Tuesday, December 30, 2008

Global Electric Lighting Demand to Exceed $40 Billion in 2012

Global demand for electric lighting is forecast to exceed $40 billion in 2012 on annual gains of more than seven percent. The BRIC economies -- Brazil, Russia, India and China -- are projected to be the fastest growing markets for electric lighting products through 2012. These four nations will account for about 40 percent of the additional demand generated between 2007 and 2012. The greatest gains will come from China, which is expected to be the world’s fastest growing market and largest producer of electric lighting. These and other trends, including market share and product segmentation, are presented in World Electric Lighting, a new study from The Freedonia Group, Inc., a Cleveland-based industry research firm.

Several advanced national markets are expected to post respectable gains, among them the Netherlands, South Korea, Taiwan and the US. Demand in these nations will benefit from an improved outlook for construction activity over the forecast period. However, for most other advanced economies, growth of the construction market is projected to decelerate.

Production of electric lighting is expected to continue to shift to the Asia/Pacific region, largely driven by Chinese manufacturing. China is projected to account for one-quarter of global shipments in 2012, with a significant share exported to the US. Eastern Europe is also forecast to account for an increasing share of global production, owing to increased trade with Western Europe.

LED lighting devices are forecast to grow at an above average pace in every regional market, as these products continue to penetrate both the construction and manufactured goods markets. Gains will be particularly fast in the Asia/Pacific region, where demand for LED lighting is expected to double between 2007 and 2012. Fluorescent lamps are expected to benefit from advances in nonresidential construction, as well as increased penetration of compact fluorescent lamps (CFLs) in residential markets. The incandescent lamp segment is expected to be the slowest growing, restrained by slowing motor vehicle production and weaker residential construction (the segment’s principal markets) as well as greater competition from fluorescent lamps spurred by energy-efficiency concerns. Demand for incandescent lamps will be encumbered by government regulations intended to reduce the use of general service incandescent lamps.

The Freedonia Group is a leading international business research company, founded in 1985, that publishes more than 100 industry research studies annually. This industry analysis provides an unbiased outlook and a reliable assessment of an industry and includes product segmentation and demand forecasts, industry trends, demand history, threats and opportunities, competitive strategies, market share determinations and company profiles.

Monday, December 22, 2008

Proctor & Gamble Expanding in BRIC Nations During Economic Slowdown

Procter & Gamble have chalked out quite an aggressive plan for emerging markets, we caught up with Procter & Gamble's global COO Bob McDonald at the IT conference in Chennai and he said they are going to use this time of recession to enter the Brazil, Russia, India, and China (BRIC) nations in a big way.


Full Story

Research and Markets: In 2012, the BRIC Internet Access Market is Forecast to Have a Value of $ Billion, an Increase of 16.2% from 2007

DUBLIN, Ireland, Dec 22, 2008 (BUSINESS WIRE) -- Research and Markets has announced the addition of the "Internet Access - BRIC (Brazil, Russia, India, China) Industry Guide" report to their offering.

"Internet Access BRIC Industry Guide" is an essential resource for top-level data and analysis covering the BRIC (Brazil, Russia, India, China) Internet Access industry. The report includes easily comparable data on market value, volume, segmentation and market share, plus full five year market forecasts. It examines future problems, innovations and potential growth areas within the market.

Scope of the Report

Contains an executive summary and data on value, volume and segmentation Provides textual analysis of the industry's prospects, competitive landscape and profiles of the leading companies Incorporates in-depth five forces competitive environment analysis and scorecards Compares data from Brazil, Russia, India, and China, alongside individual chapters on each country Includes a five-year forecast of the industry.

Highlights

The BRIC Internet Access market grew by 22% between 2003 and 2007 to reach a value of $26.6 billion. In 2012, the market is forecast to have a value of $ billion, an increase of 16.2% from 2007. India was the fastest growing country with a CAGR of 38.2% over the 2003-2007 period.

