Indo-US Business Magazine July-August 2012

Time Ripe for Maritime Tie-Ups

Focus: Forging Strategic Ties Further SUITE 2012: Stress on Tech, Energy & SMEs

Special Section Madhya Pradesh ‘Mantra’ for Rural Development:

Inclusive Growth

Founder Chairman Late Shri R.K. Prasad

Published by: New Media Communication Pvt. Ltd. in association with Indo-American Chamber of Commerce Managing Editor: Satya Swaroop Directors: B.K. Sinha & Kamaljit Swaroop Group Editor: Dev Varam Executive Editors: Suresh Vasudevan, Uday Tarra Nayar, Jyoti Pathak & Atula Imchen Consulting Editor: Tripat Oberoi Deputy Editor: Tripti Chakravorty Chief Operating Officer: Bipin Kumar Sinha Group Director: Shamal Pote Head Marketing Services: Veerendra Bhargava Managers: Nachiket Basole, Jimesh Patel, Nalini Manikeri & Wilfred Moraes Strategic Advisor: Vinaya Shetty Head - Admin & Finance: Sunil Kumar Liaison Officer: Vrunda Gurav Special Projects: Arvinder Kaur Seth Support Executives: Agnel Dias & Madhavi Singhi Circulation: Jawaharlal, Santosh Gangurde, Vijay Wangade, Suraj & Khublal Art Director: Santosh Nawar Associate Art Director: Sagar Banawalikar Photographers: Kishen Singh & Ramesh Singh

3rd US-India Strategic Dialogue Further Forges Economic Ties

India's Maritime Infrastructure Development

US Firms Keen to Offer Products & Services

SUITE 2012: Focus on Tech, Energy & SME Sectors

BRANCHES: Kolkata: Anurag Sinha, Regional Head, Mob: 09830043339 / 09051112019 Tel: 033-24537708. Fax: 033-24380719 Email: anurag@newmediacomm.biz Subhajit Bhattacharya, Special Correspondent Mob: 098313 39429 P. Maitra

M.P's Mantra for Reaching out to the Poor‌

Thrust on Inclusive Growth

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US Midwest Buckeye State: Great Place for Fun & Play

Boeing Poised to Deliver Four 787 Dreamliners to Air India in 2012

Meet on 'IndiaA Bridge between the Old & New Worlds'

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Editorial Dear Reader, Greetings. As part of India's on-going economic reforms in key sectors, the Government has opened up port infrastructure to private and foreign investment. It has also announced a Maritime Agenda, which provides for upgradation and expansion of existing ports as well as development of new ones on a Public-Private-Partnership basis, involving state-of-the–art technology. Eyeing a great opportunity for its corporate giants in the port sector, the United States Government has recently sent the first-ever Port and Maritime Technologies Trade Mission from that country to India, led by US Under Secretary of Commerce for International Trade Fransisco Sanchez, to explore possibilities of setting up joint ventures in the key area in this country.

The cover story of the current issue of Indo-US Business highlights the US Trade Mission's objectives and achievements. In the last couple of years, India and the US, the world's largest and most powerful democracies respectively, have been in constant dialogue on strategic issues concerning both the countries as well as the world at large. The focus section of the magazine details the joint statement, issued in Washington recently by US Secretary of State Hillary Clinton and India's External Affairs Minister S.M. Krishna, at the end of the 3rd US-India Strategic Dialogue, which aims to further forge relations between the two countries. The 3rd Summit for US-India Trade & Economics (SUITE) 2012 held in Fairfax, Virginia, in which heads of top corporate companies from the US and India participated, laid emphasis on high technology, energy and SME sectors for collaborative efforts between the two countries. Jimmy Delshad, former Mayor of Beverly Hills, spells out his formula for a 'Smart City' in an interview with Indo-US Business magazine. We present a special section on Madhya Pradesh, whose initiatives to promote inclusive growth has economically benefitted the poorest of the poor in the central Indian State. In the tourism section we have projected the Midwest Buckeye State of the US as one of the most fascinating places where kids and adults have both play and fun together.

The magazine carries separate reports on the key sectors of aviation, energy, healthcare, hospitality and lifestyle, involving US and Indian companies. The magazine presents a detailed account of the activities of the various chapters of Indo-American Chamber of Commerce (IACC), spread across the country.

Besides all this fare, the magazine offers its regular features, including plenty of news. happy Wish you u happ py reading

Satya Swaroop Managing Editor satya@newmediacomm.biz

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Message Dear Member, The increased interaction between India and the US, evidenced by the visits of US Secretary of Commerce, John Bryson followed by US Secretary of State Hillary Clinton and Defence Secretary Leon Panetta, reflect India's growing importance on the, world stage.

In order to further strengthen and expand this cooperation, the India- US Strategic Dialogue initiated in 2009 has identified five principal areas - Energy & Climate Change; Education & Development; Trade & Agriculture; Science & Technology; Health & Innovation. India's Minister of External Affairs S.M. Krishna along with delegates participated in third annual US-India Strategic Dialogue. Details & factsheets from recent meetings held in Washington DC are available on our website www.iaccindia.com under factsheets section.

One of the key areas being Education & Development, the first ever India-US Higher Education Summit which was held in Washington last October, defined a strategic vision for the future of the US-India Higher education partnership. US is a preferred destination for Indian students to pursue advanced degrees and nearly 104,000 students from India are benefiting from the higher education system in US. With the newly launched 'Passport to India' initiative by the US State Department, we can expect more American students coming to India in the future for higher education. With the enriching economic engagement between India & US, we will continue to expand in such exchanges between both the countries. There are immense opportunities for developing newer links in the areas of education, research & innovation as also technology & skill development.

In order to facilitate collaborations between educational institutions, exchange programmes involving students, faculty and researchers from both India and the US and also to encourage private participation in the education sector, the Indo American Chamber of Commerce initiated the lndo-US Education Forum. IACC took its 2nd Delegation of 14 Indian Higher Education Institutes to Texas, Florida, North Carolina, Washington D.C. & Virgina from May 28th to June 8th 2012.

During the visit of US Commerce Secretary - John Bryson IACC organized a roundtable in New Delhi with focus of the discussion on the Growth in Emerging Metropolitan Sectors (GEMS) & Infrastructure. The Delegation of 16 US companies participated in meetings with Indian firms in an effort to promote their technologies and services in the Indian Market.

India is one of the world's fastest -growing economies and is a priority market under the Select USA initiative. In Mumbai, Bryson spoke about investment opportunities in US and the tools offered by SelectUSA to facilitate that investment. Secretary Bryson appreciated that IACC does critical work in fostering partnerships & success among both US & Indian businesses.

I would also like to take this opportunity in welcoming US Ambassador to India Ms. Nancy Powell who has already visited Mumbai Chennai and some other cities. IACC had the honor of having an excellent meeting in Chennai and looks forward to her forthcoming visits to Bangalore and Varanasi.

We have a series of high profile events coming up, and I encourage your participation and support.

Thank You.

Anand Desai National President, IACC

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Focus 3rd US-India Strategic Dialogue Further Forges Economic Ties

India and the United States, the world's largest and strongest democracies respectively, have been in constant dialogue to improve their strategic relations over the last two years. The Third US-India Strategic Dialogue was held in Washington, DC, on 13 June 2012, in which respective teams led by US Secretary of State Hillary Rodham Clinton and India's Minister of External Affairs S.M. Krishna participated. During the annual meeting, the two leaders reflected on the remarkable expansion and growth of the bilateral relations since the inaugural Strategic Dialogue in 2010.

A joint statement issued at the successful conclusion of the dialogue aims to further broaden and deepen the global strategic partnership between the two countries and provide a vision for the future, centered on

promoting shared prosperity, peace, and stability.

On the margins of the Third Strategic Dialogue, an unprecedented number of sub-dialogues have taken place, including the Global Issues Forum, S &T Joint Commission Meeting, the Counterterrorism Joint Working Group, the Higher Education Dialogue, cochaired by Secretary Clinton and Human Resource Development Minister Kapil Sibal, Cyber Consultations, the Information and Communications Technology Working Group, the Women's Empowerment Dialogue, Homeland Security Consultations and other events. In addition, US Defense Secretary Leon Panetta visited India on 5 and 6 June 2012.

Recognizing that the India-U.S. relationship draws its

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Focus

strength and dynamism from shared values, the breadth and diversity of the engagement and growing links between the people of the two countries, leaders of both countries have placed promotion of closer ties between the people, private collaborations, and public-private partnerships at the center of the Strategic Dialogue.

Secretary Clinton and Minister Krishna affirmed the importance of maritime security, unimpeded commerce, and freedom of navigation, in accordance with international law, and the peaceful settlement of maritime disputes. The two sides agreed to continue to consult closely on key global issues, including bilateral exchanges and information sharing in areas such as counternarcotics, countering piracy, maritime safety, and humanitarian assistance/disaster relief. Determined to curb the problem of piracy off the coast of Somalia, both governments planned to improve coordination of their anti-piracy efforts. They also planned to cooperate in addressing the problem of hostage-taking by pirates.

The two leaders stressed the importance of sustained international commitment to Afghanistan. They intend to explore opportunities to work together to promote Afghanistan's development, including in areas such as agriculture, mining, energy, capacity building and infrastructure.

Secretary Clinton welcomed India's hosting of the Delhi Summit on Investment in Afghanistan on June 28 in New Delhi. The two leaders reiterated that success in Afghanistan and regional and global security require elimination of safe havens and infrastructure for terrorism and violent extremism in Afghanistan and Pakistan.

Secretary Clinton and Minister Krishna expressed satisfaction with the progress in defense relations. The two leaders noted that Government of India has awarded defense contracts worth $9 billion in recent years to U.S. companies. Reflecting the United States' support for India's continued military modernization, both sides reaffirmed their desire to strengthen defense cooperation through increased technology transfer, collaborative joint research and development, and co-production of defense items.

Progress on N-Energy Front The two sides welcomed progress towards the full implementation of the historic Civil Nuclear Initiative including the Memorandum of Understanding signed between Westinghouse and the Nuclear Power Corporation of India (NPCIL) committing both sides to negotiate an Early Works Agreement for the preliminary licensing and site development work associated with construction of the new Westinghouse reactors in Gujarat state, and the ongoing progress between General Electric-Hitachi and NPCIL on their Memorandum of Understanding.

The two governments also plan to exchange visits across the full range of homeland security issues to address port and border issues, transportation, illicit finance and counterfeit currency, cyber crime, megacity policing, and capacity building.

Secretary Clinton and Minister Krishna welcomed the decision by India's Ministry of Human Resource Development to set up a Center of Excellence in Cyber Security and the dialogue between leading Indian and

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Focus U.S. universities to enter into cooperation in the proposed Center.

Energy Secretary Clinton and Minister Krishna welcomed the progress in India-U.S. cooperation in the energy sector, including in the areas of clean and renewable energy and energy conservation and efficiency.

They noted that the Partnership to Advance Clean Energy (PACE), launched by President Obama and Prime Minister Singh in November 2009, has mobilized more than $1.7 billion dollars towards a wide range of clean energy projects. They expressed appreciation for the efforts of several US agencies to support development and deployment of clean energy projects. They confirmed that both countries would continue to exchange best practices on low-carbon growth strategies to support a greener and more prosperous future.

They welcomed the selection of three public-private consortia for funding under the U.S.-India Joint Clean Energy R&D Center, announced by Prime Minister Dr. Manmohan Singh and President Obama in November 2010, with annual commitment of $5 million each from the two governments and matching private contributions from the winning consortia, to promote research and development in the areas of advanced biofuels, solar energy, and energy efficiency in buildings.

They also welcomed the new five-year, $20 million technical assistance partnership between USAID and the Indian Ministry of Power and the Indian Ministry of New and Renewable Energy to accelerate the scale-up of clean energy technologies.

They welcomed the productive discussions between India and the United States on energy security in May 2012 and planned to continue this conversation, through the Energy Dialogue and other appropriate forums. The two sides also agreed to continue exchanges on assessment of shale and other unconventional gas

resource potential in India and on hydrocarbon potential in the Indian Ocean and other regions, and its impact on global energy security. Recognizing the importance of natural gas as a bridge fuel to a clean energy future, the United States reiterated its support as India seeks to secure stable supplies of natural gas. Minister Krishna stressed India's interest in import of LNG from the U.S. and requested the U.S. Government to permit such exports to India.

Trade & Agriculture Secretary Clinton and Minister Krishna noted that bilateral trade in goods and services continues to grow and will likely reach $100 billion by the end of 2012. They lauded the launch of the first Infrastructure Debt Fund in India, with a corpus of $2 billion, through the participation of Indian and U.S. financial institutions and welcomed the March 2012 visit to India by US Commerce Secretary John Bryson with a private sector delegation of infrastructure companies as important steps to strengthen bilateral trade and investment in India's planned investment of $1 trillion in its infrastructure sector.

The two leaders recognized that steps should be taken promote greater bilateral trade and investment flows, including facilitating greater movement of professionals, investors and business travelers, and encouraging research and innovation that further strengthen economic partnership between the two countries.

Bilateral Investment Treaty Secretary Clinton and Minister Krishna called for an expeditious conclusion to negotiations toward a high standard Bilateral Investment Treaty (BIT) as a key part of the effort to deepen the economic relationship, improve investor confidence, and support economic growth in both countries. They welcomed consultations by experts from both governments on manufacturing best practices and policy.

The two leaders reiterated their governments efforts to foster cooperation in research, development and innovation in agriculture, especially on agricultural productivity,

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Focus envisaged in the Agricultural Dialogue. They welcomed the recent agreements between agricultural universities in India and U.S. universities for agricultural research, and the proposed collaboration to create a Regional Center of Excellence at the National Institute of Plant Health Management in Hyderabad.

Secretary Clinton welcomed Minister Krishna's proposal for a “Conversation between Cities” later this year to discuss urban challenges and their solutions in the 21st century and to foster greater economic ties, understanding and friendship between the people of the two countries.

Science & Technology, Health & Innovation Secretary Clinton and Minister Krishna reviewed the outcomes of the second Science and Technology Joint Commission Meeting, held on June 11, which covered bilateral research cooperation on basic and applied sciences, atmospheric, environment and earth sciences, health and medical services, STEM education, facilitating technology commercialization for societal impact and retention and advancement of women in science and engineering. They applauded the first award of grants by the U.S.-India Science and Technology Endowment Board for entrepreneurial projects that commercialize technologies to improve health and empower citizens, which include a partnership to create a cold-chain storage solution to keep farmers' produce fresh. They noted the ongoing activities of U.S.-India Science & Technology Forum, now in its eleventh year, which have brought together 11,000 Indian and U.S. scientists and technologists.

Vaccine Action Programme Secretary Clinton and Minister Krishna lauded the completion of 25 years of the Vaccine Action Programme, a collaborative research venture between the two countries; welcomed the establishment of the Global Disease Detection India Center, announced by Prime Minister Dr. Singh and President Obama in November 2010; the proposed collaboration between the Department of Biotechnology of India and the U.S. Department of Health and Human Services on stem cell regenerative medicine research; and collaboration between the U.S. Department of Health and Human Services and Indian Ministry of Health and Family Welfare on Diabetes Research. These are part of the wideranging collaboration between the two countries in the health sector.

The Secretary and Minister appreciated the December

announcement of the USAID and Federation of Indian Chambers of Commerce and Industry (FICCI) partnership to establish the Millennium Alliance, an innovative development concept to leverage Indian creativity, expertise, and resources to support solutions to benefit vulnerable populations across India and around the world.

The two sides plan to hold an Innovation Roundtable on development challenges and solutions in New Delhi in the later part of 2012. The last roundtable was held in September 2010.

People to People Ties Secretary Clinton welcomed Government of India's plans to open a Cultural Center in Washington, DC, noting the powerful U.S.-India connections provided by the nearly three million Indian-Americans in the United States, as well as the more than 100,000 Indian students studying in U.S. universities.

The United States announced the launch of a new online philanthropy platform, a natural extension of the deep and vibrant people-to-people ties between the United States and India, providing private donors in the United States with information to help make decisions about contributing to NGOs in India more effectively (IndiaGivingNetwork.org ).

They also appreciated the establishment of the “Indian Ministry of Culture Vivekananda Chair” at the University of Chicago and an agreement signed between the Ministry of Culture and the Art Institute of Chicago for the “Vivekananda Memorial Program for Museum Excellence” for upgrading the skills of Museum Professionals of India as part of commemoration of the 150th birth anniversary of Swami Vivekananda.

