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NEWSLETTER #22
 
COME APRIRE UNA PARTITA IVA IN INDIA - PAN NUMBER
Video-tutorial: ottenere il Pan Number step-by-step dall'Italia  

#In questo videotutorial vengono illustrate le varie fasi attraverso le quali un impresa straniera puo' ottenere il Pan Number indiano (equivalente piu' o meno al Codice Fiscale italiano). Il Pan number e' richiesto dalla legge indiana sia per poter aprire un attivita' in India sia per poter usufruire di un aliquota agevolata nel caso di forniture di servizi di consulenza e/o assistenza tecnica a beneficio di imprese indiane da parte di imprese straniere (anche senza una presenza in India). La procedura e' in buona parte on-line, ma necessita di una serie di attiivita' da realizzare in Italia: visura camerale, traduzione, giuramento e apostille. La compilazione di un modulo on line sul sito del Ministero delle Finanze Indiano (modulo 49AA) ed infine l'emissione di assegno circolare su un conto corrente indiano di Rs. 962 (pari a circa 16 Euro). I tempi per l'ottenimento sono circa di 15 gg dal momento della spedizione della documentazione. Clicca qui

 
 
 
40 ITALIAN COMPANIES AT INDIA ITME 2012
2-7 DEC, MUMBAI
  ITALIAN FINANCIAL GROUP SACE SPA ENTERS INDIA - www.sace.it

# The 9th India International Textile Machinery exhibition is the most important platform for everyone associated with Textile Industry held from 2nd Dec to 7th Dec 2012 at Mumbai, India, showcasing textile technology, machinery, accessories and services by 620 exhibitors from 42 countries including 40 Italian companies and 1,00,000 visitors. For the 9th India International Textile Machinery Exhibition it has closed space booking one year ahead which shows the excitement and interest with which the event is looked at. Keeping each participants interest in mind and to provide maximum value for time and money spent to visit ITME event, it has organized an array of programs during ITME 2012.
For more information please click here

#SACE SpA, Italy-based insurance and financial group, announced in november the launch of its India operations, which will help expand its euro one billion portfolio in the country and serve as a regional hub for its business in South Asia. "With a current exposure of over euro one billion, India is the seventh emerging market in SACE's portfolio," the company said in a release issued here. "SACE has been actively engaged with Indian companies for many years. Currently we are looking at transaction worth a couple of billion Euros, in a quite broad range of sectors, ranging from automotive, to refineries, petrochemicals and SMEs skilled technologies.
For more information please click here

 
 
MACROECONOMIC UPDATES
 
INDIA'S GDP GROWTH DIPS TO 5.3% IN Q2
 
#In keeping with market expectations and factored in by stock investors, GDP (gross domestic product) growth dipped to 5.3 per cent in the second quarter (July-September) of 2012-13 from 6.7 per cent in the same quarter during the previous fiscal, mainly owing to dismal performances by the farm and manufacturing sectors. With the economic growth during the three-month period slipping further from 5.5 per cent in the first quarter of the current fiscal, the scale-down in annual growth projections by various global agencies and think-tanks for the entire year now appears to be more realistic and may turn out to be the lowest pace of GDP expansion in a decade. For more information please click here
 
 
NEWS
 
ITALIAN, INDIAN FIRMS BID FOR 50% STAKE IN ASTON MARTIN STAKE
 
#Italian buyout firm Investindustrial and Indian car maker Mahindra & Mahindra Ltd. are bidding against each other to buy a 50% stake in U.K. luxury sports car maker Aston Martin Lagonda Ltd. Investindustrial reached an accord with Aston Martin's current owner, Kuwaiti finance house the Investment Dar Co., and Mahindra & Mahindra then responded with a higher offer. Both offers now give Aston Martin an enterprise value of £750 million ($1.20 billion), with an equity investment of about £250 million to be used for investment. For more information please click here
 
