DANISH BUSINESS DELEGATION TO VISIT
A high-level Danish business delegation led by His
Royal Highness, Crown Prince Frederik of
is scheduled to visit
February 1 – 8, 2003
. The visit is being
organized by the Confederation of Danish Industries (DI) in
cooperation with the Royal Danish Ministry of Foreign Affairs.
Business conferences and specialized seminars will be held at leading
hotels in both the capital of
and in the city of
’s financial centre.
Indian trade organizations and the Danish Embassy to
will invite Indian
decision-makers and leading company representatives to ensure a
INDIAN CUSTOMS DUTY LEVELS TO BE REDUCED
Indian Ministry of Finance is planning to cut the peak rate of customs
duty to 25% in the Union Budget for 2003-2004, thus rendering imported
goods cheaper. However, it will also increase protection extended to the
domestic industries in the case of deserving items.
Government of India feels that it needs to correct certain anomalies in
the duty structure, which lead to higher rates of duty on raw materials as
compared to intermediaries and finished products. It also has to adhere to
World Trade Organization commitments while introducing changes to the
import duty structure.
MINISTER SUPPORTS DIS-INVESTMENT
move that is most likely to reassure the potential and existing foreign
Minister Mr. Atal Bihari Vajpayee has announced that there is no going
back on the country’s dis-investment programme.
SIGN MOU FOR
signed a Memorandum of Understanding in
a framework for cooperation within critical sectors of
telecommunications for an initial period of 3 years. The MoU, which
establishes a joint working group to facilitate and identify areas of
collaboration, will focus on cutting-edge technologies. While
recognizing the potential for intensive trade between the two nations in
the telecom sector, the MoU underlines the need to tap the abilities and
opportunities within the sector in a more comprehensive manner.
TIES UP WITH JAPAN-BASED COMPANY TO GROW IT-BASE
major Tata Consultancy Services (TCS) has signed an agreement with the
Japanese hardware manufacturer NEC with the purpose of collaborating
within areas such as security products and solutions, sale of NEC
super-computers, e-government solutions, web integrations, and software
development. The tie-up with NEC will provide Tata Consultancy Services
with strategic opportunities to tap the NEC’s
customer base, and to explore the prospects of joint provision of
IT-solutions to Japanese companies in the Southeast Asian region.
Similarly, NEC Singapore can leverage TCS’ strong presence in
and regional markets.
OBTAINS LICENCE TO MARKET
Laboratories Ltd., India’s top drug maker by sales, has
signed a licensing agreement with the UK-based firm KS Biomedix for the
exclusive rights to market Biomedix’ product designed to treat brain
cancer in India. – The agreement in question provides Ranbaxy Lab. Ltd.
with the option to extend its marketing rights to
and other Southeast
MAY BAG INDIAN AIRCRAFT ORDER
is prepared to battle Airbus for an expected US$ 1.5 Billion order from
. Indian Airlines has
opted for Airbus and plans to induct 43 aircraft. However, the deal has
not yet been finalized, as the airline has to get several clearances and
is still at the pre-Public Investment Board stage.
International Exhibition & Conference on Biotechnology
Business Fair at 15th International Engineering &
Technology Fair – IETF 2003)
in Human & Animal Health
Pre-Payment, & Additional Information by contacting:
of Indian Industry (CII)
Mr. G. K. Raman, Executive Officer
Fairs Division, Gate No. 31, North Block
Nehru Stadium, New Delhi-110003
- Web: www.biotech-india.com
International Plastics Exhibition & Conference
Processing Machinery, Materials, & Auxiliary Equipment
& Finished Products
00 91 22 68 32 911, Fax: 00 91 22 68 45 861
IT & Software Exhibition & Conference
& Computer Software Export Promotion Council (ESC)
00 91 11 69 65 103, Fax: 00 91 11 68 53 412
details accessible from:
by Economic & Commercial Section, Embassy
of India, 15, Vangehusvej, DK-2100 Copenhagen, Tel: 39290854, Fax: 00 45 39270218 E-Mail: firstname.lastname@example.org