The hospitality industry in India is growing

March 30, 2011

According to industry reports, the hospitality industry in India is growing at a rate of 15 per cent annually. More and more companies in India are investing in the sector to fill in the gap between supplies (61,000 rooms) and demand (100,000 rooms).

The year 2010 saw the demand in Hospitality Industry pick up after a slow growth in 2009. A company in India such as Reliance Industries (RIL) is entering the hospitality industry through a JV with Mumbai-based real estate company Maker Builders. RIL plans to build two hotels in Mumbai Bandra Kurla Complex.

International hotel chains such as Hyatt, Radisson, Meridian and Marriot are expanding their chains in the country by tying up with companies in India. World hotels will be signing a deal for a resort at Aamby Valley in Maharashtra as well as opening business hotels in New Delhi and Chennai to enter the hospitality industry. InterContinental Hotels Group (IHG) has tied up with Holiday Inn Express, a mid-market hotel brand, and its first property is expected to open in Noida in 2012. Lebua Hotels & Resorts, a Thailand-headquartered luxury hospitality chain is planning to enter India as well. Lebua has hotels in Bangkok and New Zealand.

According to the World Travel and Tourism Council (WTTC) 2011 report, India is expected to attract 6,179,000 international tourist (overnight visitor) arrivals in 2011, generating US$ 15.05 billion (INR678.6bn) in visitor exports (foreign visitor spending, including spending on transportation). The direct contribution of Travel & Tourism to GDP is expected to be US$ 34.8 billion (INR1,570.5bn) in 2011 which is about 1.9 per cent of the country’s GDP. This reflects that the hospitality industry in India will have to gear up to cater to such high demand. Companies in India are investing their capital and industry reports predict that the capital investment in India, in the travel and tourism sector will grow at the rate of 8.8 per cent between 2010 and 2020.

Taking the cue, online travel companies too are making their entry in India to cash in the booming travel and hospitality industry. Hotels.com, an international online hotel booking portal, has plans to spend about Rs 25 crores on promotional activities. ERevMax, an online channel management technology provider, has developed an innovative product for the hotel industry. The product allows fully automated inventory management and rate calculation across over 700 connected websites based on channel performance.

Mandarin Oriental Group, which owns one of the world’s most luxurious hotels, resorts and residences, will be adding 16 new properties in India in the next five years. Other Companies in India such as Small Luxury Hotels of the World (SLH), a marketing firm of luxury hotels, is expecting to expand their foothold in India. Currently, SLH has 13 hotels in India and hopes to add 10 more hotels by the end of 2011. The company also has a website for travel agents through which agents can book rooms for their clients.

India’s growth story

March 14, 2011

The Indian economy is boosting with growth and is attracting the foreign players to come, invest and be part of the aspiring Indian investment climate. One of the leading sectors harnessing the limelight potential is the Indian Fast Moving Consumer Goods sector, with a market size of US$ 25 billion (2007–08 retail sales). Food products being the largest consumption category in India, so much so that the sector constitutes nearly 2.15 per cent of India’s gross domestic product (GDP). India is recognised as a cost-effective quality manufacturing base in the world market. Food products accounts for nearly 21 per cent of the country’s GDP. India is the largest producer of several fruits, such as banana, mango and papaya, and the second-largest producer of vegetables such as brinjal, cabbage and onion. The food processing industry is one of the largest industries in India, and is ranked fifth in terms of production, consumption, export and expected growth.

Tracking the size of the food processing industry in India, it has increased from US$ 57 billion (INR 2,736 billion) in 2004 to US$ 75 billion (INR 3,600) in 2007. Moreover, the sector attracts foreign direct investment (FDI) worth Rs 576 crore (US$ 127.50 million) in the first eight months of 2010-11, according to Mr Harish Rawat, Minister of State for Agriculture and Food Processing Industries.

CG Foods, a noodles and snacks firm set up by Singapore-based Cinnovation Group, is all set to invest Rs 40 crore (US$ 8.82 million) for establishing a manufacturing plant in Gujarat.

The FMCG forms a concrete part of every individual’s life. With the facilitation from the Indian government and the relatively aloof economy during the recession, the companies are foraying into the Indian market with their products in order to tap the vast middle class base of India.

