Probiz January 2013 issue

VOL 9 - JANUARY 2013

1January 2013

MEMBERS OFTHE BOARD

January 20132

INDEX

CONTENTS

10 - 13 INDIA REpuBlIC DAy

56 INTERvIEw wITH MR.vASHu SHROff

IBpC – ADMINISTRATIvE BOARD 1pRESIDENT’S MESSAgE 5DCCI’S MESSAgE & pATRON’S MESSAgE 6 & 7 AMBASSADOR’S & CONSul gENERAl’S MESSAgE 8 & 9

14 - 16INTERvIEw OfSHEIkH AHMED BIN SAEED Al MAkTOuM, President of the Department of Civil Aviation of Dubai. CEO and Chairman of The Emirates Group and the Chairman of Dubai World.

January 2013 3

INDEXEditorialGroup Managing EditorVijay Manikoth (MD & CEO)

EditorRitwika chaudhuri

Contributing EditorVimitha Deepak

Editorial CoordinatorRaj Vetiyera

Art / ProductionRadkris (RK)

PhotographerM.Mani

72 pROBIz CAlENDAR

62 gujARAT – SpECIAl REpORT

60 lEgAlly SpEAkINg

65 pRESIDENT wAlkS HIS TAlk

COvER STORyOTHER EvENTS ORgANIzED By IBpC gOlDEN ElDERS pAgESpRAvASI BHARATIyA DIvAS INDIA’S ECONOMIC REfORMINDO – pAk RElATIONSHIp pRESIDENT wAlkS HIS TAlkIBpC wElCOMES NEw MEMBERS

14 - 1617 - 3536 - 525455586570 - 71

VOL 9 - JANUARY 2013

January 2013 5

PRESIDENT’SMESSAgE

In abundance may the New Year Sun shine with blessings on each one of us. Happy New Year to all members of IBPC and readers of ProBiz. May the Sun in its course visit no land freer, happier and more prosperous than our India. Best wishes also to you all on the 64th Republic Day of the Republic of India. May also all of us in UAE continue strengthening our ties of friendship and co-opera-tion with our brothers and sisters in the UAE.

The temptation to dwell more on the misses rather than the hits we scored in 2012 may be great for some, but I would rather count my blessings than cry over spilt milk. Looking back, I cannot but be thankful for so many good things for us in the past year. It was a challenging year for economies around the world. But for India, 2012 marked the end of policy paralysis and a return to the reforms process. India has managed to undertake key reforms and surge ahead. The policy measures announced and undertaken have raised investor interest and confidence. The United Nations and leading world organizations celebrated India’s first polio free year and termed it as a major milestone in their fight against this dread-ed disease. Vijay Kumar, Gagan Narang, Saina Nehwal, Yogeshwar Dutt, and Mary Kom made us proud at the London Olympics. In-dia has finally started making its presence felt in several sports. This will inspire generations to come. On a lighter note, mankind heaved a sigh of relief for getting a fresh lease of life - ancient Ma-yan premonitions of an Armageddon were proven wrong!

UAE too marches ahead. Abu Dhabi was named best livable large city in the world. HH Sheikh Mohammad Bin Rashid Al Maktoum, Ruler of Dubai and Vice President of UAE announced several mega projects including Mohammed Bin Rashid city with four key com-ponents. Preparations in UAE are going full steam ahead to win the bid for ‘Expo 2020’ for Dubai. We whole heartedly support the move, which is going to transform the entire regional economy. Thanks to prudent policies of visionary Rulers and the government of UAE, businessmen, property investors & cruise tourists can now get multiple entry visa. A big ‘thank you’ also for the amnesty an-nounced for illegal residents, which was a great blessing for many a distressed and unfortunate soul. Even as this issue of the ProBiz goes to the press, we hear of the government taking yet another step of providing special and easy visas for medical tourism.

At IBPC we had 33 events in the calendar year 2012 – a record by itself. The all new calendar event, ‘Business After Hours’ has been a hit with members. It provides two full hours of quality net-working – actually Net-worthing, if I may say so. The maiden cruise voyage aboard Costa Atlantica was a unique experience for IBPC members. Our tribe continues to grow - a record number- 68 men and 6 ladies joined IBPC during 2012. It is heartening to see more and more ladies in the council. I look forward to the fresh perspective they are bound to bring to our deliberations. Also, with more and more young businessmen & professionals joining us, the average age of IBPC has come down significantly. India is young and IBPC rightly reflects this vibrant reality. I express gratitude to my team for their unwavering support in all our endeavors and thank each one of our distinguished members for contributing to IBPC’s success story.

New Year has always been a time for new beginnings and fresh starts. We have several events planned before we go in for the final AGM. One such new initiative is the about-to-be-launched ‘Business at Breakfast’ event which will essentially be a ‘Business to Business’ platform. As promised, we continue with the tradition of felicitating our ‘Golden Elders’ for their distinguished achievements. The all new ProBiz, the first issue of this year, is now in your hands. It is a 76 page issue ProBiz – the most voluminous ever, showcasing as it does our ever-growing community, our sharply increased activity and the rising drum beat of our events. And the icing on the cake is that with the change in legal status of Business Councils in Dubai, we are now looking forward to having own our office premises in the not too distant future.

Here is hoping for still more beautiful times ahead.

Jai Hind!

Dr.Bharat ButaneyPresident,IBPC Dubai,UAE

May all of us in UAE continue strengthening our ties of friendship and co-operation with our brothers and sisters in the UAE.

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DCCI’SMESSAgE

It is with pleasure that i congratulate the indian business community on the important occasion of India republic day. Dubai and India have a long history together and one that has been built up over generations of trading and entrepreneurship. Today, India is Dubai’s first trade partner, with imports and exports worth aed 206 billion in 2011. This is an annual increase of 12% compared to the aed 183 billion which was traded in 2010, proving that there continues to be significant growth between our two business communities.At the same time the Indian business community is a driving force in Dubai’s private sector. Indian businesses are a major source of employment in the city and account for 24,708 Dubai chamber members.These businesses are supported by the Indian business and professional council (IBPC), which plays a vital role in working with us to support and protect their needs. As the voice of the Indian business community, the ibpc is central to ensuring its members flourish and thrive, which in turn helps Dubai continue to develop and prosper as an international business hub. On Dubai chamber’s part, we have the responsibility to ensure the city has a favourable business climate and that trade continues to prosper, so it is pleasing to see that in these challenging economic times Dubai’s and India’s trade remains robust. Dubai chamber and the IBPC have an excellent working relationship and we value the work that the council does. I hope that this partnership continues long into the future.On behalf of Dubai chamber, I wish everyone all the best on this important occasion.

Today, India is Dubai’s first trade partner, with imports and exports worth aed 206 billion in 2011.

H.E. Hamad BuamimDirector GeneralDubai Chamber of Commerce and Industry

7January 2013

PaTRON’SMESSAgE

India will once again celebrate its Republic Day on 28th January 2013 and is one of India’s most important events.I feel this is a time to reflect and cherish the marvellous relationship that already exists between the leadership and people, both in the UAE and India, and the fact that the Indian community still plays such a vital role in the economy of Dubai, throughout all our industry and services and in supplying essential manpower. The people of UAE value your contribution to the continuing development of our city.I would like to congratulate you all on this wonderful occasion and send my very best wishes to all members of the IBPC.

The people of UAE value your contribution to the continuing development of our city.

H.E. Mr.Mirza Al SayeghDirector of the Office of H.H.Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai & Minister of Finance

January 20138

aMBaSSaDOR’SMESSAgE

Iam happy to note that Indian Business and Professional Council (IBPC),Dubai, is bringing out a special issue of Probiz on the occasion of the India’s Republic Day Celebrations 2013.The India – UAE economic partnership is unique and vibrant. The bilateral trade value of US$ 71 billion during last year makes them the top trading partners for each other. Despite general downturn in global economy, India-UAE trade has been showing positive trend all along. The Indian Business and Professional community based in Dubai is a classic example of public private partnerships set up exclusively to promote trade and Investments between India and UAE/GCC/MENA region. I felicitate IBPC, Dubai, for their efforts in promoting better understanding and cooperation in identifying the mutual areas of economic and commercial interests between India and UAE.

I wish IBPC, Dubai , every success in their initiatives to further deepen India-UAE relationship and cooperation.

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CONSulgENERal’SMESSAgE

It is my pleasure to address the Indian Business and Professional Council(IBPC),Dubai, in this special Republic Day issue of Probiz. IBPC, Dubai, is the biggest forum for Indian business community and professionals and success of your members has been integral to the growth of Dubai. The profile of Indian professionals in Dubai and quality of their services are increasingly recognized as among the best anywhere. I take this opportunity to compliment IBPC, Dubai, and greet its members on the occasion of India’s 64th Republic Day. I also hope that in days to come may your members grow with fresher ideas and initiatives, reflective of the changing times.

No.Dubai/CG/2012 13 January 2013

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REPuBlICDAy

Flash back: January 26th, 1950, India officially became a republic, after nearly 100 years of British rule.

A public holiday was declared throughout the country, and millions of people celebrated with processions and ceremonies to hoist the new flag of India for the first time.India had been running her own affairs since the actual transfer of power from British to Indian hands on 15 August 1947.But on that day ceremonies mark the cutting of her last ties to Britain. India’s first president had been sworn in, replacing the King as the country’s head of state, and the new constitution ratified.

Oath of officeIn the capital, Delhi, the day began with the 34th and last Governor-General of India, Chakravarti Rajagopalachari, reading out a proclamation announcing the birth of the Republic of India.The new President, Dr Rajendra Prasad, then took the oath of office.Dr Prasad was a key campaigner in the nationalist movement of Mahatma Gandhi, along with India’s interim Prime Minister, Pandit Jawaharlal Nehru.On the day India becomes a republic, addressing the nation, the President said, “Today, for the first time in our long and chequered history, we find the whole of this vast land... brought together under the jurisdiction of one constitution and one union which takes over responsibility for the welfare of more than 320 million

men and women who inhabit it.”The jubilant crowd celebrated the day as the first day of sovereign India, the birth of a new republic.

Since then, January 26th has been celebrated as the Republic Day of India as it is one of the most important days in the history of India history. India gained its independence on August 15th, 1947, after which the process of preparing a constitution was started. The constitution was passed on 26 November

IndIaa Young Republic of 63 Years

The economy of India is the 10th largest in the world by nominal GDP and the Third largest by purchasing power parity ( PPP).

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REPuBlICDAy

1949 in the Constituent Assembly. It was adopted on 26 January 1950 with a democratic government system, when the country became a republic and a sovereign state in the true sense. January 26 was selected, because it was this day in 1930 when

the Declaration of Indian Independence was passed.

Every year, the Republic Day is celebrated with much enthusiasm all over the country and especially in the capital, New Delhi where the celebrations start with the Presidential address to the nation. The beginning of the occasion is always a solemn reminder of the sacrifice of the martyrs who died for the country in the freedom movement and the succeeding wars for the defense of sovereignty of their country.

Then, the President of India, who is also the Commander in Chief of the armed forces, comes forward to award the medals of bravery to the people from the armed forces for their

exceptional courage in the field and also the civilians, who have distinguished themselves by their different acts of velour in different situations.

The Chief Guest of the parade is the Head of State or Head of Government of another nation. To mark the importance of this occasion, a grand parade is held near Rajpath in New Delhi which includes representation from the Indian Army, Navy and Airforce, the crème of N.C.C cadets, and also a pageant of spectacular displays from the different states of the country. The official conclusion of Republic Day festivities is much later on 29 January, three days after the Republic Day, which is called ‘Beating Retreat’

It is a daunting task if we are to assess how far the country has progressed in the last 63 years or to make a swat analysis of its achievements versus failure since it was declared a sovereign republic of India. On the one hand the progress is tremendous in certain fields, on the other the country has miserably failed in alleviating poverty, reducing corruption and assuring equitable health care for its people, providing education for all and employment to the majority of the population.The economy of India is the 10th largest in the world by nominal GDP and the third largest by purchasing power parity ( PPP). On a per capita income basis, India ranked 140th by nominal GDP and 129th by GDP ( PPP) in 2011, according to the IMF. Economic growth rate stood at around 6.5% for the 2011–12 fiscal year.

The independence-era Indian economy (from 1947 to 1991) was based on a mixed economy combining features of capitalism and socialism, resulting in an inward-looking, interventionist policies and import-substituting economy that failed to take advantage of the post-war expansion of trade. This model contributed to widespread inefficiencies and corruption, and the failings of this system were due largely to its poor implementation. Since 1991, continued liberalization has moved the country towards a market based economy and by 2008, India had established itself as one of the world’s fastest growing economies.

India’s large service industry accounts for 57.2% of the country’s GDP while the industrial and agricultural sectors contribute 28.6% and 14.6% respectively. Agriculture is the predominant occupation in Rural India, accounting for about 52% of employment. The service sector makes up a further 34%, and

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REPuBlICDAy

industrial sector around 14%. In the year 2011–12 India’s total merchandise trade (counting exports and imports) stands at $ 792.3 billiion and is currently the 9th largest in the world. Since liberalisation, the value of India’s international trade has increased sharply, with the contribution of total trade in goods and services to the GDP rising from 16% in 1990–91 to 47% in 2008–10.

Positivity aside, there are worrying statistics as well. The unemployment rate for 2010–11, according to the State Labour Bureau, was 9.8% nationwide. As of 2011,India’s public debt stood at 68.05% of GDP, which is highest among the emerging economies, and inflation remains stubbornly high with 7.55% in August 2012.Industry and servicesIndustry accounts for 28% of the GDP and employ 14% of the total workforce. Textile manufacturing is the second largest source of employment after agriculture and accounts for 20% of manufacturing output, providing employment to over 35 million people by the end of 2012. The services sector provides employment to 23% of the work force and is growing quickly, with a growth rate of 7.5% in 1991–2000, up from 4.5% in 1951–80. Information technology and business processing outsource are among the fastest growing sectors, having a cumulative growth rate of revenue 33.6% between 1997–98 and 2002–03 and contributing to 25% of the country’s total exports in 2007–08.

Then comes retail industry, which is one of the pillars of Indian economy and accounts for 14–15% of its GDP. As of 2009, India is the fourth largest producer of electricity and oil products and

the fourth largest importer of coal and crude oil in the world. In-cidentally, India has the world’s fourth largest Railway network too.

Despite industry, serving sectors contributing significantly to the economy, agriculture is India’s strength and it is largest pro-ducer in the world of milk, jute and pulses, and also the second largest producer of rice, wheat, sugarcane, cotton and ground-nuts, fruit and vegetable. However, tourism is one sector which is relatively undeveloped despite the country’s rich history and its cultural and geographi-cal diversity. It contributes 6.23% to the national GDP and 8.78% of the total employment. The other sector where growth is pronounced is Banking and finance. With 20 nationalised banks and numerous private banks, the reach of common people to banking has increased tremendously. Since 1969 the number of bank branches has increased from 8,260 to 72,170 in 2007.

As the third largest economy in the world in PPP terms, India is a preferred destination for foreign direct investment ( FDI). Dur-ing the year 2011, FDI inflow into India stood at $ 36.5 billion. During 2000–10, the country attracted $178 billion as FDI.

Now the question is how far the fruits of economic growth in terms of impressive statistics has been distributed to the popu-lation of the country?In this regard, there is a powerful and disturbing insight into In-dia’s growth process. In stark contrast to many countries which have grown at rates very similar to India’s but which have man-aged to register marked declines in socio-economic inequali-ties, India has witnessed an increase in socio-economic inequal-ity since 1990. In fact, India emerges as the worst performer among the South Asian countries.

Another critical problem facing India’s economy is the sharp and growing regional variations among India’s different states and territories in terms of poverty, availability of infrastruc-ture and socio-economic development. Severe disparities exist among states in terms of income, literacy rates, life expectancy and living conditions.

