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 FROM THE PRESIDENT’S DESK
Dear All,
This is the first issue after my assuming the Office of the President of BCIC. Our e-newsletter has grown from strength to strength and has gained immense popularity not only amongst our members but also in the international trading community. I am sure with the support of the members and Trade Offices we will continue to improve in the format and content of this newsletter.
It is heartening to learn that IMF has projected India’s Growth for the year 2010 to 9.5 per cent. The upswing has been attributed to robust corporate profits and favourable financing conditions that have fuelled investment. The Indian Government expects the economy to grow around 8.5% during the fiscal year 2010-11 (April-March).
Recently, we had an interesting Interactive Session with the Japanese Ambassador coinciding with our Annual General Meeting and the Chamber has advocated the Chennai-Bangalore-Mumbai Industrial Corridor (CBM) and the Ambassador has supported this idea. If this fructifies, it will offer innumerable business opportunities for the State of Karnataka.
The State very recently organized the Global Investors Meet which was a phenomenal success and more than  4 lakh crore investments worth MoUs were signed. Our Chamber is closely supporting the State Government in monitoring these projects.
Like in the past, the current issue features some interesting articles such as Investment Opportunities in Agri Food Industry in Western Australia; India-Singapore CECA Agreement; India-South Africa Bilateral Trade besides our regular articles such as Foreign Trade Data, Trade Enquiries and Technology Information etc.
Thanking you.
Shekar Viswanathan
President, BCIC |
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