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Intellectual Property Protection in India

Written by Tony Harkén on Tuesday, 10 September 2013. Posted in India, Articles of India, Main 1, Main 6 - 3st

India is one of the fastest growing economies in the world and undoubtedly one of the most attractive destinations for foreign investments. But in recent times it has been under the radar for its IP regime.

With this seminar we aim to simplify the Indian IP system and help you understand this unique market to be able to develop an effective IP strategy for India. We will cover topics such as Anti-Counterfeiting and enforcement measures in India and will also talk about the recent controversial developments in the patents arena including the Novartis and Bayer (compulsory licensing) decisions. On the trademark front, we will talk about India’s entry into the Madrid system for the International Registration of marks.

During the seminar you will get opportunity to listen to three different perspectives on IP in India; from the Indian Ambassador, from an Indian IP law firm and from a Swedish company. The aim of this seminar is for you to be better informed on Indian IP and therefore make wiser business decisions on the Indian market.

Speakers:

H.E Mrs. Banashri Bose Harrison, Ambassador of India to Sweden and Latvia

Mr. Pankaj Soni, Partner at Remfry & Sagar

A representative from Ericsson to be announced

The seminar will be moderated by Molly Baxi, Indian Trademark Attorney at Groth & Co.

 

Date:        Thursday, October 3rd
Time:       15.00 to 17.00,
                followed by a mingle and 
                networking opportunities

Location:  Spårvagnshallarna,
                 Birger Jarlsgatan 57 A, Stockholm
Room:      “Perrongen”

Cost:        Attending is free of charge.
                If you register but fail to show up we
                reserve the right to invoice 500 SEK
                for costs involved.

RSVP:      This e-mail address is being protected from spambots. You need JavaScript enabled to view it  

India and World Bank Sign Us$ 216 Million Agreement

Written by Tony Harkén on Thursday, 04 July 2013. Posted in India, Articles of India, Main 3, Right bottom - 8st

The Loan and Project Agreements for World Bank (IBRD) assistance of US$ 216 million for Second Kerala State Transport Project were signed between Government of India/Government of Kerala and World Bank at New Delhi today.

The Loan Agreement was signed by Shri Nilaya Mitash (Joint Secretary, Department of Economic Affairs) on behalf of   Government of India and Mr. Onno Ruhl, Country Director, World Bank (India) on behalf of the World Bank. The Project Agreement was signed by Shri T.O. Sooraj, Secretary, Public Works Department on behalf of the Government of Kerala.

The Objective of the project is to improve road conditions, traffic flow and road safety with a focus on vulnerable road users on selected roads in Kerala.

The project will have three components:

1. Road Network Upgrading and Safety Improvement: This component will include upgrading 363 kms of strategically important State Highways to complete network connectivity in the state with the objective of reducing travel time between key socio-economic centers.

2. Road Safety Management: This component will support the strengthening of the road safety management systems in Kerala with the objective of arresting the increase of crash fatalities in the state. This component will finance various initiatives building on the work already undertaken during the first project including a safe corridor demonstration project, implementation of a local level challenge fund, and advisory support for road safety activities.

3. Institutional Strengthening: The objective of this component is to improve the sustainability of Kerala’s state road network with respect to its functional adequacy, financial viability and capacity of key state road sector institutions to deliver road infrastructure and services that are responsive to road user needs.

The projects will be implemented over a period of six years.

19th India International Seafood Show to be held in Chennai Next Year

Written by Tony Harkén on Monday, 01 July 2013. Posted in India, Articles of India, Main 1, Main 7 - 3st

The Marine Products Export Development Authority (MPEDA) in association with the Seafood Exporters Association of India (SEAI) will organise the 19th India International Seafood Show (IISS), a biennial event at Chennai Trade Centre from 10th to 12th January 2014.

The 19th edition of IISS has an exhibition wherein all leading international and domestic companies will exhibit their equipments, products, services etc along with a technical session in which many world renowned experts on seafood sector will participate. Registration for the same can be done at www.indianseafoodexpo.com and in all field offices of MPEDA. An early bird scheme with 25 per cent discount on normal rates will be available for those who register on or before 30th September 2013.

The 19th edition of IISS will project the sustained development of Indian seafood by adopting the theme of “Guilt free seafood from India”. This will highlight the tradition followed by Indian fishermen and aqua farmers to do their activities in a sustainable way and in harmony with nature making the seafood from India so pristine that can be consumed without any trace of guilt.

