INDIA NEWSLETTER PUBLISHED BY THE EMBASSY OF INDIA VIENNA YEAR 1 | ISSUE 9 | SEPTEMBER 2011
News Economy & Business August 2011 Highlights ► SPECIAL Engineering Exports. India's engineering exports saw a whopping growth of 187% to $8.2 billion in July year-on-year on the back of rising demand, mostly from new markets like Latin America and Africa. In July last year, the exports stood at $2.88 billion, according to the data released by the Engineering Export Promotion Council (EEPC). "The increase in orders is mainly from emerging markets like Brazil, Mexico, Argentina and Colombia. But the demand is sluggish in Western markets like the US and Europe," an EEPC official said. Infrastructure. With electricity and steel showing healthy production growth, the eight core infrastructure industries expanded by 5.2% in June as against 4.4% in the same period last year. The industries -- crude oil, petroleum refinery products, natural gas, fertilisers, coal, electricity, cement and finished steel -have a weight of 37.90% in the overall index of industrial production. With addition of two sectors -- fertilisers and natural gas -- the number of key infrastructure sectors, picked up separately for measuring performance has now gone to eight. Electricity and steel grew by 8.2% and 12.5% in June from 3.8% and 4.3% in the same month in 2010. Crude oil production grew by 7.7% in the month under review from 6.8% in the comparable period of last year. Petroleum refinery products too grew by 4.7% from 2.9%. However, natural gas, cement, coal and fertiliser showed a decrease of 11.7% , 0.8% , 3.3% and 2.4%, respectively. Foreign Investments. In a further liberalisation of the portfolio investment route incorporating the industry's suggestions for a more vibrant debt market for the infrastructure sector, a new category of qualified foreign investors (QFIs) are now permitted to invest up to $13 billion in equity and debt schemes of mutual funds (MFs). Finance Ministry said: ―It has been decided that the aggregate investments by qualified foreign investors in equity schemes of the mutual funds under direct and indirect routes shall be subject to a ceiling of $10 billion.''◄
► ECONOMY Economic Growth. India could have the world's third largest GDP by 2025 if the country maintained its present growth rate, Prime Minister Singh said while conceding that the target of 9% growth for the next five years was "very ambitious" given the current state of the global economy. Income per capita. The per capital income in the country has jumped over two-folds between 2004-05 and 2010-11 to touch Rs 54,835 per annum, Parliament was informed today. Minister of State for Statistics and Programme Implementation Srikant Jena said that Delhi, Chandigarh, Puducherry and Haryana are the top states and union territories with regard to per capital income in 2010-11. "The per capita income at the national level, which was Rs 24,143 in the year 2004-05, stands at Rs 54,835 in the year 2010-11, showing an increase of more than 120 per cent," the minister said. Exports. Even as the Commerce Ministry warned exporters of a possible downslide in exports in the coming months, India's exports registered a steep 81.8 per cent yearon-year growth at $29.3 billion in July due to the sterling performance of sectors such as engineering, petrochemical products and gems and jewellery.
Increasing environmental awareness, growth of global carbon markets and the rise of green buildings and the like will eventually mean employment opportunities for lawyers, policy writers, carbon finance consultants, business risk analysts, architects and engineers adept in green building norms. As green jobs exist in all sectors, this means more engineering, more construction and more management jobs.◄
► BUSINESS/INDUSTRY Top Indian Companies. India's top 200 tech firms reported combined revenues of $ 84 billion in FY '11 to grow at 25%, the highest rate of growth in last 4 years. According to the annual research findings on the Indian IT industry carried out by Dataquest, the top 5 Indian tech companies in FY '11 were TCS, Infosys, Wipro, HP and Cognizant. The combined revenue of the Top 20 tech companies was US$ 54 billion in FY '11, an 8% increase from 2010. MoU. The Kerala Government and Tata Consultancy Services have signed a memorandum of understanding for setting up a clutch of facilities in the State, involving big -ticket investments. TCS will invest €150 million to set up its global training academy at Technocity here, the TCS Chief Executive Officer and Managing Director, Mr N. Chandrasekaran, said Investment. German tyre manufacturer and auto component supplier Continental AG on Wednesday announced an investment of around 50 million euros over the next two years to ramp up capacity at its existing production facilities and foray into into the radial tyre segment in the country. The company, which recently acquired Modi Tyres Co., will make the fresh investments at the latter's Modipuram facility.
Forex Reserves. After topping pre-crisis levels, India‘s foreign exchange reserves have posted a new high of $319 billion as on July 29, according to data from the Reserve Bank of India (RBI). While foreign currency assets have grown in tandem, appreciation in gold reserves has also contributed. Green Jobs. The fast-growing green energy sector is expected to create about one million new jobs in the country over the next two years, offering employment opportunities in diverse areas, feel experts.
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Expansion. Mahindra Satyam has opened a near shore delivery centre in Eindhoven (Netherlands), with an aim to strengthening its presence in the Benelux region. The company already has development and delivery centres in Western Europe, with near shore delivery centre in England (Basingstoke and Milton Keynes), Northern Ireland (Belfast), and Germany (Wiesbaden and Hamburg). ♦ Finish group Konecranes, world-leaders in Lifting Businesses, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and ter-
News August 2011 Highlights (cont'd ) minals, announced that it had entered into an agreement to acquire the Indian crane company WMI Cranes Ltd. Konecranes and has now completed the second phase of the acquisition whereby its ownership in WMI has increased from 51% to 100%. ♦ Schaffner, Swiss maker of energyefficient electronic components such as magnetic components and harmonic filters, sees major opportunities in India. It plans to set up a manufacturing facility in the country. The facility will manufacture the entire range of Schaffner products and solutions. ♦ Dutch consumer electronics firm Royal Philips is keen on turning India into an innovation hub for the development of more locally relevant products, particularly for its domestic appliances segment. Philips, which had acquired Chennai-based kitchen appliances firm Preethi in January this year, said it is looking to leverage on local technology as it looks at emerging markets contribute 40% of global revenues by 2015, up from 34% at present Electrical Equipment. The domestic electrical equipment manufacturing industry clocked a 16.6% growth during the first quarter of 2011-2012, the same level as in the previous year, according to industry estimates. The Indian Electrical and Electronics Manufacturers' Association (IEEMA) has based these growth figures on the production and sales data collected from its member organisations. ―While the electrical equipment industry was geared with production capacity, procedural delays in releasing tenders and contracts, and runaway cost escalation due to price of commodity inputs were holding back electrification of the country,‖ the industry body said. Automotive. World's cheapest car Tata Motors' Nano and the company's popular light commercial vehicle (LCV) Ace are set to roll out from new factories around the world, as early as next year. In order to increase global penetration, Tata Motors is planning to set up assembly operations in Indonesia and Brazil, apart from Eastern Europe, Mr Ratan Tata, Tata Motors' Chairman announced. ♦ The U.S. car maker Ford has zeroed in on Gujarat to set up a second plant in India. Post-liberalisation, India has always held huge opportunity for many a multinational. The expanding economy has only increased the attraction to the Indian market.
