vendredi 9 février 2007

L'usine de BMW arrive à Chennai (Madras) en Mars


Source: Financial Times


Germany
's BMW, the world's biggest luxury carmaker, will start assembling cars in India next month and expects to produce 1,000 vehicles in the plant's first year of operation, it said on Thursday.

The Munich-based company also said it would stick to its goal of selling 150,000 cars in Asia by next year, after sales in the region climbed 13.8 percent last year to a record 126,949 vehicles.

BMW's plant in Chennai in India's southern state of Tamil Nadu is the group's fifth factory in Asia and will make 3 and 5 series BMWs exclusively for the Indian market.

"It will be around a thousand units this year and we'll bring it up to the plant's capacity of 1,700 next year," BMW management board member Michael Ganal told journalists after a news conference.

BMW, the world's biggest premium carmaker ahead of DaimlerChrysler's Mercedes-Benz, hopes to sell around 1,000 cars this year in India, up from just 257 last year.

Ganal said India was a difficult market but added that the firm expects to profit from rising demand for its luxury cars as a result of rising wealth.

Sales in the premium segment -- which includes such brands as BMW, Mercedes-Benz, Lexus, and Audi -- in Asia's third-largest economy reached 5,400 cars last year and Ganal expects that figure to rise to around 10,000 by 2012.

The company also said sales of BMW brand cars in Asia rose 15.5 percent in 2006 from the previous year to 109,848 units.

Sales of its popular Mini in Asia rose 3.7 percent to 16,959 vehicles, while its ultra-luxury Rolls-Royce Phantoms sold 142 times -- 40 more than in 2005.

Sales of BMW motorbikes were almost unchanged at 3,620.

Japan, which accounts for the lion's share of sales in the region, recorded a 5.6 percent rise to 62,068 units, while China showed the strongest growth rate in Asia last year, up 35 percent to 44,700 vehicles.

Last month, BMW announced a 5 percent rise in 2006 group sales to a record 49 billion euros ($64 billion) and reaffirmed that its 2006 pretax earnings would hit 4 billion euros on the back of a 3.5 percent rise in unit sales to just over 1.37 million BMW, Mini and Rolls-Royce cars. ($1=.7684 Euro)

EADS signe un accord avec L&T à Bengaluru Aero India 2007

Source : Business Standard

Larsen & Toubro (L&T) and European aerospace and defence group EADS today took the first step towards joint exploration of business opportunities in defence and aerospace.

According to a release issued by L&T to the BSE today, M V Kotwal senior executive vice president of L&T and Daniel Baubil, executive vice president and head of global industrial development of EADS, signed a Memorandum of Understanding (MoU), to establish a long-term, profitable and stable relationship to better address the needs of the aerospace and defence markets in India and around the world. The signing took place at the Aero India 2007 exhibition in the city.

M V Kotwal said that, "the opening up and rapid growth of the defence market represents a major opportunity. This can lead to new forms of cooperation involving innovative technologies. As a company that has been supplying critical equipment and systems to the strategic sectors of defence and aerospace for over four decades, we welcome this opportunity to induct state of the art technology, and expand our range of high value offering".

'The agreement between L&T and EADS defines the formation of working teams to build a joint business model and appropriate common strategies on several key segments of the aerospace and defence market', the release added.

Pas de Taittinger? Ce n'est pas grave, Il y a le Scotch

Source : Economic Times

Isle of Jura was among the favourite evening toasts of the late Vittal Mallya. This drink from the Whyte & Mackay portfolio figures in the bar cabinet of Conservative Party leader David Cameron-widely touted as the British prime minister in waiting.

Nearly 25 years after donning the mantle of UB Group chairman following the sudden demise of his father, Vijay Mallya looks set to swoop down on London to clinch the $1.06-billion acquisition deal for Whyte & Mackay. After seven months of negotiations and several failed deadlines, UB’s top financial honchos are seen hammering out a consensus with W&M chairman Vivian Immerman on a deal valued at £540 million, which is higher than the initial offer that stood at around £480-500 million.

A top UB source confirmed that a deal is in the offing any time, with final due diligence and bankers’ visit to W&M’s four distilleries likely to be completed next week. Both camps are still in talks to resolve some minor irritants, which are not exactly threatening, source added.

jeudi 8 février 2007

Wadia amène Danone dans le tribunal Indien

Source : Economic Times

The Bombay High Court will hear the Wadia Group's dispute over a joint venture with France's Groupe Danone in due course of time.
The matter was earlier being heard by a division bench of Justices R M Lodha and S A Bobde, who had restrained Groupe Danone from "creating third party interest" in the five per cent stake that it picked up in another Indian company, Avestha Gengraine.

The earlier order implied that Danone could not sell or transfer its shares of Avestha till Janury 10. With judges to hear the case yet to be appointed following Lodha's transfer to the Rajasthan High Court, status quo shall be maintained in the matter.

Danone had formed a joint venture with the Wadia Group in 1994 called Wadia BSN Ltd. According to the agreement between the Wadias and Danone, if either party wanted to invest independently in any "business opportunity" in India, it would first place the proposal before the Wadia BSN board.

If Wadia BSN was interested in that business or investment opportunity, the partners independently could not make an investment. On the other hand, if Wadia BSN was not interested, the partners can avail of the opportunity on their own, the agreement stipulated.

