India and Iran enjoy good cultural and economic relations. This is an opportune time to expand our friendly relations for betterment of commercial relations and development of both the countries said Mr. Rasoul Mansouri, Chairman, Commercial Organizations of Zanjan while addressing the members of the All India Association of Industries (AIAI) and the World Trade Centre, Mumbai . This high level delegation was led by Mr. Rasoul Mansouri, Chairman, Commercial Organizations of Zanjan and Mr. Mohammad Azizi, Mayor of Zanjan Muncipality.

Mr. Mansouri said that Zanjan province due to its location which is in the nearness of the most important industrial centers of the country such as Tehran, Qazvin, eastern and western Azerbaijan can be considered as a distinguished area for creation of the industrial regions in the northwest of Iran. This province by having powerful infrastructure facilities such as airport, railway, custom office, freeway. The province is also situated on transit route to Europe and the existence of miscellaneous mineral potentialities has created varied opportunities for growth and development of mineral and industrial investment.

Various excise incentives on readymades, food mixes, reduction on excise on petrol and petroleum products as well as doing away with import duty on steel scrap and coking coal are steps in right direction.

The province’s main export industrial commodities are as follows: Transformator-Chinaware-Cable-Wire, Granule, Different kinds of BCF thread, Textiles – Machines – made carpet, handmade carpet, granite stones.

Mr. Mansouri further added that India with its unique characteristics such as the second most populous country and existence of widespread market and high level of consumption and economic growth has always been a potential country for bilateral trade. India’s leading position in the field of IT makes it very attractive destination for the Iranian companies for outsourcing and finding investment partners.

Mr. Ebrahim Jamili, Chairman, Zanjan Chamber of Commerce, Mine & Industries said that we expect new techniques from India for our relevant manufacturing units and look forward to work together in areas of petrochemical, chemical, mining, pharma, auto sector and agro based industries for promoting bilateral trade.

Mr. Jamili further added that presently India is doing lot of trade with Iran but most of this trade is through Dubai and other countries. We need to deal directly with Indian companies in order to reduce transaction cost and he also hoped that trade would flourish after the implementation of the pipeline project.

Mr. Vijay G. Kalantri, President, All India Association of Industries (AIAI) in his welcome address said that India-Iran relations have been nurtured through centuries of trading. Bilateral trade between India and Iran has improved significantly in recent years reflecting the steady momentum in economic relations between the two countries. Bilateral trade excluding oil and petroleum products during 2006-07 totalled $ 2295 million registering a growth of 430 percent from a level of $ 433 million during 2000-02. India exported goods worth $ 1450 million in 2006-07. India’s imports from Iran were of the order of $ 845 million during this period.

The principal items of India’s exports to Iran are manufactures of metal, iron and steel, machinery and instruments, drugs, pharmaceuticals and fine chemicals, transport equipment, manmade yarn, fabrics and madeups, rubber products, processed minerals, in organic and organic chemicals, tea, basmati rice among others. Significantly, exports of transport equipments registered an increase of 130 percent during 2006-07 added Mr. Kalantri.

AIAI also signed MOU with the Zanjan Chamber of Commerce, Islamic Republic of Iran to promote bilateral trade between the two countries.

Mr. Ali Mohammadi, Consul General of the Islamic Republic of Iran and Dr. Khosro Payandani, Commercial Attache, Embassy of the Islamic Republic of Iran were also present and spoke on the occasion.

India is in urgent need of fiscal stimulus in order to arrest the current economic slowdown and sustain the growth momentum. While there has been good measure of intervention from the Reserve Bank of India to improve liquidity, the government has so far offered little to ease the economic crisis. Indian economy is not delinked from the world economy and the malady seems to spread from the financial sector to the mainstream economy.

These sentiments were unanimously articulated by a panel of experts at a discussion meet on “Global Financial Crisis and the Way Forward” organized by the World Trade Centre and All India Association of Industries in Mumbai.

Speaking on this occasion, Mr. Pradip Shah, Chairman of Ind Asia Fund Advisers Private Ltd., called for urgent measures to cut consumption taxes such as custom, sales tax, excise, vat etc. Mr. Shah suggested a reduction of 20-25 per cent in excise duty and proposed reduction in VAT. India need no longer worry about inflation or budgetary deficit and must prepare for strong fiscal measures, he said. Further, there is a strong case for liberalizing the FDI regime by allowing more foreign investment and portfolio investments to improve foreign exchange reserves and energies the capital markets. The government needs to review the sectoral caps in the FDI policy, Mr. Shah opined.

According to Mr. S. S. Bhandare, Former Economic Advisor to Tata Group, the country is witnessing large scale flight of capital alongwith erosion in the external value of the rupee, the foreign exchange reserves will be severely hampered. Mr. Bhandare expressed that nearly 30-35 billion dollar worth of foreign exchange reserves may be wiped out in the coming months and so there is an urgent need to strengthen the FOREX reserves.

The other important issue is how to sustain export growth. Global trade has significantly contracted. Particularly the SME sector will be under severe strain as the flow of funds from the banking system becomes weaker. Also, support from the large companies will be affected. Prominent sectors such as diamond,, garment must be supported with fiscal incentives since they drive exports, he said. The interest rate should be brought down by 2-3% as this would support large number of borrowers. On a positive note, investment intentions have increased in the country in recent times and Mr. Bhandare suggested fiscal support for select projects on priority basis. The Delhi Mumbai Industrial Corridor was one good example, he said. Similarly, many major power projects may be implemented with public private funding. However, it is imperative to improve the flow of funds to ensure speedy implementation of projects. Mr. Bhandare also said that the unemployment arising out of the global crisis would create lot of discontentment in the country. To circumvent such a situation, Government Employment Guarantee schemes should be strengthened coupled with vocational training programmes.

Deliberating on the global crisis, Mr. Minoo Shroff, eminent economist, noted that it is not just an American isolated phenomenon but also close to us. All major world currencies had weakened, except Japanese Yen. The redeeming factor is that oil and commodity prices were softening . In the US, the housing and automobile sectors have been severely affected. Mr. Shroff expected the US economy to bounce back sooner since there is enough vibrancy in the economy.

India and China are not decoupled but are on a firm footing. China has announced a fiscal package of $587 billion while India will spend as much as $500 billion in infrastructure development till 2012. Thus, both these major Asian economies are well on their way to economic consolidation. However, this is the time for speedy action. India can soon look up to 9-10 per cent growth, Mr. Shroff opined.

Mr. V. R. Bhansali, Managing Director and Chairman, Enam Financial Consultants Pvt Ltd said India is in a better position than many other nations and there is no need to panic. The real economy will take some time to stabilize, possibly six to nine months and the present quarter will be harsh for the corporate sector. Though there is a positive signal. Cement and Steel prices are likely to come down and there is enough liquidity in the system.

In 1991 with the IMF blueprint, India managed the economic crisis. Our country must formulate our own economic blueprint to tide over the present crisis and with proper strategies, India can do that.

Mr. Vijay Kalantri, President of All India Association of Industries and Vice Chairman of World Trade Centre Mumbai, called for major fiscal stimulus to strengthen the infrastructure sector. According to him, the real concern is to ensure timely implementation of projects and adequate flow of funds to meet the requirements. Mr. Kalantri suggested increased Plan outlay for infrastructure projects and stated that at least rupees 200000 crore worth of investment should be mobilized for infrastructure development in the country in the next few years.

The small scale sector will be hit hard and Mr. Kalantri expressed disappointment that the Government had not announced any support yet for this sector. According to Mr. Kalantri economic growth may slide to 6 per cent this year.

Mr. Y. R. Warerkar, Executive Director of World Trade Centre delivered the vote of thanks. Mr. Warerkar expressed hope that India’s strong financial and regulatory framework coupled with adequate policy measures will provide the necessary safeguard to insulate the Indian economy from any future onslaught. Mr. Warerkar reminded that in these critical times, the question is not either the nation or the world. It is rather, how to serve the world by service to our nation, and how to serve the nation by service to the world.

