india newsletter 02.2011
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India Newsletter published by the commercial section at the Indian Embassy in ViennaTRANSCRIPT
INDIA NEWSLETTER
February 2011
EMBASSY OF INDIA
Kärntner Ring 2 A-1010 Vienna, Austria
Tel.: +43 (0)1 505 8666
Fax: +43 (0)1 505 9219
Web: www.indianembassy.at
Email: [email protected]
F e b r u a r y 2 0 1 1 - I n d i a - A u s t r i a N e w s l e t t e r | 2
News
► ECONOMY
Economic Growth. Prime Minister Manmo-
han Singh said the Indian economy would
record 8.5% growth during the current fiscal
and is expected to grow at the rate of 9-
10% from the next financial year despite the
"uncertain" global scenario. According to an
assessment by credit rating agency Crisil,
India‗s economy could expand at a spectac-
ular rate of 8.4% over the next five years or
by 10% if it solves its constraints in infra-
structure, skilled workforce and agriculture.
Outlook. India is poised to overtake the
USA and emerge as the World‗s second
largest economy on purchasing power pari-
ty basis by 2050 and has the potential to
supersede China to the top spot, says a re-
port published by PwC. India is expected to
achieve the most significant increases in
share of the world GDP at Market Ex-
change Rates (MERs) by 2050. In 2009,
India‗s share of World‗s GDP at MERs was
just 2%. By 2050, this share could grow to
around 13%.
Global Recovery. Describing India as a
global player and rising economic power,
World Bank president Robert Zoellick has
said the high level of growth in the country
is helping the international economy recov-
er from the crippling effects of recent finan-
cial turmoil. India, he further said, is a play-
er on the global stage. The country‗s status
as a rising economic power is closely con-
nected with how it manages this next phase
of growth, balancing rapid development
with the environment and most importantly,
the need to ensure all people have oppor-
tunity.
Exports. India‗s exports showed a remark-
able annual growth in December 2010 of
36.4%, highest in 33 months. This raises
prospects of the country exporting $215-
225bil worth of merchandise in the current
Economy & Business
January/2011 Highlights
fiscal year. Exports in December aggregat-
ed to $22.5bi, while imports contracted by
11% to 25.1bil, resulting in a narrow trade
deficit of $2.6bil, the lowest in three years.
Global Trade. Emerging from the grip of a
crippling recession, world trade is set to
surge by 13.5% in 2010, with a resurgent
India contributing over half a trillion USD to
global commerce for the first time in history.
FDI. According to official statements, the
Foreign Investment Promotion Board rec-
ommended proposals entailing foreign di-
rect investment inflows of €3.8bil for approv-
al by the Finance Minister during 2010.◄
► BUSINESS/INDUSTRY
Aviation. India's largest low-cost carrier,
IndiGo has signed a MoU for 180 eco-
efficient Airbus A320 aircraft of which 150
will be A320neo‘s and 30 will be A320s. It is
the largest single firm order number for
large jets in commercial aviation history.
The total order value amounts $15.6bil.
Automotive. India is poised to become the
world‘s fourth largest passenger vehicles
market (PV) in the next three years, with an
investment requirement of around $20 bil-
lion for the construction of nine new plants
to address the growing demand.
The growth momentum in Indian automo-
tive sales volume shall continue during
2011 with commercial and passenger vehi-
cles witnessing a growth of about 10-12%
and 12-15% respectively.
Construction/Mining. India‗s construction
and mining equipment exports to Southeast
Asian markets is expected to double to 10%
in the next three years, a senior CII
(Confederation of Indian Industry) official
said. He added that their members are tar-
geting the Indonesian, Myanmar, Vietnam-
ese and the Philippines markets, where In-
dian construction and mining equipment
have been tried and tested. These have
competitive prices, given that their produc-
tion costs are 30% lower that those made in
Europe and the USA.
Solar Energy. According to a report by Lux
Research, as no. 1 global solar market Ger-
many ratchets down subsidies for solar
power this year, investors looking for the
next hot market for the renewable energy
source should be eyeing India. The report
looked at growth potential of 15 emerging
solar markets and found that India has
massive potential because of government
subsidies, a need for distributed generation
and increasing energy demands. Russia,
Brazil and Mexico were also identified as
potential even though they do not have
large solar market incentives.
M&A. Indian mergers and acquisitions in
2011 may surpass 2010‗s record $71bil of
deals, led by oil and gas, metals and mining
companies, according to M&A bankers.
Cross-border deals rose to a record
$59.2bil in 2010. The acquisition spree in
India (as in the BRIC countries) contrasts
with a slowdown in global deals.
Business Expectation Index (BEI). The
BEI, which acts as a barometer of the over-
all health of the manufacturing sector, has
gone up to 126.5 for the Oct-Dec 2010
quarter, its highest reading since the Apr-
Jun 2007 quarter. The index was at 119 for
the quarter ended September 2010 and at
82.6 for the quarter ended March 2009.
Pharmaceuticals. Sales in the domestic
drug retail market rose a healthy 18.36%
during 2010, making India an attractive des-
tination for foreign players who have been
looking to buy local companies to increase
exposure in one of the fastest growing
healthcare markets globally.
F e b r u a r y 2 0 1 1 - I n d i a - A u s t r i a N e w s l e t t e r | 3
Coffee. Coffee export from India has in-
creased by 56% in the calendar year 2010
because of strong domestic production and
better pricing in the international markets.
