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		<title>The India Business Round-Up</title>
		<link>http://engagetraining.wordpress.com/2011/03/28/the-india-business-round-up-6/</link>
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		<pubDate>Mon, 28 Mar 2011 11:48:16 +0000</pubDate>
		<dc:creator>Pragna Sen</dc:creator>
				<category><![CDATA[brand]]></category>
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		<category><![CDATA[China]]></category>
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		<category><![CDATA[India]]></category>
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		<description><![CDATA[We&#8217;ve long believed that mobile is going to be a game-changer in India &#8211; here&#8217;s yet another instance of how it&#8217;s working: Mobile technology is gradually changing rural retail&#8216;s access to new products &#8211; and consumer products companies&#8217; access to &#8230; <a href="http://engagetraining.wordpress.com/2011/03/28/the-india-business-round-up-6/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=engagetraining.wordpress.com&amp;blog=13680724&amp;post=164&amp;subd=engagetraining&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>We&#8217;ve long believed that mobile is going to be a game-changer in India &#8211; here&#8217;s yet another instance of how it&#8217;s working: <a href="http://www.bbc.co.uk/news/business-12841993">Mobile technology is gradually changing rural retail</a>&#8216;s access to new products &#8211; and consumer products companies&#8217; access to rural markets. </p>
<p>Warren Buffet, talking about India, giving his money away, and what he looks for when he invests, says that <a href="http://www.moneycontrol.com/news/current-affairs/buffett-hopes-monday-will-ringnew-businessindia_532068.html">India is among the top 4-5 economies in the world</a>, in terms of the companies he wants to invest in &#8211; strong businesses led by trust-worthy individuals. </p>
<p>Despite just having lost the bid to netcast India&#8217;s IPL cricket matches, <a href="http://www.moneycontrol.com/news/business/bullish-about-businessindia-google-india_532100.html">Google remains bullish about their growth prospects in India</a>. </p>
<p><a href="http://www.hindustantimes.com/India-has-huge-potential-in-PCs-Dell-chief/Article1-676402.aspx">Dell continues to focus on business growth in India</a>, through 3 key areas &#8211; the traditional hardware business, entry into the education and healthcare segments, and servicing. </p>
<p><a href="http://www.moneycontrol.com/news/special-videos/young-turks-empowering-india-through-solar-power-route_532130.html#">Solar and alternative energy is a growing sector in India</a>, according to Inderpreet Wadhwa, founder of Azure Power, who says that, in 2 years, the space has gone &#8220;from 20 developers to 400 developers&#8221;. </p>
<p>Why would anyone want to enter the broadcast news business in India, asks <a href="http://www.sify.com/finance/vanita-kohli-khandekar-india-s-broken-news-business-news-analysis-ldzbbSdagig.html">this overview</a>, when there are already 122 news channels in the country, fighting over a stagnant ad market. </p>
<p>&#8220;In 2009, India produced a total of 2,961 films on celluloid with a staggering figure of 1,288 feature films, including 235 Hindi movies.&#8221; Yet, this is a high risk, high return market, where only 2% of the films are able to garner 100% of their investment, according to <a href="http://www.moneylife.in/article/entertainment-business-in-india-needs-transparent-process-controlled-culture-for-big-investments-says-panellist-at-ficci-frames/15053.html">this article</a>. </p>
<p>And on a different note: religion has a long established presence in India, but the business of religion is changing. <a href="http://www.rediff.com/news/slide-show/slide-show-1-religion-is-big-business-in-india-says-cambridge/20110324.htm">A Cambridge University survey looks at the changing role of religion in India, along with emerging religious &#8220;business models&#8221;</a>, as prophets and profits meet. </p>
<p>Finally, <a href="http://timesofindia.indiatimes.com/city/mumbai/Chinese-women-school-India-in-doing-business/articleshow/7749722.cms">at 24%, women continue to form a tiny fraction of Indians applying to business schools</a> &#8211; as against 63% of candidates in China. Socio-economic pressures and literacy rates undoubtedly play a part in this. The question is, will it change anytime in the near future? </p>
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		<title>Visualisation of inflation in India</title>
		<link>http://engagetraining.wordpress.com/2011/03/23/visualisation-of-inflation-in-india/</link>
		<comments>http://engagetraining.wordpress.com/2011/03/23/visualisation-of-inflation-in-india/#comments</comments>
		<pubDate>Wed, 23 Mar 2011 11:00:48 +0000</pubDate>
		<dc:creator>Pragna Sen</dc:creator>
				<category><![CDATA[economy]]></category>
		<category><![CDATA[India]]></category>
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		<guid isPermaLink="false">http://engagetraining.wordpress.com/?p=162</guid>
		<description><![CDATA[Here&#8217;s an interesting way of looking at the components of inflation in India. Detailed data is available at the Office of the Economic Adviser to the Government of India.<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=engagetraining.wordpress.com&amp;blog=13680724&amp;post=162&amp;subd=engagetraining&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.marketvision.in/visualizing-inflation-india.html">Here&#8217;s </a>an interesting way of looking at the components of inflation in India. Detailed data is available at the <a href="http://eaindustry.nic.in/">Office of the Economic Adviser </a>to the Government of India. </p>
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		<title>The India Business Round-Up</title>
		<link>http://engagetraining.wordpress.com/2011/03/21/the-india-business-round-up-5/</link>
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		<pubDate>Mon, 21 Mar 2011 15:28:17 +0000</pubDate>
		<dc:creator>Pragna Sen</dc:creator>
				<category><![CDATA[Business]]></category>
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		<guid isPermaLink="false">http://engagetraining.wordpress.com/?p=160</guid>
