newsletter april - Camere di Commercio

the
INDO-ITALIANChamber
of
C O M M E R C E
and
CONTENTS
Volume 2 Number 4
10 Per Cent Growth a Year
1
Exports to Create Employment
2
Slow Coach
2
100 Per Cent Growth in Coal Sector
2
Ratan Tata for FIAT Board
2
Annual Statement on Monetary Policy
2
Tariff Wars
3
India to Beat Hong Kong, Europe and
Australia
3
Export Units Can Claim CENVAT Refund
3
Liberalisation for Indian Overseas Investors
4
Diamonds are India’s Best Friend
4
Design Matters
4
Mutthi Bhar Euros
5
Muth Bhar Kavita
5
Monte dei Paschi in India
5
Indian Economy at a Glance
5
Italian Economy at a Glance
5
FINANCIAL TIMES
India Targets Media as Next Offshoring Market
6
Insurance Plans ‘Could Halve Europe’s
Jobless’
6
Invest Your Talent
7
Italian Chambers of Commerce Asia Area
and South Africa Meeting 2006
8
Made in India Italian Sports Car
8
VINITALY
8
Dress the Italian Way
9
A Day for Fashion and Design
9
Full of Promise
9
ForlÌ-Cesena Chamber of Commerce
9
Buona Sera, Italia
9
Star News Shoot
9
Italian Language Courses
10
Fiera Milano
10
Fairs in India
11
Business Enquiries
12
New Members
13
Our Desks and Their Representatives
14
The Indo-Italian Chamber of Commerce & Industry
502 Bengal Chemicals Compound
Veer Savarkar Marg
Prabhadevi
Mumbai 400 0025
I N D U S T R Y
40
Y E A R S
1966–2006
r
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New
April 2006
10 PER CENT GROWTH A YEAR
India aims to push annual economic growth to 10 per cent and pursue policies to boost
manufacturing output to create more jobs for its billion-plus people, Prime Minister
Manmohan Singh said optimistically at the annual meeting of the Confederation of
Indian Industry (CII) on 18 April. India, Asia’s third-largest economy, has expanded at
about 8 per cent for the past three years and the government wants to accelerate the
growth rate.
His comment came ahead of a central bank monetary policy statement [see p 2]
in which interest rates were left unchanged, surprising markets expecting a rise, stating
that inflation expectations were contained for now. The RBI forecast economic growth of
7.5–8.0 per cent for the fiscal year ending in March 2007. India recorded growth at 8.1
per cent in fiscal 2005–06, exceeding expectations.
Singh wants to boost the manufacturing output, which rose by 9.5 per cent in February
from a year earlier, faster than January’s 8.8 per cent growth and a 5.9 per cent rise in
December. He wants to create a policy framework that can deliver an annual rate of
growth of manufacturing output of at least 12 per cent. The rapid expansion is being
driven by surging domestic demand as consumers enjoy higher incomes and cheaper
credit, as also exports, which have been rising 20 per cent annually over the past three
years. Manufacturing accounts for about 16-17 per cent of the economy, not far behind
the 20 per cent average in developed countries, but less than half of China’s 40 per cent.
However, agriculture’s contribution to growth has declined. Its share of GDP has fallen
from half in the 1950s to barely 20 per cent. More workers are moving off farms to look
for jobs elsewhere and factories and production lines are becoming increasingly
important to soak up the excess as well as the 12 million new job-seekers every year.
Analysts said the government had relied heavily on the service sector, which accounts for
50 per cent of India’s GDP,
and would need to focus on
boosting manufacturing.
“We are in a situation where
there is rising
unemployment in the rural
areas. Most of them are lowskilled workers and they can
gain employment only in the
rural sector,” said D K Joshi,
an economist with credit
rating agency Crisil.
– REUTERS
INDO-ITALIANChamber
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of
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I N D U S T R Y
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EXPORTS TO CREATE
EMPLOYMENT
According to a study by Research &
Information System (RIS) for developing
countries, released by Commerce Minister
Kamal Nath on 7 April, if India achieves its
150-bn dollar exports target by 2009–10,
the total number of additional jobs created
would be 13.6 m. Of this, 8.157 m jobs
would be in direct incremental employment,
while 5.461 m jobs would be in indirect
ones, created through backward linkages
and in logistics.
However, if exports cross 165 bn dollars by
2009–10, 21 m incremental jobs could be
created. This would include 12.4 m direct
jobs and 8.632 m indirect jobs in exportrelated sectors, the RIS study projected.
The total employment in export sectors by
2009–10 would jump to 29.5 m or 36.9 m,
depending upon whether exports touch
150 bn dollar or 165 bn dollars.
India’s exports have already crossed 100
bn dollars in 2005–06, and the government
has set a target of 120 bn dollars in
2006–07. With an annual [exports] growth
rate of about 25 per cent, the country's
exports may well cross this target.
The study said that in 2004–05, exports
created 1.485 m incremental direct jobs.
This brought the total number of jobs
generated by exports to 9.006 m,
corresponding to the 80 bn dollars of
exports during 2004–05.
– PRESS TRUST OF INDIA
SLOW COACH
India, among the world’s fastest growing
markets today, continues to lag behind
many developing nations, including
Malaysia, Brazil and Thailand, in terms of
access to mobility. To start with, she is the
world’s second largest two-wheeler market
but her two-wheeler penetration is only 28
per 1000 people, while Taiwan has 566 twowheelers for every 1000 of population.
Of the estimated 80.94 million registered
vehicles that ply on Indian roads, twowheelers make up a whopping 73 per cent,
2
YEARS
1966–2006
commercial vehicles 14 per cent and
passenger vehicles the remaining 14 per cent.
In cars, India’s 7:1000 ratio may seem
better than China’s 6:1000 but it’s woefully
short of Malaysia’s 202:1000, Korea’s
186:1000 or even Thailand’s 46:1000.
If exports cross
165 bn dollars by
2009–10,
21 m incremental
jobs could be
created.
In terms of vehicle density, India has only
3.2 motor vehicles per kilometre. The
comparable figure for China is 12.6, for
Indonesia 16.8 and for Taiwan 159.2. In
terms of access to public transport, with
only 0.7 buses available per 1000, India is
behind China’s 6.7 but South Korea leads
with 26 buses per 1000 people.
– FINANCIAL EXPRESS
100 PER CENT GROWTH IN
COAL SECTOR
The government has allowed 100 per cent
FDI in the coal sector, to provide adequate
quantity of the fuel to core sectors like
power and steel as also non-core sectors,
Coal Minister Shibu Soren said on 19 April
at the Confederation of Indian Industries’
(CII) annual conference in New Delhi.
Admitting that corporate governance in
state-owned coal firms was an area of
concern, he said that in the past two years
hectic efforts were made to streamline
functioning of these companies and in the
appointment of independent directors. He
further added that the ministry’s move to
start an e-auction of coal has yielded good
results and brought transparency in the
tender process of coal companies. “Within
the limitations, we are trying to encourage
private participation for promoting
competition in the sector, with the objective
of providing best quality of coal to our
consumers,” he said.
– THE ECONOMIC TIMES
RATAN TATA FOR FIAT BOARD
The Agnelli family, the biggest shareholder
in Italian car maker Fiat SpA, wants to
induct Tata Motors Chairman Ratan Tata on
Fiat’s board as an independent director.
IFIL, an Agnelli investment company that
owns 30 per cent of Fiat, on 19 April, said
Tata’s name had been proposed as one of
the eight independent directors on the 15member board for 2006–08.
