- General Information on Luxembourg
- Luxembourg in India
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- Luxembourg trade and companies in India
- Luxembourg NGOs active in India
- Prime Business Location
- Tourism
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- In the Press
- The Telegraph-12/01/2010 : Wine in demand
- Statesman News Service-11/01/2010 : Luxembourg invites Indian companies
- The Telegraph-13/01/2010 : Bengal taps Mittal for steel plant
- Indlaw News- 14/01/2010 : Luxembourg, Pharma offers trade opportunities to Indian companies
- Economic Times- 13/01/2010 : Luxembourg leaves call on Jharkhand to LNM
- Outlook Traveller- February 2008- 48 hours in Luxembourg
- Financial Express Special issue- 23/06/2009- Grand Duchy of Luxembourg. Broadening ties with India
- Minister Jeannot Krecké's Economic Mission to India in the Luxembourg Press
New Delhi > Luxembourg in India > Luxembourg trade and companies in India >
Luxembourg trade and companies in India
The aim of the Embassy and of the Trade Office is to expand trade between both countries and to attract investments to both jurisdictions.
The Grand-Duchy makes great efforts to extend its presence on outside markets. The modest dimensions of the Luxembourg economy explain its historic openness to larger markets. With a population of only 460,000, foreign trade and investment is the main vector for economic growth. More than 80% of the goods produced in the Grand-Duchy are exported.
Minister of Economics Jeannot Krecké with his Indian homologue Kamal Nath in New Delhi, April 2007
In this context, South Asia is of major interest to our companies who are eager to find new business partners. Bilateral trade between Luxembourg and India has tripled between 2002 to 2007, reaching a peak of 52 million euros. This figure is still relatively low as compared to other Asian countries, but is expected to continue rising considerably in the future.
Major Luxembourg exports to India (2008) :
- Machinery and Appliances
- Base Metals and Articles of Base metal
- Plastic and Rubber Materials
- Articles of Stone, Cement and Glass
- Textiles and Textile Material
- Paper and its Application
Major Indian exports to Luxembourg (2008):
- Textiles and Textile Material
- Base Metals and Articles of Base metal
- Machinery and Appliances
- Chemical Products
- Articles of Stone, Cement and Glass
- Plastic and Rubber Materials
Looking at the above mentioned trade figures and the increasing but still rather limited presence of Luxembourg companies (compared to other Asian countries), the focus of the Embassy and the Trade Office is on increasing bilateral trade energetically. New horizons in our economic relations will be opened soon with the entry into force of the agreement to avoid double taxation, which will boost the bilateral trade and stimulate the flow of capital, technology, and personnel from India to Luxembourg and vice-versa.
While the Luxembourg steel and engineering sectors have already successfully found their way in the Indian market, other sectors are also very promising.
Special emphasis will be on the automotive sector. Due to the proximity of 22 major automobile manufacturing units within a radius of 300 km, Luxembourg has become a regional center of sorts for automobile components. More than a dozen companies are now present in this field (temperature gauges, plastic tanks for wipers, frames for batteries, separators for batteries, truck tyres, windscreens, passenger seat sensors, valves, car refrigerators, fuel tank ventilation, isolation material, springs for shock absorbers, research and aerodynamics testing, homologation, special vehicles, hydraulics etc) With India developing fast its own components sector, synergies might be explored further.
As the Indian economy liberalizes, the Embassy and Trade Office will also look at new business sectors in the services industry (banking and insurance, film industry).
Products from the Luxembourg Food and Beverage sector (chocolate, wine, beer) also have a great potential in India. As the local Indian consumption of wine is steadily increasing, international award-winning Luxembourg white wines and crémants ( http://www.vins-cremants.lu/en/home/index.html ) are expected to become a successful export to India.
