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0 INDIA NEWSLETTER March 2017 H.E. Ambassador at the KONSEK 2017, Zlatibor INDEX: India Economic News pg 1 Government of India Tenders pg 7 Bilateral Relations pg 7 Forthcoming Events pg 10 Trade Fairs in India pg 11 Useful Links pg 12 Embassy of India Djordja Radojlovica 7a Belgrade, 11040 (Serbia) Tel: 00381-11/2666-520 Fax:00381-11/3674-209 E-mail: [email protected] Web: www.eoibelgrade.gov.in Download Embassy's Mobile App For iPhone app: www.eoibelgrade.gov.in/iphone For Android app:www.eoibelgrade.gov.in/android

INDIA NEWSLETTER March 2017 - eoibelgrade.gov.in · Power, coal, renewable energy and mines minister Piyush ... of private and state-owned mills have almost ... JSW Steel, Jindal

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INDIA NEWSLETTER March 2017

H.E. Ambassador at the KONSEK 2017, Zlatibor

INDEX:

India Economic News pg 1

Government of India Tenders pg 7

Bilateral Relations pg 7

Forthcoming Events pg 10

Trade Fairs in India pg 11

Useful Links pg 12

Embassy of India

Djordja Radojlovica 7a Belgrade, 11040 (Serbia) Tel: 00381-11/2666-520 Fax:00381-11/3674-209

E-mail: [email protected] Web: www.eoibelgrade.gov.in

Download Embassy's Mobile App For iPhone app: www.eoibelgrade.gov.in/iphone

For Android app:www.eoibelgrade.gov.in/android

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India Economic News:

India inches closer to July

rollout of tax reform, GST The proposed goods and services tax (GST) moved a step closer to reality on Wednesday with the Lower House of the Parliament approving four bills that will subsume a profusion of central, state indirect taxes and help create a single, unified market.

“These are revolutionary bills which will benefit all. States have pooled in their sovereignty into the GST council, and Centre has done the same,” said Finance Minister Arun Jaitley, who aims to introduce the GST from July 1, 2017. These supporting legislation for the GST were introduced as money bills and will now go to the Rajya Sabha, the Upper House. Once the bills are passed in Parliament, the government will issue a notification after the President’s consent. The states will pass a separate law — the State GST (SGST) bill — to roll out the reform. The passage of the bills removed years of political differences over the GST that will eliminate tax barriers, and subsume a host of indirect taxes levied by the Centre and the states, including excise, service tax,

entertainment, entry, luxury and value-added taxes.

Government in talks with 300 companies for US$ 62 billion investment

The government and its investment promotion agency, Invest India, are in talks with close to 300 companies - both Indian and foreign, to channelize investment of close to $62 billion into the country, which may help create over 1.7 million jobs.

With proposed investment of around $32 billion by Chinese companies, nearly half the flows being pursued are from China, a move that is expected to help cut the massive flow of imports from across the border, besides creating employment in the country. On top of the list is Sany Group, which may invest nearly $10 billion in the wind power space. The list also includes real estate and construction companies such as Dalian Wanda Group, which is in talks with the Haryana government for several realty projects with each planning to invest close to $5 billion. There are SAIC, which is in talks with GM to take over the Halol plant, Lifan Motors and Fosun Pharma. In number

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terms, India tops the list with over 70 projects as government pursues largely middle-rung companies. While a lot of the companies that are being targeted have little or no presence in the country, several companies such as Cisco and H&M are being pursued to ensure that they expand India footprint. Given the slowdown in China, investors are increasingly looking to India to not just meet the domestic requirement but even cater to demand in the region, including South East Asia.

World Bank CEO lauds demonetization Prime Minister Narendra Modi’s decision to ban high-value banknotes as part of efforts to stamp out corruption will have a profound and positive impact on India’s economy, World Bank CEO Kristalina Georgieva has said.

“Demonetization” may have caused some hardship to people living in the cash economy but in the long run the move will help foster a clean and digitized economy. Georgieva compared Prime Minister Modi’s decision to that of the European Union, which is also phasing out high denomination bills but over a longer period of time. She said the government’s financial inclusion programme along with the move towards digital payments and direct transfer of subsidies will help the poor. India is the bright spot in today’s global economy and it is visible in the country’s performance. Ms. Kristalina Georgieva pegged India’s GDP growth rate at 7% for 2016-17. The signs are positive with the

reform process underway and GST expected to be implemented soon.

