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The Path Towards IndiaThe Path Towards IndiaIndia’s Growing Presence in the Global StageIndia’s Growing Presence in the Global Stage
Vikram KocharVikram KocharUniversal Metals, IncUniversal Metals, Inc
New York and Washington DCNew York and Washington DC516 829 0896 / 703 598 7007516 829 0896 / 703 598 7007
[email protected]@universalmetals.uswww.universalmetals.uswww.universalmetals.us
Buyer and SellerBuyer and SellerStainless Steel Seconds and Usables Stainless Steel Seconds and Usables
Non Ferrous ScrapNon Ferrous Scrap
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Quote from Dwight EisenhowerQuote from Dwight Eisenhower
““We who are free -- and who prize our freedom above all We who are free -- and who prize our freedom above all other gifts of God and nature --must know each other other gifts of God and nature --must know each other better; trust each other more, support each other.”better; trust each other more, support each other.”
Dwight Eisenhower uttered hope in New Delhi in 1959Dwight Eisenhower uttered hope in New Delhi in 1959
Irksome….that only it is now that a stronger relationship Irksome….that only it is now that a stronger relationship is being forgedis being forged
USA - World’s most powerful democracyUSA - World’s most powerful democracy India - World’s most populous democracyIndia - World’s most populous democracy
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ContentsContents
IntroductionIntroduction India’s Current StateIndia’s Current State Necessary Growth of IndiaNecessary Growth of India Indian Policies for 2006 and BeyondIndian Policies for 2006 and Beyond US and IndiaUS and India ConclusionConclusion
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IntroductionIntroduction India is one of the fastest growing free economies of the world (7% India is one of the fastest growing free economies of the world (7%
to 8% growth rate)to 8% growth rate) Currently the 12th largest economyCurrently the 12th largest economy 3rd largest in Asia3rd largest in Asia
Likened their emergence to the emergence of America in the 20Likened their emergence to the emergence of America in the 20 thth century, with impacts potentially as dramaticcentury, with impacts potentially as dramatic Trade and Economic ImportanceTrade and Economic Importance Infrastructure DevelopmentInfrastructure Development Defense PoliciesDefense Policies
World has taken noticeWorld has taken notice Davos Conference (World Economic Forum)Davos Conference (World Economic Forum) Dignitary VisitsDignitary Visits
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Introduction (cont.)Introduction (cont.) Many Analysts from the west state that:Many Analysts from the west state that:
India is set to become the office of the worldIndia is set to become the office of the world Strategic partner to balance Asian powerStrategic partner to balance Asian power
Each Passing DayEach Passing Day Indian businesses opening in the USAIndian businesses opening in the USA American businesses opening up in IndiaAmerican businesses opening up in India
Many US Companies have a household name in IndiaMany US Companies have a household name in India McDonaldsMcDonalds Coca ColaCoca Cola MicrosoftMicrosoft
Many of the world’s business people are convinced It is on the brink Many of the world’s business people are convinced It is on the brink of replicating the astonishing burst of growth that transformed Chinaof replicating the astonishing burst of growth that transformed China Booming High-Tech Service SectorBooming High-Tech Service Sector Tens of Millions of Affluent ConsumersTens of Millions of Affluent Consumers
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Current StateCurrent State Population - 1.1 BillionPopulation - 1.1 Billion
US - 298 MillionUS - 298 Million World - 6.4 BillionWorld - 6.4 Billion It occupies 2.4% of world’s land mass, but supports more than 15% of It occupies 2.4% of world’s land mass, but supports more than 15% of
the world’s populationthe world’s population
2005 GDP - 3.678 Trillion2005 GDP - 3.678 Trillion 4th Biggest GDP in the world4th Biggest GDP in the world 50% Services / Transportation50% Services / Transportation 22.7% Agriculture22.7% Agriculture
Wheat, Rice, Grains, Oil, Seeds, Sugar, Jute, and CottonWheat, Rice, Grains, Oil, Seeds, Sugar, Jute, and Cotton 26.6% Manufacturing / Industry26.6% Manufacturing / Industry
Textiles, jutes, processed foods, steel, machinery, transport equipment, Textiles, jutes, processed foods, steel, machinery, transport equipment, cements, aluminum, fertilizers, mining, petroleum, computer softwarecements, aluminum, fertilizers, mining, petroleum, computer software
