Links for 12/4/07

India developing as hub for biotech research
International Herald Tribune
SINGAPORE: India's demand for vaccines has spurred growth in its biotechnology industry, now seen by overseas drugmakers as a lower-cost hub for research and manufacturing, the journal Nature Biotechnology reported Tuesday.

India industrial output growth slows for third month (Update2)
Bloomberg
India's industrial production growth slowed for a third straight month in February as higher interest rates crimped demand for cars and homes.

India may seek equity rejig in Hutch Essar
The Scotsman
MUMBAI (Reuters) - An Indian government body appears to be taking a view that minority stakes held by two Indians in mobile firm Hutchison Essar should be seen as foreign holdings, the Mint paper said, quoting a government source.

Decision on India Sesa sale likely in 2 wks-source
Reuters
Japan's Mitsui & Co. (8031.T: Quote, NEWS , Research) may take about two weeks to finalise the sale of its majority stake in Indian iron ore exporter Sesa Goa Ltd. (SESA.BO: Quote, Profile , Research), a source familiar with the situation said.

Rieter gets federal clearance for India unit-paper
Reuters
MUMBAI, April 12 (Reuters) - Swiss textile machinery and auto parts maker Rieter (RIEN.S: Quote, Profile, Research) got the Foreign Investment Promotion Board's (FIPB) nod to set up an Indian subsidiary, the Businessline daily reported on Thursday.

Offshoring to India - top tips from CIOs
Silicon
Offshoring - love it or hate it, if you have anything to do with decisions about technology in a large organisation you won't be able to avoid an opinion about it.

New Zealand minister aims to build ties with India
Monsters and Critics
Wellington - New Zealand Trade and Defence Minister Phil Goff announced Thursday that he will visit India next week for talks aimed at strengthening ties between the two countries.

Jet Airways resurrects deal to buy Air Sahara
Financial Times
Jet Airways has revived a controversial deal to buy Air Sahara nine months after a bid to create the largest domestic Indian airline fell through due to a pricing dispute.