Forbes india | Steve Forbes | Forbes Magazine | Forbes launches in India

Forbes india | Steve Forbes | Forbes Magazine | Forbes launches in India

Magazine : Announced Forbes India Edition; will Publish by TV18

People of India are all set to taste Forbes’s local issue. The world-renowned magazine Forbes would start publishing its first Indian issue this month. Forbes initiative shows India’s growing stature despite the great recession. India is least affected by the meltdown and companies, which are feeling the heat in the US; have to start their Indian ventures. It shows the importance of India for the world.

TV18 India Ltd has received the requisite license from the ministry of information and broadcasting to publish the Indian edition of Forbes magazine, according to a person familiar with the situation. The magazine will hit newsstands by the third week of May.

TV18, part of Raghav Bahl-promoted Network18 Group, entered into an agreement with Forbes Media in December 2007 to launch a business magazine for the Indian market. In December 2008, the government issued new guidelines allowing Indian editions of foreign magazines. American designers Walter Bernard and Milton Glacer have designed Forbes India.

and finally, Forbes magazine will be launches in India on Thursday.

Forbes, the international business magazine, launches in India today. Steve Forbes, the magazine's Editor-in-Chief, said he was excited to be in India, especially after the outcome of the general elections. “I would like to say that we timed this just precisely for the [election] uptick,” he said.

“Clearly India’s future is enormous even though we are in a global slowdown right now, we will eventually recover and India will be part of that global recovery,” Forbes said, adding, “India will be one of the global leaders after the financial crisis ends.”

Forbes launches in India in collaboration with the Raghav Bahl-promoted Network18 group. Raghav Bahl, Managing Director, Network18, said Forbes will define a higher niche for the business readership segment. “We don’t believe there exists a brand, which can match it (Forbes) either in content, positioning or in the values that it brings. It will occupy a space of itself. It will expand the market as well but within the existing publications, it will occupy its own space,” Bahl said. He added, I think it will define a much higher niche of the business readership segment because we just don’t believe there exists a brand which can match it either in content, in its positioning or in the values that it brings. So we do believe that it will occupy a space of itself. We do believe it will expand the market as well but within the existing publications perhaps it will occupy its own space.