bilateral beat - High Commission of India, Colombo

High Commission of India, Colombo 

India—Connects 

The Economic and Business Newsletter May, 2012 

Making Headlines ... 

Spotlight of the Month: 

Automobile 

Visit of High Commissioner to Eastern Province 

High Commissioner H.E. Ashok K. Kantha 

visited Eastern Province from 24-27 May covering all 

three districts, Trincomalee, Batticaloa and 

Ampara. High Commissioner met Hon’ble Chief 

Minister of the Eastern Province Sivanethathurai 

Chandrakanthan, Hon’ble Governor Mohan 

Jayawickrema and political and religious leaders in 

the province during this visit. 

Visit of 15 member women 

business delegation to Sri 

Lanka 

High Commissioner reviewed projects of Indian assistance currently 

being undertaken in the Province. He also held wide ranging discussions with 

various stakeholders to assess the impact of these projects on the ground and 

understand local priorities and requirements in order to further expand India’s 

development assistance. 

In an event on 25 May at Onthachimadam (Batticaloa), Hon. Chief 

Minister and High Commissioner inaugurated a Vocational Training Centre set 

up under Indian assistance of SLR 76 million. The Centre will train persons for 

repair of outboard motors, tractors, agricultural implements, two-wheelers and 

three-wheelers. 

High Commissioner also handed over a total of 15 trishaws to 

war-affected women in two separate events at Valachennai (Batticaloa) and 

Akaraipattu (Ampara) on 25 May and 26 May respectively. 

High Commissioner also discussed implementation of the Housing 

Project, which would involve construction of about 4,000 houses in the Eastern 

Province, with various stakeholders, including potential beneficiary communities. 

During the visit, High Commissioner offered floral tributes at the statue 

of Mahatma Gandhi in Batticaloa. 

The objective of the visit to the Eastern Province was to understand the 

ground situation in the Province and explore opportunities to further develop 

economic, cultural and people-to-people links with that part of Sri Lanka. 

Spotlight: Automobile 

In this issue….. 

Making Headlines... 1 

Bilateral Beat 2-4 

Spotlight 5-6 

Bilateral Economy 7 

Visit India 8-9 

Indian Economy 10-11 

Indian & SL Trade Query 12-16 

Indian & SL Trade Fairs 17 

Useful Biz Links 18 

Contact Us….. 

Economic & Commercial Wing 

High Commission of India 

36-38, Galle Face Road 

Colombo-3, Sri Lanka 

Mr. Manish, Counsellor (E & C) 

Tel: +94-11-2430560 

Fax: +94-11-2399287 

com.colombo@mea.gov.in 

Mr. S.P. Sapra, Second Secy. 

Tel: +94-11-2422158 

Fax: +94-11-2446403 

com2.colombo@gmail.com 

Website: www.hcicolombo.org 

The automobile sector of any country reflects the health of its economy. By this virtue, the Indian 

economy is very much in a good shape as the country's automobile industry has marked impressive growth in 

the last fiscal. 

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BILATERAL BEAT 

Visit of an all-women business delegation from India to Sri Lanka 

An all-women delegation from the Associated Chambers of Commerce and Industry of India 

(ASSOCHAM) comprising of 15 women entrepreneurs from Delhi, Mumbai and Kolkatta visited Sri Lanka 

from 3-8 May 2012, under the aegis of the SAARC Women’s Initiative for Peace and Prosperity (SWIPP). 

The objective of SWIPP is to strengthen economic and 

cultural cooperation between India and each of the SAARC 

countries, through a unique all-women platform and 

perspective. 

The 15-member women delegation was led by Dr. 

Harbeen Arora, President, Creative Living Foundation on behalf 

of ASSOCHAM. According to Dr. Arora, the purpose of the 

delegation was to “meet as many women entrepreneurs and 

leaders from Sri Lanka from diverse fields like trade and 

investment, politics, media, arts, public health and well-being, 

science and technology, environment, academia and peace 

who can be part of the SWIPP initiative.” 

High Commissioner of India Ashok K 

Kantha meeting with 15-member Indian 

women business delegation 

During the visit, the delegation had a meeting with High Commissioner of India to Sri Lanka Ashok K. 

Kantha. They also had a meeting at the National Chamber of Commerce of Sri Lanka in Colombo on 4 

May, where they met its President Mr. Asoka Hettigoda and interacted with the members of the National 

Chamber of Commerce and Women’s Chamber of Industry and Commerce. The delegetes met 

Ms. Vidyani Hettigoda, Chairperson, Women’s Chamber of Industry and Commerce, Sri Lanka and Ms. 

Otara Del Gunawardene, Odel. The members of the delegation came from a variety of backgrounds like 

Handloom, Architecture, Higher Education, Interior Designing, Human Resource Consulting etc. 

Dr. Harbeen Arora, leader of the delegation, said that the delegation was successful in meeting its 

objectives of connecting women entrepreneurs in India to their counterparts in Sri Lanka. 

Women business delegation at the National Chamber of Commerce of Sri Lanka 

Previous Page Back to Cover Page Next Page


SLINTEC enters into Strategic Technology Development Agreement with Nagarjuna 

Fertilizers and Chemicals Limited (NFCL), India 

The Institute of Nanotechnology in Sri Lanka (SLINTEC) and the Nagarjuna Fertilizers and 

Chemicals Limited of Nagarjuna Group India entered into a strategic collaboration of US $ one billion to 

develop the next generation of nanotechnology based plant nutrition solutions. The signing of agreement 

held at Cinanmon Grand Hotel, Colombo on 15 March 2012. The agreement was signed in the presence of 

Hon. Pavithra Wanniarachchi, Minister of Technology and Research and His Excellency Ashok K. Kantha, 

High Commissioner of India. 

High Commissioner Ashok K Kantha said this initiative taken by the leading manufacturer and 

supplier of plant nutrients in India and the leading technology institute in Sri Lanka in the key area of 

agriculture will further strengthen the economic engagement between the two countries. 

SLINTEC Chairman Mr. Mahesh Amalean said these are next generation green products aimed at 

increasing productivity and income for farmers and creating a sustainable business for all the stakeholders 

engaged in agri-business. He said the vision of the government is to make Sri Lanka a destination for 

nanotechnology research and development and this strategic partnership with Nagarjuna Group India is the 

first step towards achieving this vision. The government has contributed Rs. 850 million for this project. This 

is an opportunity for SLINTEC to work with a global partner to take the product development journey from 

lab to land. Mr. Amalean complimented the SLINTEC team for their work achieving a ``smart’’ solution for a 

complex problem of maximizing benefits of plant nutrients with significant benefits on both economic and 

environmental grounds. 

