The Business Tycoons

GLOBAL INDIA BUSINESS FORUM PRESENTS

THE BUSINESS TYCOONS

ACTIONS DELIVER RESULTS

JULY 2020

BUSINESS OPPORTUNITIES IN TOGO COMOROS

SECTOR REVIEW

..PAPER PETROLEUM INDUSTRY INDUSTRY JUTE FISHING INDUSTRY INDUSTRY

Behzad Soltani

Aboboyaya Kokouvi

Kareem Lateef Babatunde

Avnish Kumar Founder & CEO of LivNSense

Okante D. Parbey

Mayoro Ndao

Amanna Iheanyi Nwaguru

"Everyone has the KEY, its just a matter of using it right”

THE BUSINESS TYCOONS ACTION DELIVER RESULTS

July - 2020

GIBF’S STRENGTH

Magazine

About GIBF GIBF Embassy Tie-ups Memorandum of understanding of GIBF Honorary Members Avnish Kumar - Founder & CEO of LivNSense Improving competitive edge in construction industry - 7 c's approach Sector Review - Petroleum Industry Behzad Soltani - Founder of Jahrom Diamond Aboboyaya Kokouvi - CEO of ABAC SARL Mayoro Ndao Top Mergers & Acquisitions Kareem Lateef Babatunde - Founder of First Expert Logistics Limited Okante D. Parbey - Founder of Yalen Enterprises Why Join GIBF Mr. Amanna Iheanyi Nwaguru - CEO of Chayoue Energy Company Limited Togo - Infocus Sector Review - Fishing Industry Economic Bilateral Agreements & MOU’s Comoros - Infocus Flipkart Upcoming GIBF Events & Trade Fairs GIBF Past Events & Trade Fairs

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65,000+ Members Members from

78 Countries 250 Business Affiliations

5,000 Corporate Members

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40 Tie-ups with different Embassies/ Consul General No part of this publication may be reproduced by any means without prior permission from Editor.

GIBF Magazine is not responsible for statements made or for opinions expressed in the articles published in this volume and Publisher accepts no responsibility for accuracy of information, errors or omissions and rejects any claims arising out of any actions which the company or individual make on the basis of information contained herein.

All rights reserved. Title is protected through a Copyright registered with India Patent & India Copyright Act 1957.

GIBF Associates Private Limited. Copyright © 2020

Contact Information For Subscriptions / For Advertising / For Article Reprints or Permission to use GIBF Associates Private Limited email: info@gibf.biz Website : www.GIBF.biz or call at +91 85302 46006. content including text, photos, illustrations and logos: Use of GIBF Associates Private Limited content without the express written permission of GIBF Associates Private Limited or copyright owner is expressly prohibited.

Editor - Ms. Aishwarya Joshi Publisher - GIBF Associates Private Limited, India.

President’s Message As the COVID-19 pandemic is gripping the world, it has adversely affected the market opportunities for business in various sectors as well. Different sectors are facing different kinds of problems, be it in terms of investment, business profits, financing of projects or producing goods to bridge the gap between demand and supply. Thus these factors are negatively affecting a company's ability to cash-in on the latest market opportunities.

Not only have the market opportunities been affected, but the mode of conducting business has changed too. Sometime ago, when there was an option to conduct physical business, with the pandemic that option is scarcely available today.

Nowadays, businesses in various sectors are going online to catch up with the trend of 'going digital'. The construction sector, for example, is coming up with a unique tool called 'COVID Space Planner' which will help the sector come up with innovative ideas to keep workplaces safe and free from the pandemic.

The customer's expectations have also increased from these companies as a customer would always want high quality and hygienic products especially during trying times like these.

However, customers also fear of contracting the virus through physical contact with shopkeepers and hence small-scale groceries and other brick-and-mortar businesses have seen a steep decline in their revenues.

With all the things going on around the business world, it is now even more important to deeply analyse the business that has been done before COVID-19. This might give businessmen a good idea of how to move ahead during these difficult times.

It is equally, if not more, important for businessmen to be practical about their ambitions. This is clearly not the time to take giant leaps of faith or become overambitious, while taking business decisions which might result in doing more harm than good.

While there is a lot of chaos around, it is a crucial time for businessmen to turn into visionaries for their businesses and look for international opportunities or opportunities they can create during this time. It is important now, more than ever, to have a long-term vision when it comes to growth of their business. And Global India Business Forum (GIBF) will help these countries have a global reach as it is a networking platform that helps businesses identify business opportunities in other countries and helps explore them. GIBF also helps businesses connect with different embassies, thus enhancing a business's opportunity creation ability. GIBF also plans to bring in delegates representing different countries which will further help businesses across different spectrums connect with these delegates on a deeper level.

Also, as businessmen, you are always on the lookout for ways to grow your business and your business can grow only when people know that your business exists. And there is no better way for people to know about your business than advertise your company in The Business Tycoons magazine. The main reasons why you must choose this magazine are because your promotions for your business can reach up to 20 million businesses and you can also connect to more than 160 different websites on the GIBF platform that will help you get a better idea of who can be your ideal business partner.

The current phase that we as individuals and businessmen are going through is no doubt, a challenging one. However, getting stuck to the negative aspects of this phase is of no use. It is important to stay positive and look for opportunities in the next year, i.e. 2021. There is still hope for businesses to prosper as there might be chances of generating better business and revenues in future. Hence, it is important to not lose sight of your goal and keep going with your heads held high.

Dr. Jitendra Joshi Global President – Global India Business Forum

Global India Business Forum THE BUSINESS TYCOONS ACTIONS DELIVER RESULTS e- Magazine : Up to date business news and inspiring stories www.GIBF.biz | www.TheBusinessTycoons.com

About GIBF India is a fast growing country and an emerging superpower. With the Indian Government's drive for “Make in India" and “Skill Development”, there are ample opportunities for both Indian and Global companies to run start-ups and make exponential growth in all business sectors.

In such a dynamic and vibrant business scenario, to promote synergy, a need for the formation of a common platform was felt.

The idea was perceived and progressed further by Dr. Jitendra Joshi, a successful businessman and visionary who has over 25 glorious years of experience in manufacturing and service industries at senior level management in numerous MNCs. To fulfil this need and to bring together business professionals from various segments like Automobile, Engineering, FMCG, Chemical, Pharmaceuticals, Electronics, Heavy Metal, Service Industry etc, Global India Business Forum (GIBF) was created.

GIBF will consist of members from all fields of business, industry, academics and other professions without any segment boundaries. GIBF has its head office in Delhi, Corporate Office in Pune, India and Global offices in Dubai, USA, UK, Singapore and China. It also has its presence in Mumbai, Chennai, Ahmedabad, Kolkata and in all other metro-cities of India.

VISION

MISSION

VALUES

Creating and building a World Business Community for the prosperity of businesses globally.

To provide a common platform for businesses and entrepreneurs to share their ideas & experiences for entrepreneurial development.

We value holistic growth, humanistic diversity and are committed to professionalism, excellence, community involvement, accountability and timely progress with ethical values.

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GIBF EMBASSY TIE-UPS

ZIMBABWE The Republic of Zimbabwe, or simply called Zimbabwe or Rhodesia, is a landlocked country in Southern Africa, sharing its borders with countries like South Africa, Botswana, Zambia and Mozambique. The capital of the country is Harare and it is also the largest city in the country. Zimbabwe's population currently stands at 1,48,62,924 and has 16 ofďŹ cial languages. Among these 16 languages, English, Shona and Ndebele are the most commonly spoken.

Ambassador of the Republic of Zimbabwe Dr. Godfrey Majoni Chipare accepted the Honorary Membership of Global India Business Forum, in presence of Global President Dr. Jitendra Joshi and Global Coordinator (Young Entrepreneurs) Abhishek Joshi.

TOGO Togolese Republic, also called Togo, is a country in West Africa sharing its borders with Ghana, Benin and Burkina Faso. It extends all the way to the Gulf of Guinea. Togo's capital city Lome is situated in the Gulf of Guinea. The land area of the country is 57,000 sq. km. which makes this country one of the smallest in Africa. Also, the population of Togo is 8.2 million as of 2020. Togo was declared independent from the French rule in 1960.

Embassy Of the Togolese Republic of Togo Ambassador Mr. Kondi Mani accepted the Honorary Membership of Global India Business Forum, in the presence of Global President Dr Jitendra Joshi and Global Coordinator Deepali Gadkari.

Global India Business Forum THE BUSINESS TYCOONS ACTIONS DELIVER RESULTS e- Magazine : Up to date business news and inspiring stories www.GIBF.biz | www.TheBusinessTycoons.com

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MEMORANDUM OF UNDERSTANDING - GIBF Global india Business Forum has signed MOU with TIIKM, AIPMA & MSMECCII for recognizing the mutual interest & the benefits of support & combined efforts towards the development of business.

TIIKM (The International Institute of Knowledge Management) The International Institute of Knowledge Management (TIIKM) is an entity that facilitates the purpose of knowledge transfer by constructing the career of the research fraternity, empowering decision-making in the corporate sector and promoting on quality decisions for policy-makers through academic Conferences.

All India Plastic Manufacture's Association The All India Plastics Manufacturers' Association – popularly known as AIPMA – Was founded by Industry visionaries 73 years ago making it the old & the largest Apex Body of the Plastic Industry in India, which has expanded and progressed by leaps and bounds in all fields of Plastics having Head Office in most prestigious, centrally located commercial localities in Mumbai, and Regional Offices in Delhi, Chennai and Kolkata.

MSME Chamber of Commerce and Industry of India MSMECCII Chamber is having all relevant members globally in various fields to guide the Chamber for grow fast. Our Chamber is a form of Global business network and local organisations of businesses whose goal is to further the interests of businesses.

MSMECCII is having eminent advisory board members from the various industries including Padma Shri & Padma Bhushan dignitaries also for helping the organization for the awareness of various important industry & social issues and exchange of Global current knowledge and development.

Global India Business Forum THE BUSINESS TYCOONS ACTIONS DELIVER RESULTS e- Magazine : Up to date business news and inspiring stories www.GIBF.biz | www.TheBusinessTycoons.com

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Global India Business Forum Presents

NATIONAL AWARDS 2020 For BUSINESS EXCELLENCE COMING SOON Venue : Constitution Club of India, Speaker Hall, RaďŹ Marg, New Delhi - 110001

With Regards Dr. Jitendra Joshi (Global President - GIBF)

+91 8530556006 / +91 8530246006

HONORARY MEMBERS Mr. Vitthal Kamat Global India Business Forum (GIBF) is pleased to inform you all that Mr. Vitthal Kamat, Chairman of Kamat group of hotels, accepted the Honorary Membership of GIBF. Dr. Jitendra Joshi honoured Mr. Vitthal Kamat with the momento of GIBF in Delhi.

He worked as a chef in a restaurant in London and learnt the hotel business skills there. After returning to India, he started with the basic principles of green development, and opened India's first Ecotel hotel "The Orchid". He is a visiting faculty at IIM Ahmedabad, BITS Pilani and many other management institutes in India and abroad. In 1984 Kamat bought a four star hotel 'Airport Plaza' and changed its name to ‘Kamat Plaza’.

Global India Business Forum (GIBF) is pleased to inform you all that Mr.

Mr. Vijay Bhatkar

Vijay Bhatkar, Chancellor of Nalanda University, accepted the Honorary Membership of GIBF. Dr. Jitendra Joshi honoured Mr. Vijay Bhatkar with the momento of GIBF in Delhi.

Dr. Vijay Bhatkar is presently the Chairman of the Oversight Committee, Science and Engineering Research Board (SERB) as well as Chairman of Unnat Bharat Abhiyan of linking India's leading Universities and institutions to 6.4 lakh villages for their integrated development through scientific and technological interventions along with cultural and spiritual awakenings, Founder, Chancellor and Chief Mentor of Multiversity, Chancellor of D. Y. Patil University and National President of Vijnana Bharati. Dr. Bhatkar did his Ph.D. in Engineering from IIT Delhi in 1972.

