india newsletter 03.2011
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India Newsletter published by the commercial section at the Indian Embassy in ViennaTRANSCRIPT
INDIA NEWSLETTER
March 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]
M a r c h 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
GDP. The Central Statistical Organisation
(CSO) revised growth in the gross domestic
product (GDP) for 2009-10 to 8% from the
previous 7.4% due to robust growth in
manufacturing and services sectors. The
government also revised the GDP growth
for 2008-09 marginally to 6.8% from the
previously announced 6.7%. The growth
rate of 8% in the GDP during 2009-10 has
been achieved due to high growth in
transport, storage and communication
(15%), community, social and personal
services (11.8%), financing, insurance, real
estate and business services (9.2%) and
manufacturing (8.8%)," CSO said. Farm
sector growth in 2009-10 stood at 0.4%, up
from the 1% decline in 2008-09. The
economy is expected to grow 8.5% in the
current fiscal year but some policymakers
say it could reach 9%. It has grown 8.9% in
the past two quarters of the current fiscal
year.
Exports. As against the government‘s
export target of $200 billion for this fiscal,
the Prime Minister‘s Economic Advisory
Council (PMEAC) projected that shipments
from India will go up to $230bil. In the 2009-
10 financial year, the country’s
merchandise exports had come under
pressure because of the slowdown in the
Western markets and dropped to $175bil
from $189bil in 2008-09.
Inflation. The government said high food
inflation is adversely affecting the common
man and it intends to employ various
measures to tackle the situation. Some of
the important steps include schemes
enabling state governments to set up
farmer‘s mandis and mobile bazaars,
strengthening of the Public Distribution
System (PDS) through computerisation and
opening more procurement windows across
Economy & Business
February 2011 Highlights
the country. The government also intends
to review the Agriculture Produce Marketing
Committee (APMC) Act to consider
exempting horticulture products from its
purview, thereby mitigating marketing and
distribution bottlenecks. State governments
would be urged to consider waiving local
levies, as well as reduce commission agent
charges, while encouraging investment in
supply chains. Measures taken to contain
prices of essential commodities include a
selective ban on exports and futures trading
in food grains, zero import duty on select
food items and permitting the import of
pulses and sugar by public sector
undertakings.◄
► BUSINESS/INDUSTRY
Energy. The National Thermal Power Cor-
poration (NTPC) has prepared a corporate
plan 2010-32 to become a 75GW company
by 2017 and to have an installed capacity of
128GW by 2032 with a well diversified fuel
mix comprising 56% coal, 16% gas, 11%
nuclear energy, 9% renewable energy and
8% hydro-power based capacity. .
Solar. Premier Solar has signed a contract
for import of 200,000 thin film modules,
which can provide for generation of 20MW,
from German manufacturer Schott Solar.
The total value of the pact is $44mil. At the
same time, The Switch, a Finland-based
new energy technology company, an-
nounced the expansion of its international
presence by establishing a wholly-owned
India office. The new home base serves as
the company‘s beachhead to strengthen its
business network and to lead business de-
velopment in the fast-growing solar market
power in India.
Engineering. The Indian government has
set an ambitious target of $120bil for engi-
neering exports by 2015 while emphasizing
the need to align policies in that direction.
Engineering exports include heavy engi-
neering goods, transport equipment, capital
goods, other machinery/equipment and light
engineering products. In 2009-10, India‘s
total engineering exports was worth
$32.5bil and the US and EU markets ac-
counted for 65% of the shipments.
Steel. Steel authority of India (SAIL) an-
nounced $12bil investment plans in four
steel plants abroad - in Indonesia, Mongo-
lia, South Africa and Oman. An MoU has
already been signed with Indonesia and
constant dialogue is going on with the other
nations. At the same time, Japanese Kobe
Steel has plans to set up a next-generation
steel plant in India capable of producing
high-purity iron nuggets out of low-grad iron
ore and coal. The facility will use of a pro-
cess called ITmk3 developed by Kobe.
Auto. The Indian Ruia Group has acquired
Germany-based fasteners manufacturer
Acument in an asset deal that involved the
buyout of four plants and logistic centres.
The acquisition has been done through a
new company, Ruia Global Fastners AG
(RGF), marking the group‘s entry into the
auto ancillary segment. This is the third ac-
quisition of the Ruia Group in Germany and
the fourth in Europe since 2008.
Aerospace. Mahindra Aerospace Pvt. Ltd.
has announced it is looking for a strategic
investor, including OEMs and tier I suppli-
ers that will help it access both customers
and technology. The firm is investing about
$62mil in a 20-acre new manufacturing unit
for components, assemblies and aero-
structures.
Defence Technology. L&T has formed a
74:26 Joint Venture with Cassidian, a divi-
sion of European Aerospace and Defence
(EADS) Group, for defence electronics. The
JV will work closely with Cassidian‘s new
engineering centre in Bangalore, where
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systems design and engineering centre in
Bangalore, where systems design and engi-
neering activities will be carried out in the
fields of electronic warfare, radars, avionics,
and mobile systems.
Fashion/Design. India is one of the seven
hotspots identified by Italy to attract invest-
ments. Italian companies are keen on part-
nering with Indian firms in retail, fashion
and design.
