Chamber’s Activities · Mr. Girish Ramachandran Mr ... 3rd Floor, Y B Chavan Centre ... It gives...

SECTORAL COMMITTEES

Mr. S.K. SarafPresident

Mr. Anupam JohriVice President

Dr. Benno Lueke

Vice President

Mr. Avinash Batra

Mr. C. Saccani

Mr. Chandramowli Srinivasan

Mr. Dinesh K. Lal

Mr. Girish Ramachandran

Mr. Harsh Jajoo

Mr. Joiel Akilan

Mr. Krishna B. Kotak

Ms. Laura Prasad

Ms. Neera Saggi

Mr. R. Mukundan

Mr. Rana Kapoor

Mr. Shreyas Doshi

Mr. Pratap Bhogilal 1991 1992

Mr. N.K. Nayar 1992 – 1993

Mr. B.R. Sule 1993 – 1994

Mr. H Brenneiser 1994 – 1995

Mr. S.M. Datta 1995 – 1997

Mr. Karel R. Ehrnreich 1997 – 1998

Mr. M.Y. Noorani 1998 – 1999

Mr. Manfred Knoll 1999 – 2000

Mr. Jasu Shah 2000 – 2001

Mr. Tomas Dwrvye 2001 – 2002

Mr. K.C. Mehra 2002 – 2003

Mr. Jeroen Nijsen 2003 – 2004

Mr. A. K. Nanda 2004 – 2005

Mr. Robert Green 2005 – 2006

Mr. Atul Bhagwati 2006 – 2007

Mr. Paul Haegeman 2007 – 2008

Mr. Dinesh K. Lal 2008 – 2009

Mr. Rana Kapoor 2009 – 2010

Mr. R. Mukundan 2010 – 2011

–

COUNCIL'S BOARD MEMBERS

Editorial Team

Dr. Renu Shome – Director & Editor

Mr. Prasad R Patil

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The Council of EU Chambers of Commerce in India.

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Disclaimer

The News items and information published herein have been

collected from various sources, which are considered to be

reliable. However, readers are requested to verify facts before

making business decisions using the same.

President's Message 2

Chamber’s Activity 3

Country Focus 10

Diplomats Corner 14

The Durban Deal To Combat Climate Change 20

New Members 22

EU News At A Glance 27

India News At A Glance 28

Business Opportunities From Austria 30

• Climate Change, Energy, Technology

Dr. Ram Babu, Chairman

Mr. Vikas Gadre, Co-Chairman

Dr. Ishwar Hegde, Co-Chairman

• Skill Development & Education

Mr. M. N. Chaini, Chairman

• International Trade

Mr. N Shankar, Chairman

PAST PRESIDENTS

IN THIS ISSUE

1

software business. Many Indian software players are setting up shops in Poland. There is a great attraction synergy between

Polish and Indian companies for trade, business and culture.

Hon'ble Rafal Baniak, Deputy

Minister of Economy, Republic of

Poland before starting his speech

thanked all the organizers for

organizing an Event on Indo-Polish

Economic Ties. He mentioned that

Poland is considered to be one of

the leaders in EU. During the last two decades Poland

accounted for 200 million Euros Foreign Direct Investment. The

Special Economic Zones offered by Poland has been

appreciated by the Investors. India accounts for 26% of Foreign

Direct Investment in Poland. Poland recently occupied 6th

position among the top ten most attractive countries for

investments. He welcomed the Indian companies to Poland to

make strong presentations. He mentioned about the 14 SEZ's

which offer special incentives such as Tax Vacation, exemption

from real estate tax, free assistance in dealing with formalities

relation to the investment. He mentioned that the exports from

India have grown 3 times bigger over the years. He stated that

better presence of Indian companies in Poland helps to increase

bilateral trade and investment between both the countries. He

also stated that the presence of Indian companies in Poland too

is increasing e.g. Can Pack, Bella Premier Happy Hygiene Care

Pvt Ltd. He stated that both the countries should work towards

increasing the bilateral trade relations between each other. In his

concluding remarks, he invited all the Indian Companies to

Poland to take the advantages of what it has to offer.

Mr. Ryszard Sznajder, President

of the Polish – Indian Chamber of

Commerce stated about the MOU

signed between The Council of EU

Chambers of Commerce in India

and the Polish – Indian Chamber of

Commerce to promote trade and

investments between the two regions through mutual co-

operation. He mentioned that the goal of both the Chambers is

to promote and merge business between India and Poland. He

also stated that the right way to promote business and

investments between both the countries is to find some sort of

collaboration between the potential sectors of the 2 countries.

The Council of EU Chambers of Commerce in India along with

the Consulate General of the Republic of Poland in Mumbai and

Embassy of the Republic of Poland in India – Trade and

Investment Promotion Section organized Business first –

strengthening Indo – Polish Economic Ties on November 9,

2011 at the Sunset Lounge, Trident Hotel Mumbai. The Event

was co-organized by the Indo – Polish Chamber of Commerce.

H.E. Prof. Piotr Klodkowski,

Ambassador of Republic of

Poland to India thanked all the

present and the Chambers for

organizing the Indo-Polish Seminar.

He stated that Polish Presidency

has got new energy into EU. It is

very important for Poland to deal and tackle issues which

obstruct bilateral trade and investment between the two regions.

He mentioned that Indian Investments are growing in Poland

and Poland is also offering serving as a top class tourist

destination for India e.g. Bollywood.

Mr. S. K. Saraf, President of the

Council of EU Chambers of

Commerce in India in his address

welcomed Mr. Rafal Baniak, Deputy

Minister of Economy, Poland, H.E

Prof Piotr Klodkowski, Ambassador

of Republic of Poland to India and

Mr. Ryszard Sznajder, President of

Polish – Indian Chamber of Commerce for their presence. He

also thanked all the present at the Event. He mentioned about

the well established historic foundation for trade ties with

Poland. The bilateral trade between India and Poland grew 11

times between 1992 and 2008. He mentioned that Poland has a

strategic location and is a gateway to East Europe. It is one of the

most vibrant economies in Europe and has fared a lot better

compared to other economies of Europe. Poland offers great

business interest to India and the presence of Indian Inc's in

Poland is increasing. There are many potential business sectors

for tie-ups between India & Poland that needs to be explored.

From a business landscape trade between the two countries is

good and has a lot more potential to grow. Apart from the

traditional goods and services that are trade between the two

countries, there are many other products and services which

can be bilaterally traded. One of such significant sector is the

SEMINAR ON “BUSINESS FIRST – STRENGTHENING INDO – POLISH ECONOMIC TIES”

WITH PARTICIPATION OF HON'BLE RAFAL BANIAK, DEPUTY MINISTER OF ECONOMY OF

THE REPUBLIC OF POLAND AND BUSINESS DELEGATION

3

S. K. Saraf President

Dear Readers,

It gives me immense pleasure to present to you the sixth edition of the Council's Bi-Monthly Newsletter “Business Pulse”.

In the last couple of months, the Council has tried to promote trade and business relations between India and EU through its

Event and Activities. On November 9, 2011 the Council organized Seminar on Business First – Strengthening Indo – Polish

Economic Ties with participation of Hon'ble Rafal Baniak, Deputy Minister of Economy of the Republic of Poland and Business

Delegation. The Seminar was followed by Business to Business Meeting which proved to be very useful to the Business

Representatives attending the Seminar. On November 17, 2011, the Council along with The Indo-Belgian-Luxembourg Chamber

of Commerce hosted an Interactive Meeting with H.E Mr. Gaston Stronck, Ambassador of Luxembourg to India. The

Ambassador spoke about the Current scenario in Luxembourg and the Indian-Luxembourg Financial and Economic relations

along with mutually beneficial possibilities for bilateral trade. On November 25, 2011, the Council hosted an Interactive Meeting

with H.E Mr. Janusz Wach, Consul General of the Republic of Poland in Mumbai who gave an overview about the Polish Economy.

The Newsletter carries an in-depth Report on the Proceedings of all the Activities organized by the Council.

In this issue, the Council has chosen Austria as part of the country focus as it believes Austria has a lot to offer in terms of Trade

and Business Potential. The Chamber visited Austria during its Trade Delegation to Central Europe in the Month of May 2011, and

is keen on increasing the bilateral trade relations between the two regions. The Newsletter includes the Interviews of

H.E.Mr. Dinkar Khullar, Ambassador, Indian Embassy in Vienna and Mr Hans-Joerg Hoertnagal, AUSTRIAN TRADE

COMMISSIONER, Austrian Trade Commission, Austrian Embassy - Commercial Section, in the Diplomat's Corner Section.

Keeping in view the responses to our Trade Leads, we have included exciting Business and Investment opportunities from

Austria. The Newsletter also carries an Article on The Durban Deal to Combat Climate Change by Mr. Anupam Das-Purkayastha,

Director, General Carbon Advisory Services Ltd. Through the “EU & India News at a Glance” section we hope to keep you

updated on the latest and relevant news which is invaluable for doing business.

I would like to express my sincere appreciation to all the Member Companies of the Council and look forward to their continued

support and co-operation in the future activities organized by the Council.

Thank You!

Sharad Kumar Saraf

President

2

PRESIDENT'S MESSAGE CHAMBER’S ACTIVITY

4

SEMINAR ON “BUSINESS FIRST – STRENGTHENING INDO – POLISH ECONOMIC TIES”

WITH PARTICIPATION OF HON'BLE RAFAL BANIAK, DEPUTY MINISTER OF ECONOMY OF

THE REPUBLIC OF POLAND AND BUSINESS DELEGATION

CHAMBER’S ACTIVITY CHAMBER’S ACTIVITY

The ongoing joint-venture wave between companies of the two

countries is one of the best ways to promote bilateral trade

relations. He welcomed all the present members to come to

Poland for exploring the business potential.

H.E Mr. Janusz Wach, Consul General of the Republic of

Poland in Mumbai mentioned that

the process of privatization in

Poland has bought greater source

of revenue for Poland. The inflow of

new companies in Poland has been

on the rise. Foreign companies

investing into Poland is increasing

because of the many advantages Poland offers to its investors.

One of the major reasons why it attracts investment is because

of geographical location. It is the biggest country in Central

Europe and serves as an ideal platform for trading activities.

Population wise Poland is more populous than other countries in

Central Europe. It has a good and well educated young

population who are ready to enter any sort of business relations.

The skilled workforce that Poland offers is also one of the major

reasons which attract foreign investment. The Economic

Standing of Poland is one of the best in Europe. The Polish

Economy is diversifying and showing signs of dynamic

development. Poland also offers a vibrantly increasing

consumer market. Its role in EU's foreign trade is also very

commendable.

Mr. Noel Pascal, Sales Manager, Can-Pack India spoke about

“How Polish Companies can do

business in India”. He stated that for

successfully doing business in

India the key is to produce world

class products, think globally act

local ly, thinking Win-Win in

customer – supplier- employee

relationships. He stated that to be successful in India there is a

need to focus on greater customer relationship. He mentioned

that the 2 major challenges faced by Can-Pack while doing

business in India are:-

1) Socio - Cultural Challenges

2) Socio – Economic Challenges

Socio Cultural Challenges can be encountered by a) Gaining

Trust of Government, Customers, Suppliers and Employees

b) Building Customer Relationships by making customers feel special all the time c) Complexities of Handling a very high

speed precision oriented automated line for which proper and

continuous training and development has to be provided to the

Indian staff d) Technical Support for trouble shooting the

problems encountered at the time of production.

Socio – Economic Challenges can be encountered by a) Well

Equipped Infrastructure b) Working Closely with Customers for

long term co-operation and benefit so as to overcome low

paying market c) Low market penetration of cans was

overcome by highlighting the advantages of cans over other

packaging substrates via the press, word of mouth and trade

exhibitions.

Bella Premier Happy Hygiene Care Pvt. Ltd. The Executive

mentioned that Bella Premier is a Joint Venture between the

Polish Company TZMO SA and Indian Company Premier Group.

Bella Premier is a manufacturer and distributor of highest quality

modern hygiene and medical products. The Manufacturing

activity takes place in Tamil Nadu and it operates through 4 sales

offices in South India viz:- 1) Chennai 2) Bangalore 3) Kochi 4)

Hyderabad. It services 5 hospitals with its products and employs

1000 people. The production team comprises personnel from

India, Russia and Poland. It is also majorly into exports outside

India. She stated that the company uses State of the Art

European Technology, Fully automated & Controlled Process

where products are not touched by hands and the use of best

raw materials. About the future plans of the company she

mentioned Newer Investments in new lines of hygiene, new

projects in medical division, and a new factory in North India.