India's unemployment rate drops 50% in 7 months on Modi govt's rural push According to the latest report by SBI Research, a wing of State Bank of India, country's largest bank, India's unemployment rate nearly halved to 4.8% in February from 9.5% in August 2016. Uttar Pradesh saw the sharpest fall in unemployment at 17.1% to 2.9 %. Bihar was right behind with 13% decline in unemployment rate, which fell to 3.7% in February. Madhya Pradesh and Odisha are the other two states that logged 10% drop in unemployment to 2.7% and 2.9%, respectively. Jharkhand saw a decline of 9.5% to 3.1% in the unemployment rate.

The report attributes the decline in unemployment rate primarily to government efforts to generate employment opportunities in rural areas.

Basmati rice exports likely to grow to US$ 3.4 billion in next fiscal India's exports of basmati rice may rise to US$ 3.39 billion, with volume to around 4.09 million tonnes (MT) in 2017-18, backed by a rise in average realisations, as per Investment Information and Credit Rating Agency (ICRA).

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The basmati rice industry experienced moderation due to declining international demand, after peaking at US$ 4.51 billion in 2014-15; however the demand witnessed some stabilisation in 2016-17. He further stated that a rise in paddy prices and resumption of imports by Iran could give a boost to exports and drive growth in the industry going forward.

India becomes associate

member of International

Energy Agency India has joined the International Energy Agency as an associate member, a development that the IEA said makes the prestigious Paris-based body more relevant and reflects the country's move to the centre stage of the global energy dialogue. This elite group was set up by developed in 1974 after the OPEC cartel shocked the world with a steep increase in oil prices. Power, coal, renewable energy and mines minister Piyush Goyal said India and its citizens had not made any additional obligations, but the country will now be involved in the key committees and dialogues of the IEA, and will be able to represent the interests of the emerging markets. He said India will now have a greater say in global energy issues. With India as a member, International Energy Agency now formally covers 70% of the world's energy consumption. This increases the relevance of the IEA, Fatih Birol Executive Director of IEA said.

2016-17, a record year for M&A

deals This financial year has set a record for mergers and acquisitions (M&As) in India, with deals worth $61.26 billion—more than double the value of transactions last year. In 2015-16, M&A deals were worth $27.62 billion. The sharp increase was a result of both strong foreign buying interest and consolidation underway across sectors including telecom, cement and energy. From Rosneft PJSC’s acquisition of Essar Oil Ltd to the merger agreement between Vodafone India Ltd and Idea Cellular Ltd, 2016-17 has largely been a year of big ticket M&A deals. Inbound deals worth $21.2 billion and domestic deals worth $35.6 billion were reported in the financial year.

India to replace Russia as world's third largest refiner

India is expected to replace Russia as the world’s third largest refiner by the year 2020, said Dr Fatih Birol, Executive Director, The International Energy Agency. The strong growth in the economy and the population growth is driving India towards the centre stage of global oil and energy markets. The leadership of Mr Narendra Modi, Prime Minister, has provided a strong growth to the Indian economy, particularly in terms of boosting oil and gas production. India is now becoming the focus of attention as the demand in China has begun to slow down. India's per capita oil consumption is expected to rise to 1.5 barrels per year from 1.2 barrels at present by the year 2022.

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India to become 2nd largest steel maker in 12-18 months As per S&P Global Platts report, India is poised to become the second biggest steel producing country in the world after China over the next 12-18 months, as steelmakers continue adding capacities in anticipation of upcoming demand.

This production increase is despite the slow pace of current steel consumption in the country. India’s overall finished steel output over Apr 16-Jan 17 was only 82.87 million tonne, about 68% of installed steel capacity of 122 million tonne per annum. A number of private and state-owned mills have almost doubled their steelmaking capacities over the past five years. The front runner was India’s largest steelmaker, state-owned Steel Authority of India (SAIL), which increased crude steel production capacity to 20 million tonne per year from the previous 13 million. But the increase in demand for steel is struggling to keep pace with the rise in capacity. JSW Steel, Jindal Steel & Power, Tata Steel, Essar Steel, Bhushan Steel and Rashtriya Ispat Nigam are among other big steel producing companies in the country.

GST to provide US$ 39bn auto ancillary industry fuel for growth The $39 billion auto ancillary industry will be benefited from the GST regime. The current effective rate of tax for auto ancillary industry is between at 28 to 30% but this will come down to 18% after the GST implementation.

