The business Tycoons December - 2019

GLOBAL INDIA BUSINESS FORUM PRESENTS

THE BUSINESS

TYCOONS

BUSINESS OPPORTUNITIES IN

AZERBAIJAN

ACTIONS DELIVER RESULTS

DECEMBER 2019

EGYPT

GIBF

SECTOR REVIEW

PLASTIC

RUBBER

Madhukar Parekh

Chairman of Pidilite Industries

"Everyone has the KEY, its just a matter of using it right”

December 2019

THE BUSINESS TYCOONS

ACTION DELIVER RESULTS

Magazine

About GIBF

International Business Associations

Agreements And MOU’S

Madhukar Balvantray Parekh - Chairman of Pidilite Industries

Top Mergers & Acquisitions

Sector Review - Plastic

Zhou Qunfei

Azerbaijan - In-focus

Economic Bilateral Agreements & MOU’s

Sector Review - Rubber

Egypt- In-focus

Upcoming GIBF Events

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Global India Business Forum


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President’s Message

We strongly believe in diplomatic clearance as a path to

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worldwide. GIBF can be such a bridge for your connectivity with

other business icons, tycoons and leaders across the globe.

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About GIBF

India is a fast growing country and an emerging Super Power. With Indian

Government's drive for “Make in India" and “Skill Development”, there are ample

opportunities for both Indian and Global companies to run start-ups and make

exponential growth in all business sectors.

In such a dynamic and vibrant business scenario, to promote synergy, a need for the formation of a common platform was felt.

The idea was perceived and progressed further by Dr. Jitendra Joshi, a successful businessman and visionary who has over a

25+ glorious years of experience, in Manufacturing and Service Industries at Senior Level Management in numerous MNCs.

To fulfil this need and to bring together business professionals from various segments like Automobile, Engineering, FMCG,

Chemical, Pharmaceuticals, Electronics, Heavy Metal, Service Industry etc, Global India Business Forum (GIBF) was created.

GIBF will consist of members from all fields of business, industry, academics and other professions without any segment

boundaries. GIBF has its head office in Delhi, Corporate Office in Pune, India and Global offices in Dubai, USA, UK, Singapore and

China. It also has presence in Mumbai, Chennai, Ahmedabad, Kolkata & in all other metro-cities of India.

VISION MISSION VALUES

Creating and building a World

Business Community for the

prosperity of businesses

globaly.

To provide a common platform

for businesses and entrepreneurs

to share their ideas & experiences for

entrepreneurial development.

We value holistic growth, humanistic

diversity and are committed to

professionalism, excellence,

community involvement,

accountability and timely progress

with ethical values.

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INTERNATIONAL BUSINESS ASSOCIATIONS

GUINEA

Embassy Of The Republic of Guinea Ambassador Mrs.Fatoumata Balde

accepted the Honorary Membership of Global India Business forum. In

the Presence Of Global President Dr. Jitendra Joshi and Global Coordinator

Ms. Deepali Gadkari.

NIGER

Embassy Of The Republic Of Niger Ambassador Mr. H.E. Leko accepted

the Honorary Membership of Global India Business forum. In the Presence

of Global President Dr. Jitendra Joshi and Global Coordinator Ms. Deepali

Gadkari.

LESOTHO

High Commission Of The Kingdom Of Lesotho Counsellor Mr. Mophethe

Sekamane accepted the Honorary Membership of Global India Business

forum. The Presence of Global President Dr.Jitendra Joshi and Global

Coordinator Ms. Deepali Gadkari.






ECONOMIC BILATERAL AGREEMENTS AND MOU's

BRANDSUN PROMOTION

"BRANDSUN Promotion, equipped with the expertise in organizing various activities like

Events, Media Relation, Public Relation, Product Launch, Fashion Shows, Product Branding,

Product Promotion, Online Promotion, Conference, Official Get Together, Film Production,

Social or Cultural shows and Exhibition Stall Designing/ Fabrication. We are confident enough

to provide you satisfaction at optimum level beyond your expectations and imagination. We

are equipped with professionals with knowledge, experience, creativity, thoroughness and

professionalism to render the services and satisfaction of the client. BRANDSUN Promotion is

located in the Capital of India – New Delhi. BRANDSUN Promotion believes in efficient &

prompt services. If you are looking for dedicated & professionally managed services, we can

give exactly the same. Starting from Public Relation, Media Relation, Stage presentation,

Lights, Sound (with modern Audio / Video equipment's), to the stall Designing and Lay - Out in

exhibitions and fairs, we have the resources and experts to cater to all your needs in all the

fields. We have gathered our experience in these fields over the years and yet serving our

customers to their satisfaction.

THE ALL INDIA PLASTICS MANUFACTURES' ASSOCIATION

The All India Plastics Manufacturers' Association (AIPMA) was founded by Industry visionaries

73 years ago making it one of the oldest & largest Apex bodies of the Plastic Industry in India.

Through the years AIPMA has expanded and progressed by leaps and bounds in all fields of

Plastics. Today our Head Offices are located in prime locations such as Mumbai, Delhi,

Chennai, and Kolkata. The Baton of Association was lead and passed on by the Past . Turakia,

Shri. Vadilal Shah, Shri Shadilal Jain, Shri Dilip Piramal, and Presidents and Industry Doyens

such as Shri I.V. Ruia, Shri. D.B. Garware, Shri. Chandrakant B. Garware, Shri. Ambalal

Khilachand, Shri. R.V Shri M. P. Taparia, to name a few.

The All India Plastics Manufactures' Association

TIIKM

The International Institute of Knowledge Management (TIIKM) is an entity that facilitates the

purpose of knowledge transfer by constructing the career of the research fraternity,

empowering decision- making in the corporate sector and promoting on quality decisions for

policy-makers through academic Conferences. A vision of transforming the Asian research

culture to betterment is made possible in TIIKM Conferences by setting novel standards for

better people engagement, promoting international exchange through research and bridging

study to industry. Researches serve as the fundamental component for the development of

ideas and concepts leading towards the emergence of innovations that result in a deviation

from what was traditionally executed and practiced. TIIKM creates that platform to address

the need of researchers to showcase their work to the outside world and contribute towards

constructing a meaningful future.

The International Institute of Knowledge Management (TIIKM)






SUCCESS STORIES

MADHUKAR BALVANTRAY PAREKH

Chairman of Pidilite Industries

INDIAN

ENTREPRENEUR

Born 1946

Mumbai, India

Residence - Mumbai, India

Nationality - Indian

Other names - M. B. Parekh

Education B.Sc. Institute of Chemical

Technology, M.Sc. University of

Wisconsin

Occupation - Chairman Pidilite Industries

Net worth - US$7.5 billion[1]

Parent(s)

Balvant Parekh (father)

Madhukar Balvantray Parekh is an Indian entrepreneur, Chairman of Pidilite Industries, a

global company among the leaders in adhesives and sealants, construction chemicals,

hobby colors. Madhukar is 16th richest Indian with a net worth of US$7.5 billion as of

2019. Madhukar serves as the chairman and managing director of Vinyl Chemicals India

Limited, an Independent non executive director of Excel Industries Limited . Madhukar

also serves as an Executive Director of Pidilite Industries and Vinyl Chemicals India Ltd.

Madhukar is married, has two children and lives in Mumbai India. Madhukar Parekh

chairs Pidilite Industries, the country's leading maker of adhesives and sealants. Parekh

and his family own 70% of the company, which was founded by his late father Balvant

Parekh in 1959.Pidilite is best known for Fevicol, its iconic white glue popularized over

the decades by clever advertising. More than half of the company's $858 million in

revenue comes from adhesives and sealants.

EARLY LIFE

Madhukar was born in the family of Banvantray Kalyanji Parekh in Jain Bania Family in

Mumbai India. Madhukar completed Bachelor of Science in Engineering from the

University Department of Chemical Technology of University of Mumbai and Masters in

Chemical engineering from University of Wisconsin United States in 1969. Madhukar

joined Abbot Laboratories USA after his masters degree. Madhukar Joined his father's

business Pidilite Industries in 1971.

AWARDS & RECOGNITIONS

Ranked 13 on Business Today Top 25

Business leaders in India 2012

Chemtech Business leader of the Year 2013

Ranked 34 on Forbes India Richest list 2014

EY Entrepreneur of the year - Consumer

products 2014

PIDILITE INDUSTRIES

Pidilite Industries Limited is a India-based adhesives manufacturing company. it also

sells art material, construction chemicals and other industrial chemicals.

Pidilite markets the Fevicol range of adhesives. Its other brands are FeviKwik, Dr. Fixit,

Roff, Cyclo, Ranipal, Hobby Ideas, M-seal and Acron.

Pidilite's corporate office is located in Andheri (East), Mumbai. The company has

manufacturing facilities in India, including Mahad, (Maharashtra); Vapi, (Gujarat); Baddi

and Kala Amb, both in (Himachal Pradesh). FeviKwik is a popular cyanoacrylate based

instant adhesive in the Indian Subcontinent.

TOP MERGERS & ACQUISITIONS

MAHARASHTRA GOVERNMENT WANTS

PMC BANK TO MERGE WITH MSC BANK

"The government stands behind the PMC Bank depositors. I have

spoken with the MSC Bank director and asked him to consider a

merger of the two banks to provide relief to the depositors," Patil

told mediapersons here this afternoon.

He assured that the state's apex cooperative banking entity, the

MSC Bank's financial health is sound and the merger could

definitely help the beleaguered PMC Bank's aggrieved depositors.

Patil added that if required, the Maha Vikas Aghadi will make a

recommendation on this possible merger to the Reserve Bank Of

India (RBI) and if approved, it could take around a couple of months

to complete the entire process.

AXIS BANK EVALUATING THE ACQUISITION

ROUTE TO SCALE UP MICROFINANCE BUSINESS

Axis Bank managing director and chief executive Amitabh

Chaudhry said the bank has studied the market but has not

found a perfect match yet.

IndusInd Bank's acquisition of Bharat Financial Inclusion

has helped it expand its rural outreach and grow the microloan

business. This was preceded by Kotak Mahindra’s

acquisition of BSS Microfinance, and IDFC Bank’s

Grama Vidiyal Microfinance deal in 2016 to

mention a few.

In terms of overall business expansion,

Axis is in the process of opening more

branches this fiscal. It has opened

250 in the first six months and

is on course of opening

another 300 by March

to raise the tally

from 4,284.

ARCELOR MITTAL, NIPPON STEEL COMPLETE ACQUISITION OF ESSAR STEEL

Arcelor Mittal, the world’s biggest steelmaker, on Monday said that it has completed the acquisition of Essar Steel India

Limited (ESIL), which at Rs 42,000 crore is the largest stressed-asset deal to be closed in the country.

“The acquisition of Essar Steel is an important strategic step for ArcelorMittal,” Lakshmi Mittal, Chairman and CEO of

ArcelorMittal, said. “India has long been identified as an attractive market for our company and we have been looking at

suitable opportunities to build a meaningful production presence in the country for over a decade."

DELHI LG WITHDRAWS LAND ACQUISITION

PROCEEDINGS OF UNAUTHORISED COLONIES

NEW DELHI: Delhi Lieutenant Governor Anil Baijal on Saturday

said he has issued directions to withdraw the land acquisition

proceedings within delineated boundaries of 1,731

unauthorised colonies.

Taking to Twitter, Baijal said it was a major step for conferring

ownership rights to the residents of these colonies, adding

that the move would pave the way for smooth

implementation of PM-UDAY (PM Unauthorized

Colonies in Delhi Awas Adhikar Yojana).