Lingerie. Renowned international venture
capital firm, Sequoia Capital, is to pick up a
6% stake im Mumbai-based Lovable Linge-
rie Ltd. The investment is for an estimated
$4.5mil, in a pre-IPO placement. The later
IPO proceeds are to be used for setting up
a new manufacturing unit in Bangalore, for
brand building, to invest in JV with UK‘s
Lifestyle Galleries of London Ltd and setting
up exclusive brand outlets.◄
► INFRA-STRUCTURE
Energy. The power ministry of India has
announced the National Mission for En-
hanced Energy Efficiency (NMEEE). The
scheme will require investments worth
$6.5bil over three years. Power units cover
a major chunk of this programme with
around 146 units.
Renewable Energy. The World Bank has
shown interest in partnering the Indian gov-
ernment for developing the renewable ener-
gy sector. The government has an ambi-
tious plan to install at least 40GW of addi-
tional capacity in renewable energy in the
next 10 years.
Asian Development Bank. The ADB has
agreed to lend $7.4bil to fund projects in
infrastructure in India. ADB will spread
loans through 2011-13 to help the govern-
ment finance projects aimed at reducing
parities between states.
Delhi-Mumbai. The $90bil Delhi-Mumbai
Industrial Corridor (DMIC) is all set to take
off with a $9bil revolving fund being estab-
lished for the project. The project will con-
nect New Delhi with the business capital
Mumbai through a mega infrastructure
spread over 1,483km.
Airport. Gujarat is soon to be home to In-
dia‘s largest airport. The Dholera airport will
be spread across 14.500 acres and will be
having an ultimate passenger handling ca-
pacity of 200 million annually. It will come
up near the Dholera Special Investment
Region, from where the Delhi-Mumbai In-
dustrial Corridor will pass through. Accord-
ing to the 2010 annual airport service quali-
ty (ASQ) survey of Airports Council Interna-
tional (ACI), India‘s airports rank high. Hy-
derabad's Airport (RGIA) won top honours
in the 5~15 million passenger size catego-
ry, while Mumbai's Airport (CSIA) was
placed second in the 15~25 million passen-
ger category, and New Delhi's Airport
(IGIA) was placed fourth in the 25~40 mil-
lion passenger category.
Rail. The longest rail bridge in India with a
length of 4.62km connecting Idapalli to Val-
larpadam in Kochi is complete. Built by the
Rail Vikas Nigam Ltd at a cost of $44mil,
the bridge was built in a record 28 months.
Oil/Gas. The British oil giant BP and the
Indian Reliance Industries will work togeth-
er in the delivery of Gas and Oil in India. In
this effort, BP will invest around $7bil in the
Indian company. The total investment vol-
ume can surpass the $20bil mark. The initi-
ative is expecting official government ap-
proval.
Skyscraper. A joint venture of Arabian
Construction Co (ACCACC), and Simplex
Infrastructures was awarded a contract to
construct World One in Mumbai. The World
One with 117 storeys standing at 442 me-
ters will be the tallest building in India and
the second tallest residential building in the
world upon completion in 2015. ◄
► INTERNATIONAL
Japan. India and Japan have set a target
of achieving$25bil worth of bilateral trade
by 2014 from the present $10.3bil as they
have signed the much-awaited Compre-
hensive Economic Partnership Agreement
(CEPA) that will see about 94% tariff reduc-
tion in goods ranging from cars to shrimps
and easier movement of nurses and chefs.
Malaysia. India and Malaysia signed a
Comprehensive Economic Cooperation
Agreement (CECA) today, aiming in the
short term to boost bilateral trade to $15bil
by 2015 from $9bil now. The agreement
covers trade in goods, services, investment
and economic cooperation.
Great Britain. With the focus on enterprise
development activities and to make the ru-
ral masses self-sustainable, the Common-
wealth Secretariat, London, has partnered
with public sector Indian banks to provide
credit to young people, women and differ-
ently-abled young in rural areas of India.
Finland. Union minister of new and renew-
able energy in his interaction with Finland‘s
minister of environment stressed the need
for cooperation between the two countries
in renewable energy segment. India and
Finaland already have an on-going mecha-
nism of cooperation under the aegis of
Joint Working Group on Clean Technology
and Waste Management.◄
News
February 2011 Highlights (cont'd )
Quote of the Month
"In the foreseeable future I see India
joining the premium league. India
will be amongst the top 3-4 markets
along with Germany, United States
and China"
Peter Honegg
Managing Director, BMW
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ENGEL India records exceptionally high
level of orders in the financial year
2009/2010. Investments in high-quality ma-
chines are constantly increasing in India,
reports Jitendra Devlia, Manager of ENGEL
Machinery INDIA Pvt. Ltd., subsidiary of
ENGEL AUSTRIA GmbH. Machine imports
are playing a key role in this recovery. In a
highly dynamic market environment, EN-
GEL has developed into a top importer of
high quality injection moulding machines.
"In the automotive industry we are undisput-
edly number one in India," says Mr. Devli.