Post-Figo (small car) launch, Ford has become a visibly aggressive player in the Indian market. There was intense speculation that Ford would go in for a second plant sooner than later. Coming as it did, the announcement of second greenfield project of Ford in India should surprise none. Aerospace. GippsAERO, the aircraft manufacturing division of Mahindra Aerospace, and Rolls Royce have announced the signing of an agreement to partner on engine technology for a new aircraft. The companies signed an agreement to integrate the M250 B-17F/2 Rolls Royce engine into the GA10 aircraft. The GA10 is currently being developed by GippsAERO at its Morwell, Australia plant. The parties will work together to obtain Type Certification for the GA10 aircraft. Solar Technology. German based SMA Solar Technology AG, a solar energy equipment supplier has announced setting up of its wholly owned Indian subsidiary, SMA Solar India Pvt Ltd in Mumbai, reiterating the growing interest of global players in the Indian solar sector. ♦ REFUsol GmbH, a manufacturer of solar inverters, will start local production of its products from the end of this year and first deliveries by early 2012. This manufacturing facility will be located in Pune, where it has already set up a customer support office. REFUsol displayed some of its light, compact and powerful string inverters at the recently concluded 5th Renewable Energy India 2011 Expo in New Delhi. IT. Apparently, Lufthansa is about to sell its information technologies branch Lufthansa Systems. Rumour has it that negotiations with possible interested parties have already progressed to an advanced stage. According to ―Manager-Magazin‖, the interested parties are the IBM company and the Indian conglomerate Tata. ♦ Hewlett-Packard is setting up a dedicated data centre in Bangalore for delivering cloud services. The centre is expected to be come up by the end of this year, said a senior company official. ♦ RTS Realtime Systems Group (RTS), a leading global trading solutions provider headquartered in Frankfurt, Germany, announced that it has closed on its transaction to acquire First Futures Software Engineering Pvt. Ltd. (FFS), a high-end technology solutions provider based in Pune, In-
dia. The transaction marks RTS' first acquisition of another company since its founding in 1992. The firm also announced it would open a data center in Mumbai with India-based global telecommunications provider Tata Communications. ♦ Defence focused electronics company Bharat Electronics Ltd (BEL) is expanding its non-defence or civilian businesses. Over the last four-five months BEL's central research lab designed a basic tablet PC costing $72 that will be used by the rural development ministry to conduct a census study on people below the poverty line. A consortium consisting of BEL, Electronics Corporation of India and Industrial Training Institute will conduct the study. The tablet is powered by Android version 2.2, and runs on a solar battery. Coal. GVK Power & Infrastructure has reached a deal to buy two coal mines in Australia. The Hyderabad-based company will pay $2.2 billion for Hancock Prospecting's mines and the transport infrastructure which will be needed to move the coal at least 500 km to a port.◄
► INTERNATIONAL UK. India and Britain confirmed trade deals worth billions of pounds following talks between Union Finance Minister Pranab Mukherjee and Chancellor of the Exchequer George Osborne as part of the Economic and Financial Dialogue between the two countries. ―A number of steps have been taken to simplify the administrative procedures for taxation, trade and tariff and social transfers — and placing them on the electronic interface so that these are free of discretion and bureaucratic delays,‖ said Mr. Mukherjee. ―Britain is now making the largest foreign investment in India. It shows that British companies are competing with the best in the world, despite some sceptical voices, and is good for growth in Britain,‖ he continued, pointing out that last year, Prime Minister David Cameron led ―the largest British trade delegation of business leaders and politicians to India.‖ Additionally, India and the UK expressed commitment to conclude the broadbased India-EU Free Trade Agreement (FTA) by the end of the year. Negotiations have been going on since 2007. Belgium, South Africa. Scrutiny or inspection-free trade could soon become a reality
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News/Business August 2011 Highlights (cont'd ) with India, Belgium and South Africa launching a pilot to connect their customs under an initiative to network customs departments across countries. As a first step, India is rolling out a system - authorised economic operator, or AEO - under which traders, logistics providers, and customs agents sporting secure trader tag would be able to move their goods speedily through customs in countries with similar facility. Sweden. Sweden is keen on expanding its business and investment legacy in India as it explores symbiotic trade ties across a range of sectors, Ambassador of Sweden to India Lars-Olof Lindgren said. At present, India is Sweden's third largest trading partner after China and Japan in Asia, while Sweden is the 12th largest FDI investor in India. One of the proposals is for a tie-up in vocational training in aeronautics mooted by the Overseas Manpower Corporation. Lithuania. India inked a protocol and double taxation avoidance agreement (DTAA) with Lithuania to prevent fiscal evasion with respect to taxes on income and capital and facilitate exchange of banking information between the two countries. Switzerland. Swiss authorities have confirmed that the amendment to the Double Taxation Avoidance Agreement with India is on track to be ready by the end of 2011.
Georgia. India has signed a double taxation avoidance agreement (DTAA) with Georgia. This agreement provides a mechanism for effective exchange of information between the tax authorities, including exchange of banking information. UAE. Dubai export markets by value are highly concentrated in India and Switzerland, comprising 40% and 20%, respectively. According to Dubai Exports, this has been due to the export of gold to these countries, whereas other direct exports go mainly to Gulf Cooperation Council and the neighbouring countries in small shares. China. Sometime in late 2010-11, China overtook the UAE to become India's biggest trading partner, as Indian companies stepped up imports to fire their plants and factories. There are early signs that this Chinese exports-dominated $60-billion trade relationship may now be getting investment-focused, with China stepping up investments. ASEAN. After having 'trade in goods agreement', India has stepped up efforts for a comprehensive deal with the 10-nation Association of South East Asian Nations that would cover services and investment. Australia. Australia is keen to work with India in the establishment of Sector Skills
Council, said Australia's Minister for Skills and Jobs, Senator Mr Chris Evans. ―We are keen to explore possibilities for collaboration between Australia and India and to share expertise and experiences,‖ he said. The new bilateral Australia India Education Links Web site was one way to share experiences. The portal supports further education and training collaboration between the two countries' education and training institutions, business and industry. Latin America. Bilateral trade pacts and FTAs with Latin America will play a role in increasing trade with India, according to Ambassadors from four South American countries in India. While assuring support to inbound investments, providing swift clearances and visas, the Ambassadors of Mexico, Peru, Uruguay and Paraguay said there is growing interest for cooperation in IT and other spheres such as oil and gas and agriculture. During an interactive session hosted by EEPC India, they said headway has been made in some of the bilateral treaties that foster trade. Meanwhile, stronger ties between India and Colombia are drawing investments in sectors such as energy. Colombia became the second largest trading partner of India after Brazil in South America… it offers numerous opportunities to Indian businesses.◄
Articles Economic Reports on India foresee a bright future India to be $5.6 trillion economy by 2020: Dun & Bradstreet
India to see 405% rise in millionaire wealth by 2020: Delloite
India will become a $5.6 trillion economy by 2020, according to research firm Dun & Bradstreet, which has predicted a three-fold jump in the country's GDP from $1.7 trillion last fiscal on the back of rapid investment and growing consumer expenditure.