An IFIL statement from Turin said, “Having
taken note of the views expressed by the
Fiat board of directors, the stockholder, IFIL
– given that the stockholders' meeting will
be held this May 3 – proposed to establish
the number of members on the Fiat board
of directors at 15, with the majority having
the credentials for independence.” If Tata is
co-opted on the Fiat board, he will join a
small band of Indian CEOs on the boards
of large multinational corporations.
Tata Motors and Fiat had, in January this
year, announced the signing of an
agreement to share dealer networks, which
will encompass the sale of Fiat branded
cars through selected Tata outlets
throughout India. Tata Motors will manage
the marketing and distribution of Fiat cars in
India.
– BUSINESS STANDARD
ANNUAL STATEMENT ON
MONETARY POLICY
The Reserve Bank of India published its
annual statement on monetary policy for
2006–07 on 18 April. In it, the bank reiterated
its commitment to maintain a stable interest
rate regime, with a primary objective of
ensuring greater availability of credit for the
commercial sector at a lower rate of
borrowings. The bank has set a target
inflation rate of 55.5 per cent. The bank rate
remains unchanged at 6 per cent.
For a comprehensive analysis by ICRA, visit:
http://www.indiaitaly.com/Monetary%20Poli
cy-2006-07.pdf
INDO-ITALIANChamber
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TARIFF WARS
C O M M E R C E
and
I N D U S T R Y
40
YEARS
1966–2006
Speaking at a stakeholders’ meeting organised by the United
Nations Conference on Trade and Development (Unctad) in New
Delhi on 5 April, Director General, World Trade Organisation
(WTO), Pascal Lamy said that India had to reduce its applied
tariffs in industrial products if it wanted developed countries to
reduce industrial tariff peaks (unusually high tariffs on products of
interest to developing countries) and domestic subsidies in
agriculture.
Since the negotiations are taking place at the WTO on the bound
rates (maximum levels of tariffs committed to in the Uruguay
Round, which are much higher than the actual tariffs because of
autonomous reduction by India), India does not want the focus to
shift to the actual or applied rates. Mr Lamy maintained that the
current log-jam in the ongoing trade talks can be resolved only if
both developed and developing countries move. “The US has to
move on agriculture subsidies, Europe has to move on agriculture
market access,” Mr Lamy added.
India, however, retaliated with Commerce and Industry Minister
Kamal Nath pointing out that, since developed countries took
their time in developing their industries before opening up, India
could not be expected to act in haste. “We cannot compromise
the interest of our small-scale sector and infant industries,” he said.
WTO states have set the end of April as the deadline for draft
deals in farm and industrial goods as part of negotiations on a
trade pact aimed at boosting the global economy and lifting
millions out of poverty.
– FINANCIAL EXPRESS
INDIA TO BEAT HK, EUROPE AND AUSTRALIA
Farid Yunus, said that the stumbling block for 3G in India is not
the handset prices, but regulatory ambiguity on spectrum. ''We do
not favour India adopting a separate spectrum band for 3G, or
making subscriber-based spectrum allocations,'' he said. Yunus
pointed out 3G has not taken off in China because their spectrum
allocation did not match the globally adopted 3G frequency. A
subscriber-based allocation criteria would in turn be unique to India.
A survey on Enabling India’s Broadband Economy: The 3G Way,
conducted by the Yankee Group for the Confederation of Indian
Industries (CII), over the last two quarters of 2005, was released on
12 April. It states that India will adopt 3G [third generation wireless
technology] faster than Europe, Hong Kong or Australia. However,
this may lead into shelling out more for the triple-play services.
At least 200,000 Indians will be 3G subscribers by the end of 2006
itself and 21.3 million will use 3G by 2010. These 21 million users in
2010 will make up 23 per cent of the telecom sector’s revenues by
then and will be a sizeable 11 per cent of their subscriber base.
If both CDMA and GSM operators launch 3G this year, 0.2 per
cent of total mobile users or 0.3 per cent of the total urban mobile
users will have 3G phones within six months, the study states.
Yankee Group Senior Analyst for Wireless / Mobile in Asia-Pacific,
EXPORT UNITS CAN CLAIM CENVAT REFUND
The exporters of services and export oriented units (EOU) can
now claim refund of utilised Cenvat (Central Value Added Tax) credit
on account of exports without payment of excise duty or service tax.
The government has amended Rule 5 of Cenvat Credit Rules, 2004,
and also notified the procedures for claiming the refund.
The revised procedures (notification no.5/2006-CE (NT), dated
14 March 2006, are relevant for manufacturer exporters also.
When manufacturers export goods under bond or undertaking,
they do not pay duty on the exported goods.
Similarly, when service providers export, they do not pay service
tax. They are, however, allowed to retain the Cenvat credit of the
specified duties or taxes paid on the inputs or input services.
The rules allowed manufacturers to use unutilised credit on account
of export under bond or undertaking towards payment of duty on
Operators, however, will make a killing from 3G revenues, and
after 2006, no operator with 3G services will have to look back.
The revenues are expected to skyrocket from negligible until early
2007 to 23 per cent of overall revenues by 2010. By that time, the
average cost of 3G infrastucture will also be comparable with the
cost of installing base stations for today’s 2.5G and 2G
technologies. This, too, will be welcome for operators, whose
average per-user revenues are skidding from $9.50 per month in
2004, to below $5 by 2008.
– INDIAN EXPRESS
final products cleared for home consumption or for payment of duty
on final products cleared for export under a claim of rebate, or if
that was not possible, to claim a refund for the unutilised credit.
Now, service providers have also been allowed to use the
unutilised credit to either pay service tax on output service or
claim a refund. They should take note that “output service which
is exported” means the output service exported in accordance
with the Export of Services Rules, 2005.
They have to submit proof of realisation of export proceeds besides
other documents. The refund is not available if the manufacturers
claim drawback or rebate of duty or the service providers claim
rebate of taxes under the relevant rules in respect of such taxes.
Also, the service providers cannot use the credit of the new 4 per
cent CVD for payment of service tax on any output service. The
procedure requires submission of an application every quarter
3
INDO-ITALIANChamber
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claiming the refund from the jurisdictional Assistant/Deputy
Commissioner of Central Excise.
The application can be filed every month if the manufacturer or
service provider exports an average of more than 50 per cent in
value terms in the previous quarter.
Earlier, this facility was available only to manufacturers exporting
more than 75 per cent of production in value terms.
An interesting simplification in the new procedures is the
prescription of a simple formula to arrive at the quantum of refund
LIBERALISATION FOR INDIAN OVERSEAS
INVESTORS
The Reserve Bank of India, on 27 March, issued a notice of
further liberalisation of regulations to allow Indian companies to
operate overseas with greater flexibility. It pertains to three areas:
GUARANTEES
Indian companies may now offer any form of guarantee provided that:
! All ‘financial commitments’ including all forms of guarantees are
within the overall prescribed ceiling for overseas investment of the
Indian company ie currently within 200 per cent of its net worth
! No guarantee is ‘open ended’ ie the amount of the guarantee
should be specified upfront
! All guarantees are reported to RBI, in Form ODR. Guarantees
issued by banks in India in favour of wholly owned subsidiaries /
joint ventures outside India would be outside this ceiling and subject
to prudential norms as issued by RBI from time to time.
PERMISSION FOR DISINVESTMENT
Indian companies may now disinvest as a ‘write off’, ie: where
the amount repatriated on disinvestment is less than the amount
!
