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Indian Consulate General in Chicago hosts “Make in India” seminar

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Pic 4Chicago: The Consulate General of India hosted an Executive Seminar on ”’Make in India Week” on Wednesday. The International Business Council, Illinois Chamber of Commerce were the host partners of the seminar.

Over hundred eminent business persons and entrepreneurs attended the event. These businessman and entrepreneurs are working in different sectors of economy in the US–Midwest, besides senior officials of the State of Illinois, World Business Chicago, Sister City International, Illinois Biotechnology Industry Organization (iBIO), The Chicago Council on Global Affairs, Illinois Chamber of Commerce, US-India Business Council (USIBC), US-India Chamber of Commerce and the Kellogg School of Management.

The main speakers at the event were Dr Ausaf Sayeed, Consul General of India; Mr Hardik Bhatt, Chief Information Officer, State of Illinois; Ms Amy Hariani, Director & Legal Policy Counsel, US-India Business Council, Mr Kishen Kavikondala, President, SK International, Mr Tom L Kelly, Director of Government Affairs, Clark Hill PLC, Ms Poonam Gupta-Krishnan, Founder of Iyka Enterprises and Mr Brad Perine, Vice President of Marketing, Esayfe.

Consul General Dr Ausaf Sayeed made a power presentation on “Make in India Week”. Through which he highlighted the robust health of Indian economy.  He pointed out that IMF in its World Economic Outlook (WEO) sees India as the world’s fastest growing economy in 2016-17 with GDP growth of 7.5%. India continues to be the

India has maintained its status as the Top Global Destination for FDI with 32% of investors termed India as the Most Attractive Market last year while other 60% placing it among the top 3 investment destinations.

He mentioned that investors consider India as one of the most open economies in the world allowing 100% FDI in most of the sectors of its economy.

He talked about Prime Minister Narendra Modi’s goal of, ”Reform to Transform” which aims to make India the easiest and simplest place to do business by eliminating paperwork and easing out old cumbersome procedures.

The Consul General said that ”Make in India” is the premier initiative of Indian Government. It targets at transforming the Indian economy from the services-driven growth to intensive manufacturing driven growth. It will not only increase productivity but also will promote India as an international manufacturing hub.

He talked about the 30 key economic sectors where MNCs can set up the manufacturing base in India. He added that India’s manufacturing sector offers one trillion US dollars of economic opportunity.

He specifically mentioned the synergy between Indian states and those in the US Midwest. He said this synergy could be utilized to boost the manufacturing sectors in both countries. A promotional film on “Make in India” was also shown as part of the presentation.

Mr Hardik Bhatt, Chief Information Officer of the State of Illinois, asserted that Illinois is one of most important business partners of India. He said Illinois is the leader in the field education, global connection, and innovative ecosystem and it has a desire to collaborate with India in the initiative of developing the smart cities. He cited his recent useful interactions with high-level trade missions who had come from high Andhra Pradesh and Karnataka.

Ms Amy Hariani, Director and Legal Policy Counsel, US-India Business Council (USIBC) commended Modi government. He said that the government made constant progress to deliver on its election promises of economic reforms.

He said the allowing FDI in several sector more freely, removal of red tape, the arrival of transparent tax environment and the intellectual property regime’s improvement have sent the message to all the investors that India is ready and open for serious business.

He said these efforts are also visible in India’s rise in the World Bank’s, ”Ease of Doing Business Index”. She added the US enterprises are also committed to the ”Make In India” program in many areas such as defense, health, power generation, media, entertainment, and technology and there is potential to do more.

Mr Tom Kelly, Director of Government Affairs in Clark Hill’s Washington DC office and Mr Kishen Kavikondala, President SK International held a joint presentation focused on introducing the American skilled training model to the Indian students.

Ms Poonam Gupta, Founder, and CEO of Iyka Enterprises, Inc, gave a presentation on simplifying technology for the manufacturing industry and customizable data management solutions to a specific, targeted market.

