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INDIA NEWSLETTER

Embassy of India, Tel Aviv

No.40 Januar y - March 2010

Republic Day Celebrations 2010 opportunities for cooperation. A cultural programme was also organized that included patriotic songs / dance by Indian community dance groups of Mr. Avraham Bhonkar, Mr. Rony Bhastekar, Ms. Sophia Solomon and ‘Namaste Israel’. A Maratha dance was

Hoisting of the National Tricolour at Embassy Residence

The 61st anniversary of the Republic Day of India was celebrated at the Embassy residence on January 26, 2010. The event was attended by about 500 people comprising the Jewish community of Indian origin, Indian business community, Indian students, Embassy staff and their families and other well wishers. Following the flag hoisting and the national anthem, Ambassador read out the address of Hon’ble President of India, Smt. Pratibha Devisingh Patil to the nation on the eve of Republic Day. Ambassador also launched a publication “INDIA BECKONS”, which highlights IndiaIsrael bilateral trade and

Ambassador releases special book ‘INDIA BECKONS’ on India-Israel trade relations and opportunities

performed by the Indian contingents of UNDOF. Copies of President of India’s address to the Nation and Embassy Newsletter (September December, 2009) along with pamphlets on Know India Programme (KIP) were also distributed among the attendees. The gathering was later served Indian snacks.

‘Lezim’ performance by Indian Contingent of UNDOF

Excerpts from Hon’ble President Smt. Pratibha Devisingh Patil’s Address In the first decade of the 21st Century, India witnessed transformational changes. It also emerged as a force driving change in the world. Our achievements and experiences have, indeed, brought the nation to a definitional stage, where the promise of a bright future as a developed and progressive nation is for us to claim, as we all work together with conviction and commitment. Foremost amongst what we must continue with, is our democratic principles and way of life. We have ably demonstrated that we are a functioning democracy, time and again, choosing our governments through the ballot and by taking democracy to the grassroots. Also, as we are aware, democracy is very much more demanding. It is the rule of law. It is the rule of reason. And, as India has shown to the world, it is the rule of nonviolence. These values must be followed uninterruptedly in a nation that is as vast and as varied as ours. Secularism, our constitutionally chosen path, entails respect for all religions. Its place in our national life is unalterable. India is a land where followers of different religions have lived together for centuries. We must maintain social cohesion. Our tradition of living in accord with each other must continue to form an integral part of the rhythm of life of our future generations. Our nation has made significant strides. We are the fourth largest economy of the world in terms of purchasing power parity. Our target of achieving a double digit growth rate is plausible and realistic, given our impressive performance during the last decade and our resilience during the global economic downturn. We should continue with policies that promote growth, and also take growth patterns to the bottom of the pyramid and, to those currently outside its purview.


ECONOMIC NEWS

Minister of State for Commerce and Industry, Jyotiraditya Scindia visits Israel cooperation in high tech areas, including Information Technology, Biotechnology, Nano technology, Agriculture and Water Management. He also announced Government of India's decision to start negotiations for a Free Trade Agreement with Israel. Minister of State for Commerce and Industry, J. Scindia, meets with Israeli President Shimon Peres

Minister of State for Commerce and Industry, Mr. Jyotiraditya Scindia, led a three member delegation to Israel from February 16-18, 2010. During his visit the Minister met with the President of the State of Israel, Mr. Shimon Peres, his counterpart Mr. Benjamin Ben-Eliezer, Minister of Industry, Trade and Labour, and the Chief Scientist of Israel, Dr. Eli O p p e r. M r. S c i n d i a d i s c u s s e d possibilities of developing further

knowledge of Israel's expertise in these areas. He addressed a seminar organized by the Israel Export and International Cooperation Institute in collaboration with the Embassy of India which was attended by CEOs and representatives of major industries in Israel. The theme of the seminar was "Indian Economy in the Next Decade – an Engine for Growth". He also attended a lunch organized by the SBI Tel Aviv, where top business persons of Israel were also present.