Mr. Sanjay Kapote, CEO & Board Member, Escorts Farmtrac

Tractors Europe gave a brief overview on Doing Business in

Poland. He stated that Agri

machinery is Escorts Core

Business since 1960 and Escorts

has an installed capacity for

producing 72,000 tractors per

annum. Escort employs around

7000 people in India. The company

has newly upgraded R & D facilities which are focused on

custom designing products for global markets. About the

company's presence in Europe and Poland, Mr. Kapote

mentioned that the company has a dealer network of 54 dealers

in Poland and 15 distributors all across Europe. The company

has around 50 vendors in Poland and 10 in the rest of Europe.

The company enjoys 6th position among 32 brands of tractors

present across Poland. On Doing Businessin Poland, he

attributed the company's success to a few factors like working

the Zone Managing Company, Highly developed region. The

WSEZ has been ranked as 3rd in Europe as one of the most

attractive places to invest in the world.

Industrial Development Agency

IDA succesfully operates on Polish market for 20 years: at the

end of 2010 the Agency's equity portfolio included shares in 100

individual companies, 20 of which are for sale. Financial

institution granting financial support to enterprises in the form of

loans, guarantees or capitalization of companies. It supports

restructuring and privatization processes. Its activities include

Loans and guarantees for the large and medium-sized

enterprises, Restructuring and rescue programs for enterprises,

Management of special economic zones in Tarnobrzeg and

Mielec. The major investors in the Area are Philips, LG,

Goodrich, WB Electronics, Sikorsky, etc.

Interactive Meeting with H.E.Mr.Gaston Stronck,

Ambassador of Luxembourg to India

The Council of EU Chambers of Commerce in India along with

The Indo-Belgian-Luxembourg Chamber of Commerce hosted

an Interactive Meeting with H.E Mr.Gaston Stronck,

Ambassador of Luxembourg to India, on November 17, 2011 at

Y B Chavan Centre, Mumbai.

Ambassador spoke about the Current scenario in Luxembourg

and the Indian-Luxembourg Financial and Economic relations

along with mutually beneficial possibilities for bilateral trade.

Mr. S.K. Saraf, President, The Council of EU Chambers of

Commerce in India in his welcome address thanked the

Ambassador for his presence and spoke about the possibilities

of increasing bilateral trade between India and Luxembourg.

The President's speech was followed by Mr. Dinesh Lal's

speech, Past President, Indo-Belgian-Luxembourg Chamber of

Commerce who introduced the Ambassador and his

Credentials.

with Local employees who are hard working and skilled, enjoyed

benefit of Poland being the low cost manufacturing place in

Europe, Understanding of Polish culture and aligning FTES

strategy, Understanding of Polish customers and their needs,

Making the Company's plans based on Poland – EU agricultural

subsidy programs, Developing local network of dealers and

vendors , making them partners in the growth story of FTES,

Team working – Organizing regular meets in Poland and India

with FTES teams and FTES dealers, Positioning the Company's

Products as Polish Products from a Polish tractor manufacturing

company.

Ms. Iwona Grajewska, Director, Pomeranian Special

Economic Zone spoke about the Investment opportunities in

Pomeranian Region in Poland. Pomeranian Special Economic

Zone is a part of territory of Poland in which business may be run

on special conditions. Entrepreneurs that obtained permit may

run business activities without being subject to full payment of

income tax. The major investors in the region are Sharp,

Bridgestone, JABIL, Plastica, Polpharma, etc. The SEZ turns the

Green Fields into investment areas within six months, retaining

the world standards. It cooperates with local authorities,

regional economic, scientific and cultural environment to

provide their customers fast, relevant and accurate information.

The entrepreneurs having the permit to do business in the PSEZ

are exempted from income tax due to: a)investment costs

specified in a permit and/or b) level of employment specified

in a permit. Minimum value of investment costs is EUR 100,000.

Mr. Wojciech Morel, Vice President, Walbrzych Special

Economic Zone (WSEZ) spoke about the Investment

opportunities in Walbrzych Special Economic Zone in Poland.

He stated that WSEZ is administratively separated part of the

Polish territory, designated for running business activity under

preferential conditions. Started in the year 1997, it has almost

15 years of experience in creating attractive investment

conditions for entrepreneurs. The major investors in the region

are Uflex Group, Toyota, General Electric, Electrolux, Bosch,

Bridgestone, Colgate-Palmolive, Lotte, Ronal, Mando, NSK,

Faurecia, Metzeler, Marcegaglia and IBM. The SEZ offers

investments in Green Field area where over 800 hectares of

investment sites dedicated to green-field investment. It offers

Industrial Properties and Office Spaces designated for service

activity such as Business Process Outsourcing. The WSEZ

offers system of tax exemptions and other incentives, wide offer

of investment grounds, Interesting offer of industrial properties,

Atractive labour market, Comprehensive assistance ensured by

5

L to R: Mr. S.K. Saraf, President, EU India Chambers, H.E. Mr.Gaston Stronck,Ambassador of Luxembourg to India, Mr. Dinesh Lal, Past President,

Indo-Belgian-Luxembourg Chamber of Commerce.

H.E. Mr.Gaston Stronck, Ambassador of Luxembourg to India

gave an overview of the Luxembourg Economy. The

Ambassador informed that Luxembourg recorded a 3.5% GDP

growth in the year 2010. The Flitch Rating Agency accredited an

AAA rating to Luxembourg and described the Economy as a

solid government balance sheet with low gross public debt and

sizable fiscal reserves. He described Luxembourg as a world

class financial centre. The Luxembourg Stock Exchange is

ranked no.1 in Europe for International Bonds. It comprises 260

captive reinsurance companies. About the bi-lateral trade

between India and Luxembourg the Ambassador mentioned

that Luxembourg offers flexible solutions for Indian Companies

to raise capital abroad. Around 150 Indian Companies have

invested in Luxembourg. Luxembourg offers an Gateway to EU

Market of 450 million consumers. 79% of Europe's GDP is within

a 500 miles radius of Luxembourg. It is one of Europe's most

dynamic regions, commercially neutral and offers a large

regional labor pool. Financial Services is one of the Key sectors

in the Luxembourg Economy. It comprises 142 banking

institutions including major US and Swiss banks. It has also

developed itself as a financial hub for Asia, the Middle East and

Latin America. There are around 3,322 investement funds in

Luxembourg. Luxembourg is also a key player in the ICT &

Media Services sector. A few major players in the ICT sector are

SES, RTL, Millicom Cellular International, Rakuten (Japan),

Vodafone (UK), Apple iTunes, Skype, eBay, PayPal. Luxembourg

is also a popular economy for the Manufacturing and Logistics

sector. A few big foreign companies in these sector are

ArcelorMittal, Goodyear, DuPont, Guardian Industries, Delphi,

Ferrero, Cargolux, China Airlines, Kuehne & Nagel. The major

reasons why Investors choose Luxembourg for Investment

purpose is that the Economy offers Political, economic & social

stability, Legal predictability, Easy access to authorities,

Business consultation & tradition of dialogue, Quick decision

making. Luxembourg also offers a very competitive Tax

environment. The Corporate Income Tax is 29.63% which is to be

reduced progressively to 25.50%. The Value Added Tax charged

is 15% which is the lowest rate in the EU. Also the personal

income tax charged is 38.65% which is among the lowest in EU

& OECD countries. 80% of net revenues from certain IP revenues

exempted, including from software patents, trademarks,

designs, royalties & Internet domain names. For its citizens

Luxembourg offers a totally safe & secure place to live. It enjoys

a high standard of living and relatively low cost of living. It has a

Cosmopolitan environment, Linguistic and cultural diversity,

International schools and Cultural, sports & leisure

infrastructures.

The Interactive Meeting ended with a Vote of Thanks by Mr.

Anupam Johri, Vice-President, The Council of EU Chambers of

Commerce in India. He thanked the Ambassador for presenting

a wonderful overview about the Economy of Luxembourg and

the emerging business opportunities there.

Interactive Meeting with H.E Mr. Janusz Wach, Consul

General of the Republic of Poland

The Council of EU Chambers of Commerce in India hosted an

Interactive Meeting of its members with H.E Mr. Janusz Wach,

Consul General of the Republic of Poland on November 25,

2011 held at Four Seasons Mumbai.

His Excellency gave an insightful overview about the Polish

Economy. From Business Perspective, Poland gives an access

to 250 million people within its 1000 km radius. Poland has a

population of 38 million and is the 6th most populated nation in

the EU. Poland is a member of EU, NATO, OECD, WTO,

Schengen Zone. Its been 2 decades of change since the

Balcerowicz Plan was introduced in 1989 which freed the Polish

markets through the deregulation. The adaptation of new

technologies and accession to the OECD, NATO and EU, have

taught Poles to tackle a change. Poland was also one of the 24

founding members of the United Nations. Poland has

experienced a 7 fold rise in GDP since 1990 and 15 times

growth in its Foreign trade since 1990.

Bilateral trade between India and Poland

There exists lot of potential for growth in trade between India and

Poland. The trade potential between both the countries is not

fully tapped and there exists good opportunity for growth in trade

and business between both the nations. A few important

companies from India present in Poland are Arcelor-Mittal,

Videocon Group, Eskorts Farmtrac Tractors Europe, Strides

Arcolab; Reliance Industries, Berger Paints India, KPIT

Cummins, Zensar Technology; Genpact, HCL Technologies,

Infosys, WIPRO, Irena, Intelenet Globar, CSS. Tata Motors, Tata

Mr. S.K. Saraf, President and Dr Renu Shome, Director of the

Council of EU Chambers of Commerce visited New Delhi between

November 28 and 29, 2011. The objective was to increase the

recognition of the Council, establish goodwill and seek support

from dignitaries related to EU-India relations. During their two- day

visit they made courtesy calls on following Ambassadors and

Diplomats:

BELGIUM- H. E. Mr. Pierre Vaesen, Ambassador, Mr. Mathias

Bogaert, Counsellor (Economic Affairs) and

Mr.Jean-Pierre MULLER, First Secretary-Trade & Investment,

Embassy of the Kingdom of Belgium

GERMANY- Cord Meier-Klodt , Acting Ambassador( Charge

d'Affairs) and Mr. Raf Mildebrath, Minister Counsellor, Head of

Economic and Commercial Section, Embassy of the Federal

Republic of Germany

EUROPEAN UNION- Mr. Pavel Svitil, Minister-Counsellor, Deputy

Head of Delegation and Mr. Peter Young, Head of the Trade &

Economic Affairs , Delegation of the European Union to India

DENMARK- H. E. Mr. Freddy Svane, Ambassador, Royal Danish

Embassy

ROMANIA- H. E. Ms. Valerica Epure, Ambassador and Mr Marius

Roman , Economic Counsellor, Embassy of Romania

SLOVENIA- Mr. Janez Premože, Ambassador and Ms Mojca

Hrovatiè, Minister Plenipotentiary (Economic Affairs), Embassy of

the Republic of Slovenia

SLOVAK- H. E. Mr. Marian Tomasik, Ambassador, Embassy of the

Slovak Republic

SPAIN- H. E. Mr. Javier Elorza, Ambassador, Embassy of Spain

SWEDEN- H. E. Mr. Lars-Olof Lindgren, Ambassador, Embassy of

Sweden

Major outcome of the Meetings:

BELGIUM

The Council of EU Chamber will look into the possibility of opening

the India Trade Centre (ITC) in Liege, the largest metropolitan area of

Wallonia Province, Belgium which is being projected as an

important logistic hub of Western Europe. The local authority of

Province Wallonia is providing several incentives for attracting

business and investment. Liege. This will increase exports to EU

countries and more particularly to Western Europe. ITC will provide

assistance and facilities to Indian exporters particularly from SME

sector to reach the markets of Western Europe.

Ambassador suggested getting in touch with his colleague

Mr. Eduard Van Kleunen at the Belgium Consulate General in

Mumbai and working out the details,

Tetley, Tata Consultancy Services, Jindal Stainless Ltd. India's

Foreign Direct Investment in Poland has grown from 14.1 million

USD in 2005 to 44.3 million USD in 2009 whereas the Polish FDI

in India has grown from 5.3 million USD in 2005 to 141.8 milion

USD in 2009. Poland's export to India was to the tune of 334.23

million USD in the year 2010 whereas imports from India were to

the tune of 977.36 million USD in 2010. Polands major exports to

India are Base metals and articles of base metal (iron and steel),

Machinery and mechanical appliances, Products of the

chemical or allied industries. Poland's major Imports from India

are Textiles and textile articles, Products of the chemical or allied

industries, Machinery and mechanical appliances, Mineral

products, Vehicles and associated transport equipment.The main areas of potential co-operation between India and

Poland are Non- conventional energy source (solar & wind

energy & bio-fuels & shale gas, Environment protection (water

management, waste-water purification), Mining and

infrastructure equipment (port equipment), Chemicals

(inorganic, organic, dyestuff, pesticides), Industrial products

(machines & technological equipment, auto and electrical

components), Information technology (hardware & software &

BPO), Health care (pharmaceuticals, medical equipments),

Agriculture (dairy products, milk processing equipments,

agricultural products).