Many auto component manufacturers usually set up their units closer to the OEM facilities just to avoid VAT credit chain. However, in the new GST regime there will be no such compulsion as the input credit claim will be available to them through IGST and SGST. This will reduce the capital investments and increase working capital inflows to auto ancillary industry. GST is expected to impact vehicle pricing, sourcing strategies, distribution costs and dealer profitability. It is expected that consolidation of these facilities would be beneficial for the overall economic efficiency of the auto industry.

SoftBank sees electric vehicles turning affordable in 3-4 years Japan’s SoftBank Group Corporation sees energy storage costs in India becoming affordable in about three-four years, leading to a surge in the use of green technologies including electric vehicles (EVs).

Another point is the inflection of EVs over diesel and petrol cars. In the next three years, EVs will become far more transformational, it will not only be at the top end of the market, it will be in the mid end of the market and the lower end of the market.”

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At present EV sales in India are lower as compared to some other parts of the world. EV sales in the country rose 37.5% to 22,000 units in the year ended 31 March 2016, from 16,000 in 2014-15. Of these only 2,000 were cars and other four-wheelers.

The government is aiming see six million electric and hybrid vehicles on Indian roads by 2020 under the National Electric Mobility Mission Plan 2020 and Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles (FAME). It has been offering subsidies on electric and hybrid vehicles of up to USD 450,- for bikes and USD 2,100.- for cars under FAME, but the plan is to make the scheme economically viable on its own. Any shift to EVs will help reduce pollutants and fuel imports. This assumes significance given India’s energy import bill of around $150 billion, which is expected to reach $300 billion by 2030. India imports around 80% of its oil and 18% of its natural gas requirements. The country imported 202 million tonnes of oil in 2015-16.

Tata Motors, Volkswagen to jointly develop auto parts, vehicle concepts Germany’s Volkswagen Group has signed a memorandum of understanding with Tata Motors Ltd to jointly develop product components and possibly vehicle concepts to be shared by Tata, VW and Skoda Auto. India has emerged at the heart of the latest realignment in the global automobile industry, especially after Japanese car makers Toyota Motor Corp. and Suzuki Motor Corp. on 7 February announced plans to “establish an implementation framework” for a business partnership in areas such as green vehicles, safety and information technologies and mutual supply of products

and components. Toyota, too, has taken full ownership of small car specialist Daihatsu Motor Co., and the latter’s products are expected to be introduced in India in 2019.

Top auto companies such as Toyota, VW, General Motors Co. and Ford Motor Co. lack a significant presence in India, whose passenger vehicle segment is expected to more than quadruple to 13.4 million units by 2026 from 3.2 million now if the economy grows at an average rate of 7.5% a year. That would make India the world’s second largest market after China. Between April and February this year, Toyota, Volkswagen, GM and Ford together sold 282,028 units in India, which is about 10% of the total size of the Indian passenger vehicle market, where Suzuki’s Indian unit commands a 47% market share. The changing dynamics of the auto industry have meant that while firms are under tremendous pressure from regulators the world over on safety and emissions, newer concepts such as shared economy, autonomous driving and companies such as Tesla Inc. threaten to disrupt the age-old automobile business model. Amid such a scenario, tie-ups such Tata-VW or Suzuki-Toyota are mutually beneficial.

Indian auto-component aftermarket to touch US$ 13 billion by 2019-20 The Indian automotive component market is expected to grow at a CAGR of 10.5 %, and reach US$ 13 billion by the year 2019-20, according to a study by Automotive Component Manufacturers Association of India (ACMA). The segment has been

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valued at US$ 8.4 billion in the financial year 2016-17, which comprises of the two and three wheeler segments valued US$ 1.84 billion, passenger cars at US$ 2.9 billion, commercial vehicles US$ 3.02 billion and tractors US$ 816.54 million.

Indian billionaire Anil Agarwal to invest up to US$ 2.4 billion in Anglo American Billionaire metals maven Anil Agarwal made a surprise bid for as much as 13% of British mining giant Anglo American Plc for $2.4 billion, a move that will give him a foot in the door of the $23-billion conglomerate. It also gives him a piece of De Beers, the diamond powerhouse owned by Anglo American.

The move, made through his personal investment firm Volcan Investments. The full stake will equate to about 13% of Anglo’s stock, giving Agarwal enough influence to bring the metals and mining major back to the negotiating table. The shareholding of Anglo American is widely dispersed with the South African government holding a significant stake.

