Bahrainthismonth.com July 2023 1 000000 A Special Supplement Celebrating India’s Independence Day on August 15, 2023 Brought to you by bahrainthismonth.com India in
As a Bahraini Citizen as well as an Overseas Citizen of India, I am proud to offer my sincere congratulations to the Republic of India on its 76th anniversary of independence. The world’s largest secular democracy, upholding the values of diversity, inclusivity, and democratic principles under the leadership of Hon’ble President of India, Smt. Droupadi Murmu and Prime Minister Narendra Modi, sets an inspiring example and remains a beacon of hope, harmony and progress for the global community. India’s commitment to safeguarding the rights and freedoms of its 1.3 billion citizens, speaking over 100 languages and practicing over 80 religions various backgrounds is commendable. As the country celebrates its rich heritage and cultural tapestry my fervent wish is that India’s democratic spirit continues to flourish, fostering unity and prosperity for generations to come. Jai Hind! Geroge F Middleton Chairman and Publisher
Bahrainthismonth.com August 2023 3 INDIA IN BAHRAIN CONTENTS Bolstering Ties Founding member and Vice Chairman of the Bahrain India Society, P.S. Balasubramanyam, shares his thoughts on the society’s role in bolstering ties between the two nations. 4 Talking Business Treasurer of Bahrain India Society, Vijay Boloor, is a serial entrepreneur, having spent more than 40 years in Bahrain. He speaks about his career and the society’s ability to open doors for budding businessmen. 13 Changing the World with Zeal Dr. Arun Praharaj’s speaks of his journey from a successful corporate professional to a diaspora leader in Bahrain. 6 Vegetarians Rejoice! You can now enjoy a Gujarati thali with over 20 delightfully delicious items at Delmon International Hotel. At the Forefront of Technology Almoayyed Computers Middle East (ACME) CEO, S.M. Hussaini, tells us about the company and its recent expansion in India. 22 23 A Self-Made Success Entrepreneur, business coach and philanthropist Tanima Chakravorty speaks to Farah Baig about work, personal beliefs and the greater impact she envisions for society. 7 All About Rickshaws! Kristian Harrison looks at one of the cultural cornerstones of Indian motoring, the rickshaw! 16 COVER India in Bahrain Special August 2023 Printing Press Union Press, Bahrain Published monthly by RED HOUSE MARKETING P.O. Box 20461, Manama, Kingdom of Bahrain Tel: (+973) 17 813-777 Email: [email protected] www.bahrainthismonth.com © Copyright Reserved 2005-2023 The concept, content, style and design of this publication remain the exclusive property of Red House Marketing (Jersey) Ltd. and must not be reproduced in any form whatsoever without prior written permission. Every effort has been made to ensure the accuracy of the information contained in this publication. However, Red House Marketing cannot accept legal responsibility for any error or omission. • Views expressed in this magazine by journalists and writers are not necessarily those of the publishers of Bahrain This Month. Licensed by the Ministry of Information Publication Code: TA001 ISBN 1 899 348 09 3 1 YEAR SUBSCRIPTION Bahrain: BD24 Gulf and international subscriptions available on request. THE TEAM Publisher and Chairman George F. Middleton Editor Farah Baig Assistant Editor Kristian Harrison Editorial Consultant Ahdeya Ahmed Print Production Manager Sabu Sebastian Art Director Hatem Monem Webmaster Nishad Eapen Production Manager Muna Yousef Staff Photographer Subeesh Kumar N S Administration and Finance Samson Vaz, Marlyn Ragasa Distribution Team CM Abdul Rahman, Gopal Arul Kumar Distributor Al Hilal Group (Hilal Direct Services) Media Sales Director Anuradha Manhas [email protected] Digital Media Executive Amina Syed [email protected] Media Executive Dheeptha Shetty DIGITAL & CONTENT MARKETING TEAM Digital Strategy Director Lini Reghunath Director of Film Danny Sokov Social Media Managers Shilu Babu, Rohit Reghunath
Bahrainthismonth.com 4 August 2023 India in Bahrain BOLSTERING TIES P.S. Balasubramanyam (known as Balu) has been instrumental in strengthening the bond between India and Bahrain. Kristian Harrison sat down with him to find out more about his role as a founding member and pioneer of the Bahrain India Society (BIS), and its role in bolstering ties between the two friendly nations. The BIS was established in 2008 as a non-profit organisation with the main objective of bringing closer ties of friendship and understanding between the peoples of Bahrain and India. It was founded by HE Abdulnabi Al Sho’ala and is presently chaired by Abdulrahman Juma. HE Piyush Srivastava, the former Ambassador of India to the Kingdom of Bahrain, serves as patron. “I am very proud to have been associated with BIS since its inception,” states Mr. Balu. “I was the Treasurer for 10 years and am currently the Vice Chairman, something I consider an honour. As part of our objectives, the society boosts co-operation in the fields of economic, commercial, cultural, sports and scientific fields.” The society’s dynamic board encompasses various professionals and hosts numerous events in coordination with the Indian Embassy and other prominent bodies in Bahrain, including the American Chamber of Commerce (AmCham), Bahrain Chapter of the Institute of Chartered Accountants of India (BCICAI) and other government bodies like the Economic Development Board (EDB). “Most recently, we signed a Memorandum of Understanding between the BIS and the Confederation of Indian Industry (CII) in March, the main objective of which is to promote industrial and business relationships,” he states. The BIS comprises 120 members, of which there are 15 corporate members and 105 individual members, which includes the board members, mentors, past chairmen and others. Corporate members are entitled to nominate five as representatives and members include both Bahraini and Indian businessmen, doctors, media, lawyers, educators, chartered accountants and other professionals. Membership brings a number of perks. For example, the BIS will host the profile of corporate members and individual members on the BIS website and provide special access codes so they can access other members’ profiles and develop contacts between them to network for their mutual benefit. Sponsorship and hosting of company services is also available. “We are currently finalising the