IS S UE - hcisingapore.gov.in Focus 28Feb14.pdf · HIGH COMMISSION OF INDIA, SINGAPORE 1 INDIA...

HIGH COMMISSION OF INDIA, SINGAPORE 1 INDIA FOCUS

KEY FEATURES OF INTERIM BUDGET 2014-2015

Deficit and Inflation The fiscal deficit for 2013-14 contained at 4.6 percent . The currect account deficit projected to be at USD 45 billion in 2013-14 down from

USD 88 billion in 2012-13. Foreign exchange reserve to grow by USD 15 billion in this Financial Year No more talk of down grade of Indian Economy by Rating Agencies. Fiscal stability at the top of the Agenda. Government and RBI have acted in tandem to bring down inflation. WPI inflation down to 5.05 percent and core inflation down to 3.0 % in Jan.’14.

Investment Savings rate at 30.1 percent and investment rate of 34.8 percent in 2012-13. Government set up a Cabinate Committee on investment and the Project Monitoring

Group to boost investment. By end of January 2014, Projects numbering 296 with an estimated project cost of ` 660,000 crore cleared.

Foreign Trade Despite a decline in growth of global trade, our export have recovered sharply. The estimated merchandise export is estimated to reach USD 326 billion indicating a

growth rate of 6.3 percent in comparison to the previous year.

Manufacturing The sluggish import is a matter of concern for manufacturing and domestic trade sector. Due to deceleration in investment, the manufacturing sector has witnessed a sluggish

growth. The National Manufacturing Policy has set the goal of increasing the share of manufac-

turing in GDP to 25 percent and to create 100 million jobs over a decade. 8 National Investment and Manufacturing Zones (NIMZ) along Delhi Mumbai Indus-

trial Corridor (DMIC) have been announced. 9 Projects had been approved by the DMIC trust.

FORTNIGHTLY

BIZ E– NEWSLETTER India Focus

BILATERAL

Singapore’s PSA wins container han-dling deal at Kolkata port LIVE Mint, The Wall Street Jour-nal , Tue, Feb 18 2014 Bangalore: Singapore’s PSA International Pte Ltd has won a container-handling contract at Union government-owned Kolkata port, which will help the firm boost its presence on India’s eastern coast. PSA, the world’s biggest con-tainer port operator, quoted a rate of Rs1,748 for handling a loaded container to emerge the lowest bidder for the op-eration and maintenance (O&M) contract to handle containers from five berths at Netaji Subhas Dock of Kol-kata port. PSA International is fully owned by Temasek Holdings Pte Ltd, the sovereign wealth fund of Singapore. India’s tariff regulator for ports owned by the Union government had permitted Kolkata port to charge Rs4,082 from customers for handling a loaded container. Out of this rate, Kolkata port was willing to share up to Rs2,030 per loaded container to the private firm that would run the O&M contract. The private firm quoting the low-est rate for handling a loaded container within the ceiling rate of Rs2,030 set by the port would win the 10-year deal ...Cont on P. 6

this issue RBI’s focus is to bring down inflation P.3

FIIs pour Rs 11,000 crore,,, P.5

Honda plans India R&D unit.. P.6

Notifications P.7

Forthcoming Events, Tender Notices P.8.9

Events P.10

I S S U E

28 February 2014

137

TOP NEWS » ECONOMY

Finance Minister, Mr P Chidambaram


3 more Industrial Corridors connecting Chennai and Bengaluru, Bengaluru and Mumbai & Amritsar and Kolkata are under different stages of preparatory works.

Additional capacities are being installed in major manufacturing industries. Notification of a public procurement policy, establishing technology and common facility cen-

tres, and launching the Khadi Mark are steps taken to promote Micro Small and Medium En-terprises.

Infrastructure In 2012-13 and in nine months of the current financial year, 29, 350 MW of power capacity, 3,

928 Kms of National Highways, 39, 144 Kms of Rural Roads, 3,343 Kms of New Railway track and 217.5 milliion tonnes of capacity per annum in our ports have been created to give a big boost to infrastructure industries.