ESPRIT INDIA TO SHUT ITS OPERATIONS IN INDIA
 
#Global retail giant Esprit is exiting India by the end of 2012. It had entered India in 2005 through a distribution deal with Madura Fashion and retail, Aditya Birla Group's lifestyle retailer. Company sources reveal that the Esprit in India was suffering losses of about Rs 20-25 crore per annum, which made it unviable for the brand to remain in India. An email sent to Ashish Dikshit, CEO, Madura Fashion & Retail remained unanswered. Sources reveal that while Madura Fashion and Retail wanted to renew the 7-year-old agreement, the Esprit global management was not keen. For more information please click here
 
GOVT BARS IKEA FROM OPENING CAFES IN ITS STORES
 
#The government, while clearing Swedish furniture and homeware retailer IKEA's application to set up shop in India, has disallowed it from selling food in its planned stores and offering financing to suppliers and customers. The foreign investment promotion board (FIPB) has ruled that the firm will not be able to able to open its famed cafes and food markets, famous for selling products such as meatballs and Lingonberry jams, in its stores because that will violate the FDI policy on food retailing. A government official privy to deliberations at a meeting of the FIPB cleared IKEA's proposal to invest Rs 10,500 crore to set up retail stores in India, said the proposal had been cleared subject to several conditions. For more information please click here
 
FIAT IS ALL SET TO LAUNCH ICONIC JEEP BRAND IN INDIA
 
#If the chaps from TopGear India are to be believed, Fiat India is getting ready to introduce the iconic Jeep brand in the Indian market. The Italian automaker is expected to announce formal plans in the December. The on and off rumors about Jeep coming to India are around since mid-2012 when Fiat India sent out a few press releases with a Chrysler logo on it. The Jeep brand is owned by Chrysler which in turn is owned by Fiat. eep has five models in its stable – Patriot, Compass, Liberty, Grand Cherokee and Wrangler. In all probability, Fiat India will start the Jeep operations with brand builders such as Grand Cherokee and Wrangler (that looks like a spruced-up Mahindra Thar). For more information please click here
 
INDIA, U.S OVERTAKE ITALY AS TOP GOLD JEWELLERY EXPORTERS
 
# Italy has lost its position as the world's premier gold jewellery exporter, overtaken by India and the United States, and risks slipping further due to its high cost base and tariff barriers. For years Italy was the world's biggest manufacturer and exporter of mass-produced and crafted gold jewellery. Bulgari, Damiani and Roberto Coin are Italian luxury brands celebrated worldwide for their opulent use of gold and precious gemstones and cutting-edge designs. But the Italian goldsmith sector is fighting an uphill battle against punitive import duties imposed by markets such as China, and competition from lower cost producers benefiting from improving design skills and the latest technology. For more information please click here
 
LAVAZZA SPA LOOKS TO GET OUT OF INDIAN COFFEE CHAIN BARISTA
 
#Italy's Luigi Lavazza Spa is looking for a strategic partner or even an outright buyer for its Indian coffee chain Barista five years after acquiring it, and has begun preliminary talks with potential partners and buyers, said a person with direct knowledge of the situation. In the early 2000s, Barista Coffee pioneered the sale of coffee through espresso bars at tony locations and emerged as a strong brand that was touted as the future Starbucks of India. However, the coffee subsequently lost its sheen as its ownership changed hands three times and rivals such as Cafe Coffee Day and Costa Coffee consolidated their presence. For more information please click here
 
CORNELIANI SPREADS WINGS WITH OSL LUXURY
 
#OSL Luxury has ventured into the luxury fashion space with renowned Italian brand Corneliani SPA. With Shailesh Grover as OSL’s Business Head, they plan to aggressively promote the brand in India. Grover with over 15 years experience in the luxury retail segment has been the core person in developing Corneliani as a recognized brand in the challenging and fast growing Indian fashion industry. Corneliani is one of the brands taken up by OSL Luxury, which is now in the process of partnering and growing in the retail segment with well known luxury and premium brands from across the globe. For more information please click here
 
 
BUSINESS OPPORTUNITIES
 
ITALIAN SILVERWARE COMPANY IN SEARCH FOR PARTNERS TO OVERTAKE THEIR BUSINESS IN ITALY
 
#An Italian company- Gaetano D'Agostino manufacturers of Silverware, has been serving the National, International and European market for more than 50 years. For several years, the Company has embarked on foreign relations and today the company has its exclusive products in various countries such as Spain and Poland. The company is looking for a partner willing to completely overtake its activities and property in Italy. The company is located at a strategic location in the city. In the recent years the company has also opened a large mall “FORUM di Palermo”, and a few days ago has opened a great center of bricolage “LEROY MARLIN”. For any further clarification please contact at info@argenteriadagostino.com
 