The next meeting of the Strategic Dialogue is planned in New Delhi in 2013. +

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Cover Story India's Maritime Infrastructure Development

US Firms Keen to Offer Products & Services US Under Secretary of Commerce for International Trade Francisco J. S谩nchez was in India recently, heading a business delegation. Sanchez took time off during his tight schedule to share some of his thoughts with Veerendra Bhargava of Indo-US Business, touching upon various issues ranging from infrastructure development and maritime technology transfer to increasing bilateral trade and two-way investment between India and the United States.

Excerpts.

You are heading the first-ever Port and Maritime Technologies Trade Mission to India with a team of 12 US leading companies. What is your overall agenda considering the fact that India offers huge potential in port and maritime infrastructure?

We recognize the growing importance of India as a market and as part of that market, we also recognize that infrastructure development is critical. India has a lot of requirements in this sector. India absolutely needs to work on its infrastructure if it is to meet the demands that will be placed upon its economy. So, we believe that US companies in this area have a lot to offer.

And this being the first-ever trade mission we have taken to India in this sector. It won't be our last cause and we have a lot of very able companies that provide services and products in this phase. So my goal is to

match up some of the areas the best companies in the port and maritime sectors with business interests here that are focused on developing maritime infrastructure.

Since you have already visited Gujarat and the mission has zeroed on some specific deal. What more are you offering to other places that you are planning to visit in India?

Our delegation has a role with a wide variety of participants. We have two ports represented, the Port of Baltimore and the Port of San Diego.

We have dredging equipment companies as well as those that provide dredging services. We have technology companies that provide everything from cargo tracking to security. So there is a wide variety and my view is that all of these companies have products and services that can be useful to the infrastructure development here throughout the coastal part of India.

Is there any specific maritime technology transfer deal that you are looking at? Because, there are many Indian companies that have developed technologies for tracking. Is there any specific INDO -US BUSINESS

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Cover Story technology you are keen to sell in India?

My job is less about doing a specific deal and more about providing the space for American companies to meet their counterparts or interested business people to do deals. So I am not looking for specific deals and technology transfer. My hope is that there are a lot of deals that will get done as a result of this trade mission.

You are an architect of the Obama administration of export initiatives. What are the areas of mutual benefit that you see in the vast Indian market that needs high technology?

I am particularly interested and fascinated by the growth of your urban sectors. In the next 20 years, India will have approximately 68-69 cities with a population of a million or more. Each one of those urban centers will have needs and power generation in waste-water treatment and smart grid technology in traffic flow technology in education and health care and I am especially interested in getting American companies to these developing urban centers. So they can offer their products and services and be a part of the growth and development and in the improvement of the quality of life in those urban centers.

Is there any significant development that has taken place in the area of clean energy which you mentioned about in your last visit?

I think it is clear that India's energy needs are going to continue to grow and that India like much our own country is going to have a diversified grouping of energy sources and so, in that there is an opportunity for American know-how to contribute to your energy strategy. I think wind and solar are areas where we can participate and add value and to that end I brought a trade mission here last fall which focused on renewable energy and we will continue to focus on that sector in the future.

You are a strong believer in boosting private businesses that could help create millions of jobs both in the US and in India through joint ventures.

Are there any US policy initiatives in this regard?

There are policy initiatives to attract investments in the US. One of the policy initiatives is a program that my bureau oversees which is called 'Select USA' and we particularly help international companies that want to invest in the United States and we hope that Indian companies will take advantage of this service and allow us to help them make investments in our country.

Couple of years back you talked about the US-India partnership initiative in the growth of the emerging metropolitan sector. Has there been any follow-up in this regard?

To some degree in the last two missions I have taken, have included stops in what we would call geographically emerging metropolitan sectors referred to as 'next year cities'. So we are going to continue to focus on those 'next year cities', this is what I have mentioned earlier that India has 68-69 cities; in the next 20 years these will have a million or more population. So, as we continue to bring in American companies here, we are not only going to come to New Delhi or Mumbai, but we will also go to some of these other emerging metropolitan cities as well.

US and India are strategic partners in the 21st century. What further initiatives are you expecting to be introduced jointly in the near future to extend bilateral trade ties to enhance trade and commerce between the two countries?

From the government and the private sector perspectives, I co-chair the commercial dialogue here and through the commercial dialogue we are going to look for ways to develop areas of mutual interest. Recently I met with Indian Commerce Secretary Khullar and we looked at ways to co-operate in the cold-chain supply. Another interesting venue is the US-India CEO Forum that seeks to identify areas where both governments can work together to reduce barriers and facilitate more trade and investment. And I think both of these venues will continue to work very hard to strengthen our commercial ties to reduce barriers and to encourage two-way trade and facilitate investment.

What message you would like to give to our readers?

I would have two messages: One is that America is open for business and we encourage Indian companies to look at our market as a place to invest. We welcome Indian investments. And two, we believe that it is both in the US and India's interests to foster two-way trade and we will continue to look for opportunities to increase twoway trade. +

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Interview How to make a

Smart City How did you enter into politics?

Before going to politics I was working as president and chairman, with numerous well known non profitable organizations from schools to hospitals to synagogues (Saini temple). Basically, I was an active community man. I was involved and more interested in to community welfare. People came to me and suggested to join politics. I was not scared as I always engaged myself in doing good. They also suggested me to become Mayor. I liked the idea. Then I took a year off and kept all my work aside and studied everything knowing about the Beverly Hills from book, the history of the city the rules, regulations, specifically the strengths and weaknesses of the city. My friends informed me that I was nominated as Mayor of the Beverly Hills. It was a challenge to me.

How did you land in Beverly Hills?

Jimmy Delshad has the distinction of being the first Iranian-American to hold public office in Beverly Hills, in the state of California. He became Mayor of Beverly Hills on March 21, 2007 and again on March 16, 2010. An award winning entrepreneur and community leader, Delshad is an expert speaker on “Storage technology”.

Delshad was recently in conversation with Satya Swaroop, Managing Editor of New Media, at Mumbai, in which he shared his views, thoughts and vision for a “Smart City”. Excerpts.

I was doing a lot of driving for my business to Santiago, Los Angles and Beverly Hills. It was a dream comes true when I bought a house at Beverly Hills. I was attracted to Beverly Hills as it was known to me that it has best school system, best fire system and the best police department.

My work won me for me the special visa for the city, then to resident to the citizen of the city.

Tell us how you copes with the challenge?

I am a technologist and entrepreneur and I created some business models that have revolutionized the entire business process of America.

I am interested in promoting good. Beverly Hills has a population of 50 thousand in night and over three hundred thousand in day time. It was a challenge for me.

What initiative did you take to make Beverly Hills a “Smart City”?

I initiated some ideas to translate Beverly Hills into a “Smart City”. By “Smart City” I mean to ensure no terrorism. I implemented highest technological ideas to make the city safe for visitors and the residents and, to make the city friendly and acceptable to live with good feelings.

The crime rate is also very low in the city. We are about 3 to 4 minutes of response to a call.

Could you suggest something for mayor’s of our Indian cities?

You need to focus on my concept and ideas to become a smarter city.

The only way to implement an idea is to make a committee or a commission for the purpose. The whole job of the existence of such commission or the committee to ensure the smart city. + INDO -US BUSINESS

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Event SUITE 2012: Focus on Tech, Energy & SME Sectors The 3rd Summit for US-India Trade & Economics (SUITE) 2012 was held on 23 - 24 May 2012 in Fairfax, Virginia. Around 100 representatives including delegates from India and the US, speakers and invitees attended the two-day Summit. There were 32 speakers from the US and three from India, who made excellent presentations focusing on their individual sectors.

The Summit provided a perfect platform for the delegates to interact with the high profile dignitaries besides senior representatives from corporate organizations such as HCL, Headstrong – A Genpact Company, Citibank, Tata Communications, DLA Piper, Williams Mullen, Raytheon Company, Green Brilliance, JP Morgan Chase Bank and more based in the US.

(L-R): Dr. Gerald Gordon, President & CEO, Fairfax County Economic Development Authority (FCEDA); Ms. Sharon Bulova, Chairman of the Board of Supervisors, Fairfax County; Hon’ble Ambassador Shri. Arun Singh, Dy.Chief of Mission, Embassy of India; Mr. R. K. Chopra, SecretaryGeneral, IACC; Mr. Anand Desai, President, IACC; Mr. Jim Cheng, Secretary of Commerce and Trade, Commonwealth of Virginia

The event was supported by Fairfax County Economic Development Authority, Fairfax County Chamber of Commerce, India-US World Affairs Institute, TiE DC. Headstrong – a Genpact Company was the Gold sponsor. Tata Communications, Williams Mullen and DLA Piper were Session sponsors. The event was well covered by the media, including The Wall Street Journal, The Telegraph, Business Wire, Pravasi-Herald, India America Today, India Mart SME News, SARKARITEL.COM News, SME Times, PluzMedia.com, Indo-Asian News Service and TAAZA.com. TIMESNOW USA was the media partner, which publicized and promoted the event for two weeks prior to the event.

The event brought out the scope of further Indo-US collaborations focusing on potential areas of mutual interest and facilitating matchmaking sessions between companies of the two countries especially from sectors such as legal, aerospace & defense, homeland security, telecom, IT technology, energy –

Hon’ble Ambassador Shri. Arun Singh, Deputy Chief of Mission, Embassy of India, Washington D.C delivering the Keynote address during the inauguration

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Event nuclear, solar, renewable and wind.

The SME Session focused on the Mergers & Acquisitions, challenges and opportunities including financial solutions for the exporters in the US to India and session on 'The USA: A Great Return on Investment (ROI) for Indian Companies.’

Eminent speakers from both government and the private sector organizations with rich content and interactive sessions with the participants, the overall organization and the press coverage made the Summit a grand success. The participants benefited from its incisive discussions and excellent networking opportunities.

(L-R) : Mr. Sandeep Sahai, CEO, Headstrong and Global Leader of IT, Genpact; Mr. James D. Duffey, Jr., Secretary of Technology, Commonwealth of Virginia and Dr. Shami Khorana, President, HCL America during the Technology Session

Technology: The session was focused on 'Indian Technology Landscape and Inshore Staffing.' Sandeep Sahai, CEO, Headstrong and Global Leader of IT, Genpact discussed the issue of inshore staffing, a partnership model for growth and said that offshore succeeded because of the big change in technology that allowed access from around the world and a new workforce was enabled by technology.

He said by 2013 supercomputers will be powerful enough to effectively replicate the function of a human brain and megatrends are going to fundamentally transform every business and fundamentally alter the market for services.

James D. Duffey, Jr., Secretary of Technology, Commonwealth of Virginia spoke about Virginia as a technology business partner. He further said that technology is one of VA's strongest economic engines. Virginia is a technology state and a technology hub. It has a strong and robust tech industry that spans numerous sectors. Over 50 percent of the Internet traffic in the US flows through the commonwealth, said Duffey in his address during the technology session.

Dr. Shami Khorana, President, HCL America, spoke about the 'Indian Technology Landscape.' Dr. Khorana said that 2012 has been a milestone year for the Indian IT-BPO industry with aggregate revenues crossing the $100 billion mark, exports at $69 billion.

Consolidated and Managed Services, Front Office Focus, Being End to End and

(L-R) Mr. Jim Cheng, Secretary of Commerce & Trade, Commonwealth of Virginia; Hon’ble Ambassador Shri. Arun Singh, Deputy Chief of Mission, Embassy of India, Washington D.C & Mr. Anand Desai, National President, IACC

Mr. Vinay Kwatra, Minister of Commerce, Embassy of India-US addressing the audience

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Event Outsourcing of 'CORE' Services are the major trends that shape the mature markets, said Dr. Khorana.

Energy Session – The focus of the session was on nuclear, solar, wind and renewable energy segments. India is poised to be Asia's largest market, to add up to 40 GW of renewable by 2022 and US solar projected to be world's largest growing market by 2015.

India has sparked a powerful solar market in less than two years and provided massive employment, creating huge investment opportunities, said Sumit Bhatnagar, Managing Partner, GreenBrilliance USA.

Mr. R. K. Chopra speaking during the inauguration.

To meet 100 percent future energy needs of India by 2050, a strategic development plan for renewable energy solutions for India has to be built and provided. Favorable policies have to be formulated for renewable energy development. There is also the need to develop large scale solar manufacturing in India and turning the country into a global solar manufacturing hub, said Darshan Goswami, Project Manager, US Department of Energy.

The session also deliberated on markets for wind power and the business models and challenges in India and the US. In India, there is some social resistance in Maharashtra alleging reduced rain because of blocking of wind, grid for power evacuation at potential sites whereas in the US, aesthetic issues and noise level are of serious concerns. Also, grid network has some problems because of too many potential sites. India, because of inherited British legal frame work, there are issues of right of way, distribution licensee, ownerships of facilities by state governments.

Mr. Anand Desai delivering the inaugural speech.

Networking Luncheon in Progress during SUITE 2012.

Small & Medium Enterprise (SME) Session – The new global business environment has huge new markets, new global players from emerging markets, new competitive phenomena and business models. The new huge markets are the 3.5 billion consumers in emerging and developing world. There is a huge opportunity for American firms to leverage emerging markets for competitive advantage said the Indian speaker, Dr. Vinod Jain, President & CEO, India-US World Affairs Institute Inc., US. He further said that, “Large and small

Indian delegation at the Disaster Management Center, Fairfax County

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Event companies can make significant profits by selling to the Bottom of Pyramid (BoP).” Jain presented some of the recent India's outbound & inbound Mergers & Acquisitions (M&A): • Azim Premji seeks more than $1 billion in acquisitions • The Ajay Piramal-led Piramal Healthcare Ltd has agreed to acquire US-based health information company Decision Resources Group (DRG) for $635 million (Rs. 3,400 crore), marking its entry into the $5.7 billion global healthcare database and consulting services industry.

• Sahara makes $600 million bid for NY Plaza • Tata Communications gears up for Cable & Wireless Worldwide bid battle • Dr. Reddy's buys Glaxo's US penicillin business • Crompton Greaves bids for Emerson Electric's Transformers Division • India's Inbound Mergers & Acquisitions (M&A) • 2011: The year of acquisitions of Indian companies • United Technologies revenue to touch $2.5 bn with two Chennai acquisitions • Walt Disney acquires controlling stake in UTV • Omnicom Group acquires a majority stake in Anil Ambani-controlled Mudra Group • Abbott Laboratories buys Piramal Healthcare Vinay Kwatra, Minister of Commerce, Embassy of India in the US in his welcome speech provided valuable insights on IndoUS bilateral trade and opportunities for Indian businesses. During his address, Kwatra said, there are trading opportunities in merchandise goods such as precious stones, textiles and apparel, chemicals, engineering products, machinery and electrical machinery and handicrafts and products of small and medium Industry.

Kwatra also focused on the specific opportunity in business, professional and technical services in the field of computers and data processing, database and other information, management, consulting and

The Fairfax County Economic Development Authority (FCEDA) hosted a luncheon networking meeting for the IACC delegation on May 25, 2012 with the Indian-American Business Community, who have successfully invested and created jobs in Fairfax County.

(Center) Mr. Anand Desai, with the office bearers of Fairfax County Economic Development Authority

Public Relations, Research & Development, and testing services, Operational leasing, advertising, construction, architectural, and engineering, industrial engineering, installation, maintenance, and repair of equipment and legal services. The key domains of technology, investment and process linkages are energy (solar), healthcare (advanced diagnostics; bio-tech; clinical trials; medical devices; health IT), agriculture (R&D), engineering (research and design); technology and in some cases brands, services sector (processes; product development) and service delivery processes.

The delegation from the Indo-American Chamber of Commerce (IACC) had the opportunity to meet the officials from the Indian Embassy and US Patent & Trademark Office (USPTO) in Washington DC. The Fairfax County Economic Development Authority (FCEDA) hosted a luncheon networking meeting for the IACC delegation on 25 May 2012 with the Indian-American business community, who have successfully invested and created jobs in Fairfax County. +

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Madhya Pradesh M.P's Mantra for Reaching out to the Poor‌

Thrust on Inclusive Growth India's central state of Madhya Pradesh has rightly placed its thrust on rural development in order to achieve inclusive growth, ensuring that economic benefits reach the poorest of the poor across the state.

Financial inclusion assumes significance in a state that is mineral and resource-rich and has a large rural and tribal population, the bulk of which is poor and underprivileged. The State Government, under the leadership of Chief Minister Shivraj Singh Chouhan, has developed a model for financial inclusion for the poor, which has been appreciated by the Reserve Bank of India and adopted as a role model for the country by the Central Government.

The Madhya Pradesh Government has made vital efforts for accountable and strengthened the three-tier Panchayat Raj system. Facilities like banking, pucca roads, and use of information technology have provided a new dimension to development process in the State. Many States are following the various welfare schemes of Madhya Pradesh.

