2020 07-the-business-tycoons-magazine

THE BUSINESSACTIONS DELIVER RESULTS
GLOBAL INDIA BUSINESS FORUM PRESENTS
TYCOONS
SECTOR REVIEWSECTOR REVIEW
TOGO
PAPER INDUSTRYPETROLEUM INDUSTRY
JUTE INDUSTRYFISHING INDUSTRY
BUSINESS OPPORTUNITIES IN
Avnish KumarFounder & CEO of LivNSense
JULY 2020
COMOROS
..
Aboboyaya Kokouvi
Kareem Lateef Babatunde
Mayoro Ndao
Behzad Soltani
Amanna Iheanyi Nwaguru
"Everyone has the KEY, its just a matter of using it right”
Okante D. Parbey

July - 2020
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Editor - Ms. Aishwarya Joshi
Publisher - GIBF Associates Private Limited, India.
GIBF’S
STRENGTH
GIBF’S
STRENGTH
40 Tie-ups with different Embassies/ Consul General
About GIBF
GIBF Embassy Tie-ups
Memorandum of understanding of GIBF
Honorary Members
Avnish Kumar - Founder & CEO of LivNSense
Improving competitive edge in construction industry - 7 c's
approach
Sector Review - Petroleum Industry
Behzad Soltani - Founder of Jahrom Diamond
Aboboyaya Kokouvi - CEO of ABAC SARL
Mayoro Ndao
Top Mergers & Acquisitions
Kareem Lateef Babatunde - Founder of First Expert Logistics
Limited
Okante D. Parbey - Founder of Yalen Enterprises
Why Join GIBF
Mr. Amanna Iheanyi Nwaguru - CEO of Chayoue Energy
Company Limited
Togo - Infocus
Sector Review - Fishing Industry
Economic Bilateral Agreements & MOU’s
Comoros - Infocus
Flipkart
Upcoming GIBF Events & Trade Fairs
GIBF Past Events & Trade Fairs
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Magazine
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THE BUSINESS TYCOONS
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President’s Message
While there is a lot of chaos around, it is a crucial time for
businessmen to turn into visionaries for their businesses and
look for international opportunities or opportunities they can
create during this time. It is important now, more than ever, to
have a long-term vision when it comes to growth of their
business. And Global India Business Forum (GIBF) will help
these countries have a global reach as it is a networking
platform that helps businesses identify business opportunities
in other countries and helps explore them. GIBF also helps
businesses connect with different embassies, thus enhancing
a business's opportunity creation ability. GIBF also plans to
bring in delegates representing different countries which will
further help businesses across different spectrums connect
withthesedelegatesonadeeperlevel.
Also, as businessmen, you are always on the lookout for ways
to grow your business and your business can grow only when
people know that your business exists. And there is no better
way for people to know about your business than advertise
your company in The Business Tycoons magazine. The main
reasons why you must choose this magazine are because your
promotions for your business can reach up to 20 million
businesses and you can also connect to more than 160
different websites on the GIBF platform that will help you get a
betterideaofwhocanbeyouridealbusinesspartner.
The current phase that we as individuals and businessmen are
going through is no doubt,a challenging one. However,getting
stuck to the negative aspects of this phase is of no use. It is
important to stay positive and look for opportunities in the next
year, i.e. 2021. There is still hope for businesses to prosper as
there might be chances of generating better business and
revenues in future. Hence, it is important to not lose sight of
yourgoalandkeepgoingwithyourheadsheldhigh.
As the COVID-19 pandemic is gripping the world, it has
adversely affected the market opportunities for business in
various sectors as well. Different sectors are facing different
kinds of problems, be it in terms of investment, business
profits, financing of projects or producing goods to bridge the
gap between demand and supply. Thus these factors are
negatively affecting a company's ability to cash-in on the
latestmarketopportunities.
Not only have the market opportunities been affected, but the
mode of conducting business has changed too. Sometime ago,
when there was an option to conduct physical business, with
the pandemic that option is scarcely available today.
Nowadays, businesses in various sectors are going online to
catch up with the trend of 'going digital'. The construction
sector, for example, is coming up with a unique tool called
'COVID Space Planner' which will help the sector come up with
innovative ideas to keep workplaces safe and free from the
pandemic.
The customer's expectations have also increased from these
companies as a customer would always want high quality and
hygienic products especially during trying times like these.
However, customers also fear of contracting the virus through
physical contact with shopkeepers and hence small-scale
groceries and other brick-and-mortar businesses have seen a
steepdeclineintheirrevenues.
With all the things going on around the business world, it is
now even more important to deeply analyse the business that
has been done before COVID-19.This might give businessmen
a good idea of how to move ahead during these difficult times.
It is equally, if not more, important for businessmen to be
practical about their ambitions. This is clearly not the time to
takegiantleapsoffaithorbecomeoverambitious,whiletaking
business decisions which might result in doing more harm
thangood.
Dr. Jitendra Joshi
Global President – Global India Business Forum
e- Magazine : Up to date business news and inspiring stories
Global India Business Forum
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www.GIBF.biz | www.TheBusinessTycoons.com

About GIBF
India is a fast growing country and an emerging superpower. With the Indian
Government's drive for “Make in India" and “Skill Development”, there are ample
opportunities for both Indian and Global companies to run start-ups and make
exponentialgrowthinallbusinesssectors.
To provide a common platform
for businesses and entrepreneurs
to share their ideas & experiences for
entrepreneurial development.
VISION MISSION VALUES
In such a dynamic and vibrant business scenario,to promote synergy,a need for the formation of a common platform was felt.
The idea was perceived and progressed further by Dr. Jitendra Joshi,a successful businessman and visionary who has over 25
glorious yearsofexperienceinmanufacturingandserviceindustriesatseniorlevelmanagementinnumerousMNCs.
To fulfil this need and to bring together business professionals from various segments like Automobile, Engineering, FMCG,
Chemical, Pharmaceuticals, Electronics, Heavy Metal, Service Industry etc, Global India Business Forum (GIBF) was created.
GIBF will consist of members from all fields of business, industry, academics and other professions without any segment
boundaries. GIBF has its head office in Delhi,Corporate Office in Pune,India and Global offices in Dubai,USA,UK,Singapore and
China.ItalsohasitspresenceinMumbai,Chennai,Ahmedabad,Kolkataandinallothermetro-citiesofIndia.
Creating and building a World
Business Community for the
prosperity of businesses
globally.
We value holistic growth, humanistic
diversity and are committed to
professionalism, excellence,
community involvement,
accountability and timely progress
with ethical values.
4

GIBF EMBASSY TIE-UPS
TOGO
Togolese Republic, also called Togo, is a country in West Africa
sharing its borders with Ghana,Benin and Burkina Faso. It extends all
the way to the Gulf of Guinea. Togo's capital city Lome is situated in
the Gulf of Guinea. The land area of the country is 57,000 sq. km.
which makes this country one of the smallest in Africa. Also, the
population of Togo is 8.2 million as of 2020. Togo was declared
independentfromtheFrenchrulein1960.
Embassy Of the Togolese Republic of Togo Ambassador Mr. Kondi
Mani accepted the Honorary Membership of Global India Business
Forum, in the presence of Global President Dr Jitendra Joshi and
GlobalCoordinatorDeepaliGadkari.
ZIMBABWE
TheRepublicofZimbabwe,orsimplycalledZimbabweorRhodesia,is
a landlocked country in Southern Africa, sharing its borders with
countries like South Africa, Botswana, Zambia and Mozambique. The
capital of the country is Harare and it is also the largest city in the
country. Zimbabwe's population currently stands at 1,48,62,924 and
has 16 ofﬁcial languages.Among these 16 languages,English,Shona
andNdebelearethemostcommonlyspoken.
Ambassador of the Republic of Zimbabwe Dr. Godfrey Majoni Chipare
accepted the Honorary Membership of Global India Business Forum,
in presence of Global President Dr. Jitendra Joshi and Global
Coordinator(YoungEntrepreneurs)AbhishekJoshi.
5

MEMORANDUM OF UNDERSTANDING - GIBF
All India Plastic Manufacture's Association
The All India Plastics Manufacturers' Association – popularly known as AIPMA – Was
founded by Industry visionaries 73 years ago making it the old & the largest Apex
Body of the Plastic Industry in India, which has expanded and progressed by leaps
and bounds in all fields of Plastics having Head Office in most prestigious, centrally
located commercial localities in Mumbai, and Regional Offices in Delhi, Chennai and
Kolkata.
MSME Chamber of Commerce and Industry of India
MSMECCII Chamber is having all relevant members globally in various fields to guide
the Chamber for grow fast. Our Chamber is a form of Global business network and
localorganisationsofbusinesseswhosegoalistofurthertheinterestsofbusinesses.
MSMECCII is having eminent advisory board members from the various industries
including Padma Shri & Padma Bhushan dignitaries also for helping the organization
for the awareness of various important industry & social issues and exchange of
Globalcurrentknowledgeanddevelopment.
The International Institute of Knowledge Management (TIIKM) is an entity that
facilitates the purpose of knowledge transfer by constructing the career of the
research fraternity, empowering decision-making in the corporate sector and
promoting on quality decisions for policy-makers through academic Conferences.
TIIKM (The International Institute of Knowledge Management)
7
Global india Business Forum has signed MOU with TIIKM,AIPMA & MSMECCII for recognizing the
mutualinterest&thebenefitsofsupport&combinedeffortstowardsthedevelopmentofbusiness.

