High Commission of India Economic News from India

Dar es Salaam February 27, 2018

Headlines

*India's december quarter GDP growth at 7%

*India-Canada trade grow double in three

years

*India calls for changes in WTO to transform

world economy

*M&M plans to double its electric vehicles

portfolio in 3 years.

*Trade & Investment Enquiries from India

*Duty Free Tariff Preference Scheme

(DFTP) of Government of India

*Forthcoming Events – Tanzania

*Forthcoming Events – India

*Tenders floated by Tanzania as of 27

February, 2018

*Websites for Economic and Business

0pportunities on India

Key Economic Indicators

Forex Rates: 1US$ = Rs. 64.66

1 Euro = Rs. 79.70

(As on 27.02.2018) Forex Reserves: US $ 421.720 billion

(As on 16.02.2018) NIFTY 10,543(As on 27.02.2018) SENSEX 34,330 (As on 27.02.2018)

2

India's december quarter GDP growth at 7%

India's economic recovery is expected to have gathered momentum and GDP growth is likely to grow at its fastest pace at 7 per cent in the December quarter as consumers, businesses and the government stepped

up spending, say two reports from Morgan Stanley and Reuters poll. India's GDP grew by 6.3 per cent in July-September quarter of the fiscal, up from 5.7 per cent in the first quarter . Full article

India-Canada trade grow double in three years

Trade between India and Canada is expected to double to USD 10 billion in the next three years, PHD Chamber of Commerce and Industry said. The statement comes in the backdrop of Canadian Prime Minister Justin Trudeau's ongoing visit to India. India's bilateral trade with Canada grew from USD 1.09 billion in 2001 to USD 5.62 billion in 2016, PHD Chamber President Anil Khaitan said. India's imports from Canada stood at USD

3.65 billion in 2016 whereas India's exports to Canada stood at USD 1.97 billion in 2016 . For full article

India calls for changes in WTO to transform world economy

India called for bringing changes in Geneva-based World Trade Organisation (WTO) to transform the global economy. India has invited representatives from several countries to discuss, debate and "find out ways of how to move forward . Commerce and Industry Minister Suresh Prabhu said that the global trade has benefitted all the nations in terms of creation of jobs and promoting economic activities . article

M&M plans to double its electric vehicles portfolio in 3 years

Mahindra & Mahindra, which plans to invest Rs 800 crore towards product development and capacity expansion in its electric vehicle business, aims to double its portfolio and bring on road at least four new models in the segment in the next three years. Given that incentives under the FAME (Faster Adoption and Manufacturing of Electric Vehicles) Scheme are expected to be there for the duration, the company is predicting massive potential to grow electric vehicle sales. Anticipating higher demand, Mahindra has commenced work towards increasing production capacity for electric vehicles to 60,000-70,000 units a year from the current 5,000. For full article

3

Trade & Investment Enquiries from India

1 (Amit Patel) AB Impex, Gujarat, India

Mob: +91-9586253390

Email: abceraimpex@gmail.com

Looking for: Importers/dealers of ceramic wall tiles , floor tiles , sanitary wares and faucets

2 (M.Muthukrishnan) Junior Engineer, PWD (Rtd) Tamilnadu, India

Email:mmkrishnan42@gmail.com,

Looking for: Importers/dealers of Millet based papad and perfumed insence sticks (agrabathis )

3 (Mateen ansari) M/S Mohmmad Ibrahimm & Sons Up, India

Mob: 0091- 5442- 220643

Email: mateenmd2001@gmail.com

Looking for Importers/dealers of cotton , silk carpets ,kilims , dhurries,rugsmats doormats & coir mats, gift & gift packing items, decorative & handcrafts Products.

4 (Mr. Jaiprakash Rajbhar) Avik Pharmaceutical Ltd. Mumbai, India

Mob: +91-7757985269

Email: jaiprakash@avikpharma.com

Looking for: Importers/dealers of mometasone furoates

5 (Mr. Darshan Chauhan) M/s. Jagdish Enterprise. Gujrat , India

Mob: +919825084448

Email:info@jagdishgroup.in

Looking for: Importers/dealers of puffed rice,wheatflour,cattle/animafeed, dehydrated food, fresh vegetables,grains/cereals, pluses and oil Seeds

6 (Mr. Tarang B Bhojwani) Keshavjivan Export

Gujrat , India

Mob: +91-7574010800/8264487471

Email:info@keshavjivanexport.com

Looking for: Importers/dealers of groundnuts/Peanuts, cumin seeds, spices, edible salt

7 (M.sanjay joshi) Khazana House

Kolkata, India

Mob: +91 9163736161

Email:joshiosanjay@gmail.com

Looking for: Importers/dealers of traditional ladies ethnic wears.