details on introducing international benefits to the BIS,” Mr. Balu explains. “As well as aiming to get corporate sponsors like banks, insurance companies and large corporates on board, we will get reciprocal membership with the Indian Club in Dubai, the Bangalore Club, and the Gymkhana Club in India. Not only this, but we are working on getting special discount arrangements with other amenities such as five-star hotels clubs, premium credit cards, fine dining restaurants etc.” As part of its monthly activities, the society invites prominent speakers, including ministers, to give talks on subjects of interest to the members. “This does not just have to be business, but also knowledge building, wellness and other informative subjects. Recent examples of topics from the last year include the latest development in the country’s economy, insurance, banking, risk management, succession planning and will execution,” he says. “Finally, we are excited to have more interaction with the Bahrain Embassy in India, and a programme is in place with the Ambassador of Bahrain to India and the Indian Embassy in Bahrain for closer co-operation in commercial, cultural and sports activities which will include fun events for our members,” he adds. As one of the cornerstones of Bahrain-India relations, BIS is always looking for ways to improve that relationship, and there are exciting plans in the pipeline to achieve this. According to Mr. Balu, chief of these is pursuing the Double Tax Avoidance Agreement (DTAA) between Bahrain & India. The society is also currently developing relations between the Federation of Indian Chambers of Commerce & Industry (FICCI), the Institute of Chartered Accountants of India (ICAI), and other national organisations of India. “Having closer coordination between other entities in India about business opportunities available in India will allow us to disseminate these to the business community in Bahrain and provide opportunities. Creating awareness of the benefits of setting up companies in Bahrain for Indian businesses to take advantage of the Free Trade Agreement between the US and Bahrain is important to us,” he says. “Furthermore, it is important BIS Chairman, Abdulrahman Mohammed Juma Vice Chairman, P S Balasubramanyam
Bahrainthismonth.com August 2023 5 for us to facilitate businesses and enterprises from both countries. To do this, we will be holding a Bahrain-India Trade fair in the near future and we are putting the finishing touches on creating a ‘help desk’ for investors, in co-ordination with the Indian Embassy, which will offer extensive information about conducting business in either country,” he elaborates. Some of Mr. Balu’s other social commitments include being an executive member and internal auditor of the Indian Community Relief Fund (ICRF), providing aid and welfare services to Indian workers in the Kingdom. He was also the Chairman and a current mentor of the Bahrain Chapter of the Institute of Chartered Accountants of India (BCICAI). Contact Reem: Mobile No.: 38 311-166 Email: [email protected] BIS Membership Fees* TYPE OF MEMBERSHIP ONE TIME REGISTRATION ANNUAL MEMBERSHIP INDIVIDUAL MEMBERSHIP BD 100 BD 100 CORPORATE MEMBERSHIP (5 persons) BD 100 BD 400 From left to right: Mohammed Mansoor, Mohammed Alkhaja, V K Thomas, Kishore Kewalram, Abdulrahman Juma (Chairman) , P S Balasubramanyam (Vice Chairman), Talal Al Mannai, Zahraa Taher (General Secretary) , Vijay P Boloor (Treasurer), Harish Gopinath and Vinod Das *Conditions Apply India in Bahrain
Bahrainthismonth.com 6 August 2023 India in Bahrain Despite a humble background and limited means, his late father had made social work an innate part of his and his siblings’ childhoods. Perhaps, unknowingly, he had also nurtured Dr Praharaj’s giving spirit and his need to make a meaningful difference. Today, as the CEO of the Dadabhai Group of Companies and Founder of the Bahrain Odia Samaj, Dr. Praharaj has become an invaluable asset to the Kingdom’s expat community. His corporate success has not overshadowed his genuine desire to transform the lives of others. Throughout the COVID-19 crisis, he played a pivotal role in orchestrating relief efforts in close coordination with the Indian Embassy, including organising direct repatriation flights to Odisha, advocating for the rightful dues of distressed employees, and offering invaluable moral support to fellow Indian nationals facing hardships. A beacon of hope, he remains just a call or text away for any distressed Indian national in need. Hailing from the same district as Madam President Draupadi Murmu, the first indigenous President of India, Dr. Praharaj admits he finds her journey beyond inspiring. It motivated him further on his own path of service and helping all but especially those who came from his home-state, Odisha. “Simplicity and humility are trademarks of my community. At large, Eastern India is filled with ordinary souls with extraordinary dreams. It is these dreams that I am committed to igniting and empowering,” says Dr. Praharaj, now fuelled by his own dedication to create a positive impact on the world. His selfless efforts have earned him recognition and accolades, including being appointed as the Honorary Goodwill Ambassador for the Kingdom of Bahrain by the President of Vishva Odisha Foundation and Speaker of the Odisha Legislative Assembly, Dr. Surjya Narayan Patro. This appointment came as part of the Global Odia Awakening Campaign, an initiative to promote Brand Odisha and uplift the state. He was also awarded the prestigious Shrambandhu Samman – an honour bestowed upon him for giving his voice to the voiceless among the migrant community – by the Governor of Andhra Pradesh, Mr Biswabhusan Harichandan at the 9th Foundation Day of the Kalinga Bangalore Foundation during 2022. Furthermore, he has been honoured by numerous credible social Institutions such as the Interview Times - Top 20 Inspirational Personalities of Odisha, Living Legends of Odisha, Kalinga Gaurav Samman and the Shree Samman from the Parichay Foundation under the patronage of the Ministry of Culture, Government of Odisha. Apart from his humanitarian endeavours, Dr. Praharaj has focused on uniting the vibrant Odia diaspora in Bahrain. As the Vice President of the prestigious Bahrain India Art & Cultural Society, Chief Patron of Sanskriti, Bahrain and Founder Director of the Foundation of Global Odia Diaspora, he has brought together various