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FDI inflow to
cross US$ 7 billion in Financial Year 2006
تدفّق الاستثمار الأجنبي المباشر من المتوقع أن يتجاوز 7 بليون
دولار أمريكي خلال سنة 2006 المالية.
The government expects foreign direct investment into India to
cross US$ 7 billion in 2005-06, with auto and mining sectors
expected to attract huge funds. The government is expecting
$300-400 million investment from steel major Posco in the mining
sector.
Maxis
Communications plans fresh investment of US$ 1 billion in India
تنوي شركة ماكسيس للاتصالات
استثمارا جديدا لمبلغ قدره بليون دولار أمريكي في الهند
Malaysian telecom major Maxis Communications Berhad has planned
fresh investment of US$ 1 billion in the Indian market following
its acquisition of Tamil Nadu-based cellular services company
Aircel Ltd. This is in addition to US$ 1.08 billion investment
the Malaysian company has kept aside to take a 74 per cent stake
in Aircel through a joint venture with the Apollo Group. "Maxis
expects to invest over US$ 1billion in India in the coming three
to five years. It has great confidence in the potential of both
the Indian economy and the Indian telecommunication market.
India ready for non-conventional energy boom
تستعد
الهند لازدهار استخدام الطاقة غير التقليديةِ
India is ready with a roadmap for use of non-conventional
resources with one million hydrogen-powered vehicles expected to
run on the country's roads by 2020, Non-Conventional Energy
Resources Minister said. By the year 2020, we will have one
million vehicles on our roads running with hydrogen fuel," he
told a BBC Hindi programme. "We have huge resources of
renewable energy in the country. To begin with we have a
potential of five trillion mega watts of solar energy, seventy
thousand MW of wind energy and more than 200,000 MW of Hydrogen
energy. We are now tapping this potential to meet our
requirements," the minister said.
Change in base
year has GDP revised upward at 7.5 per cent
تغيير في السنة الأساسية أدى إلى ارتفاع الناتج المحلي الإجمالي
بمعدل 7.5 بالمائة.
India's economic growth for 2004-05 has been revised to an
impressive 7.5 per cent compared to the earlier estimate of 6.9
per cent, thanks to a change in the base year used for
calculations. The base year, earlier fixed at 1993-94, has been
advanced to 1999-2000. Interestingly, the change in the base
year has taken place after a gap of six years instead of the
usual practice of changing it every 10 years. According to the
quick estimates of national income released by CSO the 7.5%
growth has been achieved due to impressive growth achieved by
the manufacturing sector at 8.1%, construction sector at 12.5%,
trade, hotels and restaurants at 8.1%, transport, storage and
communication at 14.8%, financing, insurance, real estate &
business services at 9.2% and community, social and personal
services at 9.2%.
India to spend US$ 451 million on satellite network
ستصرف الهند المبلغ قدره 451 مليون دولار أمريكي لإنشاء شبكة القمر
الصناعي
India has proposed to build its own constellation of eight
navigational satellites catering to requirements of the Indian
subcontinent with an estimated investment of up to US$ 451
million, ISRO Chairman said. "It will be based on geostationary
platform. Signals from the satellites will be as good as what
you get from any other systems," he added. According to him,
India proposed to have its own constellation because of the
"main fear that in case of a critical application, any signals
from foreign constellation can be diluted or distorted."
UN
pat for India's 'economic performance'
تُنوه الأمم المتحدة الهند "لأدائها الاقتصادي القوي"
The United Nations has extolled India's "strong economic
performance" in 2005, driven largely by the manufacturing
sector, booming domestic demand for consumer goods as well as
infrastructure development. In its flagship publication, World
Economic Situation and Prospects 2006, released in New York, the
UN report also took due note of the "strong response by the
business community to opportunities created by an expanding
domestic market as the middleclass grows — thus sustaining
consumption demand — infrastructure bottlenecks started to be
addressed and prospects of exports remained positive". Singling
out the Bharat Nirman (Building India) programme, which
comprises investments totalling $40 billion over a four-year
period starting in 2005, the report said this would add impetus
to demand for industrial goods over the medium term. India's
services sector also performed well, supported by the continued
strong growth of information technology (IT) services as well as
tourism and tourism-related activities.
EU chip maker
to invest US$ 30 million in India
ستستثمر شركة أس تي أم الأوروبية لصناعة رقاقات الحاسوب المبلغ
قدره 30 مليون دولار أمريكي في الهند
ST
Microelectronics (STM), which is among the leading semiconductor
chip manufacturers in the world, will invest about US$ 30
million in India over the next couple of years and hire another
300 people this year. STM is a Franco-Italian venture with
annual worldwide sales of $8.9 billion. It makes chips and
develops software for cellphones, set-top boxes, DVDs and cars.