4

India’s Healthcare Portal

The National Health Portal is an authentic and dynamic information source which can effectively be used by any treatment seeker/potential medical tourist from across the globe. At present, the portal covers accredited medical facilities which include medical centres, Ayurveda & Wellness centres and special category centre. Facilities are located in Tier cities and the rest are in Tier II cities. The Healthcare Portal can be seen at http://www.indiahealthcaretourism.com/

Duty Free Tariff Preference Scheme (DFTP) of Government of India

India announced the DFTP Scheme for Least Developed Countries (LDCs) in the year 2008. In order to expand trade with Africa, India amended its Duty Free Tariff Preference (DFTP) scheme to cover around 96 per cent of the tariff lines in April 2014. Only 1.8% tariff lines are under the exclusion list. Duty Free and Positive Lists cover about 98.2% of global exports of LDCs. Tanzania was the first LDC in Africa to convey its intention to join DFTP in June 2008. All formalities for the Scheme were completed and notified in 2009. Details of the DFTP Scheme are available on the following links: i) http://commerce.gov.in/trade/international_tpp_DFTP.pdf

ii) http://www.cbec.gov.in/htdocs-cbec/customs/cs-act/notifications/notfns-2014/cs-tarr2014/cs08-2014

iii) www.focusafrica.gov.in\DFTP_Scheme.html For further information on the DFTP Scheme kindly contact the High Commission of India at www.hcindiatz.org

I. Forthcoming Events – Tanzania * Business Promotion Event in Mtwara (3 March 2018) The High Commission of India will be organizing a business promotion event in Mtwara focusing on India and Mtwara Region in collaboration with Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA), Mtwara from 0900 hours to 1300 hours on Thursday, 3 March 2018 followed by Lunch at NAF Apartment, Mtwara. The event will be attended by the Regional Commissioner of Mtwara Hon. Gelasius Byakanwa and the High Commissioner of India H.E. Mr. Sandeep Arya. During the event there will be presentations on opportunities for business with India and

5

some businesses will share their perspectives. There will be display of certain Indian products at the event. Participation at the event is free of cost. Confirmation of participation may kindly be conveyed over email: mtwaratccia@yahoo.com or Ms. Farida: Mobile: 0655 589 232 (Office Management Administration); or Mr. Juma: Mobile: 0715 630 373 (Business Information & Communication Officer), TCCIA.

*Business Promotion Event in Morogoro ( March 2018) The High Commission of India will be organizing a business promotion

event in Morogoro focusing on India and Morogoro Region in collaboration

with Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA), in March 2018 at Morogoro. During the event, there will be presentations on opportunities for business with India and some businesses will share their perspectives. There will be display of Indian products at the event.

* 7th Arusha Gem Fair (2-4 May 2018)

The Government of Tanzania in collaboration with the Tanzania Minerals Dealers Association (TAMIDA) is jointly organizing the 7th Arusha Gem

Fair (AGF) which is scheduled to take place from 2-4 May 2018 at Mount Meru Hotel, Arusha. The AGF focuses on the development of reliable gemstone markets as well as promoting trade by directly connecting all over the world.

* Kilifair 2018 (1-3 June 2018) The Kilimanjaro tourism and industry fair will be held at Ushirika sports stadium in Moshi on 2-4 June 2017. More information at: http://www.kilifair.de/

* The 42nd Dar es Salaam International Trade Fair (28 -08 July 2018) The 42st DITF will be held at the Mwalimu J.K. Nyerere Trade Fair Exhibition Grounds located along Kilwa Road in Dar es Salaam on 28 June to 8 July 2018. This is the largest trade fair in Tanzania. The Trade Fair provides exhibition space at the International Hall including Other Hall and an Open Area for outdoor space to display products such as machinery. Tanzania Trade Development Authority (TANTRADE)

6

organizes and manages all the affairs of DITF. More information is available at http://tantrade.or.tz.

*Nane Nane 2018 (1-8 August 2018) The annual agricultural exhibitions will be held in different locations of Tanzania. These exhibitions will showcase technologies, innovations and products in the agriculture sector. vailable at http://tantrade.or.tz.. * East Africa Build 2018 (20-23 September 2018) The Instatrade Group, Tanzania and Expo Blue, Netherlands along with Tanzania Private Sector Foundation (TPSF) will be hosting the launch edition of East Africa Build 2018 ( East Africa’s International building materials, Construction equipment, machinery and products Trade Show) from the 29th -23rd September 2018, at Mliman City Conference Centre, Dar es Salaam, Tanzania. India ICT business/firms are encouraged to

participate for further information contacts: P.O Box 3787

Undali Street, Upanga

Dar-es-Salaam, Tanzania

Tanzania: +255 693 304 505

India: + 91 8805 877 477 E-mail: nevilletrindade@yahoo.com web: www.instatradegroup.com /www.nevilletrindade.com