“The strategic partnership is a result of extensive scientific research of eminent scientists 

in the country. The international collaboration on nanotechnology is proof of Sri Lanka's potential in 

the science and technology sector”, he said. 

Nagarjuna Group has an extensive manufacturing and marketing network in Asia, Africa and South 

America and is deeply engaged in emerging technology development as a growth engine for the business. 

This partnership is an association targeted to take technological and market leadership in the niche nano 

plant nutrition product space which will be a win-win situation for both parties, Nagarjuna Group CEO R.S 

Nanda said. 



“India Show” in Colombo in August 2012 

The High Commission of India organized an India-Sri Lanka Business Forum at Taj Samudra on 30 

May 2012 to discuss the possibilities of enhancing trade and economic relations between India and Sri Lanka 

and informing the participants about the “India Show” planned for August 2012. 

The Forum was attended by H.E. Ashok K. Kantha, High Commissioner of India, Mr. P. Kumaran, 

Deputy High Commissioner, Mr. Kumar Mallimaratchi, President, Federation of Chamber of Commerce & 

Industry of Sri Lanka (FCCISL), Mr. Tilak De Zoysa, Vice President, Indo-Lanka Chamber of Commerce & 

Industry, Mr. Harin Malwatte, Secretary General, Ceylon Chamber of Commerce, Mr. E.M. Wijetillake, 

Secretary General, National Chamber of Commerce of Sri Lanka (NCCSL), CEOs of Indian Companies doing 

business in Sri Lanka, representatives of Sri Lankan Companies, Officials from the High Commission and 

Chambers. 

The Commercial & Economic Counsellor of the High Commission, Mr. Manish briefed the participants 

on the trends of economic and trade relations between the two countries. He informed the gathering that, with 

the support of Ministry of Commerce & Industry, Government of India, the Confederation of Indian Industry 

(CII) would be organizing the “India Show” in Colombo from 3 – 5 August, 2012. The venue for the ‘India 

Show’ would be the Bandaranaike Memorial International Conference Hall (BMICH), Colombo. The “India 

Show” will coincide with the visit of Hon. Anand Sharma, Minister of Commerce, Industry & Textiles, 

Government of India, to Sri Lanka. The event is being organized with the following objectives: 

 

 

 

 

to promote Indian technology and services with the intention of increasing the trade between India 

and Sri Lanka; 

to provide a platform for Indian companies to showcase their strengths and capabilities; 

to attract Indian investment in Sri Lanka; and 

to provide opportunities to Sri Lankan business to develop linkages with prospective Indian partners. 

The main features of the event are: three days of exhibition at BMICH from 3-5 August, 2012; 

business conference; one-to-one meetings; visit of business delegation; visit of high-level Ministerial 

delegation; cultural evening and gala dinner. A food festival and Indian wine sampling will also be organized 

to coincide with the “India Show”. More than 100 Indian Companies are expected to participate in the event. 

Speaking on the occasion, High Commissioner Kantha made a reference to the positive growth trend 

in India-Sri Lanka bilateral trade in 2011. The two-way trade grew by 65%, to reach about USD 5 billion. He 

said that the forthcoming visit of Hon. Anand Sharma, Minister of Commerce, Industry & Textiles, to Sri Lanka 

and the “India Show” would further provide impetus to the trade & commercial relations between the two 

countries. 

Mr. P.D. Fernando, Director General, Department of Commerce of Sri Lanka welcomed the initiative 

of the Government of India to organize the “India Show” and assured the support of the Ministry of 

Commerce & Industry, Government of Sri Lanka. Other speakers from the Chambers emphasized the 

importance of India-Sri Lanka trade & economic linkages and extended their support for the “India Show”. 

For further information regarding “India Show”, please write to Mr. Manish, Counsellor (Eco & Com) 

[e-mail: com.colombo@mea.gov.in Tel: +94-11- 2430560; Fax: +94-11-2399287]. 


Spotlight Continues: Automobile 

Introduction 

The overall Indian automobile industry grew by 12.12 per cent in 2011-12 by selling 17.3 million 

units, majorly driven by demand for two-wheelers and light trucks. Further, the sector witnessed sales growth 

of 12.46 per cent for the period between April 2011 and February 2012. 

The industry has undergone numerous developments and investments recently that have 

substantially impacted the market dynamics. 

Market Dynamics 

As per the 2010-11 data released by the Society of Indian Automobile Manufacturers (SIAM), 

domestic vehicle market is dominated by two-wheelers segment with 76 per cent of the pie. Passenger 

vehicles, commercial vehicles and three-wheelers account for 16.25 per cent, 4.36 per cent and 3.39 per cent 

of the market, respectively. 

Hero MotorCorp rules the two-wheeler market with 56 per cent of the share. Maruti Suzuki holds its 

leader position in passenger vehicle segment with 38 per cent of the pie, while Hyundai follows with 15 per 

cent of the share. 

For passenger vehicle segment, the share of the entry-compact segment (that consists of cars like 

the Tata Nano, Maruti Alto, Ford Figo, Maruti WagonR, Hyundai's Santro, i10 and Eon and GM's Beat) stood 

at 47 per cent in 2011, while premium compacts (like Maruti Swift, Hyundai i20 and VW Polo) maintained 

their share of 11 per cent. Sports-utility vehicle (SUV) segment registered the fastest growth rate (32 per 

cent) to capture over 18 per cent of the market share, while Sedans had 19 per cent of the pie. 

Key Statistics 

 

 

 

The cumulative production for April-March 2012 registered a growth of 13.83 per cent over April-March 

2011, manufacturing 20,366,432 vehicles during the period 

While Passenger vehicle segment grew at 4.66 per cent during April-March 2012, overall commercial 

vehicle segment registered an expansion of 18.20 per cent year-on-year 

Two Wheelers sales registered a growth of 14.16 per cent during April-March 2012 wherein Mopeds, 

Motorcycles and Scooters grew by 11.39 per cent, 12.01 per cent and 24.55 per cent, respectively 

The industry exported 2,910,055 units registering a growth of 25.44 per cent in April-March 2012. 

