Leading information technology companies in India are meanwhile increasing their presence in North America, in step with the improving business climate in the region. Top-tier information technology companies which are increasing their delivery capabilities in North America, includeHCL Technologies which concluded acquisition and expansion of its Parsippany, New Jersey data centre. The North America region currently accounts for 60 per cent of India’s information technology export basket. Information technology company, Cognizant, has similarly announced the expansion of its US delivery centres in Toronto and Phoenix (Arizona).
India’s top-ranking status in the field of basic research came in for mention at the India Eco Summit held recently, where in fact the panelists discussed whether, and how, India could become an innovation hub in the longer term, given India’s strengths in science and technology and research and development. The united states made a substantial stride in science and technology with Indian researchers succeeding in sequencing the entire genome of an individual being. The genome sequencing was undertaken by the Institute of Genomics and Integrative Biology, part of the Council of Scientific and Industrial Research (CSIR). In another development that would have a bearing on innovative science and technology prospects for Indian companies-on the sidelines of the climate change conference at Copenhagen, India’s proposal for an international network of innovation centres for climate-friendly technologies received wide consensus.IT-Berater Düsseldorf
Leading manufacturers of automobiles in India, posted record monthly sales for the month of November 2009, even while car makers and two-wheeler companies improved on the sales posted in earlier months. Two of the leading manufacturers of automobiles in India, Maruti Suzuki and Hyundai Motor India reported record monthly sales of 87,807 units and 55,265 units respectively for the month of November 2009. Major manufacturers of automobiles are seeing their India operations contribute significantly to the company’s global operations. As an example, Hyundai’s India subsidiary contributes between 15 per cent and 20 per cent to the company’s global turnover.
India’s infrastructure segment has received a boost with representatives from the Power Grid Corporation, the India Infrastructure Finance Co Ltd (IIFCL), the World Bank and the Government of India, signing loan agreements for projects of a total value of US$ 4.2 billion in the month of October 2009. In another fillip to the country’s infrastructure that’s certain to increase infrastructure projects through the route of public-private partnership, the Asian Development Bank (ADB) has decided to provide close to US$ 700 million in loans included in the next India infrastructure project financing facility.
According to a study by Price waterhouse Coopers (PwC) and Urban Land Institute, India heads the most truly effective real-estate investment markets for the year 2010. The report, which is based on the views of over 270 international real-estate professionals, revealed that India, specially the Indian cities of Mumbai and Delhi were viewed as good destinations with residential properties seen as more attractive sectors. ICICI Bank, a number one private bank, has stated so it was focussing on your home loans segment on the trunk of a recovery in the actual estate segment. HDFC, a top lender of home loans, has said so it expects loan disbursals in the housing sector to remain strong in today’s fiscal (FY 2010). HDFC Vice-Chairman and Managing Director, Keki Mistry, said, “Loan disbursals (in the housing sector) remain very strong. We expect credit growth in excess of 20 per cent.”HDFC Bank, has for a unique part, made news in the banking system. HDFC Bank has been named the strongest bank in the Asia-Pacific region, in a survey conducted by Asian Banker, which provides information for the financial services industry. Other Indian banks that featured in the ranking include Punjab National Bank (PNB) and Union Bank of India.