Welcome 2012IACC NewsletterIssue #1, January 2012 By IACC Head Office, Mumbai
IndexContents Index ................................................................................................................................ 2 President’s Message ......................................................................................................... 4 From the Secretary General’s Desk .................................................................................... 6 Happenings at IACC ........................................................................................................... 7 Indo-US Corporate News ................................................................................................. 23Boeing looks to expand association with BEL ....................................................................................... 23Intel Capital homes in on three Indian start-ups for investment ......................................................... 23GAIL inks $20 billion deal with US firm ................................................................................................. 24Reliance Industries to Enter Financial Services in JV with New York based DE Shaw .......................... 25KFC overtakes Pizza Hut as Yum!s largest brand in India .................................................................... 25Kotak Mahindra Capital, Evercore Tie Up for Cross-border M&A Services .......................................... 26Indo-US CEO Forum asked for FDI in retail: Govt. ................................................................................ 26Pizza Hut to operate 250 restaurants in India by 2015......................................................................... 27Dell to increase focus on small & medium businesses ......................................................................... 28 India’s Investments in U.S ................................................................................................ 29RIL Buys Stake in US Nuclear Reactor Design Company ....................................................................... 29Ventureast Invests $5 Million in Orca Systems..................................................................................... 29Aditi Technologies Announces Acquisition of Cumulux, Microsoft Cloud Partner of the Year ............ 29 US investments in India ................................................................................................... 31Goldman Sachs Acquires 6.47% Stake in Max India ............................................................................. 31Morgan Stanley to pump in $125 million in Mumbai realty ................................................................. 31Equity International to invest $75 million in SAMHI............................................................................. 31Bunge Inc. To Acquire Edible Oil Business of Amrit Group for $ 78 million ......................................... 32AptarGroup Inc. buys Hyderabad’s TKH Plastics for $18 million .......................................................... 33US-based Briggs & Stratton Acquires Premier Power For $3M ............................................................ 33HT Media and Apollo Global Inc., Form Joint Venture to Provide Educational Services ...................... 34US Realty Co Portman Holdings Picks Stake in Pune’s Tuscan Estate................................................... 34Omnicom Group Inc. Enters Agreement to Acquire Majority Stake in Indias Mudra Group .............. 35Caterpillar expanding in India: to invest $ 3 billion in next 5 years ...................................................... 36Not-for-profit Teach For India Secures $2.5M From Omidyar Network............................................... 36Norwest Invests $5 million in Former eBay India Heads E-com Start-up ............................................ 37UTC Climate Acquires Controlling Stake in Agnice Fire Protection ...................................................... 38
In the News..................................................................................................................... 39Visa norms for expats working at senior positions relaxed .................................................................. 39US appoints first woman Ambassador to India .................................................................................... 40US University to launch residency Programme in India........................................................................ 41US House approves bill seeking faster green cards for Indian tech professional’s news ..................... 41Farokh Balsara, Ernst & Young India Media and Entertainment Leader to now lead the EMEIA ........ 42Mr. Hemant Sonawala honoured with Lifetime Achievement Award by CSI …………………………………….42HARMAN CEO, Dinesh Paliwal Receives Prestigious Corporate Leadership Award ............................. 43US keen to partner with India on healthcare........................................................................................ 44India is third-largest buyer of US arms ................................................................................................. 45US, India advance bilateral relationship despite frictions .................................................................... 45DGHI Receives USAID Award for Indoor Air Pollution Research........................................................... 47US plans to provide technical assistance for setting up 30 agricultural hubs in the eastern states. ... 48Anti-outsourcing US bill targets Indian call centers .............................................................................. 48DuPont rejigs leadership in India .......................................................................................................... 49Mahindras US emission certificate to expire in December.................................................................. 50India, US discuss economic, strategic cooperation............................................................................... 51Moodys upgrades Indias debt rating .................................................................................................. 53India, US discuss civil nuclear and other issues .................................................................................... 53USTR Announces Results of Special 301 Review of Notorious Markets ............................................... 54 Indo-US Trade Statistics ................................................................................................... 56 Calendar of IACC Events for 2011-12 ................................................................................ 58 International Trade shows ............................................................................................... 59 How to reach us: ............................................................................................................. 74
President’s MessageChange is the only constant. In the last two months of 2011,S&P and Fitch downgraded several major banks. A couple ofdays ago, S&P stripped France of its prized AAA credit ratingand downgraded eight other European countries. Globaleconomic turmoil continues. Natural disasters, climatechange, political unrest in parts of the world, economicinequality etc. are growing.In the midst of this each of us, individually and as a society, need to ask ourselves about the bigger picture.Criticism of others is easy and therefore common, but largely meaningless. Self-assessment and contributionto the common good can be far more meaningful. Adaptation to the realities of today, rather than rigidlyfollowing systems and thought-processes that were put in place in a different era, are essential. Increasedtrust and participation, rather than distrust and growing distance between stakeholders, can only help. Whilechecks and balances are important, these can also result in paralysis in action for fear of retribution. In theUSA and India we elect our leaders. Having done that, how do we support them?What tools do we need to create more entrepreneurs amongst our youth? More thought leaders, and sharingof positive thoughts rather than mindless criticism? Less greed and more compassion? A sense of securitythrough our education systems, rather than insecurities amongst the educated. How can IACC play a biggerand better role as a bilateral chamber of commerce between two great countries and its people?IACC continues to have meaningful events and interactions on various relevant issues. I mention some ofthese below.We supported the International Taxation Conference organized by Foundation for International Taxation (FIT),which was held in Mumbai on 1st December, 2011. This provided an effective platform for informed debate onthe proposed Direct Tax Code, International Tax Structuring for Investing Abroad; Indirect Tax Development;Anti-Avoidance Rules, Practices and Treaties; Transfer Pricing & recent International Taxation Developments inIndia & abroad. The conference attracted 530 delegates from about 35 countries. Nearly 40 senior IndianRevenue officials took part in the deliberations of the conference, with experts including Mr. R N Dash,Director General, International Trade and Mr. Sanjay Mehra, India’s Competent Authority.Our focus on development of SME’s and for bringing about synergy between Indian and US business is wellrecognized. We have been organizing programs for SMEs across the country. Mr. Mitul I. Desai, SeniorAdvisor for Strategic Partnerships, Bureau of South and Central Asian Affairs, U.S. Department of State,addressed a round table on SMEs held by IACC in Mumbai, 20th December, 2011. An IACC supported SMESummit was organized on 8th December, 2011 in Ahmedabad. Importantly, a one-day sensitization Workshopwas jointly organized by Indo-American Chamber of Commerce, Varanasi Branch. MSME – DevelopmentInstitute, Varanasi and Ramnagar Industrial Association, Chandauli on the topic “Sensitization Workshop onWorld Trade Organization (W.T.O.)” on 17th December, 2011.IACC has been providing a platform for Indian and US experts for sharing information and expertise to makeour relationship more dynamic and sustainable. IACC’s Kerala branch, jointly with the National Institute ofPersonnel Management, Trivandrum organized an interactive session with Ms. Jennifer A McIntyre, Consul
General, U.S. Consulate, Chennai, at Trivandrum on 12th December, 2011. Ms. McIntyre addressed theaudience on ‘Indo-US Economic Management’. She also addressed a meeting organized by IACC atPondicherry on Monday, 5th December, 2011 to explore opportunities in enhancing business ties between U.Sbusinesses and the City of Pondicherry. Mr. James Golsen, Principal Commercial Officer, Chennai ConsulateGeneral presented an overview of the support of U.S. Commercial Service in India for promotion of Indo-UStrade.Visa issues are often discussed. We provide a platform for direct interface with US authorities on this sensitivematter. An update on U.S. business visas was given by Mr. Michael Cathey, Chief of Non-Immigrant Visas, U.S.Consulate, Chennai on 5th December, 2011 in Pondicherry. A similar Interactive Session on US VisaApplications and procedure was also held on 22nd December, 2011 at Kolkata, by the Eastern Regional Councilof IACC. Ms. Jessica Pfleiderer, US Vice Counsel, US Consulate, Kolkata addressed the meeting.We have some excellent upcoming events and delegations. Let us work together to contribute to a bettertomorrow.Anand DesaiNational President, IACC
From the Secretary General’s DeskDear Members,IACC has come a long way in rendering over 43 years of service to the nation, business, trade and industry. Ourgoal is to make IACC a one stop-shop on Indo-US Business and Trade. We at IACC are constantly evolving andaddressing the industry needs and their expectations. In order to facilitate business collaborations we areproviding B2B services. I would urge you to register your organization under the B2B program if you have notalready done so.IACC welcomes and looks forward to Ms. Nancy Powell as the US Ambassador to India. Ms. Powel is not onlythe first woman to head the US mission in Delhi, but also the first career diplomat to take over the crucial postin nearly 15 years. IACC has worked and interacted with her during her earlier stint as political counselor inDelhi and as Consul General in Kolkata.I would also like to take this opportunity to congratulate our Past National Presidents Mr. Hemant Sonawalaon being conferred the ‘Life Time Achievement Award” by Computer Society of India and Mr. Farokh T. Balsaraon being appointed as the Media & Entertainment industry leader for Europe, Middle East, India & Africa(EMEIA) region for E&Y. Based in Mumbai, Farokh has been Ernst & Young’s M&E Practice Leader in India.This issue covers regular features like Indo-US Corporate News, Happenings @ IACC, Indo-US Trade Statistics,IACC’s upcoming events, International trade fairs in USA & India amongst others. This newsletter is anattempt to further the cause of increasing trade between Indo-US Business Houses. We hope you find thisendeavor useful and inspiring.R.K. ChopraSecretary General, IACC
Happenings at IACC International Taxation Conference – 2011 December 1-3, 2011, ITC Maratha Hotel, Mumbai Roy Rohatgi, welcoming delegates at the International Tax Conference 2011 supported by IACC at ITC Maratha Hotel, Mumbai R.K. Chopra addressing the audience during the conference
A section of the audience at International Taxation ConferenceIACC supported the International Taxation Conference organized by Foundation for InternationalTaxation (FIT), held at ITC Maratha Hotel in Mumbai from December 1-3, 2011. There were 530delegates with over a third of them from overseas from around 35 countries. Nearly 40 senior IndianRevenue officials attended the conference, including Mr. R N Dash, Director General of InternationalTaxation, and Mr. Sanjay Mishra, Indias competent authority, as speakers. On final day Mr. MukeshJoshi presided over the concluding session of the conference.This conference encourages open dialogue for exchange of ideas between the taxpayers and taxadministration, which was also covered by Bloomberg TV Channel as media partners. Experts from allover the world held discussions on Direct Tax Code; International Tax Structuring for Investing Abroad;Indirect Tax Development; Anti-Avoidance Rules, Practices and Treaties; Transfer Pricing & recentInternational Taxation Developments in India & abroad.
West India CouncilCommemoration and opening of the new U.S. Consulate General Mumbai, on December 16, 2011(L-R) Mr. Anand Trivedi, Regional Director, IACC-WIC; Mr. Anand Desai National President, IACC with Mr. William J. Burns, U. S. Deputy Secretary of State at the commemoration and opening of the new U.S. Consulate General in MumbaiSME Roundtable Discussion with Mr. Mitul Desai, Senior Advisor for Strategic Partnerships, Bureau of South & Central Asian Affairs, U.S. Department of State on December 23, 2011, at the Jayant Dalal, Conference Room, Churchgate, Mumbai.Mr. Mitul I. Desai, Senior Advisor for Strategic Partnerships, Bureau of South and Central Asian Affairs, U.S. Departmentof State in round table discussion with the IACC SME and Committee Members and Dr. L. S. Kanodia, Regional President, IACC – WIC.
Mr. Mitul I. Desai discussing & highlighting the importance of linking U.S. and Indian SMEs with IACC SME and Committee Members.Mr. Mitul I. Desai, receiving the memento of Lord Ganesha & a bouquet of flowers from Dr. Kanodia, Regional President,IACC & Ms. Poorvi Chothani, IACC - WIC Committee Member & Managing Partner, LawquestMr. Mitul I. Desai, Senior Advisor for Strategic Partnerships, Bureau of South and Central Asian Affairs, U.S.Department of State met IACC Regional President, IACC members and the secretariat on 20th December, 2011at the IACC office for a round table discussion. The meeting was interactive and mainly focused on mappingthe landscape of how Indian SMEs think about their US counterparts, how do they learn about opportunities inthe US, the challenges and opportunities and variances in sectors.Members shared their experiences and ways in which SMEs in India and the US could work together. Mr. MitulDesai thanked the members present and IACC for convening such an informative session.
Pune Branch“Master keys that Control World Trade” a talk by Mr. Praful Talera on December 9, 2011 Mr. Praful Talera, M.D, Dynamic Logistics delivering the talk. Crowd Interacting with Mr. Praful Talera during the session
Mr. Praful Talera being felicitated by Mr. Amarnath Mahashabde, Chairman, IACC-PuneIndo-American Chamber of Commerce (IACC), Pune Branch, invited my Mr. Praful Talera- MD DynamicLogistics, to present a talk on “Master keys that Control World Trade”.Through his talk, Mr. Talera explained that there are certain specific points on the globe which are vital notjust for the conduct of world trade, commerce and economics but also its politics. These are the fundamentalpremises on which everything in the modern world is based – its geopolitics as well as its geo-economics. TheBritish Empire at its peak controlled, of these choke points and the Ottoman Empire before them controlled. “Innovation at Breakfast” Session – 4 on “Innovation for Emerging Markets” on December 16, 2011, at Le Meridien, Pune Mr. Amar Variawa, GM Manufacturing Services- John Deere Technology Center, addressing the audience
Mr. Variawa shared his views & examples on what elements of Innovation are important for countries like India and where do they need to be assessed with a different perspective. Panel Discussion & Interactive Session in progressPanelists (L-R) Mr. Sunil Earath- VP Operations of Battelle India, Mr. Suresh Joshi – MD of Cache Technologies Pvt. Ltd.,Mr. Prashant Pansare MD & CEO Inteliment Software Tech I Pvt. Ltd. & Mr. Amar Variawa
Mr. Ashutosh Parasnis, M.D, PTC Software (India) Pvt. Ltd. Interacting with the crowd, while seated are the panelists during the Interactive sessionIACC Pune Branch conducted the 4th Session of the Innovation at Breakfast Series at Le Meridien, Pune. Thetopic for the Session was “Innovation for Emerging Markets” presented by Mr. Amar Variawa, GeneralManager- Manufacturing Services, John Deere Technology Centre, PuneThe session was well received and attended by 25 participants of known organizations like Eaton IndustrialSystems Pvt. Ltd., Schlumberger, Vodafone, Battelle India, Deloitte Haskins & Sells, Inteliment TechnologiesPvt. Ltd etc. to name a few.
Gujarat Branch SME SUMMIT-2011, December 8, 2011 at Cambay Grand, Ahmedabad (L-R) Mr. Nanda Nandan Mahapatra-VC, Textile Association India, Ahmedabad Unit (TAI), Mr. Sunil Kakkad, Chairman, IACC Gujarat Branch, Mr. Jaimin R. Vasa, President, Gujarat Chemical Association (GCA), Mr. Vishad Rahangdale, Chief Information Officer, Electrotherm IndiaSME Summit was organized in Ahmedabad. This SME Summit helped participants to learn how to set up andgrow a business, as well as business practices that lead to success. The conference was a platform for SMEs toshowcase their expertise, interact with colleagues and experts, along with learning about new opportunities tobe explored.Following two enthralling panel discussions and three individual sessions formed the power packed agenda ofthe summit.A New Business Technology Paradigm: The New Promise of Information TechnologyThe panel discussion was chaired by Mr. Sunil Kakkad Chairman-IACC, Gujarat Branch. He gave a widespectrum of knowledge on why and how Technology should be adapted into your business, other speakers forthe summit were, Mr. Jaimin R. Vasa, President, GCA; Mr. Nanda Nandan Mahapatra, Vice Chairman, TAI; Mr.Vishal Rahangdale, CIO, Electrotherm India, spoke extensively about technology.The Changing Role of CFOs in SMEsCFO is a financial conscience of the organization. CFOs can turn SMEs into strategically and smartly managedwith various financial and non-financial value drivers. This panel was addressed by Mr. Vikram Oza, Director-Finance, Jindal Worldwide; Mr. Naveen Bohra, CFO, Metro Tel Work; Mr. Subir Basak, CEO, CelestialBiologicals; Mr. Ashutosh Y Shukla, MD, Aerotherm Products. The highly enthusiastic delegates werecaptivated with the first-hand perspective they got on some of the most essential aspects which defines thesurvival, existence and growth of any business.IACC, Gujarat Branch was Associate partner to the SME Summit organized by Silicon India at Ahmedabad.Silicon India is 13-year old media firm. They publish two technology & business magazines—one in the U.S andthe other in India.Expert’s opinion was “SME Summit Ahmedabad is a platform for the SME Owners to turn ideas into profitableones”. The Summit was followed by dinner
North India Council Varanasi BranchSensitization Workshop on World Trade Organization (W.T.O.), December 17, 2011, at KLG Motiwala Smriti Bhawan, Varanasi CA Mukul Kumar Shah, Chairman, IACC, Varanasi Branch addressing the audience(R-L) CA Mukul Kumar Shah , Mr. J.C. Pandey, Director, MSME – Development Institute, Allahabad, Mr. R.K. Chaudhary, President, Ram Nagar Industrial Association, Chandauli, Mr. Indra Mohan Dubey, Joint Director of Industries, Varanasi Mandal, Varanasi, Mr. D.K. Srivastava, Dy. Director In-charge, Br. MSME – Development Institute, Varanasi
Audience during the ProgrammeOne day sensitization Workshop was jointly organized by Indo-American Chamber of Commerce, U.P. Branch,Varanasi, Br. MSME – Development Institute, Varanasi and Ramnagar Industrial Association, Chandauli on thetopic, “Sensitization Workshop on World Trade Organization (W.T.O.)” on 17th December, 2011 in Varanasi atKanhaiya Lal Gupta Motiwala Smriti Bhawan, Rathyatra, Varanasi. Mr. Indra Mohan Dubey, Joint Director ofIndustries, Varanasi Mandal, Varanasi was the Chief Guest and Mr. R.K. Chaudhary, President, Ram NagarIndustrial Association, Chandauli was Guest of Honour. The function was presided over by Mr. J.C. Pandey,Director, MSME – Development Institute, Allahabad. Mr. I.B. Singh, Assistant Director, Br. MSME –Development Institute, Chandpur, Varanasi was instrumental in organizing this Programme. Dr. ShardulChaubey, Reader, School of Management Sciences, Varanasi about “WTO Structure, Functions and its Multi-Fibre Agreement” and Dr. Ravi Shekhar Vishal, Lecturer, School of Management Sciences, Varanasi appraisedon the topic, “Tariff Barriers, Opportunities for MSMEs Scenario, Benefits to Exporters.” Mr. D.K. Srivastava, Dy. Director In-charge, Br. MSME – Development Institute, Chandpur, Varanasi welcomedparticipants and guests of the Workshop and expressed the hope that latest information imparted in theProgramme would immensely benefit the participants and help in solving some of the seriousmisapprehension about the implication of various provisions of the W.T.O. Addressing the audience, ChiefGuest Mr. Indra Mohan Dubey said that five cluster scheme are being planned to develop in Varanasi, Bhadohiand Mirzapur. CA Mukul Kumar Shah, Chairman, IACC, U.P. Branch, Varanasi briefed the audience aboutvarious activities of the IACC, Varanasi. He also spoke about G.I. Registration of Bhadohi Carpet and role ofIACC in obtaining the same. Speaker Dr. Shardul Chaubey, Reader, School of Management Sciences, Varanasicovered following salient features of W.T.O.:The root of World Trade Organization (started on 1st January, 1995) lays in General Agreement on Tariffs andTrade (GATT) which was established in 1948 by 23 original founders – India being one of them. At presentW.T.O. have nearly 149 countries. It covered all Trade from toothbrushes to pleasure boats, from banking totelecommunications, from genes of wild rice to AIDS treatment. It was quite simply the largest tradenegotiation ever undertaken in human history.Functions of WTO: The WTO is the umbrella organization responsible for overseeing implementation of allagreements – multilateral (signed by all WTO members) and plurilateral (signed by a group of members forspecific issue) that have been negotiated under Uruguay Round of will be negotiated in future. Secondly, it isto provide a forum for further negotiations on matters covered by the agreements as well as on new issues.Thirdly, it is responsible for settlement of disputes among member nations. Fourthly, it is responsible forperiodic reviews of the Trade policies of the member’s nations.