There are many state aid provided for setting up businesses in

Poland. The forms of state aid in Poland are Government grants

through individual negotiations individually approved and

granted based on the Council of Ministers' Resolution, CIT

exemption in Special Economic Zone only available in Special

Economic Zone (SEZ), Real estate tax exemption subject to

negotiation with the local authorities only in case if the investor is

the owner of the building(provided by the Commune Council),

Cash grants available through EU Funds. The reasons why

people prefer to choose Poland an attractive destination from

investment perspective, it has one of the most dynamic capital

market, great human potential, it enjoys a very good position in

Europe as far as reading market is concerned. Since 2008,

Poland has undertaken a National Privatisation Programme. The

Programme comprises over 800 companies. Currently, there are

14 SEZs in Poland, each consisting of several subzones. The

purpose of SEZs is to support regional development. The Total

area of all SEZ is 20, 000 hectares. The SEZ's will operate until

2020 and the minimum investment is EUR 100,000.

The Interactive Meeting ended with a Vote of Thanks by Mr. S. K.

Saraf, President, The Council of EU Chambers of Commerce in

India. He thanked the Consul General for presenting a wonderful

overview about the Polish Economy and the emerging business

opportunities there.

7 6


L to R: Dr.Ing.Benno Lueke, Vice – President, EU India Chambers, Mr. Tomasz Wisniewski, Consul for Economic Affairs, H.E Mr. Janusz Wach, Consul General of the Republic of Poland,

Mr. S. K. Saraf, President & Dr. Renu Shome, Director, EU India Chambers

ROMANIA

Ambassador mentioned about the Romanian- Indian Economic

Joint Committee Meeting to be held in Bucharest early next year.

She requested Council to help in mobilizing the participation of

Indian Companies interested in doing business with Romania by

participating in Business Forum.

SLOVENIA

Ambassador mentioned about the officially launch of Honorary

Consul for Republic of Slovenia in Mumbai very soon. Mr Sanjay

Patel has been appointed as Honorary Consul.

SWEDEN

Ambassador informed about the presence of Swedish Trade

Council India and Swedish Chamber Of Commerce operating from

embassy. He requested to get in touch with them and agreed to

provide their details. The Swedish Trade Council in India supports

Swedish companies wanting to establish themselves, or grow, on

the Indian market. The Swedish Chamber is an independent, non-

profit networking organization with the mission to promote Swedish

commercial interests in India. Member companies include the vast

majority of the large Swedish companies and a number of small and

middle sized companies operating in India.

Meeting with Mr Rajeev Kher, Additional Secretary, Department

of Commerce, Government of India

President briefed about his plan to organize an exhibition abroad

and requested for consideration of financial support from

Government under a Marketing Development Assistance (MDA)

Scheme which is under operation through the Department of

Commerce to support the export related activities. In response Mr

Kher mentioned the proposal can be sent to him for consideration

Meeting with the Northern Region Members of the Council ofEU Chambers of Commerce in India

A Meeting of Delhi and surrounding areas based members was

convened to discuss the activities which could be undertaken by the

Chamber to benefits the members. After the discussion it was

unanimously decided to appoint Convener & Co- Convener for the

northern region of the Chamber. This will help to understand the

needs of its Member Companies better and extend its support and

co-operation in the best possible way.

Mr. Shivaz Monga, Executive Director, Emmsons International

Limited has been appointed as the Convener and Cavalier

Surendra Kumar, Partner, Pi-Tech Services and Mr. Rajeev Kamal,

CEO, Raymus Conventions and Travels as Co-Conveners for its

Chapter in North India. The Appointed Convener and Co-Conveners

have a vast experience in the field of International Trade and

Business Development.

GERMANY

There was a suggestion from officials of German Embassy that they

have colleagues in embassy who are working on various sectors

and they can be contacted for Council's Sectoral Committees for

e.g. Mr. Jan-Axel Voss, Counselor deals with questions of energy

efficiency, renewable as well as climate change, environmental

policy incl. biodiversity and clean development mechanism and

Mr. Ulrich Meinecke, Counselor deals with questions of vocational

training, skills development and social questions. In terms of

international trade committee they would be interested in updates in

particular as to negotiations on the EU-INDIA Free Trade Agreement

from the Council.

DELEGATION OFFICE

It was requested to Delegation Office to provide the list of various

Chambers of Commerce located in the different EU Member States

and also involve Council of EU Chamber in organizing major

activities related to Indo-EU trade & business. The officials

informed that upcoming Business Summit, which will take place at

the same time as the next EU-India bilateral Summit on February

10, 2012, which is being jointly organised by CII (backed by FICCI)

on the Indian side and Business Europe on the European side. They

agreed to provide the details of Business Europe with whom EU

Chamber can get in touch. Also President discussed about the

proposed plan of Chamber to organize a joint Seminar on Renewal

Energy in March 2012 with European Business & Technology Centre

(EBTC). The delegation officials agreed to provide support to

proposed programme.

They also informed that the EU Delegation website has included a

link to the Council of EU Chambers from the "Doing Business in

India" page of the website “

(http://eeas.europa.eu/delegations/india/eu_india/trade_relat

on/doing_business_in_india/index_en.htm)

Apart from briefing about the activities of the Chamber, President

also talked about the availability of space at the Chamber which

could be utilized as temporary office, address facility including

receiving mails and communications and helping in setting up

business in India. DENMARK

Ambassador informed about the presence of The Confederation of

Danish Industry and The Indo-Danish Business Association

(IDBA) in New Delhi.

The Confederation of Danish Industry is the premier lobbying

organization for Danish businesses on national and international

issues and The Indo-Danish Business Association (IDBA) was

created with the vision of strengthening and deepening the

commercial relations between Denmark and India. He requested

Chamber to get in touch with them and agreed to provide their

details.

The Council was offered complimentary booth and the Exhibition

was represented by Cavalier Surendra Kumar, Partner, Pi-Tech

Services and Mr. Rajeev Kamal, CEO, Raymus Conventions and

Travels who were recently appointed as Co-Conveners for

Northern Chapter of EU Chambers of Commerce in India. It was

one of the Largest Exhibition on Architecture, Building Material &

Construction Design held in recent times. The exhibition was

primarily for Architects, Builders, Interior Designers and related

professionals and individual prospective/house owners looking

to upgrade their knowledge on renovating their homes. Large

sized hoardings illustrating the various aspects of life and of

building construction surrounded all the pavilions. Thousands of

visitors, including builders, designers, architects, and the end-

users attended the fair. Many of the exhibitors had huge stands

related to modern building materials and products meant for use

in hotels, restaurants, buildings, and households. The tenor of the

fair showed the rising spending capacity of modern India and the

change in taste of the people for modern things.

Appointment of Convener and Co-Conveners for Northern

Chapter of the Council of EU Chambers of Commerce in India

The Council is happy to inform that it has started a Chapter in

Delhi representing the Northern India Region. The Council has

appointed Mr. Shivaz Monga, Executive Director, Emmsons

International Limited as Convener and Cavalier Surendra

Kumar, Partner, Pi-Tech Services and Mr. Rajeev Kamal, CEO,

Raymus Conventions and Travels as Co-Conveners for its

Chapter in North India. The Appointed Convener and Co-

Conveners have a vast experience in the field of International

Trade and Business Development. The Council believes that this

initiative will help it to understand the needs of its Member

Companies better and extend its support and co-operation to its

Members in the best possible way. The Convener/Co-Conveners

c a n b e c o n t a c t e d t h r o u g h e m a i l o n

[email protected].

ACETECH Exhibition at Pragati Maidan on December 16-18

2011 at New Delhi

The Council of EU Chambers of Commerce in India took part in

the ACETECH Exhibition at Pragati Maidan, held on December

16, 17 and 18, 2011 at New Delhi. The Ace Tech Expo 2011 was

presented by Economic Times.

9 8


THE COUNCIL OF EU CHAMBERS OF COMMERCE IN INDIAAdvertisement Tariff- Business Pulse

Size of Publication: 8.25”x11.75” (A4) | Size of Advertisement: 7”x11”Advt. Material Requirement: Soft Copy-PDF or CDR Format with CTC Fonts

Position (Rs.)

Full Page 15,000 60,000

Second Cover 25,000 100,000

Inside Back Cover 25,000 100,000

Central Spread (2 Pages) 40,000 160,000

Back Cover 35,000 140,000

Single Insertion(Rs.) Six Insertion

For Details contact: Dr. Renu Shome (Director)

The Council of EU Chambers of Commerce in India | 3rd Floor, Y. B. Chavan Centre,Gen. J. Bhosale Marg,Nariman Point,Mumbai – 400 021

Tel: 22854563/22876012 (D) • Fax: 22854564 • Email: [email protected]

The Council is happy to Announce that Mr. Harsh Jajoo, President & CEO, Can Pack India Pvt. Ltd. &

Governing Board Member of the Council representing the Indo- Polish Business Committee & has won the

prestigious Praj Maha-Intrapreneur Award. The Award was instituted by Praj industries Limited in

2008.The award in its 4th year endeavors to recognize individuals with Intrapreneurial skills within industry,

NGOs and government organizations, who undertake the responsibility of converting ideas into profitable

ventures. Intrapreneurs are those managers who are result-oriented, ambitious, rational,competitive, with

high risk taking ability and inquisitive mind. The Council wishes Mr.Jajoo its heartiest congratulations and

hopes he continues on his path of success and excellence.

Achievement

Mr.Harsh Jajoo

National Economics

In the context of economic development in Europe, Austria can

boast above average growth and one of the highest employment

rates. Austria is among the most stable countries in the world.

Inflation rates are low, the increase in national debt has been

succesfully reduced and there the target of a balanced budget is

within reach. An array of measures have been implemented to

stimulate growth through liberalisation and privatisation and to

secure the fu ture through socia l system reforms.

Austria has been a member of the European Union since 1995 and

is fully integrated into the common market. GDP (Gross Domestic

Product) per capita is at EUR 34,120 (2010 nominal), putting Austria

under the top ten within the EU as well as world-wide.

For 2011 a 3.2% increase of Austria's GDP is predicted.

Foreign Trade

2010 was a prosperous year for Austria's foreign trade after the

massive fall in 2009. Both imports and exports grew by

approximately 16% in comparison to the previous year but have not

recovered to their 2008 highs. The trade deficit has, however,

increased to €4.26 billion.

In 2010, exports from Austria increased by 16.5% to €109.19 billion.

Austria's main destinations for Exports are Germany, accounting for

32% of total exports from Austria, Italy (8%), Switzerland (5%) and

the USA (5%). Europe is the destination of 82% of Austria's total

exports. Asia accounts for another 9% (30% of which goes to China,

10.5% to Japan and 6.7% to India) and America for 7% of the total

(65% of which goes to the USA).

Imports to Austria increased by 16.3% to €113.45 billion in 2010.

The Republic of Austria (Republik Oesterreich) is located in

southern Central Europe. With an area of 84,000 sq. km and 8.4

million population, it encompasses the Eastern Alps (2/3rd of its

area) and the Danube Region. Austria has been at crossroads of

travel routes between the major European economic and cultural

regions. Austria is land locked, sharing borders with 8 countries:

Germany, Czech Republic, Slovakia, Hungary, Slovenia, Italy,

Switzerland & Liechtenstein. Austria is a federal state comprising 9

provinces: Burgenland, Carinthia, Lower Austria, Salzburg, Styria,

Tyrol, Upper Austria, Vienna and Vorarlberg.

Climate

The average temperature in summer is around 20°C with maximum

temperatures of around 35°C. In winter temperatures can be as low

as –15°C, although the average is around -4°C. There can be

especially heavy snowfall in the mountain regions. Highest rainfall is

in May and June.

Bodies of Water

The most important waterway is the Danube. The largest lake is the

Neusiedel Lake in Burgenland - around 77% of its total area of 315

km² is in Austria, the rest is part of Hungary. The Attersee Lake has

an area of 46 km², the Traunsee is 24 km². Also a part of Lake

Constance (Bodensee), 24 km², lies in Austria (from a total area of

536 km²).

