Belgium-based Belgo-Indian Chamber of Commerce and Industry (BICCI) released its latests India News Flash. BICCI seeks to promote the commercial, industrial, scientific and financial co-operation between Belgium and the Republic of India. The BICC&I also supports educational, cultural and social exchange programmes. Through its channel and its co-operation with Indian, Belgian and European official institutions, BICC&I serves businesses in both directions, from Belgium to India and from India to Belgium.
Excerpt from latest edition of ‘Economic Good News from Belgium’: Dhamra was a small fishing port in the state of Orissa, on the Gulf of Bengal. Thanks to, amongst others, Dredging International, which is part of DEME (Dredging, Environmental and Marine Engineering Group), from Zwijndrecht in the province of Antwerp, a new port will open there on 1 March 2010. Dredgers are deepening the 19 km long access channel to Dhamra. The clay that is scooped up is dumped in the sea further up. Then pure sand is dredged up thirty kilometres away and used to raise the 130 hectares of land where the port terminal will be. In the meantime work is in full swing to build the infrastructure for the terminal – jetties, transfer stations, railways, cranes, conveyor belts, etc. When the terminal is ready …
A year and a half after being set up in January 2008, BLBA member, Picanol India is now well established with three branches offering a comprehensive range of services to the Indian textile industry. “I am very happy that we have managed to build such a solid organization and get up to full speed in the space of a year,” says Mr. P. Kasiviswanathan, Head of Indian Operations.
The head office is located in Delhi, with two other branches in Mumbai and Coimbatore respectively. In addition there is a residential service engineer covering Gujarat, with three people available around the clock stationed in….
From October 31st 2009 onwards, ALL foreign nationals, including the ones working on projects or contracts, will require employment visas to work in India. We advise BLBA members who are affected by these new guidelines to contact their company’s senior tax professionals. Read the Economic Times article by Karishma Julka, senior tax professional with Ernst & Young, India, for some more background information: http://economictimes.indiatimes.com/articleshow/5163647.cms?prtpage=1.
Today BLBA received a message from Eurochambers announcing the postponement of the European Business Delegation to India, 5-6 November 2009:
“Regretfully, we must inform you that the strategic decision was taken to postpone the EBTC European Business Delegation to early 2010 so as to achieve the highest return and visibility. We apologize for the inconvenience and encourage you to remain in contact with us on the matter.” Anita Ryczan, Eurochambers International Affairs. BLBA will keep you informed about the new dates.