Detailed and clear guidelines have been provided in the WTO agreement, on carrying out of these functions asdispute settlement body of appellate body, trade review body, implementation of reports, issues ofcompliance, etc.The fundamental basis of trade under W.T.O. is to treat other countries equally – meaning that countriescannot normally discriminate between their trading partners. For example, if one country grants a specialfavor to someone (such as a lower customs duty rate for one or more products), then that particular countryhave to do the same for all other WTO member countries. This principle is known as most-favored-nationtreatment. This principle is so important that it is the first article of the General Agreement on Tariffs andTrade (GATT), which governs trade in goods. Provisions of W.T.O. also ensure that trade barriers would notbe raised arbitrarily and market opening commitments would be binding in the WTO.Speakers impressed upon that in the changed global economic environment which has been greatly affectedby the institutions like I.M.F., World Bank and W.T.O., it is very important for Indian business to understandimplications brought about by these institutions for global competition. The W.T.O. regime in the lightof various rounds of talks between member countries has become a very critical bargaining tool for analyzingcountries in order to gain market access into the developed world. The regional trade agreements which areanalyzed as being exceptions to the multi-lateral negotiations are also playing a critical role in expanding tradebetween W.T.O. members. The opportunities that will arise for Indian exporters after coming up of thevarious regional trade agreement as well as extension of the European Union were also dealt upon.The Workshop also discussed tariff, non-tariff and cultural barriers for conducting business in the globalizedborderless W.T.O. regime. Different behavioral patterns of business negotiators of different countriesattracted special attention during the Workshop. After lectures of speakers, question-answer session followedand queries were answered by the speakers.Members of IACC, Varanasi Mr. Hari Prasad Murarka, Mr. J.P. Mundra, Mr. R.K. Goel, Mr. V.G. Unni, Mr. Raj J.Agrawal, Mr. Rajesh Kumar Srivastava, Mr. Niyaz Ahmad, Mr. R.C. Jain, Mr. Chandramani Maurya, Mr. ArunKumar Agrawal and others attended the Workshop besides large number of businessmen & exporters andbank officials of Varanasi.Mr. R.R. Pathak, Asst. Director, Br. MSME – Development Institute, Varanasi proposed Vote of thanks to allspeakers and participants of the Workshop.
East India Council Kolkata Branch Interactive session on ‘US Visa Application & Procedure’ held on December 22, 2011, at the Calcutta Club, Kolkata. Welcome address being given by Ms. Heena Gorsia, Regional President, East India Council (EIC) A memento being presented to Ms. Jessica Pfleiderer, US Vice Consul, US Consulate General, Kolkata by Ms. Heena Gorsia, and Mr. Subharthee Dey, Regional Vice President, EIC.
(R-L) Mr. S D Mookerjea, Regional Vice President, EIC, Ms. Jessica Pfleiderer, Ms. Heena Gorsia, Mr. Subharthee Dey; Ms. Madhusree Daityari, Regional Director, EIC at the presentation on US Visa Application & Procedure’
South India Council Kerala Branch An Interactive session on ‘Indo-US Economic Management’ with Ms. Jennifer A McIntyre, Consul General, U.S Consulate, Chennai held on December 12, 2011 Ms. Jennifer A McIntyre, addressing the audience during the session in TrivandrumOn the Dias ( L-R) Dr. G.C. Gopala Pillai, Chairman, IACC-Kerala; Mr. T. Balakrishnan, Former Addl. Chief Secretary, Govt. of Kerala & Mr. K. Yesodharan, Vice Chairman, NIPM (National Institute of Personnel Management) Trivandrum.Indo-American Chamber of Commerce, Kerala branch jointly with the National Institute of PersonnelManagement, Trivandrum organized an interactive session with Ms. Jennifer A McIntyre, Consul General, U.S.Consulate, Chennai, at Trivandrum.Ms. Jennifer addressed the audience on ‘Indo-US Economic Management’. Mr. T. Balakrishnan, formerAdditional Chief Secretary, presided over the session. Dr. G.C. Gopala Pillai, Chairman, Indo-AmericanChamber of Commerce-Kerala and Chairman, Public Sector Restructuring Board welcomed the gathering. Mr.K. Yesodharan, Vice-Chairman, NIPM-Trivandrum proposed a vote of thanks. Mr. Matthew K. Beh, Politicaland Economic Officer, Ms. Sarah J. Talalay, Vice Consul, and Mr. Finny Jacob, Economic and Political Specialistwere also present. Annual Small Enterprise Lecture - 2011, in Kochi on December 8, 2011 (L-R) Dr. P.M. Mathew, Director, ISED Cochin; Sir. William Mark Tully, Dr. K.N Kabra, Chairman, ISED Cochin; Mr. Shyam Srinivasan, CEO, Federal Bank & Dr. G.C. Gopala Pillai, Chairman, IACC-Kerala. Veteran Journalist Padmabhushan Sir. William Mark Tully speaking on the topic ‘Small is Beautiful’ at the Annual Small Enterprise Lecture 2011 in Kochi
Tamil Nadu Branch Interactive Session with U.S. Consul General Ms. Jennifer McIntyre, on December 5, 2011, at Pondicherry Thiru P. Mathew Samuel, I.A.S, Special Secretary, the Govt. of Pondicherry Industries, Thiru. B.R. Babu, I.A.S., Special Secretary to Govt. of Pondicherry - Tourism respectively, is giving the overview of the industries to participants A cross section of audience on Breakfast MeetingIndo-American Chamber of Commerce organized an interactive session with the U.S. Consul General inChennai Ms. Jennifer McIntyre at Pondicherry. The objective of the meeting was to explore opportunities inenhancing business ties between U.S business and the City of Pondicherry.Ms. McIntyre began her duties as Consul General in August 2011 and this was her first visit to the City ofPondicherry. Mr. James Golsen, Principal Commercial Officer, Consulate General presented an overview ofthe support of U.S. Commercial Service in India for promotion of Indo-US trade. A brief outline on thedevelopment of industry and the tourism sectors in Pondicherry were addressed by Thiru. P. Mathew Samuel,I.A.S., Special Secretary to Govt. of Pondicherry - Industries and Thiru. B.R. Babu, I.A.S., Special Secretary toGovt. of Pondicherry - Tourism respectively.In his welcome address Tamil Nadu Branch Chairman of IACC, Mr. Raman Govindarajan, provided insight onIACC’s activities, details of past events, and plans for the coming months.An update on U.S. business visas was given by Mr. Michael Cathey, Chief of Non-Immigrant Visas, U.S.Consulate General, Chennai immediately after the interactive session with the U.S. Consul General. Click here for index
Indo-US Corporate News Boeing looks to expand association with BELThe defence PSU Bharat Electronics Ltd (BEL) which has a partnership with Boeing for the Analysis andExperimentation Centre (A&E Centre) in Bangalore is said to be mulling an additional centre at its Ghaziabadsite near Delhi.Projects such as the A&E Centre, which were set up during 2009 by Boeing, is said to benefit industry partnerswhile providing on an environment for exploring collaborative projects between domestic and foreigncompanies, to work in practice and build on the Boeing experience with defence experimentation bestpractice in other countries.Boeing India’s A&E Centre in Bangalore is the third one outside the US, with the other two in Australia andUnited Kingdom. The centre allows its customers the opportunity to explore options for future systems in avirtual environment. While using the analysis and experimentation methods, the collaborative approachsupports the defence forces in the US, the UK and Australia.The centre is staffed with Indian ex-military operations analysts and, modeling and simulation engineers.Comprising of reconfigurable laboratories and visualization space, the centre draws on the experience fromother nations where experimentation is a part of defence planning and equipment acquisition. Boeing will alsotransfer a number of mature A&E tools that are not commercially available anywhere else.“The tools will be made available for use by the Indian defence customer and our local partners,” said DineshA Keskar, president, Boeing India, adding “this would also allow us to integrate locally-developed intellectualproperty with these established tools.”Boeing is working with the defence community to identify key capability challenges, and the local Boeing teamwill conduct analyses and war fighting experiments. The process will see frequent interactions with thedefence customer to ensure the right experimental questions are developed and, right tools and techniquesare used to address the questions.“The process encourages participation in experiments by experienced serving personnel. This ensures that theexperimentation environment is for purpose and exposes service personnel to future systems options. Theopinions of these personnel can then be fed back to the operational community to improve current and futurewar fighting capability and concepts,” said an official from Boeing. Click here for index Intel Capital homes in on three Indian start-ups for investmentIntel Capital, the venture capital arm of Intel, has announced a series of investments totaling $40 million intechnology start-ups. All the investments were in Asian companies, and three in India. The companiesoriginate from China, India, Japan, South Korea and Taiwan, underlining rising entrepreneurial spirit in theAsian economies. The announcement was made at Intel Capitals annual global summit.Intel Capital is a technology oriented venture capital fund that has been investing in India since 1998. Itsnotable Indian investments include those in Sharekhan; Yatra.com; Policybazar; Nipuna, which offers BPO andother services; Futuresoft, a telecommunications product and services company; India Infoline; Sasken andNIIT.
The three latest additions to the India portfolio are Happiest Minds Technologies — promoted by Mr. AshokSoota, founder of MindTree — TELiBrahma Convergent Communications and Fashion and You. Happiest MindsTechnology, according to Mr. Ashok Soota makes products that result in ‘happy customers, is engaged inproviding cloud services, software products engineering, infrastructure management, security testing andconsulting services.TELiBrahma Convergent Communications is in mobile applications space. According to its founder Mr. SureshNarasimha, the company is growing at 300 per cent year on year over the last three years. Its product usesBluetooth and WiFi technologies for advertisers and retailers. It has tied up with leading automobile andFMCG companies in the country to promote products among mobile users.Fashion and You, promoted by Mr. Harish Bahl, is an e-commerce venture. According to Mr. Bahl, they areamong the largest fashion retailers through Internet out of India, with 1, 50,000 transactions done monthly.The ongoing turbulence in global financial markets does not seem to have impacted Intel Capital, which isgoing ahead with its investment plans. The President of Intel Capital, Mr. Arvind Sodhani, stated that asventure capital funds are long-term investors, these short-term fluctuations do not affect them. In fact, headded, such disturbances provide opportunities for making investments at a better price. In 2011, Intel Capitalhas made worldwide investments of about $472 million in 136 companies. The fund has made 31 exits thisyear out of which six companies completed IPOs and 25 were bought by other companies. Click here for index GAIL inks $20 billion deal with US firmGAIL has entered into a 20-year deal with Sabine Pass Liquefaction, a subsidiary of US-based Cheniere EnergyPartners, to import 3.5 million tonnes a year of gas in ships, a deal that industry sources said is likely to be ofthe size of $15-20 billion and could be a game changer for the Indian market.Sabine Pass has US government licence to export gas unlocked from shale rock and is developing aliquefaction facility on the border of Texas and Louisiana. It is expected to start supplies through the PanamaCanal in the next 8-9 months.The deal could shake up the Indian LNG market with a pricing linked to Henry Hub, the US bulk marketbenchmark for natural gas. All Indian - or Asian - LNG deals have so far been benchmarked to JCC (JapaneseCrude Cocktail, or mix of crude bought by Japan) / Brent at an average of $18 per unit.Sources estimate that Sabine Pass LNG will cost GAIL in the range of $11-13 per unit in spite of entailing ashipping cost higher than West Asian supplies. At present, various importers such as Petronet pay $15-18 perunit for shiploads from the spot market. Petronet has tied up 2.5 million tonnes from Australias Gorgonproject for its Kochi terminal at $18 per unit. "The deal will show how we link the Asian market with the US. Itbreaks the hold (on Indian buyers) of LNG exporters cartel and gives us better (price) bargaining power withother sellers and options of opening the Gorgon deal. The pricing will also derisk GAIL from the domesticmarket," GAIL chairman B C Tripathi told TOI.GAIL director (marketing) Prabhat Singh said Sabine Pass marked a strategic shift for the Indian market andopened up a new LNG sourcing destination. Both, however, did not comment on the deal size or LNG price.Tripathi said the deal would open new avenues for GAIL and put it on the global LNG trading map. "We couldhave our own tankers; that will be a new revenue stream. Our Singapore trading desk is operational and wecould trade some of the LNG globally. Above all, it ensures volumes for our expanding pipeline network." Click here for index
Reliance Industries to Enter Financial Services in JV with New York based DE ShawReliance Industries Ltd, controlled by billionaire Mukesh Ambani, agreed to set up a joint venture with the D.E.Shaw Group to build a financial services company, Reliance said. No financial terms were available. The JointVenture aims to offer an array of financial services to the Indian market, the statement said.Reliance is free to enter almost any sector after Mukesh Ambani and his long-estranged brother Anil ended apact last year that had prevented them from competing in each other’s industries. Mukesh Ambani made adramatic return to telecoms last year with the $1 billion acquisition of Infotel Broadband, the only company towin a nationwide licence for broadband wireless spectrum in an Indian government auction.D. E. Shaw & Co., L.P. is an American-based global investment management firm founded in 1988 and based inNew York City. The firms trading mode is systematic and computer-driven. The firm was founded by DavidE. Shaw, a former Columbia University faculty member and has more than 1,300 employees. The companyhas managed up to $40 billion in aggregate capital and in 2011 had $15.6 billion in assets under managementand was ranked as the 21st largest hedge fund by Institutional Investor. Click here for index KFC overtakes Pizza Hut as Yum!s largest brand in IndiaKFC, which almost quit India due to protests from health and animal rights activists after its debut in 1995, hasovertaken Pizza Hut as the largest-selling fast food chain of Yum! Restaurants, riding on the country areincreasing their appetite for chicken.Worlds largest quick-service restaurant (QSR) chain McDonalds, domestic fried chicken chain Bangs and T.G.I.Fridays restaurant chain too have reported a spike in chicken sales this year, confirming the widening appealof the meat as eating out becomes a habit across the country. "KFC is growing faster than Pizza Hut," saysSandeep Kataria, chief marketing officer of Yum! Restaurants India, while McDonalds says the McSpicychicken burger range is the fastest growing product across its 240 stores.Driving this chicken mania is a number of factors including rising number of nuclear families, youngstersstaying away from home, travel, rising incomes, changing lifestyles and mall culture that has boostedaccessibility, competition and innovations. "There are a lot more innovations both in QSR formats andpackaged ready-tocook and ready-to-eat formats, visibility of these products has gone up, prices are a lotmore aggressive, and marketing spends have increased," says Sushil Sawant, assistant VP of Godrej TysonFoods, a joint venture between Godrej Agrovet and Tyson Foods Inc. that rolled out frozen chicken tikkas andkebabs under Yummiez brand this October.T.G.I. Fridays VP (Marketing & Development) Rohan Jetley says, "Chicken is the most neutral non-vegetarianproduct- its consumption is not religiously restricted like beef and pork are, its healthier/safer than red meat,and its not seasonal like fish and seafood." The growth in demand is expected to continue. The Rs 40,000-crore domestic poultry industry expects per head chicken consumption to double to 6 kg a year by 2014-15from less than 3kg last year. While existing players have drawn up aggressive expansion plans, others such asUK-based Dixy Chicken and Southern Fried Chicken are waiting in the wings to expand base in the country.Yum! India plans to have 500 KFC outlets by 2015, up from 156 now.
