Inside

Editorial Foundation for success New Business Retirement Planning LIC Plans two products Points to remember Central Office Circulars Marketing /Sales Seminars and Meetings Computer maintenance Policy Servicing Accident /Disability Benefit Legal Aspects Settlement Records Insure at your own risk Licence Lapse Ombudsman God proposes, ombudsman disposes IRDA Corp Agents under IRDA Clause IRDA Tightens Norms for agent SC Asks Insurance Companies APFinSA History Matters you should know Extract of circulars Proud to be indian 'Great Rider (Misleading) Myth Miscellaneous Tax implication Surcharge of Income Tax Mutual Fund Understanding Mutual Funds Appreciation

PROUD TO BE INDIAN

The information below about India given in Pakistan magazine “The News International” by “Mr. Masood Khan” on December 14, 2004.

1. World’s 5 largest car companies are procuring their spare parts from India. In 2002. the export was Rs. 1700 crores and it quadrupled in 2003 to Rs. 7000 crores. In the next 5 years this will cross Rs. 70.000 crores.
2. India’s HERO HONDA is the world largest Motorcycle riianufacturing company. It manufactures 1 7 lacks motorcycles per year.
3. England’s popular Rover car company is going to manufacture TATA INDICA, the Indian technology car at the rate of 1 lack car per year.
4. “BHARAT FORGE” had emerged as the largest forging company in the world and supplies its products to world popular companies like Volvo. Toyota. Honda etc.
5. “ASIAN PAINTS” an Indian paint company has its Manufacturing plants in 22 Countries across 5 continents and is the market leader in 11 Countries
6. “HINDUSTAN INKS” an Indian ink manufacturing company is producing world largest 1 lack ton Ink per annum with its manufacturing branches at Europe a America.
7. “Escelfbopack” an Indian Company has manufacturing plants in 11 Countries and World’s 25%, Pastes and medicines are packed in their product.
8. Many Indian Industries keeps getting world popular awards.
9. The Popular Austin car company have given order to an Indian company for new designs.
10. Multinational car companies like Susuki, Hundai & Ford have started exporting their cars from India and by 2010. They will export around 5 lacks car from India.
11. Indian Medicine sector manufactures products worth Rs. 30,000 crores per year out of which Rs. 10,000 crores are exported.
12. Due to better performance of Indian Industrial sector their share in Indian market has raised from 25 to 65% where as the multinationals share reduced from 75 to 35%.
13. Indian Herbal business grown to Rs.4.000 crore per annum.
14. India contributes 20% of world’s textile manufacturing.
15. India is proudly established its own Super Computer where as the other Super computer established countries are only America a Japan.
16. India is one among the 6 countries, which can build and launch Satellites. Even technologically advanced countries like Germany a Belgium yet to do that.
17. Due to Insat organization, India had become the very big National Satellite Network Country in the world.
18. 9 out of 10 Diamonds in the world are cut a polished in India being the No. 1 Diamond works country in world.
19. India a China’s business has grown to 104% with in a year.
20. India’s foreign reserve had raised from 82 billion US$ to 118 billion US$
21. India had returned back the IMF loan before the due date and started funding other countries.
22. Indian software is perfect but just 1/10th of the world prize.
23. India provides software to 7 out of 10 largest CD ROM manufactures in the world.
24. India spends only Rs. 70.000 for producing a MBA whereas in America the expense is Rs. 54 Lacs.
25. The Eye Cataract operation in India costs only I9s. 600 where as in America Rs. 7000.
26. A Heart surgery in India costs only Rs. 40000 where as in America it is Rs. 6 lacs.
27. The R a D expense to make a car in America is Rs. 4,500 crores whereas in India in half of its expense the R a D is done with same perfection.
28. More than 70 multinational companies have established their R a D centres in India.
29. Indian telephone & Internet network expanding by crore in numbers.
30. 100 out of Fortune 500 companies have come to India to do business while only 33 have gone to China.
31. So. India is making jumping progress in the World’s market, which is ranging form Brazil to China.
    
    
    According to Mr. Masood Khan “these developments have not come to India in a day or by luck. In India also same situations of Pakistan exists like Dirty politics, corruption. arrogant officials, poor infrastructure etc. But still India keeps growing every day and nobody can deny the fact. This happens because the Indian people are not just seeing the dirty problems around them but they also see the confidence star on the sky, the growth opportunity and working for it with self motivation having a target for progress”.
    
    
    The News International
    Business line