, On Wednesday 29 June 2011, 12:47 AM
Washington, June 29 (IANS) India has invited US investors to help finance big infrastructure projects in the fast-developing nation as India is planning to raise $1 trillion in infrastructure financing by 2017.
'There is new opportunity for US investors for work in this area,' Indian Finance Minister Pranab Mukherjee told a joint press conference with US Treasury Secretary Timothy Geithner at the end of the second meeting of the US-India Economic and Financial Partnership here.
'American companies still face barriers in India in sectors such as banking, insurance, manufacturing, multi-brand retail and infrastructure,' Geithner said. Easing those barriers 'would be an important step toward integrating our economies,' he said.
Reserve Bank of India Governor D. Subbarao and US Federal Reserve Chairman Ben Bernanke also participated in the meetings Monday and Tuesday.
A joint statement issued at the end of talks said India and the United States have agreed to work together to expand trade and investment links between their two economies, and to develop and strengthen their financial systems.
They would also 'work together in the G-20 on an effective mutual assessment process to bring about strong, sustained, and balanced global growth.'
The joint statement said 'leveraging their combined knowledge, experience, and shared interests, the two agreed to a robust agenda' for the coming year that includes deeper engagement in three key areas: Macroeconomic challenges,
Financial sector reforms and Infrastructure finance.
The United States, the joint statement said, is 'committed to making the investments in technology, skills, and infrastructure necessary to maintain and enhance US competitiveness in the global economy.'
On its part, 'India intends to take steps to marshal private and public saving to meet the infrastructure needs of a rapidly growing Indian economy,' it said.
My Comments:
That is the right step forward taken by India.I have discussed previously here that if China can open the door for American Co for helping build Infrastructure then why shouldn't India can do?
Well, wiser counsel prevailed and better late then never.......
Washington, June 29 (IANS) India has invited US investors to help finance big infrastructure projects in the fast-developing nation as India is planning to raise $1 trillion in infrastructure financing by 2017.
'There is new opportunity for US investors for work in this area,' Indian Finance Minister Pranab Mukherjee told a joint press conference with US Treasury Secretary Timothy Geithner at the end of the second meeting of the US-India Economic and Financial Partnership here.
'American companies still face barriers in India in sectors such as banking, insurance, manufacturing, multi-brand retail and infrastructure,' Geithner said. Easing those barriers 'would be an important step toward integrating our economies,' he said.
Reserve Bank of India Governor D. Subbarao and US Federal Reserve Chairman Ben Bernanke also participated in the meetings Monday and Tuesday.
A joint statement issued at the end of talks said India and the United States have agreed to work together to expand trade and investment links between their two economies, and to develop and strengthen their financial systems.
They would also 'work together in the G-20 on an effective mutual assessment process to bring about strong, sustained, and balanced global growth.'
The joint statement said 'leveraging their combined knowledge, experience, and shared interests, the two agreed to a robust agenda' for the coming year that includes deeper engagement in three key areas: Macroeconomic challenges,
Financial sector reforms and Infrastructure finance.
The United States, the joint statement said, is 'committed to making the investments in technology, skills, and infrastructure necessary to maintain and enhance US competitiveness in the global economy.'
On its part, 'India intends to take steps to marshal private and public saving to meet the infrastructure needs of a rapidly growing Indian economy,' it said.
My Comments:
That is the right step forward taken by India.I have discussed previously here that if China can open the door for American Co for helping build Infrastructure then why shouldn't India can do?
Well, wiser counsel prevailed and better late then never.......
SIR ONE QUERY HOW DO U FEEL HBL POWER WILL BEHAVE HAVE READ UR PREVIOUS ARTICLES BUT FEEL TO ASK U IT HAS PLUNGED A LOT AFRAID IT DOES NOT TOUCH SINGLE DIGIT ALSO MOST R TALKING ABOUT LITHIUM BATTERIES FOR VEHICLES AND HBL IS THE ONLY COMPANY MANUFACTURING LITHIUM BATTERIES IN INDIA I FEEL FUTURE IS BRIGHT FOR THIS COMPANY BUT UR OPINION IS VALUABLE DO WRITE SHOULD I EXIT HBL OR WAIT FOR 5 YRS......
ReplyDeleteadf foods, repro india and vadilal ind are poised to great high in next six months sir
ReplyDeleteHi Sunil,
ReplyDeleteA 990 cr Co cannot go ZERO.That is my understanding.The reason I think like that is because the management is good.
I would prefer to average out if it still goes down.
Then it is our destiny.......anything can happen in stock market.....myterious stock market...no reason nor any explaination.....
aditya,
ReplyDeletethat can happen....
hi,
ReplyDeletei have visited their ind location in hyderabad.They are, i believe ,the only battery manufacturer who make batteries as per the requirement of the clients,say if you want Batery of particular make and type you can place your reqirement and demand and they will make it for you.Moreover they are planning to capture the international market in big way.the clients list would include, aerospace,defence etc.hence there is no advertisement in Tv etc to capture clients.
rajeev,
ReplyDeleteSomeday before I had read a news article about Apple looking to come up with a low cost unlocked iPhone. The idea is basically to attract the big pre-paid market in the US. Do you think this could be good news for a company like Megasoft about which you mentioned long time before?
surjeet/sunil,
ReplyDeleteIn that case I think HBL is a buy at every decline.
uno,
ReplyDeleteOfcourse that can be a great news for Megasoft but we need to track Megasoft constantly reading any news that comes out.
It sales needs to go up and maybe in standalone result we may not be able to see so wehn results are declared we need to look at consolidated results as well.......
Surjeet,
ReplyDeleteCan you give more feed back on HBL power ?? What is your call on after you visited factory ??
Hi Rajeev & Fellow-Bloggers,
ReplyDeleteGiving below the video links on Behavioral Finance by Parag Parikh. I think must see at least once.
https://www.ppfas.com/behavioural-finance/tutorials/
They are for kind of teaching purpose and not with recommendations.
Regards,
Vikas
hi friend,
ReplyDeletesorry dont know your name becoz it is in some south indian language which i dont understand.but any how i will say dear friend,
All i can say abt HBL is that they have plans in the direction to capture big international market and defence market where the margins are good. They donot intent to fight with domestic players and keep fighting for margins.so with that vision in their mind and their ability to design batteries as per the requirement of the customers makes me think it as a long term buy plus an affirmation from rajeev.
surjeet.
Surjeet,Thanks for your reply.I am also closely tracking this stock.if you look at income source of HBL carefully we can understand one thing ...major income is coming from Telcom sector but peers are concentrating on Auto sector so What I belive HBL interest on IAGRASHI motors is clear indication for me that they are gragually get into Auto sector. that means their dependence on telecom sector will reduce......regarding Aviation sector I have doubt about future profitablity becasue they already sold out their subsidery ( R&D) to TATA . So we cant expect innovative ideas from that unit!!!! Railway division is talking long time but nothing happening their!!! by the by Have you met managment ? what is their future plan ???
ReplyDeletehi friend,
ReplyDeletei have not met the management.so no comments.
bye