Why you should buy this report

Spot future trends and developments Inform your business decisions Add weight to presentations and marketing materials Save time carrying out entry-level research.

Market Definition

The Internet access sector consists of the total revenues generated by Internet Service Providers (ISPs) from the provision of narrowband and broadband Internet connections through both consumer and corporate channels. Revenues generated by ISPs from other Internet related services are not included in this report. Market volumes represent total numbers of users online and exclude corporate data.

Key Topics Covered:

CHAPTER 1 Introduction CHAPTER 2 BRIC INTERNET ACCESS INDUSTRY OUTLOOK CHAPTER 3 INTERNET ACCESS IN BRAZIL CHAPTER 4 INTERNET ACCESS IN RUSSIA CHAPTER 5 INTERNET ACCESS IN INDIA CHAPTER 6 INTERNET ACCESS IN CHINA CHAPTER 7 Appendix List of Tables List of Figures

For more information visit Research and Markets
Source: Datamonitor
SOURCE: Research and Markets Ltd.
Research and Markets
Laura Wood
Senior Manager
press@researchandmarkets.com
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716

Copyright Business Wire 2008

Ernst & Young's Says BRIC Economies will Account for 40 Percent of Global Growth from 2009 - 2020

Brazil, Russia, India and China (Bric) will account for 40 percent of worldwide growth from 2009 - 2020, in spite of the difficult economic situation they face, said Ernst & Young's Item Club.

Adrian Cooper, a senior economic advisor to Item Club said, "Whilst it is not inevitable that the global growth dynamics of the past decade will continue indefinitely, the strong domestic momentum in the large emerging economies, the productivity gains from their continued integration into the global economy and benefits from improved macro and micro economic policies will mean that the next decade sees an impressive rate of expansion."

Production categories that will be especially strong in growth the countries will be chemicals, which will account for 38 percent of world production; vehicles, accounting for 30 percent of production; and electronics coming in at 28 percent of global production. China will account for the most growth in those sectors.

Another big factor will be the growth of global cash reserves, which at this time stands at 77 percent being held by the four countries, amounting to $7 trillion.

Sovereign wealth funds alone are projected to grow to $15 trillion by 2013, and that takes into account oil prices of $60 a barrel.

Base metals are also going to be a huge growth area for the BRICs, with predictions coming in at about 65 percent of global production by 2020.

Wednesday, December 17, 2008

KPMG 2008 Revenues Grow 14.5% to US $22.7 Billion

AMSTERDAM, Netherlands, Dec 17, 2008 /PRNewswire via COMTEX/ -- All Service Lines and Regions Achieve Solid Growth Despite Slowing Economies;

Revenues Rise 37% Across BRIC countries

KPMG, the global network of professional service firms providing Audit, Tax and Advisory services, today announced that member firm combined revenues increased to US$22.69 billion for the fiscal year ending September 30, 2008, versus US$19.81 billion for the prior fiscal year, reflecting double-digit growth across all of KPMG's service lines.

KPMG's combined revenues for fiscal year 2008 represent growth of 14.5 percent in U.S. dollars and growth of 8.4 percent in local currency terms.

"All of our businesses recorded solid growth last year, despite the deepening and acceleration of the global financial crisis in the last quarter of KPMG's fiscal year," said Timothy P. Flynn, Chairman, KPMG International.

Across KPMG's geographic regions and member firms, the Asia Pacific region grew fastest in 2008, while Russia saw revenues rise 64.5 percent in U.S. dollars. In India, revenues jumped 48.9 percent, in China revenues rose 25.8 percent, and in Africa revenues increased 16.5 percent, all in U.S. dollars.
Confronting Economic Challenges

"As we witnessed the accelerated impact of the credit crisis in recent months, it became clear that businesses in every region and in every sector are being confronted with unprecedented challenges to maintain liquidity, anticipate fluctuating customer demand and maintain operating performance," said Flynn.
"In a period of profound and unprecedented changes, our profession, and in particular KPMG firms are well positioned and committed to help clients address the significant challenges ahead," he said.

