ISSUE NO. 1 ; Vol. XXI
Website: http://www.indembassysuriname.com/
March 2011
Contents News about India Report: India to set up 15 mega food parks
NEWS ABOUT INDIA Indian relief team begins work in Japan
An Indian relief and rehabilitation team, consisting of 46 specialists from the National Disaster Management Authority, reached Rifu-cho Economy & Investment in Japan's quake-and-tsunami-hit Miyagi Update prefecture on a 10-day aid mission in one of the worst-affected areas. The mission's mandate, as Doing Business with India – agreed to by the two countries, covers the Sectoral Profile – Food clearance of debris, repairs, emergency medical Industry assistance and the distribution of relief goods. Feature: Green India Ambassador Alok Prasad said the team's mandate Mission – A Way to Enhance was determined entirely “according to the ECO-Systems priority indicated by the Government of Japan”. India had already delivered 25,000 blankets and ICC Events 10,000 bottles of drinking water. High-energy biscuits would now be distributed to children News in Hindi during the disaster managers' 10-day stay north of Sendai as a fully self-contained team that Trade Enquiries would not draw upon local resources for its upkeep. On whether India would extend help in managing radiation risks, Mr. Prasad pointed out that Prime Minister Manmohan Singh had already conveyed Bharat Darshan India's readiness to help in whatever manner Japan wanted.
अमर शह द भगत िसंह
मुझे द ड सुना दया गया है और फाँसी का आदे श हुआ है । इन कोठा रय म मेरे अित र# फाँसी क$ ूती&ा करने वाले बहुतसे अपराधी है । ये लोग यह, ूाथ.ना कर रहे ह/
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कतनी वीरता से बिलदान दे सकते ह/ ।
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7th IBSA Trilateral Ministerial Commission Meeting New Delhi, March 8 (IANS) Foreign ministers of India, Brazil and South Africa (IBSA) met in India on March 8 and called for urgent reforms to the United Nations Security Council (UNSC), including expansion of permanent and non-permanent membership. They also said that terrorism constitutes one of the most serious threats to international peace and security. Indian External Affairs Minister S.M. Krishna, Minister of External Relations of the Federative Republic of Brazil Antonio de Aguiar Patriota and Minister of International Relations and Cooperation of South Africa Maite Nkoana-Mashabane, who met for the 7th IBSA Trilateral Ministerial Commission, reaffirmed their commitment at deepening dialogue in IBSA framework at government and other levels. In a communiqué issued after the meeting, they underscored the role IBSA is playing in strengthening political coordination among the three countries on global issues of mutual interest. ‘In this rapidly changing global order, the ministers underscored the increased strategic importance of IBSA as a forum of developing country democracies from three different continents based on shared values which play a critical role as an influential mechanism for further strengthening and fostering South-South cooperation and safeguarding and advancing the interests of the South,’ the communiqué said. On UN reforms, the ministers noted that their meeting was taking place when the three countries are non-permanent members of the UNSC. ‘They emphasized the need for urgent reform of the UN Security Council, including expansion of permanent and non-permanent categories of its membership, with increased participation of developing countries in both categories. Towards this end, the representation of developing countries from Africa, Asia and Latin America is essential,’ the statement said. The ministers reaffirmed their resolve to maintain their close coordination as well as to reach out to the broader UN membership, in order to advance towards concrete results in the ongoing intergovernmental negotiations on Security Council reform, by the end of the current session of the UN general assembly. The ministers agreed that terrorism constitutes one of the most serious threats to international peace and security, hinders the enjoyment of human rights, and undermines social and economic development of democratic societies. The leaders urged all UN member states to urgently conclude and adopt the Comprehensive Convention on International Terrorism. Referring to the issue of Climate Change, the ministers reiterated the importance of working towards the establishment of an equitable outcome for the current climate change negotiations at the 17th Conference of the Parties (COP 17) to the United Nations Framework Convention on Climate Change (UNFCCC) and the 7th Meeting of the Parties (CMP7) to the Kyoto Protocol to be held in Durban, South Africa in Nov-Dec 2011. The ministers reaffirmed their commitment to an open, transparent and rule-based international trading regime and called for an early conclusion of the Doha Development Round with a balanced outcome which ensures the development needs of the developing countries, especially the least developed countries. They renewed their support for global nuclear disarmament and nuclear non-proliferation and for the complete, non-discriminatory and verifiable elimination of all weapons of mass destruction, including nuclear weapons, within a specified timeframe. The 8th IBSA Trilateral Commission Meeting next year will be held in South Africa. India-Brazil-South Africa Dialogue Forum Seventh Trilateral Commission Meeting Ministerial Communiqué
March 2011
E-NEWSLETTER OF THE EMBASSY OF INDIA, PARAMARIBO
India to set up 15 mega food parks By IANS, Mumbai : The Indian government has approved funds for establishing 15 mega food parks across the country, an official said Monday. Speaking at the two-day Food Forum 2011, Food Processing Secretary Ashok Sinha said: "We are setting up 15 mega food parks initially out of the 30 planned during the 11th Plan. These parks will provide state of art infrastructure for food processing sector." "The central government has already approved Rs 50 crore worth grant for each park," he added. Sinha also expressed his concern over the severe food crisis the whole world is reeling under and the loss of produce due to lack of storage. "India loses a significant quantity of her harvested produce worth approximately Rs.30,000 crore annually. This staggering loss is severely affecting India's agribusiness as well as agroeconomy," he said. "It is essential, therefore, to build sustainable supply chains, which will link the farmer to the processing and marketing centers. The development of an integrated system of post harvest technology and cold chain management is inevitable," he added. Atul Singh, chairman Food Forum India, in his welcome address, highlighted the tremendous growth opportunities in the food industry because of expansion of the middle class and the youth population. "India is a large economy and with the change in consumer preferences, there will be a huge demand for packaged food and beverages. Thus, innovation in the food sector needs to continue," he said.