The five-year plans, especially in the pre-liberalization era, and

January 2013 13

also new strategic initiatives in the post liberalization era have attempted to reduce regional disparities but in vain to bring in desired result. In fact, the economists fail to realize that ulti-mately the problem of equitable growth or inclusive growth is intricately related to the problems of good governance and transparency. Like regional disparity, poverty , unemployment ,child labour and corruption are the other main pot holes in the path of In-dia’s development. Though people living below poverty line has come down substantially in the last few decades, according to World Bank international poverty line methodology, 33% of the total population is India is still living below poverty level during 2010. In rural India, about 34 percent of the population lives on less than $1.25 a day, while in urban India, 29 percent of the population lived below that absolute poverty line in 2010. Since the early 1950s, successive governments have implemented various schemes to alleviate poverty, under central planning, that have met with partial success. The NSSO survey estimated that in 2004–05, 8.3% of the popu-lation was unemployed, an increase of 2.2% over 1993 levels, with unemployment uniformly higher in urban areas and among women. Growth of labour stagnated at around 2% during 1994–2005, about the same as that for the preceding decade. Child labour is a complex problem that is basically rooted in poverty, coupled with a failure of governmental policy, which has focused on subsidising higher rather than elementary ed-ucation, as a result benefiting the privileged rather than the poorer sections of society However, the Indian government is implementing the world’s largest child labour elimination pro-gram, with primary education targeted for 250 million.India has made huge progress in terms of increasing primary education attendance rate and expanding literacy to approxi-mately three-fourths of the population. India’s literacy rate had grown from 52.2% in 1991 to 74.04% in 2011. The right to education at elementary level has been made one of the funda-mental rights, and legislation has been enacted to further the objective of providing free education to all children.

Corruption has been one of the pervasive problems affecting In-dia. In 2011, Transparency International ranked India at 95th place amongst 183 countries in perceived levels of public sector corruption.

India has about 61 million children under the age of 5 who are chronically malnourished, compared to 150 million children

worldwide. India’s government has launched several major programs with mandated social spending programs to address child malnourishment problem and as a result according to 2011 UNICEF report, between 1990 to 2010, India has achieved a 45 percent reduction in under age 5 mortality rates, and now ranks 46 in 188 countries on this metric.

Obviously, the journey of India in the past few decades was not exactly smooth. But it all matters how we measure the growth, whether to look at a glass half empty or half full.

Per 2011 census, India has about 330 million houses and 247 million households. The household consumption patterns per 2011 census shows about 67 percent of households use fire-wood, crop residue or cow dung cakes for cooking purposes; 53 percent do not have sanitation or drainage facilities on prem-ises; 83 percent have water supply within their premises or 100 meters from their house in urban areas and 500 meters from the house in rural areas; 67 percent of the households have access to electricity ( this statistics is less encouraging for rural areas where only 44% of households have access to electricity), 63 percent of households have landline or mobile telephone con-nection; 43 percent have a television; 26 percent have either a two wheel (motorcycle) or four wheel (car) vehicle. Compared to 2001, these income and consumption trends represent mod-erate to significant improvements.Looking at the past several decades, it just reminds us a line from the renowned poem that India has miles to go……

President of India, Dr. Rajendra Prasad inspecting the first

republic day parade in Rajpath

January 201314

COvERSTORy

Emirates - Soaring High

You have been spearheading the successful expansion of the civil aviation industry of Dubai from its very inception and the birth of Emirates Airlines. Your comment on the growth of civil aviation sector in Dubai and more specifically of Emirates Airlines.Dubai’s dramatic aviation journey over the past 25 years including Terminal 2 & 3, the cargo mega terminal, the Dubai Flower Centre and the Dubai Metro is well documented. It continues today with the opening of Concourse A, the

world’s first purpose-built A380 concourse and Al Maktoum International – part of the Dubai World Central aerotropolis in Jebel Ali. Emirates has played a major role in Dubai’s growth as an international hub, creating an aviation centric economy.The 2011 report by Oxford Economics, commissioned by Emirates and Dubai Airports, captured some powerful data. It found the aviation sector directly and indirectly supports over 250,000 jobs and contributes over US$22 billion to Dubai’s GDP. This represents around 19% of total employment in Dubai, and 28% of Dubai’s GDP.

Sheikh Ahmed bin Saeed Al Maktoum, President of the Department of Civil Aviation of Dubai. CEO and Chairman of The Emirates Group and the Chairman of Dubai World does need no introduction. His vision and achievement is exemplary as the man behind Dubai’s aviation sector and the driving force behind one of the youngest but most successful airlines of the world. Dr. Bharat Butaney, President of IBPC, Mr. Kulwant Singh, Secretary General of IBPC along with Probiz had the rare opportunity to interview the visionary leader. Sheikh Ahmed shared the growth of Emirates as the winning airlines of the world, its future potential, India as one of the most important destination and along with that also touched upon some strategic initiatives of Dubai Government to take the Emirates into a new height.

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Emirates’ growth continues apace and we now stand at 128 destinations in 74 countries. In 2012, we launched 15 destinations, our most prolific launch year to date. Two new routes have already been announced for 2013; Warsaw beginning 6 February and Algiers, effective 1 March. We drive forward with the world’s largest fleet of A380s and 777s.

From a humble beginning with two leased aircrafts, ‘Emirates’ has become a behemoth and perhaps one of the best airlines in the world. How and where do you see Emirates Airlines by 2020 in terms of its growth on the following parameters: Profitability, revenue, passenger travel, cargo handling, new destinations, number of fleets and tie-up with other airlines?As our network expands, so does the size of the supporting fleet. We currently operate a fleet of nearly 200 aircraft with a further 203 aircraft on order worth nearly US$ 73 billion. Emirates has the world’s largest fleet of A380s and Boeing 777s.We are acutely aware of shifting global trade and economic patterns involving countries such as Brazil, China and India as well as the emerging MIST countries of Mexico, Indonesia, South Korea and Turkey and the need to remain agile.The new routes we are launching and the markets we are tapping into very much reflect the trade and demographics of the world that is evolving.History tells us that we are in a strong position in terms of profitability. Since being established in 1985, Emirates has made a profit in all but one of its years of operation. The Emirates

Group, which includes dnata, posted profits of US$ 629 million for the financial year ending 31 March 2012. During the period, the airline carried 34 million passengers and 1.8 million tonnes of cargo.Our reach and offering to travellers will be significantly enhanced through the proposed Emirates and Qantas partnership, currently under assessment by the Australian Competition and Consumer Commission. This partnership will provide customers unparalleled access to the respective networks and services, including the A380 experience.Cargo will remain a key element to our business. While Emirates SkyCargo may not be as visible as a brand, it is responsible for around 17% of our revenue. Furthermore, cargo is a vital barometer as to the health of the global economy. In terms of air travelers, India is Dubai’s topmost market, accounting for 6.84 million air travelers from as many as 17 Indian cities, last year. How do you intend to exploit the tremendous untapped potential?India is extremely important to Emirates and passenger traffic in and out this market reaches all corners of the Emirates’ network. We currently operate 185 flights a week to India via 10 gateways. As one of the BRIC economies, India is a market to watch and with the world’s second largest population after China, it presents huge potential. With more than 800,000 Indian expats living in Dubai the significance of India for business and leisure travel to Dubai and beyond is clear.

Is the progress at Al Maktoum International Airport as per projections? When do you expect to fully launch passenger services at Al Maktoum International Airport?Dubai World Central is a multiphase development of six clustered zones: Dubai Logistics City (DLC), Commercial City, Residential City, Aviation City and Golf City, with what will one day be the world’s largest airport – Dubai World Central (DWC) at its heart.Dubai airports launched cargo operations at Dubai World Central in June 2010 as part of the first phase of the project with 15 airlines signed up. Passenger operations will commence shortly. The 140sq km development will not only house the world’s largest airport, but will also be home to the region’s first integrated, multi-modal transportation platform connecting air, sea, and land.Upon completion, Dubai World Central will have the capacity to cater to 160 million passengers annually and handle 12 million tonnes of cargo. As Deputy Chairman of the executive council, would you like to share some of your strategic plans for Dubai for the years to come?The Dubai Strategic Plan 2015 was announced by His Highness Sheikh Mohammad Bin Rashid Al Maktoum, UAE Prime Minister and Vice President, and Ruler of Dubai, on the 3rd of February, 2007. The Dubai Strategic Plan (DSP), launched under the theme “Dubai...Where The Future Begins”, sets out a strategic approach to develop the emirate’s most dynamic economic sectors. The plan is divided into five key areas: Economic development; Social development, Security; Justice and Safety; Infrastructure Land and Environment and Public Sector Excellence. We can see some of the shining results of Dubai’s development with projects such as the Burj Khalifa, the Dubai Metro and new roads and flyovers appearing almost every day.Dubai has changed dramatically over the last three decades, becoming a major business hub with a more diversified economy. Dubai enjoys a strategic location and serves as the biggest re-exporting centre in the Middle East.Its low logistical and operational costs and excellent infrastructure, international outlook and liberal government policies are attracting significant investment. Activities such as trade, transport, tourism, industry and finance have shown healthy growth and helped the economy to achieve a high degree of expansion. We expect this to continue as Dubai becomes a more and more attractive place to live and do business.

As a board member of the Dubai Council of Economic affairs, do you think that the emirate has come back to the trajectory of economic growth?

You have to remember that Dubai was not alone when the world got into financial difficulties in 2008 – and many elsewhere fared far worse. Dubai is resilient and innovative and has weathered many storms in the past , whether they be global, regional or conflict generated. But there are plenty of indications that Dubai’s recovery is steady and strong. Two recent bond offerings, the second added because of demand - raised $1.25 billion. This is a further sign of renewed confidence in this great city.

Congratulations for being awarded the “Personality of the year” award for Emirates Airlines Festival of Literacy 2012. Would you like to share your feeling about the award?It seems only yesterday since the first Emirates Airline Festival of Literature and already we are celebrating its fifth anniversary.With Emirates on board from the start, the event has quickly become the region’s largest celebration of the written and spoken word, and again this year, we can look forward to some of the world’s sharpest literary minds rousing Dubai. The festival of literature represents so much that is Emirates – a facilitator of ideas and a catalyst for different cultures. As an airline, we connect the globe each day with a wonderfully diverse book of destinations, via our awe inspiring home of Dubai.So with this in mind, I am honoured to be given this award – and may there be many more festivals in the years to come.

Dubai is bidding to host World Expo 2020 and be the first city in the MENA region to do so. As Chairman of the Higher Committee for hosting the Expo 2020, how do you view the potential and preparations for hosting this grand international event? How will Expo 2020 influence Dubai’s economy?The UAE is bidding to host the World Expo 2020 in Dubai under the theme ‘Connecting Minds, Creating the Future’. Dubai is more than capable of hosting this event and has a fantastic story to tell.Just twenty years ago, Sheikh Zayed Road, Dubai’s main thoroughfare, was mostly sand. Now it is amongst the world’s most admired urban landscapes, linked by six lane highways and a futuristic, driverless Metro system. In a relatively short period of time, infrastructure has progressed to such an extent that the UAE today might be one of the most hyper-connected places on the planet. This interconnectedness lies at the heart of who we are and what we do and is an excellent platform for the World Expo in 2020. And what a great springboard it would be for further economic development across all sectors as Dubai continues its truly remarkable journey.

January 201316

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Expressions of Romanceتعبيرات من وحي الرومانسية

IBPCEvENT

In the holy month of Ramadan, IBPC invited its members & spouses for a Suhoor Dinner along with a traditional Ramadan Music to commemorate India’s 66th Independence Day on Wednesday, 15th August 2012, at 9.00 PM at Hotel Ritz Carlton, DIFC, Dubai.The event was graced by the Chief Guest H.H. Sheikh

Nahyan bin Mubarak Al Nahyan, Minister for Education and Scientific Research, Government of UAE The evening was also attended by the Indian Ambassador, Indian Consul General, eminent dignitaries, diplomats from different countries and a large audience including IBPC members (well known Indian businessmen and professionals).

India salutes leaders of yesterday on 65th anniversary of independenceIndependence day celebration

IBPCEvENT

19January 2013

January 201320

IBPCEvENT

Business after hours The third meet was held at World Trade Club, 33rd Floor, DWTC, Shiekh

Zayed Road, Dubai at 7 – 9 pm on Saturday, 8th September, 2012

January 2013 21

IBPCEvENT

aBC Inter Business Council network

3rd Inter-Business Council Networking Event “Back to Business” organized by American Business Council was held on 10th September, 2012 at Jumeirah Creekside Hotel,Dubai

January 201322

IBPCEvENT

Vibrant Gujarat delegation

3Indian Business and Professional Council ( IBPC) under the aegis of the consulate General of India in Dubai, in association with Dubai Chamber of Commerce had jointly organised a seminar on ‘investment opportunities in Gujarat’ at Ritz Carlton on 24th September 2012. A 10- member high level delegation from Gujarat,led by Mr Kamal Dayani, Industries Commissioner, Government of Gujarat, showcased investment and business opportunities to leading industrialists and businessmen of Dubai, followed by a series of B2B meetings in Sharjah and Abu Dhabito promote Gujarat on the eve of Vibrant Gujarat Summit, scheduled from January 11 to 13, 2013.

Gujarat means promise, prosperity and growth.

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IBPCEvENT

Special address by T K a nair Call to take part in building India

Indian Business and Professional Council (IBPC) of Dubai under the aegis of the Consulate General of India and sponsored by the Industrial Development Bank of India (IDBI) organized a special gathering on 3rd October 2012 at hotel Crown Plaza, to hear Mr. T.K.A Nair, Advisor to the Prime Minister, Government of India. Nair encouraged the Indians abroad, especially from the GCC region to actively participate, financially and intellectually to support the massive requirements of building physical and social infrastructure in the country.

IBPCEvENT

Ambassadors Cup finalIBPC lifts Ambassadors Cup

‘Team India’ the Indian Business & Professional Council, Dubai (IBPC) team, lifted the coveted, ‘Ambassadors Cup’ at the second and the final round of Inter-Business Council Golf Tournament organized by Dubai Golf & Australian Business Council in collaboration with Dubai Chamber of

Commerce & Industry held at 1 PM till evening followed by an informal Dinner reception at Emirates Golf Club at 7PM on October 11, 2012. It was a challenging feat for all the teams with the IBPC team proving their mettle time and again.

January 201324

January 2013 25

IBPCEvENT

Business after HoursIBPC Monthly Networking Event – Business After Hours,

October, 2012, at World Trade Club, DWTC

January 201326

IBPCEvENT

Challenges of today, promises for tomorrow

IIndian Business and Professional Council (IBPC) of Dubai under the aegis of the Consulate General of India and sponsored by Bank of Baroda organized a special address by Mr. KapilSibal, Union Cabinet Minister, for Human Resource Development, Communication and Information technology, Government of India on October 14, 2012 at Crown Plaza, Dubai. Mr. Sibalspoke with his usual charisma and passion about the important parameters of India’s growth and shared with the audience a review of the long-term interest of India, how does the present government want to go about it and what are the hurdles in the process.

Special address by Mr Kapil Sibal

January 2013 27

IBPCEvENT

27 January 2013

Business after Hours IBPC Monthly Networking Event – Business After Hours,

November, 2012, at World Trade Club, DWTC

January 201328

IBPCEvENT

Seminar on Cyber Liability Cyber crime: take action, preventive, not corrective

Indian Business & Professional Council ( IBPC) organized a presentation on Emerging risks: Cyber Liability – Protection and Prevention by MrTakamasa Makita, Legal Director, Clyde & Co LLP on 4th December, 2012 at Oudh Metha Ballroom, Movenpick Hotel, Bur Dubai . Legal

professionals in UAE have urged the companies to be vigilant about the nature of cyber crime and take necessary precautions not only to avoid it but also to retain confidentiality of information, prevent loss of data and maintain reputation of the firm.

January 2013 29

IBPCEvENT

Business after Hours IBPC Monthly Networking Event – Business After Hours,

December, 2012, at World Trade Club, DWTC

January 201330

IBPCEvENT

What to Expect in 2013 – dubai India Outlook

Economic outlook for 2013: Cautious optimism for India, UAE Indian Business & Professional Council, organized a presentation on ‘What to expect in 2013’ India’s Outlook by H E Mr Sanjay Verma, Consul General of India to Dubai & Dubai’s Outlook’ by Mr Thaddeus Malesa, Dubai Chamberon 12th December, 2012 atCrowne Plaza Hotel, Dubai.

While projection for economic growth continues for Dubai with the shadow of fiscal deficit as the single most worrying factor, so far India is concerned positive outlook is narrowed down by numerous pressing challenges.

IBPCEvENT

Seminar on the legal System of dubai

IIndian Business & Professional Council ( IBPC) organized a seminar on ‘The Legal System of Dubai’ on 20th December, 2012 at Ritz Carlton, DIFC, Dubai. H E Dr Ahmed Saeed Salem Bin Hezeem, Director General, Dubai Courts delivered a presentation on the “Judicial & Administrative Excellence in Dubai Courts” which was followed by presentations by H E Judge Ali ShamisAl Madhani, Senior Judge, DIFC Courts,MrNizarFadhlaoui, Registrar, DIFC-LCIA Arbitration Centre and Ms. KorinnaVonthotha, Manager, case management unit, DAIC. Legal experts shared an enlightening picture of the Emirates legal system which has come a long way and is set to become a matured world-class system in few years time.

