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BUDGET PROPOSES NEW RS 8,000-CRORE DAIRY INDUSTRY FUND

FEB 2017- Arun Jaitley has said the fund, with an initial corpus of Rs 2,000 crore and to be quadrupled in three years, would be used to enable expansion of milk processing capacity in the country. The dairy industry is awaiting the fine print of the proposed Rs 8,000-crore Dairy Processing and Infrastructure Development Fund to be set up under the NABARD. In his Budget speech, FM Arun Jaitley has said the fund, with an initial corpus of Rs 2,000 crore and to be quadrupled in three years, would be used to enable expansion of milk processing capacity in the country.



AN ITALIAN AFFAIR AT AMAZON FASHION WEEK

OCT 2016- Italian apparels, bags, umbrellas and shoes made a cut above statement here at the Amazon India Fashion Week (AIFW) Spring- Summer 2017. FDCI (Fashion Design Council Of India) collaborated with the Italian Trade Commission to have Italy as partner country for the 28th edition of the gala. Assocalzaturifici (Italian Footwear Manufacturers' Association) and Aimpes (Italian Leather goods Manufacturers' Association) showcased collection of leather goods from 41 leading Italian brands. Francesco Pensabene, Trade Commissioner to India, Embassy of Italy, New Delhi and Sunil Sethi, President of FDCI also inaugurated the Italian Pavillion and Aperitivo.



FOOD PROCESSING SECTOR TO TREBLE IN COMING YEARS: HARSIMRAT KAUR BADAL

India's food processing industry is expected to treble in the coming years on the back of higher economic growth and government initiatives like 100 per cent FDI in marketing of food items, Union Minister Harsimrat Kaur Badal. At present, the size of India's food processing industry is about Rs 1.5 lakh crore. Food processing industry will treble in the coming years... Retailers, processors and manufacturers will be the three key drivers for facilitating the growth story, said the minister.



APPLY FOR 'GLOBAL MBA' AT BOLOGNA BUSINESS SCHOOL

MAY 2016- The Global MBA is a 12-month full-time program entirely taught in English. The program is divided into three blocks: general management, concentration-specific courses, and an internship or project work period. There are six concentrations to choose from: SUSTAINABLE BUSINESSES / CORPORATE FINANCE / DESIGN, FASHION AND LUXURY / FOOD AND WINE / INTERNATIONAL PROCESSES / MECHANICS & AUTOMATION. For more information please click here



'WATLY' - THE MACHINE THAT USES THE SUN TO PURIFY WATER

MAY 2016- Imagine a machine that can turn contaminated water from a river, ocean or even sewage into drinking water, while at the same time generating enough electricity to power itself with surplus, and connecting everywhere within a kilometre radius to Wi-Fi. It sounds too good to be true, but Marco Attisani has created just that. Watly is a solar-powered water purification machine that can service a community of up to 3,000 people. The project is designed to solve three major weaknesses in infrastructure all at once: access to water, electricity and internet. Across the world, 783 million people do not have access to clean water, 1.2 billion lack access to electricity, and 4.2 billion are still without internet access.



THE FIRST 20 SMART CITIES TO BE FUNDED IN FISCAL YEAR 2016

FEB 2016- The Indian government announced the list of first 20 smart cities on 22nd January 2016. The selection of the first twenty smart cities above came through a rigorous process of evaluation of panel of experts , including World Bank,London school of economics and National Institute of Urban affairs. The selection was made on 2 stages and based on: 1) Existing public service levels serving the population of the city. 2) Institutional system and capabilities. 3) Self sustenance and 4) Past track record – execution of funds in previous government projects for urban development.



ARTICLE ON STARTUP INDIA INITIATIVE ALONG WITH AN INTERVIEW WITH ITALIAN STARTUP 'NOONIC'

JAN 2016- The new buzz across India these days is the grand startup initiative launched this month by Hon. Prime Minister Narendra Modi. The new identification of a plan for this startup oasis in midst of the many startup dunes; comes after the recent tour of Mr. Modi to the Silicon Valley meeting the chief executives of Facebook, Google, and Apple. It won’t be wrong to assume that Mr. Modi is trying to build a sustainable Silicon Valley within India. Here attached is some brief info. on the Startup India initiative along with an exclusive interview with 'Noonic' - First Italian Startup in India. Please click on the Read More link below



MAHINDRAS BUY ITALIAN AUTO DESIGN FIRM PININFARINA

DEC 2015- Tech Mahindra and Mahindra & Mahindra (M&M) have jointly acquired controlling stake in Italian automobile design house Pininfarina, wrapping up nearly eight months of talks that focused on valuation. The Mahindra Group companies announced that the deal was done through a special purpose vehicle (SPV), held 60% by Tech Mahindra and 40% by M&M. Pininfarina will continue to remain an independent company, listed on the Milan Stock Exchange, with Paolo Pininfarina as chairman of its board.



VALAGRO OF ITALY BUYS MAJORITY STAKE IN SRIBIO

NOV 2015- Italy-based Valagro S.p.A, manufacturer of plant biostimulants and high efficiency nutritionals, has acquired a majority stake in Hyderabad-headquartered Sri Biotech Laboratories India (SriBio), paving the way for an exit for the latter’s existing investor India Agri Business Fund. Rabobank sponsored India Agri Business Fund picked up a minority stake in SriBio for Rs 45 crore in 2009.



INDIA'S FOOD INDUSTRY TO BE WORTH $65 BILLION BY 2018

NOV 2015-The country's food industry is expected to grow 11 per cent annually to reach $65.4 billion (about Rs 4 lakh crore) by 2018, according to a research report. The industry is presently valued at $39.71 billion (Rs 2,476.8 billion), the joint report by IIM-Calcutta and Academic Foundation said. "Food and grocery constitute a substantial part of India's consumption accounting for around 31 per cent of the consumption basket," the report said.



MAGNETI MARELLI OPENS NEW AMT PLANT AT MANESAR

OCT 2015- Magneti Marelli Powertrain India, a joint venture between Magneti Marelli, the component arm of Fiat SpA of Italy, Maruti Suzuki and Suzuki Motor Company, has inaugurated its first automated manual transmission (AMT) plant at Manesar, near Gurgaon. Involving an investment of Rs 150 crore, the plant kicked off production in July this year with supplies to Maruti Suzuki having commenced since August. The start of production of the AMT kits locally is expected to bring down the long waiting periods for car models fitted with these gearboxes.



FONTANA GRUPPO AND BAGLA GROUP TIE-UP FOR FASTENERS BUSINESS IN INDIA

SEPT 2015- Fontana Gruppo, Italy and Bagla Group have signed definitive agreements to enter into a strategic partnership for the Fasteners Business in India. "The strategic partnership with Bagla Group in India is a key milestone in our strategy to increase our footprint in Emerging Markets. India is the most promising economy in the world at this stage and we are committed to serve our global customers having a presence in India said Giuseppe Fontana, Vice Chairman of Fontana Gruppo.