Minister Scindia meets with Israeli Minister of Industry, Trade and Labor, Benjamin Ben Eliezer

The Minister met with leading Israeli industrialists to discuss promotion of trade and commerce between the two countries. He also visited an incubator and agricultural sites to have first hand

Mr. Scindia visits NaanDanJain Irrigation

Minister of State for Science and Technology visits Israel March 20-23, 2010 countries on the basis of the existing Memorandum of Understanding. The two Ministers discussed possibilities of greater exchange of scientists and researchers from both sides to take advantage of the complementarities between the two countries. The delegation meets with Israeli President Shimon Peres

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Mr. Prithviraj Chavan, Hon’ble Minister of State for Science & Technology and Earth Sciences, visited Israel from March 20-23, 2010. During his visit, Minister Chavan called on President Shimon Peres for a wide-ranging discussion on India-Israel scientific and technological cooperation. Mr. Chavan also met Minister of Science & Technology Rabbi Prof. Daniel Hershkowitz to review ongoing cooperation between the two

Weizmann Institute of Science for interaction with the senior management to explore closer cooperation with Indian scientific institutions. In addition, he visited a desalination plant in Palmachim, as well as the drip irrigation facilities at Kibbutz Naan to get firsthand knowledge of water and agricultural solutions which could have possible applications in India.

Minister Chavan meets with Israeli President Shimon Peres

Mr. Chavan also visited renowned Israeli Institute of Technology - Technion and

Minister Chavan meets with Israeli Minister of Science and Technology Rabbi Prof. Daniel Hershkowitz


ECONOMIC NEWS

Secretary of Agriculture visits Israel NABARD delegation

Mr. T. Nanda Kumar, Secretary of Agriculture, meets with Israeli Minister of Agriculture, Shalom Simhon

A 5-member high level delegation, led by Mr. T. Nanda Kumar, Secretar y (Agriculture & Cooperation), Ministry of Agriculture, Government of India, visited Israel from January 10-14, 2010. The delegation comprised of senior officials from the agriculture departments of Rajasthan, Haryana and Maharashtra. During their visit, the delegation met with Israeli Minister of Agriculture, Mr. Shalom Simhon, Mr. Yosi (Joseph) Ichay, Director General, Ministry of Agriculture & Rural Development, Mr. Itzik Ben David, Senior Deputy Director General, officials from the Agriculture Research Organization (ARO), officials from the Veterinary Services, and officials from MASHAV, Israel’s National Agency for International Development Cooperation,

Ministry of Foreign Affairs. The delegation participated in a round table conference organized by the Israel Export and International Cooperation Institute and interacted with leading Israeli agriculture companies. The delegation visited several sites of interest including NaanDan Jain Irrigation systems (Kibbutz Naan), Kibbutz Nitzanim (orange groves and citrus packaging house), Kibbutz Zikim (greenhouses), Moshav Shahar, Besor Research and Development Experiment Station, and Hydroponic plantations. In addition, the delegation visited the AgroMashov 2009 Exhibition at the exhibition grounds in Tel Aviv and explored the Israeli agricultural market and the opportunities it has to offer to India.

The delegation meets with Israeli Minister of Agriculture, Shalom Simhon and Mr. Yosi Ichay, Director General, Ministry of Agriculture

Israeli Minister of Industry, Trade and Labor visits India to discuss trade relations

Mr. Benjamin Ben Eliezer, Israeli Minister of Industry, Trade and Labor meets with Mr. Anand Sharma, Indian Minister of Commerce and Industry

Israeli Minister of Industry, Trade and Labor, Mr. Benjamin Ben-Eliezer,

traveled to India (January 11-14, 2009) on an official visit with a delegation of businesspeople from 25 Israeli companies in the fields of agriculture, infrastructure, alternative energy, water, internal security, communications and services. During his visit in New Delhi, the Israeli Minister met with India’s Minister of Commerce and Industry, Minister for External Affairs and Minister of Agriculture among other official meetings.

visits Israel

The delegation meets with Ambassador

A 13-member delegation of senior officials from National Bank for Agriculture and Rural Development (NABARD) led by Mr. S.S. Rajshekhar, General Manager, visited Israel from February 22 - March 1, 2010 for an Exposure-cum-Study visit on Regional Development, High Tech Agriculture and Innovative Irrigation Solutions in Israel. The major objectives of the Study were to document the development and the technological progress made by Israel in the areas that are critical and relevant to Indian agriculture and to examine its adaptability in India. The study team visited a number of farming systems - Moshavs and Kibbutz; greenhouse, computer controlled micro irrigation system, nursery unit, dairy unit, NaanDanJain Irrigation Company, besides holding discussions with Institute for Technology and storage of agricultural products and post harvesting, the Israel Export and International Cooperation Institute, State Bank of India and the Ambassador at the Embassy of India in Israel. In addition to the visits, the group had lectures on Integrated Regional Development the "Rehovot Approach" and on the Development of the Israeli Agriculture. The visit was organized by the Weitz Center for Development Studies, in Rehovot.

