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4/2018
INDIA Contact: Rajesh Nath, Managing Director Please Note: Jamly John, General Manager Telephone: +91 33 40602364 1 crore = 10 000 000 Fax: +91 33 2321 7073 1 lakh = 100 000 E-mail: [email protected] 1 Euro = Rs.78
The Economic Scenario
Economic Growth The World Bank has forecasted a growth rate of 7.3% for India this year and 7.5% for the next two years, making it the fastest growing country among major emerging economies.
India's economy is beleived to be robust, resilient and has the potential to deliver sustained growth. Growth in India is projected to advance 7.3% in Fiscal Year (FY) 2018/19 (April 1, 2018-March 31, 2019) and 7.5% in FY 2019/20, reflecting robust private consumption and strengthening investment.
The growth in South Asia is projected to strengthen to 6.9% in 2018 and to 7.1% in 2019, mainly as factors holding back growth in India fade. India retains the tag of the fastest growing country among the world's major emerging economies. India's growth projections remain unchanged since its January 2018 forecast. China is expected to slow down slightly from 6.9% in 2017 to 6.5% in 2018, 6.3% in 2019 and 6.2% in 2020.
India's growth potential is about 7%, and it is currently growing at a pace above its potential attributing it to the major economic reforms and fiscal measures undertaken by the government. Noting that India's growth prospects are strong, the potential growth rate of India is around 7%.
There are risks that all emerging market economies are facing because of global economic developments like the disorderly tightening of global financial conditions that could have implications for emerging market economies.
Like other oil importers, India is also facing a higher oil prices. In India, investment growth has firmed recently, as the effects of temporary factors wane. The growth in South Asia is projected to accelerate to 6.9% in 2018, mainly reflecting strengthening domestic demand in India as temporary policy-driven disruptions fade.
VDMA-Newsletter “India”, Edition 4/2018 Contact: Oliver Wack, Telephone: +49 69 6603-1444 2 Indian Economic and Industrial Scenario, 4/2018 VDMA INDIA Office
Elsewhere in the region, ongoing recoveries in Bangladesh, Pakistan and Sri Lanka are expected to be accompanied by moderating activity in Afghanistan, Bhutan and Maldives.
India is committed to a broad-based trade and investment agreement with the EU to be achieved in a generous spirit of mutual accommodation and of pragmatism as per the Indian Government. Indian companies are significant investors in the EU, in industries as far apart as pharmaceuticals and automobile components.
India remains committed to an India-EU Broad-based Trade and Investment Agreement (BTIA). The negotiations for the BTIA have been held up since May 2013 and both the sides are yet to bridge substantial gaps on crucial issues.
Since June 2007, both the sides have completed 16 rounds of talks and five stock-taking meetings on the proposed pact. The negotiations have witnessed many hurdles with both sides having major differences on key issues like intellectual property rights, duty cut in automobile and spirits and liberal visa regime.
Besides demanding significant duty cuts in automobiles, the EU wants tax reduction on wines, spirits and dairy products, and a strong intellectual property regime.
On the other hand, India is asking the EU to grant it data secure nation status. The country is among the nations not considered as data secure by the EU. The matter is crucial as it will have a bearing on Indian IT companies wanting market access to the countries in the bloc.
India will endeavour to have a balanced RCEP trade agreement as it would cover 40% of the global GDP and over 42% of the world's population.
The Regional Comprehensive Economic Partnership (RCEP), negotiations for which started in November 2012, aims to cover goods, services, investments, economic and technical cooperation, competition and intellectual property rights.
The RCEP bloc comprises 10 Asean members (Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos and Vietnam) and their six FTA partners - India, China, Japan, South Korea, Australia and New Zealand.
There are risks in this because India has huge adverse balance of trade with China, Japan, South Korea and Asean. So far, 22 rounds of negotiations have concluded besides five minister-level meets. The services sector is an important component of the pact.
India's trade deficit with China stood at € 51 ($ 63.12) billion in 2017-18. India wants certain deviations for such countries. Under deviations, India may propose a longer duration for either reduction or elimination of import duties for such countries.
India already has a free trade pact with Association of South East Asian Nations (ASEAN), Japan and South Korea. It is also negotiating a similar agreement with Australia and New Zealand but has no such plans for China.
The US has surpassed India to become the top destination for greenfield FDI investment in 2017. The number of greenfield FDI projects in India during the year fell sharply by 21% to 637. India had maintained the numero uno slot in greenfield FDI investment in 2015 and 2016. However, in 2017, the US reclaimed the spot from India, recording € 72 ($ 87.4) billion of announced Foreign Direct Investment (FDI).
In the Asia and Pacific region, China was on top in terms of FDI in total number of new projects and capital investment, followed by India. China received foreign capital investment of € 42 ($ 50.8) billion in 2017 in greenfield projects, compared to India's € 21 ($ 25.1) billion. China received investments in 681 projects as against 637 in case of India.
Globally in 2017, greenfield FDI weakened with the number of FDI projects declining by 1.1% to 13,200. Capital investment decreased 15.2% to € 543 ($ 662.6) billion alongside a 9.4% decline in job creation to 1.83 million.
India was replaced by the US as the highest ranked country for FDI by capital investment boosted by major announcements from Foxconn and Saudi Basic Industries to invest billions in single plants. The US was also the highest ranked country for FDI by number of projects, recording 1,627 announcements.
VDMA-Newsletter “India”, Edition 4/2018 Contact: Oliver Wack, Telephone: +49 69 6603-1444
3 Indian Economic and Industrial Scenario, 4/2018 VDMA INDIA Office
Industry Scenario
Infrastructure
GVK achieves financial closure for Navi Mumbai airport A GVK-led venture that has won the bid for a € 2051 million (Rs 16,000 crore) second airport project in Mumbai, announced the financial closure for its first phase of construction. The concession agreement for the airport was signed in January this year between the GVK arm Navi Mumbai International Airport (P) Ltd and the City and Industrial Development Corporation of Maharashtra Ltd. (CIDCO), the nodal body for the project. NMIAL is a public private partnership venture in which the GVK led Mumbai International Airport (P) Ltd., (MIAL) that operates the existing airport in the city has a 74% stake. CIDCO holds the remaining 26%.
AAI may partner Gujarat government for Dholera Airport Project The Airport Authority of India (AAI) is likely to partner with the government of Gujarat to build the € 256 million (Rs 2,000 crore) Dholera airport project. Equity participation between AAI and government of Gujarat will be 51% and 49%, respectively. The airport at the biggest upcoming greenfield city in India under the Delhi-Mumbai Industrial Corridor (DMIC) project at Dholera will be built over four years. The Dholera Industrial City Development (DICDL) is the special purpose vehicle (SPV) formed by the DMIC Trust and the government of Gujarat to administer the special investment region (SIR). It is seeking investments from defence and aerospace, heavy engineering, auto and auto ancillaries, manufacturing, pharma and biotechnology and MSMEs, among other sectors, thereby, proposing employment for 8.27 lakh people during the course. With a total footprint of over 920 sq km, Dholera is the biggest of the eight industrial smart cities being developed in the first phase of the € 82 ($100) billion DMIC project.
