India Newsletter 11.2012

India Newsletter | 1

INDIA NEWSLETTERPublished by the Embassy of India, Vienna

Year 2 | Issue 23 | November 2012

FeatureSEMICONDUCTORINDUSTRY

2 | India Newsletter

News

QUICK FACTSSnapshot of last month’s Highlights

The revenue from data services is expected to increase from US$

3.9 billion in 2011 to US$ 19.3 billion

by 2020.

India is world’s top-ranked country in

terms of life insur-ance density. It is fol-lowed by China, Ja-pan, US and UK.

Retail investors will get the e-IPO facility to submit their bids elec-

tronically at 400 locations, in the first

phase, by January 1, 2013.

The value of Participatory Notes (PNs) issued based on equity de-

rivatives touched a five year high of

Rs 73,260 crore (US$ 14.03 billion)

at the end of August 2012.

The tablet market in India has reg-

istered a growth of 673 per cent during April-June quarter of 2012, from a year ago period.

PE firms invested about US$ 2.52 billion in 97 deals during the July-

September 2012 period in India.

PE deals in the Indian FMCG space were recorded at US$ 351.96 mil-

lion during January-September 2012,

as compared to US$ 71.30 million a

year ago.

The Government of India will spend

Rs 300 crore (US$ 56.75 million) on cy-ber security this year.

Recruitment activities in India reg-istered a growth of 9 per cent in

September 2012 as compared to the corresponding period last year.

Big data will drive US$ 28 billion of worldwide information tech-

nology (IT) spending in 2012 and is expected to reach US$ 34 billion in 2013.

India’s tablet personal computer (PC) market is expected to touch

7.3 million units by 2015-16, from around 1.7 million units currently.

India has emerged as one of the top

five investment desti-nations in the world.

Foreign institutional investors’ (FIIs) net inflow into Indian equi-

ties stands at US$ 18 billion so far in 2012, the second highest in a calen-dar year since 1992.

Five Indian com-panies—Larsen

& Toubro, Hindustan Unilever, Infosys, TCS and Sun Pharma—have entered the list of world’s 50 most in-novative firms.

Digitisation in the top four met-ros in India—Delhi, Mumbai,

Chennai and Kolkata—has reached

93 per cent as on October 30, 2012.

Indian consumers spend between US$ 27 and US$ 43 a month on an

average on 3G services.

The volume of investment in

Ahmedabad, Bhu-baneswar, Chandi-garh, Coimbatore, Jaipur, Kochi, Indore, Nagpur, Vadodara and Visakhapatnam increased by over seven times in the last two years.

The eight core sectors—coal, crude oil, natural gas, petroleum

refinery products, steel, cement and

electricity—touched a seven-month

high, growing by 5.1 per cent in Sep-

tember 2012.

Foreign invest-ments in India

through participa-tory notes touched a seven month high at Rs 1,46,600 crore (US$ 27.30 billion) in September 2012.

India’s primary healthcare market worth US$40 billion is expected to

exceed US$ 200 billion in ten years.


PrAmmer To PArLIAmeNT PreSIDeNTS meeTING IN DeLHIIndia-Austria Relations

The 7th meeting of parliament presidents took place in New Delhi. This exchange of information has been organised by the Indian Parliament and by the Inter-Parlia-mentary Union (IPU). Michelle Bachelet, managing director of the UN women’s organisation UN Women, also partici-

pates in the conference. Barbara Pram-mer, President of the Austrian National Council, called on her colleagues to con-sistently put women’s issues on the po-litical agenda.

Presidents of parliaments from around the world will discuss the topic of “gen-der-aware parliaments” for two days. The focus of the talks: measures to achieve more gender justice in accordance with democratic structures, such as consist-ent increase of the number of women in leading administrative positions and political functions, targeted plans for sup-porting women, gender mainstreaming and awareness raising among MP.

President of the National Council Pram-mer emphasised in her statements the topicality of a gender-aware culture and

infrastructure of parliaments. Among other things, she pointed out that in-creasing the share of women in parlia-ments around the world is a major factor for the change of political culture. She mentioned the promotion plan for wom-en of the Austrian Parliament as a posi-tive example: At the moment, the leading positions of the parliament head office are staffed almost equally by women and men.

However, Prammer has a critical opinion of the ratio of women and men among the MPs. According to the ranking of the IPU, Austria ranks 35th in the world with a share of 27.9 per cent of women in its Parliament. Prammer said that this may be relatively good in comparison, but it by far is not satisfactory. Being a tried,

mINISTer DorIS BUreS IN oFFICIAL VISIT To INDIAIndia-Austria Relations

Accompanied by a top-class economic and technology delegation, Transport and Technology Minister Doris Bures travelled to New Delhi for four days. In the Indian capital, Bures met four Indian Ministers to present the excellent Aus-trian technology successes in the areas of transport, railways, Smart Cities and river shipping. On the occasion, the following agreements have been signed:

Letter of Intent for the area of transport technology with the min-istry for roads, Surface Transport and motorways: Thanks to the coop-eration agreement (“Letter of Intent”) for the area of transport technology, the economic cooperation of the two coun-tries in the transport and infrastructure area will be expanded even further. Aus-trian companies such as Kapsch Traffic Com, Swarco or Frequentis are technol-ogy leaders in the area of intelligent traf-

fic systems. Their technologies are used e.g. in traffic electronic data transmission, traffic management, in electronic toll sys-tems, LED signalling technology or traffic controlling units.

India too is interested in this know-how from Austria, in no small part due to the fact that India is committed to expanding its traffic infrastructure. In the context of the “National Highway Development Programme”, a total of 157 billion Euros will be spent on the upgrade of road in-frastructure by 2015.

memorandum of Understanding with the ministry of Shipping: In the field of inland water transport technol-ogy, Austria has a number of world-class services to offer. For example when it comes to waterway management. The river waterway information system “RIS / River Information System” was devel-oped thanks to Frequentis and Via Do-nau, a subsidiary of the Federal Ministry for Transport, Innovation and Technology. It is the role model for all of the Euro-pean river shipping and already in use at the Nile River as well.

In terms of language and data communi-cation as well as port infrastructure, Aus-trian companies can refer to a number of successful projects as well. Finally, se-curity technologies for coastal and port management made in Austria are among

the best in the world as well.

India is barely using the transport capaci-ties of its rivers. There is no noteworthy transport of persons or goods at any of the rivers such Ganges, Indus, Gofavari, Krishna, Kaveri, Tapti, Godavari, Mahanadi or Narmada.

Actually, transport of goods by shipping is one of the most environment friendly means of transport. Per ton of freight moved, less than half the amount of CO is generated when compared to trans-port by truck. The Indian government has recognised these untapped capacities and tackled the “Indian National Waterways”. A total of four national waterways are to span the country. Some of the waterways have already been completed.

