BUSINESS LINE's INVESTMENT WORLD
From THE HINDU group of publications
Sunday, December 30, 2001












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Voices

"We are confident that the financial joint venture with world market leader, Honda, will continue beyond 2004." - Mr Brij Mohan Munjal, Chairman, Hero Honda Motors.

"We are confident of ending 2001-02 with a demand growth of about 7x 7.5 per cent." - Comment by the Cement Manufacturer's Association.

"Himachal Futuristic has an exposure of over Rs 1,400 crore through a subsidiary as investments in equities and loans and advances." - Annual Report of the Company.

"An asset reconstruction company for weak banks would be in place by January 2002". - Mr C. M. Vasudev, Secretary, Department of Economic Affairs.

"The Indica is a very good platform for a whole family of vehicles and the potential is enormous". - Dr V. Sumantran, Executive Director, Tata Engineering.

"The acquisition of dental brands of Group Pharma will strengthen our portfolio by adding primary care brands to our secondary ones." - Dr K. Satish Reddy, Chief Operating Officer, Dr Reddy's Laboratories.

"There would be a slippage in the fiscal deficit target of 4.7 per cent of GDP for 2001-02." - Mr Yashwant Sinha, Finance Minister.

"India's record suggests that it is Plan expenditure that more often than not gets the axe in order to contain the fiscal deficit." - Comment by rating agency, Fitch Ratings India.

"The country's external debt has trebled to Rs 4,51,961 crore in the last ten years from Rs 1,46,226 crore in 1991." - Comment in a government status report.

"India will be able to turnaround faster in the IT sector." - Mr Ranjan Chak, Executive Director of India Development Centre and Vice-President of Oracle Corporation.

"Hero Honda is geared to meet any competition from China." - Mr Brij Mohan Munjal, Chairman, Hero Honda Motors.


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