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    New India Briefing magazine out!

    Big Ticket Strategic Investments into India

    India’s Roadmap for Redevelopment

    The new spring issue of India Briefing is now available and features an interview with India's minister of commerce and minister of finance covering why India is unlikely to face any slowdown in the face of a U.S. downturn, an article on registering your trademark in India – important as India is not signatory to the international Madrid Protocols governing most developed countries. We also focus on developments in India's auto industry, including the new Nano, and Tata's acquisition of Jaguar and Land Rover, and the new opportunities that now exist for foreign investors in the sector. We also feature India's civil aviation sector and the new successful operations of its first privately owned and managed domestic airports. The magazine concludes with India’s renewed partnership with Africa – Energy in exchange for aid.

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    Painting the global Canvas

     

    April 17 – A robust economy, a new moneyed class, and the energetic participation of young expatriate Indians is giving India new clout in the world of art Long renowned for its beautiful paintings, sculptures and miniatures on temple walls of yore, the new booming, bustling, Indian businessman is investing in Indian art. Indians both at home and abroad believe investing in art can be as prestigious as a good address and as profitable as the stock market — or more so. And why not? While the Indian stock market has nose dived in the recent past, prices for art have tripled across the board, renewing not only interest in art pieces but also in art funds.

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    Brazil and India Strengthen Ties

    India's first woman President Pratibha Patil (R) with Sao Paulo Industries Federation's president Paulo Skaf (L)

    April. 15 – India hopes its trade volume with Brazil will reach US$10 billion in 2010, up from the US$3.1 billion registered in 2007, Indian President Pratibha Devisingh Patil told Xinhua in Sao Paulo Monday.

    Indian expertise in information technology, pharmaceutical products and agriculture equipment can be exchanged for Brazilian know-how in the production of food and infrastructure facilities, sectors that India needs to develop in order to boost bi-lateral trade.

    "Both Brazil and India are large and growing economies, with enormous opportunities for further rapid investment and growth. Our natural synergies and economic complementarities can be exploited for mutual benefit," she told an audience of the Federation of Industries in Sao Paulo.

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    A university dedicated to NRI’s

    April. 11 – India may very soon be exporting much more than software. As the knowledge industry grows in India, Indians and Non-resident Indians (NRI’s) alike want their children to be global citizens but with strong Indian roots. Realizing this latent demand, India will have its first university dedicated to NRI’s in the next three months, The Economic Times reported. The proposed university plans to draw on the expertise of the NRI doctors, engineers, and many qualified professionals.

    In many countries of Africa, Southeast Asia and the Middle East, which have large Indian populations, NRI children find it difficult to gain admission, as these countries often prefer sons of their soil.

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    Terrorism to Tourism

    April. 9 – Kashmir once called Paradise on Earth, is back to promoting itself as a tourist destination after a 20 year hiatus, when tourists flocked to it for its intricately latticed houseboats, lofty Himalayan mountains, green pastures, and fresh clean air.

    The Northern Indian state is trying to attract wealthy tourists to play golf in its rolling hills in a bid to earn some revenue and change its image as a terrorist hideout. Certainly, the price is right — just US$20 for a round on the 18-hole course, US$10 for a golf cart rental and US$3 for a caddy

    Excerpts from The New York Times say that the state is spending US$6.2 million to build a golf course in the winter capital, Jammu, to be completed later in the year, the fifth course in the region, and an international airport is scheduled to open in the summer.

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    Reading into India’s economic future

    April. 2 – Recently The Asian Development Bank (ADB), a major lender in Asia looked into the crystal ball, in a bid to predict India's economic future. What it found was that although growth might momentarily fall this year, and inflation is at a 13 month high of 6.68 percent, India's strong economic backbone would prevent the country from crippling over.

    A report by Forbes noted that if India is able to keep food price inflation moderate, lower interest rates to sustain high levels of investment and contain the fiscal deficit, chances are we could be looking at an 8 percent growth in GPD, even in the face of a global recession. Asian markets are expected to expand by 7.6 percent in 2008 and 7.8 percent in 2009 while China is expected to grow by a solid 10 percent in 2008.

    A report by the ADB says India's growth is expected to slow down to 8 percent in 2008-09, only to pick up momentum again at 8.5 percent in 2009. Previously, GDP stood at 8.7 percent in 2007-08 and 9.6 percent percent in 2006-07.

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    Reincarnating India’s green revolution

    Mar. 31 – India's population might be rising, but food grain production is back to its pre green revoultionn level. The disparity in demand and supply is fueling a stark price rise driving a national and global food crisis.
    “Yes, we have a problem,’’ admits Abhijit Sen, economist and Planning Commission member, “and it can be starkly put in the following way: roughly around 2004-05, our per capita foodgrain production was back to the 1970s level,” reported the Times of India on Monday.

    The figures tell a stark story. In 1979, at the height of the Green Revolution euphoria, per capita availability of cereals and pulses had gone up to 476.5 grams per day. The corresponding figure in 2006 was 444.5 grams per day, according to provisional government statistics. In 2005, it was still lower at 422 grams. In the case of pulses, per capita net availability today is almost half of what it was five decades ago — 32.5 grams per day in 2006 compared with 60.7 grams per day in 1951.

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    India Shining – of Mergers & Acquisitions

    Mar. 27 – Mergers and Acquisitions are dominating India’s phenomenal growth story. 2007 was the year when corporate India spent almost as much money acquiring global companies as international companies spent acquiring Indian ones. The Hindu Business Line reported that Domestically, 2007 saw another record year of deal activity, with total mergers and acquisitions (M&A) and private equity (PE) deals up 82 percent from Rs 865 billion (US$21 billion) in 2006 to Rs 1,576 billion (US$38 billion) in 2007. Comparatively, Indians bought up companies in Europe and the US, splashing out some Rs 1,367 billion (US$33 billion). The Teleom, finance, cement and building materials, oil and gas and metals sectors formed the bulk of India’s global M&A activity.

    Major deals that were signed during the year are as follows:

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