Category Archives: Business & Economy

Catching one of the fastest fish 40-km off Krishna!

September 4, 2014Business & Economy, Green Initiatives / Environment, Natureadmin

Fishermen carrying Indo-Pacific fish at Gilakaladindi harbour in Krishna district to export to Cochin. Photo: T Appala Naidu / The Hindu

The fishermen venturing into Bay of Bengal near Gullalamoda lighthouse in Krishna district have witnessed a good catch of Indo-Pacific sailfish (Istiophorus platypterus), one of the fastest fish in the ocean.

The boatmen using gill net have sighted the fish, known as Nemali Konem among the marine fish exporters’ fraternity, in batches near the location where mostly they spot dolphins; off the 30-40 km coast from the lighthouse area. A group of fishermen, which went on four-day fishing on mechanised boat to catch tuna, has caught at least four Indo-Pacific sailfish, which have been immediately exported to Cochin on Sunday from Gilakaladindi harbour.

It appeared in dark blue colour on top and each weighted at least one-hundred kilogrammes. “We have seen batches of Indo-Pacific fish sailing on the blue waters. We hope this is the season to catch them,” said fishermen M. Jagga Rao and N. Durga Rao of Gilakaladindi village. It was learnt that the Indo-Pacific fish is one of the fastest sailing fish in the ocean as its top speed has been clocked at 109 km an hour.

On the left side of the body, it has a pectoral fin in dark sea blue colour that is visible while it is swimming and the fin designs resembles a peacock feather. “Since the fish feed on ‘tuna’ it was caught in our net meant for tuna,” Myla Kameswara Rao, one of the fishermen of the group told The Hindu.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Vijayawada / by T. Appala Naidu / Machilipatnam – August 20th, 2014

Babu Seeks NGO Support for Development of AP

August 31, 2014Arts, Culture & Entertainment, Business & Economy, Inspiration /Positive News and Featuresadmin

Nellore :

Lauding Union Urban development minister M Venkaiah Naidu for his initiation in expanding the services of Swarna Bharath Trust (SBT) to various sectors, Chief Minister N Chandrababu Naidu called upon Non-Governmental Organisations like SBT to come forward for extending support to the government and be part of the development as it will be a mammoth task for the government to overcome the problems on its own.

Addressing a meeting while participating in the 13th anniversary of SBT established by Venkaiah Naidu’s daughter Deepa Venkat at Venkatachalam on Sunday, CM said that the NGO concept is already existing in foreign countries and millionaires and several organisations are spending 60 per cent of their earnings for social service.

He recalled that 13 years ago when the SBT was established in a small remote village Venkatachalam, he never expected that it would grow to such an extent. At present, the SBT is playing a crucial role in eradicating rural poverty by introducing several employment generation concepts including Internet technology, training programmes for farmers over the latest technologies.

Chandrababu Naidu said that it is a proud moment for him to participate in the SBT anniversary and expressed his surprise over the success of government concepts like Palle Pilustondi, Polam Pilustondi, Pedarikam Gelupu and others being effectively implemented by the SBT under different names.

The CM said that it is possible for him to make AP as one of the 10 developed states in the country, despite several hurdles from all fronts.

source: http://www.newindianexpress.com / The New Indian Express / Home> States> Andhra Pradesh / by Express News Service / August 25th, 2014

Pedana’s Kalamkari Art Set to Come in Charming Linen Avatar

August 29, 2014Arts, Culture & Entertainment, Business & Economyadmin

Deputy director of Weavers Service Centre Vishesh Nautiyal displaying the Kalamkari design printed on the linen bed sheet at the Centre in Vijayawada on Tuesday | Express Photo

Vijayawada :

Kalamkari, the art of fabric printing which has won the hearts of people for generations for its unique patterns and colour combinations on cotton fabrics, has now found a new canvas – the linen cloth.