Luxembourg companies with offices in India :
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ArcelorMittal India Limited |
Mr. Vijay Bhatnagar Chief Executive Officer Arcelor Mittal India Limited
6th Floor, M6, Uppal Plaza (Near Apollo Hospital)
Mr. Anil Anand |
ArcelorMittal, whose headquarters are in Luxembourg, is the world's largest steel company having strength of 326,000 employees in more than 60 countries. ArcelorMittal key financials for 2007 show revenues of US$ 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10% of world steel output. ArcelorMittal is a leader in all major global markets, including automotive, construction, household appliances and packaging. The Group leads in R&D and technology, holds sizeable captive supplies of raw materials and operates extensive distribution networks. Its industrial presence in Europe, Asia, Africa and America gives the Group exposure to all the key steel markets, from emerging to mature. ArcelorMittal is actively involved in key projects in India. Luxembourg has global significance in the company’s strategy for several niche products, where ArcelorMittal is the world’s leading manufacturer. ArcelorMittal’s office in India initially opened to boost Luxembourg steel exports, a mainstay of the country’s economy since the end of 19th Century. It soon specialized in selling steel from India to China and the U.S. however, therefore helping India’s steel industry to export and grow. The company now also started transferring technology to Indian steel producers. |
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Paul Wurth India Pvt. Ltd. |
Mr Serge Toussaint, Website: www.paulwurth.com |
Paul Wurth S.A. was founded in 1870. Its specialized divisions are actively planning, developing and realizing (fabrication, erection and commissioning) major projects and equipment:
* For the iron and steel industry:
* Technologies and equipment for environmental protection The expertise of Paul Wurth has put Luxembourg on the world map in the highly competitive global markets of steel production and industrial technologies. Paul Wurth played a crucial role in the modernization of India’s steel industry. In excess of 15 high furnaces (bell-less tops) have been installed over the years with SAIL, TISCO, the Jindals etc. |
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Koch Chemical Technology Group India Pvt. Ltd, a John Zink Division
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Mr.Venkatesh Madalambadi, Manager Koch Chemical Technology Group India Pvt. Ltd, a John Zink Division Pudhari Complex, 2 Floor, Building 'E', Sector 30, Vashi, N Mumbai - 400703 Tel: +91- 22-41617900 Fax: +91- 22-41617983 Email: Venkatesh.Madalambadi@johnzink.com Website: www.johnzink.com
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John Zink International Luxembourg SARL manufactures low emission and clean combustion equipment for Refineries / Petro-Chemical and Fertilizer Plants and has set up an office in India. The petroleum refineries and Petrochemical Plants are their main customers. Their products are at the high end of technology and have a good market in India. Their products could help in reducing emissions of Nox. |
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Dometic
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Mr. Shrinivas Arkasali Country Manager Dometic 512-513, Nav Nirman Kendra Famous Studio Lane Off Dr. E.Moses Road, Mahalaxmi Mumbai - 400 011 Telephone: + 91- 22 - 6654 5430 / 31 Fax: + 91- 22- 6654 5432 Email: shrinivas.arkasali@dometic.in Website: www.dometic.lu
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Dometic specializes in the design and production of refrigerators, freezers and transport boxes for the medical sector. The experience of Dometic in this area goes back to 1979, when the Cold Chain line of products were selected for the United Nations Extended Programme on Immunization organized in cooperation with WHO. Luxembourg provided US$ 10 million aid in 1997 to the Indian Government towards blood safety for a Blood Cold Chain Programme conducted by the National Aids Control Organisation. This lead to up gradation of 2600 blood banks in India. The entire supplies were made by Dometic who also sells to hospitals and other institutions directly. Dometic concentrates on developing leading-edge equipment that meets the highest standards of quality, convenience and reliability. Designed using the most advanced techniques, this equipment embodies the Dometic commitment to higher levels of ergonomics and environmental protection. Donation of ice lined blood bank refrigerators for Indian Red Cross Society at various centers made in collaboration with the Embassy of Luxembourg in India will be useful for the blood bank program. |
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Husky
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Mr. N. Hari Prakash, Managing Director Husky 404, A Wing Delphi Building Hiranandani Gardens Powai Mumbai 400 076 Tel: 022 25706316
Fax: 022 25706315 Website: www.husky.ca |
In 1953, the founder President, Mr. Robert Schad started Husky from a garage in Toronto, Canada to manufacture moulds.
Husky has since become one of the leading suppliers of injection molding equipment and services for the plastics industry. Turnover is USD 1076 million |
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CERATIZIT India Pvt. Ltd.