India produced 289,000 tons in 2009-2010,
up by 10.4% from the previous year. Ex-
ports climbed to 292,000 tons in 2010 from
187,000 tons registered in 2009.
Retail Expansion. The $20bil organised
retail sector has seen a space addition of
750-900 thousand square meters across
formats in calendar year 2010, marking the
end of the 'hibernation and correction'
phase in 2009.◄
► INTERNATIONAL
South Korea. India and South Korea look
to doubling their bilateral trade to $30bil by
2014 as a comprehensive economic part-
nership agreement between the two coun-
tries liberalises tariff regime.
Mozambique. Indian Tata Steel and its
Australian joint venture partner Riversdale
Mining acquired full ownership of the $1-
billion Benga power plant in Mozambique
for an undisclosed amount.
Colombia. India-Colombia trade in 2011 is
likely to surpass $1bil as more and more
Indian businessmen are looking towards
Colombia for investments, specially after
improvement in security situation. Accord-
ing to Colombia‗s Ambassador in New Del-
hi, the goal is to keep a growth rate of 30%,
which shall ultimately reach the $5bil mark
between 2014 and 2015.
Indonesia. India and Indonesia will formally
begin negotiations towards entering into a
Comprehensive Economic Cooperation
Agreement (CECA) in the first week of Feb-
ruary, when Indonesian President visits
New Delhi. This CECA will build on the FTA
that India has with ASEAN.
Japan/Malaysia. India has finalised free
trade agreements (FTA) with Japan and
Malaysia and will sign the deals in Febru-
ary, said the country‗s minister for com-
merce and industry. The FTA deal between
India and Malaysia is expected to almost
double trade by 2015, while the deal with
Japan could boost bilateral commerce ten-
fold between the two Asian powers.
United Arab Emirates. India has become
the second largest business partner of the
UAE after the USA, said Rashid Al Leem,
director general of the Hamriyah Free Zone
Authority (HFZA).
South Africa. India sought South Africa‗s
cooperation for acquiring coal assets there,
besides seeking its help in developing
clean coal technologies ('coal to oil'), which
is very much in use in the African nation.
Japan. India will overtake China as the
most attractive overseas investment for
Japanese manufacturers over the next dec-
ade, says a study. The result suggests an
increasing number of Japanese companies
are aiming to diversify foreign investment
amid caution about rising labour costs and
anti-Japanese demonstrations in China.
Bangladesh. Three years after Tata Group
called off its $3bil investment plan in Bang-
ladesh, the government in Dhaka is now
wooing the Indian conglomerate to recon-
sider the project, citing better political and
business climate.◄
► INFRA-STRUCTURE
Tidal Power. Gujarat Power, along with At-
lantis Resources Corporations, a London-
based marine energy developer, has
signed a MoU with the Gujarat government
to implement Asia‘s first tidal power project
off the coast of Gujarat. The proposed pro-
ject will have a 50MW capacity and will be
completed by 2013.
Nuclear Power. US-based Brighton Group
is planning to set up a $600mil nuclear
power equipment manufacturing facility
near Visakhapatnam in Andhra Pradesh.
The plant will be set up on 800-acres.
Solar Power. US-based SunEdison in-
tends to invest 100mil in solar projects in
India. The company is implementing solar
projects in Gujarat, Rajasthan and Uttar
Pradesh, and hopes to be active in many
other states.
Green Energy. International Financial Cor-
poration (IFC) has pledged $300mil for the
development of green energy projects in
India with a mix of equity and debt over the
next three years. This is part of the $1bil
plan to spend on green energy worldwide.
Delhi Metro. Delhi Metro Rail Corporation
has plans to invite global tender in April for
its proposed Phase-III expansion project,
which will add another 65km to its network.
Joint land port. India and Bangladesh
opened a key joint port at the north-western
tip of Banglabandha bordering Phulbari of
West Bengal to boost bilateral trade.
Ports. The government of India unveiled a
new policy for the Shipping sector that en-
tails an investment of €110bil by 2020 to
take the ports capacity to 3,200 MT and
bring in major reforms in the space. India at
present has 13 major ports under the con-
trol of the Centre while has about 200 non
major ports operated by states and private
parties.◄
News
January/2011 Highlights (cont'd )
Quote of the Month
"India represents an enormous
opportunity for us not just
domestically but as a centre for
excellence globally"
John Makinson
Chairman and Chief Executive
Penguin Group and Chairman Pearson India
F e b r u a r y 2 0 1 1 - I n d i a - A u s t r i a N e w s l e t t e r | 4
New India-Austria Cooperation for Exec-
utive MBAs. The Indian School of Manage-
ment, Hyderabad, is the new partner uni-
versity of the Vienna University of Econom-
ics, Academy for Executive Masters in Busi-
ness Administration. Students of the execu-
tive MBA program spend a week in India in
an in-depth exchange experience, visiting
companies and business institutions in In-
dia. The program provides a unique 360°
global vision with expert insights into man-
agement and leadership practice in devel-
oped and emerging markets. In the latest
Financial Times (FT) Executive MBA Rank-
ing the Vienna University Executive MBA
came in with a respectable rank 41 out of
the top 100 programs in the world.
Bilateral Trade - October/2010. On a
month-to-month comparison, India‘s ex-
ports to Austria have increased by 4.06%
while imports from Austria decreased by -
6.81%. In comparison to October 2009, In-
dia‘s imports from Austria have decreased
by -27.9%. The overall trade volume trend
is positive despite the negative monthly
fluctuation observed. The main bilateral
trade sectors have shown positive growth
rates in the first ten months of 2010 in com-
parison to the same period in 2009.