The State Government is continuously making efforts for strengthening rural economy and comprehensive development of rural areas. Now, the Government has initiated direct funds transfer to Gram Panchayats under various welfare programmes and schemes. The State Government has launched the e-Panchayat schemes to provide advantages of Information Technology to rural communities. Banking and post offices services are rapidly reaching to remote rural areas. Banking services are approaching every 5 km, area. Ultra small bank, post office, bank kiosk, and business corresponded facilities are easily available to village dwellers. These rapid financial services are playing a very important role in providing benefits of various welfare schemes to rural communitis Grants of various beneficiary schemes like Nirashrita Pension Scheme, grant for promoting girl child birth through Ladli Lakshmi Yojana are now directly deposited in beneficiary's bank accounts.

Shivraj Singh Chouhan, Chief Minister, The Government of Madhya Pradesh

Faces of thousands of villages in the State of Madhya Pradesh are now changing.

Facilities like concrete roads and drinking water available, Banks, post offices are now leading the change in life style of village dwellers. Means of employment have definitely increased in rural areas and consequently the economic status of the poor communities has improved. Now that e-Panchayat has been launched, enabling all the villages to enjoy the various facilities through this global platform.

Gopal Bhargava, Minister for Panchayat & Rural Development and Social Justice, The Government of Madhya Pradesh

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Madhya Pradesh M.P. Develops a Role Model for Financial Inclusion to Help Poor At the outset, please provide an overview of the functioning and operations of the Ministry of Social Justice, Panchayat and Rural Development. What are your tasks, objectives and how are you going about in achieving the targets and the time frame set for them?

The prime objective of the Ministry of Panchayati Raj is to strength the local self government at the village level. The Ministry not only invests in capacity building of elected representative and office bearers but also equips them to take up the development works like construction of cement, concrete roads, buildings and awareness building among villagers.

The Rural Development Department by using participative methods enables infrastructure development and livelihood to enhance the income levels and living standards of villages

The Government of Madhya Pradesh (M.P) has developed an ideal financial inclusion model that is lauded by the Reserve Bank of India (RBI) and adopted by the Central Government as a role model for the country to pursue the larger goal of rural development. In an interview to Veerendra Bhargava, the state's Additional Chief Secretary, Social Justice and Pa n c h a y a t & Ru r a l Development Aruna Sharma talks about various schemes that empowers the rural population in the state.

Excerpts.

The Social Justice Department looks after the identification and disbursement of pension and other benefits to aged, disabled and other vulnerable people in both urban and rural areas.

Explain the concept of financial inclusion and which sections of society and the total population have been covered under it in Madhya Pradesh?

Financial Inclusion as defined in Madhya Pradesh is a paradigm shift of the national norm. The national norm has set the population as the unit i.e. 2000 for establishment of point of financial dispensation. In Madhya Pradesh, real financial inclusion is possible only when we have a mechanism of 'gaining access' than just 'having access'. Thus the norm is that within 5km radius there should be point of financial dispensation. The entire state with its 53,000 villages is mapped and 4000 such new points are identified to provide mechanism for financial dispensation. Madhya Pradesh has further defined that financial dispensing is not just restricted to disbursement of wages or pension but also encourages financial literacy. Once achieved, the next step will be to link with pension scheme for the unorganized sector. Thus, 14,742 more villages will have this facility No doubt that guaranteeing employment through MGNREGS and quick disbursal of wages through the above model provide relief to millions of manual workers and their families. How do you define and differentiate manual work among farmers, tribal and village artisans before bringing them into financial inclusion?

Each adult member has a bank account, thus with mechanism for

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Madhya Pradesh 'gaining access' all cash benefits from the Government to the individual will directly go to their accounts. This will reduce the delays and corruption. Besides, we are also in the process of providing internet connectivity to each of the Panchayat (lowest unit of administration: a group of 4-5 villages with average population of 3,000) would enable core banking facilities. Thus, it cuts across among all the population by bringing equity with technological intervention.

Financial inclusion empowers all the sections of society hitherto neglected. Can you identify these sections? Do you have separate schemes other than MGNREGS to help them?

Definitely, we not just guarantee wage employment through MGNREGS but we have livelihood scheme for skill development both land based and non-farm based to enable villages to get placements, engage in selfemployment by becoming production centers or distributors. Hindustan Liver have made 189 Self Help Groups as distributors for their products. Besides we have a producers' company that takes up seed development, etc.

Empowerment of women constitutes a major plank of rural development. Is any scheme being developed or implemented in this regard?

Nearly 50 percent of Panchayat functionaries are women, besides the entire mid-day meal programme in Madhya Pradesh is managed by Self-Help Groups of women. They actively participate in livelihood projects and awareness building in villages.

The universally acclaimed and adoptable concept of “Grameen Bank”, developed by Nobel Laureate Prof. Mohammad Yunus of Bangladesh has inspired many nations and helped lift millions of people out of poverty. Can this concept be implemented at every village level in M.P? Can grass-root cooperatives cooperative banks carry out this task?

The Self-help group model is adopted in the State however Producer Company model seem to be more effective.

Micro and small enterprises play a crucial role in furthering the objective of achieving equitable and inclusive growth, especially in the rural areas.

Please tell us what the M.P Government is doing in this regard.

Under livelihood, reverse engineering is done i.e. the marketer trains and establishes production centers.

Madhya Pradesh is blessed with immense forest wealth. How best the riches of the M.P forests be turned into instruments of inclusive growth by brining into its fold, millions of tribal people through financial inclusion?

Madhya Pradesh has been a pioneer in establishing the minor forest produce society and has successfully ousted the traders. The society participates in decision making and has share in profits.

Primary health and primary education are among the pillars of rural development and employment at the village level make them affordable. Can MGNREGS ensure it? If not, what other schemes does your government have?

Government is very conscious on the issue of health and therefore have schemes to ensure Rs30,000/- inpatient health care per family that are poor. The extension staff of health is in every village with incentive schemes for transport, wage compensation during deliveries.

Any information you would like to add…

The present Government of Madhya Pradesh with Shivraj Singh Chowhan as the Chief Minister, besides focusing on growth has emphasized on connectivity to each village i.e. connectivity by having cement concrete roads within the village with proper drainage, every village being connected by good quality road and providing internet connectivity and financial dispensation connectivity in each village.

Besides, the focus is also on the most vulnerable. There is special programme for girl child since birth to marriage to enable girls to have education and better quality of life. Pension scheme for all vulnerable + including disabled and widows.

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Madhya Pradesh MP Adopts Easy Norms for Wider Financial Inclusion

By Aruna Sharma, Development Commissioner & Additional Chief Secretary, Panchayat and Rural Development Department, Government of Madhya Pradesh

National Rural Employment Guarantee Scheme was notified in 2005 as in effective instrument of providing guaranteed livelihood (work) to the adult rural unskilled people on application for 100 days in a financial year for manual work. In case of failure to provide 100 days work, an unemployment allowance of 录th of minimum wages for 30 days is payable within 15 days to the job seeker.

Initially the scheme was launched in 18 district of Madhya Pradesh in the month of February 2006.

Further the scheme was extended in April 2007 covering 13 districts and finally all 50 districts were covered under the scheme in April 2008. Last year the Govt. of India rechristened the scheme as MGNREGS and the scheme since then has been very popular among the manual job seekers in the rural areas. This is indicative of the fact that there were 1.12 Crore Job Card Holders in the State during the Year 2008-09 which has reached to 1.16 Crore. At present there are 76 lakh accounts in various banks and post offices in the State. The following table is a testimony of the increasing popularity of MGNREGA.

This declining trend in number of man days and general reluctance of the wage seekers towards the scheme led some soul searching among the functionaries of the State Government. After intensive analysis of the causes, one of the weak links for MGNREGA workers and social justice pension payments and scholarship payments etc, has been point of financial dispensation being for off. This delay was attributed to systemic problems coupled with the reluctance on the part of financial institutions engaged in wage disbursement.

Even though there are 2465 banks and 7200 post offices in rural area. However this is not adequate to service all the 23012 gram panchayats having nearly 52,000 villages across the State.

A decision was taken by the ministry of Rural Development in Panchayat Government of M.P. to resurge the banking system by taking the financial institutions on board through the SLBC. The Paradigm shift on financial inclusion has been "Geographical distance instead of Population norm."

Special DLCC meetings were held to map districts based on service area approach by mapping Commercial Banks/ Post offices/Cooperative Financial Year 2008-09 2009-10 2010-11 2011-12 Banks. Distances were marked and all the areas that do not have within 5 K.M. any of the above Total institutions was marked as "Shadow Area". This Expenditure 3551.67 3779.71 3641.79 3417.93 agenda was put up in SLBC and a special SLBC Wage meeting was convened in the State on Disbursement 2156.21 2231.39 2152.82 1933.27 15.07.2011 which was co chaired by Chief Secretary, CMD Central Bank of India. Deputy Governor, Reserve Bank of India was the chief (All Figures in INR Crore) guest. In this meeting it was agreed to built M.P. Model Despite the scheme being very popular among rural of Financial Inclusion in the state based on Service Area workers, there have been steep decline in the total Approach. The Service Area Approach already existed number of man days created in the State. in the State, however, the problem was with Sub Service Area where permanent physical structure Financial of bank in the form of branches was required to Year 2008-09 2009-10 2010-11 2011-12 cover all the villages so that wage disbursement Man days 29.46 26.23 22.04 15.80 becomes timely, easy and smooth with paradigm shift on : (All Figures in INR Crore)

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Madhya Pradesh 1.

Shift from population norm to geographical norm for financial inclusion.

2.

Banks to make payment exclusively in their Service Area i.e. 5 Km. radius and Shadow Area (unbanked villages) to be serviced by service area branch through Mobile Banking, BC, Bio metric ATM, Rural Banking Kiosk.

The Banks have a major role to play in this entire system.

This requires the banks to have better functioning and close coordination at all the levels ranging from SLBC to District level banks and Service Area Banks. As the banks are predominantly located in urban areas hence major planning in managing the Fund Flow and Supply of Cash to the MGNREGS workers/pension beneficiaries, scholarships etc. in rural areas becomes very important. The banks are on CBS platform it is not difficult for the banks to channelizing the funds from State Head Quarter to down the Sub Service Area Branch (SSAB).

Simplified Fund Flow: State Nodal Bank

District Lead Bank

Service Area Bank (SAB)

GP Account in SAB

RRB/KGB/PO Account in SAB

Beneficiaries a/c in RRB/KGB/PO

M.P. Model of Financial Inclusion (Paradigm shift from Population norm to distance ) •

This model combines the best features of financial inclusion. Under Service Area Branch Approach, District Lead Banks will get payment through RTGS/ ECS from State Nodal Bank. Further the service area branches identified in each Tehsil/Block will have account with the district lead bank which will receive funds through RTGS/ ECS immediately thereby curtailing the time taken in Cheque Clearance. The financial institutions (Sub Service Area Bank) like Banks/Post Offices/ KGBs/RRBs etc. will have their respective accounts with the service area bank. The Panchayats coming under each sub service area bank (Banks/Post Offices/

KGBs/RRBs etc) to also have their account with service area branch. As the accounts of Gram Panchayat and SSAB (Banks/Post Offices/ KGBs/RRBs etc) are in same service area branch, the time taken in fund flow and cheque clearance is curtailed immensely and the payments to the beneficiaries is expedited.

•

For convenience and avoiding confusion each sub service area branch (Banks/Post Offices/ KGBs/RRBs etc) to have exclusive domain ranging between 5 Km. radius and it is the sole responsibility of the sub service area branch (Banks/Post Offices/ KGBs/RRBs etc.) to make payment to the beneficiaries falling under 5 Km. radius. Meticulous mapping of villages/ Panchayats has been carried out each 5 Km. cell-wise for each Sub Service Area Branch (SSAB) in respect of all the districts in the State.

The alternatives for the Shadow Area: There are out of 52000 odd villages in Madhya Pradesh nearly 14752 villages coming under such area where there is no bank/ financial institution in the 5 Km. radius.

This area is roughly 28% of the entire state where there is no point of financial dispensation.

These 14752 villages coming in the unbanked area (shadow area) have been meticulously mapped with the nearest financial dispensation point i.e. Bank/Post offices. The Service Area Bank has been mandated to provide wage disbursement and financial inclusion in the respective service area of the concerned bank.

District-wise and bank-wise villages have been identified where the alternative mode of disbursement of wages is to be deployed. The enclosed chart reflects the bankwise and district-wise problem areas for financial inclusion.

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Madhya Pradesh The service area banks have onerous task to reach out to these villages by way of the following modes. i. ii. iii. iv.

Business correspondent model Mobile Banking/ Mobile Post Office.

Installing biometric enabled ATMs in rural areas.

Banking Kiosks in big Panchayats/near working spots.

The present disbursement system is functioning well and the instances of delayed payment have come down heavily. The Mobile Banking through financial inclusion van is doing wonderfully well in the districts like Hoshangabad, Betul etc. whereas the Mobile Post Office is doing very good job in Seoni district and CCB in Anuppur district. Many more such arrangements are increasingly being planned and thought of for the remote and inaccessible areas as the system of new financial dispensation is evolving.

As a step further on approach, now directions have been given by the department of Rural Development and Panchayat Raj, Govt. of MP to have special DLCC from 5th june to 15th June 2012 and earmark Panchayat Headquarters in Shadow Area to open "Ultra Small Banks". State will provide temporary space in Panchayat Bhawan and finally "Ultra Small Banks" will shift to "ePanchayat Room" with internet connectivity and sufficient earmarked space. Each Lead Bank to take responsibility to open these branches by the end of July 2012.

The efforts of Government of Madhya Pradesh in the area of financial inclusion have been lauded by the Reserve Bank of India. The Government of India has also recently adopted "M.P. Model of Financial Inclusion" based on Service Area Approach. +

All-Weather Roads in All Remote Villages by 2013 All the inaccessible villages of Madhya Pradesh will be linked with all-weather roads by the year 2013. All the general category villages having less than 500 population and tribal villages with less than 250 population will be linked by all-weather roads with main roads under Mukhyamantri Gram Sadak Yojna.

Departmental officers have been entrusted responsibility to monitor the scheme constantly and ensure that roads are constructed within stipulated timelimit.

Panchayats & Rural Development Minister Shri Gopal Bhargava informed that now there is no need for MNREGA convergence for completing works

sanctioned in 28 districts in the first phase and 32 districts in the second phase during the year 2010-11.

The State Government has sanctioned additional allocation of Rs. 1542 crore 50 lakh for construction of roads under Mukhyamantri Gram Sadak Yojna.

A target has been set to construct 7575 new roads and 11 thousand 954 bridges and culverts in the state under Mukhyamantri Gram Sadak Yojna. Of these, construction of 3212 roads has started and 957 kilometer long 531 all-weather roads and 535 culverts have been completed. Under the scheme, construction of bridges and culverts of over six meter span will also be undertaken under State Plan Head. Name of the budget head under the scheme has now been changed to Mukhyamantri Gram Sadak Evam Avsanrachna Vikas Yojna. Expenditure for necessary administrative works for running the scheme can be made from State Head.

It may be mentioned that about Rs. 3634 crore will be spent by the year 2013 on construction of road, bridges and culverts under Mukhyamantri Gram Sadak Yojna.

So far, Rs. 108 crore 58 lakh have been spent. Through planned implementation of the scheme, 9109 villages of the state will be linked with all-weather roads. Due to this initiative, benefits of various schemes and programmes will percolate to villages very easily and smoothly. + INDO -US BUSINESS

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Madhya Pradesh A Win-Win Situation for Farmers & Processors

MP Emerges as India's Major Potato Processing Hub Neeraj Mandloi, Commissioner, MG-NREGA, The central Indian state of Madhya Pradesh has in recent years emerged as an ideal destination for processing potato retail hub. It is strategically located in the centre of India – almost equidistant from major metros across the country. The state has a very low population density – 196 per sq km vs 313 of all India. The state also possesses abundant natural resources and minerals such as water, dense forest cover, fertile land, coal, coal bedded methane, lime stone, marble, granite and diamonds.

Madhya Pradesh also enjoys rich bio diversity – 11 out of 18 climatic zones in India pass through the state. Quality professionals and peaceful and productive labour force

is available at lower cost in Madhya Pradesh.

All the above mentioned factors have contributed to the growth of potato cultivation, processing and marketing in Madhya Pradesh. But following are the clear advantages: • •

Scalability in Production for raw material as potato – Convention cropping pattern Favorable polices of the State Government – Contract Farming – Single License of APMC – Farm Gate Buying – Multi crop in small area

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Madhya Pradesh • •

Advantages of agro climatic conditions for potato crops Day and night temperature difference is high (15 to 20°C) –Sugar free –High dry matter –High Phenols –High in Protein

In matters of potato cultivation, Madhya Pradesh has other in-built strengths, besides ideal agro-climatic conditions. Farmers are very progressive in their outlook and their awareness quotient is high. Besides, they are supported by good extension services. Better post harvest infrastructure and amenities, CIPC storage facilities, development of processing Industries and spread of food parks across the country, which are logistically connected to the state have also contributed to the potato success story. Above all the state government's policies have been conducive to potato cultivation to processing and marketing.

