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Strategies & Market Trends : India Coffee House
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To: Senor VS who wrote (3189)11/9/1998 10:13:00 AM
From: Mohan Marette  Read Replies (1) of 12475
 
Business India-From Asian intelligence.

Ravi:
Interesting news from home.

INDIA'S SOFTWARE EXPORT EARNINGS POISED FOR 62% GROWTH

NEW DELHI - India's software export earnings are likely to
increase by over 62 per cent and touch Rs 110 billion (US$2.6
billion) in the current fiscal year, according to the
Electronics and Computer Software Export Promotion Council
(ESC). Software export earnings had grown at an average rate
of 55 per cent and stood at Rs 68 billion (US$1.6 billion) at
the end of fiscal 1997-98, a council statement said. India
exported software to 125 countries and there were 625
exporters contributing to the sector's growth, it said. To tap
the huge market, the ESC planned a major assistance programme
for small and medium software exporters by providing new
financing mechanisms, it said.

INDIA TO ALLOW MINORITY FOREIGN STAKES IN INSURERS

LONDON - India will allow minority stakes for foreign
companies in the insurance sector and a bill to this effect
will be brought in the forthcoming winter session of the
Parliament, federal finance minister Yashwant Sinha said. "We
plan to allow foreign equity in insurance to bring it on par
with world levels and harness the funds for long-term needs in
infrastructure develoment," Sinha told investors in London.
The minister sought to allay fears of further delay in the
opening of the insurance sector due to the process of moving
the proposed bill to a joint committee of Parliament.
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