global Odia associations under the stewardship of OSA-USA and OSUK-UK. Through vibrant exhibitions of handcrafted art from Odisha, cultural exchange programmes and celebrations like Odisha Day under the patronage of the esteemed Embassy of India, he has enabled a seamless flow of heritage and art between Bahrain and Odisha, bridging the gap between home and the host country for his community. “I am grateful to His Majesty and the Government of this beautiful island for the support and cultural freedom given to the expatriate community, truly imbibing the spirit of ‘Vasudhaiva Kutumbakam’- the world is one big family,” says Dr. Praharaj Dr. Praharaj’s relentless pursuit of social welfare stems from his determination to change the world, one life at a time. Inspired by his own experiences and the exceptional journey of Madam President, he stands as a remarkably compassionate man of his words. With a heart that knows no boundaries and a spirit that seeks to empower and uplift, Dr. Arun Kumar Praharaj is a true inspiration for all, driving positive change and making the world a better place for everyone living by the sole principle of ‘Service to humanity is service to God.’ CHANGING THE WORLD WITH ZEAL Dr. Arun Kumar Praharaj’s incredible journey from a successful corporate professional to a diaspora leader in Bahrain reflects his zeal to change the world through social upliftment and community welfare. Mr. Praharaj with Hon’ble President of India, Smt. Droupadi Murmu
Bahrainthismonth.com August 2023 7 A Self-Made Success Millennial community builder, entrepreneur, business coach and philanthropist Tanima Chakravorty speaks to Bahrain This Month about work, personal beliefs and the greater impact she envisions for society. The reputation of the Chairperson of Al-Barq Group of Companies, Tanima Chakravorty, precedes her. The wellaccomplished young woman has made her mark across several realms and is a highly active member of society. Ms. Chakravorty began her career as a finance professional and over time, transitioned into the role of running an electrical contracting and engineering company. “Following the unfortunate demise of my hero, my father, due to cancer, I undertook the role in Al-Barq as the Vice Chairperson,” says Ms. Chakravorty. Al-Barq offers a wide range of specialised services to meet the electrical needs of residential, commercial, and industrial clients. These services include electrical installation, energy management, electrical design and engineering, testing and inspection, automation and control systems, project management, emergency electrical services, and maintenance and repair. With years of valuable experience in the field, she developed an understanding of the technical and operational aspects involved in running a successful company. “I dedicated myself to undertaking relevant professional courses in the electrical engineering field, building a network and under the guidance of experienced electrical professionals and experts, I was able to demonstrate my capabilities in managing the affairs of Albarq. I am committed to upholding the legacy of my father and taking the company to new heights,” she says. She is also the Founder of Biolights which specialises in the development and production of innovative lighting solutions that resemble natural light. As a certified business coach, she is recognised by the International Coaching Federation of France (ICF), and is committed to helping individuals and businesses achieve their goals. As for her academic pursuits, Ms. Chakravorty has an MBA in Finance and is currently working towards obtaining a PhD in Finance from Boston University. “Beyond my professional and academic life, I am a trained classical dancer and my passion lies in creativity, art and humanity. I am interested in social and environmental issues and firmly believe in making a positive impact in the world and strive to contribute to causes that promote sustainability, equality, and social justice,” she says. She actively participates in various organisations dedicated to serving the community. Hence, she is a member of the Bahrain India Business Society and holds the role of Vice District Governor for Rotaract District 2452 Middle East. “During my journey with Rotaract Bahrain, I found a deep sense of fulfilment in working collectively as a team to create a bigger community impact. This resonated with my inherent nature of serving the community, particularly the underprivileged segment of society. As my involvement grew, I was honoured to be elected as the President of the club by its members,” she says. As a renowned philanthropist, she believes that effective philanthropy requires thoughtful planning, transparency, and collaboration with the intended beneficiaries and other stakeholders. “By strategically allocating resources and partnering with organisations that have expertise in the relevant areas, philanthropists can maximise the impact of their contributions and ensure sustainable change,” she says. Ms. Chakravorty recently received the Bahrain Kerala Samajam golden entrepreneur award for strengthening the India Bahrain relationship and was named ‘Woman of the month’ for the Bahrain Chapter of Institute of Chartered Accountants of India. She also received a business Elite award ‘40 under 40’ as the most influential entrepreneur in the Middle East and Europe. Imparting words of advice, she concludes: “To young women considering leadership roles or entrepreneurship, my advice is to believe in your capabilities and aspirations. Embrace your unique strengths and use them to your advantage. Furthermore, be willing to take risks and step out of your comfort zone. Lastly, never underestimate the power of continuous learning and selfimprovement.” India in Bahrain