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ECONOMIC NEWS

GroWin program of IEICI

At the seminar: Israeli Minister for Industry, Trade & Labour Mr. Binyamin Ben Eliezer at center; Ambassador and Mr. Avi Hefetz, CEO IEICI to his left; Mr. P.S.R. Raju, VP FASAR Division, Yes Bank Limited and Mr. Elad Goz, Consul-Economic, Consulate General of Israel, Mumbai, to his right

The Israel Export and International Cooperation Institute (IEICI) has established a close-knit forum consisting of representatives from the Ministry of Industry, Trade and Labor, the Ministry of Foreign Affairs and the Ministry of Agriculture to bring together capabilities, budgets and resources to promote the GroWin program over the next decade from 2010 to 2020 for development of advanced agriculture in semi-arid areas in India by efficient use of water resources. The GroWin program aims to

reinforce and expand Indian-Israeli agricultural cooperation. It is structured as a Public to Private Partnership (PPP) model sponsored by the Israeli government. The program was launched on February 21, 2010 in the presence of the Israeli Ministry of Industry, Trade and Labor, Mr. Benjamin Ben Eliezer, and Ambassador Navtej Sarna. A delegation from YES Bank, India, also attended the seminar organized on this occasion and held talks with Israeli companies for possible partnership.

Haryana delegation visits Israel A 6-member high level delegation from Ministry of Agriculture, Government of Haryana, visited Israel from January 2329, 2010, in order to further explore cooperation with Israel. The delegation visited various sites of interest including the following: Rozen Nursery, Kibbutz Sde Eliyahu, Kibbutz Nir Oz, Kibbutz Kalya, “Yair Farm”

Research Station, and more. In addition, the delegation met with senior officials from MASHAV (Israel’s Agency for International Development Cooperation, Ministry of Foreign Affairs) and CINADCO (Israel’s Center for International Agricultural Development Cooperation, Ministry of Agriculture).

“India – Now more than Ever” Presentation at the Haifa University

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At the concluding session of the course “Doing Business with India”, part of the International MBA program at the Haifa University, a presentation on “India – Now More than Ever” was given by the Second Secretar y (Economic & Commerce), Mr. Sanjay Vyas, before MBA

students on February 5, 2010, at the Haifa University. The presentation covered both business related as well as cultural related issues which are of interest to anyone interested in entering the Indian market, opening an office there, and doing business with the sub-continent.

Mediterranean Tourism Market (IMTM) Exhibition

Ambassador inaugurates the Indian booth at the IMTM exhibition

The 16th International Mediterranean Tourism Market (IMTM) took place in the Israel Trade Fairs & Convention Center in Tel Aviv on February 9-10, 2010. IMTM is the largest annual professional tourism fair of its kind in the Eastern Mediterranean and it serves to promote incoming tourism, domestic tourism and outgoing tourism, as well as to strengthen cooperation among tourism bodies in Israel and elsewhere in the world. Seven Indian companies led by the India Tourism Frankfurt office (represented by Mr. Anil Oraw, Assistant Director) participated in this international tourism exhibition. The Indian participation included an India booth showcasing tourism opportunities in India. A seminar on "Incredible India" was held on February 10, 2010. The theme of the presentation was to project India as a tourist destination and to discuss ways to jointly promote tourism to and from India. The presentation was followed by an interactive session between the participating Indian companies and the Israeli counterparts attending the seminar. Various brochures, posters and DVDs were distributed to the participants.

Talk by Ambassador Ambassador delivered a talk on “Recent Milestones in India’s Foreign Policy” at Tel Aviv University on January 27, 2010. This was followed by a lively interactive session with the audience. The talk was attended by academicians, scholars and diplomats.


ECONOMIC NEWS

Indian Plastics delegation visits Israel

The delegation visits NaanDanJain

A 10-member high level plastic delegation from India, visited Israel from March 14-19, 2010 in order to further explore the Israeli Plastic market and the opportunities it has to offer to Indian companies. The delegation was led by Mr. Shiv Singh Mehta, President of the Organization of Plastic Processors of India (OPP) and Managing Director of Kriti Industries Ltd, and Mr. Ashok Goel, Vice Chairman & MD, Essel Propack Limited. On March 15, a business seminar called “IndoIsraeli Cooperation in Plastics” was or ganized by the Embassy in cooperation with the Federation of Israeli Chambers of Commerce (FICC). The seminar included greetings and presentations by Ambassador Navtej Sarna, Advocate Uriel Lynn, President of FICC, Mr. Shiv Singh Mehta, President OPP, Mr. Gil Haskel, Director,

Department for Economic Affairs III, Ministry of Foreign Affairs, and Mr. Eyal Dekel from the Manufacturers’ Association of Israel. Following the

Importing of Royal Enfield Motorcycles to Israel

For the first time, an Israeli company (Royal Enfield Israel 2008 Ltd) has started importing from India the Classic Royal Enfield motorcycles. On February 11, 2010, senior representatives of the company showcased some of the motorcycles at the Embassy before Ambassador Navtej Sarna and other senior officials of the Embassy. The company reported that till now over 20 Classic Royal Enfield motorcycles were imported to Israel.

