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  03 INVESTMENT UPDATE
   
   
  04 FOREIGN POLICY
   
   
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06 CULTURE
   
   
  07 TRAVEL
   
   
  08 CALENDAR
   

   
  HIGHLIGHTS
   
 

India's Foreign Policy
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India – Australia Bilateral Highlights for First Quarter

The Premier of South Australia, Mr. Mike Rann, during his meeting with Shri Kamal Nath, Union Minister of Commerce and Industry, in March discussed various matters including the stepping up of bilateral trade and economic cooperation between the two countries.

Premier of South Australia meets Kamal Nath


The Premier of South Australia, Mr. Mike Rann, meeting with the Union Minister of Commerce and Industry, Shri Kamal Nath, in New Delhi on March 13, 2008.

The Premier of South Australia, Mr. Mike Rann, during his meeting with Shri Kamal Nath, Union Minister of Commerce and Industry, in March discussed various matters including the stepping up of bilateral trade and economic cooperation between the two countries. Both sides agreed that there is vast scope for increasing the bilateral trade, considering the untapped opportunities for exploiting the potential for growth.

The Premier has invited Shri Kamal Nath to visit Australia during May 2008 for the 11th India-Australia Joint Ministerial Commission. Both sides discussed about the market access – sending teams of experts to each other’s country to address quarantine, food safety, certification and standardization issues.

During the discussions, Shri Kamal Nath informed the Premier that FDI policies in India have been further liberalised and many new sectors have been opened recently and added that infrastructure sector in India is an opportunity for investment. Australia is ranked as the 18th largest source of foreign investments in India. The percentage share of total approvals for top sectors attractive investment into India from Australia has been in the areas of fuels (37.03%); metallurgical industries (33.81%); telecom (15.33%); transportation (2.96%) and chemicals – other than fertilisers – (2.91%).

In recent years, the bilateral trade shows a healthy growth trend and the total trade between India and Australia during 2006-07 was US $ 7932.79 million as compared to US $ 5769.14 million during 2005-06 showing a growth of 37.5%. Major items of India’s exports to Australia are: gems & jewellery, manufactures of metals, machinery & instruments, cotton yarn, fabrics, made-ups etc., while India’s imports from Australia are: gold, coal, coke & briquettes, Metalifers ores and metal scrap.

India - Australia commit for stronger scientific & technological ties

Union Minister for Science and Technology and Earth Sciences Mr. Kapil Sibal had  held discussions with Senator Kim Carr, Australian Minister for Innovation, Industry, Science and Research at Melbourne. Both Ministers agreed to step up scientific cooperation between the two countries.

Continued on Page 02

PSLV Successfully Launches Ten Satellites

In its thirteenth flight conducted from Satish Dhawan Space Centre (SDSC) SHAR, Sriharikota, on April 28, 2008, ISRO’s Polar Satellite Launch Vehicle, PSLV-C9, successfully launched the 690 kg Indian remote sensing satellite CARTOSAT-2A, the 83 kg Indian Mini Satellite (IMS-1) and eight nanosatellites for international customers into a 637 km polar Sun Synchronous Orbit (SSO). PSLV-C9 in its ‘core alone’ configuration launched ten satellites with a total weight of about 820kg.

After the final count down, PSLV-C9 lifted off from the second launch pad at SDSC SHAR, at 09:24 Hrs IST with the ignition of the core first stage. The important flight events included the separation of the first stage, ignition of the second stage, separation of the heatshield at about 125 km altitude after the vehicle had cleared the dense atmosphere, second stage separation, third stage ignition, third stage separation, fourth stage ignition and fourth stage cut-off.

The 690 kg main payload, CARTOSAT-2A, was the first satellite to be injected into orbit at 885 seconds after lift-off at an altitude of 637 km. About 45 seconds later, Indian Mini Satellite (IMS-1) was separated after which all the nano satellites were separated in sequence. The initial signals indicate normal health of the satellites.

Continued on page 05


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