ISOVOLTA in India. ISOVOLTA (India)
Pvt. Ltd. is a joint venture between the
Sahney Group and Austrian ISOVOLTA AG
that are leading manufacturers of electrical
insulation materials, technical laminates
and composite materials . The Indian com-
pany is based in Nasik and produces world
-class mica based insulating tapes for mo-
tors and generators. In addition, under li-
cence from Hitachi chemicals, they also
manufacture speciality tapes for Hitachi
motors.
Bilateral Trade - November/2010. The
trade volume for the period January-
November 2010 has registered positive
marks for both exports and imports. India‘s
exports to Austria increased by 9.8% to
€452.11mil in this period, with the trade in-
crease in virtually all bilateral trade. Ma-
chinery and Equipment showed the most
impressive jump, especially in electrical
machinery (by 81%). Chemicals and foot-
wear are the two sectors, which have not
been impacted by the crisis year 2009 and
have shown continuous growth since pre-
crisis year. Special attention must be given
to the footwear sector, which has experi-
enced considerable growth in comparison
to 2008/09 values. As far as India‘s imports
from Austria is concerned, machinery and
equipment counts for approximately 50% of
the total import volume, even though mark-
ing a slight decrease by 0.5% in the Janu-
ary-November 2010 period y-o-y. Chemi-
cals imports have marked positive growth
trends through crisis year 2009, while man-
ufactured goods, which was strongly hit in
2009 with a steep decrease, has been
shown good signs of recovery. It has not
yet reached its pre-crisis levels, though.
The import volume of other manufactured
items was also strongly hit in 2009, show-
ing positive recovery and overcoming pre-
crisis levels in 2010. This was highly
pushed by the increase of India‘s import of
scientific and controlling instruments by
23.8%, accounting for about 4.7% of India‘s
total imports from Austria.◄
News
India-Austria
Bilateral Business News and Trade Reports
2008 2009 2010 Change 2009/2010 (%)
November Jan-Nov November Jan-Nov November Jan-Nov November Jan-Nov
India’s Export to Austria
31.7 385.16 29.8 411.66 37.7 452.11 26.3% 9.8%
India’s Import from Austria
61.5 535.09 55.1 504.39 68.8 577.94 24.7% 14.6%
Trade Volume Report
(in million EUR)
A majority of Indian companies believe that they
have been able to offer a wide range of
opportunities and work experience to their
employees in the last one year, says a survey.
According to a study conducted by HR
consultancy Towers Watson''s Talent
Management and Rewards, 61 per cent of the
Indian companies surveyed said that they are
able to provide their employees a wide range
of jobs and work experience over the last 12-
month as against 50 per cent in the Asia Pacific
region. On the prime reasons behind it, the
survey noted, "...Indian markets surging and the
economy well poised for growth."
India employers score comparatively high when
it comes to providing job security to their
employees, with 81 per cent of Indian
employers able to provide a secure and a
stable position to their employees as
compared to 60 per cent employers in the Asia
Pacific region.
The survey also reveals that 30 per cent Indian
employers provide their employees an
opportunity to move to a different country
compared to 21 per cent employers in the Asia
Pacific region.
The ''compensation element'', which is
popularly considered as the prime motivator for
employees, is another parameter where Indian
employers score better.
While 37 per cent employers in the Asia Pacific
region believe they provide an opportunity to
their employees to earn higher levels of
compensation to a great extent, around 54 per
cent employers in India felt so.
Overall, 60 per cent of Indian employers
reported an improvement in career
advancement opportunities over the last 12
months, while 40 per cent of the respondent
companies said that career advancement
opportunities remained the same.
In other Asia Pacific countries, 54 per cent
Chinese employers feel that career
advancement opportunities for their employees
have improved Singapore 28 per cent
and Japan 19 per cent.
"The impact of the recessionary environment
was less harsh on India Inc and consequently
on the Indian workforce, but what is important
to note is the studied and measured response
of corporate India to the slowdown as
compared to the rest of world and the Asia
Pacific region in particular," Towers Watson
(India) MD Dhritiman Chakrabarti said.
"Equally important, on a comparative note, is
the affirmative and buoyant sentiment that
has been expressed by corporate India, be it in
terms of job security, skill development or
opportunities to earn higher levels of
compensation," Chakrabarti added.
When it comes to offering skill development
opportunities to their workforce, 64 per cent of
Indian employers surveyed believe that optimal
opportunities are available to their employees
to rapidly develop skills and abilities, as against
a 49 per cent Asia Pacific average.
The survey said that 61 per cent of Indian
employers are able to provide their employees
an the opportunity to develop innovative
products and services, as compared to their
counterparts in the Asia Pacific region at 41 per
cent.◄
Survey
Indian companies offer more opportunities to employees
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Focus
India has the second-largest road network in the world, spreading
across approximately 3.3 million kilometres. Roads are the
preferred mode of transportation in the country and account for
85% of passenger traffic and 65% of freight traffic. National
highways, which account for only 2% of the country‘s total road
length, bear about 40% of the total traffic. In the past five years,
the number of vehicles in the country has grown at 10.16%
annually.
