Posts tagged ‘India’

02/12/2014

India’s Farming Women Use Cameras to Share Lessons – Businessweek

Kavita Devi has spent 50 years farming the way her elders taught her. Until recently, that meant working other people’s land in the northeastern Indian village of Gosaibigha in exchange for 10 pounds of rice once a season. But since July, twice a month she’s been joining about 30 women neighbors in saris who file into a makeshift movie theater in a buffalo shed, where they watch videos from a battery-powered, handheld projector shown on a fuzzy brown blanket hung on a wall. In the videos, which run for 8 to 10 minutes, women from nearby villages demonstrate ways to boost rice yield by spacing the seedlings farther apart and using compost instead of fertilizer. “They look very successful,” Devi says later. “I would like to be one of them.” Since July she’s been leasing a small patch to plant her own crops.

A videographer watches as farmers demonstrate techniques in Uttar Pradesh

Technology is transforming the way women like Devi farm. In rural India, impoverished women do most of the labor using methods passed down for millennia. About 100,000 (mostly male) government and private agricultural experts roam the country to teach farmers modern techniques. But fewer than 6 percent of farmers have ever seen one, according to the World Bank, and women are often excluded from those training sessions because they lack legal rights to their husbands’ land.

Digital Green, a nonprofit founded by Microsoft (MSFT) researchers, is trying to change that. The group distributes pocket cameras and tripods to local women and trains them to storyboard, act in, shoot, edit, and screen videos demonstrating farming innovations. Because the villages where the women work often lack reliable electricity, it’s all done via battery-powered projectors. Women who screen the videos keep track of attendee questions and monitor adoption of the practices to help directors improve later versions. Using the audience’s peers as actors is particularly important, says Rikin Gandhi, Digital Green’s co-founder and chief executive officer. “Viewers identify with those featured in videos based on dialect and appearance, etc., to determine whether it is someone they can trust,” he says. Villagers will tune out if they see items that aren’t common in their communities, such as a plastic bucket or a watch.

via India’s Farming Women Use Cameras to Share Lessons – Businessweek.

02/12/2014

India and France to push ahead with Rafale jet deal | Reuters

The French and Indian defence ministers agreed on Monday to overcome any differences and finalise the sale of 126 fighter jets to India in a deal worth an estimated $15 billion, the Indian defence ministry said.

A Rafale jet fighter is seen on the assembly line in the factory of French aircraft manufacturer Dassault Aviation in Merignac near Bordeaux, southwestern France, January 10, 2014. REUTERS/Benoit Tessier/Files

France’s Dassault Aviation (AVMD.PA) has been trying to clinch a deal to sell India its Rafale jets since New Delhi chose the company over other foreign plane manufacturers in 2012. But disagreements over cost and work-sharing have slowed talks, while India’s weak economy has stretched government finances.

On Monday, French Defence Minister Jean-Yves Le Drian met his Indian counterpart Manohar Parrikar, who was appointed defence minister last month.

“Both sides agreed to take forward the strategic co-operation between the two countries. They discussed all issues including Rafale. It was decided that whatever differences still existed would be resolved in a fast-track manner,” said Indian defence ministry spokesman Sitanshu Kar.

Under the deal, which would provide a major boost to French domestic defence manufacturing, the first 18 planes will be made in France and shipped to India, while the remaining 108 will be produced by state-run Hindustan Aeronautics Ltd (IPO-HIAE.NS).

The final phase of exclusive negotiations on the contract should conclude within India’s current budget year ending in March 2015, Dassault Chief Executive Eric Trappier said last month.

via India and France to push ahead with Rafale jet deal | Reuters.

28/11/2014

Narendra Modi woos Saarc nations, pledges slew of investments to counter China – The Times of India

India pledged a slew of regional investments at Saarc summit this week, seeking to counter China’s growing economic inroads into its backyard as it remains embroiled in bitter rivalry with Pakistan.

Prime Minister Narendra Modi said South Asia‘s largest economy would fund regional infrastructure, health facilities and even a communications satellite, and promised to free up its markets to exporters in smaller countries in the region.

Modi, who won a landslide election victory in May, has made clear that boosting India’s influence in its immediate neighbourhood is a key strategic priority for his government.

Critics say the previous Congress party government began to take relationships for granted, allowing economic giant China — which shares a border with four of India’s neighbours — to step into the breach.

But the failure of the South Asian Association for Regional Cooperation (Saarc) to make any significant progress during a two-day meeting underscored the scale of the challenge New Delhi faces.

Cross-border trade among the eight Saarc nations — Afghanistan, Bangladesh, Bhutan, India, Nepal, the Maldives, Pakistan and Sri Lanka — still accounts for less than five percent of total commerce in the region.