Adani Logistics, NYK arm form rail logistics JV for auto sector Adani Logistics, an arm of Adani Ports and SEZ, has signed an agreement with NYK Auto Logistics India to form a joint venture that will specialise in transportation of finished vehicles using freight trains. Adani Logistics already has category 1 licence from the railway ministry which allows it to operate container trains on the broad-gauge network of the Railways throughout the country. The joint venture aims at strengthening the finished vehicles transportation service network in the country. The JV will participate in AFTO policy of the Railways and offer its automobile freight trains to ferry vehicles across the country in a more efficient manner. Accordingly, the JV is planning to commence operation with six automobile freight trains, which will be scaled up to 25 over the next three years.
Indian Railways to use AI to manage track maintenance blocks Artificial intelligence (AI) that can diagnose the condition of rail tracks will be used by the railways to prepare a repair and replacement calendar and improve punctuality of trains. In India, unplanned track maintenance work is often cited as a reason why train operations descend into chaos. The use of AI will ensure that at least 90% of trains run on time as routine maintenance work would be planned in advance on the basis of the AI-aided calendar. the national transporter is already procuring automatic track detection machines which, through AI, can predict the life of tracks and track joints. The move is also seen substantially reducing the number of train accidents.
Train 18: Made-in-India 160 kmph train to run from September India's much-awaited indigenously manufactured semi high-speed train, code-named Train 18, is expected to be rolled out in September. The train, built by Integral Coach Factory (ICF) of Chennai to promote Make in India, is capable of running at a speed of 160 km per hour. The train has been built in record time of 16 months. Train 18 doesn't require an engine to run as it will be self-propelled on electric traction like the metro trains. It will replace existing intercity express trains including Shatabdis. ICF will make six such train sets, out of which two will have sleeper coaches. The train has some striking features to enhance passenger comfort. The most prominent feature is that all coaches are inter- connected by fully sealed gangways to enable passenger movement from one coach to another.
VDMA-Newsletter “India”, Edition 4/2018 Contact: Oliver Wack, Telephone: +49 69 6603-1444
4 Indian Economic and Industrial Scenario, 4/2018 VDMA INDIA Office
Automobile
M&M signs two MoUs with Maharashtra government for 1000 EVs Mahindra & Mahindra, a leader in the nascent electric vehicle market in India signed two different Memorandum of Understanding with the Government of Maharashtra (GoM), to further commit additional investment € 64 million (Rs 500 crore) in the manufacturing of electric vehicle components at its Chakan Plant and deploy 1000 electric vehicles in the state in the next one year. Under the aegis of the first MoU the company will make efforts to become fully electric ready by further investing in its Chakan plant for manufacture of EVs, e-motor, controller, battery pack and other electric vehicle components for multiple mobility applications related to battery pack assembly of EVs. The second MoU underlines the intent to explore a strategic alliance to enable Mahindra to deploy EVs across key cities in Maharashtra. Towards this, both the company and the Government will work closely with various fleet partners, taxi aggregators, logistics companies, amongst others to deploy 1,000 electric cars over the next 1 year.
Suzuki's automobile production in India crosses 20 million milestone Suzuki Motor Corporation (SMC) has achieved accumulated automobile production of 20 million units in India. With this, India becomes the second country after Japan where Suzuki has reached this milestone. MC, which began its journey in India through a joint venture with the Central government - Maruti Udyog, finds the country as the fastest to reach 20 million units in 34 years and 5 months since starting production in December 1983, breaking the record of 45 years and 9 months in Japan. While MSIL produces vehicles at Gurgaon and Manesar plants, SMG rolls out vehicles from its Gujarat facility. In 2017-18, around 1.78 million units were produced in India, of which 1.65 million units were sold in the domestic market and 1,30,000 units were exported to over 100 countries and regions including Europe, Japan, Asia, Africa, and Latin America.
Nissan to bring its electric car to India this fiscal year The second generation Nissan Leaf, one of the top selling electric cars in the world, will make its India debut in the current fiscal year. The Japanese automaker is keen on introducing its advanced global products into its India portfolio, starting with the Leaf 2. Nissan plans to bring a fleet of the Leaf 2 for test drives in Chennai, where its 650-acre plant with Renault is located. The company, in an aggressive push to increase market share, will be launching new products every six months from the start of the festival season later this year.
Volkswagen to invest over € 1 billion in India, Skoda to lead the charge The Volkswagen Group announced a commitment to invest more than Euro 1 billion (Rs 7,800 crore), as it aims to reboot its India business, with Czech unit Skoda Auto leading the charge. The group has set a target of garnering a 5% market share in India between the Volkswagen and Skoda brands by 2025. The two put together currently have a share of less than 2% in the Indian passenger vehicle market of 3.27 million units a year. The funds will go into setting up a new manufacturing line, a product development centre and localisation of the MQB A0 platform, which will spawn a range of cars starting with a compact SUV. The expansion is expected to generate 4,000-5,000 engineering jobs at the two facilities. As per the plan, Skoda will initially develop the MQB A0 architecture with a focus on India. In the second phase, it will be assessing the possibility of exporting India manufactured vehicles.
Volvo cars to bring hybrids, plug-in EVs to Indian market Swedish luxury-car manufacturer Volvo Cars is betting on plug-in hybrid and electric technology over the conventional internal combustion engine (ICE) in the Indian market. Volvo bets on plug-in hybrid and electric cars for India. The automaker, which has been aggressive in bringing its global models to India, will now not invest in diesel vehicles here. Instead, it will focus on electric cars and plug-in hybrids, which are electric vehicles that can also run on conventional fuels. They would likely launch locally produced XC90 SUV with plug-in hybrid technology in last quarter of this fiscal year. Volvo Cars is also confident that it will stop making ICE-only models from 2019. To sustain the growth momentum along with new model launches, Volvo Cars will add five dealerships to its network this year in India, taking the total count to 27.