It will also showcase the state-of-the-art technology now being adopted by the Indian processing units to produce and export value added products. The event will bring together the Indian seafood exporting fraternity and the overseas buyers under one umbrella and enable them to interact and finalize future business dealings.

The Indian seafood industry has now come a long way with a major stand in the global seafood market. IISS 2014 will also present tremendous scope for tapping new avenues and introducing various technology and products to the global market. With multifold increase in the production of exotic species, Pacific White legged Shrimp (Litopenaeus vannamei), India is poised for enhancement in production infrastructure, which presents great opportunity to forge new partnerships and strengthen the existing relationship, for all the sectors associated with seafood industry.

Global India Business Meeting

Written by Tony Harkén on Thursday, 16 May 2013. Posted in India, Articles of India, Main 3, Main 5 - 3st

EUROCHAMBRES is co-organising for the second time the Global India Business Meeting taking place in Belfast (UK) on 23-25 June to debate a wide range of issues related to the Indian economy.

Poul V. Jensen, Director of the European Business Technology Centre will participate in a dialogue on planting the seeds of low carbon growth.

Register now with EUROCHAMBRES or EBTC and get 50% discount on the standard fee!

Global India Business Meeting programme

 

For Indian IT companies Europe is new favorite for acquisition

Written by Tony Harkén on Wednesday, 17 April 2013. Posted in India, Articles of India, Main 1, Main 5 - 3st

Indian IT companies, Tatas’ recent purchase of French firm Alti could be the prelude to a long-awaited European acquisition spree. Experts believe. Europe seems to have become the new favorite destination.

\A number of Indian software firms have made acquisitions in the European Union off late, Notwithstanding Europe’s stringent labour laws and high operating costs.

Besides the Tata, Geometric acquired 3Cap Technologies for 11 million euros in January.

Last year, Infosys acquired Swiss consulting company Lodestone for $350 million, while Cognizant Technology Solutions Corp acquired six small IT services companies that were part of Germany’s C1 Group for an undisclosed sum.

Commenting on the trend, deal tracking firm Mergermarket’s global head of technology, Pamela Barbaglia, said: “EU targets would help Indian companies enhance their R&D, sales and after-sales capabilities. In addition, top tier companies would benefit from a deeper EU presence, which would reduce their dependency on the US.”

Ms Barbaglia further said that “Tata’s recent purchase of France-based Alti on April 8 could be the prelude to a long-awaited European acquisition spree.”

According to leading assurance, tax and advisory firm Grant Thornton India partner of transaction advisory services, Raja Lahiri: “For Indian IT players, US has typically been the largest IT market. However, given the overall growth pressures in the US, Indian IT players are focusing to grow non-US business, specifically Europe business”.

Source – PTI

Invest in Agra – India

Written by Cecilia Helland on Thursday, 14 March 2013. Posted in India, Articles of India, Main 3, Main 5 - 3st

Agra is the most popular tourist destination in India. One of the Seven Wonders of the World, the world renowned 'Taj Mahal', is located here.

It is very close to the country capital Delhi. Agra is not only famous for its historical places, but also for its rich art and culture.

Tourism is the major contributor to the economy of the city. Apart from Taj Mahal there are other famous destinations such as Fatehpur Sikri and Agra Fort, all belonging to the Mughal era. It also has the soor sarovar bird sanctuary and other tourist places such as Itmad-ud-Daulah and Sikandara.

Thus, tourism is the major sector to invest in for foreign investors. The FDI in this sector is 100% through the automatic route and there are no hassles involved. Also, as this sector is ever evolving the growth prospects are great.

Agra is also known for its magnificent handicrafts.  Brass wear and carpets from Agra are renowned all over. Carpets of good quality and variety are available here. It is also renowned for its jewelry and exquisite zari and embroidery works. These works are most sought after worldwide, hence this is one sector that offers lots of scope and promise for investors.

Agra also has many garment and apparel manufacturers which undertake exports.

There are also many wholesale industries and manufacturers in Agra which cater to a vast market. Thus, the garment production and export industry is a viable option of investment for foreign investors.

The automobile industry is also an important sector in Agra. Many major players in this field have set up operations in Agra. This sector is growing tremendously in India. Also, as many foreign automobile players are setting up their shops in India, this industry is set to grow a lot and offers good investment potential. 

The leather industry is also another sector. Agra has some of the head manufacturers and exporters in this field. The footwear industry is also a growing field in this sector. Exports are also a thriving sector in the leather industry. There are thus plenty of options for foreign investment in this area.

