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HAL Offshore to buy Technip’s majority stake in Seamec

Nathalie OSTERNAUD - 23-avr.-2014 07:45:21

Mumbai, April 22, French EPC major in the oil sector Technip today said it has decided to divest majority of its stake in Seamec to HAL Offshore for up to Rs 246.62 crore. The stake in Seamec is held by Technip’s fully-owned subsidiary Coflexip Stena Mauritius. The company is planning to sell anything between 51 and 75 per cent of its stake in Seamec, Technip said in a statement. It added that the deal involves sale of shares at Rs 97 a apiece. At this price, HAL Offshore has to shell out Rs 247 crore for 75 per cent of Technip in Seamec. Seamec is a leading provider of diving support vessel based diving services globally. Technip employs nearly 3,000-strong workforce in the country, focusing on onshore and offshore technologies and projects so as to grow in the exciting deepwater subsea sector. The divestment is a part of Technip’s strategy to concentrate on its core competencies involving deepest subsea complex, deepwater oil and gas developments. HAL Offshore is an end to end solution provider of underwater services and EPC services to the domestic oil and gas industry. It owns two multi-purpose supply & support vessels and part of the MM Agrawal group, which is into bottling and marketing of soft drinks under license from Coca-Cola, hospitality, realty. Technip is a world leader in project management, engineering and construction for the energy industry. Ambit Corporate Finance is the exclusive financial adviser to Technip on the transaction. Source : PTI

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The website showcasing the French railway industry is online

Anindita BANERJEE - 22-avr.-2014 09:35:07

The first online portal to promote the French railway industry was launched on March 21 st , 2014 in Paris on the occasion of the partnership signed between UBIFRANCE, the French Agency for International Business Development, and Fer de France, the French railway sector’s Inter-professional Association. The website www.french-rail-industry.com will showcase the French expertise in the railway industry and will inform the online visitors on the latest news and upcoming international events in the railway sector. Moreover, the portal will be a buyer-seller platform between international and French companies through a message interface.

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Essilor launches eye care Foundation for Indians

Nathalie OSTERNAUD - 22-avr.-2014 09:22:08

French company Essilor has launched a campaign to provide eye care to children in Uttar Pradesh and Karnataka as part of its initiative to serve Indians with uncorrected vision. Essilsor Vision Foundation would start its charity work from tomorrow by screening children’s eyesight in public schools of the two states, said Essilor Chief Corporate Mission Officer Jayanth Bhuvaraghan, today. Those screened under the Foundation programme would be given free eyeglasses, he said. French eye care major Essilor would use its Indian network of 30,000 opticians, more than 5,000 employees and joint venture partners in its 25 companies to reach out across India to people who can not afford eyeglasses. "The Foundation marks a new milestone in our goal to bring good vision to everyone in India," he said. As many as 550 million Indians have uncorrected poor vision, Bhuvaraghan said. This has far reaching social impact on individuals and their communities as well as an estimated economic impact of USD 37 billion in lost productivity at work places each year in the Indian subcontinent, he said. The Paris-headquartered multinational corporation has provided free vision care to almost 600,000 people around the world over the past 25 years. He estimated there were 2.5 billion people across the world who need access to vision correction. Source : PTI

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French aerospace clusters on a tour of India to boost partnership

Anindita BANERJEE - 22-avr.-2014 09:17:15

The international partnership mission, organized by the French Trade Commission – UBIFRANCE, in collaboration with DGCIS, the French Directorate General for Competitiveness, aims to promote partnership between French clusters and their members with Indian companies and emerging clusters in the aerospace sector. The delegation is comprised of 3 aerospace clusters (AEROSPACE VALLEY, PEGASE et ASTECH) and of 7 French SMEs representing a wide range of activities: engineering and IT services, manufacturing, training and certification. The companies and the clusters taking part in this mission, which includes participation at the forthcoming India Aviation 2014 in Hyderabad, would like to interact with their Indian counterparts to get a better understanding of the aerospace sector in India and to build contacts with potential industrial, research or commercial partners. The tour in Bangalore has been planned with this view in mind: the delegation will visit HAL and the new production facility of Wipro in the Devanahalli aerospace SEZ in Bangalore, and will also have individual B2Bs with companies in their field of expertise. The delegation will also meet government bodies promoting the cluster concept in India.  

