india newsletter 03.2011

INDIA NEWSLETTER

March 2011

EMBASSY OF INDIA

Kärntner Ring 2 A-1010 Vienna, Austria

Tel.: +43 (0)1 505 8666

Fax: +43 (0)1 505 9219

Web: www.indianembassy.at

Email: [email protected]

M a r c h 2 0 1 1 - I n d i a - A u s t r i a N e w s l e t t e r | 2

News

► ECONOMY

GDP. The Central Statistical Organisation

(CSO) revised growth in the gross domestic

product (GDP) for 2009-10 to 8% from the

previous 7.4% due to robust growth in

manufacturing and services sectors. The

government also revised the GDP growth

for 2008-09 marginally to 6.8% from the

previously announced 6.7%. The growth

rate of 8% in the GDP during 2009-10 has

been achieved due to high growth in

transport, storage and communication

(15%), community, social and personal

services (11.8%), financing, insurance, real

estate and business services (9.2%) and

manufacturing (8.8%)," CSO said. Farm

sector growth in 2009-10 stood at 0.4%, up

from the 1% decline in 2008-09. The

economy is expected to grow 8.5% in the

current fiscal year but some policymakers

say it could reach 9%. It has grown 8.9% in

the past two quarters of the current fiscal

year.

Exports. As against the government‘s

export target of $200 billion for this fiscal,

the Prime Minister‘s Economic Advisory

Council (PMEAC) projected that shipments

from India will go up to $230bil. In the 2009-

10 financial year, the country’s

merchandise exports had come under

pressure because of the slowdown in the

Western markets and dropped to $175bil

from $189bil in 2008-09.

Inflation. The government said high food

inflation is adversely affecting the common

man and it intends to employ various

measures to tackle the situation. Some of

the important steps include schemes

enabling state governments to set up

farmer‘s mandis and mobile bazaars,

strengthening of the Public Distribution

System (PDS) through computerisation and

opening more procurement windows across

Economy & Business

February 2011 Highlights

the country. The government also intends

to review the Agriculture Produce Marketing

Committee (APMC) Act to consider

exempting horticulture products from its

purview, thereby mitigating marketing and

distribution bottlenecks. State governments

would be urged to consider waiving local

levies, as well as reduce commission agent

charges, while encouraging investment in

supply chains. Measures taken to contain

prices of essential commodities include a

selective ban on exports and futures trading

in food grains, zero import duty on select

food items and permitting the import of

pulses and sugar by public sector

undertakings.◄

► BUSINESS/INDUSTRY

Energy. The National Thermal Power Cor-

poration (NTPC) has prepared a corporate

plan 2010-32 to become a 75GW company

by 2017 and to have an installed capacity of

128GW by 2032 with a well diversified fuel

mix comprising 56% coal, 16% gas, 11%

nuclear energy, 9% renewable energy and

8% hydro-power based capacity. .

Solar. Premier Solar has signed a contract

for import of 200,000 thin film modules,

which can provide for generation of 20MW,

from German manufacturer Schott Solar.

The total value of the pact is $44mil. At the

same time, The Switch, a Finland-based

new energy technology company, an-

nounced the expansion of its international

presence by establishing a wholly-owned

India office. The new home base serves as

the company‘s beachhead to strengthen its

business network and to lead business de-

velopment in the fast-growing solar market

power in India.

Engineering. The Indian government has

set an ambitious target of $120bil for engi-

neering exports by 2015 while emphasizing

the need to align policies in that direction.

Engineering exports include heavy engi-

neering goods, transport equipment, capital

goods, other machinery/equipment and light

engineering products. In 2009-10, India‘s

total engineering exports was worth

$32.5bil and the US and EU markets ac-

counted for 65% of the shipments.

Steel. Steel authority of India (SAIL) an-

nounced $12bil investment plans in four

steel plants abroad - in Indonesia, Mongo-

lia, South Africa and Oman. An MoU has

already been signed with Indonesia and

constant dialogue is going on with the other

nations. At the same time, Japanese Kobe

Steel has plans to set up a next-generation

steel plant in India capable of producing

high-purity iron nuggets out of low-grad iron

ore and coal. The facility will use of a pro-

cess called ITmk3 developed by Kobe.

Auto. The Indian Ruia Group has acquired

Germany-based fasteners manufacturer

Acument in an asset deal that involved the

buyout of four plants and logistic centres.

The acquisition has been done through a

new company, Ruia Global Fastners AG

(RGF), marking the group‘s entry into the

auto ancillary segment. This is the third ac-

quisition of the Ruia Group in Germany and

the fourth in Europe since 2008.

Aerospace. Mahindra Aerospace Pvt. Ltd.

has announced it is looking for a strategic

investor, including OEMs and tier I suppli-

ers that will help it access both customers

and technology. The firm is investing about

$62mil in a 20-acre new manufacturing unit

for components, assemblies and aero-

structures.

Defence Technology. L&T has formed a

74:26 Joint Venture with Cassidian, a divi-

sion of European Aerospace and Defence

(EADS) Group, for defence electronics. The

JV will work closely with Cassidian‘s new

engineering centre in Bangalore, where


systems design and engineering centre in

Bangalore, where systems design and engi-

neering activities will be carried out in the

fields of electronic warfare, radars, avionics,

and mobile systems.

Fashion/Design. India is one of the seven

hotspots identified by Italy to attract invest-

ments. Italian companies are keen on part-

nering with Indian firms in retail, fashion

and design.

