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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)

PHOENIX INDIA ACQUISITION CORP.

(Name of Issuer)

COMMON STOCK, PAR VALUE $0.0001 PER SHARE

(Title of Class of Securities)

71907X102

(CUSIP Number)

OCTOBER 31, 2008

(Date of event which requires filing of this statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o		Rule 13d-1(b)

þ		Rule 13d-1(c)

o		Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the notes).

Page 1 of 11 Pages


CUSIP No.		71907X102	13G	Page		2		of		11 Pages


1	NAMES OF REPORTING PERSONS Integrated Core Strategies (US) LLC


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
	(a) o
	(b) þ

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	Delaware

		5	SOLE VOTING POWER

NUMBER OF			-0-

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			706,000

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			-0-

WITH		8	SHARED DISPOSITIVE POWER

			706,000

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	706,000

10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES **

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	7.9%

12	TYPE OF REPORTING PERSON **

	OO

** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No.		71907X102	13G	Page		3		of		11 Pages


1	NAMES OF REPORTING PERSONS Millenco LLC


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
	(a) o
	(b) þ

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	Delaware

		5	SOLE VOTING POWER

NUMBER OF			-0-

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			-0-

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			-0-

WITH		8	SHARED DISPOSITIVE POWER

			-0-

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	-0-

10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES **

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	0.0%

12	TYPE OF REPORTING PERSON **

	OO, BD

** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No.		71907X102	13G	Page		4		of		11 Pages


1	NAMES OF REPORTING PERSONS Millennium Management LLC


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
	(a) o
	(b) þ

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	Delaware

		5	SOLE VOTING POWER

NUMBER OF			-0-

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			706,000

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			-0-

WITH		8	SHARED DISPOSITIVE POWER

			706,000

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	706,000

10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES **

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	7.9%

12	TYPE OF REPORTING PERSON **

	OO

** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No.		71907X102	13G	Page		5		of		11 Pages


1	NAMES OF REPORTING PERSONS Israel A. Englander


2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
	(a) o
	(b) þ

3	SEC USE ONLY



4	CITIZENSHIP OR PLACE OF ORGANIZATION

	United States

		5	SOLE VOTING POWER

NUMBER OF			-0-

SHARES		6	SHARED VOTING POWER
BENEFICIALLY
OWNED BY			706,000

EACH		7	SOLE DISPOSITIVE POWER
REPORTING
PERSON			-0-

WITH		8	SHARED DISPOSITIVE POWER

			706,000

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

	706,000

10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES **

	o

11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

	7.9%

12	TYPE OF REPORTING PERSON **

	IN

** SEE INSTRUCTIONS BEFORE FILLING OUT!


CUSIP No.		71907X102	13G	Page		6		of		11 Pages

Explanatory Note:

This amendment is being filed to (i) report the transfer of 706,000 shares held by Millenco LLC to Integrated Core Strategies (US) LLC, each of which is wholly-owned by the same entity, as a result of which Integrated Core Strategies (US) LLC may be deemed to beneficially own those shares of Common Stock and (ii) to report other changes as set forth in this filing. See Item 4(a) for a description of these entities

Item 1.

(a)		Name of Issuer

		Phoenix India Acquisition Corp., a Delaware corporation (the “Company”).

(b)		Address of Issuer’s Principal Executive Offices:

		590 Madison Avenue, 6^th Floor New York, New York 10022

Item 2(a). Name of Person Filing

Item 2(b). Address of Principal Business Office

Item 2(c). Citizenship

Integrated Core Strategies (US) LLC
c/o Millennium Management LLC
666 Fifth Avenue
New York, New York 10103
Citizenship: Delaware

Millenco LLC
666 Fifth Avenue
New York, New York 10103
Citizenship: Delaware

Millennium Management LLC
666 Fifth Avenue
New York, New York 10103
Citizenship: Delaware

Israel A. Englander
c/o Millennium Management LLC
666 Fifth Avenue
New York, New York 10103
Citizenship: United States

(d)		Title of Class of Securities

		common stock, par value $0.0001 per share (“Common Stock”)

(e)		CUSIP Number

		71907X102

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b), check whether the person filing is a:


(a)		o		Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o).


CUSIP No.		71907X102	13G	Page		7		of		11 Pages


(b)	o	Bank as defined in Section 3 (a) (6) of the Act (15 U.S.C. 78c).

(c)	o	Insurance company as defined in Section 3 (a) (19) of the Act (15 U.S.C. 78c).