Automobile exports registered a growth of 17.81 per cent in March 2012 as against March 2011 

Major Developments & Investment 

 

 

World's largest two-wheeler manufacturer Hero MotoCorp has inked a technology-sharing deal with US 

motorcycle firm Erik Buell Racing (EBR) wherein Hero would buy technology from EBR without sharing 

profits or ownership. EBR is already working on some of Hero MotoCorp's products to customise them 

according to the Indian markets. New models of bikes and scooters are likely to get launched by 2013 

The Stuttgart-based luxury car maker Mercedes Benz intends to invest Rs 350 crore (US$ 67.97 million) 

by 2014 in its facility near Pune and launch about five compact premium cars in India by then. The 

company sees great growth prospects in India and hence plans to strengthen its dealership network and 

ramp-up its production capacities to harness the opportunity 


Spotlight Continues: Automobile 

Tata Motors, the country's largest automobile producer, has announced that it will infuse Rs 800 crore - 

Rs 1000 crore (US$ 155.2 - 194 million) over 2012-2015 to build a plant in Dharwar, Karnataka. The 

facility that would be exclusively dedicated to manufacture the Tata Ace Zip and Magic Iris, will have an 

annual capacity of 90,000 units. It is anticipated that the plant would reach its full capacity by the end of 

fiscal 2012-13 

 

Nissan plans to bring its premium car brand Infiniti in the domestic market as it intends to expand its 

luxury car basket in India. Infiniti's entry will intensify the competition in Indian luxury car space as there 

are so many brands vying for substantial market share. Nissan plans to assemble the car in India instead 

of importing it a completely-built unit (CBU) 

 

Escorts' agri-machinery arm won a one-year rate contract from the Ministry of Commerce and Industry for 

supplying tractors to Central and State-level agencies. The contract would enable the Faridabad-based 

firm to supply tractors on pre-approved prices directly without entering any tendering process 

Government Initiatives 

In order to enforce compliance and the Energy Conservation Act, the Government has recently given 

its nod to fuel mileage standards and labelling for new cars. Keeping consumer interest in mind, these norms 

would mandate auto makers to put Government certified fuel efficiency labels on each car they sell and 

improve efficiency of their products. While the labels will become compulsory soon, the standards will be 

introduced by 2015, giving manufacturers time to improve upon their technology. 

SIAM is working on a voluntary recall policy that is in favour of auto manufacturers. The soon-to-beunveiled 

policy would make producers proactive rather than being reactive for the recall activity. On a similar 

note, the Indian Government is in the process of constituting a National Automotive Board (NAB) which would 

become a formal set-up to look into the issue of recall of vehicles and hence improve manufacturing 

standards. The prospective body, to oversee technical and safety aspects of vehicles, will have 

representatives from all the nodal ministries and automotive bodies such as the Automotive Research 

Association of India (ARAI). 

Road Ahead 

Industry body SIAM expects overall automobile sales to grow by 10-12 per cent in 2012-13 on the 

back of supportive Government policies, launch of new models and intensifying enthusiasm for cars among 

Indian consumers. 

Furthermore, Rothschild, a UK-based global financial advisory firm, 

forecasts that India would become the third largest auto industry by volumes 

by 2015. The growth is anticipated to be driven by increase in investments 

by auto makers that would expand the capacity from 4.8 million units in 2010 

to 12 million in 2018. New launches, strengthening dealership networks, 

strategic alliances and predicted mergers and acquisitions (M&As) are 

expected to provide an impetus to the sector in the years to come. 

Source: www.ibef.org 


BILATERAL ECONOMY 

Lanka, Singapore bilateral trade hits $ 1.94 billion in 2011 

As Sri Lanka – Singapore bilateral trade surged to $ 1.94 billion in 2011, the first ever Sri Lanka 

- Singapore Business Forum was held in Colombo on 30 May. The event was organised by the Sri Lanka 

- Singapore Business Council of the Ceylon Chamber of Commerce to coincide with the visit of Foreign 

Minister of Singapore H.E. K. Shanmugam from 29 May to 1 June. H.E. Shanmugam was accompanied by a 

high-powered delegation from the Singapore Business Federation (SBF). 

“The business forum between Sri Lanka and Singapore was a first in our bilateral trade history but 

more importantly, it is a milestone in our bilateral trade since it shows that our business to business level 

linkages too have grown considerably, thereby highlighting the importance of our fourth largest international 

trade partner” said Hon’ble Rishad Bathiudeen, Minister of Industry and Commerce of Sri Lanka. 

Singapore's total trade with Sri Lanka in 2011 amounted to $1.94 billion, of which $ 1.53 billion were 

imports to Sri Lanka. From Singapore's end, Sri Lanka is the 37th ranked global trading partner. Singapore 

firms in Sri Lanka are active in property development (Overseas Realty (Ceylon) Ltd), food and beverage 

processing (Prima Ceylon, Asia Pacific Breweries), logistics (Keppel Logistics), telecommunications 

(LankaCom, subsidiary of Singapore Telecom), apparel (Ghim Li Group) and conventions and conferences 

(Pico Global Services). In February this year, the Singapore Business Federation (SBF) and the Board of 

Investment of Sri Lanka (BOI) signed a memorandum of understanding aimed at strengthening cooperation 

and promoting business and investment relations between the two countries, paving way for deeper 

collaboration between businesses of both countries. 

Bilateral Trade 

Bilateral trade turnover amounted to about US$ 1455.83 million during the period January-April 2012. 

During this period Sri Lanka's exports to India were about US$ 160.93 million; and imports from India were 

about US$ 1294.90 million. During April, Sri Lanka’s imports from India amounted to US$ 286.91 million; and 

exports to India aggregated US$ 33.73 million. 

Source: Sri Lanka Customs, www.customs.gov.lk 

Tourist Arrivals from India to Sri Lanka 

100000 

90000 

80000 

70000 

60000 

50000 

40000 

30000 

20000 

10000 

0 

74197 

85874 

Tourist Arrivals 

(January ‐ April) 

65797 

83549 

75130 

91102 

63835 

Jan Feb Mar Apr 

69591 

2011 

2012 

The number of tourist arrivals in first four 

months of 2012 is 330,116. The number of tourist 

arrivals from India to Sri Lanka between January to 

April 2012 is 55,780 which is approximately 16.9% of 

the total tourist arrival into Sri Lanka. In corresponding 

period of last year 52,181 tourists from India visited Sri 

Lanka, which amounts to an increase of 6.9%. During 

April 2012, 15,432 tourists visited Sri Lanka as against 

14,705 in the corresponding period of the previous year 

indicating a growth of 4.9%. 