India’s diamond production is negligible, but it is the largest consumer of rough diamonds in the world, importing 80% of total global production with an import bill of $15 billion, besides being a hub for processing the stones. De Beers produces over 30 million carats of diamonds per year, 35% of the global production of roughs. Anglo American has revenue of $23 billion, Ebitda (earnings before interest, tax, depreciation and amortisation) of $6.1 billion and market value of more than $20 billion. It is a global leader in both platinum and diamonds apart from base metals and minerals — copper, nickel, niobium and phosphates. It also produces bulk commodities such as iron ore and manganese, metallurgical coal and thermal coal.

SAIL achieves record export monthly volume of steel in a decade Steel Authority of India Ltd (SAIL) achieved its best ever export monthly volume of steel in a decade in February 2017. A total of 103 thousand tonnes of steel was exported last month, which includes the first time shipment of CE marked plates from the New Plate Mill of SAIL’s Rourkela Steel Plant to Europe.

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SAIL plans to soon diversify its exports basket with cold rolled and galvanized products from New Cold Rolling Mill at Bokaro, structural’s from New Universals Section Mill at Burnpur and Medium Structural Mill at Durgapur. Through the enriched product offering the Company aims to consolidate its presence not only in South East Asian market but also in Europe.

India becomes Net Exporter of Electricity for the first time

As per Central Electricity Authority, the Designated Authority of Government of India for Cross Border Trade of Electricity, 1st time India has turned around from a net importer of electricity to Net Exporter of electricity. During the current year 2016-17 (April to February 2017), India has exported around 5,798 Million Units to Nepal, Bangladesh and Myanmar which is 213 Million units more than the import of around 5,585 Million units from Bhutan. Export to Nepal and Bangladesh increased 2.5 and 2.8 times respectively in last three years. Ever since the cross border trade of electricity started in mid-Eighties, India has been importing power from Bhutan and marginally exporting to Nepal in radial mode at 33 kV and 132 kV from Bihar and Uttar Pradesh. On an average Bhutan has been supplying around 5,000- 5500 Million units to India.

India replaces Japan for 3rd

spot in domestic air travel Propelled by the tail wind generated by increasing domestic air travel demand, the Indian aviation industry continues to soar to new heights. The world's fastest growing air travel market for several months in a row has added another feather on its cap by being the third-largest domestic aviation

market globally with more people flying within the country last year than Japan, which has been pushed to number four spot. Calendar year 2016 saw 100 million domestic flyers in India, more than the 97 million in Japan, according to the Centre for Asia Pacific Aviation (CAPA)

Government of India

Tenders:

The Government of India Tender Information System http://tenders.gov.in/

Ministry of Home Affairs http://mha.nic.in/uniquepage.asp?Id_Pk=298

More details on Tenders in India are available at the following Embassy link: www.eoibelgrade.gov.in/pages.php?id=59

Bilateral Relations

Ambassador participates in the 3rd Meeting of India-Serbia Joint Economic Committee through video conferencing. H.E. Mrs. Narinder Chauhan, Ambassador of India in the Republic of Serbia participated in the third meeting of the India-Serbia Joint Economic Committee (JEC) that was held through video conferencing on 10th March 2017.

The JEC was co-chaired on the Indian side by Ms. Anita Praveen, Joint Secretary,

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Department of Commerce, Ministry of Commerce & Industry and Mr. Nemanja Stevanovic, State Secretary of Ministry of Foreign Affairs of Serbia. The two sides informed each other of the economic situation in their respective countries and discussed the prospects to enhance bilateral economic & trade relations. Both sides agreed to further strengthen and diversify bilateral economic & commercial relations and continue linkages between business associations/trade bodies on either side to promote bilateral trade. The Indian side apprised the Serbian side about the latest economic developments in India and highlighted the flagship projects such as Make in India, Skill India, Digital India, Smart Cities, Swachh Bharat, Start-Up India, etc. Both sides examined and discussed the status of bilateral economic cooperation, including trade and investment, agriculture & food processing, energy, mining, scientific and technical cooperation, Information Technology & Electronics, civil aviation, health, pharmaceuticals, tourism, film making, youth affairs & sports and cooperation between private sectors. Ambassador emphasized on the import of wheat, soyabean, oil seeds from Serbia and called for visit of Indian delegation to work out the modalities. The Indian side also expressed interest in procuring copper and gold from Serbia. The two sides expressed readiness to develop and continue their mutual economic cooperation and find ways and means for its further development. Both sides agreed to undertake follow-up actions on the subjects discussed during the meeting.