“There are greater opportunities for trade co-operation between State of Maharshtra and the State of Wielkopolska Region of Poland. The synergies could be worked out for promotion of specific sector with you region,” said H.E. Mr. S.C. Jamir, Hon’ble Governor of Maharashtra at a meeting organized by the All India Association of Industries (AIAI) in honour of the high level delegation from the Wielkopolska Region of Poland led by H.E. Mr. Marek Wozniak, Marshall of the Wielkopolska Region of Poland.

Mr. Ashok Chavan, Minister Industry (Cultural Affairs, Protocol and Mining) said that Maharashtra is very strong in agro and food processing sector. Maharashtra grows grapes, Smangoes, pomegranates and more than 70% is produced in Maharashtra. Wielkopolska region has good technologies in food processing whereas Maharashtra could consider developing Agro-Food Park in collaboration with your State. Maharashtra State will be happy to sign an Agreement for co-operation with your State for promoting bilateral trade and collaborate in certain areas such as agro, food processing, auto, IT and education.

Mr. T.C. Venkat Subramaniam, Chairman & Managing Director, Export Import Bank of India said that the EXIM Bank promotes Indian investment abroad and can look forward to Wielkopolska region of Poland. EXIM Bank of India would support Indians interested in investments in Wielkopolska region of Poland . EXIM Bank has an MoU with PAIZ for promoting investment in Poland and from Poland to India.

H.E. Mr. Marek Wozniak, Marshall of the Wielkopolska Region of Poland said that the accompanying high level trade delegation represented various sectors such as food processing, cold storage, auto etc and were seriously looking at business collaboration and investment in State of Maharashtra and India.

His Excellency further added that we see India has an emerging market today and the existing trade is of no such significance which could grow as in view of long ties between India and Poland. They are proposing to open an office in Mumbai so that the tremendous opportunities could be converted into the long standing business ties.

Mr. Rajiv Jalota, Chief Executive Officer, Maharashtra Industrial Development Corporation presented the Industrial scenario in Maharashtra particularly IT, Biotech, automobile, pharma and food parks and SEZs. Mr. Nana Patil, Principal Secretary, Agriculture presented the Maharashtra Agro sector offering various opportunities for joint ventures and investment in the food parks.

Mr. Vijay Kalantri, President, Indo-Polish Chamber of Commerce & Industry (IPCCI) said that since the formation of IPCCI in the last 5 years, trade has tripled between India and Poland.

Mr. Kalantri further added that Poland and India have signed a co-operation agreement aimed at boosting trade and investment between the two countries. Trade between India and Poland is witnessing an encouraging trend in recent years. Total Bilateral trade was worth $ 539 million in the first eight months (January – August) of 2007 with a balance of trade in favour of India. Polish exports to India were a meagre $ 98 million in the eight months of 2007 declining by 26%. Encouragingly India’s exports to Poland during this period has increased by 42 percent to a level of $ 441 million. During the year 2006, India’s total exports to Poland totaled $ 473 million.

However, investment from Poland into India remained modest. The total foreign direct investment inflows into India during the eight year period from April 2000 to March 2008 was a meager $ 1.84 million. India looks forward to more investments from Poland in diverse sectors.

The MSME Sector constitutes an important segment of our national economy and has shown continued dynamism in terms of growth, the number of enterprises, their production, employment generation and their contribution to the country’s manufacturing output and exports is immense said Mr. Dinesh Rai, Secretary, Ministry of Micro, Small & Medium Enterprises, Government of India while address an Interactive Meeting organized by the All India Association of Industries (AIAI) and World Trade Centre.

MSME sector provides employment to over 42 million people and contributes to about 45% of the total manufactured output and nearly 40% to India’s exports, Further, the sector has been consistently registering higher growth rates than the overall manufacturing sector, thus demonstrating the high degree of resilience adaptability stated Mr. Rai. In view of sector’s significant contribution in promoting balanced and equitable growth all over the country, several initiatives have been taken for the promotion and development of the sector, he added.

Mr. Rai, further stated that the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, which has come into force with effect from 2nd October 2006, has broadened the definition as well as coverage of the micro and small enterprises sector. The broadened coverage of the sector now also includes the service enterprises that are making significant contribution to the growth of the national economy and exports. The Act has also defined for the first time the medium enterprises.

Mr. Rai, however agreed that an area, that needs special mention is access to affordable and timely credit by the MSME sector. Availability of adequate credit is paramount to the success of the MSMEs. Keeping this imperative need, the Government had announced a ‘Policy Package for Stepping up Credit to Small and Medium Enterprises (SMEs), with the objective of doubling the flow of credit to this sector within a period of five years. Further, the Ministry is also implementing two major credit-related schemes, namely, Credit Linked Capital Subsidy Scheme and Credit Guarantee Scheme to assist the sector in meeting its financial requirements.

Mr. Rai, further said that, I am happy to inform that more than 1.14 lakh proposals have been approved under the Credit Guarantee Scheme. In the Union Budget 2008-09, the Government has also announced setting up of a Risk Capital Fund of Rs. 2,000 crore with Small Industries Development Bank of India to facilitate flow of enhanced equity support and venture capital to MSMEs. Further, a proposal to set up a trading exchange exclusively for MSMEs is also under active consideration of Securities and Exchange Board of India and I would urge MSMEs to take full advantage of these initiatives.

National Manufacturing Competitiveness Programme (NMCP), the nodal programme of the Government of India to develop global competitiveness among Indian MSMEs. Being implemented by our Ministry , the Programme envisages investment of nearly Rs. 1000 crore during the 11th Plan period by the Government towards enhancing the entire value chain of the MSME sector said Mr. Rai.

Mr. Rai added that Mini Tool Room Scheme which will invite competitive bidding from entrepreneurs and Associations to set up Tool Rooms with Government support upto Rs. 9 crore.

Mrs. Malini V. Shankar, Development Commissioner, Government of Maharashtra said that the State Government has DICs who work only for small scale sector and its growth. The State Government is emphasizing on thrust areas to support and minimize formalities to reduce transaction cost for the SME sector. The State Government has one time settlement policy and felt that the Government needs to formulate an Exit Policy and streamline labour laws. Mrs. Shankar added that although there are various schemes for SMEs there is scarcity of land hence the 20% land which is locked up by sick units in Mumbai-Pune region could be utilized for new industries if the matter could be resolved.

Mr. Vijay G. Kalantri, President, All India Association of Industries in his welcome address said that various issues confronting the growth of small scale industry which has performed better than other sectors is under the grip of multiplicity of permissions, rules and regulations, paucity of funds and inspectors  coming in way of marketing and productivity,   lack of  infrastructural  facilities are some of the  impediments hampering the growth of small scale sector in India .

Mr. Kalantri further added that the small scale sector is not represented on any fora which needs to be looked into in view of its role towards employment generation and exports. World over the small scale sector gets preferential treatment but in India there is lack of support from the Bankers as well as Government.

He stressed on the need to look into policy decision to ensure adequate finance to the SMEs. The Banks needs to have experts from Industries to review and analyze sickness in the small scale sector and to rehabilitate the sick industries in its initial stage. The delayed payment Act needs to be enforced strictly and Rs. 10,000 crore Equity fund announced specially for the SMEs has not seen the light of the day.

Mrs. Rupa Naik, Executive Director, All India Association of Industries (AIAI) proposed the vote of thanks.

The Trade mission couldn’t have come to a better place and at a more appropriate time than to Maharashtra and at this point of time. Like Lower Silesia region of Poland, Maharashtra attracts maximum foreign investment in the country and has been the most favoured investment destination for investors,” said H.E. Mr. S.C. Jamir, Hon’ble Governor of Maharashtra at a reception organized for the visiting trade mission from Lower Silesia Region of Poland by Indo Polish Chamber of Commerce & Industry and the Consulate General of the Republic of Poland.

