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7/2020

INDIA Contact: Rajesh Nath, Managing Director Please Note: Jamly John, General Manager Telephone: +91 33 40602364 1 trillion = 100,000 crores or Fax: +91 33 23217073 1,000 billions 1 billion = 100 crores or 10,000 lakhs E-mail: [email protected] 1 crore = 100 lakhs 1 million= 10 lakhs The Economic Scenario 1 Euro = Rs.82

Economic Growth India's economy will spring back to normal sooner than expected and may even make a sharp V- shaped recovery in the next financial year as per the Finance Ministry, dismissing forecasts of a sharp contraction in GDP in the current fiscal. Monetising of the fiscal deficit by the RBI was not currently on the table.

Direct and indirect tax collections in the June quarter were encouraging and daily e-way bill data is also showing a positive trend. All these developments are actually giving an encouraging signal that the economy is coming back to the rate sooner than what was being anticipated. If the current uptick continues without additional shocks, the sharp contraction forecast by several agencies for the current fiscal won't come to pass.

Localised shutdowns on account of Covid-19 outbreaks have prompted the further lowering of GDP estimates. It is expected that there will be a 9.5% contraction in GDP in the current year against its initial 5% shrinkage estimate, citing a setback to the recovery seen in June due to the mini lockdowns.

The government was open to borrowing more to boost spending on infrastructure but monetising the fiscal deficit by the RBI was not under consideration. The revenues are going up and the government has also mobilised some extra revenues through excise duty.

Income tax collections for the first quarter of the ongoing fiscal, which includes advance tax and tax deducted at source, were 80% of the year-ago level. These numbers should be seen in the context of corporate tax being cut to 22% from 30%.

Goods and services tax (GST) collections of € 11,098 million (Rs 91,000 crore) in May were at about 70% of the year earlier. This is expected to have improved in June, the pace of transactions had risen compared to the previous months of lockdown. India's nationwide shutdown began on March 25 and was progressively eased in May. VDMA-Newsletter “India”, Edition 07/2020 Contact: Oliver Wack, Phone: +49 69 6603-1444 2 Indian Economic and Industrial Scenario, 7/2020 VDMA INDIA Office

The Tamil Nadu government has signed eight new Memoranda of Understanding (MoUs) worth € 1268 million (Rs 10,399 crore). The cumulative investment envisaged in the projects will create 13,507 jobs across the state in solar cells, data centres and industrial parks.

The MoUs will bring in investments in the areas of solar cells and modules manufacturing, agrotech and iron foundry, among others. The memoranada of understanding were signed in the presence of Chief Minister. Of the eight MoUs, five were signed in the presence of the CM, while three were done through video conferencing.

The projects will be implemented in Kancheepuram, Chengalpattu, Ranipettai, Coimbatore, Viluppuram and Erode districts. A high powered committee, chaired by the Chief minister, will expedite various clearances and also establish a Special Investment Promotion Task Force under the chairmanship of the Chief Secretary. Industries Minister and Chief Secretary were present during the signing of the MoUs.

Commerce and Industry Ministry informed that the government has identified eight more sectors where India can become a supplier to the world, in addition to the 12 industry sectors already zeroed in.

There were 12 sectors earlier, now the government has identified eight more sectors where India can become leaders to supply to the world. Food processing, iron and steel, electronics, industrial machinery, furniture, auto parts, and leather and footwear, are among the12 industry sectors identified earlier with potential for import substitution and boosting exports.

The move is part of India’s aim to become self-reliant, which leads to the country engaging wherever it has a competitive edge and skills. The only way to remain competitive is by harnessing new technologies. Some jobs may need reskilling but on the aggregate, the government will add to jobs and work opportunities. As per the Ministry, lack of effective technology intervention has triggered inequality in many parts of the world.

The Reserve Bank of India (RBI) ended the loan repayment moratorium and unveiled a loan- restructuring programme as a first step toward nudging industry and banks to return to normalcy, while keeping interest rates unchanged, balancing the need to shore up the Covid-hit economy with inflation vigilance.

The Monetary Policy Committee (MPC) unanimously backed the status quo on rates amid elevated price pressures, but acknowledged the need for action to aid economic growth, which remains fragile in the wake of Covid-19 pandemic and the closures that followed.

The MPC also decided to continue with the accommodative stance as long as it is necessary to revive growth and mitigate the impact of Covid-19 on the economy, while ensuring that inflation remains within the target going forward.

The policy repo rate, at which the RBI lends to banks, was kept at 4% and the reverse repo rate, at which it pays banks for parking excess deposits, stayed at 3.35%. All other rates also remained unchanged, in line with market expectations.

India and the European Union (EU) recently announced the launch of a high-level economic and investment dialogue to work out a bilateral trade and investment pact as countries and firms look to decouple and diversify supply chains from China. After 13 years of negotiations, India and the European Union have sealed a civil nuclear cooperation agreement.

Both parties recognized that the post-covid economic recovery priorities offer the opportunity to unleash the full potential of India-EU economic ties. India invited European firms to invest in India taking into account its efforts to improve ease of doing business and regulatory environment and an aim to integrate India into global value supply chains.

Both EU and India reaffirmed their commitment to work towards balanced, ambitious and mutually beneficial trade and investment agreements, opening markets and creating a level playing field on both sides.

On the strategic front, the two sides unveiled a road map for cooperation over the next five years, announced a maritime dialogue, agreed to boost cooperation between their navies and conclude an agreement between Europol and the Central Bureau of Investigation. Data protection, artificial intelligence and clean energy were other areas that the EU was looking at deepening cooperation with India.

VDMA-Newsletter “India”, Edition 07/2020 Contact: Oliver Wack, Phone: +49 69 6603-1444

3 Indian Economic and Industrial Scenario, 7/2020 VDMA INDIA Office

Industry Scenario

Infrastructure

Demand for structural steel products surges in May-June due to lockdown induced labor shortage Domestic demand for structural steel products accelerated in May-June as construction companies increasingly opted for the customizable building material for high-rise structures, apartments and quarantine facilities in the face of labour shortage due to the lockdown. Apart from companies like L&T, Tata Projects, Doosan, Toshiba, DLF and Reliance which have placed orders, Indian Railways, too, is replacing most of its old concrete materials to steel structures. JSPL forayed into the construction materials & solutions business with its steel fabrication facilities of 240,000 MT/annum in Punjipatra, Raigarh, Angul and Raipur.High-rise steel buildings have a market potential of 80,000 metric tonnes. Tata Steel’s smart steel structures in form of quarantine wards and testing kiosks are available in kit-like solutions, wherein walls, roof panels and internal partitions, are assembled onsite. They can be dismantled, packed and shifted to other sites too and does not need too much labour.