"Directions issued to withdraw the land

acquisition proceedings (de-notification of

the land) in respect of the land situated

within the delineated boundaries of

1731 Unauthorized Colonies

(Ucs). #PM-UDAY," the LG

tweeted.






UNITED SPIRITS PROPOSES MERGER WITH ITS

SUBSIDIARY PIONEER DISTILLERIES LIMITED

The maker of Johnnie Walker and McDowellNSE 0.00 %

whiskey said in a company statement that the amalgamation

scheme has been approved at its board meeting.

The scheme now awaits requisite approvals from statutory

authorities including Securities Exchange, BSE Limited and

National Stock Exchange, respective shareholders and

creditors of both the companies.

“The proposed merger is part of our strategy to

consolidate the India business and further

simplify the operating structure which would

result in enabling business synergies and

efficiencies,” said Sanjeev Churiwala,

Executive Director and CFO,

Diageo India. He added that

t h i s d e c i s i o n w i l l

maximize shareholder

value for both the

companies.

FUTURE SUPPLY SHARES RISE AS CCI APPROVES

22% STAKE ACQUISITION BY NIPPON EXPRESS

Competition Commission of India (CCI) in a tweet on Tuesday said it

"approves acquisition by Nippon Express (South Asia & Oceania) Pte

Ltd of approximately 22 per cent of the total issued and paid up share

capital of the Future Supply Chain Solutions Limited".

Further, Nippon Express had informed that it had entered into a share

purchase agreement with institutional shareholder(s) of FSC to

acquire 58,63,475 shares representing 14.6 per cent of existing share

capital, it added.






MERGER OF THREE RRBS TO FORM BARODA UP BANK

The government has notified amalgamation of regional rural public sector banks — Baroda Uttar Pradesh Grameen

Bank, Kashi Gomti Samyut Gramin Bank and Purvanchal Bank — into a single regional rural bank, Baroda UP Bank.

Its headquarters will be in Gorakhpur under sponsorship of Bank of Baroda NSE 1.49 %, as per the notification.

Bank of Baroda is sponsor of Baroda Uttar Pradesh Grameen Bank, Union Bank of India is sponsor of Kashi Gomti Samyut

Gramin Bank while State Bank of India is sponsor of Purvanchal Bank.

3 PSU INSURANCE COMPANIES

MERGER TO BE COMPLETED BY DEC

After coming up with a thorough asset sale plan, the Centre is

working to quicken the merger of three state-owned general

insurance firms -- National Insurance, United India and Oriental

Insurance – to make it a large single non-life insurer.

The financial results of PSU insurers have not been encouraging

either. The United India Insurance posted a net loss of Rs 300

crore in the first quarter of 2019-20. Oriental Insurance

posted a net loss of above Rs 142 crore.






TATA POWER JV TO ACQUIRE 2 POWER

PLANTS FOR RS 920 CR FROM TATA STEEL

Tata PowerNSE 0.82 % on Friday said its joint venture

Industrial Energy Ltd has signed pacts with Tata

SteelNSE 4.60 % to acquire a captive gas-based power

plant and a diesel project in Kalinganagar, Odisha for

around Rs 920 crore.

According to the statement, while the 120 MW plant

is under construction and will be operational by

2021-22, the 40MW DGS is already

operational. The combined value of the

transactions is about Rs 920 crore,

subject to minor adjustments on

closing and applicable taxes

and duties.

ARCELORMITTAL SAYS IT IS CALLING

OFF ACQUISITION OF ITALY'S ILVA

ArcelorMittal, on November 4, said it was pulling out of the purchase

of Italy's struggling steel firm Ilva after parliament scrapped a legal

protection deemed necessary to undertake crucial environmental

work without criminal liability.

The Taranto site is at the centre of a huge legal case in which experts

cited by prosecutors have said some 7,500 people were killed in the

area over seven years by diseases linked to toxic emissions.

The decision by ArcelorMittal sparked outrage across Italy, with trade

unions variously blaming the steel giant and the ruling antiestablishment

Five Star Movement (M5S), which is a foe of big

industry, for pulling the rug out from under the deal which would have

safeguarded thousands of jobs.






SECTOR REVIEW - PLASTIC

Plastic is material consisting of any of a wide range

of synthetic or semi-synthetic organic compounds

that are pliable and so can be molded into solid

objects.

Plasticity is the general property of all materials

which can deform permanently without breaking

but, in the class of moldable polymers, this occurs to

such a degree that their actual name derives from

this specific ability.

Plastics are typically organic polymers of high

molecular mass and often contain other substances.

They are usually synthetic, most commonly derived

from petrochemicals, however, an array of variants

are made from renewable materials such as

polylactic acid from corn or cellulosics from cotton

linters

The world's first fully synthetic plastic was bakelite, invented in New York in 1907, by Leo Baekeland[3] who coined the term 'plastics'. Many

chemists have contributed to the materials science of plastics, including Nobel laureate Hermann Staudinger who has been called "the father of

polymer chemistry" and Herman Mark, known as "the father of polymer physics".

The success and dominance of plastics starting in the early 20th century led to environmental concerns regarding its slow decomposition rate

after being discarded as trash due to its composition of large molecules. Toward the end of the century, one approach to this problem was met

with wide efforts toward recycling.

PROPERTIES AND CLASSIFICATIONS

Plastics are usually classified by: the chemical structure of the

polymer's backbone and side chains; some important groups in these

classifications are: the acrylics, polyesters, silicones, polyurethanes,

and halogenated plastics.

Plastics can also be classified by: the chemical process used in their

synthesis, such as: condensation, polyaddition, and cross-linking.

THERMOPLASTICS AND THERMOSETTING POLYMERS

The plastic handle of a spatula that has been deformed by heat.

One important classification of plastics is by the permanence or

impermanence of their form, or whether they are: thermoplastics or

thermosetting polymers. Thermoplastics are the plastics that, when

heated, do not undergo chemical change in their composition and so

can be molded again and again. Examples include: polyethylene (PE),

polypropylene (PP), polystyrene (PS) and polyvinyl chloride (PVC).

Common thermoplastics range from 20,000 to 500,000 amu, while

thermosets are assumed to have infinite molecular weight.

CONDUCTIVE POLYMERS

Intrinsically Conducting Polymers (ICP) are organic polymers that

conduct electricity. While plastics can be made electrically

conductive, with a conductivity of up to 80 kS/cm in stretchoriented

oxyacetylene they are still no match for most metals like

copper which have a conductivity of several hundred kS/cm.

Nevertheless, this is a developing field.

BIODEGRADABLE PLASTICS AND BIO PLASTICS

Biodegradable plastics are plastics that degrade, or break down,

upon exposure to: sunlight or ultra-violet radiation, water or

dampness, bacteria, enzymes or wind abrasion. In some instances,

rodent, pest, or insect attack can also be considered as forms of

biodegradation or environmental degradation.

Some modes of degradation require that the plastic be exposed at

the surface (aerobic), whereas other modes will only be effective if

certain conditions exist in landfill or composting systems

(anaerobic).

AMORPHOUS PLASTICS AND CRYSTALLINE PLASTICS

Many plastics are completely amorphous, such as: all thermosets;

polystyrene and its copolymers; and polymethyl methacrylate.

However, some plastics are partially crystalline and partially

amorphous in molecular structure, giving them both a melting point,

the temperature at which the attractive intermolecular forces are

overcome, and also one or more glass transitions, the temperatures

above which the extent of localized molecular flexibility is

substantially increased. These so-called semi-crystalline plastics

include: polyethylene, polypropylene, polyvinyl chloride, polyamides

(nylons), polyesters and some polyurethanes.

Most plastics are durable and degrade very slowly, as their

chemical structure renders them resistant to many natural

processes of degradation. There are differing estimates of how

much plastic waste has been produced in the last century. By one

estimate, one billion tons of plastic waste have been discarded

since the 1950s.

CLIMATE CHANGE

ENVIRONMENTAL EFFECTS

Others estimate a cumulative human production of 8.3 billion

tons of plastic of which 6.3 billion tons is waste, with a recycling

rate of only 9%. Much of this material may persist for centuries

or longer, given the demonstrated persistence of structurally

similar natural materials such as amber.

PRODUCTION OF PLASTICS

In 2019, the Centre for International Environmental Law

published a new report on the impact of plastic on climate

change. According to the report plastic will contribute

Greenhouse gases in the equivalent of 850 million tons of Carbon

dioxide (CO2) to the atmosphere in 2019. In current trend, annual

emissions will grow to 1.34 billion tons by 2030. By 2050 plastic

could emit 56 billion tons of Greenhouse gas emissions, as much

as 14 per cent of the earth's remaining carbon budget

The effect of plastics on global warming is mixed. Plastics are

generally made from petroleum. If the plastic is incinerated, it

increases carbon emissions; if it is placed in a landfill, it becomes

a carbon sink[although biodegradable plastics have caused

methane emissions. Due to the lightness of plastic versus glass

or metal, plastic may reduce energy consumption. For example,

packaging beverages in PET plastic rather than glass or metal is

estimated to save 52% in transportation energy.

Production of plastics from crude oil requires 62 to 108 MJ/Kg

(taking into account the average efficiency of US utility stations of

35%). Producing silicon and semiconductors for modern

electronic equipment is even more energy consuming: 230 to

235 MJ/Kg of silicon, and about 3,000 MJ/Kg of semiconductors.

This is much higher than the energy needed to produce many

other materials, e.g. iron (from iron ore) requires 20-25 MJ/Kg of

energy, glass (from sand, etc.) 18–35 MJ/Kg, steel (from iron)

20–50 MJ/Kg, paper (from timber) 25–50 MJ/Kg.

INCINERATION OF PLASTICS

Controlled high-temperature incineration, above 850 °C for two

seconds performed with selective additional heating, breaks

down toxic dioxins and furans from burning plastic, and is widely

used in municipal solid waste incineration. Municipal solid waste

incinerators also normally include flue gas treatments to reduce

pollutants further.

DECOMPOSITION OF PLASTICS

Plastics contribute to approximately 10% of discarded waste.

Depending on their chemical composition, plastics and resins

have varying properties related to contaminant absorption and

adsorption. Polymer degradation takes much longer as a result of

saline environments and the cooling effect of the sea. These

factors contribute to the persistence of plastic debris in certain

environments. Recent studies have shown that plastics in the

ocean decompose faster than was once thought, due to exposure

to sun, rain, and other environmental conditions, resulting in the

release of toxic chemicals such as biphenyl

RECYCLING

Thermoplastics can be remelted and reused, and thermoset

plastics can be ground up and used as filler, although the purity of

the material tends to degrade with each reuse cycle. There are

methods by which plastics can be broken down to a feedstock

state.

The greatest challenge to the recycling of plastics is the difficulty

of automating the sorting of plastic wastes, making it labourintensive.

Typically, workers sort the plastic by looking at the

resin identification code, although common containers like soda

bottles can be sorted from memory. Typically, the caps for PETE

bottles are made from a different kind of plastic which is not

recyclable, which presents additional problems for the sorting

process. Other recyclable materials such as metals are easier to

process mechanically. However, new processes of mechanical

sorting are being developed to increase the capacity and

efficiency of plastic recycling.

TOP PLASTIC COMPANIES IN THE WORLD

SUPREME INDUSTRIES

Supreme Industries is India's top plastic manufacturing

company, processing 3,20,000 tonnes of plastic polymers

annually. The company produces wide range of plastic products

from Plastic moulded furniture to large underground drainage

pipes. They have 25 technically advanced plants and R&D units,

processing high quality of plastic products. They have got

various awards from Government and industrial bodies.

