ECONOMIC NEWS

FROM INDIA
AUGUST 2010

IMPORTANT ECONOMIC DEVELOPMENTS

Indian economy grew by impressive 8.8% in April-June 2010

India’s gross domestic product (GDP) expanded by an impressive 8.8 per cent in
the April-June quarter of this fiscal - the fastest pace in nearly three years - on
the back of robust industrial growth, especially manufacturing. Manufacturing
expanded by strong 12.4 per cent in April-June, 2010. The 8.8% growth in the
April-June quarter is faster than the 8.6% expansion in the last quarter. Indian
economy averaged 9% growth in the four years to March 2008 but slowed to 6.7%
the next year due to the global economic crisis. It rebounded to 7.4% in the last
fiscal ending in March 2010. Finance Minister Mr. Pranab Mukherjee said that the
first quarter data were encouraging and that the growth could exceed Government
projections of expansion between 8.5% and 8.75% for the fiscal year as a whole.

India to become world's fastest growing economy by 2013-15: Morgan

Stanley
India is poised to accelerate its growth rate to 9-9.5% during 2013-15 on the back
of continuing structural reforms, globalisation and a sterling demographic dividend,
even as China will cool down to a more sedate 9% by 2012 and to 8% by 2015,
according to a report by Morgan Stanley.

M&A deals treble to near US$ 52 billion from 2009 level

India Inc's witnessed a total of US$ 12.5 billion worth of merger and acquisitions
(M&As) deals in July 2010 while a record has been set for the first seven months
from January-July 2010 where US$ 52 billion worth of M&A's have been closed,
over three times the total in 2009. The number of M&A deals so far this year
stood at 411.

Flow of fund to commercial sector witnesses a three-fold rise

The fund flow to the commercial sector has increased three-fold in the first quarter
of the financial year due to increase in the credit flow from the banking system,
housing finance companies and demand for funds for Initial Public Offers (IPOs),
reflecting a strong growth in demand for credit from the sector. The total fund flow
to the sector rose to US$ 53.52 billion in April-June 2010 from US$ 13.15
billion in the corresponding period last year.

FII inflows touch US$ 3.6 billion in June 2010

Re-writing India's growth story, fund inflow from foreign institutional investors
(FIIs) touched a total amount of US$ 3.6 billion into the domestic stock market in
June 2010, taking their total investment to over US$ 10.4 billion. FII inflows into
India this calendar year have already exceeded inflows over the full calendar year
2009. Net FII inflows into the debt market have grown over eight times from
little over $1 billion in 2009 to $8.25 billion in the first seven months of this year.

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PM Dr. Manmohan Singh tops Newsweek’s list of ten world leaders
Prime Minister Dr. Manmohan Singh heads the chart of Newsweek Magazine’s list
of ten world leaders, who have won respect. In an article titled, ‘The Leader Other
Leaders Love’, the magazine says “The economist-turned-politician Dr. Singh,
engineered the transition from stagnant socialism to a spectacular takeoff in the
global economy.” “The soft-spoken Singh is the model of what a political leader
should be,” the magazine quotes former International Atomic Energy Agency
Director-General and Egyptian Presidential challenger Mohamed ElBaradei as
saying.

Forex reserves jump by $1 billion to $283 billion

Forex reserves in India rose by US$ 1.037 billion in the week ended July 23, 2010
taking the reserves to US$ 282.9 billion. The entire pile-up in reserves during the
week was on account of the growth in foreign currency assets.

Auto sales at record 1,237,461 units in July

On the back of soaring demand in rural areas for passenger cars and two-wheelers,
the Indian automobile industry posted its highest monthly sales at 1,237,461
units last month, boosting India’s prospects for double-digit economic growth this
fiscal year. According to data released by the Society of Indian Automobile
Manufacturers (SIAM), auto sales grew 31.5 per cent in July 2010 over the
corresponding period last year. Global carmakers are increasingly focusing on India
as a small car manufacturing hub with leading producers, ranging from Toyota
and Honda to Ford and Volkswagen, releasing new models.