Source: Sri Lanka Tourism Development Board, www.sltda.gov.lk 


Bengaluru 

VISIT INDIA 

Bengaluru, earlier known as Bangalore, is the capital city of 

southern Indian state of Karnataka. The city is third most populated 

cities of India. It is located on the Deccan Plateau in the 

south-eastern part of Karnataka. The city is blessed with a 

rejuvenating climate. With its beautiful parks, avenues, 

multiplexes, gardens and historical monuments, it is unquestionably 

sparkling with life and zeal. 

The other aspect of the city which is most important for the visitors is its beautiful gardens. Bengaluru 

is also called the ‘Garden city of India’, for its ever attractive gardens and parks. Bengaluru, which is known 

as the 'Silicon Valley' of India, is the country's information technology (IT) hub. More than 200 software 

companies are headquartered in the city, including Infosys and Wipro, India's largest software companies. 

Many giant manufacturing industries such as Hindustan Aeronautics Limited, National Aerospace 

Laboratories, Bharat Electronics Limited and Hindustan Machine Tools have their headquarters in Bangalore. 

Truly one of India's major economic hubs, Bengaluru was rated as the ´Best Place to do Business in the 

world. 

Fast Facts 

State 

Area 

Famous for 

Languages 

Best Season 

Weather 

Karnataka 

2,190 sq.kms 

Gardens 

Kannada, Tamil, Telugu, Hindustani/ 

Urdu, Hindi and English 

September-March 

Summer (Max-33 °C), Winter (Min-8°C) 

Location Map 

Tourist Attractions in Bengaluru 

Bangalore Palace 

The Bangalore Palace is located in the Palace Garden of 

Bangalore. The Palace was built in the year 1887 by Wodeyar Dynasty. The 

inside of the palace is built in Tudor architectural style. The Palace was 

home to the Mysore rulers. 

Lal 

Bagh 

Garden 

The Lal Bagh Garden is a botanical garden. The major 

attractions of the garden are the Glass House, Aquarium and a 

lake. This botanical garden has over 1000 species of flora. The 

Glass House is the center of attraction in this 2400-acre park. 


VISIT INDIA 

Vidhan 

Soudha 

ISKCON 

Temple 

The building was built in the Neo-Dravidian architectural style and was 

built in 1954. Today is the Seat of State Legislature of Karnataka. The Vidhan 

Soudha building is the most magnificent and impressive building of 

Bangalore. 

A must see tourist spot in the Bangalore 

city is the Cubbon Park. It is located in the heart 

of the city and is spread over an area of 330 

acres. The Park was established in 1864 by 

Lord Cubbon and hence it is named after him. 

ISKCON temple is a Vaishnava temple of Krishna and Radha located 

at Rajajinagar, in the North Bangalore, Karnataka. It is one of the largest 

ISKCON temples in the world. It was Built in Dravidian style of architecture, 

the ISKCON temple is a marvelous building. A must see tourist spot in Bangalore. 

As the name suggests the Bull Temple is dedicated to a bull who was 

the vehicle of Lord Shiva. The name of the bull was Nandi so the local people 

name it as Nandi Temple. The temple contains an idol of a bull which is 4.5 meter 

tall and 6 meter long. Located in Basavanagudi, this temple was built by 

Kempegowda in the Dravidian style. 

Cubbon 

Park 

Bull 

Temple 

A must visit place for all the art lovers. Currently the gallery displays 

about 600 paintings throughout the year. As the name suggests the 

Venkatappa Art Gallery displays and exhibits paintings of K. Venkatappa. 

The gallery is located in the Karnataka Government museum. 

Venkatappa Art Gallery 

Nandi 

Hills 

The Tipu Sultan Fort 

was built in the year 1537 and 

it was extended in 1790. The 

fort was initially built by Kempe 

Gowda. Inside the fort there is 

Tipu Sultan Palace. It is mainly 

made of wood and reflects 

great work of artistry. 

Tipu Sultan Fort & Palace 

The Nandi Hills is located around 60 kms from the city of Bangalore. 

The hill offers scenic view and is home to many historic relics which would 

take the traveler back into time. The Nandi hill has 2 temples of Lord Shiva. 

The Shiva Statue is 65 feet high and is located on the Airport Road just 

behind Kemp Fort. The statue depicts Lord Shiva who is seated in Padmasan or 

Lotus position. This is the largest Shiva statue in India. 

Shiva 

Statue 

The background has been made to look as if it is Mountain Kailash with 

River Ganga flowing from the entangled rocks. The statute looks majestic during the 

night when it is lighted. 

Source: www.wikipedia.org 


INDIAN ECONOMY 

Indian Economy Overview 

India is projected to see a faster growth of 7.5 per cent this fiscal, on the back of higher savings and 

investment rates, even as most of the Asia-Pacific economies are likely to expand at a slower pace, as per a 

United Nations (UN) report. "We expect it to expand by about 7.5 per cent in 2012-13," said Nagesh Kumar, 

Chief Economist, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP). 

Today, India is among the most attractive destinations globally, for investments and business and 

FDI had increased over the last few years. The Indian economy has continuously recorded high growth rates 

and become an attractive destination for investments. 

Meanwhile, India continued its ascent as a top destination for private clean energy investment, 

according to a research report released by The Pew Charitable Trusts. "Clean energy investment, excluding 

research and development, has grown by 600 per cent since 2004," according to Phyllis Cuttino, Director, 

Pew's Clean Energy Program. India's clean energy sector continued to flourish in 2011, with private 

investment increasing 54 per cent to US$ 10.2 billion, placing the country at sixth position among the G-20 

nations. This was the second highest growth rate among the G-20 nations. 

The World Economic Forum (WEF) plans to establish permanent physical presence in India by 

setting up an office in the next twelve months. "Today, India is amongst the most important G-20 economies 

and this underscores Forum's commitment to the country as a partner," according to Mr Sushant Palakurthi 

Rao, Senior Director, WEF. 

