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Dear Member, dear Reader
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After the boom, the boon?
2007 will go in history as the year when India tilted the economic power scale irreversibly in its favour.
India indeed invested more overseas than the World invested in India: US$ 33 billion, compared to US$ 15 million.
In the European Union alone, India invested € 10 billion in contrast with € 11 billion invested by the EU in India in 2007, according to Eurostat.
In contrast China and Hong Kong combined invested in the EU barely € 1,6 billion against EU investment of € 1,8 billion in China and € 6 billion in Hong Kong.
This is a quantum jump from € 1 billion in 2006, fueled by mega deals such as:
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Tata Motors taking over Jaguar and Land Rover of UK for over € 1.3 billion.
Suzlon Energy acquiring Repower Systems of Germany for € 1.2 billion
United breweries buying Scotch maker Whyte and Mackay for € 800 million
That is only a beginning: According to Invest in France and Invest in Germany, Indian investment in the EU in 2008 is expected to reach € 16 billion.
Those in Europe who still see India as a typical recipient of compassionate aid may have to drastically change their perception and look at India as a source of investment in their own backyard and as a potential provider of wealth and jobs in Europe.
This is typically is the premise on which the EuroIndia Centre was built: Instigating a parity dialogue to evolve win-win solutions to common problems.
On the same premise, we intend to expand the Euro-Indian dialogue at city-level towards promoting Indian investment in European cities and vice versa, the "I" of our new KITE strategy (Knowledge, Investment, Tourism & urban Excellence).
The "Route des Indes" is back, albeit with spices, indigo and cotton fabrics being replaced by high-end services and direct investment. Hail to the Indian boon!
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Yours sincerely,
Michel Sabatier
Secretary-General
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Vantage Point |
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Driven by growing middle class, reduced taxes and improved distribution system beer consumption in the country has gone up more than 90 per cent since 2002.
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Politics and Economy |
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The Congress led UPA government, which had been dithering on the on the vexed issue of raising the domestic prices of petroleum products even as the global price of crude was skyrocketing, has finally been compelled to act.
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Policy & Regulations |
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The Reserve Bank of India has liberalized rules for overseas investments by Indian companies in energy and natural resources sectors such as oil, gas, coal and mineral ores.
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Foreign Investment |
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Infrastructure and Industry Monitor |
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Tata Motors completes Jaguar and Rover buy
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Article Alert |
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Memberspeak |
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