1. November 16 th 2006 Jagdip Ahluwalia. Executive Director, IACCGH Honorary Executive Director, Alliance of Indo American Chambers of Commerce Indo-American Chamber of Commerce of Greater Houston (IACCGH) We thank Dr Abdul Shaikh, Senior International Economist, US Department of Commerce, and the IBEF (www.ibef.org) for generously sharing their material and slides regarding India.

3. About India World’s Largest Democracy Over One billion people 250-300 million middle class 10 th largest global economy 4 th in Purchasing Power Parity Strong Sustained GDP growth Attractive and diverse market for product and services Easier access to capital

5. India has among the highest returns on foreign investment - Dan Scheinman, Cisco System Inc. as told to Business Week, August 2005 “ We came to India for the costs, stayed for the quality and are now investing for innovation.” A T Kearney FDI Confidence Index 2005 India is among the three most attractive FDI destinations in the world Jack Welch General Electric “ India is a developed country as far as intellectual capital is concerned.” US Department of Commerce By 2032, India will be among the three largest economies in the world BRIC Report Goldman Sachs, October 2003 Why Invest in India?

10. India: Attractive Demographics Growth in the higher income categories of India’s population, has lead to a burgeoning affluent section of society, which has significant level of purchasing power

12. Growth is Across Sectors 40 60 Rising consumer demand is manifested in growth of key sectors of capital and consumer goods and services Coal Production 0 100 200 300 400 500 FY81 FY91 FY01 FY05 Steel Production 0 10 20 30 40 50 FY81 FY91 FY01 FY05 Power Transformers 0 20 40 60 80 FY81 FY91 FY01 FY05 Automobiles 0 500 1000 1500 FY81 FY91 FY01 FY05 Life Insurance 15000 22500 30000 FY04 FY05 Rs crore 2.5 2.75 3 Crore (nos) New premium income Number of policies Mobile Subscribers 0 20 2001 2002 2003 2004 2005 2006 Metros Other circles Source: Economic Survey

13. Key Indian Cities

14. Karnataka is a Top 5 Industrialized State One global corporation moves in each week India’s ‘Knowledge Capital’ Bangalore (Karnataka) Bangalore ranked 4th by UNDP as ‘Global hub of technological innovation’

15. Bangalore Information Technology 20% of Indian Electronics production Over 354 units with Revenues over $2 Billion One new IT company is set up in each week India’s IT Capital with Over $8.5 B Software Exports Est $10 Billion by 2008 35% of India’s Software Exports . Over 50% of the worlds SEI CMM level 5 companies

16. Bangalore Biotechnology No.of Companies 110 (>65% of India’s Biotech companies) Employment 8000 (50% Scientific Personnel) Export Turnover USD 188 Million National Centers of Excellence 2 of 6 are in Bangalore Venture Capital Funding Highest in Karnataka

21. Mumbai – India’s Business Capital The fastest growing State in India The only State to achieve a growth rate of over 8% per annum Capital of Maharashtra Commercial, trading, financial and services capital. Hosts most top Indian business houses and many global multinationals. Hosts headquarters of the Reserve Bank of India (RBI) and of most other financial institutions. Home of the Bombay Stock Exchange (BSE). Oldest Stock Exchange in Asia, founded in 1875. Contributes over one-third of India’s income-tax revenues and over 30% customs revenue. Also movie (Bollywood) and e-biz capital.

24. New Delhi – The Capital City 6 th Largest Metropolis in the World All Embassies All Federal Governmental Headquarters All major political/strategic decisions

25. New Delhi – Key Industries Aerospace/Defense Energy IT/Telecom Health Care Environment Infrastructure

28. The US Department of Commerce Can Lend a Helping Hand Nov 2006 Trade Delegation www.export.gov/indiamission Led by Under Secretary for International Trade Franklin L. Lavin In Coordination with the U.S. Commercial Service in the U.S. and India