ASTRAL POLY TECHNIK LIMITED

Established in 1999, Astral Poly Technik is the first licensee of

Lubrizol of USA. They are the pioneers in Plumbing systems for

domestic and industrial use, Fire Sprinklers application, Agriculture

pressure pipes, drain and waste pipes and electric pipes. They have

state of the art manufacturing plants with qualified professional to

check quality of products. They also have a training department

with “ASTRAL piping specialist is professional which conducts

training for the correct way of installation. They are the preferred

partner of Gujarat Credai.

VIP INDUSTRIES LIMITED

VIP Industries is Asia's largest luggage manufacturer. It was

established in 1971 and and now has its presence in 27

countries. Headquartered in Mumbai, it manufactures suitcases,

briefcases , plastic moulded luggage, backpacks, shoulder bags,

vanity cases etc. They have 8000+ retail stores across India and a

network of around 1300 retailers around the world. They sell

value their products under various brands such as Alpha,

Aristocrat, Skybags, capcese, carlcon and VIP bags which is

designed as per different section and needs of Indian and Global

market.

NILKAMAL

Niilkamal Limited was founded in 1985 and is among the biggest

plastic moulded furniture company in India. They are the household

name and known for their quality products. They have their head

office in Mumbai and have 8 ISO 9001/2008 Certified

manufacturing units across the country. They have strong sales

network which has both rural and urban penetration with 39

regional offices and 41 warehouses

SAFARI

Safari was established in 1974 and is leading manufacturer of

travel luggage products such as plastic moulded suitcases,

handbags, briefcases, office backpacks and other travel

accessories. They have strong base of sales network and have

their service centres in all big and small cities in India.

PLASTIBLENDS INDIA LIMITED

Plasticblends is an ISO 9001:2008 Certified company which is

considered as India's top manufacturer of Thermoplastic

compounds used in Plastic industry. Based at Mumbai, they have

their manufacturing unit in Daman and Roorkee. Apart being

leaders in domestic market they are the pioneer exporters for 40

countries worldwide.

“HOW CAN I POSITION MY

BUSINESS TO ATTRACT

OPPORTUNITY ZONE

INVESTMENT?”

Realistically, most owners considering the

type of expansion in this example won't have

an appreciated capital asset that can cover

the cost of a new plant. As a result, they will

need to seek some type of financing. For

manufacturers that qualify for a loan, debt is

often the simplest and best solution. For

companies seeking a loan, expanding into

an opportunity zone wouldn't make the

project any more or less attractive.

On the other hand, if a manufacturing

company is looking to expand their

ownership group in the form of equity

investors, locating the new factory in an

opportunity zone might make it a more

attractive investment. And even if the owner

has decided that this expansion should be

funded by additional equity investors, an

opportunity zone location doesn't make it

any more advantageous unless the equity

investment comes through a QOF.

Before pursuing equity investment, owners

must ask themselves if they are ready to

bring additional owners into the business.

An expansion that will involve significant

equity from outside the current ownership

group, especially from an institutional QOF,

will typically require more accountability to

the new investors. There's no doubt that

opportunity zone investments will fund

some business success stories. But be sure

to consider up front how new oversight and

reporting responsibilities would affect dayto-day

operations.

WEST AFRICA'S PLASTICS TECHNOLOGY IMPORTS INCREASE

BY 22% TO 219 MILLION EUROS IN 2018 - ENORMOUS

P O P U L AT I O N G R O W T H A N D H I G H S U S TA I N A B L E

INVESTMENTS IN ITS PLASTICS INDUSTRY

According to the German Engineering Federation VDMA, West Africa imported

plastics technology at a value of 219 million euros in 2018.

A plus of 22% compared to 179 million euros in 2017 and an annual growth of

8.3% between 2014 and 2018.

Good to know: The major West African markets - apart from Nigeria - are Ivory

Coast, Ghana, Senegal, Guinea, Togo and Mali, in this order.

Due to its high and sustained investment in its plastics industry and its

immense population of 388 million, which according to the United Nations will

increase to over 700 million by 2050, it is all too likely that ECOWAS - The

Economic Community of West African States will become the number one

import region of plastics technology in Africa within the next years. A position

the region is likely to take in the long term.

PLASTIC WASTE AND THE RECYCLING MYTH

Germany is hailed worldwide as a recycling champion. But like many European

countries, it actually recycles a lot less plastic packaging waste than

commonly understood — with dire consequences for the environment.

Recycling is nearly a national pastime in Germany. There's a blue bin for paper,

a brown or green bin for biodegradables, a yellow one for plastic and a black

one for the rest.

Additionally, Germans return their deposit bottles to the supermarket and drop

glass bottles at public collecting points.






PRODUCTS

The major plastic products that India exports are -

Raw Materials - PVC, polypropylene, polyethylene, polystyrene, ABS,

polyester chips, urea / phenol formaldehyde, master batches,

additives, etc

Packaging - PP / HDPE woven sacks / bags / fabrics, poly-lined jute

goods, box strapping, BOPP tapes, a range of plastic sheeting / films (of

PVC, PP, HDPE, nylon, FRP, PTFE, acrylic, etc.), pouches, crates, bottles,

containers, barrels, cans, carboys, shopping / carrier / garbage bags.

Consumer Goods - Toothbrushes, cleaning brushes, hair brushes, nail /

cosmetic brushes, combs, molded furniture (chairs, tables, etc.) house

ware, kitchenware, insulated molded house ware

Writing Instruments - Pens, ball pens, markers, sign pens, refills, etc.

Leather Cloth / Artificial Leather Floor Coverings - Vinyl floor

coverings and linoleums

Water Storage Tanks Toys and Games Engineering Plastics -

Auto components, parts for various machinery / equipment in

telecommunications, railways, electronics, etc.

Sanitary Fittings - Cisterns, toilet seats, bathroom fittings, etc.

Construction - PVC profiles, doors, windows, etc.

Laboratory Ware Surgical / Medical - Disposable syringes,

blood / urine bags, I.V. sets, etc.

EXPORTS

In the calendar year 2006, the value of world plastic export was US$ 375 billion. However

the share of India was less than 1 % with exports of worth US$ 3.187 billion. The percentage

of growth in export was 21 %. During this trend of growth in exports, the export of plastics

raw material increased from 55 % to 60 % of the total export of plastic goods, while the

export of processed plastic goods has registered a negative growth from 45 % to 9 %.

According to recent reports, the industry is said to be losing an opportunity of USD 300

million through value addition on the raw materials that are exported.






THE TOP 10 TRADING PARTNERS FOR INDIAN PLASTIC INDUSTRY ARE

USA

UAE

Italy

UK

Belgium

Germany

Singapore

Saudi Arabia

China

Hong Kong

The Indian plastic exports were valued at

about US$ 532 million during FY 2004 (1st

half FY2005 exports US $ 295 million). With

significant capacity additions leading to

over-capacity in domestic markets during

FY2001 and beyond, polymer exports have

increased considerably. However, due to the

lower competitiveness of the plastic

products industry, polymers have been

exported directly.

2014

2015 2016 2017 2018

TOP LARGEST PLASTIC PRODUCING COMPANIES

DOW CHEMICAL BASF MATSUI TECHNOLOGIES INDIA LTD

Dow Chemical, an American based

multinational company provides chemicals,

plastics, and agricultural products. It is one

among the top 10 largest plastic producing

companies and drives innovations through

materials, polymers and biological science

to address the world's most challenging

problems such as the need for safer and

more sustainable transportation, energy

efficiency, clean water, increasing

agricultural productivity.

This company provides a wide range of

technology-based products and solutions in

h i g h - g r o w t h s e c t o r s s u c h a s

transportation, packaging, consumer care,

agriculture. Dow chemical is the foremost

worldwide supplier of major polyethylene

(PE) resin across the globe and it is known

as the world's largest producer of

polyalkylene glycols and chlorine.

BASF is one among the top 10 largest

plastic producing company, which is

established in the year 1985. It is known

to be one of the largest plastic and resin

suppliers. The products of this company

are dyes, large number of chemicals,

pharmaceutical constituents and

agricultural products.

The broad portfolio ranges from

chemicals, plastics, performance

products and crop protection products to

oil and gas.

The products & industries of BASF are:

Packaging & Print

Paints & Coatings

Personal Care & Hygiene

Pharmaceuticals

Plastics & Rubber

Pulp & Paper

Matsui Technologies India Ltd. (Matsui) is

one among the top 10 largest producing

companies in the world. It provides

auxiliary equipment's meant for plastic

processing industries (for injection

molding machines, blow molding

machines, extrusions and stretch blow

molding machines) etc.

The product range of Matsui includes the

m o o d t e m p e r a t u r e c o n t r o l l e r,

d e h u m i d i f y i n g d r yer, l ow s p e e d

granulators, hot air dryers and blenders.

The product range include:

Dehumidifying Dryer

Hopper Dryer/Hot Air Dryer.

Chillers (Air Cooled & Water Cooled).

Mold Temperature Controller.

Vacuum Loader.

Centralized Conveying System.






THE PLASTIC SECTOR IS A GOOD INVESTMENT OPPORTUNITY

AND FOR STOCKS TO BET ON RIGHT NOW

The ban on certain plastic products by the Maharashtra government

has stoked concerns that other states may follow suit. Will such bans

have a lasting impact on the Rs 1.8-lakh crore Indian plastics

industry? Should investors avoid this segment? While anti-plastic

measures may make life difficult for small-sized companies making

carry bags, gloves, etc, large, listed players won’t be significantly

impacted, say experts. In fact, investors can use the current negativity

in the Segment as buying opportunity.

The secular growth in the sector, say experts, makes it a promising

investment opportunity. Large plastic players in particular are

benefitting from the structural changes in the industry and

government actions such as demonetisation, GST, etc., have spurred

the market shift from unorganised to organised players. As the

unorganised segment still makes up around 45% of the plastics

industry, there’s a huge growth opportunity for the organised players.






SUCCESS STORIES

ZHOU QUNFEI

Founder and CEO of Lens Technology

CURRENT

RICHEST

WOMAN

IN CHINA

EARLY LIFE

Zhou Qunfei was born in 1970 in Xiangxiang, Hunan province, China, the youngest of

three children in a poor family. Before she was born, her father, a former soldier, became

partially blinded and lost a finger in an industrial accident in the 1960s. A skilled

craftsman, he supported the family by making bamboo baskets and chairs and repairing

bicycles. Her mother died when she was five. As a child she helped her family raise

animals for sustenance and small profit. Although she was the only one out of her

siblings to attend secondary school and showed promise as a bright student, she

dropped out at age 16 and moved in with her uncle's family to become a migrant worker

in Shenzhen, the special economic zone in Guangdong province. While she briefly

considered pursuing a government job for its stability, she discarded the idea as lacking

a diploma would make it difficult to do so.

In Shenzhen she deliberately chose to work for companies near Shenzhen University, so

she could take part-time courses at the university. She studied many subjects and

passed the examinations to be certified for accounting, computer operations, customs

processing, and even became licensed for driving commercial vehicles. Her biggest

regret is not having studied English.

CAREER

Although she dreamed of being a fashion designer, Zhou found a job working for a small

family-run firm making watch parts for about 180 yuan a month. Displeased with the

working conditions, she decided to quit after three months and submitted a letter of

resignation explaining her reasons, yet expressing gratitude for the working

opportunity. The letter moved the factory chief to offer her a promotion instead.

