Issuu on Google+

ISSUE NO. 1 ; Vol. XXIV

Website: http://www.indembassysuriname.com/

JULY 2011


PM Manmohan Singh conveys India’s stance at Global Zero Summit  News about India

Participating in the Global Zero Summit at London on June 21-23, Prime Minister Manmohan Singh reiterated the need for the de-legitimization of nuclear weapons. Following are excerpts from his message at the summit.

 Economy & Investment  Report: India regaining status as trading powerhouse: Report  Doing Business with India – Sectoral Profile – Indian Ports  Feature: Non Resident Indian Banking  ICC Events  News in Hindi Tagore Bust Installed in Suriname

 Trade Enquiries

“India has been steadfast in its support for global, non-discriminatory verifiable nuclear disarmament. Prime Minister Rajiv Gandhi presented a visionary Action Plan for a Nuclear-Weapon-Free and Non-Violent World Order. This Action Plan sets out a roadmap for achieving nuclear disarmament in a time bound, universal, non-discriminatory, phased and verifiable manner. We are glad to note that the Global Zero Action Plan is based on similar principle and that, like India, it has supported the global elimination of nuclear weapons in a time-bound framework. The goal of nuclear disarmament can be achieved by a step-by-step process underwritten by a universal commitment and an agreed multilateral framework that is global and non-discriminatory. Progressive steps are needed for the de-legitimization of nuclear weapons. Measures to reduce nuclear dangers arising from accidental or unauthorized use of nuclear weapons, increasing restraints on the use of nuclear weapons, de-alerting of nuclear weapons are essential steps. There is need for a meaningful dialogue among all states processing nuclear weapons to build trust and confidence and for reducing the salience of nuclear weapons in international affairs and security doctrines. This campaign can be taken forward by forging a renewed consensus on non-proliferation and nuclear disarmament. Public awareness and support is vital to generate and sustain an irreversible momentum until we reach our cherished goal of a world without nuclear weapons. Transforming this vision into reality is a task worthy of the distinguished participants of the Global Zero Campaign. “

Braille edition of Nehru’s ‘Letters from a Father to his Daughter’ released Minister for Social Justice and Empowerment, Mukul Wasnik said that publishing of the Braille Edition of Jawaharlal Nehru’s “Letters from a Father to his Daughter” would help spread awareness about Nehru among the visually challenged. The Minister praised the efforts of Nehru Memorial Museum and Library (NMML), in bringing out the Braille edition of one of Nehru’s most celebrated works and making it a reality. Speaking at the closing ceremony of the Film Festival on Disability, in New Delhi on June 13, he said the collection contained 30 letters written by Pandit Jawaharlal Nehru in 1928, introducing his young daughter Indira to the fascinating study of natural history and the story of civilisations. Through these letters, he said, Panditji instilled in his daughter the feelings of nationalism and patriotism for her country and the importance of freedom for India. Though written in 1928, these letters still remain fresh and vibrant and capture Nehru’s love for people and for nature. The Blind Persons Association of Kolkata approached NMMl in 2009 with a request to publish the Braille edition of these letters. It sought to distribute these letters among the blind schools and organisations across the country to spread awareness about Nehru. Since the aim of the NMML is to spread awareness about Nehru’s vision and his contribution to India’s freedom movement, it was thought appropriate to support the proposal that would spread knowledge, amongst the visually challenged about Nehru through his own writings and works

GSAT-12 communication satellite placed in geosynchronous orbit Agencies Posted online: Thu Jul 21 2011, 21:33 hrs Bangalore : The GSAT-12 communication satellite, launched onboard PSLV-C17, has been successfully placed in geosynchronous orbit with a perigee of 35,684 km, apogee of 35,715 km and an orbital inclination of 0.17 deg with respect to the equatorial plane. On July 15, Polar Satellite Launch Vehicle (PSLV-C17) injected GSAT-12 into an elliptical transfer orbit of 281 km perigee (closest point to Earth) and 21,027 km apogee (farthest point to earth), and orbital inclination of 17.9 deg. Critical manoeuvres to raise GSAT-12 Satellite into geosynchronous orbit were performed by firing the 440 Newton Liquid Apogee Motor (LAM) of the spacecraft for about 80 minutes in five spells during July 16-20. The communication antenna onboard the satellite was deployed successfully on Thursday at 15:30 hrs and the spacecraft is in its final orbital configuration, pointing towards earth, according to an ISRO statement. GSAT-12 is now located at 63 deg East longitude. The satellite would be moved to reach its designated longitude of 83 degree East within the next 16 days (at the rate of one degree per day). The GSAT-12 would be co-located with INSAT-2E and INSAT-4A satellites, the space agency added. After parking the satellite at this location, the communication transponders are planned to be switched on by August 5, followed by in-orbit testing. "The GSAT-12 satellite is in good health and is in continuous radio-visibility from ISRO's Master Control Facility, Hassan," it was stated.

E-Newsletter of the Embassy of India, Paramaribo

2


India regaining status as trading powerhouse: Report The Economic Times: India broke into the club of top 20 exporters of goods and reclaimed its position among top 10 services exporters in 2010, moving up two notches in both categories from 2009 in a display of resilience to the economic downturn that continues to cast its shadow on the US and the EU. The 'World Trade Report 2011' of the WTO, released on 20.7.11, said trade in goods rebounded to grow by 14.5% in volume terms in 2010 after shrinking 12% in 2009. However, it projected the growth to moderate to 6.5% in 2011. India's goods exports rose at a much sharper 31% in 2010, helping the country not only improve its world ranking to 20 from 22 in 2009 but also expand its market share to 1.4% from 1.2% a year ago. Interestingly, while exports shrunk by 20% in 2009 owing to contraction in demand, India's share in world trade increased from 1.1% in 2008 and ranking improved from 26 the year before. Experts attribute the robust growth to a change in the composition of exports and addition of new markets. Engineering and petroleum exports now account for 42% of exports as compared to 14% in 2000. The Middle East, Asia and other emerging markets are the big growth areas now. "This high export growth clearly indicates that diversification to other destinations has taken place apart from changes in the composition of goods," finance minister Pranab Mukherjee said on Wednesday. In service exports, India ranked 10th after dropping three notches to 12 in 2009 from the ninth position in 2008. Its share in world exports expanded to 3% from 2.6% in 2009 and 2.8% the year before. The decline in services exports in 2009 was because of the sharp fall in demand for software, business and financial services following the global financial crisis.

FDI inflow rises to 39-month high in May 2011 IBEF: July 05, 2011: Foreign direct investment (FDI) inflow rose by more than 100 per cent to US$ 4.66 billion in May 2011, up from US$ 2.21 billion a year ago, according to the latest data released by the Department of Industrial Policy and Promotion (DIPP). This is the highest monthly inflow in 39 months. During April and May 2011-12, FDI inflow has risen by 77 per cent to US$ 7.79 billion, from US$ 4.39 billion during the same period last year. The government has attributed the rise in FDI to a series of steps initiated over the last few months such as consolidation of the guidelines and liberalising the norms for sectors like seeds and limited liability partnerships. Investment consultants are of the opinion that the rise can be partly attributed to improved sentiments overseas. There is, indeed, unanimity on 2011 being a good year as far as FDI is concerned. "Recent investments are an indicator of this positive trend," according to an official statement, which also pointed to a series of committed investment moves. For instance, there could be an immediate inflow of US$ 7 billion, if the proposed tie-up between British Petroleum (BP) and Reliance materialises. Other investments that could take the FDI figure higher include Vodafone's purchase of Essar's stake, at around US$ 5 billion, and the Cairn-Vedanta deal at around US$ 9 billion.

Exports rise 46% in June Business Standard: The country’s export growth continues to belie the fears of a general slowdown. Merchandise

exports in June grew spectacularly for the third month in a row by rising 46.4 per cent to $29.2 billion, driven by high-end products such as engineering goods. This is despite experts doubting the sustainability of such high growth due to uncertainty in the global markets. “This is a very high number for exports,” said Commerce Secretary Rahul Khullar. Imports grew 42.4 per cent to $36.2 billion. A little less than one-third of this was accounted for by petroleum, oil and lubricants. The trade deficit stood at $7 billion, down from $10.55 billion a year ago. Exports rose 45.7 per cent to $79 billion in the first quarter of 2011-12. With imports growing 36.2 per cent to $110.6 billion, the trade deficit for the quarter stood at $31.6 billion. The gap was less than $32.26 billion a year ago. What is encouraging is that the growth in exports is broad-based. Engineering goods, electronic items, basic chemicals, plastic items and mineral ores were the main drivers. “Almost all the sectors have performed very well in the first quarter,” said Khullar. He was particularly impressed with the performance of engineering goods. Commerce Minister Anand Sharma said “the growth is steady and satisfactory and the maintained high rate of exports is encouraging.” “There has been a perceivable shift in the export mix from traditional goods to high-end items such as engineering products, for which there seems to be a sustained demand overseas,” said Anis Chakravarty, director, Deloitte, Haskins & Sells. In the last financial year, merchandise exports had grown 37.55 per cent to $246 billion compared with 2009-10, while imports were up 21.6 per cent at $350 billion. The trade deficit in 2010-2011 was $104 billion. “The trade deficit continues to remain a concern in the light of high imports due to volatile commodity prices,” said Chakravarty. The government has set a target of $500 billion worth of exports by 2014 and doubling of India’s share of global exports by 2020. “If we keep growing in excess of $79 billion (quarterly), we can achieve our target by 2014,” said Commerce Minister Sharma. Experts doubt the sustainability of such high export growth for the rest of the year. Khullar refused to give any forecast. “We cannot summarise at this stage from the numbers available at present.” Despite concerns that the Duty Entitlement Pass Book (DPEB) Scheme is not being extended beyond September, the Federation of Indian Export Organisations says export growth will continue for another three months till September. “The growth will not be as good in the third and fourth quarters and will get restricted to 35-40 per cent because of withdrawal of the DEPB scheme from October 1 this year,” he said.