Lingerie. Renowned international venture

capital firm, Sequoia Capital, is to pick up a

6% stake im Mumbai-based Lovable Linge-

rie Ltd. The investment is for an estimated

$4.5mil, in a pre-IPO placement. The later

IPO proceeds are to be used for setting up

a new manufacturing unit in Bangalore, for

brand building, to invest in JV with UK‘s

Lifestyle Galleries of London Ltd and setting

up exclusive brand outlets.◄

► INFRA-STRUCTURE

Energy. The power ministry of India has

announced the National Mission for En-

hanced Energy Efficiency (NMEEE). The

scheme will require investments worth

$6.5bil over three years. Power units cover

a major chunk of this programme with

around 146 units.

Renewable Energy. The World Bank has

shown interest in partnering the Indian gov-

ernment for developing the renewable ener-

gy sector. The government has an ambi-

tious plan to install at least 40GW of addi-

tional capacity in renewable energy in the

next 10 years.

Asian Development Bank. The ADB has

agreed to lend $7.4bil to fund projects in

infrastructure in India. ADB will spread

loans through 2011-13 to help the govern-

ment finance projects aimed at reducing

parities between states.

Delhi-Mumbai. The $90bil Delhi-Mumbai

Industrial Corridor (DMIC) is all set to take

off with a $9bil revolving fund being estab-

lished for the project. The project will con-

nect New Delhi with the business capital

Mumbai through a mega infrastructure

spread over 1,483km.

Airport. Gujarat is soon to be home to In-

dia‘s largest airport. The Dholera airport will

be spread across 14.500 acres and will be

having an ultimate passenger handling ca-

pacity of 200 million annually. It will come

up near the Dholera Special Investment

Region, from where the Delhi-Mumbai In-

dustrial Corridor will pass through. Accord-

ing to the 2010 annual airport service quali-

ty (ASQ) survey of Airports Council Interna-

tional (ACI), India‘s airports rank high. Hy-

derabad's Airport (RGIA) won top honours

in the 5~15 million passenger size catego-

ry, while Mumbai's Airport (CSIA) was

placed second in the 15~25 million passen-

ger category, and New Delhi's Airport

(IGIA) was placed fourth in the 25~40 mil-

lion passenger category.

Rail. The longest rail bridge in India with a

length of 4.62km connecting Idapalli to Val-

larpadam in Kochi is complete. Built by the

Rail Vikas Nigam Ltd at a cost of $44mil,

the bridge was built in a record 28 months.

Oil/Gas. The British oil giant BP and the

Indian Reliance Industries will work togeth-

er in the delivery of Gas and Oil in India. In

this effort, BP will invest around $7bil in the

Indian company. The total investment vol-

ume can surpass the $20bil mark. The initi-

ative is expecting official government ap-

proval.

Skyscraper. A joint venture of Arabian

Construction Co (ACCACC), and Simplex

Infrastructures was awarded a contract to

construct World One in Mumbai. The World

One with 117 storeys standing at 442 me-

ters will be the tallest building in India and

the second tallest residential building in the

world upon completion in 2015. ◄

► INTERNATIONAL

Japan. India and Japan have set a target

of achieving$25bil worth of bilateral trade

by 2014 from the present $10.3bil as they

have signed the much-awaited Compre-

hensive Economic Partnership Agreement

(CEPA) that will see about 94% tariff reduc-

tion in goods ranging from cars to shrimps

and easier movement of nurses and chefs.

Malaysia. India and Malaysia signed a

Comprehensive Economic Cooperation

Agreement (CECA) today, aiming in the

short term to boost bilateral trade to $15bil

by 2015 from $9bil now. The agreement

covers trade in goods, services, investment

and economic cooperation.

Great Britain. With the focus on enterprise

development activities and to make the ru-

ral masses self-sustainable, the Common-

wealth Secretariat, London, has partnered

with public sector Indian banks to provide

credit to young people, women and differ-

ently-abled young in rural areas of India.

Finland. Union minister of new and renew-

able energy in his interaction with Finland‘s

minister of environment stressed the need

for cooperation between the two countries

in renewable energy segment. India and

Finaland already have an on-going mecha-

nism of cooperation under the aegis of

Joint Working Group on Clean Technology

and Waste Management.◄

News

February 2011 Highlights (cont'd )

Quote of the Month

"In the foreseeable future I see India

joining the premium league. India

will be amongst the top 3-4 markets

along with Germany, United States

and China"

Peter Honegg

Managing Director, BMW


ENGEL India records exceptionally high

level of orders in the financial year

2009/2010. Investments in high-quality ma-

chines are constantly increasing in India,

reports Jitendra Devlia, Manager of ENGEL

Machinery INDIA Pvt. Ltd., subsidiary of

ENGEL AUSTRIA GmbH. Machine imports

are playing a key role in this recovery. In a

highly dynamic market environment, EN-

GEL has developed into a top importer of

high quality injection moulding machines.

"In the automotive industry we are undisput-

edly number one in India," says Mr. Devli.

ISOVOLTA in India. ISOVOLTA (India)

Pvt. Ltd. is a joint venture between the

Sahney Group and Austrian ISOVOLTA AG

that are leading manufacturers of electrical

insulation materials, technical laminates

and composite materials . The Indian com-

pany is based in Nasik and produces world

-class mica based insulating tapes for mo-

tors and generators. In addition, under li-

cence from Hitachi chemicals, they also

manufacture speciality tapes for Hitachi

motors.