Flynn added, "KPMG provides a portfolio of governance, liquidity, and operations related service offerings through our core Audit, Tax and Advisory businesses that will help clients as they seek to

re-define their risk management structure, achieve better cash management, sell assets, optimize costs, restructure their debt, prepare for the new regulation yet to come, and improve the depth and transparency of their financial reporting."

Service Line Revenues

Revenues in 2008 were strong across all three of KPMG's core businesses. For Audit services, where a faster rate of overall growth was recorded this year than in 2007, global revenues increased 13.9 percent to US$10.69 billion.

KPMG's Advisory services also achieved growth in all regions, with revenues increasing 13.0 percent to US$7.27 billion for the year.

Revenues for Tax services rose 18.3 percent to US$4.73 billion, again on the basis of strong performance in all regions globally.

Asia Pacific Region

The Asia Pacific region led the growth pace among KPMG's three global regions, with aggregated revenue growth of 21.6 percent to US$3.11 billion in FY08. KPMG China demonstrated particularly strong growth in the Asia Pacific region, with 25.8 percent growth in U.S. dollars. This year, member firms in the region also agreed to move toward a more aligned practice, in order to add to the strength and depth of client service in Asia Pacific.

Korea is expected to adopt a global accounting standard in the coming years. Japan has started to consider possible adoption of International Financial Reporting Standards (IFRS) in the foreseeable future. In response to this move, the firm in Japan established a 280-person practice to assist with IFRS conversion.

EMA Region

For the EMA (Europe, Middle East and Africa) region, combined KPMG member firm revenues increased 16.3 percent to US$12.41 billion.

In the EMA region, FY08 revenue results were particularly strong in Central and Eastern Europe (CEE), at 34.4 percent in U.S. dollars, the Commonwealth of Independent States (CIS) at 62.1 percent in U.S. dollars, and in Africa, at 16.5 percent in U.S. dollars, as well as in such national markets as Spain, which grew at 28.8 percent and Denmark where revenues rose 24.8 percent, both in U.S. dollars.
Also in the region, KPMG in Spain and KPMG in the Netherlands voted this year to join the KPMG merger in Europe - alongside the UK, Germany and Switzerland. KPMG Europe LLP is Europe's largest fully integrated accounting firm.

Americas Region

In the Americas region, FY08 revenue rose 8.8 percent to US$7.17 billion. KPMG in Brazil led national practices in the Americas with growth of 39.5 percent in U.S. dollars. In Canada, KPMG was selected this year as one of the 10 best employers to work for in 2009 from all companies in that country.

Among the innovative programs behind the recognition in Canada's Financial Post competition was KPMG's "Audit 1" program, which provides an unprecedented opportunity for a select number of new hires to receive global training.

In regulatory developments in the region, the United States, as well as Brazil, Mexico and Chile, among others, are expected to transition to International Financial Reporting Standards (IFRS) during the next several years. KPMG has delivered IFRS conversion services to more than 1,400 clients globally, and is bringing that depth of talent and experience to assist companies in the Americas as they convert to a global standard.

BRIC Countries

KPMG's outstanding overall performance in the BRIC countries (Brazil, Russia, India and China), saw aggregate revenues rise by 37.4 percent in U.S. dollars in the past year.

Thinking Beyond

"An economic crisis like the one we're seeing gives virtually every business permission to drive change - from how it develops and delivers its products and services to how it approaches the market," said Flynn. "I'm confident that KPMG's ability to 'think beyond' borders and immediate economic concerns - and our focus on global industries and our deep understanding of clients' businesses - will prove to be a real advantage for our clients in helping them emerge stronger after this crisis."

About KPMG International

KPMG is a global network of professional firms providing Audit, Tax and Advisory services. We operate in 144 countries and have 137,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss cooperative. Each KPMG firm is a legally distinct and separate entity and describes itself as such.