THE COOLEST LITTLE REFRIGERATOR FOR RURAL INDIA SOURCE: IBEF: Godrej has developed a low-cost refrigeration solution, ChotuKool, to cater to rural households in India. To popularise this 7.8 kg eco-friendly refrigerator in rural India, Godrej is partnering with non-governmental organisations (NGOs) and micro-finance institutions and collaborating with self-help groups. The ChotuKool weighs only 7.8 Kg, and consumes half the power consumed by conventional fridges. The number of parts in the refrigerator has been reduced to a tenth of those in a conventional refrigerator. The average electricity bill for running the refrigerator is about USD 1 per month

TATA BP SOLAR FIRST CO TO COMMISSION A MW SCALE PLANT The Economic Times: July 08, 2011: Tata BP Solar India Ltd , a joint venture of Tata Power and BP Solar, became the first company to install and commission a megawatt scale solar power plant under the Rooftop and Other Small Solar Power Generation Plant scheme under the Jawaharlal Nehru National Solar Mission (JNNSM). This one megawatt project is owned and developed by M/s B & G Solar Private Limited in Tamil Nadu and was synchronised to the grid three months ahead of the scheduled date. "This is a milestone in the rapidly developing Indian solar story. The plant was put up in a record time of 150 days", said Mr K Subramanya, CEO, Tata BP Solar. This project uses 4400 number of crystalline silicon modules of 230 Watts each spread out over an area of 5.5 acres. These modules will generate electric current when solar radiation falls on them. The solar power plant will generate 1.49 million units of electricity per year. The plant is designed to run for 25 years and B&G Solar has signed a Power Purchase Agreement (PPA) with the TNEB for 25 years to supply the power generated. The JNNSM is a flagship project of the Indian government to mainstream the use of solar energy and has galvanised the industry by setting out an ambitious target of installing 20000 MW of grid-connected solar power generation capacity by 2022 in addition to 2000 MW of off grid solar power. Out of this, 1100 MW grid connected solar power capacity is to be installed in the first phase ending in March 2013.

E-Newsletter of the Embassy of India, Paramaribo

3


ECO CLEARANCE NORMS FOR SOLAR THERMAL PROJECTS RELAXED The Hindu Business Line: : Solar thermal power developers such as Lanco Infratech, Reliance Power's Rajasthan Sun Technique, and Godawari Power and Ispat can now go ahead with their projects without any fear of environmental delays. The Ministry of Environment & Forests has exempted entities implementing projects under the National Solar Mission from environment clearance requirement. But the developers will have to demonstrate that they are not using protected land and have applied for water permits. The Ministry of New & Renewable Energy had raised the issue of the State pollution control boards repeated requests to obtain prior environment clearance for solar thermal power projects. The pollution boards felt that these projects were covered by the Environmental Impact Assessment provisions. “It is now clarified that solar thermal power projects are not covered by the provisions of the EIA notification, 2006,” Thursday's notification said. This decision is expected to speed up the implementation of these projects. According to developers, solar power is clean and environment friendly and the land used for the projects does not require much change or development. Further, most of the land is used for installing solar collectors only. There are no polluting emissions or discharges in the air or water bodies because of these projects, the industry felt. Of the 37 companies selected to develop 620 MW of solar power projects (both photovoltaic and thermal) under the Phase-1 of the National Solar Mission, seven are solar thermal projects with a capacity of 470 MW. Of these, Rajasthan has five projects — three of 100 MW and two of 50 MW each — totalling 400 MW. Andhra Pradesh has one project of 50 MW and Gujarat has one of 20 MW. The companies have to implement the projects by May 2013. In the event of delays in implementation, the companies may forfeit bank guarantees of as much as Rs 180 crore for delays of up to five months, depending on the project size.

India's Engineering R&D providers to capture 40% of global offshore revenues The Economic Times: India's Engineering Research & Development providers could capture a 40 % share of global offshore revenues in 11 key verticals by 2020, according to a new report. The report titled "The Futures Report 2011," by Global Futures and Foresight, says, "Outsourcing will continue to deepen in scope to include R&D. Powerful verticals could be established." The report which cites a 2010 Booz & company study, says that India is the only country in the world to offer a large third party engineering vendor base.The E R&D space has a potential to create more than five million jobs. Key drivers of change include a shift in centers of economic activity, notably the emergence of Asia, demographic challenges in mature economies, greater technology convergence and major shifts in industry structures, the report says. Growth in Indian domestic market, infrastructure investments and offset policies are expected to drive growth in the domestic E R&D outsourcing industry. "Domestic demand is expected to contribute between 10 and 15 percent of the Indian ER&D market in 2020 with European demand adding another 30 %. In a sign of changing times, the US market is only expected to provide 45 % of total ER&D service revenue in 2020 down from 62 % in 2009," the report said. The Booz & Co study said, overall spending on ER&D increased 12% from $980 billion in 2008 to $1.1 trillion in 2009 and is expected to expand to $1.4 trillion by 2020. Demand from sectors including computing systems, medical devices, energy, and infrastructure is fuelling the ER&D market.

TATA HOUSING STEPS INTO MALDIVES The Hindu Business Line: Tata Housing will develop about one million sq.ft at an estimated Rs 850-900 crore on the public-private-partnership mode with the Maldives Government. The project will be developed with a local partner, SG18 Developers. A special purpose vehicle has been formed in which Tata Housing holds 65 per cent and SG18 Developers the rest for executing the project. The public-private-partnership contract with the Government has been inked by the local partner. Apart from 20 per cent free sale portion, land for developing 1.5 lakh sq.ft of commercial space and a 45-acre island has also been given to the partners for monetisation as part of the deal, said Mr Brotin Banerjee, Managing Director and Chief Executive Officer, Tata Housing. He said the Maldives Government had allocated four plots on a long-term lease of 50 years to the partners in Male. Eighty per cent of the apartments have to be handed over to the Government and the remaining can be sold in the open market by the partners. Tata Housing proposes to build premium luxury villas on the island. On funding, Mr Banerjee said it would be through internal accruals and debt. All the residential properties are designed by US-based architect F+A. Mr Banerjee said Maldives, especially Male, has an acute shortage of housing with a long-waiting period, high population density and inadequate infrastructure. To address the shortage, the Maldives Government had launched a $500-million project for developing 10,000 housing units for the people.

VIRTUAL ICUs FOR INDIAN TOWNS AND VILLAGES, SOON Patients admitted to intensive care units (ICU) at hospitals in smaller towns and villages might soon get a chance to avail of top-class healthcare technologies and receive treatment from specialists in metros. Philips Electronics India is set to come up with the country’s first virtual ICU soon. The company, which plans to revolutionise the critical care segment, is already in talks with major multispecialty tertiary care hospital groups to introduce a technology called eICU within a year. “Like the monitoring process in a traffic control room, an eICU monitors patients in different hospitals 24x7 and makes key interventions at the right time. The technology connects several hospitals’ ICUs to a big specialist ICU where critical care specialists monitor and review patients through online data connected from patient monitors and live images of the patient’s condition. We are in talks with multi-specialty tertiary care hospitals to implement the technology in India,” said Krishna Kumar, vice president and business head of Philips Healthcare. According to the firm, through this technology doctors can centrally monitor patients in multiple ICUs, which would help hospital groups to deal with the talent shortage in the sector. “It will take note of patient parameters like blood pressure and heartbeat and even a slight variation in it will alert the expert in the virtual ICU. With a touch screen, we can pull out the patient’s references,” he said. Regarding the healthcare majors with whom the company is in talks with and the cost of the project, he said, “I can’t reveal the names of the hospital groups now. In the next 6-12 months, we will be able to come up with some more details. However, the cost of each eICU will start from ` 20 million and will increase depending on the number of ICUs to be interconnected.” Healthcare business contributes to about 40 percent of Philips’ global revenues. In 2010, the company had posted 43 percent growth in this category in India. Philips also leads the critical care segment in India, with a 52 percent share. Though telemedicine is already a part of the country’s healthcare, according to the company it is only restricted to consultations and visual examination of patients and eICUs are going to boost the concept of telemedicine further.

APTECH TO EXPAND OVERSEAS BUSINESS The Economic Times: Learning solutions company, Aptech Ltd has identified 100 cities in emerging markets for its overseas foray as it plans to shore up its international business from 35% of total retail business to 50% by 2015, said CEO and managing director Ninad Karpe. The Mumbai-based company wants to enter all markets which have a population of more than one million people in Asia, Africa and Latin America. At present, the retail business accounts for 75% of Aptech's total revenues of . 190 crore, which includes the subsidiaries. "The emerging markets which we have identified have a huge gap between formal education and employability, an area which we want to plug. The scope exists much beyond IT and multimedia training," said Karpe. Aptech is changing its business model to become a global career education company in the long run.

E-Newsletter of the Embassy of India, Paramaribo

4


INDIAN PORTS POISED FOR A HUGE GROWTH Manoj Gupta* India has been an emerging and vibrant economy with a huge market and the potential to grow as the fastest economy of the world. This economic upsurge is one of the important drivers for the growth of Indian Ports in the years to come. Coupled with this, the technological changes in shipping sector have triggered the growth in Indian Ports and provided stimulus for cargo handling. Modernization of Ports The Indian major ports in the recent past have made significant strides in modernization and capacity augmentation. Port capacity development was possible mainly due to the various policy initiatives taken by the Government for increasing the pace of privatization and formulation of guidelines for fixation of upfront tariffs. The maritime states also have come up with several policy initiatives and identified potential locations for development of new outlets. Thus, the major ports and nonmajor ports have assumed complementary roles, besides creating healthy competition which in turn enabled the sector to provide cost effective and quality service to the customers. Growth of Traffic As per the Maritime Agenda, 2020 issued by the Ministry of Shipping, the traffic at major ports is likely to grow at a CAGR of 8.03% from 561.09 Million Tonnes in 2009-10 to 1214.82 Million Tonnes by 2019-20, whereas the traffic at non – major ports is expected to grow at a CAGR of 15.96% from the present level of 288.80 Million Tonnes to 1269.59 Million Tonnes by 2019-20. Thus, the anticipated traffic at Indian Ports would grow to 2484.41 Million Tonnes by 2019-20 from the present level of 849.89 Million Tonnes at CAGR of 11.32%. Major Ports in India is expected to handle a traffic of 1214.82 million tonnes and to handle such magnitude of traffic, Ports have identified schemes which would create a capacity to the tune of 1459.53 million tonnes. It means that capacity at Major Ports by the year 2020 will surpass traffic by 20%. Major ports would continue to identify schemes/projects during the next decade to achieve the ideal norm of 30% over traffic. Incidentally, the capacity resulting from the ongoing schemes in 2020 has not been considered in the projections. Even these projects, if advanced, will result in more capacity, thereby fulfilling the ideal objective. In addition to the above, the Central Government plans to commission two more Major Ports, one each on the Andhra Coast & West Coast, which will also entail addition capacity in the Major Port segment. Future Plans Having set the tone for the growth path, the Indian major ports and non- major ports have formulated ambitious plans for development of new outlets, augmentation of existing service centres, induction of state-of-the-art cargo handling equipment and improvement in logistics in order to meet the challenges emanating from the anticipated growth in the trade. As per these plans, the capacity at 13 major ports is likely to increase to 1459.53 million tonnes by 2020 from the present level of 616.73 Million Tonnes. The capacity at non-major ports is poised to increase by 2020 to 1660.02 Million Tonnes from the present level of 346.31 Million Tonnes. Thus, the Indian Ports are aiming at a surplus capacity of above 25% over the projected demand. This will enable the ports to provide berthing facilities on arrival of the ships, thus achieving zero waiting time for the vessels. The proposed investment during the next ten years is expected to be Rs. 2.77 lakh crore - 1.09 lakh crore for Major Ports and Rs.1.68 lakh crore for non-major ports. Structural Changes In addition to capacity augmentation, all the major ports are aiming at bringing structural changes in the administration of the ports to improve organizational effectiveness. To this end, all the ports are planning towards implementing “landlord port” concept duly limiting their role to maintenance of channels and basic infrastructure leaving the development operation management of terminal and cargo handling facilities to the private sector. The ports are aiming at lean staff by extending information technology to the entire gamut of operations. Thus the Indian Ports are marching forward with a confident note and gearing themselves to meet the anticipated demand from the trade in the years to come. PPP Mode Public Private Partnerships will be the preferred mode for the development of port terminals and other commercially viable activities in the Major Ports. The standardization of RFQ, RFP and MCA and the formulation of guidelines for fixation of upfront tariffs have served to make the PPP process transparent and to give confidence to the investors. Recently a Private Group has commissioned 12 million tonnes per annum expansion at its Vadinar terminal in Gujarat at a total cost of Rs.1065 crore. With this Vadinar Port’s capacity has gone up to 58 million tonnes per annum. Similar efforts ostensibly contribute to capacity expansion of Ports. A Level Playing Field In terms of the Regulatory Framework of the Private Sector Participation (PSP) guidelines (1996), the ports were directed to ensure that private investment does not result in creation of private monopolies and that private facilities are available to all users on equal and competitive terms. Accordingly, it was felt that a policy may be formulated for prevention of private monopoly in the Port Sector for ensuring healthy competition amongst the private operators and smooth award of projects for capacity augmentation at the Major Ports. Under Section 111 of the Major Port Trusts Act, 1963 and in consultation with Chairpersons of all Major Ports as well as stake holders, the following policy has been laid down with effect from 2.8.2010 for preventing private sector monopoly in Major Ports: “If there is only one private terminal/berth operator in a port for a specific cargo, the operator of that berth or his associates shall not be allowed to bid for the next terminal/berth for handling the same cargo in the same port”. While, the Maritime Agenda, 2010 - 20 envisages ambitious programmes to reach 3.12 billion tonnes port capacity within the next decade, a strong monitoring and feedback mechanism is very important to achieve the target. (PIB Features) *Joint Director (M&C), Press Information Bureau, New Delhi