Legal system in Dubai poised to become world class

31January 2013

January 201332

Dubai being a world class ‘Cruise Terminal’ with several cruises visiting Dubai, IBPC Dubai has seized the opportunity to be first and signed up with a Costa cruises a highly preferential deal for the members and their families. That marks one more of the ‘Firsts’ for IBPC !IBPC Dubai offered its members a novel opportunity to network to a captive audience while enjoying sailing along the scenic Arabian Gulf.

Business after hoursIBPC Monthly Networking Event – Business After Hours,

January, 2012, at World Trade Club, DWTC

IBPCEvENT

Dubai being a world class ‘Cruise Terminal’ with several cruises visiting Dubai, IBPC Dubai has seized the op-portunity to be first and signed up with a Costa cruises a highly preferential deal for the members and their families. That marks one more of the ‘Firsts’ for IBPC !IBPC Dubai offered its members a novel opportunity to network to a captive audience while enjoying sailing along the scenic Arabian Gulf.

IBPCEvENT

Costa atlantica - 4 night cruiseIBPC organized a 4 night Cruise in Costa Atlantica

starting from 14th till 19th December.

33January 2013

January 201334

IBPCEvENT

64th Republic day celebration

January 29th 2013, Dubai: Members of the Indian business community came together as one to commemorate the recent India’s 64th Republic Day, with a colourful cultural extravaganza, during which Indian residents of the UAE who contributed to the UAE’s growth, were also felicitated; at the Ritz Carlton Hotel in the Dubai International Financial Centre (DIFC) on Monday, January 28th.

The gala evening, organized by the Indian Business Professional Council (IBPC) as part of its annual calendar, was attended by the Indian Ambassador to the UAE, His Excellency Mr. M. K. Lokesh; Indian Consul General to Dubai and the Northern Emirates, Honorable Mr. Sanjay Verma; and a veritable Who’s Who of Dubai’s corporate and business professionals from within the Indian community; as well as several prominent Emiratis.

January 2013 35

IBPCEvENT

Indian Business Community marks country’s 64th Republic Day with Cultural Events, Felicitations of Indian Veterans in the UAE

January 201336

Arjun Bhatia, came to the Emirates in 1962. His grandfather known as ‘chiso’ was a pearl merchant who knew the region well and passed away in Abu-Dhabi in 1919. After completing his Bsc in Chemistry from Bombay University, Arjun followed his father and moved to the UAE. He began working for Al Masood and later at the newly formed Abu Dhabi port and customs. He recalls a time in Abu Dhabi when getting electricity even from private generators was a luxury and having to pay eight dirhams to deliver four cans of water on the back of a donkey.

He joined the family foodstuffs distribution and retail business. As the country grew and prospered, so did the business. He is eternally grateful to the Al Masood and Al Moharby family for all their support over the years. Goes without saying that all this has only been possible because of the vision of the founders and the great rulers of the UAE. It is because of them that entrepreneurs such as him have been able to prosper and live peacefully in this great nation.

ARJUN MOHANDAS BHATIA

gOlDENElDER

Managing DirectorEmsons Trading LLC

Period of Stay in UAE : Since 1961

Shyam Bhatia is the Founder and Chairman of Alam Steel Group, one of the largest steel

companies in this region, having diversified steel distribution and processing units. The

company supplies Rebar and Merchant Bars to construction, oil and gas, engineering and

fabrication firms in the Gulf and MENA region.

Shyam has published a coffee table book on one-day cricket titled Portraits of the Game -

Cricketing Greats Recall Their Magic Moments, and its sequel Portraits and also initiated

a charity named Shyam Bhatia Cricket for Care distributing cricket kits to underprivileged

children around the world.

Shyam has helped the development of cricket in the UAE. He has instituted the Shyam

Bhatia Annual Awards to honour the best performers in the local leagues. The award

function is a major event in the in the UAE’s cricket calendar, and he always invites a crick-

eting legend as Chief Guest to present awards to the winners. Shyam also curated his own

cricket museum which is considered to be one of the best in the world.

In 2012 Shyam was honoured with the prestigious Mother Teresa International Award,

for his outstanding service to the underprivileged children around the world.

Shyam Bhatia was also conferred with an Honorary Life Membership by the Cricket Club

of India, Bombay.

SHYAM BHATIAManaging Director

Alam TradersPeriod of Stay in UAE:

Since 1965

January 2013 37

Has been in business activities in Dubai (U.A.E) for over -4-decades. Business is run in the name of M/s Builders Merchants and other Bumga group of companies, Dubai. The main business of the firm is import and export of building materials and structural steel.

Company profile: Bumga group was established in 1968 in Dubai. At present it has 70 employees. Builders merchants, which is also the flagship company of the group, is the first building material trading company in Dubai, to be awarded the prestigious iso 9001 certification.

V.G.V. ESWARANChairman

Bumga GroupPeriod of Stay in UAE:

Since 1968

gOlDENElDER

Arrived Dubai at the age of 22 years on 27th November 1968 by ship from Bombay. My first job was with Royal Air Force in Sharjah as librarian. Worked 8 years for Costain Civil Engineering as head for Materials Testing Laboratory. Started own company Desert Roofing in 1978.

The DRFCO group of companies are 1. Desert Roofing & Flooring Company, 2. Pearl Insulation Materials Industries, 3. Drfco Interiors, 4. Alpha Security & Allied Systems, 5. Delta Chem Middle East and Bayer Pear Industry, a joint venture with Bayer company of Germany manufacturing polyurethane chemicals in Dubai.

M.A.SALEEMChairman

DRFCO Group of CompaniesPeriod of Stay in UAE:

Since 1968

January 201338

MMK Nair started his career in the Aviation Industry over 43 years ago when he first arrived in Dubai in early 1970. He joined the then Management firm of International Aeradio Limited (IAL) Ltd UK, which offered Airport Management services to Dubai Airport. He has studied Airport Finance & Economics in the Loughborough University in the UK.After the formation of Dubai Civil Aviation in early 1980s, Mr. Nair moved to Department of Civil Aviation and went on to become the Director Finance of DCA, Government of Dubai.“I have witnessed the growth of the Dubai Airport and have grown along with it” said Mr.Nair.He has been an integral part of the massive expansion projects of Dubai Airport including the old & new Terminals, runways, Cargo village, Dubai Duty free, Air show facilities, Dubai Aviation College & Club and the expansion of the New Concourse which opened on April 2000.He was also the ACI-Asia Representative on the Airports Council International World Economic Standing Committee.Presently he is the Managing Director of Emirates Aviation Services, EAS, - Flying School – of which Shk. Ahmed Bin Saeed Al Maktoum is the Chairman. Flying School was established in 1989 with the primary objective of imparting flight training & related courses to aspiring students. More than 500 students from various countries have been winged.His advise to young professionals is that every opportunity offered must be taken up and he is a firm believer in “There is no substitute for hard work”

M M K NAIR

gOlDENElDER

Russi Patel is the Managing Partner of BDO Chartered Accountants & Advisors, one of

the legging professional firms established in the gulf region for over 40 years. The firm is

a member of BDO International, currently the World’s fifth largest international account-

ing organization and Russi is a member of its council. He is the founder member and

has been Chairman for more than one period of the office of the Dubai Chapter of the

Chartered Accountants of India which was established in 1982.

Russi was recently given a special award by Dr M Veerappa Moily, Honorable Union

Minister for Corporate Affairs, Government of India in recognition of his long term spe-

cial services rendered to the chapter. He has also received the lifetime Achievement Gold

Star Award from a prominent NRI group, in recognition of his service to humanity and

contribution to the Economic Development of India and the UAE.

RUSSI J PATELManaging Partner

BDO Patel & Al SalehPeriod of Stay in UAE:

Since 1968

Managing DirectorEmirates Aviation Services

Period of Stay in UAE: Since 1970

January 2013 39

K V. SHAMSUDHEEN

Mr. Shamsudheen, a ‘savings and investment’ wizard was born from an interesting NRI background with parents hailing from two countries, Sri Lanka and Malaysia. Experiencing struggle of being an NRI, good habits prompted him early when as a 13 years old boy he started propagating savings among villagers and students as a member of Bharat Sevak Samaj.With the start of Dubai chapter in 1970, his penchant for inculcating saving habits extended in educating Dubai-based NRIs to send money through banking channel as a safer and surer option than the traditional cheaper channel of Hawala.His continuous effort as ‘money master’ bagged him sub broker’s assignment from UTI in 1976. However in 1991 he resigned from UTI and started his own financial services company in Sharjah and in 1995 became the NRI promoter of Geojit Securities where he continued as board member till 2002. In 2001, he was instrumental to start Barjeel Geojit Securities, first brokerage house in Dubai as one of three partners in this limited liability company. Barjeel Geojit has now five offices in UAE, joint ventures in Saudi Arabia, Oman and Kuwait and nearly one hundred thousand customer bases.Being a prominent Indian in UAE, he was a founder member of Indian Association of Sharjah and executive member of Oversea Indian Economic Forum. In 2001 he set up Pravasi Bandhu Welfare Trust ( PBWT) with an objective of encouraging savings and investment habits amongst the expatriate communities. Under this banner he has conducted several financial awareness classes and interactive radio and TV programmes. At present he is holding the position of Vice-Chairman in Sharjah Chamber of Commerce.For his continuous effort towards betterment of lower and middle class segment of NRIs by instigating sense of financial awareness, he was lauded by many organisations. In 2011, Cochin Herald and Indian Chamber of Commerce and Industry awarded him followed by Garshome Media award as Pravasi Rathna in 2007 and Global Indian Association and New Global Indian magazine award during 2012. In the same year renowned Arabian Business chose him the 52nd most influential Indian in the UAE. Last but not the least, Michigan and George Town Universities mentioned his financial awareness programme as one of the most effective in a 60-page report.

Chandrakant Valabdas, proprietor of Creative Traders, has been a resident of Dubai for over 40 years. A Civil Engineer by profession, he started his career as a Civil Engineer with Arenco in 1972. He then started his own Architectural firm, Chandrakant Gajaria & Associates in 1975. By 1979, he set up his own trading company, Creative Traders, specializing in Hardware, Building Materials & Safety Equipment.

Today, Creative Traders is the leading distributor for many well-known brands & products which are imported from all over Europe, USA, South America & many Asian countries. Its head-office is in main Wholesale Hardware market of Deira. It caters mainly to the general contractors and end-users and also exports to nearby GCC markets.

Mr. Valabdas is also actively involved in his social commitments. He has been on the Managing Committee of the Indian High School, Dubai (IHS) & The Mercantile Hindu Community of Thatta (Sind), Dubai (MHCT), having served as Treasurer in both institutions.

CHANDRAKANT VALABDAS

gOlDENElDER

DirectorBarjeel Securities LLCPeriod of Stay in UAE:

Since 1970

OwnerCreative Traders


January 201340

Shabbir Vakil is highly qualified professional with more than 35 years of experience in Manpower & Recruitment Services. He has a strong a pleasant personality that has made him a distinguished professional in the field of Recruitment.

Al Vakil Group – A highly esteemed organization and the pioneering front runner in the field of Manpower & Recruitment Consultancy, driven by the passion and the progressive expertise during the span of 3 decades, striving for excellence in work structure backed by the dedicated team of professionals. We have offices in all over Asian countries.

SHABBIR RAJABALI VAKIL

gOlDENElDER

Managing DirectorAl Vakil Recruitment Service


Dinesh Kothari – Chartered Accountant by profession, started career with ICICI, India’s premier Development Bank, in the year 1973. In the beginning of 1975, joined Bukhatir Investment Group, one of the largest local business house in Sharjah, U.A.E. In the year 1978, assumed the responsibility of CEO of the Group, which has well diversified business activities ranging from Real Estate Development, Construction, Banking, Insurance, IT, Manufacturing etc. Group employed over 6000 people, and has establishments globally. After working there for 14 years, ventured out on my own and set up own M&A (Mergers & Acquisition) practice in India, with also base in U.A.E. In the year 1997 associated with Delhi Public School (DPS), India’s premier educational institution, operating over 120 schools in and outside India. In collaboration with DPS, started the first school in Jodhpur, Rajasthan as a non-commercial venture under the banner of family Charitable Trust (Shugan Chandra Kothari Trust) in the memory of my grandfather, who was also an Educationalist. I am the Managing Trustee of the above Trust. Thereafter, set up two schools outside of India, again in collaboration with DPS – one in the year 2000 and the other in year 2003.

DINESH KOTHARIManaging Director

Delhi Private SchoolPeriod of Stay in UAE:

Since 1974

January 2013 41

Bakir Boriawala came to the UAE in 1975 to join his brothers in their just started family business. He moved to Mansur Brothers LLC in Sharjah in 1983, and using his customer centric and innovative approach has since grown the business manifold.

In the last decade he has diversified into various verticals, such as Marine (Legacy Yachts LLC), Fabrication (Legacy Fabrication LLC), Interiors Design (SilverStone Interiors Design LLC) and Interiors Manufacturing (MANO Technical Services LLC) under the umbrella of Boriawala Group Limited.

Despite his success he remains modest and approachable. He believes that vision, innovation and character are the keys to success.Bakir remains a family man; he thoroughly enjoys his role as a grandfather- to his five grandchildren.

He has savoured his life in this wonderful country, the experiences he has had and most importantly the friendships that he has nurtured here.

BAKIR BORIAWALA

gOlDENElDER

B. K. Shah is founder and CEO of Sharifee Brothers, a successful business in Industrial and Oil and Gas Supplies since over 30 years. Clients include leading global companies such as Saipem, Petrofac, Lamprell, Technip, etc. Mr. Shah began his career with Mafatlal group in Mumbai, after completing his MBA in the US. His enthusiasm and energy impressed a local business person who invited him to visit Dubai and perhaps make Dubai his home. Mr. Shah took the offer, but had plans to leave in a few years. After close to forty years in the UAE, he looks back at his time here with a great sense of fulfilment. Mr. Shah continues his philanthropic activities - he has established a B Ed college in his home town, that graduates 100+ students each year. He also funds several primary schools all over India. In his spare time, Mr. Shah enjoys playing the tabla.

B K SHAHChief Executive OfficerSharifee Bros. Co LLCPeriod of Stay in UAE:

Since 1975

Managing DirectorMansur Brothers LLCPeriod of Stay in UAE:

Since 1975

January 201342

Anil Bhardwaj, is a Chartered Accountant by profession and a founder member and past Chairman of the Dubai Chapter of the Institute of Chartered Accountants of India. After having spent some years with Whinney Murray (now Ernst & Young), he joined A.A. Almoosa Enterprises LLC, Dubai (The Arenco Group), a diversified conglomerate with interests in real estate, hotels, manufacturing, architecture designing, services and trade where he is a group Director. He has served the Indian community in other ways including on the Boards of India club, Indian Association and IBPC.

ANIL BHARDWAJ

Dewan is the Managing Director of several companies registered in the UAE, a long time resident and a pioneer in the building material industry.The flagship company, Rajay International LLC, caters to the building material sector in the UAE and Gulf Region. Over the years, it has diversified into manufacturing as well as contracting.Rajay Plastic Industries manufactures plastic pipes and fittings; Rajay Real Estate Division constructs and manages apartments, labour camps and industrial sheds; and Sterling Group undertakes turnkey contracts for MEP services, manufactures electrical switchboards, control panels, fabrication and installation of aluminium and glass products.Mr.Dewan is a familiar name in the UAE business circles, having associated with the regional construction industry for well over three decades.

RAKESH DEWAN

gOlDENElDER

DirectorArenco


Managing DirectorRajay International LLCPeriod of Stay in UAE:

Since 1975

January 2013 43

A professional Banker with over 30 years experience with major Regional and International Banks, largely in the United Arab Emirates, with short spells in London & New York.Hemant started his career with Citibank, Dubai , as an Executive Trainee, then moved to American Express Bank as their Manager Credit. He subsequently put in a stint with Abu Dhabi Comm. Bank, leading their global corporate business. In 1996 he was headhunted by Standard Chartered Bank to lead their business in Abu Dhabi & Al Ain, from where he moved in Oct 1998, to assume a Regional position, as their Area Head of Credit, Middle East & S. Asia. In this position, Hemant held substantial individual credit approval authority, in mul-tiples of USD 100 million. Over the next 8 years, he assisted the growth of SCB’s Corp. book, helped improvise credit policy and procedures and led or participated in the due diligence of successful acquisitions such as, the Grindlay’s Bank, Union Bank, Pakistan and potentials in Saudi, Turkey & Egypt. He joined Arab African International Bank in Dec 2006 as their Regional General Manager to rebuild the business in U.A.E. and expand footprint across GCC countries. He has since managed to successfully grow the franchise and business manifold.Hemant is a B. Com graduate (majors : Finance & Economics) with post graduation stud-ies in Law - LL.B (Gen.). He is well traveled and has attended numerous Executive Training Courses, including sessions with the renowned Harvard Business School-Boston, Oxford Business School-U.K., London Business School (LBS), INSEAD-France etc. He has been the recipient of recognitions and awards from Indian Govt. entities and the BID Convention, Geneva for his professional & social contributions. Hemant and his wife Neeta have two sons, Chirag & Himanshu, who are settled in UK & Canada, respectively.