Economy & Investment FIIs allowed to invest $20 b more in bonds of infrastructure cos The Hindu Business Line: New Delhi: In keeping with its thrust on infrastructure development and
also deepening the corporate debt market, the Centre has hiked the foreign institutional investors (FII) investment limit in corporate bonds to $40 billion. It represents an increase of $20 billion over the earlier limit of $20 billion under this window. The additional limit of $20 billion will be available to FIIs only for investments in corporate bonds issued by companies in the infrastructure sector, the Finance Minister, Mr Pranab Mukherjee, said in his Budget speech. Also, the investments would have to be made in bonds with residual maturity of over five years. This move would in effect take the overall limit for FII investment in corporate bonds of companies in the infrastructure sector to $25 billion. Prior to this announcement, the total FII investment limit in corporate bonds was pegged at $20 billion, including a $5-billion sub-limit for bonds with a residual maturity of over five years and issued by companies in the infrastructure sector. Meanwhile, Mr Mukherjeeday announced that FIIs would also be permitted to invest in unlisted bonds with a minimum lock-in period of three years. This is being allowed as most of the infrastructure companies are organised in the form of special purpose vehicles, it was pointed out. However, the FIIs will be allowed to trade among themselves during the lock-in period. To enable higher FII investment flows into the corporate debt market, the Centre had in January 2009, at the peak of the financial crisis, raised the FII investment cap in corporate bonds to $15 billion from $6 billion. This limit was further hiked by $5 billion in September 2010 but with a rider that this incremental limit be invested in securities with a residual maturity of over five years issued by companies in the infrastructure sector. This move was intended to ensure greater participation of FIIs on a longer term basis and also enable the flow of long-term resources to the infrastructure sector.
India in top 10 manufacturers list The Economic Times: New Delhi: India was amongst the top 10 manufacturers in 2010 and together with Brazil and China accounted for a third of the world manufacturing output, up from one-fifth 10 years ago, said a United Nations report. "India is listed as one of the top 10 manufacturers of the world in 2010," the international yearbook of industrial statistics 2011, published by the United Nations Industrial Development Organisation (UNIDO) said. India along with other leading developing economies such as Brazil and China showed strong performance in economic growth in 2010 and the manufacturing value added of all these countries grew by over 10% last year, the agency said. The share of these three countries in world manufacturing output reached 32% compared to 20% 10 years ago, the report, released in Vienna on Thursday, added. World manufacturing value added, or MVA, rose 5.3% in 2010, as per the agency's estimate. The MVA of industrialised countries was up 3.4% in 2010. India topped developing countries (excluding China) in production of textiles, chemical products, basic metals, general machinery and equipment, and electrical machinery. It overtook Brazil in the production of motor vehicles and now ranks second among developing countries after Mexico. However, its Asian competitors Thailand, Malaysia and the Philippines are ahead in the production of electronic goods such as computers and office equipment, radio, television and other communication equipment.
SBI becomes carbon disclosure project signatory Business Standard: Mumbai: State Bank of India (SBI), the country’s largest lender, on February 21 became a signatory investor in the Carbon Disclosure Project (CDP), a collaboration of over 550 global institutional investors with assets under management of $71 trillion. CDP is an independent not-for-profit organisation, holding the largest database of primary corporate climate change information in the world. Over 3,000 organsations across the world’s largest economies measure and disclose their greenhouse gas emissions and climate change strategies through CDP. These disclosures aid them in setting reduction targets and make performance improvements. SBI, on its part, has been undertaking several environmentally and socially sustainable initiatives through its 14,000 plus branches spread across the length and breadth of the country. The bank also enunciated a ‘Green Banking Policy’, as early as in 2007. “Our bank was the first in the entire banking, insurance and financial services sector to have conceptualised and owned wind farms for generation of green power to part substitute consumption of thermal power by its offices in India and we have already launched a project to measure and manage organization level foot print to achieve carbon neutrality." On SBI becoming a signatory of CDP, Paul Simpson, CEO of CDP said, “We are delighted to welcome the financial powerhouse, SBI, as a signatory. As much of the world’s economic recovery will now come from rapid growth in emerging economies like India, it was crucial for us to have a strong partner like the SBI to promote the truly global fight for sustainable development." "We are pleased that SBI has become a signatory, as this conveys a strong message to the Indian finance sector and the strategic role it can play in promoting a sustainable future," said Ravi Singh, Secretary General and CEO of WWF-India. "Being a major bank in the country, SBI stands to become a great catalyst in encouraging the adoption of sustainable strategies by both - businesses and the financial sector. We congratulate SBI on becoming a signatory to CDP; this is a very important milestone for the initiative in India” said Seema Arora, Principal Counsellor & Head of CII-ITC Centre of Excellence for Sustainable Development. Each year, on behalf of signatory investors, the CDP collects climate change and carbon emissions data from over 5,000 large companies globally, which include the top 200 companies in India listed on the National Stock Exchange (NSE). Over 550
Mukesh Ambani on Bank of America board, first nonAmerican member The Economic Times : Mumbai: Billionaire Mukesh Ambani, chairman of India's most valued company Reliance Industries or RIL, has joined the board of the Bank of America Corporation, the largest US lender by assets. Mr Ambani's nomination will be ratified at the bank's annual meeting of shareholders. "Bank of America's shareholders will benefit from the global perspective Mr Ambani brings to our board," Bank of America's chairman Charles O. Holliday, Jr was quoted as saying in a press statement issued late Wednesday evening, Indian time. "It is a privilege and a great honour for me, as the first non-American citizen to join the board of one of the world's largest financial institutions" said Mr Ambani. RIL shares rose 0.8% to close at Rs 1,045 on the BSE on Wednesday. The announcement came after market hours. Mr Ambani, who figured among the top 10 on the Forbes billionaire list in 2011, owns RIL, India's largest private business enterprise with $44.6 billion in annual revenues and over $70 billion in market capitalisation. RIL operations encompass production and exploration of oil and gas. It also runs a refinery at Jamnagar, Gujarat which is said to be the world's largest at a single location. It also has a petrochemical business and a fledging retail operation with around 1,000 stores. RIL recently announced that it was entering into a joint venture with British Petroleum that operate various oil refineries and has assets in India. BP will own 30% of the assets. The group also has licences to offer fast internet access using wireless to all parts of India.