The industry intends to provide additional option to the consumer. Keeping the lead, companies are also looking forward to spend upon research and technology (R&D), with Nestle, another FMCG major plans to invest Rs 230 crore to set up its first R&D centre in India at Manesar in adjoining Gurgaon district.

The invariably growing Indian economy is witnessing its golden age, with the Indian talent in research being recognised globally. The companies foraying into India harness the potential and reap the benefits of the low infrastructure, production and labour costs. In addition, the companies in India like the Pune-based Thermax, has initiated a solar project at a village in Chakan near Pune, in association with the Department of Science and Technology at a cost of US$ 2.84 million to electrify the village. It is these developments, which form the backbone of the growth story of India. It is technology sector, which forever provides inputs to the innovation and research and ignite the investment climate in India.

Significantly, research in science and technology sector includes various sectors include nano technology, renewable energy, space sector besides other related sectors. The investment climate in India being conducive and open to be harnessed is all ready for companies in India and that from abroad. In all the presence of good, sophisticated and latest technological infrastructure attract the foreign firms to have their respective development centres in India, besides reaping the benefits of the lucrative investment climate in India.

The growing consumer market in India

February 10, 2011

The invariably growing Indian economy is witnessing its golden age, with the fast moving consumer goods (FMCG) global companies foraying into India to harness the potential and reap the benefits of the rampantly growing economy. The FMCG in India form a significant part of the business world in India, as the heightened access to information has made the consumer more aware. It assists the consumer in comparing and asking for better products.

The growing consumer markets have reeled in a new era of retailing. No wonder the international fast moving consumer goods (FMCG) companies like Carrefour and the Wal Mart are pressurizing the Indian government to open the India’s multi-brand retail sector. Carrefour, the world’s second-largest retailer, opened its first cash-and-carry store in India in New Delhi on December 31, 2010 to tap the Indian Consumer Market. The store, Carrefour Wholesale Cash&Carry, is located in the Seelampur area, east of New Delhi in the Shahadara neighborhood.

Moreover, Chennai-based FMCG India space reported CavinKare’s plan to invest around US$ 109.50 million over the next two years in various expansion plans. In addition, Nestle, the fast moving consumer goods (FMCG) major, plans to invest US$ 50.49 million to set up its first research and development (R&D) centre in India at Manesar in adjoining Gurgaon district. The facility will be made operational by July 2012.
Similarly, the direct selling Fast Moving Consumer Goods (FMCG) company, Amway India Enterprises is aiming at a 25 per cent growth to clock US$ 545.7 million by 2012.

Additionally, the Swiss fast moving consumer goods (FMCG) player, Nestle plans to make further inroads into the rural consumer markets. The company has asked its sales team to deliver “6,000 new sales points every month in rural areas” to expand presence in Indian villages, according to Antonio Helio Waszyk, Chairman and Managing Director, Nestle India. India’s FMCG sector is poised to reach US$ 43 billion by 2013 and US$ 74 billion by 2018.

Furthermore, according to data from market researcher Nielsen, the fast moving consumer goods industry posted a 14 per cent sales growth year-on-year in April 2010, the highest in eight months. US-based Harley Davidson, the iconic heavyweight motorcycle maker is targeting the urban consumers markets in India. Harley Davidson opened its first outlet in Hyderabad recently and plans to open more across the country.

Indian consumer market had access to private label products in food and beverage, apparel, footwear and fast moving consumer goods products.

On another note, the number of foreign tourist arrivals in India has increased as India continues to be a favored tourist destination for leisure, as well as business travel. Banking on the government’s initiative of upgrading and expanding the country’s infrastructure like airports, national highways etc, the Tourism and Hospitality industry is bound to get a bounce in its growth. Significantly, the Indian hospitality industry is projected to grow at a rate of 8.8 per cent during 2007-16, placing India as the second-fastest growing tourism and hospitality market in the world. Initiatives like massive investment in hotel infrastructure and open-sky policies made by the government are all aimed at propelling growth in the hospitality sector. The Indian hospitality sector is certainly the most apt replication of the belief ‘Atithi devo bhava’- touch of tenderness, a helping hand and a welcoming visage.

The flamboyant economy of India

December 17, 2010

The boosting economy of India is offering great potentials for doing business in India for the overseas investors to make investment in India and is encouraging them to consider India as one of the best place for their business development. The most in focus sector being the real estate. Inflation rate is coming down and increased market demand for goods and services are good signs which attract foreigners to do business in India.