Government sets up single-window clearance mechanism to expedite aviation sector proposals The civil Aviation Ministry has set up a single-window clearance mechanism to expedite various investment proposals in the domestic aviation industry. MoCA has an Investment Clearance Cell (ICC) for prompt assistance and clearance. The setting up of the ICC was announced by the government in 2020-2021 Union Budget in February this year. The ICC has been mandated to serve as a single- window system for attracting investment and its terms of reference include accelerating investments, bringing projects to the Empowered Group of Secretaries (EGoS) which require special incentive, policy interventions, expeditious clearances and systematic references, among others. Besides, the ICC will also identify policy and regulatory issues that come in the way of investments and engage with potential investors to bring the proposal for consideration of EGoS.

Indian Railways to start private train services by 2023, all 151 by 2027 The first set of 12 private trains will be introduced in 2023, followed by 45 more in the next fiscal, according to an initial timeline drawn by the Railways which plans to roll out all 151 such train services by 2027. In a formal kick-start to its plans to allow private entities to operate passenger trains on its network, the Railways earlier this month invited proposals from companies to run 151 modern passenger trains on 109 pairs of routes across the country. The project would entail a private sector investment of about € 3659 million (Rs 30,000 crore). As part of the plan for private trains, the Railways has planned to introduce 12 trains in 2022-23, 45 in 2023-2024, 50 in 2025-26 and 44 more in the next fiscal, taking the total number of trains to 151 by the end of FY 2026-2027. The request for qualification (RFQ), which was floated in July, is likely to be finalised by November, the financial bids will be opened by March, 2021 and selection of bidders is planned by end of April 2021, according to a timeline for introduction of private passenger trains prepared by the railways.

Indian Railways to cover all wagons under RFID for tracking by 2022 The Indian Railways will use radio-frequency identification tags (RFID) for tracking of all wagons by 2022. A total of 23,000 wagons have been covered under the RFID project so far and the target is to cover all wagons by December 2022. Using RFID devices, it would be easier for the railways to know the exact position of wagons, locomotives and coaches. Currently, such data is maintained manually, which leaves scope for errors. While the RFID tag will be fitted in the rolling stock, trackside readers will be installed at stations and key points along the tracks to read the tag from a distance of about two meters and transmit the wagon identity over a network to a central computer. By using RFID, each moving wagon can be identified and its movement tracked.

VDMA-Newsletter “India”, Edition 07/2020 Contact: Oliver Wack, Phone: +49 69 6603-1444

4 Indian Economic and Industrial Scenario, 7/2020 VDMA INDIA Office

Automobile

Leading European auto maker Groupe PSA starts assembling cars in India Groupe PSA has started assembling cars at its plant near Chennai. The first product gets off the assembly line and is likely to hit the market early next year is the company's premium SUV C5 Aircross. In 2017, PSA Groupe announced a partnership with the CK Birla Group to re-enter the Indian market. The company decided to invest about € 293 million (Rs 2,400 crore) in Tamil Nadu. The Citroen C5 Aircross sports utility vehicle (SUV) is expected to be launched during the first quarter of 2021. At least one car from this platform will be launched for the next 4-5 years with up to 90% localisation, catering mainly to the Indian market. The Thiruvallur plant is part of the JV floated by PSA Groupe and the CK Birla Group. It will have a capacity of 100,000 units a year in the first phase. The partners will also make Powertrains from their PSA-AVTEC Powertrain JV at Hosur.

EV charging infrastructure firm EVI Technologies, RevFin tie up for EV financing Electric vehicle charging infrastructure firm EVI Technologies on has partnered with digital lending startup RevFin and electric three-wheeler makers to provide funding for EVs and swappable battery solutions. Under the partnership, RevFin will finance e-rickshaw and e-two wheelers along with swappable battery solutions provided by EVI Technologies. The initiative will majorly cover Delhi-NCR, UP, Chhattisgarh, Haryana. EVI's battery swapping solution and RevFin's easy low-cost finance will create a sustainable mobility ecosystem, making clean energy affordable to all without the worry of energy infrastructure, especially in tier 2 and 3 cities. They expect the EV sector to become one of the largest industries in India within the next five years. EVI Technologies is helping bring infrastructure and other arrangements to this segment, which will help in building up the scale.

Spurt in demand for pre-owned personal vehicles Pre-owned passenger vehicles market has seen steady recovery and growth in April-July period this year with demand for such vehicles growing by around 25% this month as compared to February. In terms of consumer sentiment, 55% of respondents plan to use a personal vehicle in the next 6 months and non-metros are key drivers in the demand revival. The spurt in demand for pre-owned personal vehicles is not only owing to hygiene concerns but also due to reduced budgets for buying a personal vehicle. As per industry data, the pre-owned car market outnumbers the new car market by 30% in volume. Changing preferences, evolving customer needs and an entirely new set of rules for social interactions have given rise to demand in the non-metro cities. Non- metro cities now form a major chunk of buyers and sellers for their platform. People are keen to buy a car in non-metro towns, 70% of them are interested in pre-owned cars and only 30% are interested in a new car, indicating that these places are likely to drive the growth of pre-owned vehicles.

Electric vehicle market likely to be € 6098 million (Rs 50,000 crore) opportunity in India by 2025 The electric vehicle (EV) market is likely to be a € 6098 million (Rs 50,000-crore) opportunity in India by 2025, with two- and three-wheelers expected to drive higher electrification of the vehicles in the medium term in the wake of COVID-19. The total cost of ownership (TCO) in case of low- and medium-speed electric two-wheelers is already lower than internal combustion engine vehicles. With the present and projected level of EV penetration in the country, EVs in India could represent a Rs 500-billion opportunity by 2025. Two- and three-wheelers will lead the electrification movement in India in the medium term. It expects 9% penetration by 2024-25 in the two-wheeler segment and with the right macroeconomic environment, the number can further go up to 16% and while the segment could grow to € 1463 million (Rs 12,000 crore) by 2024-25. E-rickshaw has also emerged as a large market in India in a short time frame even as a large part of this market is still unorganised and based on lead-acid batteries. This market is expected to rapidly shift to lithium-ion battery and by 2024-25, as much as 40% of the e-rickshaw market is expected to be li-ion based.

VDMA-Newsletter “India”, Edition 07/2020 Contact: Oliver Wack, Phone: +49 69 6603-1444

5 Indian Economic and Industrial Scenario, 7/2020 VDMA INDIA Office

Power

India to have 60% renewable energy by 2030 India will have around 60% of its installed electricity generation capacity from clean sources by 2030 as per the Power and New & Renewable Energy Ministry. The renewable energy capacity would touch 510 GW by 2030, including 60 GW of hydro power. In September last year at the United Nations Climate Action Summit, the Prime Minister had announced increasing the renewable energy target to 450 GW by 2030 from 175 GW by 2022. The Minister anticipates that by 2030,450 GW of power generation capacity would come from renewables like solar and wind. India's clean energy capacity including under development projects and hydroelectric power is around 190 GW, which is more than the targetted 175 GW by 2022.

