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Just read this in Computer Sweden news magazine which reported very possitive about Indian companys.
(Posting translated to english)

INDIANS BEST FOR OUTSOURCING

Indian consulting companies are taking the three top spots in the Nordic outsourcing customers rate satisfaction with their suppliers. "It follows trends from other parts of Europe," said Carl-Henrik Hallström at KPMG behind the study.

Tata Consultancy Services, Cognizant, Infosys are the three outsourcing vendors with the highest customer satisfaction among Nordic clients (Nordic countries comprise of Sweden,Norway,Denmark,Finland and Iceland) KPMG's annual survey shows that are now out for the fifth consecutive year. And it is not, as you might easily think, primarily prices that put the Indian companies in the driving seat.

Toplist
TCS, 79%
Cognizant, 76%
Infosys, 75%
Accenture, 74%
Fujitsu, 74%
TDC Dotcom, 73%
Atea, 73%
Volvo IT, 73%
Teliasonera, 72%
KMD, 70%
HCL, 70%
Verizon, 69%
Capgemini, 68%
Siemens, 68%
Logica, 67%
Tieto, 66%
Telenor, 66%
IBM, 65%
Infocare, 65%
Steria, 65%
HP, 62%
CSC, 56%
EDB Ergogroup, 53%

(The percentage indicating satisfaction on a scale between 0 and 100. For a supplier to be able to participate in the study required that at least eight of its customers and responds that the contract is at least $ 1 million per year.)

- The Indians do not compete only on price, all providers have firewalls today. Instead, those new to the market has become better at building close relationships with their customers, and also work longer term, says Carl-Henrik Hallström, director of sourcing advisory services at KPMG.

The lowest rating was EDB ErgoGroup, which according to Carl-Henrik Hallström may be a consequence of too much internal focus after the merger of the two companies.

- It does not look good, there are many things they have to fix.

Seen only on the Swedish market, Volvo IT, this year's rocket. Göteborg ranks in second place on the Swedish list.

- The Indians would be in the top, we knew, but that Volvo IT would have been second best satisfaction in Sweden is unexpected and fun, says Carl-Henrik Hallström.

Outsourcing Customers' motivations are surprisingly cost-savings, access to skills and quality improvement. Overall, the Nordic customers are very satisfied with their outsourcing contracts: 87 percent are satisfied with their suppliers, up from 84 percent last year. 49 percent say they plan to outsource more.

The study includes 300 companies and organizations that outsource IT services. The contracts included in the study corresponds to about three-quarters of the approximately five billion KPMG calculates the Nordic outsourcing market. A market that is expected to grow by between three and five percent this year.

- Compared to the rest of Europe the Nordic market is growing fastest in percentage terms, says Carl-Henrik Hallström.

He is convinced that Indian companies will continue to take market share. By the study's results show that it is primarily in application development and management of the Indians so far put their gunpowder, while only an Indian vendor, HCL, reflected in the infrastructure sector. But in several other European countries offer several Indian companies including infrastructure services to a large extent, which teaches spread to Scandinavia and Sweden.

A neglected sectors remain public. Compared to the UK, for example - that are most advanced in Europe in the outsourcing of government IT - choose Swedish authorities and municipalities still prefer to outsource core business and to keep administration in-house. Only 20 of the 300 responding organizations in the study are authorities.

- But a lot will happen next year, there are new government initiatives in the area, which Kammarkollegiet framework agreement. (Kammarkollegiet is Sweden's State finance/tender management authority in legal matters. They are the ones who shorlist companies who can submit tenders)

Source : Indierna b�st p� outsourcing - IDG.se
 
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Albanian Minerals: Silver prices to increase $100 ounce in 2012.


Albanian Minerals: Silver prices to increase $100 ounce in 2012.

Silver prices increased sharply today
China's net imports of silver nearly quadrupled in 2011 boosted by sharp increases in demand by the industrial sector and the jewelry industry.

Silver demand in China and India has increased sharply in 2010 and 2011 as more investors use silver as a store of value.
China's net imports of silver was up 400 percent to 3,500 metric tons in 2010.

About 70% of China's silver demand comes from the industrial sectors. Silver is widely used in the production of solar panels, electronic products, jewelry, industrial production, medical equipments, and water purification industries.
China is the world's largest producer of solar power and electronics.

In 2012 silver consumption in India is expected to rise to 5,000 tonnes, according to Albanian Minerals President and CEO Sahit___Muja.


Albanian Minerals President and CEO Sahit___Muja said "The industrial demand is one of the other factors affecting silver prices in global markets today also devaluation of the dollar, inflation, and exchange rates are other factors that have also contributed on rising silver prices".

The 40% of silver is used industrially - in solar batteries, water purification systems, cellphones, circuit boards, plasma TVs and radio frequency identification devices

By 2012 it's estimated that global industrial demand for silver largely driven by India and China will increase 30%, from 487 million ounces in 2010, to 624 million ounces.
Albanian Minerals

WSJ: Albanian Minerals: Silver prices to increase $100 ounce in 2012.
 
