INDIA INTELLIGENCE REPORT
 

News Analysis - March 12, 2007

 
  • Pak Alienating Neighbors, World Powers (March 12, 2007)
    Despite signs of souring relations with Tehran and strained relations with Washington, Pakistan has asserted that it will not allow its territory to be used by the U.S. for anti-Iran operations.<More>

  • Child Welfare Continues to be Neglected (March 12, 2007)
    Despite children forming one-third of India's population and continued independent reports on their neglected state, programs that hope to prevent and protect their rights received a paltry allocation of Rs. 90 crore (USD 20 million).<More>

  • Medicine Abuse Rising in India (March 12, 2007)
    A recent United Nations International Narcotics Control Board report expressed concern over the rise in the use of cocaine and excessive abuse of painkiller and cough syrups medicines.<More>

  • Moon Mission on Track (March 12, 2007)
    The federal government sanctioned Rs. 100 crore (USD 22 million) for the Chandrayaan-I project that will see the Polar Satellite Launch Vehicle (PSLV) launch the spacecraft 100 kilometers from the Lunar orbit in March 2008.<More>

  • BMW from Chennai by March (March 12, 2007)
    BMW India announced plans to roll out its first car (BMW 320ia) from the Chennai manufacturing hub by the end of March and also disclosed plans to manufacture the 5 series from India.<More>

  • Maxis Budgets Rs. 2000 Crore (March 12, 2007)
    Malaysian company Maxis Communications owning 74 per cent stake in mobile telecommunications operator Aircel Cellular plans to invest Rs. 2000 crore (USD 454 million) and reach eight million subscribed in 2007-08.<More>

  • Indians Buying Malaysia Property (March 12, 2007)
    About 700 rich Indians, businessmen, and film stars seem to buying property for residential properties in Kuala Lumpur after Malaysian Government modification of rules regarding foreign ownership of property in December 2006.<More>

  • India No. 2 Investor in Bavaria (March 12, 2007)
    According to foreign trade and location marketing of German state of Bavaria Thies Claussen, India may soon assume the second largest foreign investor in the state known for technology and industry.<More>

  • Jindal's Bolivian Steel Plants for USD 2.1B (March 12, 2007)
    Steel major Jindal Steel and Power Ltd (JSPL) announced agreements with Bolivia to invest USD 2.1 billion to set up a six million tonne sponge iron plant, 10 million pellet plant, and 1.7 million ton steel plant.<More>

  • India Set to Become No 2 in Telecom (March 12, 2007)
    According to Telecommunications Minister Dayanidhi Maran, India will overtake the U.S. and assume the second position in subscriber terms in 20 months.<More>

  • Essar Looking at Minor Stake in Libyan Oil (March 12, 2007)
    The Essar Group is looking to pick up a minor stake of 20 per cent in Phoenix Libya, oil and gas field, with rights to increase stakes to 50 per cent.<More>

  • US State of Georgia Trade Office in Bangalore (March 12, 2007)
    The U.S. State of Georgia is planning to extend trade office by Fulton County and set up a full-fledged trade office in Bangalore to find new markets for Georgia-made products, attracting new investments, and promoting tourism.<More>

  • Suzlon Buys REpower for €1.02B (March 12, 2007)
    World's fifth largest wind turbine marker Suzlon Energy outbid French Areva offer by 20 per cent to buy Germany-based REpower Systems on an all-cash deal worth €1.02 billion along with Portugal's largest builder Mota Engil.<More>

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