India is likely to experience a whopping 405% growth in total millionaire wealth by 2020, mainly driven by new wealth generators such as investments, salary income, equity stakes and new business, according to research firm Delloite.
"Indian economy will become a $5.6 trillion economy by fiscal 2020, at current market price, from the $1.73 trillion in fiscal 201011," Dun & Bradstreet India Senior Economist Arun Singh said.
Emerging markets will see a significantly higher growth rate in millionaire households compared to developed markets with India likely to experience the largest growth in millionaire wealth (405 per cent) among the BRIC nations, Deloitte (India) Head Financial Services Sachin Sondhi said in a release here today.
The rate of investment, consumer expenditure and infrastructure spending will be the driving force behind the country's economic growth over the next 10 years, he said, adding that these conclusions are part of a D&B report -- titled, 'India 2020' -released in the month of August.
India will be followed by China, which is poised to see millionaire wealth grow at 394%, followed by Brazil at 257% and Russia at 241% by 2020, he said. The four emerging markets make up the BRIC.
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India„s Rating upgraded due to i mp ro ve d e c o no mi c c o nd i t i o ns : Goldman Sachs (GS) Citing expected improvement in macroeconomic situation, GS upgraded India's rating to 'market weight', indicating bullishness in the short-term. After maintaining an 'under weight' status on India for one year now, GS also cited lower oil prices and government's push for policy reforms for the upgrade. "We upgrade India after a year at under weight, on a turn in the macro cycle, oil prices, valuation, and policy reform," it said in a research note. However, GS expects the Indian economy to grow 7.3% in the current fiscal, lower than the earlier projection of 7.5% expansion. The Reserve Bank of India has forecast 8% growth in 2011-12.◄
Business Snapshot India‘s Economic Outlook For 2011-2012 India‟s Economic advisory council has released its outlook for the year 201112. Some vital points are given below: Economy is expected to develop at 8.2 % in 2011-12. Agriculture grew at 6.6 % in 2010-11. Likely to nurture at 3.0 % in 2011-12. Industry grew at 7.9 % in 2010-11. Likely to nurture at 7.1 % in 2011-12. Services grew at 9.4 % in 2009-10. Likely to nurture at 10.0 % in 2011-12. The expected growth rate of 8.2 %, although inferior than the earlier year, must be treated as high and respectable, given the current world situation. The global economic and financial situation is not likely to improve according to the outlook. To keep the economy growing at 9 % it is significant to boost fixed investment rates. Investment rates are expected at 36.4 % in 2010-11 and 36.7 % in 2011-12. Domestic savings rates as a ratio of GDP are likely at 33.8 % in 2010-11 and 34.0 % in 2011-12.
growth pattern that is fairly different from what the old series (1993/94) had indicated. The output growth was grossly underestimated by the old series in 200708 and overestimated in 2008-09 and 2009-10. The impact of the Global Financial Crisis on industrial output was much stronger than had been indicated by the old series. In 2010-11 the output growth was higher at 8.2 % against 7.8 % indicated by the old series. Current Account deficit is US$44.3 billion (2.6 % of GDP) in 2010-11 and likely at US$54.0 billion (2.7 % of GDP) in 2011-12. Merchandise trade deficit is US$130.5 billion or 7.59 % of GDP in 2010-11 and projected at US$154.0 billion or 7.7 % of GDP in 2011-12. Invisibles trade surplus is US$86.2 billion or 5.0 % of the GDP in 2010-11 and projected at US$100.0 billion or 5.0 % in 2011-12. Capital flows registered at US$61.9 billion in 2010-11 and are projected at $72.0 billion in 2011-12.
The 2011 monsoon is anticipated to be in the range of 90 % to 96 % of Long Period Average. As a result, farm sector output is expected to grow at 3 %.
FDI inflows projected at US$35 billion in 2011-12 against the level of US$23.4 billion in 2010-11.
The revised series (2004/05) for Index of Industrial Production shows an output
FII inflows projected to be US$14 billion which is less than half that of the
Highlight Services Sector Exports
last year‘s US$30.3 billion. Accumulation to reserves was US$15.2 billion in 2010-11 and is projected at US$18.0 billion in 2011-12. The headline inflation rate would continue to be at 9 % in the month of JulyOctober 2011. There will be some relief starting from November and will decline to 6.5 % in March 2012. Available food stocks are to be freely released. Significant role for fiscal policy to contain demand pressure. Need to ensure that fiscal deficit does not surpass the budgeted level. RBI will have to persist to follow a tight monetary policy till inflation shows definite signs of decline. Achieving fiscal targets set in 2011/12 budget estimates to present a significant challenge. Government to redouble efforts to collect larger revenue, resolve cases to reduce tax arrears. Minimize avoidable expenditures and initiate measures to increase revenues. Resolve issues with states introduce Goods and Services Tax.
