India Brand Equity Foundation

CXXXIX

 April 16, 2007
 

India's foreign exchange reserves reached US$ 200.3 billion in the week ended 6 April 2007.

Overall, the Indian economy is reflecting healthy trends. Indian industrial production increased 11 per cent in February 2007. Significantly, steel production grew 10.1 per cent during the April-February period.

And, continuing its plans to strengthen India's infrastructure, the Government has cleared implementation of various four-laning projects across the country at a total cost of US$ 2.1 billion.

Jayant Bhuyan
CEO, India Brand Equity Foundation &
Deputy Director General, Confederation of Indian Industry
 
 
  POLICY WATCH
US$ 2.1 billion four-laning projects cleared
The Government has cleared implementation of various four-laning projects across the country at a total cost of US$ 2.1 billion. [More]


  PEOPLE
Former Maruti chairman Krishnamurthy wins Japanese prize
V. Krishnamurthy, former chairman of Indian auto major Maruti Udyog, became the only Indian to receive the prestigious Nakajima Prize for his efforts in enhancing trade and friendship between India and Japan. [More]


  Events


India Country Presentation 'India: Emerging Opportunities for Private sector in Infrastructure'
40th Annual Meeting of Board of Governors, Asian Development Bank, Kyoto, Japan
6 May, 2007



5th Annual India Business Forum: 'India--Marching Ahead'
London Business School, UK
23 May, 2007

For more information on
these events Click Here. 


IBEF Newsletter

  ECONOMY AND ENTERPRISE
Indian forex reserves touch US$ 200 billion mark
India's forex reserves increased by US$ 1.141 billion to US$ 200.325 billion during the week ended 6 April 2007 -- as against US$ 199.179 billion in the previous week. [More]

Diaspora sends more money than before
The money sent to relatives back home by the Indian Diaspora has touched a new high. While this has been an ongoing trend, remittances have crossed a new landmark by becoming the single largest contributor to net forex inflows in the country. [More]

India's Feb industrial output up 11 per cent
India's industrial production rose 11.0 per cent in February 2007 from a year earlier, slightly lower than upwardly revised annual growth of 11.4 per cent in January 2007. [More]

Steel production grows 10 per cent in Apr-Feb period
Steel production in the April-February period grew 10.1 per cent at 44.3 million tonne (MT) as against 40.237 MT in the corresponding period of previous fiscal. [More]

Mumbai Port surpasses 50 million tonne cargo mark
For the first time in its history, the Mumbai Port Trust (MbPT) has surpassed the 50 million tonne mark in cargo handling for the financial year 2006-07. [More]

MF assets grow 41 per cent in FY07
Mutual fund (MF) assets grew by 41.23 per cent in 2006-07 following a stellar stock market during the year. Eight equity new fund offers, launched in March 2007, collected around US$ 670.58 million.[More]

Food sector to be a US$ 310 billion industry by 2015
Indian food industry -- both primary and processed -- is poised for rapid growth. The Indian food sector is estimated to be worth over US$ 200 billion and is expected to grow to US$ 310 billion by 2015. [More]

Government to invest US$ 231.3 million in nanotech
The Government is planning to pump US$ 231.3 million in the next five years to create a nanotechnology industry. [More]

Low-fare skyrockets Indian travel story
Revolutionising the way Indians travel domestically, Mumbai, Kolkata, Delhi, Chennai and Thiruvananthapuram terminals recorded 42.9 per cent growth in passenger traffic in April-June 2006. [More]
    SPECIAL

Special Economic Zones: An Update
The Government of India in a significant move, recently amended the principal SEZ Rules, 2006 vide the SEZ (Second) Amendment Rules, 2007 ('Amendment Rules') with effect from March 16, 2007.

[Click here to download]
 
QUOTE OF THE WEEK

 

 

India is a very important market for 3i... We see attractive investment opportunities here and we want to be in the forefront.

Chris Rowlands
Managing Partner, Asia
3i

 

  

 
    FACT OF THE WEEK
Mobile operators using the GSM technology added over 6.13 million subscribers in March 2007 -- the highest addition since the inception of the cellular service. The cumulative all-India GSM subscriber base touched 121 million. [More]
 
    SUSTAINABLE DEVELOPMENT
1,000 cities to get WiMAX in major BSNL expansion drive
In the world's largest deployment of WiMAX (Worldwide Interoperability for Microwave Access), state-owned Bharat Sanchar Nigam Ltd (BSNL) will float a tender to offer the wireless broadband service in 1000 Indian cities. [More]




 
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