India e-Newsletter October 2011

ISSUENO.1;Vol.XXVIIWebsite: http://www.indembassysuriname.com/October2011

E-Newsletter of the Embassy of India, Paramaribo 2

PrimeMinistersAddressatthe66thSessionoftheGeneralAssembbly AddressingthesixtysixthsessionoftheUnitedNationsGeneralAssembly,inNewYorkCityonSeptember24,PrimeMinisterDr.ManmohanSinghsaidthattheworldneededtoembracetheprinciplesof

internationalismandmultilateralism,theaxiomsonwhichtheUnitedNationswasformed,tofacethechallengesthattheworldwasfacingtoday.HefurtheroutlinedtheneedtorenewpeoplesfaithinthecharterandobjectivesoftheUnitedNations,addingthatIndiastoodreadytoplayitspartinthatendeavor.FollowingisthetextofthePrimeMinistersaddressontheoccasion:PleaseAllowmeattheoutsettocongratulateyou,Mr.President,onassumingthePresidencyoftheGeneralAssembly.IwishtoassureyouofIndiasfullcooperationintheconductofthesixtysixthsessionoftheAssembly.Itisalsomygreatpleasuretowelcomeinourmidst

thenewStateofSouthSudan.WemeetatthissessionoftheUnitedNationsGeneralAssemblyatatimeofgreatuncertaintyandprofoundchange.Tillafewyearsagotheworldhadtakenforgrantedthebenefitsofglobalizationandglobalinterdependence.Todaywearebeingcalledupontocopewiththenegativedimensionsofthoseveryphenomena.Economic,socialandpoliticaleventsindifferentpartsoftheworldhavecoalescedtogetherandtheiradverseimpactisnowbeingfeltacrosscountriesandcontinents.Theworldeconomyisintrouble.Theshootsofrecoverywhichwerevisibleaftertheeconomicandfinancialcrisisof2008haveyettoblossom.Inmanyrespectsthecrisishasdeepenedevenfurther.ThetraditionalenginesoftheglobaleconomycountriessuchastheUnitedStates,EuropeandJapan,whicharealsothesourcesofglobaleconomicandfinancialstability,aretodayfacedwithcontinuedeconomicslowdown.Recessionarytrendsinthesecountriesareaffectingconfidenceinworldfinancialandcapitalmarkets.Thesedevelopmentsareboundtohaveanegativeimpactondevelopingcountrieswhichalsohavetobeartheadditionalburdenofinflationarypressures.Decliningglobaldemandandavailabilityofcapital,increasingbarrierstofreetradeandmountingdebtposeathreattotheinternationalmonetaryandfinancialsystem.QuestionsarebeingaskedabouttheefficacyoftheBrettonWoodsinstitutions.TherehasbeenunprecedentedsocialandpoliticalupheavalinWestAsia,theGulfandNorthAfrica.Peopleoftheseregionsaredemandingtherighttoshapetheirownfuture.Energyandfoodpricesareonceagainspiralingandintroducingfreshinstability,especiallyfordevelopingcountries. ThePalestinianquestionstillremainsunresolvedandasourceofgreatinstabilityandviolence.IndiaissteadfastinitssupportforthePalestinianpeople`sstruggleforasovereign,independent,viableandunitedstateofPalestinewithEastJerusalemasitscapital,livingwithinsecureandrecognizableborderssidebysideandatpeacewithIsrael.WelookforwardtowelcomingPalestineasanequalmemberoftheUnitedNations.Terrorismcontinuestorearitsuglyheadandtakeagrievoustollofinnocentlives.Newthreatstointernationalsecurityhaveemerged.Atatimewhentheworldneedsmoreinternationalcommerce,thesealanesofcommunicationacrosstheIndianOceanareunderasiege.Actsofpiracyarebeingcarriedoutwithimpunityfromlandsthatarebeyondthewritofanyfunctioningstateorinternationalaccountability.Iniquitousgrowth,inadequatejobandeducationopportunitiesanddenialofbasichumanfreedomsareleadingtogrowingradicalizationoftheyouth,intoleranceandextremism.Wehavenochoicebuttomeetthesechallengesheadon.Wewillsucceedifweadoptacooperativeratherthanaconfrontationistapproach.WewillsucceedifweembraceonceagaintheprinciplesonwhichtheUnitedNationswasfoundedtheprinciplesofinternationalismandmultilateralism.Moreimportantly,wewillsucceedifoureffortshavelegitimacyandarepursuednotjustwithintheframeworkoflawbutalsothespiritofthelaw.Theobservanceoftheruleoflawisasimportantininternationalaffairsasitiswithincountries.Societiescannotbereorderedfromoutsidethroughmilitaryforce.Peopleinallcountrieshavetherighttochoosetheirowndestinyanddecidetheirownfuture.Theinternationalcommunityhasaroletoplayinassistingintheprocessesoftransitionandinstitutionbuilding,buttheideathatprescriptionshavetobeimposedfromoutsideisfraughtwithgravedanger.ActionstakenundertheauthorityoftheUnitedNationsmustrespecttheunity,territorialintegrity,sovereigntyandindependenceofindividualstates.Correspondingly,governmentsaredutyboundtotheircitizenstocreateconditionsthatenablethemtofreelydeterminetheirpathwaystodevelopment.Thisistheessenceofdemocracyandfundamentalhumanfreedoms.Therearemanyotherthingsthatwecanandwemustdo.Wemustaddresstheissueofthedeficitinglobalgovernance.

