NEWSLETTER #3
OPEN YOUR OFFICE IN INDIA
NEW INCORPORATION SERVICE BY ICE
The Italian Trade Commission is pleased to present a new exclusive service to all those Italian companies wishing to legally establish themselves in India. A turn key, one-stop-shop incorporation service for a flat fee with a fixed delivery time of 6-8 weeks. The service is provided in partnership with one of the largest and most prestigious Indian law firms with offices all over India, partners in Italy and with an experience of over 140 Italian companies succesfully assisted in India over the last few years.

We provide the following tipology of incorporation service: Liaison Office (Ufficio di Rappresentanza), Branch Office (Filiale), Project Office (Ufficio Temporaneo), Wholly Owned Subsidiary, Private Limited Company (Societa’ a capitale internamente straniero).

A flat rate all inclusive (of governnment fees, taxes and out of pocket expenses) with no hidden costs applies to the incorporation of all the above mentioned category of companies with a fixed time frame of 6-8 weeks from the submission of all the required documents, provided that they fall in the AUTOMATIC ROUTE OF RBI.

The Italian Trade Commission through the law firm shall provide free consultancy services about the best form of incorporation depending on the kind of business operations the Italian company intends to carry out in India.

For more information, rates and list of documents please contact Bernard Prevete at mumbai@ice.it

Send us your request and we’re looking forward assisting you in opening your company in India.
 
NEW PAN NUMBER REGULATION FOR FOREIGN COMPANIES
With effect from 1st April 2010, every recipient including a non resident/foreign company providing services to an Indian company, is now required to furnish a Permanent Account Number (PAN) to the payer in India. If the recipient fails to provide a PAN number, the withholding tax rate for the Indian buyer would be the higher of the existing rates as per the Indian Income tax act (generally 20%). To apply for PAN No by a foreign entity please refer to the links below.
www.incometaxindia.gov.in/archive/form49ae.pdf https://tin.tin.nsdl.com/pan
NEW RULES FOR SCHENGEN VISA APPLICATIONS
According to the new European Rules (Article 12 -Regolamento [rule] (CE) n. 810/2009) which have come into force with effect from 05.04.2010, the total passport validity for visa applicants cannot exceed 10 years.
Hence for the issuance of the Schengen visa it is a pre-requisite that the passport validity does not exceed 10 years from the date of issue, i.e. not earlier than 2000.
Application deadline - Schengen Visa Code prescribes that applications should be presented at least 15 calendar days before and not earlier than three months before the intended date of departure. Since the processing time may require up to 15 calendar days, for applications presented after the deadline, there is no guarantee that the visa will be issued by the scheduled date of departure.
For more info pls log on to: www.vfs-italy.co.in

UPCOMING EVENTS

4 - 8 MAY, MILANO: INDIAN DELEGATION TO XYLEXPO TRADE FAIR
The Italian Trade Commission in Mumbai, in collaboration with ACIMALL (Italian Woodworking Machinery & Tools Manufacturers’ Association), has organized a fully sponsored delegation comprising Indian journalists & companies to visit the 22nd Xylexpo; the biennial world exhibition dedicated to woodworking technologies and furniture supplies. The trade fair will take place from the 4th through the 8th May 2010 in the Milan Fairgrounds located in Rho, under the patronage of Eumabois, European federation of wood working machinery manufacturers. Xylexpo opens the doors to semi-finished products, furniture supplies, raw materials, hardware and all other wood based products. Those find space close to machinery and plants in a new and innovative exhibiting layout.

For more information log on to www.xylexpo.com or contact Ms. Prajakta Undalkar at mumbai@ice.it


10 - 13 MAY, PARMA: DELEGATION OF INDIAN COMPANIES TO CIBUS
The Italian Trade Commission in New Delhi has organized a fully sponsored Indian delegation of five buyers at the 15th edition of CIBUS, the International Exhibition of Food, and DOLCE ITALY, the Hall of confectionery, to be held in Parma from the 10th to the 13th May 2010. This year the event introduces the "Square of DOP and IGP” Cibus 2010 will feature “PDO-PGI Square” with the presence of a considerable number of representatives (49 consortia) of the main Italian PDOs and PGIs, members of the Italian Association of Geographical Indication Consortia (AICIG). Another event will be “CIBUS in City' ", an area dedicated to foreign retail chains and "Planet Nutrition," an area for dining outside the home and collective meetings on food safety.