The 1000-km long Waterway Number 4 (it connects the states Andhra Pradesh, Tamil Nadu and Pondicherry) alone is to see an annual transport of 11 million tons of freight in a couple of years according to the public expansion plan. The pri-mary goods will include coal, rice, grain, cement and fertilisers. For comparison: At the Austrian part of the Danube, 9.9 million tons were transported in 2011 according to Statistics Austria. Officially, the waterway is to be completed in 2013. SOURCE: Austrian Ministry of Transport and Technology

Articles


tested and useful tool, quotas should be considered periodically in this context.

Good Austrian-Indian contacts

Meira Kumar, Speaker of the Indian Low-er House (Lok Sabha), emphasised in a bilateral talk that she and Prammer have been connected by a cordial relationship since the beginning of Kumar’s term in

office. Her first foreign visit after hav-ing assumed office led her to Austria in September 2009 following an invitation by the President of the National Council. She values especially Prammer’s support for women’s issues, also on the interna-tional parliamentary level, and is grateful that Prammer attends the conference of

parliament presidents. Kumar also em-phasised the traditionally good contacts between India and Austria.

In this context, Prammer spoke of the preliminary works for the project “Young Leaders’ Project” between India and Aus-tria intended to further deepen the rela-tions. SOURCE: Austrian Parliament

mINISTer BerLAKoVICH oF AUSTrIA VISITS INDIAIndia-Austria Relations

AmBASSADor r. SwAmINATHAN meeTS BArBArA PrAmmer AT THe oPeNING oF THe exHIBITIoN “INNoVATIoN CoUNTry AUS-TrIA” India-Austria Relations

The Federal Minister for Agriculture, For-estry, Environment and Water Manage-ment, Dr. Nikolaus Berlakowitsch, visited India from 17th to 19th October 2012

to participate in the 11th meeting of the Conference of the Parties (COP 11) to the Convention on Biological Diversity (CBD), which is organized by the CBD

Secretariat. The High Level Segment was held from 17-19 October 2012 at Hy-derabad, Andhra Pradesh, India, 17-19 October 2012.

From Monday 15 to Friday 19 October 2012, the exhibition “Innovation country Austria” in the Pillar Hall (Säulenhalle) presented trend-setting technological developments made by Austrian compa-nies. The exhibition was organised on ini-tiative of the Federal Ministry for Trans-port, Innovation and Technology together with Austrian enterprises. It gave the op-portunity to take a look at the diverse innovation achievements of the Austrian economy. The innovations range from

a pizza vending machine over a control unit to a satellite model. A model of the Ariane rocket in front of the Parliament refers to the event inside the Parliament building.

Ambassador of India to Austria, R. Swa-minathan, attended the opening of the exhibition, where he met Parliament President, Mrs. Barbara Prammer.

Foto Source: Parlamentsdirektion/Bilda-genturZolles KG/Mike Ranz

Articles


FIVe INDIAN FIrmS AmoNG worLD’S moST INNoVATIVeAs published on Forbes magazine’s list of The World’s Most Innovative Companies

Five Indian companies including Lars-en & Toubro, Hindustan Unilever and Infosys are ranked on Forbes

magazine’s list of The World’s Most In-novative Companies topped by four US companies.

Larsen & Toubro with an annual sales growth of 19% is ranked ninth in the world followed by Hindustan Unilever (12) with 11.4%. Infosys (19) comes third with 12.7 percent growth thanks to what the US business magazine called a lower “innovation premium.”

This measures the difference between the value of the company’s existing busi-nesses and its expected future innova-tions. Companies must also have $10 bil-lion in market capitalization and spend at least one percent of their asset base on research and development.

Tata Consultancy Services (29) with 19.5% was fourth among Indian compa-nies with Sun Pharmaceutical Industries

(38) with a 14.6% growth bringing up the rear.

Four US companies - Cloud computing king Salesforce.com, drug major Alex-ion Pharmaceuticals, internet retail giant Amazon.com and open source software leader Red Hat took the top four places.

Forbes said its analyses show at least three key things that the innovative com-panies do to create and sustain an inno-vation premium.

These were: How well companies lev-erage people, process, and philosophies, differentiates the best in class from the next in class when it comes to keeping innovation alive and delivering an innova-tion premium year after year.

Forbes also featured SD Shibulal, co-founder and CEO of Infosys (#19 this year; #15 last), calling him “both observer and experimenter.” In his 30 years at In-fosys Shibulal says “there is nothing that I have not done.”

He was the first sales person, has done

account management, launched its in-

ternet consulting practice, is a network

expert, helped design and launch its first

ecommerce application, and has been the

head of both delivery and sales, the maga-

zine noted.

To get a new perspective, Shibulal took

a five year sabbatical to work for anoth-

er firm, Sun Microsystems, Forbes said.

He’s also known as an experimenter and

“gadget freak” and revered as a “gizmo

guru.”

Forbes said it had found that successful

leaders personally understand how inno-

vation happens and they try to imprint

their behaviours as processes and phi-

losophies within their organization.

INDIA wILL BeCome THIrD LArGeST CArmAKer By 2018By Felix Kuhnert, Partner at PwC

India is likely to become the third larg-est car producer by 2018 (after the US and China), helped by a shrinking

European car market and shift in manu-facturing to emerging economies.

At the end of last year, it was fifth after South Korea, Germany, Japan and China.

Felix Kuhnert, Partner at PwC and the Automotive Industry Leader for Europe, said registration numbers have declined in Europe for the fifth year. Apart from the German firms (and Land Rover), most carmakers in the region are strug-gling to post growth.

The BRIC nations, along with recovery of the US and Japanese markets, are ex-pected to be “saviours” of the global car industry, which is slated to grow to 79 million units this year (from 74 million last year).

“In Europe, the capacity utilisation is sig-nificantly below the average industry av-erage of 75 per cent. The market cannot grow there because the demographics are such that the population is declining.

“The scrappage schemes announced a few years back had sucked a lot of de-

mand out, because of which today cus-tomers are not buying cars,” Kuhnert said.

This is why Kuhnert feels that though Europe may see growth from next year, reaching the 2007 production of 19 mil-lion units will prove elusive – in 2011, only about 16 million cars were made in Europe.

IMPROVING EXPORTS

India’s car export woes may also be over from next year. Kuhnert said that North-western Europe (the UK, France and Germany) are expected see an improve-ment in small car demand from next year, though southern countries such as Spain and Italy will take longer to turnaround.

Europe is the biggest destination for In-dian made small cars. Renault-Nissan and Hyundai export about half their pro-duction from India, while market leader Maruti Suzuki also supplies significant numbers overseas.