• • •

Why Madhya Pradesh The Government of Madhya Pradesh has always framed its policies regarding agriculture and ago-based industries, keeping in view the welfare of the farmers, who are quite progressive and quick to adopt new methods, systems and practices. Following factors have contributed positively to the growth of agro-based industries: •

Potato Quality & Quantity Quality parameters of processing varieties in Malwa region in Madhya Pradesh VARIETY DM (%) K. Chipsona-1 22.3 K. Chipsona-2 22.3 K. Jyoti 19.6 Atlantic/FTL-1533 21.5

INDORE RS* CC 24.8 31.6 44.4 31.0

1.1 1.5 2.5 1.2

UJJAIN *DM RS* (%) 25.6 87.2 25.7 124.6 23.7 168.2 26.8 109.3

CC* 1.1 1.3 3.9 1.3

Reducing sugars mg/100 g FW

– Largest storage capacity of process grade potato Farmers are aware of quality parameters – Adapted to agri practices for quality results Time bound production pattern followed by farmers – Early, main, long storage crops Maximum no. of process grade cold storages in the country in Malwa region (700,000 tons)

Pro-Active Approaches – Single window clearance – Un interrupted Power Supply – Transport Subsidy Export – Food Processing Policy – Food Parks – State Government Incentive – Agri Business meets – Pro-active Fallow up By Department – Land Availability

However. there is need for further steps to boost the production and productivity of potato for which following initiatives are required.

•

Focused research program for Madhya Pradesh potato

• Support to our Agriculture universities to try international seed varieties .

* Chip colour on scale 1-10 where 1 is white and 10 the dark brown

•

Tuber yield and processing varieties in Malawi region of Madhya Pradesh

Special Schemes for assistance in development of Infrastructure of post harvest.

•

Need focused and special package for micro irrigation on potato.

•

Development of mechanization in potato automated harvester and planters)

•

Branding of Malwa potato for processing and exports

VARIETY

INDORE UJJAIN TY (q/ha) PGY (%) TY (q/ha) PGY (%) K. Chipsona-1 390 80.7 415 87.0 K. Chipsona-2 380 82.4 355 94.4 K. Jyoti 390 85.0 300 91.6 FTL-1533 260 90.9 280 94.6 Following are the advantages that Madhya Pradesh possesses for potato processing : •

70 % of potato for processing Industries is procured from Madhya Pradesh – Low sugar, High dry matter, Long storage life

Contract Farming Contract farming is essential for promoting private sector investment in agro-based industries. It also provides market focus in terms of crop selection by farmers.

Changing food habits, mushrooming fast food chains,

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Madhya Pradesh outlets and supermarkets have led to fast-growing demand for processed products. These developments have also provided a sustained source of income for farmers.

Advantages to Growers

Advantages to Processors Processors too have many advantages since they could plan in advance abut their requirements, prices of the raw material available, etc., and hence they are free from risks. Following are the a processor company's advantages.

Cultivators of the potato crop have several advantages in their planning acreage, volume of required inputs, etc. because of an assured market for the processed products. Following are some of the advantages.

•

•

•

• • • • • • • •

The growers know at planting time, the variety, volume, quality requirement and price of the potatoes.

They isolate themselves from the risk of the market.

They can concentrate of production efficiencies.

Provision of inputs and production services.

Access to credit.

Introduction of appropriate technology.

Skill transfer.

Guaranteed and fixed pricing structures.

Access to reliable markets.

•

• • •

The processor knows its cost of raw material in the business.

The processor knows the volume of raw material it will have available.

With the two above mentioned advantages in hand, the processor can better itself to negotiate with clients and customers the price of finished product.

Everyone (grower, processor, customers) is working under known cost of products.

Overcoming land constraint.

Production reliability and shared risk.

Quality consistency.

Problems Faced by Processors

Contract farming is like fixed deposit where farmers will always get sustained profits; where as in open market, farmers will make super losses and super profits. It is like satta or lottery. Here again benefits go to bigger players who buy from small farmers at throwaway prices.

Processors, however, do face problems due to failure of commitments by the clients. For instance, farmers may sell outside the contract (extra-contractual marketing) thereby reducing processing factory throughout. Farmers may also divert inputs supplied on credit to the other purposes, thereby reducing yields.

Problems Faced By Growers

Key Elements to Make Contract Work

Farmers face certain risks, particularly when they are growing new crops. These risks include failures on both the market and production fronts. Growers face problems when not all contracted production is purchased. Also, sponsoring companies may turn out to be be unreliable or exploit a monopoly position.

In order to create a win-win situation for both the farmers and the processors, certain factors that ensure mutual trust and inter-dependency have to be worked out and enforced strictly. These are:

Potato Production 3rd in the world

POTATO PRODUCTION

Growing season

POTATO MARKET

• •

Transparency of the contracting.

Contract conditions (quality standards, acceptance criteria) need to be reasonable.

• Respect of the contract by the industry in India (in case of low price in open market).

26 Million tonnes • Respect of the contract by the farmers (in case of high price in open market).

1.3 million Ha • Contract has to reward superior quality Yield~17T/Ha product with some form of bonus .

3rd in the world Better quality product have better Planting: October-November recovery rates and rewarding the Harvesting: January-March farmers for the best job is a way to Limited by heat at both ends:75-110 days “share” the benefit of the better Short days (Sunlight) recovery rates.

Refrigerated storage requirement • Contract has to be penalized poor White & yellow flesh skin quality in the form of penalty. Poorer raw material quality has poorer Oblong to long shape recovery, etc… + Small tubes: Premium size is 100-125g

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Madhya Pradesh The Success Story of Sharbati

Shiny, Golden-hued wheat that Tops Metros' Demand Chart The soybean state is turning over a new leaf. Farmers in Madhya Pradesh have slowly scripted a new success story by producing the best wheat in India. Once, Hoshangabad district in the state recorded the highest yield in the country. Although Madhya Pradesh doesn't account for the highest production in country but when it comes to taste, quality and other attributes, the state's Sharbati tops the chart of demand in metros.

The lustrous, golden-hued grain commands premium price, being re-christened golden or premium wheat in wholesale and retail markets of major cities of country like Mumbai, Delhi, Pune, Ahmedabad and Hyderabad.

The wheat has slowly carved a niche for itself because of its shine, big grain size and a reputation for its flour producing the tastiest rotis by far. And the formula has been perfected through a combination of traditional practices and some unique soil and climatic conditions.

While the bountiful harvest of green revolution districts is attributed mainly to canal irrigation, it's the handicap of the state's Sharbati growing districts in this respect that mainly contributes to the quality. The Sharbati is a rainfed phenomenon where there's no organized or largescale irrigation.

In fact, so much is the quality of wheat dependent on lack of under-ground or surface water irrigation that the very varieties grown through canal irrigation in command

areas of Narmada river projects such as Tawa in districts like Harda or Hoshangabad lose their sheen and taste.

Common characteristics of Sharbati Wheat include small un-even grain, good shining grain, no hair on the grain, sweet in taste, high protein (gluten) content, softness in dough, white rotis, and high keeping quality of rotis.

The same varieties grown elsewhere in the country don't produce the same quality of grain. The secret is the high potash content in the soil and low humidity at the time when the grain pod is `filling up'. Apart from the other characteristics of Sharbati variety of wheat, MP's Sharbati provides high iron content due to it's soil conditions.

These conditions occur naturally in the areas where the high quality yield is obtained. As a result, the wheat naturally has 1-2 percent higher protein (gluten) content than the normal 10-12 percent elsewhere. The higher luster is explained by the climate preventing mottling known as yellow berry which forms white or off-white spots on the grain.

The hardy Sharbati which finds favour as premium quality wheat from the State is a bit of a misnomer as a separate variety of wheat. The term is really a moniker for a host of varieties developed over the years specifically for rain-fed areas lacking in irrigation facilities. And the state's newfound fame in this regard actually comes from some of the oldest varieties of the aestivum genre of wheat still in currency - the venerable C-306 which was first introduced almost six decades back – and Sujata.

Even as farmers switched to Lok-1 variety in areas where new irrigation facilities were created, the old-style practitioners have strived to keep the quality of their wheat alive in parts of districts like Rajgarh, Bhopal, Sagar and Raisen. However, it's Sehore along with Vidisha where most of the Sharbati is grown.

Farmers growing Sharbati varieties

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Madhya Pradesh don't even bother with government procurement agencies like Food Corporation of India (FCI) or MP State Food and Civil Supplies Corporation during procurement time. They know the price their wheat commands in metros and go to the highest bidder, including agro-commodity and food majors like ITC and Cargill. Against the minimum support price during the procurement season the premium wheat easily fetch around Rs. 300-500 higher.

However, there's a flip side to the golden grain story.

Despite high quality and commensurate price, the productivity of wheat remains low due to lack of transfer of technology from the lab to the fields as field trials have shown that the current average yield could be almost doubled if only farmers adopted the package of prescribed practices. However, the low productivity is offset by the higher price to a large extent.

Durum wheat Durum wheat (Triticum turgidum var durum) is tetraploid wheat (chromosome number 4n = 28), has bold grain (1000 grain weight >50 g) with hard texture. Recently released varieties include Malav Kirti (HI 8627) and Malav Ratna (HD 4672) for rainfed and limited irrigation conditions; and Malavshakti (HI 8498), Sudha (MPO 1106), Poshan (HI 8663) and MPO 1215 for irrigated timely sown (November sown) conditions. These durum wheat varieties have a number of advantages, compared to bread wheat ones such as: • High degree of water-use efficiency: (Malav Kirti has yield potential of 45 q/ha under just two irrigations; while Malavshakri and Poshan are capable of yielding 50-60 q/ha under 3-4 irrigations.

• Strong resistance to the newly evolved pathotype of Ieaf rust race 77-group to which most of the bread wheat cultivars are susceptible. Thus, durum cultivation will provide protection against any leaf rust epidemics to the wheat crop not only in central India but also to the entire main wheat belt of the country by cutting down the inoculum supply along the "Puccinia-Path", since central India serves as secondary focus of rust infection for northern plains.

• Durum wheat has better field tolerance to loose smut and Karnal bunt diseases, compared to bread wheat • High level of Beta-carotene (precursor of vitamin 'A') content which makes it a naturally bio-fortified health food.

semolina, vermicelli, noodles. pasta, pizza etc., compared to bread wheat. In view of the increasing popularity of these items, establishment of durum wheat-based fast food industries will generate economic growth and additional employment opportunities. Our durum varieties have internationally acceptable pasta making quality.

Export potential Due to stiff competition in bread wheat in international market, it will be difficult to export this wheat from India.

There is relatively less competition and higher price in the international market for durum wheat, and hence, this can be easily exported to European, North African and West Asian countries. Due to unique climatic conditions favouring production of excellent quality durum wheat free from mottling, freedom from Karnal bunt and nearby port facilities, central India offers tremendous potential for exporting durum wheat and earning foreign exchange for the nation as our durum varieties do meet the required quality standards for export. In fact, export of durum semolina or its other value-added products will prove more beneficial, compared to grain.

Thus, in the national interest, it is necessary to promote the cultivation of durum wheat in central India for a sustainable, secured and remunerative wheat production system in the country. The aforesaid durum cuttivars are potentially extremely valuable in achieving this goal.

Bread wheat (Triticum aestivum) It is hexaaploid wheat (chromosome number 6n = 42), has medium bold grain (1000 grain weight 40-45 g) with soft to medium hard texture. Recently released varieties include Amar (HW 2004) and Amrifa (HI 1500) for rainfed condition or one irrigation, Harshita (HI 1531) for two irrigations, Swarna (HI 1479), Naveen Chandausi (HI l418), and Purna (HI 1544) for irrigated (3-5 irrigations) timely sown (November sown) conditions; and HD 2932 (Pusa 111) and DL 788-2 (Vidisha) for irrigated late sown (December-January sown) conditions.

Bread wheat varieties with 'sharbati' grain quality (excellent for chapati making quality) fetch premium price in the grain market as 'MP wheat' or 'Sehore wheat'. The old varieties like C 306 and Sujata with Sharbati grain quality are cultivated under rainfed condition and have limited yield potential (20 q/ha). The above mentioned recently released varities have matching chapatti making quality with higher yield potential, and hence, should be promoted in cultivation. +

• Excellent pasta making quality: Durum wheat is more suitable for the preparation of "fast food" items like

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Tourism US Midwest Buckeye State: Great Place for Fun & Play Want to experience traditional American Midwest hospitality this summer? Then a visit to Ohio is a must! Ohio, located in the Midwestern United States, is the 34th largest state by area in the US and the seventh most populous with nearly 11.5 million residents. The capital of Ohio is Columbus. It was admitted to the Union as the 17th state on 1 March 1803.

Ohio is known as the “Buckeye State” for its prevalence of Ohio Buckeye trees, and, as such, Ohioans are also known as “Buckeyes.”

Among the many treasures of the US is the Midwest, particularly Southwest Ohio. Whether visiting in the spring, summer, fall or winter, Cincinnati, Ohio and the surrounding areas are hot-spots for foreign and US visitors. Some of the many features of this diverse and culturally rich area include Cincinnati Reds Baseball (www.cincinnatireds.com). For a Grand Slam getaway, you will want to take in a game at beautiful Great American Ballpark. Lounge in the sun with friends or family munching on hot dogs and popcorn while smelling the fresh cut grass and looking at the beautiful surrounding river views. Plus, your Reds ticket provides valuable discounts to many Wa r r e n C o u n t y h o t e l s a n d attractions!

Good, Old-fashioned Fun Visit the Cincinnati Zoo for unforgettable up-close encounters

with some of the world's most amazing animals and beautiful botanical exhibits. The Cincinnati Zoo has been ranked as one of the top zoos in the nation by a Zagat survey and one of “The 10 Best Zoos for Kids” by Child Magazine. And those of you looking for more thrills, may experience pure excitement when you ride more than 80 rides and attractions at Kings Island, one of the largest amusement parks in the Midwest. Kings Island features 15 world-class roller coasters including the all-new Diamondback, the tallest and fastest coaster in park history!

Likewise, kids will love the popular Nickelodeon™ Universe, which has been voted “Best Kids Area in the World” for eight consecutive years. The park also features a diverse mix of live performances, plus access to Boomerang Bay, an award-winning water park with more than 50 water rides and attractions.

Great Wolf Lodge will give you and your kids something to howl about!

With more than 400 woodland-themed suites, this family resort has everything your family needs for an unforgettable getaway. The mammoth

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Tourism

indoor water park, one of the nation's largest with six pools and 11 water slides, was awarded the Industry Innovation Award in 2007 by the World Water Park Association. Round out your resort experience with arts and crafts for the kids, themed restaurants, adult and children's spa services, live-action games, and much more.

And for those of you into real sand, surf and fun, the Beach Water Park will take your family to a tropical paradise with real palm trees and more than 50 rides and attractions. Aztec Adventure is one of the only water coasters in the Midwest. Drop five stories on The Cliff or cool off with a leisurely trip down the Lazy Miami River ride. As the sun sets, Dive-In Movies provides the ideal backdrop for winding down after a fun-filled day. Float in an inner tube in the wave pool, or cozy up on a lounge chair and experience a movie in a completely unique setting.

Something for Everyone Ohio has something for every kind of person to enjoy. Those into culinary delights will enjoy the famous scrumptious buffet (and sweet potato souffl茅) at the La Comedia Dinner Theater. One of the United States' largest professional dinner theaters, La Comedia has charmed audiences for more than 30 years. Unforgettable performances will leave you tapping your feet and humming familiar tunes as you experience musical theater in a truly unique setting.

Aboard the Lebanon Mason Monroe Railroad, conductors are also your tour guides, providing train stories and detailing railroad history as

your journey unfolds. Experience unique family fun with themed rides such as the Pumpkin Patch Express and the North Pole Express, plus rides with favorite children's characters including Thomas the Tank Engine and Clifford the Big Red Dog. Take a nostalgic trip through the early days of American Railway History and on to the fast-paced trains of today at EnterTRAINment Junction, the world's largest train-themed family entertainment center. This 25,000 sq. ft. model train display features two miles of track and over 90 model trains. Visitors may also wander through the boardwalk area, hobby shop, gift shop, meeting and party room, and snack shop. This familyfriendly attraction will provide a dose of nostalgia for older visitors, while the little ones can experience the thrill of trains for the first time!