Dwelling upon the strengths of Maharashtra, H.E. Mr. Jamir stated that it had one of the most stable Government and matured political leadership with investor friendly policies, good infrastructure and strong productive human resource base, making Maharashtra a favoured destination for manufacturing, exports and distribution and service sectors with an average growth of 7.1% in the last decade. His Excellency stated that Maharashtra has attracted highest FDI in the country and has received more than 4000 Foreign Direct Investment proposals involving estimated investment of Rs. 74, 000/- crores (approximately US$ 18 bn.) during the period 1991 – 2007. The FDI projects approved are mainly in the field of services (21%), Information Technology (19%), Automobiles (9%), Engineering and Power & Fuel 5% each.

In one of the biggest foreign investments in recent years, Boeing is setting up its maintenance, repair and overhaul(MRO) base in Nagpur at a cost of $100 million with further plan to invest additional $ 75 million for pilot training in India, because of which Nagpur would be witnessing maximum progress during the next ten years, said H.E. Mr. Jamir.

As Chancellor of Universities in Maharashtra, H.E. Mr. Jamir said, that Maharashtra was open for collaboration with the University of Agriculture and Technology from Lower Silesia Region which was also the part of the delegation.

Flagging some of the strengths of the areas of co-operation, H.E. Mr. Jamir said that Automobile, Information Technology, Bio-tech, Housing and Tourism were some areas in which partnership in Maharashtra would prove rewarding for the Lower Silesia Region. His Excellency further stated that the delegation’s visit facilitated in leading a way forward to forging new linkages with trade and businesses between our countries.

H.E. Mr. Marek Lapinski, Marshall of the Lower Silesia region of Poland and the leader of the 30 member high level delegation said that the delegation comprised of Government officials, Dean of Universities and business people and was keen to attract foreign investment into Poland. The representatives of the Polish companies on the delegation were interested in co-operation with Indian partners in areas of mining, construction technology, textiles and IT. While representatives of Industries and technology parks were interested in co-operation with Indian companies wanting to set up their base in Poland, the University of Technology and Agriculture was interested in areas of research and exchange of faculty and research scientists.

H.E. Mr. Lapinski further added that Lower Silesia Region of Poland was one of the fastest growing regions of Poland.

Mrs. Rupa Naik, Executive Director of Indo Polish Chamber of Commerce & Industry (IPCCI) in her welcome address emphasized on the role of the Chamber in facilitating co-operation between India and Poland in the areas of trade, commerce and culture.

Mr. Janusz Bylinski, Consul General of the Republic of Poland in Mumbai highlighted the importance of the Lower Silesia Region as one of the fastest growing region in terms of Industry and economy. Mr. Bylinski also said that the delegation had fruitful interaction with the Indian counterparts in Mumbai.

POSCO, the world’s second largest steel manufacturing company and Daewoo Logistics Corporation, the two South Korea based giant MNCs and Balaji Infra Projects Limited, an Indian Company, inter alia, developing port infrastructure, are forming a Joint Venture Company to set up a Steel Distribution Centre within Dighi Port in Maharashtra.

The JV Company is setting up a Steel Distribution Centre, which will import steel plates from various steel manufacturing sources of POSCO located abroad and will process the same for utilization by various industries located in India. This will be the first Steel Distribution Centre of its kind within the port, which will facilitate the safe and careful handling of such precious materials so as to have effective utilization. The Company has guaranteed a minimum traffic of 1.65 million metric tonne per year. The Centre will be located on an approximate area of 9 acres within the Port. The contribution ratio of the capital in the JV Company will be POSCO-IPPC 51%, DLC 29% and BIPL 20%.

The Joint Venture Agreement is signed by Mr. Gil Ho Bang, Managing Director of POSCO, Mr. Vijay Kalantri, Chairman & Managing Director of Balaji Infra Projects Ltd., and Mr. Bong Seok Suh, Managing Director of Daewoo Logistics Corporation.

The JV Company is aimed to increase consumption of steel in the Indian market and in line with the goal of the National steel policy to enhance annual per capita steel consumption. It will further give the necessary thrust and impetus to the development of Dighi Port which will enhance its present capacity as well as the infrastructure of that region, which will add economic growth of the State of Maharashtra.

Posco shall invest Rs. 36 crores in Steel distribution centre to be set up at Dighi Port. To facilitate this Infrastructure development the total investment shall be approx. 250 crores. Further they are looking at expanding their bone once this unit is utilized.

Revenue receipt is the main source of income for the Government. Indirect taxes constitute a major chunk of total Govt. revenue. In 2007-08, the contribution of indirect taxes was 47.5% of total gross tax revenue and 35% of total revenue receipts (gross tax plus no tax) of Central Government with a cost of collection of only 0.57%. CBRC responsible for collection of indirect taxes continues to be one of the major contributors to national exchequer. Total indirect tax collection was Rs. 2,80,738 crore in 2007-2008 which is 16.5% higher than that tax collected in 2006-07. Separately, the realization for customs, central excise and service tax was Rs. 104091 crore, Rs. 125514 crore and Rs. 51113 crore respectively. The target for 2007-08 was Rs. 2,78,013 crore. The share of indirect taxes in total tax revenue has steadily declined from 58% in 2004-05 to 46% in 2007-08. The share of indirect taxes has increased from 5.6% to 6% during the corresponding period. (Service tax share is only 1.1% even as share in GDP is 56% said Mr. P.C. Jha , Chairman, Central Board of Excise & Customs while addressing the Members of All India Association of Industries (AIAI). (WTC).

Mr. Jha further said the cost of collection of indirect taxes has steadily come down from 0.82% in 2003-04 to 0.6% in 2006-07 and 0.57% (provisional) in 2007-08. The Average expenditure on pay and allowances per employee has increased only by 11% from Rs. 1.60 lakh in 2004-05 to Rs. 1.79 lakh in 2006-07 but the average collection of revenue per employee has increased by 38% from Rs. 3.0 crore in 2004-05 to Rs. 4.14 crore in 2006-07. Total personnel strength is about 70,000.

Mr. Jha further added that the CBEC as a revenue administration has to deal with two major challenges. On the one hand, it is entrusted with the responsibility of collecting revenue as per law and on the other hand, it is also required to provide a hassle-free and painless system to ensure that taxpayers do not face any difficulty in complying with the tax laws. In both these respects, sincere efforts are needed to be made to fulfill the expectations. The total number of registered Central Excise assesses are approximately 93000. The total number of Service Tax Assesses are 5.5 Lakhs and total number of active importer/exporter having IEC number are about 1.15 lakhs. The number of register dealer is approximately 60,000.

Mr. Jha further mentioned that the Department mainly emphasizes to clear ambiguity and problems of tax payers specially in Western part of India, as they contribute over 30% by way of Indirect tax and 40% as Service Tax from Mumbai.

We have started Large Tax Payers Unit (LTU) in Mumbai after its success in Bangalore and we would like to make it successful, as we are expecting 250 Assesses to join but only 17 Assesses have come forward. Hope more and more shall avail the facility of Large Tax Payers Unit (LTU).

Mr. Vijay G. Kalantri, President, All India Association of Industry in his welcome address said that there need to be more transparency, clarity and right interpretation of the notification, as at times multiplicity of notifications also create confusion.

Mr. Kalantri said that the revenues has been increased in Direct and Indirect Tax and now in Service Tax. As such the Government should bring down tax rates and also trust the Assesses. We all look forward to GST and rationalization of sales Tax and VAT

Mrs. Rupa Naik, Executive Director proposed the vote of thanks.

“Human Resources practices worldwide differ and vary. What is required is training a working atmosphere and salary structure which will enable the organizations to retain their talent”, said Mr. Brian J. Glade, Vice President International Programs, Society for Human Resources Management (SHRM) while addressing the members of the All India Association of Industries.

Mr. Glade said if there is growth then salary as such doesn’t matter but at times when the development of organization or growth is stagnant, then one tends to leave the job and look for other avenues.