VDMA-Newsletter “India”, Edition 4/2018 Contact: Oliver Wack, Telephone: +49 69 6603-1444
5 Indian Economic and Industrial Scenario, 4/2018 VDMA INDIA Office
Power
Centre plans to set up national discom The Union government plans to set up a national power distribution company that will handhold state discoms in electricity distribution activities and ensure time-bound implementation of central schemes. The proposed company will compete with private firms and contractors to bag contracts of state-run distribution companies for appointing franchisees or engineering tenders. Apart from small distribution consultancy wings in Rural Electrification Corporation, Power Grid Corporation and NTPC, the central government has no presence in electricity distribution sector. The proposed company may or may not obtain a distribution license and will not interfere in the working of state power distribution companies given the federal structure. The utility will ensure implementation of central schemes for power sector in a time-bound manner. It has been widely felt that there is a need for handholding and guiding state distribution companies, and a national distribution corporation may fill the gap.
Government aims to build 30 GW of offshore wind capacity by 2030 In order to beef up its clean energy portfolio, the government wants to build 30 GW offshore wind capacity by 2030, a move which may bring India in the list of leading markets in the segment. India has set itself a target of achieving 175 GW renewable energy target by 2022, which the government is expected to exceed by additional 50 GW within the same timeline. Leading clean energy players including Sembcorp Green Infra, ReNew Power, Mytrah Energy and France’s Engie, among others have been shortlisted by the government for the technical stage of the tender. Around 35 companies, including players from the US, Germany and Denmark evinced interest in the tender. The Indian government has identified Gujarat and Tamil Nadu as potential destinations for offshore wind projects in the country.
Siemens Gamesa to set up 150 MW wind farm for ReNew Power Siemens Gamesa has bagged an order for setting up a 150 MW wind farm in Gujarat from renewable energy power producer ReNew Power. The order was for supply, erection and commissioning of 75 units of SG 2.0-114 MW wind turbines for the farm coming up in Kutch district. The company has two blade factories in Nellore in Andhra Pradesh and Halol in Gujarat.
India to auction 40 GW renewables every year till 2028 India will auction 40 GW of renewable energy projects comprising 30 GW solar and 10 GW wind every year for the next 10 years till 2028, indicating huge potential for domestic manufacturers and developers. Similarly, there will be an auction 10 GW of wind energy for next 10 years till 2028 to meet the power demand of 862 GW by 2030. The government's power projection indicates that India will have to bid out 140 GW of wind energy to meet demand by 2030. It is expected that India would double its wind energy manufacturing capacity to 25 GW per annum by 2020 and would overachieve wind energy capacity target of 60 GW by 2022 and would rather have 80 GW by that time.
Essar Power signs strategic partnership pact with Russia's Inter RAO Moscow headquartered Inter RAO Export has signed a memorandum of understanding with Indian power company Essar Power to jointly develop power projects. the two companies will explore jointly running the existing power plant and mines and also look at new projects. The contours of the partnership are yet to be finalised.
Mahanadi Coalfields eyes NTPC’s Odisha plant Coal India subsidiary Mahanadi Coalfields Ltd (MCL) is looking at a majority stake in the proposed € 1667 million (Rs 13,000 crore) 1,600 mw super critical power venture with NTPC in Odisha. The plant is proposed to be operated by NTPC. Once the project is commissioned our total capex for the year is expected to increase from € 1218 – 1474 million (Rs 9,500 to Rs 11,500 crore). The plant is scheduled to come up at Sundergarh in Odisha where Indian railways have laid a 53 km track to transport coal. The project was taken up Mahanadi Basin Power Ltd, a fully owned MCL subsidiary. The project received nod of the High Level Clearance Authority (HLCA), the highest body to approve investments in Odisha.
VDMA-Newsletter “India”, Edition 4/2018 Contact: Oliver Wack, Telephone: +49 69 6603-1444
6 Indian Economic and Industrial Scenario, 4/2018 VDMA INDIA Office
Paper & Printing
NCLT approves JK Paper's bid for Sirpur Paper Mills As per JK Paper, the NCLT has approved its € 48 million (Rs 371 crore) bid for debt-ridden Sirpur Paper Mills under the insolvency resolution process. The resolution plan, as approved by the NCLT, is binding on JK Paper, SPML, its employees, members, creditors, guarantors and all other stakeholders involved, as per the provisions of the lnsolvency and Bankruptcy Code. In terms of the Resolution Plan, the amount will be paid towards settlement of financial creditors, corporate insolvency resolution process cost, admitted operational creditors, workmen and employee dues, etc, as per the terms of the Resolution Plan. This consists of cash payment of Rs 166 crore and issue of securities of € 26 million (Rs 205 crore) by SPML. The Company intends to make this investment through itself and/or its eligible subsidiaries.
Paper demand to grow at 6.7% to 20 mn tonnes in FY20 Buoyed by a strong economic growth and a robust demand for paper, it is expected that the overall paper demand will grow at a compounded annual growth rate (CAGR) of 6.7% to touch 20.7 million tonnes in FY20. It is noted that the domestic demand in the country grew from 9.3 million tonnes in FY08 to 17 million tonnes in FY17 at a CAGR of 6.9%. The demand drivers and growth triggers have come from a combination of factors such as rising income levels, growing per capita expenditure, rapid urbanisation and a larger proportion of earning population which is expected to lead consumption and there is enormous potential for the paper industry in the country.
Demand for packaging paper and board segment that caters to industries like FMCG, food and beverage, pharmaceutical, and textiles among others, is expected to grow at a CAGR of 8.9% and reach 11.4 million tonnes in FY20 due to increased urbanisation, requirement of better quality packaging of FMCG products marketed through organised retail, and increasing preference for ready- to-eat foods. Printing and writing segment demand is expected to grow at a CAGR of 4.2% and reach 5.7 million tonnes in FY20 on the back of of an anticipated pick-up from the education sector with improving literacy rates and growing enrolment as well as increasing number of schools and colleges. Improving literacy rates, rising circulation and an increasing number of newspapers and magazines is expected to support growth in newsprint demand which is expected to reach 2.8 million tonnes in FY20.
On the price front, it observed that tight markets, low Chinese pulp inventories, lack of supply coming to the market, and healthy demand are the primary factors that provide an upside to the prices in 2018. Waste paper prices, however, may fluctuate on account of volatility in international waste paper prices, healthy demand, and forex fluctuations. Additionally, the Chinese government has banned the import of several varieties of waste paper, which is the primary raw material for finished paper. Consequently, the production of finished paper is expected to be hampered in China. This in turn is expected to lead to some relief in raw material prices and improve realisations. The profitability of the players is expected to be maintained in the medium-term on the back of eased out cost side pressures and improved realisations of the finished goods.
