Identifier
Created
Classification
Origin
07NEWDELHI3885
2007-08-24 11:20:00
UNCLASSIFIED
Embassy New Delhi
Cable title:
NEW DELHI WEEKLY ECON OFFICE HIGHLIGHTS AUGUST 20-24, 2007
how-toVZCZCXRO9125 RR RUEHAST RUEHBI RUEHCI RUEHDBU RUEHLH RUEHPW DE RUEHNE #3885 2361120 ZNR UUUUU ZZH R 241120Z AUG 07 FM AMEMBASSY NEW DELHI TO RUEHC/SECSTATE WASHDC 7801 INFO RUEHCG/AMCONSUL CHENNAI 1270 RUEHCI/AMCONSUL KOLKATA 0711 RUEHLH/AMCONSUL LAHORE 4107 RUEHBI/AMCONSUL MUMBAI 0405 RUEHPW/AMCONSUL PESHAWAR 4631 RUEHIL/AMEMBASSY ISLAMABAD 3845 RHEBAAA/DEPT OF ENERGY WASHDC RUEATRS/DEPT OF TREASURY WASHDC RULSDMK/DEPT OF TRANSPORTATION WASHDC RHMFIUU/FAA NATIONAL HQ WASHINGTON DC RUEHRC/DEPT OF AGRICULTURE WASHDC RUCNCLS/ALL SOUTH AND CENTRAL ASIA COLLECTIVE
UNCLAS NEW DELHI 003885
SIPDIS
SIPDIS
USDOC FOR ITA/MAC/OSA/LDROKER/ASTERN/KRUDD
DEPT OF ENERGY FOR A/S KHARBERT, TCUTLER, CZAMUDA, RLUHAR
DEPT PASS TO USTR DHARTWICK/CLILIENFELD/AADLER
DEPT PASS TO TREASURY FOR OFFICE OF SOUTH ASIA ABAUKOL
TREASURY PASS TO FRB SAN FRANCISCO/TERESA CURRAN
STATE FOR SCA/INS AND EB/TRA JEFFREY HORWITZ AND TOM ENGLE
E.O. 12958: N/A
TAGS: EAGR EFIN EINV ETRD ENRG SENV IN
SUBJECT: NEW DELHI WEEKLY ECON OFFICE HIGHLIGHTS AUGUST 20-24, 2007
UNCLAS NEW DELHI 003885
SIPDIS
SIPDIS
USDOC FOR ITA/MAC/OSA/LDROKER/ASTERN/KRUDD
DEPT OF ENERGY FOR A/S KHARBERT, TCUTLER, CZAMUDA, RLUHAR
DEPT PASS TO USTR DHARTWICK/CLILIENFELD/AADLER
DEPT PASS TO TREASURY FOR OFFICE OF SOUTH ASIA ABAUKOL
TREASURY PASS TO FRB SAN FRANCISCO/TERESA CURRAN
STATE FOR SCA/INS AND EB/TRA JEFFREY HORWITZ AND TOM ENGLE
E.O. 12958: N/A
TAGS: EAGR EFIN EINV ETRD ENRG SENV IN
SUBJECT: NEW DELHI WEEKLY ECON OFFICE HIGHLIGHTS AUGUST 20-24, 2007
1. Below is a compilation of Economic highlights from Embassy New
Delhi for the week of August 20-24, 2007.
TO QUELL UNREST, U.P. SHUTS DOWN
GROCERY CHAINS
--------------
2. On August 23, Uttar Pradesh's Chief Minister, Mayawati Kumari,
ordered all organized grocery retailers in the state to close shop.
The order affects only stand-alone stores, not those in malls.
Mayawati said the move was necessary to restore order following the
ransacking Wednesday of new Reliance Fresh and Spencer's outlets in
Lucknow and Varanasi. The Chief Minister subsequently ordered a
five-member panel to evaluate the feasibility and impact of
organized retail and report back in a month. Uttar Pradesh, India's
most populous state, includes a number of target markets, and these
closures, if prolonged, will severely hamper the current and future
development of organized retail in the state.
IBM OPENS GLOBAL DELIVERY
CENTER IN CHENNAI
--------------
3. IBM inaugurated its newest Indian office in Chennai on August
23. The "Global Delivery Center" is IBM's sixth such facility in
India, and part of the company's $6 billion investment in India it
announced in 2006. The Chennai Center will develop applications for
customers around the world. The Center's manager told ConGen
Chennai that he expects his facility to grow quickly, from a few
hundred employees now to more than 1000 by year's end and 2500 in
2008. He estimated that more than half of these employees will
require visas to travel to the United States on business at some
point during their careers.
4. (U) Visit New Delhi's Classified Website:
http://www.state.sgov/p/sa/newdelhi
WHITE
SIPDIS
SIPDIS
USDOC FOR ITA/MAC/OSA/LDROKER/ASTERN/KRUDD
DEPT OF ENERGY FOR A/S KHARBERT, TCUTLER, CZAMUDA, RLUHAR
DEPT PASS TO USTR DHARTWICK/CLILIENFELD/AADLER
DEPT PASS TO TREASURY FOR OFFICE OF SOUTH ASIA ABAUKOL
TREASURY PASS TO FRB SAN FRANCISCO/TERESA CURRAN
STATE FOR SCA/INS AND EB/TRA JEFFREY HORWITZ AND TOM ENGLE
E.O. 12958: N/A
TAGS: EAGR EFIN EINV ETRD ENRG SENV IN
SUBJECT: NEW DELHI WEEKLY ECON OFFICE HIGHLIGHTS AUGUST 20-24, 2007
1. Below is a compilation of Economic highlights from Embassy New
Delhi for the week of August 20-24, 2007.
TO QUELL UNREST, U.P. SHUTS DOWN
GROCERY CHAINS
--------------
2. On August 23, Uttar Pradesh's Chief Minister, Mayawati Kumari,
ordered all organized grocery retailers in the state to close shop.
The order affects only stand-alone stores, not those in malls.
Mayawati said the move was necessary to restore order following the
ransacking Wednesday of new Reliance Fresh and Spencer's outlets in
Lucknow and Varanasi. The Chief Minister subsequently ordered a
five-member panel to evaluate the feasibility and impact of
organized retail and report back in a month. Uttar Pradesh, India's
most populous state, includes a number of target markets, and these
closures, if prolonged, will severely hamper the current and future
development of organized retail in the state.
IBM OPENS GLOBAL DELIVERY
CENTER IN CHENNAI
--------------
3. IBM inaugurated its newest Indian office in Chennai on August
23. The "Global Delivery Center" is IBM's sixth such facility in
India, and part of the company's $6 billion investment in India it
announced in 2006. The Chennai Center will develop applications for
customers around the world. The Center's manager told ConGen
Chennai that he expects his facility to grow quickly, from a few
hundred employees now to more than 1000 by year's end and 2500 in
2008. He estimated that more than half of these employees will
require visas to travel to the United States on business at some
point during their careers.
4. (U) Visit New Delhi's Classified Website:
http://www.state.sgov/p/sa/newdelhi
WHITE