Ambassador’s presentation at the 5th Economics Student’s Congress (KONSEK 2017). Mrs.

Narinder Chauhan, Ambassador of India to Serbia participated in the 5th Economics Student’s Congress – KONSEK 2017 on 17th March 2017. The KONSEK 2017 was organized by Student’s Parliament, Faculty of Economics, University of Belgrade from 16-20 March 2017 in Zlatibor, Serbia.

Addressing the students, Ambassador spoke at length about India’s current economic policies, new flagship programmes, its economic progress and about India-Serbia bilateral economic relations, ITEC etc. Ambassador also informed the gathering about the recent visit of Prime Minister Aleksandar Vucic to India to attend Vibrant Gujarat Global Economic Summit and the discussion held with Indian leadership and business community. The discussions focused on the need for greater students exchange and to establish connections with young organizations. Ambassador informed about electronic tourism visa facility which has been utilized by hundreds of Serbian tourists since it was extended to Serbia in February 2016 and has contributed to 26% year on growth in the numbers of Serbian tourist arrivals in India in 2016.

The Congress was attended by large number of students and focused on knowledge and experiences from different economic spheres. The Congress is supported by the Serbian Ministry of Education, Science & Technological Development, Ministry of Youth & Sports, Serbian Chamber of Commerce & Industry, National Bank of Serbia and University of Belgrade.

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Modifications to the existing e-Tourist Visa (e-TV) Scheme. With effect from 01 April 2017, Government of India has changed the nomenclature of its existing ‘e-Tourist-Visa’ facility available to the nationals of the Republic of Serbia to ‘e-Visa’ to expand its scope by adding following three sub-categories:

e-Tourist Visa: Available for those whose sole objective of visiting India is recreation, sightseeing, casual visit to meet friends or relatives, and attending short duration yoga programme. The validity of e-Tourist Visa will be 120 days with double entry from the date of arrival in India and maximum stay permissible will be 60 days.

e-Business Visa: All activities permitted under normal business visa. The validity of e-Business Visa will be 120 days with double entry from the date of arrival in India and maximum stay permissible will be 60 days.

e-Medical Visa: Medical treatment, including treatment under Indian systems of medicine. The validity of e-Medical Visa will be 120 days with triple entry from the date of arrival in India and the maximum duration of stay will be 60 days. Extension up to 6 months may be granted on case to case basis by the Foreigners Regional Registration Officer (FRRO)/Foreigners Registration Officer (FRO) concerned on the merits of each case.

e-Visa will be non-extendable except in the case of e-Medical Visa. e-Visa will generally be non-convertible to any other type of visa. The facility of e-Visa is valid only for a maximum of two visits in a calendar year and will be available at 24 major airports in India. Use of e-TV facility by Serbian nationals is on the rise and more than 500 Serbian tourists have utilized the facility upto the month of February 2017. Government of India had extended e-Tourist Visa (eTV) facility to Republic of Serbia with effect from 26th February, 2016.

More details are available at: www.eoibelgrade.gov.in/press.php?id=132

Premier of first Indian-Serbian co-production “Devbhoomi” in Belgrade. On 9th March, H.E. Mrs

Narinder Chauhan, Ambassador attended the premiere of the first Indian-Serbian co-production “Devbhoomi” (Land of the Gods) screened at the Belgrade Cultural Center.

The film has been co-scripted by Serbian director Goran Paskaljevic and its lead Indian actor Victor Banerjee. Dedicated to the people of the North Indian State of Uttarakhand, the film pays a homage to the place, its people and their traditions. In the official announcement of the festival, the film was described as a “visually stunning fable set in a remote Himalayan village”.

Students from the Faculty of Law visit the Indian Embassy in Belgrade. On 2nd March, H.E.

Ambasador held a presentation on India, its development model, economic policies, new flagship programmes and the history of India-Serbia bilateral relations to students of the Faculty of Law, from the Belgrade University. On the occasion the documentary film “A Day in the Life of India” was also screened.

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Ambassador meets Director of Jagodina Museum of Marginal and Naïve Arts. On 6th March, H.E.

Mrs Narinder Chauhan, Ambassador of India held a meeting with Ms Nina Krstic the Director of Jagodina Museum of Marginal and Naïve Arts and discussed the possibilities of holding exhibitions of Indian artist at the Jagodina Museum.

