Karthik

You know I hope they dont screw up on this. I absolutely love that road. Its very Bangalorean, it's been the face of the city for ages.

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Akshay

India requires dlrs 70 billion per annum for infrastructure investment
New Delhi, Feb 17, IRNA

India will require an investment of dlrs 70 billion per annum for the next five years in infrastructure to complement its high level of GDP growth, a FICCI-World Bank research paper has stated.

South Asian countries will require an investment of dlrs 88 billion per annum in the next five years for infrastructure development with India alone needing dlrs 70 billion per annum, it said.

The research released ahead of the second SAARC Business Leaders Conclave starting in Mumbai, business capital of India tomorrow, stated that for an estimated 7.5 percent GDP growth, the
infrastructure will require investments amounting to about five percent of GDP plus a further two per cent of GDP for capital replacement, PTI reported here.

The South Asian region which had only five percent of total investments in infrastructure from 1995-2000, has now doubled its share to 11 percent.

However, it is the telecommunications sector which has driven the recent increase while investments in energy and water has been slower to materialize, the paper said.

Stressing that private sector had an important role to bridge the South Asian infrastructure deficit, the research paper observed the private investment in infrastructure outside telecom since 2001 is 0.5 percent of GDP.

This is well behind what has been achieved by other countries like Malaysia which attracted investments of 2.3 percent of GDP in infrastructure excluding telecom.

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Akshay

India becoming a world-class manufacturer: US study
(IANS)
17 February 2007

WASHINGTON — India is on its way to becoming a world-class manufacturer, thanks to a rapidly changing business environment, according to a new study by a noted US business school and a firm of consultants.

Poor infrastructure, bureaucratic red tape and restrictive labour laws have kept India's manufacturing sector a backwater, while its services have turned red hot, say The Boston Consulting Group and Knowledge@Wharton.

But beneath the surface, things are changing rapidly, and India could become a manufacturing powerhouse within five to 10 years, says their report released in Boston on Thursday.

Founded in 1963, The Boston Consulting Group with 61 offices in 36 countries claims to help companies in all industries and markets achieve competitive advantage. Knowledge@Wharton is an online resource on knowledge generated at The Wharton School of the University of Pennsylvania.

Driven by the emergence of a vast domestic market and relatively low-cost workers with advanced technical skills, more and more multinationals are setting up manufacturing operations in India, notes the report, entitled "What's Next for India: Beyond the Back Office."

Ford, Hyundai and Suzuki all export cars from India in significant numbers. LG, Motorola and Nokia all either make handsets in India or have plans to start, with a sizeable share of production being exported. ABB, Schneider, Honeywell and Siemens have set up plants to manufacture electrical and electronic products for domestic and export markets.

"Over the past five or six years, many firms have restructured their manufacturing operations and implemented world-class practices," says Arindam Bhattacharya, a partner in BCG's New Delhi office.

"Slowly but surely, they have started building a globally competitive manufacturing base in industries like pharmaceuticals, auto components, cars and motorcycles." Also optimistic is Wharton professor of management Saikat Chaudhuri.

"Every major company has India on its radar screen," he says in the report. "It's just a matter of timing."

As the success of firms such as auto parts maker Bharat Forge shows, India's competitiveness lies in relatively high-end manufacturing. "Indian universities graduate 400,000 engineers a year, second only to China," notes Harold L. Sirkin, a senior partner in BCG's Chicago office and leader of the firm's global operations practice. "It's only a matter of time until India converts its engineering prowess into manufacturing capabilities."

HIGHLIGHTS:

India's infrastructure agenda: India is in the midst of the most ambitious infrastructure upgrade in its history. Better roads, ports, power and airports could easily nudge the nation's annual GDP growth rate up to a sustainable 8 per cent.

A tale of two sectors: The failure of power sector reforms and the success of telecom underscore the importance of foreign investment and competition in India's infrastructure upgrade.

Beyond the back office: India's outsourcing providers are moving up the value chain towards knowledge process outsourcing (KPO) services, where specialised expertise, judgment and discretion are the tools.

Emerging stars: The story of Bharat Forge's remarkable rise illustrates the hurdles that Indian industry must overcome. Today, the company dominates India's $615m market for auto parts.

jaguar

Work begins on project to double capacity of New Delhi airport - International Herald TribuneNEW

DELHI: India has started work

on a project that will enable the New Delhi airport to handle 37 million passengers a year by 2010, more than double its current capacity, aviation officials said.

The 85 billion rupee, or $1.94 billion, revamp will see a third terminal building constructed in the next three years and a new runway by 2008 to ease congestion at the airport.

The new runway — the airport's third landing strip — would be one of Asia's longest at 4,430 meters, or 14,530 feet, and would allow Airbus A-380 super jumbos to land, Delhi International Airport said.

Work is scheduled to be completed before the Commonwealth Games open in New Delhi in October of 2010.

Akshay

Indian Economy - Not Building the Urban Infrastructure

NewswireToday - /newswire/ - Delhi, New Delhi, India, 03/20/2007 - Economic liberalization in India has not done much for the betterment of urban infrastructure that contributes a major share to the country’s GDP.

According to the participants at the Global Urban India 2020 conference, economic liberalization does open the doors of potentialities but not empowered the Indian cities to construct infrastructure to match up this growth.

EuroIndia Centre, a non-profit organization instituted by Indian Prime Minister Manmohan Singh and the former French Prime Minister Raymond Barre in 2001, organized the conference. It emphasized the need of building infrastructure in urban regions.

The conference reached the conclusion in the years to come, the role of finance, and most importantly, public policies and legislation will be extremely crucial on a city-by-city and state-by-state basis in India.

Industry personnel, technologists, politicians, academics, urban planners, and others attended the conference. The meet highlighted that urban populace forms the 30% of the total Indian population and chips in over 60% to the country’s GDP. But unfortunately, most of the Indian cities lack even the basic infrastructure.

Experts at the conference felt recent physical input and credit availability had made the urban mass housing of India better. It adverted to the necessity to suffice the ‘huge demands’ for self-sustained affordable housing in the second-largest population of the world.

“Opportunities in Indian Housing Sector (2006-2007)”, a research report by RNCOS, opines that the housing demand in urban India will take over the rural demand due to low household size in urban regions. The growth of total housing industry posted during the period 2001-2005 is expected at around 5% and is estimated to rise at approx 7% during the years 2006-2010.

The market research report “Opportunities in Indian Housing Sector (2006-2007)” also discusses the overview of global and Asian housing market, position of India with respect to the Asian market, industry performance, scenario of housing finance, industry analysis, state-wise housing demand in India, statistical analysis of various other factors and so on.

Komunyst_Indian

Just wondering as a foreign Indian.. ( there are tons of us arent there... we would become a superpower overnite if all the immigrants returned)
Ive noticed india buying a lot of military hardware from other nations.. particularly russia. Doesnt India have its own native manufacturing plants for its own army... anyone has statistics on them?

Tronic

Oh please.. We need the immigrants there to keep filling up our foreign currency reserves.

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Komunyst_Indian

Only too true my friend... too true...

kuku

Right then you phoren desi chaps, come here and spend all your money, now.

Although with the reports of all the indian money in them swiss banks, i think all we need is to get that money back

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kuku

Not a capability you deliver overnight without serious efforts on many fronts (without the generous dose of socialist structure please) and they will not have anything without trying, all the statistics you need can be found online without much trouble, google it, or go to BR. The defence equipment manufacturing will develop many folds in the coming decade, more money and more compitition for the first time.