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institutional investors - ranging from pension fundsand insurance companies like Allianz and Swiss Re to blue chip banks and asset managers such as Black Rock, HSBC, Goldman Sachs and Morgan Stanley - are signatories to the CDP. In India, investors such as HDFC Bank, IDBI, IDFC, Reliance Capital, Tata Capital, IndusInd Bank and Yes Bank have also become signatories. CDP sends an annual letter and questionnaire on behalf of these financial institutions to the top 200 Indian companies by market capitalization. In 2010, 51 Indian companies responded to the questionnaire. In the disclosure, Indian companies reported on their carbon emissions data, reduction targets, associated risks and opportunities and increasing board level managerial resources in spearheading the execution of climate change strategies within their organisations.
Exports cross $200-bn mark in April-Feb, beat govt estimate Business Standard: New Delhi: Maintaining a steady growth momentum, India’s merchandise exports touched $208.2 billion in the April-February period of the current financial year, already exceeding the government’s target of $200 billion for the entire financial year. In February, exports rose 49.8 per cent to $23.60 billion, while imports rose to $31.70 billion, up 21.2 per cent over the same period last year. The trade deficit in February rose marginally to (-)8.1 billion from (-)8 billion in January. “The balance of trade is expected to be somewhere between $105-115 billion for the financial year,” Commerce Secretary Rahul Khullar said, while releasing the initial estimates. The figures are subject to change once the official data is released on April 1. Khullar also said exports for 2010-2011 would be in the range of $230-235 billion, while imports are expected to cross $350 billion. “In exports, we can see that the basket is getting increasingly dominated by petroleum products, gems and jewellery, chemicals and engineering goods. In the next three to five years, India needs to capitalise on these sectors,” Khullar said. During April-February, 2010, exports of gems and jewellery, engineering products, petroleum, readymade garments, pharmaceuticals, plastics and carpets, fared well. Exports of engineering goods soared by a whopping 81 per cent to $52.7 billion in the AprilFebruary period. Carpet exports from India are set to surpass $1 billion for the first time, Khullar said. Products which recorded a cumulative rise in imports in the first 11 months of the current financial year were oil, gems & jewellery, gold & silver, fertilisers, machinery, electronic goods, chemicals and coal. “The current account deficit is going to be 2.5-2.8 per cent of GDP. A lot of it will depend on net services and remittances, which might be impacted due to the influx of workers from the Middle East (West Asia),” Khullar said. The government had recently raised serious concerns over the rising current account deficit. The ministry of commerce and industry had floated a discussion paper which sought an effective mechanism to accelerate exports and raise their worth to $450 billion by 2014. The government had also offered a plethora of benefits to boost exports in Budget 2011-12, including a refund mechanism for service tax, creation of leather clusters across the country, reduction of duties, excise duty cut and a cut in transaction costs.
Forex reserves rise $1.8 b to $302.59 b The Hindu Business Line: Mumbai: The country's foreign exchange reserves have gone up by $1.807 billion to $302.593 billion for the week ended March 4, according to the Weekly Statistical Bulletin released by the Reserve Bank of India. The reserves have gone up for the third consecutive week. In the earlier week ended February 25, forex reserves increased by $158 million to $300.786 billion. In the week under consideration, foreign currency assets increased by $1.548 billion to $272.964 billion. The increase in reserves is mainly on account of currency revaluation. Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as the euro, sterling and yen, held in reserves. The euro had gained against the dollar leading to reserves denominated in euro being re-valued at higher levels. The euro moved up from $1.384 at the beginning of the week to $1.388 on March 4. The country's reserve position at the IMF also increased by $12 million to $2.282 billion. Gold reserves also increased by $219 million to $22.143 billion, while SDRs went up $28 million to $5.204 billion.
