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"Indulge your senses with 'The Business Tycoons: Food, Travel, and Tourism - 2021.' Explore delectable culinary delights, exciting travel destinations, and thriving tourism trends in this captivating magazine, a must-read for enthusiasts and industry players alike.
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November 2021 3 About Global India Business Forum President's Message 4 Chief Guest - Shri. Shrinivas Patil 5 A Pictorial Presentation 6 Business & Culture Council – Global India Business Forum 8 The Fern Residency - Hospitality Partner 9 Global India Business Forum Webinar Series 10 Embassy of The Kingdom of Morocco - H.E.Mohamed Maliki,Ambassador 11 Jaywant Sugars Ltd. 14 Overview of Pharmaceutical Sector 15 Mrs. Aditi Ramchandra Desai (Women Entrepreneur of the Year 18 Embassy of the Republic of Costa Rica H.E.Claudio Ansorena ,Ambassador 19 Overview of Infrastructure Sector 21 Embassy of the Republic of Azerbaijan - H.E.Dr.Ashraf Shikhaliyev, Ambassador 23 Mr.Kavitsu Robotronix -(Emerging Business Icon 27 102 Memorandum of Understanding - GIBF 28 29 Mr. Animesh Sarkar The Krishna Sahakari Bank Dr. Atul Suresh Bhosale (Promising Business of the year) 30 33 Overview of Textile Sector The Republic of Malawi 34 Top Gear Best MSME Company of the Year – Overview of Manufacturing Sector 36 Bilateral Economic Agreements 37 Mr.Prashant Jadhav - (Young Entrepreneur) 38 The Federal Republic of Nigeria - H.E.Mr.Ahmed Sule,High commissioner 40 Dr. Dilip Sonune (Animal Welfare Award) 41 Top Mergers and Acquisitions 43 Finix Nidhi Ltd. Kolhapur Miss. Sonali Sachin Patil (CMD) 44 kirushna Agrotech (Women Entrepreneur for Innovative Product-Jaggery 45 Garuda Aerospace Mr. Agnishwar Jayaprakash (Promising Business of the year)- 46 Mr.Vinayak More (Young Entrepreneur) 47 Sansam Electrical Systems 49 51 Global India Business Forum - Student Council 52 GIBF Event & Trade Fair
President’s Message The primary objective of the Global India Business Forum has always been to assist MSME entrepreneurs not only in India but throughout the world. Sangli, Satara, Karad, Kolhapur are the most important region for agriculture sector which includes sugar, textiles and also automated sector like casting of vehicles like two wheelers and four wheelers. These districts are considered to be the most important part of Maharashtra since it has the greatest number of MSME businesses. Global India Business Forum's aim is to highlight the opportunities in different countries and to help the Indian businessmen to track and expand their business globally. Indians often have knowledge about only few countries in general but there exists a lot more countries having huge opportunities for business. If we consider Africa, Ethiopia is the second largest country in terms of its population and economy. Talking about the Caribbean region, seventeen countries do have huge business opportunities in there. Indonesia and Egypt share a friendly bond with Global India Business Forum when it comes to businesses in these countries. So, this is when we step in and guide all the businessmen from MSME sectors of India to connect with these countries. To explain how MSME sector forms to be the backbone of any developed/developing country I would like to add that following the defeat in World War II, Germany was stripped of its gains. It still stood back on its feet and the reason being having its strong and capable MSME sector to fall back on. Global India Business Forum also had the opportunity to interact with the Cabinet Minister of MSME sector and Indian Politician Mr. Narayan Rane on how to expand this concept and to move forward with this cause to give tremendous business opportunity to Indian Businessmen nationally and internationally. The objective of this award function is to recognize businessmen who have fought against all odds of the pandemic and have emerged victorious. I would like to give my heartiest congratulations to all the winners for the exceptional work they've done all year. I would also like to encourage all businessmen to keep on working hard and keep up the great work! Dr. Jitendra Joshi Global President Global India Business Forum 4
CHIEF GUEST SHRI. SHRINIVAS PATIL Shri. Shriniwas Dadasaheb Patil is an Indian politician and ex-officer of the Indian Administrative Services (IAS). In October 2019, he was elected as Member of Lok Sabha from the Satara constituency from Maharashtra, India. He completed his education at S.P. College and Pune University in Pune and then Government Law College in Mumbai. He also holds an M.A. in Economics. He is a social worker, an agriculturist, a civil servant and an educator. He has been pivotal in solving various problems related to sugar industry, watershed management in the constituency, forest and wildlife conservation, town planning, guiding farmers regarding changing scenario in agriculture sector. He has lent his guidance and experience to students aspiring to be in the administrative services. He was the officer of Indian Administrative Services of 1979 batch. Thereafter he served as the collector of Beed district and Pune district. He has been deputy CEO of Maharashtra Industrial Development Corporation (MIDC). In 1999 he was elected to the Lok Sabha. Then between 1999-2004 he held various posts as member of Panel of Chairmen, Committee on Home Affairs, Committee on Petitions, Committee on Members of Parliament Local Area Development Scheme, General Purposes Committee, Joint Committee on Patents (Second Amendment) Bill, 1999, House Committee, Committee on Human Resource Development, Rules Committee, Committee on Science & Technology, Environment & Forests. In 2000 he was also elected as member to Consultative Committee, Ministry of Information Technology and served till 2004. He was re-elected for his 2nd term to Lok Sabha in 2004 and served on various committees till 2007. In 2013, he was appointed as Governor of Sikkim and served in that post till 2018. After that he was re-elected for his third term to the Lok Sabha from the Satara constituency in 2019. Other than this he also worked as Collector of Beed from 1987-88, Collector of Pune District between 1988-92. He also served as Commissioner of Pimpri Chinchwad Muncipal Corporation between 1992-95 He served as Chairman for the Nagpur Improvement Trust between 1996-99 the Pimpri, Chinchwad New Township Development Authority. He also served as Director of Sugar, Maharashtra; Dy. C.E.O., Maharashtra Industrial Development He has participated in various social and cultural activities too. He has been President of: (i) Organising Committee of 74th Akhil Bharatiya Marathi Sahitya Sammelan held at Karad in January 2003. (ii) Organising Committee of 84th Akhil Bharatiya Marathi Natya Sammelan held at Karad, January 2004. (iii) Balkumar Sahitya Sammelan 2005, held at Karad, January 2005. 5
RECEIVING THE CHIEF GUEST FELICITATING THE CHIEF GUEST SHRI. SHRINIVAS PATIL LAMP LIGHTING CEREMONY 6
RELAUNCHING OF WEBSITE SPEECH BY SHRI. SHRINIVAS PATIL RELIVE THE MOMENTS FROM THE AWARDS 7
Business & Cultural Council Business Council Global India Business Forum (GIBF) is proud to announce the launch of Business Councils between India and other countries. These councils will aim to create a network of businesses, businessmen, entrepreneurs, connect MSMEs across countries and create tie ups between chambers of commerce amongst these countries. These councils will not just be exclusive to the affiliated countries but will also part of the bigger network the GIBF aims to create. GIBF wants to create a network of businesses which will be beneficial not to those just involved but also to be a boost to the economies of their respective countries. GIBF hopes the formation of these councils will bring prosperity and strengthen relations between the countries and bring the world closer. OBJECTIVES: Ÿ To develop, nurture and promote business and cultural relations between countries. Ÿ To create business opportunities. Ÿ To promote businesses of all sizes across the countries. Ÿ To promote cultures, both cultural and historical and exchange ideas and values through this council. Ÿ To create a network of businesses and businessmen of any size and sector across the countries. AGENDA: Ÿ Global India Business Forum not only aims to promote and create a network of business and sectors but it also wants to promote the MSME sector and connect these sectors between the countries. Ÿ Create business opportunities and a network of businessmen across the sectors and countries. Ÿ Facilitate easy access for underdeveloped and developing countries and provide them with a platform to explore opportunities across countries. Ÿ To hold seminars, webinars, award ceremonies for exchanging information, speaking about business opportunities and felicitating those who have excelled in their fields and deserve recognition and features in 'The Business Tycoons' magazine. Ÿ Provide opportunities to explore various business opportunities across segments and sectors. Ÿ Create a network of businessmen and have prominent businessmen as part of this council. Ÿ Export/Import: identifying opportunities. Ÿ Authentication of paperwork for Exim activities between countries. Ÿ Provide only authentic and genuine business opportunities through GIBF. Ÿ Provide logistical support when and if needed. Ÿ Create tie-ups amongst chambers of commerce and have businessmen as part of this council. Ÿ Promoting businesswomen, start-ups, sectors, entrepreneurs through our 'The Business Tycoons' magazine. Ÿ Facilitate cultural exchanges in the form of music, dance, history, artifacts, exhibitions, expos and even through online mediums. Ÿ Create opportunities for student exchanges, training courses according to needs of the countries, social or CSR activities to boost relations between countries. Ÿ Expert connect programs to share experiences of top businessmen, industrialists and leading members of their sectors. Ÿ Promoting culture through business and creating a business culture between the countries. 8
The Fern Residency The Fern Residency Karad, A Unit Of Aditya Hotels & Hospitalities Pvt. Ltd, welcomes you with: Ÿ 42 modern contemporary accommodations including suites Ÿ Thoughtful amenities. Ÿ A finely designed multi-cuisine restaurant. Ÿ An authentic Indian restaurant. Ÿ Biker's themed bar. Ÿ Swimming pool. Ÿ Spacious banquet halls. Ÿ A multi-purpose 10000sq ft wedding hall and a beautiful lush green 25000sq ft lawn. Ÿ A modern equipped Gym with semi-Olympic swimming pool. The hotel is surrounded by beautifully manicured grounds, huge parking space with an excellent location and easy access to the city centre and major sightseeing attractions. 9
Business Opportunities in Nigeria Date: 8 January 2021 th Global India Business Form had conducted a webinar on the topic “Business Opportunities in Nigeria” on January 8, 2021. Some of the most panelists that graced this webinar with their presence were H.H. Ismail Ayo Alatise, Minister/Acting Head of Mission, Nigeria High Commission, Dr. Parmeet Singh Chadha, President, World Sikh Chamber of Commerce, Mr. Sukhdeep Gill, Executive Director, Punjabi Chamber of Commerce and Dr. Jitendra Joshi, Global President, Global India Business Forum. Dr. Ashutosh Misal, Corporate Trainer and Life Member, Global India Business Forum was the host of the webinar. His Highness Mr. Ismail Ayo Alatise shared his views about the long-standing diplomatic relationship between Nigeria and India. He also shed light on the possible business opportunities in Nigeria including investment opportunities that could help not only Nigeria in growing as a country but will also help other interested countries in growing as well. Business opportunities in Azerbaijan th Date: 20 September 2021 On 4th September, 2021 Global India Business Forum (GIBF) continued its International Webinar Series on Global Business Opportunities. Hosted by Mr. Rajeev Khade of GIBF, this webinar was about business opportunities in the Republic of Azerbaijan. Our guests on the webinar were H.E. Dr. Ashraf Shikhaliyev, Ambassador of the Republic of Azerbaijan to India and Mr. Valeh Alasgarov, Chairman of the board of Directors Alat Free Economic Zone Authority. These two distinguished guests spoke about the various business opportunities in Azerbaijan and shed light on the new Alat Free Economic Zone which is going to open new opportunities for foreign investments and broaden the economic horizons not just of Azerbaijan but also of those who will be joining hands with them. 10