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WeneedastrongerandmoreeffectiveUnitedNations.WeneedaUnitedNationsthatissensitivetotheaspirationsofeveryonerichorpoor,bigorsmall.ForthistheUnitedNationsanditsprincipalorgans,theGeneralAssemblyandtheSecurityCouncil,mustberevitalizedandreformed.ThereformandexpansionoftheSecurityCouncilareessentialifitistoreflectcontemporaryreality.SuchanoutcomewillenhancetheCouncilscredibilityandeffectivenessindealingwithglobalchallenges.EarlyreformoftheSecurityCouncilmustbepursuedwithrenewedvigourandurgentlyenacted.Weshouldnotallowtheglobaleconomicslowdowntobecomeatriggerforbuildingwallsaroundourselvesthroughrecoursetoprotectionismorerectingbarrierstomovementofpeople,servicesandcapital.Effectivewaysandmeansmustbedeployedtopromotecoordinationofmacroeconomicpoliciesofmajoreconomies.Thereformofgovernancesystemsofinternationalfinancialinstitutionsoughttobepursuedwithspeedandefficiency.ThedevelopmentagendamustbebroughtfirmlybacktothecentrestageoftheUnitedNations`priorities.Weneedamuchmoredeterminedefforttoensurebalanced,inclusiveandsustainabledevelopmentforthebenefitofvastsectionsofhumanity.Eachofuscancontributetothistask,butwecanachievefarmoreifweactinpartnership.InthelastfewdecadesIndiahasliftedtensofmillionsofitspeopleoutofabjectpoverty.Weareinapositiontofeedourpopulationbetter,toeducateourpeoplebetterandtowidentheireconomicchoices.Butwestillhaveaverylongwaytogo.WewishtoacceleratethepaceofIndiastransformationinpartnershipwiththeinternationalcommunity.AfastgrowingIndiacanexpandtheboundariesfortheglobaleconomy.Ademocratic,pluralandsecularIndiacancontributetotoleranceandpeacefulcoexistenceamongnationsoftheworld.Developingcountriesneedinvestment,technologyandmarketaccessfortheirproducts.Theyneedassistanceintheareasofeducation,health,womensempowermentandthedevelopmentoftheiragriculture.Duringtherecentlyheld4thUnitedNationsLeastDevelopedCountriesConference,IndiahasstrengtheneditspartnershipwiththeLDCsthroughsignificantlyenhancedlinesofcreditandassistanceincapacitybuilding.WehavetopayparticularattentiontoAfrica.Africasrichestresourcesarenotitsmineralsbutitspeople.Wehavetoempowerthemandopenthedoorsforthemtohumanadvancesinscienceandtechnology,educationandskilldevelopment.AtthesecondIndiaAfricaForumSummitinAddisAbabaearlierthisyearIndiaofferedlinesofcreditworthfivebillionUSdollarsandanadditional700millionUSdollarsgrantassistanceforhumanresourcedevelopment,transferoftechnologyandbuildingnewinstitutions.TheUnitedNationsshouldleadeffortsintheareaoffoodsecurity.Weneedmorecooperationinagriculturaltechnologies,inwaterconservation,inlandusageandproductivityandstabilityincommodityprices.Developingcountriesneedapeacefulexternalenvironmenttogrow.Thefightagainstterrorismmustbeunrelenting.Therecannotbeselectiveapproachesindealingwithterroristgroupsortheinfrastructureofterrorism.Terrorismhastobefoughtacrossallfronts.InSouthAsiathereareencouragingsignsofcooperationintheareaofsecurity,asexemplifiedinIndiasgrowingcooperationwithBangladesh.Suchcooperationisaddingtothesecurityofbothourcountries.TherecentassassinationofProfessorBurhanuddinRabbaniinKabulisachillingreminderofthedesignsoftheenemiesofpeaceinAfghanistan.ItisessentialthattheprocessofnationbuildingandreconciliationinAfghanistansucceeds.Thisisvitalforensuringpeaceandstabilityintheregionasawhole.IndiawillplayitspartinhelpingthepeopleofAfghanistantobuildabetterfutureforthemselves,justaswearedoinginothercountriesinSouthAsia.Wewilldosobecausewebelieveprosperityandstabilityinourregionareindivisible.Wewishtoseeanopen,inclusiveandtransparentarchitectureofregionalcooperationintheAsiaPacificregionandpeacefulsettlementofdisputes.IcallupontheUnitedNationstoevolveacomprehensiveandeffectiveresponsetotheproblemofpiracyintheRedSeaandoffthecoastofSomalia.AsalittoralstateoftheIndianOcean,Indiaisreadytoworkwithothercountriesinthisregard.Simultaneously,theinternationalcommunityshouldcontinuewitheffortstorestorestabilityinSomalia.WehavejoinedinternationaleffortstoprovidehumanitarianassistancetothecountriesafflictedwithseverefamineanddroughtintheHornofAfrica,specificallySomalia,KenyaandDjibouti.Nuclearproliferationcontinuestoremainathreattoglobalsecurity.TheActionPlanputforwardbyPrimeMinisterRajivGandhiforaNuclearWeaponFreeandNonViolentWorldprovideseventodayaconcreteroadmapforachievingnucleardisarmamentinatimebound,universal,nondiscriminatory,phasedandverifiablemanner.IcommendtheUnitedNationsforitseffortsinfocusingworldattentiononnuclearsafety.Ourplansforutilizingnuclearpowertomeetourenergyneedshingeuponfullsatisfactionaboutthesafetyofnuclearenergy.Wehaveundertakenathoroughreviewofthesafetyofournuclearplants.WesupportinternationaleffortsundertheaegisoftheInternationalAtomicEnergyAgencytoenhancelevelsofsafetyandsecurity.TheperspectivesthatIhaveoutlinedtothisaugustassemblyaretheonesthathaveguidedouractionsintheSecurityCouncilsinceIndiabecameanonpermanentmemberoftheCouncilinJanuarythisyear.Therearestillmillionsofpeoplelivinginpovertyacrosstheworld.Theirplighthasworsened,fornofaultoftheirs,duetotheglobaleconomicandfinancialcrisisofrecentyears.Theactionsofgovernmentsaroundtheworldarethereforeunderclosescrutiny.ItisvitallyimportantthatthroughouractionsanddeedswerenewTHEpeoplesfaithinthecharterandobjectivesoftheUnitedNations.Iamconfidentwecandothisthroughactsofstatesmanship,foresightandcollectiveefforts.Indiastandsreadytoplayitspartinthisnobleendeavour.

India'sFormulaOneDebutahugesuccessIBEF:NewDelhi:IndiahasmadeagrandentryintotheworldofFormulaOne.Itsdebuthasbeenhighlysuccessfulonaccountoffactorssuchasanexcellentracingfacility,warmthinhospitality,andahugecrowdofpassionatefans.F1supremoBernieEcclestonesaidthat,"Indiadeliveredonallcounts".TheracersleftIndiawithmemoriestocherishanddesiretoreturn.AdministratorslaudedtheorganisersJaypeeGroupforcreatingasupercircuitwithachallengingracingtrack.SebastianVettel,theproudwinneroftherace,said,"It'soneofthecircuitswhichdefinitelygetsabigtick.I'mlookingforwardtocomingback.TheIndianpeoplehavewelcomedus.I'veneverseensomanypeoplesmilingbefore.Thecrowdhavebeenwonderful.There'sprettygoodadvertisingforthisplaceandIthinkthewordisgoingtogetout."Ferrari'sFernandoAlonso,whostoodthirdbehindMcLaren'sJensonButton,gaveIndiaaratingofnineonascaleof10.


