Al-Kharafi to invest Rs 49,000 cr to set up petroleum refinery in TN

Source: Business Standard, Jan 23, 2019

Chennai: Kuwait-based Al-Kharafi is likely to invest around Rs 49,000 crore to set up a petroleum refinery and petrochemical products facility at Thoothukudi in Tamil Nadu. The investment is one of the several pouring into the state.

Chief Minister Edappadi K Palaniswami said that Al-Kharafi is expected to set up a petroleum refinery in compliance with BS-VI emission norms adhering to the environmental standard to manufacture petrochemical products.

“This will bring in economic growth in the southern part of the state similar to that which took place in Jurong Island in Singapore and Dahej and Jamnagar in Gujarat,” the chief minister said after laying the foundation stone for DLF Down Town Chennai. “I assure the captains of industries present here that we will continue to fully support all your investments in Tamil Nadu.”

The state has seen 59 projects begin commercial operations in a year after the second Global Investors Meet held in Chennai last January, while another 213 are in various stages of development. Besides, the electric vehicle manufacturer BYD and major mobile phone designing and manufacturing firm Wintech have also started taking steps to set up their manufacturing facilities in Tamil Nadu, he added.

After the global meet, the state has signed 63 agreements to attract investments around Rs 19,000 crore. After setting up a high-level committee headed by the chief minister, 36 industrial projects worth Rs 14,728 crore have been awarded various approvals to start operations. This will create 22,763 employments.

Foreign Direct Investment into the state has seen an increase of around Rs 47,000 crore in the last three years, pegging it at around Rs 1,80,000 crore now, he added. The state has been constantly attracting new investments across sectors including Information Technology. The recent investments by TCS and Infosys alone, are expected to create 31,000 direct IT sector jobs in the State, he said.

PE, VC investments in India grew 28% to $48 billion in 2019, says EY data

Source: Business Standard, Jan 23, 2019

Chennai: Private equity and venture capital investments in 2019 were at an all-time high in terms of both value and volume. In terms of value, at $48 billion, PE/VC investments grew 28 per cent compared to $37.4 billion recorded in 2018.

According to EY data, the growth was mainly on account of significant investments in the infrastructure sector which alone accounted for 30 per cent of all investments in 2019 by value compared to 12 per cent in 2018.

The data included deals that were announced but are awaiting closure like ADIA, PSP and NIIF’s investment in GVK and others.

In terms of volume, 2019 recorded 1,037 deals, 35 per cent increase over from a year-ago period (769 deals in 2018), 60 per cent of which were in the start-up space. In terms of number of deals, start-ups recorded a 61 per cent increase in deal activity in 2019 compared to last year (378 deals in 2018).

While pure play PE/VC investments recorded a decline of three per cent, there was a significant increase in investments in the infrastructure and real estate asset classes which recorded an increase of 225 per cent and 33 per cent, respectively, on a y-o-y basis.

The year 2019 recorded the highest ever value of PE/VC investments in the infrastructure ($14.5 billion against $4.5 billion in 2018) and real estate ($6.1 billion against $4.6 billion in 2018) sectors.

For the first time, buyouts emerged as the primary PE/VC deal type, overtaking growth capital deals and accounting for 34 per cent of all PE/VC investments by value in 2019.

Buyouts recorded the largest increase of 56 per cent in terms of value ($16.2 billion in 2019 against $10.4 billion in 2018).

In the past two years, buyouts clocked $26.7 billion in deal value, which is more than the value of buyouts in the previous 12 years combined. Also, number of buyouts in 2019 (58 deals) are the highest ever. Once again, this has been driven by significant increase in the value (180 per cent increase y-o-y) and number (123 per cent increase y-o-y) of buyouts in the infrastructure and real estate sectors. Buyouts in the traditional PE/VC space, however, recorded declines in both value (26 per cent decline y-o-y) and volume (19 per cent decline y-o-y) in 2019.

