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BANGALORE
NAT20National/Diplomacy/Immigration/BusinessGermany's Bangalore connection gets a visa-linkBy Maitreyee Boruah Bangalore, Nov 21 IANS The German consulate in India's tech hub formally inaugurated by Foreign Minister Frank Walter Steinmeier Friday caps over five decades of Bangalore's German connection. The consulate, now functioning from temporary premises, may see long queues for German visas from people of Karnataka and Kerala when it starts functioning soon. The visa section for all the southern states still remains with the German consulate in Chennai. The Bangalore consulate will take time to become a new German landmark in the city as it has to beat 'MICO' and Max Muller Bhavan, the two other German entities that are almost a household name in the Karnataka capital. MICO, the Motor Industries Co, has recently preferred to be known by its parent company's name, Bosch. But for millions of Bangaloreans and others in Karnataka, it is still MICO -- associated with the spark plug for motorcycles. MICO, when it was set up in 1951, was on the outskirts of Bangalore. Now it is part of the CBD central business district as Bangalore has grown miles and miles beyond the MICO factory. The Bangalore Goethe-Institut/Max Mueller Bhavan began functioning in 1960. Like other Max Muller Bhavans in India it offers language courses, organises cultural events and has a German Resource Centre. It functions from upscale Indiranagar area in Bangalore. An added attraction is 'CafxE9 Max'. The Bhavan advertises the cafe as "now open on the third floor of the Bhavan, endowed with a superb view and a unique ambience. The CafxE9 offers a mouthwatering range of German cuisine and bakery fare".The cafe is a popular hangout not only for the arty folk but for the young as well. Ahead of the consulate's opening, the Bhavan got a solar energy system installed by IBC Solar, one of the world's leading photovoltaic system providers from Germany. The company is planning to tap the Indian market for its product. "India is an important market to generate power from solar energy. IBC Solar has been working in the field of generating solar power for the last 26 years. As we are working out to start our Indian venture soon, we thought it appropriate to introduce our technology to Bangalore, one of the most happening places in India," said Udo Moehrstedt, founder of IBC Solar. IBC Solar is the latest German firm planning to set up shop in Bangalore, which is home to around 120 German or German-Indian joint ventures, according to the Indo-German Chambers of Commerce IGCC. "The availability of highly trained personnel and an enormous pool of technical and scientific specialists make Bangalore attractive for German companies. Special sectors here are the IT industry, mechanical engineering and the car and aerospace industry," said an official of IGCC, Bangalore. Besides MICO, other well known German companies which have manufacturing units or offices in Bangalore include SAP, Mercedes Benz Research, Nokia Siemens, Siemens and Metro Cash & Carry wholesaler. Bangalore and other parts of Karnataka are also favoured destination for German FDI foreign direct investment. In the financial year 2006-07 April to March, German FDI totalled Rs. 5.39 billion, with Karnataka receiving the second highest amount of Rs.1.4 billion. Delhi stood first with Rs.2 billion and Maharashtra third with Rs.1.18 billion. Talking to IANS ahead of the consulate opening, Evelin Hust, director of Goethe Institute/Max Mueller Bhavan, Bangalore, said: "Bangalore exudes great warmth because of its pleasant climate and charming people, most of whom are well qualified. Many of my relatives and friends have visited Bangalore after I came to the city two years back."--Indo-Asian News Service 668 Words**21111257
2008-11-21 03:00:00
Salvation Army goes hi-tech with credit card scanners on signature red kettles
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2008-11-20 05:19:16
Sonal Shah to craft Obama's hi-tech policy
Obama's Policy Working Groups that includes Sonal Shah of Google will craft incoming administration's high tech policy priorities.
2008-11-20 03:02:17
Sonal Shah to craft Obama's high tech policy
Obama's Policy Working Groups that includes Sonal Shah of Google will craft incoming administration's high tech policy priorities.
2008-11-20 00:00:00
Britney Spears - Womanizer - Parody
Please subscribe, comment, rate, favorite- and send to all of your friends.NEW MYSPACE! Add me: http://www.myspace.com/venetianprincessofficialMy Official Website...
2008-11-19 03:36:45
NEW YORK
INT6International/Business/EconomyUS stocks rally on energy, technology shares New York, Nov 19 DPA US stocks rallied at day's end Tuesday as energy and technology shares led the way and investors snapped up bargain basement prices. The three major indices closed up despite a drop in confidence among homebuilders that was the lowest since record-keeping began in 1985, Bloomberg financial news service reported. Hewlett-Packard Co jumped 14 percent as earnings topped analysts' estimates, while Exxon Mobil Corp climbed more than 4 percent. The US rally reflected worldwide share increases rally as London's FTSE 100 index added 1.85 percent, France's CAC 40 was up 1.11 percent and Germany's DAX rose 0.49 percent. "A number of industries' and sectors' stocks have fallen by huge percentages over the past year and appear to be at pretty attractive valuations based on historical measures," Dean Gulis, part of a group that manages about $2.5 billion for Loomis Sayles & Co in Bloomfield Hills, Michigan, was quoted as saying. The Standard & Poor 500 Index is down more than 41 percent so far this year and was headed for its worst year since 1931, in the midst of the Great Depression. Bloomberg news was projecting an 8.5 percent drop in full year earnings for companies in the index. The blue-chip Dow Jones Industrial Average climbed 151.17 points or 1.83 percent to 8,424.75. The broader Standard & Poor's 500 Index rose 8.37 points, or 0.98 percent, to 859.12. The high-tech Nasdaq Composite increased 1.22 points, or 0.08 percent, to 1,483.27. The US currency rose to 79.25 euro cents from 79.15 cents on Monday. Against the Japanese currency, the dollar climbed to 97.01 yen from 96.34 yen Monday.--DPA318 Words*19110645
2008-11-19 03:00:00
College security tighter, but is it enough
A year and a half after Virginia Tech, college students are demanding safer campuses. On several dozen campuses, campaigns are under way to allow the carrying of concealed weapons.
2008-11-18 03:14:28
U.S. scientist pleads guilty to China tech sales
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2008-11-17 15:14:17
Watching the hi-tech detectives
As fast as they delete one website selling credit card details, another pops up. How are identity thieves tracked
2008-11-17 07:21:14
Update: Police Arrest Man They Say Killed His Co-Workers At High-Tech Firm AHN
AHN - Police say they arrested a laid-off high-tech worker they say shot and killed three of his colleagues Friday. - Sun, 16 Nov 2008 15:12:11 GMT
2008-11-17 04:25:28