Bahrainthismonth.com 8 August 2023 India in Bahrain AN ICON OF PROGRESS With a career in the Middle East spanning more than 40 years and as Bahrain’s sole recipient of the Pravasi Bharatiya Samman Award to honour Non-Resident Indians who have made an exceptional and meritorious contribution in their chosen field abroad, K.G. Baburajan is one of the most important Indian citizens in the Kingdom. Currently the Chairman and General Manager of BKG Holding, he sat down with Bahrain This Month to tell his story. How did you first arrive in the region? My career in the Middle East began in 1979 when I joined Al-Hoty Stanger in Saudi Arabia, a branch of Stanger, one of the oldest quality control testing and inspection services founded in the UK back in 1840. We set up a facility in Bahrain to work on the construction of the King Fahd Causeway, which was my first major project. I was then asked to join the company’s engineering department of standards, specifically the field of Foundation Design and Piling in Bahrain a couple of years later. What other projects have you been involved with? Which was the most challenging and why? I have also been involved in the construction of the Shaikh Khalifa Port, Alba, BAPCO, Bahrain International Airport Terminal modernisation, Almoayyed Tower, Shaikh Isa Bridge, Sitra Bridge and more. I would say the Causeway project was the most challenging one because that was the biggest project in the entire region at the time. Plus, it was at the beginning of my career so I was still constantly learning. As a proud recipient of the Pravasi Bharatiya Samman Award, how vital do you see the relationship between Bahrain and India, both on a national level and for the Indian diaspora in Bahrain? The relationship between the two countries goes back at least 5,000 years, so the connection was there already going back to the trade of spices and grain. In more recent times, because of the British rule in India, Bahrain acted like a link between Britain and India. Indians should be proud to have contributed so much to the development of this part of the world; and we are grateful to the Royal Family for giving us the opportunity for unrestricted professional growth and progress. What are your social commitments outside of business, particularly in the area of boosting relations? I believe that God has given me a certain privilege in life. I therefore feel that I should share that with people who are less privileged in all aspects, whether that is education, medical, social or any other way we can help rather than just finance alone. I have built houses for poorer people in Kerala and other parts of the world. What advice would you give to young engineers who are interested in a career in construction or who have recently graduated, particularly young Indians? I think the most important thing to remember is that you help to give a professional service to the country, wherever you are working. We should also uphold our tradition and culture of the country, which is India. The most important thing, I would say, is that they should be dedicated and responsible in their profession. Then, naturally, success will come. Never do something just for the sake of doing a job and earning some money. The passion should be there, and Bahrain is one of the best for working and opportunity if you work hard.
QEL-BAHRAIN BRANCH CR NO. : 76096-01 CRPEP LICENCE NO.: FB/192F AN INDEPENDENT LABORATORY FOR CONSTRUCTION MATERIAL TESTING, NDT AND GEOTECHNICAL CONSULTANCY Laboratory Location: Shed 9, Building 2189, Road 1529, Block 115, Hidd, Kingdom of Bahrain Tel.No. +973-17250333, Fax No. + 973-17243562 E - mbaki lg- ahd@mbiant@e lbc ok.gcho-mq e. bl .hc o m , www.qelonweb.com QEL-SURVEY SERVICE CR NO. : 154888-1 CRPEP LICENCE NO.: FB/194A– Surveying Engineering Engineering Survey Under Ground Utilities Survey Bench Marks Establishment As Built Survey Demarcation of Survey Points Bathymetric Survey OFFICE LOCATION : 2ND FLOOR ,FLAT NO. 118 & 121. BLDG. NO. 106,ROAD NO. 20, BLOCK NO.331, AL AHLI STADIUM COMPLEX , BUGAZAL /MANAMA ,KINGDOM OF BAHRAIN Tel.No. +973-17250333, Fax No. [email protected]
Bahrainthismonth.com 10 August 2023 India in Bahrain A VALIANT VISIONARY Founder and Managing Director of Amad Group of Companies, Pambavasan Nair, made a mark on every realm of society on his own steam. This month, we have the pleasure of introducing our readers to this acclaimed Industrialist, accomplished entrepreneur and renowned philanthropist. Mr. Nair holds on to this strong belief that you have to surpass every obstacle and achieve your goals with sheer hard work and determination. Having run his own business in the GCC for 25 years, he has grown to a very successful entrepreneur. Through his vision and expertise, he has built a large-scale factory equipped with the most advanced technologies in the Kingdom of Bahrain, thus becoming a significant contributor to the Kingdom’s economic growth. Notably, Mr. Nair is the first expatriate to establish a switchgear factory in Bahrain and the first Indian expatriate to do so in the Kingdom of Saudi Arabia. Making history, he achieved accolades from the rulers and ministry officials for contributing towards the commercial growth and development of Bahrain’s economy. There is no secret to success. It is the result of preparation, hard work and learning from failure.” Colin Powell “ The Road to Success Mr. Nair hails from a small village in Palakkad district in the Indian state of Kerala. His father, the late Madhavan Nair, was a farmer and his mother, late Smt. Chandra Amma, was a homemaker. He moved to Saudi Arabia in the year 1993 as a Sales Engineer wherein he was entrusted the position as Project and Showroom Sales Manager. In 1998, he ventured into business along with his close friend Radhakrishnan Khalayil and started a trading company called Amad Al Baeed Trading in Saudi Arabia. Going from strength to strength, the company earned a good reputation within the market in just two to three years. Following the company’s success in Saudi Arabia, its business expansion in Bahrain was initiated in the year 2001. Today, Amad Group of Companies has successfully completed 25 years of an incredible journey in the Gulf regions of Bahrain and Saudi Arabia. The group presently has four companies in Saudi Arabia as well as four companies in Bahrain with 400 employees spread across the eight companies. With his exemplary entrepreneurial skills, Mr. Nair nurtured the group into a professional business enterprise. Amad Group of Companies has an excellent track record in Bahrain and Saudi Arabia and have a significant roster of well-established clientele. They are the approved vendor of Aramco, SCECO, Royal Commission, SABIC, SATARA, SATROP, etc. in the Kingdom of Saudi Arabia. In the Kingdom of Bahrain too, Amad Group of Companies is approved at all private and public sector companies – a testament to their credibility. To their credit, in Saudi Arabia, they have in fact received a letter of appreciation from Aramco for their excellent commitment towards executing their timebound projects.