Globalinvestors'interestinIndiastillhighTheEconomicTimes:October04,2011NewDelhi:Thecurrentglobalscenariomightbeoneofgloom,withmarketsintheUSandinEuropeonthebrinkofadoublediprecession,butinterestinIndianrealestateisstillhighamongglobalinvestors,saidCarloBareldiSant'Albano,chairmanoftheboardofglobalpropertyadvisoryfirmCushman&Wakefield."IfaprivateequityplayerwithagoodtrackrecordcomesupwithaprojectinIndia,hewillstillfindcapital,"hesays.Ofcourse,thetimetakentoraisemoneyhasincreased,asmanyinternationalinvestorsareaversetoinvestingatthemoment."Butitisclearfromalltheinvestorswespeaktothattheyaretryingtofigureouthowtoputmoneyinthispartoftheworld,eventoday,"headds.TodayAsiaisaverycriticalpartofanycorporateorinvestors'strategicplan.ForAlbano,Indiaisatthecentreofthatstrategy,alongsideChinabecauseofitssizeandgrowthprospects."Ifyoulookatthegrowthprospectsinotherpartsoftheglobe,givenwhatishappeningintheUSandinEurope,Asiaisclearlyanimportantdriverforgrowthinthefuture,"saysAlbano.Overthenextfewyears,investorconfidenceinIndiaisexpectedtoimprove,astransparencyandregulationimprove."Thiswillpushmorecapitalintorealestate,"hesays.InIndia,foreigndirectinvestmentinrealestatealreadyranksfourthamongothersectors,whichisafairlyhighpositionconsideringtheregulationsthatexistforFDIinrealestate.Whenonetalksaboutinvestments,acomparisonbetweenIndiaandChinaisinevitable.AlbanopointsoutthatChinaisaheadintermsofinvestmentininfrastructureandIndiahassomecatchinguptodointermsofinfrastructure."ThisscaleindifferentcitiesinChinaprovidesextraflexibilityandabiggercanvasforinvestors."India,ontheotherhand,isaheadintermsofavailabilityofhumancapital.Exportsgrow36.3percentatUS$24.8billioninSeptember2011IBEF:NewDelhi:IndianexportscontinuetoshineastheGovernmentstrategytolookfornewermarketsandchangethecompositionofexportswork.Exportsgrew36.3percenttoUS$24.8billioninSeptember2011onayearonyearbasis.India'sexportsconstitutedmuchmoreofengineering,electronicandpetroleumproductsthantraditionalitemsliketextiles.FortheAprilSeptember2011period,exportsgrew52.1percenttorecordUS$160billionascomparedtothecorrespondingperiodin201011,andimportsby32.4percenttoUS$233.5billion.Interestingly,importsofgoldandsilverincreasedby80percenttorecordUS$31.1billionduringAprilSeptember2011,whichMrRahulKhullar,theCommerceSecretaryattributedtoassetswitchingasheopined,"Peoplearemovingoutofcashandswitchingtogold."Takingintoaccountthemajoradvancedeconomies,MrKhullarwasprettysurethatthetargetofUS$300billionofexportsforthecurrentfinancialyear,201112willbeintheachievablerange.Publicservicestogomobile,governmenttargetsITindustryto$300bnby2020TheEconomicTimes:NewDelhi:Indiaplanstoprovideallpublicservicesonmobiledevices,makeonepersonITliterateineveryhouseholdandincreasethesizeofIndia'sITindustryto$300billionby2020from$89billionthisfiscal,asperthedraftofgovernment'sfirstpolicyoninformationtechnology,released.ThegovernmentwantstheITindustrytoflourishintierIIandIIItowns.Itplanstoincreasesoftwareexportsfrom$59billionatpresentto$200billionby2020.TheplanincludediversifyingexportstoothercountriesapartfromUSandEuropetomitigatetheimpactofrecessiononIndia'sITcompanies.CommunicationsandITministerKapilSibalsaidthegovernmentmayalsooffertaxincentivestolocaltechcompaniesaftertheDirectTaxCodecomesintoplace.Thecountry'ssmallandmidsizedITcompanieshavebeenimpactedwiththe10yeartaxholidayfromtheSoftwareTechnologyParksofIndiaschemecomingtoendin2010."We'llcertainlytryanddosomething,"SibalsaidonapossibilityofsopsforthesmallITfirms.Headdedthathewashopefulof'formalizing'thepolicybyend2011.TheITpolicyisthesecondofthethreepoliciesthattheministryintendstodeliverbyDecember.Earlierthisweek,Sibalunveiledthedraftnationalelectronicspolicywhichaimstobring$100billionworthofinvestmentintothesectorandcreate28millionjobsoverthenextnineyears.Sibal,whoalsohandlestheportfoliooftelecoms,willintroducedraftofthemuchawaitednationaltelecomspolicy.TheNationalITpolicyaimsatincreasingitsofskilledITprofessionalsfourtimesto10millionby2020whileenvisagingtheextensiveuseofmobilephonesandtherecentlylaunchedworld'scheapesttabletAakash,at$35,asaplatformfordeliveringpublicservicestoallIndians."Aakashwillbethedeliverysystemforallpublicservices.Goingforward,wewillimprovetheproduct,"Sibalsaid.Besidesmakinguseofsocialmediatoreachouttothemasses,thegovernmentalsoplanstointegrateAadhartoofferpublicservicestothemassesandsimplifytheirdelivery.ItplanstoincreaseaffordabilityofaccessibilitythroughIT.ThegovernmentalsoplanstopromoteinnovationandR&Dincuttingedgetechnologiesanddevelopmentofapplicationsandsolutionsinareaslikelocalization,locationbasedservices,mobilevalueaddedservices,cloudcomputing,socialmediaandutilitymodels.SibaladdedthatthegovernmentwaskeenonintroducingtheelectronicdeliveryofservicesbillinthewintersessionofParliament.Thebillmandatesstatestoprovideallserviceselectronicallywithinfiveyears.TheministeralsoemphasisedonchangingcopyrightlawsinabillpendinginParliament,atthesametimenotcompromisingnation'sITsecurity.

Focus:Pharmaceuticals

Indiapresentsvastopportunitiesforpharmaceuticalcompanies,accordingtoastudybyE&Y.Thestudystatesthat"By2015,fouroftheemergingmarketsareexpectedtorankamongthetop10globalpharmaceuticalmarkets,withChinaandIndiaemergingasthelargestgainers."PharmaceuticalsmajorGlaxoSmithKline(GSK)hassetasideUS$12billiontosupportitsexpansionplansinIndia.Thecompany'sglobalCEOAndrewWittysaidthat"Wecanaffordadealworth$12billionintheIndianpharmaceuticalspace.However,wearenotinahurrytocloseadealatahighervaluation."Significantly,anotherglobalpharmaceuticalsmajor,SanofiAventisGroup,issettingupitslargestvaccinemakingfacilityinHyderabad.Theplant,whichislikelytobeoperationalin2012,ispartofSanofi'sstrategytorealise40percentofitssalesfromemergingmarketsby2015.Further,BritishconsumergoodsmajorReckittBenckiserisconvertingitsacquiredBaddiplantinHimachalPradeshintoaglobalhubformanufacturingoverthecounter(OTC)pharmaceuticalproducts.ThefacilitywillexportReckittbrandsaswellasdomesticParasbrandssuchasMoov,D'Cold,Krack,ItchGuardandDermicool. Page

