INDIA FOLIO

Vol.3 No.7

Embassy of India ~ Copenhagen  

 August 15, 2002

 

INDIA-DENMARK


A high-level Indian Biotechnology Delegation to visit Denmark

A high-level Indian Biotechnology Delegation headed by Dr. (Mrs.) Manju Sharma, Secretary, Department. of Biotechnology, Ministry of Science & Technology and comprising of high-ranking representatives of the National Institute of Immunology, New Delhi and the National Centre for Cell Sciences, Pune would be visiting Denmark from September 9th – 12th 2002. The delegation would be holding meetings with the Head of the Danish Trade Council, senior officials of the Danish Ministry of Science & Technology and representatives of Universities and the Industry sector. Danish companies or institutions interested in meeting the Delegation may approach the Embassy of India, phone: 39182888/39290854,email: india@email.dk

 

ECONOMY


India’s Exports Record 13% Growth in June 2002

Indian exports have staged a noteworthy recovery by recording a 13% growth in June 2002 over the corresponding month of 2001, thus achieving a value of US$ 4.07 Billion against their level of US$ 3.61 Billion registered in June 2001. This recent development also constitutes a sharp rise over the modest 4% rise in exports witnessed in May 2002. - Imports into India during June 2002 also increased by close to 11%, reaching a value of US$ 4.44 Billion against US$ 4.01 Billion in June 2001. Nevertheless, the double-digit growth in exports has consequently reduced India’s global trade deficit by almost 10%.                                                        

 

Economy to Grow at 5.5%, Finance Minister Declares

The Finance Minister of India, Mr. Jaswant Singh has informed the Indian Parliament that the country’s economy is expected to grow at a 5.5% rate in the fiscal year 2002-2003. He added that the industrial output of India is projected to grow by 5.9% and the services sector by 6.9%, whereas India’s agricultural sector is forecast to grow by no more than 3.5%.

 

POLICY

EU & India Plan Bilateral Textile Deal

India and the EU are examining the possibility of implementing a limited bilateral deal within the textile sector to compensate Indian textile industries for the likely loss of more than Euro 250 Million arising out of diversion of trade to Pakistan due to the duty-free access being granted to this country by the EU. The issue was discussed during the 12th Session of the India-EU Joint Commission held in July in Brussels.

 

New Export Promotion Council for EOUs/SEZs/EPZs

A new Export Promotion Council (EPC) representing export-oriented units as well as units situated in Special Economic Zones (SEZs), Export Processing Zones (EPZs), Software Technology Parks (STPs), and Electronic Hardware Technology Parks (EHTPs) is on the cards, as numerous Indian exporters running units within these categories are working for the formation of the new body. The Confederation of Export Units, which now looks after the interests of the concerned parties, is, therefore, likely to be converted into an EPC. Officials of the Commerce Department have indicated their willingness to support the formation of this new EPC.

 

Policy on Aviation Bilaterals Soon to Materialize

The issue of granting more landing rights to foreign carriers will be settled once and for all through a clear set of policy guidelines, the Indian Minister of Civil Aviation, Mr. S. Hussain has declared. Such guidelines are likely to be formulated following consultations between Mr. Hussain, the Minister of Tourism, Mr. Jagmohan, and the External Affairs Minister of India, Mr. Yashwant Sinha. Once the 3 ministers have worked out the details, the issue will be referred to the Union Cabinet.

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INFORMATION TECHNOLOGY


IBM Research Lab Develops Speech Recognition for Indian Languages

IBM’s India Research Lab (IRL) is presently working on an exciting state-of-the-art speech recognition system for Indian languages as well as telephony speech recognition. IRL is consequently extending the IBM ViaVoiceTM recognition technology to build a speech recognition system for the Hindi language. Its team has constructed an acoustic model for this language on the basis of a large sample of Hindi acoustic data. IRL aims to cover more Indian languages and then to build a multilingual speech recognizer for the Indian languages based on a multilingual phone set. 

 

Brigade to Enter BPO Market in India

Brigade Corporation, a provider of business processing outsourcing (BPO), is planning to enter the emerging BPO marked in India in a major style. Chennai was the preferred choice for a Brigade location in India due to the city’s vast pool of IT talent and its infrastructural facilities. According to company sources, its new Chennai centre along with its existing Hyderabad centre would serve as bases for Brigade’s BPO operations.

 

US Fusion Technologies to Expand its Activities in India

 New Jersey-based software solutions provider Fusion Technologies Inc. has revealed its plans to increase its operations in India through its subsidiary Fusion-Cybertech, announcing considerable new investments.