DIAMONDS ARE INDIA’S BEST
FRIEND
India’s export of gems and jewellery in
2005–06 rose to $16.67 bn, a growth of more
than 6 per cent, the Gem and Jewellery
Export Promotion Council (GJEPC) said on
12 April. According to Bakul R Mehta,
chairman of GJEPC, it is likely to grow at
20–25 per cent in 2006–07, aided by new
opportunities in the diamond sector.
due. Whatever percentage the export turnover constitutes of the
total turnover, that much percentage of the credit taken during the
relevant period will be refunded.
It must be noted that “total turnover” includes clearance of
exempted goods/services and export of bought out goods
The application of the new formula only requires the figures of
export turnover, total turnover and amount of credit taken during
the relevant period.
T N C Rajagopalan / BUSINESS STANDARD
of the original investment, without prior approval of the Reserve
Bank in cases where
! the wholly owned subsidiary / joint venture is listed in the
overseas stock exchange.
! the Indian promoter company is listed on a stock exchange in
India and has a net worth of not less than Rs1 bn.
! the Indian promoter is an unlisted company and the investment
in the overseas venture does not exceed US$ 10 m.
The Indian company is required to submit details of the
disinvestment through its designated Authorised Dealer bank
within 30 days from the date of disinvestment.
OVERSEAS INVESTMENTS PROPRIETORSHIP
To date only a company incorporated in India, or a body created
under an Act of Parliament or a partnership firm registered under the
Indian Partnership Act, 1932, or any other entity as may be notified by
the Reserve Bank was eligible to invest in a joint venture / wholly owned
subsidiary abroad. Now, in order to reap the benefits of globalisation
and liberalisation, it has been decided to allow proprietary /
unregistered partnership firms to set up joint ventures / wholly owned
subsidiaries outside India with prior approval of the Reserve Bank.
“We want to import polished diamonds,
process them in India and re-export. It's a
huge business and we want it to move to
India,” he added. Currently, diamondprocessing activity is concentrated in West
Asia and Europe. Indian traders are mainly
involved in cutting raw diamonds.
– FINANCIAL EXPRESS
DESIGN MATTERS
India has the potential to become the next
global trading hub in the gems and
jewellery sector, Mehta added. Her exports
in the sector rose 6.32 per cent in FY
2005–06, aided by a rise in the cut and
polished diamond segment, which grew 6.07
per cent.
4
The new unique selling proposition (USP) in
the Indian market is design. With
consumers becoming design conscious,
brands are increasingly getting focused on
the right-look factor to sell more. Designled marketing is catching up with brands
across product categories. Motorola, Puma
and Samsung have tasted success,
globally and in India, by reinventing their
brand around better visual appeal.
Globally, Sony Vaio notebooks, Apple iPods
and iMacs, Ikea and Bang & Olufsen have also
used design as their selling point. US mobile
phone manufacturer Motorola got a muchneeded boost to its sales in India with the
launch of its sleek and stylish model, the Razr.
This was followed by models high on design
quotient, such as the slimline Slvr. The company
sold more units of the Razr in the first three
months of 2006 than in the whole of 2005.
7–8 per cent of Samsung’s sales turnover is
invested in R&D on design every year.
Samsung recently introduced LCD TVs in the
40
INDO-ITALIANChamber
the
of
Indian market offering a colour resolution of
6.4 bn colours and a viewing angle of 178
degrees. Last year, Samsung India had a 30
per cent share in the LCD TV market and
registered a 100 per cent growth in the flat TV
range.
An example of a drab to fab story is that of the
$2.05-bn German sportswear company,
Puma. It faced financial difficulties and a
lurking bankruptcy till it reinvented itself by
re-branding and hiring world famous
fashion designers such as Alexander
McQueen Philippe Starck and Jil Sander to
give its brand an edgy look. Puma has entered
the Indian market as a 100 per cent
subsidiary recently.
– ECONOMIC TIMES
MUTTHI BHAR EURO
Italy is to ‘export’ its experience in dubbing
and is to focus on promoting its cinema
worldwide. An agreement signed with India
and Poland will, in fact, mean that some of
the most successful Italian films will be
dubbed in Hindi and Polish in order that
they be better understood and therefore
‘appreciated’ by foreign audiences. The
project was presented on 28 March by the
Culture Minister Rocco Buttiglione and
Claudio Sorrentino, president of the ‘Masters
of the Cinema’ foundation, dedicated to the
training of professionals in the sector.
Some of the best Indian and Polish actors
will shortly be arriving in Italy where, with the
assistance of Italian tutors, they will learn, in
a month, Italian dubbing techniques.
“Italians are seen as the best in this field,”
Sorrentino explained during a press
conference to mark the event. “We don’t
simply do dubbing, but proper Italian
versions of foreign films, and we’d like the
same thing to be done for our films abroad.”
Included in the films to be ‘exported’ could be
next season’s titles including, Medusa’s
managing director confirmed, La
Sconosciuta by Giuseppe Tornatore,
Viaggio Segreto by Roberto Andò and Carlo
Vanzina’s film out at Christmas as well as
Manuale d’amore, a comedy which met with
success in 2005 that, Sorrentino announced,
had already been proposed by De Laurentis.
The cost of versions made for audiences
C O M M E R C E
abroad (around 50,000 euros per film) will
be put up by the production houses, while
the tutors will be provided by the foundation.
“This project,” said Minister Buttiglione, “is
part of a wider strategy for our cinema. In
future we must focus on building a European
market for this sector: we Italians have great
potential in cinema and we must make the
most of it to attract the foreign market.
Dubbing requires passion and meaning: it is
a means of taking our films abroad, as it
has done for the American cinema in coming
to Italy.” The foundation of cinema
professionals, which featured at the most
recent Venice Festival, is to start work in
September: “We’ll be dealing with all
professionals in the cinema world,” Sorrentino
explained, “from the director, the sound
engineer, the producer, right up to electricians
and camera operators – special skills or
expectations on the part of young people
wanting to take part will not be necessary.”
–AGI
MUTH BHAR KAVITA
In an attempt to foster greater bilateral
relations between Maharashtra and Italy, poet
and author Bhagwan Thag has enshrined the
language of Boccaccio and Dante, of Manzoni
and D’Annunzio in a Marathi translation of
Italian poetry. The collection of 54 poems
spans nearly eight centuries, starting with St
Francis of Assisi and ending with Cesare
Pavese. The poems are presented directly in
their Marathi translations with brief notes on
the poets and a thumbnail sketch of Italian
literature. Although Italian would transliterate
excellently into the Devnagiri script, the
poems have not been included in their
original language.
The collection, entitled, ‘Itali Kavita’, and priced
at Rs 100 is available from the author at:
Maharashtra Anuvad Parishad Prakashan
Keshavnagar
Buldana 446 001
MONTE DEI PASCHI IN INDIA
After the opening of a representative’s
office by BPU><Banche Popolari Unite at
the Chamber, the bank that claims to be the
oldest in the world, Monte dei Paschi di
and
I N D U S T R Y
YEARS
1966–2006
Siena, is the next in a growing number of
Italian banks to set up operations in India.
To celebrate the inauguration of a
representative office in Mumbai,the bank
hosted a concert on Friday, 7 April, at the
National Centre of Performing Arts, by
violinist Boris Belkin and pianist Folco Vichi
from Siena’s Accademia Chigiana.
