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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
Contents
1 2 3 4 5 6 7 8 Inclusive businesses surveyed.......................................................................................................... 2 List of fund managers interviewed .................................................................................................. 6 List of donors interviewed ............................................................................................................... 7 Case studies of inclusive businesses ................................................................................................ 8 Deep dives on potential fund manager partners for ADB ............................................................. 24 Economic factsheet on low-income states .................................................................................... 27 Deep dives on priority sectors ....................................................................................................... 32 Government schemes relevant to ADBs fund............................................................................. 344
ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
Sector
Presence in LIS/NES/Both
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Healthcare Water & Sanitation Real estate Retail Telecom, BPO & IT Education Retail Agri-business and agriculture Energy (incl. renewable) Telecom, BPO & IT Retail Retail Education Telecom, BPO & IT Telecom, BPO & IT Water and sanitation Renewable Energy BFSI Healthcare (nonpharma) Healthcare (nonpharma) Agri-business and agriculture (incl. seeds)
2
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
Company name
Sector
Presence in LIS/NES/Both
22 23 24 25 26 27 28
Glocal Healthcare Systems Gram Tarang Employability Training Services Pvt. Ltd. Greenlight Planet Healthpoint Services India Hippocampus Learning Centres Hotel Saravana Bhavan Industree Crafts Pvt Ltd
Healthcare (nonpharma) Education Energy (incl. renewable) Healthcare (nonpharma) Education Hospitality and leisure/tourism Textiles, garments and handicrafts Agri-business and agriculture (incl. seeds) Agri-business and agriculture (incl. seeds) Agri-business and agriculture (incl. seeds) Textiles, garments and handicrafts Healthcare (nonpharma) Agri-business and agriculture (incl. seeds) Agri-business and agriculture (incl. seeds) Real estate and construction (incl. housing) Telecom, BPO & IT Healthcare (nonpharma) Agri-business and agriculture (incl.
3
29
31
32
33 34
Jaipur Rugs Company Pvt. Jayashree Industries Jk Paper Ltd, Plantation activities, Farm Forestry
35
36
37
Lafarge India
38 39 40
ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
Company name
Sector
Presence in LIS/NES/Both
seeds) 41 Mobile Works Telecom, BPO & IT Telecom, BPO & IT Water and sanitation Education Education Energy (incl. renewable) Textiles, garments and handicrafts Energy (incl. renewable) Telecom, BPO & IT Agri-business and agriculture (incl. seeds) Energy (incl. renewable) Banking & financial services (incl. insurance and microfinance) Agri-business and agriculture (incl. seeds) Banking & financial services (incl. insurance and microfinance) Energy (incl. renewable) Telecom, BPO & IT
42
Multi Commodity Exchange of India, Gramin Suvidha Kendra Piramal Water Pvt. Ltd. (brand name: Sarvajal) Projects and skill development department Prolific Systems & Technologies Pvt Ltd Promethean Power Systems Rangsutra Rural Off-grid market RuralShores Business Services Pvt. Ltd. SAVE - Saline Area Vitalization Enterprise Limited SELCO Solar Light Private Limited
43 44 45 46 47 48 49
50
51
52
Share
53
54
55 56
ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
Company name
Sector
Presence in LIS/NES/Both
57
Agri-business and agriculture (incl. seeds) Retail Water and sanitation Agri-business and agriculture (incl. seeds) Healthcare (nonpharma) Telecom, BPO & IT Education Water and sanitation Water and sanitation Water and sanitation Real estate and construction (incl. housing) Agri-business and agriculture (incl. seeds) Healthcare (nonpharma)
58 59
60
61 62 63 64 65 66
Vaatsalya Healthcare Vortex Engineering V-Shesh Access Services Private Limited WaterHealth India WaterHealth International Inc. Waterlife India Pvt Ltd
67
68
Zameen Organic
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
Sector focus Agnostic Agnostic Agnostic Agnostic Agnostic Agnostic Agnostic Healthcare Agnostic IT/ITES Agnostic Agnostic Agnostic Energy Agnostic Agri. Agnostic Agri. Agnostic Agnostic Agnostic
Geographic focus India EM EM EM India India EM India EM India India Sri Lanka India India LIS India LIS India India India Sri Lanka