For more information log on to: www.cibus.it or contact Ms. Alessandra Marcarino at newdelhi@ice.it


11 MAY, NEW DELHI. SEMINAR: OPPORTUNITIES IN SPORTS RETAILING IN INDIA
The Italian Trade Commission in New Delhi and ICRIER are presenting the report “Sports Retailing in India: Opportunities, Constraints and Way Forward”. The seminar is scheduled for Tuesday, May 11, 2010 from 10.30 a.m. to 12.15 pm at ICRIER Conference Room, Core 6A, 4th Floor, India Habitat Centre, Lodi Road, New Delhi – 110 003.
In India, the sports sector is undergoing several changes as the country is hosting many national and international sporting events this year and in the coming years. The Indian government is also investing in development of sports infrastructure and is promoting sports at the grass-root level. Growth in sports awareness favorable FDI policies has given a boost to retailing of sports goods. However, there are hardly any academic studies on this sector. The findings of this study will be presented at the seminar.

For more information contact Ms. Alessandra Marcarino at newdelhi@ice.it

11 MAY, MUMBAI: ITALIAN DUO MUSIC RECITAL, FLUTE AND PIANO MUSIC
Acclaimed flutist Marta Rossi and renowned pianist Marialuisa Pappalardo will perform at 7 p.m. Tuesday, May 11th, at the Cultural Centre of Russia - 31 - A, Dr. G. Deshmukh Marg (Peddar Road - opp. Sterling apts.), Mumbai.

The Italian duo will interpret some of the most beautiful and evocative music written by Italian and French composers for flute and piano. The evening repertoire will include works by Faure', Debussy, Poulenc, Bizet ("Fantasy on Carmen"), Casella, Santucci and Donizetti.

Entry Passes may be collected, at: Consulate General of Italy, Alliance Francaise or Furtados music shop. To attend the event or for more information please send and email to the Italian Consulate at: commercial.mumbai@esteri.it.


11 MAY, MUMBAI: ITALIAN DUO MUSIC RECITAL, FLUTE AND PIANO MUSIC
The Italian Trade Commission, Mumbai is organizing a fully sponsored delegation of 13 selected Indian publishing companies for the 23rd edition of the IBF-International Book Forum that is to be held in Turin, Italy from the 13th to the 15th May 2010 and where India will be the Guest Country. Alongside female writers widely appreciated in the West, such as Anita Desai e Anita Nair, Vikas Swarup, the diplomat-writer who has found worldwide fame through the film Slumdog Millionaire taken from his novel, in Torino there will also be, among others, Namita Devidayal, Tishani Doshi Prem Shankar Jha, Radhika Jha, Sudhir Kakar, Kiran Nagarkar, Indra Sinha, Tarun Tejpal, Altaf Tyrewala. But there will also be Western writers who, like Gregory David Roberts, author of a cult novel set in Bombay, Shantaram, have given memorable depictions of India.
The International Book Forum is the business area of the Turin International Book Fair born to support meetings and business networks among international publishers, literary agents, producers and new media companies from all over the world. A well-established and a well-known event, the IBF has a very rich program: meetings, pitches, events where publishers can buy and exchange copyrights and to develop new literary projects for screen adaptations (fictions, feature films, documentaries, animation series).

For more information log on to en.salonelibro.it or contact Mr. Clinton Mendes at mumbai@ice.it

13 - 15 MAY, RAVENNA: INDIAN DELEGATION AT NAUTICAMED WORLD
The Italian Trade Commission, Mumbai is organizing a fully sponsored delegation for selected Indian Companies to the seventh edition of the international yachting event “NAUTICAMED WORLD 2010” that is to be held in Ravenna, Italy from the 13th to 15th May 2010. The event represents an interesting opportunity for all professionals wishing to explore or consolidate its presence in international markets. The event is aimed at the whole chain in the Italian sailing industry (from suppliers to shipyards, manufacturers of components / accessories installations, the fitters / designers for utilities and marine chartering, from planning / design of hulls and accessories to the testing of innovative materials).

Nauticamed World is widely promoted on the Italian territory with the support of several Chambers of Commerce, the Export Consortia and water bodies.