Articles


INDIAN eNGINeerING SerVICeS IN DemANDReport released by Nasscom and Booz & Company

LemKeN SeTS UP FIrST NoN-eUroPeAN PLANT IN NAGPUrGerman company settles in India

Despite a slowdown in the world economy, Indian engineering ser-vice providers will see growth

due to availability of skilled talent pool coupled with a shortage of engineers in the developed markets.

According to a report released by Nass-com and Booz & Company, the growth is attributed to flexible business models, shorter product life cycles of engineer-ing companies, decreasing time to market and flexibility in offering end products.

Indian engineering research and develop-ment (ER&D) market is expected to add to future growth with automotive, con-sumer electronics and telecom contrib-uting by over 50 per cent to offshoring

revenues by 2020, the report said.

Ravi Pandit, Chairman, Nasscom Engi-neering Forum, Pune and Group CEO, KPIT Cummins, told Business Line that the future growth will be driven by a need for IP and co-innovation, to meet the growing demand in emerging econo-mies as well as fast evolving customer preferences.

“Global automotive or aerospace com-panies are increasingly asking Indian com-panies to co-develop a product instead of working on specifications set by them such as building infotainment systems in-side a car or new wing technology for an aircraft,” said Suvojoy Sengupta, Managing Director, India, Booz and Co.

Indian engineering research and develop-ment outsourcing industry is set to reach $37- 45 billion by 2020, according to the report. This will be about 35 per cent of the overall ER&D market, which is es-timated to reach $118 billion by 2020. Currently, this market is pegged at $10.2 billion.

This will be driven by companies in sec-tors such as chemical, medical and au-tomotive. In addition, the Government is expected to provide a boost to engi-neering in India through investments in infrastructure development in 2012-17 in telecom and energy and construction sector, the report added.

In a bid to take a slice of the estimated Rs 3,000-crore agro equipment mar-ket in India, Germany-based manufac-

turer Lemken GmbH and Co KG has set up its first non-European manufacturing unit at Butibori, Nagpur.

In the first phase of operations, its whol-ly-owned subsidiary Lemken India Agro Equipment Pvt Ltd, will make hydraulic reversible ploughs that can be used on tractors over 40 HP in power.

The company has invested Rs 60 crore to set up this facility and plans to imple-ment a second phase, involving an equal amount, to make seedbed preparation implements, cultivators and disc harrows a year or so later.

Nicola Lemken, Partner, Lemken, and the seventh generation of ownership of the family-run-business, said the Nagpur plant will cater to the growing demand for agro equipment in India. Lemken also

plans to export to countries in South-East Asia and Africa form here.

The Nagpur facility has the capacity to make 3,000 units annually in the first phase, which will be scaled up to 5,000 units in the second phase.

“All the equipment will be locally made from imported boron steel, Arvind Ku-mar, CEO, Lemken India said, adding local manufacture will make equipment 40 per cent cheaper in comparison to importing.

INDIA GAINING ImPorTANCe IN G20by US Federal Reserve chairman Ben Bernanke

India is gaining in importance among the G20 countries according to US Federal Reserve chairman Ben Ber-

nanke, who was in Mumbai along with US treasury secretary Timothy Geithner.

Bernanke and Geithner had two meet-ings in Mumbai - a session with business leaders and a subsequent meeting with the top management of Reserve Bank of India (RBI). Addressing the media, Ber-nanke said, “India is clearly becoming a more and more important player on the world stage in G20 context, in terms of its role in the global economy. It is very useful for us to exchange ideas and build the basis for future collaboration.”

The Fed chief said that in the RBI meet-ing, the central bankers discussed what

is going on in the US economy and the Indian economy, and they also talked about monetary and regulatory policies. Bernanke’s visit is the first by a sitting Fed chief.

Introducing Bernanke, the central bank’s governor D Subbarao said that the US Fed chief stood for his aggressive use of quantitative easing (QE) and the use of innovations as he went along. “QE be-came ‘credit easing’ when private assets were bought to stabilize financial mar-kets, followed by another unconventional move - ‘operation twist’,” said Subbarao. He added that the crisis has pushed cen-tral bank policy making into uncharted territory. “We will not know for many years whether the policy mix we have followed is right. Even so, in real time, all

of us have to struggle with the challenge of managing the new trilemma - balanc-ing fiscal sustainability, price stability and financial stability,” Subbarao said.

Earlier, US treasury secretary Geithner met industry captains in a meeting organ-ized by CII. They discussed ways in which the US and India can deepen bilateral economic engagement. Other partici-pants included CII president and Godrej Group chairman Adi Godrej, CII direc-tor general Chandrajit Banerjee, HDFC chairman Deepak Parekh, ICICI Bank MD Chanda Kochhar, Kotak Mahindra Bank MD Uday Kotak, Jubilant Life Sciences MD Hari Bhartia, TVS Motor Company CMD Venu Srinivasan, IDFC MD Rajiv Lall and Tata Sons director ( finance) Ishaat Hussain.

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BeNeFITS oF FUrNISHING A PermANeNT ACCoUNT NUmBer (PAN)Gently compiled by Dezan Shira & Associates

INDIA-GermANy To ACHIeVe TrADe TArGeT oF €20BILLIoNBy Shri Anand Sharma, Union Minister of Commerce Industry and Textiles

GermAN CerTIFICATIoN FIrm TUV SUD SeTS UP LAB IN GUrGAoNGerman company settles in India

As per Section 206 AA, any indi-vidual who receives any sum or income or amount on which tax

is deductible shall furnish his/her perma-nent account number (PAN) to the tax deducting authority. Failure to furnish a PAN card will attract tax deductions at higher rates under the following terms:

• At the rate specified in the relevant provision of this Act; or

• At the rate or rates in force; or

• At the rate of 20 percent.

An individual and the deductor will fur-nish the individual’s PAN card number in the entire communication, bills, vouchers

and other documents which are sent to each other. If the PAN card number pro-vided by an individual is incorrect/invalid then it is considered that an individual has not furnished his PAN details to the deductor and the provisions of sub-sec-tion (1) shall apply accordingly.

For getting your company’s documents attested for your PAN application, please get in contact with the consular wing of our Embassy, which attests the legitimacy of the Austrian documents submitted by you. The Embassy does not process the submission of the application itself. Once the documents have been attested, these must be submitted in India via your In-dian corresponding party.

For clarification or further details con-cerning document attestation for your PAN application, please feel free to con-tact our Embassy’s commercial wing.