Regulatory environment
In India, National Highways are administered by the Ministry of
Shipping, Road Transport and Highways (MOSRTH) and the
National Highway Authority of India (NHAI). State highways and
major district roads are governed by state public works
departments and road development corporations. Rural roads are
monitored and maintained by the Ministry of Rural Development
(MoRD).
As roads form an integral part of the economic and social
development of a country, the Government of India has made
concerted efforts to improve road connectivity in India. It has
announced policy measures to attract foreign and domestic private
investment for road development. Some of these policy measures
include permission for up to 100% FDI and provision of capital
grants of up to 40% of the project cost to enhance the viability of
projects. Additionally, the government has also announced policy
measures to create substantial opportunities for private investors
and increase the scope of public-private partnership (PPP) on
road projects. Private investment in the sector has increased from
INR234 billion in September 2006 to INR520billion in August 2009.
Recent developments and industry outlook
The government has launched the National Highway Development
Programme (NHDP) to improve and maintain the road network in
the country. The primary objective of the NHDP is to develop and
upgrade over 50,000 kilometres of National Highways, in seven
phases, with an investment of INR3,000 billion.
At present, the NHDP is being implemented in four phases: I, II, III
and V. The funds for the program are being arranged through
budgetary allocation, a central road fund as well as external
assistance and market borrowing. Additionally, the government
has also launched the Pradhan Mantri Gram Sadak Yojana
(PMGSY) to provide connectivity to isolated rural habitations in the
country. The PMGSY scheme involves the construction of 146,185
kilometres of road to provide connectivity to 66,802 habitations. In
2008-09, the government spent INR151billion on rural roads under
this scheme. In early 2009, the government announced its target
of constructing 20 kilometers of highway per day with an
investment of USD70 billion over the next three years.
According to the estimates of the Planning Commission, total
investment in the road sector during the Eleventh Five Year Plan
(2007–2012) will amount to around USD78.5 billion, of which 34%
is expected to be contributed by the private sector.◄
Sector Close-up
Roads and Highways in India
India National Highway Network Map (as of Dec.31, 2010)
Road Network (FY09)
Source: NHAI
Source: NHDP
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Interview
Joshua Harris , the founder and chief of Apollo Global Management , the $58-billion buyout firm which rose from the rubble of legendary junk bond trading house Drexel Burnham Lambert , sees what rivals have missed out — distressed companies. The buyout industry that indulged in excesses won’t return to its past ways anytime soon, says Mr Harris who snatched petrochemical maker LyondellBasell away from Reliance Industries . In an interview with ET, Harris shares his views on the financial world. Edited excerpts: Apollo has been relatively patient in India with only one major investment till date. How do you think this will evolve? We plan to focus on being a reliable partner for Indian entrepreneurs and a contrarian investor with deep industry knowledge who is not afraid to provide capital in complicated situations. Your last visit to India was on 26/11. Did that make you rethink your India plans? Are the broader political risks in India a concern for you? I was travelling to Mumbai the day of the unfortunate attacks and was forced to cancel a week-long trip. However, I am thrilled to be back in India and happy to see that the city and the country have bounced back so remarkably. I think that if anything India has shown it is that it is a very resilient nation. It has experienced several setbacks — be they political or natural — over the past decade, but the economic machine has continued to thrive. Our ambitions for India have only increased. I continue to be truly impressed by the quality of entrepreneurs in the country. Hence, we are increasingly looking for ways to partner them; either to fund their plans for the domestic market or to assist them in acquiring assets overseas. What are the opportunities and constraints for buyout funds in India?
Buyout firms, in the traditional sense, are going to find it difficult if they focus solely on buyouts in India due to constraints. In a number of sectors, there is a lack of talent pool of highly experienced managers to operate and grow the companies acquired by private equity firms. Financial regulations prevent the use of leverage to fund buyout. Business owners are typically unwilling to sell, since they perceive much higher growth as insiders versus what outside investors are typically willing to underwrite. The dynamism of the entrepreneurs and their ability to manage the Indian environment is critical, and as a result, we believe it may be more prudent to partner with entrepreneurs to help grow their companies together. Does PE interest in Indian infrastructure remain strong? Other than demography, what else is going in favour of India? The infrastructure deficit is evident to anyone who visits India. The country needs more roads, more ports, and more power plants. The challenge for investors is how to intelligently craft investments
to deal with the execution risks. Other than demographics and rising consumption levels, the two things which excite me the most are cost competitiveness and entrepreneurial spirit. Across a few select industries, for example auto components, specialty chemicals and packaging, cost competitiveness is driven not only by labour arbitrage but by genuine skill and innovation. The services sector has gotten a lot of attention in India, but I have also been very impressed by some old economy companies. The local operating conditions are much tougher here, and as a result, you often see companies in India are more efficient and smart than some of their global counterparts. As markets in Asia and Africa develop, I believe many more companies from India are going to emerge as significant players in these markets, rather than letting the more established Western companies move in and take market share. Apollo is a global specialist in distressed debt. Is it still an attractive strategy? Are you likely to look at distressed-for-control transactions in India?
