India Now Newsletter
India Brand Equity Foundation CCXCIII March 18, 2013
In This Issue
- Policy Watch
- Economy & Enterprise
- Conversations on Brand India
- People of the Week
- Sustainable Development
- Special: Oil & Gas
- Fact for the day
- Quote for the day
Indian companies are increasingly venturing abroad – across a broad range of sectors as well as geographies, driven by rising global aspirations. The overseas investment push by Indian companies is increasing. Indian companies invested US$ 1.65 billion abroad in February 2013, according to the Reserve Bank of India (RBI). Companies committed the money by the way of equity, loans and issuing guarantees to their wholly-owned subsidiaries and joint ventures (JVs) in foreign countries.

Rice exports are set to cross 10 million tonnes (MT) in the current financial year on robust demand from West Asia, Africa and South-East Asian countries. Last year, the total rice exports stood at 7.3 MT. India emerged as the world's largest rice exporter in 2012 overtaking Thailand with shipment of 9.75 MT.

Aparna Dutt Sharma
Aparna Dutt Sharma
CEO
India Brand Equity Foundation

Follow Us
@brands_India
Information on your twinger-tips

facebook.com/IBEFIndia
Like us on Facebook
FACT FOR THE DAY
India's First All Women Employees Post Office was inaugurated at Shastri Bhawan, New Delhi, by Mr Kapil Sibal, Union Minister of Communications & Information Technology.

Read more >>
QUOTE FOR THE DAY
"Volvo is excited about the opportunities in the luxury car market in India, which currently is just one per cent of the overall industry figure but has the potential to grow fantastically"
Follow Us
Tomas Ernberg
Managing Director, Volvo Auto India
Innovation from India
POLICY WATCH
Green Channel Facilities to Firms with a turnover of Rs 1,000 crore
New Delhi: The Government of India has decided to grant green channel status for Directorate General of Supplies & Disposals (DGS&D) Rate Contracts to public sector units (PSUs) and firms (Indian as well as foreign) having an average turnover of Rs 1,000 crore (US$ 183.57 million) or more during the last three years and making profit in any three years of the last five years.
Read more >>
CCEA approves two new port projects at Kolkata worth Rs 1,700 crore to boost capacity
New Delhi: The Cabinet Committee on Economic Affairs (CCEA) has approved two new projects to increase capacity of ports in the country. The projects to be set up at Kolkata Port will require an investment of Rs 1,700 crore (US$ 312.08 million). The Projects will increase the capacity of Kolkata Port Trust by 23.4 MTPA.
Read more >>
[Back to Top]
ECONOMY & ENTERPRISE
India Inc invested US$ 1.65 bn abroad in February: RBI
Mumbai: Indian companies invested US$ 1.65 billion abroad in February 2013, according to the Reserve Bank of India (RBI). Companies committed the money by the way of equity, loans and issuing guarantees to their wholly-owned subsidiaries and joint ventures (JVs) in foreign countries.
Read more >>
Visa on Arrival Scheme Registers A Growth of 54 Percent
New Delhi: During the month of February 2013, a total number of 1,947 Visas on Arrival (VoAs) were issued as compared to 1,259 VoAs during the month of February 2012, registering a growth of 54.6 per cent. As a facilitative measure to attract more foreign tourists to India, the Government had launched the VoA Scheme in January 2010.
Read more >>
Infosys bags BMW contract for infra management services
Bengaluru: Infosys has won a five-year deal from BMW Group for application basis infrastructure management services. Infosys will open a new delivery centre in Munich as part of its global service delivery team and cover services, such as maintenance and operations of the web infrastructure, content management and the business intelligence systems of BMW Group.
Read more >>
Share of goods exports rises to 17.7% of GDP
New Delhi: The share of India's merchandise exports has increased to 17.7 per cent in 2011-12 from 13.9 per cent in 2009-10. There has been a continuous upward movement of percentage share of merchandise exports in the overall GDP of India which shows that they played an important role in the economic development of the country, according to Mr D Purandeswari, Minister of State for Commerce and Industry.
Read more >>
H & R Johnson invests Rs 400 crore for expansion of tiles manufacturing facility
Chennai: H & R Johnson, a division of Prism Cement, is investing Rs 400 crore (US$ 73.38 million) for expanding its industrial tiles manufacturing facility at Dewas, Madhya Pradesh. With this, the company's capacity will go up to 54 million square meters per annum.
Read more >>
Rice exports set to cross 10 mt this fiscal
New Delhi: Rice exports are set to cross 10 million tonnes (MT) in the current financial year on robust demand from West Asia, Africa and South-East Asian countries. Last year, the total rice exports stood at 7.3 MT.
Read more >>
Wave Infra to invest Rs 500 cr in affordable housing
New Delhi: Wave Infratech will invest Rs 500 crore to set up its first affordable housing venture in the Delhi national capital region area, which will offer homes in a price range of Rs 14-18 lakh (US$ 25,851- US$ 33,233). The construction for the project, 'Dream Homes', will start this month at the company's integrated township - Wave City in Ghaziabad, Uttar Pradesh - and will be completed in three-four years.
Read more >>
JSPL to set up 1,500 MW plants in 5 African countries
Odisha: Jindal Steel & Power Ltd (JSPL) will set up 1,500 megawatt (MW) of greenfield power generating capacity across five African nations. "The company is going to set up 300 MW (2 x 150 MW plant) capacities each, across five African nations, including Senegal, Mozambique and Liberia," said a top JSPL executive.
Read more >>
[Back to Top]
CONVERSATIONS ON BRAND INDIA
"Being the second largest producer of scientists and engineers in the world, India is today well positioned in the research and development (R&D) industry in the world."

