India Now Newsletter
India Brand Equity Foundation CCLXXXVIII January 07, 2013
In This Issue
- Policy Watch
- Economy & Enterprise
- Conversations on Brand India
- People of the Week
- Sustainable Development
- Special: Cement
- Fact for the day
- Quote for the day
The last fortnight has significantly reconfirmed the positive trend for India, Asia's second largest economic powerhouse.

The value of announced mergers & acquisitions (M&A) deals involving Indian companies stood at US$ 43.4 billion in 2012, a 12 per cent rise compared to 2011; India's manufacturing sector growth expanded to a six-month high in December 2012, according to the HSBC Purchasing Manager's Index (PMI), which stood at 54.7; and, foreign tourist arrivals (FTA) in India till November 2012 grew by six per cent year-on-year, according to Ministry of Tourism estimates.

And, adding to the growth momentum is the fact that the Indian mobile internet market has significant growth potential. From 87.1 million mobile internet users in December 2012, the number is expected to increase to 130.6 million users by March 2014, according to a recently released report.

Aparna Dutt Sharma
Aparna Dutt Sharma
CEO
India Brand Equity Foundation

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World Economic Forum Annual Meeting 2013
FACT FOR THE DAY
India's first manned space mission is in its advanced stage, as the Indian Air Force (IAF) develops necessary parameters to select the right candidates.

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QUOTE FOR THE DAY
"To get into the IITs and IIMs, the exams Indian students take are probably the most competitive in the world and a fraction of the ones who take the examination make the cut...these are exceedingly smart people"
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Philip G Altbach
Author, Researcher and Professor at Boston College
Innovation from India
POLICY WATCH
SEBI further relaxes FII debt allocation method
New Delhi: Capital market regulator Securities and Exchange Board of India (SEBI) has said the re-investment facility for foreign institutional investors (FIIs) and sub-accounts will also be applicable for limits acquired even before January 2012.
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Manmohan unveils new policy to raise R&D spend
Kolkata: India's Prime Minister Dr Manmohan Singh has unveiled the country's new Science, Technology and Innovation policy. The policy plans to trigger an "ecosystem for innovative abilities" and achieve gender parity in science technology and innovation activities.
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ECONOMY & ENTERPRISE
India M&A activity up 12% in 2012
Bengaluru: The value of announced mergers & acquisitions (M&A) deals involving Indian companies stood at US$ 43.4 billion in 2012, a 12 per cent rise compared to 2011. M&A volume in the quarter ended December 2012 stood at US$ 17 billion, a rise of 99 per cent as compared to the previous quarter and a 362 per cent rise from the year-ago period.
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Factory output grows to 6-month high, says HSBC index
Mumbai: India's manufacturing sector growth expanded to a six-month high in December 2012, according to the HSBC Purchasing Manager's Index (PMI), which stood at 54.7. The rise is estimated to have come from an increase in total new work, which rose in line with the launch of new products and strengthening demand.
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Foreign tourist arrivals grew 6% y-o-y
New Delhi: Foreign tourist arrivals in India till November 2012 grew by 6 per cent year-on-year, according to Ministry of Tourism estimates. During the period January-November 2012, 58.99 lakh tourists visited India against 55.72 lakh in 2011.
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Mobile internet users to touch 130-million in a year
New Delhi: India, which had 87.1 million mobile internet users in December 2012, will have 130.6 users by March 2014, according to a joint study by the Internet and Mobile Association of India (IAMAI) and IMRB (Indian Market Research Bureau).
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Suven Life gets three patent approvals for CNS molecules
Suven Life Sciences Ltd (Suven) has announced that it has secured three product patents for its New Chemical Entities (NCEs) in Eurasia and Canada. The patents received are for the pipeline of molecules in central nervous system (CNS) arena, and valid through 2027.
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IIM-Raipur signs MoU with France's B-school
Mumbai: Indian Institute of Management, Raipur, has signed a Memorandum of Understanding (MoU) with France-based Grenoble Ecole de Management for student and faculty exchange programmes, collaborative research projects and organisation of joint academic and scientific activities.
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Railways to invest Rs 5 lakh cr during 12th five year plan
New Delhi: The railways plan to invest Rs 5 lakh crore (US$ 90.85 billion) in capacity addition during the 12 Five-Year Plan (2012-17). About a fifth of this corpus will be raised by Indian Railway Finance Corp (IRFC) through market borrowings.
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CII to launch Indian Women Network
Chennai: Industry body Confederation of Indian Industry (CII) is all set to launch Indian Women Network (IWN), a networking platform for established as well as aspiring women professionals and entrepreneurs.
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CONVERSATIONS ON BRAND INDIA
"The kids wear segment in India is difficult to ignore today for any global or domestic name operating in this segment."

Aparna Dutt Sharma
Chief Executive Officer
India Brand Equity Foundation
No kidding!

No kidding!
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PEOPLE OF THE WEEK
Obama honours Indian-American pioneer of lasik eye surgery
Washington: US President Mr Barack Obama has honoured Indian-American Dr Rangaswamy Srinivasan, the pioneer of lasik eye surgery. Mr Obama named Srinivasan for The National Medal for Technology and Innovation, an award which ranks high in the American researchers' scroll of awards.
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Indian-American Srikanth Srinivasan re-nominated as federal Judge
New Delhi: Srikanth Srinivasan is the only Indian-American among the 33 federal judges who have been re-nominated by the US President Mr Barack Obama for the US Court of Appeals. "Today, I am re-nominating thirty-three highly qualified candidates for the federal bench, including many who could have and should have been confirmed before the Senate adjourned," Mr Obama said.
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SUSTAINABLE DEVELOPMENT
3,000 subsidized solar pumps for farmers
Jaipur: Inspired by the success of solar water pumps in the first phase, the State Government is set to roll out a number of pumps in next phase. With farmers able to save electricity and fuel (diesel) in as many as 14 districts, the state horticulture department will be distributing 3,000 solar water pumps across the state.
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Energy-saving targets soon for Govt departments
Hyderabad: The State Energy Conservation Mission of Andhra Pradesh Government is considering fixing annual energy saving targets on various departments, starting with energy, municipal administration and urban development, industries and agriculture.
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SPECIAL: CEMENT
Cement industry to add 30-40 mtpa in 2013
Mumbai: The cement industry is expected to add 30-40 million tonnes (MT) of capacity in 2013. Some of the major projects that will be completed during the year include ABG Shipyard's 3.3 million tonnes per annum (MTPA) at Kutch in Gujarat and Century Textiles' 2.5 MTPA at Chandrapur in Maharashtra.
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Ambuja Cements to invest Rs 2,000 crore in Rajasthan project
Kolkata: Ambuja Cements Ltd has come out with an investment plan of around Rs 2,000 crore (US$ 365.13 million) entailing enhancement of its cement capacities in Rajasthan and northern regions. The proposed project at Rajasthan would add five million tonne capacity to the company's total production.
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