Tuesday, May 20, 2008

India Global Capitalization, Inc. Wins Three New Quarry Licenses; Expects Annual Revenue From Quarries Between $9M to $10M

Monday May 19, 1:52 pm ET

IGC is capitalizing on construction growth opportunities in India with expansion of its mining and quarrying business.

BETHESDA, Md., May 19 /PRNewswire-FirstCall/ -- India Globalization Capital, Inc. (AMEX: IGC) changes in the exchange rate between the US dollar and the Indian Rupee. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Other factors and risks that could cause or contribute to actual results differing materially from such forward looking statements have been discussed in greater detail in the company's definitive proxy statement and supplement filed with the SEC and incorporated by reference into the Form S-3.

For Further Information, Contact:
RedChip Companies, Inc.
500 Winderley Place, Suite 100, Orlando, FL 32751,
(800) 733-2447,Fax: (407) 644-0758,
info@redchip.com

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