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100%foreigndirectinvestmentregimeinpharmaceuticalsectorTheEconomicTimes:NewDelhi:Ahighlevelinterministerialgroupchairedbytheprimeministerhasdecidedtocontinuewiththe100%foreigndirectinvestmentregimeinthepharmaceuticalssector,overrulingconcernsraisedbythehealthandindustryministriesaboutrisingmedicinecostsduetoacquisitionsofIndiandrugcompaniesbymultinationals.ButthetakeoverofIndiandrugcompaniesbyforeigncompanies,orbrownfieldinvestment,willfacestringentscrutinybythecountry'scompetitionauthoritytoensuretheydonotfacilitatecollusionandpredatorypricing.Therewillbenoscrutinyofgreenfieldinvestmentbyforeigndrugcompaniesinthepharmasector."Thereisgoingtobenocap.100%FDIwouldbeallowedbutacquisitionproposalswillbelookedatverycarefully,"PlanningCommissionmemberArunMairasaidafterameetingwiththeprimeminister.ThemeetingwasattendedbyfinanceministerPranabMukherjee,healthministerGhulamNabiAzad,commerce&industryministerAnandSharma,pharmaceuticalandchemicalMinisterMKAlagiri,anddeputychairmanPlanningCommissionMontekSinghAhluwalia."Incaseofbrownfieldinvestmentsinthepharmasector,FDIwillbeallowedthroughtheFIPBapprovalrouteforaperiodofuptosixmonths,"anindustryministryreleasesaid.InthisperiodthegovernmentwillputinplacethenecessaryenablingmechanismforoversightbythecompetitioncommissionofIndia.Aftersixmonthsthe'oversightwillbedonebytheCCIentirelyinaccordancewiththecompetitionlawsofthecountry'theindustryministrysaid."Thecommitteehasrecommendedsomechanges(rules)inCCItostrengthenit.Wehavedecidedonasixmonthtimelinetoimplementthesechanges,"Mairasaid.ThegovernmenthadsetupacommitteeunderMairatoreconsidertheliberalforeigndirectinvestmentpolicythatallows100%foreigninvestmentthoughautomaticroutefollowingconcernsthatunfetteredacquisitionofIndiandrugcompanieswouldeventuallydenycheapdrugstoIndians.ThefinanceministryandtheplanningcommissionhadopposedanyloweringoftheFDIlimitsayingitwillsendoutanegativesignal.TheMairaCommitteehaddecidedagainstsuggestinganyrestrictionsonFDIinthepharmaceuticalssector,butbackedagreaterscrutinyofmergersandacquisitionofdrugscompanies.ThedepartmentofIndustrialPolicyandPromotionhadfavoredloweringFDIlimitinthesectorto49%andevensubmittedadissentnoteontheMairaCommittee.Primeministerhadtostepintoresolvethedifferencesandputanendtothehotlydebatedissue.Whileforeigndrugcompanieswelcomedthedecision,Indiandrugindustrywasguardedinitsresponse."Thegovernmenthassenttherightmessagetoprovidealevelplayingfieldtobothglobalandlocalplayers,"PfizerIndiamanagingdirectorKevalHandasaid.CCIisanexperiencedandcompetentbodytohandleanysector,includingpharmaceuticalsandtherewasnoneedtochangeanyrules,headded."Adistinctionhasbeenmadebetweengreenfieldandbrownfieldinvestment.Thiswillgoalongwayinhelpinggrowthofthedomesticsectorandensureaccesstomedicine"saidDGShahsecretarygeneralofIndianPharmaceuticalAlliance,thelobbybodyoflocaldrugmakers.Inthelastthreeyears,themarketshareofforeignMNCshaveincreasedto25%from15%threeyearsagothroughaspateofbuyouts.TheprominentonesareacquisitionofRanbaxybyDaiichiSankyo,purchaseofformulationsbusinessofPiramalHelathcarebyAbbottLaboratoriesandShantaBiotechbySanofiAventis.CabinetapprovespolicytohelpPSUsbuyassetsabroadTheTimesofIndia:NewDelhi:ThegovernmentonThursdayapprovedapolicytoenableprofitmakingstaterunfirmstoacquireassetsoversees.ThenewpolicyalsoseekstoenhancethepowerofMaharatnaandNavartnacompaniesandprovidegreaterautonomyforacquiringrawmaterialassetsabroad.ThegovernmentwillalsoconsidersettingupadedicatedSovereignWealthFundtoacquireassetsoversees.Thepolicyforacquisitionofrawmaterialassetsabroadbypublicsectorenterprisesisexpectedtosignificantlyenhancethecapabilitiesofsuchentitiestoacquiresuchassetsandprotectthecountry'slongtermeconomicinterests."Whilesomecountrieshavealreadytakentheleadinacquiringthesourcesofrawmaterialassetsglobally,Indiancompanieshavenotbeenveryassertive.Today,theCabinetapprovedthepolicyforacquisitionofrawmaterialassetsabroadbyCPSEs,"informationandbroadcastingministerAmbikaSonitoldreporters.ThenewpolicyalsoplanstoincreasetheinvestmentlimitforNavratnafirmstoRs3,000crorefromRs1,000croreforbuyinganyoverseasassets.Governmentapprovalwouldbeneededforanyadditionalamountbeyondthislimit.

Nasscompegsenggdesignmarketat$40bby2020TheHinduBusinessLine:Pune:IndiaisrankedfirstintheglobalEngineeringResearchandDevelopmentandDesign(ER&D)outsourcingindustrywitha22percentshareintherevenue,andastudybyNasscomprojectsthemarketfortheseservicestoquadrupleoverthisdecadetotouch$4045billionby2020.IndianER&DservicehasplayedapivotalroleinacceleratinginnovationandisestablishingIndiaasadesignandinnovationhub.Iamsure,withthisexponentialgrowth,IndiawillfastclimbtheservicesladderwithgreaterdomaincapabilitiesandestablishitsleadershipintheER&Dspace,MrSomMittal,President,Nasscom,said.Withover400serviceprovidersemployingnearlytwolakhpeopleandrevenueof$910billion,ER&Dcurrentlycontributes15percentofthe$60billionstrongIndianITBPOexportindustry.DuringFY2011,thecostsavingsbyIndiabasedER&DCentreswasover$20billion.Designisissuewasnolongeraboutcostarbitrage,butaccesstoresourcewhocanreducecosttomarketandprovideendtoenddesign,MrMittalsaid,addingthatsomeofthedriversforthisindustrywerecompaniesmovingtocountrieswheregeographyspecificproductshadtobedesignedandtheneedtobeenergyefficient.MrRaviPandit,Chairman,KPITCummins,saidthatgloballyER&Dwasatrilliondollarindustry.WhileinIndiaengineeringdesignfortheautosectorwashappeningforalongtime,medicalelectronics,consumerelectronics,telecomandenergywerenowemergingasimportantsectors.NasscomheldatwodayEngineeringSummit2011'here.ThethemeoftheSummitisInnovationandHighValueEngineeringIndiaasaStrategicPartner.'


InfrastructureinIndiaTheIndexofeightcoreindustriescrudeoil,petroleumrefineryproducts,coal,electricity,cement,steel,fertilizersandnaturalgashavingacombinedweightof37.90percentintheIndexofIndustrialProduction(IIP)withbase200405stoodat143.22inJuly2011and registered a growth of 7.8 per cent compared to 5.7 per cent registered in July 2010, according to data released by theUnionMinistryofCommerceandIndustry.Theinfrastructuresectoraccountsfor26.7percentofIndia'sindustrialoutput.ThePlanningCommissionhasprojectedthat investmentin infrastructurewouldalmostdoubleatUS$1,025billioninthe12thPlan,compared toUS$514billion in the11thPlan.Of theUS$1,025billion, 50per cent is expected to come fromprivate sector,whoseinvestmenthasbeen36percentinthe11thPlan.AccordingtoinvestmentbankingcompanyGoldmanSachs,India'sinfrastructuresectorwillrequireUS$1.7trillioninvestmentinthenext 10years.With a view to streamlining and simplifying the appraisal and approval process for public private partnership (PPP)projects, a Public Private Partnership Appraisal Committee (PPPAC) has been constituted under the chairmanship of Secretary,DepartmentofEconomicAffairsandSecretariesofPlanningCommission,DepartmentofExpenditure,DepartmentofLegalAffairsandthe concerned Administrative Department as its members. The project proposals are appraised by the Planning Commission andapprovedbythePPPAC.

