Dhour

By John Parkr

 In these times of economic slowdown, Indian companies, especially real estate firms, are looking at diaspora in the Middle East for investment.

The government kickstarted a series of investment meets last week in Muscat that had major Indian firms hardselling Indias economic stability to the diaspora.

The Muscat meeting held under the aegis of the overseas Indian affairs ministry on November 12 is the first in over 16 such meetings to be held in the Middle East, UK and US .

These countries account for the bulk of the Indian diaspora. According to Col Harmeet Singh Sethi, head of the Overseas Indian Facilitation Centre (OIFC), the Indian government and business groups will target areas in the Middle East that remain largely ignored but represent big money including Sharjah, Dubai, Abu Dhabi and Bahrain.

According to Sethi, real estate, education and wealth management are key areas where India is looking for investment and support from the diaspora. One of the major obstacles in this area is the bureaucracy and red tapism. We were told that India is rated the 83rd most difficult place to do business in. There were reservations expressed by business people there who are interested in investing in India but we were able to allay their fears to a large extent,’ Sethi said.

The meeting included biggies like DLF, Career Launcher and Kotak Mahindra.

The investor tete-a-tete comes close on the heels of PM Manmohan Singhs trip to Oman where he asked Gulf nations to invest in Indian infrastructure and help the country register 9% growth.

India is now looking at big-ticket investments in areas like infrastructure, healthcare, education, assisted living, wealth management and real estate.

Indians send the highest amount of remittances back home, beating even China. India has now captured one-tenth of global remittance flows with total remittances from overseas Indians growing steadily from $2.1 billion in 1990-1991 to $27.1 billion in 2006-2007.

But investment from the diaspora lags behind. Sources said the ministry of overseas Indian affairs was keen to convert this emotional bond into a financially productive one.

Published on: www.indiarealestateblog.com

John Parker,author of many articles regarding India Real Estate and India Real Estate Buying Selling Tips is a Realestate advisor and giving assistance to the people for indiarealestate and providing information on Real Estate Market in India.

The Top News Headlines From Around The World

Facebook Constantly Receives Investing News Headlines
By MIKE SELVON

 It is one thing to create a website that allows a group of college students to interact with each other. It is an entirely different thing when that network goes global. Mark Zuckerberg knew a good thing when he developed it. His networking site Facebook quickly took the world by storm.

It allowed people from across the globe to connect and be part of a growing social network. It allowed people to find friends and share stories about their daily lives. It is also about money. Investing news stories are continuously being published about this networking giant.

Investing news stories are always making the headlines. The Facebook empire made its first headlines when Peter Thiel, co-founder of PayPal, invested $500,000 into the fledgling enterprise. Would this be the starting point for a top 10 business?

Many business experts conjectured that Facebook would join forces with a larger company to help back its financial needs. They were a bit mistaken.

Facebook makes its money, which allows it to remain a free website, through the use of advertising services. Each time a person clicks on one of the banner ads and makes a purchase, the company receives a portion of the profits. But there is a problem with that.

With revenue dependent upon you clicking a banner ad, it can begin to suffer if people do not buy through their advertising services. This is most likely why Facebook had a $3.63 million dollar net loss in 2005. It was spending more to host the website and provide services than it was bringing in.

Enter in the merger and acquisition talks with giants Yahoo, Google and other companies. These huge companies tried to enter into negotiations with Facebook and a bidding war was even started at one time. Zuckerberg issued a statement in 2007 that essentially said that Facebook would not be sold to someone else.

Was this the right thing to do? If you compare Facebook’s membership to MySpace’s membership, then you are left with the impression that it is no where near as successful. MySpace has more than double the members and is still a growing entity.

So what will happen with Facebook when its daily advertising is eclipsed by its spending? No one is certain of anything yet but with the huge net loss it suffered in 2005 it still remains to be seen if Facebook will be able to continue to compete with MySpace.

There might actually be a day in the future when it must charge membership fees. However, for now that is only a hypothesis set out by business experts. Facebook today is still free of charge and open to people everywhere.

A free gift awaits you at our portal site, where you can enrich your knowledge further about investing news on facebook. Your comment is much appreciated at our face book com blog.

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