World's first carbon foam battery unit comes up in Gujarat The Economic Times: Ahmedabad: The world’s first facility to manufacture carbon foam batteries will be set up at Bavla near Ahmedabad. Firefly Energy India is planning to build a plant to produce carbon foam batteries at an investment of Rs 125 crore, the company’s chairman Mukesh Bhandari said. The promoters of furnace maker Electrotherm acquired the US battery maker, Firefly Energy, in October 2010 along with its patented technology. Firefly Energy India will start production of carbon foam batteries, which are environment-friendly and have longer discharge cycles, by June. The Ahmedabad plant will have an initial capacity of three lakh batteries of one kilo watt hour per annum. “About 20% of the production would be exported, while the rest will be used for electric vehicles, UPS, telecom, and locomotives,” said Firefly Energy India chairman Mukesh Bhandari. “Carbon foam battery will be a game changer in the battery industry,” he said. The batteries will have multiple applications in locomotives, power stations, UPS, automotives, and telecom towers. Carbon foam batteries will command a premium owing to its high-end applications, he said, but the company is yet to work out the pricing. Firefly developed the carbon foam batteries technology a decade ago in the US, but the technology will be commercialised now, he added. Unlike conventional lead acid batteries, carbon foam batteries are designed to take deep discharge cycles and can last for up to 1,200 cycles, thrice the life of the former, said Firefly’s chief technical officer Kurt Kelley.’ Apart from being light weight, these batteries can withstand extreme weather conditions, have rapid recharge capability, and are 98% recyclable owing to high density of carbon, he said. Firefly is planning to tap the `7,000-crore organised energy storage market in India which is growing at 25%, said Bhandari. Recently, Electrothem developed alpha-weaver technology-based batteries to power electric scooters. The company also set up a lead acid battery plant in China for use in its e-bikes. The acquisition of Firefly Energy will help the company consolidate its battery business in India, Bhandari said. March 2011
E-NEWSLETTER OF THE EMBASSY OF INDIA, PARAMARIBO
DOING BUSINESS WITH INDIA Food Industry According to a report published by market research firm RNCOS in April 2010, titled ‘Indian Food and Drinks Market: Emerging Opportunities’ the Indian food and beverages market is expanding rapidly and is projected to grow at a compound annual growth rate (CAGR) of about 7.5 per cent during 2009-13 and would touch US$ 330 billion by 2013. The food retail industry, currently at US$ 70 billion is predicted to grow more than double to US$ 150 billion by 2025, according to KPMG, a global audit and advisory firm. India’s food retail industry is poised for exponential growth. With the evolution of innovative food processing capacity and the emergence of organized retail, change in consumption patterns along with fast changing demographics and habits is fuelling the next growth trajectory for the food industry in India. The Indian fast food market is growing at an annual rate of 25-30 per cent, according to a report published by market research firm RNCOS in September 2010, titled ‘Indian Fast Food Market Analysis’. Foreign fast food chains are aggressively increasing their presence in the country. For instance, Domino’s has planned to open 60-65 outlets every year for the next three years (2010-2012) while Yum Brands Inc is also preparing for massive expansion across the country with plans to open 1000 fast food outlets by 2015. Exports Exports of agricultural products from India are expected to cross around US$ 22 billion mark by 2014 and account for 5 per cent of the world’s agriculture exports, according to the Agricultural and Processed Food Products Export Development Authority (APEDA). Exports of floriculture, fresh fruits and vegetables, processed fruits and vegetables, animal products, other processed foods and cereals stood at US$ 7,347.07 million in 2009-10, according to DGCIS annual data published by APEDA. Moreover, India exported schedule products, floriculture and seeds, fruits and vegetables, processed fruits and vegetables, livestock products, other processed foods and cereals worth US$ 1.77 billion between April-June 2009-2010, according to APEDA. Spices The export of spices and spice-based value added products during April-August 2010 increased 13 per cent in volume and 19 per cent in value terms. The increase in dollar terms was 25 per cent. According to the latest estimates of the Spices Board, a total of 239,850 tonnes, valued at US$ 564.85 million, was exported as against 211,950 tonnes valued at US$ 450.50 million in April-August 2009. Fishery The Indian Fisheries occupies third position in global scenario in terms of production of fish which is 4.4 per cent of global fish production. The contribution of fisheries sector is 1.10 per cent to the total GDP and 5.3 per cent to the agricultural GDP. Fishery sector has emerged as the largest group in agricultural export of India with quantity of 5.20 lakh tonnes and value of US$ 1.78 billion, respectively. The sector employs 14.0 million of the population. Food Processing In order to further grow the food processing industry, the Ministry of Food Processing Industries (MOFPI) has formulated a Vision 2015 action plan under which specific targets have been set. This includes trebling the size of the food processing industry, raising the level of processing of perishables from 6 per cent to 20 per cent, increasing value addition from 20 per cent to 35 per cent, and enhancing India’s share in global food trade from 1.5 per cent to 3 per cent. According to Mr Subodh Kant Sahai, Union Minister for Food Processing Industries, the Central Government is envisaging an investment of US$ 21.9 billion in the food processing industry over the next five years, a major chunk of which it plans to attract from the private sector and financial institutions. Moreover, the food processing sector has grown from 6 per cent a year ago to 14.9 per cent in 2010, according to Mr Sahai. The Minister further said that at present the country was processing 10 per cent of the total food produce and aimed to enhance it to 20 per cent by 2015. Exports are also targetted to increase from 1.5 per cent to 3 per cent. Furthermore according to Mr Sahai, foreign direct investment (FDI) in food processing is likely to rise 27 per cent to US$ 264.6 million in 201011. "This year, FDI is expected to cross Rs 1,000 crore and touch Rs 1,200 crore," Sahai said on the sidelines of the second national conference of the National Meat and Poultry Processing Board (NMPPB) in New Delhi in May 2010. The cumulative FDI received by the food processing industry from April 2000-September 2010 stood at US$ 1,102.03 million, according to data released by the Department of Industrial Policy and Promotion (DIPP). Beverages According to a report published by market research firm RNCOS in August 2009, titled "Indian Non-Alcoholic Drinks Forecast to 2012", the Indian non-alcoholic drinks market was estimated at around US$ 4.43 billion in 2008 and is expected to grow at a CAGR of around 15 per cent during 2009-2012. As per the report, the fruit/vegetable juice market will grow at a CAGR of around 30 per cent in value terms during 20092012, followed by the energy drinks segment which will grow at a CAGR of around 29 per cent during the same period. Major investments Some of the major investments in the industry are: • Chennai-based FMCG company CavinKare is planning to invest around US$ 109.50 million over the next two years in various expansion plans, including a greenfield facility for namkeen at Thane, cool drinks in the North and others. • Nestle, the fast moving consumer goods major, plans to invest US$ 50.49 million to set up its first research and development (R&D) centre in India at Manesar in adjoining Gurgaon district. The facility will be made operational by July 2012. • Packaged consumer goods company GlaxoSmithKline Consumer Healthcare (GSKCH) plans to invest over US$ 64.87 million on repositioning milk food drink Horlicks as the company’s umbrella brand. • Yum! Restaurants India, the operator of the Pizza Hut , KFC and Taco Bell restaurant chains, plans to invest US$ 100 million to more than treble the number of eateries it operates across the country to 1,000 by 2015, said Niren Chaudhary, Managing Director, Yum! Restaurants India. • FieldFresh Foods , joint venture of the Bharti Enterprises and Del Monte Pacific Ltd, has inaugurated their Research and Development and manufacturing facility in Hosur, Tamil Nadu at an investment of US$ 25.93 million. • Agri solutions provider Buhler India plans to invest US$ 22.55 million in an integrated manufacturing unit and other expansion projects in the next four years, in line with its plans to achieve US$ 225.49 million turnover by 2014.
