Friday, September 28, 2007

All eyes on Cochin.

Kochi is the arguably the ideal starting point for exploring the unfathomable diversity and beauty of Kerala, rated in the top three tourist destinations by the World Travel & Tourism Council and featured in National Geographic Traveler's '50 greatest places of a lifetime'.
Kochi had come second among the `super nine ITES cities' in a study undertaken by NASSCOM.The study on the IT framework pertains to the key sectors of telecom, power, real estate, manpower and policy initiatives. Hyderabad has taken the number one slot in the overall ranking.
Cochin is home to many large and medium scale industries making it the commercial capital of Kerala. For centuries, Cochin has been a very important trading post on the west coast of India, paving way for trade with the Chinese, Portuguese, Dutch and British. Today, Cochin is a bustling industrial centre with industries ranging from ship building to handicrafts and petrochemical refining to spice trading.
One of the advantages of Kochi in the telecom sector is that it is the point of landing for the SEA-ME-WE-3 and SAFE submarine cable landings. The city derives another advantage from the fact that the VSNL's primary international gateway in India is at Kochi.
Infopark, in Cochin is turning out to be one of the major attractions in Cochin. Huge funds are flowing into it nowadays. Wipro had built up 8 buidings with similar shape and size. The construction work is in the final stage. L&T had come up with a new building where large companies are expected to set up there base. More and more investments are yet to come.
The Kinfra Export Promotion Industrial Park in Kochi provides basic infrastructure for many an industry like garments, chemicals, food and engineering. The biotechnology park coming up at Kalamasserry is another attraction for investors. The park boasts of a technology incubation centre with pilot plant facilities. In addition to basic infrastructure, it provides specific facilities such as biotech lab, gene bank, computer lab and R&D facilities.
Yet another attractive feature of Kochi being projected by the Industries Department is the aviation sector and the international airport in Kochi. More than a dozen international airlines are already operating flights from the Nedumbassery airport. Apart from the aviation sector, there is scope for water transport. Kerala's long coastline offers tremendous scope for investment in high-end luxury liners connecting the tourism spots and neighbouring countries like Maldives and Sri Lanka.
So in the coming few years... hope Cochin will scale greater heights and brings out a huge contribution to the GDP of the country.

(Reference: The Hindu, Wikepedia)

Thursday, September 27, 2007

Part Time Jobs.... Add Money to your kitty

The Indian Ecocnomy is in its booming stage, happy news for all the Job Seekers in India.
More and more doors are opened up and the Unemployment Rate in India is dropping down.
The Unemployment rate of India in 2006 is 7.8 (All time low) compared to 8.9 in 2005.
Jobs are available in different forms like full time normal jobs, part time jobs, online jobs, jobs at home etc. Ultimately money matters. The interesting trend which is seen now a days is that more and more students in India is seeking part time opportunities and trying to add more money to their kitty. Super Markets, malls, retail shops are all providing them the opportunity to work as sales boys/girls at evening time or at the time which they prefer. Some people who work in night shifts for jobs like Medical Transcription, Data entry operations, BPOs etc also tries their bit in such part time jobs.
Some companies also provides part time packages to working persons in fields like marketing. But there is a twist in it. A person who is working in Full Time Job is not allowed to work for any other profit making organizations (As per the norms of some companies).
But these rules have to be taken out so that the best ever resource in the world, the human being, could be utilized properly and productively.
Most of the foreign universities take initiatives to provide the students with part time jobs which helps them to meet their expenses. 'Expenses' are not for them alone... But students studyng in India also do have it. So there shouls be some initativenes taken from the part of the Government to help the students to do so along with their studies.
It will also help the students to learn how to earn, manage, and spend money that they get from their hardwork. Such lessons cannot be taught. It has to be learned. So before jumping into serious family life, they gets an opportunity to learn the concept of "Money Management".

Thursday, September 13, 2007

Invest In India..


