DOC

A fortnightly e-Newsletter of the Consulate General of India,

By Derek Stone,2014-06-16 22:47
7 views 0
A fortnightly e-Newsletter of the Consulate General of India, ...

    Business Opportunities in India

    A fortnightly e-newsletter of

    Consulate General of India, Hong Kong

    Volume VI, Number VI

    Dear friends,

     We are happy to present the latest issue of our fortnightly newsletter “Business

    Opportunities in India”. The sector in focus in this issue is Indian Silk Industry. Please

    visit our web site www.indianconsulate.org.hk to access previous issues of the

    newsletter as well as other interesting links on India.

    We would be pleased to receive your feedback on the contents of this newsletter.

    Commercial Wing,

    Consulate General of India

    Hong Kong.

C

    ONTENTS

THE BIG PICTURE………………………………………………………………………..

     1

    SECTOR IN FOCUS………………………………….…..……………………………….. 3

    TRADE FAIRS………………………………………………………………………………

     5

    BIZQUERRIES FROM INDIA……………………………………………………………

     6

    TENDERS FROM INDIA…………………………………………………………………. 12

    WRITE BACK………………………………………………………………………………. 14

B

    IG PICTURE

    ? Hewlett-Packard (HP) India launched its second manufacturing facility in India in Pantnagar, Uttaranchal. Set up with an initial investment of Rs 100 crore (US$21.41 million), the new HP plant will start functioning in March 2007. It will have an initial capacity of manufacturing 3,00,000 computers a month. HP already has a plant in Bangalore.

    ? The US$ 75 billion multinational retailer Carrefour is planning to enter India via the cash-and-carry route, in which 100% FDI is permitted under Indian law. It will initially invest US$ 100 million and will start from the national capital region. Cash-and-carry implies wholesale selling (business to business) and not direct sales to retail consumers. ? International Finance Corporation (IFC), the private equity arm of World Bank, may invest in India’s ultra mega power projects. It also said it was

    open to finance special economic zones (SEZ) in India. ? Indian Information Technology major Infosys Technologies is set to enter Nasdaq-100 when the index comes up for review in December. The Nasdaq-100 includes 100 of the largest non-financial securities listed on the NASDAQ, based on market capitalisation. Infosys will be the first Indian company to make it to the Nasdaq-100. With a $25 billion market capitalisation of American Depository Receipts (ADRs), the Bangalore-headquartered Infosys is now ranked 98 on the NASDAQ.

    ? According to the first Asia-Pacific Wealth Report published by Merrill Lynch and Capgemini, there has been a rapid growth of India's population of high net worth individuals (HNIs). The report estimates that there were around 83,000 HNIs in India at the end of ’05, up 19.3% over the previous year. This growth rate was the second highest among all the countries and markets globally, the report said. The report has defined HNIs as people with net financial assets of at least US$1m, excluding their primary residence and consumables. The report also found that only 0.01% of India’s adult population consist of HNIs, which is below the Asia-Pacific average of 0.1%, showing significant potential for growth in the number of HNIs.

    ? Three Indian women - ICICI Bank Deputy Managing Director Chanda Kochhar, HSBC India CEO Naina Lal Kidwai and Biocon head Kiran Mazumdar-Shaw - have been named among the world's 50 most powerful businesswomen by Fortune magazine.

    BackToTop

     ECTOR IN FOCUS: INDIAN SILK S

    ? In the textiles and clothing industry, cotton fibers, wool fibers, man made

    fibers and silk are the major materials used. Although cotton fibers

    provide good functional properties in wear, tear and durability; the fibers

    lack of luster, shine and luxurious feeling. Man made fibers like polyester and nylon has a good quality in functional and aesthetic properties, but they cannot provide comfort quality to the wearers. Silk as a natural fiber is the only material can provide durability, moisture absorption, luxurious feeling to the wearers. Hence, it is regarded as the queen of textiles.