Paper industry seeks import restrictions to thwart China, Asean threat The paper manufacturing industry wants action by the central government to restrict import. During 2017-18, import of paper and paperboard from the Asean bloc, China and South Korea rose 32.6%, 56.4% and 57.2%, respectively, over FY17. In volume terms, import from China was 510,000 tonnes; from Asean and South Korea, 330,000 and 150,000 tonnes, respectively. Between 2010-11 and 2017- 18, import of paper and paperboard had a compound annual growth rate (CAGR) of nearly 19.5%, from 0.5 million tonnes to 1.9 mt. In this period, import from Asean countries, China and South Korea had a CAGR of 41.8%, 18.3% and 57.9%, respectively. These seven years coincide with the onset of a progressive reduction in basic customs duty undertaken by India on import of paper and paperboard under the FTAs signed with Asean and Korea.
VDMA-Newsletter “India”, Edition 4/2018 Contact: Oliver Wack, Telephone: +49 69 6603-1444
7 Indian Economic and Industrial Scenario, 4/2018 VDMA INDIA Office
Ports & Shipping
Cochin Shipyard, Inland Waterways Authority ink deal for Ro-Ro vessels Cochin Shipyard Limited and Inland Waterways Authority of India has signed a contract for roll-on-roll- off (Ro-Ro) vessels. The contract, which entails design, construction and supply of Ten Ro-PAX and Ro-Ro Vessels, is worth € 0.13 million (Rs 1.02 billion) plus taxes. The vessels, which are capable of carrying trucks and other vehicles, along with sitting passengers, will be deployed in various strategic locations in National Water Ways 1, 2 and 3. The ships are being conceptualised and fully designed by CSL. They are to be built to standards under the rules of Indian Register of Shipping. All the ten vessels will be delivered within 18 months. The cargo in a Ro-Ro vessel typically consists of cars, trucks and other vehicles that are driven on and off the ship on their own wheels instead of being loaded and unloaded by cranes.
Adani Ports acquires 97% in Marine Infrastructure for Rs 19.50 billion The relaxation in cabotage law last month could come to the rescue of the domestic port sector at a time when indigenous cargo growth has remained stagnant. Adani Ports acquired 97% in Marine Infrastructure for € 2.5 million (Rs 19.50 billion), further strengthening its presence in the east coast. Alongside, GMR Infrastructure announced developing through its subsidiary a deep-draft, multi-cargo greenfield port 30 km north of Kakinada city. Once operational, this new port will have an initial capacity of 16 million tonnes. Also, the share of the Andhra Pradesh government under the bid is 2.7% of gross revenue for 30 years, said GMR in an exchange notification.
Recently, the shipping ministry had issued a notification lifting restriction on foreign-registered vessels transporting loaded or empty containers between Indian ports. Earlier only Indian-registered shipping lines had the right to handle this cargo where they were governed by Indian laws. Global container shipping lines such as CMA-CGM and Mediterranean Shipping Company (MSC) are among top container lines that have a presence in the country. Port traffic is estimated to log a compound annual growth of 3-5% over the five years through fiscal 2022, down from 4.4% in the last five years.
Projects worth € 24 million (Rs 187 bn) being carried to connect Railways to ports Aimed at bringing down logistics costs by providing rail connectivity to ports, Indian Port Rail Corporation along with other agencies are implementing projects worth € 24 million (Rs 187.95 billion) as per the government. IPRCL, a joint venture between major ports and Rail Vikas Nigam Ltd (RVNL), as a dedicated SPV is developing railways as a mode of transport in the port sector under the government's ambitious initiative Sagarmala - a flagship programme for port led-development in the country. Under the Ministry of Shipping, Sagarmala aims at promoting port-led development along India's 14,500 km long coastline. As part of Sagarmala, more than 400 projects at an estimated infrastructure investment of more than € 89743 million (Rs 7 trilliion (Rs 7 lakh crore), have been identified across port modernisation & new port development; port connectivity enhancement, port- linked industrialisation and coastal community development. In order to execute the last mile rail connectivity and internal rail projects of the major ports more effectively and efficiently, the SPV IPRCL - was incorporated under the Companies Act, under the administrative control of the Ministry of Shipping.
Essar Ports to invest € 57 ($70) million in Hazira port by September 2020 Essar Ports, is targeting to invest € 57 ($ 70) million for expansion at its Hazira facility by September 2020. This will include € 16 ($ 20) million for the remaining works under € 369 ($ 450) million first phase of expansion and € 41 ($ 50) million for the second phase that seeks to create ancillary facilities. The first phase focuses on building the jetty which will be done by March 2019, while the second phase focuses on erecting ship unloaders, conveyor belt, etc, which will take 18 months after the end of phase-I to complete. Expansion at Hazira will increase the company's total capacity to 110 million tonne per annum, from the present 95 mtpa. In FY18, it handled 41 mtpa as against 30 mtpa earlier.
VDMA-Newsletter “India”, Edition 4/2018 Contact: Oliver Wack, Telephone: +49 69 6603-1444
8 Indian Economic and Industrial Scenario, 4/2018 VDMA INDIA Office
Garment and Leather
Arvind to invest € 192 million (Rs 1,500 crore) to raise garment output Arvind, makers of Arrow and US Polo Association apparel in India, would invest € 192 million (Rs 1,500 crore) in three years to increase its garment making capacity from fabric by six-fold to meet the rising demand for branded apparel and fashion garments. They presently convert only 10% of their fabrics into garment and would now be taking that to 60%. The new capacity will add between 30,000 and 40,000 jobs. The expansion is part of a mega global trend of selling garments directly to a brand as a full packaged solution rather than selling to an intermediary who converts and then sells to a brand. The company will open large factories in Gujarat, Karnataka, Jharkhand and Andhra Pradesh which can employ 10,000 workers. The exercise is part of a target of doubling India’s largest denim maker’s textile turnover by 2022 from € 769 million (Rs.6,000 crore) at present. Denim constitutes around € 321 million (Rs 2,500 crore) to the total turnover. The company will use cash flows to fund Arvind Fashions for many years to expand the fabric-to-garment conversion capacity.
Apparel exports to decline by 10% in FY19 due to GST India's apparel exports downturn may continue and is expected to decline by overall 10% in FY19. The introduction of GST has resulted in non-refund of several embedded taxes. Consequently exports for the financial year 2017-18 declined by 4% to € 13.6 ($16.7) billion from € 14 ($17.38) billion in the previous year. The downturn continued in FY 2018-19 with a month on month decline of 8-10% and it is expected to witness overall decline by 10% in FY19. The country exports nearly 70% of cotton garments and 20% jump in cotton prices in last few months has also hit exports severely.
The country's domestic apparel market is estimated at $67 billion, which has grown at a CAGR of 10% since 2005. Indian domestic market has performed better than the largest consumption regions like US, EU and Japan, where depressed economic conditions led to lower demand and growth. Due to presence of strong fundamentals, the domestic apparel market size of India is expected to grow at 11- 12% CAGR and reach about € 131($ 160) billion by 2025. The domestic market size is dominated by ready-to-wear category, market size € 46 ($ 56) billion, with 84% share which is further growing at a CAGR of 10-11%. The ready-to-stitch market currently at € 9 ($ 11) billion is expected to grow at a CAGR of 7% and reach about € 16 ($ 20) billion in 2025.
