Tata Steel – thyssenkrupp sign 50:50 joint venture
Tata Steel and thyssenkrupp AG has signed, a definitive agreement to create a new company by combining their European steel businesses in a 50/50 joint venture.
Variant performance development of thyssenkrupp Steel Europe and Tata Steel Europe has differential valuation gap between the two entities. The pivot agreement includes compensation for this valuation gap in such form that in case of an Initial Public Offering (IPO) of the joint venture thyssenkrupp happens to receive a higher share of the proceeds, reflecting an economic ratio of 55/45 in favour of thyssenkrupp. In addition, thyssenkrupp has the right to exclusively decide on the timing for a potential IPO.
The proposed new company, likely to be registered with ROC, thyssenkrupp Tata Steel B.V., best to be positioned as a leading pan-European high quality flat steel producer with a strong focus on performance and technology leadership. The transaction is subject to merger control clearance in several jurisdictions, including the European Union.
The joint venture not only addresses the challenges of the European steel industry. It is the only solution to create significant additional value of around 5 billion euros for both thyssenkrupp and Tata Steel due to joint synergies which cannot be realized in a stand-alone scenario. For both partners the stake in the joint venture means a significant lift up of value.
—Dr. Heinrich Hiesinger, CEO of thyssenkrupp AG
Andres Iniesta, announced retirement
Andres Iniesta, announced his retirement from international football after Spain’s shock defeat has played world cups,2006, 2010, 2014 and 2018
Andres Iniesta, gave Spain their first World Cup ever. You are irreplaceable. Legend
FIFA World Cup, which it did at the 2010 FIFA World Cup, in South Africa, the first time the team had reached the final.
India’s external debt stands at about USD 530 billion at end March 2018
India’s external debt stands at about USD 530 billion at end March 2018, recording an increase of US$ 58.4 billion over its level at end-March 2017. At end-March 2018, India’s external debt witnessed an increase of 12.4 per cent over its level at end-March 2017, primarily on account of an increase in commercial borrowings, short-term debt and non-resident Indian (NRI) deposits. The increase in the magnitude of external debt was partly due to valuation loss resulting from the depreciation of the US dollar against major currencies. The external debt to GDP ratio stood at 20.5 per cent at end-March 2018, higher than its level of 20.0 per cent at end-March 2017.
Major highlights pertaining to India’s external debt at end-March 2018 are presented below:
Ø At end-March 2018, India’s external debt was placed at US$ 529.7 billion, recording an increase of US$ 58.4 billion over its level at end-March 2017
Ø Valuation loss due to the depreciation of the US dollar vis-à-vis major currencies (viz., euro, SDR, Japanese yen and pound sterling) was placed at US$ 5.2 billion. Excluding the valuation effect, the increase in external debt would have been US$ 53.1 billion instead of US$ 58.4 billion at end-March 2018 over end-March 2017
Ø Commercial borrowings continued to be the largest component of external debt with a share of 38.2 per cent, followed by NRI deposits (23.8 per cent) and short-term trade credit (19.0 per cent).
Ø At end-March 2018, long-term debt (with original maturity of above one year) was placed at US$ 427.5 billion, recording an increase of US$ 44.3 billion over its level at end-March 2017.
Ø The share of long-term debt (original maturity) in total external debt at end-March 2018 was 80.7 per cent, lower than its level of 81.3 per cent at end-March 2017.
Ø The share of short-term debt (with original maturity of up to one year) in total external debt increased to 19.3 per cent at end-March 2018 from 18.7 per cent at end-March 2017. The ratio of short-term debt (original maturity) to foreign exchange reserves increased to 24.1 per cent at end-March 2018 (23.8 per cent at end-March 2017).
Ø Short-term debt on a residual maturity basis (i.e., debt obligations that include long-term debt by original maturity falling due over the next twelve months and short-term debt by original maturity) constituted 42.0 per cent of total external debt at end-March 2018 (41.6 per cent at end-March 2017) and stood at 52.3 per cent of foreign exchange reserves (53.0 per cent at end-March 2017)
Ø US dollar denominated debt continued to be the largest component of India’s external debt with a share of 49.5 per cent at end-March 2018, followed by the Indian rupee (35.8 per cent), SDR (5.5 per cent), Japanese yen (4.8 per cent) and euro (3.4 per cent).