19 Oil and Gas blocks were given out for exploration and 7 new Air ports are under construc-tion.

Infrastructure debt funds have been promoted to provide finances for infrastructure Projects.

GDP Growth The GDP slow-down which began in 2011-12 reaching 4.4 percent in Q1 of 2013-14 from 7.5

percent in the corresponding period in 2011-12 has been controlled by numerous measures taken by the Government. Growth in the third and fourth quarter of the current year is expected to be 5.2 percent and that for the whole year has been estimated at 4.9 percent.

The declining fiscal deficit, stable Exchange Rate and reducing Current Account Deficit, mod-eration in inflation, increasing exports are reflection of a more stable economy today.

http://indiabudget.nic.in/ub2014-15/bh/bh1.pdf

Forex reserves rise to USD 293.79 bn PTI, Mumbai, February 21, 2014

India’s foreign exchange reserves surged by USD 1.46 billion to USD 293.79 billion in the week ended February 14 on account of increase in the currency assets, the Reserve Bank said today. In the previous reporting week, the reserves had increased by USD 1.26 billion to USD 292.33 billion. Foreign currency assets (FCAs), a major part of the overall reserves, rose by USD 1.414 billion to USD 267.25 billion in the week under review, RBI said. FCAs, expressed in dollar terms, include the ef-fect of appreciation or depreciation of the non-US currencies such as the euro, pound and yen, held in its reserves. During the week, the gold reserves were un-changed at USD 20.075 billion. The Special Drawing Rights rose by USD 30.5 million to USD 4.459 billion, while India’s re-serve position with the IMF increased by USD 13.5 million to USD 2.007 billion, RBI said.

Approval of National Mission for a Green India Scheme Press Information Bureau: February 21, 2014

New Delhi: The Cabinet Committee on Economic Affairs has approved a proposal of the Ministry of Environment and Forests for a National Mis-sion for a Green India (GIM) as a Centrally Spon-sored Scheme. Of the total expenditure of Rs. 13,000 crore en-visaged in the 12th Plan, the plan outlay is Rs.2000 crore. The source of funding for the scheme would be from the Plan outlay, and con-vergence with MGNREGA activities, CAMPA and the NAP. The sharing pattern for the plan outlay would be 90 Centre and 10 State for the North Eastern States and 75 Centre and 25 State for the rest of the States. The 13th Finance Com-mission grant funds may be counted towards the States' share, to the extent that this is in confor-mity with the Commission’s award. The objectives of the Mission during 12th Plan period includes increased forest/tree cover and improved quality of forest cover in two to eight million hectares, alongwith improved ecosystem services including biodiversity, hydrological ser-vices, increased forest-based livelihood income of households, living in and around the forests,


and enhanced annual CO2 sequestration. Mission implementation will be on a decentral-ized participatory approach with involvement of grass root level organizations in planning, deci-sion making, implementation and monitoring. The gram sabha and the committees mandated by the gram sabha, including revamped JFMCs will oversee implementation at the village level. Re-vamped Forest Development Agency (FDA) un-der the Chair of an elected representative at dis-trict/division level, revamped State Forest Devel-opment Agency with a Steering Committee chaired by the Chief Secretary and an Executive Committee chaired by the Principal Chief Con-servator of Forests at the State/U.T. level. A Gov-erning Council, chaired by the Minister Environ-ment and Forests and a National Executive Coun-cil chaired by the Secretary (E&F) and co-chaired by the DGF&SS with the Mission Director as the Member Secretary at the national level will facili-tate Mission implementation. A multidisciplinary team, both from Govt. and NGOs will be man-dated to facilitate planning and implementation at cluster/landscape unit level.