Morocco H.E. Mr. Mohammed Maliki, Ambassador (Embassy of the Kingdom of the Morocco) H.E. Mr. Mohammed Maliki, is the current ambassador of the Moroccan embassy to the countries of India, Nepal, Bhutan, Maldives and Sri Lanka and has been serving since 2016. He was born in Rissani, Tafilaat, Morocco on 18th March, 1965. He has a B.A. in English Literature and an Advanced Studies Diploma (DEA) from Fez, Morocco. He has done Training-Strategic Studies in Rabat and a Diploma on “Diplomatic Studies” from the “Pakistan Foreign Service Academy”, Islamabad. He is fluent in Arabic, French and English. H.E. Mr. Mohammed Maliki was appointed as 1st Secretary of Foreign Affairs, in charge of the Technical Cooperation with African countries at African Affairs Directorate between 1989-1994. After that he served as Deputy Ambassador at the Moroccan Embassy in Yaoundé, Cameroon from 1994 till 2000. He then held various positions in the Ministry of Foreign Affairs and Cooperation of Morocco (MAEC) from 2001 until he was appointed as Director of Asia and Oceania Affairs Directorate, MAEC in 2011 and held the post till 2016. “Not only a brand, but a right business hub where to be” With a history of more than twelve centuries as a State-Nation, Morocco has become a very solid and stable country. Thanks to its strategic location at the crossroad of Africa, Europe and the Arab world, to its political and economic stability in a world full of challenges, Morocco enjoys the trust of foreigners from all over the globe who consider the Kingdom as a safe place to visit, to live in, where to do business and to invest. Global India Business forum is proud to associate with and offer honorary Membership to The Ambassador of Embassy of Morocco H.E. Mr. Mohammed Maliki. According to the recent “World Bank Ease of Doing Business report”, Morocco has moved from the rank 60th to the 53th and the objective of the Moroccan Government is to be among the top 50 economies in the world. 11
Recently, Morocco launched its national brand for investment and export promotion in order to create visibility and enhance attractiveness with a distinctive value proposition. This brand is called “Morocco Now”. “Morocco Now” is defined as the future proof platform to invest and export to the world. This definition is based on 4 main assets, which are: Sustainable, Competitive, Agile and Well Proven. Adding these advantages to the unique access to a market of 1 billion consumers – facilitated by the Kingdom's strategic location – is placing Morocco on the top list of the world's most competitive investment destinations The “Agile” Morocco Morocco – its economy, its business community and environment as well as its workforce – has the capacity to quickly adapt to new situation as demonstrated during the Covid-19 pandemic while industrial capacities quickly shifted to health equipment. The best rolling out of the anti-Covid vaccination is also one of the amazing examples of the Moroccan agility. The “Sustainable” Morocco This refers to a green production system and a solid resilient ground. Morocco offers low carbon productions, based on pioneer investments in renewable energies. Since 2009, massive investments in Renewable Energies have been made in Morocco which makes the Kingdom as 1st producer of renewable energies in Africa with a 4GW of installed capacity in 2021. The country covers already 37% of its installed electricity capacity with renewable energies in 2020 and targets 52% by 2030. This agility – which is in the DNA of Moroccans – can be seen in dynamic, competitive and qualified labor force. The authorities have worked on educating, developing and making available top quality human resources in the Kingdom. This avant-garde renewable plan, positions Morocco as one of the most competitive low-carbon platforms in the globe with world class infrastructure in solar, wind and Hydro. Moreover, producing in Morocco for European Union (EU), United States of America (USA), Africa or United Kingdom (UK) minimizes carbon footprint due to reduced distances. As an illustration, RENAULT Tangier – the biggest automotive plant in Africa, manufacturing 400,000 cars a year – is a great example of a zero-emission factory. The “Competitive” Morocco Morocco is one of the most attractive platforms in the world combining low costs with a world-class infrastructure, a young and qualified workforce, and an investors' supportive framework. As part of a strong vision, Morocco was since long committed to free trade and signed up to many Free Trade Agreements giving access to more than 50 countries in Europe, USA, UK and Africa markets. Morocco is one of only 8 countries with duty free access to the USA, EU+UK, and it is the only one in Africa. Morocco is also an ideal export platform to serve Europe and USA. Europe is only 14 kms away from the Kingdom allowing delivery in 1 to 2 days and North America and UAE are at 7 hours flight only. 12
The “Well Proven” Morocco Moreover, Morocco has emerged as a prime aeronautics platform with an annual growth rate of 20% over the last years with a 38% rate of local integration. This is referring to a successful track record illustrated by emblematic examples such as the Moroccan Tangier-Med port which is the largest trans-shipment port in the Mediterranean and in Africa – with a 9 million containers capacity – allowing companies to address 186 ports in 77 countries. The country is ranked among the world's most dynamic aeronautics and aerospace ecosystems with a diversified and highly integrated supply chain including aeronautic equipment, aero- structures and engine parts, machining, electrical wiring, special processes, sheet metal works and engineering. The other big achievement is that Morocco joined, since November 2018, the high speed club – the club of countries having the High Speed Trains. Today, Morocco is the first Arab and African country to have this world class railway's infrastructure and equipment, used by more than 3 million passengers. Top Original Equipment Manufacturers (OEM) such as Airbus, Boeing, Pilatus, Embraer, Sukhoi and Comac are using parts produced in Morocco and many key industry players have built successful long-term partnerships in the kingdom like Spirit AeroSystems, SABCA, Safran, Stelia, Collins Aerospace, Daher, Hexcel and Eaton. The Well Proven asset can also be seen in the success stories of the fastest growing clusters in Morocco such as automotive and aeronautics. In a fast-changing world economy where companies are facing new kind of challenges due to the global value chains reorganization and climate emergency, Morocco emerges as the agile and well-prepared decarbonized production platform open to the world. “NOW” is the right time for investors to join the attractive and competitive hub and platform in the world which is Morocco. It is indeed the right time for the business communities, the Indian one in particular, to experience Morocco which is definitely a stable and trusted gateway to more than 1 billion consumers in Africa, Europe, UK and USA. Nowadays, number of Indian businessmen and companies are aware of the benefit of investing in Morocco and consider it as a safe place to invest keeping in mind the great progress that the kingdom has made during the last two decades. The Moroccan auto sector has experienced phenomenal growth +30% since 2011. This momentum was primarily driven by some big world players that have chosen Morocco as a base such as RENAULT followed by STELLANTIS. Today, with 250 automotive companies already operational in the kingdom covering the whole value chain, Morocco's automotive sector has an installed capacity procuring 700,000 cars which places the Kingdom as TOP1 in Africa. Nowadays, RENAULT NISSAN exports from Morocco to More than 70 countries and STELLANTIS started production with a local content of 60%. Official figures put Morocco's auto export production at USD 8,3 billion. The country becomes the 2nd exporter to the EU of new vehicles. 13
Jaywant Sugars Ltd Established in the year 2006. Jaywant Sugars Ltd (JSL) is an agribusiness & bio-energy corporation founded by Dr.Suresh Jaywantrao Bhosale and his Son Dr.Atul Suresh Bhosale. JSL with its Unique Product Proposition now aims to be a leading global player. Engineering excellence and a strong pioneering spirit continues to be the philosophy of Jaywant Sugars Ltd. JSL has always been giving top-notch performances i.e., highest standards of technical efficiency, mill efficiency of the highest order, achieving the lowest sugar losses and best financial performance. Milestones of the company: > Registered with the RoC- 5th January 2006. > Sugar division first trail crushing season started in 2010-11 on 22-d Oct. 2010. > Expansion cum modification of sugar division with 0 MGW Co-gen which improves capacity from 1250 TCD to 2500 TCD-SS 2014-15. > Stabilization of sugar plant from 2500 TCD to 4000 TCD- in SS 2016-17. > Distillery Division - 45KLPD distillery division's commercial production started 5th April 2019. Achievements & Recognition: Under the tutelage and guidance from the President & Managing Director Mr. C. N. Deshpande, JSL has achieved various awards in sugar industry mentioning few below > Best Technical Performance in SS2016-17 by Vasantdada Sugar Institute, Pune. > Best Technical and financial management for SS 2017-18 by Vasantdada Sugar Institute, Pune > Best Overall performance award for SS 2017-18 by Bhartiya Sugar, Pune. > Best Technical Performance award in SS 2016-17 by Bhartiya Sugar, Pune. > Best Steam Boiler performance award for SS 2019-20 at 3rd rank by Govt. of Maharashtra, Labor Department, Directorate of Steam Boiler. > Brand Of the Year (Sugar Sector) in International Business excellence Award 2021 by Global India Business Forum. Current Business Operations: They are now aiming to achieve onto crushing during the ongoing season 2021-2022 around 4,000 TCD. The company has target of crushing 7,50,000 MT cane for the current season and has already commenced the activity from 1st of November 2021.With its newly installed 45 KLPD Distillery project on 5th of April 2019 they have started their commercial production. They now target to produce and sell 165.00 lakh litres of spirit/ethanol in the financial year 2021-2022. For their remarkable performance and for their best practices JSL has been certified by ISO 9001:2015 and FSSC 2200 certificates from TUV SUD South Asia Pvt Ltd Mumbai 14