Ø The borrower-wise classification shows that the outstanding debt of both government and non-government sectors increased at end-March 2018
Ø Debt service payments declined to 7.5 per cent of current receipts at end-March 2018 as compared with 8.3 per cent at end-March 2017
India’s Key External Debt Indicators
Source: RBI. Note: R: Revised. PR: Partially Revised. P: Provisional. #: works out to 6.3 per cent with the exclusion of India Millennium Deposits (IMDs) repayments of US$ 7.1 billion and pre-payment of external debt of US$ 23.5 million.
|
Trump, Congrats Obrador
Mexican ruling party candidate Jose Antonio Meade has conceded defeat to his leftist, anti-establishment opponent, after multiple exit polls showed Andres Manuel Lopez Obrador winning by a two digit margin. Obrador, 64, would be the first leftist president in decades in Mexico and is expected to move the country in a more nationalist direction, including reducing the country’s dependence on the United States, possibly further fueling tensions with President Donald Trump. An official ‘quick count’ of results is expected at 4am GMT. Obrador part too has won in the general election with simple majority but may not be able to take up constitution amendments for which they don’t have such majority in the house.
Mexico presidential election results goes all out in favour of Andrés Manuel López Obrador with people resting their wish in him to fight menace of drug, corruption which has made the state unpalatable for its citizen to enjoy its democracy norms.
Mexico election win on way to the leftist Andres Manuel Lopez Obrador in Mexico presidential vote former Mayor to Mexico city wants to bring change in Mexico politics to cull the rampant corruption and stop drug and don violence which has killed more than 250 politician this year.
US policies are American first and the Mexico election put anti-Trump winner Andrés Manuel López Obrador on top slot and will he able to tread his social -political paths smoothly.
US President Donald Trump has congratulated his newly elected Mexican counterpart, Andres Manuel Lopez Obrador, after multiple polls and an early count showed the leftist anti-establishment candidate decisively leading the vote. “There is much to be done that will benefit both the United States and Mexico!” Trump tweeted Sunday night. Although Obrador, 64, has vowed to reduce Mexico’s dependence on the US, triggering fears of a further escalation of tension with Trump, the US leader added that he looks “very much forward to working with him.”
Media in their article pose pertinent question, Mexico’s new president Obrador : How he will pay for his ambitious slate of social programs without overspending and harming the economy? Can he make a dent in the unyielding violence of the drug war? Can he really clean up systemic corruption?
Rajat Sharma new DDCA chief
DDCA Elections 2018: India TV Chairman and Editor-in-Chief #RajatSharma elected as Delhi & District Cricket Association President.
During and in course of election of DDCA , Rajat tweeted, I’m overwhelmed with the support I got from the #DDCA members. I’m specially thankful to the senior citizens who came to vote for me. I wish DDCA would have made better arrangements for the members who came to vote.
Further his tweets, DDCA Elections 2018: Rajat Sharma thanks supporters as polling concludes, results on Monday. Rajat said in his tweets, who is contesting for the post of the #DDCA President, said he needs just three years to transform the state cricket association into a professional and transparent body.
NGT order not to cut tree to Delhi builders
Last week most of opposition parties in Delhi raise an outcry on the culling of 17Ks trees in large number to develop seven colonies, by the government contracting agencies to develop and commercialize government colonies in the heart of the city.
Mass movement by awaken citizen brought the government in an orbit of environment degradation count and made praiseworthy intervention.
Delhi high court on Monday stayed till July 4 the cutting of more trees. Delhi participates in ‘Chipko’ movement to save 14,000 trees from felling. Congress planned a protest in Sunder Nagar,citizens took to the streets raised silent protest with banners. claiming that felling the trees would pollute the air further and make the city unlivable.
Social activist took to social media and created an eye opener stance for Delhites leading to a mass protest, Delhi residents protested by hugging trees reminiscing India of the 1970’s #ChipkoMovement in #Uttarakhand.
ANI@ANI reports
Delhi: National Green Tribunal (NGT) directs National Buildings Construction Corporation (NBCC) and Central Public Works Department (CPWD) to maintain status quo of not cutting the trees for re-development of 7 colonies until further orders; fixes 19 July as next date of hearing
Car Sales Growth in June 3% or 1% 6 Yr Avg ET Reported 30%
July02, 2018 (C) Ravinder Singh progressindia2015@gmail.com
ET Story of 30% growth in Car sales was astonishing for June18 which is not a festival season when Indians make most purchases, nor was it wedding time when cars are given as dowry. Study revealed following.