The Economic Scenario 

 

 

 

 

Tata Consultancy Services (TCS) has been named as the world's fourth most valuable information 

technology (IT) services brand by leading global brand valuation company, Brand Finance. "With a strong 

brand strategy and a refined sponsorship portfolio, TCS has been able to improve both brand awareness 

and its profile globally," as per David Haigh, Chief Executive Officer and Founder, Brand Finance 

The Union Ministry of Science and Technology has selected three consortia that will receive a grant of Rs 

125 crore (US$ 23.58 million) from the Central Government. The funding will be over five years, under the 

Indo-US Joint Clean Energy Research and Development Centre. The Joint Clean Energy is part of the 

US-India Partnership to Advance Clean Energy, announced by the Indian Prime Minister, Dr Manmohan 

Singh, and the US President, Mr Barack Obama, in November 2011, which aims to accelerate the 

transition to high performing, low emissions, and energy secure economies 

Non-resident Indians (NRIs) deposited US$ 11 billion into bank deposits during 2011-12, three times 

more than in the previous year, according to data released by the Reserve Bank of India (RBI). The 

highest accretion was in the non-resident (external) rupee account, at US$ 7.46 billion, against an outflow 

of US$ 280 million in 2010-11 

The Government of India has approved 14 Foreign Direct Investment (FDI) proposals amounting to US$ 

288.05 million, based on the recommendations of Foreign Investment Promotion Board (FIPB) 

India's foreign exchange (Forex) reserves increased by US$ 1.4 billion in the week ended April 20, 2012, 

according to data released by the RBI. The reserves have increased US$ 205 million since the start of 

this financial year 


INDIAN ECONOMY 

FDI inflows worth US$ 341.49 million were recorded in the drugs and pharmaceuticals sector between 

April 2009 to February 2012. At present, the Government of India allows 100 per cent FDI for both greenfield 

and existing projects in the sector, according to Shri Jyotiraditya Scindia, Hon’ble Minister of State for 

Commerce and Industry 

India is the global leader in the IT-business process outsourcing (BPO) industry with half of the world's 

back office being located here. Indian outsourcing revenue at US$ 59 billion for 2011, accounts for 51 per 

cent of the global offshore market share, as per a report by Tholons Research. The total direct employment 

by Indian IT-BPO sector (as of 2011) was 1.98 million and indirect employment was 7.5 million 

Growth Potential Story 

 

 

 

 

 

Consumer spending in India is likely to grow nearly four times to touch US$ 3.6 trillion by 2020, driven by 

rising incomes and aspirations, widespread media proliferation and better physical reach across the 

country, according to a joint report titled, 'The Tiger Roars - How a billion plus people consume and shop' 

by Boston Consulting Group (BCG) and the Confederation of Indian Industry (CII) 

The research and development (R&D) talent pool is growing at the rate of 9 per cent every year and 

expected to reach 250,000 by 2015, as per C S Chandramouli, Senior Director-Globalisation Advisory, 

Zinnov. Indian multinational companies (MNC) are moving into tier-II cities, highlighted the Zinnov study. 

Fresh talent pool in tier-II cities is estimated to form 35 per cent of the Indian R&D workforce going ahead. 

In the tier-II cities, work such as testing, level 3 customer support and bug fixing are being undertaken 

Indian Space Research Organisation (ISRO) plans to launch its biggest ever spacecraft, the 5,000 kg 

GSAT-11, by 2014. The advanced communication satellite, GSAT-11, will be double the capacity and 

size of the present buses, and will be built over the next two years 

The Indian IT infrastructure market will reach US$ 2.05 billion in 2012, showing a growth of 10.3 per cent 

over the previous year. This market, comprising servers, storage and networking equipment, will touch 

the US$ 3 billion mark by 2016, according to technology research firm, Gartner 

The Indian internet economy is expected to touch Rs 10.8 trillion (US$ 203.77 billion) by 2016, according 

to a report titled 'Connected World Series study' by the Boston Consulting Group. India's internet 

economy's growth rate of 23 per cent makes it the second fastest across the G-20 countries and ahead of 

many other developing nations. The report 'The $4.2 trillion Opportunity: The Internet Economy in G-20', 

further notes that if the internet were a sector, it would be the eighth largest in India 

Road Ahead 

India continues to urbanise at a strong pace driven by a combination of uptrending consumption, 

robust job creation and growing financial penetration, according to Morgan Stanley's proprietary AlphaWise 

City Vibrancy Index. The report reveals that Bengaluru, Chandigarh, Hyderabad, Pune and Chennai are the 

top 5 vibrant cities. 

The Government had liberalised investments made by registered foreign institutional investors (FIIs) 

under the Portfolio Investment Scheme (PIS) from April 10, 2012. Earlier, these investments required 

Government approval. 

India will see the largest number of merger and acquisitions (M&A) in the pharmaceutical and 

healthcare sector, as per consulting firm, Grant Thornton. A survey conducted across 100 companies has 

revealed that a fourth of the respondents were optimistic about acquisitions in the pharmaceutical sector. 

Source: www.ibef.org 


INDIAN TRADE QUERIES 

S. 

No 

Products – Importers/ 

Dealers in Sri Lanka 

Company Name 

Tel/Fax/E-mail 

1. Medical and Surgical 

Equipments 

Mr. Amit Singh 

Asst. Manager - Exports 

M/s. Supreme Enterprise 

Z-34, Okhla Industrial Area, 

Phase – II, New Delhi – 110 020, 

India. 

Tel: +91-11-40516900 (5 lines) 

Fax: +91-11-40516444 

E-mail: 

sales@suppremeheathcare.com 

Website: 

www.suppremehealthcare.com 

2. Low Voltage Switchgears, 

Energy Meters, 

Circuit Breakers and 

Wires 

3. Construction, Engineering 

and Cement Companies 

4. Agricultural Machinery 

and Construction 

Equipments 

5. Onion, Spices, Cashew 

Nut, Honey and Rice 

Mr. Sudeep Kumar Sharma 

Deputy Manager – Sales & Marketing 

M/s. HPL India Ltd, 

1/21, Asaf Ali Road, 

New Delhi – 110 002, 


Ms. Sudeshna Banerjee 

Managing Director 

M/s. PS DIGITECH (India) Pvt. 