Mr. Mahashay Dharmpal Gulati Global India Business Forum (GIBF) is pleased to inform you all that Mr. Mahashay Dharmpal Gulati, Founder of MDH Spices accepted the Honorary Membership of GIBF. Dr. Jitendra Joshi honoured Mr. Mahashay Chuni Lal with a momento of GIBF in Delhi.

In 1959, he set up his first spice factory at Kirti Nagar in Delhi.

Gradually, MDH (Mahashian Di Hatti Private Limited) emerged as one of the biggest brands in the category of spices in India and abroad.

His spice market has been spread in more than 100 countries across the globe.

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Avnish Kumar some of his colleagues who carried equally esteemed amount of experience. One of his colleagues was Mr. Ajatashatru Singh, who is the cofounder of LivNSense comes with product development experience from Bosch and Huawei while his other colleague was Ms. Priyanka Kumar who is now the co-founder and Director of LivNSense. Later on Mr. Rajan Bhatnagar joined this team to lead the business globally, who is an IIT Roorkee alumni and comes with 25+ years' experience in leading successful start-ups and IT companies in past. The company has successfully completed 2.5 years in the IT industry and already making a name for itself among established companies. The company has also grown in size since its inception, thanks to the constant innovation that the company brings in, something that Mr. Kumar deeply believes to be the mantra of their success.

Founder & CEO of LivNSense

Mr. Avnish Kumar, Founder and CEO of LivNSense Technologies Pvt. Ltd., has a proven and astounding experience of 25+ years in the Engineering and Information Technology (IT) industry. Being an alumnus of NIT-Durgapur and MBA from University of Melbourne itself speaks volumes about his expertise and knowledge in the world of Artificial Intelligence (AI) and Internet of Things (IoT).

LivNSense is a pioneering industrial IoT & AI platform led venture that primarily serves the manufacturing industry. The R&D office is headquartered in Bangalore, India and sales headquarters in USA. Within just two years, LivNSense has acquired a great Fortune 500 customer base. It has come up with different businesses in different areas; some of these companies are WELDSENSE, Furnace4.0 and ViCAS enabled by iSense4i™ (An Industrial AI Platform).

Mr. Kumar kickstarted his career by being a part of the R&D team in the Telecommunication Industry and had been with Motorola, before moving on to Infosys. After working for Infosys for some time, he switched over to Wipro Technologies, where he worked for 13 years. It is here that Mr. Kumar found his true calling and started his journey in the fields of AI and IoT. To explore these fields more, he started creating connected devices in the year 2010 in association with leading ISV and Semicon companies and thus went on to develop one of leading connected TV products for global markets. The connected Devices business touched upon the Consumer & Intuitive Experiences and leveraged the Internet of Devices ecosystem.

He then leveraged this experience to build Connected Engineering Practices at some of the leading IT companies including emerging IT companies like Incedo Inc. However, while working with these companies, Mr. Kumar felt that something was missing. Hence, to fill this glaring gap, he decided to start a company along with 10

Mr. Kumar started LivNSense with the vision of “making machines act like human beings”. He saw a huge gap between the manufacturing and IT sectors and realised that introducing IoT in the manufacturing sector would be a very cost-effective way to conduct manufacturing processes. He is also on the mission to not only introduce AI into the manufacturing industry, but to also bring in safety measures while introducing it as human safety is of paramount importance and that is what sets LivNSense apart from its competitors. He wants to make machines and humans work in harmony.

LivNSense offers an “Out of the Box” Digital Twin platform, iSense4i™ that converts continuous process industry with standard electronic systems, into a Cognitive Living Equipment, thereby significantly lowering the cost of operations and reducing the carbon footprint LivNSense recently launched Cognitive Furnace 4.0 platform helps Chemical companies with overall plant efficiency improvement, fur naces yield and energy optimization with safety as key feature.

If there is one aspect of LivNSense that also acts as its USP, then that is bringing in customised and highly innovative solutions to its customers' problems. Also, before these solutions are implemented, aspects like challenges faced by manufacturing plants and the company's regulatory compliance policies are taken into consideration and only then are solutions developed and implemented. And these solutions are not 'onetime-wonder' ones but are long term in nature.

The key challenge for Mr. Kumar, while taking the bold step of merging IoT with manufacturing sector, was to arrive at a common understanding of processes of different companies and then coming up with a solution. It was important to first understand a company's manufacturing processes thoroughly. Once that was understood, then the next step was to find technology gaps in an already established set of processes and to fill those gaps, one process at a time. The most important resistance that Mr. Kumar faced initially was from people as it was not easy for them to bring a change to their processes overnight. However, with time, he overcame these challenges and his success says it all.

When it comes to facing challenges during the COVID-19 pandemic, Mr. Kumar admits that they are facing challenges as a start-up as they are yet to rope in big customers, so survival becomes paramount. The pandemic has also affected their revenues and investment opportunities. However, there is a silver lining for them as LivNSense is generating revenues from manufacturing customers in Chemical, Pharmaceutical and Healthcare sectors. The launch of CoVIPS™, an Covid19 Vision based Predictive Safety Platform, for effective pandemic management for industries is helping in addressing its customers immediate challenges with factories re-opening. They have also started collaborating with different academic institutions to take their business forward with focus on innovation in Manufacturing AI. Now being Wipro alumni, you also carry the values that you learn from the prestigious company and Mr. Kumar is no exception as he idolises Mr. Azim Premji and believes in doing honest business and treating his employees and customers with equal dignity and respect. LivNSense deeply believes in having an employee-friendly culture; he aims to create a 'people company'. If there is one mantra that Mr. Kumar swears by personally and professionally, it is to give importance to human relationships. This is because, it is an employee who can make or break a company and if the company treats its employees well, then the employee will also treat the company well.

While the Japanese market is his favourite market given the high importance, Japanese citizens give to human relationships, for now his plans of expanding his business include entering markets like the USA, the Middle East, the UK and Australia.

“We are targeting to clock $100 Mn in revenue by 2025,” says Avnish Kumar. Below is one such credentials from their leading customer/partner, “LivNSense has been our innovation partner for digital factory initiatives since pasty one year. This encompass a strong domain led team in IIoT with a deep understanding of Industry4.0 concepts, quick adoption across buisness use cases from sensor to cloud and are able to bring out innovative IoT solutions which are reliable and secured to help our customers improve machine utilization, efficiency, operator productivity, safety and predictive maintenance. We at Leadec Industrial Services are happy to embark on a digital journey with LivNSense to offer value added solutions to our customers.” Opines Sudhir Gurtoo, Managing Director at Leadec India.

Mr. Kumar signs off with a strong message to the budding entrepreneurs: never stop believing in yourself and your dreams and never look back once you have started walking on the path towards your dream.

He also believes in leading a disciplined and simple life as it helps him become a better person as well as a better businessman too. He tries to keep up with his daily routine of morning jogs, practicing yoga and meditation and detoxing from the digital world as much as possible.

Another important ideology that he ardently follows has a lot to do with him being an avid reader of the Holy Bhagavad Gita. One of the most important lessons that he learnt while reading the holy text was that while it is important to be business-minded, you must also have humanity and compassion alive within you.

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IMPROVING COMPETITIVE EDGE IN CONSTRUCTION INDUSTRY - 7 C'S APPROACH - BY NITIN ATHAVALE (HEAD SCM RACHANA LIFE SPACES)

BY NITIN ATHAVALE

Today's business type: Covid 19 has changed the world economics to a large extent. The biggest job creator industry itself faced the challenge of acute shortage of labor for the first time in history. Immediately after the lockdown was declared, all the site activities have come to a grinding halt. This includes government as well as private projects. Ø An analysis made by KPMG has estimated loss due to corona virus to the tune of Rs 30 thousand crore per day. Ø This pandemic has led to curtail down the investment in construction industry by 20-25% approximately. Ø The loss is not just restricted to the Construction industry, but also to the entire economy as well. Ø As per Economic Times, the construction industry alone employs 12% out of the total working population. Ø CREDAI has indicated in May the estimated loss would be around 1Lakh Crore.

Apart of economic losses like disinvestment, unemployment, pay cuts, the industry has to also overcome few major challenges like loss of business opportunity, high level of uncertainty, dismal business, sudden change in priorities of the customers, etc.

The real pain: The workers who migrated from the cities to their home towns suffered a lot during this pandemic phase. Lakhs of workers left the cities & migrated to their respective villages also suffered during the journey.

Projects which are under development have been badly hit with a projection of further delay of four to six months for completion. Here it becomes more important to understand that every delayed day is going to add up additional interest cost on working capital loans taken. This anyhow will be borne by the contractor or developer himself. Revised operating norms, safety measures, social distancing, demand for specialized equipment and specialized materials all adding further add as disruptions to the supply chain in this industry. On the back drop of reverse migration skilled workers available at work places or sites may demand at wage rise by 20 to 25 percent, which itself will again be monetary burden on account of developer. The material supplies have either stopped or getting delayed due non availability of transport vehicles or shortfall of drivers. The contractors are continuously facing the challenge of mobilizing the resources. The work force, plant & machinery, and the systems are idle which in turn is adding to the losses. The sales and sales revenue has been a major hit dropping it to more than 40% to 42%. The outstanding payment got defaulted on and such numbers got increased and widespread, resulting many construction companies are 13

The strategy to quickly recover from the present crises and perform outstandingly and prove ourselves to be more competitive will only help us to survive in the future adapting 7C's I.

Categorical—be completely clear and direct in communication with your suppliers. Be open and frank in your thoughts and explain the present liquidity crises like situation to the supplier and find out a solution which will be acceptable to both of you.

II.

Capitulate—We as a channel partner need to give back to the society by providing employment, business, opportunities, and money into the economy.

III. Captivate—we need to now attract and at the same time hold the interest of the stake holders in the entire construction eco system.

IV. Cautious—Follow all the new regulations laid by the government w.r.t. safety norms.

V.

Cerebrate—Think and define your future actions with new norms, new technology, new work standards, new specifications for raw materials, construction, and processes as well.

VI. Comprehensive approach—work by including all or nearby all for business growth. Include all the individuals involved in the industry, company, organization for better positive engagement & effective performances of the available resources.

VII. Cynosure—create your own identity, try to have some USP, and be noteworthy for others by setting up new normal or new success model. When all other market players are finding it difficult to withstand and sustain during this locked down period, we need to recover fast and create our unique place and stand firm in the competitive world. For ex you can make the payment to the suppliers during the locked down, or ensure to make payments to the employees in time. These few things will spread a positive signal to all stakeholders and will help you get your own USP.

Simple ways of improving upon competitive edge – navigating in the present crises and surviving to thrive the new normal I propose following simple ways to be on competitive edge

management, real time tracking, as well monitoring the site progress.

Procurement teams can now order construction materials online & can manage critical resources more accurately.

Engaging Work force

Focus on long lead inventories and alternative suppliers: Companies now need to think about developing alternative supplier's keeping view of availability of raw materials both from containment & non containment zones respectively.

- The construction companies now quickly need to absorb the work force and provide better, safe, and secured work place.

- Fair payment and dues: ensure the dues are paid quickly after the work resumes.

Invest in automation: many players are investing in automation of onsite and back office processes Accelerate gradually towards thinking or using prefabricated subassemblies in place of fabrication process considering the speedy execution of the projects and shortage of manpower.

- Prompt payment to labor contractors Provide proper shelter

Designers now to plan and developers need to construct healthy lifestyle homes focusing more upon scope for customization at the buyer s end.

-Now construction industry needs to provide proper shelter to the labor in their premises, which will ensure uninterrupted work flow even during the pandemic like situation in future.

Create a return business plan quickly and act upon.

-On site medical aid, making available potable drinking water, electricity, supply of free/subsidized groceries, making available other few basic necessities, will keep the workers bonded with the organization for a longer time.

Think of new normal, draft in detail and execute it as quick as possible.

Attract property buyers and try to convert every lead into actual sales and earn profit.

-Imparting safety training at work place, practicing yoga and exercise at site, educating healthy habits, will help to develop a feeling of moral bonding and strengthen the company-workforce relationship.