BANKING/FINANCE

RBI’s focus is to bring down infla-tion: Rajan PTI Reserve Bank of India Governor Raghuram Rajan on Monday said the central bank’s focus is to bring down inflation to boost investor confidence. Mr Rajan also expressed hope that a stable gov-ernment after the Lok Sabha elections will con-tinue the broad fiscal policies of the current re-gime and India may finally get the Goods and Services Tax (GST), an ambitious indirect tax reform measure. “My belief is that we should be focused on get-ting our fundamentals right and that has been our focus ever since the summer of last year. One of the main aspects of our fundamentals is the infla-tion rate. “If investors have a sense that inflation rate is going to come down, both domestic and international investors, they would be more pre-pared to take a bet on the rupee and that is essen-tially what we are focused on,” Mr Rajan said in an interview to CNBC. After the US Federal Reserve indicated in May last year that it would taper its monetary stimulus,

the rupee depreciated to a record low of 68.85 against the dollar on August 28. The Fed started gradual withdrawal of its monthly bond-buying programme in January. Both the government and the RBI took steps to check the slide of the rupee, which has recovered and closed today at 62.07 against the dollar. On policy expectations after the general elections, Mr Rajan said it would depend on which govern-ment comes in. “Even within the Congress, if a new United Progressive Alliance comes in, it could be quite different from the current govern-ment with a generational change. The jury is out on how it will change. “My sense is if there is a stable coalition in power post-elections, no matter which persuasion it is, broad policies will continue,” the Governor said. He said that “there may be a difference in details but they are all” for passing the GST and for a number of actions, which the current government is taking. Panel on new bank licences sub-mits report

PTI, New Delhi, February 25, 2014

Former RBI Governor Bimal Jalan

The Bimal Jalan panel which was scrutinising applications for new bank licences has submited its report to the Reserve Bank of India (RBI) on Tuesday. “We have submitted report (on new bank li-cences) to RBI,” Mr. Jalan, a former Reserve Bank Governor, said after a four-hour meeting here. The report contains names of entities eligible for bank licences. It was not immediately known how many applicants have been shortlisted by the high-level advisory panel. The panel started the process of evaluations with the first meeting on November 1, 2013.


Other members of the committee are former RBI Deputy Governor Usha Thorat, former Securities and Exchange Board of India Chairman C B Bhave and Nachiket M Mor, Director of the Cen-tral Board of Directors of the RBI. The central bank issued guidelines for licensing of new banks on February 22 last year and issued clarifications in June. Public sector units India Post and IFCI and pri-vate sector Anil Ambani group and Aditya Birla group are among the 25 players in the fray for bank licences. Bajaj Finance, Muthoot Finance, Religare Enterprises and Shriram Capital have also applied. In the past 20 years, the RBI has licensed 12 banks in the private sector in two phases. Ten banks were licensed on the basis of guidelines issued in January 1993. Kotak Mahindra Bank and Yes Bank were the last two entities to get banking licences from the RBI in 2003—04. India has 27 public sector banks, 22 private sector banks and 56 regional rural banks. Raghuram Rajan sparks debt fund revival as bonds beat gold Live Mint & The Wall Street Journal, 17th Feb.’14

RBI governor Raghuram Rajan raised borrowing costs last month for a third time since mid-September to cap living costs, helping attract investments into funds that buy short-term debt.

Mumbai: Mutual-fund investors in India are plowing the most money into debt since May even as they dump gold, after the central bank increased interest rates and reined in inflation. “Fixed-income asset managers took in Rs.5,905 crore ($951 million) in January after two months of outflows,” data from the Association of Mutual Funds in India (Amfi) show. Gold funds faced net withdrawals for an eighth month, with partici-pants pulling out Rs.165 crore. Three-month commercial paper rates in Mumbai jumped 113 basis points this year to 10.09%, while similar US