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Current StateCurrent State Various sectors of India’s economy have grown in 2005Various sectors of India’s economy have grown in 2005
Agriculture - 11%Agriculture - 11% Manufacturing - 9%Manufacturing - 9% Electricity - 8%Electricity - 8% Total GDP up 7%Total GDP up 7%
Booming economy has increased foreign / commercial presence in Booming economy has increased foreign / commercial presence in IndiaIndia BMW invested 23M in a new plantBMW invested 23M in a new plant Cisco has planned 1.1B investment over the next 3 yearsCisco has planned 1.1B investment over the next 3 years McDonald's, Coca Cola, Benetton, MTV are an established part of McDonald's, Coca Cola, Benetton, MTV are an established part of
culture in India’s youthculture in India’s youth Fidelity Investments have launched an Indian Focused FundFidelity Investments have launched an Indian Focused Fund
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Current StateCurrent State
Driving the super cycle along with ChinaDriving the super cycle along with China Refocus of Infrastructure and ManufacturingRefocus of Infrastructure and Manufacturing
India has passed the US as the second most preferred India has passed the US as the second most preferred spot to invest in (After China)spot to invest in (After China) $5.3B Invested in India$5.3B Invested in India
India’s growth is spurred by vast and growing number of India’s growth is spurred by vast and growing number of entrepreneurs who want to make moneyentrepreneurs who want to make money
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Current State - India’s RoadblocksCurrent State - India’s Roadblocks Crumbling InfrastructureCrumbling Infrastructure
PollutionPollution Needs help in energy and does not want to rely on dirty coalNeeds help in energy and does not want to rely on dirty coal
Heavily layered and complex government systemHeavily layered and complex government system Tremendous amount of bureaucracyTremendous amount of bureaucracy
Idea development have become a major source of political and Idea development have become a major source of political and bureaucratic corruptionbureaucratic corruption No process to strengthen an entrepreneurial ideaNo process to strengthen an entrepreneurial idea
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Current State - India’s RoadblocksCurrent State - India’s Roadblocks Basic CultureBasic Culture
India has 17 major languages, and 27,000 different dialectsIndia has 17 major languages, and 27,000 different dialects
Female Illiteracy Rate at 55%Female Illiteracy Rate at 55%
216 Million Undernourished216 Million Undernourished 25% of the world’s population25% of the world’s population 25% of the world lives below the poverty line25% of the world lives below the poverty line
1/3 of the population contributes to 80% of the wealth1/3 of the population contributes to 80% of the wealth
Overall Cultural ParadoxOverall Cultural Paradox India is a society that is open, eager, confident, and ready to take on the India is a society that is open, eager, confident, and ready to take on the
world. But its state, its ruling, conservative, class, is far more hesitant, world. But its state, its ruling, conservative, class, is far more hesitant, cautious, suspicious, of the changes around itcautious, suspicious, of the changes around it
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The Growth of IndiaThe Growth of India Coinciding with its current stateCoinciding with its current state
Set to leave third world statusSet to leave third world status Further elevate it as an economic power houseFurther elevate it as an economic power house
Growth is a necessityGrowth is a necessity If not, bring rise in unemployment due to its own growing populationIf not, bring rise in unemployment due to its own growing population Balances China’s Power in the RegionBalances China’s Power in the Region
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The Growth of IndiaThe Growth of India India’s government realizes that the way to growth is through:India’s government realizes that the way to growth is through:
Redevelop its InfrastructureRedevelop its Infrastructure Increase Manufacturing / IndustrializationIncrease Manufacturing / Industrialization Stronger role from Central GovernmentStronger role from Central Government Alleviate Tax policiesAlleviate Tax policies Increasing TradeIncreasing Trade
GlobalizationGlobalization CapitalismCapitalism
