I know I don't understand economics too well, but it does not
sound to me like an explanation at all.
How is it that while India is seeking FDA day in and day out,
Indian capital goes to UK or wherever, chasing QUICK RETURNS. What is
so slow about desi-returns? Why can't it be as quick as UK 's? What is
the matter?
And if desi-capital goes to UK seeking faster returns, then how
can India expect other sources of capital flocking to its shores from
outside? Won't these prospective FDIs instead go seeking the same
quicker returns that desi-capital goes seeking where they are to be
found?
tHere has to be a better, more rational explanation. But what is
it?
At 2:16 PM -0700 6/12/05, Dilip/Dil Deka wrote:
The following will give some clue. Money goes where it produces quick return or promises big return in the future. With the easing of restrictions in India, it has become easier for money to flow in and out. Is it bad?
Isn't it similar to Japanese investment in USA and US companies investing in Japan? If you shed your concept of India as a beggar and see her as an emerging strong economy, it is easier to believe what is happening.
Dilip
Indian Owned Businesses Represent 5 % of London's Economy
India is the 2nd Largest Investor in the UK From Asia; London Attracts Half of all Indian Investments into Europe
New Delhi, Delhi, India, Tuesday, March 15, 2005 -- (Business Wire India)
Over 10,000 Indian-owned businesses, including 140 Indian multi-national companies operate in London and employ 49,000 people. Together these businesses generate a combined turnover of over USD 14.4 billion, representing five per cent of London's economy. These facts are highlighted in a new report called Indian Communities in London, released by Think London, the official inward investment agency for London, a partner agency of the British Government organisation - UK Trade & Investment. The report highlights the substantial contribution of the Indian community to London's economy and way of life.
The highlights of the report were shared by Mr Michael Charlton, Chief Executive Officer, Think London today.
Speaking on the report, Mr Charlton said, �One in every ten people in London originate from the Indian subcontinent. The synergies between the vib! rant, fast-growing and services-driven economies of the UK and India have resulted in the UK becoming India's gateway to Europe. Indeed, London, voted as Europe's best city for business for 15 consecutive years, attracts half of all Indian investment into Europe.�
There are now more Indian companies listed on the London Stock Exchange than on the New York stock exchange and NASDAQ combined. These include the State Bank of India, Bajaj Auto, Gail (India), Reliance Energy, Raymond, Bajaj Auto, Ashok Leyland, Associated Cement Co, and East India Hotels.
�India's globalisation process has been uniquely balanced with India being the only developing country among the top ten nations for both attracting FDI and making investments globally. In fact, India ranks fourth in the list. Our impression is that this so far has been led by industry and supported by the encouraging policies of the government here�, said Mr Charlton.
Indian businesses expanding offshore are ! targeting the UK- the number investing in the UK rose 47 per cent in 2003-04 from the previous year. India is now the 2nd largest source of FDI into the UK from Asia in terms of projects and jobs generated and rank among the UK's top ten Foreign Direct Investment markets, according to figures from UK Trade & Investment.
�Indian investors are choosing the UK and London as a good fit for the Indian entrepreneurial spirit - the UK provides dynamic businesses the ability to grasp new opportunities, technologies and markets through agility and innovation in an open and cost-effective environment,� said Mark Dolan, Deputy Director, Inward Investment, India.
Over the last eight years India's overseas investment in Europe has seen an incredible rise of 450 percent according to Ernst & Young's European Investment Monitor. Today, India has emerged as the second largest source of FDI into the UK from Asia in terms of projects and jobs created.
The report, Indian communities in London, observes that the British capital has been a popular destination for Indians since the beginning of the 17th century. Currently home to 173,000 nationals from India, London accounts for over a third of the resident Indian population in the UK. With the British born people of Indian origin included, this number accounts for 437,000, accounting for six per cent of London's population.
Flight routes from India to London are UK's busiest, with over 60 flights a week to and from nine Indian cities. Nearly 4000 of 16000 students from India in the UK are currently studying in London. This demonstrates the influence of India's growing presence in the UK economy.
Indian communities have made their mark on many aspects of London's life, participating at all levels of business, politics and cultural activities. London is a home to all major Indian languages, restaurants, places of worship, books and music.
A host of dedicated business servic! es are available to support the Indian business community in London, including all of the major Indian public and private sector banks, specialist Indian legal centres and translation and interpreting services. Think London's free advisory services have helped over 200 companies from Asia Pacific to set up, develop and expand their businesses in London. From India the agency has worked with both large multi-national enterprises and smaller entrepreneurial firms. Think London's Indian clients include ICICI Bank, Tata Elxsi, SBI Capital Markets, Yash Raj Films, Polaris and Kale Consultants.
Chan Mahanta <[EMAIL PROTECTED]> wrote:
While I congratulate desi-bidnesswallas for doing so well in UK and
elsewhere, one question appears like a baffling conundrum to this
witless observer:
** How is it that desi-bidness is making a bee-line to Britain, while
the 'des' is desperately seeking FDI from elsewhere? I could
understand if they run from Assam or the NE but form 'des' itself?
What in Ganesh's name going on out there?
Am I hearing things again? Or is there a plausible explanation that
escapes this numbskull?
cm
India breaks into top league
RASHMEE ROSHAN LAL
TIMES NEWS NETWORK[ MONDAY, JUNE 13, 2005 12:10:44 AM ]
Surf 'N' Earn -Sign innow
LONDON: In an extraordinary updating of history, London's mayor has
boldly gone where the Grand Old Man of India once went before, by
reversing Dadabhai Naoroji's 1901! theory of the drain of wealth from
the Ganges to the Thames.
Now, says mayor Ken Livingstone in a new report due out on Monday
night, there is a constant and cheering mutually-beneficial flow of
wealth from the Ganges to the Thames with Indian foreign direct
investment in the British capital second only to that of the US.
Livingstone's report, titled somewhat cheekily From the Ganges to
the Thames, says London was the destination for 55 of 119 Indian FDI
projects in Europe between 1997 and 2004. It represents a remarkable
rise from a grand total of just five Indian FDI projects in 1997.
The report, commissioned by the mayor to reflect the altered reality
of voluntary Indian contribution to the British economy, uses the
Ernst and Young European Investment Monitor to identify trends and
patterns of Indian FDI into London, the UK as a whole and the
rest of Europe.
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