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Soft drinks and snacks major Pepsico is planning to invest US$ 500 million in India in the next two years. Atlanta-based Coca Cola Company plans to invest up to US$ 120.75 million to set up a new bottling plant in Karnataka, India. Government Initiatives • The Centre has announced a series of new initiatives which include a separate policy at the state level, thrust on contract farming and making the sector tax-free. • The government plans to open 30 mega food parks by the end of the 11th Five Year Plan (2007-2012). • In the Union Budget of 2010-11, the government has announced setting up of five more mega food park projects in addition to the ten already being set up. Moreover, external commercial borrowing will be made available for cold storage or cold room facility including for farm level pre cooling, for preservation or storage of agriculture and allied produce, marine products and meat. As per information published on MOFPI • Income Tax rebate is allowed, 100 per cent of profits for 5 years and 25 per cent of profits for the next 5 years, for new industries to process, preserve and package fruits and vegetables. • Excise duty on ready to eat packaged foods and instant food mixes has been brought down to 8 per cent from 16 per cent. • Excise duty on aerated drinks has been reduced to 16 per cent from 24 per cent. Looking ahead According to an industry body and E&Y study on the Indian food industry called 'Flavours of Incredible India – Opportunities in the Food Industry', published in October 2009, investment opportunities in the Indian food industry are set to shoot up by a huge 42.5 per cent to US$ 181 billion in 2015 and to US$ 318 billion by 2020. Exchange rate used: 1 USD = 46.95 INR (as of August 2010) Disclaimer: This information has been collected through secondary research.
FEATURE: Green India Mission – A Way to Enhance ECO-Systems Kalpana Palkhiwala* The National Mission for a Green India is one of the eight Missions under the National Action Plan on Climate Change. The Green India Mission recognizes that climate change phenomena will seriously affect and alter the distribution, type and quality of natural resources of the country and the associated livelihoods of the people. GIM acknowledges the influences that the forestry sector has on environmental amelioration though climate mitigation, food security, water security, biodiversity conservation and livelihood security of forest dependent communities. The Key Innovations are the focus on quality of forests, ecosystem services, democratic decentralization, creating a new cadre of Community Youth as Foresters, Adoption of Landscape-based Approach and Reform Agenda as conditionality. Total Mission Cost is Rs 46,000 crore for a period of 10 years covering both Centre and States. GIM puts the “greening” in the context of climate change adaptation and mitigation, meant to enhance ecosystem services like carbon sequestration and storage (in forests and other ecosystems), hydrological services and biodiversity; along with provisioning services like fuel, fodder, small timber and NTFPs. It will focus on quality of forests, ecosystem services and create a new cadre of community youth as foresters, adoption of Landscape-based Approach and Reform Agenda as conditionality. The primary focus will be on improving density of forest cover, emphasizing on biodiversity, water and improved biomass, Carbon sequestration as co-benefit and addressing ecosystems like grasslands, wetlands, urban and peri-urban. Gram Sabha will be treated as overarching institution to facilitate implementation of the Mission activities at village level, nested as Polycentric Approach. A new cadre of community youth as foresters will build a skilled cadre of young “community foresters” from scheduled tribes and other forest dwelling communities. Interventions at scale (5000-6000 hectares) at a time, simultaneous treatment of forest and non forest areas and key drivers of degradation will be addressed under Adoption of Landscape-based Approach. GIM’ aim is to respond to climate change by a combination of adaptation and mitigation measures, which would help to enhance carbon sinks in sustainably managed forests and other ecosystems; adaptation of vulnerable species/ecosystems to the changing climate; and forest dependant local communities in the face of climatic variability.