Kataria expects the chain to account for 60% of the $1 billion (approximately Rs 5,400 crore) sales that thecompany is expected to generate by then. The expansion of Pizza Hut will be slower, rising to 400 by 2015from 216 now. Bangs, which calls itself the countrys first domestic fried chicken quick service restaurant (QSR)brand having set up in 2009, plans to open 50 outlets within a year to add to 20 it has across 10 states,encouraged by a 30% jump in sales quarter-on quarter. The growth is not restricted to metros and traditionalcentres. "We are surprised... our sales in Chennai and Gujarat are doing equally well as in Punjab andHaryana," says bangs Director Asvin Simon. Small towns like Durgapur, Kozhikode and Kochi figure as much asmetros in the expansion plans of KFC, which more than doubled the number of stores this year. Its top-sellingproducts Zinger chicken burgers and chicken buckets account for more than two-thirds of its sales. KFCrecently launched grilled fiery chicken, a juicier variant of the tandoori chicken, nationally to "veryencouraging" results. Yum! Attributes KFCs rapid growth-70% CAGR-to a younger, on the move targetaudience, innovative products, and aggressive prices. Click here for index Kotak Mahindra Capital, Evercore Tie Up for Cross-border M&A ServicesKotak Mahindra Capital Company Ltd (KMCC), investment banking arm of Kotak Mahindra Bank Ltd, hasentered into a strategic alliance with New York-based investment banking advisory firm Evercore Partners Inc.for cross-border merger and acquisition advisory services among India, the USA, the UK and Mexico, thecompany has said.Under this agreement, the respective investment banks will leverage their combined expertise, strongknowledge of global and local markets and deep corporate relationships to cater to their clients. “In thechanging landscape of global investment banking where specialized advisory firms are gaining prominenceover bulge-bracket investment banks, we find in Evercore a strong, world-class advisory firm,” Uday Kotak,executive vice-chairman and managing director of Kotak Mahindra Bank commented on the partnership.Founded in 1991, KMCC provides investment banking and clearing services in India and internationally. Thecompany operates in two segments – advisory & transactional services and trading & principal investments.The firm has advised major international corporations such as CRH, eBay, Hutchison Whampoa, Lafarge,Standard & Poor’s, Thomas Cook and Walmart on their India entry and acquisition strategies.“We are pleased to be partnering with Kotak, the leading Indian investment bank. This strategic relationshipfurther expands our global reach and is another critical step in our ability to serve our clients around theglobe,” said Roger Altman, executive chairman of Evercore.Evercore, founded in 2005, operates as an independent investment banking advisory firm and providesadvisory services on mergers, acquisitions, divestitures and other strategic corporate transactions, primarilyfor multinational corporations and private equity firms. It also offers restructuring advice to companies infinancial transition, as well as to creditors, shareholders, and potential acquirers. Click here for index Indo-US CEO Forum asked for FDI in retail: Govt.Amidst a raging controversy over FDI in multi-brand retail, government today said it received arecommendation from the Indo-US CEO Forum to open up the sector, among other areas, for foreigninvestment. In a written reply in the Rajya Sabha, Minister of State for Commerce and Industry JyotiradityaScindia quoted the Indo-US CEO Forum as having recommended enhancing of "Indian foreign directinvestment (FDI) policy reforms through further opening up of key sectors such as insurance, private sectorbanks, retail and defence to foreign investors". Asked whether the government would accept theserecommendations, the minister said, “... the policy is reviewed on an ongoing basis with a view to making itmore investor friendly".After the Cabinet approved 51 per cent FDI in the multi-brand retail and removed the cap on the single brandretail on November 24, the government has come under attack not only from the Opposition but also from theUPA allies - Trinamool Congress and the DMK. These parties have forced stalling of Parliament for the last fourdays demanding a roll-back of the decision, whereas the government has indicated no reversal of the policy.
The Indo-US CEO Forum was constituted in July 2005 as a major initiative for enhancing bilateral trade andinvestment. It was reconstituted in November 2009 by President Barack Obama and Prime MinisterManmohan Singh and comprises 12 Indian and 12 US CEOs. Co-chaired by Tata Group head Ratan Tata andHoneywell Incs Chairman and CEO David Cote, the Forum last met in Washington in September this year.Finance Minister Pranab Mukherjee, Commerce and Industry Minister Anand Sharma, Planning CommissionDeputy Chairman Montek Singh Ahlulwalia attended the Washington meeting. Click here for index Pizza Hut to operate 250 restaurants in India by 2015 Casual dining outlet, Pizza Hut in Chennai, IndiaHaving completed 15 years of operations in India, casual dining chain Pizza Hut is looking to enhance itspresence across the country and run 250 outlets by 2015. Besides strengthening retail presence, Pizza Hut isalso looking to expand its product offerings to consumers. "There are 131 Pizza Huts in 34 cities of India atpresent. The plan is to take this count to 250 by 2015," Pizza Hut India Marketing Head Sunay Bhasin said.The expansion would also happen in tier II and tier III markets, he added. To commemorate 15 years ofoperations in India, Pizza Hut is set to roll out a nationwide marketing and advertising campaign. "A newnationwide ad campaign would be launched by the end of the week," Bhasin said without providinginformation on the amount to be spent. At the same time, a new range of 15 different pizzas would be rolledout at stores across the country. "The 15 pizzas are inspired from regional cuisines and flavors from aroundthe country," he added. Click here for index
Dell to increase focus on small & medium businesses Inset: Dell Vostro V131 LaptopIn a bid to tap into the increasing IT usage by small and medium businesses (SMBs), Dell today announced itwould be increasing focus on this rapidly growing market segment. Rekuram Vardharaj, country marketingmanager, medium business, Dell India said that there were close to eight million SMBs in the country, of whichabout 1.5 million were addressable by IT. "An increasing number of small and medium businesses are using ITand well aim to provide bespoke solutions that can address their needs," he said. Speaking at an event inPune, Vardharaj pointed out that the city alone had close to 80,000 SMB enterprises, with the IT spend bymedium businesses in the range of $70-75 million making it one of the focus markets for the company. THEICT spend by the SMBs in India is estimated to be in the region of $10bn."The offerings will be aimed to addressing the pain points of these enterprises which tend to be issue ofconstrains -of time, budgets and resources. We would like to partner with the businesses and providehardware and service solutions with the minimum possible downtime for the customer," he said.Dell is the number one brand in the consumer and SMB segments in the country. It has in the recent pastlaunched a number of SMB specific products like the Equal Logic storage solutions and the Vostro V131 laptop. Click here for index
India’s Investments in U.S RIL Buys Stake in US Nuclear Reactor Design CompanyThe Reliance Industries announced that it has bought a minority stake in Terra Power, a US-based nuclear-technology design and engineering company, through one of its subsidiaries."This is one of our series of investments in the broader energy sector," a company spokesman told. TerraPower, based in Washington, is designing a nuclear reactor that uses low-enriched uranium and produces lesswaste. The reactors need uranium to start up and can “run for decades on depleted uranium” withoutenrichment or reprocessing, Terra Power said on its website.Reliance Industries Chairman Mukesh Ambani will join the companys board, which includes MicrosoftChairman Bill Gates and Silicon Valley venture capitalist Vinod Khosla, a financial daily had reported earlier inthe day.Reliance, Indias most valuable company, controlled by Indian billionaire Mukesh Ambani, has outlined plansto spend $4 billion to $4.5 billion by 2014 on three US shale gas joint ventures it entered into last year. Acompany official told that it is scouting for oil investments in the Americas as it looks to increase the stake ofcrude production it owns to feed its refinery, the world’s largest. Click here for index Ventureast Invests $5 Million in Orca SystemsVenture capitalists are trawling cross-border technology startups again. Hyderabad-based Ventureast recentlymade a $5 million Series B investment in California-based semiconductors startup Orca Systems. The companyprovides highly integrated radio frequency and modem technology delivering solutions for high-performancewireless applications. The firm has a research and development facility in Bangalore.Founders Guruswamy Sridharan and Kartik Sridharan started the company in 2006 after selling their earlierstartup Ashvattha Semiconductor to Insilica in 2005. Orca has raised a total $7 million so far, including theVentureast investment, said a press release. Earlier this month it announced the launch of DRBT, a dual modeBluetooth RF plus modem IP core which provides customers with revolutionary reductions in silicon area, lowpower and exceptional radio performance. Click here for indexAditi Technologies Announces Acquisition of Cumulux, Microsoft Cloud Partner of the YearAditi Technologies announced its acquisition of Cumulux, the 2010 Microsoft Cloud Partner of the Year. Aditi isone of the top Microsoft National System Integrator Partners focused on enterprise social, big data, mobileand digital marketing. With this acquisition, Aditi is positioned to be a leader in cloud services and will drivethe transformation of applications and workloads to the cloud. "Cumulux and Aditi have demonstratedcredibility and excellence in building solutions on Windows Azure for Microsofts ISV and enterprisecustomers," said Jenni Flinders, Vice President for the US Partner Group at Microsoft. "Cumulux is a valuablepartner for Windows Azure in the ecosystem and having them combine with the scale and depth of Aditi willgive our customers a tremendous opportunity.""Aditi is betting its business on the cloud. We are excited to join forces with Cumulux. This partnership makesus the leader in Azure based transformation." said Pradeep Rathinam, CEO of Aditi Technologies. "We believethat the adoption of cloud will be key competitive advantage for our customers and we are committed tohelping them strategically leverage Azure. To accelerate the adoption, we are investing 5M USD in AzureAcceleration Lab - an Azure based rapid application development offering. "
Aditi will leverage its deep Microsoft alignment aggressively to roll out the cloud services proposition to theISV and enterprise markets in US, UK and India. The team has already helped over 50 ISV and e-commercecustomers adopt and deploy Azure through the Azure Acceleration Lab. Kicking off a global launch, Aditi andCumulux will:• Build out an Azure delta force of architects and MVPs to drive Azure adoption in close collaboration withMicrosoft across US, UK and India.• Hire and train 130+ cloud developers to create a cloud services platform to deliver IP led innovations forcustomers as they migrate their applications to the Cloud.Speaking on the acquisition, Paddy Srinivasan, CEO at Cumulux says, "Aditi and Cumulux complement eachother. The synergy of global scale and strong Microsoft DNA make us one of the top Azure service providers inthe market. Aditi gives us and our customers deep competency and scale in leveraging Azure to build largescale complex solutions. I am incredibly excited and look forward to replicate and amplify Cumuluxsproposition at a global scale with Aditi." Paddy has joined Aditis cloud advisory board and will continue todrive and build the Azure business for Aditi. Click here for index
US investments in India Goldman Sachs Acquires 6.47% Stake in Max IndiaGoldman Sachs has bought a 6.47% stake in Max India for Rs. 308 crore through bulk deals. Before thistransaction, Goldman Sachs held around 9% stake in the company after it converted its debentures into sharesearlier this year. Goldman Sachs is now the largest shareholder in Max India after Analjit Singh who owns a37% stake.Warburg Pincus had 14% stake in Max India at an average price of Rs. 40 per share. In June this year, it sold 2%stake in June at around the same price. With this deal, Warburg Pincus stake has come down to 5.82%.In October, South Africa based hospital chain - Life Healthcare acquired 26% stake in Max Healthcare forR516.5Cr, valuing the company at around Rs. 2000 Cr in all cash transaction. Before that in June, WarburgPincus sold its 16.37% stake in Max Healthcare Institute Limited to Max India Limited for Rs.140 Cr. Click here for index Morgan Stanley to pump in $125 million in Mumbai realtyThe global real estate fund of Morgan Stanley is in talks with Mumbai-based Sheth Developers to invest $100million to $125 million in a residential project in Mumbai, three sources with direct knowledge of the mattersaid. The Morgan Stanley fund will invest in the unlisted Indian firm’s project in the western suburbs ofMumbai said the sources, which declined to be named as they were not authorized to speak to the media.Morgan Stanley declined to comment and Sheth Developers did not return phone calls seeking comment.Sheth Developers acquired an 18-acre land parcel in Andheri from Borosil Glass Works in 2010 for about Rs875 crore and plans to develop a large residential project there, said the sources.If completed, the investment would be the first in India by the Morgan Stanley fund in three years, two of thesources said. The fund has invested about $750 million so far in India. In October, sources said that a bunch ofinvestors including a fund managed by Morgan Stanley and the Government of Singapore Investment Corp arein separate talks to buy a Mumbai property from Indian textiles firm Alok Industries for about $200 million.Last month, the Wall Street bank named Shirish Godbole as the head of its global real estate investment fundin India. Indian developers have come under pressure over the past year as rising interest rates deterresidential buyers and funding for builders becomes scarce as economic growth slows. Click here for index Equity International to invest $75 million in SAMHIUS-based investor firm Equity International will invest USD 75 million (about Rs 370 crore) in SAMHI, adeveloper and owner of hotels in India that has partnership with Marriot Hotels.Gurgaon-based SAMHI is a newly-formed hospitality property company co-sponsored by GTI Capital Group, aprivately held investment firm founded by Gaurav Burman, Gaurav Dalmia, Jonathan Schulhof and MadhavDhar. "This investment perfectly represents our model of partnering with the best-in-class managementteams in India, and investing both our own capital as well as aggregating capital from the finest co-investorsglobally," GTI Capital Group Co-founder and General Partner Gaurav Burman said. While the investment willinvolve picking up of equity stake in SAMHI by Equity International (EI), the company has not disclosed thesame.
SAMHI has already commenced development of properties in Bangalore, Chennai and Gurgaon, which willcomprise four hotels and 630 rooms with brands such as Courtyard and Fairfield by Marriott and Hyatt Place.The company had recently formed a JV with Marriott Hotels to develop mid-scale and economy hotels acrosskey Indian cities under the brands Courtyard by Marriott and Fairfield by Marriott. In addition, it has plans toset up properties in top markets, including Delhi, Mumbai, Hyderabad, Pune and Kolkata.Commenting on the companys investment in SAMHI, Equity International Chief Executive Officer GaryGarrabrant said: "With SAMHI we have the opportunity to create the leading hotel property company in India,and we are privileged to partner with GTI Capital in this highly compelling market." SAMHI was founded byAshish Jakhanwala, SAMHIs Chief Executive Officer, who previously led the development of Accors hotelportfolio in India; Manav Thadani, Chairman of HVS India; and Steve Rushmore, President and Founder of HVS,the global hospitality consulting firm.Equity International (EI) invests in companies outside the United States with a particular focus on identifyingand initiating high-growth sectors. It has raised over $2 billion and invested in 22 portfolio companies to-dateacross 14 countries. Click here for index Bunge Inc. To Acquire Edible Oil Business of Amrit Group for $ 78 million (Deal value includes cash consideration for oil business on slump sale, trademark and non-compete fee.)Headquartered in White Plains, NY Bunge Ltd. has struck a deal to acquire the edible oil business of Noida-based diversified Amrit Group in a deal worth Rs 413 crore ($78 million). The deal would give Bunge, one ofthe world’s largest agri commodity traders, a key position in the north Indian edible oil market.Under the deal, Bunge will acquire the edible oil business of the public-listed firm Amrit Banaspati CompanyLtd. (ABCL) for Rs 220.72 crore on a slump sale basis.The sale would include the entire edible oil business of ABCL including manufacturing, marketing anddistribution of vanaspati, refined and filtered edible oil, bakery shortening, table margarine & speciality fats,and salt & soya nuggets. The company owns a manufacturing unit located at Rajpura in Punjab.Bunge will also acquire secured and unsecured loans of ABCL amounting to Rs 40.6 crore besides paying thekey promoters Naresh Kumar Bajaj, Ashwini Kumar Bajaj and Vikram Kumar Bajaj a sum of Rs 47 crore as non-compete fee for the next five years.Among the various brands marketed by ABCL, there is also Gagan, owned by a separate public-listed groupfirm Amrit Corp. As a part of the deal, Bunge is also acquiring the Gagan brand for Rs 104.5 crore from AmritCorp. The overall edible oil business of ABCL employs 450 people; features brands like Gagan, Ginni, Amrit,Bansari and MerriGold and generates most of the sales. The firm clocked sales of Rs 1,010 crore for the yearended March 31, 2011, with net profit of Rs 22.06 crore. For Bunge, this will be a big boost to its India businessas it already owns key oil brands like Dalda. The company has been present in India for around a decade andhas manufacturing units at Trichy in Tamil Nadu and Bundi in Rajasthan.Amrit Group’s decision to exit a well-established business is marked by business fundamentals as edible oil is athin-margin business and ABCL has been operating on full-capacity utilisation for the last couple of years.Growth would have meant addition to capacity and, therefore, further investments. The edible oil business inIndia is inherently dependent on palm oil imports and associated with currency risks. In such a scenario, entryof MNCs like Cargill, Bunge, Noble Grain, LouisDreyfus and ADM meant local players were at a disadvantage,compared to the global biggies with backward and forward linkages due to their access to global plantations. Click here for index
AptarGroup Inc. buys Hyderabad’s TKH Plastics for $18 millionAptarGroup, Inc., a Illinois based manufacturer of cosmetics and perfume dispensers, has acquired Hyderabad-based TKH Plastics Pvt. Ltd for $18 million (Rs 89 crore). New York Stock Exchange-listed AptarGroup will payapproximately $17 million in cash and $1 million in assumed debt as a part of the transaction.TKH Plastics is in the business of injection molded dispensing closures, with clients in Indian personal care,food, and beverage markets. The company has also been a licensee of AptarGroup’s dispensing closureproducts since 2006. TKH had annual revenues of approximately $8 million (Rs 39.6 crore) in the most recentfiscal year, an AptarGroup statement said.In addition, AptarGroup’s new pharmaceutical device facility in Mumbai is nearing completion and is expectedto be fully operational in the beginning of 2012.AptarGroup completed its strongest year in 2010 with sales increasing 13 per cent to $2.1 billion whileoperating income went up to a record $268 million, up 35 per cent from a year ago. Europe accounts for 57per cent of the sales, followed by the USA and Latin America. However, Asia accounted for only 4 per cent ofthe AptarGroup’s revenues in 2010 at $90 million.AptarGroup’s key customers include Johnson & Johnson, P&G, Unilever, Merck, Henkel, Revlon, Cipla, ReckittBenckiser, Kraft and LVMH, among others.“These steps are part of our strategy to expand our footprint in the region. We recognize that India is asignificant and growing market. The acquisition allows us to serve our personal care, food and beveragecustomers even better and the clean-room facility will enable us to provide locally produced delivery devicesto our pharmaceutical customers,” said Peter Pfeiffer, president and CEO of the AptarGroup. Click here for index US-based Briggs & Stratton Acquires Premier Power For $3MUS-based gasoline engine maker Briggs & Stratton Corporation has acquired Tamil Nadu’s Premier PowerEquipment’s and Products Pvt. Ltd for an approximate value of $3 million or Rs 14.89 crore, the company hassaid in a statement. The current acquisition marks the US Company’s initiative to expand into developingmarkets in order to diversify its products and geographic portfolio, the company has further added.Founded in 2004, Premier Power manufactures and markets Briggs & Stratton generators in southern andeastern India. The company also specializes in stand-by power and agricultural equipment. It has amanufacturing facility at Pappampatti, Coimbatore, and operates an in-house research and developmentcentre. “Premier has the agricultural products and distribution network that will serve as a platform for ourfuture growth within India,” said Todd Teske, chairman, president and CEO of Briggs & Stratton. The companywill finance the transaction from cash on hand. It also expects that the acquisition will not have a materialeffect on its earnings in fiscal 2012.Founded in 1908 and headquartered in Wauwatosa (Wisconsin), Briggs & Stratton designs, manufactures,markets and services air-cooled gasoline engines for outdoor power equipment worldwide. It operates in twosegments – engines and power products. The engines segment products are primarily used for lawn andgarden equipment like walk-behind lawn mowers, riding lawn mowers, garden tillers and snow throwers.Besides, this segment caters to industrial, construction, agriculture and other consumer applications, such asgenerators, pumps and pressure washers. The company also manufactures replacement engines and serviceparts.The power products segment offers portable and standby generators, pressure washers, snow throwers andlawn and garden powered equipment. Manufactured under various brands such as Briggs & Stratton, Brute,Craftsman, Ferris, John Deere, GE, Murray, Simplicity, Snapper, Troy-Bilt and Victa, these products are soldthrough several retail distribution channels including consumer home centres, warehouse clubs, massmerchants and independent dealers Click here for index