*Swahili International Tourism Expo (5-7 October 2018) Swahili International Tourism Expo is an event being held from 5th October to the 7th October 2018 at the Julius Nyerere International Conference Center in Dar es Salaam, Tanzania. The Expo focuses on inbound and outbound travel business to and within Africa. The event showcases the travel possibilities in Tanzania within & beyond the well-known attractions in 16 National Parks, around Mount Kilimanjaro and on the beautiful beach Island of Zanzibar. Conservation & Sustainable tourism, as well as tropical tourism and traveling within East Africa, are additional subjects to be promoted during S!TE 2018.

7

* Oil & Gas Tanzania (11-13 October 2018) This event showcases product from Petroleum, Oil & Gas industry. This regional trade event serves the resource-rich east African region and city of Dar-es-Salaam and Tanzania's major centre of oil and gas activity for many of the leading operators in the country. Trade visitors from all over East & Central African countries are being invited directly and in collaboration with several regional trade bodies in Kenya, Tanzania, Ethiopia, Uganda, Somalia, Mozambique & Congo.

* East Africa International Trade Exhibition 2018 (25-27 October

2018) East Africa International Trade Exhibition is a 3 day event. With an amazing array of products and services from all over the world, it gives visitors the opportunity to source cutting edge products and services as well as learn about and discuss the latest market trends. There is no other related trade exhibition in East Africa that delivers the same quality & quantity and variety of buyers and distributors.

II. Forthcoming Events – India

*CAPINDIA 2018, 3rd Edition (22-24 March 2018) Department of Commerce, Government of India in collaboration with The Plastics Export Promotion Council (PLEXCONCIL), Basic Chemicals, Cosmetics and Dyes Export Promotion Council (CHEMEXCIL), Chemicals & Allied Products Export Promotion Council (CAPEXIL) and Shellac and Forest Products Export Promotion Council (SHEFEXIL) will organize CAPINDIA 2018, 3rd Edition, a trade and networking event for the Chemicals, Plastics, Construction, Mining Industry and Allied Products will be held from 22-24 March 2018 at Bombay Exhibition Centre, Mumbai. Tanzanian business/firms are encouraged to participate for further information contacts:

Organization of Plastics Processors of India Executive Director, SribashDasmohapatra Tel: +91 22 26833951 / 26833952 Fax: +91 22 26833953 / 26834057 Email: rbsm@plexconcil.org

8

Web: www.capindiaexpo.in

*5th SVUM 2018 International Trade Show For Development of Bilateral Trade Between Tanzania & India (11-15 April 2018) The event is organized by SVUM at Rajkot from Date 11 – 15 April 2018 with the objective of strengthening the business partnership with focus on sectors of high priority, enhancing capacity building initiative, skill development and resources mobilization programs by acting as a facilitator for exchange of Business, cultural and Tourism between Saurashtra Kutch – Gujarat India and Tanzania. Tanzanian business/firms are encouraged to participate for further information contacts:

Parag Tejura

President

Saurashtra Vepar Udyog Mahamandal, Federation of Trade & Industry Saurashtra

Address: 304 - Rajat, Sardarnagar Main Raod, Rajkot. (Gujarat) India 360001. Cell Number :- +91 9426254611

Email:- president.svum@gmail.com

Web:- www.svumshow.com

Facebook :https://www.facebook.com/svumtradeshow/

*iPHEX-2018, Sixth Edition (8-10 May 2018) iPHEX-2018, organized by Pharmexcil, will showcase the entire spectrum of India’s pharmaceuticals and healthcare sector to the world. Over 80% space of IPHEX-2018 has already been booked by 300 pharma and related healthcare companies of India. All these companies are exporting globally. About 400 Indian companies are expected to exhibit in

the show. Tanzanian business/firms are encouraged to participate for further information contacts:

Organization of Plastics Processors of India

Executive Director, Dr. Abhay Sinha

Tel: +91-11-45062550/+91-11-41536658

Fax: +91 22 26833953 / 26834057

Email: iphex2018@iphex-india.com, rodelhi@pharmexcil.com

Web: http://iphex-india.com

9

*4th Edition of Global Exhibition on Services (GES) (15-18 May

2018) The Department of Commerce, Ministry of Commerce and Industry, Services Export Promotion Council (SEPC), India Trade Promotion Organisation (ITPO) and the Confederation of Indian Industry (CII) are organising the 4th edition of the Global Exhibition on Services (GES) from 15 – 18 May 2018 at the Bombay Exhibition Centre, Mumbai. GES 2018 would showcase over 20 services sectors and is expected to see the participation from over 100 countries. The focus sectors include banking & financial services, education, energy services, environmental services, exhibition & event services, facility management, healthcare, IT & telecom, logistics, media & entertainment, next gen cities, printing & publishing, professional services, railway services, retail & e-commerce,