For further corporate assistance, including is-sues related to PAN applications, you might consider contating Dezan Shira & Associ-ates, a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compli-ance, accounting, payroll, due diligence and financial review services to multinationals investing in emerging Asia. For further details or to contact the firm, please email [email protected], or visit www.dezshira.com

The Union Minister of Commerce Industry and Textiles Shri Anand Sharma has said that India and

Germany will achieve the trade target of Euro 20 billion (USD 26.16 billion) this year. The trade between the two coun-tries stood at USD 23.566 in 2011. “In-dia and Germany have set a trade target of Euro 20 billion (US$ 26.16 billion) to be achieved by 2012 and I am sure that we will be able to reach this target if not cross it with efforts from both sides,” said Shri Sharma after the meeting with Dr. Phillipp Roesler, Minister of Eco

nomic and Technology and Vice Chancel-lor of the Federal Republic of Germany.

Both the leaders also reviewed the pro-gress of India EU BTIA and expressed the desire that it a balanced and ambitious agreement be reached soon. The Chief negotiators are meeting and a delegation is coming to pursue the issue of declar-ing India Data Secure which is an impor-tant demand from Indian side. “We have proposed the principal of incremental ap-proach so that what may not happen now can be included later. But what we have on the table from both the sides, it is fair-ly robust. We will now leave it to nego-

tiators to bring it to its early conclusion .... We will have a ministerial scheduled either for December or January, depends on how fast they work. That time, hope-fully, we will announce the conclusion of the negotiations,” Minister Sharma told reporters after the meeting.

In 2011 Indian export to Germany stood at $ 8.25 billion and import were $ 15.31 billion. FDI inflows from Germany into India is around $ 4.9 billion and it ranks 8th among investors in India. FDI flow from India into Germany is $ $ 5.9 billion in 2011.

German testing and certification company TÜV SÜD has set up a laboratory in India, equipped to

meet requirements across sectors, from nutritional products and food supple-ments to leather and toys to jewellery.

Touted to be the company’s largest test-ing laboratory across India, Bangladesh and Sri Lanka, the lab comes at a time there is greater consumer and regula-tory concern on the presence of pesti-cide residues in food or trace elements in toys, Ishan Palit , Chief Executive of TUV SUD’s product service division told Busi-ness Line.

The €1.7 billion company has 10 labs in the country, but the new lab located in Gurgaon will be a hub to service compa-nies in North India, similar to an existing hub in Bangalore for companies in South India. Its other labs are located close to industrial clusters, like Ambur in Tamil Nadu that exports leather products; or labs to certify textile and apparel, located in Mumbai, Delhi and Bangalore.

The company, that has been present in India since 1994, will invest € 5 million (about 35 crore) in the new lab and the other satellite labs, he said. The company clocked revenues of € 20 million (Rs 140 crore) in 2011.

An accredited lab for food testing, the company is also notified to certify medi-cal equipment, he said. The new lab is equipped with technology ranging from handling the physical and chemical as-pects of testing, he said. So in food or textile, it would be testing products to check their packaging or ability to withstand handling pressures, and these would be handled separately for differ-ent products, he explained. The chemical analysis would involve more sensitive and dedicated equipment to check for anti-biotic or pesticide residues in food, azo dyes in textile or lead in toys, he added.

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The Government of India is hosting a meeting of the Ministers of Re-newable Energy of ASEAN coun-

tries and India in New Delhi. In the meet-ing, the Ministers in-charge of Renewable Energy of ASEAN member countries and India would deliberate upon and discuss policy and regulatory framework for pro-motion of renewable energy in ASEAN member countries and INDIA. Financ-ing of renewable energy, cooperation in research and development, technology transfer and resource assessment would be specific issues that would engage their attention.

Prior to the Ministerial level meeting, a two-day workshop on renewable ener-gy of experts and policy planners from ASEAN countries and India is being or-ganized by Ministry of New and Renew-able Energy (MNRE), Department of Sci-ence and Technology (DST) and Global Innovation Technology Alliance (GITA) and is scheduled in New Delhi on 5-6 November 2012. The workshop aims at sharing of experience among participat-ing countries on the development and deployment of renewable energy, and also identifies institutions for establishing long term cooperation between institu-tions in India and ASEAN countries. The workshop would also discuss technologi-cal strengths and manufacturing base of the participating countries in order to forge useful partnership. The workshop would have the benefit of discussing pos-sible topics/projects for industrial R&D to be considered under ASEAN-India S&T Development Fund (AISTDF) which is jointly created by DST and Ministry of External Affairs, Government of India and managed by “Global Innovation and Technology Alliance” (GITA)-A Section 25 Company.

Discussion on Global Technology trends in Renewable Energy Technologies, Re-newable Energy Technologies and manu-facturing base in ASEAN countries and India, development and deployment of renewable energy, identification of areas

of co-operation in R&D and technol-ogy transfer, identification of institutions for establishing long term cooperation, Focus on cooperation in resource as-sessment of renewable energy sources, identification of industrial R & D projects for support under ASEAN-India S&T De-velopment Fund are the major objectives of the Workshop.

About 250 participants including Policy makers and senior officials responsible for renewable energy activities in ASE-AN member countries, Technology and Industry experts, from the participat-ing ASEAN countries are expected to participate. The eminent speakers from Government, Industry and Experts will share their knowledge and expertise through presentations, panel discussions and case studies. Experts from GITA and International Renewable Energy Agency (IRENA), Abu Dhabi would make presen-tations on their activities.

The two day Workshop will include a Technical Session covering the following themes

• Trends in Renewable Energy Tech-nologies: Wind Power, Solar, Biomass.

• Assessment of Potential and identifi-cation of potential locations.

• Possible areas of cooperation in R&D and Technology Transfer.

• Identification of industrial R&D pro-jects for support under ASEAN-In-dia S& T Development Fund.

• Future Areas of cooperation in Re-newable Energy.

The Programme will be inaugurated by Shri Gireesh B.Pradhan, Secretary, Minis-try of New and Renewable Energy. The resolution for cooperation in Renewable Energy among the ASEAN countries will be adopted in the Ministerial Meeting on 7th November, 2012.

INDIA AND ASeAN To exPLore AreAS oF CooPerATIoN IN New AND reNewABLe eNerGyBy the Ministry of Information and Broadcasting

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INDIA AND FrANCe SIGN AGreemeNT IN UrBAN DeVeLoPmeNTIndia Internationally

Shri Kamal Nath, Union Minister of Urban Development, and Ms. Nicole Bricq, Minister for Foreign

Trade, Government of France signed an Administrative Agreement in the field of Sustainable Urban Development in Paris. Speaking on the occasion, Shri Kamal Nath expressed appreciation for the related work in the field of Sustain-able Urban Development carried out in France and felt that India could benefit immensely from the French experience.