NTPC joins hands with NIIF for investing in RE India’s largest power generating company NTPC has entered into a pact with the National Investment and Infrastructure Fund (NIIF) for investments in renewable energy and power distribution in India. NTPC signed a memorandum of understanding with NIIF to explore investments in areas like renewable energy, power distribution, among other areas of mutual interest in India. This partnership aims to bring together NTPC’s technical expertise and NIIF’s ability to raise capital and bring in global best practices by leveraging its existing relationships with leading players. NTPC is planning to build 30 gigawatt (GW) of its overall power generation capacity from renewable energy sources by 2032. It currently has a total installed capacity of 62 GW, with close to 80% thermal power. The company also plans to enter power distribution in states and Union Territories. It already has a venture for captive coal mining.

Renew Power plans to double power generation capacity to 20,000 megawatts Renew Power, plans to double its portfolio of running plants and projects under implementation to 10,000 MW in five years. The expansion would require an investment of € 4878 million (Rs 40,000 crore) to € 6098 million (Rs 50,000 crore), going by the average cost of projects in the industry. This year despite the impact of Covid-19, the government has been actively bringing out new bids in the renewable energy space and companies have responded enthusiastically. Renew already has the country’s largest operation capacity of 5,600 MW, which along with capacity in the pipeline adds up to 10,000 MW. Renew is likely to set up a plant with capacity higher than 1 GW, bringing the total to 2 GW in the past six months.

Sembcorp Energy commissions wind project, to give clean power to 6 lakh homes Sembcorp Energy India Limited, became the first independent power producer to fully commission the first three wind auctions held by the Solar Energy Corporation of India (SECI) after it completed its projects that have a combined capacity of 800 MW. The company provides clean power to more six lakh households across seven states, saving carbon dioxide emissions in excess of 2 million tonnes per annum. Sembcorp continues to have the largest operational wind capacity via bids won from SECI. The three latest projects of Sembcorp have a capacity of 250 MW, 250 MW, and 300 MW respectively. The first one is based in Thoothukudi in Tamil Nadu, while the latter two are in Bhuj, Gujarat.

Ayana Renewable Power acquires two solar power assets of First Solar Ayana Renewable Power has acquired 100% equity stake in two First Solar-developed photovoltaic (PV) solar power plants in Karnataka. The total capacity of these plants is megawatts. The 100% acquisition of the two projects, located in Karnataka, is part of its strategic mission to deliver high-quality projects organically and inorganically. The two facilities, which are powered by First Solar's high- performance thin film modules and have been operational for more than two years, are connected to Karnataka's 110KV transmission network. With € 300 ($ 330) million committed equity, Ayana will continue to pursue similar opportunities for acquisition and focus on inorganic growth. The company is in the process of developing 1,100 MW of projects that were awarded under auctions by the central government agencies.

VDMA-Newsletter “India”, Edition 07/2020 Contact: Oliver Wack, Phone: +49 69 6603-1444

6 Indian Economic and Industrial Scenario, 7/2020 VDMA INDIA Office

Paper & Printing

Rovema acquires Hassia Packaging German-based packaging machine manufacturer, Rovema, has signed an agreement to acquire Pune- based Hassia Packaging. Hereafter, the company will be known as Hassia India. Hassia India was previously part of the IMA Group. The company focuses on the mid-price product packaging segment, especially in Asia and Africa. The acquisition will enable them to complete its international portfolio with strategically important and solid service and assembly location. It will also strengthen the company’s service offerings. Thus, enabling it to expand its lifecycle service concept for the African and Asian regions. Hassia India manufactures multilane sachet form, fill and seal machines such as for packaging liquid detergents or cosmetic products. Both companies specialise in powder segments such as the production of portion packs for liquids. Hassia India will continue to operate under its existing brand name.

ITC Paperboards Bhadrachalam Unit conferred GreenCo Platinum+ rating ITC has been carbon positive (15 years), water positive (18 years) and solid waste recycling positive (13 years). The GreenCo Platinum Plus rating puts ITC’s Bhadrachalam unit at par with green standards of other world-class facilities. The GreenCo Platinum + rating is a recognition of our Bhadrachalam unit’s large scale efforts towards combating climate change. Their consistent green endeavors has made them the only company in the pulp and paper sector to have received this accolade. The Green Company rating system evaluates 10 broad green parameters like energy efficiency, renewable energy, CHG emissions, water conservation, waste management, material conservation, green supply chain, product stewardship & life cycle assessment, innovation for environment and green infrastructure. ITC Papers Business inclusive and sustainable forestry value chain has adopted a fiber-sourcing strategy through growing plantations owned by marginal farmers and tribal villages. This has enabled ITC to encourage green cover for over 8 lakh acres and provide 147-million-person days of sustainable livelihood to farmers.

Nodal ministry needed for material recycling industry as per Niti Aayog As per Niti Aayog, there is a need to set up a nodal ministry for the material recycling industry for better regulation and growth. The industry mainly comprises metal, plastic, paper, tyre and e-waste recycling. The nodal ministry to govern the material recycling industry should not be a regulatory ministry, as the policy is critical to push the growth and prospects of the industry. It being a developmental work, the department of industrial policy and promotion would be better placed to have this. The material recycling industry has been grappling with logistics and labour constraints in the aftermath of the COVID-19 outbreak.

Flint Group launches sustainable ink and coating range Flint Group Paper & Board has introduced TerraCode, a sustainable water-based ink and coating range for paper and board packaging applications. Designed to support market demands for sustainable packaging, Flint Group presents an innovative bio-renewable product offering that can be tailor made for converters’ individual needs. With TerraCode, they are delivering a solution, through ink and coating developments, to unlock certain sustainable package print challenges that paper and board converters and their customers are facing. The TerraCode range has been designed to support a wide variety of paper & board applications, including corrugated post and pre-print, food wraps, folding carton, cups, paper bags, and aseptic packaging. In addition to supporting printers and their customers meet sustainability objectives, the TerraCode range delivers on the necessary requirements for premium packaging results, such as high print quality, product consistency, and ease of use. The inks and coatings are bio-renewable content (BRC) certified and sustainably sourced.

VDMA-Newsletter “India”, Edition 07/2020 Contact: Oliver Wack, Phone: +49 69 6603-1444

7 Indian Economic and Industrial Scenario, 7/2020 VDMA INDIA Office

Ports & Shipping

CCI approves acquisition of Krishnapatnam Port Co by Adani Ports and Special Economic Zone Fair trade regulator CCI has given its nod to acquisition of Krishnapatnam Port Company Ltd by Adani Ports and Special Economic Zone Ltd. The proposed transaction involves acquisition of equity shareholding along with management control of 100% of the total issued and outstanding preference share capital of Krishnapatnam Port Company, a combination notice filed with the regulator noted. Krishnapatnam Port Company is engaged as a developer and operator of the deep water port at Krishnapatnam, Andhra Pradesh, while Adani Ports and Special Economic Zone Ltd is a customer- facing integrated port infrastructure services provider present across ten domestic ports in Gujarat, Goa, Kerala, Andhra Pradesh, Tamil Nadu and Odisha.

