Founder and CEO of India Globalization Capital, Inc. to Present at the 2008 RedChip Small Cap Investor Conference in San Francisco

BETHESDA, Md., May 29 /PRNewswire-FirstCall/ -- India Globalization Capital, Inc. , a company developing infrastructure in India, announced that its founder and CEO, Ram Mukunda, will present at the RedChip Small-Cap Investor Conference on June 5, 2008, at the Palace Hotel in San Francisco. IGC's presentation will begin approximately at 9:20 a.m. in speaker room one.

Mr. Mukunda's presentation will highlight the company's strategies to capitalize on India's rapidly expanding infrastructure sector. India's government expects to spend $475 billion to develop infrastructure over the next four to five years.

The management will also be available for one-on-one meetings with analysts, portfolio managers, investment bankers, brokers and other members of the investment community. Please contact IGC representatives for scheduling details.

A live webcast of IGC's presentation, as well as an archived version of their presentation following the event, will be accessible at http://www.redchip.com/.

The conference takes place from 8 a.m. to 5 p.m. PDT, June 5th, and is free for financial professionals and accredited investors; there is a $150 entrance fee for all others. To register online, visit http://www.redchip.com/ or call 1-800-733-2447, Ext. 127.

About IGC

Based in Bethesda, Maryland, IGC controls two infrastructure companies in India, Sricon Infrastructure Private Limited ("Sricon") and Techni Bharathi Limited ("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.

IGC's operations are based in India with 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, the Indian companies 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 http://www.indiaglobalcap.com/.

About RedChip Companies, Inc.

RedChip Companies is an international, small-cap research and financial public relations firm with offices in Maitland, Florida; Bangalore, India; and Beijing, with affiliates in New York and San Diego. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(TM), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Internet TV(TM), and RedChip Radio(TM). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp.

"Discovering Tomorrow's Blue Chips Today"(TM)

CONTACT: Dhruva Kumar of India Globalization Capital, Inc., +1-301-983-0998, info@indiaglobalcap.com; or Sanford Diday (Investor Relations) of RedChip Companies, Inc., +1-800-733-2447, Ext. 115, info@redchip.com

Web Site: http://www.indiaglobalcap.com/ http://www.redchip.com/ http://www.sec.gov/

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