Investing in India

India has undergone a paradigm shift owing to its competitive stand in the world. The Indian economy is on a robust growth trajectory and boasts of a stable 8 plus annual growth rate, rising foreign exchange reserves and booming capital markets among others. Looking at the statistics, the macroeconomic situation of the country seems strong and positive- India's economy in the April-June quarter grew a faster-than-expected 9.3 per cent from a year earlier. The GDP growth was driven by manufacturing, construction and services sector and even agriculture sector, a key area of concern for the Government, rose by nearly four per cent. Quarterly GDP at factor cost at constant (1999-2000) prices for Q1 of 2007-08 is estimated at Rs 7,23,132 crore, as against Rs. 6,61,335 crore in Q1 of 2006-07, showing a growth rate of 9.3 per cent over the corresponding quarter of previous year. The economic activities which registered significant growth in Q1 of 2007-08 over Q1 of 2006-07 are, ‘manufacturing’ at 11.9 per cent, ‘electricity, gas & water supply’ at 8.3 per cent, ‘construction’ at 10.7 percent, ‘trade, hotels, transport and communication’ at 12.0 per cent, ‘financing, insurance, real estate and business services’ at 11.0 per cent, and ‘community, social and personal services’ at 7.6 per cent. The growth rates in ‘agriculture, forestry & fishing’ and ‘mining & quarrying’ are estimated at 3.8 per cent, and 3.2 per cent, respectively during this period.
There is ample reason for India's viability as a destination for foreign investment. In addition to the above-mentioned macroeconomic indicators, higher disposable incomes, emerging middle class, low cost competitive workforce, investment friendly policies and progressive reform process all contribute towards India being an appropriate choice for investors.
The Indian Government is committed in its efforts to maintain the 8 plus growth rate and provide a conducive policy environment to the enterprises, both public and private, to invest and grow their business in the country. To this end, the Government has liberalized the foreign investment regime substantially over the last decade. Today, foreign direct investment is allowed in almost all sectors barring a few sensitive areas such as defence. Further, FDI is allowed in most of the sectors under the automatic route, except a few, where approval from the Foreign Investment Promotion Board is required.
India's foreign trade policy has been formulated with a view to invite and encourage FDI in India. The process of regulation and approval has been substantially liberalized. The Reserve Bank of India has prescribed the administrative and compliance aspects of FDI.
The FDI policy rationalization and liberalization measures taken by the Government have resulted in increased inflows of FDI over the years.Tthe FDI equity inflows have been US $ 15.7 billion as compared to US $ 5.5 billion received during 2005-06. This is a growth of 185% as compared to the previous year. This is also the first time that FDI equity inflows into India have crossed the US $ 10 billion mark. If reinvested earnings and other capital inflows are also included, the total inflows in 2006-07 add up to US$ 19.5 billion compared to US$ 7.7 billion during the same period last year showing a growth of 153%.During the first quarter of the Financial Year 2007-08, the FDI inflows have been US$ 4.9 billion as against US$ 1.7 billion received during the corresponding quarter of 2006-07, registering a growth of more than 185%. The first six months of the current calendar year (January-June 2007) have witnessed FDI inflows of US$ 11.4 billion as against US$ 3.6 billion received during the same period in 2006.This indicates a growth of 218%.
FDI can be divided into two broad categories: investment under automatic route and investment through prior approval of Government. The pick up in FDI inflows further reflects growing investor interest in the Indian economy on the back of strong fundamentals and simplified procedures.
The 10 sectors attracting highest FDI into India are: electrical equipments (including computer software & electronics); services sector (financial & non-financial); telecommunications (radio paging, cellular mobile, basic telephone services); transportation industry; fuels (power plus oil refinery); chemicals (other than fertilisers); construction activities;drugs & pharmaceuticals; food processing industries and cement and gypsum products. The 10 top investing countries are: Mauritius, USA, UK, Netherlands, Japan, Germany, Singapore, France, South Korea and Switzerland.
In addition to FDI, Foreign Institutional Investment (FII) is also flowing into India. Qualified foreign entities (other than those predominantly owned by non resident Indians) seeking to undertake portfolio investments in India are regarded as Foreign Institutional Investors (FIIs). Eligible institutional investors that can register as FIIs include asset management companies, pension funds, mutual funds, banks, investment trusts, nominee companies, incorporated/ institutional portfolio managers, power of attorney holders, university funds, endowment foundations, charitable trusts and charitable societies.