Mr. Glade further said growth is related to self upgradation but at times if you are not able to adjust with your Seniors and the senior restricts growth/skill improvement then also one still tends to change the job. However it is very important to train and improve talent/skills for right placement. Mr. Glade said surprisingly foreigners working in India from any part of the world are very happy and do not want to leave job, as there is conducive atmosphere and have all comforts of life at their disposal.

Mr. Sanjay Jha, Director, Walchand TalentFirst Ltd. said in keeping with the philosophy of talent development and training, his company has forayed into professional education for HR professionals in an exclusive alliance with US based Society for Human Resource Management (SHRM).

Walchand TalentFirst Ltd. has just launched its first Walchand Dale Carnegie Finishing School in Bangalore, which offers a unique certificate program in Executive Excellence, targeted at young graduates from any discipline.

Mr. Vijay G. Kalantri, President, All India Association of Industries in his welcome address said that there are tremendous job opportunities yet unemployment is rampant due to the fact that there lack of sufficient skills and talent. Hence the need for institutions to develop skill and talent is necessary so that jobs can be created .

Emphasizing on the need of the hour, Mr. Kalantri further said that by 2012 when we would have more than 60% of our population between 25-35 group, we would need to create and increase the number of job opportunities even more than the Prime Ministers plan of 5 million per year.

Mrs. Rupa Naik, Executive Director proposed the vote of thanks.

“State of Meghalaya has tremendous investment opportunities which lay in its resource endowments. There are a number of potential sectors that have been identified such as Minerals Based Industry, Horticulture & Agro based Industry, Power, Tourism, Health care, education, IT, cement industry”, said H.E. Dr. Donkupar Roy, Hon’ble Chief Minister of Meghalaya while addressing an interactive business meeting organized by the All India Association of Industries (AIAI) and the World Trade Centre.

Dr. Roy further said that the potential for agro-based industries in the state of Meghalaya is phenomenal. Tourism has been considered to be the gateway to economic development of the State. The State is also quite rich in natural resources like coal, uranium and is the only state with surplus power generation. There are extensive deposits of coal, limestone, granite, clay and other minerals. The quality of limestone found here varies from cement grade to chemical grade having three brands as well and can be of use in steel, fertiliser and chemical industries. Given the enabling environment free from militancy and terrorism, the Government of Meghalaya has undertaken several policy measures and incentives in order to encourage inflow of investment into the various sectors of its economy. The Government is considering setting up of IT education and other service industries taking into account the population of the educated people in Meghalaya, said Dr. Roy.

Mr. Vijay G. Kalantri, President, All India Association of Industries said that the members would be interested in investing in sectors such as cement, tourism and agro based industries in Meghalaya. In order to facilitate such investments, AIAI would encourage its members to visit Meghalaya as a business delegation to consider such investment opportunities.

Mr. Timothy D. Shira, Dy. Chief Minister, Mr. Ranjan Chatterjee, Chief Secretary, Government of Meghalaya, Mr. Manas Chaudhari, Minister for Higher & Technical Education, Information & Public Relations and Mr. Ajay Bhalla, Commissioner & Secretary, Industries Department Government of Meghalaya were also present and spoke on this occasion.

Mr. Y. R. Warerkar, Executive Director, World Trade Centre, Mumbai proposed the vote of thanks.

Mr. Daniel Zonshine, Consul General of Israel, at a farewell said that during his tenure in Mumbai he was greatly involved in promoting bilateral trade as there exist a great potential in areas which include agriculture, water management, telecommunications, information technology, environmental technologies, homeland security technologies, biotech and medical equipment as they have been identified as key areas for collaboration. The farewell was organized by the All India Association of Industries (AIAI).

Mr. Zonshine further said Indo-Israel trade is expected to record a significant growth in the coming years. Against a 2005 bilateral trade of US$ 2.4 billion, the target for 2008 has been set at US$ 5 billion, and there shall be further impetus to Trade and Investment between two countries.

Mr. Zonshine further added that the India’s export to Israel was US$ 1.3 bn. In 2006-07, which was 1.5% of total India’s exports for that year. Imports from Israel were to the tune of US$. 1.1 bn for the same year, which was a mere 0.58% of India’s total imports. It has recorded 25% growth in total trade between the two countries while comparing to the trade for the year 2005-06.

Israel had developed a niche for homeland security technology and shared it with many countries. Security software was a specialty in Israel he added.

Mr. Zonshine further said, as water management was critical in Israel, it had developed desalination processes, which were now being used elsewhere. At least 16 desalination plants had been set up in India using the Israeli reverse osmosis technology and there are many more opportunities.

The meeting was well attended by Consular Corps, Industrialists and Government officials and other well known personalities

Poland has a strong economy, In 2007 the GDP was 6.5 percent. It is more than twice as much more than the average GDP increase of 27 EU countries. The value of Director Foreign Investments in 2006 exceeded 15 billion EURO, which is the best among the new member states of the European Union, whereas Polish export achieved almost twenty percent increase said Ms. Anna Kalata, Former Minister of Labour and Social Policy and President of Institute of Management & Entrepreneurship of Poland while addressing the meeting organized by the Indo Polish Chamber of Commerce & Industry (IPCCI), All India Association of Industries (AIAI) and World Trade Centre (WTC) Mumbai.

Ms. Kalata, further said Poland has a strategic location, it lies in the center of Europe between Western Europe, full of rich consumers and dynamic markets of the Eastern Europe. Investments in Poland give access to 350 million people in the West and 250 million people in the East. The location in the center of Europe makes it significantly easier to maintain logistic processes connected with the exchange of goods.

Poland has 38 million sales market . The Poles are one third of the inhabitants of the new states of the European Union. “Many great concerns appreciate our market and are present in our country added Ms. Kalata”.

She further added that it is advantageous to work in Poland as Poland is the country of educated and entrepreneurial people. We have about 500 Universities in which about 2 million students study. Poland is a country where the present investors or investors entering Polish market can count on direct support. There are tax encouragements passed by the board of counties, there is a possibility to use various forms of help in Special Economic Zones. Companies can count on structural funds. In the year 2007-2015 our country shall get in total over 67 billion of EUR from the budget of the European Union to increase the competitiveness of the Polish economy she added.

Mr. Vijay G. Kalantri, President - Indo Polish Chamber of Commerce & Industry (IPCCI), President - All India Association of Industries (AIAI) said Poland and India have signed a co-operation agreement aimed at boosting trade and investment between the two countries. Trade between India and Poland is witnessing an encouraging trend in recent years. Total Bilateral trade was worth $ 539 million in the first eight months (January – August) of 2007 with a balance of trade in favour of India. Trade with India currently accounts for a meagre 0.30 per cent of Poland’s foreign trade and both countries must initiate measures to improve this level. Total trade with Poland during this period was up 22 percent over the corresponding period of 2006. During the previous year 2006 total trade turnover was to the tune of $ 676 million reflecting a growth of 19 percent.

Polish exports to India were a meagre $ 98 million in the eight months of 2007 declining by 26%. Encouragingly India’s exports to Poland during this period has increased by 42 percent to a level of $ 441 million. During the year 2006, India’s total exports to Poland totaled $ 473 million.

However, investment from Poland into India remained modest. The total foreign direct investment inflows into India during the eight year period from April 2000 to March 2008 was a meager $ 1.84 million. India looks forward to more investments from Poland in diverse sectors.

India Initiative 2005, a trade exhibition in Poland was hosted in Warsaw, in June 2005 under the initiative of Indo Polish Chamber of Commerce & Industry, Mumbai. The resounding success of this event attest the depth and diversity of Indo-polish relations and the intensity of co-operation between both the countries.

Mr. Janusz Bylinski, Consul General of Republic of Poland was also present on this occasion. The meeting was very well attended by Industrialists and Government officials and people from all walks of life.

Mr. Y.R. Warerkar, Director, World Trade Centre, Mumbai proposed the vote of thanks.