Bahrainthismonth.com August 2023 11 India in Bahrain The Finer Details Mr. Nair persevered through various struggles and endeavoured to establish his company which was not an easy feat. He credits the support of his outstanding team which strengthened the group’s techno-commercial capabilities to cater to the needs of diverse clientele while providing them with prompt services. In keeping with these needs, Mr. Nair planned and classified various divisions including Power Division, Distribution Division, Cable Division, Cable Management Division, Lighting Division, Oil and Gas Division, Earthing Division and a Lightning Protection Division - each headed by qualified engineering graduates. Amad Group excelled at every challenge and obstacle, and achieved their goals through sheer hard work and determination. Understanding the aspect wherein stands the need for professional companies to supply electrical project equipment and materials for major projects, he focused his effort on evolving Amad Group of Companies. Hence, it was scaled higher to a professionally managed group with a technically qualified, competent and committed sales team to handle the various requirements of clients while generating employment for many youths. The Amad team has garnered goodwill through their acclaimed professionalism and excellent services. It has been a long journey of 25 years where the management team of Amad Group achieved many milestones and gradually earned their incredible success. As an industrialist, Mr. Nair his journey began in the year 2007. He started his dream project, Ascon Control WLL, a full- fledged Switchgear Manufacturing Company in Bahrain. In 2021, the factory relocated to its own premises at Al Mazraa Industrial Park, Bahrain. Ascon Control WLL Bahrain is the first switchgear manufacturing factory established by an expatriate in Bahrain - a milestone achievement. The new building premises was inaugurated by Minister of Industry and Commerce, HE Zayed R. Alzayani, and the former ambassador of the Republic of India to the Kingdom of Bahrain, HE Piyush Srivastava. Ascon Control in Saudi Arabia became fully operational in the year 2010. Personal Life and Philanthropy Mr. Nair is immensely popular as a philanthropist in the GCC and in India. His activities are not just restricted to business, he is equally at the forefront when it comes to humanitarian efforts and avidly supports good causes. He has always been a part of social charitable causes irrespective of class, creed community and religion. He leads a simple life with his family on this beautiful island. His wife, Kala Nair, is from Mumbai Maharashtra and his daughter Dr Namrata is a university topper with gold medal from Amrita Institute of Medical Sciences Kochi. His son, Vighnesh, is currently pursuing Electrical Engineering at University of Nottingham, UK. Reflecting on his life in the Kingdom, Mr. Nair says: “This beautiful island called Bahrain has given me immense fame and recognition as an entrepreneur and as a philanthropist. I genuinely thank the great rulers for providing ample opportunities to the expatriate communities in terms of employment wherein we can accomplish our dreams. I’d also like to sincerely thank my large-hearted Bahraini brothers who have been so welcoming and warm towards us expatriates treating us always like one of them. The zing and the vitality which I derive from my work is way beyond any altitude to be measured and that keeps me going.”
Bahrainthismonth.com 12 August 2023 India in Bahrain ICICI Bank offers innovative financial solutions for Indians in Bahrain Bilateral relations between the Kingdom of Bahrain and India were established over 50 years ago. Today, over 350,000 Indian nationals reside in Bahrain - their home away from home. We learned about the innovative products and services that ICICI Bank Limited, Bahrain offers to these Non-Resident Indians (NRIs). ICICI Bank Limited launched retail and commercial banking activities in the Kingdom of Bahrain in 2007, three years after setting up an offshore banking unit in the Kingdom. Ever since, the Bank has been catering to various banking and financial needs of the NRIs living in the island country. The Bank has been providing improved convenience to its customers by continuous upgradation and introduction of new products and services, as well as expansion of its physical network. It has a branch in Manama and two service centres in Juffair and Dana Mall. The service centres provide services for all products offered by the Manama branch, except cash deposit and withdrawal. ICICI Bank Limited Country Head – Bahrain, Raghavendra Shenoy, believes that the Bank has gained the trust and confidence from the NRI community by providing customised products and services. “As the Bank continues to expand its operations, it recognises the importance of catering to the unique requirements of NRIs,” says Mr. Shenoy. The Bank’s dedication to serve NRIs is further exemplified by offering products and services which they can use in both India and Bahrain. “These offerings facilitate easy management of funds and enable NRIs to conveniently invest or save in India. We offer a suite of products and services for retail and private banking customers including savings and current accounts, fixed deposits, global money transfer or remittances, and investment in instruments like bonds and mutual funds for private banking customers” he states. “One of the most popular offerings is the ‘Loan Against Deposit’ facility which enables NRIs to avail loans against their deposits. This convenient facility allows customers to meet their financial needs without liquidating deposits,” he adds. NRIs can also take advantage of ICICI Bank’s home loan for properties in India – a unique offering which allows them to invest in property in India while living in the Kingdom. Similarly, they can make use of the 3-in-1 trading account in India. The Bank also offers a range of trade and transaction banking services to corporate clients. Notably, ICICI Bank recently expanded its reach in the Kingdom through the opening of a service centre at Dana Mall, Sanabis which is easily accessible for residents in the Central, Northern and Southern provinces. “This expansion enhances the Bank’s presence in the country. It also enables us to provide a seamless banking experience to customers in the vicinity,” he says. “Through its NRI products and ‘Loan Against Deposit’ offerings, the Bank has catered to the specific needs of the Indian community in Bahrain, making banking more accessible and convenient. As the Bank continues to innovate and redefine the banking landscape in Bahrain, it is poised to strengthen the economic ties and promote bilateral trade between these two thriving nations,” he concludes.
