INSIDE THIS ISSUE
   
   
   
  01 MAIN
   
   
  02 TRADE & ECONOMY
   
   
  03 INVESTMENT UPDATE
   
   
  04 NEWSMAKERS
   
   
  05 INFOTECH
   
   
  06 CULTURE
   
   
  07 TRAVEL
   
   
  08 CALENDAR
   

   
  HIGHLIGHTS
   
 

India as a new Medical Transcription hub
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  Textiles and Handicrafts
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  Goa
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  03. INVESTMENT UPDATE
   
 
  India's Amul soon in Australia, Japan
  The Amul Brand which is part of the Rs 3,600 crore Gujarat Cooperative Milk Marketing Federation (GCMMF), is looking at entering the Japanese and Australian market. Delegations from both countries visited GCMMF recently. Amul is expected to enter the two new markets as early as in the next few months.
 
 
The export of both processed food as well as value-added agricultural produce is likely to grow at a faster pace in the next five years, which will result in profits in bulk for the food processing industry of India. Milk production is expected to grow at an annual growth rate of five percent and should cross the target of 112 million tonne in the next few years.

Gujarat Co-operative Milk Marketing Federation Ltd(GCMMF) as India's largest food products marketing
  organisation with annual sales turnover of Rs.2881 crores(US $ 650 million). They manufacture and market a wide range of dairy products in India and abroad under the brand names of Amul and Sagar.

GCMMF has 19 affiliated dairy plants with a total milk handling capacity of 6.7 million litres per day. The total milkdrying capacity is 510 MT per day. GCMMF is also the largest exporter of dairy products from India.

They manufacture and market a wide range of dairy products in India and abroad under the brand names of Amul and Sagar. The product categories are Infant Milk Food, Skimmed Milk Powder, Full Cream Milk Powder, Dairy Whitener, Table Butter, Cheddar Cheese, Mozzarella Cheese, Emmental Cheese, Cheese Spreads, Gouda cheese, Ghee, Sweetened Condensed Milk, Chocolates, Malted Milk Food, Blended Breadspreads, Fresh milk, UHT(Long life) Milk, Ice-ream and ethnic Indian sweets. Each of our products is a market leader in India.
 

GCMMF is the largest exporter of dairy products from India. They export products in consumer packs and bulk to USA, Singapore, UAE, Australia, Bahrain, Qatar, Oman, Kuwait, Bangladesh, Madagascar, Yemen, Sri Lanka etc.

The Perspective 2010 plan of the Dairy Board maps the future of dairying in India, setting realistic goals for Strengthening Cooperative Business, Production Enhancement, Assuring Quality, and creating a Information and Development Research.

The plan was realized with the successful completion of the Operation Flood Programme and has been developed by the State Milk Marketing Federations and the Milk Producers' Cooperative Unions in consultations with the Dairy Board.

The Perspective 2010 goals and strategies to meet them have been drawn by its actual implementers - Federation and Unions and supported by NDDB.

           
     
  FDI inflow seen at US$ 10 billion this fiscal  
     
  Based on these trends, FDI inflows into the country would touch a figure of 10 billion dollar annually from fiscal 2006-07, Commerce and Industry Minister Kamal Nath said in a statement.

The government expects the Foreign Direct Investment (FDI) inflows during in the current fiscal to touch the US$ 10 billion mark annually. In 2005-06 inflows grew by 50 per cent to about 8.3 billion dollar against 5.5 billion dollar recorded last year. FDI in the equity alone stood at 5.13 billion dollar, highest ever FDI equity inflow in the country, he added.

The reinvested earnings and other capital for the year under review is estimated at 3.2 billion dollar.
FDI inflow for March 2006 was 831 million dollar, 200 per cent higher than the same month previous year.
 
     

     
  India's insurance sector to see 500 per cent growth: Assocham  
     
  Most of India's more than one billion people are uninsured, so that insurance companies would have to pay special attention to the rural and semi-urban segments, the study by the Associated Chambers of Commerce and Industry (Assocham) said.

India's insurance sector is poised for 500 per cent growth over the next four years and is likely to become a US$ 60 billion industry by 2010, said a study released There were immense opportunities for insurance companies to provide cover for the risks associated with a primarily agrarian economy, the study said. But the insurance companies would have to understand the requirements of India's villagers, their peculiar needs and occupational structures, it added. The study added that the urban sector insurance was estimated to reach 25 billion dollars by 2010, life insurance 15 billion and non- life insurance 10 billion dollars.

India has a cap of 26 per cent on foreign direct investment in the insurance sector.
 
     

 


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