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India sets 9% growth target despite global woes

India aims to accelerate economic growth to nine percent, despite deepening global financial worries and stubborn domestic inflationary pressures, Prime Minister Manmohan Singh said on Saturday.
The higher growth target comes even though India's hawkish central bank, which has hiked interest rates 11 times in 18 months, says slower expansion may be required to rein in close to double-digit inflation.
"We want to achieve a growth rate of nine percent per annum (starting in 2012)," Singh said as he outlined the Congress government's goals for India's next five-year economic plan to 2017.
Despite launching moves to free up its economy two decades ago, India still runs on five-year plans introduced in 1951 by its first premier, Jawaharlal Nehru, who admired the-then Soviet Union's central economic planning model.
Singh told reporters in New Delhi he wanted to keep open "the possibility of raising the growth rate -- if the domestic and international situation improves -- to 9.2 percent."
"If they're lucky, 9.2 percent growth is possible with better infrastructure and more economic reforms but with current global conditions, there are risks," said Deepak Lalwani, head of India-focused consultancy Lalcap in London.
India?s economy has grown by around 8.6 percent a year since 2006 while neighbouring emerging market giant China's economy has expanded by nearly 10 percent in the same period.
While the nine percent goal may seem lofty in the face of anaemic Western growth, it represents an official climbdown from the government's dream of attaining double-digit economic growth in the next five-year plan.
The ruling Congress party has long wanted to make history as the first administration to usher in 10 percent growth -- touted by experts as key to hauling hundreds of millions out of poverty.
The government is projecting growth of around 8.5 percent for the current year to March 2012, equal to the previous year's expansion.
But that forecast is far above bearish predictions of many private economists who expect growth in the low seven percent range as interest rate hikes bite and private investment slows.
Singh, who initiated the first liberalisation wave when finance minister, also said "it will be priority number one to push reforms," such as revamping antiquated land acquisition laws to pave the way for industrial projects.
"But the effort has to be create a climate of opinion where all parties will unite to push forward the reform agenda," he said.
India's reform process has been paralysed with the administration mired in multi-billion-dollar corruption scandals and hemmed in by political opposition.
Singh reached out to end a deadlock over an anti-corruption bill that has sparked a bitter standoff between the government and popular social reformer Anna Hazare who began a public fast Friday for a tougher law.
He said his government was open to "give and take" on the bill to tackle rampant graft that economists say poses a major challenge to India attaining its growth potential and is a significant deterrent to foreign investors.
 
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India's forex reserves jump by $1.61 billion.
IANS | Aug 27, 2011, 01.40PM IS

MUMBAI: India's foreign exchange (forex) reserves rose by $1.61 billion to $318.22 billion for the week ended Aug 19 as compared to $316.60 billion in the previous week, official data Saturday showed.

The forex reserves rose for the first time in the last three weeks. The forex reserves kitty had dropped by $621 million and $1.86 billion respectively during the previous two weeks after surging to an all-time high of $319.08 billion recorded during the week ended July 29.

Foreign currency assets, the biggest component of the forex reserves kitty, rose by $1.58 billion to $285.25 billion during the week ended Aug 19, according to the weekly statistical supplement of the Reserve Bank of India.

The foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as the pound sterling, euro and yen held in reserve.

The value of special drawing rights (SDRs) increased by $19 million to $4.63 billion and reserves with the International Monetary Fund rose by $12 million to $2.98 billion.

However, the value of gold reserves remained unchanged at $25.35 billion.

India's forex reserves jump by $1.61 billion - The Times of India
 
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indian exports rise by 81 % NEW DELHI: India's exports surged nearly 82 percent in July as demand soared for engineering goods, petroleum products and readymade garments, but a top official warned bleak global economic outlook may prevent the sector from achieving its annual growth target.

India's exports grew a record 37.6 percent to $246 billion in the 2010/11 fiscal year as Asia's third-largest economy pulled away from the 2008 global financial crisis-led slowdown and set its sights on developing new export markets in the emerging world.

The sector has shown strong growth in this fiscal year as well, with exports racking up high double-digit growth in consecutive months and notching $29.3 billion in July alone, in line with the Asian giant's rising global economic ambitions.
 
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UNCTAD projects 8.1% GDP growth for India in 2011, next only to China.

n the midst of an anticipated global slowdown to 3 per cent in 2011, the United Nations Conference on Trade and Development (UNCTAD) has highlighted India as a shining star, projecting an economic growth of 8.1 per cent — the fastest rate of expansion in the world after China.

In its ‘Trade and Development Report 2011' released here on Tuesday by economist and JNU professor Jayati Ghosh, UNCTAD stated that despite the slowdown in developed countries, the Indian economy is set to grow by 8.1 per cent in 2011 as against to 8.6 per cent in 2010. Surpassing India during the year would be the East Asian giant China with a growth rate of 9.4 per, slightly lower than the 10.3 per cent posted in 2010.

“In South Asia, India continues to pursue rapid economic growth (close to 8 per cent), based mainly on strong domestic consumption and investment, but also on the positive contribution of net exports,” The TDR 2011 said. Interestingly, UNCTAD's growth projection for India during the calendar year is only marginally lower than the International Monetary Fund's estimated of 8.2 per cent and slightly above the 8 per cent level forecast by the Reserve Bank of India (RBI) for the current fiscal year. The various estimates are also in line with the World Bank's projection of 8 per cent 2011-12 and the Asian Development Bank's 8.2 per cent for the fiscal. While global economic growth in 2011, the report said, is likely to slow down to 3.1 per from almost 4 per cent in 2010, developing economies are also likely to be affected by recession in the developed world. However, even as the developing countries are expected to regain the pre-crisis growth rate of 6 per cent in 2011, economic expansion in the developed economies is likely to be only about 1.5-2 per cent, it said. The South Asia region, UNCTAD said, is likely to be among the best performers globally, with a growth of seven per cent in 2011. On the other hand, growth in the U.S. is likely to remain low on account of low domestic demand, stagnating wages. while the European debt crisis is also expected to act as a drag on the global growth. As for India, UNCTAD noted that its growth story is mainly on account of domestic demand.

The Hindu : Business / Economy : UNCTAD projects 8.1% GDP growth for India in 2011, next only to China
 
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