Embassy of India 20 - 30 January 2018 Jakarta INDIA'S LATEST NEWS NEWS ASEAN-INDIA COMMEMORATIVE SUMMIT HIGHLIGHT India’s IT-BPM industry crossed $150 billion in 2016-17; India to become fastest growing large economy in 2018: Report; Newspapers see 38% jump in readership: IRS 2017; Asia’s largest drip irrigation project inaugurated; India-made BMW G310GS launched in Indonesia . I NYOMAN NUARTA HONORED WITH TRAVEL TO INDIA PADMA SHRI Mosques in India Website: indianembassyjakarta.com Twitter: IndianEmbJkt Facebook: IndiaInIndonesia Youtube: IndianEmbJkt 1 INDIA’S IT-BPM INDUSTRY CROSSED $150 BILLION IN 2016-17 According to a report by the India Brand Equity Foundation, the information technology (IT)- business process management (BPM) sector in India expanded at a compound annual growth rate (CAGR) of 11.14% to reach $154 billion in fiscal year 2017 (FY17) from $74 billion in FY2010. It is estimated that the size of the industry will grow to $350 billion by 2025. Total exports by the IT- BPM sector (including hardware) were estimated to be $117 billion in FY17; exports rose at a CAGR of 12.84% between FY10 and FY17. The US has traditionally been the biggest importer of Indian IT exports; over 62% of Indian IT-BPM exports were absorbed by the US during FY17. Non US-UK countries accounted for just 21% of total Indian IT-BPM exports during FY17. INDIA TO BECOME FASTEST GROWING LARGE ECONOMY IN 2018: REPORT India will overtake China to be the fastest growing large economy in 2018 and the country's equity market will become the fifth largest in the world, says Sanctum Wealth Management report. According to a report, when the rest of the world offers low growth and insufficient structural change, India, by contrast, is seen as a reforming economy with the prospect of strong long-term growth. At a time when developed economies are cheering 2-3 per cent growth, India is focused on breaching 7.5 per cent, it said. Moreover, India also benefits from a favourable contrast to other emerging markets. In particular, the fact that China is downshifting to a slower pace of growth. (Source: The Economic Times) Website: indianembassyjakarta.com Twitter: IndianEmbJkt Facebook: IndiaInIndonesia Youtube: IndianEmbJkt 2 NEWSPAPERS SEE 38% JUMP IN READERSHIP: IRS 2017 The number of newspaper readers has risen by more than 110 million since 2014, according to the Indian Readership Survey 2017 (IRS 2017). The readership in IRS 2014 was 295 million. This grew by 38 per cent over the next three years to reach 407 million. The IRS is brought out by the Readership Studies Research Council of India (RSCI) and the Media Research Users Council (MRUC). In 2017, readership in rural areas was 214 million while Urban areas saw readership of 193 million. A large part of the readership increase has come from the launch of new publications. The increase in readership in rural areas is also reflective of the literacy rates in these regions improving. (Source: Business Standard) ASIA’S LARGEST DRIP IRRIGATION PROJECT INAUGURATED Asia's largest drip irrigation project, involving 2,150 kilometres of pipeline, at Ramthal Marola area of Bhagalkot district in Karnataka, took off on 28 January 2018. The project, executed by one of India's largest infrastructure firms Megha Engineering & Infrastructures (MEIL), was inaugurated by the Karnataka Water Resources Minister MB Patil. MEIL claims that while most of the pipes laid underground will not last for more than 10-15 years, the pipes for this project in Karnataka were made of fiber optic material and will last for more than 50 years. (Source: The Economic Times) INDIA-MADE BMW G310GS LAUNCHED IN INDONESIA BMW G310GS, the second product to come out of the BMW-TVS technology cooperation agreement, was launched in Indonesia recently, for an approximate price tag of IDR 125 million. BMW G310GS has been developed by BMW Motorrad in Germany and built by TVS Motor Co. in India (Hosur plant). As per export data, TVS has started exporting the adventure tourer version to not only Europe, but also to Japan and Indonesia. The 313 cc single-cylinder liquid- cooled engine and the 6-speed manual transmission delivers 34 PS and 28 Nm of torque. It weighs 170 kgs and has a fuel tank capacity of 11 liters. Mileage claimed stands at over 30 kmpl. TVS Motor Company is one of the largest automotive spare part company in India with assets worth US$ 6.5 billion and is providing employment to approximately 39.000 workers. It established PT. TVS Motor Company Indonesia in 2005 in the field of motorcycle industry. The company has invested more than US$ 150 million in Indonesia and has employees strength of 350. TVS is using the Indonesian facility as the manufacturing hub for their exports. Currently TVS is manufacturing 2 wheelers and 3 wheelers. (Source: www.rushlane.com) Website: indianembassyjakarta.com Twitter: IndianEmbJkt Facebook: IndiaInIndonesia Youtube: IndianEmbJkt 3 I NYOMAN NUARTA HONORED WITH PADMA SHRI In an unprecedented move to promote