Raw MaterialsThe raw materials mined in Austria are Iron ore, Lignite (brown coal),

Crude oil and natural gas, Magnesite, Silica sand Gypsum, Lead

and zinc ore, Graphite and kaoline.

Salt mining also plays a significant role and another key raw material

from Austria is wood.

Salzburg : Electrics, wood and paper, nationalservices in wholesale and transport.

Vorarlberg : Textilies, clothing.

Carinthia : Wood, pulp and paper industry.

Styria : Automobiles, iron and steel, manufacturing.

Tyrol : Glass, Wood.

Vienna : Financial Services.

Science and Technology

Innovation is a priority for Austria and their expenditure on research

and experimental development (R&D) in 2011 increased by 5.0%

over 2010 to reach 8.29 billion Euros. This is 2.79% of Austria’s GDP.

The private sector finances the largest part (44.6% or 3.70 billion

Euro) while the public sector will contribute 38.7% or approx 3.21

billion Euro. Of this, the federal government will finance 2.73 billion

Euro, the regional governments around 394 million Euro and local

governments, chambers and social security institutions will

contribute about 87 million Euro. 16.2% will be financed from

abroad and 0.4% (approximately 35 million Euro) comes from the

private non-profit sector. The funds from abroad (ca. 1.34 billion

Euro) originate mostly from international enterprise groups whose

domestic affiliates in Austria perform R&D. This also includes

backflows from the EU R&D Framework.

INTERNATIONAL RELATIONS

Austria is not only a member of many international

organisations, it also hosts their headquarters. This underlines

the importance of Austria and Vienna with regard to

international relations.

Membership of International Organisations

Austria has been a member of the European Union (EU) since

1.1.1995. In addition Austria is also a member of the following

organisations: UN (United Nations), World Bank Group, OECD

(Organisation for Economic Co-operation and Development),

OSCE (Organisation for Security and Co-operation in Europe),

WTO (World Trade Organization) / GATT (General Agreement on

Tariffs and Trade), IMF (International Monetary Funds), WHO (World

Health Organisation)

Main origins of imports are Germany, which is the source of 44.82%

of Austria's total imports, Italy (7%), Switzerland (5%) and China

(5%). 83% of Austria's imports come from Europe, 11% from Asia

(45% of which is from China, 14% from Japan and 7% from

Kazakhstan) and 4.3% from America (68% of which comes from the

USA).

Export Economy

As Austria is an industrial country with a small domestic market, theexport economy is particularly important.

2010 saw moderate growth for Austrian exports with a rise of 16,7%.

The value was therefore EUR 109.4 billion and the export quota

(product and service exports as a percentage of GDP) was at

55,3%. In comparison to the previous year imports also increased

and are at EUR 113.7 billion. The most important product groups for

export are Mechanical engineering and terotechnology, Vehicles

and automotive parts, Medical and pharmaceutical products, Iron,

Steel and metal goods, Paper and cardboard.

Austrian exports are also heavily influenced by service exports, withtourism taking first place in this sector.

Industrial Sectors

The most important industrial sectors in Austria are Food and

Drinkindustry, Mechanical and Steel Engineering, Chemical and

Automotive industry, Electrics and Electronics industry and Wood,

Pulp and Paper industry.

The majority of Austrian goods exports come from these industrial

sectors.

Trade Partners The most important trade partners are Germany, Italy, Switzerland,

USA and France.

Austria's proximity to Central and Eastern European states is a key

factor in the increasing significance of trade and the economic

networking with these countries. The share of Austrian exports in

these regions reached 17,8% in 2010.

Key regional sectors

The key economic sectors for each region:

Upper Austria : Iron, steel, chemical and mechanicalengineering.

Area : Capital :

Population : 8.375 million Currency : Euro

Official Language : German Geographic Coordinates : 47.20 N, 13.20 E

Head of State : President Dr. Heinz Fischer GDP-composition Sector-wise - Agriculture 1.9%;

GDP per capita - € 33,850 (2010) Industry28.7%; Services : 69.4% (2010)

83,858 sq.km. Vienna

FACT SHEET

1110

COUNTRY FOCUS - AUSTRIA COUNTRY FOCUS

Schönbrunn Palace (Vienna),

Hohensalzburg Fortress Salzburg

Prater with Giant Ferries Wheel

Vienna Opera House

Austria

Most important import products from India:

Engineering products and Vehicles 27%

Clothing and Accessories 24%

Chemical Products, Pharmaceuticals & Plastics 15%

Textiles 8%

Shoes 7%

Food 4%

Others 15%

Austrian companies / Joint-Ventures in India (Put side by

side in bullet points or numbers)

•Electromechanical equipment, turbines•Engineering services

for the steel sector • Production of turnouts and switches

•Production of industrial boilers • Research for engine

development and emission measuring • Automotive

transmission, automotive engineering • Production of

automotive wires • Production of pearls • Production of wind

generators • Railwaytrack-maintenance machines • Production

of printed circuit boards • Production of electronic chips Special

alloy tools • Road tolling systems • Austrian Airlines (Vienna –

Delhi, Vienna – Mumbai) • Trenchless relining of drainage

systems and canals • Waste-to-energy cogeneration •

Pharmaceuticals • Brick production • Food additives

Since 1959, over 200 collaborations, including 100 technical

collaboration more than 100 joint venture agreements/

subsidiaries between the two countries at present.

Some of the recent Joint Ventures and subsidiaries are:

•ALPLA-Werke Alwin Lehner GmbH & Co.KG with Yodeva

Plastics Pvt. Ltd.•Jafra with Farida •Elin EBG Motoren GmbH

with Suzlon Energy Ltd. •Magna Donnelly with Lumax

Trends in Investment & Trade and Future Prospects

between Austria and India

I. Indo-Austrian Trade

2009 (Euros) 2010 (Euros)

Austrian Exports 560.4 mn. - 8,8% 654,9 mn. +16,9%

Austrian Imports 439.4 mn +5,3% 483.2 mn. +9,9%

Trade Volume 999.8 mn. 1,1bl

* advanced estimates

Austria – India External Trade 2004 - 2010

Austria's most important export goods to India:

Engineering Products and Vehicles 50%

Iron and Steel15%

Chemical Products, Pharmaceuticals & Plastics 12%

Mineral Products 6%

Meters, Test Equipment, Control Devices 4%

Others13%

• The Amalgamated Bean Coffee Trading Company Ltd

(ABCTCL), which owns the popular retail chain, Café Coffee Day

opened its fourth outlet in Vienna. Wipro Technologies acquired

the Austrian firm NewLogic, a semiconductor design services

company.

• India's Shilpa Medicare bought Austria's LOBA Feinchemie,

specialist in active pharmaceuticals ingredients, organic

intermediates and biochemical diagnostics.

• Maini Precision Products (MPP) recently completed the

acquisition of Austria based Mec.com and its subsidiary Precis

metal based in Zilina, Slovakia through Maini Precision Products

Holding in Spain

• Club Mahindra Holidays made its first overseas acquisition by

buying the 97 room 4 -star Hotel Bon Alpina in Innsbruck.

High Potential Business Cooperation Areas

• Automotive • Railways • Infrastructure (energy, tunnelling,

bridges) • Iron & Steel • Food Processing • Garments/Textiles

• Chemical/Pharmaceuticals/Plastics • Tourism

High Potential Product Areas For Cooperation

•Machinery/plants &equipment •Automation /control / testing /

measuring • Special steel/metals•Electrical Eng. &

Electronics•Technical Know-how•Green Technologies /

Alternative Energies •Waste Management

New Forms Of Cooperation

Besides the traditional exports/investments there is a lot of new

and unutilised potential in Austro-Indian trade relations that in

the form of new cooperation such as

•Technology transfer •Joint production and marketing in India

and in third countries •Joint R&D •Network building •BPO/KPO

Automotive Systems. •Palfinger with Western Auto L.L.C

(Dubai) •Wipro Technologies have taken over Austrian high-

tech company NewLogic •Café Coffee Day is opening three

more outlets in Austria •Wienerberger aunches first Indian

manufacturing unit •Cargo-Partner for logistics •Ebner India

Pvt. Ltd. opens in Mumbai •Advantage Austria opens

commercial office in Dhaka •Alba Tooling and Power Spack •

Geoconsult opened office in Gurgaon • Bohler India opens

New Warehouse in Khopoli •W&H Gruppe established

subsidiary W&H India •Weiss/Rohling with Tricon

„Weiss/Rohlig India Pvt Ltd“ in Chennai •Julius Blum with

Haefele India Pvt. Ltd. in Mumbai •Trodat opens subsidiary in

Gurgaon, New Dehli “Trodat Marking India Pvt. Ltd” •MHM

Siebdruckmaschinen with M-Tex “MHM India Pvt. Ltd”,

Mumbai •Wilhelm Gottschligg Ges.m.b.H. opens office in

New Delhi •Anton Paar establishes subsidiary in Gurgaon

“Anton Paar India Private Limited” • ALBA Tooling with Power

Spack Pvt. Ltd. •Angerlehner opens up production facility in

Kolkata • Aichelin with Partner Unitherm Engineers Ltd

•Gebauer und Griller opened production unit in Bangalore

•Liebherr establishes subsidiary in Mumbai “Liebherr India

Private Limited”

Austrian FDI in India: EUR 248 million (2010).

Indian Investments in Austria

• The Indian Samvardhana Motherson Group acquired 80% of

the German automotive supplier Peguform Group from Austrian

Cross Industries AG.The value of the transaction is €141.5

milllion

• Bajaj Auto International raised its stake in Austrian KTM Power

Sports in an attempt to tighten its grip on Europe's second-

largest power sports bike manufacturer.

1312

COUNTRY FOCUS COUNTRY FOCUS

50%

15%

12%

6%

4%

13%

27%

15%

8%

7%

4%

15%

24%

Trade and Industrial cooperation have emerged as the

paramount facet of the bilateral relationship. The trade turnover

crossed Euro 1 billion in 2008 – two years ahead of the target

year of 2012 set during President Fischer's visit to India in 2005,

when the figure was Euro 577 million. In 2011 the trade volume

is estimated to exceed Euro 1.3 billion. This increase, especially

during the economic crisis years, shows the remarkable

strength and resilience of our commercial ties.

2. What are the economic sectors in which synergies

already exist and have potential for co-operation for mutual

benefit? What are the emerging sectors of co-operation

between the two countries?

There exist significant complementarities in the strengths of both

countries. While India can benefit from Austria's expertise in

high-tech and clean energy technology, infrastructure, railways

etc., India's considerable strength in the fields of automotive,

pharmaceuticals and IT can be advantageous to Austrian

companies. Our economic and commercial relations are

continuously growing, though they remain much below the

actual potential. Bilateral investments at present are quite low

and have great scope to grow as the business communities of

the two countries engage constructively and more regularly with

each other. Austrian companies can profitably invest in India to

both tap the Indian market as well as to use India as its base for

exports to other countries. Several Austrian companies have

already started benefitting from making early investments in

India.

3. What is your opinion on the Cultural Relations between

Austria and India?

India and Austria are both endowed with rich cultural heritage and there is increasing mutual appreciation of each-others'

1. How have the Bilateral Relations

between Austria and India evolved

over the past decade? How is the

relationship at present?

India and Austria enjoy cordial relations,

the firm foundation for which was laid by

the first generation of political leaders of the two countries. India

and Austria share common values and principles such as the

commitment to democracy, rule of Law and pluralism; both

nations have shared common platforms in multilateral forums in

the common interest of peace and disarmament. The strong

basis of our ties has been built upon and consolidated through

political, economic and cultural exchanges.

A reflection of our expanding ties and growing proximity was the

recent highly successful State visit of Hon'ble President of India

to Austria from October 4-7, 2011. The tone and content of the

deliberations illustrated our close mutual understanding and

established the framework for continued cooperation in wide

range of issues.

Economic cooperation has expanded over the years with a

steady increase in trade as well as numbers of joint ventures

established in India by Austrian companies, including many with

cutting-edge niche technology in areas of interest to us,

particularly in the field of infrastructure (e.g. high altitude

tunneling and railways). Since the signing of the first Indo-

Austrian industrial collaboration in 1956 (for supply of steel

manufacturing technology for the Roukela Steel Plant), the

number of Austrian companies doing business in India has risen

to approximately to 65 with 150 having a representative office in

India in various sectors. During the Presidential visit a MoU in

the field of Railways was signed which will enable technology

transfer to the Indian Railways. We are exploring new areas of

cooperation in diverse areas such as health, roads and science

and technology.