More Indians join the elite rich

The number of millionaires in India grew by more than 50 per cent in 2009. As per
the World Wealth Report released by Capgemini and Merrill Lynch Global Wealth
Management, last year, India's high net worth (HNI) population rose to 126,000,
from 84,000 in 2008.

India announces additional $20 million aid for Pakistan

India has announced an additional monetary assistance of $20 million to Pakistan
to help it tackle the worst-ever floods witnessed in recent past. External Affairs
Minister Mr. S.M. Krishna said that the decision followed Pakistan's willingness to
accept India's initial offer of $5 million, to be routed through the United Nations.

FINANCIAL FIT

Manufacturing expands for the 16th consecutive month in July 2010

HSBC Markit Purchasing Managers' Index (PMI)—a headline index designed to
measure the overall health of the manufacturing sector—went up to 57.6 in July
2010 from 57.3 in June 2010, marking 16th consecutive month of expansion in
manufacturing.

With $624-m profits, India is StanChart's biggest market

India has become Standard Chartered Bank's biggest market by profits for the
period of January-June 2010. Its operating profit before tax from the Indian region
was US$ 624 million for the period (highest from any region) and 19 per cent
higher for the corresponding period in 2009. This was also the first time that the
bank's Indian operations crossed the $1-billion mark in income at $1.011
billion.

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PM approves setting up of National Innovation Council
Prime Minister Dr Manmohan Singh has approved the setting up of a National
Innovation Council to prepare a road map for the decade of Innovation 2010-2020.
The National Innovation Council will be headed by Mr Sam Pitroda, Adviser to the
Prime Minister on Public Information Infrastructure and Innovations.

Tata Group begins global search for its chairman

Tata Group – the US$ 71-billion Indian industrial conglomerate - has set up a panel
to find the successor of its chairman Mr. Ratan Tata, 72, who has a towering
reputation in India for his business acumen and corporate responsibility. He has
served for about 20 years and was the architect of its international expansion. He
also sits on the boards of Fiat, the Italian carmaker, and Alcoa, the US aluminium
producer. The 140-year-old group has 98 operating companies, including India’s
biggest vehicle maker, its largest IT outsourcing company and the world’s seventh-
largest steelmaker. Tata Group drew international attention when it launched Tata
Nano, the world’s cheapest car.

INVESTMENT LOCATION INDIA

FDI proposals worth over US$ 496.84 million approved

The government has cleared 12 proposals for foreign direct investment (FDI) worth
over US$ 496.84 million. The major inflows are expected to be accounted for by
KKR Mauritius Cement Investments and Shriram City Union Finance.

AP Govt unveils new industrial policy

The new Industrial and Investment Promotion Policy (IIPP) for 2010-2015 will help
unlock investment potential in the state attracting about US$ 16.1 billion over the
next 5 years, according to the Chief Minister of Andhra Pradesh (AP).

Mitsui JV plans $1 billion steel plant in India

Japan's Mitsui and Co Ltd and its Indian partner plan to build a Special Economic
Zone (SEZ) in India that will house a $1 billion steel complex in Gujarat.

Germany to invest more in Haryana

Presently, Haryana is home to 95 German companies with an investment of US$
92.84 mn and is likely to get more investment from German companies,
according to Germany's Ambassador to India Thomas Matussek.

India's textiles sector attracted US$207. 57 million FDI in 2009

Foreign Direct Investment (FDI) in India's textiles sector increased 11% to
US$207. 57 million in 2009, compared to the previous year. Foreign Direct
Investment (FDI) in the textiles sector has been received mostly from Europe, the
US and China.

After Japan, Canada to partner Vibrant Gujarat 2011

The Government of Canada has accepted an invitation from the Government of
Gujarat to act as a Partner Country for the Vibrant Gujarat 2011 Summit. Canada
is the second country to partner the 5th edition of the global summit to be held on
January 12 and 13, 2011.