Bahrainthismonth.com August 2023 13 India in Bahrain TALKING BUSINESS Vijay Boloor is a serial entrepreneur, having spent more than 40 years in Bahrain. As a board member of the Bahrain India Society, he was recently elected as its Treasurer. He spoke to Bahrain This Month about his career and the BIS’ ability to open doors for budding businessmen. Could you give us a summary of your four decades in Bahrain? I came to the Gulf in 1977 and I started my career in Dubai working for the British Bank of the Middle East, which is now HSBC, until 1984. I originally came with another bank but quickly moved to another company, and since then I have been the Director of Gajria Holdings. My wife was born in Bahrain and I myself have been a Bahraini citizen for 20 years now. When did you know that you were an entrepreneur? I’ve always been interested in business. My father was involved in Bollywood with the legendary Mehboob Khan and I almost followed him into the industry as a script writer and director! However, that wasn’t my path and I knew my heart was set on entrepreneurship. What are your thoughts on doing business in Bahrain both as an expatriate and now as a Bahraini? Originally as an expatriate, businesses were restricted in terms of the percentage of business you could hold or even enter at all. Gradually, the Kingdom, thanks to the wise decisions of His Majesty King Hamad, have made it much easier; very few businesses are restricted no matter where you are from. This is a great thing in order to create jobs and opportunities in this wonderful country, and now expatriates can own businesses completely. They have the full confidence to put their money into the Kingdom. What advantage do companies have by operating in Bahrain compared to elsewhere in the GCC? Whilst we are aiming to open the GCC market to investors in Bahrain, or at least the opportunity to expand, Bahrain is much less expensive to establish a company thanks to its extremely business-friendly nature and it’s a great option to live here comfortably. You were recently elected as the Treasurer of the Bahrain India Society (BIS). What achievements have you accomplished so far? It’s my sixth year on the board and I am proud to have been elected as its Treasurer! We have a membership of 120 which includes both prominent members and company representatives. We have just signed a Memorandum of Understanding between the BIS and the Confederation of Indian Industry (CII), the main objective of which is to promote industrial and business relationships and facilitate investors on both sides. What is the main advantage of being a member of the BIS? The biggest advantage is networking. We host frequent talks with business leaders, government officials and ministers, giving people the opportunity to ask questions and learn about the business environment. You can expand your business through contacts, and there’s no other way to hold talks with a hundred CEOs at formal and informal dinners! Do you have any advice for expatriates who wish to set up a business in Bahrain? At the moment, what I like to call ‘new age’ businesses are booming. Financial and digital technology businesses are more likely to succeed as they don’t involve too much inventory or human resources. Of course, the passion and determination to work hard is just as important as the idea itself.
Bahrainthismonth.com 14 August 2023 India in Bahrain A MAN OF THE COMMUNITY SAARA Group Founder and Chairman, Mohammad Mansoor, is a veritable whirlwind of ideas and decisiveness. We explore his commendable achievements in business, sport and philanthropy. Driven by a clear head and a full heart, Mr. Mansoor strives ever forward in his business life and his personal goal of building communities. His passionate belief that everybody deserves a chance can easily be seen in his choices, prior to his meteoric rise to success, and through how he has wielded his growing influence. Saara Group is a massive Middle Eastern conglomerate headquartered in Bahrain, with ties around the world. It caters to a range of services across verticals and boasts a fine group of Strategic Business Units (SBUs) under its umbrella that it deploys according to the need of each client it works with. The Group’s portfolio includes industrial solutions which deliver construction services with a focus on Petrochemical Plants and Facilities, as well as renting and supplying specialised industrial equipment as well as handling industrial solutions. The Group has highly trained and certified staff capable of offering an unwavering quality of work in any situation. Mr. Mansoor has played a key role in bringing a multi-million-dollar investment to India through a US-based Triton EV manufacturing unit as well as a lithium battery plant. Furthermore, a commodity trading subsidiary based in UAE handles Oil and Gas trading as an Aramco and Saudi Basic Industries Corporation (SABIC) vendor. The group’s portfolio also includes the California-based JVKUSA E&P that has placed oil exploration into its roster. Playing to Win A passionate sportsman himself, Mr. Mansoor is involved in sports administration as Brave Combat Federation’s Vice President for India and South East Asia, President of KHK Cricket and Bahrain Cricket Federation’s Chairman of the Advisory board. Since its formation, the federation has used its strategic vision to help Bahrain’s men and women teams achieve spectacular success. His growing influence in international cricket circles is obvious from the fact that the Asian Cricket Council held their Executive Board meeting in the country with ACC President, Jay Shah, and other cricket board chiefs making their first visit to the Kingdom. He is also the man responsible for bringing one of the most iconic trophies to Bahrain as the Kingdom is a part of the ICC Men’s Cricket World Cup Trophy Tour. In fact, the trophy will be in Bahrain on August 12 and August 13. It’s an endeavour of mammoth proportions and it could have only been possible with someone who has garnered massive admiration in the sports community and has exceptional organisational skills to get it done. And, as demonstrated with the Bahrain Premier League in 2018, Mr. Mansoor has done it all before. Philanthropic Pursuits As VP of KHK Heroes Foundation, Mr. Mansoor spearheaded