When the factory folded, she established her own company in 1993 at age 22, with her

savings of HK$20,000 (~USD$3,000). It was her cousin who encouraged her to start on

her own business, and the company began with her brother, sister, their spouses, and

two cousins all working out of a three bedroom apartment. The company appealed to

customers by promising higher-quality watch lenses. Here, Zhang took a hands on

approach and involved herself in all parts of the company, including repairs and creating

improved designs of factory machinery. In 2001, she caught her big break when her

company won a profitable contract to make mobile phone screens for the Chinese

electronics giant TCL Corporation.

Zhou Qunfei has stated that over the years she has started a total of 11 companies.

LENS TECHNOLOGY

Lens Technology in Liuyang, Hunan, China

In 2003, while still producing watch faces,

Zhou's company received a request from

Motorola to develop glass screens for their Razr

V3, during a period when the mobile phone

industry was transitioning from plastic to glass

display screens.

Following this, Zhou Qunfei started touchscreen

maker Lens Technology (named so that it

would turn up to potential customers searching

"lens" online) in 2003 and the company soon

received orders from other mobile-phone

makers such as HTC, Nokia, and Samsung

Electronics. After producing the touch screens

for Apple's iPhone during its 2007 market entry,

Lens developed into the dominant player of the

industry. Lens Technology now primarily

supplies touch-screens to leading electronics

makers such as Apple, Samsung, and Huawei,

receiving nearly 75% of its revenue from Apple

and Samsung. The Apple Watch uses her

company's glass and sapphire crystal screens.

As of 2017, the company employs about 90,000

people, was expected to churn out more than a

billion glass screens, and has 32 different

factory locations. Last year, Lens posted net

profits of 1.18 billion yuan on revenue of 14.5

billion yuan.

“Everyone has the KEY, it’s just a matter of using it right.”

WHY JOIN GIBF

GIBF aims to form a Global Business Community for large scale international networking.

E-magazine by GIBF is a fantastic platform to promote businesses reaching out to over 50 million businessmen and

professionals globally

GIBF knows the value of appreciation and hence, Award Ceremonies are organized at International, National and State level

to recognize and appreciate successful brands, business leaders and young entrepreneurs.

Furthermore, various 'Success Stories' are acknowledged and appreciated by the forum in a special edition of the E-

magazine and on digital social media platforms.

GIBF is an excellent platform to promote Trade fairs from across the globe, where you are also guided with the best Trade

fairs to participate in, and to broaden your business horizons. You can register for such Trade fairs through GIBF.

GIBF helps its members to get valuable information of important tenders for big projects, contracts and procurements.

The forum provides help, representation and guidance to companies or entrepreneurs in matters involving Government

Authorities and Agencies.

GIBF is a one stop centre for all business development activities and it is confident of opening up potentially important

markets as well as great business avenues for its members.

Azerbaijan

Azerbaijan, the nation and former Soviet republic, is bounded by the

Caspian Sea and Caucasus Mountains, which span Asia and

Europe. Its capital, Baku, is famed for its medieval walled Inner City.

Azerbaijan is a country in the South Caucasus region of Eurasia at the crossroads of Eastern

Europe and Western Asia.It is bounded by the Caspian Sea to the east, Russia to the north,

Georgia to the northwest, Armenia to the west and Iran to the south. The exclave of

Nakhchivan is bounded by Armenia to the north and east, Iran to the south and west, and has

an 11 km (6.8 mi) long border with Turkey in the northwest.

infocus

The Azerbaijan Democratic Republic proclaimed its independence in 1918 and became the

first secular democratic Muslim-majority state. In 1920 the country was incorporated into

the Soviet Union as the Azerbaijan Soviet Socialist Republic. The modern Republic of

Azerbaijan proclaimed its independence on 30 August 1991, shortly before the dissolution of

the USSR in the same year. In September 1991, the Armenian majority of the disputed

Nagorno-Karabakh region seceded to form the Republic of Artsakh.

The region and seven adjacent districts

outside it became de facto independent

with the end of the Nagorno-Karabakh War

in 1994. These regions are internationally

recognized as part of Azerbaijan pending a

solution to the status of the Nagorno-

Karabakh through negotiations facilitated

by the OSCE.

Azerbaijan is a unitary semi-presidential

republic. It is one of six independent Turkic

states and an active member of the Turkic

Council and the TÜRKSOY community.

Azerbaijan has diplomatic relations with 158

countries and holds membership in 38

international organizations.

Azerbaijan Game

Freestyle wrestling has been traditionally regarded as Azerbaijan's national sport,

however today, the most popular sports in Azerbaijan are football and chess. Other

popular sports are gymnastics, judo, futsal, weightlifting, and boxing. Azerbaijan's

mountainous terrain provides great opportunities for the practice of sports like

skiing and rock climbing. Water sports are practiced on the Caspian Sea and in

inland waters. Competitively, Azerbaijan has been very successful at chess,

weightlifting, and wrestling at the international level.

Naturally Rich

Azerbaijan Nature. Azerbaijan's varied

landscapes are home to an impressive variety of

flora, fauna, and even just beautiful spots to

discover. Azerbaijan's nature is defined by the

waters of the Caspian Sea, the peaks of the

Caucasus Mountains, with the rich valleys and

forests that lie in between. Despite some severe

destruction during Soviet times, nature in

Azerbaijan is now under the protection of the

government, and nature reserves keep the most

amazing sights safe for generations to come.

Economy

The economy of Azerbaijan has completed its post-Soviet transition into a major oil based economy, from

one where the state played the major role.

MainIndustries: petroleum and natural gas, petroleum products, oilfield equipment; steel, iron, cement;

chemicals; petrochemicals; textiles; machinery; cotton; foodstuffs

GDP –By Sector : agriculture: 6.1%,industry: 53.5%,services: 40.4% (2017 est.)

Exports : $15.15 billion (2017 est.)

Exports - commodities: oil and gas roughly 90%, machinery, foodstuffs, cotton

Exports - partners: Italy23.2%,Turkey 13.6%,Israel 6.11%,Germany 5%, Czech Republic 4.6%,Georgia

4.3%

Imports : $9.037 billion (2017 est.)

Imports – commodities: machinery and equipment, foodstuffs, metals, chemicals

Imports - partners: Russia 17.7% ,Turkey 14.85%,China 9.9%,United States 8.3%,Ukraine 5.3%

Germany 5.1%

RENEWABLE RESOURCES

Renewable energy sources are important for Azerbaijan, however there is lack of practicing

renewable energy except hydro energy. One of the alternative sources of energy is the wind

energy. It is also best profitable due to the cost, ecological cleanness and its renewable

properties compared to other alternative energy sources. Azerbaijan is one of those countries

where windmills could be perfect fit due to geographical location. In particular, the Absheron

peninsula, coastline of Caspian Sea and islands in the northwestern part of Caspian Sea, the

Ganja-Dashkesan zone in the west of Azerbaijan and the Sharur-Julfa area of the Nakhchivan

Autonomous Republic are favorable areas. In 1999, Japan's Tomen Company, together with

the Azerbaijan Scientific Research Institute of Power Engineering and Energy, installed two

towers with 30 and 40 meters in Absheron, average annual wind speed was determined to be

7.9-8.1 m/sec and feasibility study about the installation of windmills with a total capacity of

30 MWt had been prepared in Qobustan region

Culture

The Culture of Azerbaijan (Azerbaijani:

Az rbaycan m d niyy ti) developed under the

influence of Iranian, Turkic and Caucasian

heritage as well as Russian influences due to its

former status as a Soviet republic. Today,

western influences, including globalized

consumer culture, are prevalent. Azerbaijan is

the modern name of a historical and geographic

region on the border of Eastern Europe and

Western Asia, and formerly known as Aran or

Ardan by various Persian Empires, or by Albania by Greeks. It is bounded by the Caspian Sea to the east,

Russia's Daghestan region to the north, Georgia to the northwest, Armenia and Turkey to the southwest, and

Iran to the south. Azerbaijan is a home to diverse ethnicities, majority of which are Azeris, an ethnic group

which numbers to 10 million in the independent Republic of Azerbaijan. The heritage, culture, and

civilization of this region today known as the country of Azerbaijan has both ancient and modern roots.

Transportation

The transport in Azerbaijan involves air traffic, waterways and railroads. All

transportation services in Azerbaijan except for oil and gas pipelines are

regulated by the Ministry of Transportation of Azerbaijan Republic. For Soviet

transportation, see Transport in the Soviet Union.

There are about 25,000 kilometers of roads in Azerbaijan, serving domestic

cargo traffic and giving access to international main highways. Highways are

mostly in fair condition and need an upgrade to international standards in a

view to accommodate growing transit traffic

Main and rural roads are in poor condition and in urgent need of rehabilitation

and maintenance. The total vehicle fleet in Azerbaijan was about 517,000 in

2004, with about 49 private passenger cars per 1,000 inhabitants, which is

quite low compared to European benchmarks.

Azerbaijan Airlines also known as AZAL, is the flag carrier and largest airline of the country of Azerbaijan.

Based in Baku, adjacent to Heydar Aliyev International Airport, the carrier operates to destinations across

Asia, the CIS, Europe and the USA. Azerbaijan Airlines is a member of the International Air Transport

Association.

Investment in South Azerbaijan

Azerbaijan invested $151 million in Georgia's economy in Q3, 2016, which is 15.1 percent less than

in the same period of 2015. In the Q3, 2016, Azerbaijan's investments amounted to 33 percent of all

investments made in Georgia's economy. The Republic of Azerbaijan has a favorable business

environment for investors who want to start a business. Investors can benefit from a favorable

environment in Azerbaijan, without even investing much money to start business and get profit

from their business. Favorable geographical stiuation, legality, diversification of the economy,

stable macroeconomic policy, public-political stability and transparent tax policy form the basis of

an efficient environment in Azerbaijan for doing business.

Productive Promotion and Attraction of Foreign Investment Law

According to the 2019 UNCTAD World Investment Report, Azerbaijan received USD 1.4 billion in FDI

inflows in 2018, a significant drop from 2017 (USD 2.86 billion). This drop is in line with FDI inflows

to transition economies in South-East Europe and the Commonwealth of Independent States.

Azerbaijan inflows focus on the oil and gas sector, although one of the top priorities of the

Azerbaijani Government is to diversify the country's economy and attract FDI to agriculture,

transportation, tourism and information/communication technology. FDI inward stocks in

Azerbaijan were estimated at USD 31 billion in 2018 by the UNCTAD, representing 68.4% of the

country's GDP in 2018.

What are the benefits for new investments in basic industries?

The overall investment climate in Azerbaijan continues to grow despite of significant challenges

remain. Over the recent years, the country has made efforts to integrate more fully into the global

marketplace and attract foreign investment.

Adding to economic growth, human capital contribution, competition level, technology transfer and

management and governance practices are some other benefits of foreign direct investment in

Azerbaijan oil sector in Azerbaijan's economy.

On the other hand, Azerbaijan attracts foreign investors to do business by pursuing an open

economic policy. Economic openness is manifested by:

Openness to International trade

Globalization on International politics

Openness to Foreign Investment

Foreign Investment

SMARTER

INVESTING:

Experience &

Discipline

IMPORT-EXPORT

Its top imports are Cars ($312M),

Refined Petroleum ($245M),

W h e a t ( $ 2 1 9 M ) , P a ckaged

Medicaments ($212M) and

Broadcasting Equipment ($158M).