India, a high level business delegation from India engaged

substantively with over a hundred Austrian companies under the

aegis of the Federal Economic Chamber. Frequent exchange of

trade and business delegations is the best solution to

anyidentified challenges or difficulties. The Indian Mission in

Vienna has made efforts to bridge information gaps and

facilitate contacts between business representatives.

6. Could you describe your interaction with your Austrian

Counterparts?

As part of my assignment, I have had engagement with

Austrians in different capacities – political leaders, business

representatives, cultural personalities, scientists and

academics, civil society - representing a cross section of the

citizens of this country. I have invariably found them to be most

helpful and cooperative and well-disposed and interested in

India. In my travels outside Vienna, I have found similar

sentiments expressed towards India and Indians. This gives me

confidence that our relationship is deep rooted and will flourish

in the years to come.

history and traditions. For instance, there is a large following in

Austria for Yoga and Ayurveda ; Indian music, dance and art find

a receptive audience in Vienna and other cultural centres of this

country. Indian cinema, too, has acquired popularity and the

Tirol region has been discovered as a locale for Indian films for

its scenic beauty. Austria is renowned for its opera, classical

music and theater. This not only attracts Indian tourists to

Vienna but has enabled larger number of performances in

different cities of India by Austrian artists, orchestras and

performing art groups.

In 2011 Indian Council of Cultural Relations established a Chair

of Indian Studies at the University of Vienna. This should give a

fillip to academic exchanges.

4. There are a lot of protests faced by both governments on

the finalization of the EU India Free Trade Agreement. What

is your opinion on the FTA? Are you optimistic about the

outcome? How do you think the FTA would impact trade

relations between India and Austria?

The India-EU Broad-based Trade and Investment Agreement

(BTIA) is an advanced stage of discussion. I am convinced that

the finalization and implementation of this Agreement will serve

the common interest of India and the EU alike. It should impart

further dynamism to the positive trends in the overall trade and

investment relationship with Austria.

5. What are the challenges faced by Austrian and Indian

companies while doing business with each other and what

are the measures taken to meet them?

Austrian and Indian companies have several forums to engage

in discussions on any hurdles or difficulties in doing business

with each other. Most recently, during the visit of the President of

15 14

DIPLOMATS CORNER DIPLOMATS CORNER

H.E. MR. DINKAR KHULLAR

AMBASSADOR OF INDIA TO AUSTRIA

Ambassador Dinkar Khullar and Secretary of Textile, Ms. Rita Menon, at the official opening of the

Festival of India, March 2011 in Vienna

President Prathibha Patil with Austrian President (first on the left) and Governor of Salzburg (to the left of the Indian President)

during State Visit to Austria in October 2011.

Rajasthani Dance Performance at the opening of the Festival of India, 2011 at the Ethnological

Museum, Vienna

MOU Signing Ceremony

President of India and Austria with Indian Business Delegation

Rashid Al Leem, Director General Sharjah Department of Seaports & Customs and

Hamriyah Free Zone delivered an inspiring speech at the 2nd International Greentech

and Eco Products Exhibition and Conference Malaysia (IGEM 2011) at Kuala Lumpur

Convention Centre last month. He was the key speaker in the panel discussion

‘Breakthrough in search of the Green Tipping Point –Business versus Sustainability’ on

the first day at the conference.

IGEM is the primary forum for sustainability in Malaysia created by the government to

foster the development of green economy in the country and the region. Set as an

annual event, IGEM seeks to create a vibrant mix of opportunities to help spur industries

and institutions to adopt green technology and boost eco-technological innovations in

the field of eco-design, eco-materials, eco-products and low carbon green

technologies. It also provides a venue for green product buyers and sellers to interact

transact and forge new partnerships and cross border collaboration.

HFZA Director General’s speech focused on the importance of having a global

perspective when thinking through energy-efficient solutions, the challenge to make

businesses and industry as “green” as possible, and the reasons why “sustainability” is

here to stay as a fundamental component of business strategy.

Using Hamriyah Free Zone as an example, Al Leem mentioned the high preference and importance to green sustainability

given at the Free Zone. He also discussed his own model of sustainability by sharing some of the innovative and unique

green and eco-friendly practices he has introduced at the Free Zone.

“HFZ’s current business model has been shaped in thought and practice by adherence not only to Profitability, Society and

Environment – the common triple line philosophy, but includes two more pillars – Religion and Culture, to achieve its goal of

being a truly holistic sustainable Free Zone and to create timeless principles for future generations,” he said.

Sharing some of the green practices he has introduced at the Free Zone, Al Leem said, “We urge companies based at our

Free Zone to start their green strategy with ‘low hanging fruit’ projects, such as replacing light bulbs, launching recycling

programs and choosing more energy efficient technology. These early efforts don’t cost much to implement, get

employees engaged with green ideals and deliver quick results.”

“I feel happy when companies report that these first waste reduction programs created savings early on that paid for future

programs and turned their sustainability program into a moneymaking enterprise,” he said.

Sharing HFZ’s strategy towards becoming a sustainable Free Zone, Al Leem said, “We have created our own “Green Team”

and “SHE-Q club” to create awareness on sustainable practices in the Free Zone. Both organizations have made major

inroads within a year in reaching out to both the QHSE professionals and also to the Grass Root Community in HFZ,

eventually transforming itself into a Change Agent for achieving QHSE & Social Excellence and thereby adding a great

value to both Hamriyah Free Zone and the emirate of Sharjah on a whole. We also support all green growth initiatives of

United Nations.”

Hamriyah Free Zone’s commitment to the sustainable development is long established – this year, HFZA Director General

was given the ‘Global Climate Change Champion’ award for his efforts to make HFZ one of the greenest Free Zone.

Likewise HFZ also awarded ‘Green Excellence Award – 2011’ to its investor companies excelling in green economy and

sustainable development.

“Go Green, Think Green, Act Green”Rashid Al Leem calls for sustainability innovations at IGEM 2011 in Malaysia

Rashid Alleem on “Sustainability in Hamriyah” during the 2nd International

Green Technology & Purchasing Conference 2011, Malaysia

17

conditions for mutual business co-operation in the automotive

industry.

3. What are the challenges faced by Austrian and Indian

companies while doing business with each other and what are

the measures taken to meet them? What is your opinion on the

Cultural Relations between Austria and India?

On the one hand Austrian businessmen often mention obstacles

such as bureaucracy, lack of transparency, infrastructural bottlenecks

as well as hindered law enforcement as burdens when doing

business in India.

On the other hand it might be a big challenge for the Indian business

community to deal with the lack of understanding of the complexity

(size and distances within the country, cultural differences, etc...) and

pace (e.g. Austrians are known for their rigid adherence to time limits

etc..) of the Indian business environment.

What it mostly boils down to are the cultural differences between our

two countries. Just to give a few examples, we.

•Communicate differently, which can lead to misunderstandings to

the point of offence

•Have different ways of taking-in, storing and sharing information

•Have different ways of accepting and passing criticism, either

positive or negative

•Value religion, family differently when they interfere with our

business life etc.

Cultural differences are obstacles not to be underestimated.

However, I am convinced that if we learn from each other and take the

best from each other's culture we can make any collaboration a

success.

4. There are a lot of protests faced by both governments on the

finalization of the EU India Free Trade Agreement. What is your

opinion on the FTA? Are you optimistic about the outcome? How

do you think the FTA would impact trade relations between India

and Austria?

Conclusion of an agreement such as the FTA would considerably

reduce the entrance barriers and enable market access on both

sides: bilateral trade between our two countries might even double

within five years.

We have high hopes that the negotiations will be concluded in the first

half of 2012.

But – FTA or not – our trade is flourishing: From January until

September this year, Austria exported goods worth EUR 612 million –

judging from this development we are confident that Austria's exports

to India will touch the 1 billion mark by 2013.

5. Can you tell us about Austrian investments in India and Indian

investments in Austria and the incentives provided for Indian

investors?

Today there are more than 100 Austrian subsidiaries and joint

ventures in India, with a total investment of around EUR 250 million. Several Indian companies like Cafe Coffee Day, Bajaj Auto Ltd. and

Wipro Technologies have, in turn, invested in Austria.

6. What are the similarities in ideologues between Indian and

Austria?

India and Austria cannot be more different – however, when it comes

to doing business we both share the same motivation and

enthusiasm and follow the same goal: SUCCESS

1.How have the Bilateral Relations

between Austria and India evolved over

the past decades? How is the

relationship at present?

India and Austria enjoy a friendship that

spans more than six decades of their

existence as modern nations. Austria was

among the first countries with which

independent India established diplomatic relations in 1949.

Historic and long-standing relations exist between our two countries.

The world's first LD steel-making plant ever implemented outside

Austria was built at Rourkela in 1958. Another technology from

Austria, the COREX route of pig iron production, is in operation in

Karnataka.

Today, bilateral trade between the two countries is thriving: The trade

volume between Austria and India touched a new high of EUR 1 billion

last year. Austrian exports to India reached a record figure of EUR

654.9 million, a rise of 17% as compared with the previous year, and at

the same time Austrian imports from India rose to EUR 483.2 million,

an increase of almost 10%.

2. What are the economic sectors in which synergies already

exist and have potential for co operation for mutual benefit? What

are the emerging sectors of co operation between the two

countries?

Synergies between our two countries emerged especially in the

infrastructure sector: Austrian companies are already heavily

involved in major infrastructure projects in India: We build highways,

metro- & railway tunnels, railway bridges and much more...

For Example:

The first 6-lane toll highway in India from Jaipur to Kishangarh in

Rajasthan was equipped with a traffic monitoring and toll system by

Efkon AG and a section of the National Highway No. 8 was fitted with a

modern toll system by Kapsch TrafficCom AG.

Early this year Alpine Bau completed tunnelling and construction of

two stations on the Delhi Airport Link from the city centre to Indira

Gandhi International Airport. It is also currently engaged in the

construction of a water tunnel for the Tapovan-Vishnugad power plant

in Uttarakhand,

Strabag AG was recently awarded a contract worth EUR 83 million by

the Delhi Metro Rail Corporation to build a 3.2 km long tunnel and two

underground railway stations. The Austrian company is also

participating in the construction of the 8.8 km long road tunnel under

the Rohtang Pass in Himachal Pradesh scheduled to be completed

by the end of 2015.

Geoconsult is currently working on the detailed design consultancy

and construction supervision of the Pir Panjal Rail Tunnel project, the

first tunnel in India which is constructed in accordance to the

principles of the New Austrian Tunnelling Method. Other projects of

this company include design and consultancy services for Delhi

Metro Phase I and Phase II and the Strategic Crude Oil Storage

project in Vishakhapatnam.

Austrian firms carry out such projects in cooperation with Indian

companies as well as on their own.

We see a high potential for cooperation in the automotive sector in the

future with India as one of the fastest growing automotive markets in

the world and Austria with its long-standing high-end engineering

expertise and its state-of-the-art technology - these are ideal

DIPLOMATS CORNER

18

MR. HANS-JOERG HOERTNAGL, AUSTRIAN TRADE COMMISSIONER

AUSTRIAN TRADE COMMISSION, AUSTRIAN EMBASSY - COMMERCIAL SECTION

THE DURBAN DEAL TO COMBATCLIMATE CHANGE

term (post-2020) plan for climate change. Investors see in Durban

the hope of there being a regulatory continuity needed to secure

investments into emission reduction projects including CDM type

projects.

Second Commitment period under Kyoto Protocol

With the political agreement amongst countries in Durban, there is

going to to be a second commitment period under the Kyoto

Protocol. This implies that for developed countries there will be a

legally binding commitment to reduce emissions for the period 2013

– 2017 or 2013 to 2020. (The exact end year 2017 or 2020 is going to

be decided in 2012.)

This was one of the immediate requirements for the climate change

mitigation activities under UN process in developing countries to

continue. Not only, will it serve to bring back confidence in the UN

mandated climate combat mechanism, which is required for new

investments in emission mitigating activities - it will serve to clear

regulatory hurdles which would have been imposed on uptake of

certified emissions reductions from projects into EU ETS.

While extending the Kyoto Protocol to its second commitment

period, an addition (NF3) has been made to the list of greenhouse

gases whose reduction is acknowledged to aid combating

anthropogenic climate change.

Durban Platform for Enhanced Action

The Ad Hoc Working Group on Long-term Cooperative Action

(AWG-LCA) - a subsidiary body under the UN convention of climate

change - was set up pursuant to Bali Action Plan in 2007. This body

was tasked to come up with the world's long term cooperative plan

for combating climate change. It has been decided in Durban to

extend by a year the period for it to continue its work - after which it

will be terminated.