India‘s exports to Austria have been grow-
ing in virtually all its main trade sectors. In
the Machinery & Transport Equipment
group, it is worth highlighting the significant
rise in trade of Electrical Machinery. India‘s
export volume for Jan-Oct 2010 (approx.
€31mil) is almost double of its volume in
2009 and more than three times higher than
the same period of 2008. A steep increase
(of more than €11mil) is also noticeable in
India‘s imports of Electrical Machinery for
the Jan-Oct 2010 period when compared to
the same period of 2009 and 2008. The
growth of this item in particular balances
the decrease in trade of other items in the
group.
India‘s exports of manufactured goods to
Austria seem to be on a slow recovery
(based on 2008 figures). The decrease in
exports of textile yarn and fabrics in particu-
lar deserves special focus. The deep de-
crease by 17% in Jan-Oct 2009 followed by
a further decrease by -2.1% in Jan-Oct
2010 happens at the same time a constant
increase in exports of apparels & clothing
accessories, which lead to the observation
that these are trade substitutes to the unfin-
ished textile yarns and fabrics goods. One
can easily draw the conclusion that the
Austrian market is gaining confidence on
Indian finished textile goods, putting Indian
companies some levels up in the value
chain. Additionally, it is possible to observe
that India‘s export of footwear to Austria
has been setting a positive trend even dur-
ing the crisis year of 2009, showing consec-
utive growth levels, being the same for the
Jan-Oct 2010 by 23.5% in comparison to
the same period in the previous year.
In what concerns India‘s imports from Aus-
tria, the steep fall in imports of Iron and
Steel in 2009 has shown signs of consider-
able recovery growing by 26.5% in the first
ten months of 2010.
Survey Indians have better financial literacy levels than most
Indians have better financial literacy
levels than most other globally and rank
second out of ten nations in having a
basic financial literacy level, an ING
Consumer Resourcefulness Survey said.
According to it, "Indians turn out to be the
second out of ten leading nations in the
world to have basic financial literacy level
(55%), just behind the Japanese".
A majority of Indian consumers have not
only shown better skills in managing their
household financial budget but are also
confident of facing any financial
impediments in future as compared to
citizens of nine other countries, the
survey said.
The survey was carried out amongst
5,000 consumers across ten major
nations, including India, the USA,
Mexico, The Netherlands, Romania,
Belgium, Spain, Korea and Japan. The
survey shows that a whooping 84% of
Indians prefer buying life insurance
products as compared to 54% globally. A
similar percentage of Indians believe in
maintaining a household budget with a
focus on savings.
"The survey shows that Indians are
better at managing their finances than
most of the other countries in the survey,
including being better prepared for their
various lifestages, especially retirement,"
ING Life India‗s chief marketing &
strategy officer, Uco Vegter, said.
Indians are much "risk averse" in case of
borrowing money, the survey said.
"While average Indians manage their
finances in a much organised manner,
they borrow money in case of needs
such as buying a home (50%) and
purchase of a car (43%)," the poll said.
Most Indians households (87%) have an
emergency fund compared to 33%
globally. The survey finds a correlation
between a person‗s financial literacy and
his or her emotional well-being. "The
more people are financially literate, the
more they experience feelings of
happiness," the survey said. Overall, the
survey revealed that Asians are by far
the most financially literate and also
eager to learn more. They actively follow
their budgets and develop habits of
acquiring knowledge before taking
financial decisions, the survey said.◄
News
India-Austria
Bilateral Business News and Trade Reports
2008 2009 2010 Change
2009/2010 (%)
October Jan-Oct October Jan-Oct October Jan-Oct October Jan-Oct
India’s Export to Austria
38.9 353.39 31.29 381.77 43.38 413.79 38.6% 8.4%
India’s Import from Austria
59.97 473.57 77.91 449.2 56.2 509.14 -27.9% 13.3%
Trade Volume Report (in million EUR)
F e b r u a r y 2 0 1 1 - I n d i a - A u s t r i a N e w s l e t t e r | 5
Focus
India‗s power generation capacity, as on 30 September 2009 is
estimated at around 152.4GW, with the private sector contributing
just over 13% of the installed capacity. Coal, gas and diesel fuel
based thermal power plants form a major portion (~64%),
accounting for nearly 98GW of the total installed capacity in the
country.
The total quantum of power generated in the country has
increased from 587 billion unit (BU) in FY04 to 723.6BU in FY09,
recording a Compound Annual Growth Rate (CAGR) of 5.3% in
the last five years. India‗s current inter-regional (national grid)
power transmission capacity stands at 20.75GW (March 2009)
and has registered a CAGR of 21.3% in the last two years.
However, the increase in power generation capacity and
transmission networks has not kept pace with the growth in
demand, which has resulted in a shortage in power supply in the
country. At the end of FY09, the total electricity peak demand met
was only 96,600MW, resulting in a peak deficit of 12%, while the
electricity energy availability was 689BU, which has resulted in an
energy deficit of 11%. This is the situation, in spite of the stated
aim of the government to achieve "power for all" by 2012. By
recognizing the need to bridge the supply deficit, the government
has initiated a phased investment program to increase generation,
transmission and distribution capacities over the course of the
Eleventh Five Year Plan period (2007-2012). It aims to increase
the country‗s generation capacity by 79GW and inter-regional
power transmission capacity by around 21GW during the period.