INDIAN ECONOMY AT A GLANCE
INFLATION
week ending
corresponding week 2005
15 Apr: 3.55%
8 Apr: 3.24%
5.91%
5.86%
RUPEE EXCHANGE RATE
3 May:
US$
Euro
44.93
56.64
BOMBAY STOCK EXCHANGE
3 Apr:
29 Apr:
2 May:
closed at
up / down
11,564.36
12,042.56
12,218.78
+478.2
+176.22
FOREX RESERVES
week ending
21 Apr:
US $
157.262 bn
up / down
+2.07 bn
ITALIAN ECONOMY AT A GLANCE
INFLATION
Dec 05–
Mar 05–
Mar 06
Feb–
Mar 06
Mar 06
0.2%
0.7%
2.1%
EURO EXCHANGE RATE
US$
3 May:
1.26059
S&P MIB INDICES
3 Apr
28 Apr :
2 May
Closed at
up/down
38280
37924
38173
-356
+249
FOREIGN TRADE WITH NON-EU
COUNTRIES (IN EUROS)
Mar 06
Mar 05
Exports 12,223 m 10,533 m
Imports 13,658 m 11,188 m
Balance of
Trade
-1,435 m -655 m
% Change
16.0%
22.1%
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INDO-ITALIANChamber
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India targets media as next offshoring market
For virtually everyone in TV except the celebrity news
anchor, it will be a sobering thought.
According to two of the most ambitious companies in India,
nearly half the industry should logically be relocated to the
subcontinent.
Genpact, the largest provider of offshore outsourcing
services in India and 33 per cent owned by General Electric,
has allied with New Delhi Television, a leading broadcaster,
in a 50-50 joint venture that breaks fresh ground for the
industry.
From FINANCIAL TIMES
spun off from GE in 2004, expects there to be scepticism over
whether showbiz will lend itself to the type of process reengineering that has transformed other sectors.
“The growth of the entertainment industry in India has given
rise to a lot of skilled people,” he says. “I'm certain that it's
going to evolve the same way as the rest of our BPO
business once we get a couple of anchor clients.”
The new business line will help Genpact in its drive to
reduce its dependence on GE, which accounted for about 95
per cent of its revenues in 2005. Mr Bhasin aims to reduce
that to 75 per cent by the end of this year. He expects sales
of $615m in 2006.
Their new venture will initially target costly technical,
editing and production functions in the audio-visual
segment of the industry in the latest sign of the growing
threat to media jobs in the US and Europe from low-cost
offshore locations.
“I doubt it will be a huge contributor in dollars in the first
couple of years because it will take time to build, but there is
no one else in this space that I've heard of and it will be a
pretty interesting new leg to the stool,” he said.
They will initially market their services to studios and TV
networks looking to lower the cost of digitising libraries of
old analogue programmes–creating graphics and subtitles,
editing of raw footage, tagging material and archiving
programmes.
Mr Roy expects the new venture within a few years to be the
same size as his existing news business, which had sales of about
$40m last year and has a market capitalisation of almost $330m.
“This will be as big as our current business is very fast,” he says.
“We’re not offshoring anchors yet, but anything behind the
camera should no longer be done onshore.”
In an interview, Prannoy Roy, NDTV's chairman, said 70
per cent of the global media and entertainment industry,
valued by PwC at £770bn ($1.3bn) in 2005, could be
digitised, of which 70 per cent could be outsourced,
potentially offshore to India.
“There's a lot of stuff which is expensive but easy to do,” says Mr
Roy, who established NDTV's now market-leading English
language news channels in April 2003 after years of supplying
programming to News Corp's Star.
“There are 50 years of analogue tapes lying in vaults one
mile long and they all have to be put on to disk, logged and
metatagged. It's a massive one-off task that in many ways is
like the Y2K debugging exercise of the late 1990s.”
The relocation of high-value media jobs to India has started to
take off in other segments of the industry. Reuters, the global
information group, moved 200 jobs to a new facility in
Bangalore inaugurated in October 2004.
–Jo Johnson / Copyright, Financial Times, London
Reproduced with permission
Insurance plans ‘could halve Europe’s jobless’
Mass unemployment in continental Europe’s biggest
economies could be slashed by 50 per cent if traditional
jobless benefits were replaced by individually tailored
insurance schemes, according to a respected European
labour market expert.
Special “unemployment accounts” into which people paid
contributions when in work, to draw down if they lost jobs,
would significantly increase incentives to seek or remain in
work, says Dennis Snower, president of the Institute for
World Economics in Kiel, northern Germany.
At the end of their working lives, people could transfer
remaining balances into their pensions.
Hollywood's animated film industry has also shifted
significant business to India. Recent blockbusters including
Shrek 2, Spider-Man 2 and The Chronicles of Narnia
benefited from India-based animators and visual effects
specialists.
Projections by economists at the Kiel institute suggest a shift
from conventional unemployment benefits to a system of
accounts would reduce Germany’s unemployment rate by 50
per cent, France’s by 46 per cent and Spain’s by about 38
per cent.
“For a one-hour programme you might shoot for 60 hours
and have to cut 57 hours of rubbish before you have to
make any real creative decisions,” says Mr Roy.
Mr Snower is best known for his work on “insider/outsider”
labour market theories arguing that by protecting their own
interests, those with jobs harm the prospects of the
unemployed. His ideas are likely to take on added
significance in the light of the French government's
climbdown over attempts to increase the flexibility of
“Hiring someone in New York will cost $140 an hour,
compared with $20 here,” he says.
Pramod Bhasin, chief executive of Genpact, which was
6
INDO-ITALIANChamber
the
of
C O M M E R C E
and
younger workers' labour contracts.
“The people who were protesting against the new law were
students who had a much better chance of getting jobs than
those marginal workers, whom the law was meant to
help–immigrants, people with less education, and so on,”
Mr Snower said in an interview with the Financial Times.
The failure of the big continental European economies–
particularly France, Germany, Italy and Spain– to tackle
high levels of unemployment will limit the extent of the
current economic upswing in the 12- country eurozone, Mr
Snower warned.
From his seaside office near the port of Kiel, Mr Snower, an
American, can see Germany’s massive trade surplus being
shipped abroad. German exports largely explain soaring
eurozone business confidence but Mr Snower said: “There
is no reason to assume that this recovery will last
particularly long. The fundamentals are not there.”
Unemployment in continental Europe during the past three
decades has been prone to “surprisingly persistent” upward
shocks, he argues–in other words, when it rises, it tends to
stay high for a long time.
Eurozone unemployment remains at more than 8 per cent of
the labour force, compared with about 5 per cent in the US
and UK.
France, Germany and Spain have about 9 per cent.
Tackling mass unemployment requires addressing the
“insider outsider” problem by easing entry into the
workforce and ensuring that benefit and tax systems give
sufficient incentives for the unemployed to seek work, Mr
Snower argued.
His proposal for “unemployment accounts” would meet
those criteria, he says.
With conventional unemployment benefit, people are, in
effect, rewarded for being unemployed and penalised for
being employed (because they then pay tax).
I N D U S T R Y
40
YEARS
1966–2006
INVEST YOUR TALENT
The Invest Your Talent in Italy
programme promoted by the Italian
Ministry of Foreign Affairs, which is
offering 50 scholarships to Indian
Postgraduate Students, had a most successful Road Show in
India in early April.
The scholarships are available for a one- or two-year Master’s
degree in IT, Business Management and Design from Italy’s top
universities. The courses also include a period of paid work
experience at leading Italian companies who are participating in
the programme. (For more information, visit: www.indiaitaly.com
and www.postgradinitaly.org.)