HT Media and Apollo Global Inc., Form Joint Venture to Provide Educational ServicesHT Media Ltd, publisher of the Hindustan Times newspaper, has entered into an agreement with an affiliate ofApollo Global, Inc. (USA), to form a 50:50 joint venture in order to provide educational services andprogrammes across the country, the company has disclosed in a statement to the Bombay Stock Exchange.However, the financial details of the transaction were not disclosed.The JV between HT Media and Apollo Global aims to address the need of quality educational services and theeducation-employment mismatch, so that employees are well-trained for the 21st century global workplace.Founded in 2007, Apollo Inc. is a joint venture between Apollo Group, Inc. and the Carlyle Group, a privateequity major. The Apollo Global network also includes BPP, a leading provider of education and training toprofessionals in the legal and finance industries in the UK and Europe; Universidad de Artes, Ciencias yComunicación (UNIACC), a leading arts and communications university in Chile; the UniversidadLatinoamericana (ULA) , a renowned communications, business and medical university in Mexico and WesternInternational University (WIU), a US-accredited university specializing in business and technology educationwith online delivery worldwide.Incorporated in 1924, HT Media is based in Gurgaon and the company, along with its subsidiaries, primarilyengages in the publishing business. It has also made foray into the education space with the launch ofStudyMate, a chain of tuition centers in Delhi for 9th-12th standard students. StudyMate helps studentsmaster the course materials with the help of learning activities, self-assessment tools and educational games.Students select activities which appeal to their learning styles, making the whole experience a personalizedone and effective. Click here for index US Realty Co Portman Holdings Picks Stake in Pune’s Tuscan EstateUS-based realty development and advisory firm Portman Holdings, LLC has acquired significant minority stakein Tuscan Estate (a 900,000 sq. ft. residential development located in Pune) from ICICI Venture for anundisclosed sum. According to VCCedge, financial research arm of VCCircle, Portman Holdings has bought 49per cent stake in the company.In October 2009, Kolte Patil Developers Ltd (KPDL) in charge of Tuscan Estate, entered into a joint venture withPortman Holdings for a project worth Rs 275. The two companies had planned to develop around 8.5 lakh sq.ft. of mid-segment residential project in the eastern suburb of Pune.Incorporated in 1953, Atlanta-based Portman Holdings caters to owners, lenders, private equity investmentfunds, institutional investors and closely held private real estate investment partnerships. The company claimsto have raised and deployed over $6 billion and developed over 50 million sq. ft. of premium real estate acrossthe world. Tuscan Estate, already under construction, is being developed in multiple phases and is slated to befinished by 2016. The project master plan includes 11 towers containing a total of 517 residential units. “Thisproperty is an ideal follow-up to our first direct investment in India and a good opportunity for us,” AmbrishBaisiwala, CEO of Portman Holdings, commented on the deal.In October this year, Ambuja Realty acquired the RMZ block of Ecospace Business Park in New Town(Rajarhat), Kolkata, for an undisclosed sum. Also in September, Chennai-based Kalpathi Group, with businessinterests in private equity and entertainment, acquired the IT Park Rantech Towers for around Rs 50 crore.Spread over 2.2 lakh sq. ft., the IT Park is located at Sholinganallur (on Old Mahabalipuram Road) in Chennai.Of the eight-storey building, 15 per cent area will be for self-use by the group and the rest will becommercially leased/rented out to other IT companies.Although the private equity action in Indian real estate sector has been muted, there have been a couple oflarge deals this year across income-generating developments. In February this year, Ascendas India Trustentered a deal to acquire a portfolio of five buildings in Phoenix Infocity Pvt. Ltd. SEZ for Rs 855 crore. KotakRealty Fund also sold Peepul Tree Properties (an IT park in Goregaon) to Tata Realty and Infrastructure Ltd andTata Realty Initiatives Fund 1 for Rs 525 crore. Click here for index
Omnicom Group Inc. Enters Agreement to Acquire Majority Stake in Indias Mudra GroupOmnicom Group Inc. announced today it has entered into an agreement to acquire a majority stake in MudraGroup, Indias leading integrated marketing communications group. Mudra will significantly expandOmnicoms service capabilities and presence in Asias third largest economy. As part of the agreement,Omnicom will extend its partnership with the Reliance ADA Group.Mudra Group utilizes a deep understanding of consumers, brands and media to deliver creative solutionsthrough four agency networks: branding and communications agency Mudra India; marketing and advertisingagency DDB Mudra; integrated engagement and experiential agency Mudra Max; and Ignite Mudra, Indiasonly agency that caters to entrepreneurs. Mudra has 26 offices across the country and an extensive fieldactivation network.In conjunction with the strategic partnership, Reliance Group Chairman Anil Ambani will join the OmnicomInternational Advisory Committee. Mr. Ambani has vast experience in the international business community,leading businesses in the areas of telecom, capital, power, infrastructure, entertainment and health. Inaggregate, the Reliance Group businesses serve a customer base of more than 100 million people."This acquisition is an important step in achieving Omnicoms strategy to extend and deepen our presence inrapidly growing markets," said John Wren, President and CEO of Omnicom Group. "Our vision is to be a sourceof innovation in every market we serve. Mudra is widely acknowledged as an outstanding company withimpressive creative product and expertise in a broad range of disciplines. Mudras innovation and depth oftalent will strengthen our business capabilities not only in India but around the world."Mudra, a DDB Worldwide partner since 1993, was the only agency in India to win a medal in the Agency of theYear category at the Spikes Asia Advertising Festival in 2011, and Mudra won more Lions at the 2011 CannesLions International Festival of Creativity than any other agency group in India."DDB has been an excellent partner over the years. We have benefited immensely from the collaboration andtransfer of knowledge from around the globe. We are proud to belong to such a storied network," MudraGroup CEO Madhukar Kamath said. "Omnicom and DDB have clearly been the inspiration for Mudra Groupstransformative growth over the last five years. My colleagues and I look forward to the next decade ofexplosive growth in the Indian market."DDB Worldwide President and CEO Chuck Brymer noted, "This acquisition will further unite two companiesthat have long held the same values, creative goals and ambitions. Under Madhukars leadership, Mudra is theoriginal challenger brand of the Indian communications industry, and it shares DDBs culture of creativeexcellence. Together, we will create even greater growth for our clients in this rapidly changing,technologically driven region."DDB and Mudra Groups shared history is rooted in a relationship that began in 1988 and has growntremendously since the formation of DDB Mudra in 2007, which established DDB India, Tribal DDB, Rapp andDDB Health & Lifestyle in the Indian market. John Zeigler, CEO, DDB Asia Pacific, added, "Mudra has animpressive history as both creative leaders and strong believers in integrated solutions making them one ofthe most innovative companies in India."Omnicom Group EVP and CFO Randall Weisenburger also noted, "In addition to significantly expanding ourservice capabilities in the region, this partnership will bring with it an exceptional Shared Services andOperations Center in Ahmedabad that will help Omnicom more efficiently expand its other operations in India.Additionally, Mudra recently moved into a new headquarters facility in Mumbai called Mudra House, asustainable building and one of the few in India to be awarded LEED (Leadership in Energy and EnvironmentalDesign) Gold certification. Mudra House is widely acclaimed for its conservation features and state of the arttechnology." Click here for index
Caterpillar expanding in India: to invest $ 3 billion in next 5 yearsConstruction and mining equipment major Caterpillar Inc. is investing $210 million (around Rs1, 096 crore) inits Indian operations as part of its global plans to invest up to $3 billion over the next 5 years.The company will set up an engine manufacturing facility for electric power generation sets and expand its off-highway truck manufacturing facility in Chennai, according to Richard P Lavin, group president, CaterpillarInc. We are yet to decide on the location, though we have short-listed some of the states. The finalannouncement on the same will be shared in 2-3 months, said Lavin.The plant, he said, would have an initial capacity for 3,000 units, which will be expanded to 5,000 units in 12-18 months from the start of the production. The facility, to be set up as a new subsidiary incorporated inIndia, will start production in two to three years, he added.The engine manufacturing facility, to be set up with an investment of $150 million, will produce Perkins brand4000 Series engines, which will cater to 750-2500 kV electric power gensets, said Kevin R Thieneman, IndiaCountry Manager, and President Caterpillar Asia.Perkins is a wholly-owned diesel engine manufacturing subsidiary of Caterpillar. The Indian facility will be thefirst facility outside the UK and 50 per cent of the machines produced will cater to parts of Asia and othermarkets, he added. The expansion would be in addition to the companys investment of around $108 millionon the truck manufacturing facility.The current investment plans, a part of Caterpillars 2015 corporate strategy, are in tandem with thecompanys earlier investments in India, which are nearing completion, added Thieneman. This newinvestment will play a role in developing our technology further while benefiting our customers who areplaying a vital role in the transformation of the Indian economy, he added. Click here for index Not-for-profit Teach For India Secures $2.5M From Omidyar NetworkTeach For India, a non-profit organisation aiming to eliminate educational inequity in the country, has raised$2.5 million (Rs 13.4 crore) funding from Omidyar Network. The monies raised will be used to cover newschools and expand its operations across new cities in order to accelerate vital improvements in Indianeducation system, the company has said.Teach For India, modelled after Teach For America, was incorporated nearly four years ago. It enables collegegraduates and young professionals to commit two years and teach full-time in under resourced schools. InJune 2009, Teach For India placed its first cohort of Fellows in low-income municipal and private schools inPune and Mumbai.
The organization was founded by its current CEO Shaheen Mistri who is also the founder of AkankshaFoundation, a not-for-profit supporting underprivileged children. Incidentally, Ashish Dhawan, co-founder ofthe Indian PE firm ChrysCapital, is one of the board members of Teach For India. This is the second educationsector investment in India by Omidyar in as many months and third in the field this year.Omidyar Network, incorporated in 2004 by eBay founder Pierre Omidyar and his wife Pam, is an investmentfirm specialising in early, mid and late-venture investments, as well as non-profit organisations. Bulk of itsinvestments supports companies in India and Sub-Saharan Africa and focuses on areas like microfinance,SMEs, emerging market ventures and property rights.Last month, Omidyar invested an undisclosed sum in Gurgaon-based Aspiring Minds, an employabilityassessment company that provides standardised employability benchmarks to students and enablesemployers to evaluate students for job placements. Earlier in April, Omidyar had invested in Tree HouseEducation in a pre-IPO round, along with existing investors Matrix Partners India and Foundation Capital.Other organisations that have received investments from Omidyar include Janaagraha Centre For Citizenship& Democracy, Foundation For Ecological Security, D.light Design, Quikr India, Sa-Dhan, Rural DevelopmentInstitute and Comat Technolgies. Click here for index Norwest Invests $5 million in Former eBay India Heads E-com Start-upTrendsutra Platform Services Pvt Ltd (Pepperfry.com), a lifestyle e-commerce start-up co-founded by formereBay India country manager Ambareesh Murty but yet to be launched, has raised $5 million in venture capitalfunding from Norwest Venture Partners.The company has said in a statement that over the past few months, it has built a team of over 70 e-commerce and retail professionals. By Christmas 2011, Pepperfry aims to offer a range of 25,000-plus lifestyleproducts across categories like clothing, furniture & home décor, precious & fashion jewelry, lifestyleaccessories and personal care. The company is headquartered in Mumbai and has ground sourcing andfulfillment operations in Delhi and Jodhpur.The company was set up in July and targets the $30 billion offline retail market for lifestyle products spanningthese categories. Discounts available on the site will vary between 20 per cent and 70 per cent. Currently, thesite is in the last stage of testing and is set to be launched before December 25, 2011.Ashish Shah, former head of eBay Motors, will be the COO of the company. Shah’s LinkedIn profile shows himto be a co-founder of the firm. “Pepperfry’s goal is to make affordable indulgence possible. We will ensurethat our customers get competitively priced lifestyle products without needing to compromise on style orchoice,” said Ambareesh Murty, CEO of Pepperfry.The differentiators for Pepperfry.com are its product range and transparency in pricing. “In terms ofdifferentiation, it is the sheer range of products that we offer. We have 25,000 products and one can easilysearch through those to find what he wants. Second factor is the transparency – when you come to our site,look at the product page and you will find there are terms, descriptions, pricing details, price of gold and thegems used for jewellery, for example, as well as return arrangements. We have tried to be very forthcomingabout our prices,” said Murty.“Pepperfry has a strong team, extensive e-commerce and retail expertise and great execution abilitiesreflected in the imminent launch of Pepperfry.com in less than five months since commencing operations. Weare excited by the e-commerce opportunity in India and believe that Pepperfry is a great addition to ourrobust global Internet portfolio,” said Niren Shah, managing director of Norwest Venture Partners India.Incidentally, Norwest has recently invested in Fashionandyou.com and Smile Group’s daily deal siteDealsandyou.com. According to Murty, products and goods-related e-commerce has come into its own in thecountry. “It is symptomatic of the trend that customers are comfortable with using their credit cards onlineand buying from someone who is not in front of them. This fundamental shift in customer behavior hastranslated into purchase of goods online,” he said. Click here for index
UTC Climate Acquires Controlling Stake in Agnice Fire ProtectionUTC Climate, Controls & Security Systems, part of the US-based diversified aerospace and building systemsprovider United Technologies Corp (UTC), has acquired a controlling stake in Chennai-based Agnice FireProtection Ltd, for an undisclosed sum, the company had recently said in a statement.The acquisition of Agnice complements existing capabilities and offerings, and further strengthens itsfoundation in India, the statement has added.Incorporated in 1995, Agnice is engaged in the engineering, procurement and construction of fire protectionsystems for petrochemicals and refineries in India and abroad. The company provides a plethora of servicessuch as fire risk evaluation, engineering, system design, hydraulic calculation, quantity surveying andbudgeting, drawing and documentation, procurement installation, testing and commissioning, andmaintenance. The company is based in Chennai, with additional offices in Oman, the UAE and Saudi Arabia.Founded in 1934 and based in Hartford, Connecticut, UTC is a leading provider of heating, ventilation and air-conditioning systems, building controls and automation, and fire & security systems. The company’s UTC Fireand Security segment provides electronic security products comprising intruder alarms, and access control andvideo surveillance systems.Incidentally, UTC has been increasing its presence in India by various acquisitions. In 2005, the companyacquired Kidde Fire in Mumbai (formerly Vijay Fire) for an undisclosed sum. Two years later, UTC Fire andSecurity acquired majority stake in Alba Control Systems Ltd, currently called Chubb Alba Control Systems Ltd.On the global front, United Technologies had acquired GE’s security business for $1.82 billion. Also, in Augustthis year, United Technologies was planning to acquire Bangalore-based Firepro Systems for around $200million, according to various media reports.Commenting on the deal, Zubin Irani, President of UTC Climate, Controls & Security Systems (India), said, “UTClooks at India very strategically. With acquisitions like this, we enhance our position by building scale, reach,product offerings and customer service capabilities across the country.”“This acquisition will enable Agnice to expand to new horizons. By aligning with UTC’s global expertise,capabilities and network, we will provide a superior platform for our continued growth,” said Agnice MDGovindarajan. Click here for index
In the News: Visa norms for expats working at senior positions relaxedExpats working at senior positions in India will not need to go back home and seek a fresh Indian employmentvisa when they take intergroup transfers, the government has said in updated rules. This will provide flexibilityto foreign companies that have multiple businesses in India in deploying their resources."Ministry of home affairs may approve change of employer only if the foreign national holds a senior or skilledposition, "says the amended guideline issued by the ministry.The earlier guideline was seen as a major irritant by expats and companies employing them as any transferwithin the group would mandate a homeland visit and a fresh work visa.This not just inflated costs for companies who employed foreign nationals but also led to loss of crucial workhours. The fresh clarification is seen as a welcome change by the industry that had been lobbying with theministry for relaxation in these guidelines for some time. "This will facilitate multinational companies intransferring their expatriate employees to different subsidiaries in India based on business needs," said SanjivChaudhary, Tax Partner-KPMG.Most multinationals and even Indian companies prefer to keep their senior and skilled expat employeeslargely on project basis.A mandatory visit home and a fresh employment visa led to unnecessary hassle, said a senior executive with amultinational consultancy that faced this issued. Another firm had to lobby hard to get home ministrypermission to retain its senior consultant in a subsidiary.Experts say the new guideline would also make the process more efficient and transparent as they had toapproach the ministry individually and each application was treated on a case by case basis. "..It is good thatthe protocol has been put in black and white" said Amitabh Singh, partner, Ernst & Young.However, the relaxation will only be limited to changing jobs between registered holding company and itssubsidiary and between subsidiaries. In other cases, where the foreign national desires to change employer,he will be required to return to his home country and obtain a fresh employment visa.Change of employer will be permitted only once during the tenure of five years of the original employmentvisa and five years of residency on employment visa would be counted from the original date of its issue andnot from the date of change of employer.However, experts say the new norm only partly addressed the issue and a further relaxation may berequired. "The government should also look at allowing movement of employees between joint ventures,"said Chaudhary. Click here for index
US appoints first woman Ambassador to IndiaNancy J Powell, the new American Ambassador to India, is not only the first woman to head the US mission inDelhi, but also the first career diplomat to take over the crucial post in nearly 15 years.A South Asia expert, 64-year-old Powell had served as the US ambassador to Pakistan (2002 to 2004) andNepal (2007 to 2009) and had also held key diplomatic positions including as political counselor in Delhi (1993-1995), consul-general in Kolkata (1992-93) and deputy chief of mission in Dhaka (1995-97). Her stint asnational intelligence officer for South Asia at the National Intelligence Council (2006-07) has also given heradequate insights about the region. Powell moves to Delhi from the department of state, where she workedas director-general, Foreign Service, and director of human resources.The last US Foreign Service officer to be posted in Delhi was Frank Wisner, who served as ambassador forthree years from 1994. His successors – including Richard Celeste, Robert Blackwill, David Campbell Mulfordand Timothy Roemer – were political appointees. Only seven of the 22 US ambassadors in India sinceIndependence have been career officers of the Foreign Service, Powell being the eighth. The position hasattracted the likes of Chester Bowles, a former adman-turned-politician (who was ambassador to Delhi twice,between 1951 and 1953 and 1963 and 1969), John Kenneth Galbraith, a renowned economist and author(1961 to 1963) and Daniel Patrick Moynihan, a veteran Democrat (1973 to 1975).The low-key Powell was ambassador in Islamabad during the crucial years following Pakistans misadventure inKargil, when relations between the two South Asian neighbors had deteriorated. She had also warned thePakistan government that extremist outfits with links to Al Qaeda and the Taliban had regrouped, leading to acrackdown on them.Of course, Powells India tenure could be brief, as US President Barack Obama, seeking a second four-yearterm in 2012, could be voted out of office. A new Associated Press-GfK poll found that half of the Americanssurveyed felt he should not continue in office for the second term. Less than 40 per cent of the respondentsapproved Obamas handling of the economy, with the vast majority disapproving it. Recent US diplomaticpostings to India have been political ones, with American presidents such as Bill Clinton, George Bush andeven Obama taking a greater interest in building up relations with the worlds largest democracy. Click here for index
US University to launch residency programme in IndiaA Southern California based doctoral research university is launching its third global residency Programmenext month in India and has plans to add two more in the future. "The Indian Economy and the Epicenter ofGlobalization" is a one-week residency in Mumbai from Jan 1 to 8 for University of California, Riverside Schoolof Business Administration undergraduate students, graduate students and alumni.It joins similar one-week residency programmes in England and China that were started the past two years,the university announced Tuesday. Future plans call for adding programmes in Russia and Brazil."The programmes expose students to emerging markets and give them global experience in an academic,business and cultural environment," said Sean Jasso, who organizes the trips and is a lecturer of managementat the School of Business Administration. The programmes started in spring 2010 with a weeklong residency atthe University of Oxford in England. In 2011, students returned to Oxford and added Guangzhou andShenzhen, China in June of that year.In 2012, students will return to those two countries and travel to India from Jan 1 to 8. The past trips and theupcoming trip to India have drawn about 80 students. The residency in India will explore the strategic issuesthat US and foreign multinationals face when doing business in India. Lecture topics include India as atransitional economy, Mumbais economy, financing in India, culture and leadership in India and Indias futureeconomic growth. Participants will visit Tata Consultancy Service; L&T InfoTech, a global IT services andsolutions provider; the US Chamber of Commerce; and the National Stock Exchange. Click here for index US House approves bill seeking faster green cards for Indian tech professional’sIn a move that could see more highly skilled immigrants from India and China obtain green cards faster, the USHouse of Representatives has passed a bill that seeks to modify the current visa regime. The Fairness for High-Skilled Immigration Act, seeking elimination of per-country caps on employment-based visas and instituting afirst come, first served system, received support from a broad section of representatives across both parties.The act was passed in the House with a vote of 389-15 yesterday. The bill is now expected to pass through theSenate smoothly. Under current immigration law, issuance of employment-based green cards is aimed atrestricting permanent residence for citizens from any one country to 7 per cent of the total green cardsapproved by the State Department in any particular year. Under the rule, it is easier for applicants fromsmaller countries that do not generate a significant number of applications to obtain a green card thanapplicants from big countries that provide most of the foreign tech workers sought by companies.Indian tech professionals, seeking immigration to the US, often have to wait up to 10 years for a green carddue to the per-country cap. The High-Skilled Immigration Act, introduced to Congress in September by UtahRepublican Jason Chaffetz, aims to address the imbalance with a switch to a first come, first served system forthe roughly 140,000 employment-based green cards awarded annually. "Per country limits make no sense inthe context of employment-based visas. Companies view all highly skilled immigrants as the same regardlessof where they are from--be it India or Brazil," Chaffetz said in a statement. Under the current system, Indiasquota is roughly 3,000 green cards annually, which means that highly-skilled US visa applicants have to waitfor years before their visa gets approved. The new Bill seeks to cut the time span by removing the limit ongreen cards.According to Nasscom, the bill was a positive step from the perspective of the IT industry. Ameet Nivraskar,vice president of Nasscom, says the move would certainly ease the pressure from the other categories of workvisas like H-1B. He adds the bill would now need to be approved in the Senate, after which there were otheradministrative processes before it would be implemented, he added. Media reports say there would be athree-year transition before the bill took effect following which green cards based on employment would beallocated on a first-come, first-served basis -- with no country-based limits.
