Maoists in India targeting western companies and outsourcing sector as India's FII inflow crosses $10 billion in 2007
Overseas Correspondent
Jul. 24, 2007

While international companies are all bullish on India a dark side is getting ready to take it on them. The Naxalites, or Maoists, of India are rising very fast ands plan to bring the foreigners and outsourcers to their knees.

Foreign institutional investors'' unabated appetite for Indian markets has taken their net inflow into the country to over 10 billion dollars so far this year, with an investment of 5.75 billion dollars in July, the highest ever recorded in a month.

The FIIs have made a net purchase worth about 10.5 billion dollars in equity and debt markets since the beginning of 2007, dwarfing the total net investment of 8.87 billion dollars in the entire 2006. This is represented by the data available with market regulator SEBI.

The net FII inflow in the equity markets totals 9.9 billion dollars this year, while that in the debt markets stands at 681 million dollars.

At the same time the Maoists are threatening to take it on Hyderabad, Bangalore especially on the Western companies, and Indian companies that are primarily involved in serving the west's appetite for outsourcing.

India has tried a great deal to bring these Maoists into the main stream. The security forces are fighting hard against these terror elements that hide in the jungle and strike like guerrillas.

But these Maoists have sympathy from the villagers that see Indian Government of Sonia Gandhi as agents of Indian and Western oligarchs.

Maoists are the worst elements of the society. They are similar to Al-Queda. They feed on the weakness and languish of a specific sector of the society.

The problem is that India's FII inflow crossed $10 billion in 2007 but hardly any dot into the rural sector of India that is really the 95% of real India.

People in the countryside are upset with the Government and the western nations that bring in dollars and euros. The educated elite of India and rich of the western nations are gaining. The despair among common Indians is rising exponentially. That is what these terror elements want.

Hyderabad police have launched a hunt for the abductors of Satyam Computer Services’ General Manager, Vedula Satyanarayana, who was allegedly kidnapped in front of an elite public school, located in a busy road in Secunderabad on Tuesday morning.

"We received a complaint from Satyanarayana’s wife Kiranmayi between 9.45 and 10 am that her husband has been kidnapped," Gopalpuram Division Assistant Commissioner of Police YV Ramana said.

Police said that Satyanarayana (40) went to drop his two children at their school (Geetanjali Public School) at Secunderabad. He crossed the road with his children while his car was parked on the other side of the road. His driver was also waiting for him in the car.

Telecom bubble in India - Indian telecom companies are investing over Rs 60,000 crore in 2007-08 to finance a massive expansion of their mobile networks
Sriti Sadhu
The money being invested in just 12 months is equivalent to 60 percent of the cumulative investments in their wireless mobile business since the sector was opened up for private investment in 1995.
READ MORE>>

India's InfoTech capital, Bangalore, too will provide seamless wireless connectivity
Media Release
Close on the heels of Pune and Baramati (a small city in Maharashtra), India's infotech capital, Bangalore, too will provide seamless wireless connectivity as a part of its Rs 800 crore 'nwire Bangalore roject.
READ MORE>>

MORE ARTICLES >>