“To create more visibility and awareness between Maharashtra and Wielkipolska region of Poland Wielkipolska would be keen in organizing exhibitions and putting up permanent display centre in Mumbai,” said H.E. Mr. Lesek Wojtasiak, Dy. Governor of Wielkopolska Voievodship, NW of Poland while addressing the All India Association (AIAI) of Industries (AIAI), Indo-Polish Chamber of Commerce & Industry (IPCCI) and World Trade Centre (WTC) Mumbai.

Trade fairs give great opportunities to showcase products and that is why we were in India to partner with organizations like the All India Association (AIAI) of Industries (AIAI), Indo-Polish Chamber of Commerce & Industry (IPCCI) and World Trade Centre (WTC) for joint trade exhibition in India and Poland.

Mr. Lesek Wojtasiak, said that to disseminate business related information, to bridge the present communication gap on information pertaining to Maharashtra and Wielkipolska.

H.E. Mr. Wojtasiak further said though trade between India and Poland has grown by three fold in last 5 years, much more could be achieved specially in sectors like textiles, biotech, pharma, IT, food processing, heavy engineering etc.

Ms. Rupa Naik, Executive Director, All India Association (AIAI) of Industries and Indo Polish Chamber of Commerce said that AIAI and IPCCI has organized trade delegations and exhibition in Poland and vis a vis in India and shall continue doing so for the promotion of trade between both the countries.

Ms. Naik further said AIAI and IPCCI are assisting various companies from India in promoting trade with Poland and from Poland to India and many of Indian companies have also established their offices and manufacturing activities in Poland.

Mr. Janusz Bylinski, Consulate General of Republic of Poland and Mr. Wlodek Czausow, Consul, Economic Affairs were also present on this occasion.

Russia and India trade turnover increased 40% last year and is expected to cross US$ 5 bn. these dynamics allow us to think positively about meeting the goals declared by our leadership to increase the volume of bilateral trade to 10 billion US$ by 2010 in areas which are commercially lucrative for co-operation. They include power generation, upstream and downstream oil and gas, mining and metallurgy, transport, infrastructure, information technology and electronics, civil aviation, biotechnology, automobile industry, space exploration, applied science, said H.E. Mr. Viacheslav Trubnikov, Ambassador of the Russian Federation at a meeting organized in his honour by the All India Association of Industries in association with the World Trade Centre, Mumbai,

Ms.Mr. Trubnikov said that it is obvious that the vast potential of bilateral economic co-operation is not yet entirely tapped, despite the fact that Russia and India, being two of the largest and fastest growing economies in the world, do have mutual complementarities and ample opportunities for greater collaboration. The Governments of both countries are doing their utmost to provide favourable conditions for enhancing bilateral co-operation. One of the fundamental obstacles that lie in the way of expanding our economic linkages is lack of information that still influences many spheres of our potentially lucrative collaboration.

TheMr. Trubnikov further added, that last year India- Russia celebrated the 60th anniversary of the diplomatic relations. This year has been declared the Year of Russia in India and in 2009 the Year of India in Russia will be organized. Apart from many cultural functions, the programme of both year-long festivals includes various exhibitions, fairs and conferences related to business and trade. The St. Petersburg Economic Forum that takes place annually in June has been dubbed the “Russian Davos” as well as to the Russian National Exhibition that is planned concurrently with the India International Trade Fair to be held this November at Pragati Maidan will pave the way for strengthening the commercial ties. He hoped that the esteemed members of AIAI would actively participate in these events.

Both countries have to enhance establishing joint export –oriented enterprises particularly in IT and high-technologies, pharmaceutical and food industry, engineering, oil and gas etc. Joint production and possible mutual investments in these industries as well as trade in high-tech manufactured goods are important directions of developing the bilateral economic ties. It is high time we created the most favourable conditions for business-to-business contacts between Russian and Indian entrepreneurs.

Mr. Michael Rapota, Russian Trade Commissioner in India said that visa facilities are being regularized and simplified as Russia is keen in investing under Indian Rupee and Rouble scheme in some of the projects like multi transport system, pharmaceuticals and any other project which could be suggested.

Mr. Vijay G. Kalantri in his welcome address said that the visa regime needs to be simplified specially with regard to pharma sector as there is great potential of increasing business between both the countries particularly in the field of science technology, metallurgy , oil and gas sector.

Also Russia’s insurance sector does not offer products that cover risk for stocks and raw materials. The registration process of generic pharmaceutical products in Russian takes almost two years. Indian exporters have also urged the Russian government to reconsider the ban on bulk of agricultural commodities from India.

Currently the lack of an efficient shipment route push sip freight costs. The north-south corridor, the shortest link between India and Russia through Iran and the Caspian Sea, is a solution for this, which is expected to reduce costs by nearly one third.

Mr. Alexander V. Mantytsky, Consul General of the Russian Federation was also present on this occasion. The meeting was very well attended by esteemed members, Government officials and Consular Corps.

Mr. Y.R. Warerkar, Director, World Trade Centre, Mumbai proposed the vote of thanks.

“Today trade between India and Turkey is US$ 2.7 bn. whereas the total overall trade of Turkey is US$ 800 bn. while India is US$. 400bn. As such there is tremendous opportunity between both the countries to have better trade and we expect trade to cross US$ 10 bn. by 2012,”’ said H.E. Mr. Kursad Tuzmen, Turkish Minister of State for Foreign Trade during his first visit alongwith the business delegation of 170 delegates from various sectors while addressing the All India Association of Industries (AIAI) and the World Trade Centre (WTC) in Mumbai.

Mr. Tuzmen said that India and Turkey share common culture , democracy and stable proactive Government for the promotion of trade. These synergies are good for better relations. He further added that Turkey is no. 1 exporter amongst OCED countries. In response to Mr. Kalantri’s suggestion, he said that they would open a Consulate in Mumbai in 2009 as Mumbai is the financial capital of India. He said that today there are 7 flights/ week operating from Mumbai and Delhi to Turkey which they would enhance to twice the number in view of the growing number of business and tourist vistors.

Mr. Tuzmen further added that we have double taxation treaty and during his meeting with various officials from Indian Government, has requested for Free Trade Agreement (FTA) status to Turkey to promote better trade and investment opportunities between the two countries.

Mr. Vijay Kalantri, President, All India Association of Industries (AIAI) said that the visa regime has to be simplified to promote trade and tourism by setting up a Consulate in Mumbai as well as frequent exchange of trade delegations and for giving impetus to trade between both the countries.

H.E. Mr. Halil Akinci, Ambassador Extraordinary and Plenipotentiary , Turkish Embassy was also present on this occasion. The meeting was very well attended by Industrialists and Government officials and people from all walks of life.

Mr. Y.R. Warerkar, Director, World Trade Centre, Mumbai proposed the vote of thanks.

“India and South Africa enjoys good relations over 100 years since pre- Independence Gandhian days and there are tremendous opportunities for doing business between two friendly countries and trade may exceed US$ 12 bn by 2012” said Mrs. Busi Kuzwayo, Consul General of the Republic of South Africa while addressing a business meeting organized by the All India Association of Industries (AIAI) in association with the World Trade Centre (WTC) Mumbai. Africa .

Mrs. Kuzwayo further said that with a view to increasing South – South Co-operation, we are seriously looking at India as our strategic partner for development since both the countries have lot of skills and have close proximity to each other.

We wish to facilitate smooth movement of persons by efficient visa system, reduction in turn around time in issue of visas to facilitate businessmen and tourists, stressed Mrs. Kuzwayo.

Mr. Vijay Kalantri, President, All India Association of Industries, (AIAI) in his welcome address said that trade between India and South Africa has crossed US$ 5 bn. and there are tremendous opportunities for exports in areas of Engineering, Pharma, IT, Textiles, Rice, Gems and Jewellery and similarly the traditional imports of precious stones, mineral, steel, coal, Pulp manufacturing etc. from South Africa which is rich in mineral resources.

Mr. Kalantri further added that a special cell will be created between AIAI, WTC and South African Consulate to identify the thrust areas to achieve the target of US$ 12 bn by 2012 set by both the countries.