Pharmaceutical Sector Ÿ Indian pharmaceutical companies currently supply over 80% of the antiretroviral medications needed to combat AIDS (Acquired Immune Deficiency Syndrome) around the world. Ÿ The Indian pharmaceutical industry supplies more than half of global demand for vaccines, 40% of generic demand in the United States, and 25% of all pharmaceuticals in the United Kingdom. Ÿ India is the world's third-largest producer of pharmaceuticals by volume and the fourteenth-largest by value. With and robust network of 3,000 pharmaceutical businesses and 10,500 production units, the country has a well-established domestic pharmaceutical sector. Ÿ Pharma sector currently contributes around 1.72% of the country's GDP. Ÿ The pharmaceutical industry contributes significantly to India's economic growth, accounting for 1.7 percent of the country's GDP last year, up from one percent a decade before. Ÿ India is the world's third largest API market, with an 8% share of the global API industry, 500+ different APIs manufactured in India, and it contributes 57 percent of APIs to the WHO's prequalified list. Ÿ India's more than 18% rise in pharmaceutical exports during 2020-21 demonstrates the sector's resilience to numerous economic shocks. Global Import - Export Ÿ India’s drugs and pharmaceuticals exports stood at US$ 24.44 billion in Fy21. India is the 12th largest exporter of medical goods in the world. Ÿ The country’s pharmaceutical sector contributes 6.6% to the total merchandise exports. As of May 2021, India supplied a total of 586.4 lakh COVID-19 vaccines, comprising grants (81.3 lakh), Ÿ Commercial exports (339.7 lakh) and exports under the COVAX platform (165.5 lakh), to 71 countries. 15
Ÿ Indian drugs are exported to more than 200 countries in the world, with US being the key market. Ÿ Generic drugs account for 20% of the global export in terms of volume, making the country the largest provider of generic medicines globally. Ÿ India’s drugs and pharmaceuticals exports stood at US$ 3.76 billion between April 2021 and May 2021. The foreign direct investment (FDI) inflow in the Indian drugs and pharmaceuticals sector stood at US$ 18.12 billion between April 2000 and June 2021. R&D Investment by Indian Pharma (% of Sales) In financial year 2018, the investments in research and development by the leading ten Indian pharmaceutical companies amounted to around 8.5 percent of their total sales. This was estimated to drop to 8.4 percent in financial year 2020 India's biotechnology industry comprising biopharmaceuticals, bio- services, bio-agriculture, b i o - i n d u s t r y, a n d bioinformatics. The Indian biotechnology industry was valued at US$ 64 billion in 2019 and is expected to reach US$ 150 billion by 2025 India's medical devices market stood at US$ 10.36 billion in FY20. The market is expected to increase at a CAGR of 37% from 2020 to 2025 to reach US$ 50 billion. According to the Indian Economic Survey 2021, the domestic market is expected to grow 3x in the next decade. India's domestic pharmaceutical market is estimated at US$ 42 billion in 2021 and likely to reach US$ 65 billion by 2024 and further expand to reach ~US$ 120-130 billion by 2030 16
Forecasting Government Initiatives : Ÿ In August 2021, an additional number of pharmaceutical companies in India are expected to commence manufacturing of anti-coronavirus vaccines. An additional outlay of Rs. 197,000 crore (US $26,578.3 million) will be utilised over five years for the pharmaceutical PLI scheme. Ÿ The government has launched a scheme to promote domestic manufacturing of pharmaceuticals. The scheme aims to set up greenfield plants with minimum domestic value addition in four separate 'Target Segments' with a cumulative outlay of Rs. 6,940 crore (US$ 951.27 million) over the next five years. Ÿ In May 2021, under Atmanirbhar Bharat 3.0, Mission COVID Suraksha was announced by the Government of India to accelerate development and production of indigenous COVID vaccines. To augment the capacity of indigenous production of Covaxin under the mission, the Department of Biotechnology provided financial support. Ÿ A pharma park has been proposed at Bathinda, spread across ~1,300 acres area and project worth Rs. 1,800 crore (US$ 245.58 million). In April 2021, the Union Government decided to fast- track the regulatory system for COVID-19 vaccines. Ÿ The Ministry of Health and Family Welfare has been given Rs. 73,932 crore (US$ 10.35 billion) in the Union Budget 2021-22, while the Department of Health Research has been given Rs. 2,663 crore (US$ 365.68 billion). Ÿ The 'National Health Mission' was given a budget of Rs. 37,130 crore (US$ 5.10 billion) by the government. Over the course of six years, the PM Aatmanirbhar Swasth Bharat Yojana will receive Rs. 64,180 crore (US$ 8.80 billion). The Ministry of AYUSH has been given a budget of Rs. 2,970 crore (US$ 407.84 million), up from Rs. 2,122 crore (US$ 291.39 million) previously. 17
Mrs. Aditi Ramchandra Desai (Women Entrepreneur of the Year) Among the other products the main product is Alphonso Mango Titbits with Alphonso Mango pulp. This new product is appreciated by the customers from USA, Singapore, Australia, Canada, New Zealand, Ukraine and so on. The natural color of the Western Alphonso Mangoes i.e., GOLDEN YELLOW makes the pulp more colorful with the natural characteristics of Western Alphonso make the pulp unique. The delicacy of the produce is greatly savoured not just by Indians, but the entire world. Apart from being market leaders in its category in India, the Desai's export its produce to countries like Japan, USA, Singapore amongst others. Desai Products also manufactures products from different fruits like Kokam (Garcinia Indicum), Jackfruit, Amla and export to different countries and throughout India. Mrs. Aditi Ramchandra Desai, a B.Com from Pune. In February 2000 she got married with Shri. Ramchandra alias Amar Jayant Desai and her journey with Alphonso Mango began. She started looking into the business. Mrs. Desai liked to meet people, so she decided to start marketing of the products manufactured by The LEGACY Brand DESAI BANDHU AMBEWALE. The Alphonso mango produced in this region is widely known as WESTERN ALPHONSO MANGO. India as you know, shares the honour and distinction of being the largest producer of the 'Alphonso Mango', in other words the supremo of all Mangoes. In the Indian sub- continent, the Alphonso is only cultivated on the western coastal ranges in India, popularly known as the 'Konkan Belt' also called the 'California' of India. In the heart of Konkan, lies Pawas, Ratnagiri, Maharashtra a town that boasts of natural organic soil and the sea breeze, making it the most ideal environment for Alphonso Mango production. We proudly announce that The Mangoes Grown in that region will be called as ALPHONSO MANGO. They have received Geographical Indication for ALPHONSO MANGO. Desai Bandhu Ambewale, a name synonymous with Mango and Mango cultivation for over 10 decades. Now, they preserve this natural heritage and are growing it with every passing day. The business has been started by Shri. Raghunath Desai, developed and grown by Shri. Jayant Desai. Following his steps, they are proud to tell that their farms are well maintained in the hands of Mr. Anand Desa. The production and processing of mangoes are under Mr. Amar Desai. Their firm as well as Mango orchid has bagged many prizes in All India Mango Show. 18
Costa Rica H.E. Mr. CLAUDIO ANSORENA, Ph.D., has been the ambassador of Costa Rica to India from June 2019. Before that he served as a consultant for the IADB Costa Rica on Public Investment in Cota Rica from 2017-2018. He boasts and impressive educational background with a B.S., in Economics in 1983 from Universidad Nacional de Costa Rica, M.S. in Economics completed in 1986 from the University of Massachusetts at Amherst, Massachusetts. Finally completing his Ph.D., in Economics in 1994 from University of Massachusetts at Amherst, Massachusetts with an emphasis on Macroeconomics, Political Economy, Development, International Trade and Finance. He has also been a visiting Fellow to Harvard between 1987-1989. He is also a Fullbright Scholar and he has specialized in studies in project evaluation, economic planning and macroeconomics in in developing countries from Harvard University. He also has completed Project Management courses with ADN University. H.E. Mr. CLAUDIO ANSORENA Ambassador (Embassy of the Republic of Costa Rica) Global India Business forum is proud to associate with and offer Honorary Membership to The Ambassador of Embassy of Costa Rica H.E. Mr. Claudio Ansorena. A peaceful democracy with a strong commitment to environmental protection In 2021, Costa Rica commemorated 73 years without an army and 200 years of independence. The abolition of the military on Dec 1, 1948, along with progressive social policies such as free, compulsory public education and decisive public investment on health and education, have led Costa Rica to become a prosperous and stable democracy, prioritizing human development, well-being and environmental protection. Costa Rica is a frontrunner on renewable energy, with almost 100% of the country's electricity coming from renewable sources at present. It is also committed to reaching net zero-carbon emissions by 2050. 19
Business Investment Opportunities: One of the most visited international Destinations Costa Rica is an attractive country for investment and offers great potential for the establishment of important multinational companies, thanks to the outstanding academic level of its population, as well as the high standard of modern services and its social and political stability. Its business-friendly environment, close proximity to the USA, and a large bilingual population make it a 'business- friendly' country. It has a GDP of US $61.7 billion dollars and is currently ranked as the #1 per capita exporter of knowledge-intensive & IT services in Latin America. It is known as the 'silicon industry' of Central America, providing an ideal services platform for the IT sector. Another relevant area for investment is related to life sciences and the pharmaceuticals as the market for generic medicines and biosimilars is currently at $87.29 billion and growing at a rate of 9% per annum. There are bountiful opportunities in logistics and supply chain management as well, as Costa Rica has a robust network of free trade agreements that provides preferential access to 2.8 billion people and 75% of the world's GDP, including the USA and China. One of Costa Rica's main sources of income is tourism. Because of its location, warm weather predominates, but many different microclimates are found throughout the country. Its landscape is very diverse, with lush vegetation and stunning displays of flora and fauna, characterized by exotic jungles, beaches, and a wide array of terrains and climate zones. It is also a prime destination for adventure sports such as surfing, rafting and hiking. Although the country is small and it covers only 0.03 percent of the surface of the globe, it proudly shelters 5 percent of the existing biodiversity in the entire world. 26% of the country is dedicated to protected areas and national parks. Bilateral Trade Agreements Between India & Costa Rica: India & Costa Rica enjoy a warm relation that is being strengthened by the growing commercial engagement between the two countries. Several bilateral agreements and MOUs have been signed to date including, among others, an MOU on Regular Foreign Office Consultations signed in 2008, an MOU for setting up the centre of Excellence in Information Technology (CEIT) in Costa Rica (2009), and an MOU on Technical Cooperation (2015). As the relations between India & Costa Rica keep growing stronger, there is a significant potential for investment and trade which the Indian investors and entrepreneurs can take immense advantage of. 20
