South Asia.

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  • IFC to set up micro equity fund

    International Finance Corporation (IFC) is all set to enter the microfinance market in India. The global lending body together with Andhra Pradesh Industrial Development Corporation Venture Capital and Bharat Yuvak Shakti Trust (BYST) are planning to set up a micro equity fund to help small entrepreneurs. ?The fund, to be set up with an initial corpus of $5 million (Rs 22.5 crore), would begin operations by April 2006,? said Vipul Prakash, regional manager, South Asia, IFC.

    Source
    Business Standard (link opens in a new window)
    Region
    South Asia
  • Philips to Take Telemedecine to the Hinterland

    Electronics major, Philips, is expanding its presence in the Indian healthcare delivery system through telemedicine by putting more mobile units on roads benefiting villages. Women in villages are already seeing the benefits of telemedicine. We now look forward to extending the technology to interior rural pockets, Gerard J. Kleisterlee, President and Chief Executive Officer of Royal Philips Electronics, The Netherlands, said here on Sunday.

    Source
    The Hindu (link opens in a new window)
    Region
    South Asia
  • Rs 1-lakh Tata car to hit the market in three years

    Targeting the burgeoning middle-class, Tata Motors will roll out in the next three years its Rs one-lakh car ($2200) involving a low-cost assembly operation, according to Tata Group Chairman Ratan Tata. (The car) will be smaller and will be produced in larger volumes, with all the high-volume parts manufactured in one plant...Targeting the larger part of the income pyramid is an important part of what Tata will be doing, the 67-year-old corporate honcho said in an interview ...

    Source
    webindia123
    Region
    South Asia
  • HCL’s low-cost PC to revitalize distribution strategy

    HCL plans to market its new low-cost PC by partnering with major web portals for a piece of the fortune at the bottom of the pyramid. After having launched its low-cost PC in the Indian market, HCL is looking forward to injecting new vigor to its existing distribution strategy to tap the huge market potential in the Indian region. With an aim to increase its distribution footprint in the country, the company is all set to work on a two-pronged strategy. As part of ...

    Source
    DQ Channels (link opens in a new window)
    Region
    South Asia
  • Getting connected in Rural India

    The tech market in Bangalore may be racing ahead, but it is a very different story for India’s 700 million farmers. Spencer Kelly has been to Northern India to see how plans to bring technology to rural areas are working. A tranquil, green landscape, a people who live off the land, and village life built around ancient customs and traditions - this is most of India. In a village meeting, known as a choupal, the adults of Sabalpur are given the weekly news and discuss the pre...

    Source
    BBC Click Online (link opens in a new window)
    Region
    South Asia
  • Poor rural India? It’s a richer place by Anand Giridharadas

    The chasm between India’s flourishing cities and bleak rural hinterland is narrowing. ? Spread across 650,000 villages, with an average population of 1,100, rural villagers were long imagined by city dwellers as primitive, impoverished and irrelevant, something to drive past on the way to something else. ? That is no longer the case. ? A new prosperity is sprouting in rural India, with tens of millions entering the pressure-cooker-and-television-owning class and...

    Source
    International Herald Tribune (link opens in a new window)
    Region
    South Asia
  • US-based semiconductor maker AMD said it would enter a joint venture with an Indian firm to sell personal computers for the same cost as cellphones. The company said it had joined with local technology firm HCL Infosystems to sell a personal computer for less than 10,000 rupees (220 dollars) to boost ownership in the nation of one-billion plus people with only 15 million users. That is in line with the cost of cellphones with a camera which retails for about 8,000 rupee...

    Source
    TodayOnline.com (link opens in a new window)
    Region
    South Asia
  • Multichannel Satellite TV Pushes Into the Hinterland to Tap Huge Growth Market

    A satellite-television boom in India is finally pushing multichannel TV into its vast rural hinterland and opening a new commercial battlefield in one of the world’s biggest TV markets. Places like Lodra, a village of two thousand people and a few hundred mud huts, 700 kilometers north of here in Gujarat state, typify the new phenomenon. At dusk, hundreds of people routinely gather around a TV set propped on a wooden table in the village center. They will watch until early morning...

    Source
    The Wall Street Journal (link opens in a new window)
    Region
    South Asia
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