eportnations showing the largest absolute gains in wealthin 2010.India-US Bilateral Investments: India and the UnitedStates have agreed to ‘fast-track’ technical negotiationsfor an early conclusion of the bilateral investmentagreement they are negotiating.Cut in Import Duty on American Pistachios: Indiahas agreed to slash duty on import of Americanpistachio from 30 % to 10 %, according to the UStrade office.Corporate WatchGE India to invest Rs 700 cr: GE India, the subsidiaryof US-based industrial giant General Electric, willinvest around Rs 700 crore to set up a multi-productmanufacturing facility at Chakan near Pune.Amul to spread wings: The cradle of India’s WhiteRevolution, the Kaira District Cooperative Milk Producers’Union Ltd, or Amul Dairy, plans to enter the US andEuropean markets, by setting up manufacturing basesoutside India.Momentive R&D centre in Bangalore: US-basedMomentive Performance Materials Holdings LLC (formerlyGE Bayer Silicone), a specialty chemicals and materialscompany, will open a new regional business headquartersand a global R & D centre in Bangalore.Aditya Birla - Columbian Chemicals deal: The AdityaBirla Group has acquired the Atlanta-based ColumbianChemicals Company. The acquisition, which catapultsthe Aditya Birla Group to the world’s top carbon blackproducer, was made at Rs 3937 crore.NBRI’s Global Aliance: The Lucknow-based NationalBotanical Research Institute has entered into a globalalliance with the Indian subsidiary of US-based ProterraInternational for developing bio-fertilizers from organicwaste.Moser Baer Solar Ltd: Moser Baer Solar Ltd has signedan agreement with Munro Solar for the distribution of itssolar photovoltaic modules in the United States.Aecom Buys Green Building Firm in India: AecomTechnology Corp., a US-based technical and supportservicescompany, has acquired Spectral ServicesConsultants for an undisclosed sum. Spectral is aDelhi-based mechanical, electrical and plumbinggreen-building consultant; its projects include DelhiInternational Airport and the TCS office complex inAhmedabad.Mindlance opens Chennai Office: Mindlance, a NewJersey-based IT infrastructure service provider, is settingup an office at Chennai, as a part of its ongoingexpansion in India.PE Investment: The investment of $500 million in Indiansteel pipe manufacturer Welspun group, by US-basedApollo Global Management, clearly indicates that Indiais an unavoidable destination for global private equitymajors.Carlyle invests in Visen Industries: International assetmanager, The Carlyle Group, has invested $25 millionin emulsion manufacturer Visen Industries through anaffiliate.Foreign investments in Indian MFs: India has allowedforeign investors other than FIIs and NRIs to invest upto $10 billion in equity schemes of Indian mutual funds.The $10-billion investment ceiling is meant for a newcategory of qualified foreign investors or QFIs. Thesecover individuals, companies and pension funds thatare neither Non-Resident Indians (NRIs) nor ForeignInstitutional Investors (FIIs) and their sub-accountsregistered with SEBI.Zydus acquires US pharma co: Ahmedabad-basedZydus Cadila is acquiring a US-based generic pharmacompany for $60 million, which also includes purchaseof two generic drugs – Micro-K and Potassium ChlorideER capsule products.Mahindra Aerospace: Mahindra Aerospace Pvt. Ltdis scouting for a technology partner to make aircraftcomponents at its proposed plant in Bangalore. Theirfocus is on an expedited certification process, equityas well as technical collaboration.IBF Members In The NewsDr Reddy’s Labs: Dr Reddy’s Laboratories has launchedthree generic drugs in the US market. The drugs areused to treat central nervous system disorders andwere all approved by the US drug regulator recently.Jubilant drug discovery pact: Jubilant DiscoveryServices Inc., a US based subsidiary of Jubilant LifeSciences Co, has entered into a drug discovery alliancewith Janssen Pharmaceutica N.V. to deliver preclinicalcandidates to Janssen. The alliance is set to span aninitial period of 3 years and will focus on multiple targetsin neuroscience.TCS to Boost US Staff: Tata Consultancy ServicesLtd. expects to hire more than 1,200 Americans thisfiscal year through March 2012 to diversify its talentpool as well as counter anti-outsourcing sentiment inthe US. Tata Consultancy, India’s largest outsourcingcompany by sales, has nearly 1,900 local employeesin the United States.Communiqué <strong>July</strong> <strong>2011</strong> | 67
EastWorld Environment Day5 June, Jamshedpur, Bhubaneswar, BalasorePlantation of saplings in BhubaneswarIn Jamshedpur, World Environment Day was observedin keeping with the global theme of 'Nature at yourService'. Ms Himani Pandey, Deputy Commissioner ofPolice, flagged off a walkathon. Tree planting, launch ofjute bags to kick start the ‘No Plastic’ campaign, andthe release of a booklet titled 'Facts on Environment'were other highlights of the event.<strong>CII</strong> Odisha State Council and Yi Bhubaneswar Chapterorganized a ‘Plant a Tree- Plant a Life Campaign’and planted more than 100 saplings to mark WorldEnvironment Day.Fifty fruit bearing saplings were planted in the ‘Go-GreenCampaign’ in Balasore.BiharHR Conclave16 June, PatnaThe HR Conclave, with the motto of orchestrating thebackbone of a company’s profitable improvement byaptly grooming the ‘human potential’ had Mr AnjaniAnjani Kumar Singh, Principal Secretary, HRD, Bihar; Nirmallya Ghosal,Chairman, <strong>CII</strong> Bihar State Council; and Dr U K Singh, DirectorGeneral, IIBM Patna, at the HR ConclaveKumar Singh, Principal Secretary, Human ResourceDevelopment, Bihar, as the Chief Guest.Skill Development: Focus Bihar23 June, PatnaThe Roundtable on Skill Developmentdiscussed how Bihar can develop intoa major skill empowered territory. MrM V Subbhiah, Janardan Singh Sigriwal, Minister forPast President, Labour Resources, Bihar, was the Chief<strong>CII</strong>, andChairman, Guest, while Mr M V Subbiah, PastNSDC President, <strong>CII</strong>, and Chairman, NationalSkill Development Corporation (NSDC) and Mr DilipChenoy, MD & CEO, NSDC, also spoke.ChhattisgarhManagement with a Difference14 June, RaipurA special session on ‘Management with a Difference’with Swami Anubhavanandaji highlighted the need andrelevance of value-based management in the presentcomplex and fast changing environment.JharkhandSafe Work Culture10 June, JamshedpurThe seminar on ‘Towards Optimising Safe Work Culture’focussed on Safety, Industrial Hygiene and Job Stress.Experts also gave recommendations on BehavioralSafety, Fire Safety and Road Safety.Focused Improvement Concept16 June, JamshedpurKobetsu Kaizen, or the Focused Improvement pillarof TPM, minimizes the types of losses with activitiesthat maximize the overall effectiveness of equipmentprocess and plant. A workshop was held on Bottom LineImprovement through Focused Improvement Concept.OdishaMaterial Planning10 June, BhubaneswarThe training programme on Material Planning for68 | <strong>July</strong> <strong>2011</strong> Communiqué