    ? Technology overcomes the limitations of silk. Though silk has excellent performs in different aspects, it also inherits the poor wrinkle recovery and static problems which is similar to wool. For the wrinkle problem, yarn mechanics are altered to get desired wrinkle resistance or crease recovery. For example crepe, georgette, chiffon is manufactured using highly twisted yarn having different deniers. For the static charges on silk, hydrophilic finishing is imparted to decay and nullify the static charges generated.

    Silk produced in India

    ? India is the only country that can produce all the four types of silks commercially including Mulberry, Tasar, Eri and Muga. Mulberry, the bulk of the commercial silk produced in the world comes from this variety and often silk generally refers to mulberry silk. Tasar (Tussah) is a copper coloured, coarse silk mainly used for furnishings and interiors. It is less lustrous than mulberry silk, but has its own feel and appeal. Eri is a multivoltine silk spun from open-ended cocoons, unlike other varieties of silk. The silk is used indigenously for preparation of chaddars (wraps) for own use by the tribals. Muga, the golden yellow coloured silk is produced only in India and is the pride of Assam state. Production of silk in India

    ? India is one of the major silk producers in the world. India produced about 16,000 tonnes of raw silk in 2003, which is the second largest raw silk producer in the world. Sericulture provides 6,500,000 jobs across 60,000 villages in India. The total area under mulberry cultivation is 350,000 hectares and each hectare of land can produce 36,000 kg of mulberry leaf.

    Demand for Indian silk

    ? The demand for Indian silk is increasing. According to the statistics from the Central Silk Board, the largest importer between March and April this year was the US, the total volume was UD$ 206.06 million, accounting for 28.89% of the total export. Hong Kong was 7th, importing

    US$ 35.77 million. The total export volume was US$ 713.36 million,

    increased US$ 72.47 million compared with the same period in 2005.

    Verification of Indian Silk

    ? Central Silk Board (CSB) introduced the Silk Mark scheme

    to ensure the purity of silk products. It plays a multi-

    dimensional role in the overall promotion of Indian silk

    both in the domestic and export markets. The Central Silk

    Board, under the Ministry of Textiles, Govt. of India,

    sponsored a registered society called Silk Mark Organization Of India

    (SMOI). The SMOI operates the scheme and examine users of Silk Mark.

    G. Srinivasan, “Silk sector shifting focus on high-yielding bivoltine sericulture”, The Hindu

    Business Line. 2003.

    Central Silk Board of India, Review of silk exports & imports,

    http://www.indiansilk.kar.nic.in/statistics.html

    BackToTop

     RADE FAIRS TName of Fair

    Date, Venue, Organizer of Fair

    Major focus

    Contact details

26 th India International Trade Fair

    14-27 November, 2006

    Venue: Pragati Maidan, New Delhi, India

    Focus: Multi products

    Contact: India Trade Promotion Organisation

    Pragati Bhavan, Pragati Maidan,

    New Delhi - 110 001 (India)

    Phone:91-11-23378802,23371965, 23371815

    Fax: 91-11-23371869

    Email:ni@itpo-online.com, itponi@vsnl.net

    Website : http://www.iitfonweb.com/

INDPLAS '06

    24 th-27 th November 2006

    Venue: Science City Exhibition Ground, Kolkata

Focus: Plastic Products

    Contact: INDIAN PLASTICS FEDERATION

    8B, Royd Street, 1st Floor,

    Kolkata - 700 016

    Tel: + 91 33 2217 5699 / 5700 / 6004

    Fax: + 91 33 2217 6005

    E- mail: ipf@cal2.vsnl.net.in Website: www.indplas06.com th India International Garment Fair (IIGF)

    38Jan 22 24, 2007

    Venue: Pragati Maidan, New Delhi, India

    Focus: Garments

    Contact:

    Tel: 91-124-2708000-3

    Fax: 91-124-2708004-5

    E-mail: hoadepd@vsnl.com Website: http://www.indiaapparelfair.com/register_now.html

Tex-Styles India 2007

    Feb 27-March 2, 2007

    Venue: Pragati Maidan, New Delhi, India