Shipping Ministry waives off waterway usage charges to promote inland waterways The Shipping Ministry has waived off waterway usage charges in a bid to promote inland waterways as a cheaper mode of transport. Water usage charge was applicable on use of all the national waterways by vessels, and the waiver, applicable immediately, will remain in effect for a period of three years. The decision of waiving waterway charges will attract the industries to use the national waterways for their logistical needs. Presently, Inland Waterways Authority of India (IWAI) levies waterway usage charges at a rate of Rs 0.02 per gross registered tonnage (GRT) per kilometer for plying of Inland cargo vessels and Rs. 0.05 per gross registered tonnage (GRT) per kilometer for plying of Cruise vessels on national waterways. The decision is estimated to increase the inland waterway traffic movement to 110 million metric tonne (MMT) in 2022-23 from 72 MMT in 2019-20, and it will benefit the economic activities and development in the region.

Chunk of 1.10 lakh hectares land with ports to be utilised to develop industries To propel port-led development, the government will ensure industries are set up on a chunk of the 1.10 lakh hectares of land available with India's 12 major ports. Apart from this, plans are afoot to boost cargo handling. Major ports have among them about 1,10,000 hectare land. A chunk of this will be used for developing industries and industrialization for port-led development in the country. India has 12 major ports Kandla, Mumbai, JNPT, Mormugao, New Mangalore, Cochin, Chennai, Kamarajar (Ennore), VO Chidambaranar, Visakhapatnam, Paradip and Kolkata (including Haldia) that handle about 61% of the country's total cargo traffic. These 12 ports had handled 705 MT of cargo in the last financial year.

India opens new chapter in connectivity with Bangladesh via container shipping India flagged off the first trial container ship from Kolkata to Agartala through Chattogram Port of Bangladesh, in a virtual ceremony opening a new chapter in sub-regional connectivity. This has been done under the Agreement on use of Chattogram and Mongla Ports for movement of India’s transit cargo through Bangladesh. The consignment of the trial movement includes two TEUs carrying TMT steel bars destined for West Tripura district and two TEUs carrying pulses destined for Karimganj, Assam. After reaching Chattogram, the consignment will move to Agartala on Bangladeshi trucks. It will reduce distance and time taken in transportation of goods for India and is a win-win for both the economies. Bangladeshi vessels and trucks will be utilized to move the Indian cargo. Dredging of inland waterway routes is ongoing under an MoU, signed by the two countries on development of fairway in selected stretches of Bangladesh waterways with the Government of India bearing 80% of the project expenditure and the balance being borne by the Government of Bangladesh. Cruise services have also commenced between the two countries promoting tourism and people to people contacts.

VDMA-Newsletter “India”, Edition 07/2020 Contact: Oliver Wack, Phone: +49 69 6603-1444

8 Indian Economic and Industrial Scenario, 7/2020 VDMA INDIA Office

Garment and Leather

Readymade garment makers to see 25-30% fall in revenue in FY21 Readymade garment (RMG) makers are likely to witness a 25-30% decline in revenue in ongoing financial year due to the prolonged lockdown and lower discretionary spending. A sharp fall in both domestic and export demand because of the Covid-19 pandemic will crimp garment makers' revenue by 25-30%. For exporters, the fall will be more because of tepid discretionary spending in the US and European Union, which account for 60% of India's RMG exports. With demand depressed in the first half of these fiscal, inventories will remain high, which will add to the woes of exporters and will weaken credit profiles of some large global brick-and-mortar retailers, which will stretch receivables. Cash flows are likely to improve in the second half of this fiscal due to pick up in demand from third quarter as the festive season begins in India and winter season begins in export markets. It would put RMG makers in a better place to service debt obligations.

Apparel retailers FY21 revenue may fall 30% on store closures, low demand due to COVID-19 Store closures, social distancing and lack of demand due to the coronavirus pandemic may cause a 30% dent to revenues of the € 20,732 million (Rs 1.7 lakh crore) organised apparel retailers in the current financial year. Bottomlines (profits) of such companies will also be impacted as the operating profitability is likely to go down by 2%. Companies will be forced to pile up debt as a result of this. Revenue of the € 20,732 million (Rs 1.7 lakh crore) organised apparel retail sector is set to plummet 30- 35% this fiscal because of temporary store closures, restricted mobility and low-income visibility for consumers. Shortfall in profits will force the companies to pile up on debt and will affect their credit metrics. The analysis is based on a sample of 60 rated apparel retailers that represent a third of the sector's revenue, and considers a staggered easing of the lockdown, and majority of stores reopening in June. For value fashion retailers, which represent two-thirds of revenues of sample set, the revenue impact will be lower at 30%, as these have higher presence in Tier-2 and -3 cities.

Arvind Fashions in talks with Reliance Retail to sell two denim brands Arvind Fashions Ltd is in talks with Reliance Retail to sell two denim brands Newport and Ruf & Tuff. The company has been restructuring its businesses for about a year, by trimming its global brands portfolio and pruning unviable outlets. Last year, it exited marketing arrangements with loss-making global labels including Izod, Gant, Nautica and Ed Hardy to focus on US Polo, Gap, Aeropostale, Flying Machine, and other labels. The Bengaluru-based retailer also shuttered a substantial number of its Unlimited stores and virtually exited markets in north India. V-Mart was to ink a deal to fully acquire the Unlimited store chain in March, but the nationwide lockdown in end-March has delayed it. Arvind Fashions was hoping to bring its business on track this year when Covid-19 pandemic hit sales at its offline stores. Recently, Walmart-owned Flipkart picked up a substantial minority stake in Arvind Fashions’ subsidiary Arvind Youth Brands for € 32 million (Rs 260 crore) as part of the home-grown e- commerce company’s plans to strengthen its mid-market fashion portfolio.

Isro receives patent for protective garment for human spaceflight Indian Space Research Organisation has received a patent for its Liquid Cooling and Heating Garment (LCHG) made of biocompatible fabrics and components to provide a comfortable temperature and removal of sweat for astronauts, for use in space for protection from hot and cold environments. These garments have a system for circulating temperature controlling fluid into and out of the garments, for instance, through tubes inside the garment. Isro's invention is designed to permit long term use of the garment without any impact on the wearer in terms of skin irritation or infection and is low in cost of manufacture. The surface temperature of the inner layer was monitored. The air temperature and velocity over the garments was also simulated. Heat transfer effectiveness of the system for coolant flow rate of 100 ml/minute was obtained. Effectiveness of the LCHG system for total heat dissipation was proven by the experiments. It also claimed a heat transfer fluid rate of 50-1000 ml per minute.