		<description><![CDATA[Matthew Liao-Troth, Dean &#38; Professor at the J. Whitney Bunting College of Business at Georgia College &#38; State University, says, &#8220;For many, India is the location of popular films such as “Gandhi,” “Slumdog Millionaire,” and home to the musical romantic &#8230; <a href="http://engagetraining.wordpress.com/2011/03/21/the-india-business-round-up-5/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=engagetraining.wordpress.com&amp;blog=13680724&amp;post=160&amp;subd=engagetraining&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Matthew Liao-Troth, Dean &amp; Professor at the J. Whitney Bunting College of Business at Georgia College &amp; State University, says, &#8220;For many, India is the location of popular films such as “Gandhi,” “Slumdog Millionaire,” and home to the musical romantic comedies of Bollywood, but <a href="http://www.macon.com/2011/03/16/1489093/is-india-in-the-future-for-your.html">India should also be a place that every business leader considers.</a>&#8221; </p>
<p>The recent UKIBC summit (Manchester, 10th March 2011) indicates that <a href="http://www.britishchambers.org.uk/business-news/britain-s-small-firms-turn-to-india-for-trade-prospects.html">UK SMEs are looking to the Indian market for growth</a>. &#8220;Asia is at the forefront of this and <a href="http://menmedia.co.uk/asiannews/news/business/s/1410546_business_opportunities_in_india_can_fuel_growth_say_experts_">SMEs can play a huge part in driving this growth</a> (in trade), both here and in India,&#8221; said UKIBC CEO Richard Heald. </p>
<p>This optimism is echoed by GE Chairman and CEO Jeff Immelt, who, as GE prepared to invest further in India, said that GE&#8217;s India business was expected to continue to grow at 30% annually, and that <a href="http://www.reuters.com/article/2011/03/16/uk-asia-companies-sentiment-country-idUSLNE72F04D20110316">India remains the biggest growth market for GE</a>.  Also betting on the Indian market is <a href="http://profit.ndtv.com/video/show/193445">Volvo, talking here with NDTV (an Indian news channel) about their India plans</a>.  </p>
<p>It&#8217;s fitting that the recent <a href="http://www.reuters.com/article/2011/03/16/uk-asia-companies-sentiment-country-idUSLNE72F04D20110316">Reuters poll on Asian Q1 business sentiment</a> found high optimism for India. </p>
<p>After years of trying to build a strong presence in the Indian mutual fund industry, <a href="http://articles.timesofindia.indiatimes.com/2011-03-17/india-business/29138416_1_sanjiv-shah-benchmark-mf-rajan-mehta">Goldman Sachs has bought Benchmark Mutual Fund</a>. </p>
<p>On another front &#8211; we&#8217;ve long believed that mobile will be the gamechanger for many industries in India &#8211; including banking. <a href="http://articles.economictimes.indiatimes.com/2011-03-19/news/29146216_1_mobile-money-transfer-d-shivakumar-handset-maker-nokia">Nokia and the Union Bank of India have partnered to launch a mobile-to-mobile cash transfer service</a> that allows mobile users on any network to shop, pay utility bills, top-up prepaid cards using only a mobile phone. This is only the start &#8211; watch this space. </p>
<p><a href="http://www.business-standard.com/india/news/keep-that-social-network-profile-updated/429168/">Social networks in India</a> are gaining ground, and are increasingly used for job-seeking. </p>
<p>On a different note, the apparel business in India is estimated at more than Rs 1,00,000 crores a year now (including all segments of the market — premium, mass and luxury, as well as fashion, accessories and innerwear). The Indian Express has a list of the Indian fashion industry&#8217;s key individuals <a href="http://www.indianexpress.com/news/fashions-power-list/764005/0">here</a>. </p>
<p>And finally, a tip of the hat to <a href="http://www.business-standard.com/india/news/sanjaya-baru-manufacturing-superpower/429174/">China, who last week quietly overtook the US as the world&#8217;s largest manufacturer</a>. </p>
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		<title>A Peek At The Past &#8211; Bombay, 1932</title>
		<link>http://engagetraining.wordpress.com/2011/03/17/a-peek-at-the-past-bombay-1932/</link>
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		<pubDate>Thu, 17 Mar 2011 16:33:36 +0000</pubDate>
		<dc:creator>Pragna Sen</dc:creator>
				<category><![CDATA[cross-cultural]]></category>
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		<description><![CDATA[This video presents a fascinating view of Bombay (now Mumbai) from the 1930s &#8211; interesting not just for the things it showcases (which leads you to wonder what&#8217;s really changed in 80 years, and how much), but also for the &#8230; <a href="http://engagetraining.wordpress.com/2011/03/17/a-peek-at-the-past-bombay-1932/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=engagetraining.wordpress.com&amp;blog=13680724&amp;post=154&amp;subd=engagetraining&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.youtube.com/watch?v=ob8n_Aaog58">This video</a> presents a fascinating view of Bombay (now Mumbai) from the 1930s &#8211; interesting not just for the things it showcases (which leads you to wonder what&#8217;s really changed in 80 years, and how much), but also for the perspective of the presenters. </p>
<p>In black and white, the film swings between the Gateway of India and the &#8220;pretentious&#8221; Taj Hotel, fishing villages around Bombay, a fakir and his trained bird and the race course, and speaks of Bombay being a melting pot, where people from different cultures and countries gather. Lovely to watch, and a reference point for comparison, especially if you&#8217;ve been to Mumbai in recent years. </p>
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		<title>The India Business Round-Up</title>
		<link>http://engagetraining.wordpress.com/2011/03/15/the-india-business-round-up-4/</link>
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		<pubDate>Tue, 15 Mar 2011 12:30:50 +0000</pubDate>
		<dc:creator>Pragna Sen</dc:creator>
				<category><![CDATA[Business]]></category>
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		<description><![CDATA[India continues to take strides forward on double tax avoidance treaties. Colombia is next, and discussions aimed at increasing trade with Brazil continue apace. No double tax avoidance treaties with the UK yet, but in a speech in London, Peter &#8230; <a href="http://engagetraining.wordpress.com/2011/03/15/the-india-business-round-up-4/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=engagetraining.wordpress.com&amp;blog=13680724&amp;post=150&amp;subd=engagetraining&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>India continues to take strides forward on double tax avoidance treaties. <a href="http://www.sify.com/finance/colombia-banks-on-tax-treaty-to-push-business-ties-with-india-news-default-ldnmOdaijig.html">Colombia</a> is next, and <a href="http://www.steelguru.com/indian_news/India_to_forge_stronger_trade_and_economic_ties_with_Brazil/195403.html">discussions aimed at increasing trade with Brazil</a> continue apace. No double tax avoidance treaties with the UK yet, but in a speech in London, Peter Mandelson, former business secretary, suggested that <a href="http://news.sky.com/skynews/Home/UK-News/Lord-Mandelson-UK-Exports-Could-Boost-By-27bn-If-It-Increases-Share-Of-Trade-With-Bric-Countries/Article/201103215949976?lpos=UK_News_Second_Home_Page_Article_Teaser_Region_4&amp;lid=ARTICLE_15949976_Lord_Mandelson%3A_UK_Exports_Could_Boost_By_%3F27bn_If_It_Increases_Share_Of_Trade_With_Bric_Countries">UK exports to Bric countries need to be significantly increased</a>. And <a href="http://articles.economictimes.indiatimes.com/2011-03-09/news/28672460_1_second-largest-export-destination-foreign-trade-policy-india-and-china">Israel prepares to increase exports </a>to India and China.</p>
