Chilean President Michelle Bachelet, left, talks with Indian Prime Minister Manmohan Singh before a delegation level meeting in New Delhi, India,Tuesday, March 17, 2009.MUMBAI: India and Chile would double their bilateral trade to USD six billion in the next five years and strengthen the cooperation in new areas like IT and biotechnology.
Speaking at a seminar, Chilean President Michelle Bachelet today said, "the two countries have agreed to endeavour to double bilateral trade in next five years." Chiles trade engagement with India is poised for a big leap with the two countries looking to upgrade the Preferential Trade Agreement (PTA) into a Free Trade Agreement (FTA), she said. The PTA between Chile and India, which has been in force since August 2007, has facilitated the growth in bilateral trade which reached USD 2.3 billion in 2008 from USD 300 million in 2004, Bachelet, the first woman president of Chile, said. The seminar was on 'Chile-India Investment and Business Opportunities' organised by Federation of Indian Chambers of Commerce and Industry (FICCI) here. "The two countries have agreed to enhance the periodic exchanges of business missions and participation in each others trade fairs to promote bilateral trade," she said.
Economic Times,
Economic Times,
19 Mar 2009, 1808 hrs IST, PTI
------------------------------------------------------------------------------
Chilean president offers incentives to Indian investors
India eNews, Business Friday, March 20, 2009
Chilean President Michelle Bachelet Friday invited Indian IT companies to partner with their Chilean counterparts to 'build global projects' and also to help her country's development.
Bachelet, who came to India Monday for a five-day official tour, was speaking at a function here, organised by the IT industry lobby, National Association of Software and Service Companies (Nasscom).
Applauding India's growth in the IT sector during the last decade, the Chilean president said: 'Indian companies could partner with Chilean companies to build global projects.'
'Our goal is to become a developed economy within a generation from a middle income economy,' she added.
Describing her visit as a 'productive' one, Bachelet said her government would offer 'attractive tax incentives' to private companies that were interested to invest in Chile.
At present, over 70 percent of the total investment in research and development (R and amp;D) in Chile is funded by the state.
According to Chilean Economic Minister Hugo Lavados, the government is intensifying its efforts to increase the broadband connections, strengthen e-governance initiatives and promote IT usage in small and medium enterprises (SMEs).
Miguel Perez Arata, president of the Association of IT Companies (ACTI), an IT industry lobby in Chile, said nearly 80 percent of the companies in that country would fall under the SME category, employing around 100,000 people.
The hardware industry accounts for 60 percent of the $3-billion IT industry in Chile, while the software sector contributes to 30 percent with the rest coming from the service sector.
'With hardware penetration fairly high, the focus is now on the other two segments. The target is $1 billion IT exports by 2010,' Arata said.
Bachelet, who came to India Monday for a five-day official tour, was speaking at a function here, organised by the IT industry lobby, National Association of Software and Service Companies (Nasscom).
Applauding India's growth in the IT sector during the last decade, the Chilean president said: 'Indian companies could partner with Chilean companies to build global projects.'
'Our goal is to become a developed economy within a generation from a middle income economy,' she added.
Describing her visit as a 'productive' one, Bachelet said her government would offer 'attractive tax incentives' to private companies that were interested to invest in Chile.
At present, over 70 percent of the total investment in research and development (R and amp;D) in Chile is funded by the state.
According to Chilean Economic Minister Hugo Lavados, the government is intensifying its efforts to increase the broadband connections, strengthen e-governance initiatives and promote IT usage in small and medium enterprises (SMEs).
Miguel Perez Arata, president of the Association of IT Companies (ACTI), an IT industry lobby in Chile, said nearly 80 percent of the companies in that country would fall under the SME category, employing around 100,000 people.
The hardware industry accounts for 60 percent of the $3-billion IT industry in Chile, while the software sector contributes to 30 percent with the rest coming from the service sector.
'With hardware penetration fairly high, the focus is now on the other two segments. The target is $1 billion IT exports by 2010,' Arata said.