+91 8530556006 / +91 8530246006
Presents
For
With Regards
Dr. Jitendra Joshi
(Global President - GIBF)
COMING SOON
Constitution Club of India, Speaker Hall,Venue:
BUSINESS EXCELLENCE
NATIONAL AWARDS 2020
Raﬁ Marg, New Delhi - 110001

Mr. Vijay Bhatkar
Global India Business Forum (GIBF) is pleased to inform you all that Mr.
Vijay Bhatkar, Chancellor of Nalanda University, accepted the Honorary
Membership of GIBF. Dr. Jitendra Joshi honoured Mr.Vijay Bhatkar with
themomentoofGIBFinDelhi.
Dr.Vijay Bhatkar is presently the Chairman of the Oversight Committee,
Science and Engineering Research Board (SERB) as well as Chairman
of Unnat Bharat Abhiyan of linking India's leading Universities and
institutions to 6.4 lakh villages for their integrated development
through scientific and technological interventions along with cultural
and spiritual awakenings, Founder, Chancellor and Chief Mentor of
Multiversity,ChancellorofD.Y.PatilUniversityandNationalPresidentof
Vijnana Bharati. Dr. Bhatkar did his Ph.D. in Engineering from IIT Delhi in
1972.
Mr. Vitthal Kamat
Mr. Mahashay Dharmpal Gulati
Global India Business Forum (GIBF) is pleased to inform you all that
Mr. Vitthal Kamat, Chairman of Kamat group of hotels, accepted the
Honorary Membership of GIBF. Dr. Jitendra Joshi honoured Mr.Vitthal
KamatwiththemomentoofGIBFinDelhi.
He worked as a chef in a restaurant in London and learnt the hotel
business skills there. After returning to India, he started with the
basicprinciplesofgreendevelopment,andopenedIndia'sfirstEcotel
hotel "The Orchid". He is a visiting faculty at IIM Ahmedabad, BITS
Pilani and many other management institutes in India and abroad. In
1984 Kamat bought a four star hotel 'Airport Plaza' and changed its
nameto‘KamatPlaza’.
Global India Business Forum (GIBF) is pleased to inform you all that
Mr. Mahashay Dharmpal Gulati, Founder of MDH Spices accepted the
Honorary Membership of GIBF. Dr. Jitendra Joshi honoured Mr.
MahashayChuniLal withamomentoofGIBFinDelhi.
In 1959, he set up his first spice factory at Kirti Nagar in Delhi.
Gradually, MDH (Mahashian Di Hatti Private Limited) emerged as one
of the biggest brands in the category of spices in India and abroad.
His spice market has been spread in more than 100 countries across
theglobe.
HONORARY MEMBERS
9

some of his colleagues who carried equally
esteemed amount of experience. One of his
colleagues was Mr.Ajatashatru Singh,who is the co-
founder of LivNSense comes with product
development experience from Bosch and Huawei
while his other colleague was Ms. Priyanka Kumar
who is now the co-founder and Director of
LivNSense. Later on Mr. Rajan Bhatnagar joined this
team to lead the business globally, who is an IIT
Roorkee alumni and comes with 25+ years'
experience in leading successful start-ups and IT
companies in past. The company has successfully
completed 2.5 years in the IT industry and already
making a name for itself among established
companies. The company has also grown in size
since its inception,thanks to the constant innovation
that the company brings in, something that Mr.
Kumar deeply believes to be the mantra of their
success.
Mr. Kumar started LivNSense with the vision of
“makingmachinesactlikehumanbeings”.Hesawa
huge gap between the manufacturing and IT sectors
and realised that introducing IoT in the
manufacturing sector would be a very cost-effective
way to conduct manufacturing processes. He is also
on the mission to not only introduce AI into the
manufacturing industry, but to also bring in safety
measures while introducing it as human safety is of
paramount importance and that is what sets
LivNSense apart from its competitors. He wants to
makemachinesandhumansworkinharmony.
LivNSense offers an “Out of the Box” Digital Twin
platform, iSense4i™ that converts continuous
process industry with standard electronic systems,
into a Cognitive Living Equipment, thereby
significantly lowering the cost of operations and
reducing the carbon footprint LivNSense recently
launched Cognitive Furnace 4.0 platform helps
Chemical companies with overall plant efficiency
improvement, furnaces yield and energy
optimizationwithsafetyaskeyfeature.
If there is one aspect of LivNSense that also acts as
its USP, then that is bringing in customised and
highly innovative solutions to its customers'
problems. Also, before these solutions are
implemented, aspects like challenges faced by
manufacturing plants and the company's regulatory
compliance policies are taken into consideration
and only then are solutions developed and
implemented. And these solutions are not 'one-
time-wonder'onesbutarelongterminnature.
Mr. Avnish Kumar, Founder and CEO of LivNSense Technologies Pvt. Ltd., has a
proven and astounding experience of 25+ years in the Engineering and Information
Technology (IT) industry. Being an alumnus of NIT-Durgapur and MBA from
University of Melbourne itself speaks volumes about his expertise and knowledge
intheworldofArtificialIntelligence(AI)andInternetofThings(IoT).
LivNSense is a pioneering industrial IoT & AI platform led venture that primarily
serves the manufacturing industry. The R&D office is headquartered in Bangalore,
India and sales headquarters in USA.Within just two years,LivNSense has acquired
a great Fortune 500 customer base. It has come up with different businesses in
different areas; some of these companies are WELDSENSE, Furnace4.0 and ViCAS
enabledbyiSense4i™(AnIndustrialAIPlatform).
Mr. Kumar kickstarted his career by being a part of the R&D team in the
Telecommunication Industry and had been with Motorola, before moving on to
Infosys. After working for Infosys for some time, he switched over to Wipro
Technologies,where he worked for 13 years. It is here that Mr. Kumar found his true
calling and started his journey in the fields ofAI and IoT.To explore these fields more,
he started creating connected devices in the year 2010 in association with leading
ISV and Semicon companies and thus went on to develop one of leading connected
TV products for global markets. The connected Devices business touched upon the
Consumer & Intuitive Experiences and leveraged the Internet of Devices ecosystem.
HethenleveragedthisexperiencetobuildConnectedEngineeringPracticesatsome
oftheleadingITcompaniesincludingemergingITcompanieslikeIncedoInc.
However, while working with these companies, Mr. Kumar felt that something was
missing.Hence,tofillthisglaringgap,hedecidedtostartacompanyalongwith
Avnish Kumar
Founder & CEO of LivNSense
10

The key challenge for Mr. Kumar,while taking the bold step of merging IoT
with manufacturing sector, was to arrive at a common understanding of
processes of different companies and then coming up with a solution. It
was important to first understand a company's manufacturing processes
thoroughly. Once that was understood, then the next step was to find
technology gaps in an already established set of processes and to fill
those gaps,one process at a time.The most important resistance that Mr.
Kumar faced initially was from people as it was not easy for them to bring
a change to their processes overnight. However, with time, he overcame
thesechallengesandhissuccesssaysitall.
When it comes to facing challenges during the COVID-19 pandemic, Mr.
Kumar admits that they are facing challenges as a start-up as they are yet
to rope in big customers, so survival becomes paramount. The pandemic
has also affected their revenues and investment opportunities. However,
there is a silver lining for them as LivNSense is generating revenues from
manufacturing customers in Chemical, Pharmaceutical and Healthcare
sectors. The launch of CoVIPS™, an Covid19 Vision based Predictive
Safety Platform, for effective pandemic management for industries is
helping in addressing its customers immediate challenges with factories
re-opening. They have also started collaborating with different academic
institutions to take their business forward with focus on innovation in
ManufacturingAI.
Now beingWipro alumni,you also carry the values that you learn from the
prestigious company and Mr. Kumar is no exception as he idolises Mr.
Azim Premji and believes in doing honest business and treating his
employees and customers with equal dignity and respect. LivNSense
deeply believes in having an employee-friendly culture; he aims to create
a 'people company'. If there is one mantra that Mr. Kumar swears by
personally and professionally, it is to give importance to human
relationships.This is because,it is an employee who can make or break a
company and if the company treats its employees well,then the employee
willalsotreatthecompanywell.
He also believes in leading a disciplined and simple life as it helps him
become a better person as well as a better businessman too. He tries to
keep up with his daily routine of morning jogs, practicing yoga and
meditation and detoxing from the digital world as much as possible.
Another important ideology that he ardently follows has a lot to do with
him being an avid reader of the Holy Bhagavad Gita. One of the most
important lessons that he learnt while reading the holy text was that while
it is important to be business-minded, you must also have humanity and
compassionalivewithinyou.
While the Japanese market is his favourite market given the high
importance, Japanese citizens give to human relationships, for
now his plans of expanding his business include entering markets
liketheUSA,theMiddleEast,theUKandAustralia.
“We are targeting to clock $100 Mn in revenue by 2025,” says
Avnish Kumar. Below is one such credentials from their leading
customer/partner,
“LivNSense has been our innovation partner for digital factory
initiatives since pasty one year. This encompass a strong domain
led team in IIoT with a deep understanding of Industry4.0
concepts, quick adoption across buisness use cases from sensor
to cloud and are able to bring out innovative IoT solutions which
are reliable and secured to help our customers improve machine
utilization, efficiency, operator productivity, safety and predictive
maintenance. We at Leadec Industrial Services are happy to
embark on a digital journey with LivNSense to offer value added
solutions to our customers.” Opines Sudhir Gurtoo, Managing
DirectoratLeadecIndia.
Mr. Kumar signs off with a strong message to the budding
entrepreneurs: never stop believing in yourself and your dreams
and never look back once you have started walking on the path
towardsyourdream.
11

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F I n d I n g F a c t s . . . R e v e a l I n g T r u t h

Today'sbusinesstype:
Covid 19 has changed the world economics to a large extent.The biggest job
creator industry itself faced the challenge of acute shortage of labor for the
first time in history. Immediately after the lockdown was declared,all the site
activities have come to a grinding halt This includes government as well as.
privateprojects.
Ø An analysis made by KPMG has estimated loss due to corona virus
tothetuneofRs30thousandcroreperday.
Ø This pandemic has led to curtail down the investment in
constructionindustryby20-25%approximately.
Ø The loss is not just restricted to the Construction industry, but also
totheentireeconomyaswell.
Ø As per Economic Times, the construction industry alone employs
12%outofthetotalworkingpopulation.
Ø CREDAI has indicated in May the estimated loss would be around
1LakhCrore.
Apart of economic losses like disinvestment, unemployment, pay cuts, the
industry has to also overcome few major challenges like loss of business
opportunity, high level of uncertainty, dismal business, sudden change in
prioritiesofthecustomers,etc.
The real pain:The workers who migrated from the cities to their home towns
suffered a lot during this pandemic phase. Lakhs of workers left the cities &
migrated to their respective villages also suffered during the journey.
Projects which are under development have been badly hit with a projection
of further delay of four to six months for completion. Here it becomes more
important to understand that every delayed day is going to add up additional
interestcostonworkingcapitalloanstaken.Thisanyhowwillbebornebythe
contractor or developer himself. Revised operating norms, safety measures,
social distancing, demand for specialized equipment and specialized
materials all adding further add as disruptions to the supply chain in this
industry. On the back drop of reverse migration skilled workers available at
work places or sites may demand at wage rise by 20 to 25 percent, which
itself will again be monetary burden on account of developer. The material
supplies have either stopped or getting delayed due non availability of
transport vehicles or shortfall of drivers. The contractors are continuously
facing the challenge of mobilizing the resources. The work force, plant &
machinery,and the systems are idle which in turn is adding to the losses.The
sales and sales revenue has been a major hit dropping it to more than 40% to
42%. The outstanding payment got defaulted on and such numbers got
increased and widespread, resulting many construction companies are
IMPROVING COMPETITIVE EDGE IN
CONSTRUCTION INDUSTRY - 7 C'S APPROACH
BY NITIN ATHAVALE
The strategy to quickly recover from the present crises
and perform outstandingly and prove ourselves to be
more competitive will only help us to survive in the
futureadapting7C's
I. Categorical—be completely clear and direct in
communication with your suppliers. Be open and
frank in your thoughts and explain the present
liquiditycriseslikesituationtothesupplierandfind
out a solution which will be acceptable to both of
you.
II. Capitulate—We as a channel partner need to give
back to the society by providing employment,
business, opportunities, and money into the
economy.
III. Captivate—we need to now attract and at the
same time hold the interest of the stake holders in
theentireconstructionecosystem.
IV. Cautious—Follow all the new regulations laid by
thegovernmentw.r.t.safetynorms.
V. Cerebrate—Think and define your future actions
with new norms, new technology, new work
standards, new specifications for raw materials,
construction,andprocessesaswell.
VI. Comprehensive approach—work by including all
or nearby all for business growth. Include all the
individuals involved in the industry, company,
organization for better positive engagement &
effectiveperformancesoftheavailableresources.
VII. Cynosure—create your own identity, try to have
some USP, and be noteworthy for others by setting
up new normal or new success model. When all
other market players are finding it difficult to
withstand and sustain during this locked down
period, we need to recover fast and create our
unique place and stand firm in the competitive
world. For ex you can make the payment to the
suppliers during the locked down, or ensure to
make payments to the employees in time. These
few things will spread a positive signal to all
stakeholdersandwillhelpyougetyourownUSP.
13
- BY NITIN ATHAVALE (HEAD SCM RACHANA LIFE SPACES)

