Today in BsAs, met a biodiesel farmers’ cooperative from Argentina making a pitch for investments in jatropha, industrial castor seed planting and subsequent oil extraction. Husks of the seed drive biomass electricity and CO2 generated from burning husks is funneled into a bioreactor(Seeded with algae) producing 500,000 liters of oil – not sure the amount of seed husks required. Staggering…
Al Fin: 100,000 Gallons of Oil per Acre: Closed Loop Algae
Boosting credibility in the outsourced satellite launching business.
via The Times of India
Setting a world record, India’s Polar rocket on Monday successfully placed ten satellites, including the country’s remote sensing satellite, into orbit in a single mission. ( Watch )
The ten pack launch of the Indian Space Research Organisation (ISRO) saw the 230-tonne Polar Satellite launch Vehicle (PSLV-C9) carry the heaviest luggage–824 kgs–and put into orbit an Indian Mini Satellite and eight foreign nano satellites besides the Cartosat-2A remote sensing satellite.
The governments of India and Brazil (with 275 to 300 days of sunshine coming down on most places in these countries) should seed a fund – say with $50 billion from their wealth reserves, to jumpstart an Apollo program for low-cost solar.
via Salon News
CSP makes use of the most abundant and free fuel there is, sunlight, and key countries have a vast resource. Solar thermal plants covering the equivalent of a 92-by-92-mile square grid in the Southwest could generate electricity for the entire United States. Mexico has an equally enormous solar resource. China, India, southern Europe, North Africa, the Middle East and Australia also have huge resources.
Lessons for Latin America
A 2006 World Bank study by Harry Broadman, Africa’s Silk Road: China and India’s New Economic Frontier, which was based on a survey of Indian and Chinese firms operating in Africa, found that in contrast to China’s enclave-type, state enterprise-dominated corporate profiles with limited spillover effects, Indian firms have been better integrated into domestic markets. Moreover, unlike Chinese firms—which bring workers from China even for construction and other tasks when African countries have a severe unemployment problem—Indian firms overwhelmingly opt for Africans even for managerial positions.
African countries are being wooed by all the major economic powers, particularly for their minerals and energy resources, giving them leverage. Sustainable benefits to the average African citizen are, however, likely to be realized only when partnership involves strong domestic linkages; develops human resources; and assists in employing modern knowledge and technology to address developmental challenges, particularly in agriculture. If these criteria are applied, African countries will find Indian businesses to be appropriate developmental partners.
All emerging mkt governments should slowly stop sending tribute to the Microsoft empire.
Argentina may become the first country in the world to require all government offices to use open-source software, pending the outcome of a bill recently introduced in the nation’s congress.
rediff.com: 5 great value stocks to buy
Ruchi Soya Industries
If you’ve ever eaten soya curry, chances are that you are a Ruchi Soya consumer. With its premium brand Nutrela, Ruchi Gold and Mandap, the company is into the manufacturing of soya foods, edible oils, vanaspati, bakery fats and soaps.
With 17 per cent of its turnover coming from exports, it is India’s largest exporter of soya meal, with markets in Indonesia, Vietnam, South Korea, Thailand, the Philippines, Japan, Taiwan and the Gulf.
Ruchi has been a consistent performer and has seen net profits growing at over 50 per cent over the last six quarters. It is the third-largest company in the vegetable oil business by market capitalisation and is the most attractively priced among its peers.
KS Oil is available at 21 times earnings and Agro Tech Foods at 16.27 times earnings.
The wonders of competition- greater choice and lower prices. Indian consumers are benefiting from a liberalized airline sector – just like in telecom (with one of the cheapest calling charges in the world – 2c/min for local mobile calls and 6.75c/min for domestic mobile long-distance)
If you are planning a holiday this summer to the US, Australia, Germany or Hong Kong, international carriers will make sure you do it without burning a hole in your pocket.
Ticket prices do fall 10-15 per cent every summer. But, this year, the fares have fallen 30-60 per cent. Some airlines have decided to top these rock bottom fares with freebies like free hotel accommodation.
Although both the Argentinean and the Mexican markets have been growing, their growth is attributed to different reasons. The Argentinean pharmaceutical market has been growing mainly based on growing sales volume, while growth of the Mexican market is mainly driven by growing prices.
The Mexican market is dominated by foreign companies with few domestic players. The Argentinean market is dominated by domestic branded generics firms, due to the economic crisis which led to many foreign companies to sell their plants in Argentina, thus allowing the domestic firms to gain over their market share.
Sales of pharmaceutical categories in both countries are very similar to the West thus opening growth opportunities for foreign companies. However, sales of oncology drugs are low in both countries; and Mexico has higher sales of anti-infective drugs indicating that these markets still have scope for further development and growth.
It was interesting to hear yesterday that Chrysler and Nissan are working together on some new vehicles. It was not surprising to hear that Chrysler will manufacture a pickup truck for Nissan in Mexico, and that the Nissan product for Chrysler will be made in Asia. But it may have been a rebuke to doomsayers to hear that current production in Saltillo, MX, will be moved to a plant outside St. Louis.