Indo French Chamber of Commerce and Industry: January 2009

India News Bytes - 23rd February 2009

Friday, January 23, 2009 at 5:33 PM | Posted by Indo French Chamber of Commerce and Industry

Economy

Inflation at 5.60 percent for week ended January 10.
INR falls to 5 year low against USD at 51.60
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 12th September, 2008, Finance Minister, Shri P. Chidambaram has approved 12 Proposals of Foreign Direct Investment amounting to Rs. 1414.65 Crore. The proposals related to Ministries/Departments, namely, Commerce, Economic Affairs, Heavy Industry, Information & Broadcasting, Information Technology, and Telecommunications.
India and France looking at signing the civilian nuclear cooperation agreement with France when Prime Minister Mr. Manmohan Singh goes to Paris on January 30
India and EU agree to conclude a broad based trade and investment agreement by 2009 and double trade turnover to 100 billion euros in the next 5 years giving fresh impetus to strategic partnership.
Northbridge Capital : India’s retail sector is projected to grow to US$700 million while organized business is expected to be 20 % of the total market by 2010.

Business

Mahindra and Mahindra to build Special Economic Zones at in Maharashtra at Thane and Poona
Berlin based drugs and chemical group Bayer maybe facing a takeover bid from US Pharma major Pfizer.
Tata Teleservices to partner with either Japan’s NIT DOCOMO or France major France Telecom.
Tata Group close to diluting its stake for around Rs.5000 crores
Spanish firm Indra wins bid for Mumbai’s first high speed Metro rail corridor coming up between Versova – Andheri- Ghatkopar which will be operational by 2011.
Lupin acquires 60 percent stake in Pharma Dynamics, a South African generic marketing firm.
Credit Suisse, Barclays alongwith some private equity firms in race to acquire the Indian operations of Lehman Brothers.
Paris based auto major Renault choses India to provide a larger role in designing its ultra low cost car that it is developing with two wheeler major Bajaj Auto.
UAE’s telecom giant Etisalat acquires 45% stake in Indian telecom company Swan Telecom for US$900 million.
Videocon Industries in consortium with state owned refiner Bharat Petroleum acquires Brazilian oil exploration firm for US$283 million.
Japan’s Nomura Holdings to buy Asian operations of Lehman Brothers. Also emerges as front runner to buy the bankrupt bank’s business in Europe.
Booz and Company, Parthenon Group to open up consultancy firms in India.
Niraj Hans- Fiat India Purchase Head - Italian automobile company Fiat SpA will increase its component sourcing from India almost 5 times by end of 2010.
Indian government considering allowing foreign airlines to buy upto 25% stake in local carriers.
French pen and stationary manufacturer BIC picks up a 40 percent stake in Mumbai based stationery products maker Cello pens for Rs.800 crores.
Global communications major France Telecom gets Indian government approval for Internet Service Providers licence in India.

Monday, January 19, 2009 at 11:56 AM | Posted by Indo French Chamber of Commerce and Industry

Since its inception in 1977, one of the IFCCI’s main aims has been to convert each of its contacts into profitable business opportunities for the benefit of it members and the Indo-French business community. Over the years the IFCCI has developed several diverse services that allow its members to take advantage of its substantial network in order to develop their businesses.

Traditionally the IFCCI has used its website, quarterly magazine, and bi-monthly newsletter to communicate with the Indian and French entrepreneurs that are part of the Chamber. However, in this age of Web 2.0, we now have available to us more dynamic, interactive and participative platforms with which to share information with our members. Social networking sites like Facebook and LinkedIn, information sharing sites like Flickr, Emule, Youtube and blogs, forums and wikis allow for a greater participation and interconnectivity.

It is these tools of the Web 2.0 that the IFCCI will now employ in order to communicate more effectively with its members. Through these resources, we will be able to create new services that will, with greater facility, give our member’s access to our vast network and resources. Further, with instant access to feedback, we will have a better understanding of our member’s requirements and can modify our services to suit their needs. Perhaps most importantly, these platforms will allow members to communicate not just with the Chamber but also with each other.

By creating a framework for increased member-participation in the Chamber’s activities and the circulation of information within the Indo French business community, we at the IFCCI hope to further our aim of assisting our members do business in India and France.

Now available :

IFCCI Blog : www.ifcci.blogspot.com
IFCCI Netvibes Universe : http://www.netvibes.com/ifcci
IFCCI facebook group open for members, French Chamber of Commerce and Industry and official organisms: Indo French Chamber of Commerce and Industry - www.facebook.com

Here is your chance to actively communicate with the Indo French business community. The IFCCI gives you an opportunity to contribute information about your company or a sector of activity that you think might be of interest to the newly launched IFCCI blog.

Please send you contributions to Pierre Labail - pierre.labail (at) ifcci.org.in. Please note that the IFCCI reserves the right to select relevant content for the blog.

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