rates are 0.2%. Reserve Bank of India governor Raghuram Rajan raised borrowing costs last month for a third time since mid-September to cap living costs, helping attract investments into funds that buy short-term debt. Consumer-price gains slowed by more than 2 percentage points in the last two months to 8.79%, reducing the appeal of bullion as a hedge. “We are seeing inflows into fixed-maturity plans and ultra-short term funds,” Suyash Choudhary, the Mumbai-based head of fixed income at IDFC Asset Management Co., which manages about Rs.41,400 crore,” said in a phone interview on 12 February. “It’s conservative money coming in that doesn’t want interest-rate risk. A drop in rates in the second half may boost inflows into funds that buy long-dated bonds,” he said. Yield curve While returns on short-dated notes were buoyed by RBI’s policy tightening in the past five months, the outlook for long- maturity securities is now improving as inflation eases and after the central bank signalled further rate increases are unlikely. Three-month government bonds cur-rently pay 9.04%, more than the 8.81% on 10-year government notes, inverting the so-called yield curve in a sign that borrowing costs have peaked and will decline. Rajan last raised the benchmark repurchase rate by 25 basis points on 28 January to 8%, taking additions since he took charge in September to 75 basis points. More increases are unlikely in the near term should inflation cool as expected, he said in last month’s policy statement. Wholesale-price inflation declined to an eight-month low of 5.05% in January, a 14 February report showed. Local investors pumped Rs.19,760 crore into fixed-income funds in the first 10 months of the fiscal year ending 31 March, while pulling Rs.1,970 crore out of gold investment plans, ac-cording to Amfi. ‘Tectonic shift’ “Inflows into bond funds and outflows from gold reflect a tectonic shift of investors starting to switch to financial assets from physical assets,” Nilesh Shah, managing director and chief execu-tive officer at Axis Capital Ltd, said in a 11 Feb-ruary interview in Mumbai. “Household savings channelled into bond funds will help kick off the investment cycle leading to higher growth.


Gold exchange-traded funds are also struggling as they don’t have a strong distribution mechanism.” “Funds investing in longer-term bonds will see more inflows as interest rates start declining in the second half of the year,” according to Axis Capital. JPMorgan Asset Management and LIC Nomura Mutual Fund Asset Management Co. predicted after the RBI’s 28 January policy review that 10-year yields would decline as slowing inflation gives the central bank more room to support an economy growing at the slowest pace in a decade. Foreign investors This year’s increase in short-term yields prompted global investors, who pulled an un-precedented $8 billion from the rupee debt mar-ket in 2013 on the prospect of a US stimulus cut, to plow back $3.2 billion into local company and government securities, exchange data show. While bill rates have risen more, the price of short-dated securities fluctuates less per basis point change in the yield and they face a smaller risk of capital losses. Bond risk in India fell this month. Credit-default swaps insuring the debt of State Bank of India, a proxy for the sovereign, against non-payment for five years declined 25 basis points since 31 Janu-ary to 276, according to data provider CMA. “Investors are trying to take advantage of the at-tractive short-term rates,” K. Ramanathan, chief investment officer in Mumbai at ING Investment Management Pvt., said in a phone interview on 12 February. “The inflows are predominantly into ultra short-term funds and fixed-maturity plans.” Bloomberg

MARKETS

FIIs pour Rs 11,000 crore into debt market in February PTI Foreign investors have poured almost Rs. 11,000 crore into the Indian debt market so far this month after being net sellers of bonds in 2013. The inflows followed a net investment of Rs. 12,609 crore in the preceding month. According to market experts, FII inflows into debt are returning on account of the stability ob-served in foreign exchange and interest rates.