We believe some of the most successful investments can be made when values are depressed due to high leverage on the balance sheets. Pursuing such investments requires resident skillset as well as the strength of conviction to do things that others might not or that might even make you unpopular. For example, during the depths of the crisis in 2008 through 2009, there were attractive opportunities to purchase companies through distressed-for-control transactions. At Apollo, we were one of the most active investors of distressed-for-control, and led two of the largest distressed-for-control investments to emerge from the crisis – Charter Communications and LyondellBasell. To date, the story in India has been focussed on growth equity with average purchase price multiples around 12x EBITDA. Having said that, the one area which has been overlooked and underserved is working with companies which have high debt and are under some pressure. The complexity of navigating the regulatory and restructuring process has kept other firms away from this opportunity. What could spoil the party? I think controlling inflation and how the government manages the explosive growth are likely to be the key factor. Lack of poor infrastructure and poor pace of reform are also potential risks. Is the private equity activity back to its pre-2008 glory?
The credit markets are once again accessible and appear strong. They certainly do not look like they did around 2007. Nor do I think they will approach those peak levels anytime soon, if ever again. Coming out of this cycle, I think there will be a real shakeout in the industry in terms of both the number and type of private equity funds that get raised. We will see a natural consolidation in the private equity industry whereby firms that can generate returns across varying market cycles will survive and grow, while others may not be able to raise subsequent funds.
Business
India has proved its resilience by Joshua Harris
Source: The Economic Times: Februar 21, 2011 )
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Trade Shows
The 3rd edition of fMM&T India will take place from 12-14 May
2011 at New Delhi, India. The fair is a perfect trading platform for launching and sourcing the product. fMM&T is organised by
UBM India & APLF Ltd., in partnership with Indian Footwear Components Manufacturers Association (IFCOMA) and supported by Council of Leather Exports (CLE), Indian Shoe Federation (ISF), Agra Footwear Manufacturers & Exporters
Chamber (AFMEC).
In 2010, fMM&T attracted over 3,500 attendees from 18 countries including Bangladesh, Brazil, Central America, China, France, Hong Kong, Istanbul, Italy, Korea, Malaysia, Nepal, Russia, Spain, Taiwan, Turkey, UAE, United Kingdom and USA. The event had over 180 exhibitors from prominent leather manufacturing countries and regions including China, Italy, Bangladesh, Taiwan, France, Egypt, Hong Kong, Korea, Thailand, USA and India and also featured international pavilions
from Taiwan and China.
Exhibitior's Profile Exhibitors will include suppliers of the following products & services: Raw Materials Including Hides & Skins, Semi-
Finished & Finished Leather, Synthetic Materials & Man-made Leather, Rubber, PVC, TPR, PU, Natural Fibers & Materials and High Performance Fabrics, Finishing Chemicals & Dyes, Release Papers, Components & Accessories for Shoes, Leather Garments, Handbags and Travelware including
Plastic Lasts, Midsoles, Insoles, Footwear Soles, Toe Puff & Counters, Shoe Uppers, Laces, Eyelets, Fabrics, Buckles, Shank, Zippers, etc., Shoe Machinery Equipment & Tools, CAD-CAM, Design and Supply Chain Management Software's, Technology, Testing Laboratories Trade Press and Other Services
Visitior's Profile
Trade Press and Other Services Manufacturers of Footwear, Leather Garments, Handbags, Leather Goods and Travelware, Importers and Distributors of Leather and Synthetic Materials, Components and Accessories, Designers, Brand Owners, Product Developers and Importing agents for Machinery and Equipment More Information: http://www.aplfindia.com/ ◄
Automotive Engineering Show Chennai is the only Tradeshow in the world dedicated only to Solutions for Automotive Manufacturing. It is the 4th exclusive fair on automotive engineering and vehicle manufacturing plants. Automotive Engineering Show is a showcase of processes, systems & technologies or 'enablers' in automotive manufacturing. This is the first exclusive fair focusing on Automobile engineering & vehicle manufacturing processes. The unique rationale of the event is very strong penetration within the automotive manufacturing region. It aims to connect various constituents of this rich industry. Just to re-iterate, Manufacturing technologies, equipment, tools and methods of assembly form the subject matter of this show. Obviously, no finished auto-component, product or vehicle will be displayed. With participation from some of the industry's biggest technology suppliers and buyer delegations from a host of and component makers visiting the event, the Automotive Engineering Show has joined the ranks of the most effective Trade shows in the country. Display Profile Assembly Line System Integrators and Line builders, Automotive
Painting, Finishing and Surface Treatment solution providers, Automotive Testing & Quality Inspection providers, Engineering Services: IT solutions in Vehicle Design, Product Development, Planning and Manufacturing, End to end In-plant (Material) Handling systems, Machining Centers and Metal Cutting used for Automotive manufacturing, Productivity Enhancers, latest concepts in Tools, Jigs and Fixtures, Specialized solutions in Welding, World renowned Manufacturers of Robotics and Automation, Factory Control and Measurement, Automotive Electronics, Materials and Composites, Tyre Technology and Other Related Material Visitior's Profile
CEOs, Director of Projects, Department heads from Planning, Quality, Design department, Production, Capital purchase, Procurement, Maintenance, R&D Automotive manufacturing companies, Vehicle manufacturers
Tier 1, Vehicle manufacturers Tier 2, Vehicle manufacturers Tier 3, Component manufacturing companies, System manufacturing companies More Information: http://www.biztradeshows.com/automotive-engineering-show/ ◄
M a r c h 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
Larsen & Toubro Limited (L&T) is a technology, engineering,
construction and manufacturing company. It is one of the largest
and most respected companies in India's private sector. Currently
the company‗s pipeline of developmental projects includes:
› Roads and Bridges: 15 projects amounting €2.1bil
› Power: 5 projects amounting €3.4bil
› Ports: 3 projects amounting €850mil
› Metro Rails: 1 project amounting €2.4bil
› Urban Infrastructure: 14 projects amounting €1.1bil
ECC – the Engineering Construction and Contracts Division of
L&T is India‘s largest construction organisation with over 60 years
of experience and expertise in the field. ECC figures among the
World‘s Top Contractors and ranks 35th among top global
contractors and 60th among international contractors as per the
survey conducted by Engineering News Record magazine, USA
(August 2008).