Featuring an international selection of more than 150,000 items from 75 countries, Jungle Jim's is a food lover's paradise! With six acres of food all under one roof, there's fun for the whole family.

Discover thousands of specialty foods and imported groceries; exotic spices, 150 olive oils, 1000 hot sauces, 1,600 cheeses, scratch bakery, 1 1/2 acres of fresh produce, organics, prime aged meat, exotic game, live seafood, sushi, Amish, NY deli, olive bar, cigar humidor, retro soda pop, candy, cookware, garden, and gifts! Plus singing robotic characters, and theatrical decor galore!

For these exciting attractions and more, visit the Buckeye State and experience true American Midwestern hospitality and + fun.

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Trade India-US Bilateral Trade Touch $58 billion in 2011 Trade and commerce form a crucial component of the Indo-US Trade Trends, 2012 rapidly expanding and multi-faceted relations between Trade with India : 2012 India and US. From a modest $ 5.6 billion in Month US Exports to India US Imports from India Balance of Trade 1990, the bilateral trade in January 2012 1,524.6 3,109.8 -1,585.2 merchandise goods has February 2012 1,503.7 3,027.6 -1,523.9 increased to $ 57.8 billion March 2012 1,715.8 3,364.4 - 1,648.6 in 2011 representing an April 2012 1,792.2 3,335.5 -1,543.2 impressive 932.14% May 2012 1,832.3 3,571.8 -1,739.5 growth in a span of 21 Total 2012 8,368.7 16,409.1 -8,040.4 years.

Note: All figures are in millions of U.S. dollars ($) on a nominal basis, not seasonally I n d i a ' s m e r c h a n d i s e adjusted unless otherwise specified. exports to the U.S. grew by 19.88% from $ 7.93 billion during the period JanuaryMarch 2011 to $ 9.50 billion in January- March 2012.

US exports of merchandise to India also grew by 3.93% from $ 4.57 billion during the period January – March 2011to $ 4.74 billion in January – March 2012. India – US bilateral merchandise trade stands at $ 14.24 billion during this period.

Trade during the period January – March 2012 I) Major items of export from India to US Select major items with their percentage shares, are given below. a) Textiles (17.9%)b) Precious stones & metals (16%) c) Pharmaceutical products (10%) d) Mineral Fuel, Oil (7.9%) e) Lac, Gums, Resins (6.3%) f) Organic chemicals (6.1%) g) Machinery (5.6%) h) Electrical Machinery ( 4.4%) ii) Major items of export from US to India Select major items with their percentage shares, are given below a) Precious stones & metals (16.4%) b) Machinery (16.1%) c) Mineral fuel, Oil, etc. (9.2%) d) Optical instruments & equipment (9%) e) Electrical machinery (7.7%) f) Organic chemicals (4.1%) g) Plastic (3.6%) h) Iron and steel (3.2%) INDO -US BUSINESS

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Aviation Boeing Poised to Deliver Four 787 Dreamliners to Air India in 2012 Boeing Co will ship all four 787 composite-plastic Dreamliners assembled this year in its new South Carolina plant to Air India Ltd, which is claiming $1 billion in compensation for delays in production and delivery.

The first of the jets rolled out recently from a 1.24 millionsquare-foot (115,000-square metre) hangar near Charleston, South Carolina and is expected to start flying in three to four weeks. Air India would take delivery at midyear, according to Jack Jones, Boeing South Carolina vice president. ''I know we're a little late delivering this airplane, but when they get it, they're going to say it was worth it,'' Jim Albaugh, head of Boeing's commercial airplane division, told employees and South Carolina politicians including Governor Nikki Haley and US senator Lindsey Graham.

The development ends over three years of delays and Boeing is seeking to speed up production of the twin-aisle jets to 10 a month by the end of 2013. The company has delivered 11 of the aircraft to Japan Airlines Co and All

Nippon Airways Co, according to Marc Birtel, a spokesman.

The planes come with a price tag of $193.5 million. The South Carolina facility, built at a cost of $750 million, opened last year, and will build 3.5 planes a month by the end of 2013 or early 2014, Jones told reporters. The plant is the company's first new commercial-jet factory outside Washington's Puget Sound region, where the company was established. Boeing's decision to build in the state, which bars union membership as an employment condition, led to an accusation from the Machinists union of illegal retaliation for strikes.

The National Labor Relations Board filed a complaint against Boeing, only to withdraw it after Boeing and the union reached a new contract that promised that the upgraded narrow- body 737, the MAX, would be built in the Seattle area.

Albaugh offered no comments regarding any compensation to Air India, though he had last month disputed the Indian government's statement that the

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Aviation plane maker agreed to pay $500 million in compensation because of delays to the jet, that were to be delivered in May 2008. Air India demanded in February that the company pay up $1 billion after saying in August 2010 that it would seek $840 million. At the time of placing orders, airlines sign for delivery slots, and with penalties for late deliveries like what Boeing is facing for the 787.

South Carolina has been an important and at the same time an occasionally weak link of the chain.

Problems and inefficiencies at plants owned by Boeing suppliers in South Carolina added to the delays in the 787's development. With a view to regain control of Dreamliner production, Boeing bought portions of the

operations of two of its South Carolina partners in 2009.

With the purchase of the two operations, Boeing went on to undertake a $750 million expansion to build Boeing South Carolina. According to Rob Stallard, an aerospace analyst, it had been pretty impressive how Boeing had got the whole operation together, and was now actually rolling out an aircraft from a factory that has never made a plane before. Meanwhile, local leaders have used the attention on South Carolina - a state unfriendly to unions, to promote the state as an aerospace manufacturing hub. Now a few aerospace companies have operations in South Carolina, which include Boeing, Honeywell International and Lockheed Martin. The plant has a 6,000-strong workforce and is expected to create more jobs in the state. +

US Co Lockheed Martin to Supply Laser-Guided Bombs to IAF

US defence major Lockheed Martin has bagged a deal expected to be worth over Rs. 100 crore for supplying laser-guided bombs (LGBs) for the Jaguar fighter aircraft fleet in the Indian Air Force (IAF). The IAF plans to induct more than 100 bunker-buster LGBs for its Jaguar warplanes to destroy strongly fortified enemy targets.

"We have emerged as the lowest bidders in the deal for supplying LGBs to the IAF. We have offered our Paveway II LGBs for the Jaguars and contract negotiations are on in this direction," Lockheed Martin India head Roger Rose told. The IAF had issued a global Request for Proposal (RFP) for the purpose last year, and Lockheed Martin along with Raytheon and an Israeli missile manufacturer had taken part in the tender.

With their capability to pierce hard surfaces, the LGBs can also be used to destroy enemy's concrete runways and fortified locations. LGBs are guided projectiles that use lasers to strike a designated target with greater accuracy than a gravity bomb and were used with high accuracy by the IAF against Pakistani Army posts during the Kargil war in 1999.

Around the same time, the US had supplied some Paveway bombs to India which could be launched from the Jaguar and Mirage 2000 planes for accurately striking enemy targets. The earlier lot of the American bombs to the IAF was supplied by Raytheon.

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Healthcare US Approval for India's Biogen Idec's Intramuscular Auto Injector Biogen Idec Biotech India Pvt. Ltd. (Biogen Idec India) announced the approval of the first single-use, intramuscular autoinjector for interferon beta-1a to be used by patients with multiple sclerosis (MS) in India. The new device, known as AVONEX® PEN™, represents a significant new administration option for MS patients in India.

Approved by the Drug Controller General of India (DCGI), the new auto injector is designed to enable easier, more convenient interferon beta-1a administration, improving the treatment experience for MS patients. It was approved based on data from a specific clinical study supporting its effectiveness as a new treatment administration option.

Biogen Idec recently received approval in the United States and European Union, for the autoinjector. It is hoped that the autoinjector will help ease administration for patients who use interferon beta-1a therapy and those who otherwise may skip treatment due to fear of needle. The device is likely to be available across the country by mid2012. “Interferon beta-1a has been an effective treatment with an established safety profile for MS patients for more than five years in India,” said Managing Director of Biogen Idec India, Sameer Savkur. “The approval of this first singleuse, intramuscular autoinjector is an important milestone in Biogen Idec's ongoing drive to bring new innovations to MS patients. Launching AVONEX® PEN™, here is part of our company's long-standing commitment to improve the lives of MS patients in India.” About Auto injectors Compliance to therapy plays a vital role in ensuring desired outcomes in chronic therapies.

Auto injectors for chronic therapies have been proven to be useful in improving ease of injection and reducing needle anxiety*, thereby improving compliance to therapy. Thousands of patients with MS in India administer interferon beta-1a therapy to treat their MS. Once-weekly interferon beta-1a (intramuscular) is one of the most prescribed treatments for relapsing forms of MS worldwide. It has been shown to slow the progression of physical disability and reduce relapses. It has been available for use in the United States for more than 15 years and in India for the past five years.

The most common side effects associated with interferon beta-1a treatment are flu-like symptoms, including myalgia, fever, fatigue, headache, chills, nausea, vomiting, pain and asthenia. About Biogen Idec Biotech India Pvt. Ltd. Biogen Idec Biotech India Pvt. Ltd. is the Indian affiliate of Massachusetts based Biogen Idec. Through cutting-edge science and medicine, Biogen Idec discovers, develops, manufactures and markets therapies for diseases with a focus on neurology, immunology and hemophilia. Founded in 1978, with a presence in India since 2007, it is the world's oldest independent biotechnology company.

Patient's worldwide benefit from its leading multiple sclerosis therapies and the company generates more than $5 billion in annual revenues. +

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Healthcare US Firm Anthelio Plans to Enter Indian Healthcare Market in 2013 Anthelio, the US-headquartered IT solutions and business process services company for the healthcare industry, plans to enter the Indian market in 2013 and is already in talks with a few hospitals.

The firm, which has its facility in Hyderabad, is currently engaged in research to figure out the best solutions for healthcare providers in India. "It may take six to eight months for us to figure out the best solutions. We are expecting something for the Indian market in 2013," Vish Sivaswamy, head, Global Practices, Anthelio Business Technologies, said in a media interview.

The company is already in talks with a few hospitals, including a 1,000-bed hospital. They want economically good solutions. We have to find out what they are, he said.

Anthelio, which is headquartered in Dallas, Texas, and has over 2,000 employees in the US and in India, is also looking at the European market. It recognizes the fact that the requirements for both Indian and European markets are different from the US market, which it is currently serving.

Sivaswamy points out that the use of IT in the Indian healthcare sector is limited as the country is focusing more on reaching medical technology to people. A good electronic health record system in the US will cost anywhere between $10 million and $30 million. In India, you can build 10 hospitals with that money, he said.

Unlike the US where the healthcare system is focused on the clinical side of the data like maintaining the background of a patient and using the data for research, the outlook of hospitals in India is limited to using IT for registration of patients, billing and insurance.

As the Government of India is thinking of digitizing the health records of citizens through universalization of unique identification (UID), Anthelio is

ready to work with the government to evolve the best system.

"We know how the US system works. The question is how we use clinical data of a person throughout his life, who should own it, should it be hospital, the state agencies or a separate authority.

There is lot of discussion going on.

Unless that comes to some shape, we may not know what the right technology solutions for Indian market are." In the US, hospitals own and keep the data while in Britain it is the state which owns and maintains it.

Formerly known as Conjoin in India, the company was rebranded as Anthelio following acquisition of a company in Dallas in 2010. It has multiple locations in the US and two locations in India at Hyderabad and Mumbai. The Hyderabad facility, which has 470 employees, supports healthcare business, which contributes to 98 percent the company's business.

Two-thirds of the company's business is IT, while a third comes from business processes.

Seventy five to 80 percent employees at Anthelio's Hyderabad facility have some kind of clinical background or clinical-technology expertise. They include physicians, physiotherapists, a couple of homoeopaths and dentists, all trained in technology. +

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Healthcare Infosys Plans to Expand into US Healthcare, Public Service Markets Infosys, India's second-largest IT services company is angling for more business from the US, especially in the healthcare sector. Infosys Public Services (IPS), the subsidiary formed by the company to focus on the US government and healthcare market back in October 2009, is now a $120-million business.

“There is a lot of interest in what we are bringing to the table and we have not faced any opposition,” said Ashok Vemuri, head of Americas, Infosys.

“It (IPS) enhances our brand image and hopefully there will be a positive rub off in the US,” he added.

Vemuri said there are two very clear business segments for IPS in the US — healthcare and public services. The healthcare services market is generally a quasi-government activity, while the public services segment includes the federal, states and city governments. Besides Infosys, other Indian IT companies that have a presence in the US public sector market are Wipro and TCS. Wipro has a nine-year, $407-million outsourcing contract with the State of Missouri for delivering healthcare services to US citizens.

According to Vemuri, the US government is one of the large innovators and consumers of technology. Some of the key areas where IPS would be

focusing are technology solutions for regulatory changes in healthcare segment and consulting and system integration solutions in various governments. IPS is already working with five state governments in the US, and in one of the business engagements, it even put the entire email infrastructure of a government on the cloud.

“IPS is completely different with focus on consulting, solution; domain oriented and is a 100% American company,” Vemuri said. +

India's Biocon to Market Anti-Cholesterol Drug in US Indian Biotech major Biocon is planning to sell atorvastatin, in the US from 2013. The US market for atorvastatin opened up recently for generic companies. Biocon plans to follow Watson and Ranbaxy, which have already released their products and are currently under six months' exclusivity phase.

“We have partnerships for atorvastatin active ingredient and we expect these partners to commercialize the products in

the US from 2013 onwards, said Rakesh Bamzai, PresidentMarketing, Biocon. “The company is one of the largest producers of statins. We continue to focus significantly on our statins portfolio. You will see developments from the month of May,” he added.

The company has seen a significant growth in branded atorvastatin (Statix) as well as sales of active pharmaceutical ingredients (API).

Similarly; Biocon is planning to tap the European market, where it is currently selling atorvastatin with its partners. “In Europe, a few countries are still open, but the patents are expiring. Our products should be in those markets pretty soon,” Bamzai said.

Biocon has major presence in emerging and unregulated markets with its branded atorvastatin (Statix). On the company's biopharmaceuticals business, Bamzai said: “The existing products continue to grow and new launches will happen. Emerging markets will be growing with the new product launches happening there.” + INDO -US BUSINESS

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Healthcare Indian Drug Firms Show Good Financial Results in US Market Five of India's top 10 pharma firms collectively raked in their best quarterly revenues in the US in October-December. During this period, total US earnings of Ranbaxy Labs, Dr. Reddy's, Sun Pharma, Lupin and Zydus Cadila almost touched Rs. 5,000 crore. This is 80% of what Ranbaxy, Dr. Reddy's, Lupin and Cadila cumulatively earn from their domestic business every year.

Excluding Lupin, which operates in both patented and generic drugs business in the US, combined quarterly earnings of the four firms, grew 112% during the quarter on an annual basis. The timing, when several blockbuster drugs with market size over $1billion were losing patent protection, proved fortunate for many of these firms. The surge in US business comes at a time when many of these companies feel “irrational” price controls and emerging patent regime are undermining their growth potential within the country.

However, unlike 5-6 years ago, companies are no longer content with timely US launch of generic drugs. All of them are innovating on their offerings, creating Plan B to milk the exclusive marketing window to the fullest, finetuning marketing and pricing strategies as they go.

Dr. Reddy's posted its best quarterly revenue and profit in the quarter, leveraging a tie-up with Israeli generic drug rival Teva. Dr. Reddy's, which managed a 180-day period of marketing exclusivity opportunity for the largest-selling strength of generic blockbuster Zyprexa, an anti-psychotic drug, partnered rival Teva for distribution. Annual US sales of Zyprexa are around $3.2 billion, of which the largest selling strength is over $900 million. In a little over two months, Dr. Reddy's has already clocked $100 million from this generic opportunity, cornering 60% market share. Top management attributed 'better-than expected revenues' on this account to their tie-up with Teva.

Similarly, for its US Lipitor generic launch, Ranbaxy pursued multiple options.

The company tackled regulatory challenges, shifted manufacturing location to US and signed an undisclosed pact with Teva. Pfizer, which owned Lipitor, meanwhile sought to guard its market share with discounts on the original brand and tie-ups with pharmacies to create loyalty pools. Ranbaxy responded

with deeper discounts of 60-70% on its drugs, against the normal 4050% offered during the six-month exclusive marketing period.

“The quarter is undoubtedly the best in revenue terms for these Indian pharma firms. These are, of course, fruits of filings these companies did in early 2000s,” said Hemant Bakhru of brokerage firm CLSA. “But here on, the number of filings will dwindle and value per molecule will shrink,” he said.

