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SECTOR UPDATES July 2011 SECTOR UPDATES July 2011 Contents … (1/2) Auto and auto components Aviation Banking Biotechnology Infrastructure Media and Entertainment FMCG Healthcare IT & ITeS Power Pharmaceuticals 2 SECTOR UPDATES July 2011 Contents … (2/2) Real estate Retail Steel Telecom Tourism & Hospitality 3 AUTO AND AUTO COMPONENTS Sector Updates July 2011 Auto and auto components … (1/2) • Czech auto major Skoda is set to launch five products in the country over the next two years to increase its presence in India. Apart from launching a refurbished Laura, it will launch, by the end of this year, a premium mid-sized sedan, Rapid. Also on the anvil are plans to launch smaller versions of its sports utility vehicle (SUV) Yeti, in both petrol and diesel variants, and a small car tagged between Rs 3 lakh and Rs 5 lakh. With these launches, the company, which currently covers 30 per cent of the passenger vehicles market in the country, is looking to gain between 4 and 6 per cent share over the next few years, according to the company. • The demand for two-wheelers from the stable of six of the eight domestic motorcycle manufacturers rose 16 per cent in June to over 880,000 units, compared to 761,000 units in June 2010. Analysts attributed the increase in demand to a hike in petrol prices, which made two-wheelers more cost- effective. Hero Honda, the country's biggest two-wheeler maker, recorded total sales of 512,224 units to dealers in June — up 20 per cent from 426,454 units in the year-ago period. • With the aim of consolidating India‘s position as an important destination for low-cost automotive production, the Government plans to set up two automotive manufacturing hubs spread over 10,000 acres each, in central and eastern India. The new hubs will be in addition to the three existing zones - Haryana, Maharashtra and Tamil Nadu. India's automotive industry, estimated to have a turnover of $73 billion at present, accounts for 6 per cent of its GDP. 4 AUTO AND AUTO COMPONENTS Sector Updates July 2011 Auto and auto components … (2/2) • Motherson Sumi Systems (MSSL), the flagship company of the Samvardhana Motherson Group, has acquired an 80 per cent stake in Peguform Group, makers of car bumpers and dashboards. Headquartered in Germany, Peguform is the second largest supplier of door panels in its home market. • To be able to meet the demand for its vehicles in the African market, Tata Motors has opened a new plant in South Africa for the assembly of commercial vehicles. The plant is located in the Gauteng province of South Africa 5 AVIATION Sector Updates July 2011 Aviation • Air India will take delivery of its first Boeing 787 Dreamliner aircraft by end 2011, the President, Boeing India, Dr Dinesh Keskar, has announced. Boeing expects that India will require 1,320 new aircraft valued at $150 billion over the next 20 years. • GMR Infrastructure's airport arm - GMR Airport Holdings - has raised Rs 5,84.60 crore ($131 million) via an issue of compulsorily convertible preference shares. Private equity players such as Standard Chartered Private Equity ( Mauritius) III, JM Financial Old Lane India Corporate Opportunities Fund I, JM Financial Trustee Company Private, JM Financial Products Limited and Build India Capital Advisors have subscribed to the preference shares. The money is expected to help the company fund its airport ventures. • Jet Airways is considering merging JetLite and Konnect into a single low-cost brand. Eventually, the airline will have a single brand in full service and low-cost category, according to the company‘s plans. 6 BANKING Sector Updates July 2011 Banking … (1/2) • The State Bank of India opened 21 new branches in the country in July. According to the bank‘s chief general manager, 13 are in semi urban and rural areas, emphasizing the bank‘s reach across metros to small villages. SBI also opened its 700th customer service point in unbanked villages under the financial inclusion plan of the government. The bank already has 1,600 branches in UP and hundreds of villages have been covered through business correspondents and facilitators. • The government has proposed to bring all micro finance institutions (MFIs) under the ambit of the Reserve Bank of India (RBI). The central bank will have the powers to formulate policies for the sector and regulate it, the Finance Ministry said in the draft of The Micro Finance Institutions (Development and Regulation) Bill, released recently. • DBS Bank, Singapore's largest lender, will look to enlarge operations in India, already its third biggest market globally, even as it hopes for new regulations to allow it to expand in this country, possibly through the subsidiary route. It will focus on retail banking and small & medium businesses, beside supporting investments in the infrastructure sector, to