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Piramal set for intl R&D deals
Andrew Jack And Khozem Merchant / Mumbai One of India’s leading pharmaceutical groups is set to sign a series of pioneering research and development agreements with large western groups, say executives. Swati Piramal, director of strategic alliances at Mumbai-based Nicholas Piramal, said senior delegations from leading multinational drugs companies had visited India in the past half-year, and some were set to announce collaborations with the company in a range of the...
- Region
- South Asia
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Professionals to Unlock Venture Capital Doors for Small Town Entrepreneurs
A group of professionals is unlocking venture capital doors for small town entrepreneurs The story of Aavishkaar is a fine example of sophisticated paying back by educated, affluent Indians spread all over the world. They realise it was India’s knowledge-edge that leveraged them to good lives and so they have sought to widen that edge, by funding small town Indians whose innovations can increase productivities and wealth in the countryside. Aavishkaar itself is a notable in...
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- 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.
- Region
- South Asia
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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.
- Region
- South Asia
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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 ...
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- webindia123
- Region
- South Asia
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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 ...
- Region
- South Asia
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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...
- Region
- South Asia
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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...
- Region
- South Asia
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