<p>India&#8217;s trade with Japan is expected to be <a href="http://www.deccanherald.com/content/145284/tsunami-havoc-may-hit-india.html">affected in the short term</a> by the offshore earthquake and subsequent tsunami that have devastated the country. </p>
<p>The <a href="http://www.thehindubusinessline.com/features/eworld/article1532137.ece?homepage=true">removal of tax relief from the Software Technology Parks of India (STPI)</a>, which have been responsible in large part for the emergence of India&#8217;s IT industry, has led to fears that SMEs no longer have a chance. </p>
<p><a href="http://www.business-standard.com/india/news/italys-natuzzi-to-expand-in-india-furniture-market/128684/on">Natuzzi, the Italian furniture major, plans to expand its presence in India</a>, going from 2 outlets (in Bangalore, Delhi) to 14 outlets (Gurgaon, Kolkata, Hyderabad, Mumbai) by the end of the 2011.</p>
<p>And finally, a piece on <a href="http://www.guardian.co.uk/sport/2011/mar/15/the-spin-indian-cricket">why cricket in India is a true wonder of the world</a>. </p>
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		<title>The India Business Round-Up</title>
		<link>http://engagetraining.wordpress.com/2011/03/06/the-india-business-write-up/</link>
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		<pubDate>Sun, 06 Mar 2011 21:59:42 +0000</pubDate>
		<dc:creator>Pragna Sen</dc:creator>
				<category><![CDATA[Business]]></category>
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		<description><![CDATA[Rajiv Bajaj, vice-chairman and MD of Bajaj Capital, an arm of one of India&#8217;s oldest and best known business houses, weighs in on how entrepreneurship in India differs from that in the west. &#8220;The West is an “I” society, they &#8230; <a href="http://engagetraining.wordpress.com/2011/03/06/the-india-business-write-up/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=engagetraining.wordpress.com&amp;blog=13680724&amp;post=142&amp;subd=engagetraining&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Rajiv Bajaj, vice-chairman and MD of Bajaj Capital, an arm of one of India&#8217;s oldest and best known business houses, <a href="http://www.livemint.com/2011/03/06194021/Building-on-passion.html?h=C">weighs in on how entrepreneurship in India differs from that in the west</a>. &#8220;The West is an “I” society, they are more individualistic. We are a “we” society; we live for the family; in rural India, we live for the community. Most entrepreneurial ventures in India are family run and not professionally run as in the West; in the West, they segregate ownership from management whereas here there’s a strong alignment between the two.&#8221; I&#8217;m not sure it&#8217;s that simple, but it&#8217;s worth reading. </p>
<p>Meanwhile, as markets continue to open up, women entrepreneurs in India are focusing on mobility, <a href="http://news.in.msn.com/business/article.aspx?cp-documentid=4999244">launching travel companies and safe-cab options, and doing other things of, by and for women</a>. </p>
<p>As airport management continues to be privatised, <a href="http://www.business-standard.com/india/news/celebi-to-invest-100-million-in-india/427444/">Celebi Holdings, a Turkish airport services provider, plans to invest $100 million in its ground handling business in India </a>by the second quarter of financial year 2012-13, and increase double its staff to 10,000 in 5 years.</p>
<p>Wondering why there&#8217;s not enough information about India on the business channels? <a href="http://www.indiantelevision.com/headlines/y2k11/mar/mar52.php">Starting 14 March, CNN International will focus on Indian business for a week</a>, bringing global viewers in-depth business coverage. A dedicated site, www.cnn.com/eyeon, will carry reports, special features and more information.</p>
<p>Sony Corporation&#8217;s chairman, CEO and president, Howard Stinger, admits that Sony&#8217;s recognition of India&#8217;s market potential is a little late, despite their having been in India since 1994, and <a href="http://www.moneycontrol.com/news/business/sony-makingfor-lost-time-focusesindian-market_527678.html">talks about future plans for the market</a>. </p>
<p>The news that Rajat Gupta, one of India&#8217;s best known management professionals, and the first non-Western executive to head McKinsey &amp; Co. (1994 to 2003), has been charged with insider trading, <a href="http://www.washingtonpost.com/wp-dyn/content/article/2011/03/03/AR2011030304218.html">has set off fears that all Indians will be tainted by the same brush</a>. </p>
<p>Although there is pressure on the Reserve Bank of India to provide more banking licenses, <a href="http://timesofindia.indiatimes.com/business/india-business/2G-scam-may-hit-cos-banking-foray/articleshow/7623607.cms">the central bank is taking a stab at reducing corruption, by asking all applicants for No-Objection Certificates</a> from all regulatory and other agencies investigating the telecoms spectrum auction. </p>
<p>Do pricing strategies need to change for the Indian market? $50-billion Kraft Foods certainly thinks so, having launched <a href="http://timesofindia.indiatimes.com/business/india-business/Kraft-takes-a-bite-of-local-biscuit-market/articleshow/7623663.cms">Oreo biscuits in India, through subsidiary Cadbury India, at significantly reduced prices</a>. The launch marks Kraft&#8217;s entry into a new category in India, and the reduced price will be critical to uptake in both urban and rural markets. </p>
<p>AOL&#8217;s $315-million acquisition of online media company The Huffington Post last month may lead them to <a href="http://timesofindia.indiatimes.com/business/india-business/AOL-India-likely-to-see-layoffs/articleshow/7623602.cms">lay off some of their 1,000 employees </a>in India. </p>
<p>Even if you&#8217;re not sure about the Indian market, Warren Buffett is! <a href="http://articles.timesofindia.indiatimes.com/2011-03-03/india-business/28650149_1_insurance-products-corporate-agency-indian-insurance">Berkshire Hathaway is now in the insurance distribution business in India</a>, and will sell retail insurance products of private insurer Bajaj Allianz through a corporate agency. The company expects to expand later to include other retail products such as life, health and householders insurance. </p>