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Indo-French Air exercise ’Garuda-5’ to begin from June 3

Nathalie OSTERNAUD - 22-avr.-2014 09:14:02

Jodhpur, April 19, India and France would start a ten-day joint Air exercise ’Garuda-5’, aimed at training the pilots and crew of Indian and French fighters in air superiority operations in Rajasthan’s Jodhpur airbase from June 3, IAF sources said. Both the Indian Air Force and French Air Force would be engaged in various missions ranging from close combat engagement of large forces, slow mover protection, and protecting and engaging high-value aerial assets in the exercise at the strategic airbase near Indo-Pak border, they said. The flying consisting of air to air refuelling, basic and advanced fighter interceptions, protection of high-value aerial targets and group combat manoeuvring would be the main focus of the exercise, IAF sources said. Objective of the exercise is to expose IAF Pilots to French Fighter Tactics and French Pilots to Indian Fighter Tactics, to expose IAF Aircrew to Air to Air Refuelling, Cross-servicing of a common type between ground crews and Understanding basic concepts of each countries fighter operations. Four Rafale multi-role fighter aircraft and one air Refueler aircraft with more than 100 personnel would form the France delegation. "The focus of the Air Exercise from June 3 to June 13 is learning from each other’s best practices," Defence spokesperson Col SD Goswami told PTI today.   Source : PTI

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Alstom bags 30 mln euro contract from BHEL

Nathalie OSTERNAUD - 22-avr.-2014 09:08:29

New Delhi, April 18, French power equipment maker Alstom today said it has bagged a 30 million euro contract from state-owned firm BHEL for setting up a thermal power plant at Jharsaguda in Odisha. "Alstom has been awarded a contract by BHEL worth close to Euro 30 million (approximately Rs 2,500 crore) for executing the 2x660 MW Banharpalli thermal power project in Odisha," the company said in a statement. Under the scope of the contract, Alstom will cooperate with BHEL in designing the boilers and supply identified pressure parts of the 660 MW supercritical boilers, the statement said. It will also assist BHEL with technical advisors during the erection and commissioning of the units. Key components will be manufactured in Alstom’s manufacturing facilities in Concordia (USA), as well as in Durgapur (West Bengal). The first and second units are expected to be commissioned by 2018. "We are pleased to win this contract for which we will provide our leading supercritical power plant solutions," Patrick Ledermann, Vice President of Alstom Thermal Power & Renewable Power in India, said. Last month, Alstom was awarded a contract worth 85 million euro by BHEL to supply two 800 MW supercritical boilers for Darlipalli super thermal power project located in Sundergarh, Odisha.   Source : PTI

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Sanofi India appoints N Rajaram as Country Head

Nathalie OSTERNAUD - 22-avr.-2014 09:04:41

Mumbai, April 15 Sanofi India Ltd, a global healthcare leader, today announced the appointment of N Rajaram as its Country Head and General Manager- Pharmaceutical Operations, India with effect from April 2014. Rajaram reports to Shailesh Ayyangar, Vice President- South Asia, Sanofi and Managing Director- Sanofi India Ltd, a statement issued here said. Rajaram joins Sanofi India with over two decades of experience in FMCG industry with Hindustan Unilever, and in the telecom industry with Airtel. He will be responsible for driving the company’s ambitious growth plans in the pharmaceutical and consumer healthcare segments. "The healthcare industry in India is on the threshold of major transformation- as we address the problem of increasing access to quality healthcare and medicines to our large population. Rajaram’s vast experience and consumer insights will help drive Sanofi’s growth strategy in India," Ayyangar said. Source : PTI

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About
  Pierre LIGNOT, Country Head   Welcome to the French Trade Commission UBIFRANCE in India!   Our key mission is to promote trade relations between France and India . We assist French-based companies seeking potential partners and new markets in India, while helping Indian businesses to identify potential French suppliers and technical partners.   In India, our 4 offices are located in the business hubs of New Delhi, Mumbai, Bengaluru and Chennai. We have a dedicated multicultural team of over 30 experts in the following growing sectors: - Agro-business; - Lifestyle, Consumer Goods and Healthcare; - Infrastructure, Transport and Industry; - ICTs, Retails and Services.   Our Trade Commission also has a Press office in charge of helping French companies to communicate in India as well as a Market Access Department enabling them to better understand and adjust to the Indian regulatory and fiscal fr

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