Analysts say, the US move would help appease technology companies that have been pressing Congress toprovide more green cards for foreign employees. They are worried that the US was lagging behindcompetition from elsewhere in the world due to immigrant workers being forced to leave. Click here for index Farokh T. Balsara, Ernst & Young India Media and Entertainment Leader to now lead the EMEIA M&E PracticeErnst & Young has announced the appointment of Farokh T. Balsara, as the Media & Entertainment industryleader for Europe, Middle East, India & Africa (EMEIA) region. Based in Mumbai, Farokh has been Ernst &Young’s M&E Practice Leader in India for over a decade and will now drive the sector program throughoutEurope, Middle East India & Africa. This is an unprecedented move and Farokh is the first Partner from India tolead a sector at an EMEIA-wide level. Farokh has been the Regional President WIC and National President ofIndo-American Chamber of Commerce. Click here for index Mr. Hemant Sonawala honoured with Lifetime Achievement Award by CSI Mr. Hemant Sonawala, Past National President, IACC being conferred CSI Lifetime Achievement Award by Prof. P Thrimurthi, Chairman, Awards Committee and Shri M.D. Agrawal, President, CSIMr. Hemant Sonawala, a Technology Entrepreneur, driven by his mission of Better Life through Technology’for the last four decades, is one of the founding fathers of the IT Industry in India.An Electrical Engineer from Saradar Vallabh Vidyanagar (1959), Gujarat, he received his M.S.E.E. fromUniversity of Washington D.C, Seattle, USA in 1961. He started his career as Research Engineer at BoeingAircraft Company. After brief stints at the Indian Institute of Technology, Bombay and at HindustanAeronautics, he went back to USA, to work with Tektronix Inc. based in Beaverton, Oregon, USA. On his returnfrom USA, in 1966, he founded Hinditron - which soon became the pioneer in providing high technologyproducts & solutions across different sectors in India. In 1971, he led Hinditrons foray into Computers, with atie up with Digital Equipment Corporation, bringing the mini computer revolution to India.
Hinditron grew to be a large IT products and services company and was one of the first companies to startsoftware exports from India. He was one of the first Entrepreneurs to establish hardware manufacturing inIndia at a time when India was just an imported product destination. Mr. Sonawala has led Hinditrons growthfor the last 45 years to expand its presence in areas like Information Technology, Instrumentation,Telecommunication, Medical Devices, Infrastructure, High Performance Computing, etc. Mr. Sonawalapursued the Indian dream at a time when few Indians were returning to India. His strong belief In India and itspotential brought him back from US shores to set up business in India to lay the foundation for Indias growthstory as an IT superpower. For Mr. Sonawala, I.T does not just mean Information Technology, but IndianTalent.His focus for the last four decades, has been to leverage Indias talent in engineering to make India a self-reliant economy and to position it as a leader in the global scenario Mr. Sonawala worked tirelessly andpassionately to establish a vibrant ecosystem around the nascent IT industry in India with active participationand advocacy with various professional organizations and Government bodies. He was the President of CSIduring 1988-90 where he laid the foundation for a strong IT industry in India. At CSI, he instituted processesfor transparent financial management and governance in the organization. He initiated several projects forimparting computer training to the physically challenged. He also worked to energize CSI chapters across Indiaand also extended CSIs presence to SEARCC. He continued to play an active role to strengthen CSI as aneffective IT organization in India by supporting and encouraging various Initiatives at all levels.His efforts have been recognized by many professional Organizations. A Fellow of IEEE, IETE, Institution ofEngineers and Computer ,Society of India, he has been Past President of CSI, Indo American Chamber ofCommerce & an active member of many other organizations. He is a recipient of many prestigious awards likeThe IEEE Millennium Medal, Life Time Achievement Award foe IT conferred by Dataquest; Cyber Media in2005, Distinguished Alumni Award by University of Washington, Lifetime Achievement Award for TechnologyInnovation by Indira Institute of Management, The Udyog Ratna Award by the Institute of Economic Studies.Mr. Sonawala continues to be recognized as an active member of the IT industry in India. In gratefulrecognition of his services to the Computer Society of India and for laying the foundation for a strong ITindustry in India, as an Industry pioneer, visionary technocrat and passionate entrepreneur, CSI is proud toHonor Mr. Hemant Sonawala with the Lifetime Achievement Award 2011. The society takes pride andpleasure in presenting him with the citation on the occasion of the Annual Convention of CSI held atAhmedabad on December 01, 2011. Click here for index HARMAN CEO, Dinesh Paliwal Receives Prestigious Corporate Leadership Award from American India FoundationDinesh Paliwal, President, Chairman, and Chief Executive Officer of HARMAN (NYSE: HAR) was honored withthe American India Foundation (AIF) Corporate Leadership Award at AIF’s 10th annual gala on December 10. Inits theme of “Celebrating a Decade of Impact,” the gala recognizes the outstanding leadership of individualscommitted to creating long-term change and impact in India from both the subcontinent itself and the UnitedStates.
Mr. Paliwal has been driving entrepreneurship and leading-edge innovation for the leading global provider ofpremium audio and infotainment solution for the past five years over a career spanning nearly three decades.In 2010, Mr. Paliwal was named Metro New York Entrepreneur of the Year by Ernst & Young, and also receivedthe Indian American Achiever Award from the Global Organization of People of Indian Origin (GOPIO). He hasserved on numerous boards and councils, including the US India Business Council.“I’m deeply honored to be recognized by the AIF. Their work to aid disadvantaged and impoverishedcommunities is truly an inspiration, and I applaud the AIF’s commitment toward catalyzing social andeconomic change in India,” Paliwal said. “Being born and raised in Agra and having spent all of my professionallife working and living all over the world, I see the opportunity to continue to build the bridge between ournations and the benefits that we can create for the most impoverished. I look forward to continuing to workwith the AIF for the years to come."Mr. Paliwal was joined by four internationally acclaimed artists at the star-studded event – two-time AcademyAward-winning composer A.R. Rahman who received the AIF Spirit of India Award; legendary composer andproducer Quincy Jones, who served as Honorary Gala Chair; popular singer/songwriter Michael Bolton, andBollywood superstar Sunidhi Chauhan. A. R. Rahman is an ambassador for JBL’s Hear the truth campaign,while Quincy Jones collaborated with Harman to create the highly regarded AKG Quincy Jones Signature LineHeadphones.About AIF:Since its founding in 2001, AIF has raised and deployed more than $70 million to support its programs thathave impacted the lives of 1.5 million of India’s most impoverished and marginalized individuals in the areas ofeducation, livelihoods and public health. President Bill Clinton serves as Honorary Chair and Nobel LaureateProfessor Dr. Amartya Sen chairs the Advisory Council. AIF provides a nationwide platform for collectivephilanthropy with chapters in New York, the San Francisco Bay Area, New England, Chicago, and WashingtonDC in addition to Southern California.About HARMANHARMAN (www.harman.com) designs, manufactures and markets a wide range of audio and infotainmentsolutions for the automotive, consumer and professional markets – supported by 15 leading brands, includingAKG, Harman Kardon, Infinity, JBL, Lexicon and Mark Levinson. The company is admired by audiophiles acrossmultiple generations and supports leading professional entertainers and the venues where they perform.More than 20 million automobiles on the road today are equipped with HARMAN audio and infotainmentsystems. HARMAN has a workforce of about 12,500 people across the Americas, Europe and Asia, andreported sales of $4.0 billion for the 12 months ended September 30, 2011. The company’s shares are tradedon the New York Stock Exchange under the symbol NYSE: HAR. Click here for index US keen to partner with India on healthcareUS said it was keen on partnering with India on healthcare to offer quality services in urban and rural areas."We at the US Consulate share your interest in improving citizens access to the best available healthcare inurban and rural areas," US Consul General to Kolkata Dean Thompson said. "I wish to reiterate that the USA isinterested in partnering with India to learn from you and to share our expertise in areas where we believe wecan add value and efficiency in health care," he said.State Medical Education Director S K Bandhopadhyay, emphasized upon the need to develop and popularizethe use of alternative medicine in the country. He also pointed out there is an urgent need to increase thenumber of medical colleges and bridge the deficit of doctors. Click here for index
India is third-largest buyer of US armsIndia has emerged as the third-largest purchaser of US arms with contracts worth $4.5 billion last year even asUS sales of defence equipment went up to $34.8 billion in fiscal 2011, according to a Pentagon report. TheDefence Security Cooperation Agency (DSCA), the Pentagon agency that oversees foreign arms sales,confirmed sales in the fiscal ending 30 Sep were up at $34.8 billion.Defence sales topped $30 billion for the fourth consecutive year after reaching $31.6 billion in fiscal2010. Afghanistan, Taiwan, India, Australia and Saudi Arabia were the top buyers of US arms last year, theDefence Department said. Iraq, the United Arab Emirates, Israel, Japan and Sweden were the next largestbuyers.The top 10 foreign military sales (FMS) customers for fiscal 2011 were the Afghan Security Forces ($5.4 billion);Taiwan ($4.9 billion); India ($4.5 billion); Australia ($3.9 billion); Saudi Arabia ($3.5 billion); Iraq ($2.0 billion);the United Arab Emirates ($1.5 billion); Israel ($1.4 billion); Japan ($0.5 billion) and Sweden ($0.5 billion). TheDSCA said it expected foreign military sales to once again average $30 billion for fiscal 2012, but officialprojections were still being calculated. Click here for index US, India advance bilateral relationship despite frictionsDespite differences over the nuclear liability issue, Washingtons disappointment on the fighter jets deal, FDIand New Delhis refusal to toe Wests line on Syria and Libya at the UN Security Council, India and the US triedhard to look beyond frictions to expand their ties to new areas this year. The Indo-US civil nuclear deal, pushedoriginally by former President George W Bush and Prime Minister Manmohan Singh, was touted as a gamechanger for bilateral ties in recent years, but with the liability issues causing serious differences, the initialeuphoria seemed to have died down.Having witnessed a major industrial tragedy in Bhopal, liability has been a sensitive issue for India, and theIndian parliament passed the nuclear liability bill that places part of the responsibility of an accident on thesupplier company. The US expressed resentment over the regulations arguing they do not leave a level-playingfield for its companies. Washington was again not satisfied with the stand taken by New Delhi at the UNSecurity Council, where India differed on key issues like Syria and Libya.On the military front, the US was unhappy when Defence Minister A K Antony turned down the Pentagonproposal to include defence as part of the Strategic Dialogue. As a result of which the Strategic Dialogue hadto be pushed by several months, although the official position was that this was mainly because of the stateelections in India. Another issue that left the US openly disappointed was when India did not shortlist twoAmerican companies – Boeing and Lockheed Martin – for its lucrative multi-billion fighter jet deal. Besides, thegovernments decision to recoil its move to approve foreign direct investment in multi-brand retail alsofrustrated Americas corporate sector.India too had its own issues with the US this year, including the outrage over the arrest of several students andtheir radio tagging following the closure of a university in California on visa fraud charges. New Delhi also didnot find much progress on a number of key trade and business areas and relaxation in export of several hightech areas, despite repeated assurances from the Obama Administration in this regard. The Anna Hazare stiralso caused a minor irritant between the two sides when State Department spokesperson Victoria Nuland said
the US hoped India would exercise "democratic restraint" in dealing with the protests, following which Indiareacted sharply calling them "needless" utterances.However, the differences, along with Indias concern over the not so forthcoming co-operation oncounterterrorism issues like on David Headley, were never a real threat to ties as the two countries lookedbeyond the frictions to expand their relationship to new frontiers, laying a foundation to the vision laid downby US President Barack Obama during his 2010 visit, wherein he identified India-US relationship as definingpartnerships of the 21st century. 2011 could be remembered as a year wherein the US was continuously seenpushing New Delhi for playing a greater role in global affairs to match its economic and military power.While Obama during his Asia trip later this year identified India as a major Asia Pacific power, Secretary ofState Hillary Clinton chose Chennai for one of her landmark speeches wherein she unveiled her vision of theNew Silk Route which has the potential to herald a new economic revolution in the entire South and CentralAsia. The first-ever trilateral dialogue held between India, Japan and the US this month is another indication ofthe role US wants New Delhi to play. It was again this year that the two started "consultations" on Middle Eastand North Africa.This gained importance in the context of the Arab Spring, as Washington wants India to help countries inNorth Africa and Middle East to establish roots of democracy.In her landmark Chennai speech, Clinton explained why the US considers India important in its scheme ofthings. "President Obama made a state visit to India last year. I have been here twice in the last two years. Andwhy, one might ask? Why are we coming to India so often and welcoming Indian officials to Washington aswell?" she asked. "Its because we understand that much of the history of the 21st century will be written inAsia, and that much of the future of Asia will be shaped by decisions not only of the Indian Government inNew Delhi, but of governments across India," said Clinton.A few months later in Washington, Clinton co-chaired a meeting with Human Resources Development MinisterKapil Sibal to launch the first ever India-US Education Summit. The two countries carried out their intensiveconsultations on regional issues, Afghanistan and Pakistan in particular; even though not much appeared inthe public domain. The White House sees the benefit of Indias counseling in the troubled Af-Pak region.The fact that President Obama himself dropped in during a meeting when National Security AdvisorShivshankar Menon visited White House at the invitation of his counterpart Tom Donilon is an indication tothat effect. "The President and his National Security team took opportunities this year to advance the bilateralrelationship, follow-up on the Presidents successful November 2010 visit, and launch new initiatives thatprovide strategic continuity to the relationship," Caitlin Hayden, spokesperson of the National SecurityCouncil, White House, told PTI."The President and Prime Minister Singh met in Bali in November on margins of the East Asia Summit tohighlight our shared goals in Asia and the importance of building collaborative multilateral institutions in theregion," Hayden said. "We look forward to continuing to work closely with the Indian Government in the yearahead on the wide-range of issues in our shared bilateral, regional and global interests," she said. This year,the Obama Administration also took the important step of building relationship with Indian states, with its topofficials including Assistant Secretary of State for South and Central Asia Robert Blake himself travelling toseveral states including West Bengal, besides several visits made by Reta Jo Lewis, Special Representative forGlobal Intergovernmental Affairs.The unique feature of US-India relationship is that it enjoys a rare bipartisan support in Washington; even at atime when the Republicans and Democrats are bitterly divided in the Congress right now. This was quiteevident when lawmakers from both the parties turned out the reception hosted by the India Caucuses in boththe House of Representatives and the Senate for the new Indian Ambassador to the US Nirupama Rao. Even asthe two countries continued to march ahead in strengthening and deepening of their bilateral ties, a numberof pot holes – small and big – hit the road this year.However, unlike the bilateral relationship with other countries like China or Pakistan this never spilled in theopen. Reflecting a growing sign of maturity, officials of the two countries tried to resolve them through talks. Click here for index
DGHI Receives USAID Award for Indoor Air Pollution ResearchThe Duke Global Health Institute is one of three recipients of a US Agency for International Development(USAID) award totaling $1.3 million, in which researchers will develop and evaluate interventions addressingindoor air pollution. Through the Translating Research into Action (TRAction) project managed by UniversityResearch Co., LLC, The Duke Global Health Institute, Impact Carbon in San Francisco and Seattle-based PATHwill work with local partner organizations in India and Uganda to investigate the factors that enable families topurchase improved clean cookstoves and use them correctly over time. The studies will examine institutionsand incentives that promote stove acquisition and use, and develop and test interventions on how best tointroduce new stove technologies, change the home environment, and influence individual attitudes, beliefsand behaviors.Subhrendu Pattanayak, associate professor of public policy, environment, economics and global health, willlead the Duke research in Uttar Pradesh, India as part of the Duke Cookstove Initiative, which he has helpedstart on campus. Pattanayak will be working on the project with Marc Jeuland, assistant professor of publicpolicy and global health, and DGHI Associate in Research Jessica Lewis.Half of the world’s population cooks with solid fuels on poorly functioning stoves or open fires, primarily usingwood or other biomass. Nearly 2 million people, mostly women and children, die each year as a consequenceof household air pollution levels that are typically 100 times greater than World Health Organization air qualityguidelines.“Understanding the causes of and solutions for indoor air pollution, a leading cause of respiratory infections, isessential to demonstrate USAID’s commitment to Global Health Initiative goals of protecting women andchildren, who are disproportionately affected by indoor smoke,” said Dr. Ariel Pablos-Mendez, AssistantAdministrator, Global Health with USAID.“With support from DGHI, we have been laying the groundwork through literature reviews and meta-analysisto put ourselves in a position to conduct this type research,” said Pattanayak. “Foisting untested technologieson reluctant households without understanding contextual drivers of behavior is a recipe for disaster. Thisproject allows us to avoid past mistakes and inform future implementors.”Global efforts have focused on creating and testing improved clean cookstoves, switching to higher-quality,lower emission fuels and improved household ventilation as a key Interventions to reduce household airpollution. Though these hold promise to reduce household air pollution, evidence-based practical approachesto scaling-up and sustaining these interventions in developing country settings have been limited.For a household air pollution intervention to be effective, families must use it consistently and correctly. Thecore user, in this case women who do the majority of the cooking in most settings, need to be motivated topurchase and fully adopt a technology based on their personal preferences, social norms, knowledge andattitudes in their communities, product affordability and access, and perceived priorities. Adjusting cookingpractices can entail a high degree of behavior change which may encourage or hamper overall uptake.The challenge is how to protect the health and safety of families, honor local cooking traditions and supportthe effective uptake of clean and efficient household solutions.The Global Alliance for Clean Cookstoves, a public-private partnership led by the United Nations Foundation,aims to reach 100 million homes by 2020. The US government pledged $50 million and joins other U.S.agencies, other donor countries, host governments, corporate founding partners Morgan Stanley and Shell,academia and civil society in this global effort to address health, safety, environment, women and children. Click here for index
US plans to provide technical assistance for setting up 30 agricultural hubs in the eastern states of India which will further facilitate bilateral economic partnership.To take the bilateral economic partnership forward, the US today said it will provide assistance to India insetting up 30 agricultural hubs in the Eastern states to galvanize their growth in the farm sector. "We willprovide technical assistance in setting up 30 agricultural hubs in the Eastern states of India to help the regionachieve second green revolution," USAID Administrator Rajiv Shah said.Shah, the highest-ranking Indian-American in the Obama Administration, said US is interested in promotingpartnership especially in the farm sector through engagements with private enterprises, research centers andother institutions."Bihar whose almost 80 per cent population is dependent on agriculture continues to suffer from agriculturalbackwardness. We would like to assist it and other states in the Eastern areas to help them achieveagricultural growth", Shah, heading a US delegation here, said.Earmarking it as a priority area, the government has announced allocation of Rs 300 crore in the 2011-12 fiscalto help the Eastern states usher in second green revolution in the country. Shah said efforts would be madeto build new business models between institutions to enrich each other’s economy.With a budget of over USD 40 billion and nearly 2,000 employees, USAID is an independent federal agencythat is responsible for most US foreign aid. Shah said US President Barack Obama has profound respect forIndias innovation in agriculture and food and wished to take forward the partnership through significanteconomic engagements. During his tour of India in November 2010, Obama had clearly stated this, he added. Click here for index Anti-outsourcing US bill targets Indian call centersThe anti-outsourcing lobby in the US fired a real zinger at countries like India and the Philippines that havebeen the preferred call-centre destinations for US companies. A bipartisan bill has been tabled in the House ofRepresentatives that would punish American corporations for offshoring their telephone call centers, bymaking such companies ineligible for grants or guaranteed loans from the federal government.More worryingly, the bill also seeks to give US consumers the right to ask where the call centre representativethey are speaking with is located, and ask for an America-based representative instead.Tim Bishop, a Democrat Congressman from New York, and Republican representative David McKinleyintroduced The US Call Center Worker and Consumer Protection Act, a bipartisan bill to clamp down onoutsourcing. The proposed legislation has the potential to hurt India, which already holds at least 50 percentof the global outsourcing market, which includes call centers, number-crunching back offices and softwaredevelopment outlets.
