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Highlights

· Annual Budget 2010-2011

· Economy Survey 2009-10

· India to grow at over 8 per cent in 2010-11

· Government to rake in Rs 25,000 crore (US$ 5.40 billion) through divestment

· Government Expects to introduce Direct Tax Code and GST from April 2011

· Exports up 11.5 per cent in January 2009

· 62 per cent growth in exports of gems and jewellery

· FDI inflows touch US$ 1.54 billion in December 2009

· IT sector to grow at 15.5 per cent in 2010

· India will become 2nd largest steel maker by 2012

· Port capacity addition at 40% below Eleventh Plan target

· India’s travel industry to expand 5-6% in 2010

· Textiles Ministry aims to attract FDI from Germany, Italy

· India to initiate activities for Chandrayaan-II

· $40 million pilot project to manage medical waste in India

· India, UK sign joint declaration on nuclear co-operation

· ONGC takes stake in Venezuela’s biggest oil deals

Annual Budget 2010-2011

Finance Minister Pranab Mukherjee presented India’s Annual Budget for 2010 (April 2010-March 2011) in the Indian Parliament on 26 February 2010. The salient features of the Budget are as under:

Budget Estimates 2010-11

· Gross Tax Receipts are estimated at Rs. 7,46,651 crore (US$ 161.78 billion).

· Non Tax Revenue Receipts are estimated at Rs. 1,48,118 crore (US$ 32.09 billion).

· The total expenditure proposed in the Budget Estimates is Rs. 11,08,749 crore (US$ 240.25 billion) showing an increase of 8.6 per cent over last year.

· Fiscal stimulus to be partially rolled back.

· 15 per cent rise in plan expenditure.

· Fiscal deficit 5.5% for Financial Year 2011 and 4.8% for FY 2012

· Defence allocation up by Rs. 6,000 crore (US$ 1.3 billion)

Taxation

· 25% tax savings for people are earning up to Rs. 1 lakh (US$ 2167) per month,

· Service tax unchanged at 10%.

· More services to be taxed.

· Minimum alternate tax hiked from 15 to 18 per cent.

· Corporate surcharge down from 10 to 7.5 per cent.

Infrastructure

· Rs 1,73,552 crore (US$ 37.57 billion) provided for infrastructure development accounting over 46 per cent of the total plan allocation.

· Allocation for road transport increased by over 13 per cent from Rs. 17,520 crore (US$ 3.79 billion) to Rs 19,894 crore (US$ 4.31 billion).

· Rs 16,752 crore (US$ 3.79 billion) provided for Railways, which is about Rs. 950 crore (US$ 205.81 million) more than last fiscal.

· To construction 20 km highway everyday.

· Government committed to Special Economic Zone growth.

· Infrastructure thrust to be maintained in rural and urban areas.

Energy

· Plan allocation doubled for power sector.

· Plan allocation for power sector excluding Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) doubled from Rs. 2,230 crore (US$ 483.06 million) in 2009-10 to Rs. 5,130 crore (US$ 1.11 billion) in 2010-11.

· National Clean Energy Fund to be set up.

· Coal regulatory authority to be set up.

Agriculture Growth

· Budget gives strong focus to boost agriculture production.

· Rs. 400 crore (US$ 86.66 million) provided to extend the green revolution to the eastern region of the country comprising Bihar, Chattisgarh, Jharkhand, Eastern UP, West Bengal and Orissa.

· For the year 2010-11, a target of Rs. 3,75,000 crore (US$ 81.25 million) has been set for providing credit support to farmers.

· To provide further impetus to the food processing sector, the Government has decided to set up five more such parks. This is in addition to the ten mega food park projects already being set up,

· Repayment of loans to be extended to 6 months in drought and flood hit areas.

· Fertilizer subsidy to be reduced.

Education

· Plan allocation for school education increased by 16 per cent from Rs. 26,800 crore (US$ 5.81 billion) in 2009-10 to Rs. 31,036 crore (US$ 6.72 billion) in 2010-11.

· In addition, States will have access to Rs. 3,675 crore (US$ 796.1 billion) for elementary education under the Thirteenth Finance Commission grants for 2010-11.

Health

· An Annual Health Survey to prepare the District Health Profile of all Districts shall be conducted in 2010-11.