The financial information set forth on these pages represents combined - not consolidated - information of the separate KPMG firms that perform professional services for clients and is combined here solely for presentation purposes. KPMG International performs no professional services for clients nor, concomitantly, generates any revenue.

For further information, please contact:

Americas:
George Ledwith, Director of Communications
Tel (001)-201-307-8498
gledwith@kpmg.com

Europe, Middle East, Africa, South Asia, (EMA):
Gavin Houlgate, Director of Communications
Tel (0044)-207-694-3902
gavin.houlgate@kpmg.co.uk

Australia & Asia Pacific:
Rebecca Cook, Communications Manager
Tel (0061)-3-9288-5178
rebeccacook@kpmg.com.au


Notes to editors:
Combined revenues of KPMG member firms by region (U.S. $ billion):

KPMG regions 2008 2007 Growth in U.S.
Dollars (%)
Americas 7.17 6.59 8.8%
Asia Pacific 3.11 2.55 21.6%
Europe, Middle East, Africa 12.41 10.67 16.3%
Total 22.69 19.81 14.5%



Combined revenues of KPMG member firms by service line (U.S. $ billion):

KPMG services 2008 2007 Growth in U.S.
Dollars (%)
Audit 10.69 9.39 13.9%
Tax 4.73 3.99 18.3%
Advisory 7.27 6.43 13.0%
Total 22.69 19.81 14.5%



Combined headcount of KPMG member firms

2008 2007 Growth
Partners 7,677 7,159 7%
Professionals 104,057 92,924 12%
Administration 25,162 23,239 8%
Total 136,896 123,322 11%


SOURCE KPMG International
Copyright (C) 2008 PR Newswire. All rights reserved

Thursday, December 11, 2008

Learn about the Global Intimate Apparel Market: 2008 Edition

NEW YORK, Dec 11, 2008 (BUSINESS WIRE) -- Reportlinker.com announces that a new market research report related to the Underwear industry is available in its catalogue.

Global Intimate Apparel Market: 2008 Edition

The global lingerie industry supply chain is likely to see falling margins in the near future in the wake of the weakening consumer confidence as a result of looming recession and economic slowdown.

However, the global lingerie industry is not likely to see a major downward growth trend mainly because of the fact that a slowing US and Western European lingerie market is being compensated by the growing Russian and Asian lingerie markets.
The Russian lingerie market is seeing a higher growth rate compared to the overall apparel industry on the back of money spending middle class. Wages and salaries in Russia have grown at an annual average rate of 12.8% over the past years.

The demographic evolution in Asia, particularly in China and India and the increasing urbanization, brand awareness, and rapid retail growth in these two countries are influencing consumers to migrate to branded innerwear, thereby fuelling the growth of organized lingerie market.

Currently the Asian market is playing an important role in the growth of the lingerie industry. While the global lingerie market grew at a rate of approximately 3%, the Asian lingerie market has shown tremendous growth with 8%. So, Asia and to some extent Eastern European countries like Russia have emerged as important markets for Western and Asian lingerie brands.

And the sales channel that has become more pronounced for lingerie manufacturers is the specialist lingerie chains. These chains are taking a major share of the market especially in the European countries. And this is evident with the growing level of consolidation in this sales channel. The recent acquisition of Lejaby (French lingerie and swimwear subsidiary of US group Warnaco) by the Austrian textiles group Palmers Textil, Princess Tam Tam by Japan's Fast Retailing Co. and French lingerie chain Orcanta by Chantelle Group indicates growing popularity of the specialist lingerie chains.

Created in November 2008, the report titled "Global Intimate Apparel Industry: 2008 Edition" gives an updated and analytical view of the global intimate apparel industry. The report assesses the overall industry by region, presents the major trends in different geographies and analyzes sales by channel of distribution in major regions/countries. It also analyzes the market opportunities for lingerie manufacturers, suppliers, distributors and retailers. The report also gives a comprehensive analysis of the leading players in the lingerie market. Further, the level of threat of new entrants, competitive intensity and bargaining power of buyers and suppliers has been presented with the Porter's Five Forces framework.
Finally, market forecast has been done keeping in view the current global economic scenario.

