Belgian Princely Mission To India March 2010 Marc Bogaer
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The document summarizes a Belgian economic mission to India in March 2010. It notes that India has experienced strong annual growth of 8.8% in recent years due to public investment, domestic consumption, productivity increases, and technology upgrades. India is on track to become the third largest economy in the world. The mission aims to diversify Belgium's economic and trade relations with India beyond diamonds, and identify opportunities in sectors like pharmaceuticals, aviation, biotechnology, and infrastructure where India is expected to see exceptional growth. The delegation will visit cities like New Delhi, Pune, Mumbai, and Bangalore over the course of a week in March 2010.
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Allcargo Global Logistics operates various logistics businesses in India including multimodal transport operations, CFS/ICD operations, and warehousing. It has a network of 26 locations across India. It plans to expand its CFS and warehousing operations through investments at several new locations. Container traffic is expected to show the highest growth with infrastructure investments in India. Allcargo seeks to strengthen its existing businesses and diversify into new areas like warehousing through both organic growth and acquisitions in India and globally.
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- 1. “Belgian Economic Mission to India in March 2010” Marc Bogaerts, Director General of the Belgian Foreign Trade Agency 1
- 7. rising savings and investment rates,
- 8. large unfulfilled domestic demand,
- 11. 4thworldwideeconomy (purchasing power parity) 5
- 15. chemicals,
- 16. food processing,
- 17. steel,
- 19. cement,
- 20. mining,
- 21. petroleum,
- 22. machinery,
- 23. information technology enabled services and software.7
- 25. aviation,
- 26. biotechnology,
- 27. nanotechnology,
- 29. power equipment,
- 30. environmental techniques. No wonder that these sectors have been selected for the economic mission, as well as infrastructure, logistics, automotive, ICT, movie & audiovisual and the food sector. 8
- 32. India’s global economic importance in 2008 (in billion USD): 9
- 34. According to the Planning Commission of India, over 500 billion USD of funding is needed for new power stations, airports, roads, railways, seaports, waterways and urban infrastructure over the next five years.10
- 38. rising public and private investments.12
- 40. Huge potential to diversify our bilateral commercial relations (actually 75% of exports from Belgium to India are realised by diamonds).
- 41. We have to catch up as this year our exports dropped by 30%! 13
- 43. Itinerary: New Delhi: 21-22-23 March Pune: 24 March Mumbai: 25-26 March B angalore (onlyautomotive & ICT): 26 March 14