· Plan allocation to Ministry of Health & Family Welfare increased from Rs 19,534 crore (US$ 4.23 billion) in 2009-10 to Rs 22,300 crore (US$ 4.83 billion) for 2010-11.

Petroleum and Diesel pricing policy

· Expert Group has submitted its recommendations to advise the Government on a viable and sustainable system of pricing of petroleum products. Decision on these recommendations will be taken in due course.

Urban Development and Housing

· Allocation for urban development increased by more than 75 per cent from Rs. 3,060 crore (US$ 663 million) to Rs. 5,400 crore (US$ 1.17 billion) in 2010-11.

· Slum-free India at the earliest.

· Banks in all villages with over 2000 population.

Improving Investment Environment

· Number of steps taken to simplify the FDI regime.

· Methodology for calculation of indirect foreign investment in Indian companies has been clearly defined.

· Complete liberalization of pricing and payment of technology transfer fee and trademark, brand name and royalty payments.

Exports

· Extension of existing interest subvention of two per cent for one more year for exports covering handicrafts, carpets, handlooms and small and medium enterprises.

Social and welfare sector

· Social sector spending up to Rs. 1.37 lakh crore.

· Rs. 1,900 crore for Unique Identity Authority (UIDA).

· New pension scheme for unorganized sector.

· Plan outlay increase for women and child welfare.

· Exclusive skill development program for textile sector.

Petro products, cement, large cars and SUVs, cigarettes and chewing tobacco, gold, silver, television sets, air-conditioners and air travel to cost more. Mobile phones and custom duty on gaming software to cost less.

Finance Minister Pranab Mukherjee, while presenting the Budget in the Parliament, said three challenges he had listed last year remained even today are: quickly reverting to a high growth path of 9 percent and cross over to double-digit expansion; making growth more inclusive and developing infrastructure; and strengthening food security.

"We hope to breach the 10 percent growth mark in not too distant future," he said, adding that the government will also review the fiscal stimuli to make the country's growth more broad based. He also said Rs.35,000 crore ($7 billion) was raised by the Government by way of divesting stake in public sector enterprises and that more will accrue to the exchequer during the upcoming fiscal. FM also promised more banking licenses for the private sector

Economy Survey 2009-10

On 25 February 2010, Finance Minister Pranab Mukherjee tabled in the Parliament the Economic Survey 2009-10. The main highlights of the survey are:

· Recovery in GDP growth for 2009-10is broad based.

· Seven out of eight sectors/sub-sectors show a growth rate of 6.5 per cent or higher.

· In comparison with 2008-09, mining and quarrying, manufacturing, electricity, gas and water supply sectors have significantly improved their growth rates at over 8 per cent.

· Construction sector and trade, hotels, transport and communication have also improved their growth rates over the preceding year.

· Automobiles, rubber and plastic products, wool and silk textiles, wood products, chemicals and miscellaneous manufacturing have shown strong growth.

· Rapid growth in telecom sector. From only 54.6 million telephone subscribers in 2003, the number increased to 562 million as of October 31, 2009 showing an addition of 96 million subscribers during the period March to December 2009.

· Net capital flows to India at US$ 29.6 billion in April-September 2009 remained higher as compared to US$ 12 billion in April-September 2008.

· During fiscal 2009-10, foreign exchange reserves increased by US$ 31.5 billion from US$ 252 billion in end March 2009 to US$ 283.5 billion in end December 2009.

· Growth rate of gross fixed capital formation in 2009-10 has recovered, as per the revised National Accounts Statistics (NAS).

· Turnaround in merchandise export growth witnessed in November 2009, which has been sustained in December 2009.

The survey estimates:

· Growth rate of GDP at factor cost to be 7.2 per cent.

· Growth in the manufacturing sector has more than doubled from 3.2 per cent in 2008-09 to 8.9 per cent in 2009-10.

· Growth of private investment demand picked up in 2009-10.

· Savings rate as a percentage of GDP in 2008-09 stood at 32.5 per cent.

· Growth rate of capital formation as a percentage of GDP in 2008-09 stood at 34.9 per cent.

· Foreign Exchange Reserves in 2009-10 as of December 31, 2009 stood at US$ 283.5 billion.

· Financing, insurance, real estate and business services have retained their growth momentum at around 10 per cent in 2009-10.

