document.writeln("

Sri Lanka PM Rajapakse to try for greater integration with Indian economy
Colombo: Economic ties between Sri Lanka and India received a major fillip on Thursday with Sri lanka's prime minister Mahinda Rajapakse saying that it would be his government's endeavour to integrate the economies of Sri Lanka and India by encouraging more Indian businesses to make a foray into the island-nation.

Declaring the "Made in India Show" open, Rajpakse said "For economic partnership to revel, there should be balance of trade between India and Sri Lanka, for which Sri Lanka has to export more" the Prime Minister said, adding that "India is an excellent economic model for Sri Lanka to follow."

Prominent companies participating at the 'Made in India Show' include; Anand Group, Ashok Leyland Ltd, Bosch Rexroth (India) Ltd, Brown and Company Ltd, Escorts Ltd, Essar Steel, Gabriel (India) Ltd, Gati Ltd, Hero Exports, Hero Honda Motors, Hindalco Industries, Kinetic Engineering, Kirloskar Copeland, Kirloskar Oil Engines, Lumax Industries, Mahindra and Mahindra Ltd, NRB Bearings, Petroleum Conservation Research Association, Shriram Pistons, State Bank of India, Tata Motors, The Tinplate Co of India, Thermax Ltd, TVS Auto Parts, Usha International, Yuken India among others.

The education pavilion includes: ALT Training College Foundation, Amity University, Ansal Institute of Technology, ICFAI University, International School of Media and Entertainment Studies, World of Manipal, Western International University, Padmashree Group of Institutions among others.

Enterprise India, 2005 is represented by: Hero Cycles Ltd, Multitech Industries, Shiv Pearls, Elegant India, APG Exports, AFM Exports, among others.
Back to News Review index page  

IT sector backs off boycott plan of Bangalore IT fair
Bangalore: The IT industry has called off the boycott of Asia's premier technology showcasing event BangaloreIT.in 2005, beginning on October 26, after detailed discussions with the Karnataka Government on Thursday.

During the discussions, the Chief Minister, N. Dharam Singh, assured a team of concerned businessmen led by Infosys chairman N.R. Narayana Murthy, that infrastructure concerns in Bangalore would be addressed on a priority basis.

He announced that a six-member committee with representation from both industry and the Government would be set up to monitor the progress on various infrastructure projects.

"We have resolved the issues and are satisfied with the initiatives of the Government. There is no question of IT industry boycotting the IT show as it is meant for the industry's growth in the State," Murthy told a press conference after the meeting.

The Chief Minister also agreed to ban trucks during certain hours to reduce traffic congestion in Bangalore, and to accelerate work on various projects, including some 10 major arterial roads and 15 flyovers.

It may be recalled that the Bangalore Forum for Information Technology (BFIT) and the Bangalore Chamber of Industry and Commerce (BCIC) had given the boycott call, in protest against the Government's apathy over the infrastructural problems being faced by the city.

Heads of leading IT firms, besides, representatives of BCIC and the Federation of Karnataka Chambers of Commerce and Industry attended the meeting.

The IT industry in Karnataka has ruled out reservation for Kannadigas in jobs, while assuring that the talent in the State would be scouted and given opportunity. Narayana Murthy said 97.5 per cent of the revenue for his company came from the first world countries such as the US, Germany and Japan, and ``they do not care what your problems are."
Back to News Review index page