India Business News from www.indianembassy.org.sa

	Embassy of India, Riyadh	Volume 1, Issue 1 ♦ November 2004
	India Biz News
www.indianembassy.org.sa			- A snapshot of India’s economic scene
*Think big, create Brand India: President of India, Dr Abdul Kalam*			*India, EU enter into new strategic partnership*
New Delhi, Nov. 14: The President of India, Dr A.P.J. Abdul Kalam, urged the industry "to think big with the whole world as our market by developing a strong and interactive technology-market-value adding competitive linkage". In a keynote address on Sunday, November 14, 2004 at the inauguration of 24th India International Trade Fair (IITF) 2004, on "creating brand institutions", Dr Kalam said that such a linkage would be a great resurgence for our manufacturing, marketing and maintenance services. Exhorting the Indian industry to become multinationals, the President said "We can win if we think we can win and act tenaciously with our clear goals in India to excel in a competitive new world and create India Brand". Dr Kalam said IITF could be the unique window of knowledge for smart and intelligent minds to understand the strength of competitiveness. As technology powers the competitiveness, he said, the country could choose an integrated technology-driven path. The President also proposed the wider use of a slew of innovative technologies and enterprises such as application of information, communication technologies in agriculture, rural lighting through solar energy and electricity generation through municipal waste for rural prosperity. He urged the Indian industry to convert these areas into solid business propositions. *India rated among top three most attractive markets globally for Investment* India emerged as one of the top three most preferred locations for foreign direct investment worldwide, in the latest annual survey of world's largest companies by global management consulting firm A.T. Kearney. For the first time in the Index, India displaced the U.S. to become the second most attractive FDI location among manufacturing investors. Telecom & utility investors upgraded India from fifth to second most attractive FDI destination. India’s strong performance among manufacturing and telecom & utility firms was driven largely by their desire to make productivity-enhancing investments in IT, business process outsourcing, research and development, and knowledge management activities. The report says that India is increasingly perceived as a R&D hub for a wide range of industries. A “wired” India has played to its strength which is a well-educated, IT savvy workforce with English-language proficiency.			The Hague, Nov 8. (PTI): Taking their relationship to a new "Strategic Partnership" that seeks to expand bilateral trade and investment flows, India and the European Union condemned all acts of terrorism and pledged to take comprehensive and sustained measures to combat the mena-ce. "We stress that further strengthening cooperation in com-bating terrorism is a priority area for EU-India Action Plan for a Strategic Partnership that will seek to deepen theinternational consensus and enhance international efforts to combat terrorism," a joint statement issued at the end of the India-EU summit attended by Prime Minister Manmohan Singh said. A comprehensive state-ment issued after Singh's summit meeting with Dutch Prime Minister Jan Peter Balkenende, the current EU President, and European Commission President Roman Prodi observed that the partnership was based on a "sound foundation" of shared values and beliefs. It said that both sides would encourage holding of regular, institutionalized exchanges between the Indian and European Parliaments. "We agree to intensify cooperation and take action to facilitate and expand bilateral trade and investment flows, given the importance of realising the potential of growing India and EU markets and the mutual benefits of increased economic interaction," it said *Forex reserves cross $121-bn mark* India's foreign exchange reserves rose to a record $121.18 billion on October 29, said the Reserve Bank of India in its latest report. It is expected that the accretion to the foreign exchange reserves would add greater momentum to bolder economic reforms and translate into higher levels of investment and growth. The surge in forex reserves level was noteworthy as it has been through non- debt creating inflows. Strong FII inflows, coupled with the increase in banking capita. As a result of historic growth in forex reserves, India had started prepaying foreign loans and retiring high cost foreign debt since last year. India had, for the first time, become a lender to IMF during year 2003.