The Planning Commission has estimated that the investment
required in the power sector during the Eleventh Fiver Year Plan
will be around $166bil, of which 28% will be contributed by the
private sector.
During 2006-1H2009, power has emerged as the most active
sector in the country in terms of Private Equity (PE) deal activity
with announced PE investments of $971mil (a total of 14 deals)
and an average deal size of $74.7mil. Several global PE houses,
including 3i Group and Citigroup Venture Capital, have been
taking advantage of increasing private sector participation
opportunities and have acquired stakes in power sector
companies during the past few years.
The Indian power sector is an attractive investment destination
with planned capacity addition of almost 160GW by FY17 under
the Eleventh and Twelfth Five Year plans. It is estimated that
approximately 25-28% of the planned capacity addition in the
segment (around 40-50GW) will be from private sources.
Attracted by the prospect of selling power at the prevailing high
short-term rates, which results in higher than normal profitability, a
number of developers have announced their plans of setting up
merchant power plants (MPPs). MPPs are power plants that are
not tied up by the terms of long-term power purchase agreements.
The likelihood of high returns from merchant power plants present
an attractive investment opportunity to private developers as
compared to the sale of power on a long term PPA basis.
However, the higher risk profile of these projects presents
challenges in financing them and in their development.
To mitigate these risks, some developers have adopted a hybrid
model, i.e., tying up 60-70% of the power through long-term sale
arrangements with distributing or trading companies or industrial
consumers, and selling the balance on a short-term merchant
basis. This improves the bankability of projects and facilitates the
process of funds being raised on a non-recourse basis. Some of
the larger developers have chosen to absorb the risks involved on
their balance sheets and have either developed or are developing
their capacities on a pure merchant basis.◄
Top 5 PE deals in the power sector (2006-1H09)
Sector Close-up
The Indian Power Industry
Date Target PE Investor Value mio (USD)
Stake
(%)
Feb 2008 Sophia Power Farallon Capital Management
and LNM Internet Ventures
404 38
Oct 2007 Adani Power 3i Group 230 8
Jun 2007 Ind-Barath
Power Infra
Citigroup Venture Capital
International and UTI Venture
Funds
72 30
Mar 2009 Essar Power IDFC Project Equity 68 2
Nov 2008 Orient Green
Power
Bessemer Venture Partners,
Olympus Capital Holdings and
Shriram EPC
55 -
F e b r u a r y 2 0 1 1 - I n d i a - A u s t r i a N e w s l e t t e r | 6
Interview
In a bid to boost clean energy in India, the Government has set out
on a brave experiment of solar auction. With the solar industry
being leagues away from achieving grid parity, the sudden
investment interest in this renewable source has raised eyebrows.
In an interview with Business Line, Dr. Matthias Fawer, Vice-
President, Sarasin Sustainable Investment, gives his perspective
on how the emerging buyer's market in the photo voltaic industry
could transform solar power into a cost-effective source of energy.
Mr. Fawer works for the Switzerland-based Bank Sarasin & Co.
Group and has recently authored a report on the solar industry.
Sarasin is present in India as Sarasin Alpen (India) Pvt Ltd.
Q: Solar energy has for long been a less attractive investment
option in India given the relatively high cost per MW. What
has led to the sudden frenzy in bidding for solar projects in
India?
A: There are two strong drivers that have led to this solar project
development. On the one hand, it's the government scheme that
for the first time, offers some security on a national level. On the
other hand, photo voltaic (PV) installations have become
considerably cheaper over the last 18 months. The price drop has
resulted in 40 to 60 per cent lower investment cost per kilowatt,
which will soon make it cost-competitive.
Q: What are the chances of cost remaining at lower levels?
A: As the PV-industry is still a relatively young industry,
technology and production processes hold huge scope for
improvement as the industry moves up the learning curve. So far
the PV industry, like the semiconductor industry did earlier, has
followed this curve. Therefore we do not see any reason why cost
($ per kilowatt) should go up again. So in our understanding solar
energy is going to get cheaper.
Q: Do you believe that the reverse bidding mechanism
adopted under the National Solar Mission in India is a viable
option, especially for investors?
A: China also has a bidding mechanism. This process avoids the
whole discussion on the right level of the feed-in tariff (FiT) we are
seeing here in Europe. The bidding mechanism is flexible and
offers the government the option not to pay more for a PV-project
than necessary. However, from an investor's point of view it is
obviously less attractive than a FiT. This, together with the growing
production overcapacities for solar modules, has driven the PV
industry to target all countries with FiTs, and even those with a
bidding mechanism. This clearly shows that we are in a buyer's
market. The goal of the PV industry is to follow that path with cost
reductions. This is certainly feasible for the big international
players with economies of scale, cell efficiency improvements and
higher automation. The ultimate target for PV is to reach grid
parity; this means being cost-competitive on a retail level without
any subsidies.
Q: What has been the international experience with FiT?
A: Finding the right balance between support schemes and
decreasing costs of PV-installation is a very difficult task. Several
countries had to put on the safety brake because of the
overheating PV markets (e.g. Spain, Czech Republic, and perhaps
Germany).
Q: You stated that achieving grid parity is the ultimate task. In
its absence, does dependence on tariffs make power
purchase agreements risky for investors?
