1. An Israeli technology company will partner with an Indian company to establish a 40 hectare pomegranate farming project in India using Israeli expertise.
2. The companies will sign agreements regarding confidentiality, technology licensing, revenue sharing, and responsibilities of each party.
3. The project budget and timeline are estimated, outlining costs for propagation material, nursery establishment, land preparation, and projected harvest amounts and revenues over 10 years.
My Presentation on daily professional updates- 16th July 2019CA PRADEEP GOYAL
My presentation on Daily updates related to-
GST
Corporate law
SEBI
ICAI
RBI
MSMEs
Income Tax
Start-ups
Various news related to profession
Updates by various union ministries
My Presentation on daily professional updates- 16th July 2019CA PRADEEP GOYAL
My presentation on Daily updates related to-
GST
Corporate law
SEBI
ICAI
RBI
MSMEs
Income Tax
Start-ups
Various news related to profession
Updates by various union ministries
MCA
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TAXATION
Relaxation in return filing procedure for first two months of GST implementation
CBDT notifies rule for Computation of interest income pursuant to secondary adjustments
Company website:
www.acquisory.com
It's simple and straight to understand the various stages that are involved during the construction process and are best mapped with PMI project life cycle.
MCA
Insolvency and Bankruptcy Board of India notifies Fast Track Insolvency Resolution Process for Corporate Persons Regulations
MCA – Eforms - DIR-5 (Application for surrender of Director Identification Number) will be deployed as an e-form for filing purposes w.e.f 21st June 2017. Stakeholders who wish to surrender DINs shall be required to file this e-form instead of it being filed as an attachment to form RD-1.
TAXATION
Relaxation in return filing procedure for first two months of GST implementation
CBDT notifies rule for Computation of interest income pursuant to secondary adjustments
Company website:
www.acquisory.com
It's simple and straight to understand the various stages that are involved during the construction process and are best mapped with PMI project life cycle.
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Dear Patron
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Project construction process
1.
2. • An increase pomegranates at Israeli
Technology in India
• Create growth area the size of 40
hectares which produce a larger
crops common in India today.
• Term beginning construction project
with the signing of agreements and
adherence agreement is immediate.
3. 1. Signed a confidentiality agreement and not utilization information.
2. Responsible government benefits test the Indian side.
3. Signed a cooperation agreement 60% G.T.I – 40% Indian side .
4. Indian side will pass the initial payment (listed below in Table
expenses) to the G.T.I at the signing of the agreement no later than 3
business days.
5. Must be made while growing instructions will be provided by project
managers on behalf of G.T.I.
6. Not be possible to import and / or use local plant breeding material
independently and not by a third party, but only as part of the
partnership.
4. 7. After the project, the Indian side will be responsible for all payments required
for project operations as defined pomegranate. (According to a business plan).
8. Project expenditures will be based on the business plan only.
9. The Indian side will take care of all necessary certificates and documents
required for the establishment and operation of the project, including the
receipt of government grants.
10. License Agreement for growing pomegranates and representation of technology
is only Maharashtra province, ownership of technology and new developments
will be exclusive G.T.I.
11. Test crops of fruit evaluated the presence of both sides before harvest (by
sample counts), once it is imperative that the integrity of the fruit is the Indian
partner.
12. Intrusions into the theme of growth and / or theft, collecting money from
customers, handling legal action against violators of the law is the
responsibility of the local partner.
13. Local partner obligations to update the data rates and costs as is the case
during execution in India.
5. 10/01/1330/01/1315/02/1313/01/12
Estimated timeline beginning of a project
Deadline
for signing
Collect
propagation
material of
pomegranate
in Israel
Shipping
propagation
material from
Israel to
India.
Absorption
Shipping in India
and transfer to
nursery
propagation
material G.T.I
Dates are for illustration purposes only
6. Propagation
material
growth in
Nursery of
G.T.I for 6 to
9 months
according to
requirement
of the
Ministry of
Agriculture in
India.
Surface
Preparation
for planting
plants
Planting
Monitoring
growth and
irrigation
systems
Tracking
growth
while
providing
solutions
when and
if disease
were
7. Propagation material 45,000 usd
International delivery to
and approvals are
required.
10,000 usd
Nursery 50,000 usd
Growing seedlings 25,000 usd
G.T.I company expenses 150,000 usd
Expenses protesters 150,000 usd
Surface Preparation for
planting and irrigation
system
50,000 usd
Total 480,000 usd
Project costs
480,000 usd X 52 =2,49,60,000 INR
Currency exchange dollars at 52 rupees
9. Expected Revenue
year 0 year 4 year 8
Gross Income 0 INR Gross Income 7,44,,00,000 INR Gross Income 14,88,00,000 INR
Expenses INR Expenses 1,04,00,000 INR Expenses 1,24,80,000 INR
Taxation 0 INR Taxation INR Taxation INR
Net income INR Net income 6,40,00,000 INR Net income 13,63,20,000 INR
year 1 year 5 year 9
Gross Income 0 INR Gross Income 9,30,00,000 INR Gross Income 14,88,00,000 INR
Expenses INR Expenses 1,24,80,000 INR Expenses 1,24,80,000 INR
Taxation 0 INR Taxation INR Taxation 0 INR
Net income - INR Net income 8,05,20,000 INR Net income 13,63,20,000 INR
year 2 year 6 year 10
Gross Income 2,97,60,000 INR Gross Income 11,16,00,000 INR Gross Income 14,88,00,000 INR
Expenses 1,04,00,000 INR Expenses 1,24,80,000 INR Expenses 1,24,80,000 INR
Taxation INR Taxation INR Taxation 0 INR
Net income 1,93,60,000 INR Net income 9,91,20,000 INR Net income 13,63,20,000 INR
year 3 year 7
Gross Income 5,58,00,000 INR Gross Income 13,02,00,000 INR
Expenses 1,04,00,000 INR Expenses 1,24,80,000 INR
Taxation INR Taxation INR
Net income 4,54,00,000 INR Net income 11,77,20,000 INR
10. • If this partnership will yield success,
G.T.I wants to market other projects to
customers in Maharashtra.
• The final goal is to reach 2,000 hectares
in the above.
• But at the beginning it is not a discussion
for the execution of a project (the
possibility of a primary right).