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Dezan Shira & Associates, India

Kolkata

Kolkata: Renowned for its jolly folk, calorie rich desserts, sophisticated, well educated nobles and beautiful women, Kolkata rests on India’s North East coast at the mouth of the river Ganges. While it served as the capital during the British Raj, Kolkata now serves as the main business, commercial and financial hub for eastern and northeastern India. Besides being home to India’s second largest bourse, the Calcutta Stock Exchange, the city is well connected – it boasts a large commercial and military port, as well as an international airport. Home to India’s largest Chinatown, Kolkata offers attractive incentives for growth of industrial activities in and around the city. The incentive scheme of the government includes Capital Investment, Subsidy, Waiver of Electricity Duty, Waiver of Stamp Duty and sales tax Deferment/Remission etc. Major industries in Kolkata include jute, textile, leather, IT, electronics and medicines.



Chennai

Chennai: Known primarily for being the bed rock of filter coffee and Bharatnatyam – a classical dance form, Chennai is located on India’s South Eastern coast. Established by the British as a major urban centre and naval base in the 17th century, Chennai is today India’s fourth largest city. Major industries include the automobile, technology, hardware manufacturing, and healthcare industries. Chennai is internationally well linked by two major ports, and an international airport, nationally its connected by five national highways and two railway terminals. And although the city of 7.5 million people faces urban problems of water shortage, traffic congestion and air pollution, it boasts a vibrant culture of Tamil music, movies and dance. English and Tamil are widely spoken in Chennai.



Bangalore

Bangalore: India’s silicon valley, Bangalore is a sprawling lush green metropolis in southern India. Known as the hot bed of India’s Information technology, Bangalore which contributes more than 35% of India’s IT exports ranks as one of the fastest growing cities in Asia. The garden city is most famed for its highly educated, skilled work force, vibrant gardens and laid back pub culture, it also ranks as the second highest literacy rate in the country. Bangalore has developed into one of India's major economic hubs and in 2007 was rated by CNN as the "Best place to do business" in the world. Besides IT, major industries in Bangalore include aerospace and aviation, automotive, heavy manufacturing, space and bio technology industries. Kannada and English are widely spoken in Bangalore.



New DelhiNew Delhi: The political capital of the world’s largest free market democracy, New Delhi is a spicy fusion of the ancient and the modern, a harmonious blend of culture, cuisine, arts and architecture. As one of the oldest continuously inhabited cities in the world, many great empires have been ruled from here. Don't let your first impressions of Delhi stick like a sacred cow in a traffic jam, look beyond the 14 million people, the thundering traffic and the acrid smog. Delhi is a metropolitan city with a cosmopolitan outlook. It is the seat of the Government of India and the Government of the National Capital Territory of Delhi, making it the powerhouse of Indian politics. New Delhi is home to numerous national institutions and landmarks. Major industries in Delhi include the IT sector, handloom, textile, and the electronic industry. The national capital will hold the Commonwealth games in 2010.



Nazia Vasi

Head of Dezan Shira & Associates India desk

Ms Nazia Vasi is the head of Dezan Shira & Associates India desk in Shanghai, editor of 2point6billion.com and India Briefing. She has worked with The Times of India in Mumbai as a financial correspondent and as an English teacher in Shanghai.



Nissan to open $1 billion car & engine plant in southern India.

Nissan Motor Co and Renualt have made a humble & late entry into the Indian automotive industry.

Backed by a strong vehicle line up, Nissan & partner Renault on Friday signed an agreement for a $1.0 billion car and engine plant in southern India after a local partner dropped out, and expect to commence production from 2010.



Mumbai rents go through the roof!!!

Renting a flat is now as expensive as renting an apartment in the big apple, reported the Times of India. A three-bedroom apartment on Manhattan’s Upper East Side can be rented for about $5,000 to $8,000, or Rs 2 lakh-Rs 3.20 lakh a month. In Mumbai, a similar-sized apartment in any good building between central Mumbai and Bandra could cost as much, or even more, according to realty experts.

While premium flats in the city continue to fetch staggering prices, the residential lease rental market has been catching up quickly.



US wants bite of $45 bn Indian arms pie

The US secretary of defence, Robert Gates, arrives in the Indian capital, New Delhi, next week to promote a $10bn jet fighter contract, underlining the country's emergence as one of the world's biggest military markets. To update its Soviet-era arsenal India says it will need to spend $45bn in the next five years, and it has been courted by western states that are barred by arms embargoes from selling to China, the other expanding Asian military power.



US wants bite of $45 bn Indian arms pie

The US secretary of defence, Robert Gates, arrives in the Indian capital, New Delhi, next week to promote a $10bn jet fighter contract, underlining the country's emergence as one of the world's biggest military markets. To update its Soviet-era arsenal India says it will need to spend $45bn in the next five years, and it has been courted by western states that are barred by arms embargoes from selling to China, the other expanding Asian military power.



India - China to discuss Free Trade in April

Trade ministers of India and China will meet in the first week of April in Beijing to consider the recommendations of the Joint Task Force on the India-China Free Trade Agreement. The ministers would discuss in what way the recommendations of the Task Force have to be worked upon and how to take the process forward, said Dinesh Sharma, Commerce Ministry, Joint Secretary. The Indian industry has been opposing an FTA with China, until it gets the market economy status by implementing transparent pricing mechanisms.




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