As a result of growth and expansion this city is engaging more in the development of its existing infrastructure. 100% FDI investment is permissible in this sector. Transport avenues such as roads and rail are also being spruced up. All this presents a good opportunity for foreign players to foray in this sector. Their expertise will be an added advantage for these players to be chosen. Hence, this is a great opportunity for foreign investment.

The government has also taken initiatives to encourage FDI (foreign direct investment) in India. The FDI norms have been eased in all sectors to facilitate foreign investment. Thus, it is easier for foreigners to invest money in India now than it was earlier.

Agra is thus a very good investment option for foreign investors. Tourism is the major grosser, but other industries are also catching up and offering great potential for foreign investment.

Scania launches new bus and coach range for India at Busworld

Written by Tony Harkén on Sunday, 03 February 2013. Posted in India, Articles of India, Main 6 - 3st, Main 5

Scania takes the next step in India with the introduction of Scania buses and coaches, with full parts and service support via the worldwide Scania service network.

The Scania Metrolink is a purpose-designed coach for luxury intercity or charter travel in head-turning style.

The Scania Metrolink introduces a new level of performance, driveability and handling in the Indian market, all based on renowned Scania virtues such as robust design, maximum passenger safety, leading fuel economy and a long and trouble-free service life.

Says Mr. Anders Grundströmer, Managing Director Scania Commercial Vehicle India and Senior Vice President Scania Group.

“It is with great pride that Scania makes India the first market worldwide to enjoy the benefits of the Scania Metrolink, a new range of intercity coaches, with a distinct Scania character, bristling with state-of-the-art technology. Scania has been at the forefront, developing new coach concepts and technologies during more than a century. It gives us great pleasure to now bring the world-renowned Scania buses and coaches to India. Our products are known for their outstanding fuel economy and high uptime, and ensuring low operating costs. “Scania Metrolink is a premium product that is completely in line with Scania's mission to be a trusted partner for the transportation industry in India.”

Offered in three models, the Scania Metrolink is styled to stand out as a premium product, featuring the established Scania ‘wrapping T’ styling motif that sweeps from the front into the window line along the sides. First deliveries to customers will take place in mid-2013 and assembly of complete coaches will start at Scania's new facility in Bengaluru in early 2014.

India second in steel production globally

Written by Tony Harkén on Thursday, 31 January 2013. Posted in India, Articles of India, Right bottom - 8st, Right 2

India is second only to China in terms of steel production. In the last 5 years India’s production grew by 33 percent, thus making it behind China among the top 5 steel producing nation.

World Steel Association (WSA) data has revealed that China’s production grew by 39 per cent during 2008-2012, India’s by 33 percent and India’s production grew constantly in the last five years from 57.8 MT in 2008 to 63.5 MT in 2009, 69 MT in 2010, 73.6 MT in 2011 and 76.7 MT in 2012,

China, which produces nearly half of world’s steel, had output of 512.3 MT in 2008, 577.1 MT in 2009, 638.7 MT in 2010, 694.8 MT in 2011 and 716.5 MT in 2012. World’s steel production grew to 1,548 MT in 2012, up from 1,341 MT in 2008, recording a growth of 15 per cent.

Russia, which holds the fifth rank in the world order of steel production in 2012, had clocked a mere three per cent growth in output during the last five years.

In 2008, it had produced 68.5 MT and in 2012, it stood at 70.6 MT.

Japan and the US, which occupy the second and third ranks respectively since 2010, have, in fact, produced less steel in 2012 than what they had produced in 2008.

Japan’s production fell to 107.2 MT in 2012 from 118.7 MT in 2008. Similarly, production in the US slipped to 88.6 MT in 2012 from 91.4 MT, the WSA data revealed.

Source – PTI

Workers' remittances in the EU27

Written by Tony Harkén on Sunday, 16 December 2012. Posted in India, Articles of India, Left 1, Left 2 - 3st

Nearly 40 billion euro transferred by migrants to their country of origin in 2011.

Read more at Eurostat

More business deals between Europe and India

Written by Cecilia Helland on Tuesday, 11 December 2012. Posted in India, Articles of India, Main 1, Right 3, Right bottom - 8st

50 European companies participated in the four Flagship Missions of the European Business and Technology Centre (EBTC) held in November and December in India.

The Missions consisted of fully packed programmes, including site visits, business-to-business meetings and high-level networking with government officials.