Ensure to lease out properties with better commercial terms and prosper the business.

Increase the work force Try to increase the manpower shortfall if any to cover up and speed up the project execution work at sites considering site progress.

By implementing the above measure the organizations, construction industry and economy of the country as well start rolling in the revival stage and gradually will lead INDIA to become one of the strongest economies of the world in future.

Reallocate the employees from those sites which have not yet started or temporarily postponed for execution.

Payment to the supplier's: Try to make the old outstanding payment to all the creditors. Make and ensure to pay them may be partially but in time. This will result into boosting confidence & positivity in the market.

Sign up for new capital & infra projects, enabling picking up some momentum in the economy.

Do not much depend upon relief packages as the industry is still not clear about? Property developers and consultants still feel that this loss could still be minimized by announcing a relief package.

Increase digitization: Make use of digital tools like Building information Module, 3D,4D,5D simulation to re plan the projects resulting rescheduling of the projects, use of Integrated digital twin solutions which helps to monitor the projects right from the conception stage to the final completion stage.

WFH: Developers, architect's, consultants, bankers, legal liasoning teams, supply chain professionals are adapting new hardware's, and new online channels, various apps ensuring real work flow 14

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SECTOR REVIEW - PETROLEUM INDUSTRY

Modern history Imperial Russia produced 3,500 tons of oil in 1825 and doubled its output by mid-century. After oil drilling began in what is now Azerbaijan in 1846 in Baku, two large pipelines were built in the Russian Empire: the 833 km long pipeline to transport oil from the Caspian to the Black Sea port of Batum (Baku-Batum pipeline), completed in 1906, and the 162 km long pipeline to carry oil from Chechnya to the Caspian.

The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transporting (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum (oil) is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The extreme monetary value of oil and its products has led to it being known as "black gold". The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream deals with Drilling and Production mainly.

Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the world's energy consumption, ranging from a low of 32% for Europe and Asia, to a high of 53% for the Middle East.

Other geographic regions' consumption patterns are as follows: South and Central America (44%), Africa (41%), and North America (40%). The world consumes 30 billion barrels (4.8 km³) of oil per year, with developed nations being the largest consumers. The United States consumed 25% of the oil produced in 2007. The production, distribution, refining, and retailing of petroleum taken as a whole represents the world's largest industry in terms of dollar value.

Prehistory Petroleum is a naturally occurring liquid found in rock formations. It consists of a complex mixture of hydrocarbons of various molecular weights, plus other organic compounds. It is generally accepted that oil is formed mostly from the carbon rich remains of ancient plankton after exposure to heat and pressure in Earth's crust over hundreds of millions of years. Over time, the decayed residue was covered by layers of mud and silt, sinking further down into Earth's crust and preserved there between hot and pressured layers, gradually transforming into oil reservoirs.

Early history Petroleum in an unrefined state has been utilized by humans for over 5000 years. Oil in general has been used since early human history to keep fires ablaze and in warfare.

Its importance to the world economy however, evolved slowly, with whale oil being used for lighting in the 19th century and wood and coal used for heating and cooking well into the 20th century. Even though the Industrial Revolution generated an increasing need for energy, this was initially met mainly by coal, and from other sources including whale oil. However, when it was discovered that kerosene could be extracted from crude oil and used as a lighting and heating fuel, the demand for petroleum increased greatly, and by the early twentieth century had become the most valuable commodity traded on world 16

At the turn of the 20th century, Imperial Russia's output of oil, almost entirely from the Apsheron Peninsula, accounted for half of the world's production and dominated international markets. Nearly 200 small refineries operated in the suburbs of Baku by 1884. As a side effect of these early developments, the Apsheron Peninsula emerged as the world's "oldest legacy of oil pollution and environmental negligence". In 1846, Baku (Bibi-Heybat settlement) became the first ever well drilled with percussion tools to a depth of 21 meters for oil exploration. In 1878, Ludvig Nobel and his Branobel company "revolutionized oil transport" by commissioning the first oil tanker and launching it on the Caspian Sea. In the early 1930s the Texas Company developed the first mobile steel barges for drilling in the brackish coastal areas of the Gulf of Mexico. In 1937 Pure Oil Company (now part of Chevron Corporation) and its partner Superior Oil Company (now part of ExxonMobil Corporation) used a fixed platform to develop a field in 14 feet (4.3 m) of water, one mile (1.6 km) offshore of Calcasieu Parish, Louisiana. In early 1947 Superior Oil erected a drilling/production oil platform in 20 ft (6.1 m) of water some 18 miles off Vermilion Parish, Louisiana. It was Kerr-McGee Oil Industries, as operator for partners Phillips Petroleum (ConocoPhillips) and Stanolind Oil & Gas (BP), that completed its historic Ship Shoal Block 32 well in November 1947, months before Superior actually drilled a discovery from their Vermilion platform farther offshore. In any case, that made Kerr-McGee's Gulf of Mexico well, Kermac No. 16, the first oil discovery drilled out of sight of land.

With the advent of hydraulic fracturing and other horizontal drilling techniques, shale play has seen an enormous uptick in production. Areas such as the Permian Basin and EagleFord shales are now huge hotbeds of production for the largest oil corporations in the United States.

The Opportunity – Long-Term Returns To All Stakeholders Oil and natural gas have been utilised by humankind for

Lower Tertiary of the United States' Gulf of Mexico and the pre-

thousands of years. Industrial-scale exploitation of these

salt layers of the Santos and Campos basins offshore Brazil.

resources is considered to have started in Pennsylvania about

Dialogue, co-operation and level ground competition: One

150 years ago. It is impossible to predict how long the petroleum

peculiarity of the petroleum industry is that very often bitter

age will last, but the projections above clearly indicate that for

competitors in one area establish partnerships and co-operate in

next several decades fossil fuels will continue as the main

other ventures. A clear trend of increasing dialogue has been

source of energy for the world development.

established between consumers and producers (OPEC and IEA,

If the challenges are huge, so are the opportunities that lie ahead.

for example), business areas (producers, refiners and

Very few industrial activities have the breadth of opportunities

automobile industry), and corporate organisations (international

that the petroleum sector offers to develop and deploy new

oil companies and national oil companies, majors and

technologies, promote development and wellbeing, and

independent oil companies). It is important that this dialogue be

remunerate huge sums of capital, all of these at the same time

kept at all levels, so that regulators establish fair and balanced

and sustainably in the short and long term. The list of ingredients

terms under which companies may compete in level ground

for the continuing success of the petroleum industry is not long

conditions, earn the right to exploit natural resources, generate

and is fairly obvious.

profits for their shareholders and return a fair share of the wealth to local societies.

People, innovation and technology: The combination of skilled human resources, innovative thinking and new technologies has been and will continue to be the key factor in finding and developing new sources of hydrocarbons in the most challenging environments. It is for this reason that time and again ingenuity unlocks enormous new pools of resources that were unknown or not viable even in well-explored provinces.

Recent examples are the huge shale gas resources being developed in North America and now being target around the world, and the vast amounts of oil discovered only in the last 10 years, in spite of over 50 years of exploration activity, in the

Global India Business Forum THE BUSINESS TYCOONS ACTIONS DELIVER RESULTS e- Magazine : Up to date business news and inspiring stories www.GIBF.biz | www.TheBusinessTycoons.com

17

TOP 5 OIL & GAS COMPANIES OF INDIA Bharat Petroleum Corporation Ltd (BPCL) Bharat Petroleum Corporation Limited (BPCL) is an Indian statecontrolled oil and gas company headquartered in Mumbai, Maharashtra. The Corporation operates two large reďŹ neries of the country located at Mumbai and Kochi. Its product range includes Petroleum, Natural Gas and other Petrochemicals. It is one of top oil and gas companies in India.

Castrol India Ltd Castrol India Limited is an automotive and industrial lubricant manufacturing company. Castrol India is the largest manufacturer of automotive and industrial lubricants in the Indian lubricant market and owns around 48 market share in the overall Indian lubricant market. Castrol is offering wide range of products which are as follows-

Chennai Petroleum Corporation Ltd Chennai Petroleum Corporation Limited (CPCL) a Group company of Indian Oil Corporation (IOCL) is an Indian stateowned oil and gas corporation headquartered in Chennai, India. The company was founded in the year 1965. It is offering wide range of products including Diesel, Kerosene, LPG, Petrochemicals and Petrol. It is one of the top 10 oil and gas companies in India.

Gail India Ltd Gail (India) Limited (GAIL) (formerly known as Gas Authority of India Limited) is the largest state-owned natural gas processing and distribution company in India. It is headquartered in New Delhi. It has the following business segments: natural gas, liquid hydrocarbon, liqueďŹ ed petroleum gas transmission, petrochemical, city gas distribution, exploration and production, GAILTEL and electricity generation.

Hindustan Petroleum Corporation Ltd (HPCL) Hindustan Petroleum Corporation Limited (HPCL) was founded in the year 1974. It is headquartered in Mumbai Maharashtra. Its product range includes oil, natural gas, petroleum, lubricant, petrochemical etc.

Indian Oil Corporation Indian Oil Corporation was founded in the year 1959. It is headquartered in New Delhi, India. It is offering a range of products fuels, lubricants, petrochemicals. It is India's largest commercial enterprise. With subsidiaries in Sri Lanka, Mauritius and the UAE, Indian Oil is scouting for new business opportunities in the energy markets across Asia and Africa.

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Behzad Soltani ,

He researched and realized that Iran has an excellent agricultural produce. So, he eventually bought his own products and sold them in other parts of the country. He bought commodi es like lemons, oranges and dates and took them to other parts of the country. Within no me, Mr. Soltani's business was booming. traders and companies While Mr. Soltani was doing well in the domes c market, he wanted to go global. He received his Bachelors in Business Administra on degree and decided to expand his business globally. Therefore, he obtained export and import license. A er that, he started expor ng his products to other countries under the brand name “Jahrom Diamond, Almas Jahrom“.

He set up a factory, bought a garden, and he now produces his own agricultural products. He also buys saffron, dates, figs and other products from farmers and exports them to countries over the world. It's been two years since his company has started it's already been recognized as one of the largest exporters of pistachios in Middle East.

His company produces fruits, dates, pistachios, figs, saffron and almonds. His company imports agricultural fer lizers and automobiles.

According to Mr. Soltani, the food industry business is one of the best in the world because there is always a customer for this business.

He recently completed his Master's in Business Administra on.

He puts a posi ve angle to all of his experiences with failure and calls them an important lesson. He also states that there will be a lot of disappointments in life, but one must never get bogged down by them; that is the key to victory.

Mr. Soltani claims to be very strict in choosing a product because he believes in providing the best quality products to his customers.

His brand name "Jahrom Diamond" translates into his products being of the highest quality possible.

One of the most important problems Mr. Soltani faces is the US sanc ons against Iran.

The Corona pandemic has also caused his company to restrict interna onal trade.

Regarding his expansion plans, Mr. Soltani said that since Iran's banks are under US sanc ons and cannot transfer money, his company would like to exchange goods for goods.

When it comes to success mantras to be followed in life, he has only one mantra that he follows to the tee: Always stay op mis c and never stop trying to succeed.

When asked about how he maintains a work-life balance, Mr. Soltani says that it's important to work hard to achieve your goals and then only think about ge ng married.

Mr. Soltani strongly believes that we as humans must help build a peaceful society. All human beings should have food, houses, clothes, money, comfort and peace of mind, because all humans have the right to live with dignity and respect.

As a member of the GIBF, Mr. Soltani considers it as his duty to work for the expansion of global trade and economic development. He also hopes that Coronavirus will be eradicated soon and that global trade returns to normalcy..

Founder of Jahrom Diamond

Mr. Behzad Soltani is an entrepreneur from Iran who is crea ng waves in the business world with his debut venture “Jahrom Diamond”. Talking about his life, Mr. Soltani recalled his childhood days and the difficul es that came in his life, growing up in a war-torn country like Iran.