Reforms in power sector distribution system to limit the liabilities of state governments.◄
Trends in India‟s Merchandise Trade (INR in billion)
Trends in India‟s Services Trade (INR in billion)
1 EUR ≈ 66.86 INR in current rates
1 EUR ≈ 66.86 INR in current rates
Exports from the services sector, the largest and fastest growing sector in the economy, have recorded a more than six fold increase in the last nine years from $20.76 billion in 2002-03 to $131.97 billion in 201011. If this growth rate is sustained, services exports can touch the level of merchandise exports in the coming years, even as India's services trade, both export and imports, stood at 216.28 billion in 2010-11. It is worth noting: While merchandise trade reported a deficit of around $131 billion, services reported about $50 billion surplus trade in 2010-11.◄
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News India-Austria Bilateral Business News and Trade Report Indian acquires German firm from Austrian Group. The Indian Samvardhana Motherson Group acquired 80% of the German automotive supplier Peguform Group from Austrian Cross Industries AG.The value of the transaction is €141.5 milllion. Peguform employs approximately 7,000 workers, more than half of which in its six German factories. The company, which also conducts business in Spain, China, Brazil, Mexico und Portugal, is a leading European full service supplier of high quality interior and exterior systems, modules and other products for the automotive industry, including cockpits, dashboards, interior trims and bumpers. Peguform's major customers include renowned motor-vehicle manufacturers Audi, VW, Porsche, Daimler and BMW. Indian tourists in Austria: upward trend continues. Austria is becoming a more and more attractive destination in Europe for Indian travellers. The Austrian National Tourist Office recorded a rise of 44.3% in the arrivals of Indian tourists from January to June compared to the same period of 2010. Overnight stays of Indian tourists increased even by 49.4%, reaching a total of 88.500. Trade Volume Report (in million EUR) India‟s Export to Austria India‟s Import from Austria
Austria Showcase “Plant Machinery and Industrial Supply” to take place in India. The Trade Delegation of the Austrian Chamber of Commerce in India are organizing a showcase on ―Plant Machinery and Industrial Supply‖ in New Delhi and Mumbai from 19-22 September, 2011. The showcase should provide Austrian and Indian companies with opportunities for business synergies. Austrian offers new freight container service from India to Europe. With a nation-wide network of 14 offices and 165 employees established under its joint-venture company,Weiss-Rohlig India , Austria‘s largest family-owned transport and logistics service provider, Gebrueder Weiss , now offers a direct groupage freight container service from India to Europe. The weekly groupage freight container service started a year ago between Nhava Sheva and Vienna via Hamburg or directly to many European regions. Departure is every Monday and loading is carried out on Friday. The goods reach Hamburg within 18 days and arrive in Austria after another three to five days.
ative for the Development and Integration of Indian and European Research and shall be held in Vienna between 1 -2 December 2011. Aiming at fostering cooperation between India and Europe in the field of science, technology and innovation, the event will allow its more than 200 participants from ministries, academia, industry, SMEs, and research and innovation organisations to: 1) attend a scientific conference with high-level keynote speakers and scientists involved in projects funded by the New INDIGO ERA-NET, the Seventh Framework, 2) meet and discuss future research and development activities in the ‗Vienna Researcher‘s Café, 3) discuss the analysis and strategic findings of support initiatives for the cooperation between the regions, 4) participate in a lively discussion between scientists and policy makers, 5) broadcast their scientific and innovation ideas or support services in a dedicated poster session and 6) participate in science and cultural site visits. ◄
EU-India Science and Technology Cooperation Days to be held in Vienna. The event is organized by New INDIGO, an Initi2010
Change 2010/2011 (%)
The trade volume for the period January-May 2011 has registered positive marks for both exports and imports. India‘s exports to Austria increased by 20.6% to €240.04 million in this period, being the positive trend strongly pushed by a 21.4% increase in exports of Apparels and clothing accessories and a 45.8% increase in exports of Footwear. Other export areas that have registered considerable po sitive marks are: Medicinal and Pharmaceutical Products (+24.6%), Electrical Machinery (+45.7%), Textile Yarns and Fabrics (+17.3%) and Footwear (+45.8%). The overall decrease registered in Chemicals is, based on observation of previous results, seasonal. As far as India‘s imports from Austria are concerned, trade has been pushed by the increase of imports of Iron and Steel (+101.5%), Manufactures of Metal (+118.8%), Power Generating Machinery (+90.3%) and Scientific and Controlling Instruments (+125.4%). ◄
Visit the website of the Embassy at www.indianembassy.at and check out the
BUSINESS CENTER The Portal for India-Austria Business and Trade-related Information and Networking
6 | India-Austria Newsletter - September 2011
Dr Andreas Schaaf, President – BMW India 'Power shifting from Europe to emerging markets ' For a company that has led the fastgrowing domestic luxury car market from the second year of starting operations, BMW India still has a lot of fresh aces up its sleeve.
small cars, because worldwide there's a need of downsizing and front-wheel drives because of the emissions and (fuel) consumption aspect. Plus, they are needed in mega-cities.
In an interview with Business Line, Dr Andreas Schaaf, President – BMW India, explains how the company plans to sustain growth by introducing its complete portfolio over the next few years, including the iconic Mini brand. This could be followed by smaller models in the future.
Though we haven't yet decided what will be for India, there will be a whole range of cars under this.
Q: The X1 SUV has been driving your volumes for the past year. Is there now anything planned below that, maybe in the Mini brand? A: Almost every second car sold by BMW in India is out of the SUV segment, which is a very significant number. One of the main targets of my stint is to launch the Mini. If we decide to introduce the brand, I think the Countryman crossover will play a major role for India. The heart of Mini is certainly the Cooper hatch – which is the origin of the brand, but if you experience and look at the size of the Countryman, I think it would become the major selling model. With the road conditions here, the higher ground clearance, spacious interior and lifestyle statement of SUVs, make it a more sensible model. Q: What will be your strategy for the Mini brand? A: If we try to launch the brand, it will be a step-by-step approach. The Countryman is an important product for Mini, because this is the first time we've tried to grow the size of the car. And then we will have to look at how it is accepted in the market and how fast we have to develop our network. I think within 2-3 years, the range should be completely available in India. Q: BMW is also said to be developing smaller cars than the 1-series. With the competition also heading the same way, what will be your strategy for India?
The five markets we separately look into now are the Brazil, Russia, India, Korea and Turkey (BRIKT). There is not a single chance that a development these days does not take into account these. We discuss our Indian operations every quarter with the management in Munich. Last time when I was there in July, I had a 45-minute presentation about India market development with the Board. This gives you a picture on how important these markets are for BMW. One thing is for sure is that the power is shifting away from Europe to emerging markets, so if you have a long-term perspective on this business, as we have, then you have to look more carefully into this power shift.
refinement. This is also the strength of India and its suppliers – the simplicity of things and the cost structure. There will be a transformation towards the manufacturing of technologically-advanced components. I think it's started and we want to be aligned to this development. One day, perhaps, BMW will have full plant operations in India and it could export cars to other countries. This is what we have in mind for the next 10-15 years and will become a reality… we are trying to shape this. If the country is growing in this way and is expected to continue, it wouldn't make sense to put another plant in Germany. Brazil and India are now at the centre of discussions for the expansion of our production plant network. Q: Your main competitor, MercedesBenz, has announced its intent to start car leasing services. What are your plans?
Q: At the current pace of growth, BMW would need a second assembly line in a year. Is this on track?
A: We will launch leasing products within the next month. For me, it's a no-brainer, we need these, but it's a little complicated internally in terms of the IT and legal issues.
A: Yes, we will need a second line in the next few years as with the second shift capacity will almost be full at the first line. We already have the land and a decision on the new line will be made by end of this year.
