1.3b Brains Not Globalized BUT 100% FDI in Most Sectors
Banks Support Commodity Trades But Not IPR Project Invest
October31, 2017 (C) Ravinder Singh progressindia2015@gmail.com
Out of $600b invested by India Companies in Foreign Countries and$1000b Foreign Investment in India there is very little role of 99.99% or1.3b Indians.
As given in RBI recent study of Rs.38,75,000 Cr Of Investments and Credits to Indian Companies contribute just Rs.2,17,600 Cr of Imports & Exports. Foreign Companies on the other hand contributes Rs.10,10,700 Cr of Imports & Exports – FIVE TIMES MORE CONTRIBUTION.
India has Totally Neglected MSMEs and R&D – both PROTEIN and VITAMINS of Indian Economy. Invest in MSMEs is Negative as Percentage of GDP and R&D is at ZERO Level –
Why can’t India have INVEST OVERSEAS PROGRAM FOR INDIAN BRAINS supported by BANKS to Acquire FOREIGN R&D, TECH AND MANUFACTURING COMPANIES and LEVERAGE advantages of locating in Foreign Countries and their Institutions Supporting INVENTIONS & MANUFACTURING?
China INCUBATED BRAINS in USA, EU, JAPAN – who then Led Manufacturing Growth on return with ADVANCED SKILLS, India supported DEAD BRAINS like Tata or Ambani who acquired OIL & GAS blocks, Power, Telecom in 2002 all flopped. Tata has over 25 may be 50 Foreign Collaboration in Automotive sector alone.
Why Can’t India have ‘PROPERTY EXCHANGE PROGRAM’ Indian Professionals sell their Assets in India to Company or Individual in Foreign Country where he intends to MIGRATE? There is no financial burden in this but Rewarding to both partners.
When professionals in Developed Countries – USA, EU in particular can freely invest in foreign countries and relocate to places where they can best utilize their skills – 99.99% Indians are RESTRICTED and Not Supported by Indian Banks.
Banks Support TRADE and traders do manage to INVEST THROUGH TRANSACTION MANAGEMENT or HAWALA – but Inventors & Professionals are not supported and there is no INVEST ABROAD POLICYfor Inventors & Investments even as Investment in Developed country by Indians is more secure than Investing in India.
i.e. There is no Such Thing as NPA in USA – a Company or an Individual DEFAULTING in ‘Bank Dues Invite Swift Action’ – Banks recover dues Plus Damages.
1.3b Indian BRAINS are not Globalized.
Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS
Y-77, Hauz Khas, ND -110016, India. Ph: 091- 8826415770 [4G], 9871056471, 9718280435,
Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,
Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects
Census on Foreign Liabilities & Assets of Indian Direct Investment Companies 2015-16
In the 2015-16 round of FLA census, out of the 18,549 reporting companies, 17,008 companies had FDI/ODI in their balance sheet in March 2016. Of these, 649 companies had bi-directional direct investment, 14,383 companies received only FDI and 1,976 had only ODI. Of the 15,032 companies that reported inward direct investment, 10,794 companies were subsidiaries of foreign companies (i.e., single foreign investor holding is more than 50% of total equity), which also report information on their sales, purchase, exports and imports, for use in the compilation of Foreign Affiliates Trade Statistics (FATS) for India. Out of 2,625 ODI reporting Indian companies, 2,093 companies had 3,320 overseas subsidiaries. As some companies may still report, the results presented here are provisional.
INDIAN COMPANIES
Inward/Outward Direct Investment: Equity participation had a much larger share (93.4 per cent) than debt in total inward FDI, which stood atRs.20,140.0 billion at market value in March 2016 (Rs.19,813.4 billion a year ago). Total ODI was placed at Rs.5,790.2 billion at market value (Rs.5,637.0 billion a year ago).
Other Investment: Other investment liabilities, which include trade credit, loans, currency & deposits and other payable with unrelated (third party) nonresident entity, stood at Rs.12,640.8 billion in March 2016 (Rs.12,333.1 billion a year ago).
Sales/Purchases of Overseas Subsidiaries of Indian Companies: Total sales, including exports, of overseas subsidiaries increased by 22.5 per cent to Rs.3,301.1 billion in 2015-16. The total value of their purchase, including imports, increased by 44.7 per cent to Rs.3,150.7 billion in 2015-16.
Exports/Imports of Overseas Subsidiaries of Indian Companies: Total exports of overseas subsidiaries increased by 0.5 per cent to Rs.988.2 billion in 2015-16 whereas their total imports increased by 10.5 per cent toRs.1,188.3 billion in 2015-16.
FOREIGN SUBSIDIARY COMPANIES
Sales/Purchases of Foreign Subsidiary Companies in India: Total sales, including exports, of foreign subsidiaries increased by 6.2 per cent toRs.17,078.2 billion in 2015-16 whereas their purchase, including imports, increased by 5.5 per cent to Rs.10,812.2 billion.
Exports/Imports of Foreign Subsidiary Companies in India: Total exports of foreign subsidiaries companies increased by 0.9 per cent toRs.5,493.6 billion in 2015-16. Exports constituted 32.2 per cent share in their total sales. The ‘Information and communication services’ sector had the highest share of 21.4 per cent in sales, of which, 70.6 per cent was through exports. Total imports of subsidiary companies increased by 0.2 per cent to Rs.4,614.2 billion in 2015-16. Imports accounted for 42.7 per cent of total purchase of these companies
Truck terrorist attack in Manhattan
On the pretext of the today vehicular terrorist attack in Manhattan that killed eight and injured at least 12 others on Tuesday, Trump has taken to Twitter to announce stricter restraints on granting entry to the US.
Truck terrorist attack, in which at least 8 people have been reported killed and at least 11 injured in a vehicle attack near the World Trade Center memorial in lower Manhattan, New York City. Police have the driver in custody and are investigating the attack as terrorism. Media reports the suspect yelled, “Allah akbar,” Arabic for “God is great,” before being taken into custody. The terrorist suspect’s identity has yet to be confirmed by police, but widespread reports citing law enforcement sources claim the suspect is 29-year-old Sayfullo Saipov, an Uzbek native who gained legal status in the US in 2010.Saipov allegedly came to the US under the Diversity Visa Program, which provides visas to people from countries with historically low rates of immigration to the United States, according to ABC News.
Trump’s “extreme vetting” of refugees and immigrants from select countries has been challenged multiple times in federal court, and the US Supreme Court has before it his travel ban policy against several Muslim-majority countries and Chad, North Korea and Venezuela.
Uzbekistan is not among the countries on Trump’s travel ban.
Police said that a vehicle entered the bike path “a few blocks north of Chambers Street” where it “struck multiple people.” They added there there are “several” fatalities and “numerous”people injured.
Six people were reported dead on the scene, and two others were pronounced dead at the hospital, another 11 were transported to the hospital with “serious, but not life threatening” injuries, NYPD Commissioner James O’Neil told reporters.
O’Neil said that the suspect was a 29-year-old male. He said that the man had a paintball gun and a pellet gun, pointing them at people.
The suspect was hospitalized after being shot in the stomach by police. The suspect had exited his vehicle after striking a school bus, with two adults and two children inside. The suspect left the vehicle “displaying imitation firearms” and was shot by police officers before being taken into custody.
After colliding with the school bus the man exited holding two firearms. An officer assigned to the area fired, striking him in the stomach.