1. Global Intimate Apparel Market
1.1 Market Definition
1.2 Market Size and Growth
1.3 Market Opportunities
2. US Intimate Apparel Market
2.1 Market Overview
2.2 Market Size and Growth
2.3 Sales by Major Categories
2.4 Major Market Trends
3. European Intimate Apparel Market
3.1 UK Intimate Apparel Market
3.1.1 Market Size and Growth
3.1.2 Sales by Channel of Distribution
3.1.3 Major Market Trends
3.2 French Intimate Apparel Market
3.2.1 Market Size and Growth
3.2.2 Sales by Channel of Distribution
3.2.3 Major Market Trends
3.3 Russian Intimate Apparel Market
3.3.1 Market Size and Growth
3.3.2 Market Share by Segment
3.3.3 Sales by Channel of Distribution
3.3.4 Major Market Trends
4. Asian Intimate Apparel Market
4.1 Chinese Intimate Apparel Market
4.1.1 Market Size and Growth
4.1.2 Major Market Trends
4.2 Indian Intimate Apparel Market
4.2.1 Market Size and Growth
4.2.2 Market Share by Segment
4.2.3 Sales by Channel of Distribution
4.2.4 Major Market Trends
5. Porter's Five Forces Analysis: Lingerie Industry
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Competitive Rivalry
5.4 Threat of New Entrants
5.5 Threat of Substitutes
6. Competitive Landscape: Global Lingerie Industry
6.1 Victoria's Secret (Limited Brands)
6.1.1 Company Description
6.1.2 Major Brands and distribution channels
6.1.3 Business Strategies
6.2 Maidenform Brands, Inc
6.2.1 Company Description
6.2.2 Major Brands and distribution channels
6.2.3 Business Strategies
6.3 Van de Velde
6.3.1 Company Description
6.3.1 Major Brands and distribution channels
6.3.2 Business Strategies
6.4 CALIDA Holding AG
6.4.1 Company Description
6.4.2 Major Brands and distribution channels
6.4.3 Business Strategies
7. Future Outlook
7.1 Overall Economic Environment
7.2 Market Forecast

List of Figures

Global Intimate Apparel Market Size: 2003- 2007 Global Intimate Apparel Market Share by Region (2007) Global Intimate Apparel Market: Sales by Country (2007) Global Intimate Apparel Market: Segment Contribution (2007) US Apparel Industry by Major Segments: 2007 US Intimate Apparel Market Size (Value): 2002-2007 US Intimate Apparel Sales (Value): Major Categories: 2007 US Intimate Apparel Sales (Value): Major Categories: Q108 versus Q208 Lingerie budget per woman/year in European countries - 2007 UK Intimate Apparel Market Size (Value): 2002-2007 UK Intimate Apparel Market: Sales by Channel (Value): 2007 French Intimate Apparel Market Size (Value): 2002-2007 French Intimate Apparel Market: Sales by Channel (Value): 2007 Russian Intimate Apparel Market Size (Value): 2004-2007 Russian lingerie market: Sales by Segment (Value) - 2007 Russian lingerie market: Sales by Channel (Value) - 2007 Chinese Intimate Apparel Market Size (Value): 2003-2007 Innerwear Market in India (Value): 2003-2007 Value of lingerie market in India: 2003-2007 Share of lingerie market by segment: 2007 Indian Lingerie Channels - Sales Break-up Van de Velde - Percentage sales by brands (2007) Calida - Sales growth by brand/channel - 1H 2008 Global Intimate Apparel Market Forecast: 2008- 2010

List of Tables

US Apparel Categories: Market Size - 2007 versus 2006 Number of lingerie brands by country - Europe Sales of top lingerie brands in Europe Ownership and brands of major lingerie manufacturers Market Share and Distribution Channel of major US Intimate Apparel Makers Victoria's Secret - Fact sheet