It is important in terms of volumes, if you look at the US, leasing products are playing the major role. The main benefit is the hassle-free ownership experience, because at the end of the lease you just return the car.
The complexity of the Indian operations is the highest for BMW globally in terms of logistics and processes. We shift between models in a very short period of time, so it's all about flexibility. Q: Would you look to increase localisation production even further, may by set up an engine plant in India? A: There are a couple of thoughts on more local assembly of models, but nothing has been decided. Yes, India is a car manufacturing country but what is made here is very different in terms of level of technology and
QUOTE OF THE MONTH "Indian companies are among our largest investors " Rob Davies Trade Minister, South Africa
A: In the future, we'll have a platform for September 2011 - India-Austria Newsletter | 7
Business Article Starting business in India to take less than a day India has joined an elite group of countries where starting a business will take less than a day. The Ministry of Corporate Affairs (MCA) has simplified the procedures for incorporation to enable promoters to get their companies incorporated within 24 hours. The new procedure to issue online certificate of incorporation was implemented from August 11. Earlier, officials at the Registrar of Companies used to go through the available list of names and approve all documents manually. Incorporation took anywhere between four days to two weeks, depending upon individual issues. Under the new procedure, the promoters need to get the application and other relevant documents certified by a practising professional and the applications will be processed electronically. ―In case the e-forms 1, 18, 32 and e-form for Memorandum of Association and Articles of Association have been certified by the practising professional regarding the correctness of the information and declarations given by the subscribers, the application shall be processed electronically and the digital certificate of incorporation shall be issued online immediately by the Registrar of Companies,‖ the ministry said. Starting business is the first of the 10 subindices that form the Ease of Doing Business Index of the World Bank. India has consistently been placed at around 130 among the 183 countries ranked.
According to the Doing Business 2010 report, New Zealand, Canada and Australia bagged the top three rankings on the first sub-index, ‗Starting a business‘. For example, in Australia, there are two procedures required to start a business which take on average two days to complete. The official cost is 0.8% of the gross national income per capita. There is no minimum capital requirement. By contrast, in countries which ranked among the worst on the same subindex, there are several procedures required to start a business, taking up to 213 days to complete. The official cost is up to 323% of the gross national income per capita. A minimum capital investment of up to 1,006.6% of the gross national income per capita is required. Pawan K Vijay, CEO, Corporate Professionals Pvt Ltd, said the move would go a long way in improving India‘s rankings in ease of doing business globally. ―It is very positive. Earlier, it used to take 8-10 days. Getting it down to 24 hours will be a big boost.‖ While fewer and simpler regulations often imply higher rankings, putting adequate safeguards is also crucial, feel experts. ―While the ministry officials used to intrepret rules conservatively, professionals may take risk. Therefore, it is important for the ministry to explain the guidelines more explicitly,‖ said Vijay.◄
Article India to be second largest steel producer by 2013: Minister second-largest steel producer in the world. It is estimated that India will have a production capacity of 120 million tonne," Verma said.
Steel Minister Beni Prasad Verma exuded confidence that India would become the world's second-largest producer of the alloy by 2013, with an installed annual production capacity of 120 million tonne. "Currently, India has the fourth-largest steel sector in the world, both in terms of capacity and production. By 2013, India will be the
India's production capacity currently stands at around 80 million tonne and the minister said the capacity was expected to rise to over 150 million tonne by 2020. The steelmaking capacity of the country was just 51 million tonne in 2006. Meanwhile, Steel Secretary PK Mishra said by the end of the current financial year, the steel manufacturing capacity of the country might reach around 90 million tonne. "This is likely to cross 110 million tonne by next financial year when the brownfield capacity
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addition projects of SAIL, JSW Steel and Tata Steel get commissioned," Mishra said. The secretary said that growth in steel demand averaged 10% over the last seven years and there was a likelihood that the trend would continue at least for the next decade. "There are expectations that steel demand in the country may exceed 10% at times, during the next 10-15 years horizon. In such a scenario, our steel production capacity should reach 150 million tonne by 2018," he said. Mishra hoped that the country would be able to meet steel demand through domestic production at least for the next five years.◄
Industry Sector Close-up Infrastructure The strong level of economic growth achieved in India in recent years has led to an expansion of industry, commerce and per-capita income, which, in turn, have fuelled the demand for infrastructure services. India is one of the largest and most dynamic infrastructure and project finance markets in the world with the total number of project based Special Purpose Vehicles (SPVs) at around 800, according to Ratings Agency Fitch. India's infrastructure financing requirements and the new manufacturing policy being finalised will open up US$ 1 trillion opportunities for global investors over the next five years. The infrastructure sector accounts for 26.7 % of India's industrial output. Indian Infrastructure – Size and Growth The investment in infrastructure is expected to increase to 8.37 % in the final year of the 11th Plan and likely to touch 10 % of GDP in the 12th Five Year Plan (20122017). With the increasing investment, the share of private sector in the total investment on infrastructure has increased rapidly. The contribution of private sector in total infrastructure investment in each of the first two years of 11th Plan (2007-2012) was around 34 per cent. This is higher than the 11th Plan target of 30 % and 25 % achieved in 10th Plan period. It is expected to rise to 36 % by the end of 11th Plan and 50 % during the 12th Plan (2012-2017). The government has played a pivotal role in making Indian infrastructure sector an attractive investment destination for both domestic and foreign players. Steps taken by the government such as - opening up the sector to private players, liberalising foreign investment norms and huge spending on projects like National Highway Development Project (NHDP), National Maritime Development Programme (NMDP) et all- have given a stupendous impetus to the sector in the past few years. India's infrastructure sector output grew 5.3 % in May from a year earlier, slightly higher than an annual growth of 5.2 % in April, according to government data. During April-May, output rose 4.9 % from 7.9 % a year ago. Six core industries – comprising crude oil, petroleum refinery, coal, electricity, cement and finished steel - grew by 5.2 % in April