ITALIAN CO. “CANTIERI DEL LAGO MAGGIORE ” LOOKING FOR AN INVESTOR IN THEIR SHIPYARD IN ITALY
 
#Cantieri del lago Maggiore s.a.s an Italian shipyard is interested in selling their facilities. It is located on river Maggiore 50 KM from Milan and 15 KM from the Milan Malpensa Airport. It is built on a 24000 sq.mtrs super built area with 4000 covered area. It has two bridge cranes, park, boating club and a facility to park 200 boats. The company is looking out for an invester in their shipyard. In order to get more details on this project interested Indian companies can contact at newdelhi@ice.it
 
 
NEW PUBLICATIONS
 
OLIVE OIL MARKET IN INDIA
by Italian Trade Commission, Dec 2012
 
#Olives and Olive oil are now fashionable. Italian food is popular around the world and is being consumed by the middle and wealth classes in India. While imports of olive oil are still small they are growing rapidly. The increasing awareness of olive oil by consumers around the world has encouraged investors to plant olive groves in many countries outside the traditional production area of the Mediterranean. Like many new crops these investment booms mutate into bubbles where the market is sustained by unreal expectations rather than concrete sales of oil. The following is a report on the Olive Oil industry in India. To view and download this report please click here
 
PACKAGING MACHINERY MARKET IN INDIA
by Italian Trade Commission, Dec 2012
 
#The Study has analysed the market dynamics of food processing and pharmaceutical industry and the relevant packaging machinery that find application in these industries. This Study has carried out an in depth analysis of selected application sectors in India. While carrying out the study, each sector has been analysed considering its sub segments. It has also evaluated the current scenario of packaging sector & packaging machinery by covering end users, competitors, experts, industry associations, government bodies and other relevant institutions in each application sector. Statements and analyses in this Report are entirely based on the perceptions obtained during discussions with respondents and from field investigations. To view and download this report please click here
 
DESTINATION INDIA: NEW PUBLICATION BY PWC & ITALIAN EMBASSY DELHI
by PWC/Italian Embassy, Dec 2012
 
#Destination India is intended as a tool to support Italian companies in the Indian market and help them assess the opportunities offered by the second fastest growing economy in the world. The analysis is based on a two-pronged approach. It focuses on strategic states as well as strategic sectors, highlighting their respective strengths and competitive advantages. Moreover, Destination India is the first attempt to collect coherent information on the Italian business presence in India. Italian companies operating in India are tracked in the document on the basis of their location, sector and mode of operation.To view and download this report please click here
 
 
M A S A L A  – Art, Culture and more…
 
This section called "MASALA" -&nbsp; which means mix in Hindi - has been created in response to the great number of requests we received asking us to include also news about other kind of events we knew about. This is a small selection of events happening both in India and Italy each month. Enjoy!
 
7-16 DEC    FLORENCE & ROME: INDIAN FILM FESTIVAL 'RIVER TO RIVER'
 
#River to River. Florence Indian Film Festival had its first edition in October 2001 at the Rondò di Bacco Theatre of Palazzo Pitti in Florence, Italy. The aim of River to River is to promote only films from and about India and it is the first Festival of this kind in the world. The documentry on greatest star Amitabh Bachchan will be this year’s highlight at River to River. This documentary tells the life and career of Big B, as he is affectionately called in India. Films by India’s master filmmaker - “Gangs of Wasseypur part 1-2”, ” Black”, “Raja Harishchandra”, ” Sholay ”  will be screened in the retrospective section at the weeklong festival that opens in Florence. For more information please click here
 