A: Normally the FiT cuts are only valid for new PV projects, and
not for existing ones. Therefore the investments are safe. There
was a time in fall this year when there were discussions in Spain
on retroactively reducing tariffs. Now the government has decided
against such cuts, because too many jobs would have been
endangered and an outcry from Brussels and the debt finance
banks concerned was expected.
Q: Would the proposed insistence on using local equipment
in the project (in India) be a good move in terms of providing
efficient technology at competitive cost?
A: From the point of view of the government, this local content
requirement is comprehensible. India also wants to support its own
solar industry. In terms of cost, I would not see it as a negative
point, as a newly installed cell and/or module manufacturing line in
India can be cost-competitive with other Asian production sites.
But whether it will be only local players or also international
players moving into India is an open question. In any case, India
will see new jobs in the field of renewable energies.
Q: China is said to have the largest solar thermal industry in
the world but is also often accused of inferior quality. Is this
true?
A: As in many areas, China has made a lot of progress with
regard to the quality of solar collectors. True, there are still many
simple and cheap products; but a growing number of high quality
solar collectors have received all the necessary certifications for
export. They reached a good price-performance ratio. For
instance, a huge amount of vacuum tube collectors sold in Europe
are coming out of China.
Q: Which countries that have promoted solar energy in a big
way and were they more cost-effective compared with other
renewable sources?
A: By introducing feed-in tariffs a few years ago, Germany played
a pivotal role in making the enormous growth of the global PV
industry possible. In the past, the German market has proven to
be very elastic on the price front, making it the most important
driver of the industry even in difficult times. However, the growing
success has led to increasing cumulative cost on the consumer
electricity bill. This is an ongoing public debate now. But someone
has to take up the cudgels for all the others. Newcomers such as
India now can therefore approach this industry in a more cost
effective way. Other dynamic markets are now needed. It is also in
the PV industry's interests to break into new geographical territory.
By 2012, at least eight new markets will drive the industry's
expansion, with newly installed PV capacity exceeding 500 MW
per annum. Here we will definitely see India.◄
Business
Solar energy is going to get cheaper (Source: Hindu Business Line)
An interview with Dr. Matthias Fawer, Vice-President, Sarasin Sustainable, on India being a cost effective destination for investment in solar energy.
F e b r u a r y 2 0 1 1 - I n d i a - A u s t r i a N e w s l e t t e r | 7
Trade Shows
Automation Expo 2011
AutomationExpo 2011 will be the regions' biggest and most comprehensive exhibition covering the entire gamut of automation technology where visitors can find efficient solutions and innovations useful to make their businesses efficient. Automation Expo 2011 will cover Industrial Automation, Process Automation, Factory Automation, Building Automation, Systems
and Solutions.
Focus of the Show and Exhibitior's Profile: Factory
Automation, Process Automation, Instrumentation & Control Systems, Sensor Technology, Robotics and Drives, Industrial Controls & Software Solutions, Wireless AutomationBuilding
Automation, Mobile Robots & Systems, Hydraulic and Pneumatics, Energy Efficiency Improving Solutions, Safety &
Security Systems, Detection & Identification Systems
Visitior's Profile : Owners/Managing Directors, Directors/ Presidents/CEOs, Technical Directors, General Managers, Chief Engineers, Design Engineers, Electrical Engineers & Managers, Fire & Safety Officers, Inspection Engineers, Machine Builders & Designers, Maintenance Engineers & Managers, Materials
Managers, Mechanical Engineers
More Information:
http://www.intelexpo.com/automationexpo2011 ◄
Second World Re-Energy Technology Congress
The second World Re-Energy Technology Congress will bring together experts from India and abroad to share their experience relating to energy security and sustainable environment and eco-friendly development. About 70 International renewable energy companies, 50 National renewable energy sector companies, 200 exhibitors, 500 International delegates and more than 5000
visitors are expected to attend the congress and the expo.
Focus of the Show: It shall provide vital information about the
latest concepts, trends and technological developments with special focus on fostering co-operation for generating green business. The exhibition will showcase latest green technologies, equipments, products and services to harness renewable energy
in the energy mix.
Exhibitior's Profile: Diplomats, Policy Makers and Regulatory
Bodiesm, Senior Government Officials, Senior Energy Sector Executives, Executives from Private and Public Sector Companies, Technologists, Entrepreneurs, Project Developers, Renewable Energy Associations, Insurance Companies,
Architects, Building Owners, Energy Management and Technology Companies, Equipment Suppliers and Services Companies, Advisory Groups, Investors, Banks & Financial Institutions, Equity and Venture Capitalists/Investors, Component Manufacturers, Legal, Tax and Technical Consultants, Environmentalists, Institutes, Green Power Providers, NGOs and
Non-Profit Organizations, & Carbon Fund Managers
Visitior's Profile : Engineers & contractors, Equipment Supply and Services Companies, Diplomats, Senior Government Officials, Senior Energy Sector Executives, Executives from Private and Public Sector Companies, Technologists, Entrepreneurs, Renewable Energy Associates, Advisory Groups, Investors, Banks, Financial Institutions & Venture Capitalists, Legal, Tax and Technical Consultants, Environmentalists & Advocacy groups, NGOs and Non-Profit Organizations,
Academia & Trade Media
More Information:
http://www.wretc.in ◄
F e b r u a r y 2 0 1 1 - I n d i a - A u s t r i a N e w s l e t t e r | 8
Profile
Bharat Forge Ltd., the flagship company of the US $ 2.4 billion
Kalyani Group, is a leading global ‗Full Service Supplier‘ of forged
and machined - engine & chassis components. It is the largest
exporter of auto components from India and leading chassis
component manufacturer in the world. With manufacturing
facilities spread across 11 locations and 5 countries - four in India,
three in Germany, one each in Sweden, USA and two in China,
the company manufactures a wide range of safety and critical
components for passenger cars, SUV‘s, light, medium & heavy
commercial vehicles, tractors and diesel engines. The company
also manufactures specialized components for the aerospace,
power, energy, oil & gas, rail & marine, mining & construction
equipment, and other industries. It is capable of producing
complex large volume parts in both steel and aluminium.