Global VCs upbeat on Indian economy: Deloitte

The billion dollar Indian venture capital (VC) industry is likely to significantly
expand in India, according to 2010 Global Venture Capital Survey by consulting
firm Deloitte Touche Tohmatsu. Venture capital investments in cleantech,

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healthcare, biopharmaceuticals and medical consumer businesses will significantly
increase in India, according to the survey.

JOINT VENTURES AND MERGER & ACQUISITIONS

Adani buys Aussie coal assets in $2.72 bn deal

Adani Enterprises Ltd has acquired an Australian coal asset of Linc Energy for US$
2.72 billion. This would be the largest single investment by an Indian company in
Australia and a second coal acquisition abroad for the company. It owns a coal
mine on Indonesia's Bunyu island that produces six million tonnes per annum
(mtpa).

BGR in US$ 954.76 million tie up with Hitachi, plans boiler unit
BGR Energy Systems Ltd has signed Joint Venture (JV) agreements with Hitachi
Ltd., Japan, and Hitachi Power Europe GmbH, Germany, a Hitachi subsidiary.
The first Joint Venture (JV) with Hitachi Ltd, Japan, is for design, manufacture,
installation and commissioning of supercritical steam turbines and generators for
thermal power plants while the second Joint Venture (JV) with Hitachi Power
Europe GmbH, Germany, would be for supercritical steam generators for thermal
power plants.

RIL to buy 60% stake in US shale firm for $392 mn

Reliance Industries (RIL) has agreed to buy its third shale-gas asset in the US,
acquiring a 60 per cent stake in acreages held by Carrizo Oil & Gas and its partner.
RIL would pay US$ 392 million for the stake in the Marcellus shale-gas areas of
Central and North East Pennsylvania. The acquisition will provide RIL access to
104,400 acres of underdeveloped land with estimated net resources of 3.4 trillion
cubic feet of gas. In April, it had acquired a 40% stake in Atlas Energy's Marcellus
share acreage in the US, gaining access to approximately 343,000 acres of
undeveloped land with estimated gross resources of over 13 trillion cubic feet of
gas. It paid $1.7 billion for this. In June, RIL bought a 45% stake in Pioneer
Natural Resources for $1.15 billion, gaining access to 210,000 acres of land.

SBI Macquarie fund picks up 11% stake in Viom Networks

Macquarie-SBI Infrastructure Fund (MSIF) has picked up 11 per cent stake in Viom
Networks, for an investment of US$ 304 million. MSIF is a joint venture (JV) of
Macquarie Capital and State Bank of India (SBI).

Bradford forms joint venture with Franchise India

US-based Bradford Licensing, LLC has entered into a joint venture (JV) with
Franchise India Holdings Ltd to form Bradford License India (BLI). The JV will focus
on comprehensive licensing programmes including design, development and
management of the acquired licensing property.

INFRASTRUCTURE INVESTMENTS

Public Private Partnership for highway projects

The Public-Private Partnership Appraisal Committee (PPPAC) has approved a total
of 87 projects including 77 highway projects since 2006. With an extensive road
network of 3.3 million kilometers, India is the second largest in the world.
Indian road construction projects have become a lucrative and emerging
investment opportunity for numerous international giants like Deutsche Bank
(Germany), Emirates Trading Agency (Dubai), the Isolux Corsan Group (Spain),
Italthai (Thailand), Baelim (Korea), Dyckerhoff (Germany), Widmann AG
(Germany), etc. Road development is a priority sector and the ongoing focus on
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the highway infrastructure development is targeted to projected annual growth of
12-15% for passenger traffic and 15-18% for cargo traffic. The project has been
attracting huge Foreign Direct Investment (FDI).

Total investment in infra projects higher at 53%: RBI study

According to a study on corporate investments by the Reserve Bank of India (RBI),
the total investments in infrastructure projects at US$63.2 billion was about 53 per
cent higher in 2009-10 as compared to US$32.04 billion in 2008-09.