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BIO-MEDICAL/PHARMACEUTICAL SECTOR


Orchid in Joint Venture with Chinese Undertaking

 Indian company Orchid Chemicals & Pharmaceuticals Ltd. has entered into a 50:50 joint venture with the North China Pharmaceutical Corporation (NCPC), the largest pharmaceutical group in China. The venture named NCPC Orchid Pharmaceuticals Co. Ltd. will manufacture and market injectible antibiotics in China. Based in Shijiazhuang in North China, production is expected to commence by January 2003.

 

 
German Pharmaceutical company sets up Research Facility in India

 The German pharmaceutical company von Hoffmeister Pharma GmbH has identified India as the ideal place for establishing a research facility, particularly for drugs involving ayurvedic and herbal ingredients. Initially, von Hoffmeister plans to carry out most comprehensive clinical trials with the purpose of developing alternatives for the next generation AIDS therapies.

 

India Seeks Changes in TRIPS to Prevent Bio-Piracy Acts

Along with several other countries, India has sought an amendment to the present WTO agreement on TRIPS in order to prevent bio-paracy acts, under which a person may claim patent rights in a certain country over genetic resources, which are under the sovereignty of another country.

 “In the absence of clear provisions in TRIPS (Trade Related Intellectual Property Rights), implementation of the agreement may allow for acts of bio-piracy and thus result in systemic conflicts with the Convention on Biological Diversity (CBD),” India said in a joint paper recently submitted to the WTO General Council along with 10 other countries including Brazil, China, Cuba, Dominian Republic, Equador, and Pakistan.

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MISCELLANEOUS

Indian Submarine Deal with French Company in Pipeline

In what promises to be the biggest order ever for the Mazagon Docks, the Government of India will sign a US$ 1.8 Billion deal with France in September 2002 for 6 Scorpene submarines. Each submarine will thus cost around US$ 300 Million.

 The French naval technology firm DCN International will also sign a construction cum-technology transfer deal with the Mazagon Docks in this regard.

 

BG Board Clears US$ 50 Million for Reviving Oil Fields

The Board of British Gas has cleared an investment of US$ 50 Million for rejuvenating its jointly owned oil fields in India – fields, which BG had bought from Enron. In addition to the US$ 50 Million, British Gas has also proposed further investments roughly to the tune of US$ 150-200 Million in the second phase of a production programme aimed at improving the output from the oil & gas fields.

 

Fruit & Vegetable Exports from India to EU may be Certified

The Directorate General of Foreign Trade (DGFT) in India has declared that all fresh fruit & vegetables exported to the European Union may be inspected and certified by the Directorate of Marketing & Inspection under the auspices of the Indian Ministry of Agriculture. The DGFT’s decision comes in the wake of the European Commission’s instruction to its member countries to introduce checking operations on import of fresh fruits & vegetables at their respective ports of entry.

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FORTHCOMING EVENTS


 7th IICDES 2002 Exhibition & Conference

       (India Int. Civil & Defence Equipment & Systems Exhibition & Conference)

                             India’s 7th Aerospace & Defence Technology Show

                                              September 4th – 6th 2002

 

  • Venue       : Ashok Convention, Ashok Hotel, Chanakyapuri, New Delhi
  • Organizers : SAT Consultants Pvt. Ltd. – SAT Expo Division

                 General Manager: Brig. M. K. Modi (Retd.)
                 7/13, Kalkaji Extension, New Delhi-110019
                 Tel: 00 91 11 62 88 874, Fax: 00 91 11 68 35 096
                 E-Mail:
satcon@nde.vsnl.net.in

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IFE India 2002

                                                Food & Drink Equipment & Hospitality Show

                                                      December 4th – 7th 2002

 

  • Organizers : I.T.E. India Pvt. Ltd.

                      I-83, Lajpat Nagar-II, New Delhi-110024
                    
Tel: 00 91 11 63 19 411, Fax: 00 91 11 63 19 416   
            
         E-Mail: ite@nda.vsnl.net.in

 

 

PHARMACEUTICAL EXPO 2002 
 
&

                                54th Indian Pharmaceutical Congress

                                        December 13th – 15th 2002

 

  • Venue       : Bhartiya Vidhyapeeth, Dhankawadi Campus, Pune

 

  • Organizers : Federation of Indian Chambers of Commerce & Industry (FICCI)

                            Federation House, Tansen Marg, New Delhi-110001

  • For further information and applications for booking of participation, contact :

Mr. Sanjay Ganjoo, Assistant Secretary, 
FICCI –  New Delhi.
Tel: 00 91 11 3357082 

Fax: 00 91 11 33 20 714
E-Mail: ficciexhibition@vsnl.net

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Published by Economic & Commercial Section, Embassy of India, 15, Vangehusvej, DK-2100 Copenhagen, Tel: 39290854, Fax: 00 45 39270218 E-Mail: india@email.dk    
Website: https://www.indian-embassy.dk/

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