Strengthen its Relationship with the USStrengthen its Relationship with the US
It was essentially US road map to growth during its early stagesIt was essentially US road map to growth during its early stages
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India’s Path to GrowthIndia’s Path to Growth India realizes that a major driver for their future growth is the India realizes that a major driver for their future growth is the
modernization of their current infrastructuremodernization of their current infrastructure
Re-Developing their infrastructureRe-Developing their infrastructure India needs $150B of investment in ports, roads, power plants, etc.India needs $150B of investment in ports, roads, power plants, etc. Economic growth of 8% drives uses of metalsEconomic growth of 8% drives uses of metals I.e. - houses, cars, appliancesI.e. - houses, cars, appliances It is getting better as its being funded through public and private fundsIt is getting better as its being funded through public and private funds
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India’s Path to GrowthIndia’s Path to Growth Bharat Nimran ProgramBharat Nimran Program
Government Program with 15B dollar investment to strengthen Government Program with 15B dollar investment to strengthen infrastructureinfrastructure Roads, Electrification, Telecommunication lines, water, agriculture, bridges, Roads, Electrification, Telecommunication lines, water, agriculture, bridges,
seaports, airports, growth polesseaports, airports, growth poles
Major funding coming from PrivatizationMajor funding coming from Privatization 2 Major Airports are being Privatized2 Major Airports are being Privatized
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India’s Path to GrowthIndia’s Path to Growth Reintroducing the path to manufacturing / industrializationReintroducing the path to manufacturing / industrialization
Agricultural to Industrial to Service EconomyAgricultural to Industrial to Service Economy US is Example – At Service PhaseUS is Example – At Service Phase China is Example – At Industrial PhaseChina is Example – At Industrial Phase
Current output of major Indian mills and recycling facilities have Current output of major Indian mills and recycling facilities have increasedincreased
21B spent in developing steel plants by Mital and Posco21B spent in developing steel plants by Mital and Posco Steel consumption will rise to 160M tons from 35M tons (5-7 years)Steel consumption will rise to 160M tons from 35M tons (5-7 years)
Need more raw commodities to meet the increased demandNeed more raw commodities to meet the increased demand
Overall increase in manufacturingOverall increase in manufacturing Highly Engineered / Precisioned ItemsHighly Engineered / Precisioned Items Opportunities for investmentOpportunities for investment
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India’s Path to GrowthIndia’s Path to Growth Indian Government HelpingIndian Government Helping
Setup economic zones in which companies don’t pay taxes or duties on Setup economic zones in which companies don’t pay taxes or duties on imported goods needed for manufacturingimported goods needed for manufacturing
Completed 10 Billion Dollar National Highway project connecting the Completed 10 Billion Dollar National Highway project connecting the countries four major citiescountries four major cities
Investment Expenditures up 25% (1.1B)Investment Expenditures up 25% (1.1B) Easing Foreign Investment and Privatization PoliciesEasing Foreign Investment and Privatization Policies
Industries have benefited from eased policiesIndustries have benefited from eased policies Automobile, Software, Telecom, ElectronicsAutomobile, Software, Telecom, Electronics
Government to focus on following industriesGovernment to focus on following industries Mining, Trade, PensionsMining, Trade, Pensions
Government getting better every week as set of regulations have Government getting better every week as set of regulations have been eased or permissions have been eliminatedbeen eased or permissions have been eliminated
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India’s Tax Policies for 2006India’s Tax Policies for 2006 Lowering Import duties from 15% to 12.5%Lowering Import duties from 15% to 12.5%
Raw Metals and Manufacturing InputsRaw Metals and Manufacturing Inputs Alloy Steel and Primary and secondary non-ferrous metals reduced from Alloy Steel and Primary and secondary non-ferrous metals reduced from
10% to 7.5%10% to 7.5% Import on steel melting scrap and mineral products is at 5%Import on steel melting scrap and mineral products is at 5% Ore and Concentrates from 5% to 2%Ore and Concentrates from 5% to 2% Major Bulk Plastics from 10% to 5%Major Bulk Plastics from 10% to 5%