Mr. Kalantri further added that with over a million people of Indian origin in South Africa, one of the largest Indian Diaspora abroad, cultural exchanges and cultural diplomacy assume great importance, not just in terms of interaction with this community, but with South Africans across the whole spectrum of population.,

Mr. Zamo Gwala, the leader of the delegation and Chief Executive Officer, Trade & Investment Kwazulu Natal, South Africa said that 40 member trade delegation and the presence of our Minister clearly indicates how keen we are on doing business with India. We believe in business interaction for fruitful development of common business interest and create proper synergies for promoting trade.

He further said there is good number of Indian community in South Africa and trade could be much more than what it is today if we frequently promote trade delegation and trade fairs between India and South Africa, we can do better trade

Capt. Somesh Batra, Vice President, World Trade Centre, Mumbai proposed the vote of thanks. 

“U.S. is looking at Los Angeles which is known for Bollywood as the 17th largest economy with $400 billion of trade having 18000 manufacturing companies offering tremendous business opportunity to India,” said Mr. Vance Baugham, President, World Trade Center Association, Los Angeles and also the leader of the high level delegation from Los Angeles County Economic Development Corporation while addressing the All India Association of Industries and World Trade Centre, Mumbai. He further said that they offer various innovative technologies in the field of Bio-tech, Bio-medical and Engineering and are looking for technical co-operation with India. 

Mr. William C. Allen, President & Chief Executive Officer, Los Angeles County Economic Development Corporation said that the air traffic between India and Los Angeles has gone up by 30% more and more companies are looking for investment in Los Angeles, USA. There are more Indian students in southern California city than US origin so Indian should have meaningful collaboration with out state. 

Mr. Vijay Kalantri, President, All India Association of Industies said that U.S. is India’s biggest trading partner and we cannot ignore any opportunity given by US. He further said that Maharashtra is premier industrial state specially in the field of bio-tech, bio-fuel, knowledge economy and there are tremendous opportunities for co-operation between India and U.S., especially Maharashtra, for promoting bilateral trade.

Memorandum of Understanding was signed between All India Association of Industries and World Trade Centre Association, Los Angeles for promoting bilateral trade,technology transfers, joint ventures and collaborations.

Mr. Warerkar proposed the vote of thanks.

“The Islamic Republic of Iran possesses 48% of natural gas resources of the Middle East or 36% of OPEC which is equivalent to 18% of global world gas resources and is the second largest of world’s natural gas resources after Russia. Having the second largest oil fields (off shore and onshore} of OPEC and with production of 4.3 million barrel per day and export of 2.5 million barrel per day, Iran is the second largest exporter of oil after Saudi Arabia”, said H.E. Mr. Mohsen Talaei, Dy. Foreign Minister for Economic Affairs while addressing a business conference organized by All India Association of Industries and the Consulate General of Islamic Republic of Iran.

He further said that “Iran’s GDP is roughly 240 billion USD and GDP growth is approximately 6.4%. Foreign debt of Iran is 23 billion USD less than 10% of GDP. Last year Iran exports were to the tune of 75 billion USD out of which 62 billion USD is oil exports and 13 billion USD is non oil export. Non oil export increased 24% within last year due to new policies for encouraging and facilitating export. Out of 13 billion USD non oil export, 2 billion USD is engineering and contractors services which is a new area and was initiated 4 years ago. Iran import worth 49 billion USD last year out of which 70% were machinery and intermediate materials for industry.

Mr. Talaei said that another important aspect of Iran’s economic environment is its recent development on privatization rules and regulations for fostering foreign investment.

Mr. Talaei said that India is a powerful country and needs to resolve the 15 year old pending issue of the gas pipeline in near future. He also stressed that peaceful use of nuclear energy is considered as an indisputable natural right of the Islamic Republic of Iran.

During a meeting Mr. Ashok Chavan, Minister of Industry, Govt. of Maharashtra said that the state government would like to promote food technoparks in collaboration with Iran to give a fillip to the food processing industry in Maharashtra.

H.E. Mr. Ghazanfari, Dy. Minister of Commerce and President of TPO said that the bilateral trade relations between India and Iran have had a remarkable growth development. In 2007 the volume of bilateral trade stood at more than US$ 9.3 billion of which US$ 7.8 billion was Iran’s export to India and US$ 1.5 billion were India’s export to Iran. Although the trade cooperation has increased, the capacities of mutual cooperation are far more than the existing levels and the two countries should employ all their facilities and possibilities to promote mutual cooperation.

Union Budget 2008-09 presented by the Union Finance Minister Mr. P. Chidambaram, lacks the much required growth orientation measures considering the global slow down and also now felt in India. One of the prime areas that could have been focused upon was promoting entrepreneurship and SMEs, this has been lost in this budget, inspite of the Finance Ministers statement that small scale sector is a vibrant sector, having excellent growth potential and employment generation. This fact has been recognized by all the developing countries particularly those in Asia.

AIAI feels that the Finance Minister should have allocated sufficient funds and enhanced the incentives for the SMEs, particularly towards technological developments and upgradation. However, except reducing transaction fee of Credit Guarantee fund scheme from 1.5% to 1% nothing else has been done for this sector).

AIAI welcomes incentives given to the auto, cement, steel, engineering including ancillaries by reducing excise duty, which will give boost to this sector. But the much needed impetus for the growth of Infrastructure has been neglected specially in the context of Ports, Power and Airports sector considering the significance of this sector

AIAI further feels that various incentives to agriculture, rural development, health-care and housing are steps in the right direction, nonetheless it should not remain only on paper but has to be implemented with greater transparency and accountability for real upliftment of the society living below poverty level.

AIAI further feels that various incentives to agriculture, rural development, health-care and housing are steps in the right direction, nonetheless it should not remain only on paper but has to be implemented with greater transparency and accountability for real upliftment of the society living below poverty level. life.

The Railway Budget presented by Honourable Shri Lalu Prasad Yadav, Minister of Railways in the Parliament focuses on increase in Railway freight corridor, giving impetus to containerization, better and smoother movement of traffic and increasing trains is a step in right direction, said Mr. Vijay Kalantri, President, All India Association of Industries (AIAI).

AIAI feels however, reduction in freight on diesel, petrol, and rationalization of freight structure will help Industries.

Various measures taken to modernize railways by introducing Smart Card, Electronic devices and increasing and manufacturing of wagons and creating infrastructure will go a long way in making railway commuter friendly.

The making of steel wagon and starting of various new railway lines and extension of freight corridor shall benefit all sections of society and industry.

It is my privilege and its a great opportunity to participate in the inaugural function of this Conference said Dr. R. Chidambaram, Principal Scientific Adviser to the Government of India and DAE Homi Bhabha Professor while addressing the Innovative Technologies for Manufacturing 2008 (ITM) Expo organized by the All India Association of Industries and World Trade Centre, Mumbai.

Dr. Chidambaram said Innovation is the buzzword today. The principal theme of the World Economic Forum Annual meeting 2008 last month in Davos was “The Power of Collaborative Innovation.” Two of the Sessions I participated in were IT: Innovation Hotspots” and “Innovative India”. India’s potential is now globally recognized but we have a long way to go before we become a Global Innovation Leader. What are the strategies for achieving this goal? That is what I would like to discuss in my address”, said Dr. Chidambaram.

Dr. Chidambaram further said for many years that the two measures of development for a country like India are per capita Electricity consumption and Female Literacy and that these are better measures than the three parameters –per capita GNP, life expectancy at birth and adult literacy – used by the United Nations to define the Human Development Index. If India wants to become an economically developed country, it should become near 100% literate without gender discrimination and there should be a substantial increase, perhaps by a factor of 8 or so, in its electricity production. Female literacy inter alia strongly correlates with infant mortality and birth rate. And per capita electricity production is not only monotonically related to per capita GNP but also correlates strongly with human health. So these are the first steps we must take.

