Category Archives: Business & Economy

CCMB may grow apples in Araku Valley of Andhra Pradesh soon

Hyderabad :

While the Greek hero Hercules wanted to possess the fruit desperately, Adam – the first man in Abrahamic religions – apparently couldn’t resist eating it and was then desperate. Whatever the reasons, few fruits have enjoyed the clout of apple, one of the oldest cultivated trees on Earth.

In India, its farming has so far been limited mostly to the Himalayan region – Kashmir, Himachal Pradesh and Uttarakhand as well as pockets of the North East. But if scientists at Hyderabad’s Centre for Cellular and Molecular Biology (CCMB) have their way, they could soon be grown in Araku Valley of Andhra Pradesh.

For some time now, the changing climatic conditions in the Himalayan region have been hurting apple production, forcing scientists to look for alternatives. Know as the Kashmir of Andhra Pradesh, Araku is blessed with a temperate climate and low temperatures that is suited for growing apples; at least, in theory.

(CCMB may grow apples in Araku…)
(CCMB may grow apples in Araku…)

Situated at about 3,600 feet above the sea level, the Araku Valley area records temperatures of 1-5 degrees centigrade during winters. “Since apples are grown at high altitude areas with low temperatures in winters, we hope the locations in the Araku valley area that we chose for the experiment will yield positive results over the next four-five years,” said Ramesh Aggarwal, who heads a team of CCMB scientists working on the project.

GardenofEdenHF28jan2014 The CCMB scientists are exploring the prospects of growing the fruit – which originated in the Central Asian region, most likely Kazakhstan – in the Lambasingi and Chintapally regions of Araku in Andhra Pradesh’s Visakhapatnam district.

The scientists began work a few years ago to develop new breeds that are resistant to changing climatic conditions while ensuring high yields as part of a genomics sequencing project sponsored by the Department of Biotechnology. They hope to identify genes that give the plant characteristics such as disease and drought resistance. Today there are more than 7,500 varieties of apples grown worldwide, of which at least 300 are cultivated in India commercially. It is said that Alexander the Great first brought the dwarf varieties to Europe (Macedonia) in the fourth century BC, from where it found its way to the rest of the world.

Aggarwal said his team recently visited Araku valley and held discussions with local farmers, non-governmental organisations and researchers to explore growing apples there. If the Araku experiment succeeds, the scientists plan to replicate it in other hilly regions of the South, including the Nilgiris in Tamil Nadu and Coorg in Karnataka.

“To begin with, we will experiment with some 100 saplings of seven leading apple varieties by this month end and increase the number of plants to around 500 over the next one year,” said Aggarwal.

In India, the fifth-largest producer of the fruit worldwide, apples were first grown only towards the end of the 19th Century. But it was Samuel Evans Stokes, or Satyananda Stokes as he was later known, who introduced apple cultivation to Himachal Pradesh in the early part of the last century.   Today, it is the major horticultural export crop of the state.

The CCMB scientists are sourcing the saplings of apple variants from Dr YS Parmar University of Horticulture and Forestry at Solan in Himachal Pradesh.

Senior principal scientist at CCMB, A Veerabhadra Rao said studies showed that the climate of Chintapally region was identical to California and Florida in the United States, where apple is grown on a large scale.

Venugopal Rao, head of research at Acharya NG Ranga Agricultural University at Chintapally, said if the results of the experiment are positive, a memorandum of understanding with CCMB will be signed to implement the project on a larger scale.

source: http://www.articles.economictimes.indiatimes.com / The Economic Times / Home> News> Economy> Agriculture> Andhra Pradesh / by Raji Reddy Kesireddy, ET Bureau / January 18th, 2014

Microsoft launches ‘Academic Accelerator’

Plans to bridge the gap between industry and academia

MicrosoftHF27jan2014

Software giant,  Microsoft , on Thursday launched ‘Microsoft Academic Accelerator ‘, a new programme aimed at building a long-term association between industry and academia in India.

“With the vast and growing pool of engineering graduates (over 500, 000 per year) in India, it is imperative to invest in skill-building and high-tech jobs. We saw an opportunity that is there between the academia and the industry to be bridged,” Vinod Anantharaman, head (business development), Microsoft India (R&D), told mediapersons in Hyderabad.

It is initially collaborating with 10 Indian engineering colleges for the programme. The programme currently has two main components — a series of workshops that span a spectrum of relevant to modern-day high technology industry, and a series of student hackathons that give all students at the 10 campuses an opportunity to work collaboratively in team environments to build real-world applications that leverage the latest Microsoft platforms including mobile and cloud.