HEMANT JETHWANI

It gives me great Pleasure as I realize that I have Successfully completed 37 Years of my Young and Colorful years in Dubai. It reminds me of 11th April 1975 the day I came to Dubai by Air India flight to join AL FUTTAIM ENGG. CO. for the Employment Contract of Five Years as Sales Engineer. During my rich Experience of five years in Professional and highly reputed co., I learned a lot.Like any other Ambitious Sindhi, I planned to enter into my own Business in 1980 at Sharjah and opened an Sales Outlet at Sharjah Al Khan which gave me Good Publicity and Fame. This was my Turning Point. I was born on 20th April 1945 and Qualified as Engineer from VJTI Mumbai in 1966, having Nine years HVAC Experience in Mumbai from BLUE STAR ENGG., AIR CONDITIONING CORP. of BIRLA GROUP and KELVINATOR of India in R&D, Quality Control, Sales and Marketing. I got Married on May 9, 1971, have Two Sons Girish and Manish of 40 and 35 Years and Five Grand Children. I am Proud to say that I am Lucky to be staying with my father who will turn 90 years in the Month of April this year and Happily enjoying FOUR GENERATIONS in DUBAI.

RAMESH HIRANDANI

gOlDENElDER

General ManagerArab African International Bank


Chairman & MDRamesh Hira LLC


January 201344

A dreamer in the truest sense, the only exception is that Mr. Mohammed Fakhruddin Ajmal, firmly believes that to realize your dream you have to wake up, and he did wake up way back in 1974 when he realized that he has to move out of the comfort zone, which he was enjoying under the guidance of his father Late Haji Ajmal Ali and his Elder brother. Hence, the trip to the GCC countries, as Company’s marketing manager treading the footprint of his Entrepreneur father and finally settling in Dubai. The vibrancy felt way back still continuing to be motivating factor for him. His pride possession are his closely knitted family and friends, knowledge he gained in the association of who’s who of the region and industry. His worldly treasures are the memories captured with the Rulers of the region and their signed cheques.

Mr. Fakhruddin Ajmal is the Senior Director of the 60 years old AJMAL Group, which is one of the foremost and pioneering names in perfumes. He is also the Founder Director of Ajmal Real Estate, established in the year 1996.

MOHAMMED FAKHRUDDIN AJMAL

Mr. M.M.Mohiuddin, 74, has been associated with ETA-Ascon Group from its inception.A graduate in Electrical Engineering with Honours, he worked for Tata Group for 15 years. In 1975 he was invited by ETA Management to set up an Electro-Mechanical division for the Group. He was also involved in Manufacture of Switchgear and commencing operations in Power projects Division. He conceived and concluded the collaboration with Fujitsu General for manufacture of world famous G-GENERAL Air Conditioners in India. He is a Director of ETA Engineering, ETA General in India and Prime Health Care Group that has a chain of poly clinics. In 2004 he was awarded by the Indian society of Heating, Refrigeration and Air conditioning Engineers (ISHRAE) for his contribution to the Air conditioning industry in India. He lives in Dubai and has two daughters and a son.

M.M.MOHIUDDIN

gOlDENElDER

DirectorAjmal Group of Companies


DirectorPrime Healthcare Group LLC


January 2013 45

SUNIL BHATIA came to Dubai in 1976 and joined BB Trading as a foreman & gradually moved up the ladder to become the General Manager and became an active member of the Indian Association in 1981- 1995 and was Honorary Advisor till 2003.In 1996, Sunil Bhatia conceptualized & organized the first ever mega event – THE INDIAN PAVILION, in Safa Park. Due to its resounding success, it was again hosted in 1997 under the patronage & banner of Dubai Shopping Festival and thereafter it became a part of GLOBAL VILLAGE. Apart from organizing & managing ‘THE INDIA PAVILION’, the largest at the Global Village every year till date, he also organized several new pavilions. Under his experienced leadership, innovation & hard work, the India Pavilion has bagged many prestigious awards at the Global Village. He also took his concept to India, Jordan and Lebanon.Other than the events management company – E4 ENTERTAINMENT COMPANY which he started in 2002, Sunil Bhatia also diversified into other businesses such as – BRONZE FABRICATION (steel fabrication), INTERNATIONAL SUPPLY HOUSE TRADING, FROMA GENERAL TRADING CO, & PROACTION MEDIA SERVICES MeFZ LLC.He has always been at the forefront of community service, willing to extend a strong helping hand to those in need.Humility, compassion, hard work & determination, are a few of the qualities that make Sunil Bhatia an outstanding figure in the Indian community today.

SUNIL BHATIA

GANPAT RAJ KUMBHAT

Ganpat Raj Kumbhat hails from Jodhpur (Rajasthan ).He is a Chartered Accountant and a Law graduate. Before coming to U.A.E , he worked as Finance Manager for Birla group of cos.In 1976 , he came to U.A.E and joined Bukhatir Group and worked as Finance Controller for their several companies including Eastern International (in UAE &Iraq),Landoil-GCSI Basic Exploration and Indo-Gulf Fertilisers(India).Since 1991, he is managing his own business at Interstar Marble Industries , a company engaged in fabrication and installation of Marble and granites in GCC region.He has been actively associated with several professional and social organisations in various capacities He has been Vice-Chairman of Dubai chapter of Institute of Chartered Accountants of India,President of ICAI Toastmasters Club, a founder member of IBPC,Dubai, member of Jain Social Group.He is witness to growth and development of UAE for last 36 years and he feel very proud to be part of it.

gOlDENElDER

Managing PartnerE4 Entertainment


DirectorInterstar Marbles Industries LLC


January 201346

NARENDRA KUMAR JAIN

Narendra Kumar Jain - Vice President managing the Middle-East & Africa region for Franks International over a period of 25 years. An affiliative leader who inspires all to work at their highest level. With his skills and leadership qualities he has built a strong foundation for growth and profitability of the organization.

Ramesh Naraindass Issrani, born in the year 1946 and completed graduation from India who comes from business family background and come to U.A.E in the year 1976 at present serving as a Managing Director of M/s. Mercury Traders LLC, established in the year 1982 based in U.A.E, and established group of companies mainly deals in Readymade Garments, Textile, Electronics and general trading and have its operations in Middle east, Asian Countries, CIS and African countries.

RAMESH N ISSRANI

gOlDENElDER

Vice President-FinanceFranks International


Managing DirectorMercury Traders LLC


January 2013 47

Arrived in UAE in August 1976, for export business. Joined Allied Enterprises Group of Companies on 8th December 1978 and continued for over 15 years as its General Manager, subsequently took over as Managing Director of Gulf Ship Chandlers and vari-ous other associated companies including Power Engineering Equipment Company, Consolidated Trading LLC and Bin Drai Enterprises. Joined the Bin Hendi group as Vice President in 2001, started Grand Woodworks LLC a high end interior and joinery company , manufacturing and carrying out site installation of interior fit out for five star hotels, high end offices and retail outlets as well as private residential properties. Was one of the founding members of OIEF (Overseas Indian Economic Forum – UAE) and was elected as Secretary General and subsequently Vice Chairman. Was an elected member of the Managing Committee of India Club for two terms. Has been featured by BBC (British Broadcasting Corporation) Middle East in their busi-ness report recently for his achievements in the UAE. “

BEHRAM KAPADIA

A dream at the age of 19years to do something that can be called an real achievement in life was finally materialized at 21yrs to come to the land of opportunity and the journey of almost 36years was passed so brilliantly that it looks like I had just landed in DUBAI yesterday.All these years of my stay in this great city has given me all that one would surely love to experience, feel and achieve and I am thankful to my most dear loving family and all the visionary sheikhs of Emirates and most particularly our late sheikh Rashid bin Saeed Al Maktoum and his heirs for a great leadership which has made all us and every person from every walks of life to come here and make their dream come true. I am also very much thankful to all our loving Indian friends for their support directly or indirectly to make my journey come through so well and I am here to reciprocate all my services to our society and to the people of UAE and wish the rest of my journey will be spend as beautifully and as memorable as ever for the betterment of the country where I live n where I belong.The business of branded perfumes and watches in which I have been involved since 1982 is for all those loyal customers who care for Genuine products and quality service and it’s my privilege to provide a very rare n Unique Purple GOLD which is approved by WORLD GOLD COUNCIL as the only 19k GOLD and it is a ROYAL GOLD which soothes the skin of every women and makes her look outstandingly beautiful. So I can simply say wear the PURPLE GOLD jewellery and live the life as its touches every heart with great smile and lets you live with pride and dignity.

RAJESH NAVINCHANDRA GOSALIA

gOlDENElDER

Managing DirectorGrand Woodworks LLCPeriod of Stay in UAE:

Since 1976

CEOBait Al Arab


January 201348

RATAN K KHUBCHANDANI

His success story is no different than any other small town aspirant young boy of 21. Ratan khubchandani took a difficult harsh summer journey by sea from Mumbai to Dubai on a heavily crowded ship to fulfil the needs of a large joint family. The job of a small time salesman was not fullfilling and hence after only 20 months of job experience he embarked upon to fulfill his dream of being self reliant and took his first step on the success ladder when he started the partnership firm in 1979. Then in next 4 years he established a separate new company thats today known as the formidable Spectrum Trading co. Later on he was joined by his two brothers. Spectrum Trading co is An agency and brand management company with moto of “bridging the gaps” where Mr. RATAN played a pioneering role of marketing the Indian apparrel and fashion garments and helped the branded jeans wears find the overseas market place with overwhelming success that no other comany could dream of achieving. Ratan proudly boasts of marketing the major surviving Brands from India which found thier rightful place amongst popular international brands- Today Mr. Ratan is leading a company that caters the needs of not only youth but men of all ages and nationalities living in UAE ; entire middle east , CIS , Russia and African subcontinent.36 years of his journey will not end here..as he is still hungry to achieve greater heights in a profession which is his passion.

gOlDENElDER

Managing DirectorSpectrum Trading Company LLC


Tanvir Kanji heads the Inca Tanvir consortium of Advertising, Public Relations, Media and Internet companies. The group’s flagship company Inca Tanvir Advertising, has been successfully operating in the Gulf for over 36 years, with a stable of local, regional and international accounts (www.incatanvir.com). Media Seen, specialises in ad sales in print, electronic and digital media – representing several prestigious international media for the MENA region (www.mediaseen.com).The group own www.nri-worldwide.com – a dedicated portal for Non-Resident Indians. The portal has won several awards in the Community Service Category internationally and has become the voice of the over 30 million NRIs.A founding member of the UAE Chapter of the International Advertising Association in 1979 and its President till November 2006. Under his stewardship the Chapter emerged as the most active and the largest in the world. The Chapter is the recipient of the Golden Tulip Award for Excellence, twice. He was on the Organizing Committee of ‘Dubai 2006’ – the 40th IAA World Congress, held in March 2006. The Congress was billed internationally as the most successful Advertising Congress ever anywhere and till date has not been surpassed

TANVIR ALI M KANJIManaging Director

INCA Tanvir Advertising LLCPeriod of Stay in UAE:

Since 1976

January 2013 49

Eugene Mayne arrived in the UAE in 1976 armed with a bachelor’s degree in finance and little money. He started his professional career in Dubai with Caltex Alkhalij in 1976 and worked with the company for 22 years. During this time Eugene was also an active member of the Indian sports club and in fact served two terms as a member of the managing committee. Mr. Eugene Mayne is a member of the Indian Business and Professional club since inception.In 1998 Eugene took early retirement from Caltex to start Tristar Transport with a fleet of three used trucks. Today the company has interests in surface transport, ship owning, specialized warehousing, fuel farm management and turnkey fuel solutions. The company operates in 12 countries in the Middle East, Asia, Africa, Central America and the Pacific island of Guam. Mr Eugene Mayne has full Profit and Loss responsibility for the company and has been instrumental in leading the company from a family owned road transport business into a fully integrated multi modal liquid logistics company. Tristar was also one of the first Indian owned and managed companies to receive the prestigious Dubai Quality Appreciation award from HH Sheikh Mohammed Bin Rashid in the year 2000. The company is also the winner of the Arabia CSR award in 2011 and last year Mr. Eugene Mayne was invited to speak on responsible entrepreneurship at the world forum in Lille- France.Mr. Eugene Mayne who originally hails from Bangalore lives in Dubai with his wife and two children.

EUGENE MAYNE

Suresh Gandhi, MD of Al Samier Electricals LLC is a simple down to earth yet a multi-faceted person.Besides Business, his interests are in the field of Education, Social Service, Travel and Reading.Born & educated in Rajasthan, he moved to Mumbai for career development and higher education. After a stint of 12years he moved to Dubai in 1976 and has since been living in Dubai. After acquiring 20yrs of varied experience, he ventured in to business.His ISO accredited company is especially dedicated to meeting Electrical requirements of Marine Oil and Gas sectors, representing 30 renowned principals from Europe and USA. As a part of his philanthropy, he donated a newly constructed & well equipped school to public in Jodhpur, today imparting education to 700 BPL children upto Sr. Secondary Level. He has also organized free eye camps, blood donation camps and contributed generously on various occasions for relief from natural catastrophes. He has travelled extensively within and out side India. He was conferred ‘Bhamasha” Award by the State Government and many others awards by different institutions. He attributes his success to honest hard work and his wife Rekha, who has always stood by him.

SURESH GANDHI

gOlDENElDER

Chief Executive OfficerTristar Transport LLC


Managing DirectorAl Samier Electricals & Eqpt.

Trading Co. LLCPeriod of Stay in UAE:

Since 1976

January 201350

I landed in Dubai in 1976.worked in a private company for 2 years after completing my contract joined Canadian Bank where timings were from 8.00am to 2.00pm. had ample time for the rest of the day. Alongwith my 2 brothers who also landed in Dubai around same time we started small retail shop in Satwa by name of Deepaks which exists till today and doing very well. From here we kept on moving forward only not looking behind within short span opened another retail shops also in Satwa and Deira and also wholesale shop in Textile market which is there till date. Then moved to Japan for almost 10 years from where we used to source our textiles. After that returned back to Dubai in the meantime my elder brother who was in India shifted to Dubai with his family and sons. I handed over my wholesale business of textiles to him and myself with my brothers bought out a garment factory in Ajman by the name of Excel International ran this unit for good period of 6 years till the quota system of USA existed,After than we went in Real Estate business developed a shopping Mall in Ajman by the name of The Factory Mart we were the first one in UAE who came out with the concept of Factory outlet where all top brands like Aldo, Bossini, G-2000 Nine West etc opened their outlets and were selling at factory prices. Side by side started Foodstuff business also. At the moment involved in Garments, foodstuff and Real Estate business.

MANOHAR SAWLANI

gOlDENElDER

Managing DirectorAmri General Trading LLC


In 1976, this young aspiring man left a lucrative and well settled job with one of India’s oldest family-run conglomerate, Godrej, to venture out to the shores of Dubai. Having completed his B.Tech in Chemical Engineering from UDCT, Mumbai, in 1975 he was fresh with ambition, energy and a foresight. Over 35 years later, Mr. Narendra Pandya has no regrets and cherishes the memories of the days, old and new.His humble beginning in the U.A.E. posed various challenges in his early days. Life was difficult with electricity barely serving the city, lack of proper water facilities and few roads. Newly married, his young wife of 19 joined him from Mumbai to share the struggle and hardships of minimum family comfort at the time.Upon arriving in Dubai, Mr. Pandya partnered with a local trading company to start a Chemical Trading division. Soon after, he took up a new challenge due to his entrepreneurial spirit and started his own chemical distribution company called House of Chemicals. Today, it is the leading chemical distribution company in the region with state-of-the-art bulk storage facilities in Abu Dhabi, Dubai, Ajman, Ras Al Khaimah (U.A.E.), Muscat (Oman) and Doha (Qatar). Today, H.O.C. celebrates over 25 years of excellence in the region owed to the passion, dedication and vision of Mr. Pandya.Although he spent almost his entire adult life in Dubai, his heart has always been close to his motherland where he has served his community in the state of Gujarat, building high quality accommodation provided to pilgrims throughout the year, a temple and a school in a village near Idar, Gujarat. His father, Dr. C. J. Pandya, spent his entire life dedicated to social service as the trustee and president of 2 charitable hospitals in Mumbai (Eye and General Surgical), which have been extensively supported by Mr. Pandya.

