BRIC’s Are the Next Global Powers

According to Goldman sachs, The Bric Countries have already become a superpower

As per the study, at the end of the first Gulf War in 1991, out of the 20 largest companies in the energy sector, 55% were American and 45% were European. In 2007, 35% of them are from BRICs countries, 35% are European and only 30% are American.

The U.S. is now lagging with the smallest percentage number of energy companies worldwide. If you think about the global resource industry typically being a leader in terms of global trends, we’re starting to see this replicated in the mining industry where 20 percent of the top 20 companies are now from BRICs countries. We believe this sort of pattern will be repeated industry by industry.

The BRICs are now expected to venture into the food and pharmaceutical industries.

Nissan-Renault CEO looking at $3000 car in chennai

BusinessLine reports as follows:

Mr. Ghosn, CEO of Nissan-Renault tells " We are investigating,at alliance level, how can we can make a $3000 car. We will be part of this competition".

Nissan-Renault is opening a factory in oragadam, west chennai, with the Government handing over the first parcel of about 1,100 acres of land to the officials.

Also, another news item in Business Line related to low cost car :

Bosch's marquee products like common rail direct injection systems (CDRi) and anti-lock braking system (ABS) would find their into new low cost passenger car models.


It is surprising that the TN government is not having any issues in acquiring such large plots of land while West Bengal Government keeps stumbling.

More Trouble in Little Singur

Mamata has rejected the renewed package offered by the West Bengal government. Is she just playing dirty politics to garner the voteshare from the Communists?

Companies would slowly walkout of West Bengal and it would be loss not only for West Bengal for entire Eastern India.