Atotalof219projectshadbeenapprovedbyPPPACwithanestimatedprojectcostofUS$47.4billionasonApril19,2011.Further,IndianeedstospendUS$1.2trillionby2030tomeetthe projected demand of its cities, according to a McKinseyGlobalInstituteReport.

InvestmentOpportunitiesThePlanningCommissionofIndiainareport,'Monitorable

Targets&Milestonesfor201011',hasindicatedseveralopportunitiesintheinfrastructuresectorconsistingofamplescopeforinvestmentandgrowth.Forexample,inthecivilaviationsector,atargetofUS$562.20millionforinvestmentfor201011intopublicprivatepartnerships(PPP)airport

projectssuchasCSIAirport,Mumbai,IGIAirportDelhi,HyderabadAirportandBengaluruAirporthasbeenplanned.InprincipleapprovalhasalreadybeengiventogreenfieldairportssuchasGulbargaandBijapur,ShimogaandHassanairportsinKarnataka,KannurInternationalAirportinKeralaetc.,bytheSecretary,CivilAviation,accordingtothePlanningCommissionbriefoncivilaviationinthereport.Similarly,20,359MWcapacityadditionhasbeenplannedinthepowersectorforthecurrentfinancialyear201011.

InvestmentPolicyUpdates

FDI up to 100 per cent under the automatic route is permitted in exploration activities of oil and natural gas fields, infrastructurerelatedtomarketingofpetroleumproducts,actualtradingandmarketingofpetroleumproducts,petroleumproductpipelines,naturalgas/LNG pipelines,market study and formulation and Petroleum refining in the private sector. Thiswill be subject to the existingsectoral policy and regulatory framework in the oilmarketing sector and the policy of the Government on private participation inexplorationofoilandthediscoveredfieldsofnationaloilcompaniesFDIupto49percentispermittedundertheGovernmentrouteinpetroleumrefiningbythePublicSectorUndertakings(PSU).ThisshouldnotinvolveanydivestmentordilutionofdomesticequityintheexistingPSUsFDIupto100percentundertheautomaticrouteisallowedbothinsettingupnewandinestablishedindustrialparksSource:ConsolidatedFDIPolicy,DepartmentofIndustrialPolicy&Promotion(DIPP)

SECTORFACTSIndiahas... 12MajorPorts Fifthlargestelectricitygenerationcapacityin

theworld 454airportsandairstripsinIndia Fourthlargestrailnetworkintheworld


ReinventingMobilityTheAutomotiveIndustryinIndiaIndia has come a long way from the days when the

automotiveindustryinIndiawascharacterizedbylimitedchoice,oldtechnology,obsoletedesignsandendlesswaitingperiodtobeaproudowner of a vehicle. In sharp contrast, today, India is the seventhlargest vehicle manufacturer, the second largest two wheelermanufacturerand the fifth largest commercial vehiclemanufacturerin the world. The Indian auto industry today churns out a largenumber of newmodel and variant launches every year and exportsalmost 12% of the vehicles produced by it to themost competitiveautomarketsglobally.Eventhebravestanalystcouldnothavetakentheriskofmakingsuchaboldforecastnotsofarbackintime. Thepasttenyearshavewitnessedasixfoldincreaseintheauto industry turnover and the automotive exports have grown byalmost twenty times. As a result, the automotive industry todaycontributes 22% to the manufacturing GDP and 21% of the totalexcisecollectioninthecountry. In201011,thetotalturnoverand

export of the Automotive Industry in India reached new pinnacle of US $ 73 billion and US $ 11 billion respectively with thecumulativeannouncedinvestmentsreachingUS$30billion.ThissectortrulyrepresentsashiningexampleofaneffectiveIndustryGovernmentcollaborationandthekindofresultsthatcanbeachievedinarelativelyshortspanoftimewiththerightkindofsupportfromtheGovernment,combinedwiththeentrepreneurialskillsandmanagerialtalentthattheIndianIndustryhastooffer.Althoughthereseemstobeabitofaslowdownofgrowthoftheautoindustryintherecentpast,thisisjusttransientandnowtheindustryisfullybackontrackforachievingtheAutoMissionPlantargetsfor2016,whichwereunveiledbythePrimeMinisterin2007. Thegrowthofthetransportationsectoralsobringswithitthechallengesassociatedwithrapiddepletionandtherisingcostoffossil fuels, the impact of vehicles on the environment and climate change. These are areas of grave concern not only to theGovernmentsaroundtheworldbutalsotoindustryexpertsandautomobileleadersalike. Inordertobringaboutaparadigmshiftintransportation,thereinventionwillneedtohappenfromtheindividualfirmleveltothe industry levelasawholedulysupportedby theGovernment. Each individualorganizationwillneed tocontinuouslystrive tooffer completely new products and solutions. However, inertia and resistance to change, especiallywhen times are good, is thegravestthreatasnothingstopsanorganizationfasterthanpeoplewhobelievethatthewayyouworkedyesterdayisthebestwaytowork tomorrow. The Indian automobile industry will need to pay greater focus on R&D and invest more for sustainabletransportationthroughdevelopingoracquiringnewer&bettertechnologies. Thiswill includetheintroductionofalternatedrivesand fuels, especially electricmobility, to lessen the dependence of fossil fuels and also tomitigate the impact of vehicles on theenvironmentandclimatechange. Inordertohelpthe industrymeetthesechallenges, thegovernmentwillcontinuetoplayakeyfacilitativeandsupportiverole. Inthisregard,therequiredenablingmechanismsformeetingthesefuturechallengesarebeingsetup.Inthisregard,twoverysignificantinitiativesfortheautomotivesectorarebeingpresentlyundertakenbytheGovernment.Forspurringgreateradoptionofelectric mobility andmanufacture of electric vehicles, including full range of hybrid vehicles, the Government has approved theNationalMissionforElectricMobility.Inordertotakethiskeyinitiativeahead,theNationalCouncilforElectricMobility(NCEM),withtheUnionMinistersofallstakeholderMinistriesandleadersfromtheIndustry,academiaandresearchinstitutesasmembershasalreadybeensetup. Inaddition,theNationalBoardforElectricMobility(NBEM),whichwillassisttheNationalCouncil, withsecretariesofthestakeholderministries,industryandacademiaasitsmembers,hasalsobeencreated.Thisstructurewillbringonacommonplatformallthekeystakeholders,therebyhelpingachievegreatersynergy,settingcommonpriorities,vision,objectivesandalsoleadingtohighlevelownershipforthiskeyfutureinitiative.TheBoardhasalreadymetonceandislikelytomeetagainsoontofinalizetheirrecommendationsforsettingtheNationalMissiontargetsfor2020andthevariousinterventions,investments,policies,programmes,subsidies,incentivesandprojectsthatwillberequiredinthisregard. GloballyitisseenthatGovernmentshavetoplayakeycatalyticroleinspurringresearchanddevelopmentforcreationandadoptionofnewertechnologies.EffortmadegloballyforR&Dintheareaofelectricmobilityisonesuchclearexample.Therefore,oneofthemostimportantobjectivesbeforetheGovernmenttodayistofacilitatecollaborativeR&Dinitiativesbybringingtogetherthe industry, research institutes and the academia. The Government of India,with the continued and unflinching support of thePlanning Commission, is in advance stages ofmaking available state of the art automotive R&D facilities through the flag shipNATRIPproject.Inordertoleverageandmaximizethebenefitsfromthehugeinvestmentsmadeinsettingupofthesefacilities;itis essential that proper structure is created not only for monitoring & coordinating the synergistic functioning of the variousautomotivetestingcentrescreatedandupgradedthroughNATRIPbutalsotoensurethatthesefacilitiesareavailablefortheindustryfortheirdevelopmentalneeds.Forthispurpose,theGovernmentisintheadvancedstagesofcreatingtheNationalAutomotiveBoard(NAB). TheNABwill alsobe the catalyst thatwill spur collaborative automotiveR&Dactivities by bringing together and cratingconsortiainvolvingtheacademia,industry,governmentautomotivetestingcentresandotherresearchanddevelopmentfacilitiesinIndiaandabroadforvariousprojects. TheNABwill be a single umbrella agency, comprising technical& domain experts and having representation from all keystakeholders.Itisenvisagedtobetherepositoryofknowledge,dataanddomainexpertiserelatingtotheautomotivesectorandwillalsohelp,aidandadvisethevariousgovernmentdepartmentsinformulatingtheirstrategies,futurepoliciesandregulationsfortheautoIndustry.ThisagencywillplayakeyroleinthetransformationoftheIndianautomotivesector.