NARENDRA PANDYA Managing DirectorHouse of Chemicals


January 2013 51

Nagdeve first came to Sharjah on 31st January 1976, and started his career with a consulting firm as a Structural Design Engineer. He then founded TAHL Consulting Engineers (1983 -1997) and later went on to establish MZOON Building Contracting Co. LLC in Sharjah. Mzoon gradually expanded construction activities to Dubai, Ajman and Umm Al Quwain and has made an indelible mark of excellence on the construction industry with Multi-storey buildings, Shopping Malls, Schools, Factories, Warehouses, and Luxury Villas.Mzoon has successfully completed over 500 projects across UAE under the guidance of Mr. Nagdeve who ensures that all operations of the company are managed with the integrity and transparency.

Presently Mr. Nagdeve resides in Sharjah with his wife and son.

Born in 1950 in Ujjain, India.Education: Civil Engineer from SGSITS, Indore, India

NANDKISHORE NAGDEVE

K.S.Bassi came to Dubai in the year 1976, initially worked as Salesman in a company for few years

. Having desire of doing his own Business he started doing small deals of used cars and keep on

progressing in this field. In the year 1997 he started his own Car rental company with name CARFARE

RENT A CAR LLC with few cars , after that he never looked back. Along with this business he started

used cars showroom with the name ADVANTAGE MOTORS LLC , and a Ultra Modern Workshop with

the name CARFARE AUTOWORKSHOP in Dubai Investment Park.

As of now CARFARE GROUP has its Head Office in DIP and its Branches and Used Cars Showrooms

in all over Dubai , Sharjah and Abu Dhabi and is managing the fleet of more than 1500 cars.

In the year 2008 Mr.Bassi bought Facilty Management company name MARBLE LIFE GULF , a UAE

Franchise of MARBLE LIFE USA, which is specialist in Stone Care Business . Since 2008 Marble Life

has grown many folds and has now manpower of approx 250 employees , and is doing restoration

and maintenance of Marble and other type of floors of Hotels, Shopping Malls, Restaurants , offices

and Villas. Its clients include ,The Dubai Mall, Mall of Emirates, The Address Hotels, Westin Hotel,

Amwaj Rotana, Sheraton Hotels, Jumeirah Rotana, City Centre Hotel, Kempinsky, Broadway Hotel,

Metropolitian Hotel, Palace Hotel Downtown, and many more.

Mr.Bassi had aspiration of making a World Class School in his Home Town. So in the year 2009

he opened Cambridge International School in Phagwara ,Punjab,India. This School is Managed by

Bassi Educational Society and is one of its kind in the whole state. It has high class Infrastructure ,

Administration and Teaching Staff . This School has all facilities like Olympic standard Swimming Pool,

Tennis Courts ,Squash Courts, Gymnasium, Large playing area, Modern Science lab , Computer Lab ,

Aero Modelling Training , Horse Riding and many more , which were lacking in other schools of that

area. This School is running very well and its students are increasing every year.

KULWINDER SINGH BASSI

gOlDENElDER

Managing DirectorMzoon Building Contracting LLC


ChairmanAdvantage Motors


January 201352

GURJIT .S. GREWAL

Gurjit .S. Grewal was born in Punjab in 1948. He came to U.A.E. in the year 1976 and started his own business Metel Trading LLC (MTL) in 1982. MTL was initially supplying products to Telecom authorities and Municipalities but eventually expanded its business to import and distribute Electromechanical products & Food. Metel Industries LLC (MIL) was formed in 2002 dealing with assembly of Generating Sets and Pumps Sets inclusive of UL listed Fire Fighting Pump Sets. Metel Engineering WLL, Qatar started in 2001 distributes products of MTL & MIL.

The Group also set up Unisafe Fire Products Specialists which undertook several prestigious projects in U.A.E. He is now the Partner & Director of this Venture.

He is a keen Golfer and represented IBPC winning team in Inter-Business Council Golf tournaments. He is also the founder member of Indian Punjab Society which promotes its culture and community social work.

In February of 1976, Laxman Bhatia landed in Dubai after earning his degree as an electrical engineer. He worked in sales for electrical supplies sore that paid AED 750 a month. Booming sales in Dubai gave Laxman a chance to start his own wholesale and retail store that eventually specialized in crystal chandeliers.

Never missing a profitable business opportunity, Laxman also launched a computer retail store in the late 90s. By 2003, Dubai transformed into a thriving real estate industry in which Laxman got a chance to invest and build his real estate empire which is now also being shouldered by his son Rocky Bhatia, running the show of day light group dubai.

LAXMAN BHATIA

gOlDENElDER

Managing DirectorMetel Trading Est.


Managing DirectorDaylight Info system & Daylight

PropertiesPeriod of Stay in UAE:

Since 1976

January 2013 53

• Came to Dubai in 1963• Managing Director of Vetco International LLC- Dubai and Vetco Garments Ltd-Ajman• Dealing in garments,textiles and general trading• Founder of India Club in 1964• Hon.Chairman of India Club from 1988 to 1991• Hon.Chairman of Indian High School from 1977 to 1983

MR.BHAGWAN JETHWANI

Ashok Odhrani, an entrepreneur in 1973 built Supertech as an enviable reputation for the delivery of premier oil and gas control solutions in the UAE, Middle East and Indian sub-continent. Having landed on Dubai shores with the British India Steam Navigation Organization in 1967, Ashok obtained employment in an automotive spare parts and services company. Having gained six years of necessary experience and market knowledge from this vocation he took the decision to create his own company dedicated to delivering quality products to all associated with the global oil and gas industry. The climate at the time, with the Seven British-Trucial states forming the United Arab Emirates and the oil related embargo by Arab states against Israeli occupation in the 1970s provided an ideal platform for growth. Throughout its 40-year history, Supertech has always remained loyal to progress, persistently expanding its offering and market influence to great success. By growing in recognition as a value-added provider offering custom-built equipment for various oil and gas applications, Supertech is aiming to multiply its industry interests. Today the company is headquartered in Jebel Ali Free Zone (JAFZA) in Dubai with strategically located branches based in Dubai/Northern Emirates, Abu Dhabi and Qatar, as well as independent business entities in India and Pakistan giving it a truly widespread geographical coverage. Having started with essential emphasis on serving oil and gas businesses, the company has successfully diversified its activities into the complimentary markets of power generation, energy, primary steel, automotive and manufacturing industries. The expansion of MONILEK charitable research hospital in Jaipur is one of the current works Im proud to be associated for my return to the mankind. Ashok is married to Sunita and has 3 children Hema, Deepak & Jitendra.

ASHOK ODHRANI

gOlDENElDER

Managing Director of Vetco International LLC- Dubai

and Vetco Garments Ltd-AjmanPeriod of Stay in UAE:

Since 1963

ChairmanSupertech Group


January 201354

Expos are global exhibitions which have been connecting the entire humanity for past 150 years. Last Expo 2010 was in Shanghai and the next one is in Milan in 2015. In November 2011, UAE submitted its bid to host the 2020 World Expo in Dubai, reflecting the vision of the Rulers. In the formal submission to the Bureau International des Expositions (BIE), HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE, and Ruler of Dubai highlighted the theme of the country’s bid – “Connecting Minds, Creating the Future” – which is the true spirit of the United Arab Emirates. Paris based, 160 members BIE oversees bidding , selection and organization of World Expos.

Dubai – UAE, a leading emerging economy on the global scenario, is well-diversified with trade, tourism, logistics and financial services as its main drivers. Very well established, second to none, infrastructure coupled with robust, business friendly, policies of the visionary Rulers make Dubai the undoubted FIRST choice for Expo 2020.

Strategic geographic location of Dubai makes it a hub of global connectivity. Dubai is well positioned to host EXPO 2020 and the Bureau International des Expositions, the intergovernmental organization charged with overseeing World Expos will find a motivated, reliable, secure and committed partner in Dubai and the UAE.

Dubai is a ‘human magnate’ with immense capacity to attract people. Dubai is a metropolis, where more than 200 different nationalities live and liaise on day to day basis. The entire GCC, as a family, looks towards Dubai as a hub of activity and pours into Dubai during any mega-event happening here. A record number of over 72 million tourists visited Dubai in 2012.

Dubai International Airport, the 3rd busiest airport in the world by international passenger traffic, deserves a loud applause for handling a record 57.7 million in passengers in 2012. The planned increase in airport’s capacity to more than 90 million passengers by 2018 along with the envisaged 120 million

passengers per annum capacity, of the now operational, new Al Maktoum International Airport will make Dubai the best tour and transit hub in the world. The new cruise terminal at Port Rashid has added an additional mode of transport and recreation in Dubai. Metro, Monorails, Tramways, the traditional ‘Abra’, taxis (more than 7,500) and Bus system (transports over 30 million people weekly) make local transportation extremely convenient and comfortable. We find the administration wide awake to the needs of the growing population. So much so, that GPS companies find it difficult to cope up with the truly incredible pace of development. During

my over two decades of stay in Dubai I have seen a new landmark structure or a new stretch of road every month. The envisaged additional 500 km of roads plus 120 multi-level interchanges by 2020 will make the world envy Dubai’ infrastructure!

A World Expo in Dubai in 2020 would be the first to be held in the Middle East, North Africa and South Asia region. Dubai Expo 2020 will be a platform for connectivity to help pioneer new partnerships for growth and

sustainability for the future of Dubai and Dubaites. Millions of visitors pouring into Dubai during the six months of Expo will transform Dubai economically, culturally as well as socially.

Indian Business & Professional Council (IBPC), Dubai is more than willing and pleased to support the efforts of the Rulers and Government of Dubai for winning the right to host EXPO 2020 in Dubai. If hosted in Dubai, Indian Business & Professional Council (IBPC), Dubai would look favorably at participating in a corporate / theme / NGO /country pavilion.

I, on my personal behalf and on behalf of the entire Indian community take this opportunity to wish good luck to Dubai for winning the right to host Expo 2020, the announcement to which effect is expected in November 2013.

Dr Bharat ButaneyPresident, IBPC Dubai.

Dubai Expo 2020 will be a platform for connectivity to help pioneer new partnerships for growth and sustainability for the future of Dubai and Dubaites.

EMERgINgECONOMy

January 2013 55

Oscar Nomination: The Indian film fraternity is celebrating Chennai-based Carnatic music vocalist Bombay Jayashri’s Oscar nomination for “Pi’s Lullaby” from the “ Life of Pi” for the 85th Academy Awards, terming it an “amazing honour” for a great artist.The song has been written, composed and sung by Jayashri for the Canadian composer Mychael Danna, who scored the music for “Life Of Pi”, which has got total 11 nods at the Oscar nominations that were led by “Lincoln” with 12 nominations. Jayshri has been cited in the best music original song category..

Modi extends invite for 2015 vibrant Gujarat summit: Triggering a fresh bout of speculations about his probable role in BJP post 2014 elections, Gujarat Chief Minister Narendra Modi today extended invitation to industrialists to attend the seventh edition of Vibrant Gujarat Summit (VGS) in 2015.“Let me first finish the important work to invite you all. You all should note down January 11, 2015. I am inviting you all for 7th Vibrant Gujarat Summit,” Modi said signing off the showpiece biennial Vibrant Gujarat summit edition which was held against the backdrop of his thumping victory in 2012 Assembly elections being at the helm of Gujarat.Modi’s invitation comes at a time when he is being tipped to be a front-runner Prime Ministerial candidate in BJP for 2014 general elections.Doing away with the convention, Gujarat government this time refrained from declaring overall figure of the proposed investments pledged by industries. Instead the govertment said “there were investment intentions for 17,719 projects against 8,380 investment intentions in 2011 VGS summit”.

Ban on women working after 6 pm: Refuting media reports about the government asking private institutions in the state to not let women employees work beyond 6 pm due to “safety reasons”, Uttarakhand Chief Minister Vijay Bahuguna recently claimed that no such order has been issued to them. However, he mentioned that the government is sensitive and serious about safety of women. “No such order has been issued by the state government. Employers in private institutions have only been advised by the state government to make proper and adequate arrangement for the transportation of their women employees working beyond 6 pm,” Mr Bahuguna told reporters.A section of the media recently carried reports saying that the government has issued an order stopping women from working beyond 6 pm for safety reasons.

Modi announces patent unit for SMEs in Gujarat: Gujarat Chief Minister Narendra Modi said a dedicated unit in the state industries department will be formed soon for catering to patent-related needs of small and medium enterprises (SMEs). “My Government will soon open a patents unit in INDEXT-B (Industrial Extension Bureau) for the security of knowledge and innovation of SMEs in the state,” Modi said, addressing a convention on ‘Growth through Competitiveness’ on the second day of the Vibrant Gujarat Summit (VGS).Emphasizing the importance of smaller industries and entrepreneurs in achieving high industrial growth, he asked SMEs to shed “defensive approach” and start aggressive branding and marketing with a focus

on capturing the share of global market.Modi also said that small-scale industry was the growth engine for Gujarat. “Growth of the SME sector nationally is 19 per cent whereas in Gujarat SME sector is growing at 85 per cent. This is the sector which has helped the state to generate maximum employment,” he said.

India’s reforms gains credibility. Pitching for India of late has become tougher for investment bankers. The would be investors are generally turned off by corruption scandals, political paralysis, slowing down of the economy, warnings of impending downgrades to the country’s credit rating and add to it the series of power failures in July that plunged hundreds of millions of Indians.Then, starting in September, Prime Minister Manmohan Singh and his new team of economic advisers led by Finance Minister, Palaniappan Chidambaram unveiled proposals to ease restrictions that bar foreign companies from operating freely in broadcasting, insurance, and other industries. To burnish the government’s reformist credentials, Singh reshuffled his cabinet at the end of October, replacing about a third of his ministers. The moves have lifted the spirits of investors who have watched Asia’s third-largest economy sputter. Growth was 5.5 percent in the second quarter, down from 8 percent in the same quarter last year. Observers say that the move has helped in regaining some credibility with the international investors though skeptics are watching Singh closely as to what extent cabinet can secure approval for many of their proposals.Skeptics are watching Singh closely. Last year the prime minister announced plans to allow foreign retailers such as Wal-Mart Stores (WMT) and Tesco (TSCO) to open stores in India, only to retreat in the face of opposition from coalition members. Progress has also faltered on the government’s goal of containing the fiscal deficit to 5.1 percent gross domestic product for the fiscal year ending March 31, 2013.The ratings companies too are reserving judgment for the time being.

Wal-Mart ordeals: Bad road, red tape, burly thugs slow Wal-Mart’s passage to India:Last fall, following a relaxation in India’s foreign-investment rules, Wal-Mart Stores Inc was planning to open its first stores in the country in the next two years, tapping into a prized $490 billion retail sector. But to cash in, Wal-Mart and other foreign retailers will have to solve a fundamental problem: how to move goods into stores efficiently in a country that offers big retailers little in the way of modern logistics and is plagued by dilapidated infrastructure.The hurdles are particularly daunting in the food sector that makes up more than half of the revenues of the company. In the world of perishable goods, India has few rivals. Lacking proper storage facilities, enough refrigerated trucks and adequate highways, the world’s second-largest fruit-and-vegetable producer loses about one-third of its produce each year to spoilage worth roughly $10 billion.India also is bogged down by an entrenched system of government-imposed middlemen, the scope of which has few parallels, essentially an army of traders and agents who charge various fees along the way. That alone can increase farm-to-store costs six fold, analysts estimate.

Mix bag from India:NEwS

SNIppETS

January 201356

Dignitaries on the Dias during Pravasi Bharatiya Divas 2013

Pravasi Bharatiya Divas (PBD) is organized every year since January 2003, with a view to connect India to its vast Indian diaspora and bringing their knowledge, expertise and skills on a common platform and also to mark the contribution of the overseas Indian community to the development of India. The 11th edition of PBD convention was held at Hotel Le Me-ridien Kochi from January 7th to 9th , 2013. The summit has been organized by Federation of Indian Chamber of Commerce and Industry (FICCI) and Ministry of Oversea Indian Affairs (MOIA), Government of India along with Kerala Government. Mr.Oommen Chandy, Chief Minister of Kerala and Mr. Vayalar Ravi, Union Overseas Minister, officially inaugurated the Con-vention.