Arvind Ltd’s lifestyle division expands into multi-fibre fabrics for womenswear Ankur Textiles, the lifestyle division of Arvind Limited, on Thursday announced its expansion into multi- fibre womenswear fabric category. It launched a wide range of modal, viscose, cotton lycra-blended fabrics as an alternative to traditional cotton for the new-age Indian woman. The range include fabrics like Zoya, Glam and Glory, Blossom, Charm-me and Lilac which can be tailor-made into western and ethnic womenswear.
Government doubles import duty on over 50 textile products to promote 'Make in India' The government has doubled import duty on over 50 textile products -- like jackets, suits and carpets - to 20%, a move that is aimed at promoting domestic manufacturing. The Central Board of indirect Taxes and Custom (CBIC) notified the list of textile products on which duties have been hiked to 20%. It has also raised the ad-valorem rate of duty for certain items. The imported products which have become expensive include woven fabrics, dresses, trousers, suits and baby garments. Imports of textile yarn, fabric, made-up articles grew by 8.58% to € 138 ($168.64) million in June. However, exports of Cotton Yarn/Fabrics/made-ups, Handloom Products etc. grew by 24% to € 809 ($ 986.2) million. Man-made Yarn/Fabrics/made-ups exports grew 8.45 pc to € 331 ($403.4) million. Exports of all textile ready made garments dipped by 12.3% to € 11 ($ 13.5) billion.
VDMA-Newsletter “India”, Edition 4/2018 Contact: Oliver Wack, Telephone: +49 69 6603-1444
9 Indian Economic and Industrial Scenario, 4/2018 VDMA INDIA Office
General
Megha Engineering to set up world’s largest underground pump house Megha Engineering and Infrastructures (Meil), one of India’s leading construction companies that reported over ₹20,000-crore revenue last fiscal year, is setting up the world’s largest underground pump house at Kaleshwaram large irrigation project coming up at an outlay of Rs 85,000 crore in Telangana. Meil, which is executing around ₹40,000 crore worth of orders for the project, is now at an advanced stage of erecting seven underground pumps with 139 megawatt capacity each to pump 3 TMC (thousand million cubic feet) of water. They have tied up with the state-owned engineering and manufacturing firm Bharat Heavy Electricals (BHEL) for supply of motors, pumps, mechanical equipment and accessories for the critical part of the project known as package-8. Meil, with interests in building irrigation, drinking water supply, sewerage treatment, roads, power generation and hydrocarbon projects, among others, is also procuring some critical parts of the underground pump house from some global giants
Bosch plans to invest € 218 million (Rs 1,700 cr) in India in next 3 years in Bengaluru The Bosch Group has announced its plans to invest € 218 million (Rs 1,700 crore) in the next three years in India, that continues to offer promising opportunities for its business and broad product range. A major share of this amount would be used to expand Bosch's smart campus in Adugodi and to modernise manufacturing facilities in the country. The Bosch Group sees strong signs of recovery in the Indian market and forecasts a positive development over the mid-term. Citing the latest global data, which said India has overtaken Germany to become the fourth largest automotive market in the world, they forsee automobile sales in Asia's third largest economy, including passenger and commercial vehicles, grew by 9.5% last year. At their Adugodi location, here from a manufacturing facility into a technology hub as an example, they had invested more than € 47 (Rs 370 crore) in the past three years to create this smart campus, home to 3,650 of its 18,000 engineers in India. Additional investments of € 77 million (Rs 600 crore) are plannedfor the further expansion of Adugodi.
Boeing expands aerospace engineering footprint in Bengaluru Boeing inaugurated the newest phase of the Boeing India Engineering and Technology Center (BIETC) in Bengaluru. As the center develops over the next few years, Boeing will employ over 2,500 people in specialized fields of IT, engineering and R&D. ft. the facility is likely to accommodate 1,000 new employees, who will work to drive aerospace innovation from India, for India and the world. While the new facility will incorporate software technologies into design, manufacturing and service offerings, Boeing will continue to scale up its aerospace, R&D and engineering activities in its existing facilities. The key focus would be on areas such as Product Lifecycle Management, Enterprise Resource Planning, Internet of Things, Blockchain, Data Analytics and Software Design for aerospace. The facility will contain an integrated lab for Internet of Things (IoT), Analytics and Mobility, a 3DX lab to develop 3D experiences, a Systems Integration Lab and a Proof of Concepts Lab.
3D printing makes slow but steady inroads into industry JSW Steel is building a captive power plant at Salem. The industrial steam turbine being set up needed oil sealing rings, a seemingly small component but a crucial one for the running of the unit. JSW Group’s procurement team made inquiries from their usual suppliers and were told that in a best case scenario, they could manufacture the oil sealing rings in 4-6 months. Siemens offered to make the same component for us through 3D printing. 3D printing, or additive manufacturing the process of building three-dimensional solid objects from a digital design using additive methods has yet to pick up in the country but experts see significant potential. The global market for 3D printing is seen growing to € 16 ($20) billion by 2020, which will still be only a fraction of the entire tooling market at the time. It is expected that the overall economic impact created by additive manufacturing (AM) could be much higher, reaching € 82 ($100) billion to € 205 ($250) billion by 2025, if adoption across industries continues at today’s rate. Most of that potential will come from the aerospace and defence, automotive, medical, and consumer goods industries.
ABB India plans expansion of factories to cater to railways' demands Power and automation technology firm ABB India is looking to expand its facilities to cater to growing demands from railways and also increasing focus on renewable energy space. The company spends about € 82 ($ 100) million on its business in the country every year. They are expanding our factories to cater to the requirements of Railways because the Railways is expanding extensively and are spending a lot especially on the electrical side. In electrical locomotives, a lot of technology is demanded and this demand is really picking up where they foresee expansion of our factories. ABB India and Niti Aayog had in May inked a pact to help the country reap the benefits of latest technologies including robotics and artificial intelligence.
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Focus State – West Bengal
Governor : Shri Keshari Nath Tripathi
Chief Minister : Smt Mamta Banerjee
General Facts Area (sq km) 88,752 sq kms Total Population 91.3 million
Literacy Rate 77.1% The Netaji Subhash Chandra Bose International Airport, the Airports domestic airports are at Bagdogra (Siliguri) and at Behala.