The Weavers Service Centre (WSC), which is instrumental in the adaptation of the age-old art, is all set to come up with a range of linen dress and other materials bearing beautiful Kalamkari designs.

The WSC, attached to the Ministry of Textiles, works for the development of handlooms. It has come up with the idea of printing Kalamkari designs on linen cloth primarily to take the art to new destinations and thus increase its market.

The WSC has roped in Jaya Shree Textiles of the Aditya Birla group and Pichuka Srinivas, a renowned Kalamkari printer from Pedana in Krishna district, in its efforts to give a new thrust to the old art.

“The WSC aims at developing new products and designs in the handloom sector. In the process, various ideas are tried out in designing patterns and evolving different colour and fabric combinations. In this case, we have tried to introduce linen fabric to Kalamkari printers who are traditionally habituated to printing on cotton cloth,” says Vishesh Nautiyal, deputy director of WSC, which comes under the office of development commissioner (Handlooms).

The samples have been satisfactory and the finished products will be exported to Europe soon as linen adorned with traditional Indian designs has generated a lot of interest there, he says.

Pichuka Srinivas, who has been exporting Kalamkari clothes to Europe and US for over a decade now, opines Kalamkari art on linen will create fresh appeal for the product.

“Our aim is to introduce a new fabric to Pedana Kalamkari artisans and provide them an alternative to the cotton fabric to experiment and explore their creative talents,” he says.

The linen fabric for now is being procured from the Jaya Shree Textiles in Chennai. However, two new looms are being set up at Pedana by Srinivas to weave the linen fabric locally.

The WSC is providing the know-how and other technical support to the artisans.

source: http://www.newindianexpress.com / The New Indian Express / Home> States> Andhra Pradesh / by J DeepthiMandan Reddy / August 27th, 2014

Vijayawada to get its first 15 storey building

August 24, 2014Business & Economy, Records, All, Science & Technologyadmin

Vijayawada:

Vijayawada city is likely to gets its first 15-storey building soon, but at the cost of the city’s popular landmark, the Pinnamaneni polyclinic, presently known as the KIIMS hospital.

According to sources, GEV Projects, which belongs to BJP leader V. Ranga Prasad’s son, and the management of Pinnamaneni hospital have already entered an agreement to construct the 15-storey building on the three acre plot of land located in Municipal Colony, the heart of the city.

As per the agreement, the hospital would be shifted from the premises by August end and construction would start in September. The new building will have both commercial and residential space, said Mr Ranga Prasad. The new building will have hotels, restaurants etc., along with residential flats. GEV Projects will also construct a seven-storeyed hotel for the Novotel group. This hotel will come up opposite the Vinayak theatre.

source: http://www.deccanchronicle.com / Deccan Chronicle / Home> Nation> Current Affairs / DC Correspondent / August 22nd, 2014

Airport named after Andhra Kesari

August 24, 2014Business & Economy, Historical Links, Pre-Independence, Records, Alladmin

Hyderabad:

AP Chief Minister N. Chandrababu Naidu on Saturday informed the Assembly that the government has decided to name the airport at Rajahmundry and the proposed All India Institute of Medical Sciences after freedom fighter ‘Andhra Kesari’ Tanguturi Prakasam Pantulu.

source: http://www.deccanchronicle.com / Deccan Chronicle / Home> Nation> Current Affairs / DC / August 24th, 2014

CM’s Proposal on Integrated Botanical Garden Hailed

August 16, 2014Business & Economy, Green Initiatives / Environment, Nature, Science & Technologyadmin

Visakhapatnam :

Chief minister Nara Chandrababu Naidu’s new proposal to set up an integrated botanical garden (IBG) in Araku Valley in the district has drawn good response. Experts on Ayurveda medicine and pharmaceutical sectors lauded the state government’s initiative and expressed confidence that the IBG would generate good revenue and employment opportunities.

