INDIA'S TELECOMMUNICATIONS INDUSTRY LOOKS INVITING TO MULTINATIONAL FIRMS
INDIA -- India's telecommunications industry is undergoing transformation including
privatization and modernization, booming demand that exceeds supply and experts are
projecting tremendous growth. In fact, India is positioned as one of the biggest
telecommunications opportunities in the world. India's economic growth is 7% a year,
and the government is implementing ongoing liberalization and privatization policies
that make the telecommunications industry even more attractive to foreign investors.
While India was one of the first countries in the world to
establish a telephone system in the late 1800s, it now has one of the world's lowest rates
of telephone penetration -- only 1 line per hundred
inhabitants (vs. 11 lines per 100, which is the world's average). India expects to have
24 million lines in service by the Year 2000.
More information about trends in India.
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ECONOMIC REFORM ENHANCES TRADE INCENTIVES IN INDONESIA
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ENERGY REQUIREMENTS INCREASE IN TURKEY
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JAKARTA, Indonesia -- In an effort to promote foreign trade, Indonesia announced
its latest economic deregulation policies which cut tariffs on 1,600
items early this month. These measures are intended to reduce barriers, simplify
trade procedures and provide incentives for export-oriented companies. Last
year, Indonesia cut import tariffs on 1,497 items. These reforms make
Indonesia one of the most liberal trade regimes in the region; but Indonesia has
a long road ahead of them and much of the changes needed are structural -- changes
that will increase productivity and make Indonesian products competitive. Indonesia's
year-on-year export growth slowed to 3.1% in April, compared with 18% in the 1996 period.
Reader's Comments
(Source: YOUR LINK HERE)
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TURKEY -- Demand for electricity in Turkey continues to increase, with
forecasted growth of 20% annually until the year 2010. Domestic use has increased by 67%
since 1990, but new facilities/supplies lag behind demand and the government cannot afford
to invest in building needed new power stations. In response to the country's growing
requirements, the cabinet ordered that three thermal power stations be re-opened.
Moreover, foreign companies are also investing in Turkey's energy industry. In fact,
Mitsubishi Heavy Industries Ltd. bid for Turkey's 1,400 MegaWatt coal-fired power
plant, with a US$1.5 billion offer. And Turkey and Ukraine signed an agreement to
transport oil between their two countries in the Samsun-Ceyhan oil pipeline agreement.
(Source: YOUR LINK HERE)
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GLAXO WELLCOME INVESTS FURTHER IN SOUTH AMERICA
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CHRYSLER GRAND CHEROKEES EN ROUTE TO BRAZIL
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BRAZIL -- Glaxo Wellcome continues its plans for success in the Brazilian
market, with plans to make investments of US$405mil to further develop its
business there during the next four years. Glaxo Wellcome sales in Brazil were US$125
mil in 1995 and $196 mil in 1996. Latin American sales, overall, are expected to reach
$600 mil this year, reflecting 20% growth over sales in 1996. The four-year investment
in Brazil will include building a new plant in Rio de Janeiro (about $150 mil) with
advertising and promotion expenditures around $60 mil this year alone. Production
capacity of the new plant will be approximately 100 mil unit of pharmaceuticals/drugs
per year.
(Source: YOUR LINK HERE)
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ARGENTINA -- One of America's most popular Sport Utility Vehicles (SUVs),
Chrysler's Grand Cherokee, will soon be seen on the streets of
Mercosur countries in the coming months, as a product
of Argentina. This month, Chrysler Argentina will begin exporting 1,900 of its
Grand Cherokee vehicles throughout the region -- to other Mercosur countries. It plans
to export nearly three-quarters of all vehicles to the region. This plant in Ferreyra,
Cordoba will begin assembling Cherokee Jeeps next year. Chrysler continues global
expansion of this popular SUV by strengthening its European dealer network in
hopes of doubling sales there within the next 5 - 7 years.
(Source: YOUR LINK HERE)
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KIMBERLY-CLARK FORMS JOINT VENTURE IN ARGENTINA
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SUNBEAM CORPORATION'S STRATEGIC GROWTH IS GLOBAL
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ARGENTINA -- A new company, KCK Tissue, was formed by a
joint venture between Kimberly-Clark Worldwide and Celucat S.A. to
manufacture and sell tissue products throughout Argentina. Celucat is a subsidiary
of Latin America's largest integrated forest products manufacturer.
(Source: YOUR LINK HERE)
[PANGAEA specializes in consumer
marketing insights and integrates the full spectrum of business
intelligence into thoughtful market launch strategies for its clients.]
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USA -- Sunbeam Corporation's strategy is to triple international sales to approx.
US$600 mil by 1999. It is well on its way to accomplishing this through 21
new international agreements signed by the company since Mr. Dunlap became Chairman
and CEO last July. Sunbeam is targeting three key markets: Latin/South America,
Asia and Europe. New distributorships are expected to account for 45% of their growth
goals.
(Source: YOUR LINK HERE)
NOTE: Reprints, downloads or copies of this issue are available for US$12.00 per copy,
payable on the honor system to PANGAEA.
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LAST MINUTE TRAVEL BARGAINS -- Special Discounted Fares
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