The top export destinations of

Azerbaijan are Italy ($4.71B),

Turkey ($1.22B), Canada ($780M),

the Czech Republic ($765M) and

Germany ($700M).

INDIA EGYPT

TRADE RELATIONS

India's bilateral trade with

Azerbaijan has been growing

steadily in recent years.

India's pharmaceutical

sector is established in

Azerbaijan and many Indian

pharmaceutical companies

are there in Azerbaijan. ...

The volume of trade has

increased from 50 million

d o l l a r s ( 2 0 0 5 ) t o 2 5 0

million(2015).

Consulate General

Of Azerbaijan

41, Paschimi Marg, Block-D,

Opp Vasanth Vihar Club,

Vasant Vihar, New Delhi,

Delhi 110057

ECONOMIC BILATERAL AGREEMENTS AND MOU's

TRADE: EU-SINGAPORE AGREEMENT TO ENTER INTO FORCE

ON 21 NOVEMBER 2019

EU Member States today endorsed the trade agreement between the EU and

Singapore. This means the agreement will enter into force as soon as 21 November

European Commission President Jean-Claude Juncker said: “This is the European

Union's first bilateral trade agreement with a Southeast Asian country, a building block

towards a closer relationship between Europe and one of the most dynamic regions in

the world. It crowns the efforts of this Commission to build a network of partners

committed to open, fair and rules-based trade. Trade has created 5 million new jobs in

the EU since I took office in 2014, and now contributes to the employment of 36 million

people. This, together with the fact that it accounts for 35% of the EU GDP, shows how

critical trade is for Europe’s prosperity.

Under the trade agreement, Singapore will remove all remaining tariffs on EU

products. The agreement also provides new opportunities for EU services' providers,

among others in sectors such as telecommunications, environmental services,

engineering, computing and maritime transport. It will also make the business

environment more predictable. The agreement will also enable legal protection for

138 iconic European food and drink products, known as Geographical Indications.

Singapore is already the third-largest destination for such European speciality

products. Singapore also agreed to remove obstacles to trade besides tariffs in key

sectors, for instance by recognising the EU's safety tests for cars and many electronic

appliances or by accepting labels that EU companies use for textiles.

The EU and Singapore have also concluded an investment protection agreement,

which can enter into force after it has been ratified by all EU Member States according

to their own national procedures.

INDIA AND MALDIVES EXCHANGE AGREEMENTS FOR COOPERATION

BETWEEN THE COUNTRIES

India and Maldives exchanged Memorandum of Understanding (MoUs) on 13

December 2019. It was exchanged during the Maldivian FM's visit to India. FM Abdulla

Shahid is on a five-day visit to India. Highlights:

India and Maldives signed three agreements and MoUs including an Exchange of

Instrument of Ratification for the Treaty on Mutual Legal Assistance in Criminal

Matters. It was decided and signed at the 6th India-Maldives Joint Commission

Meeting. The meeting was by Maldivian Foreign Minister Abdulla Shahid attended

among others. The MoUs included cooperation between the Election Commissions of

India and the Maldives.






8TH MEETING OF INDIA-GERMANY JOINT WORKING GROUP

ON COUNTER TERRORISM

The 8th meeting of India-Germany Joint Working Group on Counter Terrorism was held

in New Delhi on December 11, 2019. A composite Indian delegation was led by Mr.

Mahaveer Singhvi, Joint Secretary for Counter Terrorism in the Ministry of External

Affairs while the German delegation was led by Ambassador Andreas Kunne, Director,

United Nations and Counter Terrorism in the German

Federal Foreign office Both sides condemned terrorism in all its forms and

manifestations and stressed the need for strengthening international cooperation to

combat the menace in a comprehensive and sustained manner. They exchanged

assessments on threats posed by globally proscribed terrorist entities and their

affiliates as well as ongoing concerns over cross-border terrorism in South Asian

region.

Both sides discussed the importance of disrupting terrorist networks, safe havens,

infrastructure and their financing channels, and halting cross-border movement of

terrorists. They also exchanged views on contemporary counter terrorism challenges

such as radicalization and extremism, misuse of internet for terror purposes, travel of

foreign terrorist fighters, terrorist use of Unmanned Aerial Systems, etc.

The two sides agreed to further deepen counter-terrorism cooperation through

regular exchange of information, mutual capacity building efforts, sharing of best

practices and mutual legal assistance. Cooperation in multilateral fora such as the

United Nations and the Financial Action Task Force was also discussed.

It was decided that the next meeting of the Joint Working Group on Counter-Terrorism

shall be held in Germany in 2020 on a mutually convenient date.

JOINT STATEMENT - FIRST INDIA-JAPAN 2+2 FOREIGN AND

DEFENCE MINISTERIAL MEETING

Defence Minister of India, Mr. Rajnath Singh and External Affairs Minister of India, Dr.

S. Jaishankar, met Foreign Affairs Minister of Japan, Mr. MOTEGI Toshimitsu, and

Minister of Defense of Japan, Mr. KONO Taro, on 30 November 2019 in New Delhi for

the first India-Japan 2+2 Foreign and Defence Ministerial Meeting.

The Ministers affirmed that this dialogue will further enhance the strategic depth of

bilateral security and defence cooperation. Acknowledging emerging security

challenges, the Ministers reiterated their commitment to advancing bilateral security

cooperation based on the 2008 Joint Declaration on Security Cooperation and the

2009 Action Plan to advance Security Cooperation. Recalling that the two sides had a

shared vision of a free, open, inclusive and rules-based Indo-Pacific region in which

the principles of sovereignty and territorial integrity are ensured, and all countries

enjoy freedom of navigation and overflight, the Ministers emphasized that further

strengthening of bilateral cooperation was in mutual interest of both countries and

would also help in furthering the cause of the peace, security and prosperity in the

Indo-Pacific region.

The Ministers welcomed the progress made in deepening bilateral defence

cooperation last year. The Ministers noted with satisfaction that since last year India

and Japan have initiated bilateral exercises between all three components of their

defence forces. The Ministers shared the view to make continuous efforts for holding

the bilateral exercises between the defence forces regularly and further expanding

the same. In this regard, the Ministers welcomed the recently conducted second

"Dharma Guardian-2019” and the second "SHINYUU Maitri-2019”. The Ministers also

concurred to proceed with coordination for the first India-Japan joint fighter aircraft

exercise in Japan.

INDIA SIGNED MOU WITH QATAR TO SET UP UNIVERSITY CAMPUS

Maharashtra's Savitribai Phule Pune University (STPU) and Qatar's Milestone

International Education signed a memorandum of understanding (MoU) to enable the

University to set up its campus in Doha. Aim: The aim of the agreement is to provide

opportunities in higher education to around 8 million Indian diaspora based in Qatar.

MoU Provisions: The MoU will promote cooperation between the two institutions with

the support of the government of the State of Qatar. It will open new avenues and

opportunities for the Indian community in Qatar. The students will not be compelled to

send back their children to India for higher education due to the absence of the

campus of any Indian University in Qatar. As per the MoU, the campus will be fully

functional from next semester onwards.

CABINET APPROVED AN AGREEMENT BETWEEN INDIA

AND CHILE TO AVOID DOUBLE TAXATION

The Union Cabinet approved the agreement signed between the Republic of India and

the Republic of Chile to avoid double taxation. The countries signed the Double

Taxation Avoidance Agreement (DTAA) and Protocol. The Agreement and Protocol will

be implemented and monitored by the Ministry of Finance Aim: The agreement aimed

to eliminate double taxation and the prevention of fiscal evasion in both countries. It

will avoid taxes with respect to income. Agreement: DTAA will eliminate double

taxation. The Agreement provides a clear allocation of taxing rights between the

Contracting States. It is expected that it will provide tax certainty to investors and

businesses of both countries while augmenting the flow of investment through fixing

of tax rates in royalties, source State on interest, and fees for technical services. The

agreement and protocol will implement minimum standards and other

recommendations of the G-20 Organization for Economic Co-operation and

Development (OECD) Base Erosion Profit Shifting (BEPS) Project. It is expected that the

BEPS Project will curb tax planning strategies that exploit gaps and mismatches in tax

rules.

CABINET APPROVED MOU SIGNED BETWEEN INDIA,

MYANMAR ON BILATERAL COOPERATION

The Union Cabinet approved the Memorandum of Understanding (MoU) signed

between India and Myanmar on bilateral cooperation. The MoU aimed to prevent

trafficking in persons, rescue, recovery, repatriation, and reintegration of victims of

trafficking. MoU Benefits: The MoU will deepen the relationship between the two

countries. It will increase bilateral cooperation on the issues of rescue, recovery,

prevention, and repatriation related to human trafficking.

The MoU will prevent all forms of human trafficking and protect and assist the victims

of trafficking . It will ensure speedy investigation and prosecution of traffickers and

organized crime syndicates in both countries It will strengthen immigration and

border controls cooperation and implementation of strategies with relevant Ministries

and Organizations to prevent trafficking in persons. It will set up Working Groups and

Task Force to make efforts to prevent human trafficking Develop and share database

on traffickers and victims of trafficking in a safe and confidential manner and

exchange information through designated focal points of India and Myanmar

.Capacity building programmes for the agencies concerned about both countries. The

MoU will enable both the countries to formulate and adopt Standard Operating

Procedures (SOP) for Rescue, Recovery, Repatriation, and Integration of the victims of

trafficking.

SECTOR REVIEW - RUBBER

Natural rubber, also called by other names of India rubber, latex, Amazonian

rubber, caucho or caoutchouc, as initially produced, consists of polymers of the

organic compound isoprene, with minor impurities of other organic compounds,

plus water. Thailand and Indonesia are two of the leading rubber producers.

Forms of polyisoprene that are used as natural rubbers are classified as

elastomers.

Currently, rubber is harvested mainly in the form of the latex from the rubber tree

or others. The latex is a sticky, milky colloid drawn off by making incisions in the

bark and collecting the fluid in vessels in a process called "tapping". The latex

then is refined into rubber that is ready for commercial processing. In major

areas, latex is allowed to coagulate in the collection cup. The coagulated lumps

are collected and processed into dry forms for marketing.

Natural rubber is used extensively in many applications and products, either

alone or in combination with other materials. In most of its useful forms, it has a

large stretch ratio and high resilience, and is extremely waterproof.

PROPERTIES

Rubber exhibits unique physical and chemical

properties. Rubber's stress–strain behaviour exhibits

the Mullins effect and the Payne effect and is often

modelled as hyperelastic. Rubber strain crystallizes.

Due to the presence of weakened allelic C-H bonds in

each repeat unit, natural rubber is susceptible to

vulcanisation as well as being sensitive to ozone

cracking.

The two main solvents for rubber are turpentine and

naphtha (petroleum). Because rubber does not dissolve

easily, the material is finely divided by shredding prior to

its immersion.

An ammonia solution can be used to prevent the

coagulation of raw latex.

Rubber begins to melt at approximately 180 °C (356 °F).

ELASTICITY

On a microscopic scale, relaxed rubber is a

disorganized cluster of erratically changing wrinkled

chains. In stretched rubber, the chains are almost

linear. The restoring force is due to the preponderance

of wrinkled conformations over more linear ones. For

the quantitative treatment see ideal chain, for more

examples see entropic force.

Cooling below the glass transition temperature permits

local conformational changes but a reordering is

practically impossible because of the larger energy

barrier for the concerted movement of longer chains.

"Frozen" rubber's elasticity is low and strain results

from small changes of bond lengths and angles: this

caused the Challenger disaster, when the American

Space Shuttle's flattened O-rings failed to relax to fill a

widening gap. The glass transition is fast and

reversible: the force resumes on heating.