Foreign institutional investors (FIIs) were gross buyers of debt securities worth Rs. 21,210 crore and sellers of bonds to the tune of Rs. 10,219 crore till February 21, resulting in a net inflow of Rs. 10,991 crore (USD 1.77 billion), according to data from the Securities and Exchange Board of India. During this period, FIIs pulled out Rs. 549 crore from the equity market. In 2013, overseas investors withdrew Rs 50,847 crore (USD 8 billion) from the bond market and infused Rs 1.13 lakh crore (USD 20.1 billion) in equities. They started pulling out from the Indian debt market after the US Federal Reserve first indi-cated in May that it would taper its stimulus pro-gramme, raising concerns that funds available for investing in emerging markets may be reduced. The Fed subsequently started reducing its bond purchases in January. The rupee, which touched an all—time low of 68.85 in August, has recovered and closed at 62.12 against the dollar on Friday. As of February 21, there were 1,726 registered FIIs in the country and 6,367 sub—accounts. New norms proposed for listed firms divesting stake in units PTI, February 25, 2014 Listed companies will soon have to seek the ap-proval of shareholders to divest shares in subsidi-aries that bring in more than one-fifth of annual consolidated income. Market regulator SEBI’s proposal is part of ef-forts to strengthen corporate governance and curb misdoings at the management level. The proposal to make it mandatory for listed companies to get shareholder approval for divest-ment in key subsidiaries also comes in the back-drop of ownership of subsidiaries being trans-ferred to controlling stakeholders without keeping others in the loop. Under existing rules, divestment in major subsidi-aries does not require the approval of sharehold-ers. The Securities and Exchange Board of India (SEBI) has recommended that all listed compa-nies should have a policy to determine material subsidiaries and they should be disclosed to the stock exchanges. The Primary Market Advisory Committee (PMAC) is also of the view that a special resolu-tion should be moved to get shareholders’ nod.


A subsidiary shall be considered “material” if the investment of the company in the unit exceeds 20 per cent of its consolidated net worth as per the audited balance sheet of the previous financial year. The classification would also be applicable if the subsidiary generated 20 per cent of the consoli-dated income of the company during the previous financial year. The requirement is expected to be part of SEBI’s new set of corporate governance norms for listed companies that would come into effect from Oc-tober 1. In their suggestions on the matter, various stake-holders had said that major subsidiaries should be defined and should include Indian, foreign and step-down units. Besides, it was suggested that certain minimum amount of information about proposed disinvest-ment in subsidiaries, including financial details for the past three years, the consideration as well as reasons, should be disclosed in the notice for the meeting to seek shareholder approval for the resolution.

BUSINESS

Honda plans India R&D unit with investment of Rs 500 crore to de-velop affordable cars The Economic Times: February 24, 2014 New Delhi: Japanese carmaker Honda Motors is planning to set up a subsidiary in India that would work towards developing cars for the local mar-ket and increasing the use of locally-made com-ponents in its existing vehicles to make them more affordable. The facility, Honda Genbetsu India (HGID), would focus on research and development and is likely to come up at the company's existing manufacturing plant at Greater Noida, sources with knowledge of the matter said. It already has local R&D operations, which would likely be separated into the new unit, they said. The unit will likely come at an initial invest-ment of around Rs 500 crore. According to sources in the automotive industry, this facility will extend support for Honda's localisation strat-egy for its running models as well as provide de-signing support for some upcoming India-specific models in the near-term.

After developing a phenomenally fuelefficient diesel engine and lining up some interesting prod-ucts like the Mobilio multipurpose vehicle and the Jazz premium hatchback for India, Honda is enthusiastic about its prospects in the Indian auto market. "After the success of its India-specific Amaze sedan, Honda is revitalising its plans for this market. It plans to develop smaller cars focusing on the Indian market where HGID would play a critical role," said a source. Honda sales have zoomed after the launch of its diesel cars, especially the Amaze. It became the fourth largest carmaker in India in January, overtaking Tata Motors and Toyota Kir-loskar Motors. It sold 15,714 cars in January, nearly three times compared with a year earlier. Honda Cars India already operates another local entity, Honda Motor India, which takes care of its components and motor parts business. The new R&D unit would be the third business closely associated with its car manufacturing operations. Responding to a query from ET, Honda Car India said it is committed to the Indian market and will expand the focus of its R&D operations towards more India-oriented products in coming years.