OVERVIEW ON INFRASTRUCTURE INDUSTRY Global infrastructure industry contribute 2.99% to global gdp in 2020 whereas,in 2018 the global infrastructure was 13% of of world gdp which is around $10 trillion around 3.3 billions of employment of world was only in infracture industry , Before the pandemic, the construction sector accounted for around 7.7 per cent of global employment,which remains in pandemic 1.4 billions only A Brief on Important Sub-sectors in Infrastructure Industry India is the 3rd Leading Country in Infrastructure Industry, it plans to spend $1.4 trillion on Infrastructure project through National infrastructure Pipeline. The Indian Infrastructure Industry Employs over 30 million people and trade assets worth Rs.200 billion. It contribute more than 5% to the India's GDP and 78% to gross capital formation. The Infrastructure primarily comprises of Electricty, roads, telecommunications, railways, irrigation, water supply, and sanitation, ports and airports, storing facilities, oil and Gas pipeline. Highway construction in India increased at a CAGR of 21.44% between FY16-FY19. In FY19, 10,855 kms of highways were constructed. The Government of India aims to construct 65,000 kms of national highways at a cost of Rs. 5.35 lakh crore (US$ 741.51 billion) by 2022. In May 2021, Minister for Road Transport & Highways and Micro, Small and Medium Enterprises, Mr. Nitin Gadkari stated that the government is giving utmost priority to infrastructure development and has set a target of road construction of worth Rs.15 lakh crore (US$ 206 billion) in the next two years Performance of eight core infrastructure industries Ÿ The eight core infrastructure industries include coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity. Ÿ In March 2021, the combined index of eight core industries stood at 122.5. Ÿ In October 2020, NITI Aayog and Quality Council of India (QCI) launched the 'National Program and Project Management Policy Framework' (NPMPF), envisaged to bring radical reforms in the way infrastructure projects are executed in India. Ÿ On September 23, 2020, National Thermal Power Corporation Ltd. Ÿ (NTPC) announced plans to establish industrial parks inside its power projects and has invited Expression of Interests (EOIs) from Indian firms. infrastructure projects are executed in India. power projects and has invited Expression of Interests (EOIs) from Indian firms. 21
Ÿ The government has given a massive push to the infrastructure sector by allocating Rs. 233,083 crore (US$ 32.02 billion) for the transport sector. Ÿ IT and Telecom sector has been allocated Rs. 53,108 crore (US$ 7.30 billion). Ÿ Indian railways received Rs. 1,10,055 crore (US$ 15.09 billion), of which Rs. 1,07,100 crore (US$ 14.69 billion) is for capital expenditure. Ÿ Rs. 1,18,101 crore (US$ 16.20 billion) has been allocated towards road transport and highway. Ÿ In Budget 2021, the government announced the following interventions under Pradhan Mantri Aatmanirbhar Swasth Bharat Yojana (PMANSY): Ÿ An outlay of Rs. 64,180 crore (US$ 8.80 billion) over six years to strengthen the existing 'National Health Mission' by developing capacities of primary, secondary & tertiary care and healthcare systems & institutions to detect and cure new and emerging diseases. Ÿ This scheme will strengthen 17,000 rural and 11,000 urban health and wellness centres. Ÿ Setting up integrated public health labs in all districts and 3,382 block public health units in 11 states. Ÿ Establishing critical care hospital blocks in 602 districts and 12 central institutions. Ÿ Strengthening the NCDC (National Centre for Disease Control) to have five regional branches and 20 metropolitan health surveillance units. Ÿ Expanding integrated health information portal to all states/UTs. Ÿ Rolling out the pneumococcal vaccine, a 'Made in India' product, across the country. Rs. 35,000 crore (US$ 4.80 billion) has been allocated for COVID-19 vaccines in FY22. Ÿ The government announced Rs. 18,998 crore (US$ 2.61 billion) for metro projects. Ÿ Mega Investment Textiles Parks (MITRA) scheme was launched to establish world- class infrastructure in the textile sector and establish seven textile parks over three years. Ÿ The government announced Rs. 305,984 crore (US$ 42 billion) over the next five years for a revamped, reforms-based and result-linked new power distribution sector scheme 22
Azerbaijan AMBASSADOR PROFILE: Born on 26 March 1961 in Baku, Azerbaijan, H.E. Mr. Ashraf Farhad Shikhaliyev has occupied the post of Director for the Azerbaijan International Development Agency (AIDA), Ministry of Foreign Affairs since 2011. Before that he was appointed as Director for the Department of Economic Cooperation and Development, Ministry of Foreign Affairs from 2010 to 2011. He has a degree as an Engineer in Oil Production from the Azerbaijan Institute of Oil and Chemistry. He then pursued as PhD in Water Desalination Methods, Azerbaijan from the Institute of Civil Engineering in Azerbaijan. He then completed and MBA programmed in Economics in the St. John's University in New York, USA. H.E. Mr. Shikhaliyev has a Master's Degree in Organization and Management from Sumagyit University. He has completed another Master's Programme in Project Management in George Washington University in USA. He began his career as an engineer in the Oil Production Department of the Azerbaijan Research Institute for Oil in 1982 and continued working there till 1986, post which he was working as a Junior Scientific Researcher for the same organisation from 1986-1988. He his first appointment in the Ministry of Foreign Affairs was as Second Secretary in the Department of International Economic Relations between 1993 and 1995 after which he became the First Secretary for the aforementioned department and served till 1999. In 1999 he was appointed as First Secretary H.E. Mr. Ashraf Farhad Shikhaliyev Ambassador (Embassy of the Republic of Azerbaijan) and then since April 2003- Counsellor, Permanent Mission of Azerbaijan to the United Nations, New York, USA. Later in 2003 he was brought back to the Ministry of Foreign Affairs as Head of Division to the Deparment of Economic Cooperation and Economic Affairs till 2004 and then was appointed as Deputy Director for the same department till 2005 and then as Director till 2006. After that he was appointed as Counsellor in the Embassy of Azerbaijan to the USA in Washington, DC. He served in this position between 2006-2010. H.E Mr. Shikhaliyev speaks English, Russian, Turkish and French to add to his impressive profile. Global India Business forum is proud to felicitate The Ambassador of Embassy of The Republic of Azerbaijan H.E. Dr. Ashraf Shikhaliyev with our honorary Membership. 23
BUSINESS OPPORTUNITIES IN AZERBAIJAN: Azerbaijan Export and Investment Promotion Fund (AZPROMO) is a joint public–private enterprise established by the Ministry of Economy of Azerbaijan in 2003. The main purpose of the Fund is to promote the development of the country's economy by attracting foreign investment and encouraging exports to the non-oil region. Under the AZPROMO Azerbaijan is inviting investment opportunities in Agriculture, Food Precessing, Tourism, ICT, Heavy Industry, Waste Management, Light Industry Machinery, Chemicals, Renewable Energy, Constructions and Pharmaceuticals. Azerbaijan has created the Alat Free Economic Zone (AFEZ) to attract national and foreign investment. Phase 1 of the AFEZ will commence in July 2022. Azerbaijan will promote AFEZ and invites investors to come and expand their horizons into the country of Azerbaijan. A small excerpt from a statement by Mr. Valeh Alasgarov, Chairman Alat FEZ Authority, issued in August, 2020. “And now it is time to share with you our vision for Alat Free Economic Zone (AFEZ), the strategic intent in developing AFEZ, the type of investors it will attract and why they will choose to locate there and the economic benefits that will flow from this for our investors, our country and our people. Strategic Context: Why AFEZ? Strategic Intent: What will AFEZ do? Our President's vision has set Azerbaijan firmly on the road towards a knowledge-based and internationally competitive economy, where Azerbaijan will: It is time to turn the concept of AFEZ into reality. To do this AFEZ Authority will focus on and meet the needs of investors by delivering a world class place to do business with a: Ÿ Become a competitive participant in international economic relations, Ÿ Establish a world class business environment with energy, transport, transit and logistical infrastructure, Ÿ Become a diversified and export-oriented economy creating high added-value, Ÿ Further strengthen the role of non-oil sector in the economy. AFEZ Authority is a central player in transforming this vision into reality. Ÿ Strategic geographic location next to global transport corridors, using multi-modal transport connections to create a sustainable regional advantage based on a regulatory, operating and business environment that is investor-friendly and an investor-friendly attitude practiced each and every day by each and every staff member. AFEZ is being established next to the Port of Baku. This strategic geographic location will serve as a regional investment hub and boost competitiveness in the Europe-Cauca- sus-Asia and North-South transport corridors. It will intensify local and foreign investment in the country's non-oil sector. 24
Most important of all is our investor-centric mind set and approach. We will be selective and careful in our application of this approach to investors. At the same time, we will select and meet investor needs in a way which adds value for the economy and the people of Azerbaijan. This means that AFEZ will serve the needs of national and foreign investors who will: Ÿ Engage in high value-added and export-oriented manufacturing and services, Ÿ Generate additional value to the economy in non-oil sectors of activity, Ÿ Engage in internationally traded activities using innovative technologies and approaches to work. To ensure this vision is brought to reality the President of the Republic of Azerbaijan has given full backing to the development of the AFEZ as a world class investment location and key facilitator of future developments. The task of planning, developing and managing the AFEZ has been entrusted to the AFEZ Authority which has been established for this purpose Additional benefits Ÿ Trade facilitation-based customs regime, Ÿ Investor property is immune from nationalization or other restrictions, Ÿ No restrictions on foreign currency or profit repatriation, Ÿ Voluntary participation in state social protection fund for foreign employees, Ÿ Ease of access to visas for foreign nationals, Ÿ On-site one-stop shop business centre for appraisal and licensing, Ÿ Industrial training centre, Ÿ Independent regulatory authority, Ÿ International standard independent dispute resolution, Ÿ International standard health, safety, labour and environmental regulations, Ÿ Full investor protection, Ÿ Full protection of intellectual property rights. We have two goals, both of which are crucial. First, we want to create the best possible environment for investors, so that they have all they need to successfully do business in AFEZ. Second, we want to show the people of Azerbaijan what the transition to an internationally competitive and knowledge-based economy means in practice. We are doing this for generations of people of Azerbaijan so that they learn and practice a new business culture, work with new technologies and generate innovative enterprises to create real value for the economy and the people of Azerbaijan”. 25
