POTENTIAL FOR INVESTMENT
- India presents a vast potential
for overseas investment and is actively encouraging
the entrance of foreign players into the market.
India is also one of the few markets in the
world, which offers high prospects for growth
and earning potential in practically all areas
- According to the Federation of Indian Export Organisations (FIEO) , the country's exports would cross USD 300-billion in 2011-12."In FY 11, exports touched USD 246-billion and we expect it to reach the USD 300-billion mark in FY 12. Asia, Latin America and Caribbean (LAC) region and Africa have been the main contributors to this growth," FIEO President, Ramu Deora, said.Also, the signing of Comprehensive Economic Cooperation Agreement (CECA) and Free Trade Agreement (FTA) with Asian countries is expected to raise Asia share in our exports to 55 per cent by 2014, he said.
- India's petroleum refining capacities is expected to rise to 240 million tonnes per annum (MTPA) by March 2012 from the current 188 MTPA, attracting an estimated investment of US$ 13.5 billion-US$ 14.6 billion. The capacity addition is believed to boost country's exports of petroleum products, informed a top government official.S Sundereshan, secretary, ministry of petroleum & natural gas, government of India stated that the country would have an excess petroleum refining capacity of around 90 million tonnes per annum in next 12 to 18 months.
"Currently, we have an installed refining capacity of 188 MTPA, while several green field refinery projects are lined up and are expected to be operational by March 2012. This will increase the total refining capacity to 240 million tonnes," he said .
Currently, India's total demand for the petroleum products is pegged at around 140 MTPA. This creates a spare capacity of 48 million tonnes per annum at the refineries. The spare capacity will increase to around 90 million tonnes per annum. The domestic demand is expected to be around 142-143 tonnes per annum."We will be actually exporting a total of 90 million tonnes of petroleum products to some of the most developed countries including the US and European countries," added Sundereshan.
- Mobile value-added services will generate US$ 12.3 billion in sales by 2015, more than double the US$ 4.0 billion figure currently, consulting firm PricewaterhouseCoopers said in a report. The present student community will be the largest consumers of value-added services in the next four years, the study revealed. It also adds that the new generation of content users will demand more entertainment and utility-based services. As students become tomorrow's working class, capable of high income & high propensity to pay, they are likely to generate incremental revenue of US$ 3.3 billion in 2015. The consulting firm had sampled 1,050 respondents across Delhi, Mumbai, Hyderabad, Bangalore, Chennai, Bhubaneswar, Kochi, Ahmedabad, Pune and Kolkata, for its study. PwC projects the working population to make up around 50% of the subscriber base, which is expected to be around 1.2 billion in 2015, therefore increasing revenue flows.
- The Indian biotechnology sector is expected to touch the US$10 billion mark by 2015 on the back of emerging opportunities across various verticals, namely biopharma, agri-biotechnology, industrial biotechnology among others.
Presently, the biotechnology sector in the country is estimated to be around US$ 4 billion of which around 40 per cent is contributed by Karnataka.
“Bangalore hosts 52 per cent of the core biotechnology companies in the country and around five top biotech companies are in the city. It shows the favourable ecosystem for biotechnology industry in the state. We will make further efforts to boost growth of the industry,” B.S Yeddyurappa, Karnataka chief minister, said after inaugurating Bangalore India Bio 2011.
He also said that the state was about to open four biotechnology parks in various parts of the state.
Presently, the state is in the process of promoting biotech finishing schools to create skilled workforce for the industry.