India to grow at over 8 per cent in 2010-11

The Prime Minister’s Economic Advisory Council (PMEAC) estimates growth in the next financial year (2010-11) at 8.2 per cent as the agriculture sector is expected to turn around next year. The Council has also predicted 9 per cent growth in 2011-12. The PM’s panel also expected the industrial and services sectors to continue to expand strongly through the next two years.

The World Bank in its Global Economic Prospects 2010 report, has also projected that India will grow at 7.5 per cent in 2010-11 and at 8 per cent in 2011-12.

Government to rake in Rs 25,000 crore (US$ 5.40 billion) through divestment

Finance Minister Pranab Mukherjee said on 24 February that the Government will raise about Rs 25,000 crore during the current year (2009-10) and targets to rake in Rs. 40,000 crore in the next fiscal (2010-11) through divestment of part of the government equity in various central public sector enterprises. The proceeds will be utilised to meet the capital expenditure requirements of social sector schemes for creating new assets, said FM.

Government Expects to introduce Direct Tax Code and GST from April 2011

Presenting the Union Budget for 2010-11 in the Parliament on 26 February, Finance Minister Pranab Mukherjee said that the wide-ranging discussions on the Direct Tax Code (DTC) with stakeholders have been concluded and the government will be in a position to implement the DTC from April 1, 2011.

The Minister also informed the House that the Union Government is actively engaged with the Empowered Committee of State Finance Ministers to finalise the structure of Goods and Services Tax (GST) as well as the modalities of its expeditious implementation. The government will endeavour to introduce GST by April 2011, the Minister added.

Exports up 11.5 per cent in January 2009

In January 2010, India’s exports registered a growth of 11.5 per cent on a year-to-year basis. The total exports stood at US$ 14.34 billion in January 2010 compared with US$ 12.86 billion during the same month a year ago. In November and December 2009, India’s exports grew 18.2 and 9.3 per cent respectively.

According to the Federation of Indian Export Organizations (FIEO), India’s trade data shows that import growth is in tandem with the performance of the manufacturing sector which is growing at 15 to 16 per cent.

62 per cent growth in exports of gems and jewellery

According to the Gems and Jewellery Export Promotion Council (GJEPC), in January 2010 the gems and jewellery exports touched US$ 2.6 billion registering a 61.8 per cent growth over the same period in the previous year. During the month under review, polished diamonds exports stood at US$ 1.7 billion, compared to US$ 904.48 million posted for the same period in the previous year. GJEPC expects gems and jewellery exports to register year-on-year growth between 5 and 7 per cent at the end of March 2010.

FDI inflows touch US$ 1.54 billion in December 2009

The Reserve Bank of India reported that foreign direct investment (FDI) grew to US$ 1.54 billion in December 2009, up 13.2 per cent over the December 2008 level. The FDI equity inflows for the period April till December 2009 stood at US$ 21.5 billion, higher than the US$ 21.15 billion in the same period in 2008. The services sector followed by the telecommunications, real estate and housing sector are seen as preferred destinations for foreign investors.

IT sector to grow at 15.5 per cent in 2010

According to a study by Springboard Research, the Indian IT market is expected to grow at around 15.5 per cent in 2010 on the back of investor confidence and favourable initiatives taken by the Government. The study also highlighted a shift in enterprise IT spending from focusing on new investments to streamlining costs and improving internal efficiencies.

The research highlights that Indian companies have received an impetus to be more productive due to the recent global economic and financial crisis. According to the National Association of Software and Services Companies (NASSCOM) – an IT industrial body - the Indian IT-BPO exports are projected to increase by 13-15 per cent in 2010-11.

India will become 2nd largest steel maker by 2012

Steel Minister Virbhadra Singh stated that India will become the world’s second largest steel producer by 2012 by more than doubling its capacity of 57 million tonnes as part of push being given to assist overall infrastructure development. India has a vast capacity to consume that kind of output. It is necessary for our infrastructure development, the Minister said. At present China ranks first in the world with a capacity of over 600 million tonnes followed by Japan and South Korea. India ranks fourth in the world.