Mission Objectives It plans to Increase forest/tree cover on 5 m ha of forest/non-forest lands and improved quality of forest cover on another 5 m ha (a total of 10 m ha), improve ecosystem services including biodiversity, hydrological services and carbon sequestration as a result of treatment of 10 m ha, increase forest-based livelihood income for 3 million forest dependent households and enhance annual CO2 sequestration of 50-60 million tonnes by the year 2020
Mission Organization The Mission will implement its strategy through a set of 5 Sub-Missions and cross-cutting interventions at National level, an autonomous society under MEF with an inclusive governing council, the mission to develop systems for highest degree of accountability will work. At State and District Levels, State Forest Development Agency (SFDA) and District FDA linked to District Planning Committee will be revamped. Gram Sabha and its Committees will work at village Institutions level and in Urban Areas, Ward level Committees /RWAs with support from Municipal organizations and the Forest Departments. Monitoring will be done at 4 levels, namely self Monitoring by community and field staff, Remote Sensing and GIS, third party monitoring by key indicators . The actual implementation period of the Mission would spread over 10 years, coinciding with the 12th and 13th five year plan period. The Action Plan for the year 2011-12 is the preparatory year of the Mission. The Draft Green India Mission document was put on website for comments on 23rd May 2010.The draft was made available in 11 languages. 7 regional consultations were organized over a month and a half from 10th June to 15th July in Guwahati, Dehradun, Pune, Bhopal, Jaipur, Vizag and Mysore. Over 1450 people participated in the consultations and thousands of mails were received from Panchayats, community groups, academia, researchers, schools, government agencies, private sector, media and concerned citizens. The revised document was approved by the Prime Minister’s Council on Climate Change with certain observations. *Deputy Director (M&C), Press Information Bureau, New Delhi. 6
February 2011
E-NEWSLETTER OF THE EMABASSY OF INDIA, PARAMARIBO
EVENTS Indian Cultural Centre, Paramaribo INDIAN CULTURAL CENTRE, PARAMARIBO – CALENDAR FOR April 2011 ‘KRIYA YOGA SESSION’ Sunday, 3rd April 2011 Morning: (0700 to 0830 hrs and 1100 to 1230 hrs.) Evening: (1800 to 1930 hrs.) Venue: Yoga Hall, ICC, Paramaribo ‘THE POWER OF BHAKTIYOGA FOR THE WELLBEING OF MANKIND’ (In collaboration with OHM by Mr. Sham Bihari Sharan Bansi) Monday, 4th April 2011 (1900 to 2030 hrs.) Venue: Yoga Hall, ICC, Paramaribo ‘ADHUNIK KAVYA’ HINDI WORKSHOP Wednesday, 6th April 2011 (1800 to 1900 hrs.) Venue: Hindi Class, ICC, Paramaribo ‘BAISAKHI’ (Performance by local artists of Suriname) Thursday, 14th April 2011 (1900 to 2030 hrs.) Venue: Yoga Hall, ICC, Paramaribo ‘ AYODHYA KAND RAMAYANA ’ Fridays, 15th & 29TH April 2011 (1700 to 1830 hrs.) Venue: Hindi Class, ICC, Paramaribo ‘INDIAN COOKERY CLASS’ Wednesday 20th April 2011 (1700 to 1800 hrs.) Venue: ICC , Paramaribo ‘DISTRIBUTION OF’ HINDI RATNA DEGREE CERTIFICATES’ & a Cultural Programme Monday, 25th April 2011 (1900 to 2030 hrs.) Venue: Yoga Hall, ICC, Paramaribo
CERTIFICATE AND PRIZE DISTRIBUTION OF WORLD HINDI DAY COMPETITIONS In connection with the World Hindi Day 2011, a function to distribute certificates and prizes was organized at Yoga Hall, Indian Cultural Centre, Paramaribo, on 4th February 2011, wherein the prizes to the second/third winners of various Hindi competitions of districts Saramacca, Wanica, Paramaribo and Commewijne were distributed by the Ambassador of India Shri Kanwaljit Singh Sodhi. On this occasion, Hindi students presented Hindi programmes like Hindi poetry recitation, presentation of Hindi Nibandh (Essay), Hindi skit etc. In all, 32 prize winners were distributed certificates and gifts.
____________________________________________________________________________________________________ LECTURE ON YOGA AND AYURVEDA A lecture on Yoga and Ayurveda was conducted by ICC, Yoga Teacher at Indian Cultural Centre, Paramaribo on 8th February in which, she explained the basics of Ayurveda especially Vata, Pitta, Kapha concepts and how Yoga can help to balance Tridoshas.
VASANT UTSAV Vasant Utsav was celebrated at Indian Cultural Centre on 8th February 2011. It is also celebrated as a day Saraswati Puja. Students of Vocal Music class wore yellow coloured dresses and sang ‘Saraswati Vandana’ in Raag – Bhairavi, a Semi – classical song on Basant, light songs, classical Raag – Basant etc. The Hindi poems relating to Vasant were recited by Hindi students of ICC and a Yoga meditation programme was presented by the ICC Yoga teacher. At the end of the programme, certificates to students who successfully completed vocal music beginner’s exam were distributed by the Ambassador KJS Sodhi.
TALK ON AYODHYA KAND RAMAYANA A talk on Ayodhya Kand Ramayana was delivered by Dr. S.K. Jha, Hindi Teacher ICC on Fridays 11th and 25th February. Around 35 students and Pandits attended the programme which included recitation of Hanuman Chalisa, Chaupaiyan’s, Ram Bhajans and Dohas, short stories on moral values, etc. During the programme the topic of Ram-Bharat Milan at Chitrakoot which is the best example of brotherhood in Indian culture was explained. Poetic pronunciations of Shlokas (mantra) were also taught to the students.
VALENTINE’S DAY (Yoga) Valentine’s Day was celebrated on 14th February by organizing special sessions on Yoga in the morning and evening at Yoga Hall, Indian Cultural Centre. During the sessions, the Yoga Teacher, ICC taught the participants to help each other with positive spirit in performance of the yoga asanas which strengthen the interpersonal relations among the students. The students gave compliments to each other and shared their experiences during the practice sessions.
‘LECTURE ON HEALTH AND ASTANG YOGA’ Thursday, 28th April 2011 (1630 to 1800 hrs.) Venue: Yoga Hall, ICC, Paramaribo ‘YOGA SESSION’ Thursday, 28th April 2011 (1830 to 1930 hrs.) Venue: Yoga Niketan Centre, Paramaribo
INDIAN COOKERY CLASS (DAAL) A demonstration of an Indian dish ‘Daal’ was given at the monthly cookery class organized at the Indian Cultural Centre on 16th February. Around 50 local ladies attended the class and appreciated the preparation. The recipe and method of preparation were explained and after that dish was served to all the invitees.