For more information please log on www.nauticitaly.it or contact Ms. Mitali Mukerjee at mumbai@ice.it

22 - 30 MAY, MUMBAI, TIRUPUR, KOLKATA: ROAD SHOW OF THE ITALIAN ASSOCIATION CONFARTIGIANATO
A delegation of experts of the Italian Association Confartigianato, representing more than 520.000 small and medium enterprises, will be visiting in India on a mission to develop ties with Indian companies in the textile, clothing and fashion accessories field. The initiative includes the participation of 6 technical Italian craftsmen with proven experience and technical knowledge of foreign markets and operating in the following sectors: clothing, knitting, spinning, textile, furniture and household linen. The delegation will be led by trade officials and analysts of ICE and Confartigianato. The objective of the mission will seek to know the local production through visits to selected Indian companies and to deepen the market opportunities both for procurement of raw materials (cotton, silk and wool) and for sale of finished products, industrial cooperation and transfer of know-how. The delegation of experts will come together for an initial briefing in Mumbai on May 22nd. To join or for more information, please contact Ms. Mitali Mukerjee at mumbai@ice.it


NEWS

CANALI OPENS SECOND STORE IN MUMBAI
Genesis Luxury Fashion Pvt Ltd recently unveiled the iconic Italian men wear brand, Canali's, new store at Palladium, High Street Phoenix, Mumbai. This is the sixth Canali store in India and second in Mumbai. The store showcases the Canali Nawab Collection launched last year especially for the Indian market. Commenting on the launch, Paolo Canali, marketing director, Canali said, “It’s wonderful to see how well the Indian market has embraced the Nawab Collection totally inspired by the rich, sophisticated history of the maharajas for elegance without equal and I am sure the new styles for summer will continue to get the same patronage."

Spread over 1500 sq. ft., the new Canali boutique reflects the characteristics of the brand into its interiors. Nauticamed World is widely promoted on the Italian territory with the support of several Chambers of Commerce, the Export Consortia and water bodies.

A leather-covered column with different widths, backlit by a light box wall, highlights the merchandise. Geometric composition in mahogany wood supports white shelves of different dimensions, which display Canali accessories.

DIESEL LAUNCHES TWO STORES IN MUMBAI
Partnered with Reliance Brands Ltd. the Italian iconic brand Diesel has launched 2 stores in Mumbai this month. One each in Bangalore, Delhi and Hyderabad, over the next few months is on the cards. Designed by the Diesel Creative Team, the two Mumbai stores exude their own distinctive identity and are not a replica of any other existing Diesel flagship in the world. They spread across 7,500 sq.ft. (the Juhu Tara Road store) and 2,600 sq.ft. (the one located inside the Palladium Mall in High Street Phoenix), and both stores feature Diesel apparel, 5 pockets, footwear, intimate, timeframes, shades, fragrances and accessories as well as limited-edition products developed in collaboration with other brands.



NERO D’AVOLA MADE IN INDIA
Vintage Wines Pvt Ltd (marketed under brand name Reveilo) has first launched Italian varietals of wines, Nero d’Avola and Grillo in India. The wines are available for institutional and retail sales. Grillo is the widely grown white-wine grape variety in Sicily and Nero d’Avola is Sicily’s most popular red grape. Reveilo’s consultant winemaker, Andrea Valentinuzzi, is himself an Italian, continuing the old traditions of taking a bit of Italy wherever he goes. Reveilo say that the growing conditions in Nasik in Maharastra are similar to those in Sicily, and this may mark the start of a new trend in Indian winemaking, and another flag on the world map for Italian grapes.




JOB AND INTERNSHIP OPPERTUNITIES

JOB: ITALIAN ASSISTANT FOR HIGH END FURNITURE COMPANY IN MUMBAI
Top Italian design/furniture company is looking for an Italian junior assistant to the country manager for their Indian operations. Office is in Mumbai. The ideal candidate shall be perfectly fluent in Italian (both writing, reading and talking) and preferably already living in Mumbai. The tasks will include keeping contacts with the Italian headquarter office, interacting with both Indian and Italian suppliers. If interested pls send your CV to mumbai@ice.it

INTERSHIP: ITALIAN TRADE COMMISSION MUMBAI
The Italian Trade Commission office in Mumbai is looking for a six month Intern for the June-Dember 2010 period. The ideal candidate shall perform the following tasks: assist the ITC trade analysts in the organization of seminar, workshops and trade fairs; data gathering and editorial support for market research, regional reports and sector profiles; assistance in updating the website and uploading the business opportunities, tenders and business leads in our central database. For more information or if interested in submitting your application please send your resume to mumbai@ice.it


NEW MARKET RESEARCH & PUBLICATIONS

India: State Profile of West Bengal
Market Research 2010
Italian Trade Commission, Kolkata conducted a study on West Bengal during 2009/10 highlighting the investment potential sectors of the State. This includes among others ‘Agro Industries’; ‘Physical Infrastructure (comprising - roads, ports, airports, power, real estate and urban development, IT & ITES); ‘Social Infrastructure (comprising health, retail, education & culture); ‘Petrochemicals’; ’Micro & Small Scale Enterprises (comprising - leather, textile, gems & Jewellery, handicrafts) and ‘Tourism’.

