Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do.
There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Wednesday, 25 June 2014

WHY INDIA ?

Dear  Chamber  President ,



As a business destination , why is India important to your Member Firms  ?


Following recent news are an indicator  :


FOREIGN DIRECT INVESTMENT

 proposals approved by Government of India , in June 2014 :


     #   Magneti Marelli ( 50:50 Joint Venture ) for Shock Absorbers

     #   Lladro ( Italy :  Luxury Porcelain Figurines )

     #   Bulgari ( Italy : Jewelry / Luxury brands  )

     #   Stephano  Ricci  ( Italy :  Luxury Life Style for men )

     #   Walt Disney (USA : Equity of $ 185 Million in UTV Software )

     #   Canada Pension Plan Investment Board { CPPIB } to invest

#   Nivea  (Germany) Investment of $ 160 Million to                      
     Manufacture Cosmetics in 70000 sq. mtr. factory

           $ 335 million in L& T Infrastructure Development Ltd



REPORTS


      #   Boston Consulting Group ( 14th Annual Report )


    India has 175,000 millionaire households in 2013 ,
ranking 15th in the World – and projected to become
the 7th wealthiest nation by 2018
         
    Total Private Wealth in India was $ 2.2 TRILLION in
2013-14 , which will rise to $ 5 TRILLION in 2018



           #    CISCO ( Networking Solutions  )


                  In India , there will be 526 MILLION total internet users
                  by  2018 , up from 213 MILLION in 2013



           #     Credit Suisse ( 4th Annual Report )


       * Total wealth in India is $ 3.6 TRILLION

       *  Number of “ Dollar Millionaires “ in India is 302,000

       *  “ Wealth per Adult “ in India is expected to grow at
           9.3 % Compounded Annual Rate



#    World Bank


       Country Director for India , Onno Ruhl says ,

       “  We have concluded IDA-17 negotiations. India has got
       a transition support of $ 3.5 Billion
   
        India’s single borrower limit has gone up to $ 20.5
        Billion , after the increase

        We are working in Solar Energy and I think , India is
        Well positioned to become a global powerhouse in solar”


    EQUITY MARKET

     
      Market Cap of India’s publicly listed companies crossed
      $ 1.52 TRILLION , in June 2014



    INDIRECT  TAX  COLLECTION


      Collection went up to $ 5 TRILLION in 2013-14



    LABOR  FORCE  and  WAGES


      As per National Sample Survey of India ,


40 % of India’s population ( 496 Million ) constitutes

Labor force

Of these 496 million , 51 % ( 253 Million ) are Self-

Employed

Average Wage / Salary in urban areas is Rs 365 ( $ 6 )

per day ( not per hour ! )




How can your Member Firms participate in India’s growth  ?


By forming Joint Ventures /  Technical Collaborations /  Dealer Agreements , with 2,27,000 + Indian Companies listed in  ,




How can your Chamber facilitate this “ Dialogue “ between your Member Firms and Indian Companies  ?


Simply by forwarding this email to your Members  !



With regards ,



( click to view my profile )


hcp@RecruitGuru.com




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