While the workshops are tailored to the curriculum at each partner college, based on the needs of computer science faculty and their specific tasks, and get delivered by seasoned Microsoft engineers who are domain experts on that particular area, the hackathon series, delivered under the ‘code.fun.do’ brand name, are open to all passionate coders at partner college campuses.

During 2012-13, the pilot year of the programme, apps such as Awesome Logo, Lengua and SudoCam were developed by students and are now made available on the  Microsoft’s app store.

“The students are working on 15-16 such apps now,” Anantharaman said, adding that during the 2014 fiscal, Microsoft was planning to touch over 4, 000 students (including more than 2, 500 at code.fun.do) and should be creating over 250 apps, including 30-odd ‘great’ apps for the store.

source: http://www.business-standard.com / Business Standard / Home> Companies> News /by BS Reporter / Hyderabad – January 16th, 2014

Isuzu Motors to invest Rs.3,000 crore in Andhra plant

Japanese automotive major Isuzu Motors will invest Rs.3,000 crore in its first manufacturing plant in India , coming up in Andhra Pradesh , company officials said Thursday.

The plant, which is coming up at Sri City, is expected to be operational in 2016 and manufacture 50,000 Light Commercial Vehicles (LCVs) and Sports Utility Vehicles (SUVs) in the first year.

Sri City is a special economic zone located in Chittoor and Nellore districts of Andhra Pradesh close to Tamil Nadu.

The company, which rolled out its first SUV manufactured in India at an event here, plans to increase the capacity of the plant to 80,000 in the second year and 100,000 in the third.

The company showcased MU-7, one of the longest SUVs available in India, and also handed over the key to its first customer here.

Powered by Isuzu’s superior diesel engine and priced at Rs.22.6 lakh (ex-showroom Hyderabad), the SUV has been assembled at the Thiruvallur (Chennai) plant of Hindustan Motors , with which Isuzu has a contract manufacturing agreement to assemble MU-7 and pick-up truck D-Max.

“We are delighted to showcase the India made MU-7 in Hyderabad. The MU-7 SUV is known for its ruggedness, durability and fuel efficiency and is a proved and successful SUV in other key markets,” Takashi Kikuchi, president and managing director, Isuzu Motors India, told reporters.

He said the Chennai plant would manufacture 5,000 SUVs and pick-up trucks before Isuzu’s own manufacturing plant in Andhra Pradesh becomes operational in 2016.

Isuzu Motors had last year signed a Memorandum of Understanding (MoU) with the Andhra Pradesh government to set up the plant.

The Japanese firm, which is considered the global diesel engine expert, has already sold 200 imported SUVs in India.

Isuzu currently has dealers in Hyderabad, Chennai and Comibatore. Shigeru Wakabayashi, deputy managing director, Isuzu Motors India, said they planned to have five more dealers in a month, all in south India, the region where it is currently focusing.

After its manufacturing plant becomes operational in 2016, Isuzu plans to expand the dealership network to entire country with 60 dealers. Despite the current slowdown, the firm bets high on Indian market.

Wakabayashi is optimistic that the Indian economy would return to high growth path in six months and pointed out that many Japanese companies were investing in India.

Wakabayashi did not agree that Isuzu had come late to India.

“We have come to India at right time as the demand is set to pick up in coming years,” he said, pointing out that the Indian automobile industry was expected to see a huge growth from 3.5 million in 2013 to 10 million by 2020.

Isuzu, which sold 700,000 vehicles worldwide last year, sees India as a key market and plans to achieve the production capacity of 100,000 units by 2020.

Currently, Thailand is the biggest market for Isuzu. The company sells 15,000 vehicles per month in Thailand.

source: http://www.business-standard.com / Business Standard / Home> News-IANS> Business-Economy / IANS / Hyderabad – January 16th, 2014

Cognizant buys Hyderabad office space for Rs 112 crore

Bangalore :

Nasdaq-listed IT software firm Cognizant has bought a 11.04-acre land parcel that includes a 250,000 sqft operational office space facility in Hyderabad, from Bangalore-based technology park developer DivyaSree.

The Rs 112-crore transaction, struck in Hyderabad’s IT hub of Gachibowli, gives the $7.35-billion IT services company room to further develop around 1 million sqft of office space. Last year Cognizant had bought 18-acres of land in Kochi; work here has begun.