Chandrababu Naidu, during his two-day visit recently, directed Visakhapatnam collector N Yuvaraj to study and plan to set up the IBG at Araku in association with the Ayurvedic Board. There are a large number of medicinal plants, shrubs, barks, roots and creepers in and around North Andhra region, especially in the agency and forest pockets.

Some of the Ayurveda medicine manufacturing companies pay the tribals and deploy their staff to collect some rare medicinal plants and leaves from the agency areas. The Andhra University pharmaceutical department, on its own, had conducted a study on the medicinal plants and their history in North Andhra region, and found that a large number of tribals still use Ayurvedic medicines, prepared by themselves, for curing several diseases.

“There are a huge number of medicinal plants in the region. There are plants which have commercial value. For example there is ‘Bixa Orrellana’ from which a powder ‘Bixin’ compound is prepared. The compound is used in the textile industry for colour combinations. The chief minister’s proposal is a very good idea,” said S Ganapathy, former professor of Andhra University and current principal of GITAM Institute of Pharmacy.

Meanwhile, during the past one decade, the usage of Ayurvedic medicines has increased. Ayurvedic medical shops have also registered good sales.

“Ayurveda is seeing a rise not only in health-related medicines, but also in beauty parlour products, dental care and hair fall etc., Special medicines for alcoholic addiction are also manufactured from several medicinal plants and herbs. The Araku and Paderu dense forest areas are the best places to set up an integrated botanical garden. The IBG should be set up with an aim to promote academic research and commercial sales of the products,” K Yamuna, an Ayurvedic doctor and owner of an Ayurvedic medicine shop, opined.

An integrated medicinal plant is a welcome move by the government and there is good scope for developing the existing botanical garden at Araku as the nearby areas are suitable for cultivation of medicinal plants, Prof Ganapathy said.

source: http://www.newindianexpress.com / The New Indina Express / Home> States> Andhra Pradesh / by VKL Gayatri / August 12th, 2014

Indian Women Can Do Well in Business: SINDA Chief

August 8, 2014Business & Economy, Nri's / Pio's, World Opinionadmin

Singapore India Development Association (SINDA) head Renjala Balachandran speaking at a workshop on women entrepreneurship at the KBN College in Vijayawada on Wednesday | Express Photo

Vijayawada :

Singapore India Development Association (SINDA) head Renjala Balachandran said that Indian women were showing a lot of enthusiasm and energy and could make great progress in the field of entrepreneurship if provided with proper guidance.

Renjala Balachandran, who works in the field of women empowerment in Singapore, was present at KBN College in Vijayawada to participate in the seminar on ‘Women Entrepreneurship-A Global Perspective’ Wednesday. Speaking at the seminar, she stressed the importance of channelising women’s skills and entrepreneurial abilities for the development of economy and also to ensure gender equality.

The two-day UGC-sponsored seminar was aimed at discussing various topics on women entrepreneurship and empowerment. Krishna University VC V Venkaiah urged the students to be innovative and explore opportunities to succeed as entrepreneurs. Despite of a lot of progress, women’s representation in education, employment and entrepreneurship was still less in India. D Usha Rani, director of Centre for Women’s Studies, SV University, pointed out that though women were excelling in all fields and making their presence felt, they were facing a different set of problems.

Susheela Kaushik, co-chair, capacity building of women managers, UGC, Irfana Begum, project officer EduSAT, Vigyan Prasar, Delhi, AU Economics Department head Ratna Kumari, KBN College correspondent SVSM Razith Kumar, SKPVV Hindu High Schools Committee president R Ramaswamy and KBN College principal P Krishna Murthy were present.

source: http://www.newindianexpress.com / The New Indian Express / Home> States> Andhra Pradesh / by Express News Service / August 07th, 2014

Taiwan firm to invest $ 1 billion

August 6, 2014Business & Economy, World Opinionadmin

Taiwan-based Pan Pacific Corporation CEO Michael Rosen / The Hindu

In a first of its kind investment proposal in Vijayawada, Guntur, Tenali and Mangalagiri region, Taiwan-based Pan Pacific Corporation would invest 1 billion dollars in real estate sector in Andhra Pradesh, according to the company’s CEO Michael Rosen.