There are various factors like quality, availability and reliability of infrastructure services, state or central government’s efforts, good power supply, transportation facilities connecting important nodal points, relaxed tax regulations, efficient banking systems and relatively cheaper availability of labour and raw material, export and import options etc. Doing Business in India is the most attractive destinations for the investments. Even the World Bank analysis has indicated that the infrastructural development and institutions remain the main factors in the development of India’s private sector. The real estate sector is one of the most booming sections in India.

The economy of India is one of the fastest growing economies of the world with good population base. The growth rate of gross domestic product (GDP) is reviewed around 8.75 per cent plus against 7.4 per cent in the previous year. The International Monetary Fund (IMF) indication of India’s GDP is much higher at a growth rate of as high as 9.7 per cent. The economy of India is one of the most favorable economies in the world as of now. This higher growth trends are creating good opportunities to do business in India.

The Banking system of India has survived well to the global economic crisis. In India, nationalized banks play an important role in banking sector (50.5 per cent of the aggregate deposits and hold the highest share of 50.5 per cent in the total bank credit. Banking facilities both through the foreign banks and regional rural banks had a share of 5.5 per cent and 2.5 per cent respectively in the total bank credit.

The economy of India is one of the most robustly growing economies in the world with a huge population base. The recent trends show that the growth rate of Economy of India will grow at around 8.75 per cent for current year. The Indian economy is performing well as the purchasing power parity has increased in the last six months.

Economy of India is ranked the fifth largest economy in the world and third largest GDP in the entire continent of Asia. The world’s popular brands have started seeing the economy of India as the potential market for their business expansion.

Conclusively, it is no surprise for India being chosen as one of the most favoured foreign direct investments (FDI) destinations as the economy of India grows in leaps and bounds. The strong banking system proved a blessing during the financial meltdown, even opening the opportunities for doing business in India. Besides, the real estate and infrastructure management turned out to top the private equity (PE) investment sector at 23 per cent of the total with US$ 99.36 million, according to Deal tracker October 2010, Grant Thornton.

The Positive Economic Growth in India

November 24, 2010

The economic growth in India is on a rampant move with Mr Pranab Mukherjee hoping the gross domestic product to reach 9 per cent as he said while addressing the India Economic Summit (IES) 2010.The economic growth in India is all set to surpass the developed countries as it rides high on back of manufacturing and an overall positive investment climate in India. The companies in India are all set to harness the potentials being created by the robust economic growth in India. The foreign companies in India are glad to be part of the investment climate in India, as the economies of the developed countries struggle to stay intact.

The investment climate in India is also representative of the growing Indian economy and the prospering business opportunities in India. The soaring sales being highlighted by the companies in India are reflective of the potentials of the investment climate in India. The investment climate in India is very much dependent on the consumer and the Economic Growth in India is boosting on basis of the latter. The economic growth in India is also ascertain to India’s foreign exchange reserves, which have crossed the US$ 300 billion mark for the first time since August 2008. The data in itself represents the positive investment climate in India and the economic growth in India.

Furthermore, economic growth in India’s merchandise exports will cross the US$ 200 billion target for 2010-11 and the Government is working with the industry to double India’s exports of goods and services by 2014, said Mr Anand Sharma, Union Minister of Commerce and Industry. The economic growth in India had registered a growth rate of 8.8 per cent in the first quarter of 2010. The investment climate in India is moving positively and is assisting to improvise the economic growth in India to achieve the double digits.

Significantly, with the two-way trade between India and the United States, expected to reach US$ 50 billion in 2010-11, with investments moving in both directions, said India’s Ambassador to the US, Meera Shankar. Thus, the investment climate in India is dependent on various factors including the positive attitude of the Indian Governments, besides the healthy competition environment as mooted by the Companies in India. The overall image of the economic growth in India is favourable especially in terms of the investment climate in India.

India’s infrastructure sector output grew 2.5 per cent in September 2010 from a year earlier, slower than the upwardly revised annual growth of 3.9 per cent in August, as per the Government data. The Investment climate India is also directly proportional to the demand and supply. The increasing consumer awareness and the ability to compare and ask for the best, in addition to the increasing economic growth is representative of the positive economic growth in India. The investment climate in India is an indicator of a boosting economic growth in India. Companies in India are representative of the investment climate in India, which is a harbinger of the growing economy and confirm the goal of the double digit growth as a reality.