Mr. Soltani's father was a carpet merchant and carpet is one of the most sought a er handicra s in Iran and is a luxury for most people. His father exported carpets all over the world.

The family's financial situa on was very good un l his father went bankrupt and this resulted in a major setback for the family's financial posi on.

Mr. Soltani learnt to mul task at an early age as he went to school and worked to create a be er future for his family. He went to school from morning to noon, and then worked in fruit shops in the evenings.

Mr. Soltani eventually joined the army at the age of 15. He was very young, but because he was skilled in computer systems and cyber encryp on, he signed a 5-year contract with them and worked in support and ICT. Mr. Soltani was fired 3 years later for special reasons. He had disobeyed orders. He went to university and took the entrance exam.

He was then accepted for an MBA program.

He started off with business plan shopping malls and sold them to capitalists. But, the economic situa on of the country worsened and no one was willing to invest in such projects. At 19 years, Mr. Soltani realized that many neighbouring countries were facing power shortages, so he researched on the ma er and found that Iran's condi ons were the best for building solar power plants but this failed too.

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20

Mayoro Ndao

Aboboyaya Kokouvi, CEO of ABAC SARL Mr. Aboboyaya Kokouvi is the CEO of his company ABAC SARL. He is also a sociologist and a former employee of Plan International Togo. His company ABAC SARL was established in 2017 by bringing different producers together to establish a producer base. The company was incorporated in 2018 and also signed its first contract with a French company called SOYCAIN. ABAC SARL stands for Africa Bio Agricultural Company. The company mainly exports organic soybeans, cashews, sesame, Shea and other tropical products. ABAC SARL aims to establish fair trade between the company and the producers for overall innovation.

Mayoro Ndao is a young entrepreneur and businessman and a Senegalese specialist in the field of transport, equipment logistics and distribution. He also works in the field of communication and events.

He started his entrepreneurship at the age of 21 when he was in university pursuing higher studies. He had a lifelong dream of being a free and independent man. When he first started out with his first venture he had just 150 Euros. Cut to today, he now owns two companies which are Lamp Companies, which deals with logistics, transport, equipment and distribution and Belcom International which is primarily into communication and event management.

The company's main USP is that they provide clean and high quality products which will create a monopoly position for them in the market. Talking about the challenges faced while setting up the company. Mr. Aboboyaya said that the beginnings were not easy as he faced two successive failures which almost sank the company.

In the beginning, it was very hard to start his own business due to lack of means to do so. Coming from a poor family he worked for another company to earn enough money to finance his business project.

Today he has not only made a name for himself but his venture is quite prominent in the sub-region.

He works day and night in order to gain the trust of my clients. And that has truly paid off as he now has partners all over the world. He has got to work with companies known worldwide on certain projects in Senegal.

The company says that it is always in search of clients to create a sustainable partnership. They also plan to explore the American and Asian markets sometime in the future.

Talking about life philosophies that he personally follows in life, he says that work is the only liberator and it is also the only door to achieving financial freedom, so his only message to everyone is to work hard and always try again when they fall.

His only philosophy in life is to work, work and work! He is primarily focused on his professional life, and he wants to take advantage of his determination to make it big to earn his living with dignity, because he dreams of becoming the most trusted brand in his country. He has a small family of two children and loves to spend his weekends with them. His hobbies include playing sports, with his favourite form of sports being gymnastics.

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TOP MERGERS & ACQUISITIONS

DENA BANK, VIJAYA BANK MERGES WITH BANK OF BARODA In terms of the number of branches, Bank of Baroda ranks second in India across all banks. The merged entity has nearly 9,500 branches as Dena Bank and Vijaya Bank will help BoB increase its reach in the western, southern and north-eastern regions. However, to achieve economies of scale and remove overlapping, it is expected that some branches of either of the banks will be shut down.

The new Bank of Baroda is expected to create a globally competitive Bank by taking the advantages of economies of scale, synergies for the network, low-cost deposits and subsidiaries. It is also expected to improve customer base, market reach, operational efficiency and the capability to offer a wider bouquet of products and services for customers.

BHARTI INFRATEL MERGER WITH INDUS TOWERS The merger is dependent on the Supreme Court's final views in the adjusted gross revenue (AGR) case. If the top court doesn't allow telcos, including Vodafone Idea, to spread the payment over several years, the Indo-UK telecom JV is likely to shut shop, which will in effect kill the deal. This, since Infratel and Indus both count Vodafone Idea as their major customer, and the telco's closure will deal a huge blow to both tower companies, severely denting valuations, say market experts.

In fact, Bharti Infratel had deferred its June 11 board meeting that was scheduled to take a final call on its big-ticket merger with Indus Towers, which would form among the world's largest telecom tower companies. The deal, once closed, may net some Rs 4,500 crore to Vodafone Idea if it decides to sell its 7% stake in the merged entity, instead of retaining its holdings.

MAX COMPLETES HEALTHCARE MERGER WITH RADIANT LIFE Max India on Monday said it has completed spinning off its hospital assets under Max Healthcare and all its residual businesses under Advaita Allied Health Services, along with merger of healthcare business of Radiant Life Care with Max Healthcare.

The process is in line with a composite merger scheme approved by the National Company Law Tribunal (NCLT), the company said in a BSE filing.

The combination of Radiant and Max Healthcare, called Max Health Institute (MHIL), will be the second-largest hospital network in the country by revenue and one of the top three chains in terms of bed capacity, the company said.

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AMAZON TO ACQUIRE AUTONOMOUS DRIVING STARTUP ZOOX FOR £1.2 BILLION Amazon announced that it is acquiring the self-driving vehicle company Zoox for a reported $1.2 billion in June.

Amazon has shown a keen interest in the self-driving car space for some time now, taking stakes in the electric truckmaker Rivian and self-driving start-up Aurora.

Zoox CEO, Aicha Evans and his cofounder Jesse Levinson will continue to lead Zoox as “a standalone business” within Amazon.

The Zoox acquisition is specifically aimed at helping the startup “bring their vision of autonomous ride-hailing to reality,” according to Amazon, so this doesn’t look to be immediately focused on Amazon’s logistics operations for package delivery. But Zoox’s ground-up technology, which includes developing zero-emission vehicles built specifically for autonomous use, could easily translate to that side of Amazon’s operations.

MICROSOFT ACQUIRES CYBERX Microsoft aquires to Israeli IoT security specialists CyberX in June for an undisclosed amount. Microsoft will incorporate CyberX technology and talent into its cloud Azure unit, where it already offers the Azure IoT stack, Azure Security Center for IoT and Azure Sentinel. The CyberX team will now report in to fellow Israeli Yuval Eldar, Microsoft GM of IoT Security.

Today we are excited to share that Microsoft is acquiring CyberX to help solve these challenges. CyberX will complement the existing Azure IoT security capabilities, and extends to existing devices including those used in industrial IoT, Operational Technology and infrastructure scenarios. With CyberX, customers can discover their existing IoT assets, and both manage and improve the security posture of those devices.

VMWARE ANNOUNCES INTENT TO ACQUIRE OCTARINE The virtualisation specialist VMware announced its intention to acquire Octarine for an undisclosed amount in May. The California-based startup specialises in securing applications running on the popular open source Kubernetes container orchestration platform. VMware will immediately fold the Ocatrine team and technology into its cybersecurity unit Carbon Black, which it acquired last year for $2.1 billion.

Acquiring Octarine enables us to advance intrinsic security for containers (and Kubernetes environments), by embedding the Octarine technology into the VMware Carbon Black Cloud, and via deep hooks and integrations with the VMware Tanzu platform. Combined with native integrations with VMware vSphere, VMware NSX and VMware Cloud Foundation, we're creating a unique and compelling solution to better secure workloads. And, with the addition of our VMware AppDefense capabilities merged into the platform.

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24

Kareem Lateef Babatunde ,

of Documentation Department of the organization before he resigned and started his own organization in 2012.

Founder of First Expert Logistics Limited

The USP of his company is briefly described below:

Mr. Kareem Lateef Babatunde dreamt of becoming an entrepreneur since his high school days. After completing his high school education, Mr. Kareem decided to work for some time before opting for higher studies. His uncle, who was into logistics, introduced me to the Logistics business. Mr. Kareem was greatly inspired by his uncle's 'get-it-done' attitude because logistics has a lot to do with a person's state of mind and coming up with a strategy for being proactive and innovative at all times.

·

Quick and speedy dispatch treatment of client request

·

Security of client shipment against theft, damage and misplacement

·

Best warehousing facilities

·

Best competitive quotation.The main principles that Mr. Kareem deeply believes in, which also in turn, set his business apart, are integrity, safety and discipline.

However, unstable economy conditions, financial stability and equipment challenges are some of the serious challenges that his business faces quite often.

As far as his vision to expand his business goes, Mr. Kareem wishes to expand his company's scope to other countries around the globe. The company is also into other sectors like mining, real estate, oil and gas industry, telecommunication and agriculture.

After working under his uncle as an apprentice for over a decade, Mr. Kareem decided to establish his own company named “First Expert Logistics Limited”. The company was incorporated on December 5, 2012 under Corporate Affairs Commission, Nigeria.

Mr. Kareem deeply believes in the welfare and empowerment of his employees and hence has adopted a staff empowerment culture. His company believes in the fact that all employees are part of a team. As long as they get the job done efficiently, it will benefit the organization as a whole and keep things running smoothly. Their work philosophy is to complete small tasks which are an inseparable part of a larger goal.

First Expert Logistics offers an array of services like: ·

Door-to-door shipment delivery

·

Air and sea freight

·

Customs breakage

·

Haulage

·

Relocations and representative.

Mr. Kareem deeply supports the idea of having certain success mantras as these help any businessman sail smoothly through certain difficult times. Some of these mantras that Mr. Kareem himself follows and is also an integral part of his business are: · · · ·

The company's vision is to become a leading and monopoly player in the logistics and supply chain industry in Nigeria, Africa and around the world.

Do it in your own way Build a strong brand Be lean and mean Be flexible and adaptable

When it comes to maintaining a work-life balance, Mr. Kareem tries to maintain both his work and family life while hoping for minimum friction between the two. To achieve this, he maintains and pursues a lot of hobbies like reading, driving, playing golf and swimming.

While their mission is to be a role model in the area of providing unique, excellent and quality services that satisfy their clients at all times, abiding by ethical and professional standards to help First Expert Logistics Limited become a global symbol.

Every businessman, whether an established one or a novice in the field, goes by certain personal ideologies that not only help him as a person, but also as a businessman, and Mr. Kareem is no exception in this case. Some of his personal ideologies are listed below:

Kareem Lateef Babatunde is a Nigerian citizen from Egbado north local Government of Ogun State, Nigeria. He was born on June 13, 1979 in Ikeja local government Lagos. He attended the district primary school Agege and then he went to St. Joseph Secondary School, Agege. He did his higher education from University of Lagos where he completed his BSc in Public Administration.

His logistics career started with an organization called Confidence Cargo Limited in Lagos, Nigeria, where he was employed as an office clerk in the year 2000. And from there, he rose to the position of Head 25

·

When the going is tough, only the tough get going.

·

Never say ever.

·

Live and let live.

·

We rise by lifting others

·

Don't look back you're not going that way.

·

Keep moving there's always light at the end of the tunnel.

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Okante D. Parbey ,

Mr. Okante's company intends to offer their products and services under the Yalen label. They will also provide their partners with: - Meat from chickens, rabbits and other fresh products and vegetables with this brand.

- Connection and assistance to poultry farmers and agropastoral markets - Distribution of fresh products to individuals and supermarkets Mr. Okante D. Parbey is an accounts manager of Ivorian nationality.

He started his career in the associative field as an administrative manager of an NGO in 2011, then he became the manager of a company from 2013-2016. The year 2016 saw him use all his experiences in the poultry sector to become the packaging center manager and operations manager thereafter. In 2018, he decided to start his own business with his own means. In addition to the establishment of Yalen Multiservices, he is also preparing for his master's degree in Agronomy in the years to come.