Earlier, Shri Kamal Nath held talks with Ms. Nicole Bricq. The two Ministers expressed satisfaction at the maturity reached in the strategic relations be-tween India and France. The two Minis-ters discussed ways to enhance econom-ic and commercial relations between the countries. Shri Nath briefed the French Minister about the recent decisions tak-en by the Government of India to further liberalise the Foreign Direct Investment (FDI) regulations in India and reiterated

the Government’s commitment to con-tinuing with liberalization of the Indian economy.

Shri Kamal Nath stated that both India and France would benefit from the Agree-ment as it would provide an enabling platform for the officials, professionals, business leaders and local self-governing bodies to meet and share knowledge and best practices in the urban sector. He ex-pressed the hope that this Joint Declara-tion would lead to enhanced cooperation and deepen the engagement between the two countries. He invited the inter-national firms including French firms to participate in the process of making cities greener and more sustainable. This offers avenues for further cooperation in the coming years.

The implementation of this Agreement will take place under the aegis of the Indo-French Joint Working Group on Urban Development comprising repre-

sentatives from the Ministry of Urban Development (India) and the Ministry of Regional Equality & Housing and the Ministry of Ecology, Sustainable Develop-ment & Energy (France).

Shri Kamal Nath also participated in a business roundtable organized by the MEDEF International. The roundtable was attended by leading infrastructure companies.

Speaking on the occasion, the Minister highlighted the immense challenges and opportunities that exist in the urban sector in India today. He informed that India would soon launch the next phase of the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) and that the Government of India is keen to encour-age Public-Private Partnership (PPP) in urban sector, especially in larger cities, which would ease the process of invest-ment and involvement in the burgeoning urban sector in India.

SweDeN, INDIA SeeK To SHAre eNerGy TeCH KNow-HowIndia Internationally

Swedish energy technology compa-nies are keen to collaborate and mutually share know-how with In-

dian companies apart from learning some of the best practices.

Addressing the CII Green Business Con-gress, Marita Ljung, State Secretary, Minis-try of Enterprise, Energy and Communi-cation, Sweden, said that global warming continue to be a major challenge and there is immense pressure on natural re-sources.

The climate change poses a great chal-lenge for all of us with the immediate target are to bring down by at least 2 per

cent. We cannot go on this way. Innova-tion is key to address this and ensure sustainability. This will be possible only by research and development, she felt.

She said there is need to change norms and attitude of people towards conserva-tion.

Later, speaking at the Swedish Energy Agency stall at the exposition, she said that there is heightened interest in co-operation between Indian and Swedish technology companies.

Ludvig Lindstorm, Senior Program Man-ager, Swedish Energy Agency, said that the potential for cooperation is huge follow-

ing the National Innovation Council visit to Sweden last year. Apart from potential to work together by forming joint ven-ture companies, there are opportunities for collaboration between companies in both the countries. This will also lead to investments as companies collaborate.

Referring to some of the companies which are keen to work with Indian com-panies, he said Absolicon Solar is into solar collectors, ClimaCheck is into tech for heating and cooling systems, Nlab Solar is focussing on due sensitised so-lar cells. Several others are also keen to learn from Indian companies, he said.

Articles

THe emBASSy’S BUSINeSS CeNTre IS oPeNeDTUeSDAyS AND FrIDAyS (New!!) From 11Am To 1Pm

without appointment. For scheduling an appointment outside the opening hours,please contact the commercial wing under the contacts given below.

Marketing Officer: [email protected] or 01 505 8666 30Marketing Assistant: [email protected] or 01 505 8666 31


INDIA-US BIoTeCHNoLoGy TIe-UP To INVeST IN joINT reSeArCHIndia Internationally

The Association of Biotechnology Led Enterprises (ABLE), the apex body of the biotechnology sector

in India, and the US-based Washington Bi-otechnology and Biomedical Association (WBBA) have signed a memorandum of understanding (MoU) to enable broad ranging co-operation in the field of bio-technology. The duo will support break-through discoveries in healthcare, agri-culture and clean energy in the country.

Both ABLE and WBBA are to provide each others’ members an opportunity to co-operate and invest in the State of Washington and in India, in the field of biotechnology. These activities could be current ones that both associations are engaged in, or future ones that both may decide to do individually or jointly.

Activities could concern technical knowl-edge, market research, inputs for policy making, internships, exhibitions, work-shops, seminars, capacity building, col-laborations, investment and business partnering.

P. M. Murali, President, ABLE said, “The collaboration aims to achieve break-through discoveries to provide affordable solutions for critical diseases, important challenges in agriculture and energy on mutually agreed topics.”’

Chris Rivera, President, WBBA said, “We see India as the growth engine of to-morrow and one of the fastest growing economies in the world. The collabora-tion with ABLE is significant to facilitate best of research in biotechnology from both the countries.”

Articles

INDIA AND NeTHerLANDS AGree To STreNGTHeN CooPerATIoNIndia Internationally

On the invitation of Ms Edith Schippers, Minister of Health, Sports and Welfare, Govern-

ment of Netherlands, Shri Ghulam Nabi Azad, the Union Minister of Health & Family Welfare visited the Netherlands.

During his two day visit, Shri Azad at-tended the Ministerial Meeting on the Responsible Use of Medicines and Anti-Microbial Resistance at Amsterdam and held a bilateral meeting with Ms Schip-pers at The Hague.

Addressing the Ministerial Conference, Shri Azad said responsible and rational use of medicines is an important part of the national health policy in India. He said that due to high out of pocket expendi-ture on health, of which a larger part is on medicines, it is vitally important that drugs are prescribed rationally. He high-lighted the need to look at adherence to Standard Treatment Guidelines, curbing unethical promotion of medicines by the drug manufacturers, better regulatory control over prescriptions and dispensing of medicines and to make the consumer aware the hazards of self medication. He said several steps have been taken by the Ministry of Health & Family Welfare to-wards universalization of health care in its endeavour to make health care ser-vices accessible, affordable and equitable, such as Free Maternal Health Services,

Free Child Health Services, Free Immuni-zation, Adolescent Health Services, Fam-ily Planning Services, NCDS and JSSK.

Shri Azad said the Government of India proposes to further expand the Initiative for Universal Health Coverage by taking up Free Supply of Essential Medicines in Public Health Facilities in the country. This step, he said, is aimed at provid-ing affordable health care to the peo-ple by reducing out of pocket expenses on medicines. Besides, Universal Health Coverage will also promote rational use of medicines and reduce the consump-tion of inessential medicines.

