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CHAIRMAN`S PERSPECTIVE- Mr. Richard Chapman

Message from - H.E. Consul General-Torbjorn Holthe

Norwegian Business Association India

Newsletter-March, 2016

NBAI is all about keeping our members up to date with issues orlatest practices and to keep connected with each other and thewider network of Innovation Norway and the Embassy.

After three years in operation we are increasing our reach beyondDelhi and Mumbai to incorporate more events in Pune, Chennaiand Bangalore. This includes updates on the economy, leanmanufacturing, best practices in CSR, and links to governmentinitiatives and exhibitions such as maritime events and smartcities.

We look forward to the reopening of the New Delhi embassy anda potential visit from the Norwegian Prime Minister.

It will be an active year and I hope you can attend the events tostay informed and use the network for building know how andcontacts.

When the Foreign Minister H.E Børge Brende reopened theConsulate General in November last year was a result of therecognition that Norway needed to increase the diplomatic presencein India. Doing this in Mumbai was natural since most of theNorwegian established companies in India work out of Maharashtraand Mumbai.

The Consulate General’s ambition is to be an active partner in TeamNorway, and appear as a relevant partner to the Norwegian businesscommunity. In order to succeed and meet this goal, we need to havea robust and active Team Norway. With the present participants ofthe Embassy, Consulate General, Innovation Norway and NBAI, Ibelieve Team Norway in India is on the right track. We will furtherstrengthen our team when The Norwegian Seafood Councilestablishes its presence in the Consulate General later this year.

I am looking forward to a constructive co-operation with all of you.

Capt.Navin Passey

Wallem Shipping

Capt.Kishore Sundaresan

Kongsberg Oil & Gas Services

Mr. Naveen Bannur

Span Infotech

Mr. Reidar Olsen

Kongsberg Norcontrol

Mr. Sanjay Joshi

Aker Solutions

Mr. Rajiv Bawa

Telenor Group

Mr. Ashish Gupta

Handelsbanken

MEET THE NBAI BOARD

Ambassador

H.E.Mr.Nils Ragnar

Consul General

H.E.Mr.Torbjorn Holthe

Commercial Counselor &

Director Innovation Norway

Mr. Helge Tryti

NBAI Chairman

Mr. Richard Chapman

Jotun India

Mr. Derick Dias

NBAI Treasurer-

DNB BANK

Mr. George Mathew

NBAI-Vice Chair

Norinco Pvt Ltd

Honorary Board Members Office Bearers-2015-16

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NBAI EVENTS REVIEW & ACTIVITIES

MISSED AN EVENT? Visit our website or Facebook page for videos and more photos from our most recent events.

Visit our website or Facebook page for videos and more photos from our most recent events. NBAI Seminar-“GST-Be For the Game Changer” 9th Feb, 2016.

NBAI held a successful knowledge seminar on the topic of GSTarranged on the 9th February, 2016 at the RNCG, MUMBAI in co-ordination with Mr. Sagar Shah from B.D.O India. The seminarreceived an overwhelming response from the participants eagerto garner information on the crucial topic. The eminent speakerMr. Shah presented an overview of the GST Tax and touchedsubjects like Constitutional Amendment Bill (CAB), Levy of GST,GST Council, Inter-State Supply GST, Rate of GST andCompensation to States highlighting the need of GST to beimplemented.

NBAI- BOARD MEETING-4th March, 2016”

March 4th was a day full of activities and action. We had aconstructive board meeting calling in for few positive changes andbetter prospects, discussing at length activities to be conducted,merging bigger and better, helping broaden the NBAI horizon,expanding our CSR reach and widening our grasp. Our boardcomprises of major Norwegian companies existing In India fromvaried sectors. Here`s a look at it.

NBAI-Bangalore Social-24th February, 2016

Mr. Chapman made a welcome move and held the NBAI social inBangalore to bring together our members in the region as one foran informal gathering to discuss possibilities of knowledgeseminars, networking & local events to be held in the near future.

4th March-NBAI had organised an interactive session titled -

"Union Budget 2016-17-Keytakeaways".To provide an insight into issues relating to the budget-2016 and withspecific focus on the important direct and indirect tax proposals in thebudget, we had invited experts from our knowledge partner BDO toaddress our members on 4th March, 2016.