Bilateral Trade - November/2010. The

trade volume for the period January-

November 2010 has registered positive

marks for both exports and imports. India‘s

exports to Austria increased by 9.8% to

€452.11mil in this period, with the trade in-

crease in virtually all bilateral trade. Ma-

chinery and Equipment showed the most

impressive jump, especially in electrical

machinery (by 81%). Chemicals and foot-

wear are the two sectors, which have not

been impacted by the crisis year 2009 and

have shown continuous growth since pre-

crisis year. Special attention must be given

to the footwear sector, which has experi-

enced considerable growth in comparison

to 2008/09 values. As far as India‘s imports

from Austria is concerned, machinery and

equipment counts for approximately 50% of

the total import volume, even though mark-

ing a slight decrease by 0.5% in the Janu-

ary-November 2010 period y-o-y. Chemi-

cals imports have marked positive growth

trends through crisis year 2009, while man-

ufactured goods, which was strongly hit in

2009 with a steep decrease, has been

shown good signs of recovery. It has not

yet reached its pre-crisis levels, though.

The import volume of other manufactured

items was also strongly hit in 2009, show-

ing positive recovery and overcoming pre-

crisis levels in 2010. This was highly

pushed by the increase of India‘s import of

scientific and controlling instruments by

23.8%, accounting for about 4.7% of India‘s

total imports from Austria.◄

News

India-Austria

Bilateral Business News and Trade Reports

2008 2009 2010 Change 2009/2010 (%)

November Jan-Nov November Jan-Nov November Jan-Nov November Jan-Nov

India’s Export to Austria

31.7 385.16 29.8 411.66 37.7 452.11 26.3% 9.8%

India’s Import from Austria

61.5 535.09 55.1 504.39 68.8 577.94 24.7% 14.6%

Trade Volume Report

(in million EUR)

A majority of Indian companies believe that they

have been able to offer a wide range of

opportunities and work experience to their

employees in the last one year, says a survey.

According to a study conducted by HR

consultancy Towers Watson''s Talent

Management and Rewards, 61 per cent of the

Indian companies surveyed said that they are

able to provide their employees a wide range

of jobs and work experience over the last 12-

month as against 50 per cent in the Asia Pacific

region. On the prime reasons behind it, the

survey noted, "...Indian markets surging and the

economy well poised for growth."

India employers score comparatively high when

it comes to providing job security to their

employees, with 81 per cent of Indian

employers able to provide a secure and a

stable position to their employees as

compared to 60 per cent employers in the Asia

Pacific region.

The survey also reveals that 30 per cent Indian

employers provide their employees an

opportunity to move to a different country

compared to 21 per cent employers in the Asia

Pacific region.

The ''compensation element'', which is

popularly considered as the prime motivator for

employees, is another parameter where Indian

employers score better.

While 37 per cent employers in the Asia Pacific

region believe they provide an opportunity to

their employees to earn higher levels of

compensation to a great extent, around 54 per

cent employers in India felt so.

Overall, 60 per cent of Indian employers

reported an improvement in career

advancement opportunities over the last 12

months, while 40 per cent of the respondent

companies said that career advancement

opportunities remained the same.

In other Asia Pacific countries, 54 per cent

Chinese employers feel that career

advancement opportunities for their employees

have improved Singapore 28 per cent

and Japan 19 per cent.

"The impact of the recessionary environment

was less harsh on India Inc and consequently

on the Indian workforce, but what is important

to note is the studied and measured response

of corporate India to the slowdown as

compared to the rest of world and the Asia

Pacific region in particular," Towers Watson

(India) MD Dhritiman Chakrabarti said.

"Equally important, on a comparative note, is

the affirmative and buoyant sentiment that

has been expressed by corporate India, be it in

terms of job security, skill development or

opportunities to earn higher levels of

compensation," Chakrabarti added.

When it comes to offering skill development

opportunities to their workforce, 64 per cent of

Indian employers surveyed believe that optimal

opportunities are available to their employees

to rapidly develop skills and abilities, as against

a 49 per cent Asia Pacific average.

The survey said that 61 per cent of Indian

employers are able to provide their employees

an the opportunity to develop innovative

products and services, as compared to their

counterparts in the Asia Pacific region at 41 per

cent.◄

Survey

Indian companies offer more opportunities to employees


Focus

India has the second-largest road network in the world, spreading

across approximately 3.3 million kilometres. Roads are the

preferred mode of transportation in the country and account for

85% of passenger traffic and 65% of freight traffic. National

highways, which account for only 2% of the country‘s total road

length, bear about 40% of the total traffic. In the past five years,

the number of vehicles in the country has grown at 10.16%

annually.

Regulatory environment

In India, National Highways are administered by the Ministry of

Shipping, Road Transport and Highways (MOSRTH) and the

National Highway Authority of India (NHAI). State highways and

major district roads are governed by state public works

departments and road development corporations. Rural roads are

monitored and maintained by the Ministry of Rural Development

(MoRD).

As roads form an integral part of the economic and social

development of a country, the Government of India has made

concerted efforts to improve road connectivity in India. It has

announced policy measures to attract foreign and domestic private

investment for road development. Some of these policy measures

include permission for up to 100% FDI and provision of capital

grants of up to 40% of the project cost to enhance the viability of

projects. Additionally, the government has also announced policy

measures to create substantial opportunities for private investors

and increase the scope of public-private partnership (PPP) on

road projects. Private investment in the sector has increased from

INR234 billion in September 2006 to INR520billion in August 2009.

