MISSION'S ACTIVITIES NEWS HIGHLIGHT CULTURE & TRAVEL TO INDIA CULINARY Tour of Golden Triangle (2) Goan Fish Curry. Embassy of India Jakarta

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1 1-8 April 2018 INDIA'S LATEST NEWS Embassy of India Jakarta NEWS HIGHLIGHT World Bank plans to boost India lending by $1 bn/yr for next 5 yrs - India head; India pips Japan, becomes 2nd top crude steel maker ; Fintech Centre of Excellence in Chennai soon; India to be world s third largest travel and tourism economy in a decade: Report; NRDC to develop ASEAN technology data bank; India can do a Silicon Valley in 5 years : WB. MISSION'S ACTIVITIES CULTURE & TRAVEL TO INDIA CULINARY Tour of Golden Triangle (2) Goan Fish Curry 1

2 WORLD BANK PLANS TO BOOST INDIA LENDING BY $1 BN/YR FOR NEXT 5 YRS - INDIA HEAD The World Bank plans to raise lending to India by about $1 billion every year for the next five years from the current $3 billion to $3.5 billion, its country director to India said on Wednesday. The lending will be mainly for infrastructure projects, Junaid Ahmad said. Last November, India jumped into 100th place on the World Bank s ranking of countries by Ease of Doing Business for the first time in its report for 2018, up about 30 places, driven by reforms in access to credit, power supplies and protection of minority investors. (Source: Reuters) INDIA PIPS JAPAN, BECOMES 2ND TOP CRUDE STEEL MAKER In a major achievement, India has overtaken Japan to become the world s second largest producer of crude steel in February, according to the Steel Users Federation of India (SUFI).At present, China is the largest producer of crude steel in the world, accounting for more than 50 percent of the production. India s crude steel production was up 4.4 percent and stood at million tonnes for the period April 2017 to February 2018, compared with April 2016 to February 2017, which has helped India to overtake Japan and becomes the second largest producer of crude steel in the world, the federation said in a statement. India overtook the US in 2015 to become the third largest producer of crude steel. (Source: PTI/Asian Age) FINTECH CENTRE OF EXCELLENCE IN CHENNAI SOON The Centre s proposed Fintech Centre of Excellence, which will be located inside the Software Technology Park of India-Chennai, is expected to become operational before the end of this year, according to Sanjay Tyagi, Director, STPI-Chennai. The whole objective of this Centre of Excellence is to incubate and accelerate start-ups in fintech space. By the end of this year, we would like to see it happening, he said while addressing a Commonwealth Investment Corporation business event on Cross-Border Investments and scaling up of FinTech companies globally, organised by the British Deputy High Commission and TiE Chennai. An investment of 43 crore has been planned for setting up the ecosystem and infrastructure for this project, for which the State Government s support has been sought by way of sharing some portion of investments. (Source: Business Line) 2

3 INDIA TO BE WORLD S THIRD LARGEST TRAVEL AND TOURISM ECONOMY IN A DECADE: REPORT India will establish itself as the third largest travel and tourism (T&T) economy in the world by 2028, both in terms of direct and total gross domestic product, according to a report from the World Travel and Tourism Council (WTTC). The report said that India is expected to have around 9 million new traveling households by South Asia is expected to be the fastest-growing world region over the next 10 years, with average annual direct T&T gross domestic product (GDP) growth of 6.9 per cent forecast, driven principally by a strong 7.1 per cent growth in India, revealed the report titled Global Economic Impact & Issues The report covers 185 countries and 25 regions of the world, providing data on the 2017 performance as well as 10-year forecasts on the sector s potential. (Source: Little India) NRDC TO DEVELOP ASEAN TECHNOLOGY DATA BANK The National Research Development Corporation (NRDC) will establish a technology data bank for ASEAN (Association of Southeastern Asian Nations) region as part of ASEAN-India Innovation Platform. The proposed data bank will link existing data banks of available technologies in the ASEAN region. (Source: INDIA SCIENCE WIRE) INDIA CAN DO A SILICON VALLEY IN 5 YEARS : WB India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said on Tuesday. He said what drives productivity is pertinent when it comes to innovation and is a very relevant question for India as it seeks to move up the ladder from low middle income to high income country. Releasing a World Bank report on innovation in developing countries, he said: I think we can do a Silicon Valley in India in the next five years..as the world is changing, we can leapfrog. (Source: PTI/Pioneer) 3