********InputsfromMinistryofHeavyIndustriesandPublicEnterprises

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Indian Cultural Centre, Paramaribo ICCPARAMARIBO

CALENDARforOctober2011

TEACHERSDAYThe birth anniversary of Dr. Sarvapali Radhakrishan, (the great philosopher and the second

Presidentof India)wascelebratedat IndianCulturalCentre,Paramariboas TeachersDayonMonday5thSeptember2011atHindiclassroom,ICC.SomestudentsofICCdescribedtheroleofteachersintheirlifeandshared some experiences in this regard. All the teachers/students of ICC were present on the occasion.SheraniBasgietandAshaMatadintheHindistudentsofICCrecitedtheirpoemsinthehonourofteachers.AlltheteachersofICCalsoconveyedtheirmessageregardingtherelationshipbetweenstudentsandteachers.

HINDICOMPETITIONFORWORLDHINDIDAY

Wednesday2ndNovember2011(1830to2030hrs.)

Venue:TulsiManasMandir,DistrictCommewijne

TALKONAYODHYAKANDRAMAYANA

Friday11thNovember2011(1700to1830hrs.)

Venue:HindiClass,ICC,Paramaribo

FOREIGNSTUDENTSDAY(BirthAnniversayofMaulana

AbulKalamAzad)Friday

11thNovember2011(1900to2000hrs.)

Venue:YogaHall,ICC,Paramaribo

HINDIPAKHWADA (HINDIDIWAS)Indian Cultural Centre, Paramaribo celebrated Hindi

Pakhwada(fortnight)from7th to 21st September2011. During this period,efforts have been made topromote the Hindilanguage & literature inSuriname.Different typeofinteresting programmeslike lectures, debate, Hindidepartment organized

story telling.Through theseabovementionedactivities,peoplewereencouragedtouseHindiasamediumofcommunicationintheirdailyroutine.

TALK ON AYODHYA KANDRAMAYANAICC,HindiTeacher,Dr.S.K.Jha,deliveredatalkon9thand23rdSeptember,2011onAyodhya Kand Ramayana. Around 30students and Pandits attended theprogramme,whichincludedrecitationofHanuman Chalisa, Chaupaiyans, RamBhajans and Dohas, short stories onmoral values, etc. The topic of RamBharat Milan at Chitrakoot is going on;thisisthebestexampleofunityinIndianculture.PoeticpronunciationsofShlokas(mantra) were also taught to thestudents.

SPECIALMEHANDIDEMOFORLADIESWednesday


Venue:ICC,Paramaribo

LECTUREONYOGA(ModernandTraditional

Concepts,fornewstudents)Friday18thNovember2011

(1645to1815hrs.)Venue:YogaHall,ICC,

Paramaribo

LECTUREONPRESENTSTATUSOFHINDILANGUAGE&LITEREATURE

HindidepartmentofICC,IndianCulturalCentre,ParamariboorganizedalectureonHindiBhasha

AurSahityeKiVartmanDashsAurDisha(PresentStatusofHindiLanguage&Literature)onTuesday13thSeptember2011atHindiclassroom.InthislectureDr.SKJha,Hinditeacher,ICCdescribedHindiBhashaasaSamparkBhasha(MediumofCommunication),RajBhasha(OfficialLanguage),RashtraBhasha(LanguageoftheNation)andasinternationallanguage.Healsodescribesthatwhy14thSeptemberisbeingcelebratedasHindiDiwasbecause the constitution assembly of India acceptedHindi as aRajBhasha for India on14thSeptember1949.

KRIYAYOGASaturday19thNovember2011

(1700to1830hrs.)Venue:YogaHall,ICC,

Paramaribo KRIYAYOGA

Sunday20thNovember2011Morning:0630to1230hrs.Venue:YogaHall,ICC,

Paramaribo HINDIWORKSHOP

(HindiViyakaranShikshanKiSamasyaen)

Sunday20thNovember2011(1000to1200hrs.)

Venue:ParmanandHindiSchool,Wanica


INDEPENDENCEDAYCELEBRATIONOFSURINAME(ACulturalProgrammebyICC

Students/LocalArtists)Wednesday

23rdNovember2011(1900to2030hrs.)


CELEBRATIONOFITECDAYThe Indian Technical and Economic Cooperation (ITEC) Day was celebrated at Bharat Bhawan,

ParamariboonThursday15thSeptember2011.TheoccasionwasgracedbytheVicePresidentofSuriname,H.E.Mr.RobertL.A.AmeeraliandanumberofITECtrainees.AmbassadorofIndiaShriKJSSodhideliveredashort speech mentioning that it strengthens the bilateral relation among developing nations. Threeparticipants who visited India under this ITEC scheme showed powerpoint presentations, sharing theirexperienceduringstayinIndia.