*International patients turn to Indian hospitals* India's private health facilities which offer Quality service at reason-able cost are now attracting medical tourists from abroad. An advanced surgery in India is 10-15 times lower than anywhere in the world. For instance, British patients looking for speedier treatment at a fraction of the cost of going private in Britain are increasingly attracted to leading Indian hospital chains such as Apollo. These patients travel to India, get operated upon or receive the appropriate treatment within a day of landing and return to Britain at an affordable cost. A latest example is of James Campbell from Aberdeenshire, who feels he got his life back after undergoing operations on his knees in Ahmedabad recently. An arthritic, Campbell, 69, made the journey to India rather than wait two years for treatment on the National Health Service. He could no longer face the crippling pain in his knees, he said. Returning home, Mr. Campbell said: "It's the best thing I've ever done. I've finally got my life back. I was treated like royalty in the hospital over there. The staff and facilities were absolutely second to none. The place was so clean you could have eaten food off the floor”. The former shop manager said: "Flying over there for treatment may sound daunting to people but it's something I would highly recommend. ”Making that journey has allowed me to make the most of my retirement, instead of spending time cooped up in the house waiting for an operation," said the British citizen.			*India is the land of IT opportunity, says* Fortune Despite the small revenue they earn compared to their global competitors like Accenture and IBM, Indian IT services companies led by TCS, Infosys and Wipro have caught the attention of top infotech companies, said a recent issue of Fortune. The article said that the genesis of Indian IT services industry led by TCS, Infosys and Wipro was outsourcing, and outsourced jobs were coming up in every major Indian city. "They (the big IT companies) have the advantage of stronger brands. We are working on that. But they have no experience with the global delivery model, we are masters at it," the magazine quoted Bangalore-based Wipro chairman Azim Premji as saying. Terming India as a 'land of opportunity', Fortune said that in Mumbai there would be about 62,050 outsourcing and IT workers focussing on financial research, back office, software led by Morgan Stanley, TCS, Citigroup, Mphasis and i-Flex Solutions. In Delhi, there would be about 73,000 IT professionals of Indian companies doing both captive and outsourcing jobs where the focus is call centres, transaction process-sing, ship design and software spearheaded by GE, American Express, ST Microelectronics, Wipro Spectramind, Convergys and Daksh. The hot spot Bangalore has the highest number of IT professionals at 1,09,500 working for Intel, IBM, SAP, SAS, Dell, Cisco, Texas Instrument, Motorola, HP, Oracle, Yahoo, America Online, Accenture, Wipro, Infosys and Msource. Bangalore focuses on chip design, software, bio-informatics, call centres, tax processing and IT consulting, the magazine said.Chennai, with its 51,000 IT professionals is focusing on software, transaction processing, animation, and World Bank, Standard Chartered, Cogizant, Polaris, EDS, Pentamedia Graphics are operating from there. Hyderabad has 36,500 IT workers working for HSBC, Satyam, Microsoft. These companies along with others are undertaking works like product design, back office and software. On the other hand, Kolkata with its 7300 infotech populace is undertaking high-end work like consulting and software. PwC, IBM, TCS, ITC Infotech have got base there. Pune is another city bristling with IT activity with chip design, embedded software and call centres, Fortune said.
*State of the Indian economy: Manufacturing boom & India's growth* India's industrial production is on a roll. It grew 7.9% in August ’04 on the back of a more than 8% expansion of manufacturing output, sustaining the growth momentum seen over the year. The outlook for the Indian economy remains moderately optimistic and the growth rate picked up to 8.9% in July from 7.9% in June 2004. Everybody who loves the Indian economy loves to talk about breaking the 8% growth per annum barrier. And they talk about how services will fuel India’s economic growth.