---------------------------------------------------------------------------------
Avesthgen enters strategic alliance with Uxmal SA
Bangalore, Mar 20 : Avesthagen Limited, one of India's leading healthcare technology group, has entered into a strategic alliance with Uxmal S A, a Chilean biotechnology company, for promoting research and development of bioactives for commercialization and use in functional foods, healthcare and cosmetics.
The MOU was signed by Avesthagan Limited Founder and CMD Dr Villoo Morawala Patel and Uxmal S A Managing Director Manuel Gidekel in the presence of Chile President Dr Michelle Bachelet, according to a release here today.Avesthagen also announced its international expansion by setting up Avesthagen Latam SpA, Chile. This elevates Avesthagen into the special league of Indian companies who are etching a global footprint based on R & D capabilities and the ability to translate them into products with global appeal.The companies have entered into the alliance to work on Bioactives and tissue culture for development of a Bioinformatics platform based on Latin American Medicinal plants, development and commercialization of functional foods based on bioactives developed by Avesthagen and those from Latin American Medicinal plants, development of bioactives and tissue culture of a specific plant species for commercial applications and production of bioactives globally. The particular plant is a source for Photo-protective active for dermal healthcare and for Oncology/Neoplasic applications Marketing of Biosimilars that are in an advanced stage of development at Avesthagen.
--- UNI
The MOU was signed by Avesthagan Limited Founder and CMD Dr Villoo Morawala Patel and Uxmal S A Managing Director Manuel Gidekel in the presence of Chile President Dr Michelle Bachelet, according to a release here today.Avesthagen also announced its international expansion by setting up Avesthagen Latam SpA, Chile. This elevates Avesthagen into the special league of Indian companies who are etching a global footprint based on R & D capabilities and the ability to translate them into products with global appeal.The companies have entered into the alliance to work on Bioactives and tissue culture for development of a Bioinformatics platform based on Latin American Medicinal plants, development and commercialization of functional foods based on bioactives developed by Avesthagen and those from Latin American Medicinal plants, development of bioactives and tissue culture of a specific plant species for commercial applications and production of bioactives globally. The particular plant is a source for Photo-protective active for dermal healthcare and for Oncology/Neoplasic applications Marketing of Biosimilars that are in an advanced stage of development at Avesthagen.
--- UNI
-------------------------------------------------------------------------------
NASSCOM signs pact with ACTI
CHENNAI: NASSCOM, the premier trade body of Indian IT industry, on Friday signed a MoU with Chile-based Association of Information Technology Companies (ACTI) which would enable growth and development of IT sectors in the two countries.
The MoU was signed by NASSCOM President, Mr Som Mittal and ACTI President Mr Miguel Perez in the presence of Chilean President Ms Michelle Bachelet.
As per the MoU, NASSCOM and ACTI would share common goals and act as a channel for mutual collaboration between IT companies in both the countries.
It would also help create platforms such as work programmes to facilitate sharing of experiences and complementary abilities.
India and Chile would interchange information, publications and opinions that concern the growth and development of IT industry at least once in a year.
The agreement would also work towards constructing a systematic collaboration of placing in the market innovations that were produced in India, so that Chile shall be the 'First Technology Adopter and Adapter' giving the Chilean business access to latest technologies as well as exporting them to the Latin American and other markets. - PTI
The MoU was signed by NASSCOM President, Mr Som Mittal and ACTI President Mr Miguel Perez in the presence of Chilean President Ms Michelle Bachelet.
As per the MoU, NASSCOM and ACTI would share common goals and act as a channel for mutual collaboration between IT companies in both the countries.
It would also help create platforms such as work programmes to facilitate sharing of experiences and complementary abilities.
India and Chile would interchange information, publications and opinions that concern the growth and development of IT industry at least once in a year.