Infrastructure and the Investment climate in India

November 10, 2010

India economy seems to be in its most positive note of development, as it witnesses overall infrastructure development, with companies in India and that from abroad demanding better infrastructure quality. The tempting and prosperous investment climate in India is reaching out to all corners of the globe. The investment climate in India is the most conducive market for companies to invest especially with focus on infrastructure sector which has given an impetus to the companies in India.
The companies in India are utilizing the potential created by availability of better infrastructure developments.

The recently held Commonwealth Games (CWG) also led to increased Infrastructure developments with regard not only to flyovers, metro lines, a new airport terminal but also infrastructure related to Sports. These infrastructure developments have created a much healthy investment climate in India, not only for the companies in India but also for companies coming from abroad and investing in India.

It is on these lines that the globe has become a more accessible place for companies in India including infrastructure developments related to IT. Significantly, Mr Pranab Mukherjee, Finance Minister expects around 50 per cent of the total spending on infrastructure to come from the private sector by 2012. The great advantaged of infrastructure is not only better transportation, accessibility or connectivity but also helps in improving the investment climate in India. Recently, riding on the investment companies in India, RITES (Rail India Technical and Economic Services) has expressed interest in offering its services in the infrastructure development including airports, roads, ports, railways, and mass rapid transit programmes in Kenya.

The Investment climate in India is one of the most significant factors especially during the global meltdown period. The infrastructure in India is coming to the international standards as the companies in India are ready to provide and compete the global markets besides the domestic markets.

Furthermore, the infrastructure developments in the Science and Technology sector is also reaching new heights and it is these infrastructure developments, which are leading the companies in India are witnessing a surge in funds from FII’s. Additionally companies in India like the Pune-based Thermax, has initiated a solar project at a village in Chakan near Pune, in association with the Department of Science and Technology at a cost of US$ 2.84 million to electrify the village. It is the science and technology sector, which forever provides inputs to the investment climate in India a boost.

Significantly, the science and technology sector includes nano technology, renewable energy, space sector besides other infrastructure related sectors. The investment climate in India being conducive and open to be harnessed is all ready for companies in India and that from abroad. In all the presence of good, sophisticated and latest technological infrastructure will attract the foreign firms to have their respective companies in India, besides reaping the benefits of the lucrative investment climate in India. Thus, concluding the investment climate in India to be of great potentials, which is offering potentials in infrastructure developments over a large base of sectors.

Increasing Investment Climate and Business Opportunities in India

November 3, 2010

India is basking with the spotlight on the investment climate, as it sustained its economic growth through the global recession downturn. The business opportunities in India gave the foreign investors an impetus to look afresh at the market. The South Asian market, in particular India and China on a whole has been the horses to cross through this difficult phase of the economic meltdown. The infrastructure and the related sectors made the basis of the investment climate in India, with more and more companies coming in to rope in the benefits of the industry. The infrastructure related business opportunities in India witnessed a high requirement as the various sector including roads, railways, ports etc composing the infrastructure sector experienced a surge in the investments. Recently, Mr Nath, Minister for the Highways, estimated private investments in the road sector (infrastructure) to be at US$ 41 billion.

Witnessing robust growth in the Indian economy, the investment climate in India is also witnessing a new high. The business opportunities in India backed by favourable policies and schemes by the Indian government are all making the Investment climate in India to be conducive for the investors to invest in sectors like infrastructure, automobile, education, real estate besides others.

The Infrastructure related business opportunities in India is witnessing a revolution with a heightened interest from all states to improve upon the infrastructure, as infrastructure emerge as the key ingredient for attracting the investors to explore the potential of the investment climate in India and to make utmost use of the business opportunities in India. Another area of infrastructure, receiving greater impetus is the ports. This infrastructure component is seeing a new trend of improvised and sophisticated intelligent systems on account of new technology and also cause of increasing business opportunities in India through the water front.

Additionally, the vicious circle of growth is also helping the employment rate in India and thereby increasing the expenditure capacities of the households. The relaxed foreign direct investments (FDI) have led to an increase in the business opportunities in India with a raise in the number of merger and acquisitions (M&A) and joint ventures (JV).

Moreover, the automobiles sector in India is witnessing a renaissance with numerous foreign companies entering in a JV and also propagating the Indian infrastructure besides setting up their automobiles manufacturing units to enhance the Indian economy. The investment climate in India especially with regard to the automobiles sector has witnessed a robust growth so much so that India is all set to replace Japan to become the largest automobiles hub for the compact car.