VDMA-Newsletter “India”, Edition 07/2020 Contact: Oliver Wack, Phone: +49 69 6603-1444

9 Indian Economic and Industrial Scenario, 7/2020 VDMA INDIA Office

General

ABB India opens new robotic solution delivery facility in Bengaluru ABB India has opened a new robotics facility to support the digital transformation of manufacturing in India. The new ABB robotics solutions delivery facility will enable Indian customers to reap the benefits of Industry 4.0 including cutting-edge robotics and digitalisation technologies to help India become a resilient high-tech manufacturing economy in the world. Spread over 3,600 sq mt at the ABB Nelamangala factory premises in Bengaluru, the new facility will enable ABB India to deliver robotic applications and digital solutions for a variety of Indian industries, including automotive, food and beverage, electronics and other upcoming sectors. This enables rapid innovation, adaption, optimisation and agile delivery of made-to-order robotics applications for Indian customers. The facility includes a demonstration center where the latest technologies in robotic welding, gluing and material handling will be showcased and can be used to carry out joint prove-out sessions with customers. ABB will also integrate an ABB AbilityTM Connected Services team that can remotely monitor an installed base of ABB robots to conduct predictive maintenance and high uptime.

TN inks pacts for over € 3659 million (₹30,000 crore) investments in two months Tamil Nadu signed 16 Memoranda of Understanding envisaging fresh investments totally worth more than € 622 million (Rs. 5,100 crore) that would provide over 6,500 jobs. Within two months, the government has signed MoUs for € 3740 million (Rs. 30,664 crore) investment which is expected to bring 67,212 new jobs to Tamil Nadu. The new projects include Adani Enterprises Limited's data centre at an investment of € 280 million (Rs. 2,300 crore) at Siruseri in nearby Chengelpet district and the initiative would provide 1,000 jobs. Super Auto Forge would set up a forged steel and aluminium parts manufacturing facility at an investment of € 61 million (₹500 crore) at SIPCOT Vadakal industrial park in Kancheepuram district and it would bring new jobs to 800 people.

India eyeing € 22 billion (Rs 1.75 lakh crore) in turnover in Defence manufacturing by 2025 The government is eyeing a turnover of € 22 ($ 25) billion, (Rs 1.75 lakh crore) in Defence manufacturing by 2025 as it has identified the sector as a potential driver to boost the overall economy. The draft Defence Production and Export Promotion Policy 2020 set an export target of € 4.55 ($ 5) billion, (Rs 35,000 crore) in aerospace and defense goods and services in the next five years, which has been estimated as part of the total projected turnover. The policy is envisaged as overarching guiding document of the defense ministry to provide a focused, structured and significant thrust to production of military hardware and platforms for self-reliance and exports. The policy is aimed at developing a dynamic, robust and competitive defense industry, including aerospace and naval shipbuilding, to cater to the needs of the armed forces. India is one of the most lucrative markets for global defense giants as it figured among top three importers of military hardware in the world for the last eight years. It also suggested steps to promote export of defence products to make India become part of the global defence supply chain. The policy brought out multiple strategies under a range of focus areas indigenization and support to MSMEs and startups, optimisation of resource allocation, FDI in defense, ease of doing business, quality assurance and testing infrastructure and export promotion.

GMRIT launches artificial intelligence lab in Andhra Pradesh The GMR Institute of Technology (GMRIT) at Rajam, Srikakulam district in Andhra Pradesh has inaugurated an artificial intelligence laboratory set up to provide training and certification on AI applications development to its students and faculty through a new curriculum. The laboratory is equipped to offer specialized training in AI and related technologies to students of all branches of Engineering. The curriculum is tuned with the needs of the Jobs Landscape 2020 of World Economic Forum (WEC). This AI laboratory is set up with High-Performance Computing facility with NVIDIA QUADRO RTX6000 workstations and P1000 desktops.

Karnataka’s new industrial policy sets out to attract € 60,976 million (Rs. 5 lakh-cr) investment The Karnataka state cabinet cleared the New Industrial Policy 2020-25 that aims to attract € 60,976 million (Rs 5 lakh crore) worth investments over the next five years, and create about 2 million jobs to help mitigate the economic impact of the covid-19 crisis. The policy also outlines the state's target to reach the third position in merchandise exports in the next five years. The policy also adopts a production turnover based incentive system instead of tax based incentives, which was the first such initiative in India. The state government has relaxed several laws governing industries, land and even diluted labour laws in Karnataka to attract big and medium ticket investments. The state government reiterated its focus areas which include Automobiles & Auto components, Pharmaceutical & Medical Devices, Engineering and Machine Tools, Knowledge based industries, Logistics, Renewable Energy, Aerospace & Defence and Electric Vehicles among others. VDMA-Newsletter “India”, Edition 07/2020 Contact: Oliver Wack, Phone: +49 69 6603-1444

10 Indian Economic and Industrial Scenario, 7/2020 VDMA INDIA Office

Focus State – Uttar Pradesh

Governor : Smt Anandiben Patel

Chief Minister : Shri Yogi Adityanath

General Facts Area (sq km) 2,43,286 sq kms Total Population 20.42 crores

Literacy Rate 67.1% Chaudhary Charan Singh International Airport, Lal Bahadur Shastri International Airport, Bamrauli Airport, Chakeri Airport, Civil Airport, Kheria Aiport, Sarvasa Airport, Hindon Airport, Faizabad Airport, Jewer Airport, Lalitpur Airport, Jhansi Airport, Gorakpur Airport, Taj International Airport, IIT Kanpur (Kalyanpur Airport), Bareilly Airport, B.R. Ambedkar Airport, Airports Kushinagar Airport.

Infrastructure

Roads Uttar Pradesh is well-connected to its 9 neighbouring states & other parts of India through 48 national highways. The length of national highways running through the state accounts for about 8.5% of the total National Highway (NH) length in India. Yamuna Expressway has 6 lanes & is 165-km long with controlled-access which connects Greater Noida with Agra. As of April 2019, 14,804 habitations were eligible under Pradhan Mantri Gram Sadak Yojana (PMGSY), out of which 11,749 were cleared and further 11,747 habitations were connected.

Railways Uttar Pradesh has the biggest railway network in the country with a railway density of 40 km which is double the rail density of the India. Various parts of the state are catered to five of the 17 railway zones in India. These are Northern Railways, North Eastern Railways, East Central Railways, North Central Railways and West Central Railways. As per state budget 2019-20, Uttar Pradesh Government has increased its railway budget compared to previous year to € 8.36 ($ 9.19) billion Rs 64,279 crore for development of several projects such as re- development of Charbagh railway station, Lucknow Junction and Gomti Nagar stations , over bridge at Malhaur and development of passenger amenities at Alamnagar station. In July 2019, the Cabinet Committee on Economic Affairs (CCEA) approved the construction of an 81.17 kilometres long new railway line between Sahjanwa and Dohrighat in Uttar Pradesh.