“The creative maneuvering of Indian biggies reflects their maturity and confidence in the US market, which they have acquired after a decade of experience there. Many big firms are now shifting US strategies from chasing big bestselling molecules of $1-billion sales to complex mid-sized molecules of sales in the range of $300-500 million which are difficult to manufacture and consequently, have limited competition,” said Murali Nair, partner, Ernst & Young.

Lupin, Dr. Reddy's and Sun Pharma are moving in that direction. Nair said Indian firms are also venturing into 'supergenerics' in the US, which implies that instead of cloning the exact composition of the patented drug, they tweak it to offer a different formulation or a new form of delivery, adding value to existing products in the market. This differentiation assumes critical relevance in the face of intense competition resulting in wafer-thin margins, which in many recent cases end up lower in US than in Indian market for the same drug.+

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Hospitality Donald Trump to Expand into Indian Hospitality Market US real estate billionaire Donald Trump is expanding the footprint of his Trump Hotel Collection across India, betting big on the branded luxury homes and hospitality market in the country.

The Trump Organization, known for its luxury properties across the globe, is also exploring mixed-use projects that could include multiple Trump branded products in one master plan - residences, golf, and hotel - as it sees growing demand for this genre of products from rich Indians, Donald Trump Jr., executive vice-president of Trump Organization, said in an email interaction. “We are working with local developers to bring Trump Hotel Collection, our wholly-owned hotel management company, to India," he said. "Just like our luxury branded residences, Trump Hotel Collection will offer the Indian market the best in luxury.�

According to Trump Jr., the company is currently in talks with "very high-caliber" developers for executing its product developments across the country. "We have some exciting projects in the works which we look forward to sharing in the coming months," he said.

It's been more than a year since the company announced a joint venture with Rohan Lifescapes for its maiden luxury residential project in India, the Trump Tower in south Mumbai. However, the plan has not moved any further in the backdrop of regulatory and social hurdles, including a tenant family opposing the project, driving talks that the tie-up is coming to an end. However, Trump is optimistic about taking the Mumbai project forward soon.

"Now that (civic authority's) new Development Control Rules are out and project approvals have been forthcoming, the developer, Rohan Lifescapes, is working on getting the approvals and we are hopeful that these will be granted soon," Trump Jr. said.

"We remain excited about the Mumbai market and moving this project to the

next step." Though he believes their brand will do "extremely well" in Mumbai, he foresees opportunities in other key cities, including Bangalore and the National Capital Region, besides luxury leisure destinations such as Goa. "There is tremendous wealth and demand for luxury branded real estate products," he said.

The Trump Hotel Collection, launched in 2007, has seven operational properties with 3,280 guestrooms. This collection also includes the Trump International Hotel & Tower New York, which opened 15 years ago. +

Dunkin' Donuts to Introduce Local Savories in Indian Market Quick service restaurant company Dunkin' Brands will localize its menu in India to have savory products, John Costello, Dunkin Brands' chief global marketing and innovation officer, says.

In China, for instance, Dunkin' Donuts not only retails chocolate-flavored doughnuts but also rice-based doughnuts called Mochi rings and milk

tea. In Singapore, it offers Kaya (coconut-based) doughnuts.

The American firm which has a presence through its 462 Baskin-Robbins outlets in India will open its first Dunkin' Donuts store in New Delhi in the first half of 2012. It is betting on NBA player Lebron James to promote both brands in India, besides China, Taiwan and South Korea. Costello says India's economy and growing middle class presented a significant opportunity for the $8.4-billion company to partner Jubilant Foodworks and the Indian firm's success with Domino's Pizza added to it. It plans to have 500 Dunkin' Donuts outlets in India over 15 years.

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Lifestyle “This is our largest national store commitment," Costello says. As part of the master franchise agreement, Dunkin' would provide brand, product and marketing expertise and Jubilant Foodworks would build, own and operate the stores in India. Dunkin' Brands operates 16,800 outlets globally. Of this, the Asia-Pacific region accounts for over 5,400 outlets, driven by brand Baskin Robbins. Costello says the company intends to expand store count to 7, 000 in the region by 2015. +

Bharti-Walmart's Retail Training Centre in Jalna Kicks Off The Walmart joint venture in India with the Sunil Mittal-led Bharti group, Bharti Walmart, has recently launched Bharti Walmart Training Centre at Jalna, Maharashtra, in a public-private partnership with the Maharashtra Government. The centre will be the seventh in India, after Amritsar, Delhi, Bangalore, Zirakpur, Jalandhar and Ludhiana, will provide free training in retail skills to the youth aimed at creating s talent pool in the skills-starved retail sector.

On 15 February this year, Bharti Walmart had signed a memorandum of understanding with the Maharashtra Government to launch three Bharti Walmart Training Centres in the state, at Thane, Aurangabad and Jalna. The agreement seeks to replicate Bharti Walmart's model of running Bharti Walmart Training Centres at Amritsar, on a public-private partnership basis with the Punjab government, in Delhi with Delhi government and Bangalore with the Karnataka government, and three training centres at its Best Price

Modern Wholesale stores in Zirakpur, Jalandhar and Ludhiana in Punjab.

According to Murali Lanka, senior vice president, operations, Bharti Walmart, the retail sector in India is growing at an exponential rate and therefore provides tremendous growth opportunities. Lanka said, "The past few years have seen several companies starting their operations in India. However, the industry lacks the talent pool with required skill sets to leverage this huge potential. Bharti Walmart Training Centres aim to bridge this gap by imparting training on various aspects of retailing to under-privileged youth making them job-ready for their first employment in the retail sector.'’ The Maharashtra government's campaign of reaching out to the people of rural and semi-rural areas of the state through a 'mobilizing van' will help spread awareness about the Bharti Walmart Training Centre in Jalna district. The training curriculum at the centre is based on Walmart Stores best global practices and will be implemented through centum

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Lifestyle

learning. This will help the people of Maharashtra to take advantage of the company's global knowledge and expertise in the retail business.

business-to-business joint venture between Bharti Enterprises and Walmart Stores Inc for wholesale cash-and-carry and back-end supply chain management operations in India to serve small retailers, manufacturers and farmers.

Successful candidates will be certified by Bharti Walmart, which will also help the certified students find employment, the company said in a statement.

The JV launched its first B2B Best Price Modern Wholesale cash-andcarry store in Amritsar in May 2009. A typical cash-and-carry store stands between 50,000 and 100,000 square feet and sells a wide range of fresh, frozen and chilled foods, fruits and vegetables, dry groceries, personal and home care, hotel and restaurant supplies, clothing, office supplies and other general merchandise items.

The company has so far trained over 10,400 people free-of-cost at existing Bharti Walmart Training Centres and placed nearly 4,000 students in multiple leading companies in India, it added.

Bharti Walmart Private Limited is the

The JV is expected to open a total of 12-15 new Best Price Modern Wholesale stores in India in 2012. Currently, there are 17 Best Price Modern Wholesale stores located at Amritsar, Zirakpur, Jalandhar, Kota, Bhopal, Ludhiana, Raipur, Indore, Vijayawada, Meerut, Agra, Lucknow, Jammu, Guntur, Aurangabad, Bhatinda and Amravati. +

Walmart to Expand R&D Centre Walmart, the world's largest retailer, said it would have 200 research and development (R & D) engineers at the @WalmartLabs centre in Bangalore. In November last year, the company had announced plans to set up an R & D centre in Bangalore, responsible for creating the next generation products and platforms for Walmart's e-Commerce business globally.

The company has since then built a team of about 20 people in Bangalore. It aims to add another 180 people by the end of 2012, according to senior officials of the company. They also said resources located in Bangalore would work in core R & D works, including new platform developments, analytics, big data and system integration. This is in line with the company's strategy to provide the customers 'anytime, anywhere' access to its products through mobile devices, internet or at physical stores. +

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Energy L&T's $ 40-mn N-Equipment supply to US, Marks a Beginning Larsen and Toubro (L&T) has started the delivery of $40 million (approximately Rs 200 crore) worth of equipment used in nuclear reactors to the US, according to MV Kotwal, member of the Board and President (heavy engineering), L&T.“The order size now seems small but there will be continuous requirements for the equipment that we have exported to the US,” he said in a media interview.

L&T's disclosure on the nuclear equipment supplies to the US has also marked the first indigenous development and delivery of heat exchanger tubes for steam generators used in nuclear power reactors by the Hyderabad-based Nuclear Fuel Complex (NFC), a unit of the Department of Atomic Energy (DAE). NFC is the fourth company in the world to produce these alloy tubes (or U tubes), which have very stringent technical requirements covering chemical and mechanical properties, ultrasonic testing, according to NFC officials.

L&T had placed Rs. 45 crore worth of orders with NFC to develop and supply these heat exchangers for the nuclear reactors being built for the Nuclear Power Corporation of India (NPCIL) instead of importing the same.

The decision for indigenous development of this important component of the steam generator came after the NPCIL was told by the foreign suppliers that the time of delivery and price of the tubes will be decided by them, according to SK Jain, Chairman & Managing Director of NPCIL. “I recently said that India is going to become a global hub of nuclear reactor technology and the day has already come,” Jain said referring to L&T's equipment supplies to the US. According to Kotwal, L&T has also received orders for supply of nuclear reactor equipment from Europe as well.

Kotwal said that the Rs. 1,700-crore joint venture facility, being set up by L&T and NPCIL with a 74; 26 per cent equity holding at

Hazira for manufacturing outer shells of steam generators and other equipment apart from heavy forgings, had started operations.

The Phase-I will see the facility handling 300 tons of forgings, which will be scaled to a 600tonne capacity in Phase-II, according to him.

Meanwhile, responding to a question, Jain said that NPCIL was working round-the-clock to commission the Kudankulam nuclear plant at the earliest possible.

NPCIL had achieved 40 percent growth in energy generation this year to 32,000 million units (mu) as compared to 26,000 mu last year, while revenues from the sale of power had gone up to Rs 8,000 crore from Rs. 5,000 crore last year, he said. Availability of uranium, the fuel used for nuclear energy generation, will be up by 25 percent with the mining operations recently launched at Tummalapalle uranium mines in Andhra Pradesh, according to him. +

Microsoft Partners Morpheus & Accel to Help Startups in India INDO -US BUSINESS

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Energy India, US joint $125 million fund for research in clean energy India and the United States have announced a joint $125 million fund to carry out combined research in the field of clean energy. As such, three institutions each from India and the US have been selected for the US-India Joint Clean Energy Research and Development Center (JCERDC), which is part of the US-India Partnership to Advance Clean Energy, announced during the November 2009 visit of US President Barack Obama to India.

While National Renewable Energy Laboratory, University of Florida and Lawrence Berkeley National Laboratory have been selected from the US, three Indian institutions are the Indian Institute of Science, Bangalore, the Indian Institute of Chemical Technology, Hyderabad, and CEPT University-Ahmedabad. Consortia researchers will leverage their expertise and resources in solar technology, advanced biofuels and building efficiency to unlock the huge potential of clean energy technologies that can reduce energy use, cut dependence on foreign oil, and accelerate the deployment of renewable energy sources, the US Department of Energy said.

"This innovative research programme will help promote clean energy, create jobs, and open export opportunities for US business," said David Sandalow, Assistant Secretary for Policy and International Affairs in the Department of Energy. "By bringing some of our best scientific and technical minds together, we can strengthen both our great nations," Sandalow said. As part of a planned five-year initiative, the Energy Department will make $5 million available in 2012. The Department plans to make additional requests to Congress for up to $ 20 million over the next four years.

India has committed to funding $ 25 million over five years that will be used to support work by Indian institutions and individuals. In addition, US and Indian consortia members have pledged over $75 million in matching funds, for a combined funding total of more than $125 million for joint research and development in solar energy, advanced bio-fuels and building energy efficiency. In solar energy, the

consortium's research will focus on sustainable photovoltaics, multiscale concentrated solar power, and solar energy integration. In addition, the consortium will focus on development of sustainable advanced lignocellulosic biofuel systems. They will also focus on the integration of information technology with building controls and physical systems for commercial and high-rise residential buildings. +

Software giant Microsoft has partnered with Morpheus and Accel in India to provide support and services to startup companies, helping them grow their business.

BizSpark Plus, an extension of the earlier BizSpark program, works through incubators and accelerators to provide value added products and services to high potential startups.

Morpheus and Accel have been appointed accelerators in India, and working through them, the program will offer each of their startups up to $60,000 of Windows Azure services over a 24-month period to help develop their ideas and solutions. +

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Energy IBM, Ingersoll Offer Energy Efficient Solutions in India IBM and Ingersoll Rand announced that they will provide remote energy and asset management solutions in India to drive greater energy efficiencies for organizations engaged in infrastructure creation or maintenance for highgrowth sectors (commercial, hospitality, health, pharma and others). This solution leverages IBM's Intelligent Building Management (IIBM) system (a combination of monitoring, asset management and advanced analytics) along with Ingersoll Rand's Energy optimization technologies, to help trigger preventive and predictive maintenance to create smarter buildings, according to an IBM statement.

Buildings in India account for 30 percent of energy consumption. Of this consumption, the major usage is due to HVAC (heating, ventilating and airconditioning) and lighting. As the Indian economy develops and commercial infrastructure gets built, it becomes essential to drive robust initiatives to improve energy efficiency and sustainability. In the current economic scenario, with rising energy costs, organizations are facing capital and operating budget challenges. Maximizing capital productivity requires increasing asset utilization, efficiency and uptime. Similarly, the operating

costs of energy and maintenance need to be optimized, IBM said.

Venkatesh Valluri, Chairman & President, Ingersoll Rand India said, “Ingersoll Rand has been at the forefront of driving 'Innovation and Technology Convergence' and to us this means bringing together organizations and technologies on a common platform and converging them to drive profitable sustainability practices. This partnership is a strategic initiative where IBM and Ingersoll Rand are combining their strengths in operations and management systems to bring endto-end managed services to customers.”

“This partnership with Ingersoll Rand reaffirms our commitment by using intelligent data to build smarter buildings that are accountable for energy and carbon resource use, helping create a sustainable environment,” said Nipun Mehrotra, Vice-President & General Manager, Sales & Business Development, IBM India/South Asia. +

US Chip-Designer Xilinx Expands Indian R&D Centre Chip-designer Xilinx Inc. has inaugurated its expanded facility in Hyderabad. "The facility, Xilinx's largest research and development centre outside the US, would continue to support all programmable technologies and devices," said Moshe Gavrielov, President and Chief Executive Officer, Xilinx Inc. The US-based company's advanced solutions including 28 nanometre next-

generation technology were associated with India development center. "We have grown here from 60 professionals four years ago to 400 now. The investments here will be continued," he said.

Significantly, the Indian Institute of Management Kozhikode (IIM-K) has signed an agreement of co-

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Energy Solar Power: Azure to Study Feasibility in Two Indian States An independent solar power producer, Azure Power, has been awarded a $476,670 grant from the United States Trade and Development Agency (USTDA).

The grant will fund a feasibility study on two 500-kW micro-grid solar photo-voltaic power generation pilot projects in Gujarat and Chhattisgarh, the company said in a statement.

Following the study, Azure aims to set up more than 100 micro-grid solar systems, with each system covering an average of 23 acres of rural land which would generate sufficient power to provide electricity to approximately 800-1,000 villages with little or no connectivity to existing electrical grids.

The study has to be completed by 2014.

There are an estimated 58,000 villages without electricity which together provide a market potential of about 0.9 GW, the company said.

Micro grids are islands of renewable power generation, power storage and enable localized power distribution. Given the power-starved situation in several thousand Indian villages, where grid-connectivity is yet to be realized, Azure Power believes that micro-grids are a viable energy alternative for household and agricultural purposes.

The grant was signed by Henry Steingass, Regional Director for USTDA, in the presence of the US Secretary of Commerce John Bryson, at an interaction organized by the Federation of Indian Chambers of Commerce and Industry (FICCI).

Ms. Leocadia I Zak, Director, USTDA said, “We are greatly enthused by the rapid growth of solar power in India in the last couple of years.

However, the potential for micro-grid solar projects in the country remains largely untapped.”

“We are committed to working closely with the Indian and US companies that are looking at the micro-grid opportunities in India,” she added.