2011, according to the recent data released. Petroleum refinery and finished steel output grew by 6.6 % and 4.3 % respectively. Electricity generation expanded by 6.8 % in the reported month. Crude oil production performed quite well, registering 11 % growth as against 5.1 % expansion in the previous year. Coal output registered a growth of 2.9 % in April 2011, a complete turnaround in comparison to the same month last year, when output had contracted by 2.9% . Indian Roads India built about 1,800 kilometres (km) of roads in the fiscal year 2010-11. The government has announced constructing 35,000 km of highways by 2014 for which it has estimated an investment of over US$ 67 billion. A major chunk of this is expected from the private sector. During 2010-11, 50 road projects of 5,060 km were awarded, while around 15,450 kms of national highways were completed under the NHDP until March 31, 2011. Also, the Road Transport and Highways Ministry has requested the World Bank for financing the projects that include conversion of 20,000 km of state highways into national highways, besides upgrading 17,000 km of the latter. Seven projects involving widening of roads in five states were approved by a panel in the Finance Ministry at an estimated cost of US$ 1.69 billion and will be built under public-private-partnership (PPP) mode. The Public Private Partnership Appraisal Committee (PPPAC) chaired by R Gopalan, Secretary of Department of Economic Affairs, granted the approvals, according to the official statement. Meanwhile, the Indian government will award a record 7,300 km of road building contracts in 2011 worth about US$ 12 billion, said J.N. Singh, member finance at National Highways Authority of India. Indian Ports India is going global with its maritime ambitions. The government is setting up Indian Ports Global – a dedicated company like Dubai Port International and Singapore's PSA International – that will invest and acquire stakes in overseas ports and container terminals. To begin with, the cash-rich port trusts that
are owned by the government will pump in US$ 556 million into India Ports Global, which will initially act as the shipping ministry's investment arm. The company will then leverage this amount to raise another US$ 1 billion from the market by issuing tax-free bonds, officials involved with the initiative said. The capacity of Indian ports during 2010-11 crossed 1 billion tonnes per annum. Foreign direct investment (FDI) inflow into ports has been registered at US$ 1.64 billion from April 2000 to April 2011, as per data released by Department of Industrial Policy and Promotion (DIPP). Indian Airports Passengers carried by domestic airlines during January-May 2011 were 24.5 million as against 20.8 million during the corresponding period of previous year, thereby registering a growth of 17.6 per cent, according to data released by the Ministry of Civil Aviation. Addressing the India Aviation meet, organised by the Confederation of Indian Industry (CII) on March 15, 2011, Mr Nasim Zaidi, Civil Aviation Secretary said the passenger traffic was expected to cross the 180 million mark by 2015 and 300 million by 2020. Bangalore-based GMR Infrastructure is close to raising as much as US$ 150 million in the second round of private equity investment for its airport arm, GMR Airport Holdings. It had raised US$ 200 million from SBI Macquarie Infrastructure Fund in March 2011. The company is awaiting government approval for the deal. The FDI inflow into air transport (including air freight) has been recorded as US$ 373.06 million from April 2000 to April 2011, as per data released by DIPP. Indian Railways The total approximate earnings of Indian Railways on originating basis during April 2011 were US$ 1.8 billion compared to US$ 1.6 billion during the same period last year, registering an increase of 10.74 per cent. The total goods earnings have gone up from US$ 1.1 billion during April 2010 to US$ 1.23 billion during April 2011, showing an increase of 12.42 per cent. The total passenger revenue earnings in April 2011 were US$ 492 million compared to US$
September 2011 - India-Austria Newsletter | 9
Industry Infrastructure (cont‘d) 459 million during the same period last year, registering an increase of 7.09 per cent. The revenue earnings from other coaching amounted to US$ 49.5 million during April 2011 compared to US$ 44.8 million during the same period last year, showing an increase of 10.47 per cent. The total approximate number of passengers booked during April 2011 was 657.75 million compared to 624.54 million during the same period last year, showing an increase of 5.32 per cent. The FDI inflow into railways related components has been registered at US$ 137.57 million from April 2000 to April 2011, as per DIPP data. Key Developments There have been over 160 deals in the infrastructure sector in the last five years alone making infrastructure one of the most active mergers and acquisitions (M&A) sectors in India today. 1) Multilateral lending agency Asian Development Bank (ADB) has approved a US$ 250 million loan to part-finance the Bangalore Metro Rail Transit System Project (BMRTSP). The BMRTSP has a total cost of $2.7 billion and is scheduled to be completed in 2013. 2) Reliance Infrastructure will bid for at least five ―big‖ road projects of the 18 that the NHAI is likely to call for in 2011. 3) The World Bank has approved a US$ 975 million loan for developing the first phase of the eastern arm of the US$ 17 billion Dedicated Freight Corridor (DFC) Project in India. The 1,800-kilometre Eastern DFC is being constructed for freight specific transport of commodities by Indian Railways between Delhi and Howrah.
Government Initiatives Government initiatives including opening up a number of infrastructure sectors to private players, promoting investment in the sector by private players by permitting FDI, huge spending on projects like the National Highway Development Project, National Maritime Development Programme, etc. have opened up huge opportunities for investors. India government's maritime development agenda has geared to bring in sizable private money into sector, which is projected to see developments to the tune of US$ 22.22 billion during the ongoing National Maritime Development Programme. Solar power in India could cost the same as conventional electricity by 2019-20, a KPMG report said. A more aggressive policy could see solar power prices decline at a rate of 5-7 per cent annually over the next decade, ensuring ―grid parity‖, or the point when solar power costs the same as conventional power, as early as 2017-18. Such targets are well in line with India‘s plans to produce 20 gigawatts (GW) of solar power by 2022. The United States and India announced a joint US$ 50 million fund to promote research in clean energy technologies. The fund will help establish the Indo-US Joint Clean Energy Research and Development Centre which will finance academia, institutions and industry from both countries to undertake the research. Moreover, India aims to add 17,000 megawatts of renewable energy over five years starting 2012, stepping up the country‘s focus to develop clean energy sources. India will need an investment of US$ 33.6 billion to add the extra capacity in the 12th FiveYear Plan, renewable energy secretary Deepak Gupta said. Road Ahead The infrastructure sector in India is set to boom as the country enters a high growth phase. With a growing economy and double digit growth expected over the next few years, the infrastructure sector would witness exponential growth and enormous investments. The sector is attracting funds not only from the domestic funds but also from the international arena, even in the form of PPP. Other factors including political intent, liquidity position, commodity and crude prices, structural and procedural reforms at various government body levels are also well-placed to take the Indian infrastructure growth story forward. Looking at the current scenario and future growth potential, experts expect Indian Infrastructure Sector to outperform the trends in long term thereby providing excellent investment opportunities in the sector.◄
