December 2024 | ISSUE 41 @ICIBIndia
INTERNATIONAL PLUS
The Newsletter of International Chamber of Investment and Business
Doing Business with Angola hybrid meeting was held at ICIB New Delhi office. The event was supported by Embassy of Angola in India, Indian Embassy
Angola and partnered by Angola India Chamber of Commerce and Industry (AICCI). 42 companies from both countries attended the event with 5
companies from each country gave detailed presentations of their products to buyers. Mr. Caetano Capitão, President AICCI led the meeting from
Angola. Mr Abel Mavungo, Deputy Chief of Mission - Embassy of Angola in India was present in ICIB office and Mr Sarup Singh, Head of Chancellery &
Commerce - Embassy of India in Angola joined virtually.
Focus was on bilateral investments, where Mr. Walter de Almeida, AIPEX Investment Promotion Officer gave detailed information on opportunities in
Angola. Sectors covered during the meeting were Oil & Gas, Packaging, Mining, Manufacturing, Cold Chain and Supply Chain along with Pharma.
THE ARCHITECT OF MODERN INDIAN ECONOMY
- A TRIBUTE WHAT'S INSIDE THIS ISSUE:
Prime Minister Manmohan Singh, who
Pg. 2,3 India Greece Cooperation
served as Prime Minister of India from
Pg. 4. ICIB @ Think India
2004 to 2014, is known for his
transformative contributions to India's Pg. 5. Agriculture Cooperation
economic growth and global stature. Pg. 6. Diplomatic connects
Continuing the liberalization reforms he Pg. 7. Increasing Exports
initiated as Finance Minister in 1991, he Pg. 8. Domestic connects
encouraged foreign investment and
private sector participation, driving the
Indian economy to an average growth ICIB PARTNERS IDEA FOR DIGITAL FUTURE
rate of 8% annually.
Dr. Manmohan Singh also served as the Governor of the Reserve
Bank of India (RBI) from 1982 to 1985 and Finance Minister from
1991 to 1996. He also prioritized infrastructure development,
overseeing projects like the Golden Quadrilateral Highway and
modernizing airports. Dr. Singh supported initiatives aimed at
promoting Sikh culture, including the establishment of Museums,
Cultural Centers, and Educational Institutions focused on Sikh
studies. ICIB nominated as Co Founder and India committee
of the International Digital Economies Association
Hon. Manmohan Singh Ji’s legacy remains defined by economic
iDEA . Looking forward to taking the cooperation
reforms, infrastructure growth, social welfare, and global
with Indian Chamber of International Business to
diplomacy, contributing significantly to India's progress. new heights with creating value for Digital
technologies and support systems stakeholders
- President Rtn. Manpreet Singh across continents.
INDIA - GREECE COOPERATION
ICIB AT EMBASSY OF INDIA IN ATHENS
Detailed meeting on enhancing
bilateral trade between India & ICIB Greece has been working independently to promote trade and
Greece held with the Embassy of business with India since 2016. During the visit of President Manpreet Singh
India in Greece. Cooperation to to Greece detailed meetings were arranged with Greek businesses looking
prioritise sectors of Shipping & to enhance trade with India.
Maritime, Defense & Aerospace,
Electrical & Electronic
manufacturing and also look at
Greece for access to Eastern
Europe for Indian companies and
Mediterranean.
Eunice is the sole Energy Group SEKPY is an organisation of the
in Greece that generates and Defense Industry of Greece
supplies electricity exclusively whose main objective is to
from Renewable Energy Sources: support and promote
wind and solar. The group looks collaborations and initiatives
to collaborate with India in the from Greece. ICIB to closely
sector. work in the Defense & Aerospace
sector with SEKPY.
KYRGYZSTAN MEETS KOREA
President Rtn Manpreet Singh
felicitates Embassy officials for
their whole hearted support to MAVELEC SA is the largest Small Joltie forms a modern network of
ICIB. Domestic Appliance electric vehicle chargers in
manufacturing company in Greece and Cyprus. It looks to
Greece and one of the leading ICIB support to find E Mobility
companies in its field in Europe partners in India. It has battery-
that has solicited ICIB support to based charging network in cities
invite JV and cooperation with where all electric cars can be
Indian companies under Make in charged with renewable energy.
India.
EMMIS S.A. is a Greek manufacturer
of electronics and power
ICIB Greece team paid respects to
transmission systems. It looks to
Mahatma Gandhi ji at the premises
partner ICIB to support expansion
of the Embassy of India in Athens.
plans in India.
