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Japanese investment in India gets boost


The thaw in India-Pakistan relations has helped to recede fears of a nuclear confrontation in the sub-continent and this has had a positive spin-off in changing how India is perceived among Japanese businesses and corporates,' according to Japan's envoy in India.

Japanese companies have been consistently for the last two years viewing India as a promising destination for investment and one contributing factor is a greater recognition today of India's economic fundamentals, ambassador of Japan to India, Mr. Yasukuni Enoki told reporters on Tuesday.

To cash in on this "second investment boom" after the first wave of investments witnessed in the mid-1990s, he said a number of high-power trade delegations are expected in India over the next three months, starting with the November 27-December 1 visit by the Japan Federation of Economic Organisations.



Group Apollo starts digital cinema network


Technologies like the Internet, satellite television, MP3 players, video iPods and digital cameras, have brought about a revolution in their respective domains. "Digital cinema is another destructive technology which will change the DNA of film distribution and exhibition in India. Film studios and production houses will henceforth factor digital cinema into their business plans," said Mr. Sanjay Gaikwad, CEO and executive director, UFO Moviez, a digital cinema network launched by Valuable Media Pvt. Ltd, and created by Group Apollo.

After having installed 100 special digital cinema halls in the country, UFO plans to setup 500 additional digital cinema halls with an investment of Rs 80 crores by mid-2006, which would be scaled up to 2,000 halls with an additional investment of Rs 300 crores in the future.

Digital cinema replaces’; the traditional optical print which uses'traditional film objectors using 35 or 70 thin optical prints for screening, with a digital print delivered via satellite. The film is stored on servers inside special digital cinema halls where powerful ' processors decode the film and project a pure digital picture on the screen. "With the highest level of encryption standards between the server and projector, movie piracy will be curbed. Additionally, film producers can release a film in more than 100 cinema halls simultaneously, doing away with the cost of transportation of optical prints which was a key factor in the delay of releases in B and C class cities," added Mr. Gaikwad.



Spicejet, Kingfisher tie up with Emirates


The Emirates-CAE Flight Training division has been awarded a contract for Boeing 737 and Airbus A320 pilot training by both SpiceJet and Kingfisher Airlines. The contracts were signed on Tuesday during the Dubai 9th International Aerospace Exhibition 2005 by Dnata & Associated Companies, Emirates Group, president Gary Chapman, SpiceJet promoter and director Mr. Bhulo Kansagra, Kingfisher Airlines chief executive officer Dr Vijay' Mallya and CAE's Group president Jeff Roberts.

Mr. Chapman said, "ECFT has established itself as one of the leading training facilities for the aviation industry across the Middle East, Europe, Africa and Asia and we are very pleased that our reputation has attracted the new Indian carrier SpiceJet, which looks set for a bright future." The pilot training will take place at ECFT in Dubai, which is jointly. Operated by Emirates and CAE under a long-term teaming agreement.

"The rapidly growing Indian aviation industry represents an important market for CAE," said Mr. Roberts. He added, "We are delighted to welcome SpiceJet to the family of carriers all over the world whose pilots CAE trains." The training programme for Kingfisher includes both instruction and simulator time for initial and recurrent training for pilots at the ECFT facility in Dubai. Pre-sent at the signing were Mr. Nigel Harwood, Kingfisher's chief operating officer. Emirates chairman HH Sheikh Ahmed bin Saeed, said, "I am very pleased to welcome King-fisher Airlines to our flight train-Indian carrier SpiceJet, which looks set for a bright future." The pilot training will take place at ECFT in Dubai, which is jointly operated by Emirates and CAE under a long-term teaming agreement.

"The rapidly growing Indian aviation industry represents an important market for CAE," said Mr. Roberts. He added, "We are delighted to welcome SpiceJet to the family of carriers all over the world whose pilots CAE trains." The training programme for Kingfisher includes both instruction and simulator time for initial and recurrent training for pilots at the ECFT facility in Dubai. Pre-sent at the signing were Mr. Nigel Harwood, Kingfisher's chief operating officer.

Emirates chairman HH Sheikh Ahmed bin Saeed, said, "I am very pleased to welcome King-fisher Airlines to our flight training facility. We can assure them of top-class pilot training using state-of-the-art facilities amid the safe and pleasant environment of Dubai."

ECFT is jointly operated by Emirates and CAE under a long-term teaming agreement. ECFT is part of the Airbus-CAE cooperation, which combines the two companies' expertise to provide increased access to training to customers around the globe.



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