Cabinet approves Hyderabad metro project deal for L&T

Larsen and Toubro (L&T) has secured Andhra Pradesh Cabinet's approval for the
Hyderabad metro rail project for a financial bid of US$ 2.62 billion.

Highway toll collection rises 15%

The National Highways (NH) collected toll worth US$ 551.8 million during 2009-10,
an increase of 14.18 per cent from US$ 426.5 million collected during 2008-09,
according to Minister of State for Road Transport and Highways.

Cement production will rise 10%

Cement production this fiscal year looks set to see a 10 per cent rise, slightly
higher than normal, and may touch 300 million tonnes. Housing, infrastructure
projects and the nascent trend of concrete roads would continue to accelerate the
consumption of cement.

Tamil Nadu attracts big investments to create jobs for 8,600 people
Government of Tamil Nadu has inked memoranda of understanding (MoUs) with
three corporates — Indian Oil, Videocon and J K Tyres — for setting up three major
industrial projects, near Chennai and Madurai, entailing an investment of US$
2.81 billion and aiming to generate direct employment for 8,600 people.

DLF, Unitech, Emaar & Ansal plan to launch US$427,517 plus homes
DLF, Unitech, Emaar MGF and Ansal API are gearing up to launch plush housing
projects, where a single unit costs upwards of US$ 427,517, over the next six
months.

TRADE UPDATE

Exports rise 30.4% in June and imports jump 23%

Total exports in the first quarter of this fiscal were worth $50.8 billion rise by
32.25% over the same period last fiscal. Engineering, oil, iron ore, chemicals,
gems and jewellery, exports stayed in the positive territory for the eighth
consecutive month with shipments in June posting a 30.4% growth over the same
month last year to touch $17.75 billion. Imports in June were $28.3 billion, up
23%. Oil imports recorded a 25% growth in June.

India, UK to double trade in 5 years: PM

Prime Minister Dr. Manmohan Singh said India and the UK are to work towards
doubling bilateral trade in five years. At a meeting with the visiting British Prime
Minister Mr. David Cameron, the two countries also decided to constitute an India-
UK Infrastructure Group to strengthen cooperation.

Handicraft exports to touch US$2.14 billion mark

Buoyed by a surge in demand from the US and Europe, India's handicraft exports
are expected to increase by more than 12% in the current fiscal to touch the
US$2.14 billion mark, Export Promotion Council for Handicrafts said.
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Govt relaxes built-up area norms for SEZs in smaller cities
The Government has relaxed the minimum built-up area norms for special
economic zones (SEZs) tax-free enclaves coming up in smaller cities. The move
would mainly spur investments in IT/ITES SEZs in Tier 2&3 cities.

AUTO SECTOR

Truck sales rise 52% in July with strong economic growth

Truck sales in July 2010 rose by 52.30 per cent to 24,469 units, due to high
demand for cargo transportation indicating a buoyant economy. Truck sales in the
next two months are expected to be higher.

Mercedes-Benz upbeat on sales in tier-III cities

German luxury car maker, Mercedes-Benz is optimistic about sales in the tier-III
cities of India, and plans to expand its presence in these markets. The firm
currently has 56 touch points in 26 cities. Mercedes has also launched its E-class
Cabriolet in India.

Kamaz Vectra to double capacity at Hosur plant

Indo-Russian commercial vehicle joint venture (JV) Kamaz Vectra Motors Ltd plans
to more than double the annual capacity of its heavy duty trucks to 12,000 units at
its Hosur plant by 2012 to capture a larger segment of the fast-growing market in
India.

Audi to expand dealership network in India

The German luxury car manufacturer, Audi plans to open three new dealerships at
Lucknow, Coimbatore and Nagpur in India. The company has reportedly sold 1,400
units by end of June 2010.

TELECOM TIPS

Indian telecom industry celebrates 50% tele-density

The Indian telecom industry celebrated its unprecedented achievement in 2010 by
recognizing some key leaders who have helped shape this sector into a $63 billion
business with a tele-density of 50%. The event saw Sunil Mittal being named the
Global Telecom Leader for 2010 for shaping Bharti Group's takeover of the African
assets of Kuwait's Zain Telecom.