Organised by the Chamber, the Road Show consisted of
seminars in Mumbai (3 April), Bangalore (5 April) and Chennai
(6 April), to present the programme to Indian universities and
interested students. The delegation from Italy, headed by
Dr Mauro Battocchi, Head of Trade and Investment Promotion,
Ministry of Foreign Affairs, included representatives from Italian
chambers of commerce and the academic institutions and
businesses participating in the programme, as well as journalists.
The seminars were opened in Mumbai by Mr Narinder Nayar,
President, Indo-Italian Chamber of Commerce and Dr Giuseppe
Zaccagnino, Consul General; and in Bangalore and Chennai by
Dr Leonardo Gastaldi, Scientific Attaché, Embassy of Italy, as
also Mr Guido Sagone, Consular Correspondent of Italy, in
Chennai. Dr Arun Sawant, Pro Vice Chancellor, University of
Mumbai; Professor S P Thyagarajan, Vice Chancellor, Madras
University; and Professor Eresi, Head, Department of
Commerce, Bangalore University, also addressed the seminars
in their cities. Dr Battocchi introduced the programme, and
members of the Italian delegation made presentations on their
various institutions and the courses or work experience offered.
The seminars were followed by extremely enthusiastic one-toone meetings between the Indian participants–who totalled
more than 250 in all the three cities – and the representatives of
the Italian academic institutes.
Similar schemes have already been successfully tested in
Singapore, Mr Snower says. “This
is not some really fancy rocket
science or an unrealistic intellectual
proposal. This is something that
can be easily implemented.”
The Italian delegation were
extremely impressed and
pleased with the way the
Chamber organised the
entire project and have
expressed great hopes of
collaborating again on
similar academic projects in
the future.
–Ralph Atkins in Kiel / Copyright,
Financial Times, London
Reproduced with permission
Members of the Italian
delegation for Invest Your
Talent in Italy Road Show
in Bangalore
INDO-ITALIANChamber
the
of
C O M M E R C E
and
I N D U S T R Y
40
YEARS
1966–2006
ITALIAN CHAMBERS OF COMMERCE ASIA
AREA AND SOUTH AFRICA MEETING 2006
Each year Italian Chambers of Commerce from the Asia and South
African region meet for an annual Area Meeting. This year, the meeting was
hosted in Bangkok by the Thai-Italian Chamber of Commerce on 13 and
14 March, at the Plaza Athenee Royal Meridien
Hotel in Ploen Chit area, located in one of
Bangkok's most famous business districts.
During the afternoon, issues relevant to the
Asian and South African area as well as
prospects for further development and
consolidation of the Chambers’ regional
network were discussed.
The public session on 13 March was
opened by H E Ambassador of Italy Ignazio
di Pace; Director of ICE Ms Flavia Farrugio,
President of Assocamerestero Mr Gaetano
Fausto Esposito and President of the Italian
Chinese Chamber of Commerce Mr Davide
Cucino.
The topic of the public seminar was: ‘Asia and its Crisis:
Comparative Analysis of the Damage and Repercussions on the
Italian Economy’. The speakers were Professor Pavida Paranond
MADE IN INDIA ITALIAN SPORTS CAR
A delegation from COMIT (Consorzio Mobilità Innovativa
Torino), a consortium of 11 premier Northern Italian
engineering companies and prototype suppliers for some of the
largest European car manufacturers, came to India this month seeking
partnerships with Indian companies in one of their latest projects.
Supported by the Piedmont regional government and CRF
(Centro Richerche Fiat), and with a turnover of about 35 m euros
in 2005, the companies comprising COMIT specialise in
modelling and design, chassis engineering, prototypes and low
volume production activities, primarily in the automotive sector.
The new project proposes the development of a super light sports
cars in collaboration with Indian firms. Dressed with body panels from
Italian designers’ studios and made from Indian automotive
components, the car will be branded to provide the supporting
car manufacturer with multiple benefits. The project aims to explore
and utilise the strengths of both European and Indian firms and to
combine them for mutual benefit. As the automotive market becomes
increasingly globalised and standardised across nations, the obstacle
for European firms is price competitiveness, and for Indian firms it is
VINITALY
As part of the ongoing Asia Invest project,
WINEBAR, the Chamber and the
Maharashtra Centre for Entrepreneurship
Development, with technological support of
CRPV and Centuria Rit of Romagna
province, Italy, organised a high level
delegation of Indian government officials
and wine producers to the province from
8
from Thammasat University; Mr Roberto Penno, President of Italian
Chamber of Commerce in Singapore; Ms Pina Costa, Trade Analyst
of Assocamerestero; Mr Narinder Nayar, President of the IndoItalian Chamber of Commerce and Industry; Mr Davide Cucino,
President of Italian-Chinese Chamber of Commerce; and Ms
Cecilia Pavanello, Secretary General of the
Italian Chamber of Commerce in Hong Kong.
The private sessions scheduled on the 14 March
provided our Chambers with an opportunity to
discuss activity programmes, common
concerns and shared goals, as well as
opportunities for integration and cooperation in the region.
often competitiveness in terms of technology, performance and brand.
The Chamber assisted COMIT during its visit to India, in their search
for Indian manufacturers and suppliers of automotive components,
with B2B meetings arranged with interested companies, from 7–9 April
in Mumbai, followed on 10 April in Pune and from11–13 April in Delhi.
The project will give Indian automotive firms the opportunity to
increase their presence in the European market and to improve their
quality, processing and technology through the development of a
high quality, low cost sports car. This combination of Italian design
and Indian capabilities will allow entry into the worldwide niche market
for exclusive super-light sport cars, with an extremely desirable,
beautifully designed car at a very competitive price. A Euro-4
compliant power-train will be supplied by a leading car manufacturer,
who will participate in the project development and will provide aftersales assistance. An annual production of 1000 units is expected.
For more information on the project please contact:
Reemma Dalal
tel: +91 22 2436 8186 ext 115
e-mail: [email protected]
5–8 April, to increase the visibility of
Maharastra state as the wine producing
state of India. The delegation also visited
Vinitaly, the annual Italian wine fair in Verona.
also wine consumption in preference to
other alcoholic beverages. At present, the
growth of the domestic wine market in
India is over 100 per cent a year.
Maharashtra is the largest producer and
consumer of wine in India. The state has
taken the initiative in implementing a policy
to encourage wine grape cultivation and
The delegation, which comprised Mr K V
Jairath, Secretary for Industries,
Government of Maharashtra; Mr Rajiv
Jalota, CEO, Maharashtra Industrial
INDO-ITALIANChamber
the
of
Developemnt Corporation (MIDC); Mr
Jaideep Kale, Consultant, Wine Park,
Nashik; Mr Sunil Desai, Section Officer,
Maharashtra Centre for Entrepreneurship
Development (MCED), Nashik; Mr Ravish
Ahuja, MD, Kiara Wines; and Mr Holkar,
CMD, Flamingo Wines; visited wineries in
Dozza (5 April) and Cesena (6 April), where
Mr Jairath gave presentations on the Indian
economy, with special focus on
Maharashtra and grape production in the
state, and also addressed press
conferences.
On 7 April, the delegation visited Vinitaly,
where Mr Jairath again addressed a press
conference and later made a presentation
at a seminar organised as part of
WINEBAR, which also saw the presentation
of an audit report on the Indian wine
industry by Dr Marco Simoni of Centro
Ricerche Produzioni Vegetali (CRPV).