While ET Chart did mention the figure of 30% for June18 is based on Sales Dip in 2017. But figures before GST and Demonetization was213,494 units for June2015 and ET reported sales of 233,359 for June18.
June Sales Growth is 9.3% in 3 Years – not even 3% Compound Growth rate.
The Hindu on April15, 2018 already reported Annual Sales growth of3.3% – 2,173,960 for FY2017-18 from 2,103,847 FY2016-17.
BS April10, 2018 Provided detailed breakup of Automotive Sales for FY2017-18.
Passenger vehicles (cars, utility vehicles and vans) closed the year with sales of 3.28 million units, growing at 7.89 per cent, against 9.23 per cent in 2016-17. Cars grew at 3.33 per cent to 2.17 million units, while utility vehicles expanded at a healthy 21 per cent to 0.92 million units.
Commercial vehicle sales made a strong comeback with 20 per cent growth in 2017-18, significantly higher than 4 per cent in 2016-17. Within the segment, sales of medium and heavy vehicles grew 12.48 per cent to 340,313 units, while those of light vehicles expanded at over 25 per cent to 516,140 units. Three-wheeler sales also hit a new record of 635,698 units, growing 24 per cent from the previous year.
Sales of two-wheelers in the world’s biggest market recorded a new high of20.19 million units last year, growing at 14.80 per cent, compared with 7 per cent in 2016-17. Motorcycle sales grew 13.69 per cent to 12.61 million units, while scooters expanded 20 per cent to 6.71 million units. Mopeds, however, declined over 3 per cent to 0.85 million units.
But further study revealed Indians continues to be affected by CBI raids on Businesses, started in 2011 in matters of Coal Blocks & Telecom Spectrum Demonetization in 2016 and GST in 2017.
Two wheeler sales in 14.8m in FY14 has expanded to 20.19m in FY18 – 36.4% growth.
Two Wheeler Sales Growth 5.4m in 4 Yrs – Car Sales 0.14m 6 Yrs
Car sales were 2,031,306 in FY2011-12 which progressed to 2,173,950 in FY2017-18.
This is only 7% Car Sales growth in 6 years.
This is indication of EARNINGS of Rich Indians had not improved in last 6 years when Indian population increased by about 13% to 14%.
Or their expenditure on Education, Healthcare, Energy, and other Household Expenditures had gone much sharply.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 8826415770, 9871056471, 9650421857
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,
Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects
Redoine Faid, hollywood style escape
France police launched a massive manhunt for a notorious gangster who said his life of crime was inspired by Hollywood films like Scarface, after he pulled off a spectacular jailbreak Sunday, fleeing his prison aboard a hijacked helicopter in a commando-style operation.
Redoine Faid, 46, broke out of the prison near Paris with the help of two accomplices who used smoke bombs and angle grinders to make their way into the facility’s visiting room where Faid was talking to a brother, who was later taken into custody, according to prison unionist Martial Delabroye and a judicial source.
The men quickly made good their escape in the helicopter in an operation lasting just 10 minutes, Delabroye told AFP at the penitentiary in Reau in the French capital’s southeastern suburbs.
It is the second time Faid has pulled off a spectacular escape — in 2013, he blasted his way out of a prison in northern France using dynamite.
Some “2,900 police and gendarmes have been mobilised” for a nationwide manhunt, a police source told AFP.
The helicopter — hijacked from a terrified flight instructor — landed at around 11:15 AM (0915 GMT) in the prison yard.
The two black-clad men armed with assault rifles set off smoke bombs before breaking their way into the prison’s visitation room using the power tools.
The wardens, who were unarmed, fled to safety and raised the alarm.
The helicopter was later found in a northeastern suburb of Paris about 60 kilometres (37 miles) from the prison, one source said.
A police source said the helicopter pilot was a flight instructor waiting for a student when he was seized by Faid’s accomplices. He was forced to fly before being later freed in a state of shock.
The men apparently went on to use a car that was later found torched in a shopping mall carpark, police said.
French Justice Minister Nicole Belloubet, who arrived at the prison in Reau on Sunday evening, said the commandos most likely “used drones to survey the location… the inquiry that’s under way will tell us.”
The escape came after an appeals court in April sentenced Faid to 25 years for masterminding a botched armed robbery in 2010 in which a policewoman was killed.