Recent developments and industry outlook

The government has launched the National Highway Development

Programme (NHDP) to improve and maintain the road network in

the country. The primary objective of the NHDP is to develop and

upgrade over 50,000 kilometres of National Highways, in seven

phases, with an investment of INR3,000 billion.

At present, the NHDP is being implemented in four phases: I, II, III

and V. The funds for the program are being arranged through

budgetary allocation, a central road fund as well as external

assistance and market borrowing. Additionally, the government

has also launched the Pradhan Mantri Gram Sadak Yojana

(PMGSY) to provide connectivity to isolated rural habitations in the

country. The PMGSY scheme involves the construction of 146,185

kilometres of road to provide connectivity to 66,802 habitations. In

2008-09, the government spent INR151billion on rural roads under

this scheme. In early 2009, the government announced its target

of constructing 20 kilometers of highway per day with an

investment of USD70 billion over the next three years.

According to the estimates of the Planning Commission, total

investment in the road sector during the Eleventh Five Year Plan

(2007–2012) will amount to around USD78.5 billion, of which 34%

is expected to be contributed by the private sector.◄

Sector Close-up

Roads and Highways in India

India National Highway Network Map (as of Dec.31, 2010)

Road Network (FY09)

Source: NHAI

Source: NHDP


Interview

Joshua Harris , the founder and chief of Apollo Global Management , the $58-billion buyout firm which rose from the rubble of legendary junk bond trading house Drexel Burnham Lambert , sees what rivals have missed out — distressed companies. The buyout industry that indulged in excesses won’t return to its past ways anytime soon, says Mr Harris who snatched petrochemical maker LyondellBasell away from Reliance Industries . In an interview with ET, Harris shares his views on the financial world. Edited excerpts: Apollo has been relatively patient in India with only one major investment till date. How do you think this will evolve? We plan to focus on being a reliable partner for Indian entrepreneurs and a contrarian investor with deep industry knowledge who is not afraid to provide capital in complicated situations. Your last visit to India was on 26/11. Did that make you rethink your India plans? Are the broader political risks in India a concern for you? I was travelling to Mumbai the day of the unfortunate attacks and was forced to cancel a week-long trip. However, I am thrilled to be back in India and happy to see that the city and the country have bounced back so remarkably. I think that if anything India has shown it is that it is a very resilient nation. It has experienced several setbacks — be they political or natural — over the past decade, but the economic machine has continued to thrive. Our ambitions for India have only increased. I continue to be truly impressed by the quality of entrepreneurs in the country. Hence, we are increasingly looking for ways to partner them; either to fund their plans for the domestic market or to assist them in acquiring assets overseas. What are the opportunities and constraints for buyout funds in India?

Buyout firms, in the traditional sense, are going to find it difficult if they focus solely on buyouts in India due to constraints. In a number of sectors, there is a lack of talent pool of highly experienced managers to operate and grow the companies acquired by private equity firms. Financial regulations prevent the use of leverage to fund buyout. Business owners are typically unwilling to sell, since they perceive much higher growth as insiders versus what outside investors are typically willing to underwrite. The dynamism of the entrepreneurs and their ability to manage the Indian environment is critical, and as a result, we believe it may be more prudent to partner with entrepreneurs to help grow their companies together. Does PE interest in Indian infrastructure remain strong? Other than demography, what else is going in favour of India? The infrastructure deficit is evident to anyone who visits India. The country needs more roads, more ports, and more power plants. The challenge for investors is how to intelligently craft investments

to deal with the execution risks. Other than demographics and rising consumption levels, the two things which excite me the most are cost competitiveness and entrepreneurial spirit. Across a few select industries, for example auto components, specialty chemicals and packaging, cost competitiveness is driven not only by labour arbitrage but by genuine skill and innovation. The services sector has gotten a lot of attention in India, but I have also been very impressed by some old economy companies. The local operating conditions are much tougher here, and as a result, you often see companies in India are more efficient and smart than some of their global counterparts. As markets in Asia and Africa develop, I believe many more companies from India are going to emerge as significant players in these markets, rather than letting the more established Western companies move in and take market share. Apollo is a global specialist in distressed debt. Is it still an attractive strategy? Are you likely to look at distressed-for-control transactions in India?

We believe some of the most successful investments can be made when values are depressed due to high leverage on the balance sheets. Pursuing such investments requires resident skillset as well as the strength of conviction to do things that others might not or that might even make you unpopular. For example, during the depths of the crisis in 2008 through 2009, there were attractive opportunities to purchase companies through distressed-for-control transactions. At Apollo, we were one of the most active investors of distressed-for-control, and led two of the largest distressed-for-control investments to emerge from the crisis – Charter Communications and LyondellBasell. To date, the story in India has been focussed on growth equity with average purchase price multiples around 12x EBITDA. Having said that, the one area which has been overlooked and underserved is working with companies which have high debt and are under some pressure. The complexity of navigating the regulatory and restructuring process has kept other firms away from this opportunity. What could spoil the party? I think controlling inflation and how the government manages the explosive growth are likely to be the key factor. Lack of poor infrastructure and poor pace of reform are also potential risks. Is the private equity activity back to its pre-2008 glory?

The credit markets are once again accessible and appear strong. They certainly do not look like they did around 2007. Nor do I think they will approach those peak levels anytime soon, if ever again. Coming out of this cycle, I think there will be a real shakeout in the industry in terms of both the number and type of private equity funds that get raised. We will see a natural consolidation in the private equity industry whereby firms that can generate returns across varying market cycles will survive and grow, while others may not be able to raise subsequent funds.