Port capacity addition at 40% below Eleventh Plan target

A high-level meeting chaired by Prime Minister Manmohan Singh has observed that the government will fall short of the 11th Plan target for capacity addition in major ports by around 40%. The target was to add a capacity of 511 million tonne which would have taken the total capacity of the 12 major ports to over 1,000 metric tonne. The main reason for the slippage is the delay in awarding the public-private partnership projects.

With its inability to meet the target for current Five-Year Plan ending March 31, 2012, the government will also fail to meet the capacity addition projection under the ambitious National Maritime Development Programme (NMDP).

India’s travel industry to expand 5-6% in 2010

The leading global travel and technology distribution company, InterGlobe Technology Quotient, said that India’s travel industry is expected to expand at 5-6% in 2010, a little higher than the expected global average of 4.5%. 2009 was a year of many changes in the travel economy for India as overall global markets went down by as much as 15% due to the economic downturn. The Common Wealth Games in October 2010 would drive travel volumes both inbound and intra India and also strengthen India’s image as a travel destination

Textiles Ministry aims to attract FDI from Germany, Italy

On February 25, Minister of State for Textiles Panabaaka Lakshmi said in a written reply to Rajya Sabha (Upper House) that her Ministry aims at mobilizing maximum possible FDI with specific focus from target countries namely Germany, Italy, Turkey, China and Switzerland which as per preliminary study are perceived among the most promising investors. The Textiles Ministry received foreign investments worth USD 200 million in 2008. The scheme was launched by the Ministry in 2008-09 for enhancing the foreign investment inflows in the sector. The formulation of National Fibre Policy is under process, which will further help in guiding the various activities and schemes to achieve its goal.

The Indian textiles industry requires an additional investment of USD 24 billion by 2015 to maintain a growth rate of 8 per cent. This may include domestic investment of USD 18 billion and FDI of USD 6 billion.

The Indian textiles industry is worth USD 62 billion employing 35 million people.

India to initiate activities for Chandrayaan-II

On 22 February, President of India Pratibha Patil said that after a successful maiden moon mission, India will initiate the process for its sequel – Chandrayaan-II. The space programme continues to provide societal services to the nation in the areas of tele-medicine, tele-education and village resource centres," the President said.

The Indian Space Research Organisation (ISRO) has plans for the flight test of the GSLV-D3 launch vehicle with indigenous cryogenic stage, and launching the Cartosat-2B, INSAT-3D and Resourcesat-2 satellites in the near future.

$40 million pilot project to manage medical waste in India

India and the United Nations Industrial Development Organization (UNIDO) have joined hands to implement a $40 million pilot project for managing the country’s health care system effectively and dispose of hazardous medical waste.

The project, which was signed between United Nations Industrial Development Organization and the Ministry of Environment and Forests, would be implemented in Gujarat, Karnataka, Maharashtra, Orissa and Punjab States with M S Ramaiah Medical College (Bangalore) acting as the national implementation body

India has taken a prime position in medicine and health care. It can now show the world the quality of its health system by putting in place a unique disposal mechanism, UNIDO Director General Kandeh K Yumkella said in a statement.

The project would be funded by the UNIDO, Global Environment Facility, Ministry of Environment and Forest, the concerned state governments and the private sector. It would benefit four large hospitals, eight medium-sized and 16 small in each state.

According to a survey done on behalf of UNIDO by the M S Ramaiah Medical College, every year over 300,000 tonnes of medical waste is generated in India.

India, UK sign joint declaration on nuclear co-operation

On 11 February, the Atomic Energy Commission Chairman, Mr Srikumar Banerjee, and the British High Commissioner, Mr Richard Stagg, signed a joint declaration for civil nuclear cooperation between India and the United Kingdom. The move is expected to offer greater access to British companies in the Indian atomic power sector and foster cooperation between scientific institutions on either side.

Since September 2008, after the Nuclear Suppliers Group lifted the embargo on India's participation in global nuclear commerce, India has signed civil nuclear cooperation agreements with France, the US, Russia, Kazakhstan, Mongolia, Argentina and Namibia. India has also finalised a civil nuclear cooperation deal with Canada, which is expected to be signed soon.

A statement released by the Department of Atomic Energy stated that the Declaration will help promotion and facilitation of wide-ranging cooperation in the nuclear field including in nuclear trade and also between scientific institutions of the two countries.