Infrastructure
Roads West Bengal has a total road length of around 299,209 km. The national highways running through the state cover approximately 2,909.8 km. Under the state budget for fiscal 2015-16, € 85 ($ 94.77) million has been allocated for the construction of two- lane roads between Ghatakpukur to Sarberia, Chanditala to Champadanga road, Adisaptagram to Guptipara and Barjora to Mejhia. The construction has been started. As of July 2015, the state Government proposed the construction of 4 roads with a combined length of 159.22 km to the Border Roads Organisation (BRO) in the state of West Bengal. As per Budget 2015-16, West Bengal Highway Development Corporation has started the four-laning of Dankuni to Kalyani via Mogra. The estimated cost of the project is around € 95 ($ 105.96) million. Under the PMGSY scheme, a 1,930 km long road was constructed in West Bengal in 2014-15. As of February 27, 2015, 3,838 km of roads remain to be constructed under the scheme in West Bengal. In the state budget 2015-16, the Government of West Bengal proposed to increase the funds allocated to the Public Works (Roads) Department from € 175 ($ 194.84) million in 2014-15 to € 222 ($ 246.28) million in 2015-16.
By Air Netaji Subhash Chandra Bose International Airport is located in Dum Dum, 18 km from Kolkata; the domestic airports are at Bagdogra (Siliguri) and at Behala, 16 km from Kolkata. For the year 2014-15, total commercial traffic (domestic & international) at Kolkata airport was estimated at 10,916,669 passengers. During April-September, 2015 the passenger traffic at the Kolkata airport stood at 5,937,354 passengers. The Kolkata airport is being modernised at an estimated cost of € 469 ($ 521) million. Modernization would include modern taxiways, a new terminal and extension of a runway. This would help in increasing the passenger handling capacity to around 25 million passengers annually as compared to 10.9 million in March 2015. Kazi Nazrul Islam airport at Andal, Bardhaman, has become the first greenfield airport in India. The project has been promoted by Bengal Aerotropolis Projects Limited (BAPL) with an estimated cost of around € 1.98 ($ 2.2) billion. The airport started operation in May 2015. Upgradation of Coochbehar and Bagdogra Airports has been planned under the 12th Five Year Plan. There are also plans for setting up of new airports at Malda, Coochbehar, Haldia, Burdwan, Asansol and Sagar. West Bengal became the first
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state to provide 100% waiver on sales tax on aviation turbine fuel at Kazi Nazrul
Islam Airport, Bagdogra and Cooch Behar for a three-year period.
Railways West Bengal is well connected through the railway network. The railway route length in the state is around 4,511 km. Howrah, Asansol, Sealdah, Bandel, Bardhaman, Kharagpur and New Jalpaiguri are the main junctions in West Bengal. The Indian Railways has an electric locomotive production unit – Chittaranjan Locomotive Works (CLW) located on the West Bengal-Jharkhand border, with a production capacity of 230 engines.Indian Railways has already started work to set up an electric locomotive assembly and ancillary unit at Dankuni, West Bengal.
Economy West Bengal is situated in Eastern India. The state shares the borders with Jharkhand, Bihar, Odisha, Sikkim and Assam. The state shares international borders with Bangladesh, Bhutan and Nepal. The Bay of Bengal is in the South of the state. Bengali is the official language of the state, though English and Hindi are also widely used. Nepali is spoken primarily in the Darjeeling district. Siliguri, Asansol, Durgapur, Raniganj, Kharagpur, Haldia, Darjeeling, Malda, Midnapore, Cooch Behar and Howrah are some of the key cities in the state.
West Bengal's climate varies from tropical savannah in the Southern portions to humid sub-tropical in the North. Because of its location, West Bengal offers definite advantage as the traditional domestic market in Eastern India, the Northeast and the land-locked countries of Nepal and Bhutan, which are easily accessible. The state is also an entry point to markets in Southeast Asia, via the Northeastern states. Kolkata, which is a metropolitan city, has a comparatively lower cost of operating a business as compared to the other metropolitan cities of India.
West Bengal has abundant natural resources of minerals and suitable agro-climatic conditions for agriculture, horticulture and fisheries. West Bengal also has a prosperous hinterland of some mineral rich states like Jharkhand, Bihar and Odisha. The state is home to a number of renowned educational institutions and higher learning centres. There are 22 universities in the state along with sizeable research institutes.
West Bengal offers excellent connectivity to the rest of India in terms of railways, roadways, ports and airports. Major stretches of the golden quadrilateral project also pass through the Northern districts of the state. Knowledge of English is an advantage of the workforce of West Bengal, especially in Kolkata, which is one of the four metropolitan cities of India.
At current prices, the Gross State Domestic Product (GSDP) of West Bengal was about € 134 ($ 163.87) billion in 2017-18. The average annual GSDP growth rate from 2011-12 to 2017-18, was about 12.47%. At current prices, the Net State Domestic Product (NSDP) of West Bengal was about € 123 ($ 149.59) billion in 2017-18. The average annual NSDP growth rate from 2011-12 to 2017-18, was about 9.75%.
The state’s per capita GSDP in 2017-18 was € 1379 (US$ 1681.49) as compared to € 1116 ($ 1360.42) in 2011-12. The per capita GSDP increased at a Compound Annual Growth Rate (CAGR) of 8.33% between 2011-12 and 2017-18. The state’s per capita NSDP in 2017-18 was € 1259 ($ 1534.96) as compared to € 1027 ($ 1253.01) in 2011-12. The per capita NSDP increased at an average rate of 8.67% between 2011-12 and 2017-18.
In 2017-18, the services sector contributed 57.15% to the state’s GSVA at basic prices, followed by the agriculture sector (23.01%) and industry sector (19.83%). At a CAGR of 11.05%, agriculture sector has been the fastest growing among the 3 sectors from 2011-12 to 2017-18. The services sector grew at a CAGR of 8.98% between 2011- 12 and 2017-18. The industry sector grew at a CAGR of 8.68% between 2011- 12 & 2017-18.
Agriculture is the chief occupation of the people of West Bengal. It contributed 18.8% to the state’s GSDP in 2014-15. Rice, potato, jute, sugarcane and wheat are the top five crops of the state. Rice is the principal food crop of West Bengal. The state is the largest producer of rice in India. In 2014-15, rice production totalled 15.35 million tonnes. In 2014-15, the production of horticulture crops in West Bengal stood at 27.82 million metric tonnes. Other major food crops in the state include rapeseed & mustard, maize, onion, pulses, coconut and tea. The state stands first in the country in terms of jute production. In 2014- 15, the state produced nearly 79.6% of the county’s total jute. The central Government has assured that steps will be taken to further improve the jute industry. Tea is another important cash crop. Tea gardens in the state are located in Darjeeling and Jalpaiguri, the northern districts of West Bengal.
