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India has received foreign direct investment (FDI) of US$ 24.5
billion in 2007-08 - up 56 per cent from US$ 15.7 billion in
2006-07. The Commerce and Industry Minister, Mr Kamal Nath, is
confident that the country will draw US$ 35 billion FDI in
2008-09.
Significantly, as per the latest Forbes list of world's
billionaires, India is the fourth largest in terms of
billionaire-population and, in ten years, it will have more
billionaires than any other country in the world.
This newsletter also includes an Evalueserve presentation on
'Conducting Successful Business in India - A Perspective'. |
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regards, |
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Jayant Bhuyan
CEO, India Brand Equity
Foundation
& Deputy Director General, Confederation of
Indian Industry |
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Report: Conducting Successful Business in India - A
Perspective |
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What
makes India a Fast Emerging Business Destination?
- Special government incentives to attract investments
- Less time and few procedures required to start a
business
- Growing potential of Tier II and Tier III cities
- Easy availability of skilled talent pool
- Emerging middle class
- Increasing disposable income
- Number of emerging sectors witnessing growth
[More] |
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Report: Lessons for IT from Nano, Jet and Grameen
Bank |
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It
is clear that future growth is more likely to come out of
creating branded products and services. Tata Motors used its
design and development capabilities to come up with a
breakthrough product for India, rather than as an OEM supplier
for an international premium marquee. Similarly, the next wave
for Indian IT companies is to identify and develop unique
products and solutions that can put them in a leadership
position globally.
Sudhakar Ram, CMD - Mastek, sees
three possible approaches for Wave 3 companies to grow: as
cost leaders that are operationally efficient; service leaders
that are intimate with their customers; or as technology
leaders that are highly innovative. [More] |
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Interview: Stuart Rose, chief executive of Marks and
Spencer (M&S), on opening larger and more contemporary
stores in India |
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'India
is an important hub for us. We have had an office here for
three-four years and we think there is an attractive
opportunity for us here. The combination of M&S styling
and Indian manufacturing would be great. Currently, a third of
our clothing comes from South Asia, and a third each from East
Asia, Turkey and the North African region. India will grow the
fastest of these because you have good communication, good
infrastructure and English-speaking skills.'
'We are
not here for one year or three years. We are here forever and
we will take whatever action we need to.' [More] |
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Event: India Symposium 2008 - Growth and Prosperity
Venue - Renaissance Hotel, Zurich; Date - 22 August, 2008
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Aimed
at promoting the exchange of experiences and expertise,
the event, 'India Symposium 2008' will not only help
understand various contemporary challenges on corporate
and industry level, but will also make for sustainable
relations at the cross-country level.
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new ideas and co-create fresh impetus of thoughts for a
new chapter in growth and prosperity. [More] | |
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| Policy/Corporate Briefs |
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Safe haven: FDI leaps 56 per cent in
2008
India has received FDI of US$ 24.5 billion in
2007-08 - up 56 per cent from US$ 15.7 billion in 2006-07. Mr
Kamal Nath, the Commerce and Industry Minister, is confident
that the country will draw US$ 35 billion FDI in 2008-09.
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Forex reserves at US$ 309.7 billion,
third-largest amongst EMEs
India has recorded US$ 309.7
billion in forex reserves as at end-March 2008, up US$ 110.5
billion over end-March 2007, the third largest stock of
reserves among emerging market economies (EMEs). |
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Goldman Sachs NBFC among 13 FDI proposals
cleared
The government has cleared 13 FDI proposals
worth US$ 164.46 million, including Goldman Sachs (Mauritius)
proposal to invest US$ 49.86 million in non-banking financial
companies (NBFC) activities. |
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New Mineral policy sees US$ 2.5 billion
FDI
The new National Mineral Policy, which aims to
ensure assured right in mineral concessions, envisages FDI of
US$ 2.5 billion annually. |
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Indian billionaire club to be world's biggest:
Forbes
Ten years from now, India will have more
billionaires than any other country in the world, says a poll
by American business publication Forbes. |
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'India's wealth management business to grow @ 15
per cent'
About two-third wealth managers in Asia are
expecting revenue growth of over 15 per cent per annum from
India, as per a survey conducted by Barclays Capital. |
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Scotch lovers in India drive exports to record
global high
As per the Scotch Whisky Association,
exports to India rose by 36 per cent, to US$ 65.25 million, in
2007. |
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Zee TV to launch pay-channels in Russia by year
end
Zee TV, one of India's leading entertainment
channels, will be the first foreign television company to
operate in Russia to cash in on the popularity of Indian
movies and serials. |
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Reliance Retail, M&S ink retail Joint
Venture
UK's leading retailer Marks & Spencer (M&S) will
set up 50 stores in India, investing US$ 44.86 million in the
next five years. |
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Delhi to get India's first Cartier
boutique
France's luxury watch and jewellery brand,
Cartier, plans to cash in on India's growing preference for
big brands. |
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