The objective is to assist the prospective and incumbent Firms/Investors in the State of West Bengal with the relevant economic information in order to facilitate the Italian companies in their internationalization process and stimulate various forms of commercial and industrial collaborations between Italian firms and Indian counterparts in West Bengal. For more information and to get a copy of this publication, please contact Ms. Muroti Chatterjee at Italian Trade Commission office, Kolkata. Email: calcutta@ice.it


The Home Textile Furnishing Industry in India
Market Research 2009
Italian Trade Commission, Mumbai, has commissioned this research study on Textile Clothing and Apparels sector in India. Ace Global Private Limited, a consultancy company based in New Delhi, has been appointed to undertake the study. The textile industry in India is one of the largest segments of the Indian economy accounting over one fifth of the country’s industrial production. It provides employment to around 15 million people. The Home Furnishing industry in India falls under the textile industry sector. The total urban market for the home textiles in 2006-07 was estimated to be USD 2 billion. With a modest growth rate of about 14%, the market in 2008-09 was about USD 3 billion and is expected to cross USD 4.5 billion by 2012.

The research covers various aspects of this sector, such as the market characteristics, the production in India, the structure of the foreign trade, competition, regulations and legislations and the marketing and distribution. The objective of this study is to provide European entrepreneurs with useful information to enter the Indian market and to identify concrete form of industrial cooperation with local firms or high range firms together with suppliers of raw materials.

To get a copy of this publication please contact Ms. Jocelyn Fernandez at mumbai@ice.it



 


MIRC - THE "MADE IN ITALY" RESOURCE CENTER

Following the great annual appointment with the SALONE DEL MOBILE in Milan which took place a few weeks back, the Italian Trade Commission is glad to present our Indian friends with the following Design publications:

Book: 100 objects of Italian design
Edited by Silvana Annicchiarico
The latest edition of the catalogue of the itinerant exhibition 100 objects of Italian design is now available at ICE Mumbai. It presents some of the most important pieces in the Permanent Collection of Italian Design of La Triennale di Milano. Silvana Annicchiarico, director of the Triennale Design Museum, is the curator of the exhibition.

The Milan Triennale is an Italian State institution which, together with the Municipality of Milan and the Lombardy Region, is charged with preserving and promoting Italian Design as well as carrying out research in framework programs focusing on town planning, architecture, handicrafts, industrial production, fashion, new media, etc.

In its long history, the Milan Triennale has always followed developments in the field of applied arts; from the thirties to the post-war years, during the reconstruction years and the country's economic miracle and later

during the economic and energy crisis of the seventies. Since the eighties, Milan has increasingly become an international center of design. The Triennale played a leading role in organizing important qualitative events that have enhanced the city's image. The Triennale also helped organize the foundation for the Museum of Design. To achieve its goals, the Milan Triennale has established its own Research Center and a Permanent Collection of Italian Design.

Now available for consultation at the Italian Trade Commission office at the Gateway of India, Mumbai. For more info contact Ms. Jocelyn Fernandez: mumbai@ice.it


Set book + DVD: Design interviews - Achille Castiglioni
Edited by Alessi Museum, Published by Corraini, Mantova

We are presenting the first series of small books with an accompanying DVD edited by the Alessi Museum in cooperation with the Corraini publishing house in Mantova.

These contain interviews / lessons on design by one of the creators who have helped make Alessi ''The Dream Factory'' that we all know and love: Achille Castglioni. He was born in Milan in 1918 and died in 2002. His professional activities spanned throughout the fields of Architecture and Urban Planning; he earned international recognitions for his projects applied to serial production in the fields of lighting fixtures and furniture as well as for his breathtaking installations realized around the world. MOMA’s permanent collection in New York hosts 14 of his works.

Now available for borrowing, one DVD at a time or all together (2 days free of cost) at the Italian Trade Commission office at the Gateway of India, Mumbai. For more info contact Ms. Jocelyn Fernandez at mumbai@ice.it


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