New Internet protocol by December 2011

The Government has set a deadline of December 2011 for major telecom operators
to adopt the next generation protocol for Internet services in the country. Called
Internet Protocol version 6 (IPv6), the new standard will offer improved address
space, quality of service and data security capabilities.

IT MONITOR

India accounts for 21 per cent of the global outsourcing deals in Q2

The share of Indian service providers in the global outsourcing transaction volumes
stood at 21 per cent in the second quarter of 2010. The number of global
outsourcing deals in quarter ended June 2010 rose by 6.6 per cent over the year
ago period to touch 498 deals.

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Indian IT firms top Europe survey
Indian information technology (IT) service providers Cognizant, Tata Consultancy
Services (TCS) and Infosys have topped the latest ranking of service providers in
Europe, in a survey done by EquaTerra, an IT advisory service provider.

One Laptop Per Child supports India's $35 tablet PC

In the quest to deliver a high-tech learning device that anyone can afford, India's
Human Resource Development Minister, Mr. Kapil Sibal unveiled a prototype for a
$35 tablet computer, with the price possibility even dropping further to $10. The
founder of the One Laptop per Child (OLPC) scheme has offered the country full
access to OLPC hardware and software technology.

IT, BPO to create 30m jobs by 2020: Nasscom

The National Association of Software and Service Companies (NASSCOM) estimates
that the information technology (IT) and business process outsourcing (BPO)
sector will provide direct employment to 10 million and indirect employment to 20
million by 2020.

IBS to provide support services for Germany's TUI Group

Travel, transport and logistics major, IBS Software Services has entered into a
five-year deal with Germany-based, TUI Group Airlines to provide support services.

Personal computer sales rose 18 per cent in 2009-10

India's personal computer (PC) sales including desktop computers and notebooks
rose by 18 per cent to touch 8,030,000 units in 2009-10.

TCS top IT services exporter of FY10; Genpact leads BPO pack

According to ranking by Nasscom, Tata Consultancy Services (TCS) has ranked first
among IT services exporters for 2009-10 (in revenue terms), while Infosys
Technologies and Wipro held on to the second and third slot, respectively.

POWER POINTS

India, US sign Nuclear Reprocessing Pact

India and the United States formally signed an agreement on reprocessing spent
nuclear fuel that will allow American firms a share of India's $150 billion nuclear
energy market. The Civil Nuclear Cooperation Initiative has facilitated significant
new commercial opportunities across India's multi-billion dollar nuclear energy
market. India has an ambitious programme for development of civil nuclear energy
to meet its growing energy needs with a target to increase its installed capacity
more than seven fold to 35000 MWe by the year 2022, and to 60,000 MWe by
2032.

India’s growing energy needs

Reliance Power, one of India’s major companies, is building 16 power plants. Crisil
Research stated that the power-generation sector could receive more than US$ 78
billion investment in next five years. Moreover, Tata Power, another major
power-generation company, has estimated that it will be able to increase its
capacity by 180% in the next three years.

Orissa clears 4 power projects worth of US$ 8.6 billion

The Government of Orissa has cleared four new 1,320-mega watt (MW) capacity
each power projects entailing an investment of about US$ 8.6 billion.

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Greenko Group to invest US$ 3.22 billion on 'Energy and Oil City'
Greenko Group plans to set up an Energy and Oil City at Sonepur in Orissa's
Ganjam district at an investment of US$ 3.22 billion.

L&T bags US$ 1.41 billion power plant order

Larsen and Toubro (L&T) has bagged an order for US$ 1.41 billion for supply,
erection and commissioning of a generator package, piping and plant automation
for a 3 x 660 mega watt (MW) power plant being set up in Uttar Pradesh.

Sahara India Power Corporation Ltd to invest US$ 1.70 billion

Sahara India Power Corporation Limited (SIPCL) plans to invest US$ 1.70 billion on
its proposed 1320 mega watt (MW) power project at Titlagarh in Orissa.