INDIA GREECE COOPERATION
NEW MEMBERS JOIN ICIB GREECE
Four new members in sectors of
India and Greece can explore specific sectors for collaboration, such as Shipping, Energy, scientific
Maritime Trade, Tourism, Renewable Energy, Information Technology, research and Engineering joined
Agriculture, and Pharmaceuticals. Greece's strategic location as a gateway to ICIB Greece.
the European Union offers an ideal opportunity to increase Indian exports in
these areas.
INDIAN PHARMA TO ACCESS GREEK MARKETS
Greek company to support entry of
Indian Pharma companies in Greece.
They will support in trials, registrations
and regulatory framework. This was also
one of the focus areas during the
meeting of the Prime Ministers of both
countries in 2024.
ICIB AT WORLD MUSIC FESTIVAL PROJECT EVENTS & ENTERTAINMENT COMMITTEE
ICIB Greece office to collaborate with the ICIB Events & Entertainment
Mr. Ermis Kontoudis and their committee held its annual meeting at
the ICIB Athens office. Planning for
production company to showcase the
an India festival was discussed in
World Music Festival Project. A major
Summer 2025.
part of the festival will be original
content of fusion between Indian and
Greek music with a hint of Bollywood.
Partners are being solicited to integrate
with the project.
DELIBERATIONS WITHIN ICIB
ICIB Greece committee on International
relations met and identified
opportunities. It Will work on facilitating
trade agreements, promoting sectoral
INTERNATIIONAL RELATIONS COMMITTEE
cooperation, and explaining customs
procedures to member companies. The the International relations
committee also explored investment committee meeting of ICIB Greece
opportunities, and organising of trade was held in Athens to look at
missions and B2B meetings. avenues of cooperation between
India and Greece. Special focus to
COOPERATION IN SHIPPING AND MARITIME also be take up with increasing
Indian shipping companies can collaborate with Greece by establishing cooperation between Cyprus and
Greece for Greek businesses.
direct shipping routes to Greek ports like Piraeus, enhancing connectivity.
Joint ventures in port operations and infrastructure development can
improve logistics and cargo handling. Leveraging Greece's maritime
expertise, Indian firms can adopt best practices in fleet management and
shipbuilding. Investment opportunities in Greek shipyards for shipbuilding
and repairs are also viable. Additionally, collaboration in maritime education
and training would strengthen workforce capabilities. Active participation in
international shipping conferences can further enhance visibility and create
new trade opportunities. These efforts would foster a strong, mutually
beneficial maritime partnership.
DELIBERATIONS ON BHARAT 4.0
BELARUS COMMODITY EXCHANGE TIEUP
ICIB AT THINK INDIA CONVENTION @ IIT ROORKEE, UTTARAKHAND
Indian exporters to benefit from
Belarusian Universal Commodity
Exchange serving more than
8000 companies in 79 countries
with 500000 contracts between
35000 buyers and sellers. ICIB to
facilitate easy access for Indian
importers and exporters.
US - INDIA COLLABORATIONS
Key Highlights of the session of ICIB-:
Redefining Bharat’s Global Footprint
Bharat (India) has the potential to redefine its global footprint by
Seattle and India collaborate in capitalizing on its demographic dividend, technological
Technology, Healthcare, advancements, and strategic geopolitical positioning. The youth,
Education, Trade, Clean Energy, being the backbone of the nation, play a critical role in driving
Aerospace, and Finance. innovation, entrepreneurship, and digital transformation. By
enhancing infrastructure, fostering innovation ecosystems, and
ICIB MEDENT CONCLUDES VIRTUALLY
investing in human capital, Bharat can attract global investments and
become a manufacturing powerhouse. Strengthening trade
partnerships, particularly through regional agreements and digital
diplomacy, will position Bharat as a key player in the global value
chain. Additionally, promoting sustainable development and green
technologies can align Bharat with global climate goals, with youth
leading the charge. A balanced approach combining economic,
technological, and diplomatic strategies, alongside youth-driven
42 medical practitioners and contributions, is essential for global redefinition.
Doctors from 6 countries
participated in ICIB MEDENT, the Bharat’s Global Renaissance - discussion celebrated Bharat’s
flagship event of the Medical and reemergence as a global leader, showcasing its achievements in
Dental fraternity event. The vaccine diplomacy, humanitarian aid to Ukraine, and partnerships
event was chaired by Mrs Tinku with African nations. These milestones exemplify Bharat's
Gupta, ICIB Secretary General commitment to rekindling its golden legacy on the international
and CEO Sahara Healthcare. stage.
