We might have seen the Rajniganda commercial about the Indian Business Tycoon acquiring the East India Company and we might have thought it as a good day dream. Here are some news which says that dream might be true.
Rediff Report says:
India Inc's hunger to acquire businesses abroad is increasing. The value of overseas acquisitions by Indian companies more than doubled to $9.30 billion in 2004 from $4.5 billion in the previous year.
While the number of deals has not gone up significantly (316 in 2004 compared with 305 in 2003), the huge rise in terms of value indicates that Indian companies are ready to dig deep into their pockets for the right acquisition.
Agrees Manish Thakkar, vice-president, M&A, at ICICI Securities. "We believe that the next 12-18 months will see major activity in oil and gas, technology, textiles, and health care - a large component of which will be cross-border in nature," he said.
Friday, May 20, 2005
Thursday, May 19, 2005
Lemelson Recognition and Mentoring Programme : Boon for Rural Innovators
Innovation and rural India would seem mutually exclusive terms. But that is about to change.
The Lemelson Recognition and Mentoring Programme -- or L-RAMP -- launched in rural Tamil Nadu for inventors, is a union of technology, innovation and funds.
L-RAMP is a joint initiative of the Indian Institute of Technology Madras, Rural Innovation Network, and the Lemelson Foundation, USA.
Impressed with the work done by the Rural Innovations Network, the Lemelson Foundation has decided to pour funds into the project and give it financial muscle and a major impetus.
Read the Complete Story
The Lemelson Recognition and Mentoring Programme -- or L-RAMP -- launched in rural Tamil Nadu for inventors, is a union of technology, innovation and funds.
L-RAMP is a joint initiative of the Indian Institute of Technology Madras, Rural Innovation Network, and the Lemelson Foundation, USA.
Impressed with the work done by the Rural Innovations Network, the Lemelson Foundation has decided to pour funds into the project and give it financial muscle and a major impetus.
Read the Complete Story
Innovators in Rural India ? You bet!
Anna Saheb Udgave, a 70-year-old farmer from the Sadalga village in Karnataka's Belgaum district, developed a low-cost drip irrigation system to fight water crisis in his village.
When the situation improved and water became available in plenty, he started farming sugarcane in place of betel leaf. Later, he improved upon his innovation and turned it into a mega sprinkler, and called it Chandraprabhu Rain Gun.
Other impressed farmers of the same village slowly started using Anna Saheb's rain gun in their farms.
Now, if Anna Saheb's rain gun can be found in the market and if the farmers of Tamil Nadu, Kerala and Karnataka are using it successfully, it is all because of a Chennai-based non-profit organisation -- Rural Innovation Network.
RIN is the brainchild of Paul Basil from Moovattupuzha in Kerala. Basil, a mechanical engineer with a post-graduate degree in forestry management, worked for the National Dairy Development Board. Later, he worked with the European Union's horticultural project in Kerala.
Read the Complete Story
When the situation improved and water became available in plenty, he started farming sugarcane in place of betel leaf. Later, he improved upon his innovation and turned it into a mega sprinkler, and called it Chandraprabhu Rain Gun.
Other impressed farmers of the same village slowly started using Anna Saheb's rain gun in their farms.
Now, if Anna Saheb's rain gun can be found in the market and if the farmers of Tamil Nadu, Kerala and Karnataka are using it successfully, it is all because of a Chennai-based non-profit organisation -- Rural Innovation Network.
RIN is the brainchild of Paul Basil from Moovattupuzha in Kerala. Basil, a mechanical engineer with a post-graduate degree in forestry management, worked for the National Dairy Development Board. Later, he worked with the European Union's horticultural project in Kerala.
Read the Complete Story
Subscribe to:
Comments (Atom)