Ltd, 

P-613, Block-O, New Alipore, 

Kolkata – 700 053, 


Mr. Pankaj Kumar Pansari 

M/s. Shri Parashwanath Udyog 

Plot No. G-1-661, Sitapura Industrial 

Area, 

Jaipur – 302022, 

Rajasthan, 


Mr. N. Ramanathan 

Proprietor 

M/s. Sri Madhurakali Amman 

Traders 

No. 91/13-3, Rajaji Colony, 

Atur – 636 102, 

Salem, Tamil Nadu, 


Tel: +91-11-23234411 

Mobile: +91 9717222763/ 

9871173605 

Fax: +91-11-23232639 

E-mail: sudeepsharma@hplindia.com 

rajeshkhanna@hplindia.com 

Phone: +91-33-65293371/ 32567286/ 

65332822 

Mobile: +91-9830276826 

E-mail: sudeshna@digitech-hr.net 

Website: www.digitech-hr.net 

Mobile: +91-9414064381 

E-mail: pankaj@jaipurfabricator.com 

Mobile: +91-9443345361 

E-mail: madhurakali25@yahoo.in 

6. Beer/ Liquor Mr. K.M. Jha 

President (International Trade) 

M/s. Som Distilleries & Breweries 

Ltd 

Som House 23 Zone II, M.P. Nagar, 

Bhopal – 462021, 


Tel: +91-755-4271271/ 4278827 

Mobile: +91-8962405109 

E-mail: jhakm@somindia.in 

Website: www.somindia.in 


INDIAN TRADE QUERIES ….continues 

7. Mica Mr. Devesh Gourisaria 

M/s. Narayani Industries 

230A, A.J.C. Bose Road, 

Kolkata – 700020, 


8. Departmental Stores Mr. P. Gopalakrishna 

Secretary 

M/s. India-ASEAN-Sri Lanka 

Chamber of Commerce & Industry 

“Arjay Apex Centre”, 3 rd Floor, 

51, College Road, Nungambakkam, 

Chennai - 600 006, 

Tamil Nadu, 


9. Frozen Marine Product Mr. Vishnu G. Dev 

Sector No. 9/C-54/203, Shantinagar, 

Mira Road (East), 

Thane – 401107, 


Rubber and Plastic Mr. Blair 

10. 

M/s. Tianjin Tianqiu Chemicals 

Co. Ltd 


Oil Barrel 

Mr. M. Sukumar 

11. 


M/s. V D Swami & Co. (Pvt) Ltd 

VDS House, 41, Cathedral Road, 

Chennai – 600 086, 


12. 

14. 

Coconut Coir Fiber 

PTFE/ FEP/ PFA Products 

Mr. Rajat Juneja 

Executive–International Marketing 

M/s. Nexgen Fluoropolymers Pvt. 

Ltd 


Mr. Nilesh Akbari 

M/s. Shree Ram Packaging Industries 

At-Tankara, Rajkot, 

Gujarat, 


15. Guar Gum, Raw Cotton Mr. Vipul Bhavsar 

M/s. Prachi Exports 

25, Gopinath Nagar, 

Jagatpur Gam Road,Chandlodia, 

Ahmedabad – 382481, 

Gujarat, 


Tel: +91-33-22872421 

Fax: +91-33-22875282 

E-mail: devgourisaria@gmail.com 

Tel: +91-44-28212165/ 28227460 

Fax: +91-44-28225603 

E-mail: iascci@dataone.in 

Website: www.iascci.org 

Tel: +91-9930205255 

E-mail: sonachigrup@gmail.com 

expimpsyndicate@gmail.com 

E-mail: blair@tjtqchem.com 

Tel: +91-44-28113177 

Fax: +91-44-28117479 

E-mail: ms.vdswami@vdswami.com 

Mobile: +91-9560544338 

E-mail: 

rajat.juneja@nexgenfluoro.com 

Website: www.nexgenfluoro.com 

Tel: +91-2822-287687 

Fax: +91-2822-287187 

E-mail: info@srpackagingindia.com 

Website: www.srpackagingindia.com 

Tel: +91-79-65100001 

Mobile: +91-8866021440/ 

9723821440 

E-mail: 

prachiexports0407@gmail.com 



16. Fan, Water Heater Mr. V.K. Jain 

M/s. Kraftline Appliances Pvt. Ltd 


17. 

Automotive Applications, 

Wires, Cables 

and Medical Disposable 

Equipment 

Mr. Eshwarya Pathak 

M/s. Shriram Polytech, 

IMT Ghaziabad, 


18. Ethyl Alcohol Mr. Amar Sarin 

M/s. Alcohol Transporters & Exporters 

205, South Soti Gunj, 1 st Floor, 

Andhra Bank Building, B.B.Road, 

Meerut, Uttar Pradesh, 


Mobile: +91-9810077744/ 

9350077741 

E-mail: vkjain@kraftkraft.com 

Mobile: +91-8826890729 

E-mail: eshwaryapathak@gmail.com 

Tel: +91-121-2660841 

Mobile: +91-9319880841/ 

9760756756 

Fax: +91-121-4000841 

E-mail: a_b_carriers@yahoo.com 

Website: www.amarbulk.com 

19. Pepper, Bed Sheet, 

Jute and Jute Products 

20. Handicrafts, Art Wares, 

Kitchen Accessories, 

Furniture, Bath Accessories 

21. Spices, Rice, Wheat, 

Oilseeds, Vegetables , 

Fruits, Pharma, Cosmetic,Agricultural 

and 

Herbal Commodities 

22. Gem Stones and Silver 

Jewellery 

23. Agriculture, Vegetable 

and Fruits 

Mr. R. Vengadasalam 

Sole Proprietor 

M/s. Dharshanth International 

D-268, E V K. Sampath Nagar, 

Erode – 638 011, 

Tamil Nadu, 


Mr. Aleem Uddin 


M/s. Beauty Art Handicrafts 

Peerzada Street, Khatghar, 

Moradabad – 244 001, 

Uttar Pradesh, 


Mr. Prashant Upadhyay 

M/s. Charlee Agro 

B-34, Dhanshree II, Central 

Spine, 

Vidhyadhar Nagar, 

Jaipur, Rajasthan, 


Mr. Kailash Chand Soni 

M/s. Best Gems 

1299, Chankya Marg, Subhash 

Chowk, 

Jaipur – 302 002, Rajasthan, 


Mr. Sivankutty 

Manager (Export-Import Dvpt) 