Many of the country‘s prized landmarks – its exquisite buildings,
tallest structures, largest airports/ industrial projects, longest
flyovers, highest viaducts, longest pipelines including many other
benchmark projects have been built by ECC. ECC‘s leading edge
capabilities cover every discipline of construction: civil,
mechanical, electrical and instrumentation engineering and
services extend to all core sector industries and infrastructure
projects.
ECC is equipped with the requisite expertise and wide-ranging
experience to undertake Engineering Procurement and
Construction (EPC) projects with single source
responsibility. Contracts are executed using state of the art
design tools and project management techniques from concept to
commissioning.
ECC today is organised in to four Operating Companies to allow
for more in-depth technology and business development as well
as to focus attention on domestic and international project
execution. Each Operating Company is further split into different
Business Units (BUs) to take care of the specific needs of various
customers. The Operating Companies (OC) includes:
› Buildings & Factories Operating Company (B&F OC)
› Infrastructure (Infra OC)
› Metallurgical, Material Handling & Water (MMH &W OC)
› Electrical & Gulf Projects (E&GP OC)
The distinction awarded to several ECC-built structures by the
Federation Internationale de la Precontrainte (FIP), U.K., and the
American Concrete Institute (Maharashtra India Chapter),
Institution of Engineers and Builders Association of India among
others, reflect the outstanding nature of ECC‘s construction. ◄
Big Players
Larsen & Toubro Limited (L&T)
Emerging SME
Laxmi Hydraulics Pvt. Ltd. (LHP) LHP is a well-known brand synonymous with the latest technology
and high quality motors. They have acquired this recognition over
the past 3 decades through consistent efforts. . The company
established a new world-class, environmentally-friendly plant
possessing the capacity of manufacturing nearly 240,000 motors
and pumps per annum. The plant employs state-of-the-art
manufacturing technology and system and, ensuring economical
production. While adhering to international standards and
marketing their products globally, Laxmi Hydraulics Pvt. Ltd.
received Indian prize ―IEEMA SME QUALITY COMMENDATION‖
for significant achievement in Quality under ‗Small Enterprise
Category‘.◄
Larsen & Toubro Limited (L&T)
Address: Mount Poonamallee Road, Manapakkam, P.B.No.979, Chennai – 600 089
Phone: +91-44-22526000/8000 / Fax: +91-44-2249 3317 / Email: [email protected] / Web: www.lntecc.com
Laxmi Hydraulics Pvt. Ltd
Address: B-11/3, MIDC, Chincholi, Solapur - 413255, Maharashtra (India)
Phone: +91 217 2357001 / Fax: +91 217 2357006 / Email: [email protected] / Web: www.lhp.co.in
M a r c h 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
For the visitor wishing to explore southern India extensively, Chen-
nai, the capital of the state of Tamil Nadu, is the most convenient
point of entry. Chennai has an international airport, a sea port and
a rail and road network that links it to all major towns and cities of
the region. It also has several deluxe hotels and others to suit
modest budgets. Tamil Nadu is a bastion of Hinduism, whose past
endures into the present. Temples with towering spires called go-
purams are a common feature of this state, seldom seen any-
where else in the country. Temples in Tamil Nadu were the ful-
crum of society and even today art forms that have their origin in
religious worship continue to colour daily life. Notable among the-
se are splendid bronzes of deities, painting on glass and Bha-
ratnatyam, an evocative dance form.
Mahabalipuram, Kanchipuram and Thanjavur are good examples
of temple towns where within the temple fortifications grew a multi
layered society that preached faith and grew from social harmony.
Kanchipuram, also called Kanjeevaram, is famous throughout the
country as the center where lustrous silk sarees are woven. Like-
wise Thanjavur is an important center for bronze figure casting.
Mahabalipuram, with its wealth of sculptures, is located by the
seaside and has excellent resorts. The towns
of Tiruchirapalli and Madurai also contain famous temples.
