IBLF Ambassadorship for InCar director

 

Per April 1, 2010 Anand Ramkisoensing, Managing Director of Suriname based InCar Trust, has been appointed as Ambassador for the Caribbean for the International Business Linkage Forum (IBLF) for an initial term of two years.

IBLF is a global business platform for governments and companies to do business. IBLF aims to create a global business network that will facilitate its members to kick start new business ventures. IBLF relies on Quality rather than Quantity and follows the principle of Business through Friendship and Friendship through Business. It is in short a tool for businessmen to do business efficiently, effectively, exclusively, enterprisingly and economically; the five “E’s” of IBLF business principles.

The International Business Linkage Forum was established in 2003 with its first annual convention in Beijing, China. Subsequent conventions were held in Mumbai (India), Dubai (UAE), New Delhi (India), Zug (Zwitserland) and Johannesburg (South Africa). The seventh convention will be held in cooperation with the Government of Western Australia in Perth (Australia) on August 2-3.

More information on IBLF can be found at: www.iblforum.com.

InCar Group attends Commonwealth Business Forum 2009

InCar Group attended the Commonwealth Business Forum, held in Port of Spain, Trinidad from November 23 to 26, as sole delegates from Suriname. The 2009 Commonwealth Business Forum was held as part of the 2009 Commonwealth Heads of Government Meeting (CHOGM) in Trinidad & Tobago and attracted over 1,000 business and government leaders from over 50 countries.

The Forum promotes practices and policies for the enhancement of global trade and investment. It provides new opportunities for business networking and partnerships, drawing on the Commonwealth’s comparative advantage in areas such as services, information and communications technology, banking and financial services, manufacturing, agriculture and natural resources.

The Commonwealth Business Forum 2009 was opened by Trinidad & Tobago Prime Minister Patrick Manning and included speakers such as: HE Kamalesh Sharma (Commonwealth Secretary General), Prof. Joseph E. Stiglitz (2001 Nobel Prize Winner for Economics), Rt. Hon. Mohd Najib Abdul Razak (Prime Minister of Malaysia), Mr Rahul Bajaj (Chairman Bajaj Auto), The Hon Tillman Thomas (Prime Minister, Grenada), Michael Mansoor (Chairman, First Caribbean Bank), Suhas Gopinath (Chief Executive Officer, Globals Inc.), Chandrajit Banerjee (Director General, CII), Vijay Eswaran (Executive Chairman & CEO , QI Ltd), Amb Luis Fernando Andrade Falla (Secretary General, Association of Caribbean States) and The Rt. Hon. Hubert Alexander Ingraham (Prime Minister, The Bahamas).

InCar Group attends India Calling 2009

InCar Group attended the India Calling 2009 conference in Brussels, Belgium. Organised by the Indian Merchant's Chamber, the European Indian Chamber of Commerce and the Belgo-Indian Chamber of Commerce & Industry. The aim of the conference is to build all-round strategic business partnership between India & the EU and to project India and the EU as attractive investment destinations with unlimited trade and business opportunities.

About 300 businessmen, entrepreneurs as well as government officials from the European Union and India met in Brussels for three days (Sept 30-Oct 2) to debate and discuss how to expand and boost trade and commercial ties between the two sides. The conference was inaugurated by the Minister for Overseas Indian Affairs, Vaylar Ravi and Belgian Foreign Minister Yves Leterme. Speakers at the conference includeg Belgian Economic Minister Vincent Van Quickenborne, well-know diamond merchant Baron Dilip Mehta, chairman of Janssen Pharmaceutica Baron Ajit Shetty, Member of European Parliament Nirj Deva and many others.

InCar Group assisted on behalf of Indian Merchant's Chamber to attract Dutch delegates and speakers for the conference.

InCar Group featured in United Magazine

Paramaribo, Suriname 26/09/2009 - InCar Group and its Suriname partner SRA have been featured in Suriname business magazine United. In a four page article the partners tell about their cooperation for the Wyndham Garden Paramaribo project and the advantages their further partnership has brought them.

United is published twice yearly and is distributed in Suriname, The Netherlands and Aruba.

InCar Group attends Global India Business Meeting 2009

InCar Group attended, as only delegate from Suriname, the inaugural Global India Business Meeting that was held in Munich, 28-29 June 2009. Organised by Horasis, the co-hosts were the Federation of Indian Chambers of Commerce and Industry (FICCI) and the State of Bavaria, with Messe München International and VBW (the Bavarian Business Association). The Global India Business Meeting aims to be the foremost annual gathering of Indian business leaders and their global counterparts. The event was open to Chief Executive Officers of the world's leading companies. The event was intellectually supported by a set of partner firms led by the Strategic Foresight Group, Mumbai.

Anand Sharma, the new Union Minister of Commerce and Industry, represented the Indian government at the meeting, where participants gathered to deliberate under the theme 'Overcoming the Crisis - Opportunities for India'.

The meeting was held at a critical time, coming less then a month after the formation of the new Indian government. The meeting facilitated dialogue that allowed participants to fully explore the unique opportunities that India has at its doorstep in this new global arena.

