IndiaPost_june-25-2010

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Warren Anderson

Bhopal activists in NY try to serve warrant on Warren Details on page 9

Andhra student found dead in Texas lake Details on page 17

Indian youth killed in road accident

VOL 15, No. 824

June 25, 2010

50¢

Periodical Postage

INDIA INC. CREATES 50,000 JOBS IN U.S.

SRIREKHA CHAKRAVARTY India Post News Service

NEW YORK: Debunking the popular perception that India is taking away American jobs, a new study shows that India Inc. has made $21 billion worth of acquisitions and $5.5 billion worth of greenfield investment in the US creating more than 50,000 jobs in this country in the last five years. The report of a latest study undertaken by the IndiaUS World Affairs Institute, in association with the Robert H. Smith School of Business, University of Maryland, and the Federation of Indian Chambers of Commerce & Indus-

try (FICCI), released June 15in Washington D.C., shows that during 2004-2009, 239 Indian companies made 372 acquisitions in the United States. The deal value for only 267 of these transactions was $21 billion, or $78.7 million per acquisition. During the same period, 90 Indian companies made 127 greenfield investments worth $5.5 billion, and created 16,576 jobs in the United States. The top three destination states for greenfield investments were Minnesota, Virginia, and Texas, in that order. However, the top three states in terms of jobs created were Ohio, Texas, and California.

Indian MPs at Yale leadership program Details on page 8

IT firm sues Feds for changing H1B policy Details on page 45

Kean University launches Hindi, India programs Details on page 13

Details on page 6

Chicago FIA welcomes & thanks AAHOA

Details on page 17

Details on page 14

US distributor sues Mahindra & Mahindra Details on page 42

Rahman hits home with sold out concert

NRIs investing in India in a big way

Details on page 25 Barry Bhangoo (India born US citizen, on right) being dragged out of his car and beaten in this video grab from CCTV installed in the GK-II market, Delhi

‘Anderson was assured 'safe passage' by govt’

California-based CEO attacked in Delhi Police trying to protect highly connected culprits

Details on page 42

CONTENTS Bollywood ---------------------- 40-41 Classifieds ------------------------- 51 Community Post -------------- 13-23

Details on page 44

KRISHAN SHARMA & VINOD DHAWAN India Post News Service

INDIA POST SURVEY survey@indiapost.com This week’s question

Should Barry Bhangoo continue his fight for justice? Last week’s result

Are Andhra students more accident prone? YES 73%

NO 27%

NEW DELHI: Beaten up nearly to death by a group of highly-connected youths, Barry Bhangoo, CEO of a US-based software company now visiting India, has taken up the fight against the system in India at great risk to his own life and that of his family. Barry received a hemorrhage and a slip disc in the assault and doctors said it might have led to paralysis. The incident in Greater Kailash-II, a South Delhi market, has drawn the ire of

many bloggers and the support for his single-handed fight is growing. Forty-five year old US citizen Barry runs software company Oystersoft (http://www.oystersoft.com) from Berkeley, CA. These days he is running it from Delhi as he is visiting his mother after his father expired a few years ago. Barry says his attackers from a group of 10 revelers were led by Maninder Singh, owner of Siroco Club in Vasant Vihar and Jeevesh Sabharwal, owner of Shivam Estates who also has shares in 5 Star Hotels, including Radisson. Details on page 7

Date Book -------------------------- 50 Edit Page --------------------------- 53 HealthScience Post --------- 37-39 Horoscope ------------------------- 48 Immigration Post ------------- 45-47 India ---------------------------------- 44 Life Style ----------------------- 25-31 Philosophy ------------------------- 52 Publisherís Diary ------------------ 4 Real Estate ------------------------ 49 TechBiz Post ------------------- 42-43 Travel & Hospitality Post ---- 32-34

Certified by “CIRCULATION VERIFICATION COUNCIL Readership 117,765”


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