Exhibit 99.1

               THE ASIA TIGERS FUND, INC. AND THE INDIA FUND, INC.
         ANNOUNCE THAT THE INDEPENDENT DIRECTORS HAVE DETERMINED NOT TO
       RENEW INVESTMENT ADVISORY AGREEMENTS WITH ADVANTAGE ADVISERS, INC.
                AND IMPERIAL INVESTMENT ADVISORS PRIVATE LIMITED


     NEW YORK, September 19, 2005 -- The Asia Tigers Fund, Inc. and The India
Fund, Inc. (the "Funds") announced today that the independent directors have
determined not to renew the Funds' investment advisory agreements with Advantage
Advisers, Inc., the current investment adviser to each of the Funds, or the
country advisory agreement with Imperial Investment Advisors Private Limited,
country adviser to The India Fund, Inc., beyond their December 4, 2005
expiration dates. Advantage Advisers, Inc. and Imperial Investment Advisors
Private Limited are affiliates of Oppenheimer & Co. Inc. The independent
directors intend to enter into investment advisory and administration
arrangements for the Funds with The Blackstone Group. The independent directors
anticipate that Punita Kumar-Sinha, the Funds' portfolio manager for the last
eight years, will continue as portfolio manager under new arrangements with The
Blackstone Group.

     The Asia Tigers Fund, Inc. is a closed-end management investment company
that seeks long-term capital appreciation by investing primarily in Asian equity
securities and is traded on the New York Stock Exchange under the trading symbol
"GRR." The India Fund, Inc. is a closed-end management investment company that
seeks long-term capital appreciation by investing primarily in Indian equity
securities and is traded on the New York Stock Exchange under the trading symbol
"IFN."

     This press release may contain statements regarding plans and expectations
for the future that constitute forward-looking statements within the Private
Securities Litigation Reform Act of 1995. All statements other than statements
of historical fact are forward-looking and can be identified by the use of words
such as "may," "will," "expect," "anticipate," "estimate," "believe," "continue"
or other similar words. Such forward-looking statements are based on the Funds'
current plans and expectations, and are subject to risks and uncertainties that
could cause actual results to differ materially from those described in the
forward-looking statements.




Additional information concerning such risks and uncertainties are contained in
the Funds' filings with the Securities and Exchange Commission.

Contact:

Questions for the independent directors may be directed to Frank P. Bruno, Esq.,
of Sidley Austin Brown & Wood LLP, at (212) 839-5540.


                                        2