14
Simple ways of improving upon competitive edge – navigating in the
present crises and surviving to thrive the new normal I propose
followingsimplewaystobeoncompetitiveedge
EngagingWorkforce
- The construction companies now quickly need to absorb the work
forceandprovidebetter,safe,andsecuredworkplace.
- Fair payment and dues: ensure the dues are paid quickly after the
work resumes.
- Prompt payment to labor contractors
Providepropershelter
-Now construction industry needs to provide proper shelter to the
labor in their premises, which will ensure uninterrupted work flow
evenduringthepandemiclikesituationinfuture.
-On site medical aid, making available potable drinking water,
electricity, supply of free/subsidized groceries, making available
other few basic necessities, will keep the workers bonded with the
organizationforalongertime.
-Imparting safety training at work place,practicing yoga and exercise
at site, educating healthy habits, will help to develop a feeling of
moralbondingandstrengthenthecompany-workforcerelationship.
Increase the work force Try to increase the manpower shortfall if any
to cover up and speed up the project execution work at sites
consideringsiteprogress.
Reallocate the employees from those sites which have not yet started
ortemporarilypostponedforexecution.
Payment to the supplier's:Try to make the old outstanding payment to
all the creditors. Make and ensure to pay them may be partially but in
time. This will result into boosting confidence & positivity in the
market.
Sign up for new capital & infra projects, enabling picking up some
momentumintheeconomy.
Do not much depend upon relief packages as the industry is still not
clear about? Property developers and consultants still feel that this
losscouldstillbeminimizedbyannouncingareliefpackage.
Increase digitization: Make use of digital tools like Building
information Module, 3D,4D,5D simulation to re plan the projects
resulting rescheduling of the projects, use of Integrated digital twin
solutions which helps to monitor the projects right from the
conceptionstagetothefinalcompletionstage.
WFH: Developers, architect's, consultants, bankers, legal liasoning
teams,supply chain professionals are adapting new hardware's,and
new online channels, various apps ensuring real work flow
management,realtimetracking,aswellmonitoringthesiteprogress.
Procurement teams can now order construction materials online &
canmanagecriticalresourcesmoreaccurately.
Focus on long lead inventories and alternative suppliers: Companies
now need to think about developing alternative supplier's keeping
view of availability of raw materials both from containment & non
containmentzonesrespectively.
Invest in automation: many players are investing in automation of
onsiteandbackofficeprocesses
Accelerate gradually towards thinking or using prefabricated
subassemblies in place of fabrication process considering the
speedyexecutionoftheprojectsandshortageofmanpower.
Designers now to plan and developers need to construct healthy
lifestyle homes focusing more upon scope for customization at the
buyersend.
Createareturnbusinessplanquicklyandactupon.
Think of new normal, draft in detail and execute it as quick as
possible.
Attract property buyers and try to convert every lead into actual sales
andearnprofit.
Ensure to lease out properties with better commercial terms and
prosperthebusiness.
By implementing the above measure the organizations, construction
industry and economy of the country as well start rolling in the revival
stage and gradually will lead INDIA to become one of the strongest
economiesoftheworldinfuture.

The petroleum industry, also known as the oil industry or the oil patch,
includes the global processes of exploration, extraction, refining,
transporting (often by oil tankers and pipelines),and marketing of petroleum
products. The largest volume products of the industry are fuel oil and
gasoline (petrol). Petroleum (oil) is also the raw material for many chemical
products, including pharmaceuticals, solvents, fertilizers, pesticides,
synthetic fragrances,and plastics.The extreme monetary value of oil and its
products has led to it being known as "black gold". The industry is usually
divided into three major components: upstream, midstream, and
downstream.UpstreamdealswithDrillingandProductionmainly.
Petroleum is vital to many industries, and is necessary for the maintenance
of industrial civilization in its current configuration, making it a critical
concern for many nations. Oil accounts for a large percentage of the world's
energyconsumption,rangingfromalowof32%forEuropeandAsia,toahigh
of53%fortheMiddleEast.
Other geographic regions' consumption patterns are as follows: South and
Central America (44%), Africa (41%), and North America (40%). The world
consumes 30 billion barrels (4.8 km³) of oil per year, with developed nations
being the largest consumers. The United States consumed 25% of the oil
produced in 2007. The production, distribution, refining, and retailing of
petroleum taken as a whole represents the world's largest industry in terms
ofdollarvalue.
SECTOR REVIEW - PETROLEUM INDUSTRY
Petroleum is a naturally occurring liquid found in rock formations. It consists
of a complex mixture of hydrocarbons of various molecular weights, plus
other organic compounds. It is generally accepted that oil is formed mostly
from the carbon rich remains of ancient plankton after exposure to heat and
pressure in Earth's crust over hundreds of millions of years. Over time, the
decayed residue was covered by layers of mud and silt,sinking further down
into Earth's crust and preserved there between hot and pressured layers,
graduallytransformingintooilreservoirs.
Imperial Russia produced 3,500 tons of oil in 1825 and
doubled its output by mid-century. After oil drilling began in
what is now Azerbaijan in 1846 in Baku, two large pipelines
were built in the Russian Empire:the 833 km long pipeline to
transport oil from the Caspian to the Black Sea port of Batum
(Baku-Batum pipeline), completed in 1906, and the 162 km
longpipelinetocarryoilfromChechnyatotheCaspian.
At the turn of the 20th century,Imperial Russia's output of oil,
almost entirely from the Apsheron Peninsula, accounted for
half of the world's production and dominated international
markets. Nearly 200 small refineries operated in the suburbs
of Baku by 1884. As a side effect of these early
developments, the Apsheron Peninsula emerged as the
world's "oldest legacy of oil pollution and environmental
negligence". In 1846,Baku (Bibi-Heybat settlement) became
the first ever well drilled with percussion tools to a depth of
21 meters for oil exploration. In 1878, Ludvig Nobel and his
Branobel company "revolutionized oil transport" by
commissioning the first oil tanker and launching it on the
CaspianSea.
In the early 1930s the Texas Company developed the first
mobile steel barges for drilling in the brackish coastal areas
of the Gulf of Mexico. In 1937 Pure Oil Company (now part of
Chevron Corporation) and its partner Superior Oil Company
(now part of ExxonMobil Corporation) used a fixed platform
to develop a field in 14 feet (4.3 m) of water,one mile (1.6 km)
offshore of Calcasieu Parish, Louisiana. In early 1947
Superior Oil erected a drilling/production oil platform in 20 ft
(6.1 m) of water some 18 miles off Vermilion Parish,
Louisiana. It was Kerr-McGee Oil Industries, as operator for
partners Phillips Petroleum (ConocoPhillips) and Stanolind
Oil & Gas (BP),that completed its historic Ship Shoal Block 32
well in November 1947, months before Superior actually
drilled a discovery from their Vermilion platform farther
offshore. In any case,that made Kerr-McGee's Gulf of Mexico
well,Kermac No. 16,the first oil discovery drilled out of sight
ofland.
With the advent of hydraulic fracturing and other horizontal
drilling techniques, shale play has seen an enormous uptick
in production. Areas such as the Permian Basin and Eagle-
Ford shales are now huge hotbeds of production for the
largestoilcorporationsintheUnitedStates.
Modern history
Prehistory
16
Early history
Petroleum in an unrefined state has been utilized by humans for over 5000
years. Oil in general has been used since early human history to keep fires
ablazeandinwarfare.
Its importance to the world economy however,evolved slowly,with whale oil
being used for lighting in the 19th century and wood and coal used for
heating and cooking well into the 20th century. Even though the Industrial
Revolution generated an increasing need for energy, this was initially met
mainly by coal,and from other sources including whale oil. However,when it
was discovered that kerosene could be extracted from crude oil and used as
a lighting and heating fuel, the demand for petroleum increased greatly, and
by the early twentieth century had become the most valuable commodity
tradedonworld

The Opportunity – Long-Term Returns To All Stakeholders
17
Oil and natural gas have been utilised by humankind for
thousands of years. Industrial-scale exploitation of these
resources is considered to have started in Pennsylvania about
150 years ago. It is impossible to predict how long the petroleum
age will last, but the projections above clearly indicate that for
next several decades fossil fuels will continue as the main
sourceofenergyfortheworlddevelopment.
Ifthechallengesarehuge,soaretheopportunitiesthatlieahead.
Very few industrial activities have the breadth of opportunities
that the petroleum sector offers to develop and deploy new
technologies, promote development and wellbeing, and
remunerate huge sums of capital, all of these at the same time
and sustainably in the short and long term.The list of ingredients
for the continuing success of the petroleum industry is not long
andisfairlyobvious.
People, innovation and technology: The combination of skilled
human resources,innovative thinking and new technologies has
been and will continue to be the key factor in finding and
developing new sources of hydrocarbons in the most
challenging environments. It is for this reason that time and
again ingenuity unlocks enormous new pools of resources that
were unknown or not viable even in well-explored provinces.
Recent examples are the huge shale gas resources being
developed in North America and now being target around the
world, and the vast amounts of oil discovered only in the last 10
years, in spite of over 50 years of exploration activity, in the
Lower Tertiary of the United States' Gulf of Mexico and the pre-
saltlayersoftheSantosandCamposbasinsoffshoreBrazil.
Dialogue, co-operation and level ground competition: One
peculiarity of the petroleum industry is that very often bitter
competitors in one area establish partnerships and co-operate in
other ventures. A clear trend of increasing dialogue has been
established between consumers and producers (OPEC and IEA,
for example), business areas (producers, refiners and
automobile industry), and corporate organisations (international
oil companies and national oil companies, majors and
independent oil companies). It is important that this dialogue be
kept at all levels, so that regulators establish fair and balanced
terms under which companies may compete in level ground
conditions, earn the right to exploit natural resources, generate
profits for their shareholders and return a fair share of the wealth
tolocalsocieties.