Despite political uncertainties over the status of Hyderabad, the city’s IT corridor of Madhapur, Kondapur, Hitec City and Gachibowli continue to remain the most active commercial micro-market, owing to the expansion and relocation requirements of IT/ITeS firms. Industry analysts estimate that around 3-million sqft of commercial office space is likely to be released into Hyderabad’s IT corridors over the next six months.

Major IT companies are all expanding facilities as demand remains robust . Last week TOI reported that Infosys Technologies had bought a 300,000 sqft facility for Rs 115 crore in Bangalore.

(Cognizant has bought a 11.04-acre…)
(Cognizant has bought a 11.04-acre…)

In Hyderabad, Cognizant has been working out of a leased office it got when it acquired the business interests of UBS in India in 2010. This facility nowhasover 3,000 employees working out of it.

Confirming the deal, a Cognizant spokesperson said, “The facility will support our expansion in Hyderabad. It is at a conveniently accessible location in the city’s financial district.” International property consultants CBRE South Asia had structured the deal.

As per Cognizant’s annual report, its India real estate development programme includes construction of 10.5 million sqft of new space between 2011 and the end of 2015. “This programme includes an expenditure of over $700 million (over Rs 4,300 crore ) during this period on land acquisition, facilities construction and furnishings to build new company-owned development and delivery centres in regions primarily designated as SEZs, located in India,” the company’s annual report for 2012 says.

source: http://www.articles.timesofindia.indiatimes.com / The Times of India / Home> Tech> Office Space / by Anshal Dhamija, TNN / January 13th, 2014

Lactalis acquires Hyderabad-based Tirumala Milk

World’s largest dairy player Groupe Lactalis SA has acquired Tirumala Milk Products Private Limited.

According to a statement by Tirumala, the transaction marks France-based Lactalis’ entry into India .

The deal to buy out 100 per cent stake in Tirumala was reportedly closed at USD 275 million (Rs 1,750 crore)

Lactalis Group Communication Director Michel Nalet said the deal was officially finalised yesterday, but no amount regarding the deal was disclosed either in India or France.

“For Lactalis, this first acquisition in India is an important step for us and due to the quality of the business model developed by the previous share holders, we believe that it will be a very good platform to develop the business in India,” Nalet told PTI in an email reply.

Tirumala Co-Founder and Managing Director D Brahmanandam said his company has emerged as a leader in the private sector dairy market in South India.

“We are extremely happy to have partnered with Carlyle, who provided numerous value creation activities and acted as a catalyst in the growth of the company over the past few years. Tirumala is the partner of choice for Lactalis, and is well poised to emerge as a national brand with market leadership position,” Brahmanandam said.

Tirumala is the second largest private dairy company in South India.

Barclays was the sole financial advisor to Tirumala. J Sagar Associates was the legal advisor to Tirumala. Rothschild was the sole financial advisor to Lactalis. Amarchand & Mangaldas & Suresh A Shroff & Co was the legal advisor to Lactalis.

Founded in 1996 by D Brahmanandam, B Brahma Naidu, B Nageswara Rao, Dr N Venkata Rao and R Satyanarayana, Tirumala raised equity investment in 2010 from First Carlyle Ventures III and First Carlyle Growth VII, affiliates of The Carlyle Group (Carlyle), a global alternative asset manager.

source: http://www.business-standard.com / Business Standard / Home> PTI Stories> National> News / by Press Trust of India / Hyderabad – January 08th, 2014

World’s Largest Integrated VRLA Plant Coming up at Chittoor

Galla Jayadev, vice-chairman and managing director of Amara Raja Batteries performing puja at the inauguration of the company’s new plant at Nunegundlapalle near Chittoor on Sunday. His mother and mines minister Galla Aruna Kumari is also seen | EXPRESS PHOTO
Galla Jayadev, vice-chairman and managing director of Amara Raja Batteries performing puja at the inauguration of the company’s new plant at Nunegundlapalle near Chittoor on Sunday. His mother and mines minister Galla Aruna Kumari is also seen | EXPRESS PHOTO

Extending its business base in the district, Amara Raja Batteries Limited group, belonging to the Galla family, announced its expansion by launching the world’s largest integrated medium VRLA plant at Nunegundlapalli near Chittoor on Sunday.

The first factory in the 500 acre land, set up with an outlay of `350 crore, was inaugurated here on Sunday. With an employment generation capacity of 1,500 in the first plant, the plant can manufacture 3.5 million UPS batteries every year, ARBL managing director Galla Ramachandra Naidu said.