Day One of Pravasi Bharatiya Divas 2013 highlighted the con-cerns of Indian Diaspora in Gulf Countries. Ministry of Overseas Indians had invited all the 7 Indian ambassadors of the region to attend the session and were available first hand to address and hear out the issues from NRI’s.

“Indian diaspora abroad is estimated at 28 Million” said Minis-ter of State for External Affairs E. Ahamed. He said the emigra-tion from Kerala to the Middle East countries has come down

significantly and the reasons behind it must be studied. Ker-alites constituted as high as 80 percent of all emigration to the Middle East during the 1970s. This figure has come down to 55 percent” said Mr.Ahamed.

Bava Haji Pandalingal, President of the Indian Islamic Centre in Abu Dhabi was the only recipient of the Pravasi Bharatiya Sam-man (Awards) 2013 from UAE.

Mr. Pranab Mukherjee, President of India in his valedictory ad-dress asked the 25 million-strong Indian diaspora to invest in Indian companies and set up new ventures to become partners in achieving economic growth rate of above eight per cent. He also asked the NRIs to invest in India, as the stock market re-turns are high. Dr.Manmohan Singh, Prime Minister of India assured overseas Indians of all possible help and said they served as a bridge of friendship and cooperation between India and their adopted homes. The other organizing partner of the Summit for this year was In-do-Canada Chamber of Commerce (ICCC). Mr.Rajkeswur Purry-ag, the President of Mauritius was the chief guest at the official inaugural session. The key theme of this year’s event was to fo-cus in a big way on Indian workers in the Middle East. Over 2000 delegates from 40 countries attended the 11th summit.

Pravasi Bharatiya divasNRIDAy

January 2013 57

There is a saying, “when it rains, it pours.” Indian economy witnessed such outpour of reforms dur-ing September 2012. Ending months of political and policy paralysis, Congress Party-led federal government headed by Prime Minister, Dr. Manmohan Singh announced a slew of long-awaited bold reforms aimed at boost-ing investor sentiment and reviving a flagging economy. Mr. Palaniappan Chidambaram, Finance Minister of India, drove the reforms.Belying the criticism of failed architect of India’s re-form and unable to take tough political decision in the second term as Prime Minister, Mr. Singh, said with uncharacteristic candor that “The time has come for hard decisions and big bang reforms…If we have to go down, we have to go down fight-ing.” He further added, “We have much to do to protect the interests of this country and we must do it now.”These reforms were much needed and long over-due. India’s traditional way of promoting reforms through piecemeal efforts has failed number of times due to lack of political backing and consen-sus about the purpose. And time was running for the allowance of a steady procession of changes, each announced in turn, discussed, weighed for its merits, perhaps discussed in parliament and eventually accepted and implemented with care and precision.With growth now down to 5% from a peak of 10%, investors refusing to invest, grim fiscal position, weakening of rupee, government probably had no option but to go for a big push ignoring severe political backlash.As the global oil prices have soared, the subsidy bill has exploded, thus turning a bad fiscal situa-tion into a dreadful one. Through state-owned firms the government has long kept the price of diesel artificially low. Diesel accounts for about 40 percent of India’s fuel consumption and the state-owned fuel retailers lose Rs. 9.6 for every litre of Diesel sold. The diesel subsidy alone is costing nearly 2% of GDP per year. On September 13th, 2012 came the first announcement of reduction in subsidies on diesel and also on cooking gas cylin-ders. Diesel prices rose by 14%. On January 17th, 2013 government gave fuel retailers some leeway to raise the prices of diesel, raising speculations that the Diesel subsidy may be on way out. “We cannot abruptly put an end to the subsidy or the under-recovery. We have taken the decision to give oil companies the liberty to make small cor-rections” said Oil Minister Veerappa Moily.The increase in the price of diesel that Indian driv-ers (and those with generators) are now enduring will be politically difficult, but it is essential. Costly fuel subsidies only worked in favour of the better off, while the economy as a whole was hurt by fis-

cal problems.The policy measures include allowing foreign in-vestment of up to 51% in ‘multi-brand” retail (in-cluding groceries), a highly contentious issue that has, in the past, sparked nationwide protests. Once again the government tried pushing the idea that foreign supermarkets, like Wal-Mart, Carrefour should operate in India. The retail trade is thought to be worth about $450bn a year in India.However, Mr. Singh is leaving it to governments of individual states to decide what happens in their own territories. And only larger cities will have the supermarkets, at least to start with. In addition, the foreigners will be required to improve logistics chains and much more. The ruling government can establish this reform as benefiting Indian consumers, who have long suffered from high food inflation. Better logistics, competitive shops, foreign expertise and technol-ogy, all should in theory help to bring down food prices. Also the arrival of supermarkets is likely to help Indian farmers by cutting down long chain of inefficient middlemen responsible for wasting fresh foods. The result could be welcome: higher prices for farmers, and lower prices for consumers. Of course somebody will suffer in the process and those are middlemen and the small-time traders.There’s more. Restrictions on “single brand” for-eign investors, such as the Swedish furniture chain IKEA, and US brand Gap are being relaxed—for-eigners can now own such outlets outright, with-out needing local partners. Also the conditionality of sourcing materials from local markets will be eased too.The government has also opened the door to for-eign investment in local airlines of up to 49%, a move that’s expected to bring some relief to the country’s cash-strapped aviation sector.Other rules that have been eased relate to foreign investment in broadcasting services where the ownership limit has been increased from 49% to 75%. The government will also now let foreigners invest more in India’s power sector. Furthermore, the government proposal to divest minority holdings in four state-owned companies like Hindustan Copper, Oil India etc. is expected to raise close to US $3 billion from these stake sale.The cabinet approved the insurance amendment bill, which proposes raising the level of foreign in-vestment allowed in the insurance sector to 49%, from the current 26%.The cabinet also cleared up to 49% foreign invest-ment in pension companies - a sector so far closed to foreign investment. Earlier reports said invest-ments of up to 26% had been cleared. India’s in-surance and pension sectors are governed by acts of Parliament and Members of Parliament must approve the amendments.Mr. Chidambaram, also announced lowering of

the tax on foreign borrowings by Indian compa-nies from 20 per cent to 5 per cent and approved tax concessions for first-time small investors in the stock market, a decision he said was “to promote an ‘equity culture’ in India”.Indian financial markets rose strongly on the back of the reforms and an influx of foreign capital soon after the announcement pushed the benchmark Sensex index of leading shares to its highest level for more than a year. Also rupee closed the week at its highest level since May.The renewed commitment from Mr. Singh to eco-nomic reform has been effusively welcomed by foreign and domestic investors but has caused up-roar among the country’s political parties, with op-position of reforms both from right wing and left wing joining forces to attack the government. After widespread criticism, the government loos-ened the cap introduced in September on the number of subsidized cooking gas cylinders per-mitted to each household. January 17th the cap was raised to nine cylinders per year, up from six. That is expected to add Rs. 93 billion to the annual subsidy bill. A step backwards!What now has to be seen is whether the political backlash overwhelms the government and forces a reversal, as happened before. Let’s hope Mr. Singh gets support from his own party heavy weights as the reforms are long awaited, direction is right and intentions are noble. Even Mr. Singh said, “I promise that I will do everything necessary to put our country back on the path of high and inclusive growth, but I need your support.”The lesson in India, such as with its reforms of 1991, is that it takes an economic crisis to get poli-ticians to believe in those economic reforms and the pain of implementing them, is worthwhile. If that were so, there is no better time than now to push for these reforms.Apart from opposition backlash, the other impor-tant issue is how Reserve Bank of India (RBI) will factor in the impact of the reforms on growth and inflation while formulating its monetary policy. The government expects RBI to match its policy steps with those of the government and pressur-ing the central bank to cut interest rates.The central bank has raised its policy rate 13 times in the past three years, but has cut it only once--in April 2012. High local interest rates are seen as a major reason, along with global uncertainties, for India’s economic growth slowing to its weakest pace in nearly a decade. However, inflation, which is likely to accelerate because of the diesel-price increase, may still influence the RBI’s policy theme as the central bank considers 6% as the threshold for inflation, above which expectations of higher prices increase among consumers and companies, making it difficult to control inflation.

India’s economic reformsIn the right track and right time.

ECONOMICREfORMS

January 201358

In a mud house barely lit by the paraffin lamp, standing by the window overlooking the calm creek of Dubai, a young man of 19 years, dreamt of ‘building something great someday’. The prolonged journey of this ambitious young man started in 1960 with a meager amount of 9 dhirams in his pocket and continues till today as he touches one milestone after another.

The young man is none other than Mr. Vasudev Shroff and he has turned his dream into a reality with the enthralling success of Regal Traders - the premium textile corporation, running the no.1 spot in UAE for over 60 years now and the Regal Group of Companies with its diversified portfolio of investment, sports, technology, and satellite channel distribution. Vashudev Shroff, fondly known as Vashu Shroff is the founding chairman of Regal Group and the 18th most important Indian personality in the Gulf region.

“I followed the path of sincere dedication and earnest hard work. Honesty, philanthropy and compassion have always been my priorities,” says Mr. Shroff. The man has always put his principles to practice. His workplace situated in the bustling street of Mina Bazaar is significant of his achievements and prestige. Nevertheless, he comes across as a man with the heart of gold.

Mr. Vashu Shroff originally hails from the small town of Deolali, Nasik in India and studied in the army cantonment. He stepped on the Arabian shores in 1960 via the famous mode of marine transport (Daraship) in the olden days. However, his connection to the Gulf and textile began decades ago when his forefathersbased in Baluchistan, Makran, Pasnai, and Gwadhar sold raw wool in the Mandi (market place) and then exported the same to European nations.

He joined his two brothers in business after he came to Dubai on April 29th, 1960. “We had a small outlet in Deira back in those days, and life was so simple without the modern amenities of today,” he says, recalling his initial years with fondness and nostalgia. “There was hardly any infrastructure, no airport or electricity; leave alone barbers, tailors or carpenters. We drank

sea water. We had a refrigerator running on kerosene. It took us 12 hours to go to Abu Dhabi from Dubai and at most times we waited endlessly for the high tide for our Dhow to start,” he recollects the testing times of Dubai back in 1960s. 1971 saw the birth of UAE, followed by the development of other sectors such as roads and railway, hotel, airport and construction. This served as an impetus to the textile business. Mr. Shroff converted this development into an opportunity for Regal Traders. The company took agencies from Japanese companies and started joining exhibitions in the UK, France, and Germany buying authentic goods from there and selling them in the local market. Regal Traders has had a major share in bringing variety and versatility to the Arabic market.

The successful brand Regal Traders then channeled its resources into retail, wholesale and indenting gradually crossing the border of UAE and expanded to Qatar, Saudi Arabia and Kuwait. The company with a wide range of global clientele from different ethnicities will continue its expansion. There are over 16 outlets of Regal – The Fabric Gallery, spread in different Emirates with strength of 400 people employed with Regal Group.

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Ask him the secret behind the success of Regal Group from a simple beginning to a grandeur celebration and without a blink, he replies, “Hard work, team spirit, honesty, passion and integrity, if I may sum up are some of the attributes that made us what we are today. Above all you need to set a target, work towards it and then only you will be able to reach somewhere. I always advice this to my two sons that without target one cannot achieve much,”

The diversification from wholesale into myriad streams started with the entry of his sons, Raju and Vikram Shroff. In the past, 90% of their business was wholesale and only 10% was retail, but now it is 70 % of retail and only 30% is whole sale. The textile sector has been diversified and there are four different sectors of whole sale, retail, indenting and bespoke tailoring. Regal – The Fabric Gallery being the retail brand and Regal Stitch being the tailoring brand, both of which are the masterminds of Mr. Raju Shroff who joined the business in 1989 by launching Regal Tech. Regal Technologies, launched the first satellite TV distribution system in the Middle East. Mr. Raju Shroff is the Managing Director of Regal Group and Mr. Vikram Shroff is the director, under his supervision Regal International has managed to enter into the division for sports merchandise.

Regal was the first company to receive ‘The Dubai Shopping and Excellence Services Award’ in 2003 and continues to bag it every single year. It has also been honoured with the Ahlan! Masala magazine award in 2010.

Entrepreneurship came naturally to him as a family tradition, but Vashu Shroff is a philanthropist at heart. With passing age the active sportsman passionate about cricket, football, swimming and the likes, took up the active role of a social worker in the society.

Mr. Vasu Shroff believes he owes a lot to Dubai and UAE, he says, “I have immense respect for this country, I live here and it

has helped me grow”. He is the first honorary teacher of the Indian High School with ten students to start with in his house. He continues to remain a trustee and ex- chairman of the school along with being a trustee and an ex- chairman of India Club. He is also instrumental in setting up the temple in Mina Bazar and the committee member of Sindhi Gurudwara in Jebel Ali area along with setting up of a Hindu crematorium in Dubai. As a legal marriage officer, he has helped many to tie the knot and also helped solving as many as 3200 financial disputes. He is the committee member of Texmas Business Corporation.

“I am proud to say that I have been able to do something for the Indian community. But I wish to work for the society irrespective of nationalities, and religion,” says Mr. Vasu Shroff. For the development of his hometown, Deolali; he has set up a school for the physically challenged, an old age home, hospitals and a school for the unaided.

The hustle and bustle of the modern industrial sectors can leave you dazed. In his words, “Everyone runs in their daily lives, like it were a marathon. But I believe, when everybody runs you walk. After sometime when they get tired, you start running, thus you will reach your target faster than them.” In other words, take a pause, get a grip of the on goings in the world around you and then launch yourself to soar higher than anybody else.

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The going was comparatively smooth and peaceful for the last couple of years with both India and Pakistan showing initiatives to remain as peaceful neighbors and burry yearlong hatchets for the mutual benefit of both the countries.Dialogues were on and few positive steps have been taken to ease the perennial tension between the two.A new effort to revive the dialogue process has been initiated by India and Pakistan in 2011. This has brought an end to the suspension of the dialogue by India after the tragic terrorist attacks in Mumbai on No-vember 26, 2008. The roots of the latest revival of the dialogue go back to the 16th SAARC Summit Conference held at Thimphu in April 2010 where the Prime Ministers of India and Pakistan met on the sidelines of the Summit Conference on April 29, 2010 and agreed to revive the dialogue “without any preconditions.”Over the course of 2011 and much of 2012, confidence-building mea-sures ensued and mutual goodwill proliferated. There were high-level meetings, civil society and business exchanges, and a milestone visa agreement. Most significantly, in March 2012, Pakistan decided to move closer to extend Most Favoured Nation (MFN) status to India, 15 years after New Delhi granted it to Islamabad, by switching over to a system of ‘Negative list’. This will restrict the import of around 1,200 items from India, compared to the earlier regime where only 1,900 products were permitted to be shipped across the border. The December 31 deadline to grant full MFN status to India was missed. A top Pakistani parliamentary panel has expressed reservations about the government’s move to grant the MFN-status to India, with some of its members claiming that the measure would “destroy” the domestic agriculture sector.Since 2011, the bilateral relationship weathered several incidents that years ago may have triggered war, but that did not happen and rela-tions were seemingly unaffected.The milestone new visa agreement was signed on September 8, 2012 easing restrictions for travelers in what was seen as a step toward warming relations between the rival nations after years of heightened mistrust and hostility. The visa requirements have been strict in the past because of suspicions on each side.Mr. S. M. Krishna, the Minister for External Affairs India, and Rehman Malik, the Interior Minister of Pakistan, in Islamabad, signed the agree-ment. Mr. Sushil kumar Shinde, Home Minister of India and Mr. A. Reh-man Malik, jointly operationalized the new Visa Agreement between India and Pakistan on 14th December 2012 at New Delhi. However, the Visa-on-Arrival was supposed to come into effect from 15th January 2013 and the Group Tourist Visa from 15th March 2013. Among other changes, the agreement will exempt travelers over 65, children under 12 and businessmen from reporting to the police dur-ing their travels. Other salient feature of the new visa agreements are places allowed to visit have increased from three to five. New provi-sions have been made for visit visa up to 2 years for travelers over 65 years, national of one country marrying other national and children below 12 accompanying parents. Entry and exit is now possible from different designated Immigration Check Posts. The scheme was put on hold as, unlike India, Pakistan was demanding too many documents from Indian applicants.Relations between the two countries have improved in recent months and trade has been increasing. Bilateral trade between the two coun-

tries was only $300 million in 2004, but increased nine fold to $2.7 billion in 2011. In 2011-12, the bilateral trade stood at USD 1.9 billion. India’s export to Pakistan in the last fiscal declined by 25 per cent to USD 1.5 billion, however, imports from Pakistan grew by 48 per cent to USD 400 million. Assocham expects the bilateral trade between India and Pakistan to decline by 20 per cent in 2012-13 due to the ongoing tensions at the Line of Control.The visa changes should ideally be a new chapter between the two countries and are meant to build on that by increasing contacts be-tween Indians and Pakistanis in the hopes of instilling more trust. This would ensure that the opportunities for increasing interaction partic-ularly amongst people. While the Indo Pakistan dialogues have con-siderably expanded and a number of avenues particularly trade have opened up, there are concerns that these have not moved forward in actually generating greater volume of trade and benefiting the econo-mies of the two countries.A very strict visa regime has been identified as one of the key factors that have deterred actualization of this relationship as there are practi-cal difficulties being faced by business people in particular in traveling to India. Now that the liberalized visa regime will be put into place it is anticipated that this will remove the road blocks to practical forward movement in the process of expansion of a close and developing rela-tionship between the two countries. However, let’s not forget that some previous agreements to improve relations, have stumbled in being carried out.Apart from Visa agreement and dialogue in the political level, there are baby steps taken by different organizations as peace initiatives. During January 2010 a unique peace initiative called Aman Ki Asha was launched jointly by the Times of India (TOI) group of India and Jang group of Pakistan with the objective to create an enabling environment to facilitate, encourage people-to-people contacts and thus contribute to bringing about peace between India and Pakistan.The idea was conceived by the Jang Group, which approached TOI as a natural ally. Both media groups agreed that the source of many of the problems confronting both countries lay in the long-standing disputes with each other. As part of the initiative, there are different events be-ing organized round the year like SurKshetra which is a singing talent show or musical battle between teams of two neighboring countries aired simultaneously on Geo TV, Sahara One, Colors TV, AAG TV as well as Rishtey. And the Samjhauta (which means accord or compromise) Express, started in 1976 between Delhi and Lahore is still running despite few disruptions in between for security reasons and with number of modi-fications agreed upon between Indian Railways and Pakistan Railways.Despite, best intention of both the countries, the most volatile issue,