The company's USP is: - It is a local business - Prices are affordable and reasonable - Services are aimed at all social strata - Products are naturally organic Yalen Enterprises specializes in the production and distribution of agro-pastoral products and training and development of incomegenerating activities through the services it offers.

When it comes to challenges, the company is facing many. These challenges are in terms of finance, infrastructure, equipment and logistics. And with regards to expansion, he would benefit over the next 3 years from an investment that could help him set up an agropastoral farm of 200,000 layers with 7 hectares of land which will be used for gardening. Then he would go on to open a large supermarket of organic and fresh food products in Côte d'Ivoire, West Africa supported by an e-commerce site for remote deliveries.

Mr. Okante's philosophy and culture in relation to work is summed up in the fact of proceeding with instructions instead of orders, because orders are imposed, but instructions allow the people he works with to love what they do. He also follows a three-step success mantra which is: Reflection - Action – Result.

He manages his work-life balance through deep meditation and reading the Holy Scriptures and spending time with his family and acquaintances. He spends more time learning from others and approaches life without prejudice. Mr. Okante is active in law associations and collective interest groups. Life beyond business includes supporting community actions, supporting widows and orphans including out-of-school children, sports and music.

Mr. Okante deeply believes in quotes like: - All work brings abundance - Nothing is easy but everything is possible - Never give up - All is possible to those who believe

Founder of Yalen Enterprises

Mr. Okante believed in being independent since childhood. And this idea of independence and its implementation were carried out following his experiences in the field of firstly being the manager of a packaging center and subsequently being the operations manager, until he left to start his own business named Yalen Multiservices. Mr. Okante has been an entrepreneur at heart since childhood. At the age of five, with the help of his mother, he would sell powdered milk to school children at the Quranic School in the neighborhood. So in short, he grew up in a family of entrepreneurs. Mr. Okante always wanted to do things by himself but tradition in the French speaking system required him to go to school first and despite all these safeguards he spent his time learning shoemaking and doing other craft activities during holidays and vacations.

Yalen Multiservices is a sole proprietorship based in Ivory Coast, which operates in the following areas: - Agriculture and livestock in tropical areas - Partnership, Commercial representation and trading - Business provider and intermediary - Purchase and marketing of agro-pastoral products - Creation and management of AGRs and SMEs for Third Parties - Sale of breeding equipment, materials, tools and accessories - Study, implementation and monitoring of agro-pastoral projects - Import - Export The company has been in operation since the past 1 year.

Currently, his company deals in raising chickens, rabbits and smallscale agriculture, and is also into selling chickens, providing assistance in breeding, setting up agro-pastoral projects and creating partnerships in the agro-pastoral sector according to their means. Mr. Okante, along with his team, is working on the Yalen brand and its visibility. This project is underway.

The company's vision is to become a benchmark in the agro-pastoral and employment sectors in Africa in order to alleviate hunger, malnutrition and poverty in Africa. To make this vision a reality, the company is putting in all of its energy and efforts into training and searching for investors in infrastructure and equipment for largescale production to meet the needs of the national and international 27

“Everyone has the KEY, it’s just a matter of using it right.”

WHY JOIN GIBF GIBF aims to form a Global Business Community for large scale international networking.

E-magazine by GIBF is a fantastic platform to promote businesses reaching out to over 50 million businessmen and professionals globally GIBF knows the value of appreciation and hence, award ceremonies are organized at State, National and International levels to recognize and appreciate successful brands, business leaders and young entrepreneurs.

Furthermore, various 'Success Stories' are acknowledged and appreciated by the forum in a special edition of the E-magazine and on social media platforms.

GIBF is an excellent platform to promote trade fairs from across the globe, where you are also come across the best trade fairs to participate in and to broaden your business horizons. You can register for such trade fairs through GIBF. GIBF helps its members get valuable information of important tenders for big projects, contracts and procurements.

The forum provides help, representation and guidance to companies or entrepreneurs in matters involving Government Authorities and Agencies.

GIBF is a one-stop centre for all business development activities and it is confident of opening up potentially important markets as well as great business avenues for its members.

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Mr. Amanna Iheanyi Nwaguru ,

By 2008, he had a deep desire to establish a private company due to economic inconsistencies and the damaging government policies that affected the labor market. This dream was later achieved in the year 2018 through thorough dedication and hard work.

CEO of Chayoue Energy Company Limited

Chayoue Energy Company Limited is a company dealing in imports and exports that specializes in the commodity market.

The firm's services are not limited to sourcing and trading in the commodity market such as Agro Products, e.g. sesame seeds, raw cashew nut, coco beans, Shea nut, etc., but there are also other services which include: · · · ·

Supply of solid minerals such as zinc ore, manganese ore, lead ore, fluorite ore etc.

Supply of haulage truck.

Supply of dump trucks for construction and mining site Import of renewable and solar energy products.

Challenges: The smooth operations of Mr. Amanna's business have been affected largely by insecurity and insurgence in Nigeria. Due to Boko Haram and Fulani Herdmen operations, it has now become difficult to travel around the country to source for commodities.

Mr. Amanna Iheanyi Nwaguru is the CEO of Chayoue Energy Company Limited. He belongs to the Igbo tribe, who were the victims of Nigeria's civil war. Growing in a war damaged region was devastating for Mr. Amanna and his family; his late father was a banker, while his mother would join him after school hours. The civil war was a premediated genocide, targeted at his tribe (The Igbo tribes of southeast part of Nigeria), according to Mr. Amanna.

Kidnapping is another huge challenge and is also a big problem to financial policy operations due to the dangers and risk to the cargo being transported. The company has to provide escort services at extra cost. There is also the threat of the drivers absconding with the commodities in transit.

Excessive government interference in the foreign exchange market is also causing a lot of damage to fiscal policies.

Back then, basic social amenities were not available, which were needed to sustain human existence. Mr. Amanna recalled that the streets would be filled with rag tagged kids running up and down the block, and houses and mold erosion eaten roads were everywhere. To add to these grave problems, there was no electricity, and the daily conveyance for travelling a long distance was a bicycle. As young children, Mr. Amanna and his siblings and cousins were trained to ride on a giant bicycle when they were just 6 years old. The odds to survive were being pinned on them by their parents, as the infant mortality rate was quite high back then.

Expansion program: As a commodity trading company, Chayoue Energy Company Limited aims at the following in the nearest future: ·

Mr. Amanna's father was one of the favored men of their village because his services to the colonial white masters gave him a good recommendation to regain his job at the bank. Lagos was the most flourishing part of Nigeria back then. Hence, they were able to gain education. However, their hardship was further increased, when in the year 1990, his father voluntarily retired from the Africa Continental Bank, because the bank, which was an Igbo programed bank, was looted by the military government, forcing the bank to shut down.

· ·

Processing of raw materials: It intends to establish their own manufacturing plants, processing raw cashew nuts into finished goods, hulling sesame seeds and the production of food and beverages.

Achieving fleets of heavy duty trucks for the cargo haulage services.

Procurement of mining sites, mining equipment and crushing machines

Establishing solar panels, battery manufacturing plants and assembly plants.

This tragedy made Mr. Amanna and his siblings and cousins look after his mother's business with a bid to give a family of nine children and over twelve cousins a stable livelihood. The elders would survive off the children who were called up to join the trade soon after their business started catering for buyers of African delicacy recipes from different countries. It is during this time that Mr. Amanna was able to develop the skills required in making sound trade decisions. By the year 1999, he was skilled in export business and sourcing of raw materials for local market and industries in Nigeria. In the year 2005, Mr. Amanna became a sourcing agent for some commodity trading companies.

Global India Business Forum THE BUSINESS TYCOONS ACTIONS DELIVER RESULTS e- Magazine : Up to date business news and inspiring stories www.GIBF.biz | www.TheBusinessTycoons.com

29

Togo Togo, officially the Togolese Republic (French: République togolaise), is a country in West Africa bordered by Ghana to the west, Benin to the east and Burkina Faso to the north. The sovereign state extends south to the Gulf of Guinea, where its capital Lome is located.

infocus

Togo covers 57,000 square kilometres (22,008 square miles), making it one of the smallest countries in Africa, with a population of approximately 7.9 million, as well as one of the narrowest countries in the world with a width of less than 115 km (71 mi) between Ghana and its slightly larger eastern neighbor, Benin.

From the 11th to the 16th century, various tribes entered the region from all directions.

From the 16th century to the 18th century, the coastal region was a major trading center for Europeans to purchase slaves, earning Togo and the surrounding region the name "The Slave Coast".

In 1884, Germany declared a region including present-day Togo as a protectorate called Togoland. After World War I, rule over Togo was transferred to France. Togo gained its independence from France in 1960. In 1967, Gnassingbe Eyadema led a successful military coup d'état after which he became president of an anti-communist, single-party state. Eventually, in 1993, Eyadéma faced multiparty elections, which were marred by irregularities, and won the presidency three times.

At the time of his death, Eyadéma was the longest-serving leader in modern African history, having been president for 38 years.In 2005, his son Faure Gnassingbé was elected president. Togo is a tropical, sub-Saharan nation, whose economy depends highly on agriculture, with a climate that provides good growing seasons While the official language is

French, many other languages are spoken.

The largest religious group consists of those with indigenous beliefs, and there are significant Christian and Muslim minorities.

Togo is a member of the United Nations, African Union, Organisation of Islamic Cooperation, South Atlantic Peace and Cooperation Zone, Francophonie, and Economic Community of West African States.

Togo Game Football (soccer) is the most popular sport in Togo, and the country has enjoyed international success. Togolese also enjoy boxing. In the late 1990s super middleweight Zafrou Balloqou was ranked in the world's top 10, and Yacoubou Moutakilou and Abdoukerin Hamidou also have found success in the ring. The country competes internationally in tennis and in African Traditional Wrestling as well. Standout tennis players include Komi and Gérard Loglo, who represented the country at the 1999 .

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Naturally Rich Togo has a tropical climate. In the south the rainy seasons occur from mid-April through June and from midSeptember through October. The narrow coastal zone, which receives about 35 inches (890 mm) of precipitation annually, is the driest region. precipitation—about 70 (1,800 mm) annually. The north has only one rainy season, when precipitation averages about 45 inches (1,150 mm), mostly falling from June to the end of September; during the rest of the year the warm, dry harmattan(a dust-laden wind) predominates.

Economy The economy of Togo has struggled greatly. The International Monetary Fund (IMF) ranks it as the tenth poorest country in the world, with development undercut by political instability, lowered commodity prices, and external debts. While industry and services play a role, the economy is dependent on subsistence agriculture, with industrialization and regional banking suffering major setbacks.

MainIndustries- phosphate mining, agricultural processing, cement, handicrafts, textiles, beverages GDP –By Sector- Agriculture(28.1%),industry(21.6%),service(50.3%)(2019) Exports- $1.002 billion (2019) Exports- commodities : re exports, cotton, phosphates, coffee, cocoa Exports - partners - Benin 17.5% ,BurkinaFaso 15.9%,India 7.6%,Mali 7.2%,Niger 7%,Côted'Ivoire 6.1%,Ghana 4.8% ,Nigeria 4.3% (2018) Imports- $2.009 billion (2019) Imports- commodities: machinery and equipment, foodstuffs, petroleum products (Imports – Partners- China 22.9% ,Belgium 20.3% ,Netherlands 11.9%,France 6.6%, India 4.8%,Singapore 4.4% (2019)

RENEWABLE ENERGY In 2008, Togo generated 0.16 billion kilowatt-hours of electricity from an installed capacity base of 85 megawatts. The top 2 energy sources overall were Hydroelectricity (78.82% of total capacity) and Conventional Thermal (21.18%).

In 2008, Togo produced 0 quadrillion BTUs (QBTUs) of primary energy, a decrease of 0 QBTUs over the prior year and a compound growth rate of 2.1% over a 5 year period.

Primary energy consumption meanwhile increased by 8.11% over the prior year to 0.04 QBTUs, equating to 7.03 million BTUs per capita which places Togo into the 83rd percentile of countries worldwide for per capita primary energy consumption.