Aparna Dutt Sharma
Chief Executive Officer
India Brand Equity Foundation
India: The research hub

India: The research hub
Read more >>
[Back to Top]
PEOPLE OF THE WEEK
Indian-American named new head of Google's Android division
New Delhi: Mr Sunder Pichai, an Indian-origin IIT Kharagpur alumnus, has been named as the new head of Google's Android division. "Going forward, Mr Pichai will lead Android, in addition to his existing work with Chrome and Apps," said Mr Larry Page, the company's CEO.
Read more >>

Indian-American scientist approved president of University of Texas
New Delhi: Dr Vistasp M Karbhari, an eminent structural engineer, has been approved as the president of the reputed University of Texas at Arlington with effect from June 1, 2013. He is currently serving as the provost and executive vice president for academic affairs at the University of Alabama in Huntsville.
Read more >>
[Back to Top]
SUSTAINABLE DEVELOPMENT
Over 50,000 jobs created by renewable energy sector in last three years
Mumbai: The new and renewable energy sector is estimated to have created over 50,000 direct jobs in the last three years. The job creation has taken place in off-grid and other applications of the sector, according to information made available by the Ministry of New and Renewable Energy.
Read more >>
ABB sets up solar inverter plant
Chennai: ABB has expanded its solar inverters production capacity by opening a production line in India to support the rapidly growing local photovoltaic (PV) market. The first orders from new production line have been delivered and over 200 megawatts (MW) of orders are booked, according to a company release.
Read more >>
[Back to Top]
SPECIAL: OIL & GAS
India and Kuwait to endeavor finalizing joint venture projects in oil & gas sector
New Delhi: India and Kuwait have resolved to expedite discussions for promoting joint venture (JV) projects in various areas of oil & gas sector including those in the upstream & downstream activities.
Read more >>
HPCL's Rs 37,320-cr refinery project to come up in Rajasthan
Coimbatore: Hindustan Petroleum Corporation Ltd (HPCL) has signed a memorandum of understanding (MoU) with the Rajasthan Government for the establishment of a 9 MMTPA refinery –cum-petrochemical complex at an investment of Rs 37,230 crore (US$ 6.87 billion).
Read more >>
[Back to Top]
Privacy Policy: All material, information, data, images or content in this newsletter are subject to copyright or other applicable intellectual property laws and no part of it can be reproduced in any form (including paper or electronic form) without prior written consent and approval from IBEF. Infringements are subject to prosecution under the applicable laws."
www.ibef.org
IBEF does not send unsolicited messages. If you wish to unsubscribe click here