India's ties with the 10-member ASEAN, one individual from each ASEAN country was chosen for the Padma Shri Award.I Nyoman Nuarta, renowned Indonesian sculptor was chosen to receive the Padma Shri Award by the Indian government. An accomplished sculptor, Nuarta has several well known works to his credit including famous sculptures of Arjuna Wijaya in Jakarta, Garuda Wisnu sculpture in Bali and Patung Jalesveva Jayamahe in Surabaya. Padma Shri, the fourth highest civilian honor in India, is conferred on Indian nationals for their distinguished contributions to various fields including arts, social work, public affairs, science & technology, literature & education, medicine and trade & industry. Website: indianembassyjakarta.com Twitter: IndianEmbJkt Facebook: IndiaInIndonesia Youtube: IndianEmbJkt 4 AUTO COMPONENT SECTOR REPORT The auto-components industry in India is worth US$ 44 billion and accounts for almost seven percent of India’s Gross Domestic Product (GDP). It employs as many as 25 million people, both directly and indirectly. A stable government framework, increased purchasing power, large domestic market, and an ever increasing development in infrastructure have made India a favourable destination for investment. According to the Automotive Component Manufacturers Association of India (ACMA), the Indian auto-components industry is expected to register a turnover of US$ 100 billion by 2020 backed by strong exports ranging between US$ 80- US$ 100 billion by 2026, from the current US$ 11.2 billion. The Indian auto-components industry is set to become the third largest in the world by 2025. Indian auto-component makers are well positioned to benefit from the globalisation of the sector as exports potential could be increased by up to four times to US$ 40 billion by 2020. Tata Motors, TVS Motors and Spark Minda are major Indian companies operating in Indonesia. Tata Motors, the largest auto company in India started its operations in Indonesia in 2013. The company offers commercial vehicles ranging from pickups to trucks to buses, catering to almost all business requirements in Indonesia. The company has more than 300 Tata touch points across Indonesia including 27 dealer outlets. PT. TVS Motor Company Indonesia is operating since 2005 in the field of motorcycle industry. The company has invested more than US$ 150 million in Indonesia and has employees strength of 350. Spark Minda has setup green field manufacturing facility in Indonesia through a company named PT. Minda Asean Automotive and PT. Minda Automotive Indonesia. The company began its production in Indonesia in October 2005 and is exporting its products to Malaysia, Vietnam, Philippines and Thailand. Website: indianembassyjakarta.com Twitter: IndianEmbJkt Facebook: IndiaInIndonesia Youtube: IndianEmbJkt 5 ASEAN-INDIA COMMEMORATIVE SUMMIT (25-26 JANUARY 2018) PRESIDENT JOKO WIDODO ATTENDS ASEAN INDIA COMMEMORATIVE SUMMIT Prime Minister Narendra Modi invited Heads of State /Heads of Government of all ASEAN Member States for attending ASEAN India Commemorative Summit on 25-26 January 2018. President Joko Widodo attended the Summit and also met Prime Minister Narendra Modi in New Delhi. The two leaders discussed intensifying ties in trade and investment, defence and maritime cooperation. President Joko Widodo was also Guest of Honour at the 69th Republic Day. Website: indianembassyjakarta.com Twitter: IndianEmbJkt Facebook: IndiaInIndonesia Youtube: IndianEmbJkt 6 69th Republic Day celebrated in Jakarta The 69th Republic Day was celebrated at the Embassy of India in Jakarta on 26 January 2018. Mr. Prakash Gupta, Charge de Affairs, hoisted the National Flag at the Embassy premises and read excerpts of Hon’ble President’s address to the nation on the eve of Republic Day. Nearly 300 members of the Indian community, Persons of Indian Origin and Friends of India participated in the ceremony. Students of four Indian schools - Gandhi Memorial International School, the Rama International School, Texmaco DPS School and Beacons Academy - sang the National Anthem and patriotic songs. The students of Jawaharlal Nehru Cultural Centre (JNICC) also performed patriotic songs and a dance on the occasion. Website: indianembassyjakarta.com Twitter: IndianEmbJkt Facebook: IndiaInIndonesia Youtube: IndianEmbJkt 7 \Directions: 1. Preheat oven to 450 degrees F (230C). 2. Place eggplant on a medium baking sheet. Bake 20 to 30 minutes in the preheated oven, until tender. Remove from heat, cool, peel, and chop. 3. Heat oil in a medium saucepan over medium heat. Mix in cumin seeds and onion. Cook and stir until onion is tender. 4. Mix ginger garlic paste, curry powder, and FLAVORS OF INDIA tomato into the saucepan, and cook about 1 minute. Stir in yogurt. Mix in eggplant and BAINGAN BHARTA jalapeno pepper, and season with salt. Cover, and cook 10 minutes over high heat. Remove (EGGPLANT CURRY) cover, reduce heat to low, and continue cooking about 5 minutes. Ingredients: 5. Garnish with cilantro to serve.