Addressing a press conference here on Sunday, Dr. Rosen said that they have zeroed in land chunks near Tenali.

About 50 acres of land near JMJ College would be developed shortly. Commercial and residential buildings would be constructed, he said.

The investments would be made through locally familiar Chadalavada family. A firm would be floated shortly to take forward the mission. To provide affordable and decent houses would be objective of the new firm, he said.

To start with, the investment was pegged at 1 billion dollars.

The investments would be scaled up in years to come, he said, adding, the operations would be extended to other cities like Visakhpatnam.

Chadalavada Tirupati Rao and Chadalavada Srinivasa Rao, who were partners in the real estate business, were present.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Vijayawada / by G.V.R. Subba Rao / Vijayawada – August 04th, 2014

Chittoor gets DRDO, Guntur solar park

August 6, 2014Business & Economy, Green Initiatives / Environment, Science & Technologyadmin

Hyderabad:

The state government has decided to set up a Defence Research Development Organisation (DRDO) unit in Chittoor district. It has also allocated 1,102 acres to APIIC for establishment of DRDO.

Another 500 acres has been given to set up 1000 MW solar energy park in Anantapur district, in addition to another 300 MW solar park to be set up in Guntur district.

IT minister Dr P. Raghunatha Reddy said the state government has achieved zero power deficit and it will supply 24×7 electricity to all domestic, commercial and industrial users from October 2, even as it plans to generate over 6,100 MW of power in the next five years.

The Andhra Pradesh Cabinet approved a programme to generate 4,400 MW of thermal power and another 400 MW of hydro power in the next five years.

The agriculture sector will get seven-hour non-stop power supply daily and would subsequently be increased to nine hours.

“When our government assumed power on June 8, the state was reeling under a power deficit of 22 million units a day. As of today, the deficit has become zero as we could draw additional power from NTPC, Simhapuri, Krishnapatnam units as also from other states. From October 2, the state will have 24×7 power supply,” the minister said.

source: http://www.deccanchronicle.com / Home> Nation> Current Affairs / DC / DC Correspondent / August 02nd, 2014

TDP leader pitches for Bhimavaram as ‘export excellence town’

August 6, 2014Business & Economyadmin

TDP leader Thota Seetha Ramalakshmi (Photo: DC)

Rajahmundry (AP):

Senior TDP leader Thota Seetha Ramalakshmi has requested the Centre to notify Bhimavaram in Andhra Pradesh’s West Goadavari district as ‘Town of Export Excellence’ for its potential in shrimp and fisheries exports.

The Rajya Sabha member met Union Minister of State for Commerce and Industry Nirmala Sitharaman on Tuesday to put forth the demand.

“Bhimavaram has immense potential for shrimp/fisheries exports, yet it has been neglected for the necessary basic infrastructure. There is a central government scheme under which if an area/cluster exports worth Rs 1,000 crores it can be notified as ‘Town of Export Excellence’,” Ramalaxmi said in a statement.

There are certain exemptions for this turnover criteria and fisheries is one such sector wherein it is Rs 250 crores only, she said.

Bhimavaram being an aqua hub is currently earning Rs 3,800 crores of foreign revenue and is aptly suited to qualify under this scheme, she said.

The MP discussed the issue in detail with the Union Minister and urged her to declare Bhimavaram as ‘Town of Export Excellence’ at the earliest so that it can have access to the much required funds for the infrastructure development in the area.

Later, Ramalaxmi told reporters that by getting this status, the industries and the state will have benefits like – common service providers in this area shall be eligible for the EPCG scheme where a lot of equipment can be either imported or procured domestically with nil or concessional duties.

source: http://www.deccanchronicle.com / Home> Nation> Current Affairs / PTI / August 06th, 2014

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