Conclusively, the investment climate of India has become more open to investments besides Indian government is taking a step forward to increase the potential of the business opportunities in India. The focus for India is to develop its infrastructure along with strengthening the basic economic growth, so as to avoid any form of economic downturn as witnessed by the US and the developed nations. Thus, the conducive investment climate in India is fostering the increasing business opportunities in India to promote more investments globally to India.

Science and Technology

November 3, 2010

With the facilitation from the Indian government and the relatively aloof economy during the recession, the advent of various Fast moving consumer goods (FMCG) companies in India is being witnessed. The FMCG forms a concrete part of every individual’s life. The companies in India are in a forever race to upbeat their opponents. It may be the case of Coco- Cola versus Pepsi or Bournvita versus Horlicks. The companies are foraying into the Indian market with their products in order to tap the vast middle class base of India.

The major FMCG companies in India are planning to invest over Rs 1,800 crore (US$ 395.2 million) in the next few months. The FMCG intend to provide additional option to the consumer. Keeping the lead, Fast moving consumer goods companies are also looking forward to spend upon research and technology (R&D), with Nestle, another FMCG major plans to invest Rs 230 crore to set up its first R&D centre in India at Manesar in adjoining Gurgaon district. Additionally the telecom sector major, Bharti Enterprises, plans to foray into the retail sector by forming a joint venture (JV) with the Del Monte Pacific arm, DMPL India, looking to invest Rs 200 crore (US$ 43.25 million). FMCG sector in India is witnessing large amount of investments from various countries. Also, the foreign FMCG companies find India as a suitable investment destination.

Furthermore, telecom sector in India is witnessing new heights with GSM operators adding a whopping 13.5 million mobile subscribers in August 2010 taking the total tally to 481 million subscribers. In addition, according to the telecom sector authority, Telecom Regulatory Authority of India (TRAI), the wireless user base rose by 2.66 percent to 652.42 million in July 2010. The telecom sector in India has been recording new heights ever since the roll-out of the third generation (3G) services. Fresh impetus has been experienced in the Indian telecom sector with the operators of the telecom sector making inroads in the Indian market. Furthermore, the telecom sector is also witnessing new innovations and technology developments in reference to the mobile value added services (VAS) include text or SMS, menu-based services, downloading of music or ring tones, mobile TV, videos and sophisticated m-commerce applications. The science and technology sector in India is in a mood to capture new heights, as it flows with the Space Vision 2025. A new ignition has been ignited in the country’s research and technology sector with India signing landmark civil nuclear deal with various countries.

Significantly, India has been venturing actively into the dimensions of science and technology. The various organizations like Indian Space Research Organization (ISRO) are being fully supported by the Indian government in their new ventures in science and technology segment. The most attention grabbing news, being that of finalization of seven payloads that will go on the second lunar mission, Chandrayaan-2, by the National Committee of Experts, as per a press release of ISRO. Another major, science and technology development in India was the setting up of the world record by flight testing the supersonic cruise missile BrahMos off the Orissa coast.

India’s Growth Sectors

November 3, 2010

As per a recent study on corporate investments by the Reserve Bank of India, the investment in infrastructure is higher at 53 per cent of the cost in FY’10 as compared to the 45 per cent in FY’09. Power and telecom accounted for over half of the cost of all projects. The total investment in the infrastructure sector stood at Rs 2,95,805 crore in FY’10.

Among the segments of infrastructure sector, the power sector attracted the maximum investment to the amount of Rs 1,68,326 crore, telecom at Rs 1,17,689 crore, metal and metal products at Rs 1,12, 732 crore, construction at Rs 47, 636 crore and mining and quarrying at Rs 14, 009 crore.

A lot of corporate investment was witnessed in metals and metal products with a share of 20.3 per cent, followed by construction projects and cement among the various infrastructure segments.

The investment was predominantly directed towards the power sector. The infrastructure sector also observed a continued thrust on public private partnership according to the study and had a positive impact on stimulating investment in power, telecom and construction projects in the infrastructure sector.