AculturalprogrammebyICCKathakdanceandvocalmusicstudentswasalsopresented.InwhichKathakdancestudentsunderthechoreographyofMiss.NamrtaRai,Kathakdanceteacher, ICC,performedKathakdance&ICCvocalmusicstudentsundertheguidanceofMrs.MadhumitaBose,vocalmusicteacherICC,presentedGhoomerdanceandvocalmusic.H.E.Mr.RobbyRamlakhan,ActingPermanentSecretaryoftheMinistryofForeignAffairswasthechiefguest

forthisoccasion.Inhisspeech,MrRamlakhanappreciatedthecontributionofGovernmentofIndia.

BIRTHANNIVERSARYOFHARIVANSHRAIBACHCHAN(ACulturalProgrammeby

ICCStudents)Sunday



VOCALMUSICBEGINNERSEXAM

TheexamforvocalmusicstudentsofIndianCulturalCentre,ParamaribowasheldonFriday16thSeptember2011 atMusic classroom, ICC. In examMrs.MadhumitaBose,music teacher, ICC, took thepractical, theory (oral) tests and10Alankars3 rags andsometheorypart.

WORKSHOPFORMUSIC,DANCEANDYOGAATNICKERIE

IndianCulturalCentre,ParamariboorganizedaWorkshopforMusic,DanceandYogaatNickerie District which is 230 Kms. from Paramaribo on Saturday 17th September2011. inaboveworkshopMrs.MadhumitaBose,music teacher, ICCdiscussedSwaras,sound&taughtoneDiwalisongattheworkshop.Childrenwithintheagegrouptentotwenty attended theworkshop. Yoga Teacher,Ms. Suchint Kaur Sodhi Importance ofhygiene and health and Yoga practices like Pvanmuktasana, Naukasana, ArdhasanaHalasan, Bhujangasana etc and breathing awareness & Om chanting were taught.KathakDanceTeacher,Ms.NamrtaRaiexplainedtherudimentsofkathakdanceattheworkshop.

WORKSHOPONSAREEDRAPINGAn Indian Saree Draping Demonstration

workshop wasorganised by

Embassy/ICCladies group on21st September2011 at ICC, topromote Indiancostumes. Over30% of the

SurinamesepopulationisofIndianorigin,andtheyliketoweartraditional Indian dresses such as sarees duringmarriages, Indian festivals and other socialgatherings.Onthespecialrequestofthelocalladies,various styles of sarees draping from Indian Statesof U.P., West Bengal, and Gujarat etc. weredemonstratedtoanaudiencenearly40women.Mrs.ManjeetSodhi,wifeofH.E.AmbassadorofIndiaalsograced the occasion. The workshop was wellappreciatedbytheparticipants.

CELEBRATIONOFINTERNATIONALDAYOFPEACETheInternationalDayofPeacehasbeencelebratedatYogaHall,IndianCulturalCentre,ParamariboonWednesday21stSeptember2011,incollaborationwithBrahmaKumariMission,Paramaribo.Onthisoccasionfewspeechesrelatedtoimportancetointernationalpeaceatpresentscenarioweredelivered,followedbyaculturalprogrammeinwhichBhajanwaspresentedbyMrs.MadhumitaBose,vocalmusicteacher,ICCandthedancepresentationbylocalartistswasalsopresented.

LECTUREONMIGRATION,MEMORYANDCULTURE(ADISCUSSIONONBHOJPURIDIASPORA)Alectureonthetopicof Migration,MemoryandCultureAdiscussiononBhojpuriDiasporawasdeliveredbyProf.BadriNarayanTiwariavisitingProfessor,IndiaatYogahall,IndianCulturalCentre,ParamariboonThursday22ndSeptember2011.TheprogrammestartedwithaspeechofH.E.AmbassadorofIndia,ShriKJSSodhifollowedbyProf.Hassankhan,ExMinisterofHomeAffairs.Prof.BadrinathTiwariedeliveredhislecturecumpowerpointpresentationwhereheexplainedthe termof Bidesiya,PardesiyaandBatohiya.Hedescribed theroutecauseofmigrationfromBhojpurareaanditsimpactonculture.

Page 12


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TRADEENQUIRIES

ListofCommercialInquiriesReceivedfromIndiainSeptember2011NameoftheCompany Product

1. RajnishNimbark/

LavanyaNimbark532,DeviNagar,RoadNo.3,N.S.Road,Sodala,Jaipur,RajasthanTel:+911412297721;Mob.+919314509233/9829266556Email:[email protected]/[email protected]

PaintingWorkonHandmadePaper,OldPaper,SyntheticIvory,Wood,Leather,Canvas,Cotton,Silk,MarbleTiles,Grainsetc.

2. AvinashKakadeCEODestinyExports,MSEBHousing.Society,2ndlane,JunaDhamaniRoad,Visharambag,Sangli416416,MaharashtraTel:918600144731Email:[email protected]

AgricultureProductslikeFreshFruit,FreshVegetable,Spices,DryFruitsandMilkProducts

3. JigneshLabChemsTel:+8530458365Email:[email protected]:www.labchems.8rf.org

PharmaceuticalandLaboratorywareinstrumentsandGlasswareproducts.

4. 4. VishnuG.DevSectorNo:9/C54/203,Shantinagar,MiraRoad(East),Thane401107.Tel:[email protected]

FrozenMarineProducts

5. SanginiSharmaSr.ExecutiveInternationalMarketingLabhGroupofCompaniesEmail:[email protected]:www.labhgroup.com

Execution of Turnkey projects for Food, Agro, Pharma,Chemical,Textile,Constructionandotherindustries/ variousEngineeringitems,FoodandAgroitemsetc.Providing technical and management Consultancy, GlobalPlacement,GlobalHealthcareandotherservicebusinesses

6. AmitGuptaAmpleAgroOverseas,Jaipur,RajasthanTel:+919887601000Email:[email protected]

Agro,Herbal&SpicesProducts

7. NagarajuManagingDirectorVPSROCKDRILLNo.170,2ndFloorHegganhalliHegganhalliMainRoad,VishwanidamPost,Peenya2ndStage,Bangalore560091,Karnataka Tel:+919980073923/9448703923EMail:[email protected]/[email protected]:www.vpsrockdrill.com

DTHproductsandotheralliedequipmentforWaterwellDrilling,Mining,Construction,CivilEngineeringandQuarryingOperations

8. RajatJunejaExecutiveInternationalmarketingNexgenFluoropolymersPvt.Ltd.Tel:+919718156759Email:[email protected]:www.nexgenfluoro.com

PTFE Rods,Sheets,Bushes,Tubes,Gaskets,EnvelopeGaskets,GlandPackings,MechanicalSeals,Bellows,ThinWalltubes,Diaphragms,Etchedsheets,PTFEFabrics,BallValveSeatRings,Vrings,ExpandedTapes,LinedValves,LinedPipes,LinedPipeFittingsandothercustomizedproducts


9. InderjitSinghSalesDirectorGodsonAutoPvt.Ltd.Mob:+919876199056Email:[email protected]

UBolts,WheelBolts,TractorLinkageParts&AutoPartsNuts/Bolts/WahersAutomotive,Industrial,RefineriesEtc.ThreadedRodsUsedInConstructionPurposes