By Mahnaaz Khan

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NBAI celebrated its 3rd Anniversary in the presence of H.E, C.G Torbjourn Holthe, which was a well-attended gathering by most Norwegian companies and a great networking affair, we also had a hearty farewell organised for our Ex-Head of Secretariat, Ms. Vibeke Simonsen who would soon be returning to Norway for pastures new, We wish her luck and success.-

NBAI ANNIVERSARY -4th March, 2016

-By Mahnaaz Khan/Photo Credits-Jorund Ekker.

A Message from NICCI-Greetings from Norway India Chamber of Commerce and Industry (NICCI)

Congratulations NBAI with 3 years in service for Norwegian companies in India.

We share the same goal; promoting Norway - India business relations. NICCI being a well-established network between companies, organizations and authorities in Norway. NBAI with itsstrong presence, influence and network in India. No doubt stepping up on our cooperation will allowus to have more done, and add further value for our respective members. Optimistically preparingfor another exciting Norway-India business year. The steadily increasing economic growth in India isforecasted to continue the next decades. It's Political willingness to rapid economic reforms. Newsectors are opening up for foreign direct investments. Massive opportunities in mega projectsfollowing the planned transition to 100 Indian smart cities. We have good reasons to be optimisticon behalf of our members wanting to tap into Indo-Norwegian business cooperation & Identifyingactual opportunities.

The 2016 strategy of the NICCI board is to identify real opportunities and facilitate sector orientednetworking events both in Norway and India. We will co-organize several events with our partners,among them NBAI.

In addition to regular networking meetings in the last half of 2016 -we are also discussinginvolvement in a maritime seminar, a marine industries delegation to Norway and possibly a startupin India event. Our ICT work group will continue the work started in 2015.

NBAI members - you are welcome to the NICCI events. If you happen to be in Norway at the righttime – please join our networking meetings and other events.

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MARK YOUR CALENDERS IBSEN FESTIVAL

NBAI & SCCI –First Collaborative event on

Lean Manufacturing, To be held by the NBAI

Chairman, Mr. Richard Chapman at Jotun

India-Pune –April 21st, 2016.

Norwegian National Day celebrations-14th May,

2016- Mumbai, 17th May, 2016-Delhi.

NBAI-CSR Seminar-to be held by Jotun India in

Chennai-18th May, 2016.

NBAI-AGM-2016-2nd June

NBAI & IN Joint Seminar-2nd June, 2016

- National action plan on business and

human rights announced by the Norwegian

government recently and one year of CSR

legislation in India.

NBAI Members are invited to join Defexpo https://defexpoindia.in/Default.aspx which is a flagship event in the Indian defence sector. This is the ninth edition of the event and is taking place in Goa from 28th to 31st March this year. Co-ordinated By Innovation Norway open to NBAI members.

NBAI offers its member to participate in ‘Smart Cities India 2016 Expo’ http://www.smartcitiesindia.com/ which will be held in New Delhi from 11th till 13th May 2016. Innovation Norway in cooperation with the Royal Norwegian Embassy is putting up a Norwegian pavilion at the exposition.

NBAI is exhibiting with its members under the Norwegian pavilion at the Maritime India Summit-2016 which is to be held from 14th to 16th April 2016 in Mumbai. (http://www.maritimeinvest.in/).An event coordinated by Innovation Norway.