4) Japan International Cooperation Agency (JICA) has agreed to US$ 1.6 billion as a soft loan to India for various infrastructure projects in India. The loan will cover six development projects in the areas of power, transportation, forestation and energy to support India's efforts to improve its infrastructure. 5) Delhi Cargo Services Center (DCSC) has signed up Siemens Ltd to set up a state-of-the-art cargo handling equipment for the integrated cargo complex at the Delhi International Airport. The contract is worth US$ 37 million. 10 | India-Austria Newsletter - September 2011
Profile Big Players HCC infrastructure
HCC infrastructure, a wholly owned subsidiary of HCC Ltd, is a leading infrastructure developer engaged in the creation and management of assets in the areas of Transportation, Power, Water and Social Infrastructure. HCC's belief in the Public Private Partnership (PPP) model and its decision to enter the Design, Build, Finance, Operate and Transfer (DBFOT) business is part of a larger business plan. While investing in infrastructure assets is a natural progression of HCC's inherent ability to operate in most domains of engineering & construction, HCC Infrastructure is building expertise in asset development and management that extends to concept innovation, evaluation of risk and return and delivering the brand's promise to the customer over the life of the asset. HCC Infrastructure remains committed to developing a premium portfolio of infrastructure assets that will serve India's needs while creating shareholder value for the Company by generating stable, diversified and growing cash flow streams over the long-term. Since its inception two years ago, HCC Infrastructure has grown its portfolio to $1.2 billion in 2009-10. It's current assets under management include six NHAI road concessions, of which one is operational. Badarpur Elevated Highway on NH-2 is a 4.4 km elevated road connecting Delhi to Haryana and is scheduled for completion in October 2010, three months ahead of schedule. Dhule Palesner on the NH-3 Maharashtra / MP Border is an
89 kms four lane highway scheduled to be completed in June 2012. This project is being developed in partnership with John Laing of UK and Sadbhav Eng Ltd. Nirmal annuity road project in Andhra Pradesh on NH-7 is a 30 km four lane highway, and executed three months ahead of schedule. It is currently operational. In February 2010, the NHAI awarded three contiguous sections of approximately 256 km for the development of the existing two lanes to four lanes between Bahrampore to Dakhola on NH-34 in West Bengal. These concessions, worth $700 million, were awarded to HCC Infrastructure on a DBFOT toll basis with a cumulative grant of $225 million. The company plans to grow its road portfolio to $3.25 billion in the next 24 to 30 months, and will ensure adequate financial tie-ups to fund equity requirements of such projects and also bid for the newer mega-highway projects. Recently, HCC Infrastructure signed an MoU with Orascom Construction Industries (OCI), a leading Middle Eastern construction contractor, for bidding and developing large NHAI projects in India. HIL and OCI will also explore a broader scope of partnership with the intent of jointly creating a premium portfolio of infrastructure assets across different sectors in India. HCC Infrastructure is concurrently evaluating opportunities in Hydro Power and Water, where HCC has an inherent edge given its EPC capabilities. It is also evaluating opportunities in Airports and Ports. ◄
HCC infrastructure Address: Hincon House, 247 Park, LBS Marg, Vikhroli (West) Mumbai - 400083, India Phone: +91 22 25775959
/ Fax: +91 22 25794767
/ Web: www.hccindia.com
Emerging SME Tecpro Systems Limited Tecpro Systems Limited is an established EPC company in India,
solutions for the entire Balance of Plant (BoP) in the thermal pow-
engaged in providing turnkey solutions in Bulk Material Handling
er generation sector. The scope of its services includes design
Systems, Ash Handling Systems, Balance of Thermal Power
and engineering, manufacturing and sourcing of equipment and
Plant , Captive Power Plants and Pollution Control systems. Lev-
packages, project management and commissioning. Tecpro‘s
eraging its capabilities in coal handling and ash handling and its
outstanding performance and strength had won the ―Emerging In-
established project management track record, it provides turnkey
dia ‖ award in the INFRASTRUCTURE sector .◄
Tecpro Systems Limited Address: Tecpro Towers, Plot No. 11-A17, 5th Cross Road, SIPCOT IT Park, Siruseri - 603 103, Chennai, India. Phone: (+91 44) 3747 4747
/ Fax: (+91 44) 3744 3011 / Web: www.tecprosystems.com September 2011 - India-Austria Newsletter | 11
Trade Shows WHAT The Trade fair targets those who are working with Handicrafts, Art and craft as exporters, Importes, Processors, Manufacturers, Distributors and many emerging companies.
WHAT An International Trade Expo that offers Industry, Entrepreneurs & Corporate to showcase their vast potential.
WHEN November 14-27, 2011 WHERE New Delhi MORE INFO www.indiatradefair.com
WHEN December 1-5, 2011 WHERE Amritsar, Punjab
WHAT International Technical conference and Exhibition on Pulp, Paper, Conversion and Allied Industry WHEN December 10-13, 2011
WHAT The world's largest electrical Transmission and Distribution exhibition
WHEN January 18-22, 2012 WHERE Mumbai, India
12 | India-Austria Newsletter - September 2011
MORE INFO www.pitex.co.in/
WHERE New Delhi MORE INFO www.paperex-india.com
MORE INFO www.elecrama.com
Tourism State Profile Orissa Orissa has a chequered history which has successfully assimilated and synthesised the best of Buddhist, Jain and Hindu cultures. Orissa or Kalinga as it was then called was a settlement of nonAryan and Aryan settlers. It was a formidable maritime empire with trading routes stretching up to Bali, Sumatra, Indonesia and Java. The key to international trade and immense wealth, it was coveted by many rulers. In fact, it was here that the famous Battle of Kalinga was fought in 261 BC, which made the great Mauryan Kshatriya (warrior caste) king Ashoka forsake war. He became a follower of Buddhism and spread the spirit of ahimsa and peace, the message of Buddhism, to Ceylon (modern day Sri Lanka) and the Far East, Exquisite remains of the Buddhist past still remain in the areas of Udaygiri, Lalitagiri and Ratnagiri. Kharavela, who came to power in Kalinga, around 1st Century BC, was a staunch follower of Jainism. It is to this period that Orissa owes its Jain art and architectural tradition.
e of Lord d o b a e h t i, r Pu e of the n o is h t a n n a Jag celebrated four Dhams, rs of India te religious cen
The sophisticated architectural style of the Jain Monastic caves at Udaygiri and Khandagiri are a story unto themselves. During the 7th to the 13th Century AD, Orissa flourished. Trade and commerce increased and along with it evolved its art and architecture. The style of Hindu temple construction, so unique to Orissa also developed around this time. Bhubaneswar, the capital of Orissa, is also popularly known as the "Temple City of India". Being the seat of Tribhubaneswar or ' Lord Lingaraj ', Bhubaneswar is an important Hindu pilgrimage centre. Hundreds of temples dot the landscape of the Old Town, which once boasted of more than 2000 temples. Bhubaneswar is the place where temple building activities of Orissan style flowered from its very inception to its fullest culmination extending over a period of more than one thousand years. The new Bhubaneswar with its modern buildings and extensive infrastructure perfectly complements its historic surroundings. With facilities to cater to every type of visitor, Bhubaneswar makes an ideal tourist destination. â—„
Just south of Pu sea mixes with ri, the the 11 sq.km inland Ch 00 ilik Lake to create a largest brackish the water lake in Asia.
mall town Konark is a s of Puri t in the Distric points of e and one of th iangle of r the Golden T Orissa.