E-Newsletter of the Embassy of India, Paramaribo

5


NON-RESIDENT INDIAN (NRI) BANKING

Page

6

OIFC: Jul 19, 2011 Brief Overview In order to attract savings and other remittance into India through banking channels from Non-Resident Indian (NRIs), person of Indian Nationality / Origin who are residing abroad, the Government of India introduced Non-Resident (External) Account Rules in 1970, governed by the Exchange Control Regulations. This facilitates NRIs to take part in the growth of the Indian economy by investing through various bank schemes and investments. Further, they can also transfer money from anywhere in the world using various NRI banking or NRI services. The funds held in some of these bank accounts also qualify for certain benefits like exemptions from taxes in India, free repatriation facilities, etc. NRI accounts are maintained by banks that has authorised dealers' licenses from the Reserve Bank of India (RBI). Additionally, some cooperative and commercial banks has also been specifically permitted to maintain NRI accounts in rupees even though they are not authorised dealers. Thus, Indian banks offer various facilities to NRIs including Indian Rupee Deposits and Savings Account, along with attractive interest rates for NRI deposits in various foreign currencies. Some of the type of accounts available to NRIs are described below: Type of accounts available to NRIs  NRE Account: Non Resident External (NRE) account can be opened by NRIs, Persons of Indian Origin (PIOs), and Overseas Corporate Bodies (OCBs). Money can be transferred from one bank to another provided the name is same on both the accounts.  NRO Account: Non Resident Ordinary (NRO) account can be opened in different ways, including savings or fixed deposit. The interest income which comes from a NRO account is taxable.  NRS Account: Non Resident Special (NRS) account can be opened by NRIs and PIOs. These accounts come with the same facilities like other banks in India that are open to residents of India.  NRNR Account: Non Resident Non reportable (NRNR) account can be opened by NRIs, PIOs, and OCBs. Once this account is opened the account holder will need finances from another NRI account or from a foreign currency. This type of account can also be shared with an Indian resident. The income coming from NRNR account is not taxable.  FCNR Account: Foreign Currency Non-Resident (FCNR) account can be opened by NRIs, PIOs, and OCBs. This type of account can be opened using Dollars, Pounds, Marks, Yen, and Euro. The interest earned from FCNR account is taxable.  RFC Account: Resident Foreign Currency Accounts (RFCA) can be opened by NRIs returning to India for permanent settlement. The accounts can be converted to FCNR / NRE accounts in case the person becomes an NRI again.  FC Account: Foreign Currency Account (FCA) can be opened by a person resident in India who has gone abroad for studies or who is on a visit to a foreign country or has gone out of India to participate in an exhibition/trade fair outside India. Key players in NRI banking Most of the leading banks in India provide specialised services to the NRIs. Some of the banks that are known for their NRI banking facility include Kotak, Punjab National Bank, State Bank of India, Union Bank, HDFC Bank, ICICI Bank and Axis Bank. Along with NRI bank account or NRI banking facility these banks also provide various other NRI services such as loans, different types of insurance policies and investment opportunities. Name of the Bank

NRI Account Services

Other NRI Services

Kotak

   

NRO Rupee Savings NRE Rupee Savings Investment account Demat account

    

Punjab National Bank

   

FCNR(B) Account NRE Account NRO Account RFC Account

 

Union Bank



 

   

NRO Non-resident Ordinary A/C scheme NRE Non Resident External Rupee RFC Deposits FCNR (B) Deposits Fixed Deposits

State Bank of India

   

FCNR(B) Account NRE Account NRO Account RFC Account

   

Mutual Funds Insurance Structured Products Portfolio Investment Scheme

HDFC

   

Savings Accounts Current Accounts Fixed Deposits Foreign Currency Deposits

   

Home Loan Loan Against Securities Payment Services Premium Banking

Direct Transfer Bank Transfer Wire Transfer Cheque Transfer Home Loans

Money Transfer Exchange of Foreign Currency Travellers Cheques/Notes  World Travel Card Home Loan Loans against deposit, immovable property, shares/debenture etc.  NRI Portfolio management

E-Newsletter of the Embassy of India, Paramaribo

6


 

Accounts for Returning Indians Offshore Accounts & Deposits

 

Banking Online Phone Banking

ICICI

 

NRE Account NRO Account

   

Money Transfer Loans Against Fixed Deposits (FD) Home Loan Insurance

Axis Bank

    

NRE Account NRO Account Priority Account NRI Prime account Portfolio Investment Scheme Account NRE Salary Account

 

Locker NRI Local Post Box



Investment options for NRIs NRIs can avail different investment schemes in India and also enjoy tax exemption in certain schemes. In order to avail such schemes NRIs must open NRE, FCNR or NRO account, additionally a demat account is also essential to carry out online trading. A demat account allows NRIs to buy and sell shares and stocks online while staying abroad. A NRI can invest in debentures, shares, and pension plans. However, NRIs cannot invest in Kisan Vikas Patra, Public Provident Fund (PPF) and other national saving certificates. NRIs are also permitted to make direct investments in Partnership and Proprietorship Firms in the country. This can be done through subscription of shares or debentures of Indian companies. Now, they can also place funds in company deposits. Furthermore, NRIs have the option of investing in mutual funds floated by domestic public sector and private sector mutual funds on non-repatriation basis. Portfolio Investment NRIs and PIOs can purchase/sell shares/convertible debentures of Indian companies on Stock Exchanges under Portfolio Investment Scheme (PIS). For this purpose, the NRI/PIO has to apply to a designated branch of a Bank which deals in Portfolio Investment. All sale/purchase transaction is to be routed through the designated branch. The sale proceeds of the repatriable investments can be credited to the NRE/NRO etc. accounts of the NRI/PIO whereas the sale proceeds of nonrepatriable investment can be credited only to NRO accounts. The sale of shares will be subject to payment of applicable taxes. Investment on Repartition Basis NRIs can invest through repatriation basis, which means legally allowing buying or drawing of foreign exchange from an authorised dealer in India and remitting it outside India through normal banking channels. NRI may, without limit, purchase the following on repatriation basis:  Government dated securities / Treasury bills  Units of domestic mutual funds;  Bonds issued by a public sector undertaking (PSU) in India.  Non-convertible debentures of a company incorporated in India.  Perpetual debt instruments and debt capital instruments issued by banks in India.  Shares in Public Sector Enterprises being dis-invested by the Government of India, provided the purchase is in accordance with the terms and conditions stipulated in the notice inviting bids.  Shares and convertible debentures of Indian companies under the FDI scheme (including automatic route & FIPB), subject to the terms and conditions specified in Schedule 1 to the FEMA Notification No. 20/2000- RB dated May 3, 2000, as amended from time to time.  Shares and convertible debentures of Indian companies through stock exchange under Portfolio Investment Scheme, subject to the terms and conditions specified in Schedule 3 to the FEMA Notification No. 20/2000- RB dated May 3, 2000, as amended from time to time. (Source: RBI) To know more about the investment facilities available to NRIs, refer to http://www.rbi.org.in/scripts/FAQView.aspx?Id=52 Investment on Non-Repartition Basis NRIs may also invest on a non-repatriation basis, wherein the capital amount cannot be repatriated. However, in case a NRI applies for repatriation, the Reserve Bank of India (RBI) may permit repatriation for net dividends, income, interest earned after payment of tax on investments, deposits, and loans. The amount may be repatriated either in installment basis or a complete payment consisting of a single sum of money. NRI may, without limit, purchase on non-repatriation basis:  Government dated securities/Treasury bills  Units of domestic mutual funds  Units of Money Market Mutual Funds  National Plan/Savings Certificates  Non-convertible debentures of a company incorporated in India  Shares and convertible debentures of Indian companies through stock exchange under Portfolio Investment Scheme, subject to the terms and conditions specified in Schedules 3 and 4 to the FEMA Notification No. 20/2000- RB dated May 3, 2000, as amended from time to time  Exchange traded derivative contracts approved by the SEBI, from time to time, out of INR funds held in India on non-repatriable basis, subject to the limits prescribed by the SEBI  Note: NRIs are not permitted to invest in small savings or Public Provident Fund (PPF). (Source: RBI) To know more about the investment facilities available to NRIs, refer to http://www.rbi.org.in/scripts/FAQView.aspx?Id=52