THE OIL AND GAS STRATEGY

Investment proposal worth US$ 33.6 billion approved

The Ministry of Chemicals and Fertilisers has approved a proposal of investments
worth US$ 33.6 billion in three regions under its flagship petroleum chemicals and
petrochemicals investment regions (PCPIRs) policy.

INDIAN RETAIL MARKET AND FOOD INDUSTRY

Govt projects US$ 21.38 billion investment in food processing

The Ministry of Food Processing Industries has projected to invest about US$
21.38 billion during the 12th Five Year Plan to increase the country's food
processing capacities.

India plans to allow foreign retail investment

India reportedly plans to allow foreign individual investors to invest in its stock
markets as part of moves to reform its economy and boost growth. Foreign
institutional investors have poured around $11 billion into Indian equities in the
first seven months of this year. It is expected that the inflows for this year to top
the $17 billion record of 2007.

PE funds invested $300 mn in food processing, agri-based companies

Private equity (PE) investors have invested US$ 300 million in the food processing
and agri-based companies during January-June 2010, according to Grant Thornton.

AVIATION

BAE, Rolls-Royce ink India Hawk jet deal

BAE Systems and Rolls-Royce Group have received separate contracts worth £700
million (US$ 1.1 billion) to supply 57 Hawk advanced jet trainer (AJT) aircraft and
their engines to India.

Domestic airlines witnessed a 17 per cent growth during January-July

2010
According to the latest data collated by the Directorate-General of Civil Aviation
(DGCA), the domestic airlines flew 17.56 million passengers during January-July
2010 as against 14.53 million passengers in the corresponding period in 2009.

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PHARMA, BIOTECH AND CHEMICAL INDUSTRY

India among top drug makers in the world

India’s drug industry is expected to grow about 13 percent this year, to just
over $24 billion. India is becoming a “base for manufacturing for the global
market,’’ according to the chairman of Piramal Healthcare, Mumbai.

Dr Reddy's launches biosimilar drug for anaemia treatment

Dr Reddy's Laboratories Ltd has launched Cresp, the first generic darbepoetin alfa
drug in the world for the treatment of anaemia due to chronic kidney disease and
anaemia due to chemotherapy.

Indian biotech industry grew 17% in 2009-10

India’s biotech industry clocked a 17% growth with revenues of US$ 2.97 billion
in the 2009-10 financial years over the previous fiscal. The industry witnessed a
three-fold growth in the last five years.

Drug market grows 20% in H1; foreign firms tighten hold

India's drug retail market grew 19.6 per cent in the first six months of 2010. A
large number of foreign drug makers have been attracted to India, driven by a 17
per cent growth in the local drug retail industry in 2009.

Bilcare to buy INEOS’ plastic film-making unit for US$ 130.15 mn

Indian pharmaceutical product packaging company Bilcare is reportedly buying the
plastic film-making unit of UK-based petrochemical company INEOS for US$
130.15 mn. Under the deal, Bilcare’s German subsidiary Bilcare AG will buy
INEOS’ film-making business globally. The acquisition will give Bilcare closer access
to customers in Europe and the US.

INDO – GERMAN

The cheapest Car in the World, the Tata Nano is poised for its Launch in
Germany
The Bavarian distribution company Green Rent is planning to sell the Tata Nano in
Germany from next year. European version of Tata Nano is likely to be modified
slightly. The Bavarian investor has so far sold around 1,000 Tata cars. This year,
the model Indica Vista EV with electronic engine is supposed to be added.