Over the years, Bharat Forge has been investing in creating State-
of-the-art facilities, world-class capacities and capabilities. Their
facilities include, fully automated forging and machining lines, the
largest of its kind and comparable to the best in the industry.
Bharat Forge has built up a strong capability in design and
engineering, including a full fledged product testing and validation
facility, which gives Bharat Forge a Full Service Supply Capability
- from product conceptualization to designing to manufacturing
and product testing & validation.
Its customer base includes virtually every global automotive OEM
and Tier I supplier. Daimler Chrysler, Toyota, BMW, General
Motors, Volkswagen, Audi, Renault, Ford, Volvo, Caterpillar -
Perkins, Iveco, Arvin Meritor, Detroit Diesel, Cummins, Dana
Corporation, Honda, Scania and several others source their
complex forging requirements including machined crankshafts,
front axle beams and steering knuckles from Bharat Forge.
BFL is a recipient of several national and international honors,
recognition and awards. Forbes Magazine has listed it for
consecutive three years in its global ―Best under a Billion‖ list.
Automotive Component Manufacturers Association of India
(ACMA) has honored it over past four years for its export
excellence. Outlook recognized BFL as the Best Value Creator for
2004 among large companies. BFL has also been awarded the
Indo German Chamber of Commerce (IGCC) Award for
‗Outstanding Contribution towards Promotion of the Indo-German
Economic Relations for the Year 2005‘. Bharat Forge received
GKD-NIQR award for ―Outstanding Organization‖ on 23.4.05.
Currently BFL is implementing a major capacity expansion
program, which on completion will enable BFL to address global
market opportunities even more aggressively and capture larger
market share. Simultaneously, the company continues to pursue
opportunities for inorganic growth that would result in an enlarged
geographical presence and customer base.◄
Big Players
Bharat Forge (BFL)
Emerging SME
Flash Electronics (India) Pvt. Ltd. Leading Indian Manufacturer for Two / Three Wheeler Automotive
Electronics and Electricals. Today the Company boasts of a
strength of over 500 employees having plants in 3 Indian States
and occupying a covered area of nearly 15000 sq. mtrs.
FLASH has established a major presence in the Indian market
and occupies a unchallenged position of leadership within India.
The company focuses on 5 core areas: 1) Electronics, 2) A. C.
Generators/Magnetos and 3) Starter Motors with both Permanent
magnet and field type technology for Motorcycles / Scooters /
Mopeds / Three Wheelers and Stationary Engines, 4) Chain
Sprockets, Electronic Energy Meters, Single and 5) Three phase
with / without Multi functions using Micro Processors. ◄
BFL Contacts
Address: Bharat Forge Limited, Pune Cantonment, Mundhwa,
Pune 411 036 India.
Phone: +91 20 267 02777 / Fax: +91 20 26822387 / Email:
[email protected] / Web: www.bharatforge.com
Flash Electronics (India) Pvt. Ltd.
Address: B-11/3, Mohan Co-Operative Industrial Estate, New Delhi, 110044 India
Phone: +91 011 29892141 / Fax: +91 29893467 / Email: [email protected] / Web: www.flashgroup.in
F e b r u a r y 2 0 1 1 - I n d i a - A u s t r i a N e w s l e t t e r | 9
Tourism
Andhra Pradesh attracts the largest number of tourists in
India. 3.2 million visitors visit the state every year. With
more than 600 tourist locations, the second largest coast
line in the country, 1000 years of history and pilgrimage
centres of every major religion of India, AP is truly "The
essence of India". Andhra Pradesh‘s capital city, Hyderabad has
the atmosphere of an Arabian Nights fairy tale. Whimsical palaces,
erstwhile stately homes and crowded bazaars filled with shops
selling Hyderabadi pearls, incense and copper utensils character-
ise the city, while in the distance looms Golconda Fort. The city‘s
historical connection traces itself to the rulers or Nizams whose
wealth was legendary. Rooms full of jewels and currency notes, a
garage full of gleaming Rolls Royce‘s are all now part of history,
but a unique culture lives on, colouring the city with its distinctive
charm. The Epicurean tastes of this most exalted royal house of
princely India gave rise to a fabled cuisine based on painstaking
preparations and slow cooking. Much of Hyderabad‘s old town can
be covered on foot. The city‘s important landmarks include Char-
minar, a 16th century gateway; the Salar Jung Museum which ex-
hibits priceless treasures alongside trivia that made up the person-
al collection of the owner; Mecca Mosque and Golconda Fort. Na-
garjunakonda is the site of ongoing excavations which have re-
vealed Buddhist temples, stupas and monasteries. ◄
State Profile
Andhra Pradesh
IndiaTourism Frankfurt Baseler Str. 48 / D-60329 Frankfurt
Tel: +49 (69) 242949-0 / Fax: +49 (69) 242949-77 www.india-tourism.com / [email protected]
MORE INFO AT WWW.INDIA-TOURISM.COM
F e b r u a r y 2 0 1 1 - I n d i a - A u s t r i a N e w s l e t t e r | 1 0
Culture / Festival of India 2011 - Cultural Performances
Kathak is one of the classical dance forms of India (originally from North India). It is a narrative dance form characterized by fast footwork (tatkar), spins (chakkar) and innovative use of bhav in abhinaya. It has today a form that has been influenced at various times in the past by mythological narratives by kathakas, temple dances, the bhakti movement (both Vaishnavism and Shaivite), and Persian influence of the Mughal courts in the 16th century onwards; and these elements are readily discernible. Performers today generally draw their lineage from three major schools of Kathak: the Jaipur gharana, the Lucknow gharana and the Banaras gharana (born in the courts of the Kachwaha Rajput kings, the Nawab of Oudh, and Varanasi respectively); there is also a less prominent (and later) Raigarh gharana which amalgamated technique from all three preceding gharanas but
became famous for its own distinctive compositions.