E-Newsletter of the Embassy of India, Paramaribo

7


Investment in Real Estate RBI has granted general permission to certain financial institutions providing housing finance to grant housing loans to non-resident Indians for acquisition of houses/flats for self-occupation subject to certain conditions. However, repayment of the loan should be made within a period not exceeding 15 years out of inward remittance. Tax benefits for NRIs NRIs can avail of various tax benefits from a range of bank accounts and deposits. Some of the accounts offering such benefits are as follows:  NRE Account: Offers interest income tax free in India  NRO Account: Interest income is taxed as per India Income Tax Rules. Reduced tax under Double Tax Avoidance Agreement  FCNR Account: Offers interest income tax free in India Policies and Regulations Foreign Exchange Management Act, 1999 (FEMA) The Foreign Exchange Management Act, 1999 determines the laws regulating foreign exchange and enlists the various deposit schemes available to NRIs. From the NRI perspective, FEMA broadly covers all matters related to foreign exchange, investment avenues for NRIs such as immovable property, bank deposits, government bonds, investment in shares, units and other securities, and foreign direct investment in India. Under FEMA, NRIs have several investment options. NRIs could invest through OCBs. However that category of investor is abolished with effect from 16.9.2003. Now NRIs can invest through their companies just as any other foreign company. Investment can be made on repatriable basis and non-repatriable basis. In case of investment on non-repatriable basis, principal is non-repatriable. But incomes can be repatriated as the same are current account transactions. This principle applies for all investments and incomes. FEMA vests with RBI, the sole authority to grant general or special permission for all foreign exchange related activities mentioned above. For more information on FEMA, refer to http://www.rbi.org.in/scripts/Fema.aspx Future perspective India is considered to be one of the fastest growing economies in the world and one of the most lucrative investment destinations. An NRI can also participate towards the growth of the country by investing in various schemes and instruments offered by the banking sector in India such as mutual funds, insurances etc. or by investing into shares, debenture, real estate or infrastructure sectors. However, it is also advisable that NRIs should also study each investment scheme independently and evaluate the repatriability of the investment. Things to know What is the best option for fixed deposit for an NRI which will not attract tax in India? For a deposit in the NRO account - it is subject to a TDS. The bank will deduct tax at the time of crediting the interest on the Fixed Deposit in the account. In a situation where the interest income earned is below the exemption limit, an NRI may apply for a refund with the authorities for the taxes deducted. In case, one foresees that in coming financial years the income is below the limit for taxation purposes one may submit a FORM 15 G with the bank and avoid getting the tax deduction. One may also refer to http://www.allbankingsolutions.com/depsub3.htm for more information. When a fixed deposit (FD) matures in an NRO account, can the funds be repatriated outside India? Apart from TDS of 30.9 per cent is there any other tax or legal implications? As a legal rule, only partial remittance is possible in NRO accounts. Neither principal nor interest earned in NRO FD account is repatriable. For more information refer to http://www.rbi.org.in/scripts/FAQView.aspx?Id=23. What sort of NRI account can one open to remit rupee balance (funded from Indian income source in savings only) for foreign remittance? One needs to open both the NRO account as well as NRE account. First the money would come to NRO and then from there it would be transferred to NRE account after obtaining the certificate from the Chartered Accountant. What is the procedure to apply for a personal loan through NRI account? Personal Loan is not available to Non Resident Indian in India. Can the savings and income earned in India be repatriated? Yes, except where NRIs invest expressly in non-repatriable schemes. Dividends earned on foreign investments can be remitted without restriction.

E-Newsletter of the Embassy of India, Paramaribo

8


Indian Cultural Centre, Paramaribo VISIT OF A 14-MEMBER BIHU DANCE GROUP FROM ASSAM

Page

8

A 14-member Bhiu Dance Group from Assam visited Suriname on the occasion of 138th Indian Arrival Day in Suriname from 2 – 8 June, 2011, and gave six performances in Suriname. The troupe was sponsored by Indian Council for Cultural Relations, New Delhi and the local sponsors of the troupe were Department of Culture of Suriname, Cultural Union of Suriname (CUS), Suriname International Ladies Association (SILA), Nationale Stichting Hindoestaanse Immigratie (NSHI) and Shri Sanatan Dharma Paramaribo (SSDP). The performances of the Bihu group were held at Distrct Wanica (3.6.2011), District Saramarcca( 06.5.2011) and in Paramaribo – Lala Rukh Gebrouw (4.6.2011), SSDP Mandir North Paramaribo (5.6.2011), Baba Mai Statue (5.6.2011), and at Mata Gauri Foundation (7.6.2011).

The troupe also gave a short presentation at AlphaMax Academy on 4.6.2011 on the occasion of installation of the bust of Gurudev Rabindranath Tagore. The troupe also gave presentation for local TV channels. ICC students had two useful interactions with the Bihu group on 4 and 8 June, 2011.

UNVEILING CEREMONY OF RABINDRANATH TAGORE’S BUST To celebrate 150th Birth Anniversary of Gurudev Rabindranath Tagore, Indian Council for Cultural Relations, New Delhi gifted a 42” Bust to AlphaMax Academy. Installation and unveiling ceremony of Rabindranath Tagore’s Bust was held on the lawns of school on Saturday 4th June, 2011 at 09.30 to 11.30 hrs. at AlphaMax Academy. First Lady of Suriname, Mrs. Ingrid Bouterse-Waldring and Ambassador of India, Shri K.J.S. Sodhi unveiled the bust. Bihu Dance Group gave a performance on the occasion. A song of Rabindra Nath Tagore was also rendered by the Vocal Music Teacher, ICC. The great attraction of this cultural event was recitation of Gitanjali by the students headed by the Director, Sean F. Taylor, of AlphaMax Academy, Paramaribo – Suriname. It was wonderful to notice that Gitanjali was recited by creoles (non-Indian), and was

presented by them with full postures and emotions. It was a big attraction for the audience.

E-Newsletter of the Embassy of India, Paramaribo

9


COMMEMORATION OF 138TH ANNIVERSARY OF INDIAN ARRIVAL DAY The commemoration of 138th year Hindostani Immigration was held on Sunday 5th June, 2011 at the Baba & Mai Statue. A number of dignitaries including Minister for Home Affairs, Minister for Finance, Mr. KJS Sodhi, Ambassador of India, Mr. Maurits Hassankhan, former Minister of Home Affairs, Ms. Quintus Bosch (Nani), social worker, Chairman, Cultural Union Suriname, Mr. Ashwin Adhin, Chairman, OHM, Mr.Bhagwan Gangarampanday and other member of Cultural Union Suriname (CUS) were among those who garlanded the statue. Bihu Group

gave here the fourth performance on the occasion.

MEDITATION AND QUESTION & ANSWER SESSION on 7th & 8th June 2011 ICC Yoga teacher Ms. Suchint Kaur Sodhi conducted a meditation session, which was followed by question answer session in which students cleared their doubts related to Yoga practices and they were guided on the assessment programme scheduled for the last week of June, 2011.

TALK ON AYODHYA KAND RAMAYANA On 10th & 24th June 2011 talk on Ayodhya Kand Ramayana was delivered by Dr. S.K. Jha, Hindi Teacher ICC. Around 35 students and Pandits attended the programme which included recitation of Hanuman Chalisa, Chaupaiyan’s, Ram Bhajans and Dohas, short stories on moral values, etc. The topic of Ram-Bharat Milan at Chitrakoot is going on; this is the best example of brotherhood in Indian culture. Poetic pronunciations of Shlokas (mantra) were also taught to the students.

VISIT OF A 15-MEMBER BHANGRA AND GIDDA GROUP A 15-member Bhangra & Gidda group “Naksh Virsa Punjab da Bhangra” led by Shri Sandeep Sharma visited Suriname from 15 – 18 June, 2011, and gave three performances in Suriname. The troupe was sponsored by Indian Council for Cultural Relations, New Delhi and the local sponsors of the troupe were Department of Culture of Suriname, Cultural Union of Suriname (CUS), Suriname International Ladies Association (SILA), Nationale Stichting Hindoestaanse Immigratie (NSHI) and Shri Sanatan Dharma Paramaribo (SSDP). The performances of the Bhangra and Gidda group were held at the prestigious Congress Hall auditorium (15.06.2011), SSDP Mandir North Paramaribo (16.6.2011) and at District Commewijne (17.6.2011). The troupe also gave presentation for local TV channels. ICC students had one useful interaction with the Bhangra and Gidda group.

E-Newsletter of the Embassy of India, Paramaribo

10


INDIAN CULTURAL CENTRE PARAMARIBO – CALENDAR for AUGUST 2011 ‘DRAWING & PAINTING CLASSES’ (Conducted by Mr. Ranjan Akloe) Every Wednesday – 3rd , 10th, 17th & 24th August 2011 (1700 to 1815 hrs.) Venue: Visitor Room ICC , Paramaribo ‘TULSI JAYANTI’ Friday 5th August 2011 (1930 to 2100 hrs.) Venue: Mata Gauri, Paramaribo ‘AYODHYA KAND RAMAYANA’ Fridays 12th & 26th August 2011 (1700 to 1830 hrs.) Venue: Hindi Class, ICC, Paramaribo ‘MALHAR’ (Aya Sawan Jhoom Ke) (ICC student’s presentation) Friday 12th August 2011 (1900 to 2030 hrs.) Venue: Yoga Hall, ICC, Paramaribo ‘FLAG HOISTING CEREMONY’ (On India’s Independence Day) Monday 15th August 2011 (0900 onward) Venue: Embassy of India, Paramaribo ‘COOKERY CLASS’ Wednesday 17th August 2011 (1700 to 1800 hrs.) Venue: ICC, Paramaribo ‘A THEATRICAL BALLET’ (By ICC Kathak dance students) “Geet Govind” (On the ocassion of Janamashtami) Friday 19th August 2011 (1900 to 2030 hrs.) Venue: Yoga Hall, ICC, Paramaribo ‘RAMADAN KARIM’ Thursday 25th August 2011 (1830 to 2100 hrs.) Venue: Embassy Residence, 254 Anton Dragtenweg Paramaribo ‘YOGA WORKSHOP ON AGING AND AWARENESS’ (For all Yoga students) Friday 26th August 2011 (1700 to 1900 hrs.) Venue: Yoga Hall, ICC, Paramaribo

TALK ON HEALTH & FOOD On 13 June, ICC Yoga Teacher, Ms. Suchint Kaur Sodhi, delivered a lecture on health & food at Sita Ram Mandir, Kwatta, for promoting health awareness and the role of food in health, balanced diet, Yogic Diet and the three effects of the food on body and mind were described. In addition, she explained which food should be taken in different seasons and importance of nutritious food to the body.

INDIAN COOKERY CLASS ('YOGHURT AS A DESSERT (Shri Khand) A demonstration of an Indian dish ‘Yoghurt as a dessert – (Shri Khand)’ was given at the monthly cookery class organized at the Indian Cultural Centre on 15 June, 2011. Around 25 local ladies attended the class and appreciated the preparation. The recipe and method of preparation were explained and after that dish was served to all the invitees.