The delegation received a warm welcome in
Italy in terms of future business
opportunities for both the Indian and Italian
wine makers, and both governments have
decided to prepare an MOU for business
expansion in the wine industry.
DRESS THE ITALIAN WAY
In early April the Chamber organised B2Bs
between a number of top Indian textile
companies and Crespi – an Italian producer
of fabrics of the highest quality, specialising
in natural fibres such as linen, hemp,
bamboo, cotton and mixtures. Ms Katia
Bonaguro, Export Area Manager, Crespi,
visited India from 6–13 April, looking to sell
Crespi fabrics in the Indian market through
the big players in the industry. The Chamber
arranged for her to meet with textile
companies Forbes Gokak, Charagh Din,
Raymond Apparels, Pantaloons and
Shopper’s Stop in Mumbai from 7–11 April.
In Delhi, the Chamber organised for Ms
Bonaguro to meet Indus Clothing and
Unistyle Image on 13 April.
Founded 200 years ago, Crespi boasts a
collection of various patterns, plenty of
colours and different elaborate fabrics or
plain basic fabrics. For more information on
Crespi please see www.crespi1797.it
C O M M E R C E
A DAY FOR FASHION
AND DESIGN
Couture and decor can only get better in
India now that Istituto Marangoni, Europe’s
leading fashion and design school, is
offering courses to Indian students through
its Information Centre at the Chamber.
To further promote its courses in its
campuses in the international capitals of
haute couture, Milan, Paris and London, the
institute is holding an Open Day in Mumbai,
on 17 May at Hilton Towers.
Mr Bernardo Paoli, Area Manager, Europe,
Middle East and Russia, Istituto Marangoni,
will present the various programmes
offered by the institute and the Open Day
will end with an interactive session for the
participants with Mr Paoli.
and
I N D U S T R Y
40
YEARS
1966–2006
FORLÌ-CESENA
CHAMBER OF
COMMERCE
The Chamber is delighted to announce that
the Forlì-Cesena Chamber of Commerce,
which opened a desk with us in early 2005,
has renewed its contract, following an
extremely successful year of partnership.
This included processing 22 business
enquiries from Forlì-Cesena, and
organising two delegations: a visit from
West Bengal Ministry of Food Processing
and Horticulture, headed by Minister-inCharge, Mr Sailen Sarkar, coordinated by
our Eastern Regional Office; and an AgroFood delegation pf 15 companies from
Forlì-Cesena, which visited Mumbai, New
Delhi and Kolkata from 4–12 March 2006.
BUONA SERA, ITALIA
To attend the event, please pre-register by
contacting:
Ms Dipti Lulla
Marangoni Information Centre
tel: +91 22 24368186 ext 138
mobile: 9821632208
e-mail: [email protected]
For more information on Istituto Marangoni,
please visit:
www.indiaitaly.com
FULL OF PROMISE
“Invest in him, nurture him, get him the
backing and finance he deserves, and keep
him in India. He is the future of design in
this country," said an eager Albert Morris
about his new fashion discovery, Rahul
Mishra, according to a report by Ami Cholia in
the Mumbai newspaper, Mid-Day, of 10 April.
Mishra was the winner of the Festa Italiana
fashion contest late last year, which won
him a scholarship to the prestigious Istituto
Marangoni, in Milan. And Morris is the key
buyer for Browns, a select London
boutique, who was in Mumbai for the
Lakmé Fashion Week. Compared to the
likes of John Galliano of Christian Dior and
Alexander McQueen, late of Givency,
Mishra’s strength lies in structural simplicity
when many Indian designers go for
embellished excess.
ENIT will organise an Italian
evening, Serata Italiana, in collaboration
with the Embassy of Italy and Alitalia, at the
Taj Palace Hotel, New Delhi, on Friday, 4
May, and in partnership with the Consulate
General of Italy, Kolkata, at the Calcutta
Club on Tuesday, 9 May. The dinner party,
which will see the participation of over 100
tour operators in New Delhi and 60 in
Kolkata, has been organised to present
awards to top agents procuring the most
sales for Alitalia in India for the year 2005.
ENIT will make a short presentation on Italy,
to further promote tourism, and the tour
operators will also be updated on the
current rules and regulations of Italian
visas, in order to facilitate the smooth
processing of visa applications.
STAR NEWS SHOOT
This April, ENIT was approached by Star TV
to shoot one of their forthcoming shows,
‘Saas, Bahu aur Saazish’, in Genova. The
programme will present viewers with up-todate information on news, views, opinions
and reviews of Indian television shows.
A crew visited Italy in collaboration with
Alitalia and APT Genova from 8–11 April, to
explore and shoot various Genoese locales.
The trip proved very successful and the first
episode of the serial was aired on 29 April
on Star News.
9
INDO-ITALIANChamber
the
of
C O M M E R C E
and
I N D U S T R Y
40
YEARS
1966–2006
DEDICATED THOMAS COOK BROCHURE
Enit has collaborated with
leading travel agents Thomas
Cook, to produce a brochure
for their packages to Italy for
tourists from India, the first
time the travel firm has
dedicated a brochure
exclusively to one country.
Four packages are offered:
A Week in Italy, Bella Italia,
Sicily – Pearl of Italy and Splendore Italiano.
ITALIAN LANGUAGE COURSES
A good response obliged the Chamber to start yet another
corporate course this April at Tecnimont ICB Ltd, Mumbai
[please see Newsletter February 2006]. Given the interest
shown by the company, the course may well turn into a regular
activity. Starting from 17 April, held thrice a week (Mon/Wed/
Fri) from 5.00–7.00 pm, this new course will last for 60 days.
CHIBIMART SUMMER AND CHIBIDUE
26–29 May 2006
Fiera Milano City
CHIBIMART SUMMER and CHIBIDUE will be held this May in
Milan. CHIBIMART is an event offering an exotic range of fashion
accessories combined with its cash and carry formula. The show
displays the trendiest ideas for visitors looking to complete their
purchases for the summer season. The product range at the
show are gems, silver, crafts and furniture fittings, as well as hair
accessories, items for perfumery, cosmetics and garments,
aromatherapy, natural products and candles.
Chibimart Summer is always held in conjunction with Chibidue, the
international exhibition of gift articles, perfumery items, costume
jewellery and smokers’ supplies. Together they host about 300
exhibitors spread over an area of 8,358 sq m. Nearly 8,500 visitors
attend the show, of which 15.5 per cent are foreign buyers. The next
edition is scheduled from 26–29 May at Fiera Milano City.
OUR REGULAR COURSES
Mumbai
Basic: 8 May (for 60 days) Mon/Wed/Fri: 8.30–10.00 am
Level 3: 23 May for 60 days Tue/Thurs: 8.30–10.00 am
Fee: Rs 4500
Indo-Italian Chamber of Commerce & Industry
502 Bengal Chemicals’ Compound
Veer Savarkar Marg (Prabhadevi)
Mumbai 400025
For more information please contact:
Manoj Bhatkar
tel: 022 2436 8186 x 103
e-mail: [email protected]
Chennai
Children’s Course
2 May (for 30 days) Mon–Fri 10.30 am–12.30 pm
Fee: Rs 2000
Basic (Weekend): 1 June (for 90 days)
Saturdays 9.30 am –12.30 pm
Fee: Rs 4500
Indo-Italian Chamber of Commerce & Industry, Chennai
Jamals 2
Jagannathan Road
Nungambakkam
Chennai 600034
For more information, please contact:
D Sreevidya
telefax: 044 2824 2399 / 2824 2397
10
12–14 June 2006
Milan Exhibition Centre, New Fiera Milano
A crucial event for international operators in the wine and spirits
sector, and for wine lovers in general, will be held at Fiera Milano
from 12–14 June. MiWine returns, packed with many new
features, starting from a prestigious venue: the brand-new halls of
the Milan Exhibition Centre, the New Fiera Milano. And it has all it
takes to become a benchmark event for the top end of the
market, in a city lying in the centre of the largest wine-consuming
area in Italy and, therefore, the most appealing venue for Italian
and foreign wineries.
