สรุปข่าวเศรษฐกิจอินเดียประจำวันที่ 2 เมษายน 2555
Pranab upbeat about West Bengal's investment climate
Union Finance Minister Pranab Mukherjee said here on Sunday that West Bengal “is emerging as the new investment destination” adding that it “rekindles optimism about the future of the State”.
Citing figures, Mr. Mukherjee said: “As of December 2011, the State had about 900 live investment projects worth Rs.6.11 lakh crore. It has a share of 4.4 per cent of the total investment announced by the government and private sector in India.”
Speaking at a conference organised by the Associated Chambers of Commerce and Industry, the Minister pointed out that a majority of this investment had come from the private sector.
“About 65 percent of the total investment in West Bengal comes from the private sector. It is a clear indicator that the industrialists and prospective investors are looking at the State with hope and expectation,” he said.
The State has attracted new investment worth nearly Rs.58,000 crore. The manufacturing sector has got the major share at about 36.5 per cent, followed by electricity (29.4 per cent), service sector (18.9 per cent), mining (8.6 per cent) and real estate (6.1 per cent), he said.
(Source: Indian Express, the Hindu, World News, Moneycontrol, Indianews24, Firstpost)
Tata Group targets $500 billion revenue by 2021
Tata Group targets revenues of USD 500 billion by the financial year ending in March 2021,a newspaper report said, as the steel-to-software conglomerate aims to increase sales five times over nine years.
Ratan Tata, outgoing chairman of the group, which includes flagship companies Tata Consultancy Services, Tata Steel and Tata Motors, unveiled the growth plan at a meeting with around 500 senior group executives last month, the newspaper said.
Chairman Tata will step down in December this year, and will be succeeded by Cyrus Mistry, deputy chairman and a former member of the board of holding company Tata Sons.
The 74-year-old has led the conglomerate since 1991 and has embarked on a global shopping spree that has brought companies such as UK tea brand Tetley, European steelmaker Corus and luxury car manufacturer Jaguar Land Rover into the Tata stable.
Around two-thirds of its revenue is generated overseas. The group posted revenues of USD 83 billion in the financial year ending in March 2011, and is expected to see revenues of USD 100 billion in the year that ended last month, the newspaper said.
(Source: Reuters India, Moneycontrol, Livemint, Times of India, Hindustan Times)
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