Second Menu

Wednesday, July 1, 2015

[MTC Global] Re: Raining Funds

Dear All,

Great News keep pouring this week:

  • On 1st July, the launch of Digital India has drawn investments worth Rs 4.5 lakh crore and will create 18 lakh jobs.
  • On June 30 a group of U.S. industry executives from the U.S.-India Business Council (USIBC) met with the Chief Minister of Maharashtra, Devendra Fadnavis for a discussion about investment opportunities in the state and bagged investments worth Rs 4,500 crore that will create 50,000 jobs
  • Blackstone, a global investment and advisory firm, is learnt to have given its consent to invest Rs 750 crore in EON Free Zone SEZ, Rs 1,200 crore in Hingewadi Phase -III, Rs 1,500 crore in IT Park in Central Mumbai and Rs 1,050 crore in another IT Park in Mumbai.
  • The state delegation signed an MoU with Blackstone and Panchshil Joint Venture (SPV) for three different projects. Coca Cola too has announced Rs 500-crore investment at Lote Parshuram in Chiplun (MIDC).

Cheers,

G.S.Autee




From: join_mtc@googlegroups.com <join_mtc@googlegroups.com> on behalf of Mr. Govind Autee <govind.autee@mit.asia>
Sent: Wednesday, July 1, 2015 9:54 AM
To: join_mtc@googlegroups.com
Cc: Munish Sharma
Subject: [MTC Global] Re: Raining Funds
 

Dear All,

Domestic investors have also reposed more confidence: 

  • Rights issues too climbed to four-year high in FY15, 50% more than last year.
  • Firms raised Rs 6,750 crore in 2014-15 from 18 issues;
  • more firms than last year took the opportunity to float rights issues to raise capital by tapping on to their existing shareholders.
Cheers,
G.S.Autee


From: join_mtc@googlegroups.com <join_mtc@googlegroups.com> on behalf of Mr. Govind Autee <govind.autee@mit.asia>
Sent: Tuesday, June 30, 2015 2:40 PM
To: Prof. Bholanath Dutta; join_mtc@googlegroups.com
Cc: Munish Sharma
Subject: [MTC Global] Raining Funds
 

Raining Funds - Message is Loud and Clear.

  • Venture capital funds total to Rs 15,600 crore into Indian start-ups this year; surpasses inflow in all of 2014 ; thanks to increasing smartphone adoption and Internet penetration.
  • Foreign Policy magazine's Baseline Profitability Index points to India being the top destination for investment in 2015. It goes on to show that investor perception remains good about India.
  • The economic diplomacy space here has considerably expanded.
  • Sensex has increased from roughly 24,700 points in May 2014 to near the 27,500 points mark at present.
  • India's FDI inflows jumped 22 percent to reach $34 billion in 2014.
  • India also regained the top slot in remittances with overseas Indians sending back a staggering $70 billion in 2014, according to World Bank estimates. 

What has worked well?

  • India's increasing foreign engagement where it remains a beneficiary of official bilateral aid
  • The reform process has to be pursued more aggressively and quickly.

What further is expected?

  • India needs to improve its competitiveness by making it easier to start, operate and wind down a business operation in India. 
  • Also to compete infrastructure, tax rates and skills need to be bettered and much will be dependent on India's execution capability. 

Authors...

Sankalp Sharma, Senior Researcher at the Institute for Competitiveness, India.

Amit Kapoor is Chair, Institute for Competitiveness & Editor of Thinkers. 


--
MTC GLOBAL- Educate, Empower, Elevate
---
You received this message because you are subscribed to the Google Groups "Management Teachers Consortium, Global" group.
To unsubscribe from this group and stop receiving emails from it, send an email to join_mtc+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.

--
MTC GLOBAL- Educate, Empower, Elevate
---
You received this message because you are subscribed to the Google Groups "Management Teachers Consortium, Global" group.
To unsubscribe from this group and stop receiving emails from it, send an email to join_mtc+unsubscribe@googlegroups.com.
For more options, visit https://groups.google.com/d/optout.

No comments:

Post a Comment