<SUBMISSION>
<ACCESSION-NUMBER>0001209191-06-017697
<TYPE>3
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20060302
<FILING-DATE>20060315
<DATE-OF-FILING-DATE-CHANGE>20060315
<ISSUER>
<COMPANY-DATA>
<CONFORMED-NAME>India Globalization Capital, Inc.
<CIK>0001326205
<ASSIGNED-SIC>6770
<IRS-NUMBER>202760393
<STATE-OF-INCORPORATION>MD
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<BUSINESS-ADDRESS>
<STREET1>4336 MONTGOMERY AVENUE
<CITY>BETHESDA
<STATE>MD
<ZIP>20814
<PHONE>301-983-0998
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>4336 MONTGOMERY AVENUE
<CITY>BETHESDA
<STATE>MD
<ZIP>20814
</MAIL-ADDRESS>
</ISSUER>
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>MUKUNDA RAM
<CIK>0001047575
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>3
<ACT>34
<FILE-NUMBER>001-32830
<FILM-NUMBER>06687141
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>10411 MOTOS CITY DRIVE
<CITY>BETHESDA
<STATE>MD
<ZIP>20817
</BUSINESS-ADDRESS>
</REPORTING-OWNER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>boc03485_01rm.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2006-03-02</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001326205</issuerCik>
        <issuerName>India Globalization Capital, Inc.</issuerName>
        <issuerTradingSymbol>IGC</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001047575</rptOwnerCik>
            <rptOwnerName>MUKUNDA RAM</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1></rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity></rptOwnerCity>
            <rptOwnerState></rptOwnerState>
            <rptOwnerZipCode></rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President and CEO</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1283334</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>425000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Includes 425,000 shares owned by Mr. Mukunda's wife, Parveen Mukunda</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Common Stock Warrants (Right to Purchase)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>5.00</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2011-03-03</value>
                <footnoteId id="F3"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>66668</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">33,334 of the shares of common stock and the 66,668 warrants are included within 33,334 units of India Globalization Capital, Inc. (the &quot;Company&quot;) purchased by the reporting person in a private placement. Each warrant entitles the reporting person to purchase one share of the Company's common stock.</footnote>
        <footnote id="F2">The warrants will become exercisable the later of: (i) the completion by the Company of a business combination with a target business; and (ii) March 3, 2007.</footnote>
        <footnote id="F3">The warrants are redeemable prior to expiration by the Company at a price of $.01 per warrant at any time after warrants become exercisable provided that: (i) the Company redeems all outstanding warrants, (ii) the Company provides warrantholders with a minimum of 30 days' prior written notice of redemption and (iii) the last sales price of the Company's Common Stock equals or exceeds $8.50 per share for any 20 trading days within a 30 day trading period ending three business days before the Company sends the notice of redemption.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Ram Mukunda</signatureName>
        <signatureDate>2006-03-09</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