Mr. Uriel Lynn, President of FICC, addresses the gathering

greetings and presentations there were B2B meetings between the Indian delegates and leading Israeli plastic companies. During their visit in Israel, the delegation visited various plastic factories and academic institutions including Shenkar College, NaanDanJain Irrigation Systems, Netafim, Metzerplas, Carmel Olefins, Plastopil, and Tefen Plastic.

At the business seminar ‘Indo-Israeli Cooperation in Plastics’

Young Indians Mission to Israel As part of the Young Indians Mission to Israel and Istanbul, a 14-member delegation visited Israel from March 1622, 2010. During their visit, the delegation visited various Centers of Excellence as well as leading companies including the Tel Aviv University, Shafdan (waste water treatment facility), the Knesset (Israeli Parliament), Weizmann Institute, NaanDanJain Irrigation Systems, MATIMOP (Israeli Center for R&D), Elbit Imaging, and more.

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CULTURAL ACTIVITIES

Indian Film Festival – A Guru Dutt Retrospective January 20 - February 8, 2010 The Embassy organized a Guru Dutt Retrospective in Israel from January 20 – February 8, 2010. The festival was supported by the Public Diplomacy Division, Ministry of External Affairs, New Delhi and was held in collaboration with the Cinematheques of Tel Aviv, Jerusalem and Haifa, and Shai Motion Pictures, Petah Tikva. During the festival seven of the acclaimed Guru Dutt’s films including “Sahib Bibi Aur

Ghulam”, “Chaudhvin Ka Chand”, “Kaagaz Ke Phool”, “Pyaasa”, “Mr. & Mrs.55”, “Baaz”, “Jaal” were showcased. A cocktail reception organised by the Mission preceded the inaugural screening of “Pyaasa” at Tel Aviv Cinematheque on January 27, 2010, which was attended by a large audience including diplomats and members of the Indian community.

Ambassador addressed the gathering and reflected on the strong social message of Guru Dutt’s movies. He also mentioned that the Guru Dutt retrospective festival was inspired by the success of the film festival held in December - January 2010. He also mentioned that the Guru Dutt retrospective festival was inspired by the success of the film festival held in December - January 2010.

“Hoduyada” in Eilat

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The Indian Jewish community in Israel celebrated the “Hoduyada”, in southern coastal town of Eilat from January 14 16, 2010. The highlight of the event was the performance by Indian Pop singer Daler Mehndi and his group who had especially come to perform on the occasion. They were joined by local artistes from the Indian community

groups during the events spread over three days. Mr. Sharad Srivastava, First Secretary, addressed the gathering and described the Indian community in Israel as a very important component of the growing relationship between India and Israel. He also briefed the audience about the various programmes of the Government of India including Overseas Citizenship

Scheme (OCI), Scholarship Programme for Diaspora Children (SPDC) and the Know India Programme (KIP), which is becoming increasingly popular among the Indian origin persons/youth of Israel. The event was promoted by the Central Organisation of Indian Jews in Israel (COIJI) and prominent Indian community members.


CULTURAL ACTIVITIES

Indian Evening In Petah Tiqwa An Indian cultural evening was organised on March 9, 2010 in Petah Tiqwa by the Indian Jewish Community. The evening featured cultural performances including presentation of Bollywood songs by Rubin Ephraim from Haifa and Sophia Solomon from Petah Tiqwa. Mr. Itzik Ohayan, Mayor of Petah Tiqwa, was the guest of honour and the Embassy was represented by Mr. Sharad Srivastava, First Secretary. About 350 persons attended the function.

Rendition of Bollywood songs by artistes from the community

First Secretary Sharad Srivastava addresses the gathering

13th Know India Programme (KIP)

Delegates in front of the Qutub Minar

On a visit to the Taj Mahal

Two Israeli youth (2 girls) of Indian origin participated in the 13th Know India Programme (KIP) held from December 28, 2009 to January 20, 2010, organised by the Ministry of Overseas Indian Affairs, Government of India, in partnership with Confederation of Indian Industry (CII). They were joined by participants from all over the world.