M/s. National Organic Fertilizer 

1008/1010, 10th Floor, 

Akik Complex, Opp. Rajpath 

Club, 

S.G.Road, Bodakdev, 

Ahmedabad-380 054, Gujarat, 


Mobile: +91-9943459508 

E-mail: vengatmaha53@yahoo.com 

Tel: +91-591-2490554 

E-mail: 

aleem@beautyarthandicrafts.com 

E-mail: charlee.agro@gmail.com 

Mobile: +91-9024246177 

E-mail: bestgemsjaipur@gmail.com 

Tel: +91- 79-26871072 

Mobile: +91- 9727761291 

Fax: +91- 79-26871073 

E-mail: export@noforganic.com 

Website: www.noforganic.com 



24. Spices M/s. Worlding Impexul 

9, Nidhi Complex, Nr. Gormoh 

Hotel, Judges Bunglow Road, 

Bodakdev, 

Ahmedabad – 380054, 

Gujarat, 


Mobile: +91 7600051168/ 

9879133427/ 9824890406/ 

9974094565 

E-mail: worldingimpex@gmail.com 

info@worldingimpex.com 

Website: www.worldingimpex.com 

25. Pharmaceutical and 

Herbal Products 

26. Handicrafts, Dry Fruits, 

Brass Metals and Fresh 

Fruits 

27. Medical Disposable, 

Surgical Devices and 

Surgical Dressings 

28. Rice, Spices, Animal 

Feed and Sugar 

29. Liquor and Pharmaceuticals 

30. Garments, Masala 

Items and Pepper 

Ms. Nimisha Darji 

M/s. U Square Lifescience Pvt. 

Ltd 

B-804, Premium House, 

Nr. Gandhigram Station, 

Off Ashram Road, 

Ahmedabad – 380 009, 

Gujarat, 


Mr. Abhishek Asthana 

M/s. T-402, Ashok Vihar, 

Ashok Nagar, 

Allahabad – 211001, 

Uttar Pradesh, 


Mr. S.K. Jain 

Director (International Sales) 

M/s. Shree Shantinath Industries 

833-34, Dina ki mandi, 

Ambala Cantt-133001, 

Haryana, 


M/s. Sunita Exports 

B-1601,Vrindavan Tower, 

Padma Nagar/Chikuwadi, 

Borivali(W), 

Mumbai – 400092, 


Mr. Raj Kumar Khatuwala 

Director 

M/s. Shyam Packseal Pvt Ltd 

13L, Gopala Tower, 

25, Rajendra Palce, 

New Delhi- 110 008, 


Mr. R. Seenivasan 

Sole Proprietor 

M/s. R.S. International 

3/86, East Street, 

Ilayarasanendal, 

Tuticorin – 627 713, 

Tamil Nadu, 


Tel/ Fax: +91-79-40070928 

Mobile: +91-9727764735 

E-mail: nimisha.darji@usquare.biz 

Tel/ Fax: +91-532-2420197 

Mobile: +91-9450578278 

E-mail: 

siddhivinayakexp@rediffmail.com 

Website: 

www.siddhivinayakexport.com 

Tel: +91- 805-9777103 

E-mail: skj22678@gmail.com 

shantinath7512@yahoo.com 

Tel: +91-22-28334943 

Mobile: +91-9004757453/ 

8291192182/ 9892106056 

E-mail: sunitaexports@yahoo.in 

sunitaexportsindia@gmail.com 

Website: www.sunitaexport.in 

Tel: +91-11-2582 7375 

Mobile: +91-9873295026 

Fax:+91-11-4153 6621 

E-mail: shyampackseal@gmail.com 

Mobile: +91-9976896062 

E-mail: 

seenivasan1982@yahoo.co.in 


SRI LANKA TRADE QUERIES 

S. 

No 

Products Company Name & Address Tel/Fax/E-mail 

1. Escorts Machinery Mr. Tony Ganlath 

Sri Lanka. 

Mobile: +94-772755428 

E-mail: ganlathtimber@sltnet.lk 

2. Hardware Products Mr. M.R.M. Saifullah 

M/s. N.M.S. Hardware 

No. 239, Old Moor Street, 

Colombo – 12, 

Sri Lanka. 

Mobile: +94-772251445 

E-mail: k_gulamhussain@hotmail.co.uk 

3. Contact Details of VA 

Tech Wabag Ltd, India 

4. Bajaj and TVS Three 

Wheelers, Bicycles 

Spare Parts 

Mr. K.L. Naguleswaran 

Assistant Sales Manager 

M/s. H.E. Engineering Pvt. Ltd 

170, St. Joseph Street, 

Colombo-14, 

Sri Lanka. 

Mr. Asiri Herath 

Director 

M/s. Sanara Traders Pvt. Ltd 

Sri Lanka. 

Tel: +94-11-2341983/ 2341984 

Fax: +94-11-2341985 

Mobile: +94-714344675 

E-mail: sales@heengr.com 

info@heengr.com 

E-mail: asiriherath@msn.com 

5. Printing Companies Mr. Vernon Abeyratne 

M/s. Orient Trading Co. (Pvt) Ltd 

165, Dippitigoda Road, 

Dalugama, 

Kelaniya, 

Sri Lanka. 

Tel: +94-11-2914935/ 2914643 

E-mail: orientv@slt.lk 

Website: www.orientv.com 

6. Contact Details of 

“ISGEC Group, India” 

Mr. Don K. Mahanama 

M/s. Richfield Technologies 

No.61, Hospital Street, 

Colombo - 01, 

Sri Lanka. 

Mobile: +94-773205393 

E-mail: mathukoralage@gmail.com 

7. Micro-Nutrient Fertilizers 

Mr. Nihal Jayatunge 

Manager – Commercial & Technical 

M/s. International Crop Sciences 

Pvt. Ltd 

179, High Level Road, 

Pannipitiya, 

Sri Lanka. 

8. Brass Machinery Mr. M.N.M. Hisham 

M/s. Pettah Hardware Stores 

340, Old Moor Street, 

Colombo – 02, 

Sri Lanka. 

Tel: +94-11-4366070/ 71 

Fax: +94-11-2838789 

Mobile: +94-777105106 

E-mail: sales@internationalcrops.com 

E-mail: zaidbsyou@yahoo.com 


INDIAN TRADE FAIRS AND BUSINESS EVENTS 

S. No Events Organiser (s) 

1. 