The parallel chains of stretched rubber are susceptible

to crystallization. This takes some time because turns

of twisted chains have to move out of the way of the

growing crystallites. Crystallization has occurred, for

example, when, after days, an inflated toy balloon is

found withered at a relatively large remaining volume.

Where it is touched, it shrinks because the temperature

of the hand is enough to melt the crystals.

MALODOUR

Raw rubber storage depots and rubber processing can

produce malodour that is serious enough to become a

source of complaints and protest to those living in the

vicinity.

Microbial impurities originate during the processing of

block rubber. These impurities break down during

storage or thermal degradation and produce volatile

organic compounds. Examination of these compounds

using gas chromatography/mass spectrometry

(GC/MS) and gas chromatography (GC) indicates that

they contain sulphur, ammonia, alkenes, ketones,

esters, hydrogen sulphite, nitrogen, and low molecular

weight fatty acids (C2-C5).

When latex concentrate is produced from rubber,

sulphuric acid is used for coagulation. This produces

malodourous hydrogen sulphide.

The industry can mitigate these bad odours with

scrubber systems

Uncured rubber is used for cements for adhesive, insulating, and

friction tapes; and for crepe rubber used in insulating blankets

and footwear.

Vulcanized rubber has many more applications. Resistance to

abrasion makes softer kinds of rubber valuable for the treads of

vehicle tires and conveyor belts, and makes hard rubber valuable

for pump housings and piping used in the handling of abrasive

sludge.

The flexibility of rubber is appealing in hoses, tires and rollers for

devices ranging from domestic clothes wringers to printing

presses; its elasticity makes it suitable for various kinds of shock

absorbers and for specialized machinery mountings designed to

reduce vibration. Its relative gas permeability makes it useful in

the manufacture of articles such as air hoses, balloons, balls and

cushions.

The resistance of rubber to water and to the action of most fluid

chemicals has led to its use in rainwear, diving gear, and

chemical and medicinal tubing, and as a lining for storage tanks,

processing equipment and railroad tank cars. Because of their

electrical resistance, soft rubber goods are used as insulation

and for protective gloves, shoes and blankets; hard rubber is

used for articles such as telephone housings, parts for radio sets,

meters and other electrical instruments.

USES

The coefficient of friction of rubber, which is high on dry surfaces

and low on wet surfaces, leads to its use for power-transmission

belting and for water-lubricated bearings in deep-well pumps.

Indian rubber balls or lacrosse balls are made of rubber.

Around 25 million tonnes of rubber are produced each year, of

which 30 per cent is natural. The remainder is synthetic rubber

derived from petrochemical sources.

The top end of latex production results in latex products such as

surgeons' gloves, condoms, balloons and other relatively highvalue

products.

The mid-range which comes from the technically specified

natural rubber materials ends up largely in tires but also in

conveyor belts, marine products, windshield wipers and

miscellaneous goods.

Natural rubber offers good elasticity, while synthetic materials

tend to offer better resistance to environmental factors such as

oils, temperature, chemicals and ultraviolet light. "Cured rubber"

is rubber that has been compounded and subjected to the

vulcanisation process to create cross-links within the rubber

matrix.

ALLERGIC REACTIONS

Some people have a serious latex allergy, and exposure to natural

latex rubber products such as latex gloves can cause

anaphylactic shock. The antigenic proteins found in Hevea latex

may be deliberately reduced (though not eliminated) through

processing.

Latex from non-Hevea sources, such as Guayule, can be used

without allergic reaction by persons with an allergy to Hevea

latex.

Some allergic reactions are not to the latex itself, but from

residues of chemicals used to accelerate the cross-linking

process. Although this may be confused with an allergy to latex, it

is distinct from it, typically taking the form of Type IV

hypersensitivity in the presence of traces of specific processing

chemicals.


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TYCOONS




More than 28 million tons of rubber were produced in 2018, of which

approximately 47% was natural. Since the bulk is synthetic, which is

derived from petroleum, the price of natural rubber is determined, to a

large extent, by the prevailing global price of crude oil. Asia was the

main source of natural rubber, accounting for about 94% of output in

2005.

PRODUCTION

The three largest producers, Thailand, Indonesia (2.4 million tons) and

Malaysia, together account for around 72% of all natural rubber

production. Natural rubber is not cultivated widely in its native

continent of South America due to the existence of South American

leaf blight, and other natural predators.

CULTIVATION

Rubber latex is extracted from rubber trees. The economic life

period of rubber trees in plantations is around 32 years — up to 7

years of immature phase and about 25 years of productive phase.

The soil requirement is well-drained, weathered soil consisting of

laterite, lateritic types, sedimentary types, nonlateritic red or

alluvial soils.

The climatic conditions for optimum growth of rubber trees are:

Rainfall of around 250 centimetres (98 in) evenly

distributed without any marked dry season and with at

least 100 rainy days per year

Temperature range of about 20 to 34 °C (68 to 93 °F),

with a monthly mean of 25 to 28 °C (77 to 82 °F)

Atmospheric humidity of around 80%

About 2000 hours sunshine per year at the rate of six

hours per day throughout the year

Absence of strong winds

VULCANIZED RUBBER

Natural rubber is often vulcanized - a process by which the rubber

is heated and sulphur, peroxide or biphenyl are added to improve

resistance and elasticity and to prevent it from perishing. Carbon

black is often used as an additive to rubber to improve its strength,

especially in vehicle tires, which account for about 70% (~9

million tons) of carbon black production.

TRANSPORTATION

Natural rubber latex is shipped from factories in south-east Asia,

South America, and West and Centre Africa to destinations around

the world. As the cost of natural rubber has risen significantly and

rubber products are dense, the shipping methods offering the

lowest cost per unit weight are preferred. Depending on

destination, warehouse availability, and transportation conditions,

some methods are preferred by certain buyers. In international

trade, latex rubber is mostly shipped in 20-foot ocean containers.

Inside the container, smaller containers are used to store the latex.

COLLECTION

In places such as Kerala and Sri Lanka where coconuts are in

abundance, the half shell of coconut was used as the latex

collection container. Glazed pottery or aluminium or plastic cups

became more common in Kerala and other countries. The cups are

supported by a wire that encircles the tree. This wire incorporates

a spring so it can stretch as the tree grows. The latex is led into the

cup by a galvanised "spout" knocked into the bark. Tapping

normally takes place early in the morning, when the internal

pressure of the tree is highest. A good tapper can tap a tree every

20 seconds on a standard half-spiral system, and a common daily

"task" size is between 450 and 650 trees. Trees are usually tapped

on alternate or third days, although many variations in timing,

length and number of cuts are used. "Tappers would make a slash

in the bark with a small hatchet. These slanting cuts allowed latex

to flow from ducts located on the exterior or the inner layer of bark

(cambium) of the tree. Since the cambium controls the growth of

the tree, growth stops if it is cut. Thus, rubber tapping demanded

accuracy, so that the incisions would not be too many given the

size of the tree, or too deep, which could stunt its growth or kill it.”

It is usual to tap a panel at least twice, sometimes three times,

during the tree's life. The economic life of the tree depends on how

well the tapping is carried out, as the critical factor is bark

consumption. A standard in Malaysia for alternate daily tapping is

25 cm (vertical) bark consumption per year. The latex-containing

tubes in the bark ascend in a spiral to the right. For this reason,

tapping cuts usually ascend to the left to cut more tubes.

The trees drip latex for about four hours, stopping as latex

coagulates naturally on the tapping cut, thus blocking the latex

tubes in the bark. Tappers usually rest and have a meal after

finishing their tapping work, then start collecting the liquid "field

latex" at about midday.






RUBBER INDUSTRY IN TRANSITION

With the good old Hevea rubber, otherwise known as natural rubber,

which was ruling the roost for long as a vital industrial raw material, is of

late struggling to survive amid growing researches on the commercial

possibilities of other varieties of natural rubber, innovative synthetic

rubber compounds and prospects of new technologies like Nano

technology in rubber goods production, the global rubber industry is not

going to be the same again. New industrial applications of rubber

compounds sans NR component, increasing substitution of NR with SR

in tyre production and the growing preference for nitrile latex in medical

glove production are going to decide the changing face of the global

rubber industry of tomorrow.

In the Industrial rubber products, different segments comprising

various downstream industries, including manufacturing, construction,

automotive, aerospace and others, rapid changes are taking place in

respect of processing technology, product development and innovative

applications. Because of the flexibility, elasticity, toughness, resilience

and insulation that rubber products provide, rubber – both natural and

synthetic – are widely used in transportation, industrial, consumer,

hygienic and medical applications.

The global industrial rubber products market is poised to expand at

progressive rate, driven by the increasing demand from automotive,

construction, and manufacturing industries. But the raw material

combinations of the rubber products are fast changing with an

imminent threat of NR being replaced by other alternatives – both

natural and synthetic.

CHANGING TIMES FOR

INDUSTRIAL RUBBER PRODUCTS

The demand for industrial rubber products market is

hugely driven by the motor vehicle output, and auto

component manufacturers. Burgeoning demand from the

automotive industry and rise in the application of rubber

products in the end use industry are the key drivers of the

industrial rubber product market. Growth of autonomous

and battery vehicles is apparently anticipated to propel the

demand for industrial rubber products in the future. Growth

of the infrastructure and construction activities in the

emerging economies is also anticipated to drive the

demand for industrial rubber products.

THE ROAD AHEAD FOR

INDUSTRIAL RUBBER PRODUCTS

On the basis of rubber type, industrial rubber products

market can be classified as: Natural rubber, Styrene

Butadiene Rubber, Polybutadiene, Ethylene-propylene,

Nitrile Butadiene Rubber and others. The industrial rubber

products market over the years has witnessed strong

emergence of synthetic rubbers such as Polybutadiene

(BR), Ethylene-Propylene (EPDM), Styrene Butadiene

Rubber (SBR), Nitrile Butadiene Rubber (NBR), and others.

In terms of product, mechanical goods which

encompasses products such as body seals, vibration

control devices, and wiper blades was the dominant

segment accounting for close to fifty per cent of the market

share in the recent past. On the basis of manufacturing

process type, the industrial rubber products market has

been classified as: Moulded product manufacturing,

extruded/calendared product manufacturing, fabricated

product manufacturing, latex-based product

manufacturing and others.

INDIAN RUBBER INDUSTRY SCENARIO

The downstream rubber sector of India falls broadly under

27 distinct classes with far-reaching sub-classes of endproducts,

according to Kamal K Chowdhury, President, The

All India Rubber Industries Association (AIRIA)

The present status of the industry may be evaluated

fundamentally in terms of consumption of natural rubber

(NR) and synthetic rubber (SR), being the key raw

materials, density of the manufacturing units and market

consolidation in world-wide point of view. Contrasted with

the previous year, Indian consumption of NR and SR in

2016-17 increased by 5 per cent and 8.2 per cent to 1.04

and 0.6 million tonnes respectively, he said in a recent

interview.

According to AIRIA statistics, the export of rubber and

articles thereof as a whole increased by 7.85 per cent to Rs.

167,182 million in 2016-17 compared to the export a year

ago. Like-wise the export of rubber-canvas footwear also

increased to Rs. 22,684 million in 2016-17 with a growth of

about 13 per cent.

The large units segregated, the constituents of the Indian

rubber industry are in a general sense MSMEs. A part of

them, particularly the micro units, are yet to be in the

perfect technique of preparing in the fast-changing scene

of business.