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According to the Department of Industrial Policy & Promotion (DIPP), FDI inflows in West Bengal, along with Sikkim and Andaman & Nicobar Islands from April 2000 to September 2015 totalled to € 3 (US$ 3.69) billion. West Bengal contributes around 2% in the total FDI inflows of the country.
The total exports of West Bengal stood at about € 8 (US$ 9.02) billion in 2014-15. Leather exports from the state constitute about 12% of India’s total leather goods exports. West Bengal is the country’s leading exporter of flowers. In addition, the state has the country’s largest brackish-water resources for shrimp farming and has been a leading exporter of shrimps from India. West Bengal is the leading exporter of potatoes to Sri Lanka and Bangladesh. The other export products include jute, tea, rice, etc. Floriculture exports from the state increased from € 11 (US$ 12.66) million in 2013-14 to € 12 (US$ 12.79) million in 2014-15. Exports of fruits & vegetable seeds from West Bengal increased from € 6 (US$ 6.36) million in 2013-14 to € 8 (US$ 8.86) million in 2014-15. Exports of non-basmati rice from the state increased from € 396 (US$ 440.27) million in 2013-14 to € 494 (US$ 548.86) million in 2014-15.
Urban Infrastructure Under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM), 71 projects costing € 1.13 billion (US$ 1.53 billion) have been sanctioned for West Bengal. The projects have been sanctioned between 2006-07 and 2011-12. Key areas of development are water supply, sewerage, solid-waste management, construction of flyovers, drainage/storm water drains and mass rapid transport system. Under the JNNURM, the schemes for all urban areas of the state, except the Kolkata Metropolitan Area and Asansol Urban Area, have been included under the schemes of Urban Infrastructure Development Scheme for Small & Medium Towns (UIDSSMT) and Integrated Housing & Slum Development Programme (IHSDP). Under the UIDSSMT scheme, projects for 25 small and medium towns have been sanctioned at an estimated cost of € 62.60 million (US$ 84.6 million).
Social Infrastructure West Bengal has a literacy rate of 77.1% according to the provisional data of Census 2011; the male literacy rate is 82.7% and the female literacy rate is 71.2%. In 2010-11, the state had 70,757 Primary and Junior Schools and 9,225 High and Higher Secondary schools. In 2010-11, the state had pupil- teacher ratio of 30:1 in all schools. West Bengal has 22 Universities, 95 Polytechnics, 49 Industrial Training Institutes and Industrial Training Centres and 15 Medical Colleges. The West Bengal Government Merit-Cum-Means Scholarship Scheme has been instituted for providing financial assistance to the poor and meritorious students of the state for pursuing higher education. The scholarship amount varies from € 7.4 – 24.42 (US$ 10 to US$ 33) per month.
Cultural Infrastructure Cricket and Football (Soccer) are popular sports in the state. Kolkata is one of the major centres for football in India and, is home to top national clubs such as East Bengal, Mohun Bagan and Mohammedan Sporting Club. Eden Gardens, Salt Lake Stadium and Netaji Indoor Stadium are some of the well known sports stadiums in the state. West Bengal is known for its premier sports clubs viz., Royal Calcutta Golf Club, Tollygunge Club, Royal Calcutta Turf Club, Calcutta Rowing Club and Calcutta Cricket and Football Club. Bengal had been the harbinger of modernism in fine arts. Birla Academy of Art and Culture Museum, Rashtriya Lalit Kala Academy, Academy of Fine Arts, Asiatic Society and Ashutosh Museum of Indian Arts are some of the art establishments in the state. West Bengal has a rich culture and literature. Music forms in West Bengal include Rabindra Sangeet, Nazrul Geeti, Adhunik, Shyamashangeet, Jibonmukhi, Baul, Gombhira and Bhawaiya, Dance forms include Gaudiya Nritya, Rabindra Nritya, Chhau, Raibense dance, Jhumar and Adhunik Nritya. Jatra is the traditional theatre form of West Bengal.
Key Industries in the State The natural resources, policy incentives and infrastructure in the state support investments in major sectors such as iron and steel, biotechnology, coal, leather, jute products, tea, IT, gems and jewellery. Climatic conditions suitable for cultivation of tea and jute have made West Bengal a major centre for these products and related industries. West Bengal occupies a predominant position in the development of micro and small scale enterprises. The state has 2,513,303 working micro, small & medium enterprises (both registration & un-registered) providing employment to around 5.83 million persons. The growth rate of index of industrial production of West Bengal stands at 3.7% in 2010-11 over previous year.
Tea West Bengal is the second-largest tea growing state in India, after Assam, and accounts for around 23.1% of the total tea produced in India. In 2010-11, 115,100 hectares of land was under tea cultivation in the state. In 2011-12, total production of tea in the state was 225.6 million kg. Tea gardens in the state are located in Darjeeling and Jalpaiguri, the two northern districts of West Bengal. Darjeeling tea has a Geographical Indicator (GI). In 2010, the state had 307 tea estates.
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Petroleum & Petrochemicals West Bengal accounted for around 3.3% of the country’s refinery crude throughput in 2010-11. Haldia Petrochemicals Limited is one of India’s largest integrated petrochemical complexes. Mitsubishi Chemicals and Corporation, Japan’s major chemical firm has invested in a Purified Terepthalic Acid (PTA) plant at Haldia at an investment of € 577.2 million (US$ 780 million) (phase I & II).
Leather West Bengal is one of the leading exporters of finished leather goods. The state’s export from leather industry constitutes about 55% of India’s total leather goods exports. As of 2010, the state had around 529 manufacturing units producing leather and leather goods. West Bengal Leather Industrial Development Corporation provides assistance to small & micro scale industries of the state for the development and marketing of leather goods. The Government of West Bengal has set up an integrated leather complex on the Eastern fringe of Kolkata, spread over 1,100 acres.
Iron & Steel West Bengal has emerged as a favoured destination for the steel industry. Its deposits of iron ore have helped attract new projects. The Chota Nagpur plateau bordering West Bengal is the nerve-centre of this industry. The Joint Plant Committee (JPC) for steel has been constituted by the Government of India for formulating the guidelines for production, allocation, pricing and distribution of steel materials in the country. Headquartered in Kolkata, it has regional offices in Kolkata, New Delhi, Mumbai and Chennai. The state accounts for about 10.0% of country’s total steel capacity.
Information Technology Over 500 IT and ITeS companies are operating in the state, employing more than 120,000 professionals. The state has identified IT as a priority focus sector to be developed into a growth engine for the future. West Bengal has 16 IT/ITeS based SEZs with formal approval. A 16.19 hectares SEZ by Tata Consultancy Services has been granted formal approval. A number of towns such as Durgapur, Siliguri, Haldia are also emerging as suitable IT destinations with appropriate infrastructure in the form of Software Technology Parks (STP). The total IT Exports from STPK (Software Technology Park) and Non-STPK Parks in West Bengal touched € 1.22 billion (US$ 1.65 billion) in 2011-12.
