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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (1016)	3/3/2000 8:42:00 PM
From: Yamakita	Read Replies (1) \| Respond to of 1471

Mohan, are you planning on buying the Wipro ADR? It's interesting that these new ADRs are being essentially being treated as hot IPOs . . . I may take some SIFY gains and roll them into Wipro.

To: Mohan Marette who wrote (1016)	3/3/2000 8:43:00 PM
From: Mohan Marette	Respond to of 1471

OT US chemical major Rohm & Haas (Nyse:ROH) to set up local base rohmhaas.com rohmhaas.com Our Corporate Bureau in New Delhi US-based $7-billion chemical major Rohm & Haas is set to invest $10 million in India to set up a manufacturing facility and to expand its business in the country. The investment is likely to come through in the next couple of months. "The company will enhance its investment in India through acquisition and greenfield projects," Rohm & Haas Co chairman & chief executive officer Raj Gupta said in an interactive meeting organised by Federation of Indian Chambers of Commerce & Industry (FICCI) here yesterday. Declining to divulge further details on its investment plans, Gupta did not rule out the possibility of setting up a joint venture. The new investment in India is likely to be made in our areas of strength including polymers, he said, adding that company is not interested to invest in water treatment projects or fine chemicals. Rohm & Haas is concentrating on performance polymers for paints and coatings, household goods, personal care products, adhesives, sealant, building industry, agro-chemicals, salt, water treatment products and electronic chemicals. Current share of Rohm & Haas (India) Pvt Ltd, a 100 per cent subsidiary of Rohm & Haas, is $20 million out of total sales of $1 billion in Asia. Comparing India and China in terms of investment potential and market opportunities, Gupta said, there is consistency of policy in China which is lacking in India. "India definitely has got an edge over China in the field of e-commerce and other Internet related business, however it loses its advantage because of weak infrastructure," he said. Stating that India can become a major player in the $1.6 trillion chemicals market, Gupta said Indian companies need to do a lot of value addition to their products and reposition their business through picking and choosing specialty areas. "India should resist from the temptation to become a commodity producer and instead concentrate more on high value addition and creative expertise in the open market," he added. -Business Standard