Business

India has proved its resilience by Joshua Harris

Source: The Economic Times: Februar 21, 2011 )


Trade Shows

The 3rd edition of fMM&T India will take place from 12-14 May

2011 at New Delhi, India. The fair is a perfect trading platform for launching and sourcing the product. fMM&T is organised by

UBM India & APLF Ltd., in partnership with Indian Footwear Components Manufacturers Association (IFCOMA) and supported by Council of Leather Exports (CLE), Indian Shoe Federation (ISF), Agra Footwear Manufacturers & Exporters

Chamber (AFMEC).

In 2010, fMM&T attracted over 3,500 attendees from 18 countries including Bangladesh, Brazil, Central America, China, France, Hong Kong, Istanbul, Italy, Korea, Malaysia, Nepal, Russia, Spain, Taiwan, Turkey, UAE, United Kingdom and USA. The event had over 180 exhibitors from prominent leather manufacturing countries and regions including China, Italy, Bangladesh, Taiwan, France, Egypt, Hong Kong, Korea, Thailand, USA and India and also featured international pavilions

from Taiwan and China.

Exhibitior's Profile Exhibitors will include suppliers of the following products & services: Raw Materials Including Hides & Skins, Semi-

Finished & Finished Leather, Synthetic Materials & Man-made Leather, Rubber, PVC, TPR, PU, Natural Fibers & Materials and High Performance Fabrics, Finishing Chemicals & Dyes, Release Papers, Components & Accessories for Shoes, Leather Garments, Handbags and Travelware including

Plastic Lasts, Midsoles, Insoles, Footwear Soles, Toe Puff & Counters, Shoe Uppers, Laces, Eyelets, Fabrics, Buckles, Shank, Zippers, etc., Shoe Machinery Equipment & Tools, CAD-CAM, Design and Supply Chain Management Software's, Technology, Testing Laboratories Trade Press and Other Services

Visitior's Profile

Trade Press and Other Services Manufacturers of Footwear, Leather Garments, Handbags, Leather Goods and Travelware, Importers and Distributors of Leather and Synthetic Materials, Components and Accessories, Designers, Brand Owners, Product Developers and Importing agents for Machinery and Equipment More Information: http://www.aplfindia.com/ ◄

Automotive Engineering Show Chennai is the only Tradeshow in the world dedicated only to Solutions for Automotive Manufacturing. It is the 4th exclusive fair on automotive engineering and vehicle manufacturing plants. Automotive Engineering Show is a showcase of processes, systems & technologies or 'enablers' in automotive manufacturing. This is the first exclusive fair focusing on Automobile engineering & vehicle manufacturing processes. The unique rationale of the event is very strong penetration within the automotive manufacturing region. It aims to connect various constituents of this rich industry. Just to re-iterate, Manufacturing technologies, equipment, tools and methods of assembly form the subject matter of this show. Obviously, no finished auto-component, product or vehicle will be displayed. With participation from some of the industry's biggest technology suppliers and buyer delegations from a host of and component makers visiting the event, the Automotive Engineering Show has joined the ranks of the most effective Trade shows in the country. Display Profile Assembly Line System Integrators and Line builders, Automotive

Painting, Finishing and Surface Treatment solution providers, Automotive Testing & Quality Inspection providers, Engineering Services: IT solutions in Vehicle Design, Product Development, Planning and Manufacturing, End to end In-plant (Material) Handling systems, Machining Centers and Metal Cutting used for Automotive manufacturing, Productivity Enhancers, latest concepts in Tools, Jigs and Fixtures, Specialized solutions in Welding, World renowned Manufacturers of Robotics and Automation, Factory Control and Measurement, Automotive Electronics, Materials and Composites, Tyre Technology and Other Related Material Visitior's Profile

CEOs, Director of Projects, Department heads from Planning, Quality, Design department, Production, Capital purchase, Procurement, Maintenance, R&D Automotive manufacturing companies, Vehicle manufacturers

Tier 1, Vehicle manufacturers Tier 2, Vehicle manufacturers Tier 3, Component manufacturing companies, System manufacturing companies More Information: http://www.biztradeshows.com/automotive-engineering-show/ ◄


Profile

Larsen & Toubro Limited (L&T) is a technology, engineering,

construction and manufacturing company. It is one of the largest

and most respected companies in India's private sector. Currently

the company‗s pipeline of developmental projects includes:

› Roads and Bridges: 15 projects amounting €2.1bil

› Power: 5 projects amounting €3.4bil

› Ports: 3 projects amounting €850mil

› Metro Rails: 1 project amounting €2.4bil

› Urban Infrastructure: 14 projects amounting €1.1bil

ECC – the Engineering Construction and Contracts Division of

L&T is India‘s largest construction organisation with over 60 years

of experience and expertise in the field. ECC figures among the

World‘s Top Contractors and ranks 35th among top global

contractors and 60th among international contractors as per the

survey conducted by Engineering News Record magazine, USA

(August 2008).

Many of the country‘s prized landmarks – its exquisite buildings,

tallest structures, largest airports/ industrial projects, longest

flyovers, highest viaducts, longest pipelines including many other

benchmark projects have been built by ECC. ECC‘s leading edge

capabilities cover every discipline of construction: civil,

mechanical, electrical and instrumentation engineering and

services extend to all core sector industries and infrastructure

projects.

ECC is equipped with the requisite expertise and wide-ranging

experience to undertake Engineering Procurement and

Construction (EPC) projects with single source

responsibility. Contracts are executed using state of the art

design tools and project management techniques from concept to

commissioning.