the assistance of economically vulnerable communities and expatriates throughout the kingdom during COIVD-19. He is closely associated with several reputable expatriate associations in the country and is a board member of the prestigious Bahrain India Society. He has been felicitated for exemplary community work by the BKS and KCA. The most notable among the awards that he has been conferred with, the Hind Ratan Award by the NRI Welfare Society, is his most cherished. Growing as a Community While the SAARA Group of today is a giant amongst regional businesses, the Chairman can think back to a time when he had ideas aplenty but lacked the resources to transform them into a working business. It is this understanding and sympathy that drives him to support multiple startups as a venture capitalist through the Group’s Investment and Project Finance arm. The company supports entrepreneurs by providing them not only with funding but also with counsel and experiential advice. Through this department, there is a focused interest in startups in the tech and healthcare fields. Mr. Mansoor with International Cricket Council Chairman, Greg Barclay, at their AGM in Durban, South Africa. Mr. Mansoor with HH Shaikh Nasser bin Hamad Al Khalifa and HH Shaikh Khalid bin Hamad Al Khalifa. Mr. Mansoor was honoured by KCA for his contribution to sports and international relations. The award was presented by Minister of Labour and Social Development, HE Jameel Bin Mohammed Ali Humaidan.
Bahrainthismonth.com 16 August 2023 The term ‘rickshaw’ originates from the Japanese word ‘jinrikisha’, which is ‘human-powered vehicle’ in Japanese. Indeed, it was there that the very first rickshaws were invented as a two- or threewheeled passenger vehicles with a doorless, chair-like body, generally pulled by one person carrying one passenger. The first rickshaw is documented as being created by Izumi Yosuke in 1869 at the onset of a technological boom in the country. In the late 19th century, hand-pulled rickshaws became an inexpensive, popular mode of transportation across Asia. Peasants who migrated to large Asian cities often worked first as a rickshaw runner, although it was one of the deadliest professions of the time due to the crippling exhaustion involved. Rickshaws first appeared in India in around 1880, first introduced in Simla by the Christian missionary, Reverend J. Fordyce. At the turn of the century they were introduced in Calcutta and by 1914 were a conveyance for hire. With the rapid advancements in technology in the early 20th century, pulled rickshaws quickly became obsolete as automated cars and trains became widely available. Furthermore, they were actually banned in numerous countries as a general consciousness about the treatment of the pullers grew and the obvious symbolism of class distinctions became an embarrassment. Enter the era of the auto rickshaw. The look will be familiar to anyone who has visited eastern Asia; a sheet-metal body or open frame resting on three wheels; a canvas roof with drop-down side curtains; a small cabin at the front for the driver operating handlebar controls, and a space at the rear for usually a maximum of three passengers. The Mazda-Go, a three-wheel open ‘truck’ released in 1931 is often considered the first of what became auto rickshaws. Numerous companies from across Asia began to develop their own version through the year, but in the modern market India is by far and away the largest manufacturer. Bajaj Auto alone the largest individual producer, sold 780,000 last year. Auto rickshaws provide cheap and efficient transportation throughout India. Modern auto rickshaws run on compressed natural gas (CNG) or liquefied petroleum gas (LPG) due to government regulations, which has seen a huge reduction in pollution in cities such as New Delhi and Kolkata. Furthermore, steps have been taken to make rickshaw travel safer for women in India. Many state governments have launched the Pink Rickshaw initiative, whereby women travel on pink rickshaws without the fear of being harassed or assaulted, with features such as a panic button and GPS tracking fitted as standard. Modern electric auto rickshaws, which run on electric motors and have high torque and loading capacity with better speed, are also gaining popularity in India. Many rickshaw drivers are moving to electric three-wheelers as the prices of CNG is very high and the government is also taking actions to convert current CNG and diesel rickshaws to electric rickshaws as part of the push for e-mobility through the national FAME-II scheme. As of the latest figures, in 2022 India has about 2.4 million battery-powered, threewheeled rickshaws on its roads. Some 11,000 new ones hit the streets each month, with the main hindrance to adoption being the paucity of charging stations. With only 2,800 currently in India, it’s clear that more work needs to be done to keep this Indian icon powering along. ALL ABOUT RICKSHAWS! As part of Bahrain This Month’s special India in Bahrain feature, Kristian Harrison looks at one of the cultural cornerstones of Indian motoring, the rickshaw! A ubiquitous staple of the country’s roads, they are the most popular form of motorised transports in towns and cities. motoring
Bahrainthismonth.com August 2023 17 India in Bahrain Since 1989, this life insurance provider has been helping NRIs achieve financial goals with unique insurance and saving plans. LIC International’s CEO & Executive Director, Debashis Prasad Pattanaik, highlights its important role and the future growth plans for the company. “Our robust experience in the region has resulted in a thorough understanding of the market, and LIC as a trusted brand in the life insurance space enjoys a significant market share in the region. The company is able to establish and maintain a strong brand connect with the Indian diaspora as its products are designed whilst keeping in mind the ethos of Indian financial habits,” says Mr. Pattanaik. “LIC has a competitive and need based plan for every stage of a person’s life cycle, beginning with Protection, Critical Illness cover, Savings, Child Education, Annuity, Retirement and Market linked investment plans. A customer can plan to achieve complete financial objectives with LIC International,” he adds. Recently, LIC has