 
UPCOMING EVENTS IN ITALY
 
1-9 DEC                MILAN: LARTIGIANO IN FIERA - Art & Craft Trade Show
 
#LARTIGIANO IN FIERA ranks among the finest art and crafts-related trade shows in Italy. The show serves as an ideal business platform for exhibitors and buyers to directly interact with each other and the show gets its global feel from its participants, who hail from as many as 109 countries, across 5 continents. Companies participating at the event get the chance to interact with more than 3 million visiting participants, who are present at the show on a regular basis. Mutually beneficial business deals are also struck up among industry peers present at the show.. For more information please click here
 
2-5 DEC      BELLUNO: MIG INTERNATIONAL ICE CREAM EXHIBITION
 
# MIG International Ice Cream Exhibition is an event that has its roots based back in 1959. The exhibition is an international meeting ground for professionals from the world of ice cream. The exhibition plays host to foreign operators representing around fifty countries, including the ice cream artisans from around the world. MIG International Ice Cream Exhibition not only offers an extensive platform for the industry professionals to showcase their skills but would also see world renowned brands from over thirteen Italian and over fifteen foreign countries coming together to exhibit their brands and offerings. For more information please click here
 
5-9 DEC      BOLOGNA: MOTOR SHOW 2012
 
#Motor Show-Bologna features as one of the most happening automotive sector trade events in Italy. The show serves as a convenient business platform for leading corporate personnel from the industry to meet and directly interact with each other and 14 exhibition pavilions are set up during the show. One of the major highlights of the show is the Enel Electric City initiative and the latest, sophisticated information from the global motorsport industry are showcased during the show. For more information please click here
 
6-9 DEC      MODENA: CURIOSA - Business To Consumer Trade Fair
 
#CURIOSA is a largest b2c trade fair in the Italy. It will focus on the Gift Ideas, Creativity, gastronomy and Country Life with local products and home something more than a simple purchase. It will attract many visitors & exhibitors around the Italy and abroad. Buying Groups, Distributors, General Merchandise Buyers, Catalog Houses, Dollar Stores, Gift Buyers, Theme/Amusement Park Buyers, Chain Stores, Drug Stores, Premium/Incentive Buyers, Variety Store Owners, Specialty Stores and more will be present. For more information please click here
 
7-9 DEC      GENOVA: TUTTANTICO
 
# Tuttantico, a significant event for producers and suppliers of gift and decoration products, is an opportunity for people to live in style here and now rather than in the distant future. Beautiful things for a happy living is the key philosophy for the event dedicated to what is behind high spirits, harmony and peace both within and without. Trade Vistors - importers & exporters of Decoration, Home & Office Design, Furniture, Lightning, Fabrics - Clothing Textiles, Handicraft Products, Gifts & Souvenirs, Home Exhibitions, Kitchen & Bathroom accessories & General Public are the target audience. For more information please click here
 
7-16 DEC     FLORENCE & ROME: INDIAN FILM FESTIVAL 'RIVER TO RIVER'
 
# River to River. Florence Indian Film Festival had its first edition in October 2001 at the Rondò di Bacco Theatre of Palazzo Pitti in Florence, Italy. The aim of River to River is to promote only films from and about India and it is the first Festival of this kind in the world. The documentry on greatest star Amitabh Bachchan will be this year’s highlight at River to River. This documentary tells the life and career of Big B, as he is affectionately called in India. Films by India’s master filmmaker - “Gangs of Wasseypur part 1-2”, ” Black”, “Raja Harishchandra”, ” Sholay ”  will be screened in the retrospective section at the weeklong festival that opens in Florence. For more information please click here
 
7-9 DEC      VERONA: VERONA MINERAL SHOW
 
# Verona Mineral Show is to Discover the charm and fascination of stones,Coral, amber and pearls, minerals, fossils, opals from Italy. This is the show for mineral collecting tanks and - dealers, for specialists and craftsmen - and for humans, who have simply fun at researching, discovering and purchase of jewels, fossils, gems, semi precious stones, books, shells and insects. Jewelery whole seller, Jeweler, Agent/distributor, packaging and technology manufacturers, importers, exporters, Equipment Manufacturers & suppliers are the target visitors for the show. For more information please click here
 