(d)	o	Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)	o	An investment adviser in accordance with Rule 13d-1(b) (1) (ii) (E);

(f)	o	An employee benefit plan or endowment fund in accordance with Rule 13d-1(b) (1) (ii) (F);

(g)	o	A parent holding company or control person in accordance with Rule 13d-1(b) (1) (ii) (G);

(h)	o	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)	o	A church plan that is excluded from the definition of an investment company under Section 3 (c) (14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)	o	Group, in accordance with Rule 13d-1(b) (1) (ii) (J).

Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)

Amount Beneficially Owned

As of the date of this filing, Integrated Core Strategies (US) LLC, a Delaware limited liability company (“Integrated Core Strategies”) is the beneficial owner of 706,000 shares of Common Stock.

Also, as of the date of this filing, Millenco LLC, a Delaware limited liability company (“Millenco”) has ceased to be the beneficial owner of any shares of Common Stock.

Millennium Management LLC, a Delaware limited liability company (“Millennium Management”), is the general partner of Integrated Holding Group LP, a Delaware limited partnership (“Integrated Holding Group”), which is the managing member of Integrated Core Strategies and consequently may be deemed to have shared voting control and investment over securities owned by Integrated Core Strategies. Israel A. Englander (“Mr. Englander”) is the managing member of Millennium Management. As a result, Mr. Englander may be deemed to have shared voting control and investment discretion over securities deemed to be beneficially owned by Millennium Management. The foregoing should not be construed in and of itself as an admission by Millennium Management or Mr. Englander as to beneficial ownership of the shares owned by Integrated Core Strategies.

(b)

Percent of Class

7.9% of the Company’s Common Stock (see Item 4(a) above), which percentage was calculated based on 8,966,796 shares of Common Stock outstanding as June 30, 2008, as reported by the Company on its Form 10-Q, dated September 19, 2008.


CUSIP No.		71907X102	13G	Page		8		of		11 Pages

(c)

Number of shares as to which such person has:

	(i)		Sole power to vote or to direct the vote:

			-0-

	(ii)		Shared power to vote or to direct the vote

			706,000

	(iii)		Sole power to dispose or to direct the disposition of

			-0-

	(iv)		Shared power to dispose or to direct the disposition of

			706,000

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following þ.

See Item 4(a).

Item 6. Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company

Not applicable.

Item 8. Identification and Classification of Members of the Group

See Exhibit I.

Item 9. Notice of Dissolution of Group

Not applicable.

Item 10. Certification

By signing below each of the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

Exhibits:

Exhibit I: Joint Filing Agreement, dated as of November 7, 2008, by and among Integrated Core Strategies (US) LLC, Millenco LLC, Millennium Management LLC and Israel A. Englander.


CUSIP No.		71907X102	13G	Page		9		of		11 Pages

SIGNATURE

After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information with respect to it set forth in this statement is true, complete, and correct.

Dated: November 7, 2008


		INTEGRATED CORE STRATEGIES (US) LLC

		By:		Integrated Holding Group LP, its managing member

		By:		Millennium Management LLC, its general partner

		By:		/s/ David Nolan
				Name: David Nolan
				Title: Co-President

		MILLENCO LLC

		By:		/s/ Mark Meskin
				Name: Mark Meskin
				Title: Chief Executive Officer

		MILLENNIUM MANAGEMENT LLC

		By:		/s/ David Nolan
				Name: David Nolan
				Title: Co-President

		/s/ Israel A. Englander by David Nolan pursuant to Power of Attorney filed with SEC on June 6, 2005
		Israel A. Englander


CUSIP No.		71907X102	13G	Page		10		of		11 Pages

EXHIBIT I

JOINT FILING AGREEMENT

This will confirm the agreement by and among the undersigned that the Schedule 13G filed with the Securities and Exchange Commission on or about the date hereof with respect to the beneficial ownership by the undersigned of the shares of Common Stock, par value $0.0001 per share, of Phoenix India Acquisition Corp., a Delaware corporation, will be filed on behalf of each of the persons and entities named below in accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Dated: November 7, 2008


		INTEGRATED CORE STRATEGIES (US) LLC

		By:		Integrated Holding Group LP, its managing member

		By:		Millennium Management LLC, its general partner

		By:		/s/ David Nolan
				Name: David Nolan
				Title: Co-President

		MILLENCO LLC

		By:		/s/ Mark Meskin
				Name: Mark Meskin
				Title: Chief Executive Officer

		MILLENNIUM MANAGEMENT LLC

		By:		/s/ David Nolan
				Name: David Nolan
				Title: Co-President

		/s/ Israel A. Englander by David Nolan
		pursuant to Power of Attorney filed with SEC on June 6, 2005
		Israel A. Englander