Dr. Chidambaram said India’s economic growth is rapid in the last few years and it will become a ‘developed country’ sooner or later. Of course, a ‘developed country” status is not a single-point destination. Even already-developed countries want to develop further The development level in any field depends on the level of technology in use in that field. This level varies for different field in India; so we have to keep pace with the developed countries in some (e.g. Nuclear and Space), catch up in some (e.g. small and medium enterprises) and leapfrog in a few (e.g. rural development.

Dr. Chidambaram further said Innovation is generally seen as the means to turn research results into commercial successful products and as capturing economic value from an invention. While not all innovations are research- based, in todays’ world, Technology is the critical dimension of the innovation capacity of a country. Innovations can be radical like the discovery of the transistor or the building of the first nuclear power plant. They can also be incremental improvement, based on core innovations, or may be new applications of old inventions. Most of the patents world-wide belong to the second category and some futurologists believe that this trend will get stronger. Breakthrough inventions are not only rare but are very expensive to introduce into the market.

One dictionary definition nowadays of Invention is : “something new which can be patented”. To be an important player in the strong and well-entrenched global Intellectual Property Rights (IPR) system – with its expensive patenting and patent dispute culture – is difficult but essential for India.

Dr. Chidambaram stressed that the modern American futurologist Alvin Toffler has said many years back: “Yesterday Violence was Power, Today Wealth is Power and Tomorrow Knowledge will be power”. What is the common thread in all this –Technology! So I paraphrase Toffler to say: “Technology is Power” Technology domination is, therefore, sought both by companies and by countries through the instruments of Intellectual Property Rights (IPR) and Technology Control Regimes (TCR).

‘That is why I have been saying that self-reliance should no longer be interpreted as self -sufficiency but as ‘immunity against technology denial’. In the context of today’s rapid globalization, self –reliance and technological co-operation. In fact, the latter is a must and today’s India must take and must give in equal measure in international co-operation. My Office, alongwith the Knowledge Commission, has recommended a multi -10 Gigabits/sec network of high speed computing and communication system on an open platform and the establishment of this Integrated National Knowledge Network has been approved in principle by the Government. While this is mainly intended to satisfy the needs of the Indian scientific and academic community, it will also be valuable for international scientific collaboration’’ said Dr. Chidambaram

Dr. Ashok Jhunjhunwala, Professor IIT, Chennai while addressing the Innovative Technologies for Manufacturing 2008 (ITM) Expo said that whatever we progress and innovate has to percolate to the Rural India as Rural India contributes to growth of Urban India.

Dr. Jhunjhunwala further said first is the language how you communicate and in view of the global climate change India conserves 1/5th world energy and Rural India conserves 1/50th of world energy. What we need is to uplift the Rural India and let them also reap benefit of Innovation technology and prosperity.

Dr. Jhunjhunwala further said, we have succeeded in field of telecom which has given benefit to all success of society at all levels and similar success should be at manufacturing sector so that everyone can benefit and yield good result.

Mr. T.C. Venkat Subramanian, Chairman & Managing Director, EXIM Bank of India while addressing the Innovative Technologies for Manufacturing 2008 (ITM) Expo said that Studies do show that a large and rising share of growth – and with it living standards – over recent decades is the result of innovation. According to a recent McKinsey Global Survey, executives across the world now firmly believe that innovation is central to a company’s strategy and performance. In fat, some 70% of corporate leaders say innovation is among their top three priorities for driving growth. Innovation can be a critical driver of increased productivity and competitiveness and, ultimately, poverty alleviation. Eventually, innovation is not an end in itself but a means to productivity growth and higher living standards.

Mr. Subramanian further added that Indian manufacturers have focused on delivering low-cost products to previously untapped markets by innovating to lower costs and create new delivery mechanism – as with Tata Motors, which has manufactured a car, geared toward India’s middle class, priced at less than US$ 2,500. Thanks to its innovations in outsourcing, Bharti Tele-Ventures offers some of the world]s lowest telephone prices. And innovations in supply chains have integrated those at the bottom of India’s economic pyramid, as exemplified by e-Choupals, These cyber kiosks, established in thousands of villages, have given farmers the power of information - eliminating middlemen and resulting in higher productivity and better prices for farmers.

He added that a Company’s ability to innovate continuously gives it a competitive edge over firms of all sizes, implying that speed of innovation would be a critical management challenge for businesses over the next few years. Information technology will be crucial I helping their firms maintain this attribute as they grow, They will use technology , for example, to improve product design and lifecycle management and thus reduce cycle time. But IT has the potential to impact on innovation in indirect ways as well, in particular from better information flow with customers, suppliers and partners as well as other enterprise departments.

Mr. Vijay Kalantri, President, All India Association of Industries (AIAI) and Vice President World Trade Centre, Mumbai in his welcome address said The ITM Expo seeks to promote innovative technologies within the Indian Manufacturing sector to enhance productivity, provide quality, conserve energy, be cost effective, ensure industrial safety and be globally competitive.” In view of the India’s growth story we have to innovate and upgrade our technology to be competitive in world and domestic market and produce better quality.

Mr. Y. R. Warerkar, Director, World Trade Centre, Mumbai proposed the vote of thanks.

The Economic Survey tabled by the Union Finance Minister, Mr. P. Chidambaram, in the Parliament indicates the slowed down in economy which could be combated by reintroduction of investment allowance which will give impetus to the growth in manufacturing sector and generate employment said Mr. Vijay Kalantri, President, All India Association of Industries (AIAI).

AIAI feels however, various issues with regard to dearth of skilled labour, climate change, sluggish consumer demand, which is a matter of concern and needs to be tackled on war footing specially with regard to power and manufacturing sector.

However AIAI welcomes setting up of State Electricity Regulatory Commission and increase in working hours from 48hrs to 60 hrs which shall enhance productivity in services sector.

ITM Expo to showcase cutting edge & inventive technologies for the Manufacturing sector from over 11 countries in addition to India. (AIAI).

1st February ,08, Mumbai : With a view to tap the business potential from the emergence of India as a hub of innovation and R&D for global as well as local Indian manufacturing companies, the All India Association of Industries (AIAI) and World Trade Centre, Mumbai have jointly organized India’s first “Innovative Technologies for Manufacturing (ITM) Expo 2008” in Mumbai from February 7-10, 2008.

More than 11 countries and over 300 overseas delegates are taking part in the ITM Expo and shall display innovative manufacturing solutions for sectors like Automation/ Engineering, Auto Components/Auto Accessories, Agro & Food Processing, Pharma/ Biotechnology, Electronics / Electrical Engineering, Energy and Environment, Packaging, Information and Communications etc. To be held at Expo Centre, World Trade Centre, Mumbai ITM Expo will thus provide a unique platform to network with innovators, technology providers, technology institutes, technology parks, business development centers / business parks and firms in related industries from India and abroad.

Mr. Vijay Kalantri, President, AIAI and Vice President, WTC Mumbai, “The ITM Expo seeks to promote innovative technologies within the Indian Manufacturing sector to enhance productivity, provide quality, conserve energy, be cost effective, ensure industrial safety and be globally competitive.” As India’s manufacturing base is the fourth largest amongst emerging economies, global companies are very keen to come to India either by way of joint ventures, alliances or just for striking major deals.

Mr. Subodh Kant Sahai, Hon’ble Minister of State (Independent Charge), Ministry of Food Processing, Government of India, Mr. Vilasrao Deshmukh, Hon’ble Chief Minister , Government of Maharashtra, Mr. S.M. Krishna, Governor of Maharashtra, and Mr. Ashok Chavan, Hon’ble Minister for Industries & Mines, Government of Maharashtra besides others shall participate in the ITM Expo.

Among the countries which are participating are USA, Germany, Canada, France, Sweden, Italy, Israel, Middle East as also Indian companies like Reliance, Maharashtra Industrial Development Council, Maharashtra Energy Development Agency, National Research Development Corporation, Export Import Bank, IL & FS, MSME, Carborandum Universal, among others. Participation is also expected from BARC, CSIR, BHEL, Tata Motors and others.