A bipartisan bill in the US Congress seeks to punish US companies that offshore call-centre jobs to India andthe Philippines. The Philippines now leads India in call-centre jobs, employing 350,000 compared with India’s330,000, according to the Contact Center Association of the Philippines.America’s protectionist legislation would put some aggressive mandates on call-centre operations. Here aresome of the things this bill would do:• Require the US Department of Labor to publicly list US firms that move call centre jobs overseas• Make these firms ineligible for any direct or indirect federal loans or loan guarantees for five years• Require 120-day advance notification of a proposed move offshore• Require call centre employees to tell US consumers where they are located, if asked• Require that call centers transfer calls to a US call centre, if askedIn a conference call with reporters, Bishop said: “Outsourcing is one of the scourges of our economy and oneof the reasons we are struggling to knock down the unemployment rate and reduce the number of Americanswho are out of work… We can’t prohibit it, but we can certainly discourage it.”“With Representative McKinley as my primary Republican co-sponsor, I’m very hopeful he can bring a goodnumber of his colleagues to the table,” Bishop said. “It’s hard to defend the practice. It’s hard to say we wouldrather employ someone in the Philippines or India than in the US.”Not surprisingly, Bishop and McKinley’s call centre bill has powerful backing from the CommunicationsWorkers of America (CWA), a union representing 700,000 workers, more than 150,000 of whom are customerservice reps. “Americans are fed up with good-paying family supporting call center jobs here in the US beingshipped overseas so the one percent can make a little extra money,” said CWA chief of staff Ron Collins, whowill be mobilizing support for the legislation in individual states and Congressional districts.The call centre bill is unlikely to win the support of the large number of anti-protectionist Republican membersof Congress, but it comes at a time when job creation is a top priority for Republicans and Democrats as thecountry heads into the 2012 election. As the election battle heats up, so will debates about unemployment,the sliding US economy, and inevitably, outsourcing.Politicians of all stripes applauded when AT&T promised in August this year to bring 5,000 customer servicejobs back to the US if it was allowed to proceed with its proposed $39 billion acquisition of T-Mobile USA.AT&T’s call centers in India and the Philippines were directly in the line of fire. Fortunately for the company’sIndian workers, AT&T abandoned its takeover bid for T-Mobile USA on after opposition from telecomregulators, who baulked at AT&T’s ambitions to become the biggest US wireless carrier. Click here for index DuPont rejigs leadership in IndiaScience and engineering products firm, DuPont recently claimed that, Rajeev Vaidya has been appointed asthe new President (South Asia).The appointment will be effective from December 15, 2011. Vaidya takes over from Balvinder S Kalsi, who willserve DuPont Headquarters in Wilmington as a leader in corporate strategy. Kalsi had been leading DuPont inSouth Asia, including India, for the last six years."Under Balvinders leadership, DuPont India emerged as one of the fastest growing strategic markets forDuPont globally. Rajeev brings in a wealth of experience," DuPont Executive Vice-President and ChiefInnovation Officer Tom Connelly said in a statement.Vaidya joined DuPont in 1985 and has held various positions in the Asia Pacific, including that of regionalleader for the DuPont Titanium technologies and most recently that of regional business leader for DuPontChemicals & Fluoroproducts.
"The growth opportunities in India are big and span many sectors including agriculture, food, alternativeenergy, transportation, construction, safety and protection," Rajeev Vaidya said.In the last six years, DuPont India tripled its sales revenues to nearly Rs 5,200 crore (approximately $1 billion).The key milestones under Kalsis leadership include the launch of the DuPont India Innovation Centre at Punethis year, the opening of DuPont Knowledge Center and the DuPont Services Center in Hyderabad in 2008, andexpanding into the markets of Bangladesh and Sri Lanka. DuPont India is a wholly-owned subsidiary of theWilmington, Delaware, US-based E I du Pont de Nemours and Company. Click here for index Mahindras US emission certificate to expire in DecemberMahindra & Mahindra’s plan to take its products to the US market seems to have taken a back seat for now,according to sources in the country’s market leader in sports utility vehicles.The city-based entity has yet to apply for a re-certification for federal emissions with the EnvironmentalProtection Agency (EPA) of the American government. The validity of the document is about to get expired bythis year’s end. M&M is also embroiled in a legal dispute with Global Vehicles Inc. (GV) of Texas overdistribution and sales of its vehicles in that country.It was last year that the EPA awarded the certification to the 1945-founded automotive company, allowing itto sell its pick-ups in the US market. The certification pertained to two M&M models (TR20 and TR40) for the2011 calendar year.Now, the company will have to submit vehicles for federal emissions and safety testing all over again, sourcessaid. The earlier pick-ups, powered by India-made diesel engines, were based on the Scorpio model. Pick-upsmay not be that popular in India, but the US is the world’s largest market for it. Reports state the pick-upvehicles did not live up to the fuel-efficiency levels as promised by Mahindra, falling well short of its target.Under testing, the pick-ups delivered 19 to 21 miles per gallon under city and highway driving conditions,falling short of the company’s claimed mileage of 30 miles per gallon. M&M had hoped to benefit from theabsence of competition in the segment it was planning to enter.According to M&M, no company has a presence in the compact pick-up segment, whose engines are poweredby diesel. With petrol prices soaring and waning demand for compact pick-ups powered by petrol, M&M hadbeen counting on its diesel pick-ups to regenerate demand. When contacted, the company did not elaborateon its plans for the US market.“It is an on-going process for us,” said an M&M spokesperson. “Since the matter is under litigation, we cannotcomment on it at this point of time.” M&M had plans to ship to the US bulk parts of the pick-up from itsmanufacturing plant in Chakan off Pune. Earlier, the idea was to assemble the pick-ups locally in the US -- byeither setting up a greenfield plant or by acquiring a facility. The US government levies 25 per cent tariff onimported pick-up trucks. Others such as Toyota and Nissan build such pick-ups locally. An imported route willput M&M at a huge pricing disadvantage compared to other manufacturers.On another front, SsangYong Motor Company, a South Korean firm that Mahindra acquired, plans to enter theUS market in 2016. SsangYong is one of the largest SUV-makers in its home market, and has more than 1,000dealerships across the world.As for M&M’s plans for the US market, an industry analyst says the company will receive boost from thetechnological support in vehicle and engine development from SsangYong. “True, M&M’s attempt to enter theUS market has not fructified in the past four years, but the acquisition of SsangYong will allow it to be betterprepared for the mission,” he adds.Three years ago, the Scorpio-based pick-ups, engineered by M&M specifically for the US market, were set toreach North American shores. The launch dates, though, were postponed not less than three times thereafter,prompting the company’s marketing and distribution partner, Arlington-based GV, to file a lawsuit against itfor the delay.
The 2003-established GV had set up a network of 347 dealers across 49 states in the US after getting on boardseveral automotive dealers from other car brands. The company and its dealers collectively spent close to$100 million preparing for the launch.In August this year, M&M severed its contract with GV -- three days after it received certification fromAmerica’s EPA. The company incurred an expenditure of more than Rs 200 crore in upgrading the Scorpio tosuit the US customer taste and also on the development of the two- and four-door pick-up trucks. It alsointended to launch an upgraded version of the Xylo in the US. Click here for index India, US discuss economic, strategic cooperationAt a time when India-US relations seem to be in limbo, top officials of both countries recently reviewed thestatus of economic and strategic cooperation, taking up issues such as the implementation of a civil nucleardeal and building on economic and defence ties.US Deputy Secretary of State William Burns, who arrived in New Delhi over the weekend, started his two-dayvisit with a meeting with foreign secretary Ranjan Mathai, a government official said. Burns also met PrimeMinister Manmohan Singh, foreign minister S.M. Krishna and national security adviser Shivshankar Menon,besides finance minister Pranab Mukherjee.Speaking to reporters, Burns said his visit was a follow-up to a meeting last month in Bali, Indonesia, betweenSingh and US President Barack Obama.The security situation in Afghanistan, where international troops are fighting a resurgent Taliban; US’ ties withIslamabad, especially after the deaths of 24 Pakistan soldiers in an attack in a North Atlantic TreatyOrganization air strike last month; pro-democracy protests in West Asia, and the situation in the Asia-Pacificregion were discussed. “We had very productive discussions on bilateral, regional and global issues,” Burnssaid. “We stressed our shared interest in expanding economic cooperation between our two countries, ourshared commitment to the full implementation of the civil nuclear agreement, and our shared stake inexpanding defence ties.”The US had been seeking more clarity on the provisions of India’s nuclear liability law that was notified lastmonth, just days before the Singh-Obama meeting on the sidelines of the East Asia Summit in Bali. The US in2008 had concluded a landmark civil nuclear pact with India that helped overturn a 34-year-old embargoagainst India sourcing sensitive technology and atomic power plants from the global market. But it has beenholding back investment because of concerns about India’s nuclear liability law, which holds suppliersresponsible in the event of an accident. France and Russia have similar concerns.India says it is bound by its law and has rejected US secretary of state Hillary Clinton’s suggestion that it shouldget the legislation examined by the International Atomic Energy Agency—the international nuclearwatchdog—to see if it was compatible with the international law on the issue, Convention on SupplementaryCompensation.Media reports from Bali quoted Singh as saying he had explained to Obama that India had a “law in place andrules have been formulated...we have gone some way to respond to concerns of American companies andwithin the four corners of the law of the land, we are willing to address any specific grievances”.The provisions of India’s nuclear liability law were made public just months after two US companies lost out totwo European firms in a bid for fighter jets for the Indian Air Force (IAF) in April. The IAF is expected to buy 126aircraft in a deal worth about $11 billion.Burns also discussed economic reforms with Mukherjee. The discussion took place against the backdrop of theIndian government putting on hold plans to allow greater direct investment in multi-brand retail followingprotests by opposition parties as well as some allies. The proposal was expected to make the way forAmerican retailer Wal-Mart, Britain’s Tesco and France’s Carrefour to invest in India’s retail market—estimated to be worth around $400 billion.
Burns’ visit to India comes as Ashley J. Tellis; a senior associate at the Washington-based Carnegie Endowmentfor International Peace, in an article noted “a certain disappointment with India in the (US) administration” onits slow pace of cooperation.“What is needed at Washington at this stage therefore is a measure of patience. Deeper cooperation willcome as the Indian state grows more and more comfortable with the United States and its strategic aims andits manner of doing business,” Tellis said in the article, titled “Ebb and Tide”.Though both sides have to work on their ties, any talk of “the demise of their strategic partnership has beenvery much exaggerated”, he added. Ties between the world’s oldest and the largest democracies havewarmed steadily in the past decade, with three US presidents visiting India between March 2000 andNovember 2010.In his remarks, Burns was careful not to expose any possible tensions between the two countries. “Ours is arelationship where we are not going to see every day the kind of dramatic breakthroughs or achievementsevery day... but I think every day we can continue the hard steady work of building on and strengthening therelationship.” Click here for index
Moodys upgrades Indias debt ratingDespite slowing industrial growth and high inflation, credit rating agency Moodys Investor Service hasupgraded Indias sovereign debt rating from Ba1, a speculative grade, to Baa3, which is investment grade. Themeasures likely to be announced by December-end include relaxation in the lock-in and residual maturitynorms for investments in the infrastructure sector, according to a Moodys official.The lock-in period and the residual maturity are expected to be reduced to one year for all infrastructureinvestments. "Indias Baa3 rating incorporates credit strengths such as a large, diversified economy, robustmedium term growth prospects and a strong domestic savings pool that facilitates the financing andrefinancing of the governments relatively high debt burden," the ratings agency said in a statement.Tellingly, it added, "It also encompasses credit challenges such as wide and persistent fiscal deficits, a policyprocess often hamstrung by domestic politics, susceptibility to inflationary pressures, and the limitations thatpoor social and physical infrastructure place on growth."Moodys upgraded the rating on long-term government bonds denominated in domestic currency and long-term country ceiling on foreign currency bank deposits, both, from Ba1 to Baa3.The last time Moodys upgraded any Indian long-term sovereign debt instrument from speculative toinvestment grade was in 2004. The agency has also upgraded the short-term government bonds denominatedin domestic currency from NP to P-3, again from speculative to investment grade. The rating has beenupgraded in this case for the first time since it was assigned in 1998.The upgrade follows a meeting last month between the representatives of the rating agency and financeministry officials. The officials, led by R Gopalan, secretary to the department of economic affairs, pushedMoodys to upgrade the countrys rating to Baa1, two notches above its current rating.Moodys has now recognized that the diverse sources of Indian growth have enhanced Indias resilience toglobal shocks. The present slowdown in growth rates could reverse some time in financial year 2012-13, asinflation cools from current 9 per cent levels, it says in its report. The structural drivers of Indias growthmomentum will not be damaged by the present cyclical downturn, it says.Moodys also expect that growth, supported by savings and investments, will revive over the medium term.In terms of economic size, diversity, growth as well as saving and investment rates, India is stronger its baa3rated peers, it notes. The rating agency has, however, pointed out that Indias weak fiscal metricsremained a constraint for the nations rating as government debt levels were higher than similarly ratednations.Improvement in government finances, coupled with enhancements to the investment climate and areduction in infrastructure bottlenecks, could lead to the rating being considered for an upgrade from currentlevels, said the agency in its report. It added the caveat that a sustained rise in debt or continued worseningof the balance of payments well beyond the period of current global uncertainty could trigger a downgrade. Click here for index India, US discuss civil nuclear and other issuesIndia and the United States have held talks on several issues, including the contentious civil nuclear liabilityact, with visiting deputy secretary of state, William Burns from the US state department. The talks follow upon the Manmohan Singh-Barack Obama meeting in Indonesia last month.According to Burns, foreign secretary Ranjan Mathai and national security adviser, Shivshankar Menon, agreedon the need for full implementation of the civil nuclear agreement in the meetings he had withthem. Washington has sought greater clarity on the rules for the civil nuclear liability act, especially withregard to the limits on compensation to be paid by equipment suppliers in case of an accident. Americanfirms have so far held off from setting up nuclear plants in India because of misgivings arising out ofimplementation of the liability clause.