<p>In an attempt to control rising food prices, India is considering banning futures trade in essential commodities, following <a href="http://articles.timesofindia.indiatimes.com/2011-03-03/india-business/28650180_1_futures-trade-futures-market-food-prices">a recommendation by a panel set up to examine inflation</a>. </p>
<p>FedEx deepens its commitment to the Indian market with the <a href="http://www.zawya.com/story.cfm/sidZAWYA20110228151631/FedEx%20Express%20Completes%20Acquisition%20of%20AFL%20Pvt.%20Ltd.%20Businesses">acquisition of AFL Pvt. Ltd. (AFL) and its affiliate, Unifreight India Pvt. Ltd. (UFL)</a>.</p>
<p><a href="http://www.ft.com/cms/s/0/33e6ec28-433d-11e0-aef2-00144feabdc0.html#ixzz1FrJ151Al">Indian business broadly welcomed the budget</a> announced this week, says the Financial Times. </p>
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		<title>The India Business Round-Up</title>
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		<pubDate>Sun, 27 Feb 2011 17:36:27 +0000</pubDate>
		<dc:creator>Pragna Sen</dc:creator>
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		<description><![CDATA[Even as the Human Development Index of 2010 ranks India 119th (out of 169 countries), on factors such as education, life expectancy and per capita income, Citi group report predicts a changing economic world order, with China overtaking the US &#8230; <a href="http://engagetraining.wordpress.com/2011/02/27/the-india-business-round-up-3/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=engagetraining.wordpress.com&amp;blog=13680724&amp;post=123&amp;subd=engagetraining&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Even as the <a href="http://economictimes.indiatimes.com/news/economy/indicators/india-ranks-119-on-human-development-index/articleshow/6874453.cms">Human Development Index of 2010 ranks India 119th (out of 169 countries)</a>, on factors such as education, life expectancy and per capita income, Citi group report predicts a changing economic world order, with China overtaking the US to become the world&#8217;s largest economy by 2020, and <a href="http://timesofindia.indiatimes.com/business/india-business/India-likely-to-be-worlds-largest-economy-by-2050-Citi/articleshow/7556175.cms">India overtaking China by 2050</a>. If you have trouble reconciling these differences, remember that the Human Development Index is a static view of a moving picture, one that indicates steady, if slow improvement. </p>
<p>The Fair Trade campaign in India, if not quite gathering steam, is beginning to take <a href="http://timesofindia.indiatimes.com/city/mumbai/Fair-and-lovely-Fair-Trade-movement-gathers-steam-in-India/articleshow/7531521.cms">baby steps forward</a>. </p>
<p>Meanwhile, India&#8217;s growing trade deficit has led to the creation of a <a href="http://timesofindia.indiatimes.com/business/india-business/Indias-bid-to-double-export-in-three-yrs/articleshow/7559061.cms">4-pronged strategy to double exports to $450 billion by 2014</a>. India will be trying to move into higher value-added products, increase focus on R&amp;D-heavy industries, and build a strong brand for Indian exports, while diversifying export markets to reduce reliance on developed countries.</p>
<p>In a landmark <a href="http://timesofindia.indiatimes.com/business/india-business/India-commits-service-sector-FDI-cap-to-Malaysia/articleshow/7536343.cms">Comprehensive Economic Cooperation Agreement (CECA) with Malaysia</a>, India has committed to present levels of FDI in 84 services sectors, including 100% in wholesale cash-and-carry, and 51% in single-brand retail. This model could be replicated in other trade agreements currently under negotiation. The lower tariffs and import duties and also liberal foreign investment ceilings are expected to provide greater access to foreign companies for India&#8217;s vast talent pool &#8211; as is the case with a <a href="http://economictimes.indiatimes.com/news/news-by-industry/services/travel/visa-power/indians-may-get-20000-visas-under-a-deal-with-eu-report/articleshow/7534461.cms">£4 billion trade agreement reportedly being negotiated with the EU</a>, against a fixed number of visas for highly skilled workers. In a similar deal, <a href="http://www.domain-b.com/economy/Govt_Policies/20110223_anand_sharma.html">bilateral trade between India and Korea is expected to reach $24 billion</a> in 5 years (from $12 billion in 2009-10). India&#8217;s trade with South East Asian nations is <a href="http://www.business-standard.com/india/news/india-asean-trade-may-touch-70-bn-in-3-yrs/126560/on">expected to touch $70 billion by 2014</a>, as a result of a free trade agreement signed last year. India is also thought to be on track to sign an <a href="http://www.steelguru.com/middle_east_news/GCC_and_India_on_track_to_seal_free_trade_accord/193279.html">FTA with the Gulf Cooperation Council</a>.</p>
<p><a href="http://www.automatedtrader.net/real-time-dow-jones/48320/research-in-motion-continue-to-invest-in-developing-india-business">RIM will continue to invest in the growing Indian market</a>, following an assurance that it won&#8217;t be singled out by local security agencies who want to monitor its corporate email service. Dominic Proctor of Group M explains that spend in Indian media is growing, with <a href="http://www.livemint.com/2011/02/24173154/Dominic-Proctor--Media-busine.html">digital media growing the fastest, at 35% over the last year</a>, as compared to other media growing at 20-25%. </p>
<p><a href="http://www.business-standard.com/india/news/microsoft-india-launches-biz-solutions-for-retail-sector/126565/on">Microsoft India has launched &#8220;Microsoft Dynamics AX,</a>&#8221; a new set of point-of-sale, SCM and financial solutions for the retail sector.</p>
<p>By appointing Hardcastle Restaurants Pvt Ltd. their Development Licensee for South and West India, <a href="http://www.business-standard.com/india/news/hardcastle-to-invest-rs-500-cr-in-expansionmcdonald/s-in-southwest/426123/">McDonald&#8217;s appears to be targeting aggressive growth in India</a>. Their plans include a Rs. 500 crore investment to double their presence in the next 3 years.</p>
<p>SAIL (the Steel Authority of India Limited), one of the behemoths of Indian industry, has a new tag-line that reflects <a href="http://www.business-standard.com/india/news/sail/s-retail-sales87-yoy/426120/">the new reality behind India&#8217;s growth</a>: &#8220;Shahar se gaon tak&#8221; &#8211; or, from the cities to the villages. The company is increasing its focus on rural sales, channels and products, to maintain its 8.7% growth rate.</p>