To order this report: Global Intimate Apparel Market: 2008 Edition

More market research reports here!
SOURCE: ReportLinker
Reportlinker
Nicolas: nbo@reportlinker.com
US: (805)-652-2626
Intl: +1 805-652-2626

Copyright Business Wire 2008

Arthur D. Little: The BRIC Battle - Winning the Global Race for the Emerging Middle Segment

A new study identifies what major growth in the four largest emerging economies will mean for mature market multinationals


LONDON, Dec 11, 2008 (BUSINESS WIRE) -- With global policy makers and business leaders predicting the emerging BRIC markets will remain the key source for growth in the crisis, a new study by Arthur D. Little explains that mature market multinationals must re-evaluate their outmoded globalization philosophies or risk losing out to a new generation of ambitious, fast growing emerging market companies. The report, "The BRIC Battle - Winning the Global Race for the Emerging Middle Segment," explores how to capture a significant share of the largest customer segment in these countries.

"Just a few days ago private equity house Actis announced it has raised GBP 2.9bn for investment specifically in the BRIC emerging markets - proof positive that as the developed economies face recession in a post-credit crunch environment, emerging markets will continue to grow, albeit at a slower pace" reflects Kurt Baes, a co-author of the report and principal of Arthur D. Little's Shanghai office. "Multinationals find themselves at a tipping point - they must either begin to re-engineer their engagement with the BRIC markets now, or risk being left behind."

Growing middle segment

According to Arthur D. Little's latest report, over the next 20 years Brazil, Russia, India, and China - the so-called BRIC - will account for 50% of global incremental GDP growth. Based upon project experience and interviews with hundreds of leading companies in the US, Europe and Asia, the report's authors found that mature market multinational companies (MNCs) currently operating in BRIC markets tend only to target the premium segment - leaving local competitors free to serve the lower and emerging middle market segments. The BRIC "middle segment" consist of those products with good basic functionality but without the 'bells and whistles' of excess packaging, branding, and differentiating features to which many mature market consumers and companies have become accustomed. As the emerging markets' middle classes grow, so are the local companies that serve them. Hence the imperative for MNCs to address this market segment now.

"Unless the MNCs begin targeting the growing middle segment in the BRIC economies, they will not exploit the huge growth potential and risk losing ground to increasingly sophisticated local players, who are now taking the success gained in their home markets and translating that into rapidly expanding global offerings," added Wilhelm Lerner, co-author of the report and Head of Arthur D. Little's Central European Strategy & Organisation Practice. "As the economy enters a period of global recession where we are seeing developed nations hit the hardest, multinational brands must re-think their emerging market strategies and develop the product offerings and market knowledge to capture a larger share of the growing BRIC middle segment. That is their only chance to remain successful in the long term."

Entering with caution

Western white goods giant Whirlpool, home furnishings retailer Ikea, detergent brand Unilever, fast food chain KFC, and car manufacturer Toyota are all developed market companies that have made an early and definitive decision to target the BRIC middle segment. The report outlines how each company faced significant cultural, technical, and geographic challenges in successfully capturing these markets' middle segments, and offers businesses a new strategy for entering the emerging markets: BRIC 2.0.
Arthur D. Little's BRIC 2.0 strategy is based on a double-rationale for why mature market companies must act now to drive growth in the emerging markets' middle segments: to exploit the immense local growth opportunity and to protect their position in their home market. To achieve this, the report offers three ingredients to consider in developing a BRIC market entry strategy:

-- Fight - Combine international brand power with proven, local go-to-market approaches
-- Focus - First invest in a single, key region; roll out to subsequent regions once a strong market position is achieved
-- Simplify - Actively leverage the MNCs' technical expertise to design new product and service offerings that address local needs, far beyond simple copying or de-engineering of existing offerings.
"The complexities of entering a new market have been compounded by the continuous growth and changing nature of the BRIC middle segments over the last decade. As local players from each of the emerging markets aggressively pursue growth in both mature and other emerging markets, MNCs must act now to avoid losing ground to these new competitors, who have adapted successful go-to-market approaches specifically tailored for the growing global middle segment," concluded Petter Kilefors, co-author of the report and Global Practice Leader of Arthur D. Little's Strategy & Organisation Practice.

