India's Secure Business Environment Attracting Foreign Investors

By Author: aniketdicosta
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Michelin is setting up a manufacturing facility in Tamil Nadu. The project is estimated to be worth US$2.26 billion and the Foreign Investment Promotion Board (FIPB) has already given approval for it.Private Equity firms have invested US$ 1.03 billion in around 54 deals during April-June 2009, an increase of 17 percent as compared to the previous quarter last year.

Spotlight: Healthcare

Private Equity (PE) and venture capital (VC) investors are keen on cashing in on the growth of the healthcare and life sciences sectors in India. A survey of over 60 PE and VC firms carried by research firm Venture Intelligence has announced that companies have invested more than US$2 billion in the Indian healthcare and life sciences sector in the last five years.

. Diagnostic services, medical devices/equipment, hospital chains and wellness products and services are some of the key areas the investors seem to be quite interested in.

Spotlight: Education

An excellent example ...
... of private equity player's role in the Indian education sector is that of Matrix Partners India. The investors consider two fundamental things before investing: considerable government support and increasing privatization of the education sector, according to Private Equity Group, an advisory firm for PE investment in India.

As per a Chennai based deal tracer, Venture Intelligence, nearly 30 such investments worth around US$ 300 million was invested in education-related companies since 2005.

Spotlight: Beverages

Ahmet C Bozer, President (Eurasia and Africa), who's spearheading the Coca-Cola operations in over 90 countries, seems pretty optimist about India's growth potential and considers India as one of the fastest growing markets for Coca-Cola.

According Bozer, India's Beverage industry will outgrow the world average. In the years to come, the opportunities will be huge and growth will be in double digits. Coca Cola India is also working in the same direction by partnering different bottling partners; few of them are local Indian companies. Investments are also happening, in the areas of Technology, Infrastructure, consumer marketing and manufacturing capacity. The company is working in coordination with its bottling partners to harness the growth potential of this country.

Sebi sets Rs 5-cr start up cap on foreign VCIs

Securities & Exchange Board of India (SEBI) has made it mandatory for foreign venture capital investors (FVCIs) to obtain a commitment from investors for a contribution of at least Rs. 5 crore, before the start of operations.

Michelin's US$ 2.26 billion FDI proposal gets FIPB Clearance

French tyre major Michelin's foreign direct investment (FDI) proposal worth US$ 2.26 billion to establish a manufacturing facility in Tamil Nadu has been cleared by the government.

India a preferred destination for foreign investors: Moody's

According to Economy.com, the research arm of global rating agency, Moody's, India and China are emerging as promising destinations for foreign investors.

PE investments achieve US$ 1.03 billion during April-June 2009

The private equity (PE) investments in the country reached US$ 1.03 billion, an increase of 17 percent, according to the data compiled by SMC Capitals, an equity research and analysis firm.

Services sector attracting most FDI over last 3 yrs

According to the Minster of State for Commerce and Industry, Mr. Jyotiraditya Scindia in the Lok Sabha, the service sector of India is attracting the highest foreign direct investment (FDI) worth US$ 17.45 billion in the period between April 2006-March 2009.

NRI deposits in banks increased to $1.16 b in April-May

Non-Resident Indians deposited nearly US$1.17 billion as deposits with the banks in the first two months of the current financial year vis-à-vis US$ 452 million in the corresponding period last year.

Areva planning major investments in India

Areva, the French nuclear reactor maker, is expanding its business plans for India with massive investments in its strategic joint ventures like Bharat Forge, Tata Group, Bharat Heavy Electricals (BHEL) and Nuclear Power Corporation of India (NPCIL).

3M to enhance its R&D capabilities in India

3M India, a subsidiary of the US$ 25.3 billion diversified technology

focused 3M Corporation, is expanding the company's R&D capabilities in India.

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