During the discussions on the issue of anti-microbial resistance, Shri Azad pointed out that this is an area of serious concern the world over. He stated that the Ministry of Health & Family Welfare has developed the National Policy for Containment of Antimicrobial Resist-ance to tackle the issue of antimicrobial resistance and promote rational and re-sponsible use of antibiotics in India. He highlighted certain salient features of the the National Policy for Containment of Antimicrobial Resistance India, such as curbing antibiotic use in animals, con-ducting infection surveillance in hospi-tals, improving hospital surveillance for monitoring antibiotic resistance, promot-ing rational drug use through education,

monitoring, and supervision, developing and implementing a standard and more restrictive antibiotic policy, educating health professionals in good prescribing practices and using prescription guide-lines, promoting improvements in per-sonal and hospital hygiene and hospital infection control programmes, establish-ing a multidisciplinary national body to coordinate policies on antibiotic use and monitor their impact, promoting systems of supervision, prescription audit and feedback in institutional settings to en-sure rational use of antibiotics.

Following the Ministerial Meeting, a bi-lateral meeting was held between Shri Ghulam Nabi Azad and Ms Edith Schip-pers in the Ministry of Health, Sports and \Welfare at The Hague, Netherlands. During the bilateral meeting several mat-ters of mutual interest and benefit were discussed.

Shri Azad and Ms Schippers agreed to further strengthen bilateral cooperation through signing of a broad based MoU be-tween the two governments in the field of health & medicine for mutual benefit as well as a sectoral MoU between the respective food regulatory authorities to formalize cooperation in the important area of food safety.


Announcement

The National Foundation for Communal Harmony (NFCH) observes the Com-munal Harmony Campaign week every year from 19th to 25th November and the last working day is celebrated as Flag Day of the Foundation. This year the Flag Day will be on 23rd November, 2012.

On this occasion, we invite all the Chil-dren of Indian Origin in Austria, belong-ing to age group 6 to 14 years for a Paint-ing Competition.

The Theme for the Painting Competition:

“Vibrant Colors of India- Commu-nal Harmony”

The entries are invited in three catego-ries and the best three paintings in each category will win exciting prizes.

entry rules and Conditions:

Children can participate in three Age Groups:

A) 6 to 8 years.

B) 9 to 11 years.

C) 12 to 14 years.

1) Paintings must be done on A4 OR A3 papers.

2) Full name, age (day, month, and year),

gender and full address including phone and e-mail (in English) must be on the back of the painting.

3) Style of painting is free: crayons, col-oured pencils, watercolours, poster col-ours etc.

4) Do not include any words or descrip-tions in the paintings.

5) Paintings must have the above men-tioned theme. Paintings will be judged on originality, artistic merit and relevance to the theme.

6) Only hard copies of paintings will be accepted.

7) One Child can submit only one entry.

8) Last day of submitting the entries is 26th November 2012.

9) Entries can be delivered physically or by Post to:

Embassy of India,

Kärntner ring 2 (2nd Floor)

1010 Vienna, Austria

Working Hours:

Monday to Friday (except holidays):

from 0900 hrs – 1730 hrs (Lunch break: from 1300 hrs – 1330 hrs)

10) Winners will be selected through a fair and impartial selection by the organ-izers.

11) The winners will be announced on 6th December 2012.

12) The prize distribution to be held as a part of Republic Day Celebrations in January, 2013.

PAINTING ComPeTITIoNChildren painting competition


Germany, India’s largest trading partner in the European Union, is bullish about prospects here.

In an exclusive interview to Business Line, the newly appointed German Am-bassador Michael Steiner outlines what the recent decision to liberalise FDI in aviation and retail means for German business.

Excerpts:

Q: what kind of opportunities are the Government’s decision to liber-alise foreign direct investment rules in aviation and retail creating for German businesses?

A: In India, there is a reforms policy which has started, and we have to see whether it is sustainable, whether it is brought through Parliament, but the policy has started. This has had an effect. CEOs in Germany see the newspapers and feel something is happening.

Q:Is this the message that you are getting from German industry?

A: Before I left Germany to take up my post here, I spoke to CEOs in medium and big companies. Their thinking was not to put all the eggs in one basket. They said India is the future, but were hesitating be-cause of all the bad news. Now just be-cause the reforms process has restarted, it does not mean that people will jump in. The process needs to be sustained. This week we have the Asia-Pacific conference in Gurgaon, in which 800 businessmen are going to take part. This conference is about German industry talking about Asia. Of course, they will try to find out whether these times will continue. They want the good times to continue because every decision maker sees India both in the actual situation and also as a prospec-tive situation. India is a country which is going up, not down. The question is how steep is the ascent.

Q: How long are the Germans will-ing to wait?

A: The world is full of countries looking for long-term investments. India has a huge advantage over a number of coun-tries, as its democratic system provides long-term stability. But India has another asset in its enormous market. This is an ideal moment because if these inves-

tors had come half a year ago things would have been very bad, because I think the country and the executive were not ready to embark.

Q: what are the sticking points in the free-trade a g r e e m e n t (FTA)?

A: A free trade and investment agree-ment is not some-thing for the next year or even for the next five years. The time horizon for a programme like this is 15 years. That means you have strategic in-terests. But if you come to negotiations on detailed issues you have interests of the auto makers in Europe and here. And those are not necessarily identical, because they are on different levels of IT access. Free trade and investment are very broad issues. It is not about cars or access to IT or insur-ance. It is what I call the two-way highway between Europe and India, as potentially it covers all the issues. It also covers re-forms issues. That is why I call it the outer flank of inner reforms.

Q: what will it mean from the eU side?

A: The German automobile industry has an interest, because we are talking of an

FTA to have no taxes on their cars. Indian

automobile industry in the end has the

same interest, but for the time being it

wants to be protected. I think that India

has a fair point if it wants to have better

and more access to European markets.

Q: By when is an FTA possible?

A: I think that the agreement in substance

should be ready by early spring next year,

by when you should have the overall

agreement. Then it needs to go through

the European Parliament. So it will take

quite some time.

INDIA mUST ‘SUSTAIN reCeNT reFormS THrUST’Interview with German Ambassador to India H.E. Michael Steiner

India has a huge advantage…the

democratic system provides long-

term stability [and it] has an enor-

mous market“

Interview


Indian semiconductor industry has been witnessing tremendous growth over the past few years with rising demand for mobile handsets and PCs. On the back of prolific expansion of products and services, such as set-top boxes, wireless handsets, 3G rollout, WiMAX deploy-ment, notebooks, and smart cards, it is expected that the market will be expand-ed at an accelerated rate in future. Con-sidering all these factors, the Indian semi-conductor market is expected to grow at a compound annual growth rate (CAGR) of around 22 per cent during 2012-2015.