“Indians want to keep South Asia as their exclusive sphere of influence,” said Sreeram Chaulia, dean of the Jindal School of International Affairs in Delhi.

“To do that… we need to play the economic game and we need to play the connectivity game better. We have been protectionist, and that is not good,” he said, welcoming Modi’s pledge to help smaller nations reduce their trade deficits with India.

Leaders signed just one agreement, on energy cooperation, at a summit that was overshadowed by the rivalries between India and Pakistan, leading host country Nepal’s Prime Minister Sushil Koirala to say that Saarc had fallen short of expectations.

Nepal, long under the political influence of New Delhi, has benefited hugely from China’s bounty over the last decade, getting much-needed new roads and other infrastructure. Even the venue where the leaders met was built with Chinese money.

It is among several Saarc nations including Pakistan and Sri Lanka that reportedly support full membership for China, which currently enjoys observer status in the regional grouping.

India has resisted promoting its regional rival to full membership status, which comes with the power to veto agreements.

Frustrated by the slow pace of progress towards regional cooperation, it has also sought to woo its neighbours outside the Saarc framework.

via Narendra Modi woos Saarc nations, pledges slew of investments to counter China – The Times of India.

28/11/2014

Indian Stock Exchange Rises Up World Rankings, Catching Up With China – India Real Time – WSJ

Indian shares are on a roll and that’s bringing the country’s stock exchanges onto the global stage.

English: National Stock Exchange of India Русс...

English: National Stock Exchange of India Русский: Национальная фондовая биржа Индии (Photo credit: Wikipedia)

On Friday, the market capitalization, or total value of listed companies, on Mumbai’s BSE exchange reached a new record of 100 trillion rupees ($1.6 trillion.)

The market value of companies listed on Indian stock exchanges has risen by more than 40% over the past year, as investors are betting that Indian companies will benefit from a turn in the local economy and policies expected from the new government that came to power in May.

The BSE stood 10th among the world’s stock exchanges as measured by market value at the end of October, according to data from the World Federation of Exchanges.

It is followed closely by India’s National Stock Exchange, which is ranked 11th.

Industry experts say India’s standing is likely headed higher.

“It is a matter of time before we make it to the top 5,” stock exchanges in the world, said Kalpana Morparia, chief executive of J.P. Morgan India, in a statement Friday.

If the market cap of Indian companies keeps increasing at its recent pace, the BSE and NSE could soon overtake Germany’s Deutsche Borse and China’s Shenzhen Stock Exchange.

via Indian Stock Exchange Rises Up World Rankings, Catching Up With China – India Real Time – WSJ.

27/11/2014

India’s Car-Sharing Startups Look to Change a Driving Culture – Businessweek

The startups, modeled after U.S. car-sharing service Zipcar (CAR), are gaining in popularity. Slow economic expansion has frozen income growth, and prime lending rates have risen 26 percent in the past five years, discouraging people from taking out car loans. “A lot of people don’t want to invest in cars,” says Abdul Majeed, a partner at PricewaterhouseCoopers in Chennai. “With traffic congestion and cost of ownership rising, and with poor public transport in most cities, car-sharing is bound to take off.” For younger Indians joining the workforce, car-sharing comes free of the hassle of maintaining the cars.

Bandra–Worli Sea Link in Mumbai, India

Zoomcar, based in Bangalore, has attracted U.S. investors, including venture capital firm Sequoia Capital, which led an $8 million investment round in October, and former U.S. Treasury Secretary Lawrence Summers. Americans Greg Moran and David Back started the company in February 2013 with $650,000. They raised another $3 million last year. Summers was an early investor. “There were small-time operators, mom-and-pop type shops that didn’t have the technology and the right product,” says Moran, who, along with Back, graduated from the University of Pennsylvania in 2007.

via India’s Car-Sharing Startups Look to Change a Driving Culture – Businessweek.

27/11/2014

South Asia Summit Nearing Failure as India, Pakistan Bicker – Businessweek

South Asian leaders overseeing a quarter of the world’s people struggled to agree on how to ease trade barriers in the region as India and Pakistan continued a decades-long row over a disputed border.

Pakistani Prime Minister Nawaz Sharif

Indian Prime Minister Narendra Modi was scheduled to meet every regional leader except Pakistani Prime Minister Nawaz Sharif for a one-on-one meeting during a gathering in Nepal starting today. Leaders of the South Asian Association for Regional Cooperation, or SAARC, last held a summit in 2011.

Failure to agree on cross-border travel and electricity supply would risk derailing Modi’s plan to turn the bloc into a regional force that can counter China’s growing influence. Chinese leaders have promised to invest part of a $40 billion Silk Road fund on infrastructure in South Asia.

via South Asia Summit Nearing Failure as India, Pakistan Bicker – Businessweek.