Ruia group buys German tyre-maker

In its second investment in Germany, in an asset deal, Ruia Group has acquired
German solid tyre manufacturer Gumasol-Werke Dr Mayer GmbH. Solid resilient
tyres are used in industrial applications such as forklift trucks, industrial trailers
and sewage plants. Gumasol has its manufacturing facility at Germersheim near
Frankfurt.

pmTUC opens its Representative Office India in Mumbai

The Institute for Print and Media Technology at Chemnitz University of Technology
(pmTUC) opened its Representative Office India in Mumbai. The Office shall serve
as a platform for cooperation projects and international activities of German and
Indian companies of the print and media sector. Since 2008 these activities are
carried out under the name "pmIndia". In cooperation with Manipal University in
Southern India, the institute has, for instance, established a double degree
Master's programme as well as a scholarship programme for the exchange of
German and Indian Bachelor students. Both projects are supported by the DAAD

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(German Academic Exchange Service) with means from the BMBF (German Federal
Ministry of Education and Research).

Audi begins assembly of Q5 at Aurangabad plant

German carmaker Audi has started assembly of its Q5 model at its Aurangabad
plant. In the future, up to 1,500 units annually of the Q5 will roll out from the
assembly line. The sports utility vehicle (SUV) is the third Audi model after the A4
and A6 to be produced in India. “The Indian market for automobiles will grow
rapidly, and the Q5 is the right automobile at the right time,” said Audi Board
Member.

Volkswagen rolls out Vento - specially designed car for India

After launching its compact car Polo in February this year, Volkswagen India rolled
out its second car ‘Vento’ – midsized sedan specially designed for India, targeting
the mass market. “India is a strategic long-term growth market for the Volkswagen
Group,” according to its Chief Representative. The much awaited car, which is the
company's seventh model in India will be available at prices ranging between US$
15-20 thousand at ex-showroom prices in Delhi.

Continental Auto on India overdrive

Germany-based auto parts maker Continental Automotive has shortlisted India as
one of its key growth drivers and is looking at setting up a plant in India to
manufacture complete diesel injection systems and another one for making sensors
for air bags.

Ajay Kapur appointed as MD & head equity biz, Deutsche Bank

Ajay Kapur has been appointed as the Managing Director and Head of Asian Equity
Strategy by Deutsche Bank. Kapur will be responsible for building Deutsche Bank's
Asian equity strategy capabilities and research product offering in his new role.

SPORTS SPONSOSHIP

Dhoni becomes the highest paid cricketer in the world

The Captain of Indian Cricket Team M.S. Dhoni has become the highest paid
cricketer in the world when he signed a 3-year deal with a sports company for US$
42 million.

Bayern Munich to train six juniors from Siliguri

Six junior footballers of Siliguri Football Academy in West Bengal have been invited
for training by German football club Bayern Munich FC. The footballers had been
selected when a Bayern Munich team, including Thomas Müller, visited Siliguri in
north Bengal to play an exhibition match last year.

FORTHCOMING EVENTS IN INDIA

CONNECT 2010 (10th Edition) – Conference & Exhibition (Chennai)

September 8-9, 2010
http://www.ciiconnect.com

Intl. Arogya (Health & Fitness) Fair (New Delhi)

Sept 18-21, 2010
info@itpofrankfurt.com

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Delhi Intl. Leather Fair
October 2010
info@itpofrankfurt.com

INDIA CHEM - International Exhibition & Conference, Mumbai

28-30 October 2010
www.chemicals.nic.in

INDIA INTERNATIONAL TRADE FAIR, Pragati Maidan, New Delhi,

Nov 14-27, 2010
http://www.indiatradefair.com

International Generic Pharmaceutical Alliance (IGPA) Annual Conference,

Mumbai
8-10 December 2010
Email: dgshah@vision-india.com

4th World Ayurveda Congress, Bengaluru, Karnataka

9-13 December 2010
http://ayurworld.org

Vibrant Gujarat 2011 Global Summit

January 12-13, 2011
http://www.vibrantgujarat.com

For comments and queries, please contact:

Mr. Ajit Kumar, Consul General – consulgeneral@cgifrankfurt.de

Mr. Harish Chander, Consul(Commercial) – commerce@cgifrankfurt.de

Compiled from published material by the Consulate General of India, Frankfurt –

www.cgifrankfurt.de
Tel: 00-49-69-153 00 511

***

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