India Economic Summit 2004

Venue: New Delhi

Date: December 5-7, 2004

The format will be interactive! All sessions of the Summit will be held in English.

For more details, please contact :

Ms A V Rajamany

Confederation of Indian Industry

Email: a.v.rajamany@ciionline.or

The World Economic Forum and the Confederation of Indian Industry (CII) are organizing 20th India Economic Summit to provide an insider’s view of the future course of this dynamic country. The programme will provide strategic insight to major investors and trade partners on investment opportunities and policy reforms.

Trade Fairs in India: Calendar of Events- 2004-2005

Fair

Products

Organizer

Pharmaceutical Expo 2004

Kolkata

3-5 December 2004

Drugs & Pharmaceuticals

Federation of Indian Chambers of Commerce and Industry( FICCI)

Tel: +91 11 23738760-70

Fax: +91 11 23320714

www.ficci.com / www.indiachem2002.com

6^th Agro Tech Chandigarh, India

December 3- 6, 2004 .

India’s Premier Biennial Agro Technology Fair

agricultural products dairy, poultry, fruits and vegetable, machinery , equipment and technology

Confederation of Indian Industry

Mr Parminder S Bakshi
Tel: 91-172-607228,666517-20
Fax: 91-172-606259

parminder.bakshi@ciionline.org

INDIA-ITME 2004

, Mumbai

December 4-11,2004

India International Textile Machinery Exhibition

Mr. C. V. Radhakrishnan,ED. India ITME Society,

Tel : 91-22-22020032/2282 8138

Fax: 91-22-2285 1578, 2281 6508

contact@india-itme.com,

Web: http://www.india-itme.com

IT India Fair 2004

New Delhi

15-18 December 2004

Information Technology

India Trade Promotion Organisation
General Manager (Marketing),
Tel. : 91-11-23371390/1822
Fax: 91-11-23371874
mail: sraghavan@itpo-online.com
ppy@itpo-online.com

www.indiatradepromotion.org

Print Pack India' 2005

Pragati Maidan, New Delhi

January 18-23, 2005

Machines & equipment for sheet and web offset, flexo, rotogravure, silk screen & label printing; DTP, CTP, Plate making systems, ; Paper cutting, book block making, case & book bind, foiling, die-cutting, crea-sing, slitting & rewinding machines, Corrugating, rotary cutting, card-board printing & box stitching machines etc

India Trade Promotion Organisation and

Indian Printing Packaging and Allied Machinery Manufacturing Association (IPAMA)

Mr. Amrit Singh, DGM
India Trade Promotion Organisation (ITPO)

Tel. : 91-11-2337-1582,
Fax: 91-11-2337-1459 E-Mail:as@itpo.online.com

INDIA INTERNATIONAL LEATHER FAIR 2004

Chennai Trade Centre

31 January - 4 February,2005

Finished leather, Shoes; Shoe components - uppers, soles, heels, counters, lasts; Leather garments; Fashion accessories; Leather goods-travel ware, belts, gloves, portfolios, hand bags and wallets; Saddlery and harness; Machinery and equipment for leather tanning, shoe making , dryers, stitching & sewing machines; finishing leather chemical, effulent treatment, and Consultancy services..

India Trade Promotion Organisation

India Stone Mart 2005-

3rd International Stone Industry Exhibition, Jaipur (Rajasthan)

January 28- February 1, 2005

Manufacturers & suppliers of stone-related machineries & equipment, stone - related tools, consumables material handling equipment ,allied quarrying/ mining equipment; Testing & Standardisation organizations; Consultancy organizations; stone quarry owners and Processors.

Federation of Indian Chambers of Commerce and Industry( FICCI)

and

Centre for Development of Stones (CDOS)
RIICO Wing,
Udyog Bhawan, Tilak Marg
Jaipur -302005
Rajasthan, India.
Tel:+91-141-2227199, 5102032
Fax:+91-141-5104804

Website: www.cdos-india.com

16^th International Engineering & Technology Fair (IETF) 2005

9-12 February 2005

New Delhi

A biennial showcase of all that is current and also all that the world can expect from India, providing unique opportunities for networking with the who's who of government and business in India.

Confederation of Indian Industry (CII)

Trade Fair Department, 249 F

Sector 18, Phase 4

Gurgaon – 122 015 (Haryana)

Tel : +91 124 25014060

Fax : +91 124 25014080

AAHAR - International Food Fair, Pragati Maidan, New Delhi

March 04-08, 2005

Processed foods, processing, packing and refrigeration machinery, agricultural products, hotel, restaurant equipment and supplies

India Trade Promotion Organisation

Recent Queries by Indian Businessmen

Kesavarhini Products,

Arcot Road,
Chennai 600087
Contact : Mrs. Priyanka Dugar
Tel. 0091-44-24867308
Fax: 0091-44-24867554
E-mail: ksvchennai@yahoo.com
Area: Hair care products like herbal hair oil, shampoos, Conditioners etc.

Stovekraft Pvt. Ltd.

R.O. Plot No. 9, Gr. Floor,

Laxminarayana Colony, Pender Ghast Road, Secundrabad 500003

Contact Person: Mr. Rajesh Shah

Tel. 0091-40-36361352/ 55201352

E-mail: stoverkraft@yahoo.com

LPG Gas stove, pressure cookers, kerosene wick stove

ALS Exports,

78-D, Sidhi Vinay Nagar Colony,

Senbagam Street, Vadavalli,

Coimbatore 641041

Contact Person: Mr. L.SL Sivakumar

Tel. 0091-422-2426336

Fax: 0091-422-2426336

E-mail: alsexports@eth.net

Cotton, jute shopping bags

Shree Vijay Laxmi Enterprises,

(An ISO 9001 Certifies Co.)

E-106 (A), MIA, 2^nd Phase,

Basni- Jodhpur 342005

Contact Person: Mr. Daya Ram H. Makwana

Tel. 0091-291-2637232/5120642

Fax: 0091-291-2747140

E-mail: vijaycol@shreevijaylaxmi.com

Guar Gum

Magnum Steel Ltd.