Public Figures who attended included Chhagan Bhujbal, Deputy Chief Minister, State of Maharashtra, India; Neena Gill, President, European Parliament Delegation for Relations with India, Belgium; Supachai Panitchpakdi, Secretary-General, UNCTAD, Switzerland; Anand Sharma, Union Minister of Commerce and Industry, Government of India; Arun Shourie, Former Minister of Disinvestment, Communication and Information Technology, India; N.K. Singh, Deputy Chairman, Planning Commission, Government of Bihar, India; B. S. Yeddyurappa, Chief Minister, State of Karnataka, India; Martin Zeil, Deputy Prime Minister, Free State of Bavaria, Germany.

In attendance were, among others: Prince Abdullah bin Mosa'ad, Chairman, Saudi Paper Manufacturing Co (Saudi Arabia), Peter Bauer, CEO, Infineon (Germany), Rahul Bajaj, Chairman, Bajaj Auto (India), Claude Beglé, Chairman, Swiss Post (Switzerland), Pramod Bhasin, CEO, Genpact (India), Gerhard Cromme, Chairman, Siemens and ThyssenKrupp (Germany), Jim Goodnight, CEO, SAS (USA), Kris Gopalakrishnan, CEO, Infosys (India), Alan Hassenfeld, Chairman, Hasbro (USA), Prakash Hinduja, Chairman, Hinduja Group (Switzerland), Baba Kalyani, Chairman, Bharat Forge (India), Liu Jiren, Chairman, Neusoft (China), Khater Massaad, CEO, RAK Investment Authority (UAE), Nasser Munjee, Chairman, Development Credit Bank (India), G V Krishna Reddy, Chairman, GVK Power & Infrastructure (India), Dhruv M. Sawhney, Chairman, Triveni Engineering & Industries (India), Harshpati Singhania, Managing Director, JK Paper (India)

InCar Group delegation attends 6th IBLF

InCar Group and two associates attended the exclusive 6th International Business Linkage Forum held in Johannesburg, South Africa June 18 and 19. The event was hosted in cooperation with the South African Department of Trade & Industry.

Previous fora were held in China, India and the United Arab Emirates, with over 80 global business leaders having attended the IBLF session in Zug, Switzerland. The IBLF is a platform for government and business to deliberate and discuss international business opportunities.

The Forum's longevity lies in the strengths of the participants, whose knowledge of investment markets and networking expertise & resources ensure the continuation of a successful business partnership. The IBLF includes business leaders from different parts of the world, namely Australia, Austria, Belarus, Benin, Brazil, Canada, China, Ivory Coast, France, Hong Kong, India, Israel, Kenya, Nepal, Russia, Samoa, Singapore, South Korea, Spain, Sweden, Switzerland, Taiwan, Togo, the United Arab Emirates (UAE), United Kingdom, Ukraine and the United States of America.

The IBLF provides a platform to encourage the purchase and sale of goods, investment, identification of joint venture partners and the sharing of sectoral trade advice between member nations. Policy papers and presentations on the Resources, Hospitality & Tourism and Energy sectors were presented by South African and international experts.

InCar Trust facilitates financing Wyndham Garden Paramaribo

Paramaribo, Suriname (31/03/2009) - On March 31, 2009 InCar Group has successfully concluded the financing for its client CityGroup N.V. with the signing of the financing agreement by its client and the lenders. Headed by AIB Bank an international consortium, including local institutions Hakrinbank and Fatum Suriname, provided a financing of US$ 10 million for the development of CityGroup's luxury hotel situated on the Domineestraat in the heart of Paramaribo.

The project is the largest private investment in the tourist sector in Suriname and has a total value of over US$24 million. The hotel will open in March 2010 and will be part of the Wyndham Garden chain. The hotel will be the third international chain in Suriname after Best Western and Courtyard by Marriott.

“The involvement of foreign institutions has been very important to realise the financing due to the size of the loan. Due to InCar Group it has been possible to attract financing from abroad, despite the current problems on the international markets, and to affiliate ourselves with Wyndham”, says Oemar Chiragally, CEO of CityGroup N.V. “This important investment in the tourism sector of our country will play an important part in attracting new groups of tourists to Suriname, in particular from America. It will also provide an impuls for further development of the city centre to make it even more attractive for tourists and locals”.

“It is always very special to come to a new country and experience the first financing we do as AIB”, says Herry Koolman, Assistant Managing Director of AIB Bank. “We have worked very well with InCar Group and have also received tremendous support from SRA during this process. Suriname has an unbelievable position with regard to tourism and a tremendous future in the industry”.

“It is not always easy to attract financing for large projects in Suriname”, explains Anand Ramkisoensing, managing director of InCar Trust, the Suriname part of InCar Group. “The vision of Mr Chiragally, the way the project was set up and the strength of the business plan made it easy not only to convince our banking partners to finance this fantastic project, but also to have the hotel be part of the Wyndham Garden franchise”.

The financing was provided based on the business plan made by SRA Business Solutions N.V., sister company of accountants SRA N.V. “For a project of this size it was necessary to attract the majority of the debt from abroad”, says Sonny Sheoratan, managing director van SRA Business Solutions. “The strict requirements of the financial institutions and the current economic situation made it necessary to present a very extensive and detailed business plan. The completeness of our plan had a positive effect and lead to the financing under very positive terms”.

The Wyndham Garden Paramaribo Hotel will have two full service restaurants, a rooftop bar and pool, lobby lounge, spa and fitness centre, business centre and conference facilities. The complex on the Domineestraat also houses a casino and a 20 unit shopping mall. The hotel will target the high end market, particularly business travellers and eco tourists.