Kavitsu Robotronix (Emerging Business Icon) Mr. Kaustubh Phadtare, M.D.of Kavitsu Robotronix has had an interesting and inspiring business trajectory. Since he was a child, he saw his father work with machines. As he grew older, the dream to work with these became his passion. He pursued Engineering in instrumentation and Control and completed his B.Tech from Vishwakarma Institute of Technology, Pune. Further he pursued Masters in Robotics from Newcastle University, UK. Where his project with ABB robotics which included giving a vision to a robotic manipulator was very well received. Kavitsu as a brand was previously well known in the Gearbox industry. Slew bearings was a relatively new field. Their journey with slew bearings began when his father saw a rotating gear in Voltas. At that time, slew bearings was a niche market and everything was either imported from Germany or China. They discussed this and decided to Make it in India. That's how Kavitsu Robotronix was incepted. They did numerous tests and R&D and launched it in the Indian market. It was well received by the businesses as they were extremely competent and delivery times were relatively on the lower side as compared with other counterparts. They proudly say that they are counted amongst India's leading manufacturer and exporter of slew bearings. USP of Kavitsu is “Faster delivery periods, extremely competitive pricing and quick turnaround time for services”.The main USP is that they provide high quality repair and refurbishment services for damaged slew bearings, which currently no one in India provides. Their mission is to cater to the domestic market, while reducing the burden of imports. They follow our Honorary Prime Minister Mr. Narendra Modi's concept of Make in India. Knowing their customer helps them a lot in getting business. Networking is important as they focused on social media for brand awareness. Not only this, Kavitsu strongly believes in Quality over Quantity. A happy customer can get you 10 new customers, but a sad and unhappy customer can reduce that number in 100's, Customer satisfaction should be a priority said, Mr.Phadtare. With his business acumen and ideal life philosophies, Kaustubh Phadtare, is indeed a business tycoon to watch out for and learn from. His journey only looks onwards and upwards hereon. 26
Global India Business Forum Has Signed Mou With Pune Management Association & Vidhimanya Chamber Of Commerce And Industry PUNE MANAGEMENT ASSOCIATION: Global India Business Forum is proud to present Pune Management Association (PMA) as its associate partner. It was established in 1977 as an independent Trust and Public Organization. It was founded by all-time great Industrialist- Late Padma Bhushan SL Kirloskar, Late Mr. VS Vaidya (Swastik Group), Late Mr. CS Kirloskar (Kirloskar Group), Late Dr. NA Kalyani (Kalyani Group) and Late Mr. CV Joag (Bank of Maharashtra). The PMA is considered to be a Centre of excellence in the arena of management which provides the necessary tools and empowers individuals and enterprises to excel in their ventures. PMA provides a wide range of services, to help better the standards of management practices in India. PMA also organizes conferences, seminars, relevant training programs/lectures, discussion meetings where experiences are shared, sponsoring specific research projects, forming study -groups, etc. PMA has its own library and training hall facility centrally located at Pune. VIDHIMANYA CHAMBER OF COMMERCE AND INDUSTRY: Global India Business Forum is proud to present Vidhimanya Chamber of Commerce and Industry (VCCI) as its associate partner. The Vidhimanya Chamber of Commerce and Industry, or VCCI as it is popularly known, is the premier autonomous MSME Development Organization of business and industry in India. The membership of the Chamber comprises several of the largest corporate groups in the country, with business operations all over the country and abroad. One of the objectives of the VCCI is to create, develop, setup, promote, acquire, run, manage and carry on the development, administration and management system for welfare of various Micro, Small and Medium Enterprises (MSME) without any profits. The VCCI is also known as a Start-Up Accelerator under StartUp India, Project Implementing Agency under the Ministry of Rural Development, and Skill Provider under National Career Service. Due to this they are a very unique Public Private Development Organisation. 27
Mr. Animesh Sarkar The Vice President of Deccan Group, Mr. Animesh Sarkar is a B.E Mechanical Engineer and Mastered in IB from Dublin. He has experience working in firms like Trinity Engineers and L&T constructions. He has worked at Facebook in the R&D department and has also received the Young Achievers Award 2021 from Indian Achievers Forum. Deccan group comprises of 6 ventures namely, Deccan Scandi NAOS AB., Deccan Water Treatment, Deccaleap Technologies LLP, Hair Care Studio, Top News Marathi, Deccan AV Media Services LLP. PAVING THE PATH TO A SAFE AND SUSTAINABLE FUTURE A new venture for Methanol has been incorporated in collaboration with a Swedish based company ScandiNAOS AB., namely Deccan ScandiNAOS AB. Methanol is a clean-burning biodegradable fuel. Its environmental and economic advantages are making it an attractive alternative fuel for powering vehicles and ships, cooking food, land gensets and heating homes. Deccan ScandiNAOS AB aims at converting all fuel based marine transportation into methanol gensets. Currently, their R&D team is working on conversion of road transport fuel into methanol to reduce import taxes and paving a way towards COP 26. Deccan Water Treatment Pvt. Ltd. has been formed with a single motive of making water more sustainable as a resource. Backed by the most modern technology, they provide a solution to all water treatment problems under one roof. They don't restrict themselves to a single sector or region, as their aim is to reach out to the remotest or villages for provision of drinking water and efficient treatment of waste water and its recycling. DeccaLeap Technologies LLP is a Pune-based start-up, incorporated in 2017.It is an SPV of DECCAN WATER TREATMENT PVT.LTD. Since its inception, the young start-up has simplified fire extinguishers by synergizing modern technology with design function, bringing forth effective, easy- to-operate, environment friendly and life-improving products in fire safety. Fire safety is often neglected in daily life but is the leading cause of accidents and deaths across the world. DeccaLeap Technologies aims to use modern technology and innovations to make lives 28
e Krishna Sahakari Bank Dr. Atul Suresh Bhosale (Promising Business of the year) The Krishna Sahakari Bank Ltd., Rethare Bk. is now a prominent Urban Co-Operative Bank in Maharashtra . This Bank was established in the year 1971. By Hon'ble Late. Jayawantrao Krishnrao Bhosale who contributed immensely for the establishment and growth of bank. The bank was then being led by Dr. Suresh Jayawantrao Ji Bhosale who inspired values and principles in the bank culture. Presently Dr. Atul Suresh Bhosale is heading the board of directors as Chairman. The Bank has recently completed 49 glorious years of service successfully. Transparent operations, personalized services and professional administration, coupled with social commitment have been the hallmark of the Bank, which has shown steady growth over the past years and is presently one of the leading Co- operative Banks in Maharashtra . The Bank has a network of 18 branches & 01 Ext. Counter . Their bank has expanded its wings in other prominent four districts of Maharashtra viz. Satara, Sangli, Kolhapur & Pune. The bank has decided to extend area of operation to entire Maharashtra . The bank has made remarkable progress in all these districts. In keeping in tune with the technology developments in banking sector, the bank has Core Banking System installed hence all the branches provide quick and delightful service to its valued customers. We are introducing the various schemes introduced by the Government of India under the Pradhan Mantri Jeevan Jyoti Yojana and Pradhan Mantri Suraksha Vima Yojana which is a National Mission for Financial Inclusion. Bank besides making all round progress in its activities, has not forgotten its social obligation. Bank has installed A.T.M. centres to offer integrated service to its customers. They have 1,50,000 customer base currently. They now look forward to increasing their frontiers of growth in all directions . 29
OVERVIEW ON TEXTILE INDUSTRY Global Textile Industry BASIC OVERVIEW:- Textile Industry is one of the largest contributors to the country’s exports with around 11.4% share in India’s total export earnings for the fiscal period ended 2018-19 valuing to nearly USD 37.5 billion (INR 2,596 billion) and growing at a CAGR of 7% since 2004-05. The industry is currently pegged at an estimate of USD 150 billion (INR 10,834 billion) with 75% of the total consumption being witnessed in domestic market, while exports accounted for the remaining 25% of the total market size. India ranked 2nd in textile export with 6% of global share and stood 5th in apparel export with 4% of global share. In terms of employment, Indian textile industry is the second largest employer after agriculture, providing direct and indirect employment to nearly 100 million people in India. The sector is broadly classified into three categories, with cotton accounting for 50% share, followed by manmade fibers and jute textiles Despite the large share in the global market and contribution of 2.3% of the Indian GDP, the Textile and Apparel industry has been majorly affected ever since the implementation of the GST . Global & Domestic Gross Credit Growth In Textile Industry According to the data released by the Confederation of Indian Textile Industry (CITI), the recovery for the domestic market is expected to be quite steep post pandemic with domestic market estimated to reach USD 120 billion (INR 9,074 billion) by 2024. Apparel retail is even projected to contract by ~USD 27 billion (INR 2,042 billion) in FY 2020-21 as compared to Pre Covid-19 projections for the same period against the ~USD 20 billion (INR 1,512 billion) from the base of FY 2019-20. 30
Global Import Export Ÿ According to IBEF in FY2018 the import of Textile was 39.2% and Export was 7.3%. Ÿ In the year 2019 the Import was 38.7% and the Export was 7.56%. The Import was 22.9% and Export was 6.06% in the FY 2020. Ÿ In the FY2021 Import is increased to 26.1% and the Export increased to 9.86%. Top Import-Export Destinations of Textile Industry A c c o r d i n g t o FICCI's report the maximum Import f r o m I n d i a t o C h i n a i s 3 5 % followed by United States Of America A c c o r d i n g t o FICCI's report the maximum export from India to USA is 24% followed by U n i t e d A r a b Emirates (7%), Bangladesh (6%), United Kingdom (6%), Germany (4%), and other countries include 53% of Export (10%), Bangladesh (9%), Vietnam (5%), Indonesia (3%), and other countries include 38% of Import. 31
Forecasting The textile industry is expected to attract investment of about $120 billion by 2024-25 and create about 35 million additional jobs in the process. Exports are also expected to rise from the current $39 billion to $300 billion by 2024-25. Some steps for betterment: Ÿ India’s textile and apparel exports to reach USD 300 billion by Fy25. Ÿ India’s textile and apparel exports are expected to touch USD 300 billion by 2024-25, resulting in a tripling of the country’s market share globally from 5% to 15%, according Invest India, the national investment promotion and facilitation agency. Ÿ The domestic textile and apparel industry, including handicrafts, stood at USD 140 billion in 2018, of which USD 100 billion was domestically consumed while the remaining portion of USD 40 billion was exported to the world market. Ÿ The textile and garments industry in India is expected to reach USD 223 billion by 2021. The textiles and apparel industry contributes 2.3% to India’s GDP and accounts for 13% of industrial production, and 12% of the country’s export earnings. Ÿ It is the second-largest employer in the country providing employment to 45 million people at present, and this number is expected to rise to 55 million people by the end of 2020. FDI in the textiles and apparel industry stood at USD 3.1 billion during 2018-19. Ÿ India is the largest producer of cotton and jute in the world, and the second largest producer of polyester, silk and fiber. Ÿ In May 2021, Indo Count Industries Ltd. (ICIL), announced an investment of Rs. 200 crore (US$ 26.9 million) to expand its production capacity. 32