BILATERAL

Singapore’s PSA wins container handling deal at Kolkata port..Cont from P. 1

according to the tender terms. Of the amount collected from customers, Kolkata port will retain Rs2,334 per loaded container, that being the difference between the Rs4,082 allowed by the regulator and the Rs1,748 to be paid to PSA. PSA Bharat Investments Pte Ltd, a wholly owned unit of PSA International, had placed price bids for the project apart from two other firms. United Liner Agencies of India (Pvt.) Ltd quoted a rate of Rs1,898 for handling a loaded container. The price bid of the other firm, Bollore Africa Logis-tics, was not opened by the port for reasons it did-n’t disclose. “The price bid submitted by PSA was approved by the board of trustees of Kolkata port on Mon-day,” said I. Jeyakumar, deputy chairman of Kol-kata port trust. “The port trust issued a letter of award to PSA on Monday, which was accepted by the firm”, he said. ..Cont on P. 9


Notifications

SEBI (Foreign Portfolio Investors) Regulations, 2014

http://www.sebi.gov.in/cms/sebi_data/attachdocs/1389083605384.pdf

Notification relating to effective date of provisions of Section 135 and Schedule VII of Companies Act, 2013

http://www.mca.gov.in/Ministry/pdf/CompaniesActNotification1_2014.pdf

Companies (Corporate Social Responsibility Policies) Rules, 2014

http://www.mca.gov.in/Ministry/pdf/CompaniesActNotification2_2014.pdf

Participation of NBFCs in Insurance sector

http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=8596&Mode=0

Foreign investment in India - participation by SEBI registered FIIs, QFIs and SEBI registered long term investors in credit enhanced bonds


Notification governing money changing activities – Location of Forex Counters in International Airports in India


Notification seeking to levy definitive anti-dumping duty on imports of ‘Vitamin A Palmitate ’, originating in, or exported from, Switzerland and People’s Republic of China for a further period of five years

http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2013/cs-add2013/csadd-30-2013.htm

Notification seeking to levy definitive antidumping duty on resin or other organic substances bonded fibre boards etc

http://www.cbec.gov.in/customs/cs-act/notifications/notfns-2013/cs-add2013/csadd-18-2013.htm

Circular regarding import of pets as baggage

http://www.cbec.gov.in/customs/cs-circulars/cs-circ13/circ15-2013-cs.htm

Reserve Bank of India

Central Board of Excise and Customs

Securities and Exchange Board of India

Ministry of Corporate Affairs


FORTHCOMING EVENTS >>>> INDIA

India International Fabric Expo 2014

Date: 7-9 March, 2014

Venue: Ichalkaranji Kolhapur (Dist.), Maharashtra

Organizer: The Powerloom Development & Export Promotion Council (PDEXCIL)

Contact: email: [email protected]

Details: The Export Promotion Council is organizing an International Reverse Buyer Seller Meet at Ichalkaranji, Kolhapur Dist. Maharashtra, from 7th to 9th March, 2014. About 120 leading Indian companies will be exhibiting the latest range of powerloom fabrics, made ups, and home textiles viz. shirting, suiting, sarees, dress materials, denim, bed linen, kitchen linen, bath Linen, living & dining linen & technical textiles. Visiting delegate shall be provided free return economy class airfare & hotel accommodation.

India International Handwoven Fair

Date: 12-14 March, 2014

Venue: Chennai Trade Centre, Chennai

Organizer: The Handloom Export Promotion Council (www.hepcindia.com)

Contact: www.iihfchennai.com

Details: During this 4th edition of IIHF, 200 domestic manufacturers/exporters from all over India producing handwoven products and 150 buyers from around the world would be participating. Prod-ucts ranging from home textiles, made-ups, silk products, floor coverings, woolen handlooms, fash-ion accessories etc would be displayed. The Council would like to invite buyers to attend this event & selected buyers will be eleigible for the following complimentary package

Restricted economy class onward and return airfare & hotel accommodation for 3 nights

Technotex 2014

Date: 20-22 March, 2014

Venue: Bombay Exhibition Centre, Mumbai

Organizer: Ministry of Textiles, Government of India & FICCI

Contact: www.technotexindia.in

Details: Technotex is India’s premier annual show on technical textiles. This international exhibition cum conference provides stakeholders from across the value chain an ideal platform to interact and forge alliances. Technotex 2014 is expected to attract participation from stakeholders in the global technical textile sector and major institutional buyers from army, navy, paramilitary forces, railways, hospitals etc.