4 MISSION'S ACTIVITIES Incredible India Pavilion inaugurated at Garuda Travel Fair by Minister of Tourism of Indonesia H.E. Mr. Arief Yahya and the Minister of Transportation of Indonesia H.E. Mr. Budi Karya Sumadi on 6 April Garuda Travel Fair is the largest travel fair in Indonesia which is expected to witness a footfall of at least 6000 prospective tourists over 3 days. 4

5 \ FLAVORS OF INDIA GOAN FISH CURRY RECIPE Prep Time : 20 Minutes Cook Time : 40 Minutes Servings : 04 Ingredients of Goan Fish Curry 1 lemon, quartered 2 medium sized fish, (any with firm white flesh, boneless and cut either into pieces or long slices) A pinch of salt For the Masala: 1/2 tsp cumin seeds 1/2 tsp turmeric powder 4 flakes garlic 8 Kashmiri red chillies 1 Tbsp coriander seeds 1 coconut, grated 1 1/2 inch lump tamarind, soaked in water 1/2 cup water 1 onion, finely sliced 2 green chillies, sliced How to Make Goan Fish Curry 1. Marinate the fish in salt and lime (half a lime) juice for 10 minutes. 2. In the meanwhile, grind all the masalas together. Add a little bit of water to adjust the consistency. 3. Add the onions and green chillies to the masala. Add this mix to a pan and place it over the flame. 4. Keep the masala over the flame for about 10 minutes (two boils) and keep stirring to prevent it from burning. 5. Once done, add the marinated fish to this masala. Add some water to adjust the consistency of the curry. 6. Let it cook till one boil. (In case you use fish with bone cook up till two or three boils). 7. Serve hot with rice. 5

6 \ TOUR OF GOLDEN TRIANGLE (2) In the previous edition we have mentioned The Golden Triangle in India, comprising of Delhi, Agra, and Jaipur, is considered to be one of the best routes for a cultural tour in the country. This unique, diverse cultural extravaganza lets travelers experience the goodness of one of the most fascinating architectural marvels of the country, delve into the medieval history, and taste delicious cuisines of the physically close, yet traditionally different cities of India. So, immerse yourselves in the spirit of urbanism in Delhi, romanticism in Agra, and regalism in Jaipur, and peek through the kaleidoscope of three different cultures at once. Best time to visit Delhi, Agra & Jaipur - Though the three cities are year-round destinations, August to March is considered the most suitable time to embark on the tour. One must avoid visiting in the hot summer months starting from April to July. Jama Masjid, Delhi : This great mosque of Old Delhi is the largest in India, with a courtyard capable of holding 25,000 devotees. It was begun in 1644 and ended up being the final architectural extravagance of Shah Jahan, the Mughal emperor who built the Taj Mahal and the Red Fort. 6

7 Lotus Temple, Delhi : The structure is made up of pure white marble. The architect Furiburz Sabha chose the lotus as the symbol common to Hinduism, Buddhism, Jainism and Islam. Adherents of any faith are free to visit the temple and pray or meditate. Around the blooming petals there are nine pools of water, which light up, in natural light. It looks spectacular at dusk when it is flood lit. \ Taj Mahal, Agra : The Taj Mahal is an integrated complex of structures that include a white marble mausoleum containing the tombs of the Mughal emperor Shah Jahan ( ) and his third wife Mumtaz Mahal ( ). As the symbol of a bereaved emperor's love for his empress, the Taj Mahal continues to captivate people worldwide with its history, its design, and its symbolism of eternal love. 7

8 Agra Red Fort, Agra : It was designed and built by the great Mughal ruler, Akbar, in about A.D. It is situated on the banks of Yamuna River. It is known as Red Fort because it is built of a kind of red sandstone. Inside this fort, there are some of the most exquisite architecture of the Mughal Period the Pearl Mosque, Moti Masjid, Diwan-i-Khas, Diwan-i-Am and Jahangiri Mahal. Embassy of India Jl. H.R. Rasuna Said Kav. S-1 Kuningan, Jakarta Feedback/Suggestions: We welcome suggestions/feedback of our readers on e-bulletin. Kindly send your views to us on info.india.jakarta@gmail.com DISCLAIMER: The Embassy of India, Jakarta, has acquired information from the various sources indicated in the newsletter. Though due diligence has been performed, the Embassy is not responsible for correctness and accuracy of reports.