VISIT BY DR. VIMLESH KANTI VERMA Well known Hindi scholar Dr. Vimlesh Kanti Verma visited Suriname from 16 June to 6 July, 2011. His visit was sponsored for ten days by the Indian Council for Cultural Relations, New Delhi and Sahitya Maitri Sansthan, Paramaribo. During his visit, he held a number of Remedial Teachers Training Workshops for Hindi teachers in Suriname. He also delivered a talk at Suriname University on the Language Policy of India. During his stay he made calls on the Minister of Home Affairs and the Minister of Education and was invited by the local television channels and radio stations. He also had interaction with members of Suriname Language Commission who are currently involved in evolving a language policy for Suriname. The details of the meetings and workshops are as given below: i) Meet with the Press on 16 June, 2011: Dr. Verma had a press meet on 16 June, 2011 at the ICC Yoga Hall wherein he explained to the media the purpose of his visit. (ii) Lecture on Teaching Hindi as a Foreign Language: A lecture was delivered on the topic of “Hindi Kal Aur Aaj” teaching Hindi as a foreign language by Prof. Vimlesh Kanti Verma on 18th June at ICC, Yoga Hall. In this talk, he described various forms of Hindi in foreign countries like in Africa - Netali Hindi, in Suriname - Sarnami Hindi, in Fiji - Fijian Hindi, in Mauritius - Bhojpuri Hindi, etc. The Hindi scholars of Suriname including Pt. Patandin, Pt. Tilakdhari of Arya Diwakar Mandir, Mr. Bholanath Narain of Suriname Hindi Parishad also presented their views regarding role of different organizations for the development/growth of Hindi in Suriname. (iii) Workshop on Hindi Rachna Prakriya Ka Vikas Aur Bhasha Ka Prachar Prasar: A workshop was conducted on the topic of ‘Teaching Hindi at Primary and Secondary Levels and Teaching Hindi as a Foreign Language’ at Hindi room, Indian Cultural Centre, Paramaribo on 19th June, 2011. In this workshop the local Hindi teachers/senior level Hindi students of Indian Cultural Centre presented their difficulties in front of Prof. Vimlesh Kanti Verma and he describes how to deal with these difficulties/problems while teaching of primary and secondary language. A long discussion regarding Varnamala (alphabets) of Hindi and problem related to Hindi Vayakaran (grammar) was discussed among them. (iv) Seminar: Development of Sarnami Hindi - its Literature and Contribution In Strengthening Hindi: A seminar on the

E-Newsletter of the Embassy of India, Paramaribo

11


‘Development of Sarnami-Hindi’ was organized on 21 June, 2011at Suriname Hindi Parishad, Paramaribo. Prof. Vimlesh Kanti Verma, the discussed the linguistic situation of Sarnami and its similarities and differences with Hindi. He asserted that in Sarnami Hindi there are 70% Avadhi words, 20% Maghahi words and 10% of Bhojpuri words. During the discussion, the features and future of Sarnami Hindi was also discussed. A number of local Hindi scholars participated in the discussions. (v) Interaction with Hindi students: An interaction programme with the Hindi students of Parichay, Kovid, Ratna and local Hindi teachers with Prof. Vimlesh Kanti Verma took place at Hindi room, Indian Cultural Centre, Paramaribo on 22nd June, 2011 in which the main focus was on use of dictionary, reading and pronunciation of Hindi words. In the discussion Prof. Verma described some special features of Hindi Viyakaran (Grammar) and its terminology. The participants shared their problems with Prof. Verma and he explained to them solutions to their problems /difficulties. (vi) Lecture on Official Language Policy: A lecture on the ‘Official Language Policy of India’ was delivered by Prof. Vimlesh Kanti Verma at Guest House, University of Suriname, Paramaribo on 22 June 2011. In this lecture he described the official language policy in India. Prof. Verma explained why Hindi has been accepted as official and national language of India. The lecture was followed by a question answer session. The Minister of Home Affairs of Suriname was amongst the audience. This discussion on the topic was very relevant as Suriname is multi ethnic and multi lingual society and lately a Language Commission has been set up to focus on the language issue. (vii) Lecture On Revelance Of Ramayana: A lecture on the ‘Relevance of Ramayana’ was delivered by Prof. Vimlesh Kanti Verma at Mata Gauri Centre, Paramaribo on 23rd June 2011 . In this lecture he described various aspects and significance of Ramcharit Manas which are relevant in the present scenario and its symbolism. A short cultural programme which followed this lecture was presented by the vocal music students of ICC. Dr. Verma also presented a set of pairing books written by his wife Mrs. Dheera Verma for teaching Hindi on this occasion to Ambassador of India Shri KJS Sodhi which Ambassador presented to ICC. Workshop at Nickerie: A Workshop was conducted at Nickerie for Hindi teachers on 25-26 June 2011 in which Dr. Verma explained how to make Hindi teaching interesting and focused on methodology for teaching the Hindi alphabet, on importance of language labs which interested the participants and all of them eagerly asked questions related to their practical problems. Workshop at SSDP A Remedial Hindi Teaching workshop for local Hindi teachers was held at SSP Not hub which about 45 teachers from Paramaribo participated.

SELF ASSESSMENT PROGRAMME IN YOGA ICC Yoga Teacher, Ms. Suchint Kaur Sodhi, conducted senior student’s exams (self-assessment programme) from 20 to 23 June, 2011 at practical and theory level. 90 participants appeared in the programme and showed good response. They also shared experiences after one year Yoga classes programme, including, day to day problems like backache, migraine, lack of sleep (Insomnia), high blood pressure etc.

ANNUAL YOGA DAY Annual Yoga Day was organized on 25 June, 2011 at ICC. On the occasion, ICC Yoga Teacher, Ms. Suchint Kaur Sodhi, made a Presentation of Yoga activities undertaken during the year. Besides, Ambassador of India, Shri K.J.S. Sodhi, the Ambassador of Guyana, Ms. Merlin Udho and other distinguished guest were present on the occasion. Four ICC Yoga students also spoke on different yoga topics, including their experiences. A 15 minute demonstration of yoga asanas was also performed by the students. The results of self assessment programme in Yoga which was conducted from 20-23 June, 2011 were also announced.

SANT KABIR SMRITI To commemorate Kabir Jayanti, a special programme entitled ‘Sant Kabir Smriti’ was held on 28th of June 2011 at Yoga Hall, ICC. The programme started with a brief introduction of Sant Kabhir by Director, ICC Shri Sunil Bhalla. ICC vocal music and Hindi students presented Kabir’s Dohas and Bhajans. Prof. Vimlesh Kanti Verma the renowned Hindi scholar and linguist from University of Delhi, India was the keynote speaker on the occasion. Dr. Narayandatt Gangarampanday and Pt. Avtar Birjanand local Hindi scholars also spoke on the occasion.

E-Newsletter of the Embassy of India, Paramaribo

12


A BOOK RELEASE FUNCTION A book release function was organized jointly by ICC and Sahitya Mitra Sansthan of Suriname on 29 June, 2011 at Mata Gauri Foundation. On the occasion, Hindi Kavya Sangrah (Poetry collection) of local Hindi poet Mr. Devanand Seoradj was released. ICC vocal music students presented a short cultural programme including Hindi Geet and Bhojpuri folk songs.

YOGA WORKSHOP ON BACKACHE ICC Yoga teacher, Ms. Suchint Kaur Sodhi, th conducted a workshop on 30 June 2011 on stress related physical problems such as Backache, Seventy-five students attended the workshop, in which she have explained what the causes are such as symptoms and how Yoga practises can help the people in this problem.

YOGA SESSION A Yoga lecture cum Session was conducted at Yoga Niketan Centre, Paramaribo on 30th June 2011 by the ICC Yoga teacher Ms. Suchint Kaur Sodhi, for one hour from 6.00 p.m. to 7.00 p.m. wherein 60 students participated. In this session various Yoga practices like Kapalbharti, Crocodile variations, Surya Namaskar, Cobra Pose, Vakrasana, Gaumukh Asana, Uttan Manduk Asan and the basic breathing techniques were explained along with warming and stretching practices. One lecture was also given on lifestyle.