NEW INVESTMENT STRATEGIES IN “WHITE GOLD

Thailand's rubber industry seemed to be in bad shape. But now it

might be the perfect point in time for a profitable investment in the

white gold of rubber farmland. Technology 4.0, smart farming, and

the use of blockchain technology for every single tree could give the

market a consistent upward movement. The tokenization of rubber

trees could be the bright future of farming.

In the golden past, the latex rubber price escalated continuously,

which prompted Thai rubber farmers to grow rubber trees even on

unsuitable land. Even traditional rice fields have been converted

into rubber plantations. These projects depend on a high market

price and make the farmer prone to a temporary price drop, because

Thailand, for example, traded substantial amounts of reserved latex

rubber.

The long-term outlook for the rubber price seems still to be

promising. There will be definitely sooner or later a globally growing

demand for this particular commodity. However, due to oversupply,

the latex rubber price dropped dramatically in the world market. As

a spontaneous reaction, Thai farmers have been chopping down

rubber trees for the last several months and eliminated many Rai of

rubber fields.

NATURAL RUBBER EXPORTS BY COUNTRY

August 21, 2019 by Daniel Workman

Rubber tree rootsGlobal sales from natural rubber exports by country

totaled US$13.1 billion in 2018.

India Natural Rubber Consumption, Production, & Imports

1.4 M

1.2 M

1M

800K

600K

400K

200K

0

1961 1966 1971 1976 1981 1986 1991 1996 2001 2006 2011

That amount reflects an average -22.1% drop in value since 2014 when

natural rubber shipments were worth $16.8 billion. Year over year,

exported natural rubber depreciated by -19.9% from 2017 to 2018.

Among continents, Asian countries exported $11.1 billion or 84.7% of

international natural rubber sales. African exporters supplied 8.3% of

the global total followed by Europe at 4.9%.

Thailand: US$4.6 billion (34.8% of total natural rubber exports)

Indonesia: $4 billion (30.1%)

Vietnam: $984.9 million (7.5%)

Malaysia: $936.5 million (7.1%)

Ivory Coast: $752.6 million (5.7%)

Belgium: $202 million (1.5%)

Myanmar (Burma): $183.8 million (1.4%)

Laos: $168.3 million (1.3%)

Guatemala: $152.7 million (1.2%)

Liberia: $126.2 million (1%)

Germany: $115 million (0.9%)

United States: $101.1 million (0.8%)

France: $96.1 million (0.7%)

Luxembourg: $96 million (0.7%)

Philippines: $76 million (0.6%)


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TYCOONS




OPPORTUNITIES

The following countries posted the highest negative net exports for

natural rubber during 2018. Investopedia defines net exports as the

value of a country's total exports minus the value of its total imports.

Thus, the statistics below present the deficit between the value of

each country's natural rubber import purchases and its exports for

that same commodity.

China: -US$3.6 billion (net export deficit down -27% since 2014)

United States: -$1.6 billion (down -17.6%)

Japan: -$1.1 billion (down -22.2%)

India: -$905.1 million (up 8.6%)

South Korea: -$561.4 million (down -32%)

Malaysia: -$379.3 million (down -1.5%)

Germany: -$361.8 million (down -23.6%)

Brazil: -$341.6 million (down -30.4%)

Turkey: -$323.1 million (down -0.3%)

Spain: -$283.5 million (down -18.8%)

Canada: -$239.8 million (down -16.5%)

Italy: -$224.4 million (down -3.5%)

Russia: -$217.1 million (up 21.7%)

Poland: -$186.7 million (down -25.9%)

France: -$182.6 million (down -28.1%)

The People's Republic of China ran up the highest deficit in the

international trade of natural rubber. In turn, this negative cashflow

highlights China's strong competitive disadvantage for this specific

resource category but also signals opportunities for natural rubbersupplying

countries that help satisfy the powerful demand of Chinese

manufacturers.

NATURAL RUBBER EXPORTING COMPANIES

Below are rubber manufacturing companies that dominate the

worldwide rubber trade, with a focus on rubber tire makers.

Rubber tire makers.

Bridgestone Corp (Japan)

Michelin (France)

Goodyear (United States)

Continental A.G. (Germany)

Pirelli & C. S.p.A. (Italy)

Sumitomo Rubber Industries Ltd. (Japan)

Hankook Tire Co. Ltd. (South Korea)

Yokohama Rubber Co. Ltd. (Japan)

Maxxis International/Cheng Shin Rubber Industrial Co. Ltd.

(Taiwan)

Zhongce Rubber Group Co. Ltd. (China)

The Top Famous Rubber Companies

of Rubber Industry In India

These 10 companies accounted for almost two-thirds of worldwide

rubber tire sales in 2015.

According to global trade intelligence firm Zepol, the following

companies are also important players in the rubber industry:

PT PP London Sumatra Indonesia TBK (Indonesia)

Lee Rubber (Malaysia)

Transityre (France)






THE TOP FAMOUS TYPES OF RUBBER COMPANY AND RUBBER INDUSTRY IN INDIA

APCOTEX MADRAS RUBBER FACTORY RUBFILA INTERNATIONAL

Apcotex is world Synthetic Rubber in top

companies in India. However, the company

has one of the best and high ranges of

Emulsion Polymers available in the market

places. It also available in the different

types of Synthetic Rubber finds the

application of the process. There are many

products like Printing and Industrial Rollers,

Friction Materials, Belting and Footwear,

Automotive Components, Hoses, Gaskets,

Rice De-husking Rollers and much more. On

another hand, the high range of Latexes

used to Dipping, Construction, Carpet

Backing, Tyre Cord and etc.

Madras Rubber Factory is the world largest

manufacturer of tyres and popular names are

MRF. However, it is one of the best manufacturers

in India. However, there are operating in the

headquarters city of Chennai in Tamil Nadu.

www.mrftyres.com established the 1949 and

ventured in the tread rubber. Of course, the top

company manufactures rubber products

including paints and toys, tubes and conveyor

belts, tyres, treads and much more. Moreover, it

also runs the MRF Pace Foundation and MRF

Challenge in motorsport is managed the best

company. In addition, the industry leaders are

share in the high quality to customers as well as

select the best brand that the market reckons

with strong financially.

The Rubfila International Limited is also

engaged with manufacture and sale the

more latex with rubber thread. Trailer

Transportation in Rubber Industry includes

Outside India as well as more includes the

very effective sales in the domestic market.

There are possible t Talcum Coated and

Silicon Coated Rubber threads are sizes

ranging from 3.1 millimetres diameter to

0.23 millimetres. On another hand, the best

products include with furniture grade

rubber thread, colored rubber threads,

medical applications, rubber thread for

food/meat packing and many more.






Egypt

Egypt, a country linking northeast Africa with the Middle East, dates

to the time of the pharaohs. Millennia-old monuments sit along the

fertile Nile River Valley, including Giza's colossal Pyramids and

Great Sphinx as well as Luxor's hieroglyph-lined Karnak Temple and

Valley of the Kings tombs.

Egypt is bordered by the Gaza Strip (Palestinian territories) and Israel to the northeast, the

Gulf of Aqaba and the Red Sea to the east, Sudan to the south, Libya to the west, and the

Mediterranean Sea to the north. Across the Gulf of Aqaba lies Jordan, across the Red Sea lies

Saudi Arabia, and across the Mediterranean Sea lie Greece, Cyprus and Turkey, although

none of these share a land border with Egypt.

Egypt has one of the longest histories of any country, tracing its heritage back to the 6th–4th

millennia BCE. Considered a cradle of civilisation, Ancient Egypt saw some of the earliest

developments of writing, agriculture, urbanisation, organised religion and central

government. Iconic monuments such as the Giza Necropolis and its Great Sphinx, as well the

ruins of Memphis, Thebes, Karnak, and the Valley of the Kings, reflect this legacy and remain

a significant focus of scientific and popular interest.

infocus

Egypt's long and rich cultural heritage is an

integral part of its national identity, which

has endured, and often assimilated, various

foreign influences, including Greek,

Persian, Roman, Arab, Ottoman Turkish, and

Nubian. Egypt was an early and important

centre of Christianity.

Islam is the official religion of Egypt and

Arabic is its official language. The great

majority of its people live near the banks of

the Nile River, an area of about 40,000

square kilometres (15,000 sq mi), where the

only arable land is found. The large regions

of the Sahara desert, which constitute most

of Egypt's territory, are sparsely inhabited.

Egypt Game

Football is the main sport in Egypt; Egyptians gather around to watch

various Egyptian clubs and the Egyptian national football team play on an

almost daily basis. El Ahly and El Zamalek are amongst the most popular in

the country, both of which are based in Cairo. Both teams compete in the

Egyptian Premier League, the highest tier of Egyptian football. These two

teams compete in the Cairo derby.

Naturally Rich

Egypt is home to a wide variety of animals and

plants, including jackals, gazelles, crocodiles, and

cobras. The best places to see Egypt's wildlife are

in its more than 20 protected regions, which

include oases, deserts, mountains, coastal areas,

river islands, and wetlands.

Egypt is a unique country lying simultaneously in

two parts of the world. One part of the territory is

in North Africa, and the other is on the Sinai

Peninsula belonging to Asia.

Economy

The economy of Egypt was a highly centralized economy focused on import substitution under President

Gamal Abdel Nasser. In the 1990s, a series of International Monetary Fund arrangements, coupled with

massive external debt relief resulting from Egypt's participation in the Gulf War coalition, helped Egypt

improve its macroeconomic performance.

MainIndustries: textiles, food processing, tourism, chemicals, pharmaceuticals, hydrocarbons,

construction, cement, metals, light manufactures

GDP –By Sector : agriculture: 11.7%,industry: 34.3%,services: 54%

Exports : $23.3 billion (2017 est.)

Exports - commodities: crude oil and petroleum products, cotton, textiles, metal products, chemicals,

agricultural goods

Exports - partners: United Arab Emirates 10.9%,Italy 10%,United States 7.4%, United Kingdom

5.7%,Turkey 4.4%, Germany 4.3%, India 4.3

Imports : $59.78 billion

Imports – commodities: machinery and equipment, foodstuffs, chemicals, wood products, fuels

Imports - partners: China7.9%, United Arab Emirates 5.2%, Germany 4.8%,Saudi Arbia 4.6%,United

States 4.4%,Russia 4.3%

RENEWABLE RESOURCES

Egypt possesses an abundance of land, sunny weather and high wind speeds, making

it a prime location for renewable energy sources. The renewable energy equipment

market is potentially worth billions of dollars. The Government of Egypt is cognizant of

the need for a sustainable energy mix to both address increasing demand, and to move

to a more environmentally sustainable and diverse electricity sector. The 2035

Integrated Sustainable Energy Strategy, which builds on previous strategies,

emphasizes the importance of renewable energy. Egypt intends to increase the supply

of electricity generated from renewable sources to 20% by 2022 and 42% by 2035,

with wind providing 14 percent, hydro power 2 percent, and solar 25 percent by 2035.

The private sector is expected to deliver most of this capacity.

Culture

Egypt has a rich history and culture dating back

thousands of years, starting with the Pharaonic

culture, then Christianity and Islam. Egypt is

among the earliest civilizations. Its culture has

been affected by many other cultures and ethnic

groups who either lived in or invaded the

country, creating a melting pot. Arabic is Egypt's

official language, it came to Egypt in the 7th

century,and the Egyptian Arabic dialect today has become the modern speech of the country become the

modern speech of the country. Of the many varieties of Arabic, it is the most widely spoken second dialect,

due to the influence of Egyptian cinema and media throughout the Arabic-speaking world. Egypt's

position in the heart of the Arab world has also had reversed influence, adopting many words, phrases, and

proverbs from neighboring Arabic speaking areas such as the Maghreb area and the Mashriq. Today the

daily Egyptian Arabic adopted several French, Italian, Greek, Turkish, Armenian and English words to its

dictionary, as well as keeping several other words from its own ancient languages such as Coptic and

Demotic.