By Air The state has six domestic airports, located at Agra, Allahabad, Gorakhpur, Kanpur, Lucknow and Varanasi. International flights operate from Chaudhary Charan Singh International Airport, Lucknow, and Lal Bahadur Shastri Airport, Varanasi. In 2019-20, Lucknow and Varanasi airports handled 14,882 million tonnes and 3,580 million tonnes of freight, respectively. Rs 800 crore € 101.56 ($ 111.6) million has been earmarked to acquire land for the Jewar airport, which is coming up near the national capital. In December 2019, Zurich Airport International got the approval from state cabinet to develop and construct the Jewar Aiport.

VDMA-Newsletter “India”, Edition 07/2020 Contact: Oliver Wack, Phone: +49 69 6603-1444

11 Indian Economic and Industrial Scenario, 7/2020 VDMA INDIA Office

Power Uttar Pradesh was one of the state to bring in power sector reforms in the country. The fundamental restructuring of the state power sector was processed in mid 1990s, wherein world bank was one of the main agencies funding in power sector reforms in India. As of March 2020, Uttar Pradesh had an installed power generation capacity of 26,162 MW – 6,218 MW under state utilities, 12,837 MW under private utilities, and 7106 MW under central utilities. Thermal power contributed 19,239.78 MW to the state’s total installed power generation capacity, followed by 3,396.53 MW from hydropower, 289.48 MW from nuclear power, and 3,235.71 MW from renewable power. Energy requirement in the state was 107,109 million units (MU) in 2019-20. Power demand in the state in 2019-20 reached 22,599 MU.

Telecom The Uttar Pradesh circle has good telecom infrastructure, with all the major players providing services in the state. The state has a huge postal circle (17,670 post offices) divided into six regions: Allahabad, Agra, Bareilly, Gorakhpur, Kanpur and Lucknow. By end of January 2020, 48.55 million subscribers had submitted request for mobile number portability in Uttar. Pradesh.

Economy At current prices, Gross State Domestic Product (GSDP) of Uttar Pradesh was € 233.2 ($ 256.30) billion Rs 17.91 trillion in 2020-21. The GSDP grew at a CAGR of 7.49% from 2015-16 to 2020-21. The state’s per capita GSDP in 2018-19 was € 861.23 ($ 953) Rs 68,792. Per capita GSDP increased at a CAGR of 9.02% between 2015-16 and 2018-19.

At current prices, net state domestic product (NSDP) of Uttar Pradesh was € 17305 ($ 190.66) billion Rs 13.76 trillion in 2018-19. The NSDP grew at a CAGR of 10.91% between 2015-16 and 2018-19. The state’s per capita NSDP in 2018-19 was € 774 ($ 850) Rs 61,351. Per capita NSDP increased at a CAGR of 9.24% between 2015-16 and 2018-19.

In 2018-19, the tertiary sector contributed 48.79% to Uttar Pradesh’s Gross State Value Added (GSVA) at current prices, followed by the primary sector (26.94%) and secondary sector (%). The tertiary sector grew the fastest among the three sectors from 2011-12 to 2018-19 (14.10% CAGR). The growth was driven by trade, hotels, real estate, finance, insurance, transport, communications and other services. The primary sector expanded at a CAGR of 12.17% between 2011-12 and 2018-19. The growth was driven by agriculture and forestry. The secondary sector expanded at a CAGR of 11.03% between 2011-12 and 2018-19. This was driven by manufacturing, construction, and electricity, gas & water supply.

According to Department for Promotion of Industry and Internal Trade (DPIIT), cumulative FDI inflow1 in Uttar Pradesh stood at € 857.22 ($ 942) million between April 2000 and March 2020. In February 2020, state organised Defence Expo-2020 and received proposals worth € 64.54 ($ 70.93) billion, Rs 5 lakh crore for investment. A 50-member delegation from US, representing 26 major companies has shown interest in investment opportunities in Uttar Pradesh, giving a boost to employment opportunities in the state. In 2019, 147 investment intentions worth (US$ 4,404 billion) were filed in Uttar Pradesh. Merchandise exports from Uttar Pradesh reached € 14.82 ($ 16.29) billion, Rs 16,799 crore in 2018-19 and € 11.66 ($ 12.82) billion in April-December 2019.

Urban Infrastructure Uttar Pradesh Government targets improving basic urban infrastructure and water supply in 61 cities and towns with a population of above one lakh each by 2019-20. The Government of Uttar Pradesh has proposed an investment of € 781 ($ 858.49) million for the Swachh Bharat Mission (Gramin) in State Budget 2019-20. As per State Budget 2019-20, a total amount of € 1.5 ($ 1.63) billion (Rs 11,396 crore) has been allocated to ‘Pradhan Mantri Awas Yojna’ and around € 812 ($ 892.83) million (Rs 6,240 crore) allotted ‘Mukhya Mantri Awas Yojna’. In the State Budget 2019-20, an allocation of € 385 ($ 422.66) million (Rs 2,954 crore) for National Rural Drinking Water programme. In 2019, the state recorded the fastest construction of houses under the Pradhan Mantri Awas Yojna with 14.26 lakh houses constructed from 2016-17 to 2019-20.

Under the Smart Cities Mission launched by the central Government in Uttar Pradesh, 13 cities were proposed to be developed as smart cities. In August 2015, 12 cities were shortlisted to be developed as smart cities, namely - Kanpur, Lucknow, Allahabad, Jhansi, Moradabad, Aligarh, Saharanpur, Bareilly, Varanasi, Ghaziabad, Agra, and Rampur. Out of these, 7 cities have been included by the central Government, until the third round of the mission. In the fourth round released in January 2018, 3 new VDMA-Newsletter “India”, Edition 07/2020 Contact: Oliver Wack, Phone: +49 69 6603-1444

12 Indian Economic and Industrial Scenario, 7/2020 VDMA INDIA Office cities have been chosen, namely, Bareilly, Moradabad and Saharanpur. As per State Budget 2019-20, amount of € € 260 ($ 286.16) million (Rs 2,000 crore) has been allocated for ‘Smart City Mission.

Social Infrastructure

Education Uttar Pradesh has 79 universities out of which 28 are state universities, 9 are deemed universities, 4 central universities, and 29 private universities. As of 2018-13, Uttar Pradesh has 79 universities, 7,078 colleges and 3,143 Industrial Training Institutes. The state is one of the few states to have successfully implemented the “education for all” policy. Consequently, the state has made various investments towards escalation of the standard of education across various levels. The state has a good presence of private players in the education sector. In the State Budget 2019-20, the state Government allocated € 296.21 ($ 325.51) million, Rs 2,275 crore for Mid-Day-Meal, € 1.28 ($ 1.41) million, Rs 10 crore has been allocated towards the establishment of state inter colleges, € 2.56 ($ 2.82) billion, Rs 18,167 crore for Sarva Shiksha Abhiyan. Allocations of € 67.77 ($ 74.48) million, Rs 480 crore and € 3.66 ($ 4.03) million, Rs 167 crore have been made for ‘Rashtriya Madhyamik Shiksha Abhiyan’ and ‘Rashtriya Uchchatar Shiksha Abhiyan’, respectively. According to the provisional data of Census 2011, Uttar Pradesh has a literacy rate of 69.72%; the male literacy rate is 79.24% and the female literacy rate is 59.26%.

