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Ford to up India output by over 30% ahead of festive season
American car major Ford today said it will increase vehicle production in India by over 30 per cent from this month to meet increased demand in the upcoming festival season.

Letters: Metro-man
Shyamal Majumdar’s “Game Changers” (Dec 28) did a good job talking of the Indians who have changed the last decade, and predictably the list begins with Prime Minister Manmohan Singh and contains the Ambani brothers, LN Mittal and even golden oldies like Amitabh Bachchan. Majumdar’s list, however, is incomplete without mentioning people such as E Sreedharan, the chief of the Delhi Metro Rail Corporation (DMRC). At a time when everyone associated the public sector with poorly executed projects, Sreedharan proved them wrong and gave the Capital a world-class Metro that is the envy of many. All of this, it is important to keep in mind, was executed within the government system as well as with public sector salaries.

News of the day

Bacardi-Martini India: Digital engagement
Bacardi-Martini India and Hungama Digital Media have launched a music and video download website called Bacardi Mixxology (mixbacardi.com) to promote the Bacardi white rum brand in the country. Similar to iTunes, the internet storefront allows users to download music, videos, ringtones, mobile wallpapers at a reasonable price of Rs 10 a download or Rs 99 for unlimited downloads for a month, both on PCs and mobile handsets.
Online Business

Healthcare presenting ripe investment opportunity for PE, VC

The Indian healthcare industry, growing at an exponential rate, now presents an attractive investment opportunity for private equity and venture capital firms, says private equity experts. - Comexes given 6 more months for divesting foreign equity - Panel moots Rs 3,000 cr investment in dairy sector - Kuwait's sovereign fund denies losing $94 billion - FPO of NTPC, REC likely in 2 months: FinMin - Omaxe to invest Rs 1,500 cr in four projects; mulls price hike - Singapore"s GIC signals shift to Asia after global downturn They say the healthcare sector is growing rapidly with the rise in lifestyle-related and other diseases. A recent industry report sees healthcare, which is at present a $35 billion industry in the country, reaching over $75 billion by 2012 and as much as $150 billion by 2017. "There is a huge demand supply gap in healthcare delivery business in India as there are few organised hospital chains. Pharma, retail, medical equipment, diagnostics services are businesses where efficiency can be brought in," Sahad PV of VC Circle, an website which tracks deals, said. Sanjay Arte, Partner, India Value Fund, a PE fund focusing on mid-size firms, believes there is a significant untapped potential for private equity and venture capital in sector. "Long term capital of the kind that is provided by PE and VC firms will help in the development of an efficient and high quality healthcare services industry in India," Arte said.


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