ONGC takes stake in Venezuela’s biggest oil deals

On 12 February, ONGC Videsh Limited (OVL), the overseas arm of state explorer Indian Oil Corporation (IOC) and the Oil India Limited (OIL) invested $ 1.05 billion to develop Carabobo-1 project in Venezuela along with Spain’s Repsol-YPF and Petronas of Malaysia. Repsol-YPF, OVL and Petronas will each hold 11 per cent stake in Carabobo-1, with 7 per cent being split between IOC and OIL. The project will give India 3.6 million tons of crude oil annually out of the envisaged output of 400,000 barrels a day.

OVL, IOC and OIL later announced that they are seeking government’s approval to invest around $ 2.25 billion initially to develop the giant oil project which would involve a total investment of $ 19 billion.

Retail Industry - an important sector for Foreign Direct Investment

The Indian retail market is the fifth largest retail destination and has been ranked as the most attractive emerging market for investment in the world. The Indian retail sector is highly fragmented with over 16 million owner-run outlets. A study conducted by the Indian Council for Research on International Economic Relations (ICRIER) reveals that the Indian retail sector is expected to contribute 22 per cent of India’s GDP by 2010. The rise in the disposable income of Indian consumers resulting in increased consumer spending is driving the retail industry. According to a report by global consultancy Northbridge Capital, the US$ 400 billion Indian retail sector is clocking 30 per cent annual growth rate. It is projected to grow to US$ 700 billion by 2010, to US$ 833 billion by 2013 and to US$ 1.3 trillion by 2018.

The organized retail sector currently accounts for around 5 per cent of the Indian retail market. It is pegged at around US$ 8.14 billion and is expected to grow at a compound annual growth rate of 40 per cent to touch US$ 107 billion by 2013. Favourable government policies, infrastructure development, GDP growth, changing in the retailing supply chain and employment scenario are the key determinants of growth in Indian retailing industry.

Drivers of growth in retail sector

The Indian retail growth can mainly be attributed to the following factors:

• Rapidly expanding middle class
• Rising income levels
• Changing lifestyles of Indian households
• Rising consumption levels
• Growing consumer acceptance of modern retail formats
• Increasing number of working women
• Growing urbanization
• Surge in both outbound and inbound tourism
• Increasing use of credit cards

Future outlook

India continues to be among the most attractive countries for global retailers. According to industry experts, the next phase of growth in the Indian retail sector is expected to come from rural markets. Rural market is projected to dominate the retail industry by 2012 with a total market share of above 50 per cent. A latest market research finding reveals that organized retail market in India is expected to reach US$ 50 billion by 2011. The number of shopping malls is expected to increase at a compound annual growth rate of about 19 per cent from 2007 to 2015. Food and grocery, clothing, furniture and fixtures, pharmacy, durables, footwear, leather, jewellery, etc. are some of the high growth segments of Indian retail sector.

FDI in retail sector

• 100 per cent FDI is allowed in cash-and-carry wholesale formats. Franchisee arrangements are also permitted in retail trade.
• 51 per cent FDI is allowed in single-brand retailing.

However, foreign direct investment is not allowed in multi-brand retailing.

Useful link:

Investment Commission of India:http://www.investmentcommission.in/retail.htm

India-Canada bilateral trade

Bilateral trade figures for the period January – December 2010 are as under:

[Figures in million Canadian dollars at the current rate]

Description	Jan-Dec 2008	Jan-Dec 2009	Percentage change
India’s Total Exports	2,202	2,002	(-) 9
India’s Total Imports	2,418	2,144	(-) 11.33
Total Trade	4,620	4,146	(-) 10.25

[Source: Statistics Canada]

The total bilateral trade during 2005 to 2008 showed an upward trend. However, the ongoing global economic recession has taken its toll on India-Canada bilateral trade during 2009. As per preliminary data available, bilateral trade during the calendar year of 2009 has gone down by C$ 474 million, i.e. (-) 10.25 per cent in Canadian dollar terms as against C$ 4.62 billion in 2008. India’s exports to Canada registered a 9 per cent decline in 2009 over 2008 and India’s imports from Canada were down by 11.33 per cent in 2009 as compared with 2008.