Faid has been behind bars since mid-2011 for breaking the terms of his parole over past convictions for bank robberies and brazen heists of cash-in-transit vehicles.
In his 2013 jailbreak, he briefly took four guards hostage with a pistol before escaping in a waiting getaway car. All the hostages were released unharmed.
Faid was recaptured six weeks later at a hotel in an industrial area on the outskirts of Paris.
A woman working at the hotel told AFP at the time that Faid’s accomplice had paid for the room in cash and that the two men had been there for several days.
Faid had earlier been released from a 10-year stint behind bars after convincing parole officers that he regretted his criminal past and was determined to start afresh.
Police nicknamed him “The Author” for two books he co-wrote about his delinquent youth.
Faid, who has a cult following in the tough immigrant suburbs outside Paris where he grew up, has made several television appearances.
‘He’s very polite’
At a Paris film festival in April 2009, Faid approached Michael Mann, director of the 1995 gangster film Heat starring Al Pacino and Robert Niro, telling him: “You were my technical adviser.”
He wrote that he had watched the film dozens of times to perfect his bank-robbing prowess.
One of his prison supervisors said that Faid had never had any disputes with staff, “but we must always be wary”.
“In the corner of his mind, he never lost the idea of escaping. Behind all his manners — he is very polite — he always hid his game,” the supervisor said.
Delabroye, the prison union rep, said the yard where the helicopter landed is the only area not equipped with anti-aircraft netting because inmates never use it — “except to leave the prison”.
State Wise Analysis of Election Expenditure and Vote Share
ADR and NEW have analysed the election expenditure and vote share of 4087 out of 4120 sitting MLAs. Analysis of Election Expenditure for Meghalaya and Karnataka have not been included in the above analysis as their data was not available at the time of making this report.
In 2014, as per the instructions from the Govt. of India, the Election Commission of India revised the election expenditure limit for candidates contesting for Lok /Rajya Sabha and Assembly elections. For Larger states, the limit for assembly elections was revised from Rs. 16 lakhs to Rs. 28 Lakhs, whereas for the smaller states, it was increased from Rs. 8 Lakhs to Rs. 20 Lakhs. It is to be noted that this report has been generated keeping the assigned expenditure limit during the year when the particular State Assembly Elections were held.
For complete report please visit: https://adrindia.org/content/state-wise-analysis-election-expenditure-and-vote-share
Analysis on the basis of election expenditure
v MLAs from 11 states namely Kerala, Tripura, Gujarat, Uttarakhand, Mizoram, Punjab, Himachal Pradesh, Maharashtra, Chhattisgarh, Assam, and Bihar have spent more than 50 % of the expenditure limit.
v Among the States, which have gone for elections in the last 5 years (2013-2018), it has been observed that the maximum amount of expenditure by the MLAs has been done for the vehicles used for the campaign. They have spent only 5% on the campaigning through print and electronic media.
Analysis on the basis of Vote Share
v None of the political parties/ alliances of political parties forming the government have won with more than 55% of vote share.
v Arunachal Pradesh has the highest vote share i.e. 53.1% while Jharkhand has the lowest i.e. 31.2 %.
v Besides Arunachal Pradesh, there are 4 other states namely Gujarat, Tripura, Sikkim and Himachal Pradesh where the political parties/ alliances of political parties forming the government have won with more than 50 % of vote share.
Analysis on the basis of cases related to Electoral Malpractices
v Out of 1356 MLAs with declared criminal cases, 128 have declared cases related to electoral malpractices such as bribery (171E), undue influence or personation at an election (171F and 171 C), illegal payments in connection with elections (171 H) etc.
v Bihar has the highest number of MLAs i.e. 38 who have declared cases related to electoral malpractices, followed by 20 MLAs from Karnataka and 18 MLAs from Uttar Pradesh.
v 95(74%) out these 128 MLAs have won with more than 40 % of vote share.
National Election Watch/Association for Democratic Reforms
Media and Journalist Helpline
+91 80103 94248
Email:adr@adrindia.org
|
Maj.Gen. Anil Verma (Retd)
Head
National Election Watch,
Association for Democratic Reforms
011 4165 4200,
+91 88264 79910
adr@adrIndia.org,
|
Prof Jagdeep Chhokar
IIM Ahmedabad (Retd.)