The foreign exhibitors will show case their technology and expertise in Clean room Technology, water hydraulics, ultrasonic technology, exact measurement technology for automobile and aircraft industry, infrastructure engineering, Power Production, Plant Engineering and Construction, Metal Production and Processing, Transportation and Railway Industries, Automotive Industry and Automotive Supply Industries and Aviation / Aerospace Industry.

The Expo will be a convergence point for Business – to – Business meetings between various participants to explore investment opportunities and locate joint venture partners for technological alliances. ITM Expo shall offer an opportunity to meet and interact with international delegations, technology institutes, R and D Centres and Universities.

Mr. Kalantri, further added that “In a liberalized and open economy, competitiveness increasingly depends on the ability to incorporate new technology and management practices. The ability to acquire, diffuse and master technologies as well as to innovative can be achieved in many ways.”

Concurrent with the Expo, the three day Conference with thematic discussions will be inaugurated by Dr. R. Chidambaram, Principal Scientific Adviser to the Government of India and DAE-Homi Bhabha Professor. Eminent Speakers and Experts from India and abroad will address the conference.

The trade exhibition is expected to attract around 300 foreign visitors from USA, Canada, Europe, New Zealand and Africa and 5000 domestic business visitors.

For further information log onto www.itm.india.com

“Innovation and development of technology is the need of the hour. More and more investment in the areas of technology upgradation, research and development is being made in the manufacturing sector including Agro & Food Industries”, said Mr. Subodh Kant Sahai, Hon’ble Minister of State (Independent Charge), Ministry of Food Processing, Government of India while inaugurating the Innovative Technologies for Manufacturing 2008 (ITM) Expo organized by the All India Association of Industries and World Trade Centre, Mumbai.

AIAI Mr. Sahai said the Ministry of Food Processing is proposing to start special technoparks for food Processing industry which will benefit the farmers. He further added that his is a no tax Ministry and 100% Foreign Direct Investment (FDI) is allowed in this sector. As such more and more efforts should be made for the growth of Agro and Food processing sector. Today only 8-10% of food is being processed in India whereas in overseas 70-80% is being processed. India needs to make more investment in Innovative Technology. He further added that Innovation and Technology not only makes you competitive but also gives you better opportunity for job and quality of life.

Mr. Ashok Chavan, Hon’ble Minister for Industries & Mines said the Maharashtra Government will support the All India Association of Industries to start a technopark in MIDC Industrial area and give all possible help as this will not only give impetus to promoting Innovative Technology but help the growth of the manufacturing sector.

Mr. Chavan, said real wealth is in Innovation and Maharashtra offers best infrastructure and conducive climate for the development of Innovative technologies to Industries. He complimented the effort of AIAI and WTC which is first of its kind to be held in the commercial capital of India – Mumbai.

aAs you will see, leading manufacturing companies from several countries are participating in this major event with a view to display innovative manufacturing solutions in sectors such as Automation and Engineering, Auto Components and Auto Accessories, Agro & Food Processing, Pharma & Bio technology, Electronics and Electrical Engineering , Energy and Environment, Packaging among others. Besides, well known Indian Public and private sector companies are participating in this event.

aITM Expo has provided a unique platform to network with innovators, technology providers, technology institutes, science and technology parks, among others from India and abroad.

The ITM Expo aims at promoting innovative technologies within the Indian manufacturing sector with a view to enhance productivity, upgrade quality, conserve energy, promote cost effectiveness, ensure industrial safety and improve global competitiveness. As India’s manufacturing base is the fourth largest among emerging economics, global companies are making a foray into India to establish commercial alliances and joint ventures with India.

The ITM Expo will be a convergence point for Business-to-Business meetings between innovators and manufacturers to explore investment opportunities and locate joint ventures partners for technological alliances. Concurrent with the Expo, the three day conference with thematic discussions will be addressed by eminent experts from India and abroad.

Our country is emerging as a global hub of innovation, low cost as well as high value products and services. Against this emerging scenario, the ITM Expo 2008 assumes heightened importance. Over the next four days, I expect representatives of trade, industry, private and public sector institutions and government agencies to gather here in large numbers to witness and gain first hand experience of the state-of-the-art technologies from so many countries across the world, said Mr. Kalantri.

Capt. Somesh Batra, Vice President, World Trade Centre, Mumbai proposed vote of thanks.

Today the trade between India and Poland has crossed US $ 600 million. India has invested US $ 7million in Poland as against America and Europe whose investment in Poland is US $ 700 million. However, Investment from Poland is high and the now Government is looking at investment in India in the field of mining, energy, chemical and to expand in IT and new technology said Honble Adam Szejnfeld, Secretary of State in the Ministry of Economy of Poland, while addressing the Indo Polish Chamber of Commerce & Industry (IPCCI), All India Association of Industries and the World Trade Centre Mumbai.

Mr. Szejnfeld further said that there are many things that set Poland and India far apart from each other. The weather for instance , but there is one factor that draws the two countries in a bigger way than anyone could have imagined. Both are well on the way of being a bigger economy in the world then before.

However, Indian economy is already soaring and since joining of the European Union, Poland is doing better. As such it is natural that both the countries should come together and promote bilateral trade, joint ventures and innovative technologies. Mr. Szejnfeld further added that Poland is relooking at its policies and wants to give top priority to Asian countries, specially India.

We are improving our infrastructure such as transport, telecommunication, ports as they are the priority of the Government for both the countries.

Dr. Krysztof Majka, Ambassador of Poland in India said that Indian companies such as Reliance Industries, ESSEL, Mittal Steel, Tata Consultancy, Ranbaxy, Essel packaging Tata Tetley have invested in Poland and we feel there are tremendous opportunities for investment on either side. Poland offers Indians better opportunities and can provide a hub to EU.

Mr. Vijay Kalantri, President, Indo Polish Chamber of Commerce (IPCCI) and the All India Association of Industries (AIAI) said that since the formation of IPCCI in the last 5 years trade has tripled between India and Poland.

The Major exports to Poland are bulk tea, coffee, unmanufactured tobacco, de-oiled cakes, black pepper, cotton yarn, cotton textiles, made-ups and apparel, jute manufacturers, mica and mica products, light engineering products such as hand tools and consumer electronics and some machinery items like machine tools and textile machinery.

India’s major imports from Poland are equipment for power station, railway equipment such as wheel sets, rails etc. coal mining, machinery, ships and ship engines machine tools other capital goods and commodities such as coking coal, sulphur, rapeseed oil, chemicals ad pharmaceutical and non-ferrous metal etc.

aMr. Janusz Bylinski, Consulate General of Republic of Poland was also present on this occasion. The meeting was very well attended by Industrialists and Government officials and people from all walks of life.

The Proposed move of Central Government to increase VAT floor rate of 4% to 5% on various commodities has not taken well by the trading community and the All India Association of Industries (AIAI) has sent a memorandum today to Dr. Aseem Das Gupta, Chairman, Empowered Committee of State Finance Minister & while registering its reservation on VAT hike, the AIAI has urged to turn down the proposal.

AIAI President Mr. Vijay Kalantri while terming the proposed hike as illogical & against the principals set out in VAT white paper, the AIAI said that hike in VAT rate in lieu of facing out of CST will prove to be much detrimental and will set a wrong precedent. If at all the states are likely to suffer any revenue loss on account of phasing out of CST, the Union Government compensates such losses from its coffer and without putting any burden of tax on traders and consumers.

The AIAI further said that the 4% VAT slab carries either items of daily necessity or items for raw materials used by industries and in event of any such hike in 4% slab will in turn increase the prices of commodities used by the consumer or by the industries. The AIAI further said that instead of removing disparity and anemology of VAT tax structure. The Government is disturbing the tax structure, which will not be a good step for the trading atmosphere in India. It also said that when hectic preparations are being made to enforce Goods & Service Tax (GST) in India from 2010, any such hike will also jeopardize the spirit of GST.

Taking a serious note of the Issue, the AIAI will also confer with other industries chambers in order to maintain pressure on the Government. On the other hand the AIAI will meet leaders of political parties, which are ruling various state Government.