‘YOGA SESSION’ Friday, 29th April 2011 (1800 to 1900 hrs.) Venue: Vitkijk, Saramacca
PRESS MEET FOR MAHINDER KAPOOR RUNNING TROPHY 2011 A Press meet was organized by the Indian Cultural Centre, Paramaribo on 18th February 2011 at 11.00 a.m. to introduce launch of Mahendra Kapoor Running Trophy of Vocal Indian Music Competition. The legendry singer Mahendra Kapoor had visited Suriname in 2002 and had gifted the Running Trophy to promote Indian vocal music in Suriname. The Trophy was received in 2003. At the press meet, the format and details of the competition were explained and judges for the competition introduced. Mr. Fullington, who was nominated as the head of the judges panel, also spoke on the occasion. The Grand Finale of the Running Trophy is scheduled on 13th of March 2011 at Thalia theatre, Paramaribo.
AUDITIONS FOR MAHINDER KAPOOR RUNNING TROPHY 2011 An audition round of Mahendra Kapoor Running Trophy was organised at ICC on 19 February. There were two categories Junior (from 12 to 20 years) and Senior (above 20 years). Thirty-three participants took part in both the categories, out of which 17 were selected by the panel of judges (there were 6 renowned personalities of music in Suriname as judges) for the final round, which is going to be held on 13th March 2011 at Thalia Theatre.
BIRTH ANNIVERSARY OF MAHAKAVI NIRALA The birth anniversary of Mahakavi Suryakant Tripathi ‘Nirala’ was celebrated on 21 February at the Hindi room at Indian Cultural Centre, Paramaribo. On this occasion various aspects of Nirala’s life and literature and his great contribution for Hindi language were described by Hindi Teacher, ICC Dr. S.K. Jha. The programme was presided over by Director, ICC Shri Sunil Bhalla. During the programme, Vandana ‘Veena Vadini Varade’ written by Nirala was sung by ICC vocal music students.
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E-NEWSLETTER OF THE EMABASSY OF INDIA, PARAMARIBO
YOGA SESSION AT YOGA NIKETAN CENTRE A Yoga session cum lecture was conducted by Yoga Teacher, ICC Ms. Suchint Kaur Sodhi on 24 February at Yoga Niketan Centre, Paramaribo to the Yoga practitioners to make them aware of different types of Yoga (Karm Yoga, Gyan Yoga, Bhakti Yoga and Hath Yoga). The Yoga Teacher explained to the participants the details of yoga like cleansing practices, Asnas, Pranayam, Meditation and how all these practices are helpful in maintaining a positive health.
LECTURE ON TRADITIONAL AND MODERN CONCEPTS IN YOGA A lecture on traditional and modern concepts of yoga was given by Yoga teacher, ICC Ms. Suchint Kaur Sodhi on 24 February to students of beginners group to make them aware of the different types of Yoga (Karm Yoga, Gyan Yoga, Bhakti Yoga and Hath Yoga). The Yoga Teacher explained to the participants the details of yoga like cleansing practices, Asnas, Pranayam, Meditation and basics of Patanjali Yog Sutras. Around 80 students attended the above lecture.
BIRTH ANNIVERSARY OF MAHARISHI DAYANAND SARASWATI The birth anniversary of Maharishi Dayanand Saraswati was celebrated in Arya Dewakar Mandir, Paramaribo by Arya Dewakar Samaj, Suriname in collaboration with Indian Cultural Centre. During the programme life of Maharishi Dayanand Saraswati and his great contribution for refinement in Arya Sanskriti, Indian society and education was described by Hindi Teacher, ICC Dr. S.K. Jha. Three Bhajans were also performed by the ICC Vocal Music teacher Smt. Madhumita Bose and music students of Indian Cultural Centre, on this occasion.
NOTICE DUE TO UNAVOIDABLE REASONS, THERE WILL BE NO SCREENING OF BOLLYWOOD MOVIE CLUB MOVIE ON 3 April, 2011 AT THE DE PAARL THEATRE, PARAMARIBO
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TRADE ENQUIRIES List of Commercial Inquiries Received from India, in January 2011
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Apoorva C.Parikh Executive SPG Group of Companies. Mumbai E-mail: apoorvaparekh@spg.net.in Website: www.spg.net.in Priya Thayaprabhu PriyaInternational Exports, No. 69, Vivekananda Nagar, Thiruvalluvar Nagar, Thiru Nagar, Madurai,Tamil Nadu, Mob:+91-8105613307 E-mail: priyainterexport8@yahoo.com Deepak Aggarwal Director Mother Consumables Foods PVT LTD Kissan Compound 26/268 Sultanganj Agra-282004 Tel.: +91-562-6451230 Fax: +91-562-4004161 Mob: +91-9897049050 E-mail: kissanfoods@yahoo.co.in Hitesh Rajguru Global Exports. E-mail: saiglobalexport@gmail.com
Cotton Bales & Cotton Yarn
Aloe Vera and Building Materials
Pickles Range & Plain Noodles in the registered Brand Name “Krazy".