A decision to form a subsidiary body under the United Nations

Framework Convention on Climate Change, called Ad-Hoc Working

Group On the Durban Platform for Enhanced Action was arrived at

by negotiating parties in Durban. It was decided to launch a process

through this subsidiary body. The objective of the process is to

develop a protocol or another legal instrument or an agreed

outcome with legal force which is applicable to all parties -

developing countries as well as developed countries. The time set

for development of the alternative to the Kyoto Protocol is until 2015

so that the new instrument/protocol/outcome with legal force can be

implemented in 2020.

This is an important development - as for the first time, in climate

change combat negotiations, the developed and developing world

European Union has been a key player in the world's efforts at

mitigating climate change and so has been India. With diverse roles

assigned to developed and developing countries by the Kyoto

Protocol under United Nations Framework Convention on Climate

Change, on the basis of the principle of historical responsibility and

equity, Indian investors have been voluntarily undertaking emission

reduction projects generating Certified Emission Reductions

(CERs) and entities in European Union (also those in other

developed nations) have been buying these to partially meet their

legally binding emission reduction target. A thriving market of

carbon credits specially during 2008-2009 resulted in expanding

investor interest in Clean Development Mechanism (CDM) projects

which are the means to generate CERs.

Since 2010 the impending post-2012 regulatory uncertainty with

regards to Kyoto Protocol began to have a telling effect. At stake

were the investments already made into CDM projects in the

developing countries. CDM Projects originate from mandate

provided to countries under the Kyoto protocol. Under this protocol

developed countries (Annex 1) took a legally binding commitment

to reduce greenhouse gas emissions and the developing countries

voluntarily undertook emission reduction activities. The first

commitment period under the Kyoto Protocol comes to an end in

2012. For CDM to continue there had to be an international

agreement incorporating necessary regulatory measure to create a

demand for CERs.

Investor confidence in Clean Development Mechanism (CDM)

projects in developing countries were at an all time low in 2011 in the

run up to the climate meet in Durban. The annual high profile

climate meet which is formally known as Conference of Parties

(COP) is that major international meet under UN convention where

the directions of world's co-operative effort at meeting the

challenges of climate change are decided. The 17th meeting of

COP (COP17) was held in Durban in November-December 2011. In

the wake of the 15th and 16th COP meeting in Copenhagen and

Cancun, which failed to produce any firm measure to remove the

post-2012 uncertainty, there was immense skepticism about the

outcome at Durban.

Some of the key decisions arrived at in Durban spans - a second

commitment of Kyoto Protocol from 2013 to 2017 or from 2013 to

2020, Durban Platform for Enhanced action, Green Climate Fund. At

Durban international negotiators seem to have paid heed and

delivered the political agreement needed to drive climate change.

The COP in Durban produced some key decisions which should

serve to repose faith in the UN mandated process to combat climate

change. The Durban decisions give CDM a new lease of life and

marks important shifts in the world orientation to working out a long

At Durban, TEC has been requested to further elaborate its

modalities on linkages with other relevant institutional arrangements

inside and outside the convention and to do so in line with the

agreed outcome in Durban.The role of TEC spans (a)Analysis and synthesis spans key areas

such as (b) Policy recommendations (c) Facilitation and catalyzing

(d) Linkage with other institutional arrangements (e) Engagement of

stakeholders (f) Information and knowledge sharing;

Although not much has been achieved on this front yet on ground,

for concerted action laying the foundation of integrated climate

action in the future, the technology mechanism has to operate full

hog to achieve the tooling necessary in the developing world for all

out climate combat action.

Adoption of important rules and guidelines on Land Use,Land-use

Change and Forestry also has been an important development in

Durban.

Going Forward

The path of international co-operative climate action is long drawn

and involves complex negotiations. The annual climate

conferences set up tracks on which negotiations proceed with the

aim of finally delivering the cooperative framework, the resources

and the means to combat climate change. The conference at

Durban has been remarkable in the sense that it has resurrected

hope while opening up new tracks for negotiation on post-2020

format of international action on climate combat. It will be interesting

to see to what extent this boosts clean technology activities in the

immediate term and how much more complementary measures are

needed to salvage plummeting carbon price, particularly against

the backdrop of doubts about the economy in developed world.

Durban meet has demonstrated the political will of the developing

and developed world to remain engaged in the fight to deal with

climate change. Durban has perhaps put developing country

entities on a notice to prepare for changes in response to the

change in emission combat architecture. For developed countries,

the flexibility in approach of the developing countries would perhaps

signal that it is time for them to further commit to deeper emission

cuts and commit towards making available climate finance on a

timely as well as sustained basis.

The author is Mr. Anupam Das-Purkayastha, Director, General Carbon

have agreed to work towards a climate change combat regime

which can put similar legally connoted mandate to reduce

emissions on all parties. If similarity of the mandates on countries in

terms of legal provisions is what is finally adopted, then the quantum

of emission reduction that each country is required to undertake will

only be available to bear out the principle of equity. How this finally

plays out and what shape the final mandate on countries takes will

depend on the outcome of intense international negotiations which

will start in 2012.

Climate change combat actions which are on the table until now are

not enough to restrict temperature rise to the desired 2degree

Celsius limit. The need to undertake deeper cuts in emissions, in

order to bridge the gap that exists between the target emission and

the emission cuts that are underway, has been emphasized in the

Durban platform for enhanced action. The decision to launch a

work plan on enhancing mitigation ambition with a view to closing

ambition gap is noteworthy.

Green Climate Fund

The Green Climate Fund (GCF) was established in Cancun as a

source of finance for climate change mitigation and adaptation

activities. There has been some inching forward on the Green

Climate Fund. The Conference of Parties in Durban designated the

Green Climate Fund as an operational entity of the financial

mechanism of the United Nations Framework Convention. The

governing instrument for the GCF has been adopted.in the Durban

conference, clearing way for work to begin on set up of the board of

the fund, administrative facilities, policies and procedures of the

fund.

For the fund to become a significant catalyst in the mitigation and

adaptation activities in developing countries, line of sight on

sources of the promised USD 100billion a year, is required to be built

up. The current pledges to the fund from a handful of countries

amounting to USD50 odd million needs augmentation.

Technology Mechanism

The conference of parties under the UN convention on climate

change at its 16th meeting (COP16) decided to establish

Technology Mechanism to enhance technology development and

technology transfer to support climate change mitigation and

related adaptation efforts. Technology Executive Committee (TEC)

and Climate Technology Center & Network are key elements

conceived within the Technology Mechanism. The conference in

Durban adopted the modalities of Technology Executive Committee

and its rules of procedures.

2120

THE DURBAN DEAL TO COMBATCLIMATE CHANGEAnupam Das-Purkayastha Anupam Das-Purkayastha

Name :

Designation : Founder/Managing Director & CEO

Address : 9th Floor, Discovery of India Bldg.

Nehru Centre,Worli,

Mumbai - 400018

Tel : 022-66699006/66699153

Fax : 022-24900314

Email : [email protected]

Web Page : www.Yesbank.in

Activity : Banking

Mr. Rana Kapoor

Yes Bank Ltd

Name :

Designation : Managing Director

Address : 614, Laxmi Plaza, Laxmi Industrial

Estate, Andheri (W), Mumbai - 400 053

Tel : 022-26392212/13

Fax : 022-26392214


Web : www.saltexports.com

Activity : Salt,Silk & Sulphur

Mr. Anand Prakash Choudhari

Dadi Impex Pvt.Ltd

Name :

Designation: Managing Director

Address : Unit 7, Neelkanth Shopping Arcade,

R.C. Marg, Opp.Fine Arts Society,

Chembur, Mumbai - 400 071

Tel : 022-25242877

Fax : 022-25246343


Web Page : www.brindavangroup.in

Activity : Architects,Interiors/Energy/Construction

Mr. V. Prashant

Brindavan Energy & Infra Pvt. Ltd

Name :

Designation : Partner

Address : Orbit Plaza,2nd Floor

New Prabhadevi Road

Mumbai - 400025

Tel : 022- 66272500

Fax : 022-27571655


Web Page : www.skgroup.com

Activity : Narrow Fabric(Yarn)

Mr. Nitin K. Motani

S.K.Exports

Name :

Designation : Director Finance

Address : 3rd Floor, Y.B. Chavan Centre

Nariman Point, Mumbai - 400 021

Tel : 022-22818198

Fax : 022- 22846394


Web Page : www.medcindia.org

Activity : Trade & Promotion Organisation

Mr. V.T. Pai

Maharashtra Economic Development Council

Name :

Designation : Executive Director

Address : 216, Swastik Chambers, Sion-Trombay Road, Chembur Mumbai - 400 071

Tel : 022-42323232

Fax : 022-42323242


Web Page : www.mecordsindia.com

Activity : Technical Textiles,Yarns & Chemicals

Mr. Ajit G. Mehta

Mecords India Ltd

Name :

Designation : Jt.Managing Director

Address : 13, Western Industrial Estate Ltd.

MIDC, Andheri (E),

Mumbai - 400 093

Tel : 022-40773737

Fax : 022-28210853


Web : www.ushagarments.com

Activity : Garments

Mr. Suresh Khemlani

Usha Garments Mfg. Co. Pvt.Ltd

Name :

Designation : Chief Executive Officer

Address : A/2, Parekh Mahal, 80 Veer

Nariman Road, Churchgate

Mumbai - 400 020

Tel : 022-22885888

Fax : 022-22885222


Web : www.zenithrubber.com

Activity : Rubber Products

Mr. Aamir M. Vohra

Zenith Industrial Rubber Products Pvt.Ltd

Name :

Designation : Director

Address : 21,Sugar Market Building, 104/114,P.D'mello Road, Mumbai - 400 009

Tel : 022-23480639/23488639

Fax : 022-23485679


Web Page : www.mukund.com

Activity : Mfg.& Exporters of Brass & SS

Builders Hardware

Mr. Dinesh M. Thakkar

Mukund Overseas

Helma Solutions India Pvt.Ltd

Name :


Address : 6, Vallabh Nagar Soc.1, Nimish Apartment , Juhu Scheme Road,

No.5, Vile Parle (W), Mumbai- 400 056

Tel : 022-26310350/66929152

Fax : 022-66929154


Web Page : www.yashoindustries.com

Activity : Food Antioxidants,Chemicals,

Raw Materials

Mr. Parag Jhaveri

Yasho Industries Pvt.Ltd

Name :

Designation : General Manager

Address : 501, Casablanca, Plot No.45,

Sector 11, CBD Belapur,

Navi Mumbai - 400 614

Tel : 022-27571633

Fax : 022-27571655


Web Page : www.innovaxis.com

Activity : Design Services

Mr. Rohit Vedi

Innovaxis (India) Pvt. Ltd

Roots Organics Pvt.Ltd

Name :

Designation : Proprietor

Address : A/12, 1st Floor, Narayan Plaza,

26-A, Chandivali Road, Andheri (E)

Mumbai - 400 072

Tel : 022-42603000

Fax : 022-28475445


Web Page : www.nrkindia.com

Activity : Apparels

Mr. Rakesh Kabra

NRK Overseas (India)

23 22

NEW MEMBERS NEW MEMBERS

Name :


Address : Golden Enclave, Tower -A,

Airport Road, Bangalore - 560 017

Tel : 080-66609000/66609611

Fax : 080-25275756


Web Page : www.titanworld.com

Activity : Watch Manufacturer

Mr. Bhaskar Bhat

Titan Industries Limited.

