< <
NEWSLETTER #24
 
ITALIAN COMPANIES AT FOOD HOSPITALITY WORLD 2013
B2B on Food, Drink & Hospitality Sector: Bangalore 12-14 June  

#Food & Hospitality World is a three day show that will be held at Tripura Vasini, palace Ground in Bengaluru in India. It is the biggest professional B2B event for the Indian subcontinent that focuses on food, drink and hospitality sectors. Already confirmed Italian companies - Barilla, Caffarel, Divella, G. B. Ambrosoli, Maina, Mangini, Pernigotti and Rustichella will be particiting in the show. The expo focuses on and promotes the hospitality and food industry of Bengaluru and contributes to the economic development of the region. This show helps the professionals of the industry to come together and network with each other. This international exhibition presents wide range of products and services related with the food and hospitality industry. It helps the professionals to enjoy the new technological innovations and experience the latest products that have been introduced in the sector. For more information please click here

 
 
 
EXPO RIVA SCHUH INDIA 2013 - 4-6 JULY, NEW DELHI   INDIAN DELEGATION AT PITTI IMMAGINE UOMO - 18-21 JUNE, FLORENCE

# The Italian Trade Promotion Agency is promoting the 3rd edition of Expo Riva Schuh India to be held in New Delhi. This event represents the true nature of the Indian economy, growing and exploring new lucrative avenues of trade. This event will be presenting some of the best and most exquisite collections of footwear and leather-wear.This event will give dealers and retailers an opportunity to interact with the national and international suppliers who will be present in this event and will even have special information centers to help with information on all relevant topics.
For more informarion please click here


#Pitti Immagine Uomo 81 is the event that opens the European and international fashion fair season every year. It is the event that presents the galaxy of contemporary men's fashions in all its shapes and forms. Trade Visitors - Garment Manufacturers, Importers & Exporters of Textile machinery & technology, textile materials, embroidery, trimmings, laundries, accessories, fabrics & General Public are the target visitors. Garment Manufacturers, Manufacturers of Textile machinery & technology, textile materials, embroidery, trimmings, laundries, accessories, fabrics will be participating in the event.
For more information please click here

 
 
MACRO ECONOMIC UPDATES
 
INDIA'S GDP GROWTH HITS DECADE LOW 5%
 
#India's Gross Domestic Product (GDP) grew at 4.8% in the fourth quarter of FY13, marginally lower than an ET Now poll estimate of 4.9%. This is a marginal improvement over the Q3 GDP growth rate of 4.7%. The GDP for the entire FY13 grew at 5%, which is a decade low number. The manufacturing sector of the economy grew at 2.6%. The consensus estimates of the poll ranged from 4.3% to 5.5%. India's economic growth was at 6.2 per cent for the 2011-12 fiscal. It had grown by 5.4 per cent, 5.2 per cent and 4.7 per cent in the first, second and third quarters, respectively, of 2012-13, according to data released by the Central Statistical Organisation (CSO). For more information please click here
 
 
RULES & REGULATIONS
 
NEW SET OF REFORMS ANNOUNCED FOR SPECIAL ECONOMIC ZONES
 
#Ruling out any relief from imposition of Minimum Alternate Tax (MAT), the Commerce and Industry Minister, Anand Sharma, on Thursday, announced a set of reforms for Special Economic Zones (SEZ), including relaxation of land requirement norms, introduction of graded scale for minimum land criteria, offering an exit policy and doing away with minimum land requirement for setting up an IT/ITeS SEZs. The package of reforms and changed norms come in the wake of disinterest shown by corporate India to set up new SEZs. For more information please click here
 
 
NEWS
 
FIAT TO MAKE INDIA EXPORT HUB FOR CHRYSLER
 
#Italian auto maker Fiat SpA is doing a feasibility study on the prospects of turning India into an export hub for its US unit Chrysler Group LLC as part of an Asia-Pacific expansion plan, according to two Fiat suppliers familiar with the development. Enrico Atanasio, the outgoing managing director of FIAT Group Automobiles India Pvt. Ltd confirmed the possibility of setting up an export base in India that is aimed at increasing the Fiat group’s marketshare in the Asia Pacific region. Fiat owns 58% stake in Chrysler. Senior officials of the group met component vendors in January 2013 to explore the possibility of setting up a manufacturing base. For more information please click here
 