Founder Member,
National Election Watch, Association for Democratic
Reforms
+91 99996 20944
|
Prof Trilochan Sastry
IIM Bangalore
Founder Member,
National Election Watch,
Association for Democratic Reforms
+91 94483 53285
|
—
Association for Democratic Reforms
T-95, C.L. House, 2nd Floor,
(Near Gulmohar Commercial Complex)
Gautam Nagar
New Delhi-110 049
(Near Gulmohar Commercial Complex)
Gautam Nagar
New Delhi-110 049
Jalalabad blast kills 20 people
ISIS takes responsibility for Jalalabad blast in Afghanistan that claimed the lives of 17 Sikhs. the latest updates.
Saleha Soadat journalist tweets, Afghanistan: A suicide bomber blew himself in Jalalabad city killing at least 20 people. Most of the victims were members of the Sikh & Hindu minority groups. Awtar Singh Khalsa, Sikh candidate for the October parliamentary elections also dead. Suicide bomber targets vehicle carrying members of the Sikh community in Jalalabad, Afghanistan, killing at least 19 and wounding 20. First major attack on country’s Sikh minority, another tweets.
Suicide bomber made an explosion hit the center of the eastern Afghan city of Jalalabad on Sunday, killing at least 20 people, including several members of the small Sikh minority, provincial government officials said.
The blast, hours after President Ashraf Ghani had opened a hospital in Jalalabad, damaged shops and buildings around Mukhaberat square in the city, said governor’s spokesman Attaullah Khogyani.
A politician representing the minority Sikh community was killed in the blast. Officials said Awtar Singh Khalsa, who had planned to stand in October’s parliamentary elections, was dead.
Ghulam Sanayi Stanekzai, police chief of Nangarhar said the explosion was caused by a suicide bomber who targeted a vehicle carrying members of the Sikh minority who were traveling to meet the president. Officials said at least 10 of the dead were Sikhs.
Officials said the casualty total might have been even higher had much of the city not been blocked off for Ghani’s visit. He was not in the area when the blast occurred.
There was no immediate claim of responsibility for the blast, the latest in a series to have hit Jalalabad, the provincial capital of Nangarhar, where Daesh fighters have established a strong presence in recent years.
The attack underlined the fragile security situation in Afghanistan after last month’s brief ceasefire between government forces and the Taliban.
The three-day truce did not include Daesh, which fights both government forces and the Taliban and which has shown no sign of letting up its campaign of violence.
Accountability Court hearing Nawaz Sharif & family
The accountability court hearing the Avenfield properties reference against former prime minister Nawaz Sharif and his family resumed the proceedings on Monday.
Nawaz and his family are facing three corruption cases in the accountability court after the National Accountability Bureau (NAB) filed references against them in light of the Supreme Court’s verdict in the Panama Papers case last year.
As the hearing went under way, the defence counsel for Nawaz’s daughter Maryam and son-in-law Capt (Retd) Safdar, Amjad Pervez, resumed presenting final arguments in the case.
During the hearing, the defence counsel will submit another exemption request on behalf of Nawaz and Maryam as the two are in London tending to Begum Kulsoom Nawaz.
The counsel will also submit an updated medical report of Nawaz’s wife detailing reasons for the former premier’s delay in returning to the country.
Previously, Nawaz’s counsel Khawaja Haris had presented final arguments in the case. The court has also summoned Federal Investigation Agency Additional Director Wajid Zia, who headed the Panama case joint investigation team, on July 3 for the Al-Azizia Steel Mills reference.
The trial against the Sharif family had commenced on September 14, 2017.
The corruption references, filed against the Sharifs, pertain to the Al-Azizia Steel Mills and Hill Metal Establishment, offshore companies including Flagship Investment Limited, and Avenfield properties of London.
Nawaz and his sons, Hussain and Hasan, are accused in all three references whereas his daughter Maryam and son-in-law Safdar are accused in the Avenfield reference only.
The two brothers, based abroad, have been absconding since the proceedings began last year and were declared proclaimed offenders by the court.
The court originally had a deadline of six months which ended in mid-March but was extended for two months after the judge requested the apex court.
Later, the deadline was extended twice more, with the new date falling somewhere around July 10 now.