skills, space, sports services, starts-ups/SME, tourism & hospitality and wellness. GES will provide an ideal platform to build trade linkages & business tie-ups. Tanzanian business/firms are encouraged to participate for further information contacts: Chandrajit Banerjee Director General Confederation of Indian Industry The Mantosh Sondhi Centre 23, Institutional Area Lodi Road, New Delhi 110 003 Tel: 011-24621874 / 24629994-7 Fax: 011-2463316

Tenders floated by Tanzania as of 27 February, 2018

a) Entity: UCSAF

Tender No: IE/037/2017-18//HQ/01 Lot IB

Tender Name: Supply of 665 desktop computers for school

connectivity project

Contact Address: TB Secretary, Universal Communication Services

Access Fund , P.O.Box 33114 ,Dar es Salaam

1

0

Tender deadline 12th March 2018

b) Entity: Tanzania Forest Fund

Tender No: PA/118/2017-18/C/04

Tender Name: Consultancy services to review and evaluate project

proposals requesting Tanzania Forest Fund’s Grants for the

Financial year 2018-19

Contact Address: TB Secretary, Tanzania Forest Fund , P.O.BOX

11004,Dar es Salaam

Tender deadline 12th March 2018

c) Entity: Tanzania Forest Fund

Tender No: PA/118/2017-18/C/03

Tender Name: Consultancy services to develop communication

strategy of Tanzania Forest Fund

Contact Address: TB Secretary, Tanzania Forest Fund , P.O.BOX

11004,Dar es Salaam

Tender deadline 12th March 2018

d) Entity: GPSA

Tender No: AE/018/2017/18/QH/C/15

Tender Name: Lot 01: Individual consultants for short term

contract to carry out procurement compliance and value for money

audits for works, goods and services.

Lots 2: Individual consultants for short term contract to carry out

procurement compliance audits for works, goods and services and

value for money audits for goods and services.

Contact Address: TB Secretary, GPSA , P.O.BOX 9150,Dar es

Salaam

Tender deadline 14th March 2018

e) Entity: Tanzania Tourist Board

Tender No: PA/036/2017/2018/CTB/C/02

Tender Name: Provision of consultancy services for organizing and

managing swahili international tourism

Contact Address: TB Secretary,Utalii House, Along Ali Hassan

Mwinyi Road/Laibon Street, Plot No. 1, Osterbay, Dar es salaam

1

1

Tender deadline 22th March 2018

f) Entity: TPDC.

Tender No: PA/031/2017-2018/N/45

Tender Name: Provision of gas pipeline intelligence pigging and

pipeline integrity

Contact Address: TB Secretary, TPDC., P.O.Box 2774 Dar es

salaam

Tender deadline: 16th March 2018

For further information, please visit: www.ppra.go.tz

Websites for Economic and Business Opportunities on India

Interactive web-portal under the ‘Make in India’ programme:

www.makeinindia.gov.in

Health Portal for medical services/treatment/opportunities in India:

www.healthcareportal.com

Federation of Indian Chambers of Commerce & Industry (FICCI): http://www.ficci.com

Confederation of Indian Industry (CII): www.ciionline.org

Directory of Indian Suppliers (CII): www.indianindustry.com

Directorate General of Foreign Trade (DGFT): http://dgft.delhi.nic.in

India Trade Promotion Organization (ITPO):

www.indiatradefair.com ; http://www.tradeportalofindia.com

Innovative Technology in Manufacturing: www.itm-india.com

Indian Exporters’ Guide: www.indianexporters.com

Export Promotion Organizations:

http://tradeportalofindia.com/contentmgmt/Desktops2.html?compid=itpo&itemcode=I051

1

2

Federation of Indian Export Organizations (FIEO): http://www.fieo.org

National Small Industries Corporation [NSIC): http://www.nsic.co.in

MMTC LIMITED - India's Largest International Trading Company:

http://mmtclimited.com

1

3

Disclaimer Images and information in this document have been gathered from various sources. We intend to use this document to inform economic issues about India, its business potential, tourism, and views of Government of India.

If any images or information appearing on this site is copy righted, please inform the High Commission of India, Dar es Salaam, and we will be happy to credit the relevant parties.

High Commission of India in Dar es Salaam and its affiliates are not responsible for any errors in the content or information provided on this document.

Information provided by the High Commission of India in Dar es Salaam may be used for non-commercial purposes only. Before using any information for commercial purpose, please contact us.