A lot of these chips are designed in India and STM employs 1,500
people — around 1,400 of them engineers.
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Ericsson to
invest US$ 100 million every year in India
تستثمر شركة إريكسون السويدية المبلغ قدره 100 مليون دولار أمريكي
سنوياً في الهند
Swedish telecom equipment giant, Ericsson, committed US$ 100
million annually in India for years to come as the country was
an important market for them with potential. When asked about
company's roadmap and future investments in India, Ercisson
India's country head Mats Granyrd said: "We are committing an
investment of $100 million every year and we shall continue to
do so as long as we are getting returns on our investment." "We
view India as one of the very potential market for telecom
services”.
Biggest
acquisition by an Indian drug firm
أكبر مشتريات من قبل شركة أدوية هندية
Dr Reddy's Laboratories, in the largest purchase of an overseas
firm by an Indian company, beat back a determined challenge from
Ranbaxy Labs to buy Germany's betapharm group for about US$ 570
million. Hyderabad-based Dr Reddy's will get control of
betapharm's portfolio of 145 long-term therapy products once the
transaction is complete. The acquisition is expected to add
about $200m to Dr Reddy’s turnover and help revive the company’s
fortunes after more than two years of product failures, rising
R&D costs and lost litigation. The purchase value of about
$570m is the largest-ever paid by an Indian company for another
overseas firm and dwarfs Tata Steel’s purchase of Millennium
Steel of Thailand which cost over $400 million.
India to zoom
past Japan in 2006
ستتجاوز الهند اليابان في 2006م.
India will become the world's third largest economy by
equaling or surpassing Japan sometime this year — much earlier
than previously projected — according to a new forecast.
Measured in purchasing power parity terms, the economy will
eclipse the $4 trillion mark in 2006, making it equal to or
greater than Japan’s , according to William T Wilson, chief
economist of Keystone India. Only the US and China will possess
larger economies. The Indian expansion is riding on
“significant accelerations” in growth, especially the
liberalisation in strategic sectors such as telecom, banking,
aviation and real estate, Wilson said. After growing at 8.5%
and 6.9% in 2003 and 2004, the economy is expected to grow 7.5-8
% in 2005-06. And faster growth is expected to boost salaries by
an inflation adjusted 7% this
year, fuelling robust consumer spending.
Boeing to
revise India's aviation market forecast
تتوقع شركة البوينغ تعديل تكهناتها حول نمو سوقِ طيرانِ الهند.
Boeing Co. said it expects to revise its forecast for India's
civil aviation market to reflect faster growth, but warned that
delays in infrastructure improvements could hobble the pace of
expansion. The Chicago-based aerospace company had said last
August it expected India to buy 492 aircraft for about $36
billion over the next 20 years as foreign investment rules in
the sector are relaxed and more airlines launch in Asia's
third-biggest economy. Now, Boeing believes India's demand could
be even greater. India's domestic air travel market is forecast
to grow more than 20 percent a year over the next five years as
incomes rise and fares fall with new carriers entering an
increasingly crowded space.
Clearwater
invests US$ 15 million in Dolphin Offshore
تَستثمر شركة كليرواتر الأمريكية المبلغ قدره 15 مليون دولار
أمريكي في شركة الدولفين للأعمال البعيدة عن الشاطئ الهندية
Clearwater, a New York-based investment firm, invested US$ 15
million in the Mumbai-based marine operation and construction
company Dolphin Offshore Enterprises India through foreign
currency convertible bonds (FCCBs). The FCCBs, if converted,
would give Clearwater a 21 per cent stake in the company. This
FCCBs were listed on the Singapore Stock Exchange. Rabo Bank of
Singapore arranged the deal, wherein the FCCBs could be
converted into equity shares of Rs 450 a share. Dolphin
Offshore joint managing director Satpal Singh declined to
comment on the issue. "The company has raised $15 million FCCBs
successfully" he said.
ZTE seeks
nod to invest US$ 22.5 million
تسعى شركة زد تي إي الصينية للموافقة على استثمار 22.5 مليون دولار
أمريكي في الهند
ZTE Corporation, China's largest telecom equipment manufacturer
and wireless solutions provider, has sought the Foreign
Investment Promotion Board’s approval for investing US$ 22.5
million in India. The investment is to be made through its arm,
ZTE Telecom India Corporation, for funding its expansion, that
includes importing of telecommunications products and setting up
service centres. “Until date, ZTE has invested over Rs 50
million in India. Further investments for broadening their
scope of business is estimated at Rs 10000 million.
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