Quite a contrast to the temple heritage is provided at Pondicherry,
for long a French colony. French is still widely spoken, and sea-
side villas and cobbled streets are more reminiscent of the south
of France than the south of India! Yet another facet of this surpris-
ingly diverse state is two hillstations Ootacamund and Kodaikanal.
Both are little patches of England, being much loved by the expat-
riate population of the Raj. Both places provide delightful relaxa-
tion during an extended tour of the south, having a wide range of
hotel accommodation. The cuisine of Tamil Nadu, more or less to-
tally vegetarian, has become enormously popular all over the
country, and few towns do not have at least one eatery serving
popular snacks from the state‘s extensive repertoire
Tamil Nadu has a long coastline that stretches nearly a 1000 kms.
The Coromandel Coast, along the Bay of Bengal, boasts of many
ideal locations for sun and surf. Golden sands of the beach are
dotted with coconut palm and casuarina groves. The sea washes
ashore pebbles and shells and the gentle breeze sways the yachts
and catamarans into the deeper waters of the sea and the waters
form small dunes on the shore. Crabs play hide-and-seek by com-
ing out of one burrow, and taking refuge in another. Sea gulls hov-
er in the sky and then rest on the sails of the fishing boats. There
are many more breathtaking sights that will please you and hold
you spell bound in Tamil Nadu.◄
State Profile
Tamil Nadu
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
M a r c h 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
Festival of India 2011
M a r c h 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, March 25-30, Heldenplatz
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, lending 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 is crafted out with well-balanced hands. The
Indian Handicrafts Fair Vienna, 2011, will introduce an exquisite
collection of our rich inheritance.
Indian Textile Crafts: The tradition of bringing textile
and handlooms to life
Indian textile traditions are reputed all over the world and admired
for their beauty, texture and durability. The origin of Indian textiles
can be traced to the Indus valley civilization. The people of this
civilization used homespun cotton for weaving their garments.
India had numerous trade links with the outside world and Indian
textiles were popular in the ancient world. India has a wide range
of textiles of varied designs and manufactured by numerous
techniques when compared to other countries in the world. The
styles depend upon the location of the place, climatic conditions,
cultural influences and trade contacts. The varied topography of
India from the snowy mountains to the rich river valleys and from
the lush forests to the arid deserts as well as the various cultures
brought down here from the invaders have influenced the growth
of a number of textile weaves, a series of which will be at display
at the Indian Handicrafts Fair Vienna, 2011.
Indian Decorative Items: Preserving the traditional art and craft of India and
adding the newest trend dimensions
India is the home of a remarkable variety of traditional crafts.
Century old skills continue to produce some of the most artistic and
exciting pieces of art, which are admired and collected by art
connoisseurs all over the world, making Indian art and handicrafts
immortal and most favored. The ethnic appeal in the vibrant colors
is irresistible, whether it is leather ware, pottery, metal craft or
textile. The spark of creativity has been there since the beginning
of civilization. The immortality of the handicrafts and arts of India
may be attributed to their ability to captivate the beholder. They
have remained coveted for their ability to transform homes into
places of absolute beauty. The Indian Handicrafts Fair Vienna,
2011, will display an inspiring range of products from timeless
creations, which include crafts in wood, papier mache, wood,
metal, glass and a variety of other materials.
M a r c h 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 2
Festival of India 2011 - Seminars & India Experience Live!
Seminars
March 16/21, University of Vienna
Seminar: Indian Classical Dance - Tradition and its
challenges in accommodating modernity
March 16th, 18:00 AULA Campus der Universität Wien Spitalg. 2, Hof 1.11 - 1090 Vienna Voranmeldung erforderlich
Key-note Speaker: Mrs. Leela Venkatraman
Leela Venkataraman‘s career as a
writer on dance began as the Dance
Critic for the National Herald in 1980,
after which she was with another
daily, The Patriot. Selected as the
Dance Critic for The Hindu when the
paper began its Delhi edition, she
has been with the paper ever since.
Her Friday review column earning a
reputation for being the most incisive
commentary on the dance scene in
the capital. Leela Venkataraman has
written extensively for journals in
India and abroad. Among her publications are ‗Indian Classical
dance: Tradition in Transition,‘ ‗Bharatanatyam: Step by step‘ and
‗A Dancing Phenomenon - Birju Maharaj.‘
Seminar: Indian Music - Manganiars of Rajasthan
hereditary musicians in an era of globalization
March 21st, 18:00 AULA Campus der Universität Wien Spitalg. 2, Hof 1.11 - 1090 Vienna Voranmeldung erforderlich
Key-note Speaker: Dr. Shubha Chaudhuri
Dr. Shubha Chaudhuri, a Doctorate
in linguistics and Director of the
Archives and Research Centre for
Ethnomusicology since 1982. Former
board member of the International
Council of Traditional Music (ICTM)
and Vice President of the
International Association of Sound
and Audio Visual Archives. She is a
co-author of ―Archives for the Future‖
and ―Bards, Ballads and Boundaries:
an ethnographic atlas of the Music of
Western Rajasthan‖. She is based in
New Delhi.In her Seminar in Vienna, she will be addressing the
topic "Manganiars of Rajasthan hereditary musicians in an era of
globalization"
India Experience Live!