launched a Global Equity Market linked fund-based Investment Plan ‘Wealth Creator’, which offers NRIs the advantage of global market performance for higher yields on their investments. The unique advantage for NRIs with LIC’s products is the ability to diversify their investment into US dollars, a fundamental and increasingly attractive proposition. “In the long term, we are looking to prioritise and improve customer experience, with several initiatives in the pipeline at the company level. These include innovating and re-structuring our products and digitising the entire customer relationship for ease and accessibility during long term relations,” he explains. LIC had a niche market share in Capital Protected investment schemes, but with the recent addition of Equity linked plan, LIC has leveraged its product portfolio in all aspects of personal finance. Now a customer can diversify their investible funds through a combination of investment strategies based on the risk matrix of each customer with LIC International. “As an insurer our prime focus is to educate the customers and extend the seamless financial planning journey,” he says. “On this special anniversary of India’s 76th Independence Day, we extend a very happy Independence Day 2023 to all Indians residing in Bahrain and abroad. Today, let us make a promise to our motherland that we will do all we can to enrich and preserve its glorious heritage and to make India stronger for the future generations,” he concludes. LIC International – A Trusted Partner
India in Bahrain Bahrainthismonth.com 18 August 2023 The rocket, which translates to ‘moon craft’ in Sanskrit, took off from a launch pad in Sriharikota, an island in southern India, with an orbiter, a lander and a rover, in a demonstration of India’s emerging space technology. The spacecraft will embark on a journey lasting slightly over a month before landing on the moon’s surface later this month. Until then, the rocket is slowly boosting its orbit ahead of a final shot toward the moon. To do this, the spacecraft’s propulsion module completes an orbit-raising manoeuvre, with the engines firing at the spacecraft’s closest approach to Earth, raising its apogee, or the farthest point from Earth of its orbit. Chandrayaan-3 is seen as the crown jewel of the Indian Space Research Organisation (ISRO) and the mission is India’s second attempt to touch down on the moon, following the failed 2019 attempt made by the Chandrayaan-2 lander. On that occasion, it entered the lunar orbit but a software glitch caused it to lose touch with its lander, which crashed while making its final descent to deploy a rover to search for signs of water. The new mission has built on the lessons learned from the earlier landing attempt. If touchdown is successful, the mission lander and rover will collect science data on the surface for up to 14 Earth days (a single day on the moon). The six-wheeled lander and rover module of Chandrayaan-3 is configured with payloads that will provide data to the scientific community on the properties of lunar soil and rocks, including chemical and elemental compositions. A successful landing would make India the fourth country – after the United States, the Soviet Union and China – to achieve the feat. According to ISRO, the main objective of the mission this time was not studying the lunar surface, but rather simply a safe and soft landing on the moon. With India emerging as the world’s fifth-largest economy, its government is eager to show off the country’s prowess in security and technology. India is using research from space and elsewhere to solve problems at home. Its space programme has already helped develop satellite, communication and remote-sensing technologies and has been used to gauge underground water levels and predict weather in the country, which is prone to cycles of drought and flood. India is also looking forward to its first mission to the International Space Station next year, in collaboration with the US as part of recent agreements between presidents Narendra Modi and Joe Biden at the White House. This one-off visit by an Indian astronaut to the International Space Station will precede India launching its first astronaut from Indian soil on an Indian rocket in late 2024. India’s lunar exploration programme is on the verge of its greatest triumph yet as the Chandrayaan-3 rocket successfully blasted off on a mission to the moon last month. Making History
Bahrainthismonth.com August 2023 19 The highly anticipated Marhaba collection by the renowned watch brand Titan is now available in the Kingdom of Bahrain Titan Marhaba, the latest collection from the renowned watchmaker, is inspired by the culture, architecture, and people of the Middle East. Designed to reflect the fusion of faith and fashion, tradition, and modernity, the official launch of the highly anticipated collection took place in Dubai, UAE and is now available in the Kingdom of Bahrain through the official distributor, Kewalram. These timepieces for men and women are inspired by modern architecture, Arabic calligraphy and traditional motifs – details that are sure to be appreciated by the most discerning watch enthusiasts. The metal etched Mashrabiya pattern, lacquered sunray dial and premium crystals of the signature women’s watch, for example, are features certain to be appreciated; not to mention the versatile green hue. From the Arabic numerals to the stone settings, it is the intricate details and mesmerising colours of the women’s timepieces in this collection that personify the elegance of today’s Arab woman. The green dial of the signature men’s watch is also inspired by the Mashrabiya or carved latticework, a popular feature of traditional Arabic and Islamic architecture. In fact, the dial on all the men’s watches take inspiration from modern architecture, with a crescent-tipped central hand, and a mix of Arabic numerals and bold faceted indices for the hour markings, giving each watch a classic yet modern look. Prices start at BD 22. The Marhaba collection is now available at Kewalram retail outlets across Bahrain online marketplaces, and authorised retailers. The collection can also be found online at kewalrams.com. Marhaba, Bahrain! India in Bahrain
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