AGRICULTURE COOPERATION LOGISTICS BOOST TO INDIA RUSSIA TRADE
BASMATI EXPORT TO GROW WITH ICIB SUPPORT
Basmati Export Development
Foundation (BEDF) in Meerut, Uttar
Pradesh hosted buyers invited by
ICIB. BEDF facilitates supply chain of
Basmati Rice Export through
extension & quality assurance.
Farmers are provided training for
good quality production of Basmati.
ICIB Logistics Committee Chair Mr
FARM VISITS Rakesh Mishra interacted with
H.E. Mr. Siddarth Gowrav, Consul
General of India in Vladivostok to
discuss on optimising logistics
route between India and
visit of Foreign buyers to meet Vladivostok.
progressive farmers of Uttar
INDIA FESTIVAL IN SAINT PETERSBURG
Pradesh for export opportunities
was arranged by the chamber.
COOPERATION WITH AGRICULTURAL UNIVERSITY
Visit of Foreign delegation to meet
with local farmers and Agricultural
University in Meerut, Uttar Pradesh
was facilitated by ICIB. Detailed
discussions on phytosanitary ICIB Russia country
requirements were also emphasized. representative Ms Anna Deeva
attended the Indian Film Festival
TESTING FACILITIES AND AGRICULTURAL RESEARCH held by the Consulate of India in
Saint Petersburg at the invitation
of CG H.E. Mrs Neelam Rani.
LENINGRAD REGION LOOKS TO INDIA
ICIB is playing a pivotal role in supporting farmers from Uttar Pradesh
by facilitating their entry into international markets. ICIB offers various
services, including export training, market linkage, and assistance with
compliance to international standards. By organizing workshops and ICIB Head of Representation in
providing expert guidance, it helps farmers improve their product Russia, Ms Anna Deeva meeting
quality, packaging, and branding. ICIB also connects farmers with global with Leningrad region Export
buyers, enabling them to expand their reach & increase their earnings. center Deputy General Director -
Through these efforts, ICIB enhances the export potential of Uttar Mr. Aleksan Kagrimanyan to
Pradesh’s agricultural products, fostering economic growth in the state. discuss projects for 2025:
CELEBRATING FINNISH INDEPENDENCE DAY DIPLOMATIC CONNECTS
President Manpreet Singh met CHILEAN CHERRIES TO MAKE PLACE ON INDIAN TABLE
with the Ambassador of Finland to
India H.E. Kimmo Lähdevirta at
Jorge Castro, Indian Head for ProChile
the Independence Day
& Ambassador H.E. Juan Angulo invited
celebrations in Mumbai.
ICIB for a beautiful blend of culture &
trade with vibrant partnership
showcase with India. An evening of
celebration from Chile, which is known
as the Land of Fire and Ice.
BHUTAN COMES CLOSER TO INDIA
Interaction with HE Mr Lyonpo
Namgyal Dorji, Minister of Industry,
ICIB Celebrating Finnish Commerce and Employment, Royal
Independence Day with wonderful Government of Bhutan in New Delhi
dance, Finnish and Indian foods at along with Ambassador H.E. Vetsop
the invitation of Consul General Namgyel.
H.E. Mr. Erik af Hällström on
Finland and India's 75 years of VISIT TO SOUTH AFRICAN HIGH COMMISSION
diplomatic relations.
ICIB committee member Mr Yajas
visited the Embassy of South Africa to
discuss collaboration between MSME of
both countries.
FELICITATION LUNCH AT HIGH COMMISSION OF MALAYSIA
SOUTH AFRICA LOOKS AT INDIA
ICIB Delhi State Convenor Mr Sanjay
Nagi attends felicitation lunch at High
Commission of Malaysia on behalf of
ICIB at the invitation of H.E. Dato'
Muzafar Shah Mustafa
VISIT OF MALAYSIA MINISTER TO CHENNAI
ICIB committee member Mr Yajas
Verma interacted with Mr Jonty
Rhodes, the cricketing legend at the
South Africa business summit in New
Delhi. The High Commission of South ICIB was invited to the high level meeting
Africa in India hosted indian with the state government of Penang,
businesses to interact with incoming Malaysia at Chennai. ICIB was represented
delegation. India and South Africa by Chairman International relations South
share a strong, competitive cricketing India Mr Solomon Porres.
partnership.