Growth capital investments, at $14.5 billion, recorded modest increase of 9 per cent in 2019 against $14.2 billion in 2018. This too was primarily on account of increase in growth investments in infrastructure and real estate sectors which rose by 136 per cent ($7.3 billion in 2019 against US$3.1 billion in 2018) in terms of value and 97 per cent in terms of volume (59 deals in 2019 against 30 deals in 2018) respectively. Pure play PE/VC growth capital investments recorded a decline of 26 per cent in terms of value and 13 per cent in terms of volume.

Start-up investments in 2019 were the highest ever in terms of value and volume. 2019 recorded start-up investments worth US$7.9 billion, 22 per cent higher compared to US$6.5 billion in 2018. Softbank’s investment of US$810 million in OYO was the largest start-up investment in 2019.

There were 111 large deals (value greater than $100 million) in 2019, aggregating to $35.2 billion and accounting for 73 per cent of total PE/VC investments made in 2019 compared to 81 large deals aggregating $27.9 billion in 2018. The value and volume of large deals have been progressively increasing over the past four to five years.

India plans fourth Summit with Africa in September

Source: The Economic Times, Jan 23, 2019

NEW DELHI: India & Tunisia, on Wednesday, signed a memorandum of understanding on the creation of a Tunisian-Indian centre for innovation in information and communication technologies in the North African country. The two sides also discussed fourth edition of India-Africa Summit, scheduled for September 2020 in India. The third edition of the Summit was held here in 2015.

The memorandum was signed after a meeting between acting Minister of Foreign Affairs Sabri Bachtobji and Indian Minister of External Affairs Subrahmanyam Jaishankar.

The meeting discussed “the different aspects of bilateral and multilateral cooperation as well as several issues of regional and international issues of common interest.

Both ministers highlighted the need to continue consultations to ensure the success of the next India-Africa Summit, scheduled for September 2020.

They commended “the development of the Tunisian-Indian relations which have been strengthened through exchanging visits by senior officials and organising regular sessions of the Joint Commission,” said an official statement.

Emphasis was placed on the need to prepare for the 13th session of the Tunisian-Indian Joint Commission and bolster cooperation in the fields of information and communication technology, scientific research and agriculture.

Receiving Minister of External Affairs of India at Carthage Palace on Wednesday, Kais Saied expressed Tunisia’s readiness, as a non-permanent member of the UN Security Council, to strengthen dialogue with India on all issues relating to peace and security in the world.

The Tunisian Head of State noted on this occasion that the principles of democracy, freedom and justice shared by the two countries enable them to play an effective role on the international scene to defend just causes, first and foremost the Palestinian cause and the right of the brotherly Palestinian people to establish a State in accordance with the resolutions of international legality.

Kais Saied also recalled the historic relations binding the two countries, commending the constant development of cooperation relations, stressing the importance of the forthcoming session of the Joint Commission, a statement of the Presidency of the Republic reads.

In this connection, he stressed the importance of the establishment of several Indian companies in Tunisia, expressing Tunisia’s willingness to take greater advantage of the immense potential of the Indian economy in order to promote bilateral cooperation in all areas, particularly information and communication technology, scientific research and agriculture.

For his part, the Indian Minister of External Affairs praised the democratic experience in Tunisia, expressing his country’s readiness to further diversify the areas of cooperation between the two countries and to take advantage of the opportunities offered in terms of investment and partnership. He also voiced his country’s will to draw up a roadmap setting out the priorities for bilateral cooperation.

On another level, the Indian Minister of External Affairs asserted India’s position of principle for defending the Palestinian cause and the rights of the Palestinian people.

Auto Expo 2020 will be launch pad for revival: SIAM

Source: The Hindu Business Line, Dec 20, 2019

New Delhi: The Auto Expo in February is expected to bring some cheer to the slowdown-hit auto industry as the event will be a ‘launching pad’ not only for newcomers but also for revival of the sector, the Society of Indian Automobile Manufacturers (SIAM) said on Friday.