Some of Orrissaâ€&#x;s major attractions Bhubaneswar, th e capital of Orissa, is als o popularly know n as the "Temple City of India"
Cuttack offers g o wide variety of od and sho options to touri pping sts . unique filigree s Its ware, horn and ilver bra work and textile ss woven silk and s of cotton make this town shoppers parad a ise . IndiaTourism Frankfurt Baseler Str. 48 / D-60329 Frankfurt Tel: +49 (69) 242949-0 / Fax: +49 (69) 242949-77 www.india-tourism.com / email@example.com
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Special Census Provisional Figures of the Census of India 2011 The provisional figures of Census 2011 were released in New Delhi on March 31, 2011 by Union Home Secretary Shri G.K.Pillai and RGI Shri C. Chandramouli. Rising numbers in the literacy rate among the general population were just one encouraging results of I ndia‘s latest census reports. India at a Glance and Major Results (Provisional)
15 States/Union Territories have grown by less than 1.5% per annum during 2001-2011, while the number of such States/Union Territories was only 4 during the previous decade.
The total number of children in the age-group 0-6 is 158.8 million (-5 million since 2001)
Twenty States and Union Territories now have over one million children in the age group 0-6 years. On the other extreme, there are five States and Union Territories in the country that are yet to reach the one hundred thousand mark.
Uttar Pradesh (29.7 million), Bihar (18.6 million), Maharashtra (12.8 million), Madhya Pradesh (10.5 million) and Rajasthan (10.5 million) constitute 52% children in the age group of 0-6 years.
Population (0-6 years) 2001-2011 registered minus (-)3.08 percent growth with minus (-)2.42 for males and –3.80 for females.
The proportion of Child Population in the age group of 0-6 years to total population is 13.1 percent while the corresponding figure in 2001 was 15.9 percent. The decline has been to the extent of 2.8 points.
Overall sex ratio at the national level has increased by 7 points to reach 940 at Census 2011 as against 933 in Census 2001. This is the highest sex ratio recorded since Census 1971 and a shade lower than 1961. Increase in sex ratio is observed in 29 States/UTs.
The population of the country is 1210.19 million of which 623.72 million (51.54%) are males and 586.46 million (48.46%) are females.
The population of India has increased by more than 181 million during the decade 2001-2011
Percentage growth in 2001-2011 is 17.64; males 17.19 and females 18.12.
2001-2011 is the first decade (with the exception of 19111921) which has actually added lesser population compared to the previous decade.
Three major States (Jammu & Kashmir, Bihar & Gujarat) have shown decline in sex ratio as compared to Census 2001.
Uttar Pradesh (Home to popular tourist spots such as Agra, Lucknow and Varanasi) is the most populous State (199.5 million) in the country followed by Maharashtra (Home to Mumbai and Pune) with 112 million.
Kerala with 1084 has the highest sex ratio followed by Puducherry with 1038, Daman & Diu has the lowest sex ratio of 618.
The percentage decadal growth rates of the six most populous States have declined during 2001-2011 compared to 1991-2001:
Child sex ratio (0-6 years) is 914. Increasing trend in the child sex ratio (0-6) seen in Punjab, Haryana, Himachal Pradesh, Gujarat, Tamil Nadu, Mizoram and A&N Islands. In all remaining 27 States/UTs, the child sex ratio show decline over Census 2001.
Mizoram has the highest child sex ratio (0-6 years) of 971 followed by Meghalaya with 970. Haryana is at the bottom with ratio of 830 followed by Punjab with 846.
Literacy rate has gone up from 64.83% in 2001 to 74.04% in 2011 showing an increase of 9.21 percentage points.
Percentage growth in literacy during 2001-2011 is 38.82; males : 31.98% & females : 49.10%.
Literates constitute 74% of the total population aged seven and above and illiterates form 26%.◄
› › › › › › ›
Uttar Pradesh (25.85% to 20.09%) Maharashtra (22.73% to 15.99%) Bihar (28.62% to 25.07%) West Bengal (17.77 % to 13.93%) Andhra Pradesh (14.59% to 11.10%) Madhya Pradesh (24.26% to 20.30%)
During 2001-2011, as many as 25 States/Union Territories with a share of about 85% of the country‘s population registered an annual growth rate of less than 2% as compared to, 15 States/Union Territories with a share of about 42% during the period 1991-2001. 14 | India-Austria Newsletter - September 2011
Gallery Previous Events Flag Hoisting on August 15th celebrating the 64th Anniversary of Indiaâ€˜s Independence
September 2011 - India-Austria Newsletter | 15
Miscellaneous Agenda India-related Events in Austria Feel Your Spirit - Music and Art 3 September 10:00-19:00 Exhibition/Perform. 19:00-23:00 Concert 23:00 Indian Stickdance Party WUK, Währingerstrasse 59 1090 Vienna FREE ADMISSION Harri Stojka & the Indian Gipsys 15 October, 20:00 Wiener Metropol - Hernalser Hauptstr. 55, 1170 Wien More details at www.salam-orient.at Bollywood Kino 17-20 October C. v. Hötzendorfstraße 10 8010 Graz Programme details starting September 1st under www.indiasphere.at Von Bombay nach Kairo – orientalisch-indische Tanzshow 18 October, 19:30 Theater Akzent More details at www.salam-orient.at Qawwali-Ensemble „Neelay Khan“ - Ekstatische Musik aus dem Punjab 20 October, 19:30 Radiokulturhaus, Vienna 21 October, 20:30 Gasthaus Penkner, Steinbach More details at www.salam-orient.at
Ortweinplatz 1, 8010 Graz More Info: 0699/10 25 99 61 Registration: 1 Jul - 30 Sep via email at firstname.lastname@example.org K3 goes India Jazz- & Ethno-Live-Sounds 23 October, 13:00 FILMCASINO Margaretenstraße 78, 1050 Wien More details at www.salam-orient.at Diwali Fest 26 October, 17:00 Orpheum Graz More info at 0699 1025 9961 email@example.com indiasphere.at Pinzgau meets India For twelve whole days, the Wellness hotel Krallerhof in Leogang will be focusing on Ayurveda, Indian artists, typical Indian products and foods, Indian cuisine and the multifaceted fascination India exudes. One of the highlights of “Pinzgau meets India" is the traditional charity evening with Ö3 radio star Claudia Stöckl in aid of street children in India on 28 October 2011.
Additional Information: Wellness hotel Krallerhof A-5771 Leogang Tel.: 065 838246 Email: firstname.lastname@example.org www.krallerhof.com
Ethno Dance Competition 23 October, 10:00 TaO! Theater am Ortweinplatz Published by the commercial section at the Embassy of India, Vienna. www.indianembassy.at Contact: email@example.com
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