This agreement has now become a bone of contention between the two firms. In October last year, Danone put up a proposal at a board meeting of Wadia BSN that the joint venture could acquire a five per cent stake in Banglore-based Avestha. But the Wadias' case is that Danone later went back on the proposal and acquired a five per cent stake in Avestha on its own.

This violates the pact between the two partners, the Wadias say, especially when the joint venture itself was interested in acquiring stake in Avestha.

mardi 6 février 2007

La vision numérique de l’Inde et ses un billion

Source : Jonathan Fildes
Science and technology reporter, BBC News

As 2006 drew to a close the President of India outlined his vision for a connected India.

He challenged the country's technical elite to provide free bandwidth "for anyone, anywhere, anytime".

In the speech, Dr Abdul Kalam said that communication channels were a "demolisher of imbalances" and likened the government's responsibility to it to "laying the roads".

This one action, he said, would not only boost the economy of India but would also address the imbalance between the haves and the have-nots of the digital world.

It would allow for services such as e-governance, remote diagnosis of disease through telemedicine and distance learning.

"I am convinced we will soon be living in a world of unlimited bandwidth," he told the gathered crowd in the IT hub of Salt Lake, just outside Calcutta.

But Dr Kalam, and the India government's vision of inclusive growth is not as simple as it may seem.

Business muscle

Although in urban areas there is a fibre optic infrastructure and a comprehensive mobile phone network, it only serves a fraction of the population.

More than 700 million Indians live in rural areas, much of which is untouched by modern communications. 27% of homes do not have electricity.

The International Telecommunications Union (ITU) estimates that in 2005 - the latest year for which complete figures are available - there were around 60 million internet users in India, about 5% of the population. Only a fraction of these have internet access in their home.

In addition, less than 10% of people have a phone subscription, mobile or otherwise and nearly one fifth of villages do not even have a single public telephone.

But efforts to span the digital divide are gathering pace. Once the territory of grass roots movements and non-governmental organisations, big business is now throwing its considerable muscle behind initiatives to connect India.

Microsoft, for example, revealed plans to set up a network of 50,000 internet kiosks across India over the next three years.

The Saksham project will use existing phone lines or use VSAT satellite link-ups and will be run by local entrepreneurs.

VSAT is a commercial service typically used to provide internet access to remote locations. It can be expensive but offers speeds up to 2 megabits per second (Mbps).

The project builds on other initiatives by groups such as n-logue who have run pilot kiosk projects for over five years.

Final mile

Other big players are also looking at rolling out bandwidth to rural areas. Chip-maker Intel and network firm Nortel have been running Wimax trails in several sites across India.

Wimax (Worldwide Interoperability for Microwave Access) is a technology designed to give people high speed access to the net over relatively long distances.

A typical Wimax system could theoretically give users in an area three to 10 kilometres wide a 40 Mbps connection to the net.

This technology, already deployed in some urban centres like Chennai (Madras) and Mumbai (Bombay), would overcome the need to lay expensive cables or fibre optics to villages.

"Rolling out copper to rural villages is close to impossible," said Lil Mohan, head of Wimax technologies for emerging markets at Intel.

At the moment there is a wired backbone throughout India but many villages are 30 to 40km away from the nearest connection.

"Wimax services can overcome that. One or two Wimax base stations are enough to connect three or four villages," said Mr Mohan.

The government telecoms operator BSNL is also in the process of rolling out some Wimax services.

But it is still expensive and at the moment is aimed squarely at large businesses that need a quick-fix solution to broadband access.

Mobile hope

The technology may be trumped by the burgeoning mobile market in India. Between 2000 and 2005 mobile phone subscribers grew about 3.5 million people to 90 million, according to the ITU.

It is estimated that there are now more than 130 million users and there could be 200 million by the end of 2007.

Four million handsets are sold every month and India is now the third largest mobile population in the world. Although most phones are primarily used for voice calls, data services are on the increase.

WAP (wireless application protocol), a standard protocol that allows basic internet access is on the increase across the continent and more advanced technologies are also snapping at its heels.

"3G technology is starting to be put in place," said Mr R N Palai of BSNL. "Everywhere there is a waiting list."

Combined with some of the lowest call charges anywhere in the world, mobile technologies are looked on as a great hope for India.

"In my lifetime, the growth of telephony is among the big success stories," said Frederick Noronha of IT advocacy group Bytes For All.

And innovative schemes are putting mobiles within reach of everyone. For example, Indian firm Bharti Telesoft has launched a prepay scheme called PreTUPS, that allows low income mobile users to buy credits in increments of one taka, less than one pence.

The scheme is currently only operating in Bangladesh but could offer a low cost solution to provide bandwidth for all within India.

Future vision

But people like Professor Balaji Parthasarathy, from the International Institute of Information Technology (IIITB), Bangalore, believes providing bandwidth is only one half of the story.

"Once you have the bandwidth, 'what are you going to do with it?'," he asked.

"If you don't have meaningful content, 'why provide the bandwidth at all?'."

For text-based services, this problem is compounded in India by high illiteracy rates and the multitude of different languages.

But both governments and business see the provision of bandwidth as something that allows more than just access to the web.

Both have trialled distance learning, remote diagnosis of disease and e-governance. Several projects also provide real time crop prices to farmers.

But history has shown many of these are difficult to scale-up or fund in the long term, said Professor Parthasarathy.

So, what does he think of the President's ambition to provide broadband for all?

"A vision is a vision. As an Indian I hope that it comes true, but as an academic I remain sceptical," he said.