<p>Manulife Financial Corp., Canada’s largest insurer, expecting revenues from Asia to climb to $1.52 billion per year by 2015, aims to fix the &#8220;two obvious gaps in our portfolio&#8221; by <a href="http://www.bloomberg.com/news/2011-02-24/manulife-says-india-and-south-korea-are-obvious-gaps-in-asia.html">entering the Indian and South Korean markets</a>. </p>
<p>Australian firms that have burnt their fingers doing business with India around last year&#8217;s Commonwealth Games have <a href="http://www.theaustralian.com.au/business/media/games-show-theres-traps-aplenty-for-unwary-firms-in-india/story-e6frg996-1226009085607">learned the hard way</a>. &#8220;Just because we speak English, share a love of cricket and have the same legal system, people think it should be easy to break into India, but that could not be further from the truth&#8230; A number of Australian companies have had great success, but it is a long-term story and going in for short-term profit isn&#8217;t going to work. The main thing is, have a local partner and deal more with the private sector&#8221; than government. Doing business in India is an idea whose time has come: In Zurich, <a href="http://www.thehindu.com/arts/magazine/article1485826.ece">they&#8217;re talking about India</a>. </p>
<p><em><strong>So if you&#8217;re interested in doing business with India, the next &#8220;Engage&#8221; workshop is on Wednesday, 9th March, in Russell Square, London. Sign up <a href="http://www.intellectuk.org/component/jevents/icalrepeat.detail/2011/03/09/512/-/doing-business-with-india">here</a>. </p>
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		<title>4 Ages of Modern India</title>
		<link>http://engagetraining.wordpress.com/2011/02/26/4-ages-of-modern-india/</link>
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		<pubDate>Sat, 26 Feb 2011 10:12:09 +0000</pubDate>
		<dc:creator>Ved Sen</dc:creator>
				<category><![CDATA[Business]]></category>
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		<category><![CDATA[amitabh bachchan]]></category>
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		<description><![CDATA[A view of the 4 eras of India, since 1947, and the people, events, generations and cultures that have defined the country and the people.  <a href="http://engagetraining.wordpress.com/2011/02/26/4-ages-of-modern-india/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=engagetraining.wordpress.com&amp;blog=13680724&amp;post=125&amp;subd=engagetraining&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<h1><span style="font-size:16px;color:#444444;line-height:24px;">“The 2 incidents that have most shaped India’s national psyche are partition, in 1947, and Javed Miandad’s last ball six in 1986.”</span></h1>
<p>I’ve forgotten who said this originally, but I have heard it repeated often and it struck a chord for me. It also made me wonder, what were the other defining moments in the journey, for India, and what were the eras in between?</p>
<p>The way I see it, India has been through 4 eras in the 64 years since 1947 – each spanning roughly 15-16 years. It’s instructive to look generations of Indians in terms of the eras they grew up in (age 8-20) in and stretches when they were in positions of power (age 45-60).</p>
<h2>Nation Building; 1947-1962</h2>
<div id="attachment_127" class="wp-caption alignleft" style="width: 122px"><a href="http://engagetraining.files.wordpress.com/2011/02/nehru.jpg"><img class="size-thumbnail wp-image-127 " title="nehru" src="http://engagetraining.files.wordpress.com/2011/02/nehru.jpg?w=112&#038;h=150" alt="Nehru" width="112" height="150" /></a><p class="wp-caption-text">Nehru</p></div>
<p>This was the generation of <a href="http://en.wikipedia.org/wiki/Jawaharlal_Nehru">Jawaharlal Nehru</a>, the first prime-minister of India, a man whose vision defined much of the future of the country. Under his stewardship India adopted the Soviet planning model built around 5 year plans and a sprint for self reliance. Infrastructure and heavy industries were a key focus, as was import substitution.</p>
<p>Nehru’s generation had grown up in pre-independence India. They had fought for freedom and were infused with the dream of nation building. Idealistic and forged through sacrifice, this generation set out to put the bulwarks in place for the growth of the country. Hindsight and economic history tells us that this socialist philosophy outlived its utility by a few years but for the first 15 years of India’s journey as an Independent country, it’s hard to argue against the contribution of this era. Especially as the seeds were sown for the technical institutions such as <a href="http://en.wikipedia.org/wiki/Indian_Institutes_of_Technology">IIT’s</a> which would bear fruit in the generations to come. As would the creation of innumerable public sector industries which would continue to contribute to India’s growth and self reliance.</p>
<p>My parents were born around the time of Independence. My grandfather was sent to jail by the British government briefly for joining in revolutionary activity of the social networking de-jure – he wrote an inflammatory letter. On release he was promptly sent to London by his parents to keep him out of trouble and to complete his education.</p>
<h2>The Lost Generation; 1962-1977</h2>
<p><a href="http://en.wikipedia.org/wiki/Satyajit_Ray"></a></p>
<p><a href="http://en.wikipedia.org/wiki/Satyajit_Ray"> </a></p>
<div class="mceTemp"><a href="http://en.wikipedia.org/wiki/Satyajit_Ray"></a>
<dl class="wp-caption alignleft"><a href="http://en.wikipedia.org/wiki/Satyajit_Ray"></a>
<dt class="wp-caption-dt"><a href="http://en.wikipedia.org/wiki/Satyajit_Ray"></a><a href="http://engagetraining.files.wordpress.com/2011/02/ray.jpg"><img class="size-thumbnail wp-image-130" title="Ray" src="http://engagetraining.files.wordpress.com/2011/02/ray.jpg?w=117&#038;h=150" alt="Ray" width="117" height="150" /></a></dt>
<dd class="wp-caption-dd">Ray</dd>
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<p>Satyajit Ray made his first film over 3 years, having to fund it himself and scratching around for funds from friends and family. He sold his life insurance policy and pawned his wife’s jewels and still had to depend on the largesse of the West Bengal Government and the MoMA, New York. The film (<a href="http://en.wikipedia.org/wiki/Pather_Panchali">Pather Panchali, 1955</a>) went on to be recognized as one of the great films of all time. And Ray went on to dominate the film making industry in Kolkata &amp; India, making films in the style of, and inspired by European greats such as Jean Renoir (The River) and Vittorio De Sica (The Bicyle Thief). Almost all of Ray’s work was in Bengali, which underlines the fact that most people of this time identified first with their language and region, and only afterwards, with the nation.</p>