Two-way investments/tie-ups

The Globe and Mail daily (20 Feb) reported that a Canadian led potash consortium, Canpotex (a consortium of Saskatchewan based Potash Corp., and Calgary-based Agrium Inc.) has struck a three -month supply deal with India for the supply of 600,000 tonnes of potash at US$ 370 a ton.  The deal also includes small players Coromandel International Limited and Tata Chemicals Limited.

Ottawa-based Clearford Industries Inc. and Indocan Capital announced that they have a sales and business development agreement under which Indocan will take on the role of lead generator, sales prospector and advisor for Clearford’s proprietary small bore sewer (SBS) system in India. The SBS system is a watertight small diameter wastewater collection system designed to deliver environmental and cost benefits. Indocan Capital Inc., located in Toronto and India, is an advisory and corporate finance firm aimed at facilitating business opportunities between parties in India and Canada.

The Canadian Immigration Integration Project (CIIP) run by the Association of Canadian Community Colleges (ACCC) will received additional funding of $ 15 million from the Canadian government over the next three years to expand services in India, China and the Philippines. CIIP is offering orientation services in these countries since 2007. This is done to extend required assistance to attract more skilled immigrants to Canada from these countries by speeding up the process of their credential recognition through expanded overseas orientation services.

Visits

Forthcoming visits

From India

Mr. Kamal Nath, Hon’b;e Minister for Road Transport and Highways will visit Canada (Toronto, Ottawa, Montreal) from 22-26 March 2010 to sensitise the Canadian business and investor community of the opportunities in the highway sector in India, being largely built under the PPP mode. He will be accompanied by senior officers of his Ministry and the National Highway Authority of India, NHAI. CEOs of state-owned and private companies will accompany the Hon’ble Minister.

Mr. S. Vijay Kumar, Special Secretary, Ministry of Mines, India will lead a large delegation consisting of senior officers from the Ministry of Mines, New Delhi and State Governments, representatives of state-owned companies in the Indian mining sector and private sector to Toronto from 7 to 10 March 2010 to attend the PDAC 2010 being organised by the Prospectors and Developers Association of Canada and also to attend the ‘India Day’ to be organised concurrently with PDAC 2010.

From Canada

Mr. Steve Tierney, Assistant Deputy Minister will lead a mission to India (New Delhi) departing Canada on 11 March 2010 for the inaugural meeting of the Joint Working Group set up in terms of India-Canada MoU on Agricultural Cooperation.

Trade Fairs/Exhibitions/Events

Medifest 2010

The Vantage Trade Fair is organising the “Medifest 2010” from 10-12 December, 2010 at New Delhi, India. Medifest, a premier medical and healthcare trade event, is a grand show that will deliver a diverse assemblage of medical suppliers at one place at one instance. The show brings high level business opportunities for all related to healthcare industry by providing numerous opportunities of trade expansion.

The objective of Medifest, is to provide global overview and comprehensive information on the current developments done in the industry. The event will facilitate transaction of significant volume of exports & domestic orders. Medifest is a unique medical and healthcare event offering a significant mileage to healthcare industry. The key features of the expo include Seminar and Conferences organized on the most upcoming issues in the industry, i.e. Infection Control, Hospital Accreditation, Stem Cell Therapy etc.

[For further details, please access website: www.vantagemedifest.com ]

Reverse Buyer Seller Meet, 7-9 May 2010, Gurgaon, NCR Delhi, India.

The Basic Chemical, Pharmaceuticals and Cosmetics Export Promotion Council, India (CHEMEXCIL), an organization set up by the Indian Ministry of Commerce and Industry, is organizing a “Reverse Buyer-Seller Meet” during May 7-9, 2010 in Gurgaon. NCR Delhi, India for the promotion of exports of Dyes and Dye Intermediates, Inorganic and Organic Chemicals including Agrochemicals, Pesticides, Cosmetics and Toiletries, Essential Oils, Agarbattis (Incense sticks), Castor Oil, etc. This event will coincide with the “Asian Essential Oil Congress 2010 and Expo (AEOC)” scheduled to be held during the same period.

World Dental Show 2010

The Indian Dental Association (IDA) is organising the “World Dental Show 2010” from 29-31 October, 2010 at Bandra-Kurla Complex, Mumbai, India. The show is specifically designed to showcase a comprehensive range of state-of-the-art products, services and innovative technologies that cater to the dental profession around the globe. During the event, oral health experts from India and abroad will gather to share information and insights on the latest developments in dentistry and treatment, making it one of its kind opportunity to analyze and leverage dental care in India.