12-16 DEC   ROME: ARTI & MESTIERI EXPO
 
# Arti and Mestieri is one of the most improtant art and craft expo of Rome, Italy. This event is being organized by Fiera Roma which is a leading event organizer. The trade fair is very special as it focuses on the handicrafts and several food and craft industries. Arti and Mestieri is been set up by keeping the professionals in mind. The event will provide direct contact with the buyers which will help in bringing new contracts, brand promotion and awareness of the products. Through this trade fair, it focuses in bringing quality assurance, development and innovative growth in this sector. For more information please click here
 
14-17 DEC   BRESCIA: GLUTEN FREE EXPO
 
# The primary objective of this international trade show is to make the food and beverage industry conscious of the latest and advanced technologies and the developmental changes which are taking place in this sector. Professional experts related to this field from all over the world will take an active part in this expo and will make this expo more advanced.  Gluten Free Expo Brescia will give a wonderful opportunity to the attendees who have a keen interest in latest food products and items and the reputed food industry to share their knowledge and experience with each other. For more information please click here
 
 
UPCOMING EVENTS IN INDIA
 
1-4 DEC                CHANDIGARH: 10th AGRO TECH 2012
 
#AGROTECH Chandigarh is one of the chief agricultural technology related trade events in India. The show ranks high on the popularity count, with more than 85000 visitors participating in the event at each of its editions. The latest technological innovations and updates from this sector are highlighted during the show and corporate participants are provided with ample networking opportunities as well. The event goes a long way in improving the investment conditions in the agricultural sector and helps attendees learn more about viable strategies to ensure sustainable development of this industry. For more information please click here
 
6-9 DEC      NEW DELHI: ACE TECH 2012
 
#ET ACETECH - Delhi is one of the most noteworthy construction industry related events in India. Organized at Pragati Maidan over a period of four days, the show welcomes an impressive number of qualified business professionals and high profile corporate attendees. Participants have the opportunity to share their views and opinions about the latest technological innovations and updates at the show and learn about viable brand building strategies. Attendees can also directly interact with distinguished speakers and business policymakers here. Exhibiting companies find this event to be an ideal platform for displaying different varieties of electrical appliances, home fittings, hardware solutions and other associated items. For more information please click here
 
7-10 DEC    GREATER NOIDA: FOOD TECHNOLOGY SHOW 2012
 
#Food Technology Show provides a one-stop shop for its visitors who expect to see companies involved in food & drink technology, quality assurance, packaging, management systems, production and process engineering, retail solutions, purchasing, hygiene and food safety, laboratory equipment, food machinery, staff recruitment as well as research and development. Top and middle management from the following industries will be targeted to visit the shows : Pharmaceutical & Chemical, Food & Beverage, Dairy & Meat, Engineering, Garments & Textiles, Personal Care Products, Logistic and Other Packaging End Users, Printers, Converters and Packaging professionals as well as the providers of materials, equipment and services. For more information please click here
 
14-16 DEC   NEW DELHI: ZAK GLASS TECHNOLOGY EXPO 2012
 
#ZAK Glass Technology International is the most awaited Glass Technology event on Glass & Glazing Industry in the region. It has established itself as an ideal place to find new, innovative and exciting products and forge new business alliances with its blazing trackrecord in the past 9 editions. 10th International Trade Fair on Glass production,processing, technology and products.Glass is redefining the way we look at construction. Aesthetically superior and functionally outstanding, there are multiple reasons why glass is driving the new wave in construction practices. As focus is fast shifting towards faster and sustainable construction and new design principles demand the flexibility of glass, it’s future is truly shining. For more information please click here
 
14-16 DEC  NEW DELHI: LED EXPO 2012
 
#LED Expo is one of the leading trade shows in India, dedicated exclusively to the electronics sector. The show, in particular, focuses on the usage of sophisticated LED products and solid state electricity generation tools are showcased here as well. More than 300 exhibitors are present here, displaying a wide range of LED wafers, dimmers, control systems, LED screens, moving signs, solar lanterns and commercial, office, garden, indoor and stage lighting tools. The extensive corporate networking opportunities available here add to the overall business worth of the show and top architects, brand managers and decision authorities from this sector attend the show at each of its editions. For more information please click here
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This newsletter is compiled & edited by the Italian Trade Commision office in Mumbai. ©