MALAWI Global India Business forum is proud to associate with and offer honorary Membership to The Ambassador of Embassy of H.E.Grace Chupa Deputy High Commissioner of the Republic of Malawi . The Republic of Malawi, formerly known as Nyasaland is located in Southeastern Africa. It is bordered by Zambia to the west, Tanzania to the north and north east and Mozambique to the south. It became independent from the crown in 1964, but gained full independence on 1970. It maintains positive diplomatic relations with most countries, and participates in several international organisations, including the United Nations, the Commonwealth of Nations, the Southern African Development Community (SADC), the Common Market for Eastern and Southern Africa (COMESA), and the African Union (AU). Malawi has always been a free market economy with a free trade and investment environment. Domestic and foreign investment is open to all sectors with some restrictions on ownership, investment values and sources of funds and where the end product is going. It is an agrarian economy which accounts for 1/3rd of the GDP; it also exports tobacco, tea, sugar, cotton, rice, groundnuts, textiles and apparels. Despite being landlocked, it has good transport networks, specifically roadways and railways. These routes provide trading opportunities for trading in Malawi, may it be imports, exports or domestic. India and Malawi have had trade relations from the 18th century and had official diplomatic relations since 1964, the year Malawi gained independence. Malawi has been a good supporter of Indian agendas and had also voted for India onto the U.N. Human rights council. India has provided foreign aid and made investments in Malawi over the years. Indian and Malawi have strong relations and they can only get better and stronger as time passes. BUSINESS OPPORTUNITES: Malawi has several investment opportunities in areas such as mining, tourism, manufacturing, agro- processing including fruit juice processing, soya bean oil extraction, integrated cotton industry (spinning, weaving, ginning including cassava); phosphate fertilizer manufacturing; garment manufacturing, etc. 33
Top Gear PERSISTENCY GOT IT, CONSISTENCY WILL KEEP IT Best MSME Company of the Year – Manufacturing Sector As per the recent reports there are almost around 6 Lacs Enterprises registered under manufacturing category in India. It's really a matter of pride for us to stand as a one of the Best Manufacturing MSME of the Year amongst the registered MSME's and to receive this honour by hands of Ambassador of Trinidad and Tobago in presence of MP Mr. Shriniwas Patil and Ambassadors of various other countries to name a few like Egypt, Indonesia, Ethiopia and many more. Having a strong domestic manufacturing base (5 manufacturing plants including in-house foundry) is vital to Top Gear maintaining its leadership in innovating and delivering best in class industrial gearboxes. That is because precise manufacturing provides an important foundation for creating high quality products. Manufacturing provides the foundation for many kinds of innovations. If manufacturing processes are immature or the know-how needed to develop the product or process to produce the product is tacit and not well codified, you cannot innovate or produce the products beyond customers expectation. The key reasons behind Top Gear been rewarded with this title of Best Manufacturing MSME in India are: 1. Modern and precise manufacturing Machineries & Equipments 2. Best in class infrastructure avenues suitable for Mass production 3. Decades of manufacturing excellence 4. Well defined Manufacturing Processes & controls 5. Experienced Team 6. Stringent Quality Norms Eventually, as a result of which today they have developed the world class Products for Indian Defense (BEML & ISRO), Steel Industries, Coal & Mining, Pharma Industries, Material handling, Construction and many more. LEADING GEARBOX MANUFACTURING COMPANY IN SATARA….!!! Today, Satara is recognized as a prominent manufacturing hub with various reputed companies operating their manufacturing base here. One of the most crucial reasons for Satara's growth as a manufacturing hub include low operating costs as compared to the neighbouring Pune, and Kolhapur, and the availability of space in and around the city. Recently, there has been a considerable increase in the number of planetary gearbox manufacturers in Satara. Today, the market consists of 17-20 gearbox manufacturers of varying business volumes, market share and manufacturing capabilities. Now, competition as substantial as 20 manufacturers may present consumers a wide range of choice to select from. However, it also brings some challenges. One of the basic challenges is approach. An Onboarding client on the basis of reduced costs, instead of quality is among the most popularly adopted approaches to counter competition. Initially, although it helps consumers benefit on the cost part, it can bring quality, maintenance and operational challenges in the long run. So, to avoid the above quality, efficiency, and operation-related issues, and save costs in the long run, you need a partner like Top Gear Transmission. 34
Top Gear works with a unique approach where the focus is on delivering top-quality, and high output planetary gearboxes at a competitive price. INTERNATIONAL BUSINESS EXCELLENCE Having manufacturing base in Satara, they have created our Global Footprints in more than 20+ countries by consistently supplying gearboxes for wide range of industrial applications meeting the International customers need and expectations. 35
Signing of the Agreement Between the Government of Japan and the Government of the Republic of India Concerning Reciprocal Provision of Supplies and Services Between the Self-Defense Forces of Japan and the Indian Armed Forces. In New Delhi, H. E. Mr. SUZUKI Satoshi, Ambassador Extraordinary and Plenipotentiary of Japan to India, and Dr. Ajay Kumar, Defence Secretary, Ministry of Defence signed the aforementioned agreement. Its purpose is to establish basic terms and conditions of reciprocation of provisions and supplies between the Self-Defense forces of Japan and the Indian Armed Forces. In essence, settlement procedures for the same. The Agreement is expected to facilitate the smooth and quick provision of supplies and services between the Self-Defense Forces of Japan and the Indian Armed Forces. The Agreement aims to promote closer cooperation between the Self-Defense Forces of Japan and the Indian Armed Forces, and allow them to actively contribute to the arena of international peace and security. India and The European Union to step up their Clean Energy and Climate Partnership India-EU Energy Panel convened on December 1, 2021. The Ministry of External Affairs, Ministry of Power, Ministry of New and Renewable Energy and Ministry of Petroleum and Natural Gas from the India and the Directorate General for Energy, European Commission from the EU participated and jointly agreed on a detailed work program until 2023. This program will begin the implementation of the 2016 India-EU Clean Energy and Climate Partnership. The Energy Panel agreed upon increasing the technical cooperation in the area of energy efficiency, including almost zero energy buildings, renewable energy which includes floating solar, thermal solar and offshore wind. They discussed about cooperation within the International Solar Alliance. Green hydrogen, grid integration, including smart grids, storage, power market design, interconnection, cold chain, and sustainable financing were also parts of this agreement. India and the EU will undertake new researches and studies and study visits, joint workshops and exchanging knowledge and best practices in these areas. INDIA - ITALY H.E. Mr. Mario Draghi, President of the Council of Ministers of the Italian Republic and H.E. Mr. Narendra Modi, Prime Minister of India, had a bilateral meeting on the sidelines of the G20 Leaders' Summit hosted by Italy in Rome on October 30-31, 2021. The leaders acknowledged the progress in bilateral relations since the adoption of the Action Plan for an enhanced Partnership between India and Italy (2020 –2024) on November 6th, 2020. They spoke about strengthening cooperation in the strategic sectors addressed by the Action Plan, including the cross-cutting issue of accelerating the clean energy transition to fight climate change. These were the topics central to both the G20 Leaders' Summit in Rome and the COP26 in Glasgow. The India-EU Leaders' Meeting held in Porto on May 8, 2021, was also in discussion, where the European Union and India marked the importance and urgency of addressing the challenges of climate change, loss of biodiversity and pollution and agreed to strengthen cooperation for advancing the deployment of renewable energy. India - Denmark Shri Narendra Modi, Prime Minister of the Republic of India, hosted Her Excellency Ms. Mette Frederiksen, Prime Minister of Denmark during a State visit to India from 9-11 October 2021. The two Prime Ministers acknowledged the warm and friendly relations between the countries and spoke about the encouraging progress between the two countries since the launch of the Green Strategic Partnership between India and Denmark during their Virtual Summit on 28 September 2020. They also exchanged MoU's and some of the commercial MoU's are as follows: · “MoU between Reliance Industries Limited and Stiesdal Fuel Technologies on the development of the Hydrogen Electrolyzer and the subsequent manufacturing and deployment of the Hydrogen Electrolyzer in India. · MoU between Infosys Technologies and Aarhus University to establish a 'Center of Excellence for Sustainability Solutions' based in Denmark. MoU between the 'Observer Research Foundation' and 'State of Green' on strategic cooperation to promote knowledge-sharing on solutions and facilitate research on the green transition of the economy”. 36
Prashant Jadhav (Young Entrepreneur) Mr.Prashant Jadhav- Lagrace Group of Companies a trustworthy brand in the field of Infrastructure, Real Estate, Import Export, Agriculture, and Software. It has created its own mark in each field with a team of creative and brilliant personalities. LaGrace Decorworld started with small projects of interior decoration and went big owing to their hard work and their hunger for achieving perfection. The dedication and innovations of their people helped LaGrace enter the world of real estate. It is currently working on 5 big projects. LaGrace Infraworld is redefining the infrastructure with ground breaking products which helps smart construction, minimum use of material, improves the speed of construction in minimum manpower. LaGrace uses recyclable material doe construction, contributing its share to the environment. The Panels developed by LaGrace have the best strength value in the market and have a very efficient load bearing capacity. Experts at LaGrace Agro Pvt. Ltd. have researched for years to come up with newer and healthier solutions for the agricultural sector. They have come up with pure and organic product range comprising of 35 products for agriculture. Prashant is the wing of the company that provides solutions for the import export industry of India. It is consistently growing with tie-ups with multiple countries and is currently working with the South African and Gulf countries. Shivashree Prashant Jadhav is a leader who has taken this group from the ground to the pinnacles of success. He is someone who has always wanted to be an entrepreneur, and he takes his inspiration from Chhatrapati Shivaji Maharaj. The wisdom he has gathered over the years has helped him shape and grow LaGrace group of companies. He is a visionary who is leading the market with his dedication. 37