Transportation

Transport in Egypt is centered in Cairo and largely follows the pattern of

settlement along the Nile. The Ministry of Transportation and other

government bodies are responsible for transportation in Egypt, whether by

sea, land or air.

With regards to rail, air and waterway travel, the main line of the nation's rail

system follows along the Nile river and is operated by Egyptian National

Railways. In addition to overseas routes, Egypt Air provides domestic air

service to major tourist destinations from its Cairo hub.

People still travel via the Nile, mainly between Cairo and Aswan. The Suez

Canal is a major waterway for international commerce and navigation,

linking the Mediterranean and Red Sea. Major ports are Alexandria, Port Said,

Damietta on the Mediterranean and Suez and Safaga on the Red Sea..

Investment in Egypt

Prior to the political crisis, Egypt was a very attractive Middle Eastern market for FDI. The dynamic

growth of the Egyptian economy (around 7% before the crisis), its strategic geographical position,

low labour costs, skilled workforce, unique tourist potential, substantial energy reserves, large

domestic market and the success of the reforms undertaken by the authorities (including many

privatisations) all sharply drove up FDI. The regional context must also be taken into account, as

Egypt benefited from abundant liquidity coming from the Gulf States. FDI decreased sharply as a

result of the global economic crisis and following the socio-political revolution of 2011, but has

been growing since at a steady rate, until 2017. According to UNCTAD's World Investment Report

2019, inward investment flows decreased by 8.2% between 2017 and 2018.

Productive Promotion and Attraction of Foreign Investment Law

This year Egypt ratified a landmark investment law that will modernize and reduce barriers to how

international companies invest and operate in Egypt. The measure will expand economic growth,

domestic production, exports and foreign investment, and is designed to boost employment

opportunities and increase Egypt's competitive edge across the region. The law is also expected to

ensure equality of opportunity, empower youth, protect the environment and public health, and

enhance good governance and transparency.

Under the new Law, starting an investment will be exempted from stamp tax, most governmental

expenses, and land/property registration expenses. More importantly, the Law stipulates that

customs on all equipment and materials required for the manufacturing and establishment of

investment projects will be decreased and unified at a rate of 2%.

What are the benefits for new investments in basic industries?

Egypt has recently witnessed a set of developments to encourage and attract investments, on top

of which are the issuance of the new Investment Law, the approval of the law on Regulating the

Activities of Gas Market, the issuance of the executive regulations for the Law of Facilitating the

Procedures of Licensing the Industrial Establishments as well as the Finance Lease and Factoring

Law, amendments in the Companies and Capital Market Laws, and cancelling the law of (Soukok)

bonds.

Major industrial products included textiles, chemicals (including fertilizers, polymers, and

petrochemicals), pharmaceuticals, food processing, petroleum, construction, cement, metals, and

light consumer goods.

SMARTER

INVESTING:

Experience &

Discipline

IMPORT-EXPORT

Egypt is the 62nd largest export

economy in the world and the

72nd most complex economy

according to the Economic

Complexity Index (ECI). In 2017,

Egypt exported $30.1B and

imported $64.1B, resulting in a

negative trade balance of $34B.

In 2017 the GDP of Egypt was

$235B and its GDP per capita

was $11.6k.

INDIA EGYPT

RELATIONS

E g y p t h a s b e e n

traditionally one of India's

most important trading

partners in the African

continent. The India-

Egypt Bilateral Trade

Agreement has been in

operation since March

1978 and is based on the

Most Favoured Nation

clause and the bilateral

trade has increased more

than five times in last ten

years.

Consulate General

of Egypt

101 Benhur Apartments, 32,

Narayan Dabholkar Rd,

Navshanti Nagar, Malabar Hill,

Mumbai, Maharashtra 400006

UPCOMING GIBF EVENTS

www.plastivision.org

www.gibf.biz

91 99303 55494 sanjeevani@plastivision.org

8530276006/9545453350 info@gibf.biz

PLASTIVISION INDIA 2020

Event Date

16-20 Jan, 2020

Event Venue

Bombay Exhibition Centre, Mumbai

Organiser

The all India Plastics Manufacturer’s

Association

We provide a space to reach out and establish contact with the people

who matter in the plastic industry. It doesn't matter what size is your

organization - you can strengthen your brand's reputation by making

your presence felt at PLASTIVISION INDIA 2020. Use the event to

showcase a new or existing product to the world.

The exhibition today has become the platform for companies to launch

new products, grow their network within and outside the industry, learn

new technologies and exchange ideas on a global level. Such is the

influence of the show that today it is ranked amongst the top 10 plastic

industry events globally.

BIHAR CARNIVAL, 2020

GIBF

www.events.galaxycinevision.com

www.gibf.biz

9999678536

hello@biharcarnival.com / hello@galaxycinevision.com

8530276006/9545453350 info@gibf.biz

Event Date

07-09 February, 2020

Event Venue

Gandhi Maidan, Patna, Bihar, India

Organiser

Galaxy Cinevision

A premium Carnival & Expo showcasing all different sector product

manufacturing companies & service sector industries. The Principal

objective here is to organize huge scale show which matches the

glamour of the Market in Bihar. Bihar is 13th largest state by area and

the 3rd largest by population. It holds significance because of its

ancient monuments and tourist attractions. Besides being a Buddhist

circuit, Bihar has many things worth knowing. Patna the capital of

Bihar ranks amongst the fastest developing cities of India.

The capital city has a rich cultural and historical heritage dating back to

600 B.C. It had an estimated city population of 1.68 million in 2011,

making it the 19th largest city in India. The World Bank ranked Patna

second in India (after Delhi) for ease of starting a business. Patna's per

capita gross domestic product is 1,06,000 ($1581). Using figures for

assumed average annual growth, Patna is the 21st fastest growing city

in the world and 5th fastest growing city in India according to a study.






Organised By

INTRODUCING

CENTRAL INDIA’S FIRST STATIONERY EXPO

CaVoK

Services

MAHA

STAT ONERY EXPO

NAGPUR - 2020

FEBRUARY 2020

7 8 9

FRI SAT SUN

GLOCAL SQUARE,

SITABULDI, NAGPUR

10 AM - 06 PM

Corporate & Promotional | Education And E-learning Cd’s | Writing Instruments

School & Office Stationery | Files & Folders | School Bags | Book Publishers & Printers

Sports Items | Trophies | Educational Toys | Educational Charts | Handicrafts

www.cavokservices.com

www.gibf.biz

Exhibitors Profiles

9579478787 info@cavokservices.com

8530276006/9545453350 info@gibf.biz

MAHA STATIONERY EXPO - NAGPUR

Event Date

07th-09th Feb, 2020

Event Venue

Glocal Square, Sitabuldi, Nagpur,

Maharashtra 440012, India

Organiser

CAVOK SERVICES

After the successful 1st Edition of Maha Stationery Expo in Kolhapur,

now we are taking his to the next level with 200+ Stationers Brands.

This is supposed to be central Indias only Stationery Show with a

target of 15000+ Trade Visitor scheduled in the best buying Month of

February.

Welcome to the 3rd International Conference on Future of Women

2020 to be held from 13th – 14th February 2020 in Bangalore, India

organized by the International Institute of Knowledge Management

(TIIKM). Internationally renowned speakers, academicians,

researchers, women activists, policymakers and delegates from

worldwide will participate in the conference to discuss women issues

and empower women in a global context by offering inspiration,

motivation and networking. The theme for the Future of Women 2020

is “The Next Generation of Women: Equal Rights, Equal Opportunities,

and Equal Participation.

The centrally Located venue just adjacent to the Sitabuldi Metro Station

and less than 2 Km from Nagpur Railway Station this place is the most

prefered destination for the 2nd Edition.

THE 3RD INTERNATIONAL

CONFERENCE ON FUTURE OF

WOMEN 2020

Event Date

13th – 14th February 2020

Event Venue

Ramada Yelahanka hotel Bengaluru, India

Organiser

The International Institute of Knowledge

Management (TIIKM)

For the next generation of women, we unapologetically seek

appropriate measures to ensure the full development and advancement

of women and to safeguard their civil, legal and human rights. The

theme for the Future of Women 2020 is “The Next Generation of Women:

Equal Rights, Equal Opportunities, and Equal Participation. For the next

generation of women, we unapologetically seek appropriate measures

to ensure the full development and advancement of women and to

safeguard their civil, legal and human rights.


THE BUSINESS

TYCOONS




India International Beauty Fair is not just a major showcase of beauty

products, but also the showcase of beauty and wellness trends,

beauty services, packaging and labelling solutions. This fair is

scheduled to be held from February 28 - 01 March, 2020. This event

encompasses cosmetics, all the products and, Aerosols/ Dispensers,

Wigs & Hair Pieces, Combs & Brushes, Detox & Slimming, Services for

Hair, Skin, Body and Eye Care, Soaps and Detergents in all Forms.

INDIA INTERNATIONAL BEAUTY

FAIR 2020

Event Date

Feb 28th-29th-01st Mar, 2020

Event Venue

Hall No. Bombay exhibition,

Center Mumbai

Organiser

BRANDSUN PROMOTION

All the Essential Oils, Perfumes, Incense Sticks, Flavors and Fragrances,

Wellness Centers, Pools, Spas, Potpourri Sachet of Perfumed Flowers.

Perfumed Candles and other related products used in SPAs,

Naturopathy, aromatherapy, anti-aging products, whitening products,

Beauty products for men & women, Medical Beauty Treatment,

Slimming products, Health related services, Wedding accessories,

packaging & wrapping material, Ribbons, etc.

erificationx

.com

F I n d I n g F a c t s . . . R e v e a l I n g T r u t h

Contact: +91 7720 979 994

Email: vxsupport@verificationx.com

CORPORATE INDIVIDUAL SERVICES

All Employees

Contractual staff

Contractors

Vendors or Suppliers

Service Providers

Self Verification

Matrimony

Drivers

Nannies

Home Rentals

Security Guards

Cleaning Services and

Domestic Help

Service Providers

(Plumber, Electrician etc.)

Residential Address

Verification

Character Reference

Verification

Employment Record

Verification

Academic Record

Verification

Criminal Record

Verification

Court Record Verification

Global Database Search

Medical Tests, Drug Test etc.

ID Verification

Social Network, Media &

Online Search


THE BUSINESS

TYCOONS




- Global Offices -

USA

17 Spaniel Ct,

Kendall Park,

NJ 08824 New Jersey.

United Kingdom

26 Barrett Street,

Smethwick West,

Midlands,B66 4SE.

Dubai

Office No-O108, Abdulla Al,

Subai Building, Oud Metha,

P.O.Box-120875.

China

4th H/F. 428 Building,

3rd Bagua Road,

Futian District, Shenzhen.

Singapore

#04-233, Blk 767,

Bedok Reservoir View,

Singapore - 470767.

India

Office No.16, 3rd Floor,

Primrose -The Mall,

Baner Road, Pune - 411045.

Head Office

E-22, B-1 Extension,

Mohan Cooperative Industrial Estate

Badarpur New Delhi 110040.

+91 8530486006

The business Tycoons December - 2019

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