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NEWSLETTER #27
 
EAT ITALIAN!
The Best of Italian Food & Wine in Delhi & Mumbai: 11-14 November 2013  

#The Italian Trade Agency is organising a ROAD SHOW event for the food and wine sector. Eight Italian companies would be participating with niche products. B2B meetings would be organised and Italian company representatives would interact with Indian importers in respective sector. This would also be accompanied by Italian food tasting sessions. The Road Show will be held in two Indian Cities: 11 November in New Delhi and 13 November in Mumbai.

For more information and registrations please contact

NEW DELHI - newdelhi@ice.it

MUMBAI - mumbai@ice.it

 
 
 
ICE NEW DELHI & GSE WILL ACTIVATE AN 'OBSERVATORY' ON RENEWABLE ENERGY IN INDIA   INDIAN DELEGATION TO VALENZA GIOIELLI:
25-29 OCTOBER, VALENZA (ITALY)

# ICE New Delhi will activate in this month of October 2013 an 'Osservatorio' dedicated to renewable energy in India. In partnership with GSE, the Osservatorio will provide a framework of legislation in the field of renewable energy and will monitor the opportunities and projects approved in India that could be of interest for the Italian suppliers of technology and solutions for this growing sector in the country. GSE is the state-owned company which promotes and supports renewable energy sources in Italy. 33 Italian companies have already joined the ICE-GSE initiative in India.

To know more please click here



#On behalf of Regione Piemonte and the Chambers of commerce of Alessandria and Torino, Italian Trade Agency, trade promotion office of the Italian Embassy, New Delhi is organizing a business delegation from Sri Lanka to visit Valenza Gioielli 2013. Valenza Gioielli is an international exhibition of jewelery which is held every year in Valenza, the capital of the district of North West Italian jwellery, in the province of Alessandria. The event, promoted by the Valencian Goldsmith, is the most eagerly awaited by professionals, who are preparing for tradition the windows for Christmas, a period which represents more than a quarter of jewelry sales in the year.For more information on the delegation please contact at newdelhi@ice.it

To know more about the fair please click here

 
 
MACRO ECONOMIC UPDATES
 
WHOLESALE INFLATION RISES TO 6.46% IN SEPTEMBER 2013
 
#India's wholesale inflation accelerated to 6.46% in September from 6.1% in the month before because of rising vegetable prices, including that of onion which increased more than four-fold during the month. For July, the final wholesale price index (WPI)-based inflation was revised higher to 5.85%. The Reserve Bank of India (RBI) is scheduled to announce its second-quarter monetary policy on 29 October 2013. Even against the backdrop of weak economic growth, some experts expect the central bank to raise the repo rate to tame inflation.For more information please click here
 
 
RULES & REGULATIONS
 
COMPANY ACT, 2013 TO REPLACE 6 DECADE OLD COMPANY ACT, 1956
 
#The Companies Act, 2013 (Act) has received the assent of the President of India on 29 August 2013 and was notified in the Gazette of India on 30 August 2013. The Act will replace the 6 decade old Companies Act, 1956. The Act has brought in various changes which intend to lead companies towards better governance, improved compliance and stricter enforcement processes. The Act emphasizes on corporate democracy and introduces, among others, Corporate Social Responsibility (CSR). The Act should be enforced in phases. Ministry of Corporate Affairs (MCA) has initiated the process to implement the Act in consultation with concerned regulatory authorities, ministries and other stakeholders in a transparent and interactive process. For more information please click here
 
 
NEWS
 
ITALY EYEING INVESTMENTS INTO INDIA'S TIER-II CITIES
 
#From law firms to machine tools Italy is eyeing all segments for investing aggressively into smaller Indian cities. The country, believes that this is the opportune moment when Italian companies can make India their manufacturing hub through greater collaboration, particularly, in the small and medium segment. Italy is India's second largest trading partner after Germany within the European Union (EU) with two-way merchandise trade reaching Euros 8.5 billion in FY12. The Ambassador of Italy to India highlighted the investment scenario where where he said that India invests one-tenth of what Italy invests here. For more information please click here
 