Commercial & trade visits to India: Ms. Slobodanka Simić Manager of

Production & Quality Control Avramović and Ms. Vesna Gojkov Manager of GMP Department from the Serbian pharmaceutical company Galenika a.d. visited India to discuss cooperation with Mumbai based Sun Pharmaceutical Industries Ltd. Mr. Mladen Tošić CEO of Serbian pharma company UTI do.. visited New Delhi to discuss further expansion of cooperation with Indian Panacea Biotec Ltd. Ms Matija Nikolic, Technical Supervisor of Stilles doo visited India in connection with the interior designing of Grant Hyatt Kochi Project. Mr Lukas Rasulic, Neurosurgeon, Clinical Center of Serbia participated as International Delegate in International Conference on Complications in Neurosurgery (ICCN 2017) in Mumbai from 3-5 March. Apart from above several Serbian companies visited India for commercial & trade purposes mainly from the IT, telecomm, pharmaceutical marketing, science & Technology, steel, recycling, engineering, design, textiles & footwear Industry. Some of the companies are FCA Serbia, Veriest Venture Serbia, ABB doo, Ball Packaging Europe, Siemens doo, Schneider Electric DMS, Robert Bosch doo, NCR doo, Dellano doo, Chemico Export doo, etc.

Forthcoming Events

Home Expo 2017. Export

Promotion Council for Handicrafts is organizing the 6th Home Expo India from 18-20 April 2017 at the India Expo Centre and Mart in Greater Noida, India. This event showcases product from Gifts & Handicrafts, Textile, Fabrics & Yarns, Home Furnishings & Home Textiles, Household Consumables, Furniture, Lifestyle & Fashion industries. The event brings three premium sourcing opportunities under one roof, Indian Houseware and Decorative Show, Indian Furnishings , Flooring and Textile Show and Indian Furniture and Accessories Show. For more information visit the official website at http://www.epch.in.

3rd Indian Global Exhibition on Services (GES). The Indian

Ministry of Commerce & Industry, Services Export Promotion Council of India (SEPC) and Confederation of Indian Industry (CII) are jointly organizing the 3rd Indian Global Exhibition on Services (GES) from 17-20 April 2017 at Greater Noida, India. The 3rd Global Exhibition on Services (GES) is a large congregation of Government Bodies, Government Departments and Agencies, Private and Public Sector Undertakings, Corporate Sector, Startup Companies, Trade and Industry Associations, Service Providers, Facilitators for Services, Buyers and Media. It is a global platform for increasing trade in services, enhancing strategic cooperation and strengthening multilateral relationships between all stakeholders. It is an opportunity for Serbian service sector industry to interface with world statesmen, business leaders, academia, policy makers and media leaders. Apart from B2B meetings and round table discussions, the exhibition will also have sector specific knowledge sessions and will be an ideal platform for networking with business delegations from India and across the world. The delegates from over 60 countries are likely to participate in the GES 2017 which will have 40,000 sq meters of exhibition area. More details can be accessed from the website http://www.gesdelhi.in or Mr. Shankar, General Manager, Confederation of

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Indian Industry (CII) at Email: [email protected] or Tel: +91 124 4014531.

India Steel Expo 2017. The

Ministry of Steel, Government of India with Federation of Indian Chambers of Commerce and Industry (FICCI) is organising the 3rd Edition of the International Exhibition and Conference 'India Steel Expo 2017' from 20-22 April 2017 at Mumbai. The event will consist of an International Exhibition and a Conference along with series of concurrent events such as CEOs Forum, Buyer-Seller meet, Investor Conclave etc. It is an exhibition- cum- conference on Indian Steel Industry focusing upon the value enhancement from mining to steel production and delivery of the steel products to end consumers. The objective of the event is to showcase the latest products, technology, machinery and equipment, applications and developments in the Indian Steel Industry. During the event, inter-linkages of mining and steel and the mining developments that can impact the Indian Steel Industry would be highlighted. The event will also give opportunity to understand global steel markets and identifying opportunities in Indian steel supply chain and logistics. The participants would interact with policy makers, supply chains, emerging technologies for steel in India. This would also be an ideal platform to launch new products and find sales agents or distributors in new markets. Investors from abroad will be showcased the strength and capabilities of Indian Steel Industry with a view to attract foreign investment in Indian steel sector. For more details visit the official website at:www.indiasteelexpo.in