Total renewable energy capacity accounts for 78.82% of this total installed capacity base whilst renewable energy sources excluding hydropower account for 0%.

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Culture Togo's culture reflects the influences of its 37 tribal ethnic groups, the largest and most influential of which are the Ewe, Mina, and Kabye . French is the official language of Togo, but many native African languages are spoken there as well. Despite the influence of Western religion, more than half of the people of Togo follow native animistic practices and beliefs.

Ewe statuary is characterized by its famous statuettes which illustrate the worship of the twins, the ibéji. Sculptures and hunting trophies were used rather than the more ubiquitous African masks.

The wood-carvers of Kloto are famous for their "chains of marriage": two characters are connected by rings drawn from only one piece of wood. The dyed fabric batiks of the artisanal center of Kloto represent stylized and colored scenes of ancient everyday life. The loincloths used in the ceremonies of the tisserands of Assahoun are famous.

Transportation Although Togo has a railroad network, there are currently no passenger train services in operation. There is a south-north route from Lome to Cinkasse that is served by a large, air-conditioned bus known as the Climatize Bus. Otherwise, there are no buses in the usual sense operating in Togo. For every other destination that requires long distance travel, you should seek out a 'bush taxi'. These taxis are usually private cars, or sometimes minivans depending on the popularity of the route. The fare is charged per passenger, and cars leave when full, or you can hire the entire vehicle for your journey, but expect to pay more.

Air Togo was an airline headquartered in Lome in Togo. Operational between 1998 and 2000, it served as the country's flag carrier, operating flights between Togo and France, as well as to neighbouring countries in West Africa, out of its base at Lome –Tokoin Airport.

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Investment in Togo Despite gradual opening to the global market, FDI is only allowed in certain sectors. According to the UNCTAD's World Investment Report 2019, FDI inflows increased from USD 88 million in 2017 to USD 102 million in 2018. The FDI stock amounted to USD 1.7 billion in 2018 and represented 33.4% of Togo's GDP. Foreign ownership of land is restricted and capital transactions are subject to government control or approval. FDI inflows in Togo are particularly weak and unstable in recent years. Improving the business environment and launching power plant construction projects should facilitate an increase in FDI in the coming years. Togo has a free trade zone, which has attracted 62 companies and employs more than 12,000 people. In addition, the country adopted a new mining code in February 2017, which aligns local standards with those of UEMOA (Economic and Monetary Union of Central Africa

Productive Promotion and Attraction of Foreign Investment Law Togo's economy has been expanding for several years after a long period of political and economic isolation in the late 1990s and early 2000s. Togo has implemented various business reforms and completed several large infrastructure projects to make the country more attractive to foreign investment. The government's goal is to leverage the country's geographic position by transforming Lome into a regional trading center and transport hub. Togo has completed hundreds of kilometers of refurbished roadways, and expanded and modernized the Port of Lome. In addition, several new luxury hotels have recently opened and the government inaugurated in April 2016 the new Lome international airport that conforms to international standards. In September 2017, the government established the Business Climate Unit (CCA), which aims to “put in place the optimum conditions for the effective implementation of reforms”. The CCA is composed of a national coordination and three committees dedicated to the public and private sectors and civil society.

What are the benefits for new investments in basic industries?

Togo's economy has been expanding for several years after a long period of political and economic isolation in the late 1990s and early 2000s. Togo has implemented various business reforms and completed several large infrastructure projects to make the country more attractive to foreign investment. The government's goal is to leverage the country's geographic position by transforming Lome into a regional trading center and transport hub. Togo has completed hundreds of kilometers of refurbished roadways, and expanded and modernized the Port of Lome. In addition, several new luxury hotels have recently opened and the government inaugurated in April 2016 the new Lome international airport that conforms to international standards. In September 2017, the government established the Business Climate Unit (CCA), which aims to “put in place the optimum conditions for the effective implementation of reforms”.

SMARTER INVESTING: Experience & Discipline IMPORT-EXPORT In 2017 Togo exported $1.63B, making it the 135th largest exporter in the world.

During the last five years the e x p o r t s o f To g o h a v e decreased at an annualized rate of -7.6%, from $1.83B in 2012 to $1.63B in 2017. Togo imported $8.15B, making it the 103rd largest importer in the world. During the last five years the imports of Togo have decreased at an annualized rate of -2.4%, from $9.2B in 2012 to $8.15B in 2017.

INDIA TOGO TRADE RELATIONS Bilateral trade between India and Togo grew from US$505 million in 2011-12 to $884 million in 2014-15.

Trade declined slightly to $757.28 million in 2015-16.

India exported $532.19 million worth of goods to Togo, and imported $225.09 million in 2015-16.

Consulate General Of Togo D.4/6, Block-D Vasant Vihar New Delhi 11 00 57 India

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SECTOR REVIEW - FISHING INDUSTRY The fishing industry includes any industry or activity concerned with taking, culturing, processing, preserving, storing, transporting, marketing or selling fish or fish products. It is defined by the Food and Agriculture Organization as including recreational, subsistence and commercial fishing, and the harvesting, processing, and marketing sectors. The commercial activity is aimed at the delivery of fish and other seafood products for human consumption or as input factors in other industrial processes. Directly or indirectly, the livelihood of over 500 million people in developing countries depends on fisheries and aquaculture.

Sectors There are three principal industry sectors: The commercial sector: comprises enterprises and individuals associated with wild-catch or aquaculture resources and the various transformations of those resources into products for sale. It is also referred to as the "seafood industry", although non-food items such as pearls are included among its products.

The traditional sector: comprises enterprises and individuals associated with fisheries resources from which aboriginal people derive products in accordance with their traditions.

The recreational sector: comprises enterprises and individuals associated for the purpose of recreation, sport or sustenance with fisheries resources from which products are derived that are not for sale.

Overfishing

Environmental impact of fishing The environmental impact of fishing includes issues such as the availability of fish, overfishing, fisheries, and fisheries management; as well as the impact of industrial fishing on other elements of the environment, such as by-catch. These issues are part of marine conservation, and are addressed in fisheries science programs.

According to a 2019 FAO report, global production of fish, crustaceans, molluscs and other aquatic animals has continued to grow and reached 172.6 million tonnes in 2017, with an increase of 4.1 percent compared with 2016. There is a growing gap between the supply of fish and demand, due in part to world population growth.

The journal Science published a four-year study in November 2006, which predicted that, at prevailing trends, the world would run out of wild-caught seafood in 2048. The scientists stated that the decline was a result of overfishing, pollution and other environmental factors that were reducing the population of fisheries at the same time as their ecosystems were being annihilated. Many countries, such as Tonga, the United States, Australia and Bahamas, and international management bodies have taken steps to appropriately manage marine resources.

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Overfishing has also been widely reported due to increases in the volume of fishing hauls to feed a quickly growing number of consumers. This has led to the breakdown of some sea ecosystems and several fishing industries whose catch has been greatly diminished. The extinction of many species has also been reported. According to a Food and Agriculture Organization estimate, over 70% of the world's fish species are either fully exploited or depleted. According to the Secretary General of the 2002 World Summit on Sustainable Development, "Overfishing cannot continue, the depletion of fisheries poses a major threat to the food supply of millions of people."

The cover story of the May 15, 2003 issue of the science journal Nature – with Dr. Ransom A. Myers, an internationally prominent fisheries biologist (Dalhousie University, Halifax, Canada) as the lead author – was devoted to a summary of the scientific information. The story asserted that, as compared with 1950 levels, only a remnant (in some instances, as little as 10%) of all large ocean-fish stocks are left in the seas. These large ocean fish are the species at the top of the food chains (e.g., tuna, cod, among others). This article was subsequently criticized as being fundamentally flawed, although much debate still exists (Walters 2003; Hampton et al. 2005; Maunder et al. 2006; Polacheck 2006;Sibert et al.

2006) and the majority of fisheries scientists now consider the results irrelevant with respect to large pelagics (the open seas).

Shark finning

Shark culling

Shark finning is the act of removing fins from sharks and discarding the rest of the shark. The sharks are often still alive when discarded, but without their fins. Unable to swim effectively, they sink to the bottom of the ocean and die of suffocation or are eaten by other predators. Though studies suggest that 73 million sharks are finned each year, scientists have noted that the numbers may actually be higher, with roughly 100 million sharks being killed by finning each year. The deaths of millions of sharks has caused catastrophic damage to the marine ecosystem.

Shark culling is the killing of sharks in government-run "shark control" programs. These programs exist to reduce the risk of shark attacks — however, environmentalists say that they do not reduce the risk of shark attacks; they also say that shark culling harms the marine ecosystem. Shark culling currently occurs in New South Wales, Queensland, KwaZulu-Natal and Reunion. Queensland's "shark control" program killed roughly 50,000 sharks between 1962 and 2018 — Queensland's program uses lethal devices such as shark nets and drum lines. Thousands of other animals, such as turtles and dolphins, have been killed in Queensland as by catch.

Fisheries Industry India being a peninsular country has a far-stretching coastline. It is surrounded by water on the east, west, and south coasts. As a result there is abundant fishing in India. The fisheries industry in India is huge. With its vast coastline, India is the fourth-largest producer of fish in the world. This is mainly because nearly 10 million people residing in more than 4,000 coastal regions are engaged in fishery activity. These people are mainly dependent on fisheries to earn a living.

India holds great potential for both inland and marine fishing. It has huge reservoirs for fishing. The fisheries industry heavily contributes to the Gross Domestic Product of India. The fisheries industry is responsible for filling the Indian exchequer with about $70 million per annum. Massive production and export has made the fisheries sector an essential part of the Indian economy.

Why is the fishing industry important?

By fishing industry, I will assume you are referring to those industries that rely on fishing activities to function. So what is the importance of these industries? I will write with little references however if you require a more detailed write up or an academic article on this topic, please let me know.

First on the list is Job Creation. understanding that the fishing industry comprises of various aspect via production, processing, marketing should be our starting point, all this aspects work harmoniously to meet the objectives of the industry which centres on making fish available to the teeming population. it thus employs the services of man both skilled, semi skilled and unskilled in accomplishing her goals. For instance some people launch into the waters to catch fish, others receive the catch to either preserve/process them, some people are specialist in ensuring the fish get to the people who need them while other help in developing tools that makes activities our contemporary era stress free by developing modern fishing tools. all this people are in a way or the other employed to carry out a specified task just because the industry exist.

Though the fishing industry in India contributes heavily to the GDP and is a valuable source of earning foreign currency for the country, it still has a huge potential for export. Out of the total area available for fisheries, a significant amount of area is left unutilized.

In the recent past, the fisheries industry has been growing considerably on a consistent basis. It has also caught the attention of foreign investors. Several foreign investors are now investing in the fisheries industry in India for its potential to offer them immense returns. Another reason for the foreign investors to invest in the industry is the easy availability of infrastructure facilities. The liberalized policy of the government is another vital factor for the fisheries industry to attract new foreign investments.

Some of the most prominent states and union territories that promise huge potentials for investments include:

Income generation is another advantage.The services provided are not for free. are they? of course not, they are given in exchange for something either in kind or cash. the case has always been in favour of the latter. it has not always been about an individual generating income just by engaging in the industry, some nations have recorded huge contribution from this industry to their gross domestic production.

Goa: The state has a coastline of about 100 km and is rich in marine wealth. Fisheries are the main economic activity of the state. The fishing activity has given a big boost to the canning, freezing, and fish processing industries in the state. These industries offer great investment opportunities.

Kerala: The government of Kerala gives top priority to the fisheries sector. The sector contributes the most to the state government's revenue and brings in foreign exchange. The government is keen to develop this industry further. There are huge investment opportunities for investors in terms of providing technological assistance to the local fishermen, 35

Best Fishing Related Business ideas & Opportunities in 2020

Aquaculture Companies in India

Start Farming Tilapia Fish One option you have when it comes to starting a fishing related business is to go into Tilapia fish farming. Tilapia fish is a fresh water fish that lives in shallow streams, ponds, rivers, lakes and can sometime be found in brackish water.

