister of State for Research, Development and Innovation, respectively, have agreed to enhance research, cooperation and technologies in the field of renewable energy (RE).
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Approval for ONGC Videsh Limited's acquisition of participating interest in ACG Fields in Caspian sea sector and BTC pipeline in Azerbaijan
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) has given its approval to authorise ONGC Videsh Ltd (OVL) to acquire participating interest owned by Hess Corporation's wholly-owned subsidiaries in upstream and midstream oil and gas assets in Azerbaijan.
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Teva Pharma, P&G sets up world's largest OTC plant in Gujarat
Ahmedabad: Israel-based Teva Pharmaceuticals will set up world's largest over-the-counter (OTC) medicine facility in Gujarat in collaboration with Procter & Gamble (P&G). The facility would focus on OTC product manufacturing and will initially cater domestic and Asia Pacific markets.
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Eastern Mattresses forms joint venture with S. African firm
Kochi: Eastern Mattresses Pvt Ltd, which owns Sunidra brand of mattresses, has announced the formation of a joint venture (JV) with Bam Furn Holdings, South Africa (BFH). The JV International Sleep Solutions Pvt Ltd (ISSPL) will manufacture and market spring mattresses across the country and abroad.
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HCL Tech in multi-million dollar deal with Cobham
New Delhi: HCL Technologies has entered into a, multi-million dollar engineering services agreement with UK-based Cobham, a technology company serving the aerospace and defence industry. As part of the engagement, HCL will support multiple Cobham sites across the globe with a range of services hardware, software, embedded, mechanical and testing.
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Farida Group sets up tannery in Ethiopia
Chennai: Farida Group has established a tannery in Ethiopia to cater to export market and, if required, for imports into India. The group is among the largest exporters of footwear and makes leather footwear for leading international brands.
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Malabar Gold to invest Rs 1,000 cr in expansion
Hyderabad: Malabar Gold and Diamonds will invest Rs 1,000 crore (US$ 187.53 million) in expansion before December 2013. "Most of the investment will go into increasing number of our stores to 120 by end of this year," said Mr O Asher, Executive Director, Malabar Group.
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CONVERSATIONS ON BRAND INDIA
"The huge market base and growth potential has continued to attract many players, domestic and international, over the past few years and can be expected to see a lot more dynamism in the near future."

Aparna Dutt Sharma
Chief Executive Officer
India Brand Equity Foundation
Rise of online buying in India

Rise of online buying in India
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PEOPLE OF THE WEEK
Indian-origin author wins Asian literacy prize
New Delhi: Jeet Thayil, an Indian-origin author, has won the DSC Prize for South Asian literature for his Booker-nominated debut novel 'Narcopolis', which is about drug addiction in Mumbai. Thayil, who received a cash prize of US$ 50,000, is the first Indian to win the prize.
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Indian researcher at Stanford paves way for total TB cure
New Delhi: In a significant breakthrough in the fight against tuberculosis (TB), Bikul Das, an Indian researcher at Stanford University, has discovered the reasons for the difficulty in complete elimination of the TB bacteria even after rigorous treatment.
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SUSTAINABLE DEVELOPMENT
India, EU sign pact to recycle waste water
Patancheru (Medak): India and the European Union (EU) have signed a Rs 80 crore (US$ 14.93 million) agreement to recycle industrial and domestic waste water to provide water for irrigation purposes. The two sides would also work on other products that come out of waste water and also on the efficient use of water under the Water4Crops-India project.
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Suzlon wins order for 22 MW of turbines
Pune: Wind turbine maker Suzlon Energy has signed a contract for a 21.75 megawatt (MW) project with Sri Kumarswamy Mineral Exports Private Limited (SKMEPL), Bellary. The project comprises nine units of Suzlon's S66 1.25 MW and five units of Suzlon's S88 2.1 MW wind turbines, and is set to be commissioned in the Dindigul and Tirunelveli district of Tamil Nadu by March 2013.
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SPECIAL: FREIGHT
Tata Projects, Aldesa bag Rs 3,300-cr freight corridor project
New Delhi: A consortium of Tata Projects and Spanish firm Aldesa has secured a Rs 3,300 crore (US$ 613.32 million) civil works contract to build a rail track between Bhaupur and Khurja in Uttar Pradesh, a 343-km segment of the dedicated eastern freight corridor.
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Kerala industrial body sets up container freight station at Kalamassery
Kochi: With the objective of tapping growing business opportunities from the Vallarpadam Terminal, the State-owned Kerala State Industrial Enterprises (KSIE) has set up a container freight station at Kalamassery.
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