Mr Brad Perine, Vice President of Marketing of M/S Esayfe gave a presentation on software security applications to protect and secure sensitive data, while expressing their company’s interest in supporting the ‘Make in India’ initiative.

The Consulate General of India, Chicago has since mobilized four major business delegations — one each from the States of Minnesota, Illinois, Michigan and Missouri to participate in “Make in India Week”, scheduled in Mumbai from February 13-18, 2016.

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All You Need To Know About The Rafale Deal Controversy

The fiasco that Congress is creating on the Rafale Deal is certainly not fair

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Rafale Deal is very important for both the countries involved i.e. India and France.
Rafale Deal is very important for both the countries involved i.e. India and France.

By Ruchika Verma 

  • Rafale Deal happened between India and France
  • The Rafale Deal is about the Rafale fighter jets
  • The deal is getting into controversies because of the allegations de by the opposition, especially Congress

Prime Minister Narendra Modi in April 2015 made the announcement that India will buy 36 French-manufactured Rafale fighter jets from Dassault, a French aircraft builder and integrator. This came to be known as Rafale Deal.

The Rafale deal of 36 Rafale aircrafts between India and France was called a “win-win partnership” for both the countries.

Prime Minister Narendra Modi finalised the Rafale Deal during his visit to France in 2015. (FILE PHOTO)
Prime Minister Narendra Modi finalised the Rafale Deal during his visit to France in 2015. (FILE PHOTO)

But recently it has come under attack of the Opposition, mainly the Indian National Congress, which has alleged that there have been irregularities in this deal and its proceedings. However, the government has denied and rejected all the charges.

The Rafale Deal is nothing new and was also signed during the time of UPA government. The first time it came to light was during the government of Atal Bihari Vajpayee where the original proposal was to buy 126 fighter jets.

After tests and negotiations in 2012, Rafale was considered L-1 bidder and negotiations started which only came to a conclusion as the Rafale Deal in 2015 under Prime Minister Modi’s government.

NDA government has got a better price on the Rafale Deal than the UPA governement.
NDA government has got a better price on the Rafale Deal than the UPA government.

Now the UPA alleging irregularities on NDA government doesn’t seem fair to many because no deal took place under their government. The transfer of technology was a primary issue of concern between the two sides. Dassault Aviation also tried to deny to take the responsibility of quality control of the production of 108 aircraft in India. The Dassault provided for 3 crore man-hours for production of the Rafale jets in India, HAL’s estimate was approximately 3 times higher which resulted in an escalation of costs in the manifold.

Also Read: Make in India: France to set up production centers for Rafale fighters

Prime Minister Modi’s visit to France in 2015 helped bring this deal to a final conclusion. The government-to-government deal of 36 jets was to completed as soon as possible.

On costs of the Rafale Deal, NDA government has said that it got better terms than those quoted in the original bid under the UPA government. The total savings are reported to be of more than 1600 million Euros. However, the cost breakdown of Rafale Deal in the original bid under UPA government and in the 36 aircraft in the NDA’s government-to-government deal is not available for the public domain.

The Rafale Deal involves no private party from the side of India. www.worldwide-military.com
The Rafale Deal involves no private party from the side of India. www.worldwide-military.com

Under the current agreement, the  Rafale Deals support the ‘Make In India’ initiative of the Indian Government through the IGA’s Article 12. It states that France will facilitate the implementation of ‘Make In India’. These critical design technologies were already discussed between the two governments in previous meetings. The present Rafale Deal is signed between two sovereign governments and there is no private individual, firm or entity involved in the process from the side of India. The procurement process also does not include any private company or firm from India.

Also Read: IAF’s Rafale Deal with France: India confirms order

The fiasco that Congress is creating on the Rafale Deal is certainly not fair as the NDA government has proved that their deal is better than the one which was undertaken during the UPA government.