Name :


Address : 601, City Plaza, Dandia Bazar

Baroda – 390 001

Tel : 0265-2438918

Fax : 0265-2438575


Web Page : www.koshambh.com

Activity : Textiles,Engineering,Goods,Chemicals

Mr. Rajesh K. Ahuja

Koshambh Multitred Pvt.Ltd

Name :

Designation : Founder & Chairman

Address : 15/3, Maskati Court, Queens Road,

Mumbai - 400 020

Tel : 02222031406

Fax :


Web Page :

Activity : Organic Farming,R& D,Food Processing, Consulting

Mr. Ram Agarwal

Name :

Designation : CEO

Address : 17, Aga Abbas Ali Road, 2nd Cross,

Ulsoor Road, Bangalore – 560 042

Tel : 080 - 41237470

Fax :


Web Page : www.helma-international.com

Activity : HR Consultancy

Mr. Ghislain De Rengerve

Name :

Designation : CEO & Director

Address : A-31, TTC Industrial Area, MIDC,

Khairane Navi Mumbai - 400 709

Tel : 022-27780718/19

Fax : 022-27780720


Web : www.accutestindia.com

Activity : Research Activities

Dr. Satish Vitthal Sawant

Accutest Research Laboratories (I) Pvt.Ltd

Sun Export Private Ltd

Stoll India Pvt.Ltd

Name :


Address : 243, Transport Nagar,

Kanpur - 208 023

Tel : 0512-2615615/2616677

Fax : 0512-2600253


Web Page : www.kings-international.net

Activity : Mfg./Exporter of Leather Products

Mr. Taj Alam

Kings International Ltd

Name :


Address : Vanguard House, 148, 2nd

Line Beach Chennai - 600 001

Tel : 044-24998203/04

Fax : 044-24998201


Web Page : www.ibclimited.co.in

Activity : Barytes

Mr. K.Rajamohan Reddy

IBC Limited

Name :


Address : Unit No.2, A/2, Shah & Nahar Ind.

Estate S.J.Marg, Lower Parel (W)

Mumbai - 400 013

Tel : 022-24940775

Fax : 022-24973391


Web : www.operaclothing.com

Activity : Woven & Knitted Garments

Mr. Chandrakumar T. Jain

Opera Clothing Pvt.Ltd

Zen Engineering

Intergrated Services Point Pvt.Ltd

Jaynik Engineers

Rama Industries Ltd.

Name :


Address : 806/206, Unique Tower,

Behind Patel Auto, Off.S.V.Road,

Goregaon (W), Mumbai - 400 062

Tel : 022-28777704/2877767

Fax : 022-28773944


Web Page : www.lotusinternational.com

Activity : Pharmaceuticals

Dr. Omprakash Jagnani

Lotus InternationalKiron Hydraulic Needs Pvt.Ltd

Name :

Designation : Vice Chairperson & Managing Director

Address : Liberty Building, Sir Vithal DasThackersey Marg, Mumbai - 400 020

Tel : 022-22015895/22017130

Fax : 022-22096976


Web Page : www.dai-ichiindia.com

Activity : Mfg.of Surfactants and Specialty &Performance Chemicals for various industries

Ms. S.F. Vakil

Dai-Ichi Karkaria Limited

Sanika Commodities India Pvt.Ltd

Pioneer Extruders Pvt.Ltd.

Name :

Designation : Wholetime Director

Address : Sikkim Commerce House,

4/1, Middleton Street

Kolkata - 700 071

Tel : 022-28777704/2877767

Fax :


Web Page : www.asianteaexports.com

Activity : Exporter of Tea and Importer

Mr. Sunil Garg

Asian Tea & Exports Ltd

25 24

NEW MEMBERS NEW MEMBERS

Name :


Address : 1120, Morya Estate, New Link Road,

Opp.Infinity Mall, Andheri West,

Mumbai - 400 053

Tel : 022-40052264

Fex : 022-40055059


Web Page : www.piogroup.in

Activity : Aluminium Collapsible Tubes

& Machinery

Mr. Kishor Patel

Name :


Address : B/454, Kewal Industrial Estate

S.B.Marg, Lower Parel (W),

Mumbai - 400 013

Tel : 022-66270500

Fex : 022-66270521


Web Page : www.salasargroup.com

Activity : Agri Commodities

Mr. Nikhil Daga

Name :


Address : 7, Readymoney Terrace, 3rd Floor,

Dr.A.B.Road, Worli Naka

Mumbai - 400 018

Tel : 022-24937330/24946674

Fex : 022-24932442


Web Page : www.salasargroup.com

Activity : Machined & Unmachined Castings,

Pumps & Machines

Mr. N.S.Kochhar

Name :

Designation : Chairman & Managing Director

Address : 1120, Morya Estate, New Link

Road, Opp.Infinity Mall,

Andheri West, Mumbai - 400 053

Tel : 022-40052264

Fax : 022-40055059


Web Page : www.piogroup.in

Activity : Aluminium Collapsible Tubes

Mr. Kishor Patel

Name :


Address : 51/52, Free Press House,

Nariman Point, Mumbai - 400 021

Tel : 022-22833355

Fax : 022-22049946


Web Page : www.ramagelatine.com

Activity : Gelatine & Die Calcium

Phosphates

Mr. Haresh D. Ramsinghani

Name :


Address : Plot No.A-269,Road No.33/A

Wagle Industrial Estate, MIDC

Thane - 400 604

Tel : 022-61128900/90

Fax : 022-61128999


Web Page : www.zenengineering.net

Activity : Equipments for water & waste water

treatment

Mr. Parimal Pajankar

Name :


Address : 41/42, Atlanta, Nariman Point

Mumbai - 400 021

Tel : 022-40602000

Fax : 022-22873100


Web Page : www.thesungroup.com

Activity : Raw Cotton, Ghee, Hardware,

Plastic Raw Materials

Mr. B.P. Choudhury

Name :

Designation : Director – Finance & Administration

Address : C-25, Sector - 63

Noida - 201 301

Tel : 0120-4690850

Fax : 0120-4690851


Web Page : www.stoll.com

Activity : Sales & after Sales Service Stoll

Flat Bed Knitting Machines

Mr.Mohan Ganesan

Name :

Designation : CEO

Address : 32, VOC Colony, Anna Nagar East

Chennai – 600 102

Tel : 044-26633600/800

Fax : 044-26633700


Web Page :

Activity : Exporter & Importer of Edible Oil,

Maize & Sugar

Mr.G.K.Badri Narayana Prasad

27

EU NEWS AT A GLANCE

Minister Longuet also declared his satisfaction at the deal, not

least as it will cut their research costs.

The two groups also agreed to boost their affiliate Sofradir,

specialised in infra-red detectors.

European Union leaders to meet on Jan 30

European Council President Herman Van Rompuy said that

European Union leaders will meet on January 30 next year as

diplomatic negotiations began on a pact to tighten euro zone

fiscal controls. Van Rompuy said the summit for the 27-country

bloc would be focused on jobs. He also highlighted the

importance of achieving financial stability in the euro zone.

Van Rompuy said it will be focused on jobs, and that is a big

challenge in the context when zero growth is expected in most of

our economies.We must take strong action on employment.

Bringing financial stability to the euro zone remains absolutely key

for our future.

Pointing to the reforms being made in individual EU countries, he

stated that the path is long, longer than we expected. But let there

be no doubt, there is a fundamental political will to move forward

as a union. We have a moral duty to continue this mission.

Van Rompuy announced the date as a meeting took place in

Brussels between EU diplomats, the European Parliament and

the European Commission to start negotiations on an

intergovernmental agreement to tighten fiscal controls and

sanctions in the euro zone.

Ireland tops the EU for wind energy integration, says EirGrid

The island of Ireland has surpassed the rest of the EU countries

for its wind energy integration. According to EirGrid chief

executive Dermot Byrne, who says Ireland is in a position to

become a global leader for wind energy take-up. However, it will

require open communication from industry stakeholders, he

warned.

Byrne said current estimates predict how the island of Ireland will

reach a level of installed wind generation in 2020 that will be

enough to meet around 37pc of electricity demand. This is greater

than any other synchronous region in Europe over this timeframe.

He stated that while the majority of the 40pc renewable electricity

target will be met from wind generation, Ireland's – and EirGrid's –

work will not stop with wind. Byrne further added that There is

ongoing work to develop a better understanding of the potential

for integrating other renewable sources, such as ocean energy

technology, biomass and waste-to-energy plants.

Read More: http://uk.finance.yahoo.com/news/frances-thales-

safran-optoelectronics-venture-214203328.html

Read More: http://www.moneycontrol.com/news/world-

news/european-union-leaders-to-meetjan-30_636923.html

Read More: h t tp: / /www.s i l iconrepubl ic .com/green-

tech/item/25024-ireland-tops-the-eu-for-win

Eurozone agrees EUR 150 bn IMF bailout boost

BRUSSELS: A eurozone governmental source said the 17-nation

eurozone agreed to lend 150 billion euros ($195 billion) to the

International Monetary Fund for use in stabilising the euro

currencyarea

The source said there is an agreement on a sum of 150 billion

eurosfor the eurozone countries.

The source said the aim was still to reach the 200 billion euros

target set by EU leaders at a December 9 summit, despite a

British refusal to stump up its roughly 30-billion-euro share based

on IMF quotas.

The source said that The other European Union countries are to

take up their positions but they had already "implicitly" agreed to

reach the target designed to leverage a funding boost from other

G20 states.

The source said the EU -- all 27 of which took part in a three-and-a-

half-hour conference call will reach the 200 billion (euros and are)

... progressing towards the 200 billion, that is clear.

During the conference call, Britain's finance minister George

Osborne set down clear conditions for any eventual aid, a London

government official said, adding that the British Treasury "will not

contribute to anything that is only available to eurozone

countries."

The British government source added: "Nor will we participate in

an increase in IMF resources that only comes from EU countries

without the participation of other G20 countries" outside the EU.

France's Thales, Safran in optoelectronics venture

French defence giants Safran and Thales signed a joint venture

deal in optoelectronics, a key high-tech military technology.

Safran chief executive Jean-Paul Herteman and his Thales

counterpart Luc Vigneron signed the deal, sought by the

government, in the presence of French Defence Minister Gerard

Longuet.

The equally held joint venture will focus on the MALE unmanned

drone project with Britain and a future helicopter, with cooperation

both technical and commercial. Both companies claim

leadership in the sector, which covers surveillance systems,

targeting and identification in all weathers and at any time of day.

The government has been pressing the groups for two years to

join forces, not only in optoelectronics, so as to cut research

costs.

Vigneron said that this is a win-win accord which will strengthen

our position in the international markets.

Read More:http://economictimes.indiatimes.com/news/international-business/eurozone-agrees-eur-150-bn-imf-bailout-

boost-report/articleshow/11173018.cms

However, its largest offshore contract is currently underway, with the

company currently commissioning the 30 REpower 5MW wind

turbines for Vattenfall's Ormonde wind farm in the Irish Sea, with a

total rated output of 150MW.

Russia to boost LNG supplies to India

“Russia will significantly boost the supplies of Liquefied Natural Gas

(LNG) to energy-hungry India from 2016”, President Dmitry

Medvedev has announced.

Mentioning the success of ONGC Videsh Ltd (OVL) venture in

Sakhalin-1 offshore oil block, Medvedev, who along with Prime

Minister Manmohan Singh addressed a CEOs' forum of the top

companies of the two countries also expressed Russia's interest in

expanding cooperation with India in hydrocarbons.

OVL has 20% stake in Sakhalin-1, which has estimated reserves of

about 307 million tonnes of oil (2.3 billion barrels) and 485 billion

cubic metres of gas (17 trillion cubic feet).

Medvedev said that Russian natural gas monopoly Gazprom has

inked the memoranda covering major supplies of LNG to India with

several Indian companies.

He said that his country will significantly boost the supplies of LNG

to India beginning 2016.

Gazprom CEO Alexei Miller had last month said the company would

take India's growing demand for LNG into account in its plans to

build export facilities under the Eastern Gas Programme.

In his address to the CEOs forum, Prime Minister Singh said that

Indian companies were interested in oil and gas projects in Russia.

India's gas consumption is projected to witness a 70% increase by

2020.

Ashok Leyland to up stake in UK bus maker Optare to 75.1%

Hinduja Group owned commercial vehicle maker Ashok Leyland is

raising its stake in British bus maker Optare Plc to 75.1% following a

re-financing agreement. Ashok Leyland had acquired a 26% stake

in Optare in July 2010 aimed at a long-term strategic partnership.

The re-financing was achieved with Ashok Leyland facilitating a

credit-line to support Optare's re-banking options and providing a

substantially improved working capital facility for the business.

Optare's CEO Jim Sumner said the re-banking represented a

"defining moment" in the company's turnaround plan, which had

commenced in 2009.

Ashok Leyland sees large opportunities to grow in the global bus

market, helped by access to Optare's technology, including modern

range of city buses.

Vinod Dasari, MD, Ashok Leyland said that, we see this as an

important element in realizing our vision of being among the top 5

bus manufacturers globally. Through leveraging the synergies of

the two companies, we are confident that going forward we will be

able to accelerate technology sharing, develop future-ready

products and substantially and quickly increase our global footprint.