USTDA Grant for Study of Kolkata The second grant signed by the USTDA will finance a feasibility study for CESC Limited for the implementation of smart grid technologies across their distribution networks in the eastern Indian metropolis of Kolkata. The study will develop a smart grid pilot project as well as the requirements for broad implementation, according to a USTDA press + release.

operation with Leeds University Business School, UK. The agreement is another step in the internationalization efforts of the institute and it will enable both the institutions to carry out activities such as exchange of students, exchange of faculty members and collaborative research on contemporary management

issues, according to Dr. M. K. Nandakumar, Chairman, International Exchange Programme, IIM-K. Further, The Biotechnology Industry Research Assistance Council (BIRAC) would be fully operational by the next financial year. BIRAC, a not-for-profit Section 25 company, was set up as a separate body by the Department of Biotechnology (DBT) to enhance the strategic research and innovation capacity of biotech companies - especially Small and Medium Enterprises (SMEs) - in India. +

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Energy $80-mn US Loan for R-Power to Buy Solar Energy Technology The Export-Import Bank of the US has approved a USD 80.32 million (over Rs. 400 crore) direct loan for Anil Ambani-led Reliance Group firm R-Power's purchase of solar power technology from American companies.

The technology would be purchased from companies in eight states of the US and would be used for R-Power (Reliance Power) solar energy project in Rajasthan, India.

The US financial institution said that its board has approved the loan for this project, named Rajasthan Sun Technique Energy Private Limited -- a subsidiary of RPower and being co-financed by Asian Development Bank and Dutch development bank. The US companies involved in the transaction include AREVA Solar Inc., EI DuPont de Nemours and Co, Clifford Chance Rogers Wells LLP, 3M

Company, Sika Corp, CCI Corp, CertainTeed Corp, Huck International Inc. and Weed Instrument Company Inc. R-Power recently commissioned the country's largest solar project, with a capacity of 40 MW, in Rajasthan and plans to add another 100 megawatt capacity in the next one year. After commissioning of the plant, group chairman Anil Ambani had said that R-Power plans to invest more than Rs. 6,000 crore in solar projects in Rajasthan in two years.

R-Power is looking at doubling the capacity to 300 MW in the next two years involving an investment of more than Rs. 6,000 crore. The 40 MW plant has been set up at an investment of about Rs. 700 crore."RPower's vision is to become India's largest green power company and the commissioning of this solar project is the first major step in that direction," Ambani said.

US Exim Bank Chairman and President Fred Hochberg said: "This transaction will give renewable energy US exporters a larger footprint in India, and it will help them to be competitive against the German and Chinese companies in this field. We are excited to be at the forefront of financing this innovative technology and meeting the demands in India for cutting-edge, American-made solar equipment," The loan would help support jobs at the US companies, Exim Bank noted. Areva Solar CEO Bill Gallo said the Exim Bank loan is an important component in helping US companies and its subcontractors compete for and execute solar energy projects in a competitive global market while creating American jobs and economic growth.

R-Power CEO J. P. Chalsani said this is the second loan approval by the US Exim Bank for the company's renewable energy initiative. +

Caterpillar Launches New Production Unit Near Chennai Caterpillar India announced the launch of the company's new backhoe loader manufacturing facility in Thiruvallur, near Chennai. While the company did not disclose the investment details, it said the new facility, its fourth in India, would strengthen its presence in the country and would augment the distribution channel for the earth-moving machine by bringing in enhanced

local production capabilities.

Robert Droogleever, general manager of Caterpillar BHL Worldwide, who inaugurated the facility, said the demand for backhoe loaders has been gaining traction with the construction equipment industry growing at a rate of 15-20 percent per annum.

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News GM to Go Diesel Globally, Riding on Indian Facility Driven by the robust demand for diesel vehicles in the Indian market, the US-based auto major, General Motors, is working on developing diesel engines for the range of vehicles lined up for launch in the country; the capability for which will then find its way to other diesel-intensive markets globally.

The company, which has already introduced a diesel version of small car Beat in mid-2011, is looking at introducing diesel variants of premium hatchback Sail and the new multi-purpose vehicle later in the year. The diesel engine technology for these vehicles has been developed by the car maker in India, and will later be made available to markets in North and South Africa to begin with.

Lowell Paddock, President & Managing Director, General Motors India, said, “The diesel development carried out on our future Sail and MPV programmes will certainly support entry into markets outside India where consumers have a strong preference for diesel engines.” Though no destinations have been finalized for exporting diesel technology from India, company executives indicated that markets in North and South Africa would be

considered initially. While the company does not have any plans to manufacture the 1.0 litre diesel engine for the Beat elsewhere in the world, no final call has been taken as to whether diesel engines for the Sail and the MPV will be manufactured exclusively in India.

The 1.0 litre diesel engine for the Beat (the company's smallest diesel engine globally) is manufactured at GM's plant in Talegaon, Maharashtra. The capability for diesel engines is being developed by GM's technical center in Bangalore which currently has 2,100 employees. The company has five engineering centers, four design centers and nine satellite research and development facilities within GM International Operations.

The technical center India in Bangalore is a medium-sized engineering operation which specializes in tailoring vehicles for the Indian market while also undertaking engineering work for GM globally, P. Balendran, Vice-President (corporate affairs), said.

“Diesel vehicles constitute around 42-45 percent of overall passenger vehicle sales today. But wherever, petrol and diesel variants are both available, 80 percent of sales come from the diesel option. If I talk about the Beat alone, diesel sales used to be 40 percent earlier, now it has gone up to 80 percent. It has thus become important to develop the capability.”

Industry estimates say diesel variants accounted for 28 percent of passenger vehicle sales in the last financial year. With petrol prices rising five times in the current financial year, the differential between the two fuels now stand at Rs. 25.51 per litre, up from Rs. 10 in April 2010, making an increasing number of consumers opt for diesel cars. +

“With local manufacturing and long-term commitment, we aim to provide a quality product that meets this growing demand and brings us closer to our aim of attaining a market leadership position,” he said. Kevin Thieneman, country manager, (India, Asean & China) added that India would make significant investments over the next several decades to build its infrastructure and support higher levels of urbanization.

“This facility, our fourth manufacturing operation in India, positions us to meet industry growth and enables us to better serve our customers with the broadest range of products in the industry,” he said. + INDO -US BUSINESS

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Photo Feature 8th Indo-American Corporate Excellence Awards 2012 & Commemoration of American Independence Day organized

by IACC on July 04, 2012 at Hotel Trident, Nariman Point, Mumbai

Mr. Harsh Goenka, Chairman, RPG Enterprises Interacting with the audience.

Mr. Harsh Goenka, Chairman, RPG Enterprises and US Consul General Mr. Peter Haas, presenting the Award for the Best US Company operating in India in Technology & Communications to Mr. B Raghavendran from Cisco

Mr. Harsh Goenka& Mr. Peter Haas presenting the Trophy to 'Discovery' for Best US Company operating in India in Media & Entertainment at the Corporate Excellence Awards 2012 Ceremony

Mr. Subodh Kant Sahai, Minister of Tourism, Government of India Interacting with the audience.

Mr. Salmaan Khan, addressing the audience

US Consul General, Peter Haas, welcoming the participant's.

(L-R) Mr. Anand Desai, National President, IACC with US Consul General Peter Haas & Mr. PradeepUdhas, Chairman of Jury, Indo-American Corporate Excellence Awards 2012 & Executive Director, KPMG at the Awards ceremony

Mr. Subodh Kant Sahai, Minister of Tourism, Government of India presenting the 8th Indo-American Corporate Excellence Award 2012 for the Over All Best Indian Company operating in US to Mr. S. Mahalingam, CFO, Tata Consultancy Services(TCS) at the Awards Ceremony

Mr. Salmaan Khan presenting the Best NGO Award to 'Deepalaya' at the Indo American Corporate Excellence Awards 2012

Winners of 8th Indo-American Corporate Excellence Awards 2012 with IACC Dignitaries ,Chief Guest Mr. Subodh Kant Sahai, Minister of Tourism, Govt. of India, Bollywood Superstar Mr. Salmaan Khan and esteemed guest Mr. Harsh Goenka, Chairman, RPG Enterprises on July 4th, 2012 at Hotel Trident, Nariman Point, Mumbai INDO -US BUSINESS

Bollywood Superstar's Mr. Salman Khan and Ms. Nargis Fakhri from the Movie Rockstar at the Award Ceremony

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Chamber News WEST INDIA COUNCIL

Meet on 'India- A Bridge between the Old & New Worlds' West India Council (WIC) of Indo-American Chamber of Commerce (IACC) organized its 3rd Breakfast Meeting at Hotel Marine Plaza on 10 May 2012. The guest speaker Ms. Manjeet Kripalani, a reputed journalist and currently Executive Director, Gateway House, spoke on the topic: 'India: A Bridge between the Old and New Worlds'.

The session began at 9:30AM post breakfast and networking. Naushad Panjwani, IACC – WIC Committee Member, welcomed the guests and introduced Ms. Kripalani, who was also the former India Bureau chief of the Business week magazine.

Members networking while breakfast

In her talk, Ms. Kripalani explored ways that India can serve as a useful and powerful mediator between the Middle East and the United States. The discussion looked at questions like India's role in the context of emerging societies resulting from the Arab Spring, how India, with its rich, historical ties with the Middle East, can serve as an effective mediator between the US and Middle Eastern countries, like Iran and Syria and how with its unique qualities and resource is ahead from the other emerging economies.

Ms. Kripalani, during her long career in journalism (Business Week, Worth and Forbes magazine), has won several awards, including the Gerald Loeb Award, the George Polk Award, Overseas Press Club and Daniel Pearl Awards. Kripalani was the 2006-07 Edward R. Murrow Press Fellow at the Council on Foreign Relations, New York, which inspired her to found Gateway House.

Gateway House: Indian Council on Global Relations is a new foreign policy think tank in Mumbai, India, established to engage India's leading corporations and individuals in debate and scholarship on India's foreign policy and the nation's role in global affairs. Gateway House is independent, non-partisan and membershipbased. +

Ms. Manjeet Kriplani, Executive Director, Gateway House engaging the members in the discussion

Ms. Kriplani interacting with the members during the Questions & Answers Session

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Chamber News PUNE BRANCH

Breakfast Session on 'Cloud Computing: Sunny Side Up'

Suhas Kelkar, Chief Technology Officer (Asia Pacific) - BMC Software giving presentation

(L-R) Moderator for the Panel Session, Ashutosh Parasnis, MD, Q Logic; Anand Kekre, CEO & Co-Founder at Vaultize; Prashant Shringarpure, CEO, Hexagon Executive Search, Suhas Kelkar

The IACC Pune Branch conducted the 8th Session of its Innovation@Breakfast Series at Pune Marriott Hotels & Convention Center on 29 May 2012. The topic for the Session was “Cloud Computing: Technology Led Business Transformation” presented by Suhas Kelkar, Chief Technology Officer (Asia Pacific) - BMC Software.

Audience present during the session

Supported by Citibank NA, the session was well received and attended by 30 participants of known organizations such as, Allscripts India Pvt. Ltd, Q Logic, Dynamic Logistics, KPMG, Venky's (India) Ltd. Oil-Seed Division, John Deere Technology Center, Bran Engineering Pvt. Ltd, etc. to name a few. +

GUJARAT BRANCH

Talk on 'US Elections: Economic Impact'

by US Don

The IACC Gujarat Branch and Gujarat Chamber of Commerce & Industries jointly organized a talk on “U.S. Elections: The Economic Impact” by Dr. Allan Lichtman, Professor and Chair of the Department of History at American University in Washington, D.C, on 23 May 2012 at GCCI Hall in Ahmedabad.

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Chamber News In his lecture, Dr. Lichtman touched the key points of media and oney that influenced general US elections.

Being ideologically flexible, the two contesting American parties - Democratic and Republican - are characterized by a decentralized structure. Once in office, a President cannot assume that his party's members in Congress will be loyal supporters of his favored initiatives, nor can party leaders in Congress expect party-line voting from their members. While displaying data of contemporary the US elections system, Dr. Lichtman also explained historical ways of conducting US General Elections.

Dr. Lichtman illustrated example of other barriers to third parties while elucidating broad based support and tend to draw voters from across economic classes and demographic groups, and then he described the decentralized party structure. While defining above topics he quoted couple of key Issues. First is that India has a big challenge ahead as the US is a nation focused on domestic economic issues and second, corruption exists everywhere including the US but in smart countries it is being exercised legally through influencing politics, Dr. Lichtman said.

On the economic front, Dr. Lichtman stated, America is now recovering and said that a country such as India

(L-R) Pankaj Bohra (Vice Chairman, IACC), Dr. Lichtman, Prakash Bhagwati (Sr. V.P, GCCI), Secretariat- GCCI & IACC

should not depend only on the US as the post general election. There won't be much fundamental change in American policies for courtiers such as India and China.

However, he was impressed with the growth of Gujarat.

Pankaj Bohra, Vice-Chairman, IACC and Prakash Bhagwati, Sr. Vice-President, GCCI welcomed and felicitated Dr. Lichtman. There was very interesting interactive session for 20 minutes. The programme was followed by dinner. +

US Vice Consul Minez Explains H & L Visa Procedure The IACC Gujarat Branch and Gujarat Electronics & Software Industries Association (GESIA) jointly organized a program on “H & L (Temporary Worker) Visas to the United States at Hotel Gateway, Vadodara, on 24 May 2012.

Roland Minez, Vice Consul, US Consulate General, Mumbai, gave a presentation on H & L Visa categories for the US. He said the increasing business relations between the two countries required people to travel and work from the US and it is therefore important to understand the requirements and pre-requisites for these categories of Visas.

(L-R) Ms. Krishna Israni, Branch Secretary, IACCGujarat Branch; Roland Minez-Vice Consul, US Consulate General, Mumbai & Maulik Bhansali, president GESIAVadodara chapter

He discussed the US work visa policy and the prospects of a professional career in that country. He talked about what is H & L Visa and what the requirements to obtain this visa and cleared the misconceptions about it. Minez also shared the right process to get the visas and replied the questions related to business and tourist Visa categories.

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Chamber News Minez is currently serving as a consular officer at the US Consulate General in Mumbai. This is his first tour with the state department. He earned his BS in International relations from the Unites States Military Academy at West Point, New York and a Master of Science in International Relations and Global Studies from Troy University. Prior to joining the Foreign Service, he served as an infantry officer in the US army in Georgia, Washington, Iraq, Algeria and Key West Florida.

Maulik Bhansali, president GESIA-Vadodara chapter and

Ms. Krishna Israni, Branch Secretary, IACC-Gujarat Branch said that this program has helped industries, businesses and professionals to get good understanding on the US Business and Work Visas and clear many confusions around it.

The session was very helpful as Minez also interacted with participants on one to one basis. The program was very well attended and represented by various industries, professionals and academicians. The programme was followed by high-tea. +

NORTH INDIA COUNCIL

Farewell Lunch for Ms. Valerie Brandt Kanwarani Sohinder Nabha, Member of IACC Women's Committee, hosted a farewell lunch for Ms. Valerie Brandt, Committee Chairperson on 3 May 2012 at India Habitat Centre, New Delhi + (L-R) Mrs. Anita Meattle, Founder Chairperson of NIC Women's Committee; Members of NIC Women's Committee Mrs. Anita Behl; Ms. Seita Vaidialingam; Mrs. Nilanjana Dalmia; Mrs. Kelly Jarvis, Kanwarani Sohinder Nabha, Mrs. Valerie Brandt, Chairperson of IACC, NIC Women's Committee; Mrs. Vibhuti Mehta, Mrs. Aruna Sethi, Incoming Chairperson of NIC Women's Committee; Mrs. Neelu Sadana, Assistant Secretary, IACC-NIC

Meet with Advisor to Planning Commission's Dy Chairman, An Interactive Session with Gajendra Haldea, Advisor to Deputy Chairman, Planning Commission, government of India, was organized on 9 May 2012 at Hotel Shangri-La, New Delhi. +

(L-R) S K Sarkar, Regional President, IACC ; Ms. Judy Reinke, Minister Counselor for Commercial Affairs, US Embassy; Gajendra Haldea, Advisor to Deputy Chairman, Planning Commission, Ashish Wig, Chairman, IACC, NIC Infrastructure Committee.

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Chamber News

S.K. Sarkar, welcoming the participants

Ms. Judy Reinke addressing the session

Atul Sharma, Partner, Link Legal interacting with the audience

Overview by Amber Dubey, Partner, Infrastructure Group, KPMG

K Narayana Rao, Director, GMR Group giving Presentation on Airports Infrastructure

S. V. Patwardhan, Advisor, Madhucon Group making the presentation on Roads

Sudhir Hoshing, CEO, Road Business, Reliance Infrastructure Limited addressing the participants on roads

Rajeeva Sinha, Whole Time Director, A. Soundararajan, Chief General Manager & Adani Ports making a presentation on ports Head-Project Control, L&T Metro Rail (Hyderabad) Limited making a presentation on Metro Rail

Gajendra Haldea addressing the Interactive Session

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Chamber News Session on Proposed 'Negative List' under Service tax regime The Indo-American Chamber of Commerce (IACC), in association with KPMG organized an interactive workshop on proposed 'Negative List' under Service tax regime and Place of Provision of Services Rules, on 11 May 2012 at DoubleTree by Hilton in New Delhi.