TOP 5 OIL & GAS COMPANIES OF INDIA
Bharat Petroleum Corporation Limited (BPCL) is an Indian state-
controlled oil and gas company headquartered in Mumbai,
Maharashtra. The Corporation operates two large reﬁneries of the
country located at Mumbai and Kochi. Its product range includes
Petroleum, Natural Gas and other Petrochemicals. It is one of top oil
andgascompaniesinIndia.
Castrol India Limited is an automotive and industrial lubricant
manufacturing company. Castrol India is the largest
manufacturer of automotive and industrial lubricants in the
Indian lubricant market and owns around 48 market share in
the overall Indian lubricant market. Castrol is offering wide
rangeofproductswhichareasfollows-
18
Bharat Petroleum Corporation Ltd (BPCL)
Castrol India Ltd
Chennai Petroleum Corporation Ltd
Chennai Petroleum Corporation Limited (CPCL) a Group
company of Indian Oil Corporation (IOCL) is an Indian state-
owned oil and gas corporation headquartered in Chennai,
India. The company was founded in the year 1965. It is
offering wide range of products including Diesel, Kerosene,
LPG, Petrochemicals and Petrol. It is one of the top 10 oil and
gascompaniesinIndia.
Gail India Ltd
Gail (India) Limited (GAIL) (formerly known as Gas
Authority of India Limited) is the largest state-owned
natural gas processing and distribution company in
India. It is headquartered in New Delhi. It has the
following business segments: natural gas, liquid
hydrocarbon, liqueﬁed petroleum gas transmission,
petrochemical, city gas distribution, exploration and
production,GAILTELandelectricitygeneration.
Hindustan Petroleum Corporation Ltd (HPCL)
Hindustan Petroleum Corporation Limited (HPCL) was
founded in the year 1974. It is headquartered in Mumbai
Maharashtra. Its product range includes oil, natural gas,
petroleum,lubricant,petrochemicaletc.
Indian Oil Corporation
Indian Oil Corporation was founded in the year 1959. It is
headquartered in New Delhi, India. It is offering a range of
productsfuels,lubricants,petrochemicals.ItisIndia'slargest
commercial enterprise. With subsidiaries in Sri Lanka,
Mauritius and the UAE,Indian Oil is scouting for new business
opportunitiesintheenergymarketsacrossAsiaandAfrica.

Behzad Soltani ,
19
Mr. Behzad Soltani is an entrepreneur from Iran who is
crea ng waves in the business world with his debut venture
“JahromDiamond”.Talkingabout hislife,Mr.Soltanirecalled
his childhood days and the difficul es that came in his life,
growingupinawar-torncountrylikeIran.
Mr. Soltani's father was a carpet merchant and carpet is one
of the most sought a er handicra s in Iran and is a luxury for
most people. His father exported carpets all over the world.
The family's financial situa on was very good un l his father
went bankrupt and this resulted in a major setback for the
family'sfinancialposi on.
Mr. Soltani learnt to mul task at an early age as he went to
school and worked to create a be er future for his family. He
went to school from morning to noon, and then worked in
fruitshopsintheevenings.
Mr. Soltani eventually joined the army at the age of 15. He
was very young, but because he was skilled in computer
systems and cyber encryp on, he signed a 5-year contract
with them and worked in support and ICT. Mr. Soltani was
fired 3 years later for special reasons. He had disobeyed
orders. He went to university and took the entrance exam.
HewasthenacceptedforanMBAprogram.
He started off with business plan shopping malls and sold
them to capitalists. But, the economic situa on of the
country worsened and no one was willing to invest in such
projects. At 19 years, Mr. Soltani realized that many
neighbouring countries were facing power shortages, so he
researched on the ma er and found that Iran's condi ons
were the best for building solar power plants but this failed
too.
He researched and realized that Iran has an excellent agricultural
produce. So, he eventually bought his own products and sold
them in other parts of the country. He bought commodi es like
lemons, oranges and dates and took them to other parts of the
country.Withinno me,Mr.Soltani'sbusinesswasbooming.
tradersandcompanies
While Mr. Soltani was doing well in the domes c market, he
wanted to go global. He received his Bachelors in Business
Administra on degree and decided to expand his business
globally. Therefore, he obtained export and import license. A er
that, he started expor ng his products to other countries under
thebrandname“JahromDiamond,AlmasJahrom“.
He set up a factory, bought a garden, and he now produces his
own agricultural products. He also buys saffron, dates, figs and
other products from farmers and exports them to countries over
the world. It's been two years since his company has started it's
already been recognized as one of the largest exporters of
pistachiosinMiddleEast.
His company produces fruits, dates, pistachios, figs, saffron and
almonds. His company imports agricultural fer lizers and
automobiles.
According to Mr. Soltani, the food industry business is one of the
best in the world because there is always a customer for this
business.
He recently completed his Master's in Business Administra on.
He puts a posi ve angle to all of his experiences with failure and
calls them an important lesson. He also states that there will be a
lot of disappointments in life, but one must never get bogged
downbythem;thatisthekeytovictory.
Mr. Soltani claims to be very strict in choosing a product because
he believes in providing the best quality products to his
customers.
His brand name "Jahrom Diamond" translates into his products
beingofthehighestqualitypossible.
One of the most important problems Mr. Soltani faces is the US
sanc onsagainstIran.
The Corona pandemic has also caused his company to restrict
interna onaltrade.
Regarding his expansion plans, Mr. Soltani said that since Iran's
banks are under US sanc ons and cannot transfer money, his
companywouldliketoexchangegoodsforgoods.
When it comes to success mantras to be followed in life, he has
only one mantra that he follows to the tee: Always stay op mis c
andneverstoptryingtosucceed.
When asked about how he maintains a work-life balance, Mr.
Soltani says that it's important to work hard to achieve your goals
andthenonlythinkaboutge ngmarried.
Mr. Soltani strongly believes that we as humans must help build a
peaceful society. All human beings should have food, houses,
clothes, money, comfort and peace of mind, because all humans
havetherighttolivewithdignityandrespect.
As a member of the GIBF, Mr. Soltani considers it as his duty to
work for the expansion of global trade and economic
development. He also hopes that Coronavirus will be
eradicated soon and that global trade returns to normalcy..
Founder of Jahrom Diamond

Mr.Aboboyaya Kokouvi is the CEO of his companyABAC SARL.
He is also a sociologist and a former employee of Plan
International Togo. His company ABAC SARL was established
in 2017 by bringing different producers together to establish
a producer base. The company was incorporated in 2018 and
also signed its first contract with a French company called
SOYCAIN.
ABAC SARL stands for Africa Bio Agricultural Company. The
company mainly exports organic soybeans, cashews,
sesame,Sheaandothertropicalproducts.ABACSARLaimsto
establish fair trade between the company and the producers
foroverallinnovation.
The company's main USP is that they provide clean and high
quality products which will create a monopoly position for
them in the market. Talking about the challenges faced while
setting up the company. Mr. Aboboyaya said that the
beginnings were not easy as he faced two successive failures
whichalmostsankthecompany.
The company says that it is always in search of clients to
create a sustainable partnership. They also plan to explore
the American and Asian markets sometime in the future.
Talking about life philosophies that he personally follows in
life, he says that work is the only liberator and it is also the
only door to achieving financial freedom,so his only message
to everyone is to work hard and always try again when they
fall.
Mayoro Ndao is a young entrepreneur and businessman and a
Senegalese specialist in the field of transport, equipment logistics
and distribution. He also works in the field of communication and
events.
He started his entrepreneurship at the age of 21 when he was in
university pursuing higher studies. He had a lifelong dream of being a
free and independent man. When he first started out with his first
venture he had just 150 Euros. Cut to today, he now owns two
companies which are Lamp Companies, which deals with logistics,
transport, equipment and distribution and Belcom International
whichisprimarilyintocommunicationandeventmanagement.
In the beginning,it was very hard to start his own business due to lack
of means to do so. Coming from a poor family he worked for another
company to earn enough money to finance his business project.
Todayhehasnotonlymadeanameforhimselfbuthisventureisquite
prominentinthesub-region.
He works day and night in order to gain the trust of my clients. And
that has truly paid off as he now has partners all over the world. He
hasgottoworkwithcompaniesknownworldwideoncertainprojects
inSenegal.
His only philosophy in life is to work, work and work! He is primarily
focusedonhisprofessionallife,andhewantstotakeadvantageofhis
determinationtomakeitbigtoearnhislivingwithdignity,becausehe
dreams of becoming the most trusted brand in his country. He has a
small family of two children and loves to spend his weekends with
them. His hobbies include playing sports, with his favourite form of
sportsbeinggymnastics.
Mayoro Ndao
21
Aboboyaya Kokouvi,
CEO of ABAC SARL

In terms of the number of branches,Bank of Baroda ranks second in India across
all banks. The merged entity has nearly 9,500 branches as Dena Bank and Vijaya
Bank will help BoB increase its reach in the western,southern and north-eastern
regions. However, to achieve economies of scale and remove overlapping, it is
expectedthatsomebranchesofeitherofthebankswillbeshutdown.
The new Bank of Baroda is expected to create a globally competitive Bank by
taking the advantages of economies of scale, synergies for the network, low-cost
deposits and subsidiaries. It is also expected to improve customer base, market
reach, operational efficiency and the capability to offer a wider bouquet of
productsandservicesforcustomers.
The merger is dependent on the Supreme Court's final views in the adjusted
gross revenue (AGR) case. If the top court doesn't allow telcos, including
Vodafone Idea, to spread the payment over several years, the Indo-UK
telecom JV is likely to shut shop, which will in effect kill the deal. This, since
Infratel and Indus both countVodafone Idea as their major customer,and the
telco's closure will deal a huge blow to both tower companies, severely
dentingvaluations,saymarketexperts.
In fact, Bharti Infratel had deferred its June 11 board meeting that was
scheduled to take a final call on its big-ticket merger with Indus Towers,
which would form among the world's largest telecom tower companies.The
deal,once closed,may net some Rs 4,500 crore toVodafone Idea if it decides
to sell its 7% stake in the merged entity, instead of retaining its holdings.
DENA BANK, VIJAYA BANK MERGES WITH BANK OF BARODA
BHARTI INFRATEL MERGER WITH INDUS TOWERS
Max India on Monday said it has completed spinning off its hospital
assets under Max Healthcare and all its residual businesses under
AdvaitaAllied Health Services,along with merger of healthcare business
o f R a d i a n t L i f e C a r e w i t h M a x H e a l t h c a r e .
The process is in line with a composite merger scheme approved by the
National Company Law Tribunal (NCLT), the company said in a BSE filing.
The combination of Radiant and Max Healthcare, called Max Health
Institute (MHIL), will be the second-largest hospital network in the
country by revenue and one of the top three chains in terms of bed
capacity,thecompanysaid.
MAX COMPLETES HEALTHCARE MERGER WITH RADIANT LIFE
TOP MERGERS & ACQUISITIONS
22

