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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: JPR who wrote (1671)	6/29/1998 7:23:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Unocal to invest $ 4 billion in India. JPR: Here is some good news,sanctions or no sanctions. {excerpts} US energy major Unocal Corp chalks out $4-b projects Shubham Mukherjee NEW DELHI 29 JUNE US-BASED energy group, Unocal Corporation has outlined detailed plans to set up a bevy of infrastructure projects in areas like oil and gas exploration,pipelines, power generation, LNG terminal and port development and fertiliser projects in the country. The projects to be developed over the next five years and estimated to cost $4 billion would not be affected by the sanctions, Unocal Bharat Ltd president and managing director Arun Metre told The Economic Times.......... economictimes.com

To: JPR who wrote (1671)	6/30/1998 11:50:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Open up faster to trade:Prof.Bhagwati JPR and all In case you haven't seen it. ---------------------------------------------------------------------- Date: 30-06-1998 :: Pg: 12 :: Col: c By N. Ravi INDIA should learn from the experience of the East Asian economies and go in for globalisation of trade and equity investments in a massive way but should avoid capital account convertibility and short-term borrowing ''like the plague'', says the leading economist, Dr. Jagdish Bhagwati in this interview with N. Ravi in New York. Dr. Bhagwati, who is the Arthur Lehman Professor of Economics at Columbia University, created a stir in academic circles with his strong opposition to totally free capital movements into and out of countries in a recent article in Foreign Affairs - a defection from the free market philosophy by a long time, committed advocate which one writer said was like ''a Vatican bishop turning up at a Presbyterian pulpit''. His argument was that free and unrestricted capital mobility would leave many countries crises-prone and that the ''Wall Street-Treasury complex'' had hijacked the philosophy of trade to the area of capital flows in a self-serving way. The following are excerpts from the interview: ................... webpage.com