E-Newsletter of the Embassy of India, Paramaribo

13


рд▓рд┐рд▓рдд рдХрд▓рд╛ рдЕрдХрд╛рджрдореА (рднрд╛рд░рдд рдХ рд╕рд╛рдВрдГрдХреГ рд┐рддрдХ рд╡рд░рд╛рд╕рдд рдХреЛ рд╕реБрд░рд╢рдд рд░рдЦрдиреЗ рдХ  рд╕реЗ рднрд╛рд░рдд рдХреЗ рд╕рдВрдГрдХреГ рд┐рдд рдордВрд╜рд╛рд▓рдп рдХреЗ рдЕрдВрддрдЧ"рдд рддреАрди рдЕрдХрд╛рджрд┐рдордп# рдХрд╛ рдЧрдарди %рдХрдпрд╛ рдЧрдпрд╛ рд╣реИ , рд╕рдВрдЧреАрдд рдирд╛рдЯрдХ рдЕрдХрд╛рджрдореА, рд╕рд╛%рд╣)рдп рдЕрдХрд╛рджрдореА рдФрд░ рд▓рд┐рд▓рдд рдХрд▓рд╛ рдЕрдХрд╛рджрдореАред рдЗрд╕ рдЕрдВрдХ рд╕реЗ рд╢реБ- рдХрд░ рд╣рдо рдЗрди рддреАрди# рдЕрдХрд╛рджрд┐рдордп# рдкрд░ рдмрд╛рд░0 рдмрд╛рд░0 рдЪрдЪрд╛" рдХрд░2 рдЧ,реЗ рддреЛ рд╕рд╡"реВрдердо реВрдГрддреБрдд рд╣реИ рд▓рд┐рд▓рдд рдХрд▓рд╛ рдЕрдХрд╛рджрдореА рдХрд╛ рд╡рд╡рд░рдг ) рднрд╛рд░рддреАрдп рдХрд▓рд╛ рдХреЗ реВрд┐рдд рджреЗ рд╢-рд╡рджреЗ рд╢ рдо2 рд╕рдордЭ рдмреЭрд╛рдиреЗ рдФрд░ реВрдЪрд╛рд░-реВрд╕рд╛рд░ рдХреЗ рд┐рд▓рдП рд╕рд░рдХрд╛рд░ рдиреЗ рдирдИ %рджрд▓рд▓реА реН рдо2 1954 рдо2 рд▓рд┐рд▓рдд рдХрд▓рд╛ рдЕрдХрд╛рджрдореА (рдиреЗрд╢рдирд▓ рдЕрдХрд╛рджрдореА рдСрдл рдЖ>рд╕") рдХ рд╕рдерд╛рдкрдирд╛ рдХ рдереАред рдЕрдХрд╛рджрдореА рдХреЗ рд▓рдЦрдирдК, рдХреЛрд▓рдХрд╛рддрд╛, рдЪреЗрдирдирдИ, рдирдИ %рджрд▓рд▓реА рдХрд▓рд╛ рдХ2рд┐ рдХреЗ рдирд╛рдо рд╕реЗ рдЬрд╛рдирд╛ рдЬрд╛рддрд╛ рд╣реИ ред рдЗрди рдХ2рд┐# рдкрд░ реН реН реН рдФрд░ рднреБрд╡рдиреЗрд╢рд╡рд░ реН рдо2 @реЗрд╜реАрдп рдХ2рд┐ рд╣B рдЬрдирд╣2реН рд░рд╛рд╖рд╢0рдп реН рдк2%рдЯрдВ рдЧ, рдореВрд┐рдд"рдХрд▓рд╛, реВрдВрдЯ-рд┐рдирдорд╛"рдг рдФрд░ рдЪреАрдиреА рд┐рдо>рдЯ0 рдХ рдХрд▓рд╛рдУрдВ рдХреЗ рд╡рдХрд╛рд╕ рдХреЗ рд┐рд▓рдП рдХрд╛рдп"рд╢рд╛рд▓рд╛-рд╕реБрд╡рдзрд╛рдПрдВ рдЙрдкрд▓рдмрдз реН рд╣B ред рдЕрдХрд╛рджрдореА рдЕрдкрдиреА рд╕рдерд╛рдкрдирд╛ рд╕реЗ рд╣0 рд╣рд░ рд╡рд╖" рд╕рдорд╕рд╛рдорд┐рдпрдХ рднрд╛рд░рддреАрдп рдХрд▓рд╛рдУрдВ рдХ реВрджрд╢"рд┐рдирдпрд╛рдВ рдЖрдпреЛрдЬрдд рдХрд░рддреА рд░рд╣0 рд╣реИ ред 50-50 рд╣рдЬрд╛рд░ JрдкрдпреЗ рдХреЗ 15 рд░рд╛рд╖рд╢0рдп рдкреБрд░рд╕рдХрд╛рд░ рднреА реВрджрд╛рди %рдХрдП реН реН реН рдЬрд╛рддреЗ рд╣B ред реВрддрдпреЗ реВрджрд╢"рдиреА (рд╜рдирд╛рд▓реЗ рдЗрдВ %рдбрдпрд╛) рдЖрдпреЛрдЬрдд рдХрд░рддреА рд╣реИ ред реН рдХ рддреАрди рд╡рд╖" рдкрд░ рдЕрдХрд╛рджрдореА рд╕рдордХрд╛рд▓реАрди рдХрд▓рд╛ рдкрд░ рдирдИ %рджрд▓рд▓реА реН рдо2 рд╜реИрд╡рд╛рд╖"рдХ рдЕрдВрддрд░рд╛"рд╖рд╢0рдп реН рдЖрдХрджрдореА рд╣рд░ рд╡рд╖" рдЬрд╛рдиреЗ-рдорд╛рдиреЗ рдХрд▓рд╛рдХрд╛рд░# рдФрд░ рдХрд▓рд╛@реЗрд╜ рдХреЗ рдЗрд┐рддрд╣рд╛рд╕рдХрд╛рд░# рдХреЛ рдЕрдкрдирд╛ рдлреЗрд▓реЛ рдЪреБрдирдХрд░ рд╕рдордорд╛рд┐рдирдд рдХрд░рддреА рд╣реИ ред рд╡рджреЗ рд╢# рдо2 рднрд╛рд░рддреАрдп рдХрд▓рд╛ рдХреЗ реВрдЪрд╛рд░-реВрд╕рд╛рд░ рдХреЗ рд┐рд▓рдП реН рдЕрдХрд╛рджрдореА рдЕрдВрддрд░рд╛"рд╖рд╢0рдп %Lрд╡рд╛рд╖"%рдХрдп# рдФрд░ рд╜рд╡рд╛рд╖"%рдХрдп# рдо2 рд┐рдирдпрд┐рдордд -рдк рд╕реЗ рднрд╛рдЧ рд▓реЗрддреА рд╣реИ рдФрд░ рдЕрдирдп реН реН рджреЗ рд╢# рдХ рдХрд▓рд╛рдХреГ рд┐рддрдп# рдХ реВрджрд╢"рд┐рдирдпрд╛рдВ рднреА рдЖрдпреЛрдЬрдд рдХрд░рддреА рд╣реИ ред рджреЗ рд╢ рдХреЗ рдХрд▓рд╛рдХрд╛рд░# рдХрд╛ рдЕрдирдп реН рджреЗ рд╢# рдХреЗ рдХрд▓рд╛рдХрд╛рд░# рдХреЗ рд╕рд╛рде рдореЗрд▓рд┐рдорд▓рд╛рдк рдФрд░ рддрд╛рд▓рдореЗрд▓ рдмреЭрд╛рдиреЗ рдХреЗ рдЙMреЗ рд╢рдп реН рд╕реЗ рдЕрдХрд╛рджрдореА рднрд╛рд░рдд рд╕рд░рдХрд╛рд░ рдХреЗ рд╕рд╛рдВрд╕рдХреГреН рд┐рддрдХ рдЖрджрд╛рди-реВрджрд╛рди рдХрд╛рдп"рдмрдо# рдФрд░ рд╕рдордЭреМрдд# рдХреЗ рдЕрдВрддрдЧ"рдд рдХрд▓рд╛рдХрд╛рд░# рдХреЛ рдПрдХ-рджрд╕ рдерд╛ реН реН рдХрд░рддреА рд╣реИ ред реВ рд░реЗ рдХреЗ рдпрд╣рд╛рдВ рднреЗрдЬрдиреЗ рдХ рд╡рдпрд╡рд╕ рд▓рд┐рд▓рдд рдХрд▓рд╛ рдЕрдХрд╛рджрдореА рдХрд▓рд╛ рд╕рдВрд╕рдерд╛рдУрдВ /рд╕рдВрдЧрдарди# рдХреЛ рдорд╛Pрдпрддрд╛ реВрджрд╛рди рдХрд░рддреА рд╣реИ рдФрд░ рдЗрди рд╕рдВрд╕рдерд╛рдУрдВ рдХреЗ рд╕рд╛рде-рд╕рд╛рде рд░рд╛рдЬрдп# реН реН реН рдХ рдЕрдХрд╛рджрд┐рдордп# рдХреЛ рдЖрд┐рде"рдХ рд╕рд╣рд╛рдпрддрд╛ рджреЗ рддреА рд╣реИ ред рдпрд╣ @реЗрд╜реАрдп рдХ2рд┐# рдХреЗ реВрд┐рддрднрд╛рд╡рд╛рди рдпреБрд╡рд╛ рдХрд▓рд╛рдХрд╛рд░# рдХреЛ рдЫрд╛рд���рд╡реГR рднреА реВрджрд╛рди рдХрд░рддреА рд╣реИ ред рдЕрдкрдиреЗ реВрдХрд╛рд╢рди рдХрд╛рдп"рдмрдо рдХреЗ рддрд╣рдд рдЕрдХрд╛рджрдореА рд╕рдордХрд╛рд▓реАрди рднрд╛рд░рддреАрдп рдХрд▓рд╛рдХрд╛рд░# рдХ рд░рдЪрдирд╛рдУрдВ рдкрд░ %рд╣рдВ рдж0 рдФрд░ рдЕрдВрдореЗрдЬреА рдо2 рдореЛрдиреЛрдорд╛рдл рдФрд░ рд╕рдордХрд╛рд▓реАрди рдкрд╛рд░рдВ рдкTрд░рдХ рддрдерд╛ рдЬрдирдЬрд╛рд┐рддрдп рдФрд░ рд▓реЛрдХ рдХрд▓рд╛рдУрдВ рдкрд░ рдЬрд╛рдиреЗ рдорд╛рдиреЗ рд▓реЗрдЦрдХ# рдФрд░ рдХрд▓рд╛ рдЖрд▓реЛрдЪрдХ# Lрд╛рд░рд╛ рд┐рд▓рдЦрдд рдкреБрд╕рддрдХ реН 2 реВрдХрд╛рд┐рд╢рдд рдХрд░рддреА рд╣реИ ред рдЕрдХрд╛рджрдореА рдЕрдВрдореЗрдЬреА рдо2 'рд▓рд┐рд▓рдд рдХрд▓рд╛ рдХрдВрдЯ2 рдкрд░реЗ Tрд░', 'рд▓рд┐рд▓рдд рдХрд▓рд╛ рдПрдВрд┐рд╢рдПрдВрдЯ' рддрдерд╛ %рд╣рдВ рдж0 рдо2 'рд╕рдордХрд╛рд▓реАрди рдХрд▓рд╛' рдирд╛рдордХ рдЕU" рд╡рд╛рд╖"рдХ рдХрд▓рд╛ рдкрд╜рдХрд╛рдПрдВ рднреА реВрдХрд╛рд┐рд╢рдд рдХрд░рддреА рд╣реИ ред рдЗрд╕рдХреЗ рдЕрд▓рд╛рд╡рд╛ рдЕрдХрд╛рджрдореА рд╕рдордп-рд╕рдордп рдкрд░ рд╕рдордХрд╛рд▓реАрди рдкрдВ%рдЯрдВ рдЧрд╕ рдВ рд╛рди рдФрд░ рдЕрд┐рднрд▓реЗрдЦрди рдХрд╛ реН рдФрд░ рдорд╛%рдлрдХреН рд╕ рдХреЗ рдмрд╣реБрд░рдВрдЧреА рд╡рд╢рд╛рд▓ рдЖрдХрд╛рд░ рдХреЗ реВрд┐рддрдлрд▓рдХ рднреА рд┐рдирдХрд╛рд▓рддреА рд╣реИ ред рдЕрдХрд╛рджрдореА рдиреЗ рдЕрдиреБрд╕рдз рд┐рдирдпрд┐рдордд рдХрд╛рдп"рдмрдо рднреА рд╢реБ- %рдХрдпрд╛ рд╣реИ ред рднрд╛рд░рддреАрдп рд╕рдорд╛рдЬ рдФрд░ рд╕рдВрд╕рдХреГреН рд┐рдд рдХреЗ рд╡рд┐рднрдирди реН рдкрд╣рд▓реБрдУрдВ рд╕реЗ рд╕рдВрдмU рд╕рдорд╕рд╛рдорд┐рдпрдХ рд▓реЛрдХрд▓рд╛ рд╕рдВрдмрдВрдзреА рдкTрд░рдпреЛрдЬрдирд╛ рдкрд░ рдХрд╛рдо рдХрд░рдиреЗ рдЕрдХрд╛рджрдореА рд╡Lрд╛рди# рдХреЛ рдЖрд┐рде"рдХ рд╕рд╣рд╛рдпрддрд╛ рджреЗ рддреА рд╣реИ ред

