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Jul 17
2007
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Heard On The StreetPosted by Bipin in Untagged |
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Economic progress continues in India. China has established itself in a different league by itself. Read more about the information coming from field.
Nokia has two thirds of the market share of cell phones in India! Motorola has about six percent. How come Nokia has been able to capture so much market share when Motorola is struggling to establish itself? The reason may be hidden in Motorola's poor quality handsets and lousy software interface. Not to mention that the cell phone battery in Motorola handsets die in less than two years! Indian and Chinese consumers are known to be extremely value conscious. Try selling poor quality inexpensive handsets to Indians and Chinese and they are going to run away faster than you could imagine.
- New automotive hub, India? Yes, that is what is in the plans. Hyundai has already announced its intentions to make India the automotive export hub.
- Renault teaming up with Bajaj to fullfill its dream small car.
- China has added $266 billion to its foreign exchange reserves in first half of 2007. This is more than what they added in entire 2006!
- China also has accumulated total of $1.33 trillion in its foreign exchange reserves kitty.
- Asian countries have accumulated $3.52 trillion in foreign exchange cash reserves.
- India approves 26 new Special Economic Zones including one proposed by Reliance.
- Reliance plans to introduce 2500 western style supermarkets over next three years. It already has a head start in the city of Hyderabad.
- Wipro is buying firms with expertise in computer aided design and engineering services.
- Knowledge Process Outsourcing is expected to be $18 billion industry by 2010.
- 350 Japanese companies are active in India compared to 30,000 in China.
- Japan & India are embarking on the development of corridor between India's political capital, New Delhi and its commercial capital, Mumbai by laiunching a $90 billion initiative.
- Per capita water storage in India is alarmingly low and may impact its GDP growth.
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