2008 April 12 | IndusLatin

Promoting India Latin America Collaboration

‘IT to grow 33% despite slowdown’

April 12th, 2008 Posted in Uncategorized

via The Times of India
Despite a global slowdown, Indian IT industry will continue its upward movement. And even if growth rates do slow down a bit, the industry will still reach its target revenue of $60 billion by 2010, says Nasscom. “We expect the Indian IT-BPO revenue to grow at 33% this year. Exports have already touched $40.8 billion and the domestic market has crossed $23 billion,” says Som Mittal, president, Nasscom. “Even if we are able to maintain a 22% growth rate, the IT industry will be able to meet its target of $60 billion by 2010,” says Mittal.

Popularity: 2% [?]

India, IT

India, China join world’s top five, become donors

April 12th, 2008 Posted in Uncategorized

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via Thaindian News
With India and China among the top five economies, developing countries now produce 41 percent of the world’s output, up from 36 percent in 2000, according to the World Development Indicators (WDI) 2008. Measured at gross national income, the United States is still the largest economy, producing $13.2 trillion worth of goods and services; but China is number two, and India is number four, a senior world bank official said Friday.

“So we have two developing countries in the top five, and we have three more in the top 12,” noted Eric Swanson, programme manager, World Bank Development Data Group, taking it as a pointer to growth of the developing world and its movement into the global economy.

Popularity: 1% [?]

statistics

Per-Capita Pharmaceutical Spending in Chile is Due to Reach US$81.4 by 2012

April 12th, 2008 Posted in Uncategorized

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via BizWire
Per-capita pharmaceutical spending is due to reach US$81.4 by 2012, buoyed in part by increased government spending. The author forecasts that the total market will be worth US$1.42bn in 2012 in final consumer prices, roughly double its US dollar value in 2004.

Still, while her administration has taken steps to increase healthcare programmes, President Michelle Bachelet remains under intense pressure to increase healthcare and other social spending

Popularity: 3% [?]

Chile, pharma

World’s biggest copper mine to grow even more

April 12th, 2008 Posted in Chile, Commodities, India

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via Reuters
Everything about Escondida is a superlative. It’s the world’s largest copper mine in the world’s largest copper producing country and it is easily visible from outer space.

“I think Escondida is a world-class ore body and probably one of the biggest ever discovered,” said Diego Hernandez, the president for base metals for majority-owner BHP Billiton, the world’s largest diversified miner.

Not satisfied to simply be producing nearly a quarter of Chile’s copper, nearly 1.5 million tonnes last year, Escondida is looking for more, and expects a three-year-old exploration program to extend the existing 40-year mine life with new discoveries soon.

Popularity: 2% [?]

Chile, copper

Mahindra: The tractor maker who has John Deere on the run

April 12th, 2008 Posted in Engineering and Manufacturing, India, Profile - Individual/Company

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Mahindra assembles its Cimarron 4×4 in Uruguay. Also, potential to sell its Scorpio SUV in LatAm. Scorpio was conceptualized and built for USD 150 million. At a fraction of the cost of other SUVs.

reportonbusiness.com:
Anand Mahindra was at the World Economic Forum in Davos, Switzerland, last year when Robert Lane, chairman of U.S. farm equipment concern Deere & Co., approached him.

“I’ve been to your dealerships and seen all your manuals,” he told Mr. Mahindra, whose Mumbai-based Mahindra & Mahindra Ltd. has been taking on the maker of John Deere tractors in the U.S. market.

Well, replied Mr. Mahindra with a laugh, “that’s good news and bad news.”

The bad news is that the world’s biggest tractor maker has put Mahindra & Mahindra in its sights. The good news, both for Mr. Mahindra and India, is that a behemoth like John Deere is worried enough to bother.

Read the rest of this entry »

Popularity: 16% [?]

Engineering and Manufacturing, India, Latin America, Uruguay

Bolivia’s stagnant natural gas sector affects Southern Cone

April 12th, 2008 Posted in Argentina, Brazil, Energy

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via MiamiHerald.com
Venezuela’s state oil company has failed to fulfill promises to make badly needed investments in Bolivia’s natural gas fields.

This has contributed to a lack of new production under Bolivian President Evo Morales, which in turn, has had huge ramifications throughout the Southern Cone. Brazil, Argentina and Chile — which all were depending on more gas from Bolivia for their growing economies — find themselves facing energy shortages that seem likely to pinch consumers, businesses and economic growth during South America’s upcoming winter months.

In doing so, Argentina is following the lead of Brazil and Chile, which — having concluded that Bolivia is not a reliable source — are now spending hundreds of millions of dollars to build terminals that would allow them to import liquefied natural gas from Nigeria, Indonesia, Malaysia, Trinidad and elsewhere. (!)

Popularity: 1% [?]