Amazon announced that it is acquiring the self-driving vehicle company
Zooxforareported$1.2billioninJune.
Amazon has shown a keen interest in the self-driving car space for some
time now,taking stakes in the electric truckmaker Rivian and self-driving
start-upAurora.
Zoox CEO,Aicha Evans and his cofounder Jesse Levinson will continue to
leadZooxas“astandalonebusiness”withinAmazon.
The Zoox acquisition is speciﬁcally aimed at helping the startup “bring
their vision of autonomous ride-hailing to reality,” according to Amazon,
so this doesn’t look to be immediately focused on Amazon’s logistics
operations for package delivery. But Zoox’s ground-up technology,which
includes developing zero-emission vehicles built speciﬁcally for
autonomous use, could easily translate to that side of Amazon’s
operations.
Microsoft aquires to Israeli IoT security specialists CyberX in June for an
undisclosed amount. Microsoft will incorporate CyberX technology and
talent into its cloudAzure unit,where it already offers theAzure IoT stack,
Azure Security Center for IoT and Azure Sentinel. The CyberX team will
nowreportintofellowIsraeliYuvalEldar,MicrosoftGMofIoTSecurity.
Today we are excited to share that Microsoft is acquiring CyberX to help
solve these challenges. CyberX will complement the existing Azure IoT
security capabilities, and extends to existing devices including those
used in industrial IoT, Operational Technology and infrastructure
scenarios.With CyberX,customers can discover their existing IoT assets,
andbothmanageandimprovethesecuritypostureofthosedevices.
AMAZON TO ACQUIRE AUTONOMOUS DRIVING
STARTUP ZOOX FOR £1.2 BILLION
MICROSOFT ACQUIRES CYBERX
The virtualisation specialistVMware announced its intention to acquire Octarine
foranundisclosedamountinMay.
The California-based startup specialises in securing applications running on the
popular open source Kubernetes container orchestration platform. VMware will
immediately fold the Ocatrine team and technology into its cybersecurity unit
CarbonBlack,whichitacquiredlastyearfor$2.1billion.
Acquiring Octarine enables us to advance intrinsic security for containers (and
Kubernetes environments), by embedding the Octarine technology into the
VMware Carbon Black Cloud, and via deep hooks and integrations with the
VMware Tanzu platform. Combined with native integrations with VMware
vSphere, VMware NSX and VMware Cloud Foundation, we're creating a unique
and compelling solution to better secure workloads.And,with the addition of our
VMwareAppDefensecapabilitiesmergedintotheplatform.
VMWARE ANNOUNCES INTENT TO ACQUIRE OCTARINE
23

of Documentation Department of the organization before he
resignedandstartedhisownorganizationin2012.
TheUSPofhiscompanyisbrieflydescribedbelow:
· Quickandspeedydispatchtreatmentofclientrequest
· Security of client shipment against theft, damage and
misplacement
· Bestwarehousingfacilities
· Best competitive quotation.The main principles that Mr.
Kareem deeply believes in, which also in turn, set his
business apart, are integrity, safety and discipline.
However, unstable economy conditions, financial
stability and equipment challenges are some of the
seriouschallengesthathisbusinessfacesquiteoften.
As far as his vision to expand his business goes, Mr. Kareem
wishes to expand his company's scope to other countries
around the globe. The company is also into other sectors like
mining, real estate, oil and gas industry, telecommunication
andagriculture.
Mr.Kareemdeeplybelievesinthewelfareandempowermentof
his employees and hence has adopted a staff empowerment
culture. His company believes in the fact that all employees are
part of a team.As long as they get the job done efficiently,it will
benefit the organization as a whole and keep things running
smoothly. Their work philosophy is to complete small tasks
whichareaninseparablepartofalargergoal.
Mr. Kareem deeply supports the idea of having certain success
mantras as these help any businessman sail smoothly through
certain difficult times. Some of these mantras that Mr. Kareem
himselffollowsandisalsoanintegralpartofhisbusinessare:
· Doitinyourownway
· Buildastrongbrand
· Beleanandmean
· Beflexibleandadaptable
When it comes to maintaining a work-life balance,Mr. Kareem tries
to maintain both his work and family life while hoping for minimum
friction between the two.To achieve this,he maintains and pursues
alotofhobbieslikereading,driving,playinggolfandswimming.
Every businessman, whether an established one or a novice in the
field,goes by certain personal ideologies that not only help him as a
person, but also as a businessman, and Mr. Kareem is no exception
inthiscase.Someofhispersonalideologiesarelistedbelow:
· Whenthegoingistough,onlythetoughgetgoing.
· Neversayever.
· Liveandletlive.
· Werisebyliftingothers
· Don'tlookbackyou'renotgoingthatway.
· Keepmovingthere'salwayslightattheendofthetunnel.
Mr. Kareem Lateef Babatunde dreamt of becoming an entrepreneur
since his high school days. After completing his high school
education, Mr. Kareem decided to work for some time before opting
for higher studies. His uncle, who was into logistics, introduced me to
the Logistics business. Mr. Kareem was greatly inspired by his uncle's
'get-it-done' attitude because logistics has a lot to do with a person's
state of mind and coming up with a strategy for being proactive and
innovativeatalltimes.
After working under his uncle as an apprentice for over a decade, Mr.
Kareem decided to establish his own company named “First Expert
Logistics Limited”. The company was incorporated on December 5,
2012underCorporateAffairsCommission,Nigeria.
FirstExpertLogisticsoffersanarrayofserviceslike:
· Door-to-doorshipmentdelivery
· Airandseafreight
· Customsbreakage
· Haulage
· Relocationsandrepresentative.
The company's vision is to become a leading and monopoly
player in the logistics and supply chain industry in Nigeria,
Africaandaroundtheworld.
While their mission is to be a role model in the area of providing
unique, excellent and quality services that satisfy their clients at all
times, abiding by ethical and professional standards to help First
ExpertLogisticsLimitedbecomeaglobalsymbol.
Kareem Lateef Babatunde is a Nigerian citizen from Egbado north
local Government of Ogun State, Nigeria. He was born on June 13,
1979 in Ikeja local government Lagos. He attended the district
primary school Agege and then he went to St. Joseph Secondary
School,Agege. He did his higher education from University of Lagos
wherehecompletedhisBScinPublicAdministration.
His logistics career started with an organization called Confidence
Cargo Limited in Lagos,Nigeria,where he was employed as an office
clerk in the year 2000.And from there,he rose to the position of Head
Kareem Lateef Babatunde ,
Founder of First Expert Logistics Limited
25

Mr. Okante's company intends to offer their products and services
undertheYalenlabel.Theywillalsoprovidetheirpartnerswith:
- Meat from chickens, rabbits and other fresh products and
vegetableswiththisbrand.
- Connection and assistance to poultry farmers and agro-
pastoralmarkets
- Distribution of fresh products to individuals and
supermarkets
Mr. Okante D. Parbey is an accounts manager of Ivorian nationality.
He started his career in the associative field as an administrative
manager of an NGO in 2011, then he became the manager of a
company from 2013-2016. The year 2016 saw him use all his
experiences in the poultry sector to become the packaging center
manager and operations manager thereafter. In 2018,he decided to
start his own business with his own means. In addition to the
establishment of Yalen Multiservices, he is also preparing for his
master'sdegreeinAgronomyintheyearstocome.
Thecompany'sUSPis:
- Itisalocalbusiness
- Pricesareaffordableandreasonable
- Servicesareaimedatallsocialstrata
- Productsarenaturallyorganic
Yalen Enterprises specializes in the production and distribution of
agro-pastoral products and training and development of income-
generatingactivitiesthroughtheservicesitoffers.
When it comes to challenges, the company is facing many. These
challenges are in terms of finance, infrastructure, equipment and
logistics. And with regards to expansion, he would benefit over the
next 3 years from an investment that could help him set up an agro-
pastoralfarmof200,000layerswith7hectaresoflandwhichwillbe
used for gardening. Then he would go on to open a large
supermarket of organic and fresh food products in Côte d'Ivoire,
WestAfricasupportedbyane-commercesiteforremotedeliveries.
Mr. Okante's philosophy and culture in relation to work is summed
up in the fact of proceeding with instructions instead of orders,
because orders are imposed, but instructions allow the people he
works with to love what they do. He also follows a three-step
success mantra which is: Reflection - Action – Result.
He manages his work-life balance through deep meditation and
reading the Holy Scriptures and spending time with his family and
acquaintances. He spends more time learning from others and
approaches life without prejudice. Mr. Okante is active in law
associations and collective interest groups. Life beyond business
includes supporting community actions, supporting widows and
orphansincludingout-of-schoolchildren,sportsandmusic.
Mr.Okantedeeplybelievesinquoteslike:
- Allworkbringsabundance
- Nothingiseasybuteverythingispossible
- Nevergiveup
- Allispossibletothosewhobelieve
Mr. Okante believed in being independent since childhood. And this
idea of independence and its implementation were carried out
following his experiences in the field of firstly being the manager of a
packaging center and subsequently being the operations manager,
until he left to start his own business named Yalen Multiservices. Mr.
Okante has been an entrepreneur at heart since childhood.At the age
of five, with the help of his mother, he would sell powdered milk to
school children at the Quranic School in the neighborhood. So in
short, he grew up in a family of entrepreneurs. Mr. Okante always
wanted to do things by himself but tradition in the French speaking
system required him to go to school first and despite all these
safeguards he spent his time learning shoemaking and doing other
craftactivitiesduringholidaysandvacations.
Yalen Multiservices is a sole proprietorship based in Ivory Coast,
whichoperatesinthefollowingareas:
- Agricultureandlivestockintropicalareas
- Partnership,Commercialrepresentationandtrading
- Businessproviderandintermediary
- Purchaseandmarketingofagro-pastoralproducts
- Creation and management of AGRs and SMEs for Third
Parties
- Sale of breeding equipment, materials, tools and
accessories
- Study, implementation and monitoring of agro-pastoral
projects
- Import-Export
Thecompanyhasbeeninoperationsincethepast1year.
Currently, his company deals in raising chickens, rabbits and small-
scale agriculture, and is also into selling chickens, providing
assistance in breeding, setting up agro-pastoral projects and
creating partnerships in the agro-pastoral sector according to their
means. Mr. Okante, along with his team, is working on the Yalen
brandanditsvisibility.Thisprojectisunderway.
The company's vision is to become a benchmark in the agro-pastoral
and employment sectors in Africa in order to alleviate hunger,
malnutrition and poverty in Africa. To make this vision a reality, the
company is putting in all of its energy and efforts into training and
searching for investors in infrastructure and equipment for large-
scale production to meet the needs of the national and international
Okante D. Parbey ,
Founder of Yalen Enterprises
27