However, some of the top notch companies including Honda, Toyota, Ford, BMW, Audi, Lexus, Volvo and Jaguar Land Rover along with two-wheeler majors Hero MotoCorp, Bajaj Auto and TVS Motor Co will not be participating in the biennial motor show. Over 60 new launches and unveiling of vehicles are expected during the seven-day event (February 5-12).

China’s Great Wall Motor Company and First Automotive Works (FAW) will make their debut along with MG Motors India on the theme ‘Explore the World of Mobility’. The theme resonates the message of technology, capability and vision of mobility for tomorrow — safer, cleaner, connected, bespoke and shared, SIAM said.

“The auto industry is putting its best foot forward to match the aspirations of the nation and this edition of the Auto Expo 2020 will bring to fore the futuristic trends and practicality towards encompassing a multitude of facets of mobility, especially the underlying focus on electric mobility, technology infusion and safety,” Rajan Wadhera, President, SIAM, said.

The auto show will not just be a futuristic perspective of the evolutionary paradigm in the Indian auto industry but would also manifest the automotive industry’s preparedness to adopt to the BS-VI norms, he added.The Expo will see 6 “special” days, with each day ‘exploring’ a specific aspect of the world of mobility – Enterprise Day, Goodwill Day, Family Day, Women Power Day, Green Day and Driving Experience Day, the industry body added.

Upcoming Trade Fairs in 2020


Convergence India 2020

19th to 21st February at Pragati Maidan, New Delhi.

Convergence India expo creates a platform for players to promote Brand India and extend the impact of ‘Make in India’ and ‘Digital India’ campaigns globally. The provides an opportunity for professionals, digital innovators, international businesses, telecom, and broadcasting players, as well as leaders from IT, internet, IoT, & Embedded Technology industries to interact and do business with each other.

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ACREX India 2020

27th to 29th February at  India Exposition Mart, Greater Noida.
ACREX India will cover the HVAC, Refrigeration and Building Automation Systems, Refrigeration & Cold Chain, Building Automation and much more

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International Elevator & Escalator Expo 2020

27th to 29th February at Bombay Exhibition Centre, Mumbai.

International Elevator & Escalator Expo provides an exclusive platform to get an insight into the market, trends and technologies that drive the Elevator and Escalator industry. The three day trade exhibition, apart from fostering thought leading insights from the stalwarts of the industry, also delves extensively on leading edge technological advancements to the most contemporary design trends, safety standards, environmental compliance codes and regulations in the elevator and escalator industry.

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AAHAR – International Food & Hospitality Fair 2020

3rd to 7th March at Pragati Maidan, New Delhi.
AAHAR – International Food & Hospitality Fair is a flagship fair focusing on improving food standards in India. This event showcases products like Fresh Produce & Dairy Products, Confectionery, Chocolate, Desserts, Bakery Products & Ingredients, Organic & Health Products, Frozen, Canned & Processed Products, Meat, Poultry & Sea Foods, Cheese & Fine Specialty Food, Snacks & Convenience Food, Food Ingredients, Additives and Preservatives Coffee & Tea, Syrups, Juices & Energy Drinks in the Food and Beverages industry.

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International Engineering Sourcing Show 2020

4th to 6th March at CODISSIA TRADE FAIR COMPLEX, Coimbatore.

The IESS Indian Engineering Sourcing Show is a trade fair for mechanical engineering. The fair has established itself in recent years as India’s largest engineering fair and continues to be a major driver of new technologies and investments. Over 50 cities in India have participated in the fair. This results for the exhibitors in a unique opportunity to reach even more remote and smaller regions in India and so making available their products to a wider audience. On the Engineering Expo retailers, manufacturers and service providers are brought together to cover the entire value chain. This includes the industry, associations, academia and agencies that have a positive impact on the market, both through action and through work.