New business deals were signed through reinforced understanding of challenges and opportunities in the Indian market and strengthened contacts between EU and Indian counterparts.

India ranked 94th position in Corruption

Written by Tony Harkén on Monday, 10 December 2012. Posted in India, Articles of India, Main 1, Main 7 - 3st

Out of the 176 countries, this year Transparency International’s Corruption Perception Index (CPI) has ranked India at 94th position.

The international transparency committee has said that it has devised new parameters to check the level of corruption in a nation against the method they used last year.

As Transparency International is evaluating the positions through a different formula beginning this year and hence this cannot be compared to last year’s ranking.

India was ranked at 95th position last year. a “slight improvement” in the index.

On a scale from 0 (highly corrupt) to 100 (very clean) , India has a score of 36, which is a result based on an average of 10 studies including World Bank’s Country Performance and Institutional Assessment and Global Insight Country Risk Ratings.

India was ranked 72 among 180 countries for the first time in 2007 and since then the country’s rankings have been showing a decline. While India was placed at 87 in 2010, the position was 95 in 2011.

If we talk about the neighbouring countries Afghanistan, Iran, Nepal, Pakistan and Bangladesh fared much worse than India when it came to corruption in public sector undertakings. Sri Lanka and China are ranked 79 and 80 respectively.

Denmark is placed at the top spot with a score of 90 while Finland and New Zealand follow very closely. Countries that occupy the bottom ranks in the index are Myanmar, Sudan Afghanistan, Somalia and North Korea.

Source – Agencies

India, China set for $100 bn trade

Written by Tony Harkén on Thursday, 08 November 2012. Posted in India, Articles of India, Main 2, Right bottom - 8st

India today exuded confidence of achieving the USD 100-billion bilateral trade target set with China by 2015 and hoped the issue of New Delhi’s widening trade deficit with Beijing will be addressed.

“The target of USD 100-billion bilateral trade would not be difficult to achieve by 2015,” Joint Secretary in the Ministry of Commerce and Industry Asit Tripathy said.

He said both nations should strive to attain a sustainable balanced trade, which is currently in favour of China.

Tripathy was speaking at the inauguration of the “India Show” in Beijing, where more than 80 Indian automobile companies are participating.

The exhibition is being organised by CII in association with Ministry of Commerce and Industry and Indian Embassy in Beijing at the China International Auto parts Expo, which is in progress, CII said in a statement.

Besides, CII has sent a 19-member business delegation to China to discuss ways to strengthen trade and investment ties between the two countries.

In 2011-12, the bilateral trade between the two countries stood at USD 75.45 billion. While India’s exports were at USD 17.90 billion, imports stood at USD 57.55 billion. Thus, the trade deficit between the two nations stood at USD 39.65 billion in favour of China.

Indian Ambassador to China, S Jaishankar, said the economic cooperation between India and China in the last decade has been a remarkable story.

“While this is heartening, it has posed its own challenges in terms of a trade deficit, which is difficult to sustain or to defend. Market access for Indian companies (in China) is a major concern…,” he said.

Also, he said, a number of Chinese auto manufacturers are contemplating projects in India.

CII President Designate S Gopalakrishnan said Indian companies, operating in areas like manufacturing and IT, are also investing in China.

He added that more than 200 Indian companies are currently present in China. These companies apart from tapping the domestic market have been using China as their base to produce for other markets.  

Source – Financial Express

India beats US, Europe in Economic acceleration

Written by Tony Harkén on Tuesday, 16 October 2012. Posted in India, Articles of India, Main 1, Right bottom - 8st

India and China – - the two leading emerging economies – - are experiencing roughly 10 times the economic acceleration of Industrial Revolution, a top American official has said, noting that this is resulting in tectonic shifts in global commerce.

The Assistant Secretary of Commerce for International Trade, Michael Camunez said while Europe took two centuries to double its economic output per person, US took 50 years, India, having more than a billion populations – - achieved it in 16 years.

“The Industrial Revolution, hatched in the mid-1700s, took two centuries to gain full force — Britain, the revolution’s birthplace, required 150 years to double its economic output per person; in US locus of the revolution’s second stage, doubling GDP per capita took more than 50 years,” Camunez said in American National Standards Institute.

“A century later, when China and India industrialized, the two nations doubled their GDP per capita in 12 and 16 years, respectively,” he said.

Moreover, Britain and US began industrialization with population of about ten million, whereas China and India began their economic takeoffs with populations of roughly one billion (each), he said.