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A. K. Sareen
Tel: +91- 33- 2494 7003 Email: ashwani.sareen@ceratizitindia.co.in Website: www.ceratizit.com |
The cutting tools division of Plansee TIZIT Austria has merged with the CERAMETAL company based in Luxembourg. By this merger, a new 50:50 joint venture company, CERATIZIT with its headquarters in Luxembourg has been formed. In Luxembourg, CERATIZIT is represented by over 1000 employees at its various locations. CERATIZIT is the world leader in Wear Part products. As a result of this merger the Kolkata based Siel TIZIT limited, a joint venture between PLANSEE TIZIT of Austria and Siel is now known as CERATIZIT India Pvt. Limited. The company is ISO 9001 certified and has a modern manufacturing facility, which in terms of technology is at par with CERATIZIT Europe. It has inhouse facilities for powder processing, sintering and CVD coating. In fact, CERATIZIT India is one of the very few companies in India, which has complete capability to manufacture coated inserts from raw powder. The plant has a capacity to produce four million inserts per year. CERATIZIT has strength in providing solutions in different SEGMENTS like, Automotive, Aerospace Industry, Railways, bearings, Bar peeling, Roll machining, Die and Mould, Tube machining, Threading for Oil tubes, Al. wheel machining, Multi-functional tools, solid carbide rods and wear parts. We have wide range of tools from Milling, Turning, Parting and grooving to Spindle nose toolings. Major customers for CERATIZIT India are from the automobile sector. Notable among them being Ashok Leyland, Tata Motors, Tata Steel, HAL, Mahindra & Mahindra, Hyundai Motors, Tata Cummins, Maruti, Bajaj, Hindustan Motors, etc. Other important customers are ordnance factories and railways. |
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Cargolux Airlines International
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Mr. Jhangoo Daruwalla Cargolux Airlines International Office No. 5, Integrated Cargo Terminal,
Meenambakham, Email: Jhangoo.Daruwalla@cargolux.com Website: www.cargolux.com |
Cargolux is an integrated airfreight transportation company. It started operations from Luxembourg in 1970 with Canadair CL-44 freighters. Today, after more than 36 years in the business, Cargolux is one of the leading suppliers of high-quality, worldwide scheduled and charter air cargo services, using 15 B747-400 freighter and 20 trucking contractors, to move valuable and time-sensitive commodities between 91 destinations, 49 serviced by aircraft and 42 by truck. Cargolux shareholders are Luxair (34,9%), SAirLogistics (33,7%), Luxembourg financial corporations (31,1%) and others (0,3%). The company ranks tenth worldwide, measured in tonne-kilometers flown. At European Level Cargolux is currently the largest all-cargo airline. Cargolux in India was operating 3 scheduled weekly flights ex-Chennai. However, on account of high fuel and operating costs, the flights had been temporarily suspended for some time. They resumed in May 2009. |
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Secalt SA (part of Tractel Group) |
Mr. Ashwani Kumar Vaishnavi Sales Area Manager – India Tractel International Liasion Office B-103, Arch Profile G.H.S.L. Plot No. – 145, RDP-7, Sector -6, Mumbai – 400 067 Tel: +91 22 32684347 Mobile: +91 9871395309 Email: akvaishnavi@tractel.com |
Secalt S.A., Luxembourg is a fully owned company of Tractel International S.A. and is engaged in the manufacture of facade access systems for buildings, which combine skill, imagination, technical expertise and above all safety. They are the world leader in this field and are renowned for the permanently installed building maintenance units for cleaning and maintenance of facades, windows and glass roofs. Companies like L&T-ECC at their construction sites, etc. |
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EMDI Europe S.A. (EMDI) |
Office address in India |
EMDI Europe S.A. (EMDI) was incorporated in 1985 with the mission of providing quality products and services to the European Industrial Market. Through sustained effort, EMDI over the years has gained value and trust in the marketplace as a reliable partner, paving way for EMDI to service various sectors in the marketplace. Through partnering with well established and certified Manufacturing companies in INDIA, EMDI provided a total logistics solutions ensuring that the commitments are met to the end clients. EMDI has as well its own subsidiary, EMDI Impex Ltd., based in Chennai, India to facilitate production, logistics and other coordinated activities on a day to day basis. |
On March 30th 2009 has been launched the Indian Businees Chamber of Luxembourg (IBCL), with presence of the Luxembourg Foreign Minister Jean Asselborn and a large number of dignitaries and representatives. The main objective of the association is to promote the development of trade, economic, financial, educational, legal, scientific and cultural relations between and Luxembourg. Through its networks both in Luxembourg and India, IBCL can help its members in market analysis, setting up their business in Luxembourg or India, registration with respective authorities, obtaining legal and tax advice, searching business contacts, immigration assistance, relocation services and search for office, industrial or home space, recruitment of staff in relation to a new or existing business, access and exposure to business networks or forums. More information on IBCL can be found here: www.ibcl.lu .