India too feels the US has not fully implemented its end of the nuclear agreement, especially with respect totransfer of enrichment and reprocessing (ENR) technology and equipment. South Block has reasons to believethat the anti-proliferation lobby in Congress and the State Department were given a free run in the build-up tothis Junes Nuclear Suppliers Group plenary, which further tightened the ENR equipment and technologyexport rules.We had very productive discussions on a wide range of bilateral, regional and global issues. We stressed ourshared interest in expanding our economic cooperation [and] our shared commitment to the fullimplementation of the civil nuclear agreement, Burns told newspersons after his meetings with NSA Menonand secretary Mathai. They also discussed the situation in Afghanistan as well as increasing economiccooperation.Burns also called on external affairs minister SM Krishna and Prime Minister Manmohan Singh. Burns said theUS government was paying high-level attention to its ties with India and cautioned against dramaticbreakthroughs or announcements at every interaction. But I think every day we can continue with our hard,steady work on building and strengthening the relationship that matters great to our two governments andour people. Click here for index USTR Announces Results of Special 301 Review of Notorious MarketsThe Office of the United States Trade Representative (USTR) today issued the Special 301 Out-of-Cycle Reviewof Notorious Markets. It identifies more than 30 markets that typify the problem of marketplaces that deal ingoods and services that infringe on intellectual property rights (IPR) and help to sustain global piracy andcounterfeiting. The results identify examples of both Internet and physical marketplaces that have been thesubject of enforcement action connected with counterfeiting and piracy, or that may merit furtherinvestigation for possible IPR infringements“Piracy and counterfeiting continue to present a serious challenge to the innovation and creativity that isessential to supporting American jobs and creating economic growth around the world. The notorious marketshighlighted in this review negatively impact legitimate businesses and industries of all sizes that rely onintellectual property to protect their goods and services,” said United States Trade Representative Ron Kirk.“We hope that this review will continue to yield the kind of concrete action from highlighted markets that ledto the removal of several markets from the list this year.”The Notorious Markets Review identifies markets in each category that are particularly prominent examples ofwhere infringing goods and services are sold. It does not constitute an exhaustive list of all notorious marketsaround the world. Inclusion in the Notorious Markets List does not reflect a finding of a violation of law or theUnited States Government’s analysis of the general IPR protection and enforcement climate in the countryconcerned; such analysis is contained in the annual Special 301 Report issued at the end of April. However, theUnited States urges the responsible authorities to intensify efforts to combat piracy and counterfeiting inthese and similar markets, and to use the information contained in the Notorious Markets List to pursue legalactions where appropriate.This year’s list also highlights positive developments since the issuance of the previous Notorious Markets Listin February of 2011. For example, USTR applauds Chinese site Baidu, one of the world’s most visited sites andpreviously identified as an example of a site linking to infringing content, for entering into a licensingagreement with U.S. and other rights holders in the recording industry. In addition, Hong Kong customsofficials took action to remove allegedly infringing goods from the premises of the Ladies Market. Also,management at the Savelovskiy Market in Russia implemented a plan to stop the distribution of infringinggoods.Several markets have been identified for the availability of pirated and counterfeit goods and services throughtheir premises or networks. The markets listed include, for example, the Chinese website Taobao, a siteoffering a variety of infringing products to consumers and businesses that, while continuing its significantefforts to address the problem, reportedly also continues to offer infringing products. The Notorious Markets
List also identifies specific activities such as blogs or online forums offering links to infringing content online,or key physical markets such as PC Malls in China.USTR and other agencies of the U.S. government are actively engaged with U.S. trading partners to seekappropriate action against counterfeiting and piracy, including counterfeiting and piracy related to marketsidentified in this report. For example, USTR recently requested public comments on Paraguay’simplementation of the U.S.-Paraguay Memorandum of Understanding on Intellectual Property Rights, whichincludes provisions to address adequate and effective protection and enforcement of IPR at the markets inCiudad del Este, reportedly one of the region’s most notorious markets for counterfeit and pirated products.BACKGROUNDUSTR has identified notorious markets in the Special 301 Report since 2006. In 2010, USTR announced that itwould begin to publish the Notorious Markets List separately from the Special 301 Report, in order to increasepublic awareness and guide related trade enforcement actions. USTR published the first stand-alone NotoriousMarkets List in February 2011, as an “Out-of-Cycle Review of Notorious Markets. The Special 301Subcommittee received and reviewed written submissions from the public concerning potential examples ofInternet and physical notorious markets. The Notorious Markets List released today is the result of this effort Click here for index
Indo-US Trade Statistics 2011: U.S. Trade in Merchandise goods with India Month US Exports US Imports Balance to India From India Of Trade January2011 1,391.9 2,532.3 -1,140.4 February2011 1,458.4 2,229.8 -771.4 March 2011 1,714.4 3,164.1 -1,449.7 April2011 1,912.0 3,253.7 -1,341.7 May2011 1,995.8 3,460.4 -1,464.5 June2011 2,100.9 3,303.5 -1,202.6 July2011 1,857.7 3,114.4 -1,256.7 August2011 1,823.7 3,374.2 -1,550.5 September 2011 1,731.1 3,089.4 -1,358.3 October 2011 1,718.9 3,304.8 -1,586.0 Total 2011 17,704.9 30,826.6 -13,121.6NOTE: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified .Details may notequal totals due to rounding.India–US TradeTrade and commerce form a crucial component of the rapidly expanding and multi-faceted relations betweenIndia and US. From modest $ 5.6 billion in 1990, the bilateral trade in merchandise goods has increased to $48.75 billion in 2010 representing an impressive 771% growth in a span of 20 years.India’s merchandise exports to the U.S. grew by 24.3% from $ 22.14 billion during the period Jan. – September2010, to $ 27.52 billion in Jan. – September 2011. US exports of merchandise to India also grew by 12.7% from$ 14.18 billion during Jan. - September 2010 to $ 15.99 billion in Jan. – September 2011. India – US BilateralMerchandise Trade stands at $ 43.51 billion during this period.
Indo-US Trade during the period January to October 2011 4.00 3.46 3.50 3.37 3.25 3.30 3.30 3.16 3.11 3.00 3.00 2.53 2.50 2.23 2.10 2.00 2.00 1.91 1.86 1.82 2011 US Exports to india 1.71 1.73 1.71 US Imports from India 1.46 1.50 1.39 1.00 0.50 0.00 All figures are in millions of U.S .dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not equal totals due to rounding. i) Major items of export from India to U.S Select major items with their percentage shares, are given below.a) Textiles (17.7%)b) Precious stones & metals (22%)c) Mineral fuel, oils (10.9%)d) Pharmaceutical products (8.6%)e) Organic chemicals (5.1%)f) Machinery (4.8%)g) Electrical machinery (4%)h) Iron & Steel Products (3.4 %) ii) Major items of export from U.S to India Select major items with their percentage shares, are given below a) Precious stones & metals (22.7%) b) Machinery (13.5%) c) Mineral fuel, Oil, etc. (8.9%) d) Electrical machinery (7.1%) e) Optical instruments & equipment (5.6%) f)) Organic chemicals (4.3%) g) Fertilizers (4.5%) h) Plastic (3.7%) Click here for index
Calendar of IACC Events for 2011-12 (as on 1st January 2012) Date Event Topic Hotel/City/Information10 Jan, 2012 Opportunities for Indo-US Partnership in Education Mangalore, Karnataka11th Jan, 2012 Guidance Session on “U.S Business Visas” Hotel Le Meridien, 762 Avinashi Road, Coimbatore – 64106212th Jan, 2012 “LEADERSHIP THROUGH LAUGHTER” with World Town Hall, Ground Floor, Renowned leadership and Motivational Express Towers, Nariman Point, Coach Mr. Anand Chulani. Mumbai.13th Jan, 2012 Interactive Workshop on Transfer Pricing Hotel Hilton, New Delhi18th Jan, 2012 Colloquium on "Doing Business with U.S.A" Madurai20th Jan, 2012 IACC Interactive Session on U.S Business Visa Update’ Kilachand Conference Room, 2nd Floor Indian Merchant Chambers, MumbaiJan 19 –Jan 21, 2012 Conference on U.S & India : Key Legal Aspects of Cross Border Business, Supported by IACC Taj Lands, MumbaiFeb 07-Feb 12, 2012 Business/Social Delegation to + Ohio, USA the Columbus Ohio, USA Organized by IACC, Gujarat Branch19-20 April, 2012 8th Indo-U.S Economic Summit Hotel Hilton, New Delhi23rd - 24th May, 2012 SUITE 2012 Washington D.C./Fairfax County, VAMay 28-June 8, 2012 IACC 2nd Delegation of Indian Higher Education Houston, TX Institutes to the U.S & NAFSA Conference Click here to read more Institutions to the USA Click here for index
International Trade shows Major Trade shows in IndiaDate/ Event Venue/Location DescriptionAMS INDIA CONFERENCE 2011 Hilton Hotel, Janakpuri, New Global automotive05 December 2011 - 07 Delhi, India manufacturing and engineeringDecember 2011 congress for senior executivesKhadhyaKhurak2012 SIECC, Surat, India Garfab-TX trade fair will06 January 2012 - 09 January showcase most innovative and2012 sophisticated machines of sewing, embroidery, and looms.MY BUSINESS INDIA SHOW University Grounds, Ahmedabad, KhadhyaKhurak is organised with06 January 2012 - 09 January Ahmedabad, India the noble cause of uplifting the2012 Indian Food Industry.Travel & Tourism Fair-Chennai Vapi Industrial Association “MY BUSINESS INDIA SHOW” will06 January 2012 - 08 January Ground , Vapi, India be the 1st Industrial Exhibition2012 Where Manufactures, Dealers, traders, Suppliers of Raw Materials & Service provider are expected. “MY BUSINESS INDIA SHOW” will be held at V.I.A. Ground, Near G.I.D.C. Char Rasta, Vapi, MY BUSINESS INDIA SHOW is expecting participation by over 300 exhibitors.Metro Fair 2012 Rajah Muthiah Hall, Chennai, TTF is Indias leading exhibition11 January 2012 - 15 January India for the travel & tourism industry.2012 Since 1989, it provides an annual opportunity for organizations from India and abroad to showcase their products and services to a large cross section of the travel trade and consumers across major markets in India.Women’s Shopping Carnival Suguna A/c Hall at Avinashi road, Metro fair is a Consumer2012 Coimbatore, India Exhibition to exhibits all kind of12 January 2012 - 12 January personal & house Hold products,2012 toys, appeal and fashion products with a food court.ELECRAMA 2012 Tulip Star, Mumbai, India Womens Shopping Carnival is an18 January 2012 - 22 January event exclusively aimed at highly2012 affluent women of the age group 18 to 35 years.OGIC 2012 Bombay Exhibition Centre, ELECRAMA 2011 is the largest18 January 2012 - 20 January Goregaon (E),Mumbai, India exhibition of power, electrical,2012 industrial electronics & allied products in eastern part of the
world. This exhibition offers the international energy and electricity producing and supplying industry an attractive and successful market platform, with guaranteed customer contact.India International Garment Fair Renaissance Mumbai Hotel and SPE Oil and Gas Indian2012 Convention Centre, Mumbai, Conference and Exhibition19 January 2012 - 21 January India2012VAS India 2012 Pragati Maidan, New Delhi, India The India International Garment19 January 2012 - 19 January Fair, one of Asias largest and2012 most popular apparel and clothing trade shows is going to be in New Delhi. A perfect amalgamation of fashion, design and quality, the 48th India International Garment Fair is the ultimate destination for global fashion buffs and textile industry giants.UE The Jewelry Expo 2012 Hotel Taj Lands’ End, Mumbai, In India, MVAS has become a big27 January 2012 - 29 January India part of the mobile users life2012 today. With over 450 million mobile phone subscribers in India today & having the second largest subscriber base in the whole world - Indian Telecom Industry has started witnessing an era when Users buy mobile phones not just to be in touch, but to express themselves, their attitude, feelings & interests.Udyog 2012 The Residency, Coimbatore, Indias Most Alluring Jewelry27 January 2012 - 30 January India Expo2012International Mining Exhibition Surat International Exhibition Udyog 2012 is one of the most(IME 2012) and Conventions Centre, Surat, prominent exhibitions for28 January 2012 - 31 January India industry, SME and B2B sector, in2012 India.The Times Franchise Expo- Netaji Indoor Stadium and IME 2012 is an InternationalAhmedabad Khudiram Hall Complex, Kolkata, Mining, Exploration Mineral28 January 2012 - 29 January India Processing Technology &2012 Machinery Exhibition. This expo will prove to be an ideal platform which brings both exhibitors and visitors of this industry together under one roof. It is an exclusive place for display and launch of new initiatives, products and technologies, establishing joint ventures, developing and renewing International and regional contacts
HOSTS 2012 RAJPATH CLUB, Ahmedabad, The Times Franchise Expo-31 January 2012 - 03 February India Ahmedabad will be a landmark2012 exhibition which will offer an insight into all aspects of franchising both nationally and internationally. This is the Indias Biggest B2B Marketplace which will be take place at RAJPATH CLUBAIR CARGO INDIA Bombay Exhibition Centre(BEC), This is the 4th edition of the01 February 2012 – 03 February Mumbai, Maharashtra, India Biennial International Air Cargo2012 event taking place in Mumbai. The event consists of Exhibition and Conference running concurrently on all the three days. All the three editions of the event attracted International Players from the Air Cargo industry to exhibit their products and services.Golden Maharashtra- The Taj Mahal Palace, Mumbai , Golden Maharashtra-TheManufacturing Magnet Maharashtra, India Manufacturing Magnet is one of02 February 2012 the most professionally organized trade conference events in India. The event focuses on multiple business sectors, including the engineering, manufacturing, pharmaceuticals, textiles, food processing and jewelry industries.Isrmax India Indian Agricultural Research Isrmax India is an endeavor to02 February 2012 – 04 February Institute Campus, New Delhi, provide an international2012 India platform for supporting the research-extension partnership to promote the use of benefit- enhancing technologies for Sugar, Rice and Maize cultivation, production, processing and their complete utilization.POWER ON Hyderabad International Trade Power On 2012 has witnessed03 February 2012- 05 February Exposition Centre(HITEX) participation of more than 40002012 Hyderabad, Andhra Pradesh, visitors and around 220 India exhibitors in the previous edition of the show. The organizations related to this industry must participate in the fair as they will get an opportunity to showcase their innovative products and servicesMedia Expo-Mumbai Bombay Exhibition Centre(BEC) Media Expo-Mumbai ranks03 February 2012- 05 February Mumbai, Maharashtra, India among the largest media and2012 advertising industry related trade fairs in India. Organized at
the Bombay Exhibition Center, the event brings in more than 250 exhibiting companies, showcasing a wide array of signage raw materials, printing and packaging tools, shop fittings, POP banners, laser displays, pre-press machinery and other allied productsSouth India Jewelry Show Palace Grounds, Bengaluru, South India Jewelry Show (SIJS) is03 February 2012- 05 February Karnataka, India an excellent opportunity to make2012 new business connections, tie- ups, trade partnerships and most importantly make face-to-face contacts with the right people. It is also a unique platform to promote and showcase your latest designs, products and services.Bangalore INDIA BIO Hotel Lalit Ashok Bangalore INDIA BIO features06 February 2012- 08 February Bengaluru, Karnataka, India among the most comprehensive2012 Indian biotechnology sector trade shows. The event is organized at The Lalit Ashok Hotel and boasts of overall participation figures in excess of 5000 on a regular basis. Informative conferences, helmed by expert industry speakers, are organized during the event, with a view to acquaint participants with the latest techniques and perspectives from this sectorWater Expo-Chennai Chennai Trade & Convention Water Today 2012 is an exciting07 February 2012- 09 February Centre, Chennai, Tamil Nadu, three day event dedicated to2012 India water and waste water management. The event has been organized since the year 2006 and each edition has been well received by the participants. International participation from Indonesia, Malaysia, China, Taiwan, Korea, Singapore, Dubai, Oman, Saudi Arabia, South Africa and Japan will give the exhibition a new dimension.Oceantex Bombay Exhibition Centre(BEC) Oceantex is a benchmark event08 February 2012- 11 February Mumbai, Maharashtra, India dedicated to the Hydrocarbon2012 sector in India. With the depletion of energy resources causing a major havoc in the world, Oceantex comes across as a breath of fresh air for the various industries.
International Power Bombay Exhibition Centre(BEC) International PowerTransmission Expo Mumbai, Maharashtra, India Transmission Expo is a09 February 2012- 11 February Tremendous event for the power2012 plant and machinery industry that will take place over duration of three days at Bombay Exhibition Centre (BEC)/Mumbai. The event will act as a one stop shop for all the major players who will be present at the exposition. It is the best place to start new partnerships with fellow industrialists.The Economics Times ACETECH - Hyderabad International Trade This is a Mega event dedicatedHyderabad Exposition Centre(HITEX) to the building and construction10 February 2012- 12 February Hyderabad, Andhra Pradesh, industry in the country. The2012 India event is a part of long list of building and construction fairs organized by Asian Business Exhibition & Conferences Limited at the HITEX CENTRE / Hyderabad. The event will provide a once in a life time opportunity to the builders in the region to come out and showcase their potential in front of prospective buyers.Energy Tech Pragati Maidan Energy Tech Exhibition will10 February 2012- 12 February New Delhi, India showcase the wide range of2012 energy products and related items. The exhibition will display the latest and innovative technological developments in solar, wind, hydroelectricity and bio-fuels segments. It will provide the opportunity for the promotion of business activities to encourage successful trade co-operations with both Indian and foreign entrepreneurs.ET Asia ITEX - New Delhi Pragati Maidan, New Delhi, ET Asia ITEX - New Delhi is10 February 2012- 12 February Delhi, India milestone event that will assist2012 the Indian IT and Converging Technology companies, traders, importers, suppliers and end users to leapfrog into the future. It will bring industry leaders, analysts, government agencies, academia, integrators and decision makers on this fertile platform. In other words, this type of expo is a dipstick for future developments and trends of Indian Converging Technologies market.