Custom Duties have been lowered from 10% to 7.5% on:Custom Duties have been lowered from 10% to 7.5% on: Refractories and Graphite electrodesRefractories and Graphite electrodes Raw Materials for refractories such as graphite powder, aluminous cement, Raw Materials for refractories such as graphite powder, aluminous cement,
boron carbide, reactive alumina, silicon metal, and micro fumed silicaboron carbide, reactive alumina, silicon metal, and micro fumed silica
Tax on small cars to decrease from 24% to 16%Tax on small cars to decrease from 24% to 16%
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India’s Global TradeIndia’s Global Trade
Infrastructure, Industrialization, Easing Tax Policies are primary Infrastructure, Industrialization, Easing Tax Policies are primary drivers for an increased global presence of Indiadrivers for an increased global presence of India
Reaching towards market oriented economic reformReaching towards market oriented economic reform Liberalized Foreign Investment and Exchange RegimesLiberalized Foreign Investment and Exchange Regimes Industrial DecentralizationIndustrial Decentralization Significant Reduction in Tariffs and other trade barriersSignificant Reduction in Tariffs and other trade barriers Reform and Modernization of the Financial SectorReform and Modernization of the Financial Sector Significant Adjustments in Government Monetary and Fiscal PoliciesSignificant Adjustments in Government Monetary and Fiscal Policies Safeguarding Intellectual Property RightsSafeguarding Intellectual Property Rights
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US and IndiaUS and India India’s and US growing relationshipIndia’s and US growing relationship
Strong relationship has already existedStrong relationship has already existed US is India’s Largest Trading PartnerUS is India’s Largest Trading Partner
Total Bilateral Trade is 21.66BTotal Bilateral Trade is 21.66B Exports to India is 6.1B (Up 22.4%)Exports to India is 6.1B (Up 22.4%) Imports from India is 15.56 B (Up 19.2%)Imports from India is 15.56 B (Up 19.2%)
Of all FDI Into India, US contributes one of the largest (11%)Of all FDI Into India, US contributes one of the largest (11%) $401M in 2004$401M in 2004 $11.3M in 1991$11.3M in 1991
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President Bush Visits IndiaPresident Bush Visits India Three year deadline set to double tradeThree year deadline set to double trade
Conducted Joint Commission SessionsConducted Joint Commission Sessions Science and TechnologyScience and Technology Cooperation in Cyber-SecurityCooperation in Cyber-Security Development of low cost drugs to fight AIDSDevelopment of low cost drugs to fight AIDS
How India can draw more investment from AmericaHow India can draw more investment from America INFRASTRUCTURE PROJECTSINFRASTRUCTURE PROJECTS Requires 150B infrastructure development to sustain growth rateRequires 150B infrastructure development to sustain growth rate
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New Patterns of GlobalizationNew Patterns of Globalization For growth and success to continueFor growth and success to continue
IndiaIndia Recognition of leaders that developing countries must open their Recognition of leaders that developing countries must open their
markets to imports and manufactured goods and servicesmarkets to imports and manufactured goods and services
At the Same TimeAt the Same Time USAUSA
Wealthy Countries Need to Reduce their Agricultural Tariffs and Wealthy Countries Need to Reduce their Agricultural Tariffs and SubsidiariesSubsidiaries
Both Governments need to seek:Both Governments need to seek: Liberalization of Investment RestrictionsLiberalization of Investment Restrictions Regulatory TransparencyRegulatory Transparency Reducing or Eliminating Tariff BarriersReducing or Eliminating Tariff Barriers
Lead to Increased Trade and InvestmentLead to Increased Trade and Investment
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US Interest in IndiaUS Interest in India India’s requirement for equipment and services will exceed tens of India’s requirement for equipment and services will exceed tens of
billions of dollars in the mid term as the economy globalizes and billions of dollars in the mid term as the economy globalizes and expandsexpands InfrastructureInfrastructure TransportationTransportation EnergyEnergy EnvironmentEnvironment Health CareHealth Care High TechHigh Tech DefenseDefense