NIGERIA Global India Business forum is proud to associate with and offer honorary Membership to The Ambassador of Embassy of Nigeria H.E.Mr.Ahmed Sule,High commissioner of the Federal Republic of Nigeria H.E.Ahmed Sule High Commisioner Nigeria to the Republic of India The Federal Republic of Nigeria is in West Africa situated between Sahel to the north and the Gulf of Guinea to the south. Abuja is the capital of Nigeria whereas Lagos is largest city and one of the largest metropolitan areas in the world and second largest in Africa. It is a multinational state with over 250 ethnic groups speaking over 500 distinct languages and identifying with a wide variety of cultures. May it be business, culture, international relations, trade, Nigeria has gone from strength to strength to build itself as a respectable power among the African nations and on the international stage. As a founding member of African Union, it has been prominent in driving decisions for the future of Africa and developing relations with the world. Nigeria also holds membership to the United Nations, Commonwealth of Nations, Non-Aligned Movement, the Economic Community of West African States and OPEC. H.E.Ahmed Sule is the current High Commissioner of Nigeria to the Republic of India. He is a career diplomat and has a wealth of experience in his field. He began his career in the Nigerian ministry of foreign affairs and worked in its various departments namely, the United Nations department, West African Affairs Division, Appointment Promotion Establishment and Discipline Division, European Affairs Division, Office of the Honorable Minister of State Foreign Affairs as well as the Office of the President of the Federal Republic of Nigeria. Before his appointment as High Commissioner of Nigeria to India, he served in various Missions in the countries of UK, Saudi Arabia and Canada. He was also part of the permanent mission of Nigeria to the United Nations in New York, USA. 38
History of India and Africa having relations date back to the times of the Roman emperor Augustus. After India's independence in 1947, they have been very verbal and supportive about countries in Africa getting their independence. After Nigeria gained independence in 1960, Indian Prime Minister Jawaharlal Nehru visited the country of Nigeria since then there have been frequent meetings between the leaders of the nations. India and Nigeria have nurtured and developed strong ties. These ties are not just commercial or political in nature, but they are cultural too as a lot of Indians and Nigerians cross borders for education, exchanges and tourism. Nigeria and India enjoy very warm and friendly bilateral relations. Nigeria is India's biggest trading partner in Africa and India is one of the largest buyers of Nigerian crude oil. There are about one hundred and thirty-five ( 135) companies owned and operated in Nigeria by Indians. There are over fifty thousand Indians in Nigeria being the biggest Indian community in West Africa. Nigeria as the biggest economy in Africa has huge investment opportunities as the country is shifting its focus from oil and gas to non-oil sectors such as tourism, entertainment, mining, agriculture, infrastructure development, Fintech, ICT, education, health, pharmaceutical among others. There is increase in the demand of Indian goods and services in Nigeria which informed the ever growing commercial and economic ties between the two countries. Commercially, India and Nigeria have had strong relations. In recent years, India and Nigeria have been great allies to each other with their import/export policies. Recent figures show that Indian-Nigeran trades have been valued at over $11 billion. These are very promising numbers and will only keep getting better and better year after year. Indian exports to Nigeria are Pharmaceuticals, automobiles, cars, iron and steel, rice, plastics, clothes and fabrics, engineering equipment, and power sector components such as transformers, insulators and circuit breaker etc. Business opportunities: Investment Opportunities in Agriculture. Nigeria has a total land area of 923,768 sq. km. Real Estate and Construction, Information Communication Technology (ICT), Power, Oil and Gas, Transportation, Entertainment and Media and Sports. 39
Dr. Dilip Sonune (Animal Welfare Award) Recipient of the Animal Welfare Award, Dr. Dilip Sonune is the Director of Veterinary Services at Wiggles.in (Sixth Sense Retail Pvt. Ltd.). It is a pet care start-up in the preventive healthcare space offering products and services with its headquarters in Pune and operations in Pune and Mumbai. Wiggles are known for their herbal shampoos, treatment products, sanitizing products for pets and prevention therapy products. Also known as a kind of “one stop shop solution” for pets and pet parents. Since its inception, Dr. Sonune has grown and developed the start-up from his experiences of management, implementation, growth and expansion of veterinary services. He has overseen new product launches, raw material testing, formulation of veterinary products with the Research & Development team and has managed the entire team of veterinarians, paravets, groomers and pet handlers Pan-India. He has been pivotal to his marketing, sales and social media strategy. His knowledge of product development and product launch timelines based on market need and analysis is brilliant. He has handled escalations and grievances with customers, shared inputs to improve client relationships and setup a well-trained customer service team. He has been a mentor and guide to the junior veterinarians by sharing his knowledge and experiences in handling blood transfusions and critical care emergencies seamlessly at Petsville Dog Boarding. He is also one of the voices behind the #BondedByBlood Initiative which aims to create an online repository for pet blood donors and connect recipients in need during emergencies. Previously working as the Veterinary Physician & Surgeon at the Animal Care Super Speciality Hospital at Banjara Hills, Hyderabad, Telangana and as the Practitioner for Small Animals, Dr. Sonune has administered treatment to canine and feline breeds, handled X ray diagnostics, conducted laboratory tests, MRIs, CT scans and handled emergencies and critical care management for pets. The fact that Dr. Dilip Sonune has put himself out there to provide the requisite care for our voiceless friends, is commendable. In a time where we have seen cases of animal abuse across various media and social media outlets, Dr. Sonune has been a beacon and an inspiration to all those who selflessly care for animals. When the going did get tough, he kept going. He provided services during the lockdowns when the Covid- 19 pandemic wreaked havoc and there was a scarcity of vets due to travel restrictions. The Animal Welfare Award is a testament to the fact of all his hard work during his time as a practitioner and now as Director – Veterinary Services for Wiggles.in. Let us support him in his efforts to provide services and care and help to all pets, pet parents and animals they need and deserve. 40
Ericsson To Acquire Cloud Communications Company Vonage Ericsson has announced its intent to acquire cloud communications company Vonage in a $6.2 billion deal. With Vonage, Ericsson will be able to modernize its approach to communications, as the deal will give it access to a cloud contact center, communications APIs, and a voice over internet protocol (VoIP) solution. The company is also looking to build on its 4G and 5G networking technology by taking advantage of the key pieces of the Vonage family. eBikeGo Gets Into Luxury Ev Space With Acquisition Of Three-wheeler Brand From Spain The two-wheeler rental platform for electric vehicles (EVs) eBikeGo has acquired the rights to manufacture 'Velocipedo' — the smart electric trike or three-wheeler — from Spanish automotive company Torrot in India. This acquisition will give eBikeGo an entry into the luxury EV space. According to the company, Velocipedo is a smart electric trike that looks like a tadpole tricycle and is equipped with two front wheels and one rear wheel. These vehicles will be manufactured in Pune starting from next year and will be available in three models: personal vehicle, Trick Taxi, and cargo vehicle. The first of the units are expected to be delivered in September 2022. 41
CRED forays into corporate finance management, to acquire Happay CRED on Wednesday said it was acquiring business expense management startup Happay in a cash and stock deal that would potentially value the fintech startup at $180 million, as part of its foray into the enterprise expends space. The deal will help CRED tap the growing business expenses management market, which has lately been seeing a lot of activity in the aftermath of the COVID-19 crisis. Enterprise fintech companies have been instrumental in not only helping businesses keep a closer eye on their spends, but centralising business credit cards as well. For CRED, a leader in the credit card spending and repayment rewards space, the acquisition of Happay will help expand its offering to businesses. Turtlemint Acquires Cloud Data Analytics Startup Iophysics Systems Mumbai-headquartered insurtech platform Turtlemint announced the acquisition of Pune-based cloud data analytics company, IOPhysics Systems, for an undisclosed amount. With the acquisition, Turtlemint will also take ownership of IOPhysics' IP and product portfolio, which will be used by the insurtech platform for internal purposes, the startup said in a statement. However, Turtlemint did not comment on the nature of the deal, whether all-cash or equity. With this acquisition, Ashish Gawali, CEO, IOPhysics, will join Turtlemint as Vice President of data science and data engineering, while the rest of the team will join Turtlemint's tech and data science teams. Venture capital firm Blume Ventures incubated HR services unit Passion Connect managed the acquisition. 42