WHY TO BLAME TRADERS FOR NOT ISSUING BILLS
01st July, 2018
WHY TO BLAME TRADERS FOR NOT ISSUING BILLS. IT’S CONSUMER WHO
AVOID BILL DUE TO HIGHER TAXES
TRADERS UPBEAT ON ONE YEAR COMPLETION OF GST
SOUGHT SIMPLIFICATION & RATIONALISATION OF GST
Traders across the Country today observed GST Day on one year completion of GST in India under the umbrella of the Confederation of All India Traders (CAIT).The one year completion of GST in the Country is having mixed reactions from traders who are the real carriers of GST. For initial six month the traders face several problems on account of glitches in GST portal as also repeated changes in the Rules but now the situation has improved but still traders feel that there is great scope for further simplification of tax structure-said CAIT.
CAIT National President Mr BC Bhartia & Secretary General Mr Praveen Khandelwal said strongly refuted the blame on traders that they do not issue Bills and avoid taxes. It’s an open fact that most of the times it is the consumer who avoid taking Bills as he don’t want to pay tax may be due to high rates. It’s necessary to educate consumers to pay taxes and tax rates should be brought down.
Both Mr Bhartia & Mr Khandelwal said that traders feel upbeat over availability of input credit, got rid from multiple taxes and multiple Authorities and virtually no interaction with the tax officials which has reduced corruption under GST. These features make GST a unique taxation system.
Mr Bhartia & Mr Khandelwal suggested that instead of monthly returns, quarterly returns be prescribed on Form 3B, refunds should be automatically processed to bank account of traders, e way Bill should be allowed only on inter-state sales and not intra-state transactions, only two slab of tax rates, inter-state sales should be allowed in composition scheme, re-classification of goods, HSN code be made applicable only on manufacturers and not on traders are few of the steps which will make ease of doing business under GST. It will also be good if a GST Lokpal is constituted for disposal of grievances in a transparent & impartial manner. Items like Auto Parts, Cement, Paint , Marble should be taken out from slab of 28 % and be categorised under lower slab.
Nordic Technologies Best for India, Match Box vs Lighter
June30, 2018 (C) Ravinder Singh ravinderinvent@gmail.com
It is very difficult for present generation in India to imagine thatWIMCO’s match boxes ensured Indians had their meals Cooked in time for decades in last century. When a Match Box used to cost 5p, Americans were using disposable lighters that cost 1000p.
Not just that Kitchen Fire was Preserved and Shared 1960 [Milk was preserved by Heating it Slowly on Dung Cake fuel] – a person may rub a match stick to light up a Cigarette, up to ten others – including strangers would share it to light up their own in a train.
In 1967 my family had first Refrigerator – a Danish company introduced Refrigeration Compressor Technology to India and made it affordable.
Denmark around 1970 donatedButter Oil to India – which was sold at discount through PDS – revenue from it Started ‘White [Milk] Revolution in India – was called Operation Flood.’ Since then Milk Production in India had gone up 6-8 Fold. Denmark also funded WASTE TO POWER 4 MW unit in Delhi in 1970.
When a Chess Match between USA & USSR was impossible to think at height of Cold War, Space Race in 1972 – Iceland provided the venue to Chess World Cup –Bobby Fischer vs Boris SpasskyFinal which I followed on daily basis. In 1973 I was ranked No.1 after 5 rounds in U-20 Chess Championship. Billions were inspired by the Chess World Cup Final.
In 1975 I was procuring Electrical Equipment for India’s biggest coal fired power plant and L&Twas the leading supplier is presently India’s top Engineering Company. TATA MOTORS & TATA STEEL are ahead of L&T but earn most of their revenue in EU.
In 1995 ERICSSON first introduced Mobile Networks and Phones to India followed by NOKIA. VOLVO launched World Class Trucks and Buses to India to be followed by SCANIA Buses – rest of world’s major bus companies too came recently.
NORDIC Agro Technologies, Rural Technologies, Renewables, Hydro Power, Water Supply are Best Suited to Indian conditions can be readily implemented.
I have invented Scores of Technologies for the World Market – all are Efficient & Reduce Emissions but India doesn’t have the necessary IPR Protection & Regulations to support Inventions. China is flooding India with low cost good quality products.
Even matters of services – you open a Saloon or a Coffee Shop 10 more will come around it in one year within 500m radius. A family get more than 4 Times Bank Loans than GDP of Iceland – Competitors get only a fraction and MSME & Inventors nothing.
I have read about Nordic Technologies & Companies and interacted with them have Scores of technologies for them too. Commercialization of Inventions is a big challenge in India.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 8826415770
Comments
Post a Comment