[For further details, please access website: www.wds.org.in]

Global Tenders

Tender Notice 921AC10001

The Oil and Natural Gas Corporation Limited, Mumbai, India invite sealed tender for the “Maintenance Management Contract for Sucker Rod Pumping (SRP) Units Installed at Ahmedabad Asset for Duration of Three Years” as per details below:

Cost of Tender Document: Rs. 45,000/-

Earnest Money Deposit: US$ 73,900

The closing of tender is on 05 April, 2010 up to 1400 hrs (IST) and the tender will be opened on the same day at 1500 hrs (IST).

[Complete details of the tender and tender documents are available on website: www.ongctenders.net]

Tender Notice

The Ministry of Railways, Lucknow, India invites sealed tenders on single packet system with pre bid conference, from established and reliable manufacturers/firms or through their authorised representatives, for “Supply Installation and Commissioning” of following items:

S.No	Tender no.	Description	Cost of Document	EMD	Closing & Opening of Tender
1.	SP-3/0066/M&C/ LTGT/09	Vacuum pump for determination of contamination in diesel fuel or Bio-diesel or blend of HSD and Bio-diesel.	US$ 11.00	US$ 110.00	22.04.2010
2.	SP-3/0069/M&C/ GT/09	Automatic CMRV (mini rotary viscometer for engine oil.	US$ 11.00	US$ 555.00	22.04.2010
3.	SP-3/0071/M&C/ LTGT/09	Automatic aniline point measuring equipment for petroleum.	US$ 11.00	US$ 400.00	22.04.2010
4.	SP-3/0075/M&C/ GT/09	Automatic densitometer for liquid samples like bio-diesel, HSD or HSD bio-diesel blends, kerosene, lubricating oils, engine oils and allied material.	US$ 10.00	US$ 500.00	22.04.2010
5.	SP-3/0093/M&C/ GT/09	Copper and silver corrosion bath with strips shell.	US$ 11.00	US$ 600.00	22.04.2010
6.	SP-3/0072/M&C/ GT/09	Extreme pressure weld load and wear scar measuring four ball, automatic tester with image analyzer.	US$ 11.00	US$ 700.00	29.04.2010
7.	SP-3/0079/M&C/ GT/09	Soot meter for determination of carbon present in lube oils/ crankcase oil, bio-diesel, HSD fuels or blends of bio-diesel with HSD and used black lubricating used oils.	US$ 11.00	US$ 550.00	29.04.2010
8.	SP-3/0076/M&C/GT/09	Table model heatable centrifuge.	US$ 22.00	US$ 700.00	29.04.2010
9.	SP-3/0073/M&C/GT/09	Automatic flash point tester with pensky martens closed cup (A&B) Cleveland open cup, tag module.	US$ 22.00	US$ 900.00	29.04.20110
10.	SP-3/0083/M&C/ GT/09	Particle counter to produce results in value of ISO, NAS, NAVAIR etc or fuel oils lubricating oils like hydraulic oil, machinery oils, engine crankcase oil even for the used black oils readability.	US$ 22.00	US$ 1000.00	29.04.2010

The closing of tender is up to 1430 hrs (IST) and the tender will be opened on the same day at 1500 hrs (IST) as indicated in the table above.

[Complete details of the tender and tender documents are available on website: www.rdso.gov.in]

Tender Notice ORDFYS/OFCH/DAVP/03/09-10/PV/10

The General Manager, Ordnance Factory invites sealed tenders from eligible vendors/likely suppliers for the “Head Fuze B-429 E (Filled) to Drawing Number 4-024069 3B 21 Detail Number CD DC Number 35581-A and Components to Drawing Number 3 – 026944 Index 53-B-025Y” as per details below:

Quantity: 20,000 Nos.

Cost of Document: US$ 10

The closing of tender is on 23 April, 2010 up to 1400 hrs (IST) and the tender will be opened on the same day at 1430 hrs (IST) as indicated in the table above.

[Complete details of the tender and tender documents are available on website: www.tenders.gov.in]

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Published by : High Commission of India, Ottawa, Canada

Editor : Deputy High Commissioner

Sub-Editor : Second Secretary (Com)