EXPORT SUPPORT TO AUTO SECTOR
HOW TO INCREASE EXPORTS FOR MSME ICIB arranged virtual B2B meetings
with buyers from Auto sector for
THE 10 POINT PRACTICAL PLAN FOR 2025 Indian manufacturers. 16 large
companies and OEM participated in
1. Leverage Government Schemes and Incentives the same to source their products
Take full advantage of government export promotion schemes such as from Indian suppliers.
the Merchandise Exports from India Scheme (MEIS), Trade Infrastructure
for Export Scheme (TIES), and other export incentives that provide
financial support and market access.
2. Understand Global Market Trends
Stay updated on global trade trends, consumer behavior, and demand
patterns. This will help identify emerging markets and products with the
highest export potential.
3. Develop a Strong Online Presence
Utilize digital platforms like Amazon, Alibaba, and IndiaMart, etc to
showcase products to a global audience. E-commerce can significantly
reduce barriers to entry for MSMEs in international markets. Use of India
Post is getting more and more comfortable for exports.
4. Focus on Quality and Certifications
Ensure products meet international standards by obtaining certifications
like ISO, CE, and organic certifications. High-quality products that meet
foreign market standards are essential for gaining customer trust and
competitive advantage.
5. Enhance Product Differentiation
Develop unique selling propositions (USPs) for products to stand out in
international markets. This could involve customized packaging, eco-
PART OF THE GLOBAL DIGITAL MAJORITY
friendly materials, or exclusive designs that cater to specific regional
tastes. ICIB is now part of the
International Digital Economies
6. Participate in Trade Fairs and Expos Association to share best
Attend international trade fairs, exhibitions, and expos to connect directly
practices and opportunities
with potential buyers, distributors, and partners. Networking in such
events opens up opportunities to penetrate new markets. between India and the world.
7. Expand Market Research and Analysis
Invest in robust market research to understand the needs, preferences,
and buying behaviors of target countries. This will help in tailoring
products and marketing strategies to specific regions or niches.
8. Build Strategic Partnerships
Forge alliances with international distributors, agents, and wholesalers to
build a wider global distribution network. Joint ventures or partnerships
can help MSMEs scale up quickly in foreign markets.
9. Improving Logistics and Supply Chain Efficiency
Streamline logistics and supply chain management to reduce export costs
and delivery times. Efficient customs processing, warehousing, and
shipping strategies can make products more competitive internationally.
10. Develop Export-Ready Human Resources
Train employees on international business practices, export regulations,
and foreign market dynamics. A knowledgeable team can ensure
compliance with international standards and improve the export process.
ACADEMICIANS ROUND TABLE
DOMESTIC CONNECTS
SUPPORTING GREEN HOMES
ICIB Gujarat state convenor Mr Jaman
Patel meeting with Mr.Kush Bhargava
director of EcoGreen Homes, New
Zealand's frist company which achieved
a perfect 10-star rating on the New
Zealand Green Building council's
ICIB Academicians Round Table
Homestar Version 3.
held by the Youth Forum. Focus
was on Industry Academic
initiatives for mutual benefit and 15TH WORLD CONFLUENCE OF HUMANITY
research collaborations.
RUSSIA - INDIA RESEARCH COLLABORATION ICIB Secretary General Mrs Tinku Gupta
and other members participated in the
15th world confluence of Humanity,
Power and Spirituality at the invitation
of organiser renowned Journalist and
Author Sh. Inder Raj Ahluwalia in
Kolkata.
ICIB AT BRICS FORUM
ICIB to collaborate with The
International Science and
Technology Center (ISTC) for
research & high end technology
across sectors. The planned
development strategy is aimed ICIB CO Chair for Logistics Mr Rakesh
Mishra attended the BRICS forum on
at developing joint Arctic
Shipping & Logistics in Moscow.
research
ICIB AT GLOBAL ECONOMIC POLICY FORUM
MOVING CARGO FROM INDIA TO ROMANIA
Shipping route to Romania opens from
India for direct routing of LCL Cargo.
Detailed discussions on increasing India -
Romania trade were discussed with the
shipping company YAWO during their
visit to Mumbai.
@ICIBIndia
International Chamber of Investment and Business
(Also called as Indian Chamber of International Business)
Making its mark in 14 states & 42 countries
www.icib.org.in office@icib.org.in +91913774411
New Delhi Office.: E13/29- 1st Floor Harsha Bhawan Connaught Place, New Delhi 110001
Mumbai Office: 702 A Sorento, Shanti Park, Ghatkopar East, Mumbai 40077, India