Read More: http://www.moneycontrol.com/news/business/suzlon-

wins-205mw-orderbritain_636734.html

Read More: http://www.thehindubusinessline.com/industry-and-

economy/article2723149.ece

Read More: http://www.moneycontrol.com/news/business/ashok-

leyland-tostakeuk-bus-maker-optare-to-751_637006.html

India-EU FTA to be in final stages by March: European

Commission

NEW DELHI: The European Commission said the India-EU free

trade agreement (FTA) would be in its final stages by the first quarter of next year.

Neelie Kroes, Vice President of the European Commission,

European Union's executive body said that there are couple of nuts

to be cracked That is not a matter of delay. Still the bit has to be

finalised if both the sides are inspired to have an ambitious pact and

India is interested in results and so are we.

Meanwhile, Trade and Economic Affairs Counsellor, Delegation of

European Union to India, Peter Young said that we are discussing

the outcome that will be the core of the deal, we are not talkingabout delay, but we are coming to a conclusion.

He said both the sides are intensively negotiating the best deal and

by the next India-EU Summit, scheduled to be held in February, the

pact would be in the final stages. It is India's most ambitious deal

because EU is its largest trading partner. Annual bilateral trade

between India and EU was around $75 billion in 2009-10. India

ranks ninth on the EU's list of major trading partners.

Kroes also met Communications and IT Minister Kapil Sibal,

seeking India-EU collaboration in the field of ICT. She said that the

meeting is to come to a political dialogue with European

Commission and the Indian government for the development of ICT.

She further added that besides Information and Communications

Technology (ICT), the EU is looking to cooperate in research and

innovation in areas like transport, energy and health. EU is

financing50 million for 35 projects in India.

Suzlon wins 20.5MW order in BritainWind turbine maker Suzlon Energy said its German subsidiary

REpower has signed a deal with the British renewable energy

company Your Energy to supply ten 2.05MW turbines for its

Sixpenny Wood wind farm project.

The company said in a statement issued that this is the first contract

REpower has signed with Your Energy, a subsidiary of AES Wind

Generation, which in turn is a subsidiary of AES Corporation that

operates over 1,800 MW wind capacity around the world REpower

will be supplying 10 MM92 turbines with a rated output of 2.05 MW

which will generate electricity to power nearly 12,000 homes

annually.

REpower England managing director Rick Eggleston said that we

are working with AES Wind Generation for the first time. We have

already installed a number of wind turbines in that area, so we know

that the MM92 machine that we are supplying for Sixpenny Wood is

ideal for the local wind conditions

The installation of the wind turbines will start in mid- 2012 and the

wind farm is expected to be complete by the end of the year, the

release said. Since its launch in 2004, REpower has delivered 36

onshore wind farms in Scotland, England and Wales and one

offshore wind farm, Project Beatrice, in the North Sea.

Read More:http://economictimes.indiatimes.com/news/economy

/foreign-trade/theres-no-delay-india-eu-fta-to-be-in-final-stages-

by-march-european-commission/articleshow/10876888.cms

MAJMUDAR CO.INTERNATIONAL LAWYERS

28

INDIA NEWS AT A GLANCE

Address : Donau, Austria

Tel : +43/ 7233/ 701070

Fax : +43/ 7233/ 701072


Web : http://www.ngr.at

Co-operation sought : Seeking contacts to: - producers of foils, tapes, raffia, fibres, textiles, pipes etc. who are interested in recycling clean production waste.

About the Company : The principal activity of the company is the development and construction of recycling plants to reclaim valuable raw materials from industrial thermoplastic and technical plastic

waste.

Industry to which

the company belongs : Plastic Recycling Parts

Gewerbepark 22, 4101 Feldkirchen a. d.

30

BUSINESS OPPORTUNITIES FROM AUSTRIA

Name :

Address : Bundesstrasse 1a, 4860 Lenzing, Austria

Tel : +43/ 7672/ 912-0

Fax : +43/ 7672/ 912-9


Web : http://www.sml.at/

Co-operation sought : SML Maschinen GmbH seeks contacts to

plastic processing firms requiring extrusion

plant for film, sheeting, multifilament and

extrusion coating lines.

About the Company : SML specializes in developing and building

high-performance extrusion equipment. It

has focussed on the development of cast

film coextrusion lines, sheet coextrusion lines.

Industry to which

the company belongs : Extrusion Technology

Dumitru POP

SML Maschinengesellschaft mbH

Address :

Tel : +43/ 5550/ 201 66

Fax : +43/ 5550/ 201 664


Web : http://www.htw-werkzeugbau.com/

Co-operation sought : Wanted: Direct Customers. The Company

Specializes in in the production of high

performance injection molds in the field of closures

About the Company : htw formen- und fertigungstechnik is a mould

making company that specializes in

manufacturing high performance injection moulds

for the cap closure sector.

Industry to which

the company belongs: Engineered metal products

Zementwerkstraße 26, 6713 Ludesch, Austria

htw formen- und fertigungstechnik e.U.

Address :

Tel : +43/ 2952/ 341390

Fax : +43/ 2952/ 34139 10


Web : http://www.sbi.at/

Co-operation sought : Seeking a distribution partner who can

support sales activities with end-users.

About the Company : SBI is renowned as a worldwide provider of in-

line thickness gauges and automatic systems

for extrusion dies and supplies many well-

known manufacturers of extrusion plant.

Industry to which

the company belongs: Machinery, tools and parts

for the plastics industry

Kaplanstraße 12, 2020 Hollabrunn, Austria

Address :

Tel : +43/ 1/ 599 55-0

Fax : +43/ 1/ 599 55-25


Web : http://www.starlinger.com

Co-operation sought : Seeks contact with producers and large-scale users of woven packaging: sack factories, cement works, the chemical/fertilizer industry, building materials trade. In the recycling sector contacts are sought with the beverage bottling industry, recyclers and plastics processing plants.

About the Company : Starlinger leads the world market in the field of machinery and process technology for woven plastic sack production and PET recycling and refinement.

Industry to which the company belongs : Plastics recycling machinery

and PET solid stating lines

Sonnenuhrgasse 4, 1060 Wien, Austria

Address :

Tel : +43/ 1/ 588 58-0

Fax : +43/ 1/ 586 86 59


Web : http://www.starlinger.com

Services offered : ABA-Invest team offers international investors advice on such matters as: 1)Information about Austria as a place to do business 2)Location search and selection 3)Search for suitable headquarters and properties 4)Company establishment queries, advice and assistance for the establishment process 5)Labour and taxation law queries

About the Company : BA - Invest in Austria is the agency of the Austrian

Ministry of Economics and Labour for setting up

business in Austria

Industry to which

the company belongs : Advisory Services

Opernring 3, 1010 Wien, Austria

SBI Produktion techn. Anlagen GmbH ABA - Austrian Business Agency

Starlinger & Co Gesellschaft m.b.H.

NGR-Next Generation Recyclingmaschinen GmbH

Luxembourg – Your Prime Business Location

Located in the heart of Europe,

Luxembourg is the ideal gateway to

the European market with over 500

million consumers. Due to its

political and social stability, skilled

and multilingual workforce, state-

of-the-art infrastructures, excellent

connectivity to markets, favorable

legal environment and attractive tax climate, Luxembourg offers an

exceptional range of assets and opportunities for doing business in

Europe.

The Luxembourg Government has always pursued a pro-active

economic development policy, making possible for Luxembourg to

become an international financial centre and establishing itself as a

prime business location. Recently the Government has put

emphasis on emerging and innovative technology-based activities

such as ICT, e-commerce, media, automotive components,

materials, plastics, logistics, environmental and health

technologies. The results of this policy make Luxembourg is home

to some of the most successful global companies.

Small is beautiful! The modest dimension of the Luxembourg

economy is the key to explaining its historic openness to larger

markets. The foreign trade is the main vector for economic growth

and more than 80% of the goods and services produced in the

Grand Duchy are exported, almost entirely (up to 85%) to the

European market. Nevertheless, the Grand Duchy will persevere in

its efforts to extend its presence in markets outside the EU in order

to reduce its vulnerability to external shocks and to further develop

through trade.

Luxembourg offers a wide range of assets and opportunities for

doing business in Europe especially for

Indian companies' active in the IT

business for example. Major Indian

players such as Tata Consultancy

Services, Evalueserve and Wipro have

a l ready estab l ished of f ices in

Luxembourg. All in all, the tissue of

Indian entrepreneurs in Luxembourg

has extended in recent years and we are

convinced that many others will follow.

The new Double Tax Treaty signed

recently between India and Luxembourg

is intended to stimulate bilateral trade and it will be a booster for

both the business communities as it creates a favorable framework

to further stimulate our long lasting trade and economic

relationship. Today, more and more Indian companies are

interested in investing in Luxembourg as the treaty offers a

competitive and secure environment to tap into the European

market.

Luxembourg and its strengths:

Research, Development and Innovation: The Luxembourg

Government has set up a research driven University, as well as

Public Research Centres, which are working in close collaboration

with universities just across the border in Belgium, France and

Germany which are working on boosting R&D activities in

Luxembourg.

An international financial centre: Luxembourg plays a key role in

the world financial system. Its investment fund administration sector

is the second largest in the world due to its pre-eminent role in the

European market, services which are also proving successful in

Asia, the Middle East and South America.

Headquarters: Companies active internationally are increasingly

looking to optimise their organisational corporate structure by either

establishing regional headquarters, relocating headquarter

functions or relocating their global headquarters. Through its

b u s i n e s s - f r i e n d l y e n v i r o n m e n t ,

Luxembourg has attracted European

headquarters of many global companies,

while more and more companies establish

also their global headquarters in

Luxembourg.

Logistics: Luxembourg's international

airport is the 5th largest freight airport in

Europe and home base of Cargolux,

Europe's leading all-cargo airfreight carrier.

With its modern and well-equipped air

freight handling facilities, Luxair Cargo offers secure, efficient and

speedy ground handling making Luxembourg one of Europe's most

efficient airfreight hubs.

Media, ICT and e-commerce: Luxembourg is ideally located

between the main European data traffic exchange centres.

Luxembourg can boast one of the best data centre parks in Europe.

Health technologies: Luxembourg has teamed up with two world-

renowned American research institutes as well with the Phoenix-

based Partnership for Personalised Medicine (PPM) initiative, which

will cooperate with local experts from the University and Public

Research Centres on three projects: a biobank, a systems biology

centre and a research cooperation to validate markers for lung

cancer.

Environmental technologies: Significant activity in green

technologies is under way and the Government's "Luxembourg's

Eco- Technology Action Plan” gives local green entrepreneurs

financial and networking encouragement to research ideas in this

potentially revolutionary field.

The automotive components industry: Being at the crossroads

between Belgium, France and Germany, Luxembourg is a

commercially neutral location for component suppliers with a multi-

customer base to deliver their products fast and reliably.

Iron & Steel industry: Luxembourg is known for being an all-round

innovative engineering and technology base for the iron & steel

industry. ArcelorMittal is the world's leading integrated steel and

mining company, with its headquarters in Luxembourg and a

presence in more than 60 countries. Another Luxembourg company

which is also present in India, namely Paul Wurth, supplies state-of-

the art technologies to blast furnaces around the world and also has

expertise in cokemaking projects.

For more information, please visit:

http://newdelhi.mae.lu

http://investinluxembourg.in

Snapshots of Meetings

Director, President, EU India Chambers along with H. E Mr Pierre Vaesen, Ambassador of the

Kingdom of Belgium & Mr Mathias Bogaert, Counsellor (Economic Affairs)

Director, President, EU India Chambers along with Mr Janez Premože, Ambassador and

Ms Mojca Hrovatic, Minister Plenipotentiary (Economic Affairs), Embassy of the Republic

of Slovenia

Dr. Renu Shome, Director, EU India Chambers along with H. E. Mr. Javier Elorza, Ambassador,

Embassy of Spain.

Director, President, EU India Chambers along with Mr. Raf Mildebrath, Minister Counsellor, Head of Economic and Commercial Section

& Cord Meier-Klodt , Acting Ambassador(Charge d’Affairs), Embassy of the Federal

Republic of Germany

Director, President, EU India Chambers along with H. E Mr Freddy Svane,

Ambassador, Royal Danish Embassy

Director, President, EU India Chambers along with Mr Rajeev Kher, Additional Secretary,

Department of Commerce, Government of India

Director, President, EU India Chambers along with H. E Mr Marian Tomasik, Ambassador,

Embassy of the Slovak Republic

Director, President, EU India Chambers along with Mr. Shivaz Monga, Convener, Cavalier

Surendra Kumar, Co-Convener, Rajeev Kamal, Co-Convener of Norther Region of the

Chambers.

Director, President, EU India Chambers along with H. E Mr Lars-Olof Lindgren,

Ambassador, Embassy of Sweden

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