Readymade Garments, Menswear
Sanjay Gandhi Partner Super Impex 305, Adhyaru Ind. Estate, Sunmill Compound, Lower Parel, Mumbai 400013 Tel.: + 91-22-66340200/ 66615090/ 91 Fax : +91-22-66341933 E-mail : rakesh@superimpex.com Website: www.aceelectricals.com Online queries on Hotmail Chat account: super_impex@hotmail.com Ketan Munjani International Sales Manager Invent Bio-Med Pvt Ltd Tel: +91-90-16828579 E-mail: ketan@inventbio-med.com Website: www.inventbio-med.com Uday Bhanu Manager-Export KGL Impex Pvt. Ltd. 404-405, Sentinel, Hiranandani Business Park, Powai, Mumbai -400076 Tel.: +91-22-40057766/ 40059547-48 Mob: +91-9967765501 Fax: +91-22-40059546 E-mail: udaykgl@gmail.com Jay J. Shukla Business Development Executiv Kilitch Drugs Ltd. 37, Ujagar Industrial Estate, W.T. Patil Marg, Deonar, Mumbai – 400088 E-mail: ebd1@kilitch.com
Electrical Products And Accessories
Medical Equipment
Garments & Textiles
Finished Formulations
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E-NEWSLETTER OF THE EMABASSY OF INDIA, PARAMARIBO
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Vice President- International Trade Sarvpriya Exports Pvt. Ltd. Jindal Niryat Limited. KH. No. 58, Khera Kalan, Delhi – 110085 Tel: +91-11-27844376/ 27567842/ 27844372 Mob: +91-9810088920 E-mail: basmatirice@jinbros.com/ harish.joshi@jindalbrothers.in Website: www.jindalbrothers.com Manish Aggarwal Managing Director Pooja Forge Ltd. 14/4 Mathura Road, Faridabad – 121003 Tel: +91-129-4046809 Fax: +91-129-4046708/ 2270719 E-mail: gcdas@poojaforgeltd.com Website: www.poojaforgeltd.com Babu Bantipuli General Manager Business Development Exports Deluxe Scientific Surgico Pvt. Ltd. Desco House B-19, Ist Floor, Functional Industrial Estate I.P Extension, Delhi-110092 Tel.: +91-11-645722567/ 22157334/22157326/ 43012570 Fax: +91-11-22163093 Mob: +91-9582288155 E-mail: babubandari@gmail.com Deepak Agarwal Chromex Dyes E-mail: chromexdyes@gmail.com Website: www.chromexdyes.co.in Pramod Jain Managing Director Pravik Minerals Ltd. 528, 4th Floor, Lodha Complex, Court Choraya, Udaipur -313001, Rajasthan Tel : +91-294-6450649 Fax: +91-294-2412528 Mob: +91-9636555004 E-mai : info@pravikminerals.com Website: www.pravikminerals.com skype : pravik.minerals K.L.A Padmanabhasa Joint Managing Director, Khoday Group of Industries Khoday Brothers International Limited E-mail: khodayintsd@yahoo.in Anuradha Singhai, Vice-President, Indo-European Chamber of Commerce & Industry, F-101, Raksha Towers, Kolar Road, Chunabhatti, Bhopal (MP)-462016 Tel.: +91-755-4270989 E-mail: info@iecci.com Website: www.iecci.com Rana’s 1, Ganpati Plaza, MI Road, Jaipur(Raj.) 302001 Tel: +91-141-4010100 E-mail: ranasaree@hotmail.com Website: www.ranas.co.in Bhavesh J. Shah SEEPZ Gems &
Basmati Rice
Precision Cold Forged Automotive Steel Fasteners
Medical Equipments And Consumables, Laboratory Equipments, Consumable, Chemical, Reagents, Glassware And Plastic Ware, Educational, Teaching Kits And Supplies
Dyestuffs , Specialty Intermediates/ Chemicals , Pharma Intermediates/ Natural Food Colours
Mica Flakes, Calcium Carbonate, Loss Circulation Material, Calcite, Dolomite, Limestone, China Clay, Kaolin, Quartz, Feldspar, Graded Silica Sand Etc.
Whisky, Vodka, Brandy, Deluxe Rum and Beer Products.
Aluminium Composite Panels (Building Construction Materials)
High Fashion Ethnic Garments for Women & Men like Sarees, Suits, Lehengas for Women & Sherwanis, Kurtas for Men.
Precious Metal Jewellery
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Jewellery Manufacturers' Association Business Facilitation Centre, 3rd Floor, Office No.2, Behind SEEPZ Service Centre, SEEPZ Special Economic Zone, Andheri (East), Mumbai – 400 096 Tel: +91-22-28290541/ 28292109 Fax: +91-22-28291015 E-mail: sgjma@vsnl.net Puneet Kumar Tyagi Nimbus Automotive Pvt.L Td. E_mail: mail@nimbusautomotive.com / export@nimbusautomotive.com Website: www.nimbusautomotive.com
Automotives, Farm Equipments, incl. Tractors as well as Genuine Spare Parts of Vehicles manufactured in India by, Tata Motors, Ashok Leyland, Mahindra, Force Motors, New Holland Tractors, Escorts, Farmtrac, Powertrac Tractors, Mahindra Tractors, Swaraj Tractors, International Tractors (Sonalika), Eicher Tractors, Force Tractors, Tafe Tractors (Massey Ferguson Tractor), John Deere Tractors, Maruti Suzuki, Hyundai Motors, Bajaj Motor, Tvs, Herohonda, Kirloskar Engines, Cummins Engines.
BHARAT DARSHAN - BANARAS
Embassy of India Address: Dr. Sophie Redmondstraat No. 221, Post Box No.1329, Paramaribo, Suriname Tel: (0597) 498344/531448/531449 (General) Telefax: (0597) 491106/499382 Email: ambindia@sr.net; amb.paramaribo@mea.gov.in hoc.paramaribo@mea.gov.in Business Hours: The Embassy is open from 0800 hours till 1630 hours from Monday to Friday (except on holidays) and is closed on Saturday and Sunday. The Consular & Visa Section of the Embassy is open from 0900-1200 hours from Monday-Friday and is closed on Saturday and Sunday.
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E-NEWSLETTER OF THE EMABASSY OF INDIA, PARAMARIBO