“The second plant is under construction and two more plants–one for tubular and other for plastic–will soon commence operations. The second unit, with an outlay of `350 crore, would provide jobs to another 1,500 people,” he said.

Emphasising that the company will focus on employment generation, Ramachandra Naidu said, “Chittoor is enveloped with barren hills. There is no agriculture and only industries here are dairy and poultry. For the economic growth of the district, industries are the only option and we are providing them.’’

Ramachandraiah Naidu said after the completion of all the plants, the company will provide jobs to as many as 20,000 persons.

Speaking on the occasion, ABRL vice-chairman and managing director Galla Jayadev said the UPS batteries cater to the need of industries and can be used domestically too.

He said Chittoor is a strategic location for development of industries. “Every one thinks that Chittoor is not viable as it is far off from the capital, Hyderabad. But, it is a strategic location as it is located three hours away from Chennai and Bangalore,’’ he said.

Jayadev said economic development will increase commercial activity at the place and also nearby towns. “Thanks to our Karakambadi plant, which is providing employment to 17,000 persons, the local economy increased by 30 per cent in Tirupati. Similarly, with a potential of 30,000 here, Chittoor town and nearby villages will develop,’’ he said.

On their future plans, Jayadev said though they have not yet finalised, they are going to invest in other districts including in coastal Andhra and Telangana.

District collector K Ramgopal, Putalapattu MLA Dr Ravi and others also took part.

Galla Aruna Praises YSR

Mines and geology minister Galla Aruna Kumari heaped praises on former chief minister late YS Rajasekhara Reddy. Speaking on the need of industrial development and his family’s contribution to it, Aruna Kumari said it was YSR who took an initiative in the industrial development of the district. “During talks Rajasekhara Reddy offered lands at three different places to us and we selected this one. It was like a forest then and a lot of effort has gone in transforming the area,” she said. Expressing her gratitude to YSR, she said her appreciation should not be politicised.

No to Division

“We are opposing bifurcation and we will continue to do it,’’ she said. Reacting on the reports of the chief minister likely to float a new party, Aruna Kumari said she was not aware of any such move.

source: http://www.newindianexpress.com / The New Indian Express / Home> States> Andhra Pradesh / by Express News Service – Chittoor / January 20th, 2014

Rs 35 cr handloom institute to be set up in Machilipatnam

Machilipatnam  (AP):

The state government has decided to set up a handloom in Krishna district headquarters of Machilipatnam, Union Minister for Textiles Kavuri Sambasiva Rao said.

The All India Handloom Technology Institute would be set up with a project cost of Rs 35 crore, Rao said last night, after inaugurating a training programme of Jamdani saree weaving under integrated skill development scheme in Kappaladoddi village of Guduru Mandal in Krishna district.

At present, only four handloom technology institutions are functioning in the country, he said.

Rao said the central government has decided to abolish the outstandings of handloom weavers’ loans, including interest.

“We have sanctioned Rs 45 crore subsidy for Siricilla constituency handloom weavers,” the minister said, adding that the amount under Rajiv Arogya Yojna has also been increased.

Later, Rao inaugurated a handloom exhibition in Pedana town and also laid the foundation stone of a Common Production Centre costing Rs 3 crore.

He also distributed cheques of Rs 6 crore of bank linkage amount to Pedana and Gudur SHGs (Self help groups).

All India Handicrafts Commissioner  S Gupta and Krishna District Collector M Raghunandana Rao were also present on the occasion.

source: http://www.articles.economictimes.indiatimes.com / The Economic Times / Home> News> News By Industry> Cons. Products / Garments – Textiles / by PTI / January 03rd, 2014

DP World and JM Baxi Group to build new Visakhapatnam box facility

  • Joint venture granted approval after hiking revenue share offer

  • Visakhapatnam Port, India. Image: The Hindu
    Visakhapatnam Port, India. Image: The Hindu

DP World  and JM Baxi Group have been selected to build and operate a new 500,000 TEU container terminal  in the Indian Port of Visakhapatnam.

The joint venture received approval from the Visakhapatnam Port Trust after the consortium agreed to increase its revenue share offer from 10 percent to 11.04 percent, a port official told Logistics News.

The consortium, already responsible for the day-to-day running of Visakhapatnam Container Terminal (VCT), the port’s first box facility, was the lone bidder for the project, which was offered on a build-operate-transfer basis for a period of 30 years. The new terminal will be built at the site of the existing terminal, which will be see extended to around 850 metres.

“With a total continuