Tuesday, February 03, 2009

india brand equity foundation: Rural growth story the future growth story of India

feb 2nd, 2009

here are some attempts to burnish india's image. but without thorough political reform, the country cannot progress.

---------- Forwarded message ----------
From: Rajeev 

Davos
 
India Brand Equity Foundation CIV
February 02, 2009
Dear Mr. Rajeev,

At the IBEF Breakfast Session organised during the Annual Meeting of the World Economic Forum at Davos, Mr Kamal Nath, Minister for Commerce and Industry, emphasised that the Indian economy's fundamentals remained strong and that its growth trajectory would be led by its domestic demand driven growth model.

The foreign institutional investors (FIIs) channelised investments amounting to Rs 2,155 crore (US$ 439.90 million) in debt instruments during the initial trading days of the current year. Significantly, the government has cleared foreign direct investment (FDI) proposals worth Rs 1,277.23 crore (US$ 261.29 million) on January 28, 2009.

Further, Ernst & Young has announced that the opportunities for growth in the Indian infrastructure sector continue to be promising. Meanwhile, India's growth story in the telecom space continues unabated. The country added 113.26 million new subscribers in 2008, the largest globally.

Warm regards,

Aparna Dutt Sharma
CEO
India Brand Equity Foundation
Focus – World Economic Forum Annual Meeting Davos 2009
At a well-attended business session organised over breakfast at the Annual Meeting of the World Economic Forum at Davos on January 31, 2009, a high-powered Indian panel highlighted the growth potential of rural markets in India.
Focus – Infrastructure
The opportunities for growth in the Indian infrastructure sector continue to be promising, with companies such as BHEL, Larsen & Toubro Ltd and HCC expecting to reap benefits from the government's decision to clear projects worth Rs 34,000 crore (US$ 6.94 billion), the possible introduction of the concept of "golden share" in public-private partnership (PPP) projects and the new US President's overseas infrastructure programme.
Focus – Telecommunications
The outlook for the telecommunications industry is optimistic with the total number of telephone connections reaching 385 million as of December 2008 and revenues from voice and Internet services, such as third generation (3G), expected to reach US$ 15.8 billion by 2013. Buoyed by this positive growth, telecom companies from the Middle East and service providers such as Vodafone are investing in the country.
Interview: Frank Heemskerk, Foreign Trade and Tourism Minister, the Netherlands, on investments and trade plans of his country
"The Netherlands greatly values its trade relationship with India. With our economic missions we aim to facilitate and stimulate contacts between Indian and Dutch entrepreneurs for business in both our countries. We also offer a range of measures to attract FDI, such as a favourable tax regime. We are proud to say that a growing number of Indian multinationals is choosing to set up their operations in the Netherlands, which explains why the Netherlands is now the second receiver of Indian FDI."

"The Netherlands is eager to cooperate in the transfers of knowledge in the maritime sphere. The ministry of transportation has planned a high level meeting with Indian officials of the Ministry of Shipping, in coming April." [More]
Interview: Giles Keating, Head of Global Research for Private Banking and Asset Management, Credit Suisse, on investment opportunities in Indian equities
"I think one needs to adopt a rotational strategy within the Indian market... With regard to sectors, we have seen some of the defensive sectors outperform very strongly. Now, as risk appetite ebbs, it seems a good time to take in more beta stocks that are not quite as defensive, such as undervalued automobile and metal stocks."

"I would certainly tell them to have India in their sight. The long term growth story is in place, and we expect 5-6 per cent net growth for 2010. The deep value is there now and as long as India is still trading low, they should seek opportunities that build up exposure." [More]
Policy/Corporate Briefs
Keystone Realtors among 31 FDI proposals cleared
The government has cleared 31 foreign direct investment (FDI) proposals worth Rs 1,277.23 crore (US$ 261.29 million) from companies such as Morgan Stanley Financial Services, Keystone Realtors and Ramky Enviro Engineers.
SingTel gets nod for STD, ISD services
SingTel, which has a 31 per cent stake in Bharti Airtel, has received the Foreign Investment Promotion Board's (FIPB) approval to offer long distance services in India.
SEBI makes it easier for FIIs committing 5% of corpus
Foreign funds planning to enter the Indian stock market will get more time to comply with regulations if they commit to invest at least 5 per cent of their corpus in local stocks, as per an "internal decision" taken by the Securities and Exchange Board of India (SEBI).
India story still lures foreign companies
Overseas investments in Indian companies have touched US$ 18 billion in 2008, with the inbound cross-border mergers and acquisition (M&A) deals increasing nearly 50 per cent in 2008, compared with a growth of 30 per cent in the previous year.
Tea exports grow by a record 15 m kg in November
Tea exports stood at 175 million kg in November 2008, compared to 160 million kg in the corresponding 11-month period of the previous year.
FIIs now turn to bonds
Foreign institutional investors (FIIs) channelised investments amounting to Rs 2,155 crore (US$ 439.90 million) in debt instruments during the first 11 trading days of the current year.
French co buys 40% in Cello for Rs 800 cr
French pen and stationery manufacturer, BIC, has picked up a 40 per cent stake in Mumbai-based stationery-products maker Cello Pens for Rs 800 crore (US$ 160 million).
Wyeth to boost Pfizer's share in Indian market
Pharmaceutical company Pfizer Inc's US$ 68-billion buyout of Wyeth Pharmaceuticals is expected to propel its local subsidiary into the top 10 league of the Indian drug manufacturers.
Warner Brothers to invest Rs 200 cr in film production
Warner Brothers Pictures India, a subsidiary of the US-based Time Warner Inc, is set to invest Rs 200 crore (US$ 40.68 million) in film production in 2009.
StarragHeckert to invest $31 m
StarragHeckert, a Switzerland-based manufacturer of machine tools, has announced its plans to invest US$ 31 million in two phases as part of extending its footprint in India.
IBEF  http://www.ibef.org


No comments: