ATLANTA, April 15, 2010 (GLOBE NEWSWIRE) -- OTC Stock Review and Amex Review announce coverage of India Globalization Capital, Inc. (NYSE Amex:IGC), headquartered in Bethesda, MD.
India Globalization Capital, Inc. builds highways, airports, hydroelectric and irrigation projects, factories, bridges, ports, jetties, and commercial complexes in India. Since India is one of the fastest growing emerging market economies, in our opinion, the stock could be a great buy for investors.
IGC is a materials and construction company offering civil construction of roads and highways, the construction and maintenance of high temperature cement and steel plants, operations and supply of rock aggregate, and the export of iron ore to China. Present and past clients include various Indian government organizations and steel mills in China. In our opinion, this offers some diversification among industries and offers investors an opportunity to benefit from India's rapid growth.
As is the case in any expanding economy, the Indian government has confirmed plans to modernize the Indian Infrastructure. It expects to spend around $22 billion in the next 12 months on roads and highways. In our opinion, these initiatives will continue to be favorable to IGC's business.
The complete report is available at http://www.otcstockreview.com/Files/IGC/IGC_Review.pdf.
Additionally, more information on India Globalization Capital, Inc. is available at http://www.indiaglobalcap.com.
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