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Indian Investment OpportunitiesIndian Investment Opportunities Best Prospects for Investment in IndiaBest Prospects for Investment in India
Telecom EquipmentTelecom Equipment Computers and PeripheralsComputers and Peripherals Electrical Power Generation, Transmission, Distribution EquipmentElectrical Power Generation, Transmission, Distribution Equipment Pollution Control EquipmentPollution Control Equipment Oil and Gas Field MachineryOil and Gas Field Machinery Mining Industry EquipmentMining Industry Equipment Medical EquipmentMedical Equipment Defense Industry EquipmentDefense Industry Equipment Textile MachineryTextile Machinery Machinery ToolsMachinery Tools Food ProcessingFood Processing Cold Storage EquipmentCold Storage Equipment Removable Energy EquipmentRemovable Energy Equipment
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Facts and Figures of IndiaFacts and Figures of IndiaTotal Total ExportsExports from India - from India - 76.3 B76.3 B
Total Imports to India - Total Imports to India - 99.8B99.8B
Agricultural ProductsAgricultural Products PetroleumPetroleum
Engineered GoodsEngineered Goods MachineryMachinery
Precious StonesPrecious Stones Electronic GoodsElectronic Goods
Cotton ApparelCotton Apparel Transport EquipmentTransport Equipment
FabricsFabrics Edible OilsEdible Oils
HandicraftsHandicrafts FertilizersFertilizers
Gems & JewelryGems & Jewelry ChemicalsChemicals
TeaTea Iron & SteelIron & Steel
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Facts and Figures of IndiaFacts and Figures of IndiaPrincipal US ExportsPrincipal US Exports Principal US ImportsPrincipal US Imports
Diagnostic or Lab ReagentsDiagnostic or Lab Reagents Textiles / Ready Made Textiles / Ready Made GarmentsGarments
Aircraft and PartsAircraft and Parts Internet Enabled ServicesInternet Enabled Services
Advanced MachineryAdvanced Machinery Agriculture Related ProductsAgriculture Related Products
CottonCotton Gems / JewelryGems / Jewelry
FertilizersFertilizers Leather ProductsLeather Products
Computer HardwareComputer Hardware ChemicalsChemicals
Ferrous Waste / Scrap MetalFerrous Waste / Scrap Metal Iron & SteelIron & Steel
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Indian AttractionsIndian Attractions Short Term AttractionShort Term Attraction
American Businesses to other Indian AttractionsAmerican Businesses to other Indian Attractions Economy growing more than 7% for the fourth straight yearEconomy growing more than 7% for the fourth straight year Fast Expanding Middle ClassFast Expanding Middle Class India’s main stock index was up by more than 50% last yearIndia’s main stock index was up by more than 50% last year
Tremendous Potential as population move towards urban areasTremendous Potential as population move towards urban areas India’s boom has yet to reach 2/3 of its populationIndia’s boom has yet to reach 2/3 of its population
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Indian AttractionsIndian Attractions Long Term AttractionLong Term Attraction
StabilityStability Proven mechanism for peaceful transfer of power in government and Proven mechanism for peaceful transfer of power in government and
corporationscorporations Ability to Withstand terrible internal conflicts without danger to its integrityAbility to Withstand terrible internal conflicts without danger to its integrity
DemocracyDemocracy
DemographicsDemographics China’s one child policy ensures that it will grow old before it gets richChina’s one child policy ensures that it will grow old before it gets rich India will remain younger and more dynamicIndia will remain younger and more dynamic
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Long Lost Brothers?Long Lost Brothers? According to the Pew global attitudes study, According to the Pew global attitudes study,
India is the most pro-America country in the worldIndia is the most pro-America country in the world 71% of Indians have a favorable impression of the US71% of Indians have a favorable impression of the US
Worried about outsourcing to India?Worried about outsourcing to India? Through all the outsourcing of goods and services over, American Through all the outsourcing of goods and services over, American
incomes have actually risen faster than those of other major industrial incomes have actually risen faster than those of other major industrial countriescountries
More than half the fortune 500 companies source some IT work to IndiaMore than half the fortune 500 companies source some IT work to India
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Long Lost Brothers?Long Lost Brothers?
