Indian Companies Make Inroads into Vietnam

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Aug. 5 – Indian businesses such as the Tata and Essar groups have expressed interest in investing in Vietnam for the market’s “political stability, high economic growth, healthy investment climate and numerous stimuli,” said Vietnamese General Consul Nguyen Viet Hung in Mumbai.

As further evidence of this interest in Asia's newest emerging tiger, India's Bharat Heavy Electricals Ltd. (BHEL), a state-owned company, said it won a two billion-rupee (US$47 million) contract from Vietnam's Nam Chien hydropower company. BHEL said this is its first order from the Vietnamese power sector.The project is located in Muong La, 350 kilometers north of Hanoi, and is slated to be completed by the end of 2010.

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Bollywood Takes the London Stock Exchange by its Horns

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Aug. 4 – Do you like Bollywood movies? Why not buy shares? Hindi film companies being traded on the London Stock Exchange's AIM (Alternate Investment Market) are realizing multi-million dollar returns on investments.

Three Bollywood majors — Eros, UTV Motion Pictures and Indian Films — have already had a huge success in their initial run on the AIM. And now many more Bollywood biggies are looking to raise funds through this route, the Economic Times reported.

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New Delhi’s Third Runway Takes Off

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Aug. 1 – New Delhi's Indira Gandhi International Airport will inaugurate its third runway on Indian Independence day (August 15). The second busiest airport in the country is ramping capacity in preparation for the Commonwealth Games which New Delhi will host in 2010. The new runway will increase the airport’s capacity from the present 36 landings and takeoffs an hour to 65.

According to the Times of India, the trial runs will take place for a few days and the runway will be made operational for commercial flights by the end of August or beginning of September. ‘‘Almost all civil and technical work has been completed and trial runs should begin soon,’’ an airport official said.

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