ITALIAN BESPOKE LUXURY BRAND KITON TO LAUNCH IN INDIA: MUMBAI & NEW DELHI
 
#Kiton is a luxury, bespoke clothing company co-founded in 1956 as CIPA in Naples, Italy by Ciro Paone, a fifth-generation fabric merchant, and Antonio Carola. Having stores in Azerbaijan, China, England, France, Germany, Hong Kong, Italy, Russia, Saudi Arabia, Singapore, South Korea, the Ukraine, the United Arab Emirates and Uzbekistan, Kiton now to enter India with its launch in two commercial cities Mumbai on 17 & 18 October and New Delhi on 19 & 20 October 2013. Personal appointments can be booked in advance by contacting at dushyant@regalialuxuryretail.com or siya@elsol.com
 
 
JOBS & INTERNSHIPS
 
ADECCO ITALIA S.P.A IS LOOKING OUT FOR ONE OF THEIR CLIENTS, A FINANCE MANAGER
 
Adecco Italia spa is looking for one of their client, an international company, a finance manager. His/her functions would be to perform monthly budgetary control, analyzing deviations and proposing improvement plans, manage departments performance, develop tools to accurately model and forecast cash availability and liquidity under various scenarios, provide administrative performance standards through out the company duly updated, manage annual audit process for Italian government. He/she must have a bachelor degree in Accounting or Finance, and 4+ years of corporate Finance/Accounting experience and experience as a Controller or Finance Manager. He/she has strategy and business overview, strong background with the ability to perform and simultaneously direct multiple tasks, negotiation skills. Must speak fluent Italian and English. All interested candidates can apply by sending their CV to chiara.piselli@adecco.it
 
 
UPCOMING EVENTS
 
25 OCTOBER       NEW DELHI: IT's TISSUE WORLD TOUR CONFERENCE AT ITALIAN CULTURAL CENTRE
 
#IT's Tissue World Tour, an international cycle of 8 show conferences entitled Technology, Culture and Tourism. The tour that will include eight prestigious institutional locations worldwide and will describe how Italian entrepreneurial excellence, united with culture, with the territory and with non-conventional marketing projects, can become an original means to allow people to rediscover the Made in Italy. The tour is organised in collaboration with the Ministry of Foreign Affairs, ICE (Italian Trade Agency), Enit (National Tourist Board), Regione Toscana. For more information please click here
 
17-20 OCT            MUMBAI: ACE TECH 2013
 
#The Ecomomic Times Presents ACETECH 2013, which is solely dedicated to the fast growing and the very popular construction industry. The Indian construction industry has a major influence on our nation's economy. The construction industry is amongst one of the fastest growing sectors in India and comes with a promising future. As the national economy grows a social and financial demand for infrastructural update increases. A strategic study of this growth shows us the evident signs of multiplying opportunities due to increase in demand.For more information please click here
 
19-20 OCT            AHMEDABAD: HEALTH & HOSPITALITY TECH 2013
 
#Hospital Tech is a high profile international exhibition dedicated to the sectors of hospital equipment and healthcare infrastructure. The event is expected to take place in the city of Ahmedabad in Gujarat, India. More than 80 companies from all over the India and abroad are expected to make a beeline for the event and take part in the proceedings. The exhibition will be a major opportunity for the suppliers and manufacturers of hospital equipment to get exposure and visibility for the products that they represent at the exhibition. For more information please click here
 
7-9 NOV                MUMBAI: MRO INDIA - 3rd INTERNATIONAL NETWORKING CONFERENCE
 
# MRO India is a high profile international networking conference cum exhibition dedicated to the areas of maintenance, repair and overhaul of aircrafts of both commercial as well as defense sectors. The event has been mainly designed by the organizers in order to tap into the unexplored potential of the aviation industry of the country. MRO India will be a meeting place for all the leading industrial players in the country to display their products and services in order to gain visibility and exposure for their products and services. The high profile event hopes to rake in a lot of revenue and business for the participating exhibitors. For more information on the event please click here
 
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This newsletter is compiled & edited by the Italian Trade Agency office in Mumbai. ©