25/11/2014

Massive Himalayan hydropower dam comes on stream in Tibet | South China Morning Post

Tibet‘s biggest ever hydropower project has begun generating electricity, state-run media reported, the latest dam developed on Himalayan rivers to prompt concern in neighbouring India.

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The first generating plant at the 9.6 billion yuan (HK$12.1 billion) Zangmu Hydropower Station, which stands more than 3,300 metres above sea level, went into operation on Sunday, Xinhua said.

The dam on the Yarlung Zangbo River, known as the Brahmaputra in India where it is a major waterway, will be 116 metres high when completed next year, according to reports.

It will have a total generating capacity of 510,000 kilowatts.

“The hydropower station will solve Tibet’s power shortage, especially in the winter,” Xinhua quoted an official from Tibet Electric Power Company as saying.

India has previously expressed concern about damming the Brahmaputra, one of the largest Himalayan rivers and a lifeline to some of India’s remote, farm-dependent northeastern states.

India’s Foreign Ministry last year urged China “to ensure that the interests of downstream states are not harmed by any activities in upstream areas” of the river after state media reports that China planned several more dams there.

Indian Foreign Ministry spokesman Syed Akbaruddin said yesterday that New Delhi had been aware the dam was “coming up”.

“The Chinese have told us that it should have no implications for us,” he said.

Dam construction in China has been blamed for reduced flow and sudden flooding on the Mekong River, which flows into Southeast Asia, claims Beijing has denied.

Foreign Ministry spokeswoman Hua Chunying told reporters: “The hydropower stations China builds will not affect the flood prevention and ecological system of downstream areas.”

via Massive Himalayan hydropower dam comes on stream in Tibet | South China Morning Post.

25/11/2014

News Corp. invests in India real estate website – Businessweek

News Corp. says it has invested in a real estate website in India as it tries to grow its digital business.

The New York-based media company, which is controlled by Rupert Murdoch, owns the Wall Street Journal newspaper and HarperCollins book publisher and runs the real estate website realtor.com.

News Corp. said Monday that it paid $30 million for a 25 percent stake in Elara Technologies Pte Ltd., which owns the Indian website, PropTiger.com. A News Corp. executive will join Elara’s Singapore-based board.

Last year, News Corp. split its newspaper and publishing business from its more-

via News Corp. invests in India real estate website – Businessweek.

25/11/2014

India to Double Renewables in Energy Mix, Minister Says – Businessweek

India plans to more than double the share of renewables in the mix of fuels it consumes, an effort to reduce the dominance of coal.

Renewables such as solar and wind may account for 15 percent of India’s energy supply in the next five years, up from 6 percent currently, said Piyush Goyal, a government minister in charge of power, said at a conference in New Delhi.

“While coal will continue to dominate our energy mix for sometime, we are taking steps to protect the environment,” Goyal said today. “Neither India nor the world has the luxury of time when it comes to protection of the environment.”

Prime Minister Narendra Modi wants to speed up clean energy deployment in India as it tries to attract more than $100 billion of investment for the industry in the next four years. At present, coal generates 60 percent electricity in a nation that suffers from chronic blackouts.

The minister reiterated his previously stated view that renewables can’t count on government subsidies for too long. He said the industry should focus on convincing banks to make funding for projects as easily available as loans for cars.

Modi’s administration reintroduced a tax break for the wind industry earlier this year. Goyal said he hopes those will help turbine installers add 8 gigawatts of capacity every year, a level that would make India one of the biggest wind markets in the world.

India plans to require power purchasers and generators to include renewable energy in their suppliers and will penalize those that don’t, he said.

India will host a renewables conference from Feb. 15 to Feb. 17 to encourage growth in the industry.

via India to Double Renewables in Energy Mix, Minister Says – Businessweek.

25/11/2014

Nepal to ink India power deal during Modi visit – Businessweek

Nepal’s government is signing an agreement Tuesday with an Indian company to build a hydroelectricity plant that will export power to India and also boost supplies in the energy starved Himalayan nation.

The inking of the deal with Indian company Satluj Jal Vidyut Nigam Ltd. to build the 900 megawatt Arun III hydropower station will coincide with Indian Prime Minister Narendra Modi‘s visit to Nepal for a South Asian regional summit.

The $1.04 billion project is expected to begin producing electricity in 2020. More than three quarters of its output will be exported to India, said Ghanashyam Ojha, external affairs official at the Investment Board Nepal.

The Arun III agreement, which was endorsed by Nepal’s Cabinet late Monday, comes just two months after a similar deal with another Indian company.

They are the two biggest private foreign investments in Nepal, and put India ahead of neighboring China, which has long shown interest in developing Nepal’s power industry.

In September, Nepal signed an agreement with Indian company GMR to build the $1.15 billion Upper Karnali Hydro power plant.

via Nepal to ink India power deal during Modi visit – Businessweek.

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