IEEMA “TRAFOTECH Workshop & 

Exhibition 2012”, from 6th - 7th 

August 2012 at India Habitat Centre, 

New Delhi, on “Best Practices for 

Transport, Storage, Installation, 

Commissioning, Operation and 

Maintenance of Large Power 

Transformers”. 

Further details you may contact 

Ms. Pooja Tavate, 

Indian Electrical & Electronics Manufacturers 

Association (IEEMA) 

501, Kakad Chambers, 

132, Dr. Annie Besant Road, Worli, 

Mumbai 400018, India. 

Mobile: +91-9004602896 

E-mail: pooja.tavate@ieema.org 

Website: http://www.ieema.org/trafotech2012 

2. 

“The India International Textile 

Machinery Exhibition” to be held 

2nd-7th December 2012, at 

Convention Center, Goregaon (E), 

Mumbai, India. 

Further details you may contact 

India ITME Society, 

76, Mittal Tower B Wing, 7 th Floor 210, 

Nariman Point, 

Mumbai 400021, India. 

Tel: +91-22-22020032, 22828138, 66303834 

Fax: +91-22-22851578 

E-mail: contactat@ubuda-item.com 

Website: www.india-itme.com 

SRI LANKAN TRADE FAIRS AND BUSINESS EVENTS 

S. No 

1. 

Events 

“India Show” from 3rd - 5th August 

2012 at the Bandaranaike Memorial 

International Conference Hall, 

Colombo. 

Organiser (s) 

For further information you may contact 

Mr. Jitesh Modi / Hemant Kumar Jha, 

Confederation of Indian Industry, India. 

Tel: +91-124-4309442 

Mobile: +91-9818935873 

Fax: +91-124-4014080 

E-mail: jitesh.modi@cii.in 

hemantkumar.jha@cii.in 

2. 

“Arogya 2012” from 17th -19th 

August 2012 at the Bandaranaike 

Memorial International Conference 

Hall, Colombo. 

For further information you may contact 

Ms. Devi, 

The National Chamber of Commerce of Sri Lanka, 

No.450, D.R. Wijewardene Mawatha, Colombo-10. 

Tel: +94-11-4741984 

Fax: +94-11-2689596 

E-mail: devi@nccsl.lk and sg@nccsl.lk 

Website: www.nccsl.lk 


USEFUL BIZ LINKS 

National Portal www.india.gov.in 

Confederation of Indian Industry (CII) http://www.ciionline.org 

Federation of Indian Chambers of Commerce & Industry (FICCI) www.ficci.com 

Associated Chambers of Commerce and Industry of India (ASSOCHAM) http://www.assocham.org 

National Association of Software & Service Companies http://www.nasscom.in 

Department of Industrial Policy & Promotion http://dipp.nic.in 

India Brand Equity Foundation http://www.ibef.org 

Ministry of Overseas Indian Affairs http://moia.gov.in 

Overseas Indian Facilitation Centre (OIFC) http://www.oifc.in 

Indian Investment Centre (IIC) http://iic.nic.in 

Reserve Bank of India (RBI) http://www.rbi.org.in 

Ministry of Commerce & Industry (Deptt of Commerce) http://commerce.gov.in/ 

Ministry of Law, Justice & Company Affairs, Department of Company Affairs (to register and check status of a 

company) http://www.mca.gov.in/ 

Ministry of Finance www.finmin.nic.in 

Central Board of Excise & Customs (Customs tariffs) www.cbec.gov.in 

Income Tax Department http://www.incometaxindia.gov.in 

Directorate General of Foreign Trade (Trade Complaints) http://dgft.delhi.nic.in 

India Trade Promotion Organisation (ITPO) http://www.indiatradepromotion.org 

Federation of Indian Export Organisations (FIEO) http://www.fieo.com 

National Centre for Trade Information (NCTI) http://www.nic.in/ncti 

Indian Council of Arbitration http://www.ficci.com/icanet 

Export Credit Guarantee Corporation (ECGC) http://www.ecgcindia.com 

Export Import Bank http://www.eximbankindia.com 

Export Inspection Council http://www.eicindia.org 

The State Trading Corporation of India Ltd. http://www.stcindia.com 

Minerals and Materials Corporation Limited www.mmtclimited.com 

India Credit Rating Agency Ltd (ICRA) www.icra.in 

Credit Rating & Information Services India Limited (CRISIL) http://www.crisil.com/ 

Engineering Export Promotion Council http://www.eepcindia.org 

Overseas Construction Council of India http://projectexports.nic.in 

Agricultural and Processed Food Products Exports Developments Authority (APEDA) http://www.apeda.com/ 

Basic Chemicals, Pharmaceuticals & Cosmetics Export Promotion Council (CHEMEXCIL) http:// 

www.chemexcil.gov.in 

Pharmaceuticals Export Promotion Council (Pharmexcil) www.pharmexcil.com 

Pesticides Manufacturers & Formulators Association of India www.pmfai.org 

CAPEXIL http://www.capexil.com 

Plastics & Linoleums Export Promotion Council http://www.plexcon.org 

Council for Leather Exports http://www.leatherindia.org 

Gem and Jewellery Export Promotion Council http://www.gjepc.org 

Cashew Export Promotion Council http://www.cashewindia.org 

Electronics & Computer Software Export Promotion Council www.escindia.com 

Apparel Export Promotion Council http://www.aepcindia.com 

Carpet Export Promotion Council http://www.indiancarpets.com 

Cotton Textile Export Promotion Council http://www.texprocil.org 

Export Promotion Council for Handcrafts http://www.epch.com 

Handloom Export Promotion Council http://www.hepcindia.com/ 

The Indian Silk Export Promotion Council http://www.silkepc.com 

Synthetic & Rayon Textile Export Promotion Council www.synthetictextiles.org 

Marine Products Export Development Authority (MPEDA) http://www.mpeda.com/ 

Rubber Board http://www.rubberboard.com 

Tea Board http://tea.nic.in 

Spices Board http://www.spicesboard.org/ or www.indianspices.com 

Coir Board http://coirboard.nic.in/ 

Indian Institute of Packaging http://iip-in.com 

Indian Diamond Institute http://www.diamondinstitute.net 

GSI India (formerly EAN-India) http://www.gs1india.org 

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