India Semiconductor Association (ISA) is the premier representative of the Indian Electronic System Design and Manufac-turing (ESDM) industry since 2005. The trade body is imbibed with an objective to create global awareness for the Indian ESDM industry and support its growth by initiating focussed measures that would develop an appropriate ecosystem.

mArKeT SIze

Electronics is essential to technology in-frastructure, and semiconductors are the main component of electronics products. Electronics sales in India, which totaled US$ 40.7 billion in 2009, will touch US$ 400 billion by 2020. At present, local man-ufacturing accounts for about 40 per cent of consumption and it could increase to 80 per cent by 2020. Many global original equipment manufacturers (OEMs) and electronic manufacturing services (EMS) firms, including Samsung, LG, Nokia, Toy-ota, Hyundai, Flextronics, Jabil, Foxconn, Sanmina, Elcoteq and Celestica, have set up manufacturing facilities in India in re-cent years, according to ISA.

The Indian semiconductor design indus-try, consisting of Very Large Scale Inte-gration (VLSI) design, embedded soft-ware development and hardware/ board design is estimated at US$ 7.5 billion in 2010 and is expected to grow YoY at 17.3 per cent and reach US$ 10.2 billion by 2012.

The top 10 global fabless companies and the top 25 semiconductor companies have operations in India.

INVeSTmeNTS

India has a well-developed semiconduc-tor design industry, with 120 design units.

In India, after Bangalore, Noida has be-come a hub for semiconductor design industry with many major players set-ting up their offices and research and development (R&D) centres in the city. Global MNCs such as Freescale, Mentor Graphics and Interra Systems are some of the major semiconductor companies in Noida.

Some of the major investments in Indian semiconductor industry include:

• Chip-designer Xilinx Inc has inau-gurated its expanded facility in Hy-derabad. “The facility, Xilinx’s largest R&D centre outside the US, would continue to support all program-mable technologies and devices,” as per Moshe Gavrielov, President and Chief Executive Officer, Xilinx Inc

• ON Semiconductor Corporation has announced the availability of a full front-to-back process design kit for its High-Q Integrated Passive Device (IPD) processes. The product was developed with Agilent Technol-ogies’ Advanced Design System 2011 EDA software

• In a bid to make India a global manu-facturing hub, 11 companies (foreign as well as domestic) have demon-strated their keen interest to set up fabrication plants (fabs) in the coun-try. The Department of Information Technology (DIT) has received pro-posals regarding the same

• Indian start-up Lava announced its partnership with Intel at Mobile World Congress, with the launch of the first Intel-powered smartphone in India, the Xolo X900. Lava, which has so far focused on budget phones, will manufacture smartphones under the Xolobrandname

• Semiconductor company Intersil Corporation has announced that it has started a new design centre in Bengaluru. The centre will help de-velop new integrated circuits and reference designs, besides providing system-level application support for customers

GoVerNmeNT INITIATIVeS

The Government of India is continuously making efforts to boost the Indian semi-conductor industry and attracting for-eign and local players to establish fabs in the country. In fact, the Government has set up an Empowered Committee that would invite a preliminary Expression of Interest (EoI) from potential technology providers and investors.

This initiative has resulted in companies like Bharat Electronics Ltd, ITI, IBM, and Israel-headquartered foundry Tower Jazz expressing their interests in fabs projects in India. While players such as IBM, ST Microelectronics and Infineon are will-ing to offer their technologies to actual investors or manufacturers (who come in), Tower Jazz has demonstrated interest to build an Advanced Specialty Fab. Tower Jazz manufactures integrated circuits for more than 150 global customers.

• The Government has allowed 100 per cent foreign direct investment (FDI) under the automatic route in semiconductor fabs to promote semiconductor manufacturing in India. The FDI in Semiconductor sector in India were crucial for the development of the IT and the ITeS sector in India.

• Some of the initiatives taken by the Government for boosting the semi-conductor industry of India are:

• The Government of India is invest-ing US$ 20 billion in projects related to creating information highway, ac-cording to Mr Sam Pitroda, Advisor to the Prime Minister on Public In-frastructure, Information and In-novations. This includes US$ 3 bil-lion for setting up the knowledge network and another US$ 6 billion for the National Optic Fibre Cable Network

• The Government is in the process of developing a policy framework to provide preference for domestically produced electronics goods in Gov-ernment/Government influenced procurement

• India has set aside Rs 30,000 crore (US$ 5.68 billion) worth of incen-tives and subsidies to encourage firms to set up electronics manufac-

Industry

SemICoNDUCTorS INDUSTryIndian Industry Sector Close-Up


turing units in the country. The Gov-ernment of India has also drafted a marketing plan to promote ‘Made in India’ electronics in the global mar-ket

• The Government has approved the Modified Special Incentive Package Scheme for the electronics sec-tor under which, the Government will provide up to Rs 10,000 crore (US$ 1.9 billion) in benefits to the industry over the next five years for promoting production of electronics components

• Providing attractive fiscal incentives across the value chain of the ESDM sector through Modified Special In-

centive Package Scheme (M-SIPS)

• Setting up of Semiconductor Wa-fer Fab infrastructure and its eco-system for design and fabrication of chips and chip components

• Facilitating market access to do-mestically manufactured electronic products including mobile devices, SIM cards with enhanced features, etc

roAD AHeAD

The robust growth in the Indian semi-conductor design industry has created a lot of employment opportunities for the engineering workforce in the respec-tive segments. The employee base in the

semiconductor design industry in India estimated at around 135,000 in 2009 is expected to grow at CAGR of 20 per cent to reach 230,000 by 2012.

“Semiconductors and electronics are at the heart of technology driven products that will drive the US$ 400 Billion Indian electronics market by 2020. ISA is com-mitted to working with all the stake-holders from industry, academia and gov-ernment to enable the eco-system that will convert this opportunity into reality,” as per Dr Pradip K Dutta, Chairman ISA and Corporate Vice-President & Manag-ing Director, Synopsys India.

Industry

INDUSTry reLATeD CLIP The world’s largest computer chip manufacturer now

diverts a high proportion of its think tank towards phones and portable devices because the internet has trans-formed the use of computing gizmos, A chunk of the

Intel’s chip designing for phones and next generation com-puting is driven by its 3,200 employees in India.


Trade Shows & Events

INDIA SemICoNDUCTorASSoCIATIoNVISIoN SUmmITProduct Innovation, Global Collaboration and Policy Agreement.


INDIA’S LARGEST INTERNATIONAL ENGINEERING SOURCING SHOW

Indian Engineering Sourcing Show (IESS) is India’s largest display of Engineering Products and Services and focuses on build-ing global partnerships for India. IESS is recognized as the only sourcing event in India – a showcase of the latest technology, and a preferred meeting place for buyers and sellers from all over the world. International companies keen to enter Indian markets find IESS as an ideal event for product launches, India distributor / partner search etc.

The Partnership Summit 2012, themed ‘New Age Innovation Partnerships’, would be the platform for exploring the various facets of innovation that can drive future global growth and the roles that India can play in fostering and strengthening the forces of such innovation. To be held in the progressive city of Hyderabad, it would highlight the cutting edge technologies currently emerging out of India and build new partnerships for evolving and dispersing innovation.