WHY JOIN GIBF
“Everyone has the KEY, it’s just a matter of using it right.”
GIBFaimstoformaGlobalBusinessCommunityforlargescaleinternationalnetworking.
E-magazinebyGIBFisafantasticplatformtopromotebusinessesreachingouttoover50millionbusinessmenandprofessionals
globally
GIBF knows the value of appreciation and hence, award ceremonies are organized at State, National and International levels to
recognizeandappreciatesuccessfulbrands,businessleadersandyoungentrepreneurs.
Furthermore, various 'Success Stories' are acknowledged and appreciated by the forum in a special edition of the E-magazine
andonsocialmediaplatforms.
GIBF is an excellent platform to promote trade fairs from across the globe,where you are also come across the best trade fairs to
participateinandtobroadenyourbusinesshorizons.YoucanregisterforsuchtradefairsthroughGIBF.
GIBFhelpsitsmembersgetvaluableinformationofimportanttendersforbigprojects,contractsandprocurements.
The forum provides help, representation and guidance to companies or entrepreneurs in matters involving Government
AuthoritiesandAgencies.
GIBF is a one-stop centre for all business development activities and it is conﬁdent of opening up potentially important markets
aswellasgreatbusinessavenuesforitsmembers.
28

By 2008,he had a deep desire to establish a private company due to
economic inconsistencies and the damaging government policies
that affected the labor market.This dream was later achieved in the
year2018throughthoroughdedicationandhardwork.
Chayoue Energy Company Limited is a company dealing in imports
andexportsthatspecializesinthecommoditymarket.
The firm's services are not limited to sourcing and trading in the
commodity market such as Agro Products, e.g. sesame seeds, raw
cashew nut, coco beans, Shea nut, etc., but there are also other
serviceswhichinclude:
· Supply of solid minerals such as zinc ore,manganese ore,
leadore,fluoriteoreetc.
· Supplyofhaulagetruck.
· Supplyofdumptrucksforconstructionandminingsite
· Importofrenewableandsolarenergyproducts.
Challenges:
The smooth operations of Mr. Amanna's business have been
affected largely by insecurity and insurgence in Nigeria. Due to
Boko Haram and Fulani Herdmen operations, it has now become
difficulttotravelaroundthecountrytosourceforcommodities.
Kidnapping is another huge challenge and is also a big problem to
financial policy operations due to the dangers and risk to the cargo
being transported. The company has to provide escort services at
extracost.Thereisalsothethreatofthedriversabscondingwiththe
commoditiesintransit.
Excessive government interference in the foreign exchange market
isalsocausingalotofdamagetofiscalpolicies.
Expansionprogram:
As a commodity trading company, Chayoue Energy Company
Limitedaimsatthefollowinginthenearestfuture:
· Processing of raw materials: It intends to establish their
own manufacturing plants, processing raw cashew nuts
into finished goods, hulling sesame seeds and the
productionoffoodandbeverages.
· Achieving fleets of heavy duty trucks for the cargo
haulageservices.
· Procurement of mining sites, mining equipment and
crushingmachines
Establishing solar panels, battery manufacturing plants and
assembly plants.
Mr.Amanna Iheanyi Nwaguru is the CEO of Chayoue Energy Company
Limited. He belongs to the Igbo tribe, who were the victims of
Nigeria'scivilwar.Growinginawardamagedregionwasdevastating
for Mr. Amanna and his family; his late father was a banker, while his
mother would join him after school hours. The civil war was a pre-
mediated genocide,targeted at his tribe (The Igbo tribes of southeast
partofNigeria),accordingtoMr.Amanna.
Back then, basic social amenities were not available, which were
needed to sustain human existence. Mr. Amanna recalled that the
streets would be filled with rag tagged kids running up and down the
block,andhousesandmolderosioneatenroadswereeverywhere.To
add to these grave problems, there was no electricity, and the daily
conveyance for travelling a long distance was a bicycle. As young
children, Mr. Amanna and his siblings and cousins were trained to
ride on a giant bicycle when they were just 6 years old. The odds to
survive were being pinned on them by their parents, as the infant
mortalityratewasquitehighbackthen.
Mr. Amanna's father was one of the favored men of their village
because his services to the colonial white masters gave him a good
recommendation to regain his job at the bank. Lagos was the most
flourishing part of Nigeria back then. Hence, they were able to gain
education. However, their hardship was further increased, when in
the year 1990, his father voluntarily retired from the Africa
Continental Bank, because the bank, which was an Igbo programed
bank,was looted by the military government,forcing the bank to shut
down.
This tragedy made Mr. Amanna and his siblings and cousins look
after his mother's business with a bid to give a family of nine children
and over twelve cousins a stable livelihood.The elders would survive
off the children who were called up to join the trade soon after their
business started catering for buyers of African delicacy recipes from
different countries. It is during this time that Mr. Amanna was able to
develop the skills required in making sound trade decisions. By the
year 1999, he was skilled in export business and sourcing of raw
materials for local market and industries in Nigeria. In the year 2005,
Mr. Amanna became a sourcing agent for some commodity trading
companies.
Mr. Amanna Iheanyi Nwaguru ,
CEO of Chayoue Energy Company Limited
29

TogoTogo
Togo, officially the Togolese Republic (French: République togolaise), is a
country in West Africa bordered by Ghana to the west, Benin to the east
and Burkina Faso to the north. The sovereign state extends south to
the Gulf of Guinea, where its capital Lome is located.
In 1884, Germany declared a region including present-day Togo as a protectorate called
Togoland. After World War I, rule over Togo was transferred to France. Togo gained its
independence from France in 1960. In 1967, Gnassingbe Eyadema led a successful
military coup d'état after which he became president of an anti-communist, single-party
state. Eventually, in 1993, Eyadéma faced multiparty elections, which were marred by
irregularities,andwonthepresidencythreetimes.
At the time of his death, Eyadéma was the
longest-serving leader in modern African
history, having been president for 38
years.In 2005, his son Faure Gnassingbé
was elected president. Togo is a tropical,
sub-Saharan nation, whose economy
depends highly on agriculture, with a
climate that provides good growing
seasonsWhiletheofficiallanguageis
French,manyotherlanguagesarespoken.
The largest religious group consists of those
with indigenous beliefs, and there are
significant Christian and Muslim minorities.
Togo is a member of the United Nations,
African Union, Organisation of Islamic
Cooperation, South Atlantic Peace and
Cooperation Zone, Francophonie, and
EconomicCommunityofWestAfricanStates.
Togo Game
Football (soccer) is the most popular sport inTogo,and the country has enjoyed
international success. Togolese also enjoy boxing. In the late 1990s super
middleweight Zafrou Balloqou was ranked in the world's top 10, and Yacoubou
Moutakilou and Abdoukerin Hamidou also have found success in the ring. The
country competes internationally in tennis and in African Traditional Wrestling
as well. Standout tennis players include Komi and Gérard Loglo, who
representedthecountryatthe1999.
Togo covers 57,000 square kilometres (22,008 square miles),making it one of the smallest
countries in Africa, with a population of approximately 7.9 million, as well as one of the
narrowest countries in the world with a width of less than 115 km (71 mi) between Ghana
anditsslightlylargereasternneighbor,Benin.
From the 11th to the 16th century, various tribes entered the region from all directions.
From the 16th century to the 18th century, the coastal region was a major trading center
for Europeans to purchase slaves,earningTogo and the surrounding region the name "The
SlaveCoast".
infocus
30

Economy
Naturally Rich
Togo has a tropical climate. In the south the rainy seasons
occur from mid-April through June and from mid-
September through October. The narrow coastal zone,
which receives about 35 inches (890 mm) of precipitation
annually,isthedriestregion.precipitation—about70
(1,800 mm) annually.The north has only one rainy season,
when precipitation averages about 45 inches (1,150 mm),
mostly falling from June to the end of September; during
the rest of the year the warm, dry harmattan(a dust-laden
wind)predominates.
RENEWABLE ENERGY
In 2008, Togo generated 0.16 billion kilowatt-hours of electricity from an installed capacity
base of 85 megawatts.The top 2 energy sources overall were Hydroelectricity (78.82% of total
capacity)andConventionalThermal(21.18%).
In 2008,Togo produced 0 quadrillion BTUs (QBTUs) of primary energy, a decrease of 0 QBTUs
overtheprioryearandacompoundgrowthrateof2.1%overa5yearperiod.
Primary energy consumption meanwhile increased by 8.11% over the prior year to 0.04
QBTUs,equating to 7.03 million BTUs per capita which placesTogo into the 83rd percentile of
countriesworldwideforpercapitaprimaryenergyconsumption.
Total renewable energy capacity accounts for 78.82% of this total installed capacity base
whilstrenewableenergysourcesexcludinghydropoweraccountfor0%.
The economy of Togo has struggled greatly. The International Monetary Fund (IMF) ranks it as the tenth
poorest country in the world, with development undercut by political instability, lowered commodity
prices, and external debts. While industry and services play a role, the economy is dependent on
subsistenceagriculture,withindustrializationandregionalbankingsufferingmajorsetbacks.
MainIndustries- phosphate mining, agricultural processing, cement, handicrafts, textiles, beverages
GDP –By Sector- Agriculture(28.1%),industry(21.6%),service(50.3%)(2019)
Exports- $1.002 billion (2019)
Exports- commodities : re exports, cotton, phosphates, coffee, cocoa
Exports - partners - Benin 17.5% ,BurkinaFaso 15.9%,India 7.6%,Mali 7.2%,Niger 7%,Côted'Ivoire
6.1%,Ghana 4.8% ,Nigeria 4.3% (2018)
Imports- $2.009 billion (2019)
Imports- commodities: machinery and equipment, foodstuffs, petroleum products
(Imports – Partners- China 22.9% ,Belgium 20.3% ,Netherlands 11.9%,France 6.6%,
India 4.8%,Singapore 4.4% (2019)
31