<p>Through the 60s and 70s, while Ray was enthralling audiences in movie theatres, Indian industry was firmly in the grip the “<a href="http://en.wikipedia.org/wiki/License_Raj">license Raj</a>” – a process of handing out government licenses for setting up any manufacturing business. Access to the licenses and to licensing authorities was never democratic or egalitarian. As a result, this era produced some of India’s great industrial empires, as only established industrialists were able to obtain licenses and capital to expand into newer segments. The very same principles which had aided the initial nation building were becoming significant economic millstones around the countries neck. The seeds of vast economic inequality were sown in this period as the restrictive policies designed to protect the poor were used against them.</p>
<p>Nehru served as the prime minister till his death in 1964. After a brief term of Lal Bahadur Shastri, Mrs. <a href="http://en.wikipedia.org/wiki/Indira_Gandhi">Indira Gandhi</a>, Nehru’s daughter, took office, ensuring a near dynastic rule by the incumbent “Congress” political party. The idealism of the first decade and half of Independence had given way to the stark realities of being a poor, disorganized and a highly dispersed nation. Despair was compounded by frequent floods, food shortages, droughts and epidemics. The country went to war 3 times during this time. The first of these, an unsuccessful war over lines of control, against China effectively marked the start of this 2<sup>nd</sup> era. The other two were wars against Pakistan. This era also witnessed India’s only departure from democracy, during the “<a href="http://en.wikipedia.org/wiki/State_of_Emergency_in_India">emergency rule</a>” of 1975.</p>
<p>My parents entered the workforce in this era. Their childhood may have been defined by the Nehruvian idealism, but their youth was marked by protests against the Indian government, by internal strife and police brutality. The violent and nihilist <a href="http://en.wikipedia.org/wiki/Naxalbari">Naxalbari</a> movement in West Bengal claimed or scarred the lives of many educated, left leaning idealist youths of the generation. I was too young to remember this, but into my protected world came fretful words like “naxal” and “emergency” obviously carrying ill portents.</p>
<p>Mrs Indira Gandhi was defeated in 1977, exactly 30 years after independence. As critical a signpost as any for the end of the second era of independent India.</p>
<h2>The Emerging Nationalism 1977-1992</h2>
<div id="attachment_126" class="wp-caption alignleft" style="width: 114px"><a href="http://engagetraining.files.wordpress.com/2011/02/kapil.jpg"><img class="size-thumbnail wp-image-126" title="kapil" src="http://engagetraining.files.wordpress.com/2011/02/kapil.jpg?w=104&#038;h=150" alt="Kapil Dev" width="104" height="150" /></a><p class="wp-caption-text">Kapil Dev</p></div>
<p>A strange and wonderful thing happened in 1983, when I was 15 and close to finishing my schooling. India won the World Cup in one-day cricket, under the radiantly cheerful <a href="http://en.wikipedia.org/wiki/Kapil_Dev">Kapil Dev</a>. This was an alien feeling for most of us – the idea that we could be the best in the world at anything. We had vanquished the professionalism of the English and the Aussies and the sheer athletic insouciance of the all conquering West Indians. Sunil Gavaskar had previously established himself as the premier opening batsman in the world, but Kapil took the whole nation to the summit. Albeit fleetingly. We have not since climbed that mountain, but it had become possible.</p>
<p>By then, the industrial landscape of India was fairly well set. Well established industrial empires had between them created a stranglehold on opportunities. The rest of the country was subjugated to either working for them or supplying to them. Only a few exploded through this ceiling of controlled ambition. <a href="http://en.wikipedia.org/wiki/Dhirubhai_Ambani">Dhirubhai Ambani</a>, who created Reliance Industries, was one, as was Ramesh Chauhan of <a href="http://en.wikipedia.org/wiki/Thums_Up">Thums Up</a> fame.  <a href="http://en.wikipedia.org/wiki/Karsanbhai_Patel">Karsanbhai Patel</a> – of Nirma – was a third. Their numbers were small enough to warrant instant fame and mention as exceptions. Because of the protection offered from both internal as well as external competition, few products were of world class quality and left consumers across the country hankering for “foreign products”. If something was good, it had to have been made somewhere else – in Japan, in the US, in Germany, anywhere but India. Owning a Marks &amp; Spencer’s shirt was a status symbol.</p>
<p>Bollywood had by then emerged as a major force, thanks to the superstardom of <a href="http://en.wikipedia.org/wiki/Amitabh_Bachchan">Amitabh Bachchan</a>. In most films of this era, he played the angry young man fighting the system. The “system” typically involved corrupt policemen, rogue politicians, morally bankrupt businessmen and dissolute bureaucrats. In the land of make-believe films, the angry young man usually won, with his brand of citizen justice and incorruptible values.  A whole separate “parallel cinema” genre, ironically labelled art-house cinema presented a more real picture, where justice was rarely done. It did seem like a fanciful idea at the time.</p>
<p>I was finishing school and heading to college. <a href="http://en.wikipedia.org/wiki/Presidency_College,_Kolkata">Presidency College</a> reeked of a glorious history, but both the present and the future seemed faintly malodorous. Unlike my parents though, the overwhelming majority of my friends were not Bengali. We were nationally integrated. Further education invariably meant somewhere else in the country. As Calcutta had gone into an accelerated decline, we had regrouped behind Kapil Dev and Amitabh Bachchan, or (<a href="http://en.wikipedia.org/wiki/Rajnikanth">Rajnikant</a>, for those from the southern states) to a more defiant national identity. Underdogs yes, but not without a fight.</p>
<p>Mrs Gandhi, India’s iron lady, was assassinated in 1984, during her second stint in power, by her security guards, as retribution for her brutal suppression of a militant Sikh movement; leading to a spate of violence against Sikhs. India went to the polls and with a wink to democracy, elected her son <a href="http://en.wikipedia.org/wiki/Rajiv_Gandhi">Rajiv Gandhi</a>, arguably the second most idealistic Prime Minister since Nehru, but with no prior experience in politics. He turned a crushing majority into an embarrassing defeat by 1989, by which time the country was on the brink of bankruptcy. A flurry of changes followed till PV Narasimha Rao took over in 1991. It wasn’t Narasimha Rao directly, but his finance minister Mr. <a href="http://en.wikipedia.org/wiki/Manmohan_Singh">Manmohan Singh</a>, who is credited with propelling India into the next era albeit as an outcome of the bankruptcy crisis.</p>