Start Farming Salmon Fish If you are interested in starting a fishing related business, then you should consider starting a salmon fish farm. Salmon fish farming is perhaps one of the most lucrative fish farming businesses an entrepreneur can start, but that does not rule out the fact that it can sometimes be challenging especially if you don't live around coastal areas where you can conveniently create a demarcation for breeding your salmon fish.

Start a Shrimp Farming Business Shrimp farming is another fish related business idea that an aspiring entrepreneur can start in any part of the world. Shrimp farming is known to be a profitable business and has evolved from small scale to a global industry in most countries where it is carried out.

Start an Oyster Farming Business There are loads of business opportunities in the fish and seafood farming industry and oyster farming is one of them. Oyster is known as one of the world's healthiest foods and is eaten in all the continents of the world. Its antioxidant and anti-inflammatory content makes it most desirable by those who are careful about their cholesterol intake.

Avanti Feeds Ltd Based in Andhra Pradesh, India, the Company is the dominant player in India's aquaculture sector. The Company has five shrimp feed manufacturing units and two shrimp processing and export units – all ISO certified. The largest manufacturer of shrimp feed in India.

Spearheaded by Mr. Alluri Indra Kumar, the Company's day-to-day operations are managed by an experienced and energetic team. Its shares are listed on Bombay Stock Exchange Limited and the National Stock Exchange of India Limited. The Company also operates 4 windmills with a capacity of 3.2 MW at Chitradurga, Karnataka.

Apex Frozen Foods Ltd Commenced business operations in 1995, Apex Frozen Foods is one of the leading Producers and Exporters of processed, ready-to-cook, shrimp in India. The brands owned by company Bay fresh, Bay Harvest and BayPremium. It is the second among the top aquaculture companies in india.

Coastal Corporation Limited Coastal Corporation Limited (India), one of the leading producers and exporters of high-quality Aquaculture seafood products across the globe. The Company exports an extensive range of Shrimp products to millions of consumers in U.S.A, Europe, Canada, UAE, Saudi Arabia, Australia, Hongkong, Korea, China and Russia.

Waterbase Ltd

Waterbase Ltd. was established in 1993 as India's first fullyintegrated aquaculture company. It was initially set up in technical Start a Crayfish Farming Business association with LUXE, Taiwan, which is one of the world's largest Another profitable fishing related business that an aspiring producers of prawn and fish feeds. entrepreneur should consider starting is crayfish farming. Crayfish, also known as crawfish, crawdads, freshwater lobsters, mountain Zeal Aqua lobsters, mudbugs or yabbies, are freshwater crustaceans Zeal Aqua is a leading Aquaculture company with a production resembling small lobsters. Its antioxidant and anti-inflammatory capacity of 1500 tons of shrimp in the year 2015. It one of the largest content makes it most desirable by those who are careful about their producers of shrimp in Gujarat. It is the Fifth Largest Aquaculture cholesterol intake.

Companies in India.

Best Opportunities In Fishing Sector India has vast potential for fishes from both inland and marine resources, due to its long coastline, huge reservoirs, etc. It is the fourth largest producer of fish in the world. It is also the second largest producer of inland fish. The contribution of fisheries to the GDP is around 1.4%. From 0.75 million tons in 1950, the fishery sector has grown to the production level of 6.4 million tons worth Rs. 3,20,000 million, and an export of nearly Rs. 70,000 million. Nearly 10 million people, living in 4,000 coastal villages and more number of interior villages, depend on fisheries to earn their livelihood.

Development of brackish water and freshwater aquaculture has tremendous scope in India. Out of a total area available for culture, only 30% of fresh water area and 10% of brackish water area is utilized.

Huge production, consumption and export has made this sector an important part of the Indian economy. The major thrust in fisheries development has been focused on optimising production and productivity, augmenting export of fishery products, generating employment and improving welfare of fishermen and their socioeconomic status. The target is to increase the fish production from the current level of 60 lakhs MTs to about 95 lakhs MTs by 2020.

Foreign equity is permitted in the fish processing sector. Further, fish processing projects with a minimum of 20% value addition can be set up as 100% Export Oriented Units. All items can be exported freely except for silver pomfrets of weight less than 300 gms.

But, India's substantial fishery resources are highly under-utilised and it is widely recognised that there is immense potential to increase the output of this sector.

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Global India Business Forum THE BUSINESS TYCOONS ACTIONS DELIVER RESULTS e- Magazine : Up to date business news and inspiring stories www.GIBF.biz | www.TheBusinessTycoons.com

ECONOMIC BILATERAL AGREEMENTS AND MOU's INDIA AND USA BILATERAL TRADE AGREEMENT The USA is India's most preferred trading partner for the year 2019-20. As of 2019-20, the bilateral trade value between India and the USA was at $88.75 billion which increased from $87.96 billion in the year 2018-19.

This trade surplus, which India shares with very few countries, just goes on to show that the economic and trade ties between the two countries is going from strength to strength.

China was India's top trading partner till the year 2017-18. However, the USA surpassed China to gain the top position in India's list of favourable trade partners.

The reason for China being toppled by the USA was an increasing anti-China sentiment among the citizens of both the countries. Also, India has had strained border relations with China which has added fuel to fire.

India will now frame quality guidelines and regulations to make sure that products of top quality are imported from other countries except China and this would also boost the domestic businesses.

The reason behind growing relations between India and the USA is because of the increase in the population of the Indian diaspora in the USA as Indians in the USA would prefer to buy Indian goods.

INDIA AND EU BILATERAL TRADE AGREEMENT The 15th summit between India and the European Union (EU) was held on July 15, 2020.

This summit was virtually held for the first time.

India and the EU signed a civil nuclear cooperation agreement and this summit is expected to give a boost to revive free trade talks between the two parties after seven long years because India wants to find more economic trading partners and wants to reduce its dependence on China for trade.

A bilateral investment treaty will also take place between the two parties as India has a keen interest in the EU's capital and technology.

India and the EU will conduct nuclear research activities under the civil nuclear agreement and these activities will be targeted at sectors like medicine, environment and water among others.

The EU is one of the largest sources of Foreign Direct Investment (FDI) for India.

This will further enhance trade opportunities between the two parties.

INDIA AND USA BILATERAL TRADE AGREEMENT India and the South African Customs Union (SACU) enter into Preferential Trade Agreement (PTA) which is an agreement that gives preferential access to certain countries over the products of another country with the help of reduced tariffs.

In 2019-20 the value of trade conducted between India and Africa on the whole was at $66.7 billion whereas India's trade with South Africa was nearly $10.9 billion alone and could expand even further in the future.

During the challenging times of COVID-19, the SACU could widely be benefitted from a vast $2.9 trillion economy like India's.

Mining is a sector of particular interest to India as Namibia is a rich source of minerals and precious metals like uranium, diamonds, copper, phosphate, etc.

And India being the hub of IT and having achieved a powerful position in sectors like Engineering and Pharmaceutical, could help Namibia in a lot of areas.

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Comoros infocus

The Comoros officially the Union of the Comoros (Comorian: Udzima wa Komori, French: Union des Comores, Arabic: al-Ittiḥād al-Qumurī / Qamarī), is an island country in the Indian Ocean located at the northern end of the Mozambique Channel off the eastern coast of Africa between northeastern Mozambique, the French region of Mayotte, and northwestern Madagascar.

The capital and largest city in Comoros is Moroni. The religion of the majority of the population is Sunni Islam. As a member of the Arab League, the Comoros is the only country in the Arab world which is entirely in the Southern Hemisphere. At 1,660 km2 (640 sq. mi), excluding the contested island of Mayotte, the Comoros is the fourth-smallest African nation by area.

The population, excluding Mayotte, is estimated at 832,322. As a nation formed at a crossroads of different civilizations, the archipelago is noted for its diverse culture and history. The archipelago was first inhabited by Bantu speakers who came from East Africa, supplemented by Arab and Austronesian immigration.

The sovereign state is an archipelago consisting of three major islands and numerous smaller islands, all in the volcanic Comoro Islands.

The major islands are commonly known by their French names: northwestern-most Grande Comore (Ngazidja), Moheli (Mwali), and Anjouan (Nzwani). In addition, the country has a claim on a fourth major island, southeastern-most Mayotte (Maore), though Mayotte voted against independence from France in 1974, has never been administered by an independent

Comoros government, and continues to be administered by France (currently as an overseas department). France has banned United Nations Security Council resolutions that would affirm Comorian sovereignty over the island. In addition, Mayotte became an overseas department and a region of France in 2011 following a referendum passed overwhelmingly..

Comoros Game Comoros played their first matches in the 1979 Indian Ocean Island Games. Those were the only games they played until qualification for the 2009 Arab Nations Cup in 2006. Those two matches were their first two matches with full FIFA recognition, and included a 4–2 victory over Djibouti. . In 2007, Comoros first entered qualification for the World Cup and the Africa Cup of Nations for the 2010 tournaments, but lost in the preliminary round 2–10 on aggregate to Madagascar.

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Naturally Rich The tropical climate has two clearly marked seasons: a cooler, dry period between May and October and a warmer, humid season between November and April. In November the summer monsoon (kashkazi) brings the highest afternoon temperatures—about 91 °F (33 °C).

The highest monthly rainfall occurs in January with about 11–15 inches (275–375 mm), and the rainy season is the season of greatest tropical cyclone frequency. Dry season daily maximum temperatures fall to their lowest, about 84 °F (29 °C), in July.

Economy The economy of the Comoros is based on subsistence agriculture and fishing. Comoros has inadequate transportation links, a young and rapidly increasing population, and few natural resources. The low educational level of the labor force contributes to a subsistence level of economic activity, high unemployment, and a heavy dependence on foreign grants and technical assistance.

Main Industries- fishing, tourism, perfume distillation GDP –By Sector- Agriculture: 50.0%; industry: 10.0%; services: 40.0% (2020 est.)

Exports- $19.6 million (2012 est.) (205th) (2019) Exports- commodities: vanilla, ylang-ylang (perfume essence), cloves, copra Exports- partners: India 15.1%, Singapore 15%,France 14.9%,Netherlands 12.9%, Turkey 11.9%,United States 5.7%,Saudi Arabia 5.4%,Germany 4.2% (2020 est.)

Imports- $208 million (2020 est.) (206) (2020 est.)

Imports - commodities: rice and other foodstuffs, consumer goods, petroleum products, cement, transport equipment Imports - partners- France 16.9%, Pakistan 15.8%,China 12.8%, United Arab Emirates 11%,India 6.7%,Kenya 6.1%,Hong Kong 5.1% (2020 est.)

RENEWABLE RESOURCES Renewable internal freshwater resources flows refer to internal renewable resources (internal river flows and groundwater from rainfall) in the country. Renewable internal freshwater resources per capita are calculated using the World Bank's population estimates.

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Culture Comorians are strong followers of Islam, and religious celebrations are widely observed. The local culture is a hodgepodge of Arab, French and African influences. The residents have a strong regard for music and other performance arts and local artisans are skilled in sculpture, pottery, embroidery, and basketry. Diversity is also evident in the many prevalent languages used, on the islands, including French, Comorian, Arabic, and Swahili. Customary celebrations in the Comoros often feature dancing, music and the re-creation of popular and important literary texts, including war epics and tales about the beginning of different villages.

Embroidered ceremonial coats, Islamic bonnets, and curtains are donned. Jewellery is also widely produced and sold. Islam is the dominant religion, and it influences the Comoros' culture and traditions deeply. Customs should be respected, though locals are generally tolerant of outside cultures. Many people also believe in earthly spirits and the power of djinn, which is derived from African, Arab and Madagascan traditions. There is also a Roman Catholic minority. Alcohol is not banned, though discretion should be used when drinking and don't make too big a deal out of it.

Transportation It is easy to hail taxis in Moroni and Fomboni. Shared cabs are common in the Comoros and are usually available anytime except late at night. It is possible to take a taxi to nearby towns like Itsandra and Iconi, as well as to and from the airport.

