PUBLIC SECTOR UNDERTAKINGS OF GOVT.OF INDIA, OPERATING IN UAE
INDIA TOURISM
Health Toursim is the new watchword in India as many senior executives have become very health conscious and take regular breaks for maintaining good health. Indian Tourism has therefore started promoting Health Toursim in India with the help of various Indian state governments, tourism departments and travel agents who have introduced various health packages.
Many hotel chains and heritage hotels in India are offering attractive packages in addition to rejuvenation packages with unique facilities for tourists. Other PSUs' are also assisting India tourism in promoting Incredible India by distributing tourist literature from their offices.
INDIAN AIRLINES
Having completed 5 decades of flying, Indian Airlines (IA ) continues to cover new ground in its operation in the Gulf with 43 flights a week between India and the UAE alone. With its subsidiary Alliance Air, it operates a fleet of 56 aircraft, servicing a network of 64 domestinc and 17 international stations covering countries in South Asia, South East Asia and the Gulf region. IA's core strengths in the market continue to be its convenient schedules, the backing of a strong domestic network, an excellent on-time break record and special offers.
The airline had recently launched 'Advanced Excursion' fares for Christmas offering a discount of AED 300 on return airfares to Calicut, Cochin, Chennai , Trivandrum and Goa. The airline has also re-launched 'Fly-always' holiday packages to India for the forthcoming holiday period with more than 70 properties and 30 cities available through a unique website - www.indianairlinespackages.com - exclusively dedicated for IA's holiday product.
AIR INDIA
Offering unbeatable fares , AIR INDIA flies to Mumbai, Delhi, cochin, Trivandrum, Calicut, Bangalore, Chennai and Goa from Dubai. Passengers can fly to other domestic points in India from Dubai via Mumbai / Delhi with Air India and avail 40 kgs free baggage allowance on Air Sahara also. In addition, they can avail early check - in facility at Dubai Airport and get 5 kgs free baggage allowance.
Passengers flying to the US / UK / Far East over Bom/ Del / South India points can avail Maharaja's special fares with a stopover in each direction. Finally, Air India's new look first class with Sleeperets on 747 aircraft flying from Bom / Del to US / UK takes its passenger to their destination in comfort and care as at home.
UNIT TRUST OF INDIA MUTUAL FUND
The Unit Trust of India (UTI) Mutual Fund Dubai representative office primarily markets UTI Mutual Fund's products to NRI customers in the UAE and other GCC countries. In its effort to widen its scope, the Dubai office is concentrating on marketing offshore funds, which are Pound and Dollar denominated operating through Mauritius and are extremely tax efficient.
The office also has plans to launch capital guarantee funds (with support from the bank ) in the Dollar segment shortly. The endeavour would be to launch more customized products for individual and non-individual investors. With experienced officials from India , UTI Dubai is well equipped to assist any individual or institution to plan its investment needs.
ORIENTAL INSURANCE
Boasting a satisfactory tract record, the Oriental Insurance Company ltL has been operating in the UAE since 1959. The company offers various types of insurance coverage to the Indian traders in the UAE in order to enable them to trade without any fear of loss of mechandise due to circumstances beyond their control.
The company provides not only Marine Insurance coverages, but also coverages for loss or damage to all types of property, Liability Insurance, Workmen's Compensation, Personal Accident and Householders Comprehensive Insurance in addition to various types of coverages.
NEW INDIA ASSURANCE
New India Assurance (NIA) has entered the UAE market with a progressive medical policy, with one of the olders medical insurers or the world HanseMerkur Reiseversicherung AG , Germany . NIA has introduced four cashless policies serviced through a Third Party Adminstrator in the UAE as well as worldwide, covering a wide gambit of health care services, which have been launched by its Director & General Manager Mr A V Purushothaman
The Euromed - 36 and Euromed - 60 policies gurantee continuous renewal wherein the company renews the policy for 3 years for Euromed - 36 and for 5 years for Euromed-60 . The insurance cover is for US$ 110,000 with a deductible of US$ 16. The other two products are Euromed - Individual and Euromed - Group with a sum insured of US $ 500,000 with no deductibles. It covers dental treatment, orthodontic treatment, pregnancy and visual / orthopedic aids.
CANARA BANK
Canara Bank has achieved yet another record in bringing 306 of its branches under ISO certification. The bank's focus has been on undertaking core commercial banking abroad on a much larger scale other than the correspondent banking / forex remittance activities. Its Middle East operations are targeted to receive specific focus in this regard.
Canara Bank is today eminently placed in the comity of commercial banks of India . Achieving profits since inception, the bank staged yet another stellar performance in terms of business growth, profits and profitability during 2002 - 03 with its net profit going up to 37.52 % to reach Rs 10.19 Billion (US $ 214.59 million ), the highest among the nationalized Banks in India . The bank has also obtained regulatory approval for opening a representative office in Shanghai, China is currently mulling on converting its Deposit Taking Company in Hong Kong to a full fledged branch.
BANK OF BARODA
The Bank of Baroda ranked first in the overall profitability ratios amongst banks in UAE with a ratio of net profit to income at 51.16 per cent as against industry average of 34.98 per cent . In respect of Return of Assets (ROA) the bank ranked first amongst the 23 banks operating in the UAE with ROA of 2.93 per cent.
The bank also recorded the highest growth in loans and advances amongst foreign banks and second amongst the local banks in UAE during the year ended March 31, 2002 with 57.21 % as against industry average of 19.16 % for the year ending March 31 , 2003 from Rs 1309.26 crores during 2001 - 2002 to Rs 1716.63 crores during 2002 - 2003 while its net profit recorded a rise of 41.6 % at Rs 772.78 crores.
HMT INTERNATIONAL
HMT offers competitive engineering solutions to rejuvenate old productive machines and enhance their longevity. It offers complete remanufacturing supplemented by thorough documentation for the machine, which is further backed by after sales maintenance and customer training programs to assure maximum productivity from remanufactured machines.
This package is backed up by over five decades of experience in the manufacture of machine tools from simple general purpose to sophisticated FMS / CIM systems including plastic processing equipment such as injection molding and die-casting machines .
The expertise, experience and capability of the company are reflected in its manufacturing activities.
THE PRESS TRUST OF INDIA
Free India's first and largest national news agency, the Press Trust of India (PTI), is a nonprofit sharing cooperative owned by the country's newspapers. Its subscribers include 450 newspapers in India and abroad while all major TV / radio channels including BBC receive its service.
PTI was based in Bahrain since 1980 but shifted its office to Dubai 1995 in recognition of the increasing importance of Dubai as a major trade hub and also of the substantial presence of NRIs and other Indian interests in the UAE. PTI has over 100 bureaus across the country and foreign correspondents in major cities of the world including Dubai, Beijing, Dhaka, Islamabad, Katmandu, London, Moscow, New York and Washington.
TEA BOARD OF INDIA
The tea that most of us drink regularly is black tea which is stimulating as it contains a little caffeine. Besides black there are three other families of tea manufactured : Green Tea, Oolong Tea and Instant Tea. The green leaf or raw material is the same for all these varieties of tea. The central theme of manufacturer is what in the tea world has been traditionally called, 'fermentation'. The process , however, does not entail anaerobic of bacterial fermentation.
A small quantity of Green Tea is made in the northeast India. Oolong Tea, which is not made in India, is an intermediate between black and green with regard to fermentation. Instant Tea is soluble in water but, like black tea, requires fermentation. It is manufactured in South India.
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