ECC today is organised in to four Operating Companies to allow

for more in-depth technology and business development as well

as to focus attention on domestic and international project

execution. Each Operating Company is further split into different

Business Units (BUs) to take care of the specific needs of various

customers. The Operating Companies (OC) includes:

› Buildings & Factories Operating Company (B&F OC)

› Infrastructure (Infra OC)

› Metallurgical, Material Handling & Water (MMH &W OC)

› Electrical & Gulf Projects (E&GP OC)

The distinction awarded to several ECC-built structures by the

Federation Internationale de la Precontrainte (FIP), U.K., and the

American Concrete Institute (Maharashtra India Chapter),

Institution of Engineers and Builders Association of India among

others, reflect the outstanding nature of ECC‘s construction. ◄

Big Players

Larsen & Toubro Limited (L&T)

Emerging SME

Laxmi Hydraulics Pvt. Ltd. (LHP) LHP is a well-known brand synonymous with the latest technology

and high quality motors. They have acquired this recognition over

the past 3 decades through consistent efforts. . The company

established a new world-class, environmentally-friendly plant

possessing the capacity of manufacturing nearly 240,000 motors

and pumps per annum. The plant employs state-of-the-art

manufacturing technology and system and, ensuring economical

production. While adhering to international standards and

marketing their products globally, Laxmi Hydraulics Pvt. Ltd.

received Indian prize ―IEEMA SME QUALITY COMMENDATION‖

for significant achievement in Quality under ‗Small Enterprise

Category‘.◄

Larsen & Toubro Limited (L&T)

Address: Mount Poonamallee Road, Manapakkam, P.B.No.979, Chennai – 600 089

Phone: +91-44-22526000/8000 / Fax: +91-44-2249 3317 / Email: [email protected] / Web: www.lntecc.com

Laxmi Hydraulics Pvt. Ltd

Address: B-11/3, MIDC, Chincholi, Solapur - 413255, Maharashtra (India)

Phone: +91 217 2357001 / Fax: +91 217 2357006 / Email: [email protected] / Web: www.lhp.co.in


Tourism

For the visitor wishing to explore southern India extensively, Chen-

nai, the capital of the state of Tamil Nadu, is the most convenient

point of entry. Chennai has an international airport, a sea port and

a rail and road network that links it to all major towns and cities of

the region. It also has several deluxe hotels and others to suit

modest budgets. Tamil Nadu is a bastion of Hinduism, whose past

endures into the present. Temples with towering spires called go-

purams are a common feature of this state, seldom seen any-

where else in the country. Temples in Tamil Nadu were the ful-

crum of society and even today art forms that have their origin in

religious worship continue to colour daily life. Notable among the-

se are splendid bronzes of deities, painting on glass and Bha-

ratnatyam, an evocative dance form.

Mahabalipuram, Kanchipuram and Thanjavur are good examples

of temple towns where within the temple fortifications grew a multi

layered society that preached faith and grew from social harmony.

Kanchipuram, also called Kanjeevaram, is famous throughout the

country as the center where lustrous silk sarees are woven. Like-

wise Thanjavur is an important center for bronze figure casting.

Mahabalipuram, with its wealth of sculptures, is located by the

seaside and has excellent resorts. The towns

of Tiruchirapalli and Madurai also contain famous temples.

Quite a contrast to the temple heritage is provided at Pondicherry,

for long a French colony. French is still widely spoken, and sea-

side villas and cobbled streets are more reminiscent of the south

of France than the south of India! Yet another facet of this surpris-

ingly diverse state is two hillstations Ootacamund and Kodaikanal.

Both are little patches of England, being much loved by the expat-

riate population of the Raj. Both places provide delightful relaxa-

tion during an extended tour of the south, having a wide range of

hotel accommodation. The cuisine of Tamil Nadu, more or less to-

tally vegetarian, has become enormously popular all over the

country, and few towns do not have at least one eatery serving

popular snacks from the state‘s extensive repertoire

Tamil Nadu has a long coastline that stretches nearly a 1000 kms.

The Coromandel Coast, along the Bay of Bengal, boasts of many

ideal locations for sun and surf. Golden sands of the beach are

dotted with coconut palm and casuarina groves. The sea washes

ashore pebbles and shells and the gentle breeze sways the yachts

and catamarans into the deeper waters of the sea and the waters

form small dunes on the shore. Crabs play hide-and-seek by com-

ing out of one burrow, and taking refuge in another. Sea gulls hov-

er in the sky and then rest on the sails of the fishing boats. There

are many more breathtaking sights that will please you and hold

you spell bound in Tamil Nadu.◄

State Profile

Tamil Nadu

IndiaTourism Frankfurt Baseler Str. 48 / D-60329 Frankfurt

Tel: +49 (69) 242949-0 / Fax: +49 (69) 242949-77 www.india-tourism.com / [email protected]

MORE INFO AT WWW.INDIA-TOURISM.COM

M a r c h 2 0 1 1 - I n d i a - A u s t r i a N e w s l e t t e r | 1 0

Festival of India 2011


Festival of India 2011 - Handicrafts Fair

Festival of India 2011

Indian Handicrafts Fair, March 25-30, Heldenplatz

Indian Fashion Jewellery and Accessories:

Creativity of Indian Craftspersons with artificial and

natural material

Jewellery has been rooted into the Indian soil, not from today, but

from ages, lending itself to the creative hands of the Indian

craftsmen. Just as Indian traditions have evolved with time, so

has the Indian jewellery. Exemplary designs, precious stones and

the adroit craftsmanship of Indian designers and artisans have

given birth to new line of Indian fashion jewellery which is elegant,

captivating and defines attitude of individuals to make a ravishing

statement in the world of fashion jewellery. Jewellery making is an

art and each piece is crafted out with well-balanced hands. The

Indian Handicrafts Fair Vienna, 2011, will introduce an exquisite

collection of our rich inheritance.