Indo-Pak RelationshipAnxiety overshadows optimism

“TESTINg”TIMES

On behalf of all its members, IBPC Dubai conveys its deepest condolences to the bereaved families and our prayers go out to the loved ones at this time of grief and loss. May the Almighty provide peace to the departed souls and strength to the families to bear the tragic loss. The friendliness and company of Mr. Ramesh Lakhiani and Mr. Hatim Nomanbhai Mamajiwala will always be missed by the whole community and the void will be impossible to fill.

Indian Business & Professional Council, DubaiRegretfully announces the sad demise of our respected members,

Mr. Hatim Nomanbhai MamajiwalaManaging Director

Crystal Arc Factory LLC

Mr. Ramesh Lakhiani.Managing Director

Ramesh & Associates

Kashmir, remains at the center of discord between the countries and shows no signs of resolution. Officials say they are continuing their discussions over the disputed Himalayan territory, which has led to wars in the past.For its part, Pakistan wants India to move quickly on disputed territories beyond Kashmir, including the Siachen Glacier. Pakistan also is pressing for India to remove nontariff barriers to trade.In the midst of continuous tensions, Pakistani politicians and Indian officials said that a step-by-step approach to repair ties was essential and all was going well.But the recent spate of violence in the Line of Control (LoC) has brought back an untimely cloud in the erstwhile clear sky, signaling long-term truce might be a distant dream despite best intentions of both the countries. Couple of weeks before, a Pakistani soldier was shot to death along the LoC. Two days later, two Indian troops were killed—and according to media reports, one of them was beheaded. While India has not taken it kindly with New Delhi condemning the act strongly, Pakistan, meanwhile, denied that its troops killed Indian soldiers.Experts say it should be analyzed as to why Pakistan army has done something that is unprecedented at this juncture when different initiatives were in progress to honour each country’s stand in a respectful and understandable manner.These two border clashes occurred just weeks after several additional setbacks to the warming trend in India-Pakistan relations. In order to consummate the MFN agreement, Pakistan was supposed to phase out its negative list – goods that cannot be exported to India – by the end of 2012. This still has not taken place and may take several more months to materialize, according to media reports.Additionally, in recent weeks India has become alarmed by Pakistan’s

growing prominence in the Afghanistan endgame negotiations. However, despite the sneak-attack from across the LoC, New Delhi is working overtime to keep the peace process alive. Indian officials said efforts were on to defuse the tension, with director generals of military operations (DGMOs) and divisional commanders of both the countries were in constant touch to sort out the differences.Indian foreign minister Salman Khurshid said recently “We cannot and must not allow the escalation of any unwholesome event like this…. We have to be careful that forces attempting to derail all the good work are not successful.”Positive statements about peace, however, are emanating from Pakistan also, with Foreign Minister, Ms Hina Rabbani Khar saying in Islamabad: “Both the countries will show their commitment to correct (the situation).”However, the strain in the ties is palpable. The optimism of the last two years has metamorphosed into anxiety, anger and frustration. There are stains of doubt by India about Pakistan’s “desire” for bilateral ties.Does it mean that there is no hope for the future? May be not. Mr. Michael Kugelman, senior programme associate for South Asia at the Woodrow Wilson International Centre for Scholars in Washington, DC sums up it quite poignantly. “India and Pakistan resemble two awkward dance partners. After they manage to take one halting step forward, they invariably stumble two steps backward.”“Will the bilateral relationship rebound from the discouraging events of recent days? Quite possibly, given the strong reservoir of goodwill accumulated over the last two years. Yet if history is any guide, we should temper our optimism and expect any exhilarating highs to eventually succumb to more lows—before the cycle begins anew,” he further adds.

GujaRaT The wonderland!

Aavo Padharo, a word of welcome from the land of legends called Gujarat. Legends from ancient history, recent past and modern days, all hail from this state of splendor, wonder, grandeur, velour and harbor.

Gujarat is one of the most diverse states in India. Its history stretches over a long years from the age old Harappan Civilization to the Mughal period. Gujarat’s endless journey from roots to wings is timeless with historical and cultural traditions glorifying the state.Bordered by Pakistan and Rajasthan in the north east, Madhya Pradesh in the east, and Maharashtra and the Union territories of Diu, Daman, Dadra and Nagar Haveli in the south and the Arabian Sea to the west and the south west, the state took it’s name from the Gujjars, who ruled the area during the 700’s and 800’s. It is a state with footsteps of Maurya Emperor, Ashoka and Mughol Emperor, Akbar and the Solanki kings. There was a prolonged period of Muslim rule with Ahmed 1, the first independent Muslim ruler of Gujarat founding Ahmedabad in 1411. More towards modern days, before the first footsteps of East India Company in Surat in 1818, the Dutch, French and the Portuguese also had bases along the coasts during 1600. It is also the birthplace of freedom fighters like Mahatma Gandhi, Sardar Vallabhbhai Patel to scientists like Vikram Sarabhai, Homi Jahangir Bhaba and industrialists like Jamshedji Tata and Dhirubhai Ambani.Call it a place of Tourism or heroism, architectureor culture, handicraft or Machine craft, natural splendors or manmade wonders, Gujarat has everything to offer.

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Gujarat as tourist destination:Here in Gujarat one will discover centuries of history as spanning the geological core of the earth onto a fascinatingly vibrant future. Gujarat is unique in its geological and topographical landscape. From volcanic outpourings through bedrock to fossil fields of indigenous dinosaurs; from the art of the Neolithic cave painter to the stone masterpieces of a series of civilized architecture. Gujarat has it all.Ancient cave paintings to historic murals, natural and man made caves. Art, history, music, culture, all dovetail within each other to form a wondrous matrix that is the cultural exuberance of the people of the state.To give importance to tourism and specify areas by the subject of tourist interest and for the convenience of tourists vising Gujarat Eight tourism hubs have been created, which are Ahmedabad Metro, Ahmedabad Rural (North Gujarat), Surat (South Gujarat), Vadodara (Central Gujarat), Rajkot, Junagadh & Jamnagar (Saurashtra) and Bhuj (Kutch), for convenience of tourists visiting Gujarat. Because of government initiative and splendid infrastructure, the total flow of tourist during the year 2011-12 was 22 million, up from 19 million in 2010-11, according to official estimate. This is double the national average of the country.The cultural mix enhanced with over 4500 years of history has endowed Gujarat with some of the greatest historical and archaeological monuments. While Lothal offers an unparalleled insight into the Harappan civilization, Ahmedabad has specimens of Indo-Sarcenic architecture, Palitana has a profusion of temples in the Jain style, Junagadh displays Buddhist

caves and Rajput architecture appears all over different parts of Gujarat. A major tourist destination of immense potential, its historical monuments represent the great religions of Asia – Hindu, Buddhism, Jain, Islam, Parsi and Sikh.Divided in two - the old city and the new city, Ahmedabad the largest city of Gujarat offers different moods right from the hustle-bustle of C.G. Road in the heart of Ahmedabad to the quite retreat of the Sabarmati Ashram. Ahmedabad enjoys a thriving cultural tradition, being the centre of Gujarati cultural activities and diverse traditions of different ethnic and religious communities.Surat has numerous religious sites, Sardar Patel museum, lovely beaches, a vibrant textile market and the famous diamond industry. Vadodara is famous for Buddhist footprints in India at Kadia Dungar caves. Besides there too it is a mix of palaces, museums, etc. Same for Rajkot, a confluence of religious sites like Khambhalida, Virpur, Tankara, and wild life sanctuary of Rampara.Junagarh is famous for Ashok edicts, number of wildlife sanctuaries, Buddhist’s cave and beautiful beaches. In Junagarh district is situated the famous Gir national forest, known for lion’s habitat. Also there is the famous Somnath temple, sun temple, masjids and in Porebandar, bird sanctuary and wildlife sanctuary.Jamnagar is another interesting hub with temples, sanctuaries, chandni bazar, solarium, bird and wild life sanctuary. We all know about the run of Kutch but there are more interesting places. Dholavira has an ancient signboard stadium. Bhuj has Hamirsar Lake, Aina Mahal, Prag Mahal, and Sharad Baug palace. Etc.

Religious places: Since ancient times, Gujarat is noted for its temples. The temple of Somnath dedicated to Shiva is the first among the 12 Jyotirlings in India. Somnath, an eternal shrine, is believed to be built during Mahabharata times. Also known as Someshwar Mahadev, it is the seventh temple built to commemorate the glory of Lord Somnath known as Bhaireshvar

in the Satva yug, shravanikeshwar in the Treta Yug and Shrigaleshwar in Dwapar Yug.Hilltop shrines like Ambaji, Palitana, Girnar and Pavagadh are similarly prominent in legend and historical - should be are historical. Palitana is a hilltop place of pilgrimage for Jains. 863 temples of all sizes crowd the hill, which has to be paced on foot. Stone and marble spires with their rich detail of carving make for Palitana’s architectural splendor.Forts and palaces: The forts and palaces in Gujarat have an impressive architectural monuments and the historical background. Hindu, Islamic and European architecture is the grace of the ancient forts in Gujarat. The forts and monuments speak of the

grandeurs of Gujarat as they exhibit the historical, cultural and traditional artifact. The famous ‘Bhadra Fort’ in Ahmedabad is a symbol of historical significance and belongs to medieval era. Built by Sultan Ahmed Shah in 1411. Of the famous forts in Gujarat are Lakhota Fort, Jamnagar, Bhujiha hills Fort, Bhuj, Pavagarh Fort near Panchmahal District, Baroda, Uparkot Fort, Junagarh etc.While tourism is one aspect of the state’s story of success, the others talk about its infrastructural smoothness, conducive policy framework, rapid industrial growth and hence overall impressive economic progress. Industrial epicenter of India:Gujarat has witnessed winds of change under the leadership of Narendra Modi, the Chief Minister who believes that “Future of India belongs to Gujarat.” With the inherent strength and immense potential, Gujarat is destined to bring glory to the nation today and in future too.If one asks why Gujarat as a business and investment destination, remarks by some the influential international figures can sum up the case for the vibrant state.“Gujarat’s outstanding infrastructure coupled with its best industrial polices make it the most desirable investment destinations in India, “ says Heizo Takenaka, Former Minister, Japan. Ron Somers, president, US-India business Council is of the opinion that, “ Effective governance and administration, business friendly policies, superior core knowledge infrastructure and an entrepreneurial culture combine to make Gujarat the premier business destination of India.”It’s strategic location, abundant

natural resources, large pull of skilled manpower, land bank availability of industrial use, robust physical, social and industrial infrastructure, pro-active governance, transparent business friendly policies are to be lauded as the prime movers of making Gujarat an attractive investment destination, national as well as international and at the same time the most advanced industrial state in India.With only 5% of India’s population, Gujarat has 16% of its industrial production. It is a state abundant with natural and economic resources, motivation, solid infrastructure, business orientation and acumen with the people. It has the longest coastline in India spanning 1600 km with number of ports of around 42. It has 17 airports, 60 special economic zones (SEZs), 198 industrial estates and an integrated statewide Gas grid of 2400 km. Gujarat is way ahead of other states in India. The blueprint for infrastructure in Gujarat: BIG 2020 envisaged an absolutely futuristic vision for development. The new vision comprises investments of approximately USD 225 billion in various sectors like Dholera Special Investment Region (DSIR), other industrial nodes, logistic parks & SEZs within Delhi-Mumbai industrial corridor, industrial parks, roads, ports, railways, airport, urban

infrastructure, water supply and tourism. Some of the landmark developments planned is Petroleum, chemicals and petrochemical investment region (PCPIR), Gujarat International Finance Tec-City (GIFT), metro-link express for Gandhinagar & Ahmedabad (MEGA) etc.

Table 2: Gujarat’s contribution to India’s manufacturing sector:

Mineral production: 10%Textile: 31%Pharmaceuticals: 35%Chemicals: 51%Onshore crude oil: 53%Petro chemicals: 62%Petro chemicals: 62%Plastic industry: 65%Salt production: 78%Diamond processing: 80%Soda ash: 98%

Table 1: Strong fundamentals:The state ranks 2nd as per economic freedom of the states of India 2011State’s contribution to India’s overall exports: 25%State’s contribution towards total port cargo handling ( 2011-12): 37%Double Digit growth rate with gross state domestic product of $ 75 billion (2011-11) growing at a 5 year average of: 10%

Growth of agricultural output in the state over last 10 years: 11%Gross state domestic product contribution from manufacturing sector: 28%Gujarat’s degree of openness (ratio of exports from state to gross state domestic product): 53%A state with high and growing literacy rate: 79%State with highest share of investments under implemented projects in India: 26%.

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Thus Spake the PresidentHow do you describe your journey from those days till today?We moved to Dubai in 1991, at a tough time when a large number of people were fleeing the region due to Kuwait Iraq war. The choice for me and my family when we left Iran was to either go back to India or move to West. We were not very keen on the latter choice and Dubai appeared very promising with its eclectic environment and the far-reaching vision of its rulers Dubai was an easy choice as it offered the best of both the worlds.

Could you kindly share your experience and journey as a Proficient Medical Practitioner and entrepreneur?Soon after post-graduation, I joined state health services in Rajasthan. December 1984 - pursuit for greener pastures heralded my stay in Iran. Moving to Iran was the turning point in my life. I cherish each day spent in Iran. Working at SAM hospital in West Azerbaijan was a great experience. The place offered me many opportunities and helped me grow professionally. I was heading the Internal Medicine department and was responsible for two units along with an ICU and an Endoscopy unit. In Dubai, I started Anubhar Medical Centre with a single specialty in 1991 and shortly thereafter appointed a Psychologist. Later, I added the Dental department. We are on the direct billing panel of all major health insurance companies.

Rock solid on Medical ethics and upholding ValuesUnethical medical practice disappoints me. A few bad fish give a bad name to an entire, noble profession. We, medical professionals need to remember our responsibility to the mankind and always be ethical in our approach while practicing medicine. We need to be thoroughly professional in the best sense of the word. Dealing with human beings, one has to be extra-cautious.