support growth of between 30 to 50 per cent this year, said its India CEO and general manager, Sanjiv Bhasin. • Meanwhile, Corporation Bank plans to increase its overseas presence and is also looking at a merchant banking licence through its subsidiary. The bank is exploring the possibility of opening branches in Singapore, Malaysia and South African countries such as Kenya, Zambia and Botswana. The bank has overseas presence through representative offices in Dubai and Hong Kong. 7 BANKING Sector Updates July 2011 Banking … (2/2) • SEBI has said limited liability partnership (LLP — a concept which came into being in India only in 2008) firms should be considered as a body corporate and are eligible to become members of stock exchanges. According to SEBI, LLP were akin to limited liability companies (LLC) and partnership firms, and with the parliament putting a legal framework for such entities in place, stock exchanges may consider granting them membership. • The RBI has said that for each branch proposed to be opened in Tier 3 to Tier 6 centres of under- banked districts of under-banked States, a bank will get authorisation to open a branch in a Tier 1 or Tier 2 centre. This incentive to banks comes as there is a continuing need for opening more branches in these States for ensuring more uniform spatial distribution. The RBI has also stipulated that banks now have to open at least 25 per cent of the branches under the annual branch expansion plan in un-banked rural centres. 8 BIOTECHNOLOGY Sector Updates July 2011 Biotechnology • Biotechnology firm Life Technologies has invested around $3 million to open a distribution hub in Bengaluru, which they expect would propel their business in India by 40 per cent this year. The center will distribute products across the country cutting the time taken for delivery from 45 days to two days, according to Devashish Ohri, managing director, Life Technologies South Asia. This will also increase the cost efficiency for the company. • The government‘s Department of Biotechnology (DBT) and Piramal Life Sciences (PLS) have renewed their joint drug discovery research project for another three years. The public-private partnership, initiated in February 2008, was aimed at screening thousands of bio- molecules extracted from the country‘s microbial diversity spread across varied geographies for medicinal properties. 9 INFRASTRUCTURE Sector Updates July 2011 Infrastructure … (1/2) • The Public Private Partnership Approval Committee (PPPAC), chaired by Economic Affairs Secretary R Gopalan, had granted approval to six proposals of the Ministry of Road Transport and Highways spread across five states. The projects approved include six laning of Kishangarh Udaipur Ahmedabad section of NH 79A, NH 79, NH 76 and NH 8 in Rajasthan and Gujarat worth Rs 5,387.30 crore. Also four laning of Lucknow-Sultanpur section of NH 56 in Uttar Pradesh worth Rs 1,013 crore and four laning of Angul-Sambalpur section of NH 42 in Orissa for Rs 1,220.32 crore. The other projects are two/four laning of Birmitrapur to Barkote section in Orissa (Rs 778.15 crore), four laning with paved shoulder of Bhopal to Biaora section in Madhya Pradesh (Rs 704.26 crore) and four laning of Rewa to MP/UP Border of NH 7 (Rs 670.82 crore). • Indonesia has sought investment from Indian companies in areas such as infrastructure, road, national resources and food. • Indian Railways registered an increase of 12.15 percent in its earnings for the first quarter of the current fiscal from Rs 24756.18 crore compared to Rs. 22074.92 crore during the same period last year. It registered a jump of 12.61 percent in the total goods earnings which have gone up from Rs. 14928.80 crore last year to Rs. 16811.76 crore during April-June in the current financial year. 10 INFRASTRUCTURE Sector Updates July 2011 Infrastructure … (2/2) The total passenger revenue earnings during first three months of the financial year 2011-12 were Rs. 6841.16 crore compared to Rs. 6190.10 crore during the same period last year, registering an increase of 10.52 per cent. The revenue earnings from other coaching amounted to Rs. 694.63 crore during April-June 2011 compared to Rs. 626.03 crore during the same period last year, an increase of 10.96 per cent. 11 MEDIA AND ENTERTAINMENT Sector Updates July 2011 Media and Entertainment • According to a PwC report, The ‗Indian Entertainment and Media Outlook', the Indian media and entertainment sector will grow to Rs 1.2 lakh crore by 2015. PwC estimates that the sector, comprising television, film, print, radio, internet advertising, OOH, animation (including gaming and visual effects) and music industries, earned Rs 64,600 crore in revenue in 2010. • Reliance ADA Group-promoted social networking and blogging site BigAdda is planning to close its social networking business.
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