NIBM 2017 first after movie

The 11th edition of the Netherlands India Business Meet (NIBM) with this year’s theme: Tomorrow’s Business – TODAY! The NIBM is organized in cooperation with HCL and co- sponsored by ING and Municipality of the Hague.

This event was hosted the 10th of May 2017
Enjoy the first after movie of this event

 

Exclusive Broadcasting of PM Modi’s Visit

Saturday 15 July 2017, exclusive broadcasting of PM Modi’s visit to the Netherlands on 27 June with Dutch subtitles on RTV7!

Zaterdag 15 Juli 2017: Exclusieve uitzending van het bezoek van de Indiase premier Narendra Modi aan Nederland op 27 juni 2017 met Nederlandse ondertiteling op RTV7!

Time/Tijd: 20:00 uur Channel/Kanaal: Ziggo kanaal 75 en KPN kanaal 93

Source Photo: Sarnami TV

Modi

NICCT associate of Vibrant Ceramics

We are pleased to announce that NICCT is selected as Overseas Associate of Vibrant Ceramics and Summit 2017 in Gujarat, India.
World’s largest Ceramic Exhibition of finished Ceramic Products. More information will follow soon.
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NICCT member Professor Pushpita Awasthi awarded Padmabhushan Moturi Satyanarayan Award

Professor Pushpita Awasthi was awarded Padmabhushan Moturi Satyanarayan Award for the  promotion of Hindi and writing abroad by the President of India, Mr. Pranab Mukherjee on 30 May 2017. This distinguished award was announced by the Central Hindi Institute, an International level organization within the ambit of Department of Higher of Education, Ministry of Human Resource Development, India. The award carried Rs. Five Lacs, a citation and a shawl.

Dr. Pushpita was born in Kanpur, North India. She studied at the renowned Kashi Hindu University, Varanasi, India, and later 20 years headed the Department of Hindi at a college of Kashi Hindu University till 2001. In 2001 she moved to Suriname (South America) as First Secretary and Professor of Hindi at the Indian Cultural Centre of the Indian Embassy at Paramaribo. Her love for Hindi drove her to bring together a Hindi community in Suriname. She organized the seventh World Hindi Conference in 2003 at Paramaribo.

Dr. Pushpita’s poetry collections include Shabd Bankar Rahti Hain Rituyen (1997), Akshat (2002), Ishwarashish (2005), Hridaya Ki Hatheli (2007), Ras Gagan Gupha Me Ajhar Jharai (2007), Antardhwani (2009), Devvruksh (2009), Shail Pratimaon Se (Hindi, English and Dutch) (2010), Tum Ho Mujhme (2013), Shabdon Me Rahti Hai Wah (2014), Bhojpatra (2015), Garbh Ki Utaran (2016). Her poems are also included in an international magazine Poetic Bond V (2015) and Poetic Bond VI (2016) from Willowdown Books, U.K.  In her poems the everyday, contemporary experience echoes the mystic poetry of Kabir and the love poetry of sanskrit poet Jaidev.

Her poetry collections are also published in English and Dutch languages: In Woordenbestaat Ze, Amsterdam, India Institute, 2008; Hetbeeld in de rots (Dutch), Amrit Consultancy, Netherlands, 2010; The Statue in the rock (English), Amrit Consultancy, The Netherlands, 2010, Devvriksh (Poems in Hindi and English), Remadhav Art Pvt. Ltd, Ghaziabad, India 2009; Echoes in the Earth, Willowdown Books, U.K. 2016. Echoes in the Earth was also released in the Lucknow Literary Festival of India, on 28th October 2016. The editor of the Poetic Bond, Trevor Maynard, commented on her poetry: “Pushpita’s works swirls with energy: darting and surprising, leaping and resting, comforting and challenging. Energy which, it was my role to find melody and harmony, to bring together in such a way as the work would flow with the ease of the Ganges, intrinsic to the soul of humanity, of the planet, and of the universe. This collection is therefore, a journey – a spiritual, philosophical, and human journey.”

Apart from two collections of short stories she has also published a novel in Hindi called Chhinnamool. This is the first ever novel written in Hindi on the life of people of Surinam.

Dr. Pushpita has delivered many lecturers on Indian culture and recited poems in various Caribbean countries of the world including Europe, America, South America, Japan, Australia etc. She is an examiner of PhD Degree and Dissertations in Hindi Language and Literature in various Universities abroad.

Dr. Pushpita has been permanently living in the Netherlands since 2001. In 2006 she founded “Hindi Universe Foundation” for the promotion of Indian culture, literature and humanitarian causes. At present she is the director of this Foundation. She is also member of Indian Diasporas organizations all over world.

Brainstorm session with H.E. Mr. Venu Rajamony

Interactive and brainstorm session on bilateral trade between Netherlands and India, Indian Diaspora, NICCT’s major upcoming events and more with Indian Ambassador H.E. Mr. Venu Rajamony, special guest Sri Lanka Ambassador H.E. Mr. A.M.J. Sadiq with NICCT’s board members, patron members FOTOand NICCT Youth. 