“Thus the two leading emerging economies are experiencing roughly ten times the economic acceleration of the Industrial Revolution, on 100 times the scale — resulting in an economic force that is over 1,000 times as big,” Camunez said.

Camunez said according to a recent report of McKinsey Global Institute by 2025, the consuming class will swell to 4.2 billion people. Consumption in emerging markets will account for USD 30 trillion — nearly half of the global total.”

Indian Super rich own $ 925bn

Written by Tony Harkén on Friday, 21 September 2012. Posted in India, Articles of India, Main 1, Main 7 - 3st

India is home to as many as 7,730 ultra high net worth (UHNW) individuals whose combined wealth amounts to a whopping USD 925 billion, says a study.

According to the world ultra wealth report 2012-13, by Wealth X, a global wealth intelligence and prospecting company, India has 7,730 UHNW individuals, of which 109 are billionaires.

However, in the corresponding period last year there were as many as 8,215 with a total wealth of USD 980 billion.

The Wealth-X analysis shows there are 109 billionaires in the country and this group represents the top 1.4 per cent of the UHNW population, and controls 20.5 per cent of the total fortune attributable to the ultra wealthy segment.

On average, these billionaires are worth close to USD 1.7 billion each.

Since India’s GDP growth continue to moderate and the Indian equity markets, which have significant impact on the local UHNW population, declined by 8 per cent during the measuring period and the Indian Rupee declined by 25 per cent affecting the UHNW population and their wealth.

In India, the lowest tier of the UHNW group represented by those worth USD 30 million to USD 49 million is the largest group, making up 45.7 per cent of the total UHNW population in India. They have a combined fortune of USD 125 billion, or 13.5 per cent, of the total wealth of the India’s ultra affluent.

The study focuses solely on persons with a net worth of USD 30 million and above (after accounting for shares in public and private companies, residential and investment properties, art collections, planes, cash and other assets).

The Wealth X study further said there are 5,775 Indians having wealth between USD 30 million and USD 100 million, and nearly 845 have wealth between USD 100 million and USD 200 million.

Between USD 200 million and USD 500 million, there are 855 Indians, while in the range of USD 500 million to USD 999 million, there are 150 Indians, the study said.

Source – Agencies

Stora Enso expands renewable packaging business to Pakistan

Written by Tony Harkén on Tuesday, 18 September 2012. Posted in India, Articles of India, Main 6 - 3st, Main 7

Stora Enso has signed an agreement to establish a joint venture called Bulleh Shah Packaging (Private) Limited with Packages Ltd. of Pakistan.

Stora Enso’s initial shareholding will be 35% with a commitment to increase the shareholding at the agreed value to 50% at a later stage subject to certain conditions being met. The joint venture will include the operations of the Kasur mill and Karachi plant currently owned by Packages Ltd.

The joint venture will to a large extent provide packaging products to key local and international customers in the fast-growing Pakistani market. The joint venture will employ about 950 people and its sales are forecast to be USD 130 million (EUR 99 million) in 2012.

The agreed value for 100% of the joint-venture company is approximately USD 108 million (EUR 83 million) on a cash and debt free basis. The total consideration can be up to USD 125 million (EUR 96 million), including an additional maximum performance compensation based on the financial results of the second half of 2012 and the first half of 2013. As part of the agreement, both parties are committed to a substantial USD 135 million (EUR 103 million) investment programme during 2013 and 2014 to develop the business further. The joint venture is EPS accretive and will over time after the new investments exceed Stora Enso’s ROCE target of 13%.

“This is an example of Stora Enso’s investments in value-creating growth markets. The Pakistani market, with growing demand for packaging products and paperboard, offers an attractive growth opportunity for us and the joint venture will enable us to increase our capability to serve our key customers,”says Mats Nordlander, Executive Vice President, Renewable Packaging Business Area.

The joint-venture transaction is expected to be completed during the first quarter of 2013, subject to competition and regulatory approval and other customary transaction conditions.

Upcoming business opportunities in India

Written by Tony Harkén on Sunday, 16 September 2012. Posted in India, Articles of India, Main 1, Main 7 - 3st

The European Business and Technology Centre in India (EBTC) offers plenty of interesting business opportunities over the coming months.

Four Missions on the agenda: Environment (29-31 October), Biotechnology (5-9 November) Energy (7-9 November) and an event on Transport (5-8 December).

Several conferences are also taking place in the EU and India.

Additional information and registrations for the events are available on the EBTC website

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