Nuevo paradigma de relaciones entre India y Argentina

January 26th, 2009 Posted in Agriculture, Argentina, India, IT
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Ambassador Viswanathan writing about the “new paradigm of relations”, in advance of the upcoming Argentine presidential visit to India, which has been postponed in light of PM Singh’s heart surgery. Key takeaway is Argentina with almost the same land area as India (only about 10% less), and population equalling that of Delhi, Mumbai, Kolkata and Chennai is perfectly positioned to meet India’s growing imports of food. Argentina has the land area to feed at least 500 million people.
Columnistas – Perfil.com

El comercio de la Argentina con la India alcanzó los 1.300 millones de dólares en 2008. Las exportaciones argentinas a la India cruzaron el umbral de los mil millones de dólares en 2007.

Empresas indias ya operan en el mercado argentino con inversiones y joint ventures. Seis son del sector de la informática: Tata Consultancy Services (TCS), First Source, Cognizant, Irevna, Cellent y Aaliphta. Emplean a 800 jóvenes argentinos, capacitándolos y preparándolos para el mundo de los negocios globalizados.

Hay dos empresas indias agroquímicas (United Phosphorous Ltd. y Punjab Chemicals and Crop Protection Ltd.) operando en la Argentina. Glenmark de la India está produciendo y exportando drogas oncológicas en las plantas de su subsidiaria argentina Síntesis Química.

ArcelorMittal, la compañía del empresario indio Lakshmi Mittal, adquirió la siderúrgica argentina Acindar y la distribuidora de acero inoxidable Majdalani. Hay una empresa en minería y otra en agronegocios.

De parte argentina, IMPSA, la empresa de ingeniería, ya ha establecido oficinas en Delhi y explora oportunidades en el sector de la energía. Empresas farmacéuticas exportan productos de biotecnología y tienen planes de invertir allí. Empresas argentinas han sentado presencia en el sector de equipos y repuestos de GNC (gas natural comprimido) en la India.

Las principales exportaciones argentinas a la India de aceite de soja y de girasol continuarán aumentando en los años por venir.

Aquí vemos una complementariedad perfecta entre la India, con una numerosa población de más de mil millones de habitantes y recursos territoriales insuficientes, y la Argentina, que tiene apenas 40 millones de personas pero casi la misma superficie que la India.

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Retail food biz in India to grow by 400%

January 20th, 2009 Posted in Economics - Indicators, Policy and Trends, Food and Beverages, India
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The Financial Express

The Indian food retail industry is expected to grow by over four hundred per cent in next five years, and share of global trade in the sector has been projected to double by 2015, a Government official said.

“Food in grocery sector is about 154 billion USD which is 77 per cent of total retail sales. two-third of the food is in retail grocery, and the organised Indian food retail is just three per cent at 7 billion USD which is expected to grow by 400 per cent in next five years,” Joint Secretary, Ministry of Food Processing India, Ajit Kumar said.

Highlighting the estimated growth projection targets set by the Union Government, Kumar said the retail food industry is going to be at 20 billion USD by 2010 against the present 7 billion USD.
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Global firms draw on India for ideas

January 19th, 2009 Posted in India, Science and Innovation, Technology
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livemint

Today, as the economic slowdown shrinks demand in mature markets, some of the world’s largest companies are drawing on inputs provided by their Indian talent and running critical functions from their Indian units. They are devising future strategy, creating blueprints for marketing campaigns, building brands and new businesses from India-based centres that are more tuned to the needs of customers in emerging markets.

Global businesses are also gaining from innovative products that are born out of insights provided by India’s domestic market. Web tools that hike the amount of money earned from Internet search, termed search monetization, developed by the India research centre of Yahoo Inc. , have helped boost the Internet company’s profits.

Iconic apparel maker Levi Strauss and Co. is set to launch a range of non-denim street wear in the US market, a sub-brand that was first developed for collegegoers in India. The launch of Levi’s Sykes, a range of non-denim street wear for 15- to 19-year-olds, marks the international debut of a product category built primarily in India.
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“A vast majority of the five billion people in the world currently underserved by technology live in emerging countries, so growth for Microsoft or any other company across any industry will come from these geographies,” says Ravi Venkatesan, chairman, Microsoft India Pvt. Ltd. The Indian subsidiary is the only one where the software company’s six business units at present employ about 5,000 people, makes it the second largest employee base—next only to the US.