The participants were taken to Kerala and Rajasthan as part of the KIP programme. They also visited Delhi. The participants were exposed to various facets of modern India and were also familiarized with Indian history, culture and heritage during the three week programme. They also participated in the Pravasi Bharatiya Divas, 2010 in

Delhi and got an opportunity to meet the President of India, Smt. Pratibha Devisingh Patil and other high dignitaries during the programme. The KIP provides a unique forum for youth of Indian origin to visit India, share their views, expectations/experiences and bond closely with contemporary India.

Event at Beit Avi Chai

Ambassador addresses the gathering at ‘Beit Avi Chai’

The Mission, in coordination with “Beit Avi Chai”, a cultural centre in Jerusalem, organised an event titled “A Journey to the Bene-Israel Community in India” including “Rag Sounds Ensemble” on March 11, 2010. The event included a lecture, an interview with Dr. Shalva Weil who has studied the Indian Jewish community closely and with Ms. Sophie Judah, a member of the community who authored a book “Dropped from Heaven”. Ambassador, speaking on the occasion, emphasized the cultural richness of the Indian Jewish community and hoped that many more such functions bringing out the Indian Jewish heritage would be organised in future.

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CULTURAL ACTIVITIES

World Hindi Day celebration, 2010 The Embassy celebrated World Hindi Day in Israel on March 22, 2010 in association with the South East Asian Department of Tel Aviv University. The function was held at an auditorium in Gilman Building of Tel Aviv University. The celebration drew about 150 India enthusiasts including students from Tel Aviv University, Haifa University, H a i f a a n d H e b r e w U n i v e r s i t y, Jerusalem participating in a range of activities in Hindi. The programme started with Sarsawati Vandana and included a short skit, songs and dance with background music of Bollywood Hindi movies and a quiz in Hindi. The entire programme was conducted

by the students in Hindi. The Embassy was represented by Mr. Sharad Srivastava, First Secretary, who delivered a speech in Hindi and appreciated the interest being shown in the universities of Israel in Hindi. Mr. Zvika Serper, Head of East Asia Studies Department at Tel Aviv University, emphasized the role played by Hindi teachers, particularly Dr. Genady Shlomper in generating interest in the language among students. The Embassy presented prizes to the winners of the quiz, Hindi books and instrumental/classical music audio CDs to the university library. The programme concluded with Indian snacks.

Yearly Cochini Jewish convention at Dead Sea

Welcoming guests and participants to the annual Cochini Jewish convention

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The Cochini Jewish Community living in Israel held an annual Cochini Jewish convention at Dead Sea Hotel Leonardo Club from March 18-20, 2010. M r. S h a r a d S r i v a s t a v a , F i r s t Secretary, attended the convention and spoke on Indo-Israel relationship and matters of concern

to Cochini Jewish community living in Israel. He also explained the various Government of India schemes such as Overseas Citizenship Scheme (OCI), Scholarship Programme for Diaspora Children (SPDC) and the Know India Programme (KIP) etc. for Israeli youth and distributed information material on these schemes.

Event at Yad Vashem, Jerusalem An event marking the recent publication of the biography of Irena Sendler entitled “Irena Sendler - The Savior of Holocaust Children” published in India, was held on March 16, 2010 at the Holocaust Memorial, Yad Vashem, Jerusalem. The publisher of the biography Mr. Ulhas Latkar of the Ameya Prakashan Publishing House attended the event. A short tribute in honour of Irena Sendler was read while presenting the biography to the Director of Yad Vashem Libraries. Also present was the Ambassador of Poland to Israel and a visiting delegation of educators from Poland. Mr. Sharad Srivastava, First Secretary attended the event and reflected on the relevance of Irena Sendler to the Indian context, where the Jewish community assimilated in Indian society, lived like any other religious community and never faced persecution.

Visit of IIPA delegation A twenty eight member delegation from the Indian Institute for Public Administration (IIPA) comprising senior bureaucrats and defence officials, visited Israel on a study tour from January 11-16, 2010.

Ambassador’s Visit

View of the gathering

February 28, 2010 – Ambassador visited Hatzor Haglilit and met the Indian community and the Mayor of Hatzor Haglilit.