Indian Textile Crafts: The tradition of bringing textile

and handlooms to life

Indian textile traditions are reputed all over the world and admired

for their beauty, texture and durability. The origin of Indian textiles

can be traced to the Indus valley civilization. The people of this

civilization used homespun cotton for weaving their garments.

India had numerous trade links with the outside world and Indian

textiles were popular in the ancient world. India has a wide range

of textiles of varied designs and manufactured by numerous

techniques when compared to other countries in the world. The

styles depend upon the location of the place, climatic conditions,

cultural influences and trade contacts. The varied topography of

India from the snowy mountains to the rich river valleys and from

the lush forests to the arid deserts as well as the various cultures

brought down here from the invaders have influenced the growth

of a number of textile weaves, a series of which will be at display

at the Indian Handicrafts Fair Vienna, 2011.

Indian Decorative Items: Preserving the traditional art and craft of India and

adding the newest trend dimensions

India is the home of a remarkable variety of traditional crafts.

Century old skills continue to produce some of the most artistic and

exciting pieces of art, which are admired and collected by art

connoisseurs all over the world, making Indian art and handicrafts

immortal and most favored. The ethnic appeal in the vibrant colors

is irresistible, whether it is leather ware, pottery, metal craft or

textile. The spark of creativity has been there since the beginning

of civilization. The immortality of the handicrafts and arts of India

may be attributed to their ability to captivate the beholder. They

have remained coveted for their ability to transform homes into

places of absolute beauty. The Indian Handicrafts Fair Vienna,

2011, will display an inspiring range of products from timeless

creations, which include crafts in wood, papier mache, wood,

metal, glass and a variety of other materials.


Festival of India 2011 - Seminars & India Experience Live!

Seminars

March 16/21, University of Vienna

Seminar: Indian Classical Dance - Tradition and its

challenges in accommodating modernity

March 16th, 18:00 AULA Campus der Universität Wien Spitalg. 2, Hof 1.11 - 1090 Vienna Voranmeldung erforderlich

Key-note Speaker: Mrs. Leela Venkatraman

Leela Venkataraman‘s career as a

writer on dance began as the Dance

Critic for the National Herald in 1980,

after which she was with another

daily, The Patriot. Selected as the

Dance Critic for The Hindu when the

paper began its Delhi edition, she

has been with the paper ever since.

Her Friday review column earning a

reputation for being the most incisive

commentary on the dance scene in

the capital. Leela Venkataraman has

written extensively for journals in

India and abroad. Among her publications are ‗Indian Classical

dance: Tradition in Transition,‘ ‗Bharatanatyam: Step by step‘ and

‗A Dancing Phenomenon - Birju Maharaj.‘

Seminar: Indian Music - Manganiars of Rajasthan

hereditary musicians in an era of globalization

March 21st, 18:00 AULA Campus der Universität Wien Spitalg. 2, Hof 1.11 - 1090 Vienna Voranmeldung erforderlich

Key-note Speaker: Dr. Shubha Chaudhuri

Dr. Shubha Chaudhuri, a Doctorate

in linguistics and Director of the

Archives and Research Centre for

Ethnomusicology since 1982. Former

board member of the International

Council of Traditional Music (ICTM)

and Vice President of the

International Association of Sound

and Audio Visual Archives. She is a

co-author of ―Archives for the Future‖

and ―Bards, Ballads and Boundaries:

an ethnographic atlas of the Music of

Western Rajasthan‖. She is based in

New Delhi.In her Seminar in Vienna, she will be addressing the

topic "Manganiars of Rajasthan hereditary musicians in an era of

globalization"

India Experience Live!

March 25-30, Museum of Ethnology, Vienna

While the Handicrafts Fair is running in the Heldenplatz area right in front of the Museum of Ethnology, Vienna, the

India Experience Live! program will complete the experience inside the museum. With Indian artists showing live

their craftsmanship and Indian folk music and dance, visitors will be able to experience a unique Indian ambience. To

make sure every single sense is estimulated by the experience, a selection of Indian delicassies will be available for

degustation at the Nirvana restaurant stall inside the museum. Among the live presentations inside the museum:

The art of inlaying brass and copper wires in wood (Tarkashi)

Terracotta craft

Hand-made famous Indian lac bangles

The art of hand-made Kani, Sozni & Pasmina Shawls

AND MORE: The craft of turning leather into puppets

Weaving the world-famous Indian Saris

Horoscope Reading

Embossing gold painting on leather

PLUS: Rajasthani Folk Musicians performances


Festival of India 2011 - Food Festival / Cultural Performances

Vienna

Klagen

furt

Graz


Festival of India 2011 - Indian Film Week

“INDIAN FILM WEEK” PROGRAM FREE ADMISSION

Reservations required (available from March 10th on)

All movies screened at 'De France' Cinema, Schottenring 5, Vienna 1010

www.indianembassy.at/filmweek

Friday, 18th March Movie Details

17:00 Yaadein by Subhash Ghai For more information, visit:

www.indianembassy.at/filmweek (All movies in original language with english subtitles)

20:30 Sholay by Ramesh Sippy

Saturday, 19th March

Sholay

Black

17:00 Black by Sanjay Leela Bhansali (Sholay) (Black)

19:30 Kesariya Balam by Sandeep Kumar

21:15 Iqbal by Nagesh Kukunoor Action Drama

160 Min. 124 Min.

Sunday, 20th March

17:00 Koi Mil Gaya by Rakesh Roshan

Yaadein

Lakshya

20:00 Paheli by Amol Palekar (Bittersüße Erinnerungen)

(Mut zur Entscheidung)

Monday, 21st March Romance Romance

17:00 Lakshya by Farhan Akhtar 193 Min. 187 Min.