MiWine 2006 confirms its vocation as a highly qualified showcase
in the wine sector, with a strong international outlook and a strict
B2B formula. It also adds further value to these specific aspects
by acting as a promotional and marketing machine that does not
stop after the three days of the exhibition but continues to run all
year round, organising promotional events and visiting trade fairs
in Italy and abroad which can be attended by exhibitors if they
wish to do so.
To participate in these Fiera Milano exhibitions, please contact:
Winston Pereira
Chief Representative–Fiera Milano Office in India
tel: 022 2436 8186, Ext 109 / 110),
fax: 022 2436 8191/ 2438 2716
e-mail: [email protected]
INDO-ITALIANChamber
the
FAIRS IN INDIA
of
C O M M E R C E
and
I N D U S T R Y
40
YEARS
1966–2006
Exhibitions
Dates
Venue
City / State
Contact person / organisation / e-mail / website
Hospitality
International
India
May 2–4
India Expo Centre
EXPO XXI, Greater
Noida Expressway
New Delhi
Expomedia Events India Pvt Ltd
2nd Floor Som Datt Tower
K-2 Sector 18
Noida
Tel: 0120 2516110 / 2516144
Fax: 0120 2516020
Interiors
International
India
Exhibition
May 2–4
India Expo Centre
EXPO XXI, Greater
Noida Expressway
New Delhi
Expomedia Events India Pvt Ltd
2nd Floor Som Datt Tower
K-2 Sector 18
Noida
Tel: 0120 2516110 / 2516144
Fax: 0120 2516020
ICON
May 2–4
India Expo Centre
EXPO XXI, Greater
Noida Expressway
New Delhi
Expomedia Events India Pvt Ltd
2nd Floor Som Datt Tower
K-2 Sector 18
Noida
Tel: 0120 2516110 / 2516144
Fax: 0120 2516020
India
International
Jewellery
Show
(IIJS)
May 4–8
Bombay Exhibition
Centre
NSE Complex,
Goregaon
East
Mumbai
The Gem & Jewellery Export Promotion Council
Tel: 022 23894957
Fax: 022 23804958
e-mail: [email protected]
Façades &
Roofing
Solutions
2006
May 19–21
World Trade
Centre
Mumbai
Conventions & Fairs (India) Pvt Ltd
157, Princess Street
Mumbai
Tel: 022 22060808 / 22002255
Fax: 022 22080171 / 22002288
CS Cinema
India
Expo
May 25–27
Bombay Exhibition
Centre
NSE Complex,
Goregaon
East
Mumbai
Cinema Systems
6c/5 Sangeeta Apartments
Juhu Road
Mumbai
Tel: 022 26603443 / 26604560
Fax: 022 26604923
Infra Educa
Jun 16–18
Pragati Maidan
New Delhi
Friendz Exhibitions and Promotions Pvt Ltd
I - 11, First Floor, Lajpat Nagar - II
New Delhi 110 024
Tel: 011 41721891–98
Fax: 011 41042716
Email: [email protected]
Website: www.friendzexhibition.com / www.infraeduca.com
Interior-Exterior
Expo &
Furniture Fair
Jun 22–25
Pragati Maidan
New Delhi
ZAK Trade Fairs and Exhibitions Pvt Ltd
No. 27, Veerabadran Street, Nungambakkam,
Chennai, India.
Tel: 044 28257722 / 28257733 / 28257744 / 28250008 /
28250009
Fax: 044 28254488
Garmentech
Asia
Jun 22–25
Pragati Maidan
New Delhi
ZAK Trade Fairs and Exhibitions Pvt Ltd
No. 27, Veerabadran Street, Nungambakkam,
Chennai, India.
Tel: 044 28257722 / 28257733 / 28257744 / 28250008 /
28250009
Fax: 044 28254488
11
the
INDO-ITALIANChamber
of
C O M M E R C E
and
I N D U S T R Y
40
For further information, please contact:
Royden Correa
[email protected]
tel: +91 (0)22 2436 81816 ext: 118 / 111
YEARS
1966–2006
BUSINESS ENQUIRIES
beads etc. Their range of products include:
bags, handbags, wood handicrafts, photo
frames, jewellery boxes, journals, marble
handicrafts, glass related products, wine
bottles with printing or etching, etc.
FROM INDIA
AGRI PRODUCTS
APPAREL
AIRAVAT EXPORTS PRIVATE LIMITED
B/3 Arch Profile, Sector-6
Charkop, Kandivali West
Mumbai 400 067
Tel: 022 28605114
Fax: 022 28605318
Mobile: 9819498650
e-mail: [email protected]
Contact: Mr Samit Ambalia
They are involved in import and export of
agricultural products. They are looking for
sparkling water from Italy.
ALL SAINTS EXPORTS
GP-37 Maurya Enclave
Pitam Pura
New Delhi 110088
Tel: 011 27327399
Fax: 011 27327610
Mobile: 9818148292
e-mail: [email protected]
Contact: Sameer Sehgal
They manufacture ladies apparel and
apparel accessories and are looking to
export their products.
FROM ITALY
TEXTILES
40057 Cadriano di Granarolo (BO)
Tel: 0039 051 764812
Fax: 0039 051 763382
e-mail: [email protected]
Website: www.cermet.it
They would like to enter into a joint venture
with Indian companies in the sector of
testing laboratories and certification bodies.
AUTOMOTIVE
ALKATEC Srl
Via Volta 22
25050 Provaglio di Iseo (BS)
Tel: 0039 030 9883433
Fax: 0039 030 988001
Mobile: 0039 3351296963
email: [email protected]
Contact: Henry Kasner
They are a service company in the
automotive industry. They can put Indian
car components manufacturers in contact
with the European market. They provide
services of designing, engineering, sales, etc.
BUILDING & CONSTRUCTION
ZOYA INTERNATIONAL
Suite No N-201 & S-204
2nd Floor Arya Mansion
6A Raja Subodh Mullick Square
Kolkata 700013
Tel: 033 22252602
Fax: 033 22252485
e-mail: [email protected]
Zoya International is a manufacturer and
exporter of shawls, scarves, beach
accessories, bags, caps and umbrellas,
embroidery dress materials for evening
wear and bridal wear in tulle, viscose
cotton, silk and wool. They are looking for
buyers and importers in Italy.
HANDICRAFTS
MADHAV EXPORTS
21/1378 Naiwala
Karol Bagh
New Delhi 110 005
Tel: 011 25751080
Fax: 011 25750589
e-mail: [email protected]
Website: www.madhavexports-india.com
Contact: Mr Anil Mittal
They are exporters of a variety of handicraft
items in leather, jute, hand made paper,
12
MISCELLANEOUS
BUONANNO SpA
Via G Melisurgo, 4
80133 Napoli (NA)
Tel: 0039 081 5050307
Fax: 0039 081 5050306
Contact: Paolo
They want to contact Indian companies
involved in building and construction work.