INDIASE PREMIER VOOR EERST SINDS 2004 in NEDERLAND

0001ARTIKEL UIT HET FINANCIËLE DAGBLAD d.d. 26 juni 2017

Indiase premier voor het eerst sinds 2004 in Nederland
Landbouw en watermanagement zijn voorname thema’s bij bezoek Modi

Aletta André / New Delhi

De Indiase premier Narendra Modi brengt morgen een eendaags bezoek aan Nederland. Op de agenda staat versterking van de relatie tussen de twee landen, met speciale aandacht voor landbouw en watermanagement.

Het bezoek van Modi komt op een goed moment, zegt de Nederlandse ambassadeur in India Alphonsus Stoelinga. Tijdens het staatsbezoek van premier Mark Rutte aan India in juni 2015 zijn veel samenwerkingsplannen gemaakt. ‘95% van die plannen is in praktijk gebracht’, zegt Stoelinga. ‘Nu is het goed duidelijk wat India en Nederland voor elkaar kunnen betekenen.’

Zo zijn zowel het technologische instituut Deltares als ingenieursbureau Arcadis betrokken bij de schoonmaak van de rivier Ganges en geeft Nederland advies aan de Indiase overheid op het gebied van landbouw.

Ruim 200 Nederlandse bedrijven zijn actief in India, tegen zo’n 160 twee jaar geleden. Vooral kleine en middelgrote bedrijven in sectoren als landbouw weten India steeds vaker te vinden, ter- wijl gevestigde grote bedrijven als Shell, Philips en DSM flink aan het uitbreiden zijn.

‘India is een grote economie aan het worden, dus daar moet je zijn’, zegt directeur-generaal van Buitenlandse Economische Betrekkingen Marten van den Berg, die vorige week een handelsdelegatie van Nederlandse bedrijven naar India leidde. ‘China valt terug naar een normaal groeipercentage. Ook Brazilië is fors teruggevallen als groeimotor. Dan wordt de Indiase economie aantrekkelijk vanwege het groeipotentieel, met heel veel mensen en heel veel koopkracht.’

In 2016 was de economische groei in India 7%. Consumentenuitgaven zullen tot 2025 naar verwachting verdrievoudigen. Ook de hervormingsagenda van premier Modi — hoewel deze volgens critici lang niet ver genoeg gaat — trekt buitenlandse bedrijven aan. Zo wordt belastingheffing meer gecentraliseerd en mag vanuit het buitenland in meer sectoren worden geïnvesteerd.

Andersom kiezen meer Indiase bedrijven voor Nederland als Europese uitvalbasis. Dit aantal is de afgelopen jaren gegroeid tot ruim 200. India is de op vier na grootste investeerder in Nederland en 20% van alle Indiase export naar Europa komt binnen via Nederland.

Doelend op de protectionistische tendens van de VS, zegt voorzitter Vipin Moharir van de Netherlands India Chamber of Commerce and Trade (NICCT) in Den Haag: ‘Zeker gezien de relatie met de VS onder president Trump zal de relatie van India met de Europese Unie de komen- de jaren belangrijker worden.’  Volgens hem zien steeds meer Indiase bedrijven het voordeel van Nederland als toegangspoort tot Europa: ‘Dat heeft te maken met de strategische positie en goede verbindingen met de rest van Europa.’ Het aantal leden van de NICCT steeg in 2016 met 20% tot circa 150 bedrijven.

Het groeiende verkeer tussen Nederland en India is ook zichtbaar in het aantal rechtstreekse vluchten tussen de landen. In 2015 was dat er één, terwijl KLM en de Indiase vliegmaatschappij Jet Airways nu vijf verbindingen verzorgen tussen Amsterdam en Delhi, Bombay en Bangalore.

Modi wordt morgen ontvangen door premier Mark Rutte op het Catshuis in Den Haag en door koning Willem-Alexander en koningin Máxima op de Eikenhorst in Wassenaar. Verder staan een bedrijfsbezoek en een ontmoeting met leden van de Indiase en hindoestaanse gemeenschap in het Zuiderpark in Den Haag op de agenda.

Het is voor het eerst sinds 2004 dat een Indiase premier Nederland bezoekt. Toen was Manmohan Singh in Nederland voor de EU-India Summit.

 26-06-2017 © Het Financieele Dagblad

Three Reasons to Invest in India Right Now

Three Reasons to Invest in India Right Now

The world’s largest democracy is showing no signs of slowing down.

Invest in indiaThe world’s largest democracy is growing by leaps and bounds compared to most developed countries, which hardly move the needle these days. India should continue outpacing the rest of the world for the foreseeable future thanks to ambitious government reforms aimed at stoking consumer demand, production and foreign investments. All the while, India stands to benefit from the so-called “demographic dividend.” It’s expected to be the world’s youngest country by 2020 with nearly two-thirds of its 1.3 billion people of working age and in their prime spending years.

In the long term, India’s market potential looks attractive for investors. While valuations are expensive right now, which might deter short-term investors and investors looking for lower cost assets, today’s expensive stocks may be irrelevant in the future because of India’s significant opportunity for growth.