VERSACE TIES UP WITH INFINITE LUXURY GROUP FOR INDIA RETAIL
 
#Italian fashion house Versace, which snapped ties with Blues Clothing Company late last year has inked a tie-up with designer Manav Gangwani's Infinite Luxury Group. As per news reports the plan underway is expected to reinvent company’s identity in the country by re-opening existing stores and launching new ones. After global fashion brand Esprit and Aditya Birla Group’s Madura ending their seven-year-old distribution agreement, Milan-based luxury fashion company Gianni Versace SpA had terminated its exclusive franchise agreement with its Indian partner Blues Clothing Company, clearly showcasing expectations mismatch between the global brand and its domestic partner. For more information please click here
 
INDIA TO BECOME BIGGEST MARKET FOR ITALIAN FASHION BRAND BENNETTON
 
#Iconic Italian fashion brand Benetton is eyeing at India to be its biggest market in next 10 years by opening more stores across the country. Managing director of Benetton India said that “India is an important market for us and we see it becoming majority contributor in next 10 years.” With presence in 120 cities and towns in the vibrant retail space of India, the apparel sales in the country have crossed US$ 200 million mark in 2012. For more information please click here
 
ITALIAN COSMETICS FIRM MAKES INDIA ITS FIRST FOREIGN STOP
 
#After high-end fashion brands such as Gucci, Versace, Armani and Zegna, Italian cosmetics players are now tapping India to expand their business. Italian companies are showing high interest in the Indian single-brand retail market, which allows up to 100 per cent foreign direct investment. Engaged in large-scale contract manufacturing for cosmetics and drug majors, Officiana Farmaceutica Italiana (OFI) is awaiting a nod from the Foreign Investment Promotion Board (FIPB) to start single-brand retail business in India, along with local joint venture partner San Pellegrino Cosmetics. The Italian company would invest 51 per cent in the joint venture.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
 
 
JOB OPPORTUNITIES
 
ITALIAN TRADE COMMISSION, NEW DELHI IS LOOKING OUT FOR AN TRADE ANALYST
 
ICE - Italian Trade Commission, Trade Promotion section of the Italian Embassy in New Delhi is looking for a Trade Analyst. Educational qualification: MBA or equivalent degree/diploma (International Business, Trade and Commerce or Marketing). Proficiency in Computer software's (MS OFFICE, others). Language known must be English, Hindi, Italian (at least basics). Must have minimum 2 years work experience. Remuneration as per industry standards. If interested please send in your resume at newdelhi@ice.it
 
ITALIAN COMPANY BMC AIRFILTERS LOOKING OUT FOR A MARKETING EXPERT IN INDIA
 
BMC Airfilters a renown Italian company in the components for the motocylcle and automotive industry is looking for a candidate to support the development of the market and the brand. The company is already present in the Indian market through a distribution network. The successful candidate must have a degree in business / marketing and be oriented to the development of the brand and the creation of a commercial network. If interested please send your resume to mumbai@ice.it
 
ITALIAN COMPANY LOOKING FOR AN INDIAN AGENT
 
Automazioni Cismac Srl is looking for a commercial agent in India. The person should preferably from the construction sector. The agent will be responsible for arranging visits and meetings for the company's trade delegations, with the purpose of evaluating solutions with high technological content. The person selected will represent the company in the area, with the possibility of high professional and economic growth. Good communication, Italian and English, are a plus but are not essential. For more information and to send in your applications kindly contact Mr. Claudio Cudia at claudio.cudia@cismac.it
 
 
UPCOMING EVENTS
 
13-14 JUNE          BANGALORE: ITALIAN COMPANIES AT FOOD HOSPITALITY WORLD 2013
 
#Food & Hospitality World is a three day show that will be held at Tripura Vasini, palace Ground in Bengaluru in India. It is the biggest professional B2B event for the Indian subcontinent that focuses on food, drink and hospitality sectors. The expo focuses on and promotes the hospitality and food industry of Bengaluru and contributes to the economic development of the region. This show helps the professionals of the industry to come together and network with each other. This international exhibition presents wide range of products and services related with the food and hospitality industry. It presents a lucrative platform to the exhibitors to generate profitable business opportunities for their companies. For more information please click here
 
18-21 JUNE          FLORENCE: PITTI IMMAGINE UOMO - Men Fashion Show
 
# Compotec is the first leading & unique exhibition in the Italy entirely related to research, production, making up & technologies of composite materials. It’s a new and unique event in the Italian trade fair panorama. Its target is to bring together universities, research institutes, industries, organizations and media in a three days event in order to present the composite technologies, processes and developments. End users of composites materials in different fields such as: Aeronautcs, marine, automotive, mass transport, building, energy, medical, leisure & sport, Associations, Universities, Research Centers, technical press, Technical experts, research and development managers anddesigners are the targeted visitors.. For more information please click here
 
Tell a Friend | Unsubscribe
This newsletter is compiled & edited by the Italian Trade Commision office in Mumbai. ©