FINIX NIDHI LTD. KOLHAPUR Miss. Sonali Sachin Patil (CMD) Finix Nidhi is a company launched recently in March, 2021. The Covid- 19 pandemic has shown us that is the fundamental requisite for a middle-class family to have funds put aside for any crisis. Step-up Finix Nidhi who aim to serve the own people and make them aware about the importance of saving. Finix Nidhi's core business is borrowing and lending money between their members. It inculcates the habit of saving among its members and works on principle of mutual benefit. Mr. Sachin, father of Ms. Sonali has a huge workforce who are working for the same cause by providing them banking services, keeping in mind the lower and middle strata of society and educating them on the importance of saving. Their mission is to make it a Non-bank financial institution (NBFC) under RBI, provide assistance to a large scale section of the society, to provide door to door service to clients and provide ease of banking. They provide free life insurance facility to their clients and promise to plant a tree on their behalf after joining the Finix family. Ms. Sonali- Degree and Diploma holder from Pune University was always inclined towards learning more about finance since her family was interested in that section. A Self-learner is what she proudly introduces herself as and shares her achievement with her father who helped her understand network marketing. Finix Nidhi is located at an ideal location in Kolhapur City as the market is strong and majority of the rural workforce works there. It is convenient for door-to-door interaction for better results. Finix Nidhi's motto says “More income, more saving” West Maharashtra has well developed Sahakar (Co-operative) field which is very renowned and their main motive was to gain people's trust since it gets dubious when it comes to private sector banking facilities. They believe in “women empowerment and equal opportunities to all”. They believe in "low Risk investment”. Ms. Sonali shares a huge chunk of her success with her family. Coming from agriculture background Ms. Sonali always wanted to contribute to this sector and hence came up with “Farma-Producer Company” and “Food Processing Unit” which will help farmers regarding any queries relating to agriculture. They also provide them Agricultural consultancy and planning service. Inspired by the stupendous achievements of the bravest ruler, Chhatrapati Shivaji Maharaj and the teachings of Swami Vivekananda Finix Nidhi promises to reach its Mission by making it as a Non-bank financial institution (NBFC) under RBI in future. 44
Krushna Agrotech (Women Entrepreneur for Innovative Product-Jaggery) Krushna Agrotech provides turnkey solutions & expertise to manufacture jaggery in an end to end manner - from custom designed plant & machinery, to providing a platform for marketing the end products. Krushna Agrotech has automated the way jaggery is produced & developed value added products derived from chemical residue free jaggery. These products offer immense potential to consumers of all ages and also B2B institutional customers. Purpose – To help farmers with digitized automated technology & marketing support to generate superior economic rewards by marketing of value added products. Vision - A) Farmers - We will be a preferred technology supplier helping them to increase their economic + profits. B) Traditional jaggery Producers - Our proven technology help them improve the efficiencies & deliver superior returns. C) For End-Consumers - We will create high quality jaggery from jaggery, addressing youth & elderly population. Mission- Innovate the process of manufacturing jaggery in natural way, improve the yield, deploying latest technologies. Values- Consumer & farmer centricity, Knowledge sharing, Ethical & efficient & transparent working, Continuous innovation. 45
Garuda Aerospace Mr. Agnishwar Jayaprakash (Promising Business of the year) Background Information about the Business Garuda Aerospace ,founded in 2016 by Mr. Agnishwar Jayaprakash, alumni of the Harvard Business School, Entrepreneur, Vice-chairman of Agni College of technology, and the first youngest Indian swimmer to create national records in six swimming events. Also incepted at the Science reality TV show named E7ham Arivu which was telecasted in the Dhoordharshan channel show. The idea for the start-up took birth when the director of the show thought it would be an amazing idea to drop chocolates on the finest performers using an Unmanned Aerial Vehicle. The gem of the idea for Garuda Aerospace's drone-based operations was planted right there on the stage of the same show. Business Offerings Garuda Aerospace is rapidly emerging as the pioneer & market leader in the Drone as a Solution (DaaS) sector. Equipped with the largest drone fleet in the country consisting of 300 UAVs and 500 pilots across 26 Indian cities, Garuda Aerospace has transcended into India's most reliable drone startup with unravelling operational expertise. The firm offers affordable drone-based solutions coupled with allied software and analytical tools to increase efficiency & reduce costs in various organizations. At Garuda they seek to create and deploy technical solutions that will empower and promote growth while also acting as a growth tool for the country. They create drones that solve challenges for organizations in a cost-effective way that contributes to the bottom line by strategically aligning business growth goals across all industries, regardless of the stage of development. At Garuda Aerospace, they're working for a brighter future, and are excited for India to become the global drone capital. USP & Speciality of the business/brand They have designed drones for 38 different applications, with separate departments for manufacturing parts, importing parts from other countries, sourcing parts from domestic partners, foreign institutional R&D partners, and indigenous autopilot division, and finally an assembly line for testing and calibration. They provide Robust Automated Drone Technology Services, as well as strong software and analytical tools, and they also provide economical drone-based solutions along with allied software and analytical tools to boost efficiency with untangling operational experience. The solution they suggest is based on their operational expertise with government and private clients, and it has been shown to boost efficiency by 120 percent while lowering costs by over 45 percent globally. They have designed Agricultural Drones that help with agricultural production, crop growth monitoring, and agriculture operations optimization. Farmers hugely benefit from their sensors and digital imaging capabilities that provide precise data. By using agricultural drones to process data and take appropriate action, they assist farmers all around the country in increasing crop yields. Their drone services are proven to show a variety of difficulties, including irrigation challenges, soil variance, and pest and fungus infestations. 47
Challenges faced while establishing business and currently as well It is a renowned fact that all businesses went down during the pandemic, which was very challenging for them as well. Despite the pandemic, they did some smart thinking and proposed their drones to bolster the covid-19 battle of over 10 states throughout India. Well-being departments have also used these Drones to disinfect huge areas in a fast span and deployed their loudspeaker drones for covid protocol announcements, and load-carrying drones for delivering essentials to the containment zones, and it worked. They took the clean and care in their hands to provide a healthier future for India and in that mission, they made sure that they stand by the same no matter what. Mr. Agnishwar Jayprakash Expansion plans, other business avenues They have achieved market domination and the first-mover advantage in several areas in India and they furthermore aim at proving numerous revolutionary drone-based solutions in a variety of industries. They strive to make the company a classic Make in India story that has been patient, consistent, and quality-driven. Apart from the drone start-up, they have been handling 9 other businesses under the Agni group of companies. Mantras of success , personal ideologies, Quotes There's always a most sensible solution to most problems. Sometimes, one easily finds a solution within the graph; at other times one is an outlier. Conjectures are many. However, one thing is certain. Innovation is the answer, and that's exactly what they believe in at Garuda Aerospace. He have always admired and been inspired by Dr. APJ Abdul Kalam, and his ideologies. He always add a quote by him, which sums most of his beliefs as an entrepreneur. “Those who cannot work with their hearts achieve but a hollow, half- hearted success that breeds bitterness all around.” 48
Vinayak More (Young Entrepreneur) Ananda industries is a startup firm in trading. CFL distribution was started thereafter by the company. Initially in 2015 the company was started in Nashik and within 8-9 months the business was successfully expanded in three more talukas. Developing an amazing product is one of the hardest challenges that a company can overcome and one of the biggest predictors of success. But strong customer relations is what will truly determine the success of a business. They believe that better service lead to good relations with the customers due to which they could do their sales against renowned companies like Bajaj, Crompton, CFL, etc. As we are aware how the LED technology is in the lead people often tend to opt for it more and hence they decide to introduce the company to LED technology and having good experience with CFL previously turned out to be an advantage which eventually led to greater customer satisfaction and greater results. After experiencing boom in the result they came up with Lightline Bulb. Initially importing raw material from China in SKD form and were assembled in India . They also produced LED tube lights, panel lights, street lights, flood lights, sensor light volume on large scale. Within two and a half years they expanded their business in five districts with 250+ active counters. Adding to it they now have 100+ products of Lightline brand and since from past 5-6 years they are experiencing huge success in this field. Customer satisfaction is their main aim and they will continue to provide the best service available. Website : http://anandaindustry.com/ 49
SANSAM ELECTRICAL SYSTEMS About Sansam Electrical Systems: Having their business in electrical & automation contracting from past six years. In such short duration they have successfully managed to work on HT/LT, Industrial and Commercial projects. Their customers include ABB Ltd; Rohini Indl Electricals, Emco ltd, Schneider India ltd, Sauter race India Pvt Ltd, Sharon Bio−medicines Ltd, M/S GTL limited, Lasons Pharma Ltd, M/S Sa−Ford A.G. Germany. Aiming to provide their expertise & services to their customers in the most efficient manner. Delivering the best to the customer at minimum cost is what they consider their motto. They believe that providing the best quality services to its customers is the foundation of Sansam Electrical Systems. About Proprietor:− The proprietor Mr. Rajendra Patil is an electrical engineer with 15 years of experience in Electrical construction business. He is well verged with modern techniques in electrical construction & latest methodologies. He has worked with GODREJ, INTEGRON and ROHINI as a project manager. Key Experience As Project Manager Of Mr.Rajendra Patil: Installation, Testing Commissioning Of:− D.G. sets, Transformers, L.T. / H.T. Lines, substations, VCB stations, switching yards up to 220Kv Commercial & Residential installations comprising multistorey residential towers, malls, multiplexes, offices; resorts etc. Industrial installations such as Refineries, Bulk drug plants, API Plants, Formulation plants, cold & hot rolled steel plants, foods & FMCG installations, etc. Installation, Testing Commissioning Of:−D.G. sets, Transformers, L.T. / H.T. Lines, substations, VCB stations, switching yards up to 220Kv Commercial & Residential installations comprising multistorey residential towers, malls, multiplexes, offices; resorts etc. Industrial installations such as Refineries, Bulk drug plants, API Plants, Formulation plants, cold & hot rolled steel plants, foods & FMCG installations, etc. Field work:- 1) Industrial Installations:- Pharma sector, Steel sector, edible oil refineries, industrial Electrical construction, supply & installation of process instruments in all segments. 2) Commercial electrical Installations:-For malls, multiplexes, offices, superstores, high rise towers. services include entire electrification, IBMS systems implementation, safety engineering. 3) H.T. / L.T. Installations:- Transformers, L.T. / H.T. Lines, substations UPTO 400 KV, switching stations, D.G. sets of any size. 50