Health The state has a 3-tier public healthcare infrastructure, comprising primary health centres (PHCs), health units, community health centres (CHCs) & sub-centres. As per state budget 2018-19, the state had 170 mobile medical units (MMU) to provide a range of preventive & curative healthcare services at PPP route, the state also has 100 new Ayurveda hospitals. In May 2020, the state had 3,594 primary health centres, 21,057 sub-centres, 5,417 community health centres and 195 district hospitals and 6 sub- district hospitals.

Industrial Infrastructure Uttar Pradesh, a state with an access to a robust industrial infrastructure, has 15 industrial areas, 12 specialised parks, 4 growth centres & Industrial Infrastructure Development Centres (IIDC). As of November 2019, Uttar Pradesh had 20 notified, 13 operational SEZs and 23 formally approved SEZs. The state has proposed 40 IT/ITeS parks (apart from IT SEZs), 2 biotech zones & a knowledge park. The development of integrated agro/food processing zones has been proposed at Hapur, about 54 km from Delhi. The state Government sanctioned 20 SEZs in the state to accommodate various sectors such as IT/ITeS, textiles, handicrafts, and non-conventional energy. IT/ITeS accounted for the maximum share of approved SEZs in the state which accounted for 80% of the 20 SEZs, followed by electronic products contributing 18% to the overall share.

Key Industries in the State

IT & ITeS The major factors backing the IT & ITes industry in the state are the structured incentives to IT & ITeS companies. For instance IT/ITeS companies with investments of more than € 0.72 ($ 0.79) million can avail interest free loans. Moreover the increasing up gradations in the infrastructure owing to rising investments along with proximity to the pool of talent are additional positive factors for the IT/ITes industry in the state. As per budget 2018-19, an amount of € 4.23 ($ 4.65) million, Rs 30 crore have been allotted for e-office system in all Government offices and an allocation of € 35.30 ($ 38.79) million, Rs 250 crore for start up fund. The state cabinet approved UP Defence and Aerospace Units and Employment Promotion Policy 2018, with an intention to generate 0.25 million jobs and expects an investment of € 6.78 ($ 7.46) billion, Rs 50,000 crore over the next five years.

Agro & Food Processing Uttar Pradesh is the largest producer of Vegetables, wheat and food grains in India. Major food grains produced in the state include rice, wheat, maize, millet, gram, pea and lentils. Production of vegetables stood 1,002.64 thousand MT in 2018-19. Food grain production in 2016-17 stood at 49,903.1 thousand tonnes in the state. In 2017-18, food grain production in the state stood at 51,252.7 thousand tonnes and 18,416.3 thousand tonnes under Kharif season in 2018-19. In 2018-19, exports of major agriculture commodities from Uttar Pradesh stood at € 2.29 ($ 2.52) billion and reached € 1.61b($ 1.77) billion during April-December 2019. As of May 2020, 125 Agricultural Produce Market Committees (APMCs) were linked with National Agriculture Market (eNAM) in the state.

Easy access to raw material and huge potential of establishing new units in Eastern Uttar Pradesh have given a boost to sugar manufacturing in the state. There is a huge demand for by-products of the sugar

VDMA-Newsletter “India”, Edition 07/2020 Contact: Oliver Wack, Phone: +49 69 6603-1444

13 Indian Economic and Industrial Scenario, 7/2020 VDMA INDIA Office industry. Uttar Pradesh is the second largest sugar producing among states in India. Sugarcane is produced in 44 districts of the state & of these districts, 28 districts are major sugarcane producing districts. As of November 2017, there were around 110 operational sugar mills in the state. The state is among the largest sugarcane producers in India and accounted for 47.00% of the country’s sugarcane production in 2018-19, total sugarcane production was around 179.715 million tonnes in 2018-19. Uttar Pradesh is estimated to have higher sugarcane area at 22.24 lakh hectares in 2018-19.

Uttar Pradesh is recognised as a major milk-producing state in India. Milk production in the state stood at 30.5 million tonnes in 2018-19, accounting for 16.50% of the total milk production in the country. Per capita milk availability in the state stood at 359 grams per day in 2018-19. The dairy sector of the state is anticipated to show enormous growth after the incorporation of National Dairy Plan (NDP). National Dairy Plan has been introduced in eight districts of Uttar Pradesh namely Meerut, Ambedkarnagar, Lucknow, Bijnore, Gonda, Farrukhabad, Barabanki and Faizabad. The plan will encourage the state to introduce scientific measures to increase milk production. The phase 1 of the National Dairy Plan is for a period from 2011-12 to 2018-19. As per sources, € 5.58 ($ 6.13) million, Rs 42.90 crore has been released for National Programme for Dairy Development (NPDD) schemes.

Tourism Uttar Pradesh is one of the most preferred states in the country due to the presence of a bouquet of tourist destinations in the state. The eminent tourist & historical destinations are Varanasi, Piprahwa, Kaushambi, Shravasti, Kushi Nagar, Agra, Lucknow, Chitrakoot, Jhansi, Allahabad, Vrindavan & Meerut. Varanasi, being one of the most prominent religious & cultural cities in India, attracts a huge chunk of tourists every year. Recently the central Government launched a policy to encourage tourism in the city, which is expected to boost the sector significantly. In 2019, domestic tourists arrival in the state was around 535.8 million, second in the country. Foreign tourists arrival crossed 4.74 million, third highest in the country. Kumbh Mela that was held in March 2019, witnessed around 24.01 crore people visiting the Sangam city including 10.30 lakh foreign tourists.

Renewable Energy Uttar Pradesh has capacity to produce 30.27 GW of renewable energy. The state Government has set an objective of annual addition for production capacity of solar energy to 2,000 MW. The state has tremendous potential to increase its biomass energy production in 97,589 villages. the state is the largest producer of sugarcane and second largest producer of rice in India, the by-product bagasse and rice husk form abundant raw material base for power production. The state is rapidly increasing its installations for renewable energy production. There has been 38% increase in production capacity of grid connected to renewable energy in 2018-19.

State Acts & Policies UP Defence and Aerospace Units and Employment Promotion Policy, 2018 To attract investors by offering a slew of incentives for establishing units along the corridor. To generate 0.25 million jobs in collaboration with Employment Promotion Policy 2018.

New Tourism Policy 2018 To attract € 702.811 ($ 772.32) million, Rs 5,000 crore every year in investments. To achieve 15% and 10% growth in domestic tourist footfall and foreign tourist footfall, respectively. To generate employment for 500,000 people annually.