World’s fastest growing country

India reigns supreme as the fastest-growing G20country with an economic growth of around 7.5 percent annually since 2014. Consulting group PwC forecasts real GDP growth of 7.3 percent this year, followed by 7 percent expansion in 2018 and an average of 6.5 percent annual growth between 2019 and 2023. By contrast, China’s growth is seen slowing to 6.5 percent this year and 6.1 percent in 2018. Growth estimates for the People’s Republic range from 5 percent to 7 percent for 2019 to 2023.

Ambitious government reforms

India’s government is on the brink of enacting the most epic post-independence tax reforms that will unify the entire country into a single market. The nationwide goods and services tax (GST) — an effort 10 years in the making — is set to go into effect July 1. It will potentially lower prices for consumers while reducing bureaucratic bottlenecks for businesses. It is music to the ears of most industries and will reportedly juice economic growth by one to two percentage points.

The GST aims to replace more than a dozen levies dividing the country and turn India into a one-nation, one-tax common market. It will support business growth as it simplifies India’s Byzantine tax system — a tangled mess of local, state and national laws. Manufacturing costs should come down as a result and in turn make Indian exports more competitive. Taxes on commodities are expected to fall, lowering prices on end products.

Large youthful population driving innovation, productivity and growth

Most developed countries face an aging population past their prime working and spending years. India is the polar opposite. India is set to become the world’s youngest country by 2020 with 64 percent of its population in the working age group; the average age will be 29. With 1 million people entering the labor force every month, India abounds with young human capital essential to driving innovation, productivity and consumer spending over the long term.

Demographic trends favor a growing labor force through 2040 given the young population and low labor participation rates for women. Furthermore, some 70 percent of India’s population still lives in rural areas. The potential increase in productivity that goes hand-in-hand with urbanization is enormous.

Apple has long outsourced tech support and software development to India. It will soon produce iPhones there as well. The world’s largest tech company is positioning itself to grow its thin slice of the country’s fast-growing smartphone market and ease the sting of China’s rising labor costs. Wistron, a contract manufacturer, is set to kick off iPhone SE production in April in the city of Bengaluru in Karnataka state.

India’s manufacturing output grew at the fastest rate in five months in March as new orders accelerated. The Nikkei Manufacturing Purchasing Managers’ Index climbed to 52.5 in March from 50.7 in February improving for a third month straight, according to IHS Markit. The new orders index climbed to a five-month high of 53.6 in March from 51.3 the previous month. Readings above 50 draw the line between growth and shrinkage.

First quarter global leader

First quarter 2017 marked dramatic turnaround for India’s stock market after in a dismal fourth quarter. India Region Funds tracked by Lipper Inc returned an eye-popping 20 percent in the first three months of the year as stocks scaled new all-time highs. India’s performance dwarfed World Equity Funds which gained 9 percent in first quarter.

Investors cheered the Bharatiya Janata Party’s (BJP) victory in critical state elections in mid-March. The win boosts the odds the BJP — to which Indian Prime Minister Narendra Modi belongs — will continue its reform agenda and attract foreign investors. Modi, secured in power until at least 2019, will likely double down on his plans to improve infrastructure.

India Funds also outpaced all other regions long term. Through March 30 of this year, they gained 26 percent, 15 percent and 10 percent over the past one, three and five years annualized. By contrast, World Equity Funds added 13 percent, 2 percent and 6 percent over the same periods. The India Fund (IFN) surged 20 percent in first quarter. It returned 40 percent in the trailing year, 24 percent annualized the past three years and 17 percent annualized over five years.

Foreign inflows into India’s equity market topped $6.6 billion in the first quarter of 2017, offsetting the sell-off in fourth quarter 2016, according to Jefferies. Foreign inflows into rupee-denominated government and corporate bonds rose by $5.5 billion — most of which came in March. Local sovereign bond yields are among the highest in Asia. India’s 10-year government notes yield nearly 7 percent — about 4 percent more than their U.S. counterparts. Against this backdrop, the rupee appreciated 4.7 percent against the U.S. dollar in the first quarter. It logged its best Q1 performance since 1975 and its largest quarterly gain since third quarter of 2012.

The outlook for India’s stock market remains positive on expectations of continued government-led economic reforms, lower interest rates and corporate earnings growth. Earnings growth is likely to improve over the next two or three years considering the low base, stable commodity prices and a resurgence of consumer demand. Indian households are increasingly saving money in stock-based investments like mutual funds owing to weak outlooks on hard assets like real estate and gold.

Source: http://www.wealthmanagement.com/equities/three-reasons-invest-india-right-now

NIBM 2017

The Netherlands India Chambers of Commerce and Trade (NICCT) hosted the 11th edition of the annual flagship event – the Netherlands India Business Meet (NIBM) with this year’s theme: Tomorrow’s Business – TODAY!

The NIBM was organized in cooperation with HCL Technologies and co-sponsored by ING and Municipality of The Hague.

With about 150 attendants, this year’s NIBM was a great succes!

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