Culture
Togo's culture reflects the influences of its 37
tribal ethnic groups, the largest and most
influential of which are the Ewe, Mina, and
Kabye . French is the official language ofTogo,
but many native African languages are
spoken there as well. Despite the influence of
Western religion,more than half of the people
of Togo follow native animistic practices and
beliefs.
Ewe statuary is characterized by its famous statuettes which illustrate the worship of the twins,the
ibéji. Sculptures and hunting trophies were used rather than the more ubiquitous African masks.
The wood-carvers of Kloto are famous for their "chains of marriage":two characters are connected
by rings drawn from only one piece of wood. The dyed fabric batiks of the artisanal center of Kloto
represent stylized and colored scenes of ancient everyday life. The loincloths used in the
ceremoniesofthetisserandsofAssahounarefamous.
Transportation
Although Togo has a railroad network, there are currently no passenger train
services in operation.There is a south-north route from Lome to Cinkasse that
is served by a large, air-conditioned bus known as the Climatize Bus.
Otherwise, there are no buses in the usual sense operating in Togo. For every
other destination that requires long distance travel, you should seek out a
'bush taxi'. These taxis are usually private cars, or sometimes minivans
depending on the popularity of the route. The fare is charged per passenger,
and cars leave when full,or you can hire the entire vehicle for your journey,but
expecttopaymore.
Air Togo was an airline headquartered in Lome in Togo. Operational between 1998 and 2000, it served as
the country's flag carrier, operating flights between Togo and France, as well as to neighbouring countries
inWestAfrica,outofitsbaseatLome–TokoinAirport.
32

Investment in Togo
Productive Promotion and Attraction of Foreign Investment Law
What are the benefits for new investments in basic industries?
Despite gradual opening to the global market, FDI is only allowed in certain sectors. According to the
UNCTAD's World Investment Report 2019, FDI inflows increased from USD 88 million in 2017 to USD
102 million in 2018. The FDI stock amounted to USD 1.7 billion in 2018 and represented 33.4% of
Togo'sGDP.Foreignownershipoflandisrestrictedandcapitaltransactionsaresubjecttogovernment
control or approval. FDI inflows inTogo are particularly weak and unstable in recent years. Improving
the business environment and launching power plant construction projects should facilitate an
increase in FDI in the coming years.Togo has a free trade zone,which has attracted 62 companies and
employs more than 12,000 people. In addition, the country adopted a new mining code in February
2017, which aligns local standards with those of UEMOA (Economic and Monetary Union of Central
Africa
Togo's economy has been expanding for several years after a long period of political and economic
isolation in the late 1990s and early 2000s. Togo has implemented various business reforms and
completed several large infrastructure projects to make the country more attractive to foreign
investment. The government's goal is to leverage the country's geographic position by transforming
Lome into a regional trading center and transport hub.Togo has completed hundreds of kilometers of
refurbished roadways, and expanded and modernized the Port of Lome. In addition, several new
luxury hotels have recently opened and the government inaugurated in April 2016 the new Lome
international airport that conforms to international standards. In September 2017, the government
established the Business Climate Unit (CCA), which aims to “put in place the optimum conditions for
the effective implementation of reforms”. The CCA is composed of a national coordination and three
committeesdedicatedtothepublicandprivatesectorsandcivilsociety.
Togo's economy has been expanding for several years after a long period of political and economic
isolation in the late 1990s and early 2000s. Togo has implemented various business reforms and
completed several large infrastructure projects to make the country more attractive to foreign
investment. The government's goal is to leverage the country's geographic position by transforming
Lome into a regional trading center and transport hub.Togo has completed hundreds of kilometers of
refurbished roadways, and expanded and modernized the Port of Lome. In addition, several new
luxury hotels have recently opened and the government inaugurated in April 2016 the new Lome
international airport that conforms to international standards. In September 2017, the government
established the Business Climate Unit (CCA), which aims to “put in place the optimum conditions for
theeffectiveimplementationofreforms”.
In 2017 Togo exported
$1.63B, making it the 135th
largestexporterintheworld.
During the last five years the
exports of Togo have
decreased at an annualized
rate of -7.6%,from $1.83B in
2012 to $1.63B in 2017.Togo
imported $8.15B, making it
the 103rd largest importer in
the world. During the last
five years the imports of
Togo have decreased at an
annualized rate of -2.4%,
from $9.2B in 2012 to
$8.15Bin2017.
Bilateral trade between
India and Togo grew from
US$505 million in 2011-12
to $884 million in 2014-15.
Trade declined slightly to
$757.28 million in 2015-16.
India exported $532.19
million worth of goods to
Togo, and imported $225.09
millionin2015-16.
Experience &
Discipline
SMARTER
INVESTING:
INDIA TOGO TRADE
RELATIONS
Consulate General
Of Togo
D.4/6, Block-D
Vasant Vihar
New Delhi 11 00 57
India
IMPORT-EXPORT
33

The fishing industry includes any industry or activity concerned with
taking, culturing, processing, preserving, storing, transporting, marketing
or selling fish or fish products. It is defined by the Food and Agriculture
Organization as including recreational, subsistence and commercial
fishing, and the harvesting, processing, and marketing sectors. The
commercial activity is aimed at the delivery of fish and other seafood
products for human consumption or as input factors in other industrial
processes. Directly or indirectly, the livelihood of over 500 million people
indevelopingcountriesdependsonfisheriesandaquaculture.
Therearethreeprincipalindustrysectors:
The commercial sector: comprises enterprises and individuals
associated with wild-catch or aquaculture resources and the
various transformations of those resources into products for
sale. It is also referred to as the "seafood industry", although
non-food items such as pearls are included among its
products.
The traditional sector: comprises enterprises and
individuals associated with fisheries resources from which
aboriginal people derive products in accordance with their
traditions.
The recreational sector: comprises enterprises and
individuals associated for the purpose of recreation,sport or
sustenance with fisheries resources from which products
arederivedthatarenotforsale.
SECTOR REVIEW - FISHING INDUSTRY
Environmental impact of fishing
Sectors
Overfishing has also been widely reported due to
increases in the volume of fishing hauls to feed a
quickly growing number of consumers. This has led
to the breakdown of some sea ecosystems and
several fishing industries whose catch has been
greatly diminished. The extinction of many species
has also been reported. According to a Food and
Agriculture Organization estimate, over 70% of the
world's fish species are either fully exploited or
depleted. According to the Secretary General of the
2002 World Summit on Sustainable Development,
"Overfishing cannot continue, the depletion of
fisheries poses a major threat to the food supply of
millionsofpeople."
The cover story of the May 15, 2003 issue of the
science journal Nature – with Dr. Ransom A. Myers,
an internationally prominent fisheries biologist
(Dalhousie University, Halifax, Canada) as the lead
author – was devoted to a summary of the scientific
information. The story asserted that, as compared
with 1950 levels,only a remnant (in some instances,
aslittleas10%)ofalllargeocean-fishstocksareleft
in the seas.These large ocean fish are the species at
the top of the food chains (e.g., tuna, , amongcod
others). This article was subsequently criticized as
being fundamentally flawed, although much debate
still exists (Walters 2003; Hampton et al. 2005;
Maunder et al. 2006; Polacheck 2006;Sibert et al.
2006) and the majority of fisheries scientists now
consider the results irrelevant with respect to large
pelagics(theopenseas).
34
Overfishing
The environmental impact of fishing includes issues such as the
availability of fish, overfishing, fisheries, and fisheries management; as
well as the impact of industrial fishing on other elements of the
environment, such as by-catch. These issues are part of marine
conservation, and are addressed in fisheries science programs.
According to a 2019 FAO report, global production of fish, crustaceans,
molluscs and other aquatic animals has continued to grow and reached
172.6 million tonnes in 2017, with an increase of 4.1 percent compared
with 2016.There is a growing gap between the supply of fish and demand,
dueinparttoworldpopulation growth.
The journal Science published a four-year study in November 2006,which
predictedthat,atprevailingtrends,theworldwouldrunoutofwild-caught
seafood in 2048. The scientists stated that the decline was a result of
overfishing,pollution and other environmental factors that were reducing
the population of fisheries at the same time as their ecosystems were
being annihilated. Many countries, such as Tonga, the United States,
AustraliaandBahamas,andinternationalmanagementbodieshavetaken
stepstoappropriatelymanagemarineresources.

Shark finning
Shark finning is the act of removing fins from sharks and discarding
the rest of the shark.The sharks are often still alive when discarded,
but without their fins. Unable to swim effectively, they sink to the
bottom of the ocean and die of suffocation or are eaten by other
predators.Though studies suggest that 73 million sharks are finned
each year, scientists have noted that the numbers may actually be
higher, with roughly 100 million sharks being killed by finning each
year. The deaths of millions of sharks has caused catastrophic
damagetothemarineecosystem.
Shark culling is the killing of sharks in government-run "shark
control" programs.These programs exist to reduce the risk of shark
attacks — however, environmentalists say that they do not reduce
the risk of shark attacks; they also say that shark culling harms the
marine ecosystem. Shark culling currently occurs in New South
Wales, Queensland, KwaZulu-Natal and Reunion. Queensland's
"shark control" program killed roughly 50,000 sharks between
1962 and 2018 — Queensland's program uses lethal devices such
as shark nets and drum lines. Thousands of other animals, such as
turtlesanddolphins,havebeenkilledinQueenslandasbycatch.
Shark culling
Fisheries Industry
India being a peninsular country has a far-stretching coastline. It is
surrounded by water on the east,west,and south coasts.As a result
there is abundant fishing in India. The fisheries industry in India is
huge. With its vast coastline, India is the fourth-largest producer of
fish in the world. This is mainly because nearly 10 million people
residing in more than 4,000 coastal regions are engaged in fishery
activity. These people are mainly dependent on fisheries to earn a
living.
India holds great potential for both inland and marine fishing. It has
huge reservoirs for fishing. The fisheries industry heavily
contributes to the Gross Domestic Product of India. The fisheries
industry is responsible for filling the Indian exchequer with about
$70 million per annum. Massive production and export has made
thefisheriessectoranessentialpartoftheIndianeconomy.
Though the fishing industry in India contributes heavily to the
GDP and is a valuable source of earning foreign currency for the
country, it still has a huge potential for export. Out of the total
area available for fisheries, a significant amount of area is left
unutilized.
In the recent past, the fisheries industry has been growing
considerably on a consistent basis. It has also caught the
attention of foreign investors. Several foreign investors are now
investing in the fisheries industry in India for its potential to offer
them immense returns. Another reason for the foreign investors
to invest in the industry is the easy availability of infrastructure
facilities.Theliberalizedpolicyofthegovernmentisanothervital
factor for the fisheries industry to attract new foreign
investments.
Some of the most prominent states and union territories
thatpromisehugepotentialsforinvestmentsinclude:
Goa: The state has a coastline of about 100 km and is rich in
marine wealth. Fisheries are the main economic activity of the
state. The fishing activity has given a big boost to the canning,
freezing, and fish processing industries in the state. These
industriesoffergreatinvestmentopportunities.
Kerala: The government of Kerala gives top priority to the
fisheries sector. The sector contributes the most to the state
government's revenue and brings in foreign exchange. The
government is keen to develop this industry further. There are
huge investment opportunities for investors in terms of
providing technological assistance to the local fishermen,
Why is the fishing industry important?
By fishing industry, I will assume you are referring to those
industries that rely on fishing activities to function. So what is the
importance of these industries? I will write with little references
however if you require a more detailed write up or an academic
articleonthistopic,pleaseletmeknow.
First on the list is Job Creation. understanding that the fishing
industry comprises of various aspect via production, processing,
marketing should be our starting point, all this aspects work
harmoniously to meet the objectives of the industry which centres
on making fish available to the teeming population. it thus employs
the services of man both skilled, semi skilled and unskilled in
accomplishing her goals. For instance some people launch into the
waters to catch fish, others receive the catch to either
preserve/process them, some people are specialist in ensuring the
fish get to the people who need them while other help in developing
tools that makes activities our contemporary era stress free by
developing modern fishing tools. all this people are in a way or the
other employed to carry out a specified task just because the
industryexist.
Income generation is another advantage.The services provided are
not for free. are they? of course not, they are given in exchange for
something either in kind or cash. the case has always been in favour
of the latter. it has not always been about an individual generating
income just by engaging in the industry, some nations have
recorded huge contribution from this industry to their gross
domesticproduction.
35