Cont from P. 6… Of the five berths at Kolkata port, three will be mechanized. Loading and unloading of containers at the other two berths will be carried out with the help of a ship’s gear, Jeyakumar said. PSA will have to erect 12 new cranes and deploy 30 tractor trailers for the 10-year contract beginning 1 December. ABG Kolkata Container Terminal Pvt. Ltd, a joint venture between ABG Infralogistics Ltd and PSA, already handles containers from two berths at Kolkata port. ABG owns a 51% stake in the terminal with PSA holding the balance. The 10-year contract for the existing two berths will end in November. ABG Kolkata Container Terminal currently charges about Rs1,200 for a loaded container. In the year to March 2013, the Kolkata dock of the port handled 463,000 standard containers. The port runs two docks, at Kolkata and at Haldia. Between April and January this fiscal year, the dock at Kolkata handled 380,000 standard containers, according to the Indian Ports Association, a body rep-resenting the ports owned by the Union government. Kolkata port is a gateway to eastern and north eastern India besides two land-locked countries of Ne-pal and Bhutan. PSA was one of the first to enter India when the country opened its ports to private investments in the late 1990s. The firm has a 62.5% stake in a container terminal at V O Chidambaranar port in Tuti-corin and runs another terminal that it owns fully at Chennai port, both in Tamil Nadu. These two facilities can load a combined 1.65 million standard containers a year.

TENDER NOTICES >>>> INDIA

Tender invitation for Supply of Universal Tensile Tester.

Ordnance Equipment Factory , URL : http://ofbeproc.gov.in

Closing Date : 14th March, 2014

Tender invitation for Supply of SITC of Audio Router at AIR Delhi.

All India Radio , URL : www.allindiaradio.gov.in

Closing Date : 14th March, 2014

Tender invitation for Supply of :

1. Imported CHN Ultimate/Elemental Analyser designed for determination of Carbon, Nitrogen & Hydrogen content in coal/lignite samples with Balance, Computer, Monitor & Laser Colour Printer- 1 Unit

2. Imported Infrared Sulphur Analyser designed for determination of total sulphur content in coal/lignite samples with Electronic balance, Computer, Monitor & Laser Colour Printer- 1 Unit .

Mineral Exploration Corporation Limited , URL : www.mecl.gov.in


For Feedback & Comments, please contact: Mr. Amitesh Bharat Singh, First Secretary (Commerce) Trade Wing High Commission of India 31 Grange Road, Singapore- 239702 Email : [email protected]; [email protected] URL : www.hcisingapore.gov.in

India’s largest solar plant inaugurated in MP

Pic Courtesy, The Economic Times

The solar power plant is located at Diken in Jwad area of Neemuch district of Madhya Pradesh.

The Welspun Solar MP project, the largest solar power plant in India set up at a cost of Rs. 1,100 crore on 305 hectares of land, will supply power at Rs. 8.05 a kWh.

The 151 (DC) MW project operated by Welspun En-ergy Limited (WEL) has been commissioned eight months ahead of schedule.

The plant is expected to cater to power needs of 6.24 lakh homes in the state.

With the commissioning of this project, an estimated 216,372 tonnes of carbon will be mitigated annually.

The solar plant is one of the largest solar plants in the world spread across 800 acres of barren terrain.

Events

Singapore’s Second Minister for Trade and Industry and Second Minister for Home Affairs S Iswaran visits India- H. E. Mr S Iswaran, Minister in Prime Minister’s Office; Second Minister for Home Affairs and Second Minister for Trade and Industry, Singapore in Plenary Session 1: “Entering into a New Trade Era Post Bali”, at the CII Partnership Summit, Bangalore, on 28 January 2014.

IS S UE - hcisingapore.gov.in Focus 28Feb14.pdf · HIGH COMMISSION OF INDIA, SINGAPORE 1 INDIA...

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