Indian’s Understand AmericansIndian’s Understand Americans Noisy open society with a chaotic democratic governmentNoisy open society with a chaotic democratic government English speakingEnglish speaking Familiar world viewFamiliar world view Growing fascination with each other in bringing together businessmen, Growing fascination with each other in bringing together businessmen,
non-governmental activists, journalists, and writersnon-governmental activists, journalists, and writers
Similar political, social and economic counterpartsSimilar political, social and economic counterparts I.e. - China, Middle EastI.e. - China, Middle East
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India: Already Doing WellIndia: Already Doing Well India is doing very well in terms of growth and establishing its place India is doing very well in terms of growth and establishing its place
in the Global Economyin the Global Economy
India is a very self reliant countryIndia is a very self reliant country Domestic Consumption is 85%Domestic Consumption is 85%
Recognition that India has a lot of potential is beginning to sink inRecognition that India has a lot of potential is beginning to sink in
India will be the number one knowledge production center of the India will be the number one knowledge production center of the worldworld Many companies are opening R&D outfits in IndiaMany companies are opening R&D outfits in India
It is growing faster and lifting more people out of poverty than ever It is growing faster and lifting more people out of poverty than ever beforebefore
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India’s “Modest” GrowthIndia’s “Modest” Growth 3 Million new mobile Connections each month3 Million new mobile Connections each month
Second Fastest Growing Market (After China)Second Fastest Growing Market (After China) Well Ahead of TargetsWell Ahead of Targets
1 Million vehicles a year by 2005-20061 Million vehicles a year by 2005-2006
Heavy Manufacturing Items such as TVs and Fridges will grow to Heavy Manufacturing Items such as TVs and Fridges will grow to 9.5 M and 4.7 M respectively9.5 M and 4.7 M respectively
70,000 Bank Branches, 200,000 ATMs by 200970,000 Bank Branches, 200,000 ATMs by 2009
BPO and Software will have a turnover of 80 Billion by 2007BPO and Software will have a turnover of 80 Billion by 2007
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India’s Economic TransformationIndia’s Economic Transformation
2003 Study by Goldman Sachs2003 Study by Goldman Sachs Over the next 50 years, India will be the fastest growing of the world Over the next 50 years, India will be the fastest growing of the world
economieseconomies
Per capita income will be 35 times higher than todayPer capita income will be 35 times higher than today
Indian Companies are growing at an extraordinary rate of 15-20%Indian Companies are growing at an extraordinary rate of 15-20%
Will become a knowledge economy and an even bigger player than Will become a knowledge economy and an even bigger player than it is today on the global stageit is today on the global stage
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India’s Economic TransformationIndia’s Economic Transformation
India will also be the drug factory of the worldIndia will also be the drug factory of the world Tools and Production Facilities will be built to ensure it can help Foreign Tools and Production Facilities will be built to ensure it can help Foreign
Multinationals take advantage of the cost savingsMultinationals take advantage of the cost savings Indian Companies themselves will be spending a lot in R & D for Indian Companies themselves will be spending a lot in R & D for
development of drugsdevelopment of drugs
Strong Vehicle for Equity InvestingStrong Vehicle for Equity Investing Indian National Stock Exchange and Bombay Stock Exchange are 3rd Indian National Stock Exchange and Bombay Stock Exchange are 3rd
and 5th largest in the world in terms of investmentand 5th largest in the world in terms of investment
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India’s Bright FutureIndia’s Bright Future Unlike China, many Indians residing in foreign land are returning in Unlike China, many Indians residing in foreign land are returning in
huge numbers because salaries and quality of life has been greatly huge numbers because salaries and quality of life has been greatly improvingimproving Convey Western Philosophies for economic growthConvey Western Philosophies for economic growth