Growing with UAE.........would you like to comment on the prevalent disease scenario?The modern day diseases are basically lifestyle problems. Malnutrition is a major issue in UAE. Physical inactivity, coupled with late night dinners and fast food leads to excess weight with ‘Muffin-top tummies’. End result is Diabetes, high blood pressure and heart disease.Vitamin D deficiency is endemic to this area. Sun, the natural source of vitamin-D is too harsh in this part of the world. Result is aches, pains, early fatigability, weak bones, and early arthritis.Meat of farm animals laced with hormones is the root cause of increasing incidence of polycystic ovarian disease, infertility and excessive body hair. Result is proliferation of the laser hair removal centres.Other than these nutrition related conditions, a very common, lifestyle related, ailment here is what I call, ‘Carpet – AC syndrome’ presenting as Sinusitis.

What are your future plans?Among my plans is to create a home for senior citizens and a prayer hall where anyone belonging to any religion and community can come, pray and find solace & peace.

Would you like to share your secret of success and your more than 30 years of experience in India, Iran and UAE?‘Do it yourself’. While making decisions, I trust myself the most. High index of suspiciousness while managing patients minimizes chances of missing the diagnosis.

You have witnessed the growth story of Dubai. Can you please share some of your unique experiences, as you witnessed the country becoming, a land of opportunities.Hopes of millions along with vision of the rulers empower Dubai. The world’s fastest growing city, home to world’s tallest tower, Burj Khalifa, has transformed from a quiet Arabian fishing port of 1970s into a global hub of trade and finance in just a couple of decades that we have been here. The ‘never say die’ spirit even in the face of worst adversities defines Dubai. Dubai simply grows! Every morning there is something new. So much so, that the Google maps find it difficult to be up to the mark.

Visionary rulers, business friendly policies, world class infrastructure and strategic geographic location make Dubai the best place to live as well do business. Being at the cross roads of east & west and being served by Emirates - the best & fastest growing airline, Dubai is either transit point or destination for everyone. Holidaying, shopping, healthcare, education, conferences and congresses all attract millions to Dubai.

Where is Dubai’s economy headed for?For Dubai’s economy 2012 has been a year of recovery. Non-oil foreign trade has increased by 12% and Tourists have increased by 10%. FDIs are in upswing. GDP is projected to be around 4.6% this year. End of 2013 will mark yet another turning point for Dubai’s economy. Dubai, certainly, will win the bid to host Expo 2020, which will metamorphose the economy of entire region. UAE real GDP is expected to steadily increase during the next 5 years, surpassing the average world real GDP growth. UAE and India are trading partners since antiquity. Thousands of years deep roots give strength to our relationship. India’s trade with UAE exceeds our trade with United States.

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last December. Each one of our activities was a tall success. We are contemplating to soon introduce a whole new concept of ‘Business at Breakfast’ meetings. We still have more in store.

Please comment on your experiences and achievements during term as President of IBPC.IBPC, Dubai works under the auspices of Dubai Chamber of Commerce and Industry (DCCI). We are the largest Business council in Dubai. During the past two years almost two hundred new members have joined IBPC, Dubai. It is more vibrant and more visible now. The average age is younger and we have increasing number of ladies joining in. There have been over 75 very meaningful, time-appropriate, quality events with interests of all members in mind. In the 10th year of IBPC we had an event every 10 days and have had 10 FIRSTS. We introduced sports (Cricket & Golf) as platform for business networking; IBPC has won all the rounds of Ambassador’s cup Golf. Old tradition of felicitating our seniors at the Republic day celebration every year was revived; History was made when for the first time IBPC President and Secretary General went on air on the radio show at Suno 102.4 FM to generate awareness about IBPC; we had an interactive session with MBA students from the Indian Institute of Foreign Trade (IIFT) to give them a feel of business, trade and services; first ever post budget analysis on IBPC platform was telecast over the Time Now & ET Now channels; ProBiz has been given a new business format; first time a full four color member’s directory along with a soft copy on CD was published; another first - Membership card were given to members; Each Member receives a membership kit including a crystal cube with IBPC logo and the member’ name engraved, ‘Business After Hours’, introduced as a regular calendar event has been a hit with all members. Last but not the least was the Costa Atlantica cruise

What do you think about socio-political conditions in today’s India?India is too young and has to go miles. Intellectual class of India has deserted India. Education is the key to most of the ills afflicting the Indian system. Governance will be at its best, when an equally educated politician interacts with the well-educated bureaucrat to chalk out policies and the means to implement them. Education, and not mere literacy, will not only allow a common man to choose the right representatives but will culture him and teach him to respect fellow human beings, irrespective of caste creed and gender. Our social scientists have to work hard change the mindset of our youth. We have to prevent them from becoming criminals rather than catching them after they have committed crimes. Un-employment breeds criminality. On one hand, we should focus on creating more jobs and on other hand, we can work on making our youth employment –worthy by imparting right kind of skills and education. Such a change cannot happen overnight. Till then we need to have effective law enforcement as a deterrent to crimes against humanity. Police has to be more effective. Again, police also needs change of attitude. Last Police reforms were done in nineteenth century. Legal system has to be overhauled. It has to be pro-active as well as more responsive. We probably need an additional army of legal experts to accelerate solving the over 32 million cases pending.

Where in your opinion is the Indian economy heading?India’s economic growth hit a record low in 2012 with sub-six GDP. The fall in economic growth in 2012 isn’t just a statistical phenomenon. The cumulative impact of macroeconomic weaknesses is creeping into the lives of almost every Indian. Costs of hospital care and medication, education, entertainment, travel are on an upward spiral. Inflation remains high, eroding the standards of living of the middle class. High inflation, with high interest rates has made car loans and home loans unaffordable. This has led to sharp decline in consumption, a key driver of the economy.

However, the silver-lining for 2012 was, end of policy paralysis and a return to the reforms process. The Indian government, which had up until recently embraced a rather obstructionist stance, has come out of inaction during the last quarter of 2012. It has liberalized foreign investment restrictions. It has pushed through the bill for foreign investment in multi-brand retail. It has reduced subsidy on Diesel and also allowed the retailers to gradually raise the prices further, probably heading towards zero subsidy. This will help reduce the fiscal deficit. If India could sort out the problem of environment clearances for industry, ensure that thermal power stations receive adequate supplies of coal to keep India powered up, legislate on a land acquisition bill to ease what has become a big bottleneck for industrial investment, the Indian economy may return to the heady growth rates of yester-years.Though in FY13 India may end with a sub-six, decadal low GDP growth rate, yet it has one of the highest growth rates in the world. Not to forget, it is a global slowdown. Americas and Europe are yet to recover.US intelligence community in its report called “Global Trends 2030: Alternative Worlds” which was released on 10 December 2012 declared that India would straddle international commerce and will also dominate the economy of the whole world by 2030. Asia (mainly India) would return back to its position of being the powerhouse of the world, like it was before 1500. This would happen with decelerating Chinese economy as well as declining West.

Even at this stage you are as active as your children. Your secret of eternal youth…I believe blessings and good wishes of friends and well-wishers make me the chosen one. Trust ‘Him’, never fret and clarity of purpose and conviction about the end result of what I am doing, make me go on. I do not contemplate retirement as usually understood. It is a wrong concept. ‘Use it or lose it’ – like any other part of our body, this dictum is also true for our brain. So you have to keep using it. I don’t think one should retire at all. You can change your area of activity and do something more profitable for society.

Anything which you would like to add...............................Though Dubai has been my second home for over two decades, yet while staying abroad, me and my family are committed to uphold the traditional Indian values. India is a country with an illustrious past and with all-encompassing values and heritage one can surely be proud of.

January 201368

AFRICA INDIAN INVESTORS LEGAL OUTLOOK FOR SENEGAL & SIERRA LEONE

For Indian Investors’ Protection In

W

ho said that Africa is unsafe for foreign investors? Today Africa is calling for “trade

and not aid”. with the increasing democratic governance and stability in the region as well as the sheer opportunity presented by the huge population of over billion of people, countries such as Senegal, Sierra Leone, and Ghana in the West Africa region have already tailored the huge unhar-nessed investment opportunities to fit the requirement of foreign investments: Codes of investment revised and allow

investors to repatriate funds to the percentatum of 100.

Investors are free to buy properties, own and transfer to their ease without sponsor or further government protocol.

One-stop-shop created to facilitate and speed up the incorporation of companies and issuance of certificates within one week.

Protection of government as to foreign investment.

In Senegal the government signed a “protocole d’accord” with India on a cyber-village technology.

In Sierra Leone rehabilitation of Magbass Sugar plantation and factory by a Chinese company contributed towards the economy in the

expansion of related businesses; such as international trade, transportation and port.

So, how to move for investment in Senegal and Sierra Leone?

First Step is professional legal evaluation and advice. Evaluate your plans from all the necessary angles; know the details for your industry.

Second Step Get the advice of experienced firms with expertise on Senegal and Sierra Leone investment policies, and you will also need to understand the below points in detail:

Procedures for Incorporation of the business, How to prepare the memorandum of

associations in accordance with the country laws,

How to secure representation in front of government departments,

What are the best practices in lobbying with government officials on behalf of your projects for your best interest.

In brief the African governments are setting the infrastructure to best cater to the foreign investors’ needs, but it remains to be the investors’ responsibility to understand how to utilize the proper legal channels officially set to connect between Africa and the world.

Author: Mrs. Fatou Mbaye esq. Partner Africa Division, at PANICKER PARTNERS Advocates and Legal Consultants. To contact email: [email protected] or call: +971-4-4221944 ext.(406)

Mrs. Fatou Mbaye esq.

“HAPPY REPUBLIC DAY WISHES TO

INDIANS ALL OVER THE WORLD.

lEgallySpEAkINg

January 2013 69

Forthcoming Events From India

NEwSSNIppETS

1 February 15-17, 2013 - 20th edition of International Engineering and Technology Fair (IETF) being organized by Confederation of Indian Industry (CII) at Pragati Maidan, New Delhi. For details and registration, please visit www.ietfindia.in or

contact :

Confederation of Indian Industry, Plot No 249 F, Sector 18,

Udyog Vihar, Phase IV, Gurgaon – 122015, Haryana, India. Tel :

91- 124 4014060-67, Fax : 91- 124 4014080, Email : j.shankar@

cii.in

2 February 22-25, 2013 - Signature-Mumbai 2013 - 6th Edition of IIJS Signature 2013 organized by Gem & Jewellery Export Promotion Council, India at Bombay Convention & Exhibition Centre (NSE Complex),

Mumbai, India. For details and registration, please visit www.

iijs-signature.org

3 March 1st to 4th 2013 - The 25th India Carpet Expo organized by Carpet Export Promotion Council at Pragati Maidan, New Delhi(India).For details and

registration, please visit www.indiancarpets.com or contact :

Carpet Export Promotion Council, Niryat Bhawan, 3rd Floor,

Rao Tula Ram Marg, Opp. Army R.R. Hospital, New Delhi – 110

057, India. Tel: 0091 11 26153466/ 26153467/ 416532234, Fax

: 0091 11 26153465,

Email: [email protected];[email protected]

4 March 12-15, 2013 - “Frames 2013”– Annual

global Convention on the entire gamut of media &

entertainment (M&E) - Films, TV, radio, digital, animation,

gaming, visual effects, etc. organized by Federation of Indian Chamber of Commerce & Industry (FICCI) at Mumbai For details and registration: www.ficci.com

or http://203.200.89.92/demosites/frames/index.htm or

contact:

Mr. Anirban Chatterjee, [email protected],91-11-

23766929 (D), 91-11-23738760-70 Extn. 386

5 March 14-16, 2013 - 2nd India Engineering Sourcing Show organized by Ministry of Commerce, Government of India along with EEPC India at Mumbai.For details and registration, please visit www.iesshow.in

For Hosted buyer program/ Delegations apply to http://www.

iesshow.in/SponsorDelegate.aspx

Approved delegates may be eligible for complimentary 2

Nights Hotel Stay during the event.

Registration fees US$ 150/- per delegate.

6 April 24 – 26, 2013 - iPHEX 2013 (Indian Pharmaceuticals and Healthcare Expo), 1st edition organized by Pharmaceuticals Export Promotion Council of India (PHARMEXCIL) with the support of Ministry of Commerce, Government of India, of in Mumbai. Show Brochure http://www.iphex-india.com/downloads/

iphex-brochure.pdf

Show Fact Sheet http://www.iphex-india.com/downloads/

factsheet-artwork.pdf

Hosted Buyer Application Form http://www.iphex-india.com/

downloads/hosted-buyer-form.pdf

Booth Booking http://www.iphex-india.com/stall_reservation.

php

For details and registration, please visit the website www.

iphex-india.com or contact:

Abhay Kumar Sinha, Regional Director,PHARMEXCIL, 305,

Padma Towers –II, 22, Rajendra Place, New Delhi – 110008,

INDIA, Tel: 91 11 45062550 Fax: 91 11 41536658, Mobile: 91

9582758812

E-mail: [email protected] / [email protected]

Hosted Buyer: Some select importers based on their company

profile and top drug regulators may be provided to and fro

economy class airfare (part / full) and hospitality.

January 201370

NEwMEMBERS

Mr. Ravi Mohan General Manager(Projects)Al Basti & Muktha LLC

Mr. Shaileshkumar Kantilal JasaniFinance ControllerGLG Contracting LLC

Mr. Sachar Harjeet SinghManaging DirectorPal-International Foodstuff LLC

Mr. Sailesh Kumar JataniaCEODheeraj & East Coast LLC

Mr. Sajith KumarParakkadathu KoyickalDirector & CEOJRG International & IBMC Group

Mrs. Kiran PanjabiDirectorCountry Sweets Trading

Mr. Jayesh Kumar Ravindranath CEOCMIE-Centre for Monitoring Indian Economy

Mr. Ravi Pincha CEO ISS Middle East FZC

Mr. Saurabh Mehta Manager & Partner

Indus Trading Co.LLC

Ms. Jumana NomanSnr.Consultant

Talent Partners

Mr. Jasjit Singh JaajDirector

Bhatia Brothers Group

Mr. Rajesh Navinchandra Gosalia

CEOBait Al Arab

Mr. Sajiv Kumar GuptaManaging Director

Metmaster Commercial LLC

Mr. Nishith Patel Partner

Purvi Enterprises (LLC)

Mr. Rakesh ChopraSr. Business Development Manager

AXA Insurance (Gulf)

Mr. Justin JacobManaging Director

Connect World Travel & Tourism

Mr. Vishwa MohanVice President Middle East & AfricaWizcraft InternationalEntertainment Ltd

Mr. VishalSharmaHead of Projects

Dheeraj & East Coast LLC

Mr. Kunal Rajesh GosaliaManagerBait Al Arab

Mr.Kapil Ashok DasaniRegional Director

Bhaskar Devji Jewellers LLC

IBPC WELCOMES ITS NEW MEMBERS

January 2013 71

Mr. Zahir HassanThacharackal Managing DirectorPower Print LLC

Mr. Bankim Prasankumar Mehta Managing DirectorBanhem2 Caps Management Consultancy JLT

Mr. Gaurav Mehta DirectorSpectrum General Trading

Mr. Deepak JainHead of Strategic ConsultingJones Lang Lasalle

Mr. Dhananjay Madhavrao DatarChairman & Managing DirectorAl Adil Trading Co.LLC

Mr. Neville D’souzaDirectorTrimex Group

Mr. Alexander JohnRegional Director-Business

DevelopmentMCI Middle East LLC

Mr. Narayan Chand Kumbhat

Managing DirectorExcel Global FZE

Dr. Sanjay Yadunath Parashar

Plastic Surgeon & DirectorCocoon Centre for Aesthetic

Transformation

Ms. Bindu Suresh Chettur

Legal AdvisorMohammed Salman Advocates &

Legal Consultants

Mr. Sidharth MehtaDirector-Audit

KPMG

Mr. Diwakar AgarwalLegal DirectorDLA Piper Middle East LLP

Mr. Varuvel George Jenner

DirectorTea board of India

Mr. Ambuj KhareVice President-International OperationsMIRC Electronics Limited

Mr. Arup GanguliHead-Large Corporates &

Global bankingEmirates NBD

Mr. Rajneesh Shanker Mathur

Managing DirectorBravia International General

Trading

Mr. Rajesh Agarwal Executive DirectorRKG international

Mr. Kanwaljit SinghManaging DirectorMulti Technologies FZE

Dr.Anup Ayyappan PananghatChief Operating OfficerJBC Express Freight LLC

Mr. Bakir Taher DaudPartner

Mehta Hardware LLC

Mr. Hakim AneesGeneral ManagerFanar Al Khaleej

NEwMEMBERS

Mr. Devesh Shanker Mathur

Divisional managerBravia International General

Trading

Mr. Dinesh Chandra KothariManaging DirectorDelhi Private School

January 2013 73

Probiz January 2013 issue

Documents

Transcript of Probiz January 2013 issue