реВреЗрдордЪрдВрдж рдХреЗ рд╕рд╛%рд╣)рдп рдХ рд╡рд╢реЗрд╖рддрд╛рдПрдБ реВреЗрдордЪрдВрдж %рд╣рдВ рдж0 рдХреЗ рдпреБрдЧ реВрд╡рдд"рдХ рд░рдЪрдирд╛рдХрд╛рд░ рд╣B ред рдЙрдирдХ рд░рдЪрдирд╛рдУрдВ рдо2 рдд)рдХрд╛рд▓реАрди рдЗрд┐рддрд╣рд╛рд╕ рдмреЛрд▓рддрд╛ рд╣реИ ред рд╡реЗ рд╕рд╡"реВрдердо рдЙрдкPрдпрд╛рд╕рдХрд╛рд░ рдереЗ рдЬPрд╣#рдиреЗ рдЙрдкPрдпрд╛рд╕ рд╕рд╛%рд╣)рдп рдХреЛ рд┐рддрд▓рдГрдореА рдФрд░ рдРрдпрд╛рд░0 рд╕реЗ рдмрд╛рд╣рд░ рд┐рдирдХрд╛рд▓ рдХрд░ рдЙрд╕реЗ рд╡рд╛рдГрддрд╡рдХ рднреВрд┐рдо рдкрд░ рд▓рд╛ рдЦреЬрд╛ %рдХрдпрд╛ред рдЙPрд╣#рдиреЗ рдЕрдкрдиреА рд░рдЪрдирд╛рдУрдВ рдо2 рдЬрди рд╕рд╛рдзрд╛рд░рдг рдХ рднрд╛рд╡рдирд╛рдУрдВ, рдкTрд░рдГрдерд┐рддрдп# рдФрд░ рдЙрдирдХ рд╕рдордГрдпрд╛рдУрдВ рдХрд╛ рдорд╛рд┐рдо"рдХ рд┐рдЪрд╜рдг %рдХрдпрд╛ред рдЙрдирдХ рдХреГ рд┐рддрдпрд╛рдБ рднрд╛рд░рдд рдХреЗ рд╕рд╡рд╛"рд┐рдзрдХ рд╡рд╢рд╛рд▓ рдФрд░ рд╡рдГрддреГрдд рд╡рдЧ" рдХ рдХреГ рд┐рддрдпрд╛рдБ рд╣B ред реВреЗрдордЪрдВрдж рдХ рд░рдЪрдирд╛рдУрдВ рдХреЛ рджреЗ рд╢ рдо2 рд╣0 рдирд╣0рдВ рд╡рджреЗ рд╢# рдо2 рднреА рдЖрджрд░ реВрд╛Y рд╣B ред реВреЗрдордЪрдВрдж рдФрд░ рдЙрдирдХ рд╕рд╛%рд╣)рдп рдХрд╛ рдЕрдВрддрд░рд╛"ZреАрдп рдорд╣)рд╡ рд╣реИ ред рдЖрдЬ рдЙрди рдкрд░ рдФрд░ рдЙрдирдХреЗ рд╕рд╛%рд╣)рдп рдкрд░ рд╡[ рдХреЗ рдЙрд╕ рд╡рд╢рд╛рд▓ рдЬрди рд╕рдореВрд╣ рдХреЛ рдЧрд╡" рд╣реИ рдЬреЛ рд╕рд╛реЖрд╛]рдпрд╡рд╛рдж, рдкреВрдБрдЬреАрд╡рд╛рдж рдФрд░ рд╕рд╛рдордВрддрд╡рд╛рдж рдХреЗ рд╕рд╛рде рд╕рдВрдШрд╖" рдо2 рдЬреБрдЯрд╛ рд╣реБрдЖ рд╣реИ редреВреЗрдордЪрдВрдж рдХ рд░рдЪрдирд╛рдУрдВ рдо2 рдЬреАрд╡рди рдХ рд╡рд╡рдз рд╕рдордГрдпрд╛рдУрдВ рдХрд╛ рд┐рдЪрд╜рдг рд╣реБрдЖ рд╣реИ ред рдЙPрд╣#рдиреЗ рд┐рдорд▓ рдорд╛рд┐рд▓рдХ рдФрд░ рдордЬрджрд░реВ #, реЫрдореАрджрд╛рд░# рдФрд░ %рдХрд╕рд╛рди# рддрдерд╛ рдирд╡реАрдирддрд╛ рдФрд░ реВрд╛рдЪреАрдирддрд╛ рдХрд╛ рд╕рдВрдШрд╖" %рджрдЦрд╛рдпрд╛ рд╣реИ ред реВреЗрдордЪрдВрдж рдХ рд▓реЬрд╛рдИ рдХрд╛ рдорддрд▓рдм рдерд╛ рдзрдо"рд┐рдирд░рдкреЗ@рддрд╛ рдХ рд▓реЬрд╛рдИ, рд╕реЗрдпреВрд▓Tрд░рдПрдо рдХ рд▓реЬрд╛рдИ. рдЖреЫрд╛рдж0 рдХ рд▓реЬрд╛рдИ рд╕реЗ рдкрд╣рд▓реЗ рд╕рд╛рдВреВрджрд╛рд┐рдпрдХрддрд╛ рдХ рдкреГaрднреВрд┐рдо рдХреБрдЫ рдФрд░ рдереА. реВреЗрдордЪрдВрдж рдХ рднрд╛рд╖рд╛ рд╕рд░рд▓ рдФрд░ рд╕рдЬреАрд╡ рдФрд░ bрдпрд╛рд╡рд╣рд╛Tрд░рдХ рд╣реИ ред рдЙрд╕реЗ рд╕рд╛рдзрд╛рд░рдг рдкреЭреЗ -рд┐рд▓рдЦреЗ рд▓реЛрдЧ рднреА рд╕рдордЭ рд▓реЗрддреЗ рд╣B ред рдЙрд╕рдо2 рдЖрд╡рдБрдпрдХрддрд╛рдиреБрд╕рд╛рд░ рдЕрдВрдореЗреЫреА, рдЙрдж" ,реВ рдлрд╛рд░рд╕реА рдЖ%рдж рдХреЗ рд╢dрдж# рдХрд╛ рднреА реВрдпреЛрдЧ рд╣реИ ред реВреЗрдордЪрдВрдж рдХ рднрд╛рд╖рд╛ рднрд╛рд╡# рдФрд░ рд╡рдЪрд╛рд░# рдХреЗ рдЕрдиреБрдХреВрд▓ рд╣реИ ред рдЧрдВрднреАрд░ рднрд╛рд╡# рдХреЛ bрдпe рдХрд░рдиреЗ рдо2 рдЧрдВрднреАрд░ рднрд╛рд╖рд╛ рдФрд░ рд╕рд░рд▓ рднрд╛рд╡# рдХреЛ bрдпe рдХрд░рдиреЗ рдо2 рд╕рд░рд▓ рднрд╛рд╖рд╛ рдХреЛ рдЕрдкрдирд╛рдпрд╛ рдЧрдпрд╛ рд╣реИ ред рдЗрд╕ рдХрд╛рд░рдг рднрд╛рд╖рд╛ рдо2 рдГрд╡рд╛рднрд╛рд╡рдХ рдЙрддрд╛рд░-рдЪреЭрд╛рд╡ рдЖ рдЧрдпрд╛ рд╣реИ ред реВреЗрдордЪрдВрдж рдЬреА рдХ рднрд╛рд╖рд╛ рдкрд╛рд╜# рдХреЗ рдЕрдиреБрдХреВрд▓ рд╣реИ ред рдЙрдирдХреЗ %рд╣рдВ рдж реВ рдкрд╛рд╜ %рд╣рдВ рдж0 рдФрд░ рдореБрдГрд▓рдо рдкрд╛рд╜ рдЙрдж" реВ рдмреЛрд▓рддреЗ рд╣B ред рдЗрд╕реА реВрдХрд╛рд░ рдорд╛рдореАрдг рдкрд╛рд╜# рдХ рднрд╛рд╖рд╛ рдорд╛рдореАрдг рд╣реИ ред рдФрд░ рд┐рд╢@рдд# рдХ рднрд╛рд╖рд╛ рд╢реБU рдФрд░ рдкTрд░рдВрдХреГ рдд рднрд╛рд╖рд╛ рд╣реИ ред

E-Newsletter of the Embassy of India, Paramaribo

14


Tagore Bust Installed in Suriname

A 42” Bust of the Nobel Laureate, educator, philosopher, dramatist, choreographer, singer, songwriter, orator and publisher Rabindranath Tagore was unveiled in the lawns of Alpha Max Academy by the First Lady of Suriname Mrs. Ingrid Bouterse-Waldring on June 4th, in presence of the Vice President, other local dignitaries and all the students of the school. Along with Gautam Pal’s wonderfully sculpted figure of Tagore was also unveiled a plaque that bears the inspiring prayer – “Where the Mind is without fear”, the prayer which is daily recited by the teachers and students of the Alpha Max Academy right from its inception in September 1998. Today when India is celebrating the 150th Birth Anniversary of this great son of India, Surinamese are also proud to be a part of it and can boast of being the only one in Caribbean to be a part of celebrations actively. Enamored by the principles of Gurudev Rabindranath Tagore Alpha Max Academy made a request to Government of India via the Embassy of India in Suriname to be donated a bust of Tagore, who was also renowned as an educator, philosopher, dramatist, choreographer, singer, songwriter, orator and publisher following which the bust of Nobel Laureate was sent to Suriname by Indian Council Of Cultural Relations and installed in the grounds of Alpha Max Academy. In fact, it is no coincidence that the AlphaMax Academy has become home in Suriname to the bust of India’s internationally-recognized poet laureate and educator: Rabindranath Tagore has been a largely-unseen towering figure of inspiration at this fledgling institution of learning which ranges from kindergarten to primary to secondary and post-secondary education “Gurudev Rabindranath Tagore is a sacrosanct and significant Teacher [with a capital ‘T’] within the geography of this little school,” said Principal Sean F. Taylor. “As a creative person and educator, his approach and ideas serve as a beacon and lighthouse. He’s a trailblazer for the 21st century. We’ve sought without fanfare and fuss to emulate several of his educational ideals.” When this school was established here in Zorg-en-hoop, Tagorean ideals hovered silently in the background. They did not attempt to replicate the poet’s experiment at Shantiniketan, for the circumstances here and context – like India and elsewhere – are unique. Of importance was the spirit and approach to education and learning. The unveiling of bust was followed by short cultural performance by the visiting Bihu troupe from from India. Another highlight of the program was the poetry of Rabindranath Tagore, presented by students of Alpha Max Academy. These were selections from Tagore, including his “Earth Song,” a poem that is amazingly mimetic of the spirit of life in Suriname.