Looking ahead

As part of this study, Arthur D. Little gathered primary data from 60 MNCs in different geographies and industries, in order to develop the first ever publication of combined BRIC revenues disclosed on a per company basis. This data is currently being analysed to identify BRIC market "winners". "The Arthur D. Little BRIC Honorary Award" and accompanying analysis will be revealed in Q1 2009.
So far the research shows significant differences between industries: both construction industry & materials players and engineering & manufacturing firms have understood the message clearly, pushing their BRIC share into 20-40% growth figures annually since 2005. On the other hand, semiconductor and mobile device manufacturers' BRIC shares have stagnated in their portfolio; a sign that they may be missing out.

Industry Ranking Revenue share of BRIC Revenue share increase
(Revenue share of BRIC in total revenue) in total revnue (%) of BRIC '05-'07 (CAGR. %)
1. Semiconductor Manufacturers >20% <13%>13%
5. Engineering & Manufacturing 10% -20% >13%
6. Pharma & Chemicals >13%
7. Construction Industry & Construction materials suppliers >13%
8. Consumer Goods & Retail >13%
Average (across sample) 11.3% 12.9%

The BRIC Battle - Winning the Global Race for the Emerging Middle Segment is now available for download at http://www.adl.com/BRIC

About Arthur D. Little

Arthur D. Little (ADL), founded in 1886, is a leading global management consulting firm that links strategy, innovation and technology to master complex business challenges while delivering sustainable results to our clients. Arthur D. Little has a collaborative client engagement style, exceptional people, and a firm-wide commitment to quality and integrity. ADL is proud to serve many of the Fortune 100 companies globally in addition to many other leading firms and public sector organisations.

Arthur D Little has over 30 offices worldwide, employing over 1,000 people. If you would like additional information on the firm, please visit www.adl.com.

SOURCE: Arthur D. Little

Petter Kilefors
Arthur D. Little
Tel: +46-8-50306542
kilefors.petter@adlittle.com
or
Wilhelm Lerner
Arthur D. Little
Tel: +49 175 5806151
lerner.wilhelm@adlittle.com
or
Kurt Baes
Arthur D. Little
Tel: +86 21 6447 8866
baes.kurt@adlittle.com
or
Sue Glanville/ Maita Soukup
Say Communications
Tel: +44 (0)208 971 6411 / 6423
sglanville@saycomms.co.uk
msoukup@saycomms.co.uk

Copyright Business Wire 2008

Sunday, December 7, 2008

Russia and India Sign Agreement to Work Closer Together Economically

In an attempt to work closer together after years of cool relations, Russia and India signed a pact concerning economic trade and cooperation.

A major deal involved building of nuclear reactors by Russia for India to use for energy.

“The signing of the agreement on civil nuclear cooperation with Russia marks a new milestone in the history of our cooperation in the field of nuclear energy,” Indian Prime Minister Manmohan Singh said in New Delhi after talks with Russian President Dmitry Medvedev.

The two countries have a goal of increasing trade to about $10 billion by 2010, while working on improving relations that have been strained since the collapse of the Soviet Union.

In reference to military related items, the two countries signed deals for the sale of 80 helicopters to India, worth over $1 billion according to the state arms selling agent and CEO of Rosoboronexport, Anatoly Isaikin.

Russian President Dmitry Medvedev, said he hopes to extend the accord to 10 years, while working with India to develop and produce missiles and aircraft jointly.

Other partnerships would include working together on metals, space, machine building, pharmaceuticals, nuclear powered submarines, biotechnology and information technology.