India’s telecom sector witnessed an increase in user base by 17.98 million users in June 2010. The telephone subscriber base in the country’s telecom sector went up to 671.69 million. India’s telecom sector is one of the largest telecom markets in the world and is estimated to touch 700 million subscribers by 2012. As per the Telecom Regulatory Authority of India (TRAI), the number of telephone subscriber base in the Indian telecom sector stood at 653.92 million as on May 31, 2010 thereby recording an increase of 2.49 per cent from 638.05 million in April 2010. Recently, the telecom infrastructure firm Quippo-WTTIL has signed a deal with IBM to provide technical support. The Indian Telecom sector is among the most growing sectors in the country.

The automobiles sector in the country has witnessed an upsurge due to the burgeoning middle class. The car sales have increased and India’s automobile sector is likely to become the top ten markets for the company globally by 2011. India’s automobiles sector is an emerging favorite investment destination for automobiles manufacturers.

In the tractor segment in the Automobiles sector, Mahindra and Mahindra (M&M) has become the world’s top tractor company by selling a record of 1.59 lakh tractors in 2009 and surpassed John Deere of the US.

The growing Indian Telecommunications network is the second largest in the world with more than 621 million users. The Liberalization process in India primarily allowed various private telecom players for value added service and later on with the growing Indian Economy, India is one of the manufacturing hubs for many Telecom Companies. An attractive trade and investment policy and lucrative incentives for foreign collaborations have made India the most attractive markets for the telecom equipment suppliers and service providers.

The telecom sector in India has undergone a major process of transformation with significant policy reforms. India offers an unprecedented opportunity for infrastructure vendors, telecom service operators, manufacturers and associated services companies. A host of factors are contributing to enlarged opportunities for growth and investment in the Indian telecom sector. However, the Indian Telecom market is yet to reach many geographical locations, there are yet load of opportunities for more and more telecom operators to invest in the Indian Telecom Sector.

Companies in India

August 19, 2010

Various companies in India are foraying into joint ventures (JV) or are making investments abroad to increase their global footprints. Companies in India like Adani Enterprises, has acquired an Australian coal asset of Linc Energy in a cash and royalty deal worth US$ 2.7 billion (Rs 12,500 crore). Companies in India have marked their presence globally.

Furthermore, information technology (IT) service providers, Cognizant, Tata Consultancy Services (TCS) and Infosys have topped the latest ranking of service providers in Europe, in a survey done by EquaTerra, an IT advisory service provider. Pharmaceutical companies in India have also increased their penetration in the US generic market. Companies in India like Lupin Pharmaceuticals, Zydus Cadila, Glenmark, Aurobindo, and Torrent Pharma have increased their ranking in US generic market, as per the data released by IMS Health, a global market research agency.

Following the same line of thought, the Fast Moving Consumer Goods(FMCG) companies are also foraying into acquisitions to increase their global footprints. The FMCG, Marico Limited has acquired the over-the-counter healthcare brand, Ingwe at an estimated investment of Rs 10 crore (US$ 2.14 million) through its subsidiary, Marico South Africa (MSA).

Similarly, the FMCG company, Dabur India Ltd has announced a US$ 69 million acquisition of Turkish personal care products company Hobi Kozemtik Group. The acquisition of Hobi Kozmetik is in line with Dabur’s strategy to aggressively expand its scale of operations and strengthen its presence in the FMCG space across the globe. Looking forward the FMCG firm, Godrej Hershey, a 51:49 joint venture between the Godrej Group and American chocolate maker Hershey’s, plans to roll out some key brands from abroad — Kisses, Reese’s and Hershey’s Chocolate — in the country.

The telecom sector in India is experiencing a push with more and more mobile phone companies venturing into the indigenization effort by bringing global component vendors to set shop in India. The move is part of a strategy to make India a global manufacturing hub for mobile phones, rather than just undertake their assembly. The telecom sector further received an impetus with Pune-based anti-virus solution provider, Quick Heal Technologies Pvt Ltd launching it’s ‘PC2Mobile Scan’, which provides for virus-scan of mobile phones by connecting them to a PC or a laptop.

The Science and Technology in India will witness an important development with Indian Space Research Organization (ISRO) planning to launch SARAL by 2011, a satellite to monitor sea water levels made in collaboration with the French National Space Agency. Moreover, Mr Praful Patel, Minister for Civil Aviation has launched the final operational phase of the Global Positioning System (GPS) Aided Geo Augmented Navigation system (GAGAN) to further boost the science and technology sector.