The name Kathak is derived from the Sanskrit word katha meaning story, and katthaka in Sanskrit means s/he who tells a story, or to do with stories. The name of the form is properly katthak, with the geminated dental to show a derived form, but this has since simplified to modern-day kathak. kathaa kahe so kathak is a saying many teachers pass on to their pupils, which is generally translated, 's/he who tells a story, is a kathak', but which
can also be translated, 'that which tells a story, that is Kathak.
Kathak Today
Today, Kathak has regained its popularity after the period of
decline during the rule of the British Empire where it was frowned upon by Victorian administrators. Not only in India, but throughout the world, it is recognised as one of the seven classical dance forms of India. Kathak‘s unique history has made it very different from other traditional dance forms, although it still retains the same roots. Presently, this classical dance is characterized by a combination of the temple and court forms, inclusive of both the devotion and romantic form that has shaped it through the years. The influence of theatre dance has presented itself in the movement towards dance productions of stories such as Shakuntala. Expressive motion, rhythmic accuracy, graceful turning, poised stances, technical clarity, hand gestures (mudras) and subtle expression (bhava-abhinaya) are important components of modern Kathak. The work of the Maharaj family of dancers (Acchan Maharaj, Shambhu Maharaj, Lachhu Maharaj and one of the great current dancers still alive today, Birju Maharaj) and his students including Pandit Satya Narayana Charka have been very successful in spreading the popularity of Kathak. Another disciple of Acchan Maharaj is Sitara Devi, daughter of Sukhdev Maharaj of Benaras. Her lively, zestful and fiery performances have impressed many audiences. Shambhu Maharaj also trained Smt. Kumudini Lakhia, who, along with Birju Maharaj, has introduced the relative innovation of multi-person choreographies in Kathak. She has gained a strong reputation for combining purely classical movements and style with distinctly
contemporary use of space. ◄
Kathak
The dance of the the nomadic bards known as Kathaks, or “storytellers“
Kathak Performances in the Festival of India 2011 in Vienna, Graz and Klagenfurt
Vidha Lal, a multi-faceted Kathak exponent and disciple of renowned Guru Geetanjali Lal of Jaipur Gharana.Vidha has earned great
acclaim in the media and from connoisseurs for her brilliant solo performances in India and abroad.
F e b r u a r y 2 0 1 1 - I n d i a - A u s t r i a N e w s l e t t e r | 1 1
Festival of India 2011 - Handicrafts Fair
Festival of India 2011
Indian Handicrafts Fair
What to expect in forthcoming Indian Handicraft Exhibition cum Sale during 25-30 March 2011 at Ethnology Museum/Heldenplatz, Vienna
Indian Fashion Jewellery and Accessories: Creativity of
Indian Craftspersons with artificial and natural material
Jewellery has been rooted into the Indian soil, not from today, but
from ages that has lent itself to the creative hands of the Indian
craftsmen. Just as Indian traditions have evolved with time, so has
the Indian jewellery. Exemplary designs, precious stones and the
adroit craftsmanship of Indian designers and artisans have given
birth to new line of Indian fashion jewellery which is elegant,
captivating and defines attitude of individuals to make a ravishing
statement in the world of fashion jewellery.
Jewellery making is an art and each piece which is made is crafted
out with well-balanced hands. Here's the exquisite collection of our
rich inheritance.
Kundankari
Inspired by Mughal jewellery, Kundankari is done on gold and
silver jewellery. The beauty of kundan work lies in the precise
setting of stones into kundan and the overall look of the ornament.
Gemstones are set within solid walls of gold. The jewellery
features stones encrusted on one side and colourful and intricate
meenakari on the reverse. This technique famous from Rajasthan
is now being used to make some of the most in demand in the
fashion jewellery industry.
Filigree Work
Popularly known as ‗tarkashi‘ — a style from the state of Orissa,
Filigree work is done on silver. Twisting the delicate silver wire into
delicate loops knitted in a zigzag pattern, lends this style of
jewellery in an intricate lace like appearance. Inspired by the way it
was done in Greece in ancient times; the work has still maintained
and modified that antique style magnificently.
Folk and Tribal Jewellery
Much assorted in India, folk and tribal jewellery delicately worked
with wood, ivory, plastic, bones, beads and shells, is a visual
delight. Kashmir, Himachal Pradesh, Gujarat, Rajasthan and the
tribal zones in central, eastern and southern India are popular for
ornaments in silver and a particular type of alloy called ‗Pewter‘
that intimates silver. The craftsmen explore the use of all these to
give crude and tribal yet fashionable look.