CULTURAL ACTIVITIES

Welcome Reception for Ambassador

COIJI President Mr. Noah Massil welcoming Ambassador and Dr. (Mrs.) Sarna

The Central Organisation of Indian Jews in Israel (COIJI) held a welcome reception for Ambassador in coordination with Stri Mandal (women’s organization of Share Shalom Synagogue, Lod) on March 5, 2010 at the ‘Namaste’ Indian restaurant in Ashdod. The function included a performance of Indian classical dance by the “Sapna” dance group. Mr. Noah Massil, President of COIJI and Mrs. Elizabeth Elis David Nowgaonkar, President Stri Mandal introduced the

community members to the Ambassador and briefed him about the activities of the Indian community and cooperation with Indian Embassy. Mr. Nissim Moses, community member, gave a brief review of the Heritage of the Bene-Israel Community in India. Ambassador thanked the COIJI for the reception and assured all cooperation from the Indian Embassy to the Indian community.

Miho Kataoka and flutist Yoav Bitner in performance at Inbal Dance Theatre, Tel Aviv

Artiste from Sapna Dance Group with Dr. Avina Sarna and Ambassador. They are flanked by Mrs. Elizabeth Elis David Nowgaonkar, President of Stri Mandal, and Mr. Noah Massil, President of COIJI

Cricket match between Embassy of India and Embassy of Nepal A friendly cricket match was organised on March 13, 2010 at the Hadar Yosef Stadium, Tel Aviv, by Nepalese Workers’ Association in Israel between the Embassy of India and Nepalese teams in the memory of Anita Tamang (2nd Anita Tamang Memorial Cricket Trophy, 2010). Ambassador inaugurated the match and addressed the gathering. The Embassy of India team staged a thumping victory. Officers, staff of Indian Embassy and Nepalis working in Israel were present during the match. Trophy and prizes were distributed to the winning team by the Second

Bharatnatayam Performance

Secretary of the Nepalese Embassy in the presence of officers of Indian and Nepalese Embassies.

The victorious team celebrates

A Bharatnatayam performance “Krishna Mandela” was presented by Ms. Miho Kataoka (a Bharatnatayam dancer who learnt the dance in India) with a Western flute player Yoav Bitner at Inbal Dance Theatre, Tel Aviv on January 6, 2010. The theme of the dance was based on Lord Krishna. Mr. Sharad Srivastava, First Secretary attended the performance.

Screening of Hindi movie in Ramle The Embassy organised screening of Hindi movie “Taare Zameen Par” on March 27,2010 at the Cultural Centre (Heychal Hatarbut), Ramle for the Indian community living in Israel. About 250 persons attended the show.

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INDIAN BUSINESS AND ECONOMIC NEWS INDIAN ECONOMY: Economy to post 8.75% growth in 2010-11 Speaking on the sidelines of the Reserve Bank of India (RBI)-Organisation for Economic Co-operation and Development (OECD) workshop, Union Finance Minister Pranab Mukherjee, has said that the economy would grow by close to 7.2 per cent in the current fiscal, and the economy was forecast to grow between 8.25 per cent and 8.75 per cent in the 2010-2011 fiscal. Investment proposals by India Inc grow by 16% in 2009 With the economy coming back on the growth path, investment proposals by India Inc saw an increase of about 16% to US$ 345.3 billion in 2009, according to a study by the Associated Chambers of Commerce and Industry of India (ASSOCHAM). As per the study, the total investment plans of Indian companies, which were surveyed by the industry chamber ASSOCHAM, increased from US$ 299.12 billion in 2008 to US$ 345.3 billion in 2009 in sectors like power, real estate and infrastructure. Gujarat, Orissa and Andhra Pradesh have received maximum investment proposals among the states with 15.4%, 12.6%, and 8.1% respectively of the total proposed investments, the study added. Mauritius contributes largest FDI Between 2000 and November 2009, foreign direct investment (FDI) from Mauritius into the country stood at over US$ 43.1 billion, contributing the largest foreign direct investment (FDI) inflow into India. During the April 2000-November 2009 period, FDI inflows from Mauritius into India stood at US$ 45.24 billion. This amount accounts for 44 per cent of total foreign direct investment into the country which stands at US$ 104.9 billion. Options trading in currency futures gets nod In a move to help importers, exporters and commodity traders hedge currency risks, the Reserve Bank of India (RBI) has allowed options trading in the currency futures market in its Annual Policy 10 Statement, 2010-11.