Stage of investment Early Growth Early Growth Early Growth Early Growth Growth Early Early Growth Growth Growth Growth Growth Early Growth Early Growth Growth
Bamboo Finance Eric Berkowitz Elevar Equity Gray Ghost IIP Imprint Capital Indo-US Lok Capital LR Global NEA Nereus Capital Pragati Rabo Equity Samriddh Fund SEAF Song Advisors Zephyr To be named Sandeep Farias Marc Clayton Hand Varun Sahni Laura Spiekermann Rajesh Raju Vishal Mehta Chanaka Wickramasuriya Vamesh Chovatia Jonathan Winer Narayan Shadagopan Rajesh Srivastava Ananta P. Sarma Hemendra Mathur Has now left Mukul Gulati Indika Hettiarachchi
Dalbergs assessment of overlap between fund managers current portfolio and ADBs target definition of inclusive businesses, i.e., any business that engages the poor as consumer, supplier, distributor, or employee; All fund managers mentioned in the list have some exposure to inclusive businesses, but ones marked No have a more indirect approach to targeting IBs. 2 Interview confirmed, to be conducted
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
Company logo
Background on Business Apollo Hospitals Group has owned and managed a network of hospitals and medical facilities in India since 1979. In 2008, the Group launched a network of smaller satellite facilities, called Apollo REACH Hospitals. Operating in underserved regions and offering super-specialty medical care at affordable rates to people living at the BOP, Apollo REACH now manages 3 hospitals in rural and semi-urban areas. Mode of BOP Engagement BOP as Consumers Apollo REACH, like most healthcare organisations, serves the BOP as consumers, increasing their access to healthcare services. These consumers currently have to travel to cities for specialty healthcare. Due to this additional step in the value chain, many patients remain untreated in the villages. Apollo REACH attempts to bridge this gap. Each hospital houses 150-200 beds, 40 intensive care unit beds, and 5 operation theatres. Each hospital also offers super-specialty medical services (e.g., cardiology, orthopedics, neurosurgery, etc). Impact to date and future growth plans Apollo REACH has developed a model for establishing hospitals in rural or semi-urban areas that is significantly more cost efficient than traditional urban hospitals. As a result, REACH hospitals can charge 20-30% less than other major hospitals. One of the biggest drivers of Apollo REACHs geographic expansion is additionality, since they would not enter areas where there are other similar hospitals, or would offer services that other hospitals do not. Apollo REACH plans to expand to 25 facilities in the next 2-3 years. Apollo REACH plans to grow its revenues by over 20% annually. By leveraging a hub-and-spoke model, Apollo REACH has effectively countered the challenge of limited talent in rural areas. Apollos plans for geographic expansion will be centered around their established hospitals in major cities, to build in the flexibility of temporarily shifting doctors from the cities to the villages on a needs basis. Challenges Scalability is Apollo REACHs major challenge. At the facility level, after reaching the saturation point in terms of revenues, an increase infrastructure is required, i.e., increasing the number of beds. At the chain or network level, the challenges are similar to those of other businesses lack of skilled personnel, high CAPEX, and heavy burden of expensive debt. Source of financing to date and future needs Till date, Apollo REACH has been funded by equity from Apollo Hospitals and IFC. Each hospital costs approximately $5 million to establish, implying that the initiative will need close to $75 million in investment in the next 3 years. Of the total pool of investments coming in, Apollo REACH would prefer 60% as debt, 25% as grants, and the remainder as soft loans with a 15 year tenor.
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
Sample investment
Strategy
Jash Engineering
Mfg. of equipment used in waste water treatment
2011 $ 60 million
$ 6 10 million
Pragati believes the market for financing small-medium sized enterprises in low-income states in India presents attractive financial opportunities for private equity. Pragati underwrites companies for being SMEs and not inclusive businesses, but it indirectly engages the poor by investing in businesses that exist in deprived regions, employ local populations, and invest in workforce development thus having the potential for significant livelihood creation. Although finding such fundable opportunities remains a challenge in these geographies, Pragati believes being close to the ground will generate strong deal flow. To further address the risk of limited deal flow, Pragati chooses to remain sector agnostic. The fund expects their investees to be family run businesses, and look for strong corporate governance.
Pragati is a relatively recent financial-first, commercial fund and does not have explicit impact measurement systems. Since DFIs such as CDC and IFC are LPs of the fund, Pragati follows strong ESG-oriented metrics. Key contact
N. Shadagopan
SOURCE: Interview with fund; Dalberg research
Aavishkaar India Micro Venture Capital Fund CDC, IFC, FMO, KfW, NABARD, Rockefeller, others
Vortex Engineering
Developer and mfg. of low-cost ATMs
Aavishkaar was one of the first funds set up to provide equity finance to early-stage inclusive businesses. The fund diversifies its exposure across education, healthcare, agriculture, ICT, and energy. Although Aavishkaar does not focus exclusively on low-income states, its strategy of investing in rural areas where few other fund managers are willing to go, ensures that over 50% of its invested capital has a footprint on low-income states. Aavishkaar takes a venture-capital style approach to develop sectors and industries in nascent geographies. Aavishkaar has so far made 33 investments in prerevenue companies, underwriting risks of limited experience of entrepreneurs and lack of local enabling institutions, and has still delivered strong financial returns.
Vineet Rai
SOURCE: Interview with fund; Dalberg research; ImpactBase
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes Figure 3: Fund manager snapshot Aureos
Fund name Investors Fund details Vintage Total AUM Avg. size of investment Target IRR Geographic focus Sector focus Social impact metrics employed
Aureos has a proprietary impact measurements framework, the Aureos Sustainability Index. Beyond this, Aureos also follows IFC perfor mance standards and is a signatory of UNPRI. Key contact
Asiri Hospitals
Chain of low-cost hospitals in Sri Lanka
2004 $ 100 million (70% for India) $ 5 10 million ~25% India, Sri Lanka, Bangladesh Sector agnostic
Aureos is a global investment firm with a portfolio of emerging markets focused private equity funds. Aureos qualifies itself as a financial-first fund manager, and focuses on SMEs across sectors. It is one of the few fund managers currently focusing on Sri Lanka, and has a strong track record of investing across South Asia. Although sector agnostic, the fund plans to target infrastructure oriented sectors such as manufacturing, transportation / logistics, pharmaceutical, and healthcare in the short-medium term. Aureos follows ESG criteria closely, and often uses such parameters as screening criteria, in conjunction with capital intensity and level of regulation. Globally, Aureos has completed over 270 transactions to date, and its exits have realized IRRs of 30%.
N/A
LR Global, the first formal institutional PE fund to be set up in Sri Lanka in the current post-conflict environment, was spun out of the Rockefeller office by former Aureos investment professionals, when IFC provided an anchor investment of $10 million. LR Global plans to invest in SMEs, where they believe exit strategies will be easier to place, and will source deals in-house, as opposed to secondary transactions. The focus on SMEs is not narrowed by an exclusive focus on IB. However, many opportunities in LRs deal pipeline could qualify as IBs by ADBs definition. Agriculture, tourism, and infrastructure are priority sectors for LR Global, while they remain sector agnostic. Further, LR Global will focus on investing in value chains of sectors where larger players operate.
Chanaka Wickramasuriya
SOURCE: Interview with fund; Dalberg research
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes Figure 5: Fund manager snapshot SEAF
Fund name Investors Fund details Vintage Total AUM Avg. size of investment Target IRR Geographic focus Sector focus Social impact metrics employed
SEAF tracks IRIS compatible metrics such as employment, wages, benefits, training, suppliers, customers, taxes, community development, formalization and corporate governance. SEAFs development impact reports are available online. Key contact
Abhay Cotex
Cotton seed processing company
To create the India Agribusiness Fund (IAF), SEAF brought its global expertise of investing in agribusinesses (40% of global portfolio in the sector) and experience of investing in India through professionals with 6 years of investment experience at Kotak. IAF is one of the countrys few IB-focused sector-specific funds, and invests in SMEs that operate in the Agribusiness value chain, except upstream players. Typical opportunities that the fund considers are B2B businesses in sub-sectors such as agricultural processing, implements, logistics, and other post-harvest industries. SEAFs investment professionals recognize the nascence of PE to this sector, and hence spend more than 50% of their time on the ground, sourcing and monitoring deals. Given a chance, SEAF would deploy TA for public or shared goods.
Hemendra Mathur
SOURCE: Interview with fund; Dalberg research; ImpactBase
Sample investment Strategy 2012 $ 60 million + $ 1 5 million 15-16% Low-income states in India Sector agnostic
FabIndia
Retailer of products handmade by rural craftspeople
SIDBI is a government owned financial institution providing debt and equity to micro, small, and medium-scale enterprises in India. SIDBI VC is a wholly owned subsidiary, which has set up the Samriddh Fund with DFID. The funds sector agnostic investment strategy focuses on SMEs in low-income states in India with potential to increase incomes of low-income populations. SIDBI believes that an exclusive LIS focus ensures that their SME investees are also IBs. The fund does not focus on Northeastern states, however, due to a lack of enabling infrastructure in those regions currently. SIDBI intends to encourage its investees to enter LIS markets, and further help them by leveraging its network within the government, if needed. Any returns over 14% that the fund generates are returned to their current investor, DFID.
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
India
Number of clusters
194 48 67 251
2,717 2,377
Madhya Pradesh
Odisha Rajasthan Uttar Pradesh 7.2% 5.4% 6.3%
12.0%
1,804
340 198
504
1,707
862
38 82 84 19 7 39 82
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
Bihar recorded the second highest GDP growth among all the states DFIs like IFC, DFID, Kfw, CDC & SIDBI have Bihar as one of their focus states Bihar government is proactively giving policy incentives for Industries & Investors
Chhatisgarh 12 / 29 1 / 15 in LIS/NES
Jharkhand 21 / 29 9 / 15 in LIS/NES
Chhattisgarh accounts for about 16 per cent of the nations coal reserves and is rich in other mineral resources such as Limestone, Iron-ore, Copper, Bauxite., Chhattisgarh is presently one of the few states that has surplus power The state offers a wide range of fiscal and policy incentives for businesses and stands first among LIS & NES in the competitiveness rankings DFIs like IFC, DFID, Kfw,CDC & SIDBI have Chhatisgarh as one of their focus states Jharkhand has around 40 per cent of the countrys mineral wealth DFIs like IFC, DFID, Kfw,CDC & SIDBI have Chhatisgarh as one of their focus states Location Advantage: Closer to the ports of Kolkata, Haldia and Paradip and has easy access to raw materials.
Agriculture: Tea, Rubber, Sugarcane, Tobacco, Dairy, Paper Industries: Plastics, Transport equipment, Chemicals, Textiles, Mines, Minerals Agriculture: Food processing Industries: Mining, Minerals, Iron & Steel, Cement, Power, IT& ITes, Biotechnology, Gems & Jewellery
Iron & steel ancillary units Castings & metal fabrication Gems & Jewellery Textiles Aluminum
Odisha 15 / 29 4 / 15 in LIS/NES
A large number of consumer goods companies have manufacturing bases in the state because it is centrally located and is equidistant to all major cities of India Madhya Pradesh has rich mineral resources and has the largest reserves of diamond and copper in India State government is actively working with World bank, IFC, DFID and other DFIs on host of developmental projects Leads in iron, steel, ferroalloy & aluminium production. It also has a strong base for coal-based power generation Has a stable political environment and is actively working with IFC, DFID and other development organizations Offers a wide range of fiscal and policy incentives for businesses
Agriculture: Rubber, Food & beverages Industries: Mining, Minerals, Iron & Steel, Engineering, Chemicals, Handloom, Plastics, Printing & Packaging, Tourism Agriculture: Agri processing, forest based industries Industries: Mining, Minerals, Auto & Auto components, Textiles, Cement, Pharmaceuticals, Minerals, Manufacturing, IT & ITes, Tourism Agriculture: Agriprocessing, Food & beverages Industries: Mining, Minerals, Aluminum, Handloom,Tourism , Electronics, Iron, steel & Ferroalloy
Iron & steel ancillary units Engineering & fabrication Auto components Textiles Casting & metal fabrication
Food processing industries Handloom Handicrafts Textiles Agro & Forest based industries
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
Key facts
Major industries
Major clusters
It is a natural corridor between the wealthy Northern and the prosperous Western states of the country, which makes it an important trade and commerce centre Rajasthan is one of the most attractive tourist destinations in India Rajasthan offers a variety of unexploited agricultural and mineral resources, which is indicative of scope for value addition and exports Rajasthan s GDP growth rate fell from 11% for the year 2010-11 to 5.4% for the year 2011-12 Newly formed state government in Uttar Pradesh is seen as an industry friendly government Government is actively working with Gates foundation, DFID and others The state has witnessed high infrastructural growth , which is seen as a positive facilitator for industrial growth, in the past few years