Trade Shows & Events

INTereSTeD IN VISITING A TrADe SHow IN INDIA?In case your company is interested in visiting a tradeshow/B2B event in India, be it one listed here or

another one that came to your attention, get in contact with us via [email protected] to get more information about possible assistance/subsidies.


Overseas Indians

Indian economy in the 21st century includes all the major factors contributing to rapid all round growth - the strength of intellectual inputs, the unbridled spirit of entrepreneur-ship and above all the quest for knowledge. India’s private sector, characterized by its dynamic and competitive nature has been a key driver for the economic growth witnessed by India in recent times and has been a major driver for at-tracting foreign investments in the country.

India has continually attracted the largest quantum of in-vestments from its Diaspora. India has now become an open potential market in various growth sectors like Infrastruc-ture, Power, Hospitality, Education and other manufacturing and service sectors. NRI and PIO Businessmen are look-ing for business opportunities in their home town and also started exploiting opportunities in other parts of India.

Benefits to the Partcipants

- Networking with Local and Global Entrepreneurs and SMEs- Interaction with business tycoons- Identify strategic business partners and associates in India and other countries- Explore new business ideas and models- Understanding best business practices and opportunities in India- Interaction with Policy Makers, MDs and CEOs of reputed Companies- Understanding of various investment options and routes in India- Understanding of various policies, schemes and incentives for NRIs-Identify Indian companies for business promotions

why This Summit?

To provide a platform to pro-mote Indian Entrepreneurs / SMEs through NRIs and PIOs in various countries to estab-lish and develop contacts for identifying various opportu-nities in Exports, Investment, Joint Ventures, Collaborations, New Technology, Marketing, Distributorship, Promotion, Business Alliances and other services.


Tucked away in the foothills of the Himalayas, Sikkim is a Himalayan wonderland with its lovely views

and exotic orchids, and its forest-trails. A virtual Shangrila overlooked by Mt. Kanchenjunga, the world’s third highest peak, Sikkim is attractive equally for the sightseer, the adventure sports enthusi-ast and those interested in Buddhism and Tibetology.

Buddhism is the predominant religion here, with many fine old monasteries rich with frescoes, religious paintings on silk and statues of the Buddha’s various incarnations. In Gangtok, the delightfully quaint capital, are pagoda like roofs of many buildings and the presence of crim-son robed monks in the bazaars.

The Institute of Tibetology, the only one of its kind in the world, was set up by the erstwhile ruler to promote research on Mahayana Buddhism, and on the language and traditions of Tibet. Lower down the hill is the famed orchid sanctuary where 500 species of orchids indigenous to Sikkim are cultivated. Sikkim offers sev-eral treks that lead through pine forests, through picturesque valleys, monasteries and to mountain lakes. It is also the base for mountaineering expeditions and the rivers Teesta and Rangeet offer excellent river rafting.

Prior permission must be sought from the Ministry of Home Affairs, Govern-ment of India, by all foreigners wishing to visit Sikkim – though travel formalities are being relaxed gradually. Permission may, therefore, be sought from Indian Missions overseas, or from offices of Sik-kim Tourism, A number of good hotels and lodging houses exist in Gangtok.

Tourism

SIKKImIndian State Profile

India Tourism FrankfurtBaseler Str. 48 / D-60329 Frankfurt

Tel: +49 (69) 242949-0Fax: +49 (69) [email protected]


wArzoNe - INDIAN CoNTemPo-rAry ArT exHIBITIoNEvery Sunday from until Nov. 25 (10-18h) | Kunstmu-seum Artemons, Hellmonsödt, Linzer Straße 19

BooK: “INDoVATIoN: How To INNoVATe For INDIA”By Austrian writer Wolfgang BergthalerMore Information under www.indovation.de

oTHer eVeNTSMore Information below

INDIAN moVIe eVeNING: mAN LeBT NUr eINmALFriday, November 23rd, 18:00 | Indian Embassy Business Centre (1st Floor, Kärntner Ring 2, 1010 Vienna)

Genre: Adventure/Comedy

Directed by: Zoya Akhtar

Starring: Hrithik Roshan, Abhay Deol,

Farhan Akhtar, Katrina Kaif

Released: July 2011

Duration: 153 Minutes

Language: Hindi

Subtitles: German

Synopsis: 3 young men take a holiday that changes their lives forever. Kabir has just

met Natasha. 6 months later they are en-gaged. He wants to go on an extended bachelor party. A 3 week road trip with Imraan and Arjun - his 2 best friends since school. The only problem is Arjun is too tied up with work. After much emo-tional blackmail and cajoling the boys set off on a journey they were meant to take 4 years ago. A fantasy holiday they had planned to take after college but never happened. A road trip where each one gets to do the ultimate sport of his choice and the other 2 just have to do it with him. Whether they want to or not!Kabir Imraan and Arjun meet up in Bar-celona and set off on an adventure that will not only make them iron out their differences but also face their fears, al-ter their perception, unravel their fabric, force them to break out of the box and teach them to seize the day.

In the last ten years, the In-

dian market for consumer and

industrial goods has grown

dramatically. This trend offers

huge sales potential for Euro-

pean companies. Global mar-

keters focus more and more

on India. Today, no company

can afford to neglect the In-

dian market! Ironically, only a

few European companies have suitable offer for the Indian

market. The book “Indovation: how to innovate for India”

represents a compact guide to successful product develop-

ment and marketing for India. Furthermore it also includes

numerous case studies and guest articles from well-known

marketing-experts, scientists, journalists, investors and en-

trepreneurs.

TALK-SerIeS ‘zU GAST BeIeLISABeTH AL-HImrANI’Mahendra Galani, president of the “Blind Graduates Forum of India”

When: November 15th, 19:00Natya Mandir - Börseplatz 3/1D, 1010 Viennawww.austro-indian.at

Due to limited capacity, seats will be given on a first come, first served basis. Therefore, you are highly encouraged to reserve your seats online at www.indi-anembassy.at or via phone at +43 1 505 866633 (Ms. Lily John).

India in Austria

Free eNTrymore info under

Tel.: 0043 699 / 16 68 88 [email protected]

www.contemporary.artemons.at


Diwali

HINDU mANDIr ASSoCIATIoNMore Information under http://mandirvienna.org/

HINDU SoCIeTy AUSTrIAMore Information under http://shivamandir.net/

KATHAK PerFormANCeSMore Information under the contacts on the poster

DIwALI FUNCTIoNS AroUND AUSTrIA

The Embassy of India, Vienna, wishes allHAPPY DIWALI!!

India Newsletter 11.2012

Documents

Transcript of India Newsletter 11.2012