It’s Finance Minister attended the G-7 rich countries treasury It’s Finance Minister attended the G-7 rich countries treasury meeting for the first time in Londonmeeting for the first time in London
India’s National Income will overtake that of Italy by 2014, France by India’s National Income will overtake that of Italy by 2014, France by 2020, Germany in 2023, and Japan by 20332020, Germany in 2023, and Japan by 2033
India, like China, still has starving millions, but its high-tech all stars India, like China, still has starving millions, but its high-tech all stars have become world beatershave become world beaters
www.UniversalMetals.us 516 8www.UniversalMetals.us 516 829 0896 / 703 598 700729 0896 / 703 598 7007
UNIVERSAL METALS INC NEUNIVERSAL METALS INC NEW YORK & WASHINGTON DCW YORK & WASHINGTON DC
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SummarySummary ““What is happening today is the birth of India as an independent What is happening today is the birth of India as an independent
society, boisterous, colorful, open, and ready for change”society, boisterous, colorful, open, and ready for change” Jawaharlal Neru, India’s first prime ministerJawaharlal Neru, India’s first prime minister
India, even with its issues, is a tremendously growing economy, and India, even with its issues, is a tremendously growing economy, and is being noticed by business and foreign dignitaries around the is being noticed by business and foreign dignitaries around the worldworld
Multiples opportunities for investmentMultiples opportunities for investment
US and India relations getting stronger based on similar goals and US and India relations getting stronger based on similar goals and challengeschallenges
Any questions????Any questions????
www.UniversalMetals.us 516 8www.UniversalMetals.us 516 829 0896 / 703 598 700729 0896 / 703 598 7007
UNIVERSAL METALS INC NEUNIVERSAL METALS INC NEW YORK & WASHINGTON DCW YORK & WASHINGTON DC
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UNIVERSAL METALS, INC.UNIVERSAL METALS, INC.98 CutterMill Road, Suite 428 N98 CutterMill Road, Suite 428 N 1600 North Oak Street Suite 824 1600 North Oak Street Suite 824Great Neck, NY 11021Great Neck, NY 11021 Arlington, VA 22209 Arlington, VA 22209Phone: 516 829 0896Phone: 516 829 0896 Phone: 703 598 7007 Phone: 703 598 7007
Fax: 516 829 0955Fax: 516 829 0955 Fax: 703 807 2196 Fax: 703 807 2196
[email protected]@universalmetals.uswww.universalmetals.us
Universal Metals was founded in 1991 as a secondary and excess prime exporter of non ferrous items, focusing specifically on stainless and electrical steel.
We are an exporter of secondary stainless steel products in a form used prior to manufacturing. We sell stainless steel sheets, stainless steel coils, pipes and tubes, and bars and rods. Once a manufacturer has this product, they then produce the final end product with it. We also export various non ferrous scrap items, including ISRI specifications from the copper, brass, stainless steel, and aluminum family.In recent years, there has been a surge in demand for these products in the overseas market. Universal Metals has taken advantage and demonstrated tremendous growth during those years.
Industries around the world that utilizes the unique chemical properties of stainless steel secondaries and other non ferrous scrap including chemical and power, food and beverage, pharmaceutical, and transportation. Other major uses are in architecture, domestic appliances, household items, and electronic appliances. Our end users all serve the industries mentioned.
In fact, the demand of stainless has become so evident that the secondary market continues to grow just to keep pace with the growth of all industries and the expanding markets around the world. This is a niche that Universal Metals have helped develop and leverage in order to serve the growth.
Universal Metals, inc. with its experience in the non ferrous industry, and the overseas markets, will continue to help facilitate the growth of industries throughout the world. Our international operations are further facilitated by our offices in India.
Most importantly, as recognized by our suppliers and our customers, what we bring is not only a renowned reputation, but a personal relationship to ensure we accommodate our customer’s needs to the absolute best of our abilities.
Our renowned reputation and continued growth comes from our fast, efficient, and dependable service. Our experience with exporting throughout the globe gives us a competitive advantage that is passed on to our customers. We look forward to hearing, and working with you, as your ultimate Non Ferrous / Stainless Steel buyer and seller.
Sincerely,Vikram Kochar,