TECHNICAL FIBRES
REMER Srl
Via del Cacciatore, 64
I 63039 San Benedetto del Tronto (AP)
Tel: 0039 0735 583586 (+26)
Fax: 0039 0735 583490
e-mail: [email protected]
Contact: Dott.ssa Giovanna Merlini
They are looking for suppliers of technical
fibres like polyamide 66.6 as also
producers of reinforcement fibres for tyres
that are usually made of nylon or polyester
or rayon viscose.
TESTING LABORATORIES
CERMET SOC CONS ARL-SERVIZI
GENERALI
Via Cadriano, 23
RIVADOSSI SANDRO & C Snc
Via Gargnà 41/A
I-25078 Vestone (BS)
Tel: 0039 0365 81481
Fax: 0039 0365 820429
e-mail: [email protected]
Website: www.rivadossi.it
They are looking for importers and
distributors of glassware and cutlery.
For more information email s.sudhakaran
@indiaitaly.com or telephone
Swati Sudhakaran: +91( 0)22 2436 8186 ext: 128
FURNITURE
MOBILIFICIO FRATELLI SCATTOLIN
Via Regia, 86
35027 VIGONZA PADOVA (PD)
Tel: 0039 049 9629666
Fax: 0039 049 629731
Contact: Mr Tommaso Scattolin
They are interested in contacting Indian
manufacturers or exporters of home
furniture from India.
INDO-ITALIANChamber
the
of
C O M M E R C E
and
I N D U S T R Y
40
YEARS
1966–2006
FOOTWEAR
CERAMICS
ORGANIC FOOD
ZUIN SIMONE & C Sas
Via Bergamo, 7
30032 FIESSO D'ARTICO VENEZIA (VE)
Tel: 0039 0415161511
Fax: 0039 0415161511
e-mail: [email protected]
Contact: Mrs Cristina Zuin
They are interested in contacting Indian
manufacturers of leather footwear in India.
ABRUZZO VASI
Website: www.abruzzovasi.it
Abruzzo Vasi produces vases and decorative
ware in terracotta. They are looking for
Indian importers and distributors.
GIARDINO BOTANICO
website: www.vagheggi.it
They are manufacturers of herbal and
organic food products looking for Indian
importers and buyers.
REDCO SRL
Via Cartiera 22
23883 Brivio (LC)
Tel: 0039 039 9322230
Fax: 0039 039 9322226
Contact: Dr M Perissinotto, Sales Director
REDCO Srl is looking for local
manufacturers of ceramic components
made up of: Alumina of 92 per cent, 96 per
cent, 99.4 per cent, 99.7 per cent; Zirconia
PSZ- Y or MgO (Zirconia based ceramics
partially stabilised Magnesia), Steatite,
Silicon Carbide and Silicon Nitride.
SCISSORS
AUTOMOTIVE
EXO AUTOMOTIVE Srl
Via S. Marco, 11/C
35129 PADOVA (PD)
Tel: 0039 049 7396101
Fax: 0039 049 7396102
e-mail: [email protected]
Website: www.exoautomotive.com
Contact: Mr Luca Zanon
They are interested in contacting
manufacturers and exporters of water
pumps, cv joints (constant velocity joints),
drive shafts, shock absorbers, brake discs
from India.
For further information, please contact:
[email protected] or telephone
Sathish Kumar: +91 022 2436 8186 ext: 107
CONSTRUCTION
LINO SELLA WORLD
Website: www.linosella.com
Lino Sella is a producer of various concrete
mixers. They are looking for importers and
distributors in India.
NEW MEMBERS
GIFAZ
Via Giabbio
23834 Premana (LC)
Tel. 0039 0341 890184
Fax 0039 0341 890309
e-mail: [email protected]
website: www.gifaz.com
Contact: Mr Giovanni
GIFAZ produces scissors for all uses, from
manicure to gardening. They are interested in
contacting buyers and distributors in India.
TEXTILES
PELLIZZARI
Website: www.pellizzari.com
PELLIZZARI produces standard and special
wax qualities for all textile machines and
textile yarns. They are looking for importers
and distributors in India.
For more information please contact:
[email protected] or telephone
Reemma Dalal: +91 (0)22 2436 8186 ext: 115
JEWELLERY
AUTOMOTIVE
INTERNATIONAL GOLD AND SILVER
SERVICE Srl
Website: www.igss.it
International gold and silver are jewellery
manufacturers. They are looking for
importers and buyers of their jewellery in
India.
ASSOCIATE MEMBERS
LGB TEXTILES LTD (CHENNAI)
Spinning of cotton yarn, production of grey
fabrics, home textile made-ups, terry items,
garments and their export
TWISTED SKIN WRAP (MUMBAI)
Manufacturer of unisex T-shirts, jeans,
designer wear collection, accessories, etc
BULL MACHINES PVT LTD (CHENNAI)
Manufacturer of earth moving machinery,
like attachments, dozers, loaders and back
hoes
RR LEATHERS (CHENNAI)
Manufacturer of leather garments
CHILD IN NEED INSTITUTE (CINI) (KOLKATA)
Provides health, nutrition and education
CAMEL AUTOMATION
Via Rivalta No 9
10095 Grugliasco (TO)
Tel: 0039 011 784204
Fax: 0039 011 7802862
Website: www.camelspa.it
Contact: Mr Paolo Corio
services to deprived women, children and
adolescents in unserved and underserved
areas of rural and urban India
ORDINARY MEMBERS
SUNLIGHT LEATHER EXPORT
(CHENNAI)
Manufacturers of leather goods, garments.
Suppliers of corporate gifts. Exporter,
importer and commission agent
13
INDO-ITALIANChamber
the
of
C O M M E R C E
and
I N D U S T R Y
40
ELRICH INTERNATIONAL (KOLKATA)
Exporter of leather goods
ARBEITS EXPORTS (INDIA) PVT LTD
(KOLKATA)
Manufacturer and exporter of industrial
leather hand gloves
YEARS
1966–2006
D C PAUL GROUP CONSTRUCTION (P)
LTD (KOLKATA)
Architecture and civil construction
EDCONS EXPORTS PRIVATE LIMITED
(KOLKATA)
Manufacturer and exporter of leather goods
HAPPY 100
We are very pleased to announce
that the Eastern Region Office of the
Chamber in Kolkata enrolled its
100th member on 31 March.
OUR DESKS & THEIR REPRESENTATIVES
Fiera Milano
Winston Pereira
[email protected]
Enit – Italian State Tourism Board
Salvatore Ianniello
[email protected]
Inditalia Desk
Intertrade – Special
Agency of Salerno Chamber of Commerce
Promec – Special Agency of Modena Chamber of
Commerce
Promofirenze – Special Agency of Florence
Chamber of Commerce
Promos – Special Agency of Milan Chamber of
Commerce
Vicenza Qualità – Special Agency of Vicenza
Chamber of Commerce
Sathish Kumar
[email protected]
Regione Lombardia
Sathish Kuma
[email protected]
Centro Estero delle Camere di
Commercio del Veneto
Foreign Trade Centre of the Veneto Chambers of Commerce
Swati Sudhakaran
[email protected]
Turin Chamber of
Commerce
Reemma Dalal
[email protected]
ITP – Investment Board of
Turin and Piedmont
Reemma Dalal
Forlì & Cesena Chamber of Commerce
Reemma Dalal
[email protected]
Istituto Marangoni
Dipti Lulla
[email protected]
ICIF Italian Culinary Institute for
Foreigners
Maneesha Pereira
[email protected]
14