MARCH

APRIL

MAY

JUNE

IBSEN FESTIVAL-By Mrs. ILA Arun IBSEN INDEED COMES ALIVE IN INDIA

The obsession for Ibsen began in 2010 in London. DADA (Design and Dramatic Arts) from New Delhi called to urge Ila Arun, playwright & the Artistic Director of ‘SURNAI’ Theatre group to adapt & stage two shows of Ibsen’s “Lady from the Sea” in collaboration with the Norwegian Embassy. She adapted it as “Mareechika” using a traditional folk form and the play premiered at Ibsen Festival Delhi. “Mareechika” created a lasting impression and In May 2014 Norwegian Embassy commissioned Ila Arun for the maiden “Ibsen festival” in Mumbai interestingly titled “When we dead awaken, Ibsen comes Alive in Mumbai”. Opening the maiden festival with the performances by the highly acclaimed Norwegian Theatre & Jazz artistes like Kare Conradi, Ruth Wilhelmine Meyer, and Helge Lien created an overwhelming response. Mumbai people hadn’t seen innovative sound & visual performances like that. “Ibsen Festival Mumbai 2015 season 2” was more India focused due to economic reasons, but it equally heightened awareness for Ibsen. Robust publicity for the past two seasons of “Ibsen festival” has reached an estimated 6 million people. Additionally the cascading effect of word-of-mouth publicity has created a greater momentum for “Ibsen Festival”. The newly founded “SURNAI Theatre And Folk-Arts Foundation” (previously “SURNAI THEATRE”) has plans to open the “Ibsen Festival Mumbai 2016-Season 3”with a fusion of Norwegian, Indian jazz & traditional music; a collaboration of such artistes like Ila Arun, Kare Conradi, Dhruv Ghanekar, Ruth Meyer, Helge Lien & folk balladeers from Rajasthan & Maharashtra shall open at a separate venue. The main festival for the first time shall continue at the iconic Prithvi Theatre from 6 to 9 October 2016 with plays, discussions, seminar & a platform performance. SURNAI’s has been travelling all over India with “Peer Ghani”. Based on Ibsen’s long dramatic poem “Peer Gynt” & set in Kashmir has performed in Gurgaon and Jammu this month to an overwhelming response. SURNAI Foundation has got the go-ahead to perform soon in Srinagar. Henrik Ibsen shall truly be resurrected in India then. - By Mrs ILA Arun.

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Interesting News Reads about –POLICIES & NORWAY

Budget 2016: Where the money comes from and where it goes India following bold, proactive foreign policy: President Mukherjee.

Government may come out with a national policy for software products. New regime in oil and gas exploration Cabinet approves new pricing policy for hard-to-reach, deep sea gas fields New Policies: Start-up initiative could jumpstart employment generation

Govt finalising new mineral exploration policy

Govt’s policy soon for large-scale solar manufacturing

How policies can shape Make In India FSSAI to formulate new policies for food safety

Two Indian seafarers awarded Operational Medal of

Norwegian Armed Forces

Norway to be country partner for BioAsia.

Norway's Statoil, Det norske looking for more acquisitions

Norway voted best country to live in 12th year in a row

by UN .

Norway to help India manage construction waste

Norway hopes to attract four Indian film projects every

year.

The country most excited about EVs might take a breather

Norway to build Europe's largest onshore wind plant

G.C.REIBER- CONTRIBUTE YOUR CSR SPEND TO TREAT UNDERNUTRITION – SDG 2 AND SDG 3-

The Sustainable Development Goals (SDG) have now replaced the Millennium Development Goals (MDG) to transform the world around us. SDG 2 - End hunger, achieve food security and improved nutrition and promote sustainable agriculture and the SDG – 3 Ensure healthy lives and promote wellbeing for all at all ages. Severe Acute Malnutrition (SAM) remains a major killer in children under 5. They are at 5 -20 times higher risk of death against a normal child. In India at any given point of time, there are 5 Million server-undernourished children. In India, these children are treated at Nutrition Rehabilitation Centres (NRCs) which 900 in number are only able to reach 2 % of the children. However, there are evidences, which shows that most of these children, without complications can be treated at the community level and need not go to these centres. In Africa hundred thousands of the such children are being treated in community level – CMAM (Community based management of Malnutrition) which not only increases the reach but also is cost effective thus more number of children can be treated in the same available resources. The Ministry of Health and Family Welfare (MoHFW) – Government of India has provided its approval to UNICEF India to conduct pilot project for community based management of SAM (Severe Acute Malnutrition) in 13 states where UNICEF has field presence. The states are Assam, Andhra Pradesh (Now Andhra and Telangana), Bihar, Chhattisgarh, Gujarat, Jharkhand, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Uttar Pradesh and West Bengal. The objectives of this Integrated Management of SAM (IMSAM) are: To create effective treatment capacity based on nationally and internationally accepted protocols. Using government infrastructure create effective treatment capacity for community based management of acute malnutrition To provide linkage between NRC’s and CMAM as well as essential preventive measures To generate evidence on effectiveness of IMSAM program in India. GC Rieber Compact India Private Limited is a Norwegian Company producing RUTF (Ready to Use Therapeutic Food) eeZeePaste NUT. In their effort to combat malnutrition, GC Rieber Compact would like to support UNICEF and other NGO’s in India. It invites all the Norwegian Companies operational in India to come forward and help in this initiative by diverting their CSR funds for this cause. In case you are interested, you can directly reach Vivek Arora at vivek.arora@gcrieber.com

