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India at a glance

    Political system and government

  • India attained independence from British rule on Aug. 15, 1947. The 1950 constitution provides for a parliamentary system of Government. There are 28 states and 7 Union Territories. There is a healthy competition between all the states to attract Foreign Direct Investment (FDI) for speedy economic growth and employment generation.

  • Languages spoken

  • India is a multilingual society with 18 principal languages recognized by the Constitution. Hindi is the language of a large percentage of people, while English is the preferred business language.

  • International airports

  • Bangalore, Chennai, Hyderabad, Kochi, Kolkata, Mumbai, New Delhi, Thiruvananthapuram.

  • Competitive advantages

  • Stable democratic governance throughout 55 years of independence.

  • Large Middle Class Market of 300-350 million people with increasing purchasing power, as reflected by a sustained growth in sales of consumer durables in recent years.

  • Foreign investment is welcome in almost all sectors barring those of strategic concern like atomic energy, railways and sensitive defence production. Large and diversified manufacturing base spread across the country.

  • Thrust on technology, innovation and knowledge based services.

  • Well developed R&D infrastructure and technical marketing services.

  • Developed banking system, commercial banking network of over 63,000 branches, supported by a number of international banks, insurance joint ventures and state level financial institutions.

  • India is developing as one of the largest cost-competitive technical workforce nation.

Current developments in India

    My trip to India

  • I was in India from December 6, 2009 to January 10, 2010. During my stay I visited the following cities: GURGAON, HYDERABAD, CHENNAI, DELHI, AHMEDABAD and BANGALORE.

    What impressed me the most is the confidence shown by my friends and relatives, as well as the workingman on the street, in the Indian economy.

    Entrepreneurs are emerging, manufacturing, cottage industries and the service sectors are booming. In all big cities, real estate is booming.

    Builders like Saraha, Jay P. Green and DLF are building large communities. IMF and private investment is busy in building infrastructure.

    In provinces like Gujarat, Maharashtra, Karnatka, Chennai, Punjab, Haryana, there is a minimum of 4-lanes in traffic.

    There are new airports in Mumbai, Delhi, Hyderabad, and Bangalore, and more are being built in other cities to accommodate domestic traffic. New domestic airlines are coming up.

  • Japan-India Agreements

  • The government of India, TATA, AMBANI, KCT and MITT AL signed an agreement with the government of Japan to build an industrial corridor from Delhi to Mumbai, a distance of 1,400 Km.

    There will be 6 zones of 200 km each to build manufacturing and service industry factories. This will be completed in the next 10 years. An investment of nearly 500 billion dollars.

    The government of Japan has already allocated 300 million dollars for infrastructure and the acquisition of land.

  • New Plants Opening

  • A NANO Plant is being built in Gujarat, which will employ 2000 people in future.

  • MITTAL STEEL plans to build two more steel mills in Bihar and Orissa.

  • Gurgaon is becoming another Bangalore of the North.

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