20:30 Paheli by Amol Palekar

Koi Mil Gaya

Iqbal

Tuesday, 22nd March (Sternenkind) (Iqbal)

17:00 Sholay by Ramesh Sippy

20:00 Koi Mil Gaya by Rakesh Roshan Fantasy Drama

165 Min. 132 Min.

Wednesday, 23rd March

17:00 Lakshya by Farhan Akhtar

Paheli

Kesariya

20:30 Iqbal by Nagesh Kukunoor (Die Schöne und der Geist)

Balam (Liebe

ohne Grenzen)

Thursday, 24th March Fantasy Drama

17:00 Yaadein by Subhash Ghai 134 Min. 90 Min.

20:30 Black by Sanjay Leela Bhansali


India in Austria

Talk Series "Zu Gast bei Elisabeth Al-Himrani" Nr. 75 - Dr. Helga Peterlik, Diplomatengattin

March 10th, 2011 - 19:00 Herrengasse 6-8, Stiege I, 10. Stock, Tür 57 , 1010 Wien Eintritt frei. Spenden willkommen! www.austro-indian.at

Fundraising Event for "Matru Chaya" with classic Indian Dance April 1st, 2011 - 19:00 Akku Kulturzentrum,4400 Steyr,Färbergasse 5

April 2nd, 2011, 19.30 Uhr Chamäleon, 4020 Linz, Museumstrasse 7

Karten: Akku Steyr; Chamäleon Linz www.natyamandir.at

Talk Series "Zu Gast bei Elisabeth Al-Himrani" Nr. 76 - Surya Kumar Bose, Director, BIT

April 7th, 2011 - 19:00 Herrengasse 6-8, Stiege I, 10. Stock, Tür 57 , 1010 Wien Eintritt frei. Spenden willkommen! www.austro-indian.at

Agenda

March/April 2011

Published by the commercial section at the Embassy of India, Vienna. www.indianembassy.at

Contact: [email protected]

Festival of India, Vienna 2011

March 15th-30

th, various locations

The Spirit - Kathak Dance Performances Klagenfurt - March 18th - 19:30 Messearena / Halle 5

› Admission: €15 / Reduced: €12

Pre-sale available at RUEFA Reisen (0463 56400, DW10) Graz - March 19th - 20:00 Volkshaus Graz / Lagergasse 98a

› Admission: €15 / Reduced: €12

Reservations: 0699 1025 9961 More info: indiacentergraz.at Wien - March 20th - 17:00 Akzent Theater Theresianumg.18

› Admission: Categ.A: €22,

Categ.B: €18, Categ.C: €14,

Categ.D:€10

More information and online tickets: www.akzent.at India Handicrafts Fair March 25th to 30st Heldenplatz, 1010 Vienna

› FREE ADMISSION

› 50 exhibitors from India

showing Indian Fashion Jewellery and Accessories, Indian Textiles and Decorative Items

India Experience LIVE!

March 25th to 30th Ethnology Museum Heldenplatz, 1010 Vienna

› FREE ADMISSION

› LIVE craftsmen, artists, music

and dance performances

› Indian Delicassies catered by

Restaurant Nirvana Indian Food Festival

March 15th to 31st Radisson Blue Palais Hotel Vienna Parkring 14-16 - 1010 Vienna

› Daily Lunch Menu (12:00 to

14:30) €14/person incl.

Mangolassi

› Daily Dinner Buffet (18:00 to

21:00) €24/person

Workshop on "Information Technologies and Innovation in Sanskrit-Based Indian Studies" March 25th and 26th, 09:00-18:00 University of Vienna, Institut für Südasien-, Tibet- und Buddhismus-kunde, Spitalgasse 2-4, Hof 2, Eingang 2.1 and 2.7 - 1090 Vienna Registration mandatory before March 15 via email at: [email protected]

Seminar on Indian Classical Dance - "Tradition and its challenges in accommodating modernity" March 16th, 18:00 Key-note speaker:

Mrs. Leela Venkatraman AULA Campus der Universität Wien Spitalg. 2, Hof 1.11 - 1090 Vienna Registration mandatory via email at: [email protected] Seminar on Indian Music - "Manganiars of Rajasthan: hereditary musicians in an era of globalization" March 21st, 18:00 Key-note speaker: Dr. Shubha Chaudhuri AULA Campus der Universität Wien Spitalg. 2, Hof 1.11 - 1090 Vienna Registration mandatory via email at: [email protected] Indian Film Week March 18th to 24th 'De France' Cinema Schottenring 5 - 1010 Vienna

› FREE ADMISSION

Reservations required at www.votivkino.at(reservations start on March 10th)

The Indian Embassy looks forward to seeing you at the

Festival of India 2011 More infos at www.indianembassy.at

india newsletter 03.2011

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