“Emerging markets have similar issues of affordability, accessibility and relevance. A lot of innovation happening in India will be useful in similar economies,” says Venkatesan.

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Some sectors still immune to global recession – Indian pharma

January 6th, 2009 Posted in Health and Pharma, India
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The Economic Times

In these turbulent times, the [Indian] pharma sector has shown comparative resilience and has been relatively less impacted. There are two reasons for this: the domestic pharma market continues to experience healthy growth and the demand for generic (a biological equivalent of an originator pharmaceutical product) medicines is on the rise in international markets.

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Where India meets Mexico

January 5th, 2009 Posted in Arts, Culture and Society, India, Mexico
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DNA – Entertainment –

Tradition and modernity makes a beautiful blend in the 16 paintings by Delhi-based artist, Nitai Das who is currently exhibiting his collection at Jehangir Art Gallery.

In his artworks, done with oils and acrylics, Nitai has combined Indian traditional and Mexican folk art with a few contemporary touches. So, while the subjects of his plays are traditional gods and goddesses, the style with which he has executed them, according to the artist, has evolved over several years of research and practice.

Behind the harmonic strokes of the paintbrush on the canvas, there are angry words conveyed by the artist – a message against the aimless imbibing of Western influence into our traditional artworks. Das explains, “Folk art is probably one genre where we have little choice to copy from Western art. When young artists blindly copy from Western artists, it is a blow to our indigenous evolution of art.”

To complement thousand-year-old indigenous Indian art, Das has combined elements from Mexican folk art, a tradition that took birth in the cradle of a civilisation that is one of the oldest to have formed on the face of the earth. However, it was no mean task. It took years of research and experimentation that culminated in the current collection.

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Indian Agri cos record biggest profit gains in first half

January 5th, 2009 Posted in Agriculture, India
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The Agriculture sector is one of the recession-proof sectors in the next decade. With India adding 15 million people every year, the world’s population increasing by 70 to 90 million every year and millions in the middle class eating more and higher quality food nice profits will be assured for a long time. Some of these companies are perfectly positioned to make acquisitions in Argentina and Brazil.
The Economic Times

In the farm inputs and machinery sector, Coromandel Fertiliser, RCF, Excel Industries, Punjab Tractors, Excel Crop Care, Liberty Phosphate, Swaraj Engines, Nagarjuna Agrichem and VST Tillers Tractors reported higher profit growth in the first half of the fiscal year.

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India May Allow Duty-Free Imports of Raw Sugar

January 5th, 2009 Posted in Agriculture, Commodities, India
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Bloomberg.com: Asia

India, the world’s biggest consumer of sugar, may allow mills to import the raw sweetener duty free in two weeks to ease a local shortage and prevent an increase in domestic prices before elections next year.

The government plans to allow refiners to buy sugar from overseas for processing and sale in the local market without paying a 60 percent duty, said an industry association official, who didn’t want to be identified as the proposal has yet to be approved by the cabinet. The mills will need to export the same quantity within two years, he said.

Prime Minister Manmohan Singh, who is seeking re-election, wants to curb the cost of commodities including food grains, sugar and edible oil.  Increased imports by the south Asian nation may boost global sugar prices that have fallen 14 percent in six months.

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Argentinean biodiesel will get a $900 million boost

January 4th, 2009 Posted in Argentina, Energy
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GreenMomentum –

Despite a drop in global prices for both crops and oil, the Argentinean biofuel industry projections remain optimistic for 2009 as multi-million dollar projects continue to move forward.

Almost 900 million dollars are to be invested in the construction of new biodiesel plants by 2010, as well as in new sugar mill projects designed to position the country as one of the main producers of ethanol in the world.

This figure adds up to 1,200 million if we were to include the 300 million dollars already invested in biodiesel plants already operating in the country.

According to Claudio Molina, executive director of the Argentinean Biofuel and Hydrogen Association, approximately fifteen biodiesel plants have opened, needing a total investment of 282 million dollars since 2006.

These plants have a combined annual production capacity of 1.5 million tons. A significant number of these plants are located in Gran Rosario, Santa Fe province, home to most oil producers in the country.

According to a document published by the Argentinean Chamber of Renewable Energy, by year-end 2008 Argentina’s biodiesel will account for 10% of the world’s production, which will establish the country as the third global producer, with revenue estimated around 1,500 million dollars.

More than 90% of biodiesel exports are destined to the US, even though the final destination may be Europe, which up until November amounted to almost 1 million tons.
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