The session and panel discussion were moderated by Pratik Jain, Indirect Tax Partner, KPMG. While Jain gave a presentation on Negative List, Ms. Supriya Oberoi Jain (Director – KPMG Indirect Tax Practice) spoke about Place of Provision of Services Rules. V.K. Garg [Joint Secretary (TRU) - Central Board of Excise and Customs, who is part of the drafting team of the proposed Negative

S. K. Sarkar, Regional President, IACC welcoming the participants.

Pratik Jain, Indirect Tax Partner, KPMG making the presentation on Negative List of Service tax

Mr. VK Garg, Joint Secretary (TRU) - Central Board of Excise and Customs addressing the Interactive session

List regime, also gave a presentation outlining government's perspective about these changes.

The meet not only enabled the participants to gain valuable insights into 'Negative List' and 'Place of Provision of Services Rules', but also gave an excellent opportunity to raise issues and seek clarifications directly from Garg. The sessions and panel discussions were moderated by Pratik Jain.

The session was very well received with around 50 participants, including representatives from Coke, GSK, British Telecom, Aricent, Bharti Airtel, Suzlon, GMR, HT Media, Indus, Canon, etc, attending it.

Krishan Malhotra, Chairman, IACC, NIC Finance Committee making the Theme presentation during the interactive session

Ms. Supriya Oberoi Jain, Director – KPMG Indirect Tax Practice making the presentation about Place of Provision of Services Rules

(L-R) R Sridhar, Coca Cola; Anil Bahl, Head-Indirect Taxes at Bharti Airtel Ltd.; V. K. Garg; Pratik Jain

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Chamber News Panel Discussion on Interfacing Industry, Govt & Civil Society The IACC- North India Council organized a session on governance- “Interfacing Industry – Government – Civil Society” on 9 June 2012 at Hotel the Claridges in New Delhi. Bharatiya Janata Party National President Nitin Gadkari was the Chief Guest. S. K. Sarkar, Regional President, IACC welcomed the participants.

During his address Nitin Gadkari said that his party will unveil a Vision Document titled “India 2025” after consultations with stakeholders, which will address the present challenges and development imperatives of the country.

He said that as a run-up to the drafting of the document, a meeting of the chief ministers of nine BJP ruled states was being called shortly to collate inputs for the comprehensive document. For the business to function smoothly and to generate income and employment to the people there is the need for visionary leadership, credibility in administration and fine tuning of decision making.

What we intend to achieve by formulating a vision document is to set our goals to marked targets and achieve them in a time bound manner,” he added.

In this regard, Gadkari also said that BJP would hold lawyers meet soon to discuss about the judicial reforms that

are critically important to take the reform process to the logical end.

Laying emphasis on growing corruption in the country, Gadkari said that it was mainly on account of the opaqueness of the system and IT enabled e-governance would help in cutting down corruption by at least 50%. He said that as a responsible opposition party, BJP would lend creative support to the ruling party in addressing these grievances and added that “for any fruitful dialogue on these matters, the consensus should go beyond party affiliations and politics. The ruling party should invite us for the dialogue and then only we can tender our opinions and suggestions.”

The Session was followed by a panel discussion, moderated

by Amit Chatterjee, Managing Director, ASQ India & Chairman IACC, Governance Forum. The panelists included Sushil Aggarwal, Associate Vice President, Infosys; Arun Kumar, Ex-Secretary Industries, Government of India; Bharat Wakhlu, Resident Director, Tata Services and Kush Verma, Director General, Lal Bahadur Shastri National Academy.

Atul Sharma, NIC Past President delivered vote of thanks.

Chamber News SOUTH INDIA COUNCIL Andhra Pradesh Branch

Session on US Visa Procedures The IACC-Andhra Pradesh Branch organized an interactive session on US Visa Procedures on 4 May 2012 at the Westin Hyderabad Mindspace, Madhapur, Hyderabad. The session was addressed by Michael Yoder, Consular Section Chief of US Consulate General in Hyderabad along with his colleagues and Counseling Officers Gamya Tirumalasetti and Samina Nizami, +

Michael Yoder, Consular Section Chief of US Consulate General, Hyderabad addressing the session

.

Session in progress

Samina Nizami, Counseling Officer from US Consulate General, answering questions

Karnataka Branch

Conclave on Opportunities in Indian Aerospace Sector The IACC Aerospace & Defense Forum organized an aerospace conclave – 'Expectations & Opportunities in the Aerospace Sector' on 8 June 2012 during the 2nd Global Investors Meet (GIM) 2012 at the Bangalore International Exhibition Centre (BIEC), Bangalore. The program was attended by leading members of the aerospace fraternity from Bangalore and India.

Vasanth Kini Chairman IACC Aerospace & Defense Forum and National Executive Council Member, opened the session and V Srinivasan Chairman IACC Karnataka welcomed the distinguished audience. Donald Lu, Deputy Chief of Mission US Embassy in New Delhi , delivered the keynote address.

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Chamber News There were also presentations from Dr. Bala Bharadvaj, Managing Director‐Boeing Research & Technology India, B. Subramanya Bhat, Asia Supply Chain Manager‐ Moog, and Bejoy George, CEO‐ Axis Aerospace & Technologies.

Donald Lu while addressing the audience said that the most significant request from the Indian defense establishment was for greater technological transfer from the US to India. He said, “Indian and US companies are working together to produce high-class products.

As an example, Lu pointed out the new Tata‐Lockheed‐Martin Factory at Hyderabad, which is focusing to build tail sections for all future batches of C‐130 Hercules military transport aircraft, using US technology and Indian skilled workers. Similar ventures could create new employment and economic opportunities in both the countries, he said, adding that “the Boeing Research and Technology Centre in Bangalore is developing cutting‐edge technology for the global

market.” Ms Jennifer McIntyre, Consul General, Chennai, was also present.

Dr. Bala Bharadvaj, Managing Director Boeing Research and Technology India spoke about the “Role of Technology in Aerospace”. B. Subramanya Bhat, Asia Supply Chain Manager, Moog India Technology briefed about the “Experiences of Aerospace Supplier Management, expectations of Tier 1 companies and where Indian Companies stand”. Bejoy George, CEO, Axis Aerospace & Technologies shared his approach for “Sustainable Aerospace Offshore Outsourcing”. All 3 topics were linked and appreciated.

The program was followed by a Q & A session, which was wrapped and moderated by Vasanth Kini, Chairman of IACC's Indo‐US Aerospace Forum. V Srinivasan Chairman IACC Karnataka delivered the vote of thanks and requested the audience to visit the IACC pavilion at the concurrent GIM Expo on site. +

Workshop on Doing Business with Indian Aerospace & Defense PSUs The IACC Aerospace & Defense Forum in association with the US Foreign Commercial Service organized a workshop on 'Doing Business with India's Aerospace and Defense PSUs' on 17 May 2012 at Fortune Select J P Cosmos, Bangalore for an 18 member inbound delegation from the Association of Manufacturing Technologies (AMT) McLean Virginia USA. Companies represented were CleanTech, Greenerd, Mastercam, Jergens, Engis, Hangsterfers, AMEC, Hunco, Setco, Hammond, etc.

Vasanth Kini, Chairman of IACC's Aerospace Forum, spoke about the experience of his company Titanium

Vasanth Kini, Chairman,Indo‐US Aerospace Forum (IACC) addressing the audience

Industries and gave an overview of the workshop. The workshop was specially organized for the delegation to educate them on doing business with Indian PSUs such as Hindustan Aeronautics Limited (HAL), Bharat Heavy Electricals Limited (BHEL), BEML (Formerly Bharat Earth Movers Limited), Bharat Electronics Ltd (BEL), DRDO, ISRO and others, whose representatives also attended this event. Other speakers were Leonard Roberts Director US FCS Bangalore, Krishnadas Nair President, SIATI, Umesh Chandra, ED (Aerospace) BEML, and Ashok Saxena, Chairman, Bangalore Aerospace/HAL. +

Rob Hurley of AMEC USA during the questions & answers session

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Chamber News Tamil Nadu Branch

Bolstering bilateral trade & investment top Priority - US Ambassador Nancy Powell The IACC Tamil Nadu Branch organized a breakfast meeting with Ms. Nancy J Powell, US Ambassador to India on 21 May 2012 in Chennai.

Addressing the members of Indo-American Chamber of Commerce, Ambassador Powell mentioned that her top objectives for promoting Indo-U.S. partnership are going to be: • Bolstering bilateral trade and investment and expanding business opportunities • Expanding our defense cooperation across all the military services and at all levels.

• Enhancing our cooperation in international and multilateral fora.

• Encouraging India's role in promoting a peaceful, prosperous, and democratic Indian Ocean region and • Increasing cooperation on counter-terrorism and global threats.

Ms. Powell further said that in 1995, U.S. FDI into India was negligible; it now stands near $30 billion. Equally impressive is that Indian FDI in the United States now tops $3 billion. In the early 1990s, it would have been difficult to imagine that flagship US companies such as GE, Cummins, and Microsoft would one day employ tens of thousands of people here in India, let alone imagine a day when Indian companies would invest billions in the US economy. India

Ms. Nancy J Powell, U.S. Ambassador to India addressing the members of IACC and other invitees at a breakfast meeting

has become one of the fastest growing sources of investment in the United States, creating well-paid jobs for tens of thousands of Americans. Nearly 50 percent of the high-tech startups in Silicon Valley and Washington, D.C. are owned by Indians or Indian-Americans.

Noting there were opportunities for innovative publicprivate partnerships in the areas of nano-technology, biotechnology and homeland security, the Ambassador said the two countries were expecting to kick off the new round of discussions on the Bilateral Investment Treaty (BIT) to foster investment opportunities. In the defense sector, she said India was the third largest foreign military sales market for the US in 2011. “We are poised to sign an additional $8billion in direct commercial and foreign military sales”.

While speaking on the Tamil Nadu Chief Minister's ambitious infrastructure development plan entitled “Vision Tamil Nadu 2023”, she mentioned the US committed to helping Tamil Nadu realize these goals by building on a trade relationship that stretches back for centuries. The US appointed its first Consular Agent to Chennai in 1794. Today, Tamil Nadu is home to major American companies in almost every economic sector.

These companies have created hundreds of thousands

Chella K Srinivasan, National Vice-President, IACC exchange greetings with Ambassador Powell. Also seen are T.N. Venkatanarayanan, Vice-Chairman; Raman Govindarajan, Chairman, IACC (TN Branch) and Ms. Jennifer McIntyre, U.S. Consul General in Chennai.

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Chamber News direct and indirect jobs in the state. Moving forward, the US is committed to working with progressive state leaders to reduce barriers to trade and investment and strengthen mutually beneficial economic relationships between our two countries.

Ambassador Powell pointed out the supportive role of IACC in Chennai in the recent trade missions from US in the water, ports and logistics and education sectors. She said “IACC has also been incredibly supportive of our efforts to reach businesses in Tier 2 cities throughout India.

I am excited to learn about the Commercial Service's American Business Corners that are being opened in cities like Madurai and Coimbatore with the support of the IndoAmerican Chamber of Commerce”.

A section of the audience

In conclusion, Ambassador Powell added that the IndoAmerican Chamber of Commerce and the American Chamber of Commerce in India have been great supporters of the US-India strategic partnership and is a key partner in our mission's efforts across the board. +

Kerala Branch

Interactive Session on US-India Trade Ms. Lorraine Hariton, Special Representative for Commercial and Business Affairs (CBA), addressed an Interactive meeting on 'US-India Trade' organized by the IACC - Kerala Chapter in Cochin on 4 May 2012.

Ms. Hariton spoke at length about global economic growth challenges. She highlighted the significant level of progress achieved in Indo-US co-operation in the areas of economic development. Ms. Hariton answered questions raised by the members on various topics.

Ms. Hariton is responsible for State Department outreach to the business community and commercial advocacy efforts. She works with the business community worldwide to ensure that commercial diplomacy efforts support U.S. foreign policy objectives.

G.C. Gopala Pillai, Chairman, IACC-Kerala welcomed the gathering and George Paul, Past President IACC-SIC proposed the vote of thanks. +

Ms. Lorraine Hariton, Special Representative, Commercial & Business Affairs, U.S. State Department & G.C. Gopala Pillai, Chairman, IACC-Kerala during the session on USIndia Trade

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Chamber News EAST INDIA COUNCIL

Fellowship Night Bonds Indo-US Business & Bonhomie IACC-EIC Organized an Indo-US Fellowship Night 2012 on 10 July 2012 at Hotel ITC Sonar, Kolkata. The Fellowship Night was celebrated to commemorate the American Independence Day of Fourth of July. US Consul General, Kolkata, Dean Thompson graced the occasion as the Chief Guest. The programme was set in motion with the playing of the national anthems of the United States and India. The special guests for the occasion were Sanjay Budhia, Managing Director, Patton International Ltd. and Dinesh Thacker, Managing Director of Thacker's Dairy Products Pvt. Ltd. Welcoming the guests, President of IACC-EIC, Ms. Heena Gorsia in highlighted the meaning of the word 'fellowship' in the context of friendship and goodwill and how such events help in fostering the bilateral ties between two such great democracies as India and the US. Dinesh Thacker spoke about how relevant it is for a bilateral chamber like IACC to stage meaningful and effective meetings such as this event, which, will not only render long term benefit for us members and guests but also send out a proper signal.

Sanjay Budhia said how organizations such as IACC play a pivotal role in taking the Indo-US relationship a step further. He also mentioned how closer home, the East &

North-East of India can play a significant role in India's heightened engagement with the US. Chief Guest Dean Thompson neatly and succinctly outlined the urge to promote bilateral ties between the two nations as both share much in common and can learn much from each other. He also mentioned the influence of the Indian diaspora in the US and how it constitutes a major part of the diverse population of the nation. With a bit of humor from our MC, the short business session was successfully concluded.

The business session was followed by a scintillating piano recital by well-known pianist and a dear member Ms. Rajlakshmi Ghosh whose short recital was hosted by none other than supermodel and TV actress Ms. Parijat Chakraborty, who added much to the glitz and glamour of the event by showing up in one of the creations from Ms. Rajlakshmi's new collection. The recital opened with a rendition of Tagore's “Rimjhim Ghono Ghono”, followed by classic pieces such as Hazarika's “Ganga Tumi”, Tagore's “Aami Chini Go Chini” and ended with one of the Bard's most famous songs inspired by the “Auld Lang Syne”, “Purano Shei Diner Kotha”. The recital officially came to an end after an impromptu rendition of “Lara's Theme”, one of the evergreen classics of all time.

A cocktail reception followed where guests present included top bureaucrats and diplomats from the

(L-R) S. D. Mookerjea, Vice-President, IACC-EIC; Mr. Sanjay Budhia, Managing Director, Patton International Ltd.; Dean Thompson, US Consul General, Kolkata; Dinesh Thacker, Managing Director, Thacker's Dairy Products Pvt. Ltd ; Ms. Heena Gorsia, Regional President, IACC-EIC

Chief Guest, Mr. Dean Thompson, US Consul General, Kolkata, addressing the meeting.

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Chamber News government such as Ms. Mira Pande, IAS, Chief Environment Officer Debal Ray, danseuse Ms. Alokananda Ray, designer Abhishek Dutta, social worker Shamlu Dudeja. Laughter, merriment and a musical fusion of “East meets West” was the flavour of the evening which made the event a glowing reflection of bonhomie and bonding which always arises from mixing business with a bit of pleasure. +

(L-R) S. D. Mookerjea, Ms. Parijat Chakraborty, Dinesh Thacker, Ms. Heena Gorsia, Dean Thompson, Nazeeb Arif, Vice-President, Corporate Communications, ITC Ltd., Sanjay Budhia, Managing Director, Patton International Ltd. & Ms. Rajlakshmi Ghosh, owner of PBI Group and also a member of IACC-EIC Film Actress & supermodel, Ms. Parijat Chakraborty, the compere for the piano recital giving an introduction to the audience.

Panel Discussion on Environment The IACC-EIC hosted a panel discussion and video conference on "Environment- Evolving Sustainable Strategies" on 28 June 2012 at the American Center, Lincoln Room, Kolkata. + Panelists (seated L-R): Ajeya Bandyopadhyay, Senior Manager, Advisory Services, Ernst & Young; Aloke Mookherjea, Chairman, Flakt Industries India Ltd.; Debal Ray, Chief Environment Officer, Government of West Bengal & Anjan Sengupta, President, First Climate India

Audience listening to DVC panelist Manohar Kulkarni, Director of Illinois Sustainable Technology Center, University of Illinois, Urbana Champaign

Audience at the Panel Discussion

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