-By Mr Vivek Arora

News Reads-By Mahnaaz Khan

ANNOUNCEMENT

An area of priority to the NBAI is creating meeting places for members and their business partners.

One event that has been used successfully many places in the world, is establishing a yearly Golf Tournament.

For instance: “The Viking Golf Tournament”. Before proceeding, feedback from NBAI members as to this idea is necessary.

Response may be communicated to Mahnaaz Khan.

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Launch of ‘Our Most Beautiful Paint Ever’ – My Home

News from our Members

Over 300 dealers and internal team members were taken to Ramoji Film City, Hyderabad to witness Jotun India’s largest product launch of the year – My Home. The audience was left spell-bound by the flying drones that gave My Home cans a grand entrance, followed by fanfare and unveiling of larger than life size cans on either sides of the stage. Their spirits reached a peak while going through the special gallery set up that used inspiration from the latest My Home Colour Card. The event concluded with a lot of fervor and enthusiasm amongst all internal and external stakeholders, where the Managing Director Mr. Richard Chapman outlined Jotun's robust retail strategy for the coming years. Senior customers and employees rated the event as the best they have experienced and we were able to capitalize on the momentum by procuring orders of over 46,000 liters for the new products. My Home is unique in the market as it offers a matt which not only has the best appearance in the market but can also be cleaned. We use three points to get our message over: 1. My Home is our most beautiful paint ever 2. What you see (on the colour card) is what you get on the walls (colour accuracy). 3. We have selected colours that look beautiful on your walls. – By Jotun INDIA

MD-Jotun India & NBAI Chairman

MOODY’S UPGRADES DNB BANK ASA’S LONG-TERM DEBT RATING TO AA2 AND CHANGES OUTLOOK TO NEGATIVE https://www.moodys.com/research/Moodys-Takes-Rating-Actions-on-Seven-Norwegian-Banks--PR_344897- -By DNB INDIA

VACANCY CALL-Colicare Logistics Business Development/Sales Manager opening at our Gurgaon, Delhi-NCR office Job description:- Shall involve but not limit to the following: 1. Strategize and develop Air Business for ColliCare Group companies in India. 2. Co-ordinating with ColliCare agents in South & South East Asia for cargo originating from countries viz: Thailand, Vietnam, Taiwan, Indonesia, Cambodia, Bangladesh. & key account managers (KAM's) in Norway to plan and move cargo originating from the mentioned countries. 3. Work in close co-operation with the Country Manager to maintain healthy revenue/cost structure for air business. 4. Maintain complete overview of the shipment viz: bookings, sailings, costs and revenue etc and report to the Country Manager. 5. Build rapo & sustain healthy relationship with exporters/importers and buyers/buying agents. Desired Skills and Experience. 1. Hard core business development/sales experience of 5+ years in freight forwarding industry is mandatory. 2. Working knowledge of logistics industry, freight forwarding & custom clearance. 3. Computer literate, MS Office, Outlook, Internet. 4. Good understanding about various shipping lines and / air lines would be added advantage. To Know more about the Company, log on to: - www.collicare.com Contact Person: - Tejas Sharma, Country Manager ColliCare Logistics India Pvt Ltd M + 91 98 18 68 52 52/T +91 124 435 4154

For stories/news/events/articles/ memberships /promotions & marketing

you can write @nbai@nbai.in or contact: -

Mahnaaz Khan-NBAI Secretary/mahnaaz.khan@nbai.in / +91 9967166889

Credits & Acknowledgements

NBAI Board

Special Thanks

RNCG, MUMBAI

Mr. Richard Chapman

Mr. Derick Dias