India Myth: Indians Ride on Rails Built by Brits

Business Week says today : “Much of India’s railway system was built by the British during the 19th century and the early 20th century. So it’s no surprise an upgrade is badly needed.” The India Expert says “WRONG and MISLEADING”. During the time that the British ruled India, they indeed did build a far reaching [...]

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November 25, 2014   No Comments

Fairfax Financial Holdings’ Strong Focus on India

Prem Watsa, known as the Warren Buffet of Canada, plans to invest at least $1 billion in India as part of a consortium. Watsa’s company, Fairfax Financial Holdings has already invested  $27 billion worldwide. The IIT Madras alumnus left India 42 years ago and is  counted amongst the wealthiest individuals in Canada. Watsa announced the [...]

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November 25, 2014   No Comments

New Energy Minister Discloses Aggressive Expansion Plan

India’s energy demand is set to double by 2019, according to Piyush Goyal, India’s minister for power, coal and renewable energy. “It’s a huge investment opportunity of nearly $250 billion over the next four to five years, including$100 billion in renewables and $50 billion in transmission and distribution.  In recent remarks, Minister Goyal said that [...]

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November 24, 2014   No Comments

Obama Announces Repeat India Visit

For the first time, an American President will be the Chief Guest at India’s national day parade on Monday, January 26, 2015 (known as Republic Day in India). It will also be the first time in history that a sitting American President will have visited India twice. (President Clinton has been to India a number [...]

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November 24, 2014   No Comments

New Defense Minister Acts Quickly

Six times since the infamous Bofors scandal of the 1980s, India has cancelled the purchase and upgrade of its artillery. This is set to change. At his very first opportunity to chair the Defense Acquisition Council meeting, Manohar Parrikar issued orders for a Request for Proposal to be launched for 814 mounted-gun systems. The guns [...]

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November 22, 2014   No Comments