India Globalization Capital, an infrastructure and materials company in India, says that recent movement in Indian markets are good for the company.

India Globalization Capital's operations throughout India and says that it will directly benefit from India's planned spending of nearly $500 billion in the next five years and nearly $1.5 trillion over the next decade, numbers mutually exclusive of any additional infrastructure spending contemplated in the stimulus package recently passed by India's newly elected congress.

"Our timing and market positioning within key private and government spending market segments will positively impact our company now and well into the future," says Ram Mukunda, CEO of India Globalization Capital.”

Recently, India's stock market has soared to a 10-month high. May's elections, which ushered in India's pro-market centrist party, doing away much of India's Communist Party (the faction that opposed most of the economic reforms in recent years), can be seen as one of the primary factors shaping the market move, the company says. This and a robust run in stocks has been driven by signs of tentative economic recovery brought about by India's robust stimulus package.

"As testament to our strategic objectives and tactical goals being accomplished, it is worth noting that EPFR Global, an international fund tracking firm, found that global investors pumped more than $199 million into India-focused equity funds in the first week of June—the highest sum in the last 55 weeks," Mukunda says. "We, along with numerous market analysts, believe that India's market is headed higher still. For instance, analysts Nischal Maheshwari at Edelweiss Securities recently said, 'The rally is driven by high liquidity and rising expectations of government stimulus bringing growth back on track.' And just this week, Ernst & Young told the International Business Times, 'Private investment to build India's infrastructure will top $101.8 billion by 2012,' with some of the most attractive ventures mention being infrastructure projects such as building roads, highways, and ports. In February, the International Business Times also reported that Citigroup, Blackstone, Infrastructure Development Finance Company Ltd, and India Infrastructure Company launched a $5 billion infrastructure fund to address the massive demand for these projects nationwide, a testament to the true potential of finding significant value by investing in the right Indian market segments."