May 25, 2010.
Cochin is a city in the Indian state of Kerala and one of the chief seaports of India with an estimated population of 600,000 and an extended metropolitan population of about 1.5 million; making it the biggest urban agglomeration and the second biggest city in Kerala after the state capital.
Tamil Nadu is an Indian state that lies in the southern part of the Indian Peninsula and is bordered by Pondicherry, Kerala, Karnataka and Andhra Pradesh. It’s the fifth largest contributor to India’s GDP and the most urbanized state in the country with the highest number of Business enterprises, pegged at 10.56%, compared to the overall population share of 6%.
Haryana is located in the Kuru region of Northern India with New Delhi as its neighbor that gives it its suitability as an investment haven; its capital is Chandigarh. Haryana’s economy largely depends on agriculture with about 70% of its population practicing farming and wheat and rice are its major crops. It is ranked third in India amongst the top industrialized states in per capita value addition and the sixth in the register of Industrial Entrepreneurship Memoranda (IEMs) but ranked first in implementation of IEMs.
The Indian IT and Computing industry is a major economy player in India. Mainly based on IT software and facilities such as system integration, software experiments, custom application development and maintenance (CADM), Network and IT services and solutions; the country’s IT-BPO industry expanded by 12% during fiscal year 2009, and attained aggregate returns of US$71.6 Billion. Out of the derived revenue, US$59.6 billion was directly generated by the software and services sector alone. The IT industry in India had an increase of about US$7 million in FY 2008/2009 i.e.
New Delhi economy has grown remarkably over the past few years to become a strong and vibrant economy that can be attested to by evidence of its overall GDP. The economic survey of India placed its GDP at 478 billion INR and per capita income at 38,860 INR in 2000/2001.
Chennai has a robust and diverse economy that bases on automobile, software, hardware manufacturing, financial services and the healthcare industries. The region accounts for about 30% of India's automobile sector and about 35% of the country's auto components industry, hosting reputed companies such as Hyundai, Ford, BMW, Mitsubishi, TVS group, Ashok Leyland, Nissan-Renault amongst others that have set up their factories in the region.
The Asian and the US markets closed on Friday with strong gains and as a result, the key benchmark indices kept pace opening well in the green. However, volatility remained high in the markets as they witnessed a marked decline with alternating swings. In the early session of trading on Friday, the Indian markets experienced a narrow trading range but later had strong buying that saw the day’s highs.
India emerging economy and its status as a fast industrializing country has over the decades been made possible by a robust and thriving economy with new emerging industries and expansions in others. Emerging sectors for FDI in India include the service industry, property and real estate, medical, tourism, biotechnology, IT and home furnishing. The growth of the India economy has led to the emergence of new and emerging services and strengthened the existing ones.
Gujarat is one of India’s most industrialized states with a wide variety of industries, chief amongst them being general and electrical engineering, textile manufacture, vegetable oils, chemicals, soda ash and cement but new industries in fertilizers and petrochemicals are as well emerging.
India’s FDI in January this year fell by 25% margin. Foreign Investments India totaled $2.04 billion, a marked fall from the previous years close. The total cumulative amount of FDI inflows in India were Rs 563,656 million, about US$129,656 million over a decade from 1991 to January 2010. The country attracted FDI inflows of US$1.74 billion as at November 2009. That marked a 60 per cent increase that was achieved in November 2008 which stood at US$1.08 billion. The cumulative amount of FDI inflows tabulated from 1991 to end of December 2009 was US$127.46 billion.
As India’s foremost outsourcing hub, Gurgaon offers lots of investment opportunities. It is home to renowned, major multinational companies. Gurgaon houses Alcatel, British Airways, Ericsson, Hewitt, Coca cola, General Motors, GSK etc. The presence of these multinationals has had tremendous impacts on its economy. As an investment hub, the city offers employment opportunities with the vast major investments that litter its economy. For investors keen on starting an industry or service production, this city makes for a superb location.
The Indian government may ask companies that have less than 50% foreign equity to request approval from Foreign Investment Promotion Board before making any downstream investment. This new proposed regulation policy on foreign investments in India has been agreed on by the major stakeholders in India’s FDI regime. The regulation aims at putting such investments by these companies into areas where Caps on FDI are in place or places in which there are no automatic routes. Such investments would be done through the FIPB.
Investors in India have every reason to be confident with the Indian government. In a plan to encourage more investments, the government plans to set up National Manufacturing and Investments Zones across India. These Zones are meant to offer investors proper infrastructure, a dynamic exit strategy, green and clean technologies support, investment incentives and an environment that encourages business with a friendly approval mechanism. The commerce and industry ministry hopes to be able to achieve greater manufacturing potential that can create jobs.
Andhra Pradesh attracts foreign direct investments in India in the Property, petrochemicals, Automotive, textiles, Aerospace, renewable energy, food processing and the leather sectors. Its employment intensive sectors of the economy aim at ameliorating the imbalances that exist. A policy framework aimed at invigorating the MSME sector in the state is geared towards attracting green energy investments. With readily available resources, prominence in Andhra Pradesh has been laid on small scale industries that generate employment.