EnviroTech Pragati Maidan, New Delhi, The 3rd edition of Enviro Tech is10 February 2012- 12 February Delhi, India being organized to focus on the2012 environment related issues by showcasing the products and technologies to the entrepreneurs, policy makers and others related to the field and also with a view to create awareness amongst the common man.India International Fashion Bombay Exhibition Centre (BEC) India International FashionJewelry & Accessories Show Mumbai, Maharashtra, India Jewelry & Accessories Show10 February 2012- 13 February ranks as one of the leading2012 jewelry industry trade events in India. The show serves as a convenient platform for leading professionals from this sector to directly interact with each other and deliberate upon the latest news, views and prevailing trends from this sector. More than 300 exhibition stalls are set up during the show and a wide range of eminent jewelry brands are also launched here. Gold and silver jewelry items, accessories for men, handicraft jewelry items, wallets, watches, belts, beads etc.India Wood Bangalore International India Wood 2012 is a significant10 February 2012- 14 February Exhibition Centre (BIEC) venture by PDA Trade Fairs2012 Bengaluru, Karnataka, India aimed at promoting the Indian woodwork and furniture industry. The event will take place at Bangalore International Exhibition Centre over duration of 5 days and it will be full of numerous trading possibilities for the participants.India International Aqua Show Jawaharlal Nehru International India International Aqua Show is10 February 2012- 14 February Stadium, Cochin, Kerala, India an Ornamental Fish &2012 Accessories Exhibition and Trade Fair Organized by the Department of Fisheries, Government of Kerala in association with the Ministry of Agriculture, Government of India. It is a unique opportunity for exhibiting and marketing ornamental fish and accessories.The Times Franchise Expo- Himachal Bhawan, Chandigarh, The Times Franchise Expo-Chandigarh India Chandigarh will be a landmark11 February 2012- 12 February exhibition which will offer an2012 insight into all aspects of franchising both nationally and internationally. This is the Indias
Biggest B2B Marketplace which will be take place at Hotel Mount View -Chandigarh.World Petro Coal Congress Convention Centre-NDCC World Petro Coal Congress is one15 February 2012- 17 February New Delhi, Delhi, India of the most comprehensive2012 petroleum, gas and energy sector related trade events in India. Organized at New Delhi, the show is attended by more than 2000 visiting participants, underlining the enormous popularity of the event.Times Construction & Mining Gujarat University Exhibition Hall Construction & MiningMachinery Expo Ahmedabad, Gujarat, India Machinery Expo 2012 is an event15 February 2012- 18 February organized by Conventions and2012 Fairs private ltd which is dedicated to the Building and Construction industry in India. This is one of the finest building and construction fair in western India and it will serve as the ultimate access point for allElectronics for You Expo Pragati Maidan Electronics For You 2012 is one15 February 2012- 18 February New Delhi, Delhi, India of the most complete and fully2012 dedicated event for the electronics industry in India. The event has been organized to help Indian electronics traders to rise and shine at the biggest stage.International Elevator & Bombay Exhibition Centre(BEC), International Elevator &Escalator Expo Mumbai, Maharashtra, India Escalator Expo (IEE Expo)16 February 2012- 18 February promises to be bigger with many2012 more Indian and International brands participating. The expo serves as a prime business opportunity for all companies wishing to showcase new, innovative product lines and technologies.International Rice Pro-tech Expo Bareilly Club Rice Pro-tech Expo 2012 is a17 February 2012- 19 February Bareilly, Uttar Pradesh, India benchmark event for the Indian2012 agriculture industry which will take place over duration of three days at Bareilly Club, in Bareilly, U.P. The exposition will feature latest solutions for various agricultural scenarios that will help in cutting cost during production.Hospitality India Hyderabad International Trade Hospitality India ranks among17 February 2012- 19 February Exposition Centre(HITEX) the top food and hospitality2012 Hyderabad, Andhra Pradesh, industry related trade events in India India. Organized at the HITEX Exhibition Center in Hyderabad, the show boasts of overall visitor counts in excess of 12000 at
each of its editions. The show is instrumental in helping participants keep a tab on the rapidly growing Indian hospitality markets and attending companies also launch new products during the event.Garment Technology Expo NSIC Exhibition Complex Garment Technology Expo-New17 February 2012- 20 February New Delhi, Delhi, India Delhi ranks among the best2012 apparel sector trade events in India. The show enjoys a high level of popularity among exhibitors and visitors alike, with more than 3000 attendees thronging to the event on a regular basis.BUILD INTEC CODISSIA Trade Fair Complex BUILD INTEC 2012 is the newest17 February 2012- 20 February Coimbatore, Tamil Nadu, India venture by the highly reputed2012 organizer CODISSIA for the building and construction industry that will take place in south India. The venue chosen for this highly anticipated event is CODISSIA Trade Fair complex in Coimbatore.Engineering Expo - Aurangabad Garware Stadium Engineering Expo Aurangabad17 February 2012- 20 February Aurangabad, Maharashtra, India will be one of the finest2012 tradeshows dedicated to the engineering and manufacturing industry in India. The event will take place at Garware Stadium, Chikkalthana and it is one of the many trade fairs organized by Network 18 Limited.AD-TECH New Delhi The Leela Kempinski Gurgaon, AD-TECH New Delhi is one of the22 February 2012- 24 February Delhi NCR, India biggest exhibitions organized2012 worldwide. The exhibitors will get an opportunity to advertise their products, sponsor and showcase the firm in a unique exhibit, to hold a seminar or meeting at the expo and many more such opportunities.Intelpack Bombay Exhibition Centre(BEC) Intelpack is one of the most23 February 2012- 25 February Mumbai, Maharashtra, India crucial events dedicated to the2012 packaging industry in India. The packaging market in India is valued at over 15 Billion Dollars and growing at around 18% per annum. The event will offer the perfect platform to explore huge business potential in the country.Concrete show India Bandra Kurla Complex Concrete Show India 2012 is a23 February 2012- 25 February Mumbai, Maharashtra, India fantastic trade fair organized by2012 UBM India Pvt. Ltd. for the building and construction
industry in India..Panacea 2012 - 5th Natural Mumbai World Trade Centre Panacea ranks as one of theProducts Expo India Mumbai, Maharashtra, India most professionally organized23 February 2012- 25 February Indian trade events, dedicated2012 exclusively to the natural and organic products sector. Organized at the World trade center in Mumbai, the show provides an ideal opportunity for leading companies from this sector to showcase products and gain greater recognition in the rapidly growing South Asian markets. With more than 5000 business visitors attending the show on a regular basis, corporate networking opportunities here are extensive too.Inside outside Mega show- MMRDA Exhibition Center Inside Outside Mega showMumbai Mumbai, Maharashtra, India Mumbai will be one of the most23 February 2012- 26 February prominent events dedicated to2012 the design and architecture industry in India. The event has been organized by Business India over duration of 4 days at MMRDA Ground in Mumbai, the business capital of India.Mumbai International Boat Show MMRDA Exhibition Center, Mumbai International Boat Show23 February 2012- 26 February Mumbai, Maharashtra, India (MIBS) is double the scale of the2012 first boat show with twice as many exhibitors and visitors. The enthusiasm of the visitors and participants of the inaugural boat show, who have all promised to participate in the second edition.Index Furniture-Bengaluru Palace Grounds Index Furniture-Bengaluru is one24 February 2012- 26 February Bengaluru, Karnataka, India of the finest shows dedicated to2012 the Furniture industry in Southern India. The event will be an ideal platform for the traders dealing with the wooden products, interior decorations and machinery & equipment.International Flora Expo Pragati Maidan, New Delhi, International Flora Expo 2010 is24 February 2012- 26 February Delhi, India the South Asias largest event for2012 Floriculture, Gardening, Floristry & Green House Technology. International Flora Expo will be a meeting point for the flower growers, importers & exporters of flower etc.
Tech Vapi Vapi Industrial Association Tech Vapi is one of the largest24 February 2012- 26 February Ground gatherings of a slew of national2012 Vapi, Gujarat, India and international manufacturers and suppliers who exhibit a wide range of equipment’s, technologies, accessories and services to a set of serious industry purchasers at a common platform at the city of Vapi in South GujaratIndia International Seafood Show Chennai Trade & Convention India International Seafood Show29 February 2012- 02 March Centre, Chennai, Tamil Nadu, (IISS) is being redefined to be of2012 India a truly global scale and quality. IISS provides a great platform for business and partnership opportunities in the Marine and Seafood sector. It will be held at Chennai Trade & Convention Centre from 29 Feb to 02 Mar, 2012. Gujarat University Exhibition Hall It will be the perfect platform toIndia Water Expo - Ahmedabad Ahmedabad, Gujarat, India reach out to decision makers and01 March 2012- 03 March 2012 leading major players in the industry. The event will not only benefit the immediate trading prospects of the industrialists but it will also act as an interactive forum.Medical Fair India Bombay Exhibition Centre(BEC) Medical Fair India is one of the02 March 2012- 04 March 2012 Mumbai, Maharashtra, India biggest events dedicated to the medical and pharmaceutical industry in India. The event will provide a wonderful platform for the entire medical fraternity to gather under one roof at Bombay Exhibition Centre (BEC)/ Bombay.Garfab-TX Surat Surat International Exhibition & Garfab-TX Surat is one of the02 March 2012- 04 March 2012 Convention Centre premier apparel and textile Surat, Gujarat, India industry related trade events in India. Organized at the Surat International Exhibition And Convention Center, the show brings in a large number of qualified and well-targeted visitors at each of its editions.Inside outside Megashow- Sekhon Banquet Hall Inside Outside Mega showChandigarh Chandigarh, India Chandigarh organized by08 March 2012- 11 March 2012 Business India is probably the finest of the multiple events organized under Outside mega show series. The event will take place at state of the art Sekhon Banquets Hall in Chandigarh and
it will stretch over duration of 4 days, starting from 8th March 2011.UDAAN Educational Career Fair Malda College Auditorium, The first ever educational career12 March 2012- 13 March 2012 Malda, West Bengal,India fair going to be held in Malda. Share the news with your friends and family. The students from Malda and neighboring districts will get the opportunities to meet the colleges / institutions from different part of India and ask their queries before they sit for their exams.INDEXPO-Nagpur Kasturchand Park Indexpo Nagpur has been12 March 2012- 14 March 2012 Nagpur, Maharashtra, India organized by Indore Infoline Pvt. Ltd as an effort to promote plant and machinery industry in India. This three day event will be a comprehensive showcase of all the equipment and technologies implemented in the industry. It will be attended by participants from different sectors.AAHAR International Food & Pragati Maidan, New Delhi, India Trade PromotionHospitality Fair Delhi, India Organization (ITPO), a Govt. of12 March 2012- 16 March 2012 India Enterprise is organizing Aahar - The International Food Fair 2011, Chennai from 12 to 16 Mar 2012 at Pragati Maidan. The Aahar International seeks to offer a platform for facilitating growth and modernization in the processed food and hospitality sectorsIn Fashion Bombay Exhibition Centre(BEC) In Fashion 2012 - International13 March 2012- 15 March 2012 Mumbai, Maharashtra, India Textile & Ingredient Innovation show is one of the finest platforms for the fashion industry in the western India. The event has been organized by IMAGES Exhibitions at the Bombay Exhibition Centre in Mumbai over duration of three days. The event will be attended by fashion enthusiasts and serious traders from India and all across the world. It is the right place to be if one is looking to expand his/her business horizons by meeting successful designers and traders. Click here for index
Major Trade shows in U.S.AEvent Name & Date Event Description Event Venue/Location detailsSilicon Valley International Auto Silicon Valley International Auto San Jose Mc. Enery ConventionShow Show is an excellent platform for Center, San Jose, California,05-JAN-12 to 08-JAN-12 generate good business United States Of America fortunes, unparalleled exposure to automobile fraternity, cross- fertilization of ideas and opportunity to present your proposition to consumers.Charlotte Build Remodel & Charlotte Build, Remodel & Charlotte ConventionLandscape Expo Landscape Expo offers the latest Center, Charlotte, North Carolina,06-JAN-12 to 08-JAN-12 and best products and services United States Of America to home owners wishing to remodel the home where they presently live or to build a new home.The International Gem & Jewelry The International Gem & Jewelry Pontchartrain Center, Kenner,Show-New Orleans Show New Orleans is one of the Louisiana, United States Of06-JAN-12 to 08-JAN-12 largest exhibitions of gems, America minerals and jewelry in the world. The show will showcase jewelry creations, gorgeous wedding bands and engagement rings, exotic gems, beads, exquisite fine jewelry, watches, estate collections and much more.Florida Home Show-Florida Floridas Largest Home Show is Tampa Convention06-JAN-12 to 08-JAN-12 an excellent place for showcase Center, Tampa, Florida, United home and home accessories States Of America products and services. Floridas Largest Home Show is geared to attract homeowners anxious to shop, compare and save. This event attracts thousands of consumers annually.San Diego Spring Home Show San Diego Spring Home Show is San Diego Convention Center, San06-JAN-12 to 08-JAN-12 the name of a renowned home Diego, California, United States Of show which is designed for the America benefits of home owners and home makers. Hundreds of exhibitors will come in this expo to showcase their products which are specially crafted for decorating a modern home.Value Merchandise Expo New The Value Merchandise Show is Jacob K. Javits Convention Center,York one of the top most trade fairs New York, United States Of08-JAN-12 to 10-JAN-12 attracting visitors and balanced America exhibitors from all over the world. The event display large variety of product line like house wares, consumers electronics,
toys, hardware, health and beauty, gift items, novelties, apparel, sporting goods , automotive and much moreNorthwest Preview Show Northwest Preview Show will be Oregon Convention Center (OCC),09-JAN-12 to 12-JAN-12 held at Oregon Convention Portland, Oregon, United States Center. It is one of the best Of America events linked to retail industry. The visitors will interact with most important companies of the industry.Fort Myers Senior Show Fort Myers Senior Show is one Harborside Convention Center, Fort10-JAN-12 to 11-JAN-12 of the premier ventures of its Myers, Florida, United States Of kind. This event of benevolence America will be aiming to provide better services to the senior citizens of the region. This expo will be one of the biggest events organized by the Expo Marketing Inc. the happening is going to be hosted in the region of Harborside Event Centre.Indiana Green Expo Indiana Green Expo is one of the Indiana Convention Center,11-JAN-12 to 13-JAN-12 finest events held in the honor Indianapolis, Indiana, United of green industry in Indiana, the States Of America United States of America. Hosted by the Indiana Convention Center, this 3 day event occupies a place of pride in the trade fair history of IndianapolisWashington DC International Convened at Washington Washington Convention Center,Motorcycle Show Convention Center, Washington, Washington, Michigan, United13-JAN-12 to 15-JAN-12 USA, the Washington DC States Of America International Motorcycle Show is titled as biggest event of Washington on Automobiles, Spare Parts and Accessories industry.Asian-U.S. Business Expo Asian U.S. Business Expo is an Fairplex Pomona, Pomona,13-JAN-12 to 15-JAN-12 ideal platform where industry California, United States Of representatives from all sectors America come together and network and socialize with each other.Utah International Auto Expo Utah international Auto Expo is South Towne Expo Center, Salt14-JAN-12 to 17-JAN-12 going to discover the new Lake, Utah, United States Of models of cars, trucks, SUVs and America alternative fuel vehicles. It will be a golden opportunity for the car lovers to see the latest models of cars and motor vehicles.
Northeast Recreational Vehicle Northeast Recreational Vehicle Connecticut Convention Center,& Camping Show & Camping Show will be an Hartford, Connecticut, UnitedDate: 20-JAN-12 to 20-JAN-12 outstanding opportunity for the States Of America recreational vehicle enthusiasts. Thousands of visitors are supposed to be participating in this leading international event from different parts of the world as well as from abroad. The participants will get latest information about the tools and techniques which are being used in the field of recreation vehicles, travel trailers, pop-up campers, camping supplies etc.New York International New York International Jacob K. Javits Convention Center,Motorcycle Show Motorcycle Show is New York, United States Of20-JAN-12 to 22-JAN-12 acknowledged as renowned America. trading fair for Automobiles, Spare Parts and Accessories industry.Natural Gas Vehicle Natural Gas Vehicle Houston Marriott West LoopInfrastructure Conference & Infrastructure Conference and Hotel, Houston, Texas, UnitedExhibition Exhibition is a great opportunity States Of America24-JAN-12 to 25-JAN-12 for connecting with chief decision makers and purchasers of NGV vehicles and NGV infrastructure products and services. This event will give the exhibitors an opportunity to present their latest and best technologies to more than 300 potential customers and thus create their brand awareness.Saint Louis Auto Show Saint Louis Auto Show is the Americas Center & Dome, St26-JAN-12 to 29-JAN-12 largest automobile event in the Louis, Missouri, United States Of St. Louis area. It is an excellent America platform to generate good business fortunes, unparalleled exposure to automobile fraternity, cross-fertilization of ideas and opportunity to present your proposition to consumers.Michigan International Auto Michigan International Auto DeVos Place, Grand Rapids,Show Show is one of the largest Michigan, United States Of26-JAN-12 to 29-JAN-12 automotive sector trade events America in America. Over 300 car varieties are showcased at the event and business participants are provided with ample scope to get in touch with a large number of qualified buyers at the show. Sedans, vans, sports cars, trucks, SUVs and hybrid cars are some of the main items
Ohio International Motorcycle Convoked at Cleveland Cleveland International ExpositionShow - Cleveland International Exposition Center Center (IX Center), Cleveland,27-JAN-12 to 29-JAN-12 (IX Center), Cleveland, USA, the Ohio, United States Of America Ohio International Motorcycle Show - Cleveland is evoked out as Automobiles, Spare Parts and Accessories industry trade show.World of Wheels-New Orleans World of Wheels-New Orleans is Ernest N Morial Convention27-JAN-12 to 29-JAN-12 a premium exhibition related to Center, New Orleans, Louisiana, the Cars, Auto Parts & Motor United States Of America Accessories Industry. It is not only committed to be different, but will attract a larger number of trade buyers & visitors and being series exhibition in the different city of USA.Quartzsite Rock and Roll Classic Quartzsite Rock and Roll Classic Good Sam RV, Blythe, California,Car Show Car Show, has been a hit with United States Of America04-FEB-12 to 05-FEB-12 the car lovers and professionals associated with the automotive industry. This expo is dedicated to the various aspects of the automotive industry including, paint, spare parts, body and accessories. It will be held along with another event called Hobby, Craft and Gem Show. Click here for index
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