TELECOM / IT/ BIOTECHNOLOGY: India data centre services market to touch US$ 2.2 billion by 2011 The data centre services market in the country, is forecast to grow at a compound annual growth rate (CAGR) of 22.7 per cent over the period between 2009 and 2011, to touch close to US$ 2.2 billion by the end of 2011, according to the research firm IDC India. The IDC India report stated that the overall India data centre services market in 2009 is estimated at US$ 1.39 billion. Indian IT services will soon see double-digit growth: Gartner By mid-2011, the Indian information technology services sector will be back to growth in double-digits, according to research and advisory agency, Gartner. The sector may not touch the 30-40 per cent growth rates it witnessed before the slowdown, but an register above 20 per cent growth as it nears calendar year 2011. Computer sales surf higher on economic revival Economic revival, technological developments and right pricing led to overall sales of the Indian personal computer (PC) market touching 1.97 million units during the OctoberDecember (fourth) quarter of calendar year 2009 — a 25.7 per cent year-on-year (y-o-y) growth, according to a report by IDC, the research and advisory company. Desktop PC sales accounted for nearly two-thirds of total PC sales at 1.27 million units, a 14.6 per cent increase over the corresponding quarter last year. TCS, Infosys and Wipro increase global hiring Country's top three outsourcing companies are increasing global hiring and increasing pay as global corporations, mainly from the US, send more work offshore to cut costs. Tata Consultancy Services, Infosys, and Wipro expanded their global workforces by an average of 5.1% last quarter, benefiting India as companies outsource more work to cut costs. The employment revival in India's outsourcing sector, which counts on the US for about 60% of global sales, comes as unemployment in the US stands

stagnated around 10%. TCS, Infosys and Wipro reported stronger than expected results for the December quarter. AUTOMOBILE INDUSTRY: Auto industry records highest ever sales this financial year The domestic auto industry is set to hit an all-time high sales figure of 12.2 million units in FY 2009-10, surpassing the previous sales record of 10.1 million units in FY 2006-07. The strong growth is in terms of passenger car volumes, two-wheelers and commercial vehicles. This also represents a growth of 25.48% over FY 2008-09 (9.7 million units). The phenomenal growth rides on the back of a low base, new launches-primarily in the compact car category - lower interest rates and the 4% reduction in excise duty as part of the fiscal stimulus. Nissan-Renault's plant near Chennai inaugurated The new car factory set up by Nissan of Japan with its French partner, Renault, at Oragadam near Chennai was inaugurated in the presence of state Chief Minister M. Karunanidhi. Carlos Ghosn, Chief Executive, Renault-Nissan Alliance, said the new plant would manufacture 200,000 cars, half for the export market, by 2012, and 400,000 by 2014. Auto sector to post 10%-12% growth in sales in 2010: Fitch The Indian auto industry is likely to see a growth of 10%-12% in sales in 2010, according to a report by the global rating firm, Fitch. According to the report, Indian Auto Sector Outlook, the competition in the country's auto sector is likely to increase due to increasing penetration of global original equipment manufacturers (OEM). India is witnessing an entry of international OEMs, either independently or in collaboration with existing players to take advantage of an established distribution network. The competitive intensity in the auto industry is likely to increase over the medium term due to the number of new players, as well as the higher number of new product launches from existing players.


Popular Indian Recipes

FORTHCOMING EVENTS IN INDIA Gears Motors & Controls Expo May 6-9, 2010, Mumbai www.biztradeshows.com

Palak - Paneer

India International Furniture & DĂŠcor Fair May 6-10, 2010, Mumbai www.biztradeshows.com

Serves: 4 Cooking time (approx.): 7 minutes Style: North Indian Vegetarian

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Ingredients:

East India Jewllery Show May 8-10, 2010, Kolkata www.biztradeshows.com Automotive Engineering Show May 14-17, 2010, Chennai www.biztradeshows.com Communications India 2010 May 20-22, 2010, Bangalore www.biztradeshows.com Global Investors Meet June 3-4, 2010, Bangalore www.advantagekarnataka.com All Food Tech June 11-14, 2010, Bangalore www.biztradeshows.com AgriTech 2010 June 15-18, 2010, Angrau University Campus Rajendranagar, Hyderabad, www.card.org.in ACMEE 2010 – International Machine Tools June 17-21, 2010, Chennai www.biztradeshows.com Safe 2010 4th International Exhibition & Conference on Internal Security July 28-30, 2010, New Delhi www.biztradeshows.com

600 grams (about 24 oz.) tender spinach washed 2 green chillies chopped 2 cup(s) cottage cheese cubes 2 tablespoon(s) butter / oil for main dish 1/2 teaspoon(s) cumin seeds 1 tablespoon(s) finely chopped garlic 1 tablespoon(s) finely chopped ginger salt to taste 1 tablespoon(s) lemon juice 2 tablespoon(s) cream lots of finely chopped fresh coriander to garnish