<p>By which time, somewhat fortuitously, I was in Ahmadabad, Gujarat, attending business school, and dreaming bigger dreams than I had dared to, previously.</p>
<h2>Global Ambitions; 1992-2007</h2>
<div id="attachment_128" class="wp-caption alignleft" style="width: 160px"><a href="http://engagetraining.files.wordpress.com/2011/02/nilekani.jpg"><img class="size-thumbnail wp-image-128" title="nilekani" src="http://engagetraining.files.wordpress.com/2011/02/nilekani.jpg?w=150&#038;h=144" alt="Nilekani" width="150" height="144" /></a><p class="wp-caption-text">Nilekani, Infosys</p></div>
<p>The allegorical and counterfeit Chinese proverb involving crisis, danger and opportunity has been repeated so many times to me that I requested a colleague to explain it down to me in writing, while I was working in Hong Kong in, 1999. And while proved not to be true, it was a reality for India in the early 90s. We were all hunkered down for a tidal wave of global mega corporations who were going to run amok in the Indian market place and take over our economy, our culture and our lifestyles. After all, we all knew how most Indian goods were inferior and everything from jeans to <a href="http://en.wikipedia.org/wiki/Space_Dust">space dust</a> came from outside the country.</p>
<p>Suddenly, opportunity was everywhere. If it wasn’t to make software for global companies, it was to do their number crunching for them. Or their medical transcriptions. Of course, this meant significant opportunities for training, education and serving these growing firms internally. It wasn’t just about software, though. Many Indian manufacturers, some of whom had been quietly producing world-class components through the license era (Sundaram Fasteners comes to mind), were able to blossom. Financial liberation and the <a href="http://wiki.answers.com/Q/What_is_rupee_convertibility">current account convertibility</a> meant that goods and services could be fluently sold across borders. And travel and tourism flourished as well. Notably, in 1987, my good friend Arindam struggled to organize an application fee for a college in the US because of the stringent restrictions of Rupee-Dollar conversions. Today, people sitting in Mumbai or Bangalore regularly buy goods off Amazon in America to have them shipped to friends, in the US.On the contrary, it turned out that like exposure to a vaccination, India discovered a deep well of immunity to the foreign economic invasion. After all, this country had a history of welcoming invaders and then sucking their culture and mixing it up with local flavours to create entirely new tastes and subcultures. We made Urdu out of the Mughal invasions and the Anglo Indian community with the British. And so, as we welcomed back Coke, P&amp;G and IBM, we didn’t let go of Thums Up, of Nirma and we grew our own <a href="http://www.infosys.com/pages/index.aspx">Infosys</a>. It turned out that all those decades of being poor had made us quite innovative. And India flourished from the 90s. Every crisis, whether global or local, was turned into an opportunity.  The Y2K problem helped technology firms enter an entirely different orbit of growth. Short term pain was very quickly absorbed, and innovation flourished.</p>
<div id="attachment_131" class="wp-caption alignright" style="width: 310px"><a href="http://engagetraining.files.wordpress.com/2011/02/tata-steel-1991-2015.jpg"><img class="size-medium wp-image-131" title="tata-steel-1991-2015" src="http://engagetraining.files.wordpress.com/2011/02/tata-steel-1991-2015.jpg?w=300&#038;h=141" alt="Tata Steel 1991-2015" width="300" height="141" /></a><p class="wp-caption-text">Tata Steel 1991-2015</p></div>
<p>If it was going to take a more capital intensive approach to be world beaters, well, that’s what we were going to aim for! You only have to glance at the transformation in <a href="http://www.tatasteel.com/">Tata Steel’s</a> numbers over the last 20 years to see a microcosm of the change in India.</p>
<p>Indian politics has become increasingly fractious and fraught with coalitions. Uneasy truces and power sharing deals circumscribe the pace of policy change. Manmohan Singh, coincidentally born in the same year as Dhirubhai Ambani, has been Prime Minister of India for 7 years now. Sadly, the man who created the boldest economic policy India since the 50s is now a figurehead – who is conspicuous by his anaemic inaction. But politicians have learnt to keep out of the way of progress for the most part. It seems like as Indian businesses have become global successes, our politicians have become more unsavoury.</p>
<p>Meanwhile, <a href="http://en.wikipedia.org/wiki/Sachin_Tendulkar">Sachin Tendulkar</a> has gone where no cricketer has gone before him. He is on the verge of scoring 100 centuries across tests and one-day cricket. But the man who made Indian cricketers competitive globally was arguably Sourav Ganguly, the abrasive former captain, who gave his team the courage and gumption to cast off their “third world” meekness and look the combative Australians in the eye. And arm in arm with cricketers, <a href="http://en.wikipedia.org/wiki/Bollywood">Bollywood</a> has blossomed from a ham-handed make believe world, into a recognized genre with slick production and uniformly breathtaking cinematography with global appeal. The Kapil &amp; Amitabh brigade has yielded to the Sachin-<a href="http://en.wikipedia.org/wiki/Shahrukh_Khan">ShahRukh</a> era.</p>
<h2>For Our Next Trick; 2007 –</h2>
<div id="attachment_129" class="wp-caption alignleft" style="width: 129px"><a href="http://engagetraining.files.wordpress.com/2011/02/pranav.jpg"><img class="size-thumbnail wp-image-129" title="pranav" src="http://engagetraining.files.wordpress.com/2011/02/pranav.jpg?w=119&#038;h=150" alt="Pranav Mistry" width="119" height="150" /></a><p class="wp-caption-text">Pranav Mistry, MIT</p></div>
<p>By the same logic, we are now in the early stages of the next era. What lies ahead?</p>
<p>Global travel and work is as much the norm now as travelling across the country was, when I left Kolkata to study.  And looking at this exploding India from a safe distance, i.e. London, it’s easier to objectively look at this phenomenon. As a friend recently put it after visiting Pune, a new generation has grown up in India that “doesn’t know that India is a poor country”. They have only seen growth, success and ambition.</p>