March 25-30, Museum of Ethnology, Vienna
While the Handicrafts Fair is running in the Heldenplatz area right in front of the Museum of Ethnology, Vienna, the
India Experience Live! program will complete the experience inside the museum. With Indian artists showing live
their craftsmanship and Indian folk music and dance, visitors will be able to experience a unique Indian ambience. To
make sure every single sense is estimulated by the experience, a selection of Indian delicassies will be available for
degustation at the Nirvana restaurant stall inside the museum. Among the live presentations inside the museum:
The art of inlaying brass and copper wires in wood (Tarkashi)
Terracotta craft
Hand-made famous Indian lac bangles
The art of hand-made Kani, Sozni & Pasmina Shawls
AND MORE: The craft of turning leather into puppets
Weaving the world-famous Indian Saris
Horoscope Reading
Embossing gold painting on leather
PLUS: Rajasthani Folk Musicians performances
M a r c h 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
Festival of India 2011 - Food Festival / Cultural Performances
Vienna
Klagen
furt
Graz
M a r c h 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 4
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 Yaadein by Subhash Ghai For more information, visit:
www.indianembassy.at/filmweek (All movies in original language with english subtitles)
20:30 Sholay by Ramesh Sippy
Saturday, 19th March
Sholay
Black
17:00 Black by Sanjay Leela Bhansali (Sholay) (Black)
19:30 Kesariya Balam by Sandeep Kumar
21:15 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.
20:30 Paheli by Amol Palekar
Koi Mil Gaya
Iqbal
Tuesday, 22nd March (Sternenkind) (Iqbal)
17:00 Sholay by Ramesh Sippy
20:00 Koi Mil Gaya by Rakesh Roshan Fantasy Drama
165 Min. 132 Min.
Wednesday, 23rd March
17:00 Lakshya by Farhan Akhtar
Paheli
Kesariya
20:30 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.
20:30 Black by Sanjay Leela Bhansali
M a r c h 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 5
India in Austria
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 Eintritt frei. Spenden willkommen! www.austro-indian.at
Fundraising Event for "Matru Chaya" with classic Indian Dance April 1st, 2011 - 19:00 Akku Kulturzentrum,4400 Steyr,Färbergasse 5
April 2nd, 2011, 19.30 Uhr Chamäleon, 4020 Linz, Museumstrasse 7
Karten: Akku Steyr; Chamäleon Linz www.natyamandir.at
Talk Series "Zu Gast bei Elisabeth Al-Himrani" Nr. 76 - Surya Kumar Bose, Director, BIT
April 7th, 2011 - 19:00 Herrengasse 6-8, Stiege I, 10. Stock, Tür 57 , 1010 Wien Eintritt frei. Spenden willkommen! www.austro-indian.at
Agenda
March/April 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
The Spirit - Kathak Dance Performances Klagenfurt - March 18th - 19:30 Messearena / Halle 5
› Admission: €15 / Reduced: €12
Pre-sale available at RUEFA Reisen (0463 56400, DW10) Graz - March 19th - 20:00 Volkshaus Graz / Lagergasse 98a
› Admission: €15 / Reduced: €12
Reservations: 0699 1025 9961 More info: indiacentergraz.at Wien - March 20th - 17:00 Akzent Theater Theresianumg.18
› Admission: Categ.A: €22,
Categ.B: €18, Categ.C: €14,
Categ.D:€10
More information and online tickets: www.akzent.at India Handicrafts Fair March 25th to 30st Heldenplatz, 1010 Vienna
› FREE ADMISSION
› 50 exhibitors from India
showing Indian Fashion Jewellery and Accessories, Indian Textiles and Decorative Items
India Experience LIVE!
March 25th to 30th Ethnology Museum Heldenplatz, 1010 Vienna
› FREE ADMISSION
› LIVE craftsmen, artists, music
and dance performances
› Indian Delicassies catered by
Restaurant Nirvana Indian Food Festival
March 15th to 31st Radisson Blue Palais Hotel Vienna Parkring 14-16 - 1010 Vienna
› Daily Lunch Menu (12:00 to
14:30) €14/person incl.
Mangolassi
› Daily Dinner Buffet (18:00 to
21:00) €24/person
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 before March 15 via email at: [email protected]
Seminar on Indian Classical Dance - "Tradition and its challenges in accommodating modernity" March 16th, 18:00 Key-note speaker:
Mrs. Leela Venkatraman AULA Campus der Universität Wien Spitalg. 2, Hof 1.11 - 1090 Vienna Registration mandatory via email at: [email protected] Seminar on Indian Music - "Manganiars of Rajasthan: hereditary musicians in an era of globalization" March 21st, 18:00 Key-note speaker: Dr. Shubha Chaudhuri AULA Campus der Universität Wien Spitalg. 2, Hof 1.11 - 1090 Vienna Registration mandatory via email at: [email protected] Indian Film Week March 18th to 24th 'De France' Cinema Schottenring 5 - 1010 Vienna
› FREE ADMISSION
Reservations required at www.votivkino.at(reservations start on March 10th)
The Indian Embassy looks forward to seeing you at the
Festival of India 2011 More infos at www.indianembassy.at