10. InjelaZainiZiforEnterprisesBandriKaNasik,CharDarwaza,Jaipur302001,RajasthanMob:+919694704074Email:[email protected]/[email protected]

AgroandHerbal&SpicesProducts

11. Mohd.AzimKhanAzraInternationalPlotNo.50A,LaneNo.4,BehindGeejgarhVihar,22Godown,Jaipur302006,RajasthanEmail:[email protected]

Handicrafts,GiftItems&Accessories

12. TanyaSoniDhanyaAgroHerbs286287,NarayanMansion,VasundharaColony,TonkRoad,Jaipur,RajasthanTel:+919587436195/9828817798Email:[email protected]

AgroProducts

13. KirtikumarPatelProprietorPriyankaIndustries13B,KamaldeepIndustrialEstateKhatraj,TalukaKalol382721Gandhinagar,GujaratTel:+912764281785;Telefax:+912764281253Email:[email protected]

FireFightingEquipmentandFittings

14. EdwinaAntonySuturesIndiaPvtLtdNo.472D,13thCross,4thPhase,PeenyaIndustrialArea,Bangalore560058Tel:+918041868000;Fax:+918041171056Mob:+919916888976Email:[email protected]:www.suturesin.com/www.truskinglove.com

SurgicalSutures(AllVarietiesOfAbsorbableandNonAbsorbable),HerniaMesh,Bonewax,SurgicalGlovesandSurgicalTapes

15. AshishKaranpuriaNutechPolymerPvtLtd36,CharakMargAmbamataSchemeUdaipurRajasthanTel:+919950198628Email:[email protected]

HDPE/PPWovenFabrics,BagsandSpecialityChemicalsforTextileIndustries

16. AshokArumughamVicePresident&ExecutiveDirectorArumugaGroupofIndustries636/15,RajapalayamRoadChatrapatti626102Tel:+914563257559/69/79Fax:+914563257340/430Email:[email protected]:www.arumuga.com

MedicalGauzeBandages

17. AgilamJeyabalenManagingDirectorEmail:[email protected]

coconut


18. AmitBansalManagerIndoSatiInstruments&Chemicals3674,TimberMarket,AmbalaCantt.Tel:+911714000131/2600131Fax:+911714001131Mob:+919416082131Email:[email protected]

LaboratoryEquipmentFurnishers,ScientificEducationalInstruments,MedicalCollegeInstruments&Equipment,Pharmacology&PhysiologyEquipment,PharmacyColleges&MedicalCollegeFurnishers

19. SunilNagarS.Kumar&Company52,TeebaShyopurTollTax,SanganerJaipur,Rajasthan302033Mob:919460020458Email:[email protected]

Agro,HerbalandSpiceProducts

20. OmPrakashMob:+919414248567Email:[email protected]

StoneHandicraftsinbothIndianMarbleandSandStone,GoldLeafWork,MiniaturePaintingsandWoodenHandicraftsspeciallyGifts,SouvenirsandMementoes

21. AshutoshPandeyMarketingExecutiveSupremeEnterprisesTel:+911140516900(5lines)Fax:+911140516444Email:[email protected]

MedicalDevises,Implants,Disposables,SurgicalandallalliedproductrequiredforHealthcareFacilities

22. P.BindalShriLalMahalLtd.ShriLalMahalHouseB16BhagwanDassNagar,NewDelhi110026Mob:+919899653536EMail:[email protected]

Rice,&AgriCommodities

23. JayJ.ShuklaBusinessDevelopmentExecutive37,UjagarIndustrialEstate,W.T.PatilMargDeonar,Mumbai400088Email:[email protected]

FinishedFormulations

24. RodneyAlfredCreativeInternationalEmail:[email protected]

PlasticCaps/Spouts/Closuresofvarioussizedusedinthelubricantoil,edibleoil,chemical,pharmaceutical,mineralwater,aeratedwaterandvariousotherindustries

BHARATDARSHANMYSOREPALACEMysorePalaceisamongtheworld's31mustseeplacesTheEconomicTimes:October22,2011Bangalore:IfMadameTussaudsinLondonattractsthemaximumnumberoftouristsfromacrosstheworld,themajesticMysorePalaceranksaclosesecondinthelistofthemostvisitedplacesontheglobe.Inyetanotheraffirmationofitsdrawingpower,theNewYorkTimesrecentlylisteditasoneofthe31mustseeplacesonEarthfortwoconsecutiveyears.Thepalaceplayshosttoanaverage2.5milliontouristseachyear.Goingbythegrowingtouristfootfalls,Karnatakatourismdepartmentofficialssayitcouldwellbethenumerounosoon.FeedbackfromtouristsfromtheUK,Spain,Franceandothercountriessuggeststhatthepalacehasmesmerizedvisitors.ManywonderwhyBuckinghamPalacehasbeenconsideredmagnificentforsolongwhentheMysorePalacecanboastofsuperiorconstruction.In2010,MysorePalacehadadomesticvisitorfootfallof3.1millionandanother70,000fromabroad.OtherplacesinMysoreplayedhostto7milliondomesticand12,000internationalvisitors.Thefirstninemonthsof2011haveseen2.4milliondomesticvisitorsand60,000internationalvisitorstouringthepalace.Thecity,ontheotherhand,receivedawhopping6.75milliondomesticand25,000foreigntouriststillSeptember."TheMysorePalaceandthecityattractalargenumberoftouriststothestate.HardlydoesMysoregetleftoutofatouritineraryinvolvingeitherKarnatakaorsouthIndia,"saysaseniorofficialofthetourismdepartment.ToursthatstartinTamilNaduandendinBangaloreenterKarnatakafromWayanadthroughNagarahole,MysoreorHassanbeforereachingBangalore.foronwarddepartures.AlotoftoursenterKarnatakacomingthroughOoty,BandipurandMysoreandconcludeatBangalore."Mysoregeneratesahandsomerevenueforthestate,"seniortourismofficialssaid.It'sevidentbythefactthatthreenewhotelsarecomingupinabigwaytocashonthegrowingbusiness.ReadyingtheirinfrastructureareRadissonBluPlaza(170rooms),SheratonMysoreHotel(220rooms)andtheCountryInnSuites(130rooms),allexpectedtostartoperationsinoneyear."ThefactthatMysoreisalsopopularasahubforwellness,yogaandmeditation,amongotherthings,contributesinabigwaytobringgoodrevenueforthestate,"saysVinitaRofWindflowerSpaandResortsinMysore.

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BHARATDARSHANMYSOREPALACE

EmbassyofIndia

Address:Dr.SophieRedmondstraatNo.221,PostBoxNo.1329,Paramaribo,Suriname

Tel:(0597)498344/531448/531449(General)Telefax:(0597)491106/499382

Email:[email protected];[email protected];[email protected]:

TheEmbassyisopenfrom0800hourstill1630hoursfromMondaytoFriday(exceptonholidays)andisclosedonSaturdayandSunday.TheConsular&VisaSectionoftheEmbassyisopenfrom09001200hoursfromMondayFridayandisclosedonSaturdayandSunday

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India e-Newsletter October 2011

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