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5th to 7th March at Bombay Exhibition Center, Mumbai.
MEDICAL FAIR INDIA is India’s leading Trade Fair for the medical and healthcare industry. Medical Fair India has been successfully addressing the various needs of Hospitals, Health Centres & Clinics. The event will offers the latest range of products and solutions for medical, hospital and laboratory technology. The Furniture and furnishings, diagnostic equipment, orthopaedic products, surgical instruments, as well as many other medical devices and solutions for pharmacies, hospitals, diagnostics, pharmacy, medicine and rehabilitation.

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Chemspec India 2020

16th to 17th April at Bombay Exhibition Center, Mumbai.
Chemspec India aims to represent diverse sectors of the chemical industry such as Organic & Fine Chemicals, Active Pharmaceutical Ingredients (APIs), Drug Intermediates, Dyes & Pigments, Agrochemicals, Contract & Toll Manufacturing, Coatings, Cosmetic Chemicals / Ingredients, Pigments & Solvents, and much more.

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Die & Mould India International Exhibition 2020

22nd to 25th April at Bombay Exhibition Centre, Mumbai.

Die & Mould India International Exhibition aims to promote training and the diffusion of knowledge relating to standards in the manufacture of Tools and Gauges to improve the standards or the connected trade therewith or with allied industries and to impart relevant and appropriate training to all those engaged in the manufacture of tools and gauges, to promote and encourage improvements in tool room industries for greater efficiency, to enhance the contribution of tool room industry to the growth and development of the Indian National Economy and to encourage members to be progressive and etc.

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Roof India 2020

23rd to 25th April at BIEC Bengaluru International Exhibition Centre, Bengaluru.
Roof India provides the ideal platform for the building construction and infrastructure industry fraternity to converge, network and strike lucrative business deals and establish business partnerships & joint ventures. Pre-engineered Buildings/Factories, Airport modernization / new airports projects, Metro Rail, New Hotel / Resorts, IT Parks, Retail Malls, Hypermarkets, Multiplexes, Integrated Townships, etc are still buzzwords today in India’s booming Building Construction & Infrastructure industry.

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World Food India meet on Nov 1-4

Source: The Hindu Business Line, Jun 17, 2019

New Delhi: The World Food India event will be held during November 1-4 in the national capital as part of the government’s effort to boost investment into this growing sector, Food Processing Minister Harsimrat Kaur Badal said Monday.

This will be the second edition of World Food India, with first one held in 2017 that saw the participation of 61 countries and signing of MoUs worth $14 billion.

The World Food India 2019 will be held from November 1-4, 2019 in New Delhi and will position India as food processing destination of the World, Badal said in an official statement.

The grand event will be the biggest gathering of all global and domestic stakeholders in this sector, she said.

Over 300 exhibitors have confirmed participation in Aero India 2019 so far

Source: The Hindu Business Line, Dec 30, 2018

More than 300 exhibitors, including top global and domestic players from the defence industry, have confirmed their participation in Aero India 2019, a defence official said on Sunday.

Aero India 2019 will be held in Bengaluru from February 20 to 24 and the defence exhibition will see participation of top fighter-jet manufacturers, defence equipment makers and companies related to the sector.

All activities related to Aero India 2019 have been made online — be it booking of tickets or selection of space for stalls, the official said.

The participants can arrange business to business meetings and book conference rooms online.

With nearly 50 days to go for Aero India, we already have 308 exhibitors. They include 178 domestic and 130 foreign players. We have generated a revenue of Rs 62 crore from the bookings so far.

There will be no cheque transaction for Aero India as all payments have been made online. The arrangements correspond to the best practices in the world, the official added.

There will also be a mobile application for Aero India 2019 show that will guide the users about the event.

Tickets for business days , February 20, 21 and 22, will cost Rs 2,750 each. Tickets for general visitors will cost Rs 1,800. Rs 600 will be charged for air display. On-the-spot tickets will cost Rs 250 more, the official added.

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