Beaded & Metal Jewellery
The enamel workers of Kangra, Chamba, Mandi, and Kullu are
very famous for their exquisite chunky bead and metal jewellery.
Elliptical anklets, solid iron-headed bangles, hair ornaments and
necklaces known as chandanhaars (a bunch of long silver chain
linked by engraved silver plagues) are some of the exquisite
pieces that they usually make.
Temple Jewellery
Temple jewellery of India is used to adorn the idols of Gods and
Goddesses and the designs have become a part of every
woman's jewellery collection. Traditionally, the jewellery consists
of gold ornaments studded with red and green semi-precious
stones. The designs in solid gold jewellery of Tamil Nadu and
Kerala are made of paisley motifs.◄
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Festival of India 2011 - Indian Film Week
“INDIAN FILM WEEK” PROGRAM FREE ADMISSION
Reservations required (available from March 10th on)
All movies screened at 'De France' Cinema, Schottenring 5, Vienna 1010
www.indianembassy.at/filmweek
Friday, 18th March Movie Details
17:00 Sholay by Ramesh Sippy For more information, visit:
www.indianembassy.at/filmweek (All movies in original language with english subtitles)
19:45 Yaadein by Subhash Ghai
Saturday, 19th March
Sholay
Black
17:00 Black by Sanjay Leela Bhansali (Sholay) (Black)
19:30 Kesariya Balam by Sandeep Kumar
21:00 Iqbal by Nagesh Kukunoor Action Drama
160 Min. 124 Min.
Sunday, 20th March
17:00 Koi Mil Gaya by Rakesh Roshan
Yaadein
Lakshya
20:00 Paheli by Amol Palekar (Bittersüße Erinnerungen)
(Mut zur Entscheidung)
Monday, 21st March Romance Romance
17:00 Lakshya by Farhan Akhtar 193 Min. 187 Min.
20:15 Paheli by Amol Palekar
Koi Mil Gaya
Iqbal
Tuesday, 22nd March (Sternenkind) (Iqbal)
17:00 Sholay by Ramesh Sippy
19:45 Koi Mil Gaya by Rakesh Roshan Fantasy Drama
165 Min. 132 Min.
Wednesday, 23rd March
17:00 Lakshya by Farhan Akhtar
Paheli
Kesariya
20:15 Iqbal by Nagesh Kukunoor (Die Schöne und der Geist)
Balam (Liebe
ohne Grenzen)
Thursday, 24th March Fantasy Drama
17:00 Yaadein by Subhash Ghai 134 Min. 90 Min.
20:15 Black by Sanjay Leela Bhansali
F e b r u a r y 2 0 1 1 - I n d i a - A u s t r i a N e w s l e t t e r | 1 3
India in Austria
Talk Series „Zu Gast bei Elisabeth Al-Himrani“ Nr. 74 - Ambassador Dinkar Khullar
February 3rd, 2011 - 18:00 Spitzergasse 2 , 1180 Wien Registration required under 01/ 895 42 57 www.austro-indian.at
Talk Series „Zu Gast bei Elisabeth Al-Himrani“ Nr. 75 - Dr. Helga Peterlik, Diplomatengattin
March 10th, 2011 - 19:00 Herrengasse 6-8, Stiege I, 10. Stock, Tür 57 , 1010 Wien www.austro-indian.at
India Awakens - Exhibition 26.11.2010 – 27.02.2011 Essl Museum An der Donau-Au 1 3400 Klosterneuburg bei Wien FREE ADMISSION until 27.02.2011
www.esslmusem.com
Agenda
February/March 2011
Published by the commercial section at the Embassy of India, Vienna. www.indianembassy.at
Contact: [email protected]
Festival of India, Vienna 2011
March 15th-30
th, various locations
Indian Film Week
March 18th to 24th (See program on the previous page)
'De France' Cinema Schottenring 5 - 1010 Vienna FREE ADMISSION Reservations required at www.votivkino.at Indian Food Festival March 15th to 31st (See details below)
Radisson Blue Palais Hotel Vienna Parkring 14-16 1010 Vienna
The Spirit - Kathak Dance
›Klagenfurt - March 18th
Details to follow
›Graz - March 19th - 20:00
Volkshaus Graz Lagergasse 98a – 8020 Graz Reservations at 0699 1025 9961 More info at www.indiacentergraz.at
›Wien - March 20th - 17:00
Akzent Theater Theresianumgasse 18 - 1040 Wien More info at www.akzent.at
Workshop on "Information Technologies and Innovation in Sanskrit-Based Indian Studies" March 25th and 26th, 09:00-18:00 University of Vienna, Institut für Südasien-, Tibet- und Buddhismus-kunde, Spitalgasse 2-4, Hof 2, Eingang 2.1 and 2.7 - 1090 Vienna Registration mandatory. Details to follow
Seminars Indian Dance - March 16th, 18:00
Key-note speaker: Dr. Leela Venkatraman Indian Music - March 21st, 18:00 Key-note speaker: Dr. Shubha Chaudhuri University of Vienna, 1010 Vienna Registration mandatory. Details to follow
INDIAN HANDICRAFTS FAIR
March 25-30, Völkerkundemuseum/Heldenplatz, Vienna
UPCOMING EVENT