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Strategies & Market Trends : Asia Forum

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To: LKO who wrote (1537)	1/25/1998 2:47:00 PM
From: Mohan Marette	of 9980

<<How much is a "Rs 480 crore" project ? What is a "high power committee ?">>> LKO: Rs 480 crore = approx. US$127 million. Crore =a unit of value equal to ten million rupees or 100 lakhs High power committe= you got me! Probably 'high' ranking officials in the state goverment,whose job might be to approve such projects,I would think. <<That is a lot of software professionals.>>> ain't it though. <<Anyone know of any direct plays with ADRs etc in Indian public companies doing software outsourcing ?>> I heard a leading software company there called Infosys is planning to offer ADRs here in the U.S,I don't know when but you can email them and ask them. Here is the URL for Infosys: inf.com There are several Indian companies traded as GDRs on London and Luxemburg exhcanges,I think. <<How are financial reporting requirements in India for public companies ?>>> while at the Infosys site, you can check out their fiancials as well and see. or here is direct link to their 1996-97 financials. inf.com A few mor urls for Indian companies. tata.com mahindraworld.com indiaworld.co.in

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