. E-Newsletter of the Embassy of India, Paramaribo

15


TRADE ENQUIRIES List of Commercial Inquiries Received from India, in June 2011

Name of the Company 1.

2.

3.

4.

5.

6.

7.

Tanya Soni Jagat Narayan Jewellers 41, Ghee Walon Ka Rasta, Johari Bazar, Jaipur Tel.: +91-9587436195 Mob: +91-9828817798 Skype: jagatnarayanjewellers E-mail: jagatnarayanjewellers@gmail.com Website: www.diamondngoldjewellery.in Rodney Alfred Creative International A-41 Mira Darshan, Opp Jangid Towers MTNL Road, Mira Road East Thane 401 107 Tel.: +91-22-28105141 E-mail: creativemktg2011@yahoo.in/ creativemktg@mtnl.net.in/ subhashckabra@yahoo.co.in/ creativespoutclosure.com Skype: creative.international Ms. Roopali Shah Export Dept., Avalanche Exam [ A Divn of World Trade Connections] 2nd Floor, B-166, Shrenikpark, Opp. Akota Stadium Productivity Road, Vadodara-390020 Gujarat Tel: +91-265-2342148/ 2325355 Fax: +91-265-2342148 Contact Person: Shalishkumar CEO- International Business Mob: +91-9824067098 E-mail: iebryp@gmail.com/ wtcindia@gmail.com Aleem Mulla L.Gems D-20, Amrit Puri Ghat Gate Jaipur, Rajasthan. Mob: +91-9983333324 E-mail: info.algems@gmail.com Piyush Rathod Proprietor Navdurga Engineering Works Canal Road, Opp. Dena Bank, Rajkot. (Gujarat) Tel.: +91-281-2924177 ; Mob: +01-94269-29691 E-mail: navdurga.engg@yahoo.in Hrishita Kolkata Mob: +91-8420089032 E-mail: hrishitatrading@gmail.com Neeraj Sharma Executive-International Business Eastman Industries Limited C-87,Focal Point, Phase-V, Ludhiana141010, Punjab Tel: +91-1614396035 ; Fax: +91-1612670934 Mob: +91-9988600912 E-mail: autotyre13@eastmanglobal.com Website Auto tyres: www.eastmanautotyres.com Website Batteries: www.eastmanautobattery.com

Product Diamond jewellery and Kundan Enamelled Oriental Jewellery

Plastic Caps/Spouts/Closures of various sizes used in the Lubricant Oil, Edible Oil, Chemical, Paint, Pharmaceutical, Mineral Water, Aerated Water and various other industries.

Various Products (International Business House from India engaged in Exports and Imports)

Precious and Semi-Precious Gems Stones

Cotton Ginning Machine Spares Parts like Doble Roller Ginning Spares, Knifes etc.

Raw Jute, Jute Yarn, Jute Fabric, Jute Sacks, Jute Designer Bag, PP Yarn, PP/ HDPE Fabric, PP/ HDPE Bags, etc. Automobile Tyres & Batteries

E-Newsletter of the Embassy of India, Paramaribo

16


8.

Chandrahas Kasina Cost Management Accountant, Octamec Engineering Ltd., Mumbai - 400 057 Tel.: +91-22-4248-9366 Mob: +91-9619224365 E-mail: chandrahas.kasina@octamec.com Website: www.octamec.com Jyotirmay Saha Techma Engineering Enterprise Pvt. Ltd. Stephen House, 4 BBD Bag (East) 3rd floor, Room No. 51-B, Kolkata – 700 051 Tel: +91-33-2231-4497/ 4498 Fax: +91-33-2242-7685 E-mail: sales.techmaengg@gmail.com Website: www.techmaengineering.com

Building and Construction Material

10.

Sanjay Sharma Export Executive T.T. Limited, 879, Master Prithvi Nath Marg, Opp. Ajmal Khan Park, Karol Bagh, New Delhi - 110005 Tel: +91-11-45060708 Fax: +91-11-45060741 Mob: +91-9818249419 E-mail: ssharma@tttextiles.com Website: www.tttextiles.com Skype: sanjay3384

Agro Commodities

11.

S.A.Rahman C.E.O Accurate Business Developers E-mail: businessdevolpers17@gmail.com Sunil Agarwal S.K. Industries Near Western Gate, Taj Mahal, Agra E-mail: skiagra@rediff.com Mob: +91-9837345772 S.R. Barasia Proprietor Diisaa International Overseas Manpower Recruitment Consultants 30A, Ram Krishna Samadhi Road, Kolkata-7000054 Telefax: +91-33-2320-3007; Mob: +91-9903700310 E-mail: diisaaainternational@yahoo.com/ diisaainternational@gmail.com Website: www.diisaainternational.com Neha Shrivastava, Export Manager International Business Division Stallen South Asia Pvt. Ltd. 6th floor, Matharu Arcade, Subhash Road, Vile Parle (East), Mumbai-400 057, Maharashtra Tel: +91-22-26830275,; Fax: +91-22-26820691 E-mail: exports@stallen.com/ stallen.export@gmail.com Website: www.stallen.com Nimesh Shah Athena Creation 71, Canning Street, 3rd Floor, A-305, Kolkata – 700001 Tel.: +9- 33-22159588/ 22353099 Fax: +91-33-22355431; Mob:+91-9339861441 E-mail: nimesh.athena@gmail.com

Brokers/ Broking Companies related to Pharmaceutical

9.

12.

13.

14.

15.

Railway Fasteners and Industrial Fasteners

Coloured, White & Gray Soap Stone Marble Handicrafts

Overseas Recruitment For Foreign Companies & Providing them with Highly Skilled, Skilled, Semi-Skilled, Unskilled Manpower for Construction/ Catering/ Manufacturing/ Mining/ Service etc sectors from India.

Animal Health Products & Feed Additives

Handicraft Items, especially items made from Terracotta

E-Newsletter of the Embassy of India, Paramaribo

17


16.

Mr. Prasad Kulkarni, Proprietor Tradelink International A- 9, Hariprasad Apartments, Vittalwadi, Sinhgadh Road, Pune 411051 Maharashstra Tel: +91-8983122421/ Mob: +91-9657221185 E-Mail: rujumrinu@gmail.com/ cotwto@yahoo.in/ trlkcomu@gmail.com

Fresh Fruit and Vegetables, Fruit Pulp/ Food and Food Products like Cashews, Tea and Coffee, Herbal (Ayurvedic/ Traditional Indian Medicines) in Liquid, Tablet, Cream, and Powderform Massage Oil ,Lotion Forms, which act as Health Improving Food Supplements and Cosmetics/ Building Materials/ Tools (Hand & Garden)/ Leather and Travel Goods/ Construction Equipment/ Garments fresh fruits +vegetables 2.bulk:onions+potatoes+provisions 3.all spices, and its derivative products and 4.provisions 4.cattle feeds, cereals, herbs

17.

LNB CONSORTIUM, Attn: L N Bhola E> Lnb.Consortium@gmail.com, M>+91.93 23 14 63 59 F>+91.22.22 08 31 84, Skype>"lnb.agroex.int" INTERNATIONAL MERCHANTING New Mumbai-India-400709 L N Bhola lnb.consortium@gmail.com

18.

Ms. Kinnary Chudasama Co-ordinator Social Media/ Internet Sales/ Customer Care Gujarat Tea Processors & Packers Ltd. “Wagh Bakri" House, Ambawadi, Ahmedabad 380 006, Gujarat Tel: +91-79-2640-9631/ 35, Ext. # 1329 Customer Care No: +91-79-66066246 Fax: +91-792640-5050 E-Mail: customers@waghbakritea.com Website: www.waghbakritea.com/ www.buytea.com www.facebook.com/waghbakri www.twitter.com/waghbakri

Premium and Specialty Teas

19.

Mr. Pradeep Patel / Mr.Sanjay Patel Jay Riddhi Siddhi Enterprise 145, Street No.16, Ghanshyam Nagar, Jagdish Nagar, L.H.Road, Surat – 395006, Mob: +91-937416015 E-mail: jai.rsent@gmail.com

Carbon Black

20.

Vishal Saxena E-mail: vishal0224@gmail.com

Bicycle Manufacturers / Assemblers

21.

D. Sivasankar Executive – Exports The Scientific Fertiliser Co. P. Ltd E-mail: exports.cbe@scientificfertiliser.com

Pesticides Formulations

22.

Pony Foreign Trade Manager Bull Fasteners Mob: +91-92564-2492) E-mail: bullfastenersindia@gmail.com

Washers/ Nuts / Bolts – Automotive, Industrial, Refineries Etc./ Threaded Rods used in Construction Purposes.

23.

Sai Kiran Managing Director Boretek Industries. Plot No. 7, Road No.8N, Bhavani Nagar, ECIL Post, Near Kushaiguda, Hyderabad 500062 Phone: +91-40-64526526; Mobile: +91-9866833229/ 9248035117 E-mail: info@boretekindustries.com/ sales@boretekindustries.com

A wide array of solution customized for range of Drilling activities from Water Well Drilling right through Mining and Construction.

E-Newsletter of the Embassy of India, Paramaribo

18


24.

25.

Jay J. Shukla Business Devlopment Executive Kilitch Drug Ltd. 37, Ujagar Industrial Estate, W.T. Patil Matrg, Deonar, Mumbai 400088 Tel: +91-22-67033322 Fax: +91-22-67031658; Mob: +91-9969264110 E-mail: ebd1@kilitch.com Dr. Suresh Goyal Director Dr. Goyal Medical Pvt. Ltd. E-mail: goyalmedical@gmail.com Website: www.goyalmedical.com

Finished Formulations

Medicine, Surgical, Dental, Veterinary, Hospital Related Products

Page

18

BHARAT DARSHAN – KERALA BACKWATERS

Embassy of India Address: Dr. Sophie Redmondstraat No. 221, Post Box No.1329, Paramaribo, Suriname Tel: (0597) 498344/531448/531449 (General) Telefax: (0597) 491106/499382 Email: ambindia@sr.net; amb.paramaribo@mea.gov.in; hoc.paramaribo@mea.gov.in Business Hours: The Embassy is open from 0800 hours till 1630 hours from Monday to Friday (except on holidays) and is closed on Saturday and Sunday. The Consular & Visa Section of the Embassy is open from 0900-1200 hours from Monday-Friday and is closed on Saturday and Sunday

E-Newsletter of the Embassy of India, Paramaribo

19


India e-Newsletter July 2011