<p>The Indian cricket team have achieved #1 status in tests and sit second in one-days. Bollywood music can be found in the by lanes of Cusco and Cairo. Indian technologists now man senior positions in some of the most valuable businesses such as Google and Microsoft. Indian managers have also risen to the tops of Pepsi and MasterCard. It’s fair to say that India has arrived on the global scene. But what is more noteworthy is the emergence of the small town India. India’s cricket captain was born in Ranchi, not Mumbai. The whiz-kid <a href="http://en.wikipedia.org/wiki/Pranav_Mistry">Pranav Mistry</a>, inventor of the Sixth Sense wearable computing interface hails from Palanpur, not Bangalore.</p>
<p>In the glow of this brave new ambition lies a brashness that defines the new India. The defining emblem of this brashness is the IPL. Loud, ostentatious and in your face, a marketing success story that pits the best against the best. Strangely, though, in a country that has been twice embarrassed in 12 months for its inability to organize and run major tournaments. There is clearly a lesson here – channelling the ambition and energy will help India fulfil the prophecies of becoming the second biggest economy in the world in another few decades. But if allowed to turn into false hubris, could easily derail and trip the real progress – in the mind. For now, though India is just enjoying the exhilaration of sprinting instead of crawling!</p>
<p>Forgotten is the Javed Miandad 6 off the last ball that confirmed to most Indians our deepest fears – that we simply weren’t good enough. Smart Indians now walk the global corridors of Goldman Sachs and manage hedge funds in New York. Or are building internet businesses in Mumbai. Their target is no longer import substitution or self sufficiency, its global domination. Comfortable anywhere in the world, the Indian sports fan wears an Arsenal jersey with the same comfort as he argues Rahul Dravid’s limitations in 20-20 cricket.</p>
<p>Nestled between the ambitions and the wealth, though, lies the 70% of India, waiting for their turn. Corporate India has made poverty vanish – sometimes by pretending that it doesn’t exist. But India’s social sector is thriving too. The <a href="http://en.wikipedia.org/wiki/Microfinance">microfinance</a> industry is awash with innovations, and the voluntary sector is increasingly manned by highly competent people.  Having embraced capitalization and tasted the fruits of globalization, might India be ready to recall some of Nehru’s ideals? To cite another possibly specious Chinese quote, this one reportedly from Confucius: “In a country well governed, poverty is something to be ashamed of. In a country badly governed, wealth is something to be ashamed of.”</p>
<p><em>ThinkPLANK&#8217;s next training session &#8220;<a href="http://www.intellectuk.org/je-monthly-calendar/icalrepeat.detail/2011/03/09/512/-/doing-business-with-india" target="_blank">Doing Business With India</a>&#8221; is on the 9th of March, at Intellect, UK. </em></p>
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		<title>BP Signs $9bn Deal With India&#8217;s RIL for 30% Stake</title>
		<link>http://engagetraining.wordpress.com/2011/02/21/bp-signs-9bn-deal-with-indias-ril-for-30-stake/</link>
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		<pubDate>Mon, 21 Feb 2011 15:59:54 +0000</pubDate>
		<dc:creator>Pragna Sen</dc:creator>
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		<description><![CDATA[Reliance Industries Limited (RIL) has signed a joint venture agreement with British Petroleum (BP) for a 30% stake in RIL&#8217;s 23 oil and gas blocks. The deal, valued at $9 billion, is one of the biggest foreign direct investments in &#8230; <a href="http://engagetraining.wordpress.com/2011/02/21/bp-signs-9bn-deal-with-indias-ril-for-30-stake/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=engagetraining.wordpress.com&amp;blog=13680724&amp;post=121&amp;subd=engagetraining&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p>Reliance Industries Limited (RIL) has signed a joint venture agreement with British Petroleum (BP) for a 30% stake in RIL&#8217;s 23 oil and gas blocks. The deal, valued at $9 billion, is one of the biggest foreign direct investments in the country. The two companies will also form a 50:50 joint venture for the sourcing and marketing of gas in India.<br />
&#8220;This partnership meets BP&#8217;s strategy of forming alliances with strong national partners, taking material positions in significant hydrocarbon basins and increasing our exposure to growing energy markets,&#8221; said Mr. Carl-Henric Svanberg, Chairman of BP.</p>
<p>Read more about this <a href="http://profit.ndtv.com/news/show/mukesh-ambani-s-ril-signs-9-bn-deal-with-bp-141776">here</a>. </p>
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		<title>Pod-Land: The Guardian Business Podcast on India&#8217;s Booming Economy</title>
		<link>http://engagetraining.wordpress.com/2011/02/20/pod-land-the-guardian-business-podcast-on-indias-booming-economy/</link>
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		<pubDate>Sun, 20 Feb 2011 22:51:13 +0000</pubDate>
		<dc:creator>Pragna Sen</dc:creator>
				<category><![CDATA[economy]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[IT]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[Offshore]]></category>
		<category><![CDATA[Trade]]></category>

		<guid isPermaLink="false">http://engagetraining.wordpress.com/?p=118</guid>
		<description><![CDATA[This week&#8217;s &#8220;The Business podcast&#8221; from The Guardian is about India. Featuring Raghuram Rajan (economic advisor to the Prime Minister of India), Pranab Bardhan (professor of economics at University of California, Berkeley), Patrick French (author of several books on India) &#8230; <a href="http://engagetraining.wordpress.com/2011/02/20/pod-land-the-guardian-business-podcast-on-indias-booming-economy/">Continue reading <span class="meta-nav">&#8594;</span></a><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=engagetraining.wordpress.com&amp;blog=13680724&amp;post=118&amp;subd=engagetraining&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.guardian.co.uk/business/audio/2011/feb/16/business-podcast-india-booming-economy">This week&#8217;s &#8220;The Business podcast&#8221;</a> from The Guardian is about India. Featuring Raghuram Rajan (economic advisor to the Prime Minister of India), Pranab Bardhan (professor of economics at University of California, Berkeley), Patrick French (author of several books on India) and John Ross (visiting professor at Antai College of Economics and Management, Jiao Tong University, Shanghai), it provides a quick overview of India&#8217;s growth and economic challenges. Worth a listen. </p>
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