The agreement would also work towards constructing a systematic collaboration of placing in the market innovations that were produced in India, so that Chile shall be the 'First Technology Adopter and Adapter' giving the Chilean business access to latest technologies as well as exporting them to the Latin American and other markets. - PTI
The Hindu Business Line,
Friday, March 20, 2009.
-----------------------------------------------------------------------------
Chile can use MSSRF model: Bachelet
Long-term issues need to be tackled through research
Safe use of frontier technologies
Safe use of frontier technologies
Chilean President Michelle Bachelet (centre), MSSRF chairman M.S. Swaminathan and Minister of Agriculture, Chile, Marigen Hornkhol Venegas at the M.S. Swaminathan Research Foundation in ChennaiCHENNAI: The work done by the M.S. Swaminathan Research Foundation (MSSRF) in rural India and coastal areas could be replicated in Chile, which had similar problems, Chilean President Michelle Bachelet said here on Friday.
While working on long-term issues like global warming that needed to be tackled through research, the MSSRF was also actively engaged in immediate problems such as drought and rural poverty, she said.
The President interacted with participants through video-conferencing from two Village Knowledge Centres established by the MSSRF in Puducherry and Nagapattinam districts and said there were plans to use information technology in a similar fashion in Chile, especially to eradicate poverty and provide basic health services.
With a long coastline similar to India’s and similar health and poverty-related issues, Chile could use the technology and processes developed by the MSSRF to its benefit, she said, while presiding over the signing of the Partnership Framework Agreement between the MSSRF and the Foundation for Innovation in Agriculture (FIA), a Chilean organisation established by the Ministry of Agriculture.
M.S. Swaminathan said agricultural innovation involving safe and responsible use of frontier technologies was important to meet current challenges of food security and agrarian prosperity and also to tackle emerging challenges caused by global warming and climate change.
Dr. Swaminathan added that MSSRF was in the process of setting up a ‘National Resource Centre for Genes for a Warming India,’ which would consist of the genetic material of crops resistant to drought, heat, salinity and floods.Mutual benefit
Later, Ajay Parida, executive director, MSSRF, said the partnership agreement would allow scientists from both institutions to exchange ideas for mutual benefit. Since Chile’s geography with many hills and valleys made communications difficult, scientists would also have to come up with solutions adapted to Chilean conditions. He said Prof. Swaminathan was expected to visit Chile in a couple of months, and separate agreements would be signed in the coming year after a thorough study.
While working on long-term issues like global warming that needed to be tackled through research, the MSSRF was also actively engaged in immediate problems such as drought and rural poverty, she said.
The President interacted with participants through video-conferencing from two Village Knowledge Centres established by the MSSRF in Puducherry and Nagapattinam districts and said there were plans to use information technology in a similar fashion in Chile, especially to eradicate poverty and provide basic health services.
With a long coastline similar to India’s and similar health and poverty-related issues, Chile could use the technology and processes developed by the MSSRF to its benefit, she said, while presiding over the signing of the Partnership Framework Agreement between the MSSRF and the Foundation for Innovation in Agriculture (FIA), a Chilean organisation established by the Ministry of Agriculture.
M.S. Swaminathan said agricultural innovation involving safe and responsible use of frontier technologies was important to meet current challenges of food security and agrarian prosperity and also to tackle emerging challenges caused by global warming and climate change.
Dr. Swaminathan added that MSSRF was in the process of setting up a ‘National Resource Centre for Genes for a Warming India,’ which would consist of the genetic material of crops resistant to drought, heat, salinity and floods.Mutual benefit
Later, Ajay Parida, executive director, MSSRF, said the partnership agreement would allow scientists from both institutions to exchange ideas for mutual benefit. Since Chile’s geography with many hills and valleys made communications difficult, scientists would also have to come up with solutions adapted to Chilean conditions. He said Prof. Swaminathan was expected to visit Chile in a couple of months, and separate agreements would be signed in the coming year after a thorough study.
The Hindu,
Saturday, Mar 21, 2009.
http://www.thehindu.com/2009/03/21/stories/2009032156081100.htm
No comments:
Post a Comment