Mineral Resources Raniganj coalfield is an important coalfield in West Bengal, other coalfields found in the state are Barjora coalfield, Birbhum coalfield and Darjeeling coalfield. As of April 2011, total coal reserves/resources were estimated to 29,954.9 million tonnes in the state. Rock phosphates deposits are found in Beldhi, Chirugora and Kutni regions of Purulia districts. Deposits of granite and kaolinite are found in Purulia, Bankura and the Birbhum districts. Good quality pegmetallic-quartz is available at Mirmi in the Purulia district; deposits of basalt-trap rocks used for preparing road metals are available in the Birbhum district. In 2010, total coal production in the state was 22.3 million tonnes. In 2010-11, the gross production of Coal Bed Methane (CBM) in the state was 41 million cubic metre.
Automobile & Autocomponents The automobile industry in West Bengal is dominated by original equipment manufacturers (OEM). The auto components industry comprises units manufacturing a range of products from simple nuts and bolts to complex items such as shafts, radiators and axles. Hindustan Motors is a leading player in West Bengal. The company is engaged in the manufacturing of passenger car (Ambassador) and multi-utility vehicle (HM-Shifeng Winner) in the state. Easy access to raw materials such as iron and steel is an advantage for the growth of automotive and auto components industry in the state.
Biotechnology West Bengal has many attributes that favour the development of biotechnology industry. It has rich natural resources based on a diversity of flora and fauna. A wide variety of commercial crops are cultivated, which can be improved by biotechnology interventions. Examples of such interventions are application of bio-fertilisers for soil fertility, bio-pesticides for environment friendly integrated pest management, genetic modification to produce golden rice, tissue culture for horticulture, floriculture and medicinal plants. Research institutes such as Bose Institute, Indian Institute of Chemical Biology, Indian Association for the Cultivation of Science, National Institute of Cholera and Enteric Diseases, Jadavpur University, All India Institute of Hygiene and Public Health, Calcutta School of Tropical Medicine and Indian Institute of Technology, Kharaghpur are engaged in high quality research in various areas of biotechnology. There are three biotechnology parks in the state; Jagadish Chandra Bose Biotechnology Park (Madhyamgram), EKTA Incubation Centre (Kolkata) and Kolkata Biotech Park (Kolkata).
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14 Indian Economic and Industrial Scenario, 4/2018 VDMA INDIA Office
Fishery The state has a long coastline of over 150 km and innumerable water bodies, which generate a huge potential for inland fishing and give it a prominent position in fish cultivation. West Bengal is the largest producer of fish and shrimps in the country. It is also the largest supplier of fish and supplies nearly 80% of the carp seed demand of the country. The state produces significant amount of fresh water fish. In 2011-12 (till September 2011), total fish production was 568,000 tonnes and total fishseeds production was 13,746 million in the state.
Agriculture & Horticulture West Bengal comprises of six agro-climatic zones and offers a diverse variety of environment for agriculture and horticulture produce. The state had produced 2.95 million tonnes of fruits and around 26.72 million tonnes of vegetables in 2010-11. Floriculture is an emerging industry in West Bengal with high prospects. In 2010-11, total production of flowers (loose) in the state was 59,200 tonnes. In 2010- 11, the state had gross cropped area of 8.83 million hectares. There is good potential for exporting flowers like gladiolus, gerbera, tuberose and rose to countries in Holland, Middle-East, the UK and Japan. Indoor plants and foliages such as asparagus, palms, cycads and ferns are also grown in the state.
Livestock & Dairy products The state has a favourable climate for poultry breeding and is considered as one of the most attractive poultry markets in India. It has enormous export potential in poultry and duck meat. West Bengal holds good position in indigenous cattle population in the country. The state is one of the leading producers of meat. The total production of meat in 2010-11 was 577,300 tonnes. In 2010-11, total number of eggs (Hen and Duck) produced in the state was around four billion. In 2010-11, total milk production in the state was around 4.47 million tonnes.
Development Projects: Key Public Private Partnership (PPP) Projects
Some of the industrial parks in West Bengal
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Seminars & Exhibitions
Automation 2018 Date Venue Organizer Profile Products/ Participants I.E.D Communications Bombay Ltd. . Factory Automation th Exhibition The 13 . Turnkey Solutions 8 Centre 64, Empire Building, International . Process & Automation &
201 134/136, Dr. D. N. Road, Exhibition and Control Systems Mumbai Mahendra Chambers, Conference on . Robotics Above Macdonald, Fort Automation . Automation in Retrospect: Mumbai, Renewable Energy 2017 . Field Instrumentation
Tel: 22079567 / 22073370 . Bus & Wireless September
1 Technology
– Exhibitors: 425
E-mail: . Building Automation jyothi@iedcommunication . Pumps & Valves Visitors: s.com; . Hydraulics & Pneumatics 10,000 beni@iedcommunications. . Automation in (approx.) com Automobile Industry 29 August29
. Automation in Food & Countries :NA Website: Packaging sector www.automationindiaexp o.com
IFAT India 2018 Date Venue Organizer Profile Products/ Participants
Messe Muenchen India Bombay Pvt. Ltd. IFAT INDIA will be . Water extraction & Exhibition B2B platform with a treatment Centre INIZIO” 507 & 508, 5th wide coverage of . Water & sewage floor, all relevant treatment Mumbai Cardinal Gracias Road, environmental . Water distribution and Opp. P&G building, sectors water, sewers sewage, refuse, . Refuse disposal and
Chakala, Andheri (E),
8 Retrospect: Mumbai – 400 099 recycling and recycling 2017 energy . Generating energy from 201
Tel: +91-22 - 42554744 conservation waste materials ber Exhibitors: 184 management . Energy efficiency Fax: +91-22- 42554719 technologies, services
Octo
and products within the Countries :15 Email:
17 range of water, sewage,
– bhola.mandal@mm- refuse and recycling
er Visitors:6765 india.in . Decontamination of old sites/soil treatment Website: . Air pollution control and Octob www.ifat-india.com noise reduction 15 . Measuring, control and laboratory technology . Environment management and services . Science, research, technology transfer
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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.
Offer job opportunities by uploading your resume on the Indian website under careers.
Contact: VDMA INDIA SERVICES PRIVATE LIMITED Rajesh Nath, Managing Director Jamly John, General Manager GC 34, Sector III, Salt Lake Kolkata– 700106, India Telephone: +91 33 40602364 Fax: +91 33 2321 7073 E-mail: [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 8000 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 4/2018 Contact: Oliver Wack, Telephone: +49 69 6603-1444