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..................................................................................................................................................... "A fine is a tax for doing something wrong. A tax is a fine for doing well". ..................................................................................................................................................... It’s
just getting better for India: Almost an eighth wonder – 7.9%. India’s GDP beat all forecasts showing that the economy was in fine fettle. The big government dilemma now is when to end stimulus and raise rates. And even as global markets fluctuated to the impact of the Dubai crisis, Sensex cheered the growth show… “
India is a market with its own unique taste, products and cultures, and
it’s critically important that we don’t just bring a global model into
India, but tailor the global model to the Indian customs.” ---- Indra Nooyi, Chairman & CEO, PEPSICO. World
Bank’s Zoellick confident India will return to 8-9% growth. Insurance firm ask to foot diabetics bypass bill Diabetes and hypertension could trigger or aggravate heart ailments, but by themselves are not fatal. This is what the Mumbai's Bandra Consumer Forum observed in a precedent-setting order, while asking New India Assurance to foot a Rs 2 lakh bill of a diabetic man's bypass surgery. ........................................................................... Aviation India needs 400 airports in 10 years: Govt India needs at least 400 airports and 3,000 aircraft in the next 10 years to keep pace with the growing demand, Union Civil Aviation Minister Praful Patel said in Hyderabad. He said as the aviation industry has been growing at 18 per cent CAGR, the country needs up to 3,000 aircraft in the next ten years. He also underscored the need for making air travel safer and more secure. "Our job is not over by creating infrastructure for aviation industry to grow. We need safe and secure aviation. Indian aviation will not grow at the cost of safety and security," the minister said during the inauguration of India Aviation-2010, a five-day exhibition and conference of international aviation. He said the bidding process for New Mumbai airport is expected to be completed in a year.
India will be one of top five aviation markets: Praful Patel India would break into the top five aviation markets in the world in next five years, Civil Aviation Minister Praful Patel said and invited international companies to be partners in this growth story. 'The Indian aviation industry will grow much beyond our expectations,' Patel said, inaugurating India Aviation 2010, the second edition of India's international civil aviation exhibition and conference at Begumpet airport. Over 115 companies from overseas are participating in the show. He hoped India would move up from the present ninth position. Nothing that growth had come back to the sector in the last four to five months, he said if this trend continued, the worst would be over by the end of 2010. His optimism was based on the robust 18 per cent compounded annual growth rate (CAGR) in civil aviation in 2009, despite the global recession. 'We have been able to weather the thunderstorm and I am looking at 2010 with cautious optimism and I am hopeful that the worst will be over by the end of the year,' he told representatives of over 200 companies participating in the five-day event. Patel said India can absorb another 500 helicopters and 200 to 300 aircraft in the next five years. 'India has such a large geography and population. We have close to 90 operational airports but we need 400 operational airports. It can't go with less and that is the challenge,' he said. 'Western Europe has 5500 commercial planes. The United States has 7500 planes. I don't think a great country in geography and size like India can do with less than 2000 to 3000 planes in the next 10 years.' 'People may not believe me. Nobody believed us when we started in 2004,' he said, recalling poor infrastructure. he pointed out that there were only 120 civil and commercial aircrafts then. The minister told the conference that the bidding process for the construction of the airport at Mumbai would be completed within a year. He told the conference that all measures were being taken to make India's aviation safe and secure. 'The growth can't be at the cost of safety and security,' he said. Also, the fact that the US is the focus country and France the partner country for this year's event reflected the recognition of India's civil aviation. Civil aviation secretary M Madhavan Nambiar said the last two months had seen encouraging signs of revival in passenger traffic. 'I am confident that if this trend continues, aviation industry will once again be on growth path,' he said. He said as the Asia-Pacific region was a key growth centre of aviation, India was well positioned to connect West and East. Nambiar said the Delhi airport would become fully operational in July this year. India Aviation 2010, which began at a tragic note as a Naval aircraft crashed during air show killing both the pilot and the co-pilot, has over 40 aircraft on static flying display. Canada, the Czech Republic, Germany, Russia and the Netherlands have put up country pavilions. The AN-148 aircraft from Antonov UAC-Russia is on display for the first time.
Indian entrepreneurs sign deals like housewives Bangalore:
Experts feel that Indian entrepreneurs are like housewives when it comes
to signing deals. Whether it is the price of an onion or the price of a
firm, they wait for the best possible deal, while for an outsider it seems
like a waste of time believes an expert panel at APEX 2010 Private Equity
and Venture Capital Summit. Though
there is an imbalance between the demand and supply for deals, experts
feel that Indian entrepreneurs have now become increasingly greedy, writes
Eric Bellman in a blog post on Wall Street Journal. “Again, the greed
factor has set it,” said Ajay Mittal, Director of private equity at
Ascent Capital. “But valuations based on the secondary market will not
find too many takers.” India’s
stock market is the reason for the high expectations among Indian
entrepreneurs despite a fall in private equity and venture capital money.
Last year, the sensex came back strong and companies are expecting similar
high valuations for their unlisted companies. Since
2007, the pool of money for startups in India has been decreasing, but
there are signs that 2010 could at least see some new money in new areas.
Things have changed from only two years ago when money came easy and
information technology companies serving the developed world dominated
discussion. Today private equity and venture capital backers are looking
for smaller, smarter deals. They are also focused on opportunities in
India rather than the West which is still struggling with a hangover from
the debt crisis. “IT
used to account for a lion’s share of the pie but we have seen that go
down significantly,” said Arun Natarajan, chief executive of Venture
Intelligence the Chennai-based private equity data company which has put
on the summit for five years, “Investment is instead moving towards a
consumer-oriented service and largely domestic plays rather than
export-dependent services.”
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