Uttar Pradesh Information Technology & Start-up Policy, 2017- 22 Promotion of Uttar Pradesh as a preferred and attractive location for investments for various IT/ITeS companies. To establish IT Parks as well as IT cities for the development of IT Infrastructure in the state.

Uttar Pradesh Tourism Policy, 2018 Attract € 702.811 ($ 772.32) million, Rs 5,000 crore every year in investments and to achieve 15% and 10% growth in domestic tourist footfall and foreign tourist footfall, respectively To develop alternate tourism products which are unique to the culture, heritage and geography of the state.

Uttar Pradesh Civil Aviation Promotion Policy 2017 To create a conducive business environment, provide adequate incentives for the development of robust civil aviation infrastructure and to aid in attracting investments to realize the untapped potential in the aviation sector. To realize the full potential of tourism by linking major state tourist destinations with rest of India and the world To facilitate trade and generation of employment opportunities.

VDMA-Newsletter “India”, Edition 07/2020 Contact: Oliver Wack, Phone: +49 69 6603-1444

14 Indian Economic and Industrial Scenario, 7/2020 VDMA INDIA Office

Uttar Pradesh Electronic Manufacturing Policy 2017 To promote the growth of Electronics Manufacturing Industry in the state by providing conducive environment and position Uttar Pradesh as the most preferred Investment destination.

Uttar Pradesh Solar Power Policy 2017 The purpose of this policy is to Achieve target of 8 per cent Solar Renewable Purchase Obligation (Solar RPO) by 2022.

Uttar Pradesh Handloom, Power-loom, Silk,Textile and Garmenting Policy 2017 The major purpose of this policy is to enhance investment and generation of employment in the textile industry so that the per capita income of State comes at par with the per capita income of the nation.

Uttar Pradesh Mini Grid Policy, 2016 The purpose of this policy is to market the distributed power generation by controlling the renewable energy which includes biomass, solar, etc. Further, the policy also aims to provide skill development training and creating employment opportunities at the local level.

State Housing and Habitat Policy 2014 The purpose of this policy is to create opportunities for land owners who are donating their land for state development projects.

Sugar Industry, Cogeneration and Distillery Promotion Policy 2013 To entice private capital for setting up new sugar mills, co-generation plants and distilleries in the state and exploit the potential of the sugar industry.

Biotech Policy 2014 To preserve bio resources for sustainable commercial use. To develop sufficient institutional related infrastructure for development and diffusion of biotechnology.

Infrastructure & Industrial Investment Policy 2012 To boost the industrial capacity of the state To attain an industrial development growth rate of 11.2 per cent per annum, alongside the target of 10 per cent per annum growth in SGDP as visualised in the Twelfth Five Year Plan.

VDMA-Newsletter “India”, Edition 07/2020 Contact: Oliver Wack, Phone: +49 69 6603-1444

15 Indian Economic and Industrial Scenario, 7/2020 VDMA INDIA Office

Seminars & Exhibitions

Drink Technology India 2020 Date Venue Organizer Profile Products/ Participants

Bombay Messe Muenchen India Drink technology is . Soft drinks Exhibition Pvt. Ltd. an International . Water Centre trade fair for . Fruit Juice

Solitaire Corporate Park beverage and liquid . Beer and brewing Mumbai food technology Building No. 7, 167, Unit Equipment No. 762/862, . Wine, sparkling wines Guru Hargovindji Marg, Retrospect: and spirits 2019 (Andheri-Ghatkopar Link Road), Andheri (East), . Milk, liquid milk products Mumbai – 400 093, India . Liquid Food (e.g vinegar, Exhibitors: 90 mustard, ketchup or soya Tel: 022 4255 4744 / 022 products) 11th December 2020 December 11th Visitors: 6,481 4255 4744 . Oils & Fats – Email: bhola.mandal@mm- india.in, kuldeep.bedi@mm- india.in

9th December December 9th Website: www.drinktechnology- india.com

Pacprocess & food pex 2020 Date Venue Organizer Profile Products/ Participants

Bombay Messe Düsseldorf India Pacprocess & food . Packaging machines Exhibition Pvt. pex Mumbai is the . packaging materials Centre leading event for . Machines and equipment the processing & Ltd. 302 – 302A, 3rd for the processing of Mumbai Floor Salcon Aurum, packaging industry other food products in India. Plot No. 4 Jasola . Machines and equipment Retrospect: District Centre Near for the production of Apollo Hospital Jasola, 2018 confectionery and bakery New Delhi 110 025 . Machines and equipment Exhibitors:343 India for the production of pharmaceuticals and

Tel: +91 11 4855 0000, Countries: 16 cosmetics

11th December 2020 December 11th Ext. 656 / +91 22 66789

– 9933, Ext. 104 . Storage, logistics and Square (Sqm): transport equipment 16,500sqm Email: . Services pacprocess@md- . Recycling and eco- india.com; friendly packaging December December pacprocess@md- . Automation india.com 9th technologies, components, Website: accessories www.md-india.com

VDMA-Newsletter “India”, Edition 07/2020 Contact: Oliver Wack, Phone: +49 69 6603-1444

16 Indian Economic and Industrial Scenario, 7/2020 VDMA INDIA Office

Activities & services of the VDMA India Office Promote sales of members in participating divisions within VDMA especially exports, including participation in exhibitions.

Organize symposia and similar presentations of German companies in India.

Participate and service bilateral programs such as those in existence, with governmental participation between Germany and India.

Furnish information about the complete product program of the German industry to assist Indian companies to identify right partners for mutual business relationship.

Provide information on market trends, prospects, future development, new projects and tenders.

Contact: VDMA INDIA SERVICES PRIVATE Mr. Sandip Roy, Regional Head-East LIMITED Telephone: +91 33 40602364 Fax: +91 33 2321 7073 E-mail: [email protected] Mr. Rajesh Nath, Managing Director GC 36, Sector III, Salt Lake Mr. Rijoy Sengupta, Regional Manager- Kolkata– 700106, India North Telephone: +91 33 40602364 Telephone: 01204255029 Fax: +91 33 2321 7073 Mobile: 7044080755 E-mail: [email protected] Email: [email protected]

Ms. Jamly John, General Manager Mr. S Manohar, Regional Head-South Telephone: 022 6818 1087 / 88 Telephone: 08025595901 / 43007722 Mobile: 9819045109 Mobile: 9663310403 Email: [email protected] Email: [email protected]

VDMA India Quarterly Newsletter-German Machinery Industry

The VDMA India office publishes a Quarterly Newsletter-German Machinery Industry. This Newsletter informs the Indian industry about the development in the German Machinery industry in various industrial sectors. This Newsletter has a circulation of around 7000 copies in different industrial divisions. The VDMA member companies have the possibility of giving an advertisement in this Newsletter at a discounted rate.

For further details, please contact:

Mr. S Manohar: [email protected]

VDMA-Newsletter “India”, Edition 07/2020 Contact: Oliver Wack, Phone: +49 69 6603-1444