India has vast potential for fishes from both inland and marine
resources,due to its long coastline,huge reservoirs,etc. It is the fourth
largest producer of fish in the world. It is also the second largest
producer of inland fish. The contribution of fisheries to the GDP is
around 1.4%. From 0.75 million tons in 1950, the fishery sector has
grown to the production level of 6.4 million tons worth Rs. 3,20,000
million, and an export of nearly Rs. 70,000 million. Nearly 10 million
people, living in 4,000 coastal villages and more number of interior
villages,dependonfisheriestoearntheirlivelihood.
Development of brackish water and freshwater aquaculture has
tremendousscopeinIndia.Outofatotalareaavailableforculture,only
30% of fresh water area and 10% of brackish water area is utilized.
Huge production, consumption and export has made this sector an
important part of the Indian economy. The major thrust in fisheries
development has been focused on optimising production and
productivity, augmenting export of fishery products, generating
employment and improving welfare of fishermen and their socio-
economic status.The target is to increase the fish production from the
currentlevelof60lakhsMTstoabout95lakhsMTsby2020.
Foreign equity is permitted in the fish processing sector. Further, fish
processing projects with a minimum of 20% value addition can be set
up as 100% Export Oriented Units. All items can be exported freely
except for silver pomfrets of weight less than 300 gms.
But,India's substantial fishery resources are highly under-utilised and
it is widely recognised that there is immense potential to increase the
outputofthissector.
Best Fishing Related Business ideas
& Opportunities in 2020
Best Opportunities In Fishing Sector
Aquaculture Companies in India
36
AvantiFeedsLtd
Based inAndhra Pradesh,India,the Company is the dominant player
in India's aquaculture sector. The Company has five shrimp feed
manufacturing units and two shrimp processing and export units –
allISOcertified.ThelargestmanufacturerofshrimpfeedinIndia.
Spearheaded by Mr. Alluri Indra Kumar, the Company's day-to-day
operations are managed by an experienced and energetic team. Its
shares are listed on Bombay Stock Exchange Limited and the
National Stock Exchange of India Limited. The Company also
operates 4 windmills with a capacity of 3.2 MW at Chitradurga,
Karnataka.
ApexFrozenFoodsLtd
Commenced business operations in 1995, Apex Frozen Foods is one
oftheleadingProducersandExportersofprocessed,ready-to-cook,
shrimp in India. The brands owned by company Bay fresh, Bay
Harvest and BayPremium. It is the second among the top
aquaculturecompaniesinindia.
CoastalCorporationLimited
Coastal Corporation Limited (India), one of the leading producers
and exporters of high-quality Aquaculture seafood products across
the globe. The Company exports an extensive range of Shrimp
products to millions of consumers in U.S.A, Europe, Canada, UAE,
SaudiArabia,Australia,Hongkong,Korea,ChinaandRussia.
WaterbaseLtd
Waterbase Ltd. was established in 1993 as India's first fully-
integrated aquaculture company. It was initially set up in technical
association with LUXE, Taiwan, which is one of the world's largest
producersofprawnandfishfeeds.
ZealAqua
Zeal Aqua is a leading Aquaculture company with a production
capacity of 1500 tons of shrimp in the year 2015. It one of the largest
producers of shrimp in Gujarat. It is the Fifth Largest Aquaculture
CompaniesinIndia.
StartFarmingTilapiaFish
One option you have when it comes to starting a fishing related
business is to go intoTilapia fish farming.Tilapia fish is a fresh water
fish that lives in shallow streams, ponds, rivers, lakes and can
sometimebefoundinbrackishwater.
StartFarmingSalmonFish
If you are interested in starting a fishing related business, then you
should consider starting a salmon fish farm. Salmon fish farming is
perhaps one of the most lucrative fish farming businesses an
entrepreneur can start, but that does not rule out the fact that it can
sometimes be challenging especially if you don't live around coastal
areas where you can conveniently create a demarcation for
breedingyoursalmonfish.
StartaShrimpFarmingBusiness
Shrimpfarmingisanotherfishrelatedbusinessideathatanaspiring
entrepreneur can start in any part of the world. Shrimp farming is
known to be a profitable business and has evolved from small scale
toaglobalindustryinmostcountrieswhereitiscarriedout.
StartanOysterFarmingBusiness
There are loads of business opportunities in the fish and seafood
farming industry and oyster farming is one of them. Oyster is known
as one of the world's healthiest foods and is eaten in all the
continents of the world. Its antioxidant and anti-inflammatory
contentmakesitmostdesirablebythosewhoarecarefulabouttheir
cholesterolintake.
StartaCrayfishFarmingBusiness
Another profitable fishing related business that an aspiring
entrepreneur should consider starting is crayfish farming. Crayfish,
also known as crawfish, crawdads, freshwater lobsters, mountain
lobsters, mudbugs or yabbies, are freshwater crustaceans
resembling small lobsters. Its antioxidant and anti-inflammatory
contentmakesitmostdesirablebythosewhoarecarefulabouttheir
cholesterolintake.

ECONOMIC BILATERAL AGREEMENTS AND MOU's
The USA is India's most preferred trading partner for the year 2019-20.As of 2019-20,
the bilateral trade value between India and the USA was at $88.75 billion which
increasedfrom$87.96billionintheyear2018-19.
This trade surplus, which India shares with very few countries, just goes on to show
that the economic and trade ties between the two countries is going from strength to
strength.
China was India's top trading partner till the year 2017-18. However, the USA
surpassedChinatogainthetoppositioninIndia'slistoffavourabletradepartners.
ThereasonforChinabeingtoppledbytheUSAwasanincreasinganti-Chinasentiment
among the citizens of both the countries. Also, India has had strained border relations
withChinawhichhasaddedfueltofire.
India will now frame quality guidelines and regulations to make sure that products of
top quality are imported from other countries except China and this would also boost
thedomesticbusinesses.
The reason behind growing relations between India and the USA is because of the
increaseinthepopulationoftheIndiandiasporaintheUSAasIndiansintheUSAwould
prefertobuyIndiangoods.
INDIA AND EU BILATERAL TRADE AGREEMENT
th
The15 summitbetweenIndiaandtheEuropeanUnion(EU)washeldonJuly15,2020.
Thissummitwasvirtuallyheldforthefirsttime.
India and the EU signed a civil nuclear cooperation agreement and this summit is
expected to give a boost to revive free trade talks between the two parties after seven
long years because India wants to find more economic trading partners and wants to
reduceitsdependenceonChinafortrade.
A bilateral investment treaty will also take place between the two parties as India has
akeeninterestintheEU'scapitalandtechnology.
India and the EU will conduct nuclear research activities under the civil nuclear
agreement and these activities will be targeted at sectors like medicine,environment
andwateramongothers.
The EU is one of the largest sources of Foreign Direct Investment (FDI) for India.
This will further enhance trade opportunities between the two parties.
INDIA AND USA BILATERAL TRADE AGREEMENT
India and the South African Customs Union (SACU) enter into Preferential Trade
Agreement (PTA) which is an agreement that gives preferential access to certain
countriesovertheproductsofanothercountrywiththehelpofreducedtariffs.
In 2019-20 the value of trade conducted between India andAfrica on the whole was at
$66.7 billion whereas India's trade with South Africa was nearly $10.9 billion alone
andcouldexpandevenfurtherinthefuture.
During the challenging times of COVID-19,the SACU could widely be benefitted from a
vast$2.9trillioneconomylikeIndia's.
Mining is a sector of particular interest to India as Namibia is a rich source of minerals
andpreciousmetalslikeuranium,diamonds,copper,phosphate,etc.
And India being the hub of IT and having achieved a powerful position in sectors like
EngineeringandPharmaceutical,couldhelpNamibiainalotofareas.
37
INDIA AND USA BILATERAL TRADE AGREEMENT

ComorosComoros
infocusThe Comoros officially the Union of the Comoros
(Comorian: Udzima wa Komori, French: Union des Comores,
Arabic: al-Ittiḥād al-Qumurī / Qamarī), is an island country in
the Indian Ocean located at the northern end of the Mozambique
Channel off the eastern coast of Africa between northeastern
Mozambique, the French region of Mayotte, and northwestern
Madagascar.
The population, excluding Mayotte, is estimated at 832,322. As a nation formed at a
crossroads of different civilizations, the archipelago is noted for its diverse culture and
history.The archipelago was first inhabited by Bantu speakers who came from EastAfrica,
supplementedbyArabandAustronesianimmigration.
The sovereign state is an archipelago consisting of three major islands and numerous
smallerislands,allinthevolcanicComoroIslands.
The major islands are commonly known by
their French names: northwestern-most
Grande Comore (Ngazidja), Moheli (Mwali),
and Anjouan (Nzwani). In addition, the
country has a claim on a fourth major island,
southeastern-most Mayotte (Maore), though
Mayotte voted against independence from
France in 1974, has never been administered
byanindependent
Comoros government, and continues to be
administered by France (currently as an
overseas department). France has banned
United Nations Security Council resolutions
that would affirm Comorian sovereignty
over the island. In addition, Mayotte
became an overseas department and a
region of France in 2011 following a
referendumpassedoverwhelmingly..
Comoros Game
Comoros played their first matches in the 1979 Indian Ocean Island Games. Those
weretheonlygamestheyplayeduntilqualificationforthe2009ArabNationsCupin
2006. Those two matches were their first two matches with full FIFA recognition,
and included a 4–2 victory over Djibouti. . In 2007, Comoros first entered
qualification for the World Cup and the Africa Cup of Nations for the 2010
tournaments,butlostinthepreliminaryround2–10onaggregatetoMadagascar.
The capital and largest city in Comoros is Moroni. The religion of the majority of the
population is Sunni Islam. As a member of the Arab League, the Comoros is the only
country in theArab world which is entirely in the Southern Hemisphere.At 1,660 km2 (640
sq. mi), excluding the contested island of Mayotte, the Comoros is the fourth-smallest
Africannationbyarea.
39

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