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India Globalization Capital to Present at the Maxim Group Growth Conference

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India Globalization Capital to Present at the Maxim Group Growth Conference

BETHESDA, Md., Oct. 3 /PRNewswire-FirstCall/ -- India Globalization Capital, Inc. (Amex: IGC), (Amex: IGC.WS), (Amex: IGC.U), a company developing infrastructure in India, announced today that Ram Mukunda, Founder and Chief Executive Officer, will present at the Maxim Group Growth Conference in the Grand Hyatt New York Hotel in New York City on Tuesday, October 7, 2008 at 3:00 p.m. ET.

The Maxim Group Growth Conference will feature interactive presentations from over 80 companies, as well as one-on-one meetings with executives from the Healthcare, Technology, Shipping/Transportation and Emerging Growth Sectors. Attendees will include securities analysts, fund managers and institutional investors.

About IGC

Based in Bethesda, Maryland, IGC operates through two infrastructure companies in India -- Sricon Infrastructure Private Limited ("Sricon") and Techni Bharathi, Limited ("TBL"). IGC owns sixty-three percent of Sricon and seventy-seven percent of TBL. IGC has three core competencies: 1) Highway and other heavy construction, 2) Mining & quarrying and 3) Civil construction and engineering of high-temperature plants. The Company's medium term plans are to expand each of these lines of business.

Most of IGC's operations are based in India. The company has offices in Maryland, Mauritius, Nagpur, Cochin, Delhi and Bangalore. Copies of the Form S-3 and IGC's other filings with the SEC containing information about IGC, our Indian operations and other relevant documents, are available at no charge at the SEC's Internet site (http://www.sec.gov). For more information about IGC, visit the company's web site at www.indiaglobalcap.com.

About Maxim Group

Maxim Group is a full-service investment banking, securities and investment management firm headquartered in New York. The Firm provides an array of financial services including: investment banking, equity research, private wealth management, structured products, and global institutional equity, fixed-income and derivative sales & trading to a diverse range of corporate clients, institutional investors and high net worth individuals. For additional information, please visit http://www.maximgrp.com.

Forward-Looking Statements:

This press release may contain forward-looking statements. These statements reflect management's current views and are subject to risks and uncertainties that could cause actual results to differ materially from those projected, expressed or implied in these statements. Factors, which could cause actual results to differ, relate to: (i) the ability of the parties to successfully win new contracts, execute on contracts and business plan, (ii) our ability to raise additional capital and the structure of such capital including the exercise of warrants, and (iii) changes in the exchange rate between the U.S. 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.

SOURCE India Globalization Capital, Inc.

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