Textile India 2017. The Ministry of

Textiles, Government of India is organizing a mega international even “Textile India 2017”, from 30th June to 2nd July 2017 at Mahatma Mandir, Gandhinagar, Gujarat. Hon’ble Prime Minister of India has kindly agreed to inaugurate the event. Textile India 2017 will showcase the strength of value chain in India and international conferences will be held with participation from global and national leaders of industry, technical experts and senior policy makers from the

Union and State Governments. The 3-day event is expected to attract around 1000 international and domestic exhibitors and 2500 buyers from various countries. Therefore, the event will provide an excellent platform for B2B interactions and for exploring investment and technological tie-ups across various segments in the textiles value chain including fibre, yarn, fabric, apparels and handicraft products. For more information, interested parties may contact: Shri. Srijib Roy, Additional Director, the Synthetic & Rayon Textiles Export Promotion Council, Mumbai. India; (Tel/ Fax: +91 22-22048358 Email: [email protected]) More information on forthcoming events is available at: http://eoibelgrade.gov.in

Trade Fairs in India

Home Expo India 2017 18-20 April 2017, Greater Noida www.epch.in

Indian Global Exhibition on Services (GES) 17-20 April, New Delhi www.gesdelhi.in

India Steel Expo 2017 20-22 April 2017, Mumbai www.indiasteelexpo.in

Great Indian Travel Bazaar 23-25 April 2017 http://ficci-gitb.com/

India International Knit Fair 10-12 May 2017 http://indiaknitfair.com

Global Rajasthan Agritech Meet 12-14 May 2017 http://gramrajasthan.in/index.html

Renewable Energy World India 2017 17-19 May www.renewableenergyworldindia.com

Organic & Ayurveda Expo 2017 09-11 Jun 2017, Chennai http://www.oae.net.in/

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India International Garment Fair 17-19 July 2017, Gandhi Nagar www.indiaapparelfair.com/

India International Yarn Exhibition 2017, 20-22 July http://www.yarnex.in/

India International Fashion Jewellery & Accessories Show 11-14 Aug 2017, Mumbai www.iifjs.com/

AgriTech India 28-30 August, Bangalore http://agritechindia.com

Annapoorna World of Food 14-16 September 2017, Mumbai www.worldoffoodindia.com

India Carpet Expo 3-6 October 2017 , New Delhi http://www.indiancarpets.com

Broadcast India Show 2017 12-14 October 2017 www.broadcastindiashow.com

World Tea & Coffee Expo 16-18 November 2017, Mumbai www.worldteacoffeeexpo.com

India International Trade Fair 14-27 November 2017, New Delhi www.iitf.in

The Auto Expo 2018 9-14 February 2018, New Delhi http://www.autoexpo.in

Defexpo India March 2018, Goa http://defexpoindia.in

India-Europe29 Business Forum http://www.ie29bf.in/

Vibrant Gujarat 2018 http://www.vibrantgujarat.com

World Ayurveda Congress http://www.ayurworld.org

India International Leather Fair http://www.iilfleatherfair.com/

India Stonemart 2018 http://www.stonemart-india.com

HealthTech India http://healthtechindia.co.in/

India Pharma 2018 http://www.indiapharmaexpo.in

India IT Show 2018www.indiasoft.org

India Handicrafts & Gifts Fair 2018http://www.epch.in

Aahar International Food Fair www.aaharinternationalfair.com

www.indiatradefair.com www.cii.in/CII_Events.aspx www.ficci.com/ficci-exhibitions.asp www.assocham.org/events/index.php www.fieo.org/view_detail.php?lang=0&id=0,22&evetype=0 http://10times.com/india/tradeshows

Useful Links

The National Portal of

Indiahttp://india.gov.in

The Indian Ministry of External Affairs, http://mea.gov.in/

Invest India www.investindia.gov.in

India In Business http://indiainbusiness.nic.in

Incredible India www.incredibleindia.org

India Brand Equity Foundation www.ibef.org

ITPO www.indiatradefair.com

EXIM Bank http://eximbankindia.com

The Confederation of Indian Industrywww.cii.in

Federation of Indian Chambers of Commerce & Industrywww.ficci.com

Associated Chambers of Commerce & Industry of India www.assocham.org

The Federation of Indian ExportOrganizationswww.fieo.org

The Indian ICC www.indianchamber.org

PHD Chambers of Commerce & Industry www.phdcci.in