Method: 1. Blanch the spinach in lots of boiling salted water for about 3 minutes. Refresh in chilled water. Squeeze out excess water gently and blend to a fine paste with the green chillies. Squeeze out excess water gently and blend to a fine paste with the green chillies. 2. Deep fry the cottage cheese cubes in moderately hot oil till light golden in color. Drain on absorbent paper. 3. Heat the clarified butter / oil in a heavy-based pan. Add the cumin seeds and let them crackle. Add the garlic and ginger. Fry briefly till the raw smell goes away. 4. Add the chopped spinach puree, salt and mix well. Add water if required to get a gravy of desired consistency and bring to a boil. Add the deep fried cottage cheese cubes and stir to mix gently. Mix in the lemon juice. Simmer for about 4 minutes. Put off the heat and mix in the cream. 5. Garnish with chopped fresh coriander.

Tips: Deep fried cottage cheese cubes can be soaked in some warm water to which lemon juice and salt are added. This will keep them extra soft and prevent them from hardening. The cottage cheese cubes can be added without frying. However, avoid stirring often as they crumble. Do not overcook spinach so as to get a bright green colored gravy. Serve hot with: white rice or Indian bread (Chapati, Nan, Pooris).

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India Calls – Shimla The former summer capital of British India and the present capital of Himachal Pradesh, Shimla has been blessed with all the natural bounties one can think of. Shimla derives its name from "Shyamala" - the goddess Kali, whose temple existed in the dense forest that covered Jakhu Hill in the early 19th century. The British

named it "Simla". Shimla is endowed with scenic locations and is surrounded by green hills and the snow capped Himalayas. The spectacular cool hills accompanied by the structures made during the colonial era create an aura which is very different from other hill stations.

Tourist attractions The Ridge: The large open space in the heart of town presents an excellent view of the mountain ranges. Christ Church: Situated on the Ridge is Christ Church, which is the second oldest church in northern India. Built in the Neo-Gothic style, it bears a majestic appearance with stained glass windows that represent faith, hope, charity, fortitude, patience and humility. Jakhu Hill: Two kms from Shimla, at a height of 8000 ft, Jakhu Hill is the highest peak and offers a beautiful view of the town and of the snow-covered Himalayas. At the top of the Hill, there is an ancient Hanuman temple. Summer Hill: Situated at a distance of 5 kms from the Ridge is the lovely township of Summer Hill at a height of 6,500 ft. on the Shimla-Kalka railway line. Mahatma Gandhi lived in these quiet surroundings during his visits to Shimla. Chadwick Falls: Surrounded by thick forests, this water fall is located seven kms away from Shimla. A 45-minutes walk from Summer Hill chowk can also take you to the falls.

Prospect Hill: Crowned by a temple dedicated to Kamna Devi, this is located on the Shimla-Bilaspur road. Five kms from the main town, the hill offers a spectacular view of the area. Naldehra: Twenty two kms from Shimla and surrounded by beautiful deo-dar trees Naldehra has a well kept golf-course. It is a popular picnic spot. The annual Sipi fair in June is held in Naldehra. Chail: Chail is a little mountainous heaven, 45 kms from Shimla. It was the summer capital of the Maharaja of Patiala before Independence. The forests near Chail have many species of birds and deer. Jubbal: Headquarters of the erstwhile Princely State, Jubbal (90 kms) has a superbly maintained palace which was designed by a French architect in 1930 and is a remarkable mix of European and indigenous styles.

How to reach By Air: Vayudoot services connect Jubbor-Hatti (23 kms from Shimla) with Kullu, Chandigarh and Delhi. Delhi is in turn connected with other Indian cities by Indian Airlines flights. By Rail: Shimla is connected by a narrow gauge railway line with Kalka (90 kms), which is well-connected with major cities in the country. By Road: Regular bus services connect Shimla with Chandigarh 117 kms, Kullu 220 kms, Manali 260 kms, Delhi 343 kms, Mandi 150 kms, Pathankot 380 kms, Ambala 151 kms, Chail 43 kms, Dehradun 240 kms etc. When to visit: April to mid-July and mid-September to mid-November. 12 For more on India tourism, visit: www.himachaltourism.nic.in; www.tourismofindia.com

India Newsletter (January-March 2010)  

Events, seminars and other news from the Embassy of India in Israel.

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