Services are also available that go to the east coast through long-distance taxis that can be found near Gobadjou district.Boat and ferry services are available between the islands. From Grande Comore, it is possible to catch a boat from the southern coastal town of Chindini to Hoani (Mohéli's northern coast). These boats are generally safe even though they are small, but be sure to check the weather forecast beforehand. There are no trains or buses in the Comoros, as most locals and tourists rely on rental cars and taxis for transportation. Four-wheel drive vehicles are recommended when visiting outlying islands, especially during rainy seasons. More frequently traveled roads are tarred and generally in good condition.

The airline launched with flights between the islands of the archipelago made its first flight on 6 October 2009. The airline in association with Bahrain Air, flew the first inaugural international flight to Jeddah to take pilgrims to the Hajj in 2009. The airline was established under an initiative between Kuwait and the Comoros government under the former President Ahmed Abdallah Mohamed Sambi, in response to a need for greater safety, frequency and the highest standards for an increasing number business and vacationing traffic to and from islands in the Indian Ocean.

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Investment in Comoros Current FDI inflows to Comoros remain marginal despite tax concessions and benefits offered by the government, which is resolutely trying to improve the business climate and institutional stability. These inflows amounted to only USD 8 million in 2018 (UNCTAD World Investment Report 2019), which is in line with historical trends but is well below the exceptional peak recorded in 2011 (USD 23 million). The stock of FDI remains low despite an increase in 2018. It is estimated at USD 122 million, or 16.5% of GDP. The agriculture and fishing sectors receive most of foreign investment. The main investing countries are France, the United States and South Africa.

Comoros ranked 164th out of 190 countries in the World Bank's 2019 Doing Business Report, losing six places compared to the previous year. In May 2018, the African Development Bank approved a disbursement of USD 1.5 million for a support project for investment promotion agency (PAAPI). The Investment Code of Comoros does not provide an explicit definition of FDI, and the regulatory environment still imposes significant burdens on investors.

Productive Promotion and Attraction of Foreign Investment Law The Investment Code of Comoros does not provide an explicit definition of FDI, and the regulatory environment still imposes significant burdens on investors. However, the government is committed to reform the investment code and establish a single point of contact for setting up a company. Foreign direct investment in the Comoros and other countries reflects the foreign ownership of production facilities. To be classified as foreign direct investment, the share of the foreign ownership has to be equal to at least 10 percent of the value of the company. The investment could be in manufacturing, services, agriculture, or other sectors. It could have originated as green field investment (building something new), as acquisition (buying an existing company) or joint venture (partnership).

What are the benefits for new investments in basic industries?

Competitive advantages in the basic materials sector are based largely on low-cost production.

Ownership of world-class mineral deposits, access to low-cost feedstock, or highly efficient production methods are the most common ingredients for success.

When people look at investing in equity markets, they may focus on investing in specific sectors because they believe these sectors will help them reach their financial goals. For example, some sectors may typically be less volatile, which would appeal to investors who are focused on predictability and capital preservation. Meanwhile, other sectors that have more growth prospects and higher volatility may appeal to investors with a higher risk tolerance.

Many fund managers also focus on sector-specific investments. In some cases, fund managers may only focus on investing in one sector, such as the technology sector or the healthcare sector.

Additionally, some fund managers may invest in a range of sectors and companies, but veer away from certain sectors (i.e. the financial services sector) if they don't like the current prospects for that sector.

SMARTER INVESTING: Experience & Discipline IMPORT-EXPORT In 2017 Comoros exported $74M, making it the 187th largest exporter in the world.

During the last five years the exports of Comoros have increased at an annualized rate of 0.9%, from $67.2M in 2012 to $74M in 2017.

Comoros imported $295M, making it the 189th largest importer in the world.

INDIA-COMOROS TRADE RELATIONS Trade. India was the third largest destination for exports from Comoros in 2015. Bilateral trade between Comoros and India totaled US$ 29.06 million in 2014-15, growing from $20.29 million in the previous fiscal. India exported $17.76 million worth of goods to Comoros, and imported $11.30 million in 2014-15.

Consulate General Of Comoros 27-28, D.S., Ground FloorNew Rajinder NagarNew Delhi 110 060, India

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2007 - The Flipkart story begins in a Bengaluru apartment

Flipkart is an Indian e-commerce company based in Bangalore, Karnataka, India. It was founded by Sachin Bansal and Binny Bansal in 2007. The company initially focused on book sales, before expanding into other product categories such as consumer electronics, fashion, home essentials & groceries, and lifestyle products.

2008 - Building blocks – Putting the Indian customer first

Business structure

2009 - First employee, first funding, first preorder

According to a report in November 2014, Flipkart was operating through a complex business structure which included nine firms, some registered in Singapore and some in India. In 2012, Flipkart co-founders sold WS Retail to a consortium of investors led by Rajeev Kuchhal.

House brands Flipkart maintains several house brands, including Citron (home appliances) and Digiflip (formerly for electronics and accessories). In 2017, Flipkart launched additional brands, including Billion (smartphones), Smartbuy (electronics accessories, effectively replacing Digiflip), and MarQ (for large appliances, although its launch was faced with a trademark dispute with an existing company, Marc Enterprises) In 2019, Flipkart began selling Nokia-branded televisions. A 55-inch, Android TVbased 4K Smart TV was the first product released under that licensing agreement. A 43-inch TV was unveiled on 4 June 2020.

2010 - Cash-on-Delivery and Ekart win over the Indian consumer 2010 - Cash-on-Delivery and Ekart win over the Indian consumer 2011 - Expanding the delivery network 2012 - The Flipkart mobile app brings shopping to every Indian's fingertips 2013 - The rise of the marketplace 2014 - Myntra joins the family, Big Billion Day is born

Awards and recognition Sachin Bansal was awarded Entrepreneur of the Year 2012–2013 from The Economic Times, a leading Indian economic daily newspaper.[128] In September 2015, the two founders entered Forbes India Rich List debuting at the 86th position with a net worth of $1.3 billion each.

In April 2016, Sachin Bansal and Binny Bansal were named to Time magazine's list of The 100 Most Influential People.[130]

Global India Business Forum THE BUSINESS TYCOONS ACTIONS DELIVER RESULTS www.GIBF.biz | www.TheBusinessTycoons.com e- Magazine : Up to date business news and inspiring stories

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UPCOMING GIBF EVENTS & TRADE FAIRS 3DAY ONLINE WORKSHOP ON INTELLECTUAL PROPERTY RIGHTS

Virtual Event Event Date 30th July- 1st August 2020

Organiser ASM Executive Education Centre Global India Business Forum (GIBF) & Audyogik Shikshan Mandal (ASM) invite you to register for a 3 day online workshop on Intellectual Property Rights, with specific reference to Patents, Industrial designs & Trademarks.

THE INTERNATIONAL VIRTUAL CONFERENCE ON SOCIAL SCIENCES (IVCSS 2020)

Virtual Event Event Date 31st July 2020

Organiser TIIKM The International Association for Social Science and Humanities – (IASSH) welcomes you to the International Virtual Conference on Social Sciences (IVCSS 2020) on 31st of July 2020. IVCSS 2020 is designed with the objective of providing a Virtual Conference experience maximizing opportunities for researchers to develop their career and engage in debates and discussions with the stakeholders pertaining to the field of study. The Conference will comprise of academics, industry researchers, advocates, educators, artists, social workers, and policy makers to together make a significant contribution by imparting and enhancing knowledge for the greater good of the community and the society at large.

MARKETSANDMARKETS WORLD ADAS & AD CONFERENCE

Virtual Event Event Date 6th-7th August 2020

Organiser Markets & Markets Automotive companies are embracing connected and smart technologies to offer safer and future-ready vehicles by investing in Advanced Driver Assistance Systems (ADAS). The battleground to win the customers is one of the driving forces for automotive manufacturers and OEMs to adopt the technology and lead the marketplace.

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GIBF PAST EVENTS & TRADE FAIRS Women conference Tiikmconferences WCWS 2020 - The Online Virtual Conference on Women's Studies 2020.The 6th World Conference on Women's Studies (WCWS 2020) was successfully held from 27th – 28th July virtual Conference in ZOOM. With the 8 region participation of more than 62+ delegates and students. Conclusion of #WCWS2020 which was held under the theme “Overcoming Women's Subordination: Socialization, Law, and Structural Inequalities ” was a grand success.

2nd World Conference on Child and Youth 2020 The 2nd World Conference on Child and Youth 2020 was successfully held from 23rd - 24th July through a virtual conference in ZOOM, with the 5 region participation of more than 30+ delegates and students.

Conclusion of #CCY2020 which was held under the theme ” Preparing Children and Youth to Face Emerging Challenges in the 21st Century ” was a grand success.

The International Conference on Business Commerce & Management Studies (BIZCOM 2020) It was a great pleasure for Global India Business Forum to host International Conference on Business, Commerce and Management Studies (BIZCOM 2020), which was held from 12 - 13 March 2020. The host International Conference on Business, Commerce and Management Studies (BIZCOM 2020) was a great opportunity for business personalities. It was GIBF’s pleasure to host the International Conference on Business, Commerce and Management Studies.

The international conference on architecture & Civil Engineering 2020 It was a great pleasure for Global India Business Forum to host International Conference on Architecture and Civil Engineering 2020, which was held on 12-13 March 2020. The International Conference on Architecture and Civil Engineering 2020 was an great opportunity for business personalities. It was gibf pleasure to host the International Conference on Architecture and Civil Engineering 2020 as Association Partner.

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BLTM

Corporate and MICE travel segments continue to be one of the fastestgrowing in the world.

BLTM was an exclusive two-day B2B travel mart focussed on Business + Leisure Travel and MICE. Preschedule business meetings and connect with your preferred travel brands before the show commences using our hi-tech and userfriendly Online Meeting Diary.

BLTM provided destination sellers and travel service providers the ultimate business platform to meet hundreds of corporate buyers along with many qualified meeting planners and incentive travel planners who're hosted from other major Indian cities. Network at BLTM and build long-term business relations.

95% of corporate travellers today either opt for or would want to combine in their trip a Leisure destination or activity, according to a report titled Unpacking Bleisure Traveller Trends. According to another study by Booking.com, nearly half of the business travellers (49 percent) have extended their business trip to a different destination, for leisure. The same study points out that Indians rank second amongst ‘Bleisure’ travellers across 31 countries.

That is the reason why BLTM is a unique platform for Business as well as Leisure destinations, to market to the fastest growing Corporate and MICE travel segments in India.

The Business + Leisure and MICE Travel Market in India India is the third-largest business travel market in the APAC region, according to Redefining Corporate Travel Management, a report by FCM Travel Solutions and KPMG.

OTM, MUMBAI – AND IT'S A WRAP…THE STARS OF THE TRAVEL INDUSTRY WALK THE RAMP The most awaited travel trade show in India, OTM Mumbai concluded on 5th February 2020 at the Bombay Exhibition Centre. The Guest of Honour for the Valedictory and Awards Programme was the Secretary of the Ministry of Tourism India, Mr Yogendra Tripathi.

Mr Sanjiv Agarwal thanked the 1,000+ exhibitors from 60 countries and destinations, and the 20,000 plus buyers that came to the show over the 3 days. OTM was the culmination of over a dozen travel trade shows held across the length and breadth of India. OTM has witnessed a growth rate of 20% and a 50% increase in entrees despite the perceived economic slow-down.

Mr Yogendra Tripathi, addressed the attendees for their positive and encouraging response. He cited OTM as an important platform to engage, discuss and reinforce ideas. He lauded tourism as an important sector contributing to impetus and growth in the economy through employment generation and GDP among other factors. He quoted the cumulative arrivals in India have gone up by 8% while the ease in e-visas has contributed to a 20% growth. He also repeated the Prime Minister's plea for all Indians to visit 15 destinations from now until 2022.

The categories for awards ranged from group participation, B2B online travel, cruise, airline, travel technology, destination Management Company, best pavilion, exotic destination to eco themes. The major winners were the premium destination partners like Sri Lanka, Indonesia, Azerbaijan, Taiwan, Greece and Malaysia among others.

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