Suit No. 202, D-11

Nanada Devi Towers, Commercial Complex ,Prashant Vihar,

New Delhi 110085

Tel. 0091-11-51499649

Fax: 0091-11-27550849

E-mail: mgmstls@sify.com

Website: www.magnumsteels.com

Spring steel flats, ball bearings steel rounds, Construction steel, carbon steel, alloy steel etc.

Flooratex,

R.P.X Towers, Kayamkulam,

Alleppy District, Kerala

Contact Person: Mr. Sadath Lebba N.

GM Foreign Trade

Tel. 0091-479-2444246/ 2440522

Fax: 0091-479-2440669/ 2449646

E-mail: alp_flora@sancharnet.in

Rubber, coir and jute floor covering items

S.R. International,

Vellamadam 629305,

K.K. Dist. Tamil Nadu

Contact Person: J. Rajan

Tel. 0091-4652-385542 / 385242

Spices

Chamunda Pharma Machinery Pvt. Ltd.

7602, Chamunda Estate,

Nr. Ramol Cross Roads,

G.I.D.S Phase IV, Vatva,

Ahmedabad 382445

Tel. 0091-79-5842712/13/5840601

Fax: 0091-79-5840589

E-mail: gaurav@cm1981.com

All types of pharmaceutical and food processing machinery

Chaman Lal Setia Exports Ltd.

L-281, Model Town, Karnal

Contact Person: Mr. Vijay Setia,

Director

Tel. 0091-184-2290192/ 2291942/2292590

Fax: 0091-184-2291067

E-mail: setua1@vsnl.com

Rice for diabetic patients

United Rubber Industries,

Jay Vailankani Industrial Estate,

Bhayandar Kashi Mira Road, Bhayandar Kashi Mira Road, Bhayandar (E),

Mumbai 401105

Tel. 0091-22-2814 5134/28145135/28145136

Fax: 0091-22-28184614

E-mail: unirubin@vsnl.com

Website: www.urlindia.com

Rubber products like rubber hoses, centre bearing kits, cutless rubber bearings, Elastomeric springs, expansion- flexible joints, moulded items etc.

United Global Traders,

38, Fancy Chambers, Surat Street, Dana Bunder, Mumbai 400009

Tel. 0091—22-23774391 /26774428

Fax: 0091-22-26774423

E-mail: laxmip@bom4.vsnl.net.in

Website: www.globaludyog.com/ugtcoir

Coir pith used as soil conditioner

Morsef Pharmaceuticals Pvt. Ltd.

401, Bhaveshwar Complex, Vidhyavihar (W),Mumbai 400 086

Contact Person: Mr. Anil Narang, Director

Tel. 0091-22-55983344

Fax: 0091-22-55988735

E-mail: morsefpharma@hotmail.comn

Anti-rheumatoid Nsaids Analgesics, anti-hypertensives, anti-allergics, anti-tussive, expectorant, decongestant, anorexiant, sympathomimetics, hyperacidity, ulcer medicines, antiasthatics, antimalarial, vitamins, heamatinics, & minerals etc.

Euroasia Trans Continental,

Parvati Industrial Estate, Unit No. 207, 2^nd Floor,

New Sun Mill Compound, Lower Parel,

Mumbai 400013

Tel. 0091-22-56662931/56662934/56662935/Fax: 0091-22-56662932

E-mail: eurasian@vsnl.com / eurochemical@vsnl.net

Website: www.euroasiachem.com

Bulk drugs, raw materials for pharmaceuticals, Laboratories and reagents

Refratech (India)

51, Girish Ghosh Lane, 1^st Floor, Ghusuri,

Howra 711107

Contact Person: Mr. Bijay Kumar, Chief Executive

Tel. 0091-33-26550564/26559915

Fax: 0091-33-26558520

Refractories and insulation materials

Europak Machines (India) Pvt. Ltd.

52, Bindal Industrial Estate, Sakinaka,

Andheri (E), Mumbai- 72,

Mr. Rahesh Potdar, Director

Tel. 0091-22-28526477

Fax: 0091-22-256942977

E-mail: ehajefcb12549074@vsnl.com

Website: www.europackmachines.com Thermoforming Machines

India Biz News is a monthly newsletter of the Embassy of India, Riyadh, B-1 Diplomatic Quarter, P.O. Box 94387, Riyadh - 11693, Saudi Arabia. Reader’s comments and feedback are welcome and should be sent to : The Commercial Wing, Fax: 480 7764, E-mail: com@indianembassy.org.sa

Statements and opinions included in this Newsletter do not necessarily reflect those of the Embassy or the Government of India. If you do not desire to receive similar message in future, please send a mail with 'unsubscribe' in the subject to com@indianembassy.org.sa