Agriculture: Agriprocessing Industries: Cement, IT & ITes, Ceramics, Mining, Minerals, Steel, Chemicals, Auto & Auto components, Textiles, Gems & Jewellery, Marble
Ceramics Textiles Marble slates Auto & Auto components Food processing Gems & Jewellery
One of the most needy Low Income state Under the new government , the erstwhile communist state is actively looking for a larger role by the private sector for its growth It has a good geographical advantage due to its proximity with sea ,North east and other landlocked countries
Undulating topography and varied agroclimatic conditions offer vast potential for horticulture and growing a variety of fruits, vegetables, spices, aromatic and medicinal plants, flowers and mushroom Central government is taking up many initiatives to improve infrastructure and other amenities in the state
Agriculture: Agro processing, Food processing Industries: IT & ITes, Ceramics, Mineral based industries, Tourism, Sports goods, Leather based industries, Textiles, Handloom & Handicrafts, Auto & Auto components Agriculture: Tea, Jute products, Agri & Agri allied industries Industries: Mining, Minerals, Petroleum & Petrochemicals, Leather, Iron & Steel, IT, Auto & Auto components, Biotechnology Agriculture: Cane & bamboo, Horticulture Industries: Art & crafts, Weaving, Carpet weaving, Wood carving, Ornaments, Tourism, Saw mills & plywood, Power, Mineral based industries
Engineering equipment Textiles Leather products Auto & Auto components Rice mills Foundry
Engineering equipment Textiles Leather products Auto & Auto components Rice mills Foundry
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
Key facts
Major industries
Major clusters
Assam is the largest economy of the Northeast region and is the most industrially advanced state in the Northeast India Assam is rich in natural resources such as natural oil and gas, rubber, tea, and minerals such as granite, limestone and kaolin The state is rich in water resources. Other potential areas of investment include power and energy, mineral-based industries, tourism and crude oil refining Manipur has significant potential for growing various horticultural crops because of varied agro-climatic conditions A wide variety of rare and exotic medicinal and aromatic plants grow in Manipur and Entrepreneurs get easy access for processing and marketing such plants With 79.8 per cent literacy rate, Manipur offers a largely educated workforce. Good Knowledge of English is an added advantage of the Manipuri workforce Meghalaya is endowed with abundant natural resources in terms of flora, fauna, medicinal plants, forests, coal, lime stone, feldspar, quartz, sillimanite, granite, industrial clay and uranium Meghalaya has a literacy rate of 75.5 per cent and a majority of local population speaks and understands English The state provides good support through various central and State Government agencies
Agriculture: Tea, Food processing, Horticulture, Sericulture Industries: Coal, Oil & Gas, Limestone, Cement, Tourism, Traditional cottage industry
Manipur 27 / 29 14 / 15 in LIS/NES
Agriculture: Food processing, Sericulture Industries: Tourism, Handlooms, Handicrafts, Bamboo processing
Meghalaya 24 / 29 12 / 15 in LIS/NES
Mizoram 25 / 29 13 / 15 in LIS/NES
Mizoram contributes 14 per cent to the countrys bamboo production; the climate is ideal for setting up agricultural and forestry produce-based industries With a literacy rate of 91.6 per cent, Mizoram offers a highly literate workforce. Knowledge of English is an added advantage With improving connectivity and the establishment of trade routes with neighbouring countries, trade facilitation has improved significantly over the last decade
Agriculture: Agro processing, Food processing, Horticulture, Dairy & Livestock Industries: Tourism, Mining, Cement, Steel processing, Handlooms, Handicrafts, Hydroelectric power Agriculture: Bamboo, Sericulture, Food processing, Medicinal plants, Horticulture Industries: Tourism, Energy, IT, Minerals & Stones, Handlooms & Handicrafts
Handicraft Handloom
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
Key facts
Major industries
Major clusters
Nagaland has a high literacy rate of 80.1 per cent. Majority of the population in the state speaks English, which is the official language of the state The state provides institutional support through various central and State Government agencies viz., North East Council, Ministry of Development of North Eastern Region and Nagaland Industrial Development Council Tripura is rich in natural resources such as natural oil and gas, rubber, tea and medicinal plants Tripura is connected with the rest of Northeast India by National Highway (NH)-44. Improved rail, air connectivity and establishment of trade routes have further facilitated the trade At 87.8 per cent, Tripuras literacy rate is higher than the national average rate
Agriculture: Bamboo, Sericulture, Horticulture Industries: Tourism, Handlooms, Handicrafts, Minerals, Mining Agriculture: Tea, Rubber, Bamboo, Sericulture, Medicinal Plants, Horticulture Industries: Natural Gas, IT & ITes, Tourism, Handlooms, Handicrafts
Handicraft Handloom
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
Key indicators across LIS & NES: Access to water and sanitation
% of population with access to improved water sources
Northeastern States (NES)
93 82
Government along with bilateral aid and loans from multilateral development banks loans have created successful PPP models Government of Indias Total Sanitation Campaign (TSC) is operational in 578 rural districts with an outlay of $3.35bn; for each sponsored project, the central govt shares 60% of total cost, while the state and the community contribute 20% each Key policies: JNNURM, National Water Policy & other state policies
81 77 83 95 91
23 17 25 26 60
Arunachal
Assam Manipur 33 75
93
70
89
96
50 80 60
66 98 94
51 India avg.
90 88 87 80 86 76 80 77 44 31 62 32 55 23 53
82
Central government is focusing more on Nuclear Energy & Solar Energy to electrify the un electrified villages and under electrified villages Solar Mission is expected to create more than 100,000 jobs and attract USD 820mn investment Central government has announced taxfree bonds of USD 1.90bn for financing projects related to power sector Key policies: Solar Mission, Electricity Act 2003, Electricity Act During 2006, Revised tariff guidelines, National Biomass Cook stoves Initiatives (NBCI)
Arunachal
Assam Manipur
70
80 69
19
62 25
83 14 79 16
37
67 31 India avg. India avg. NOTE: Solid fuels include biomass fuels, such as wood, charcoal, crops or other agricultural waste, dung, shrubs and straw, and coal.
SOURCE: India Census, 2011
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
Total expenditure on healthcare is expected to increase to $81.2 bn by 2015 To meet domestic demand, India needs $143 bn investments in healthcare by 2030
12.8
5.0
14.1
2.8
Government of India has decided to increase expenditure on healthcare to 2.5% of the GDP by 2017, from the current 1.4% Government allots high priority to proposals related to hospitals, life saving drugs and equipment
Key policies: National Rural Health Mission (NHRM), National Urban Health Mission (NUHM)
10.4
4.5
12.3 9.2
5.3
11.8
6.1 7.4 India avg. India avg. SOURCE: HRH Report I; Public Health Foundation of India; World Bank
By 2020, India needs 800 more universities and 35,000 colleges to meet the demand
64 76 76 90 69 87 61 85 30 12 44 24 41 35 26
58
The sector witnesses spends of more than $10.4 bn, which is estimated to grow at 18.0% annually Key policies: Right to Education Act (RTE), and Foreign Educational Institutions Bill (FEIB) RTE makes access to primary education a fundamental right and mandates 25% reservation for underprivileged students in schools FEIB allows FEIs to setup multidisciplinary campuses and award degrees; it mandates FEIs to invest at least 51% of capital expenditure required and regulates the admission process, fee structure, period of operation
Arunachal Assam
91 76
18 21
77 89 102 97
19 16 14 20
72 India avg.
30 India avg.
SOURCE: UNESCO; CIA Factbook; State Elementary Education Report Card, DISE (2010-11)
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
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NDSC website Coordinated Action on Skill Development, Planning Commission 6 Business Standard, May, 2012 7 NSDC, May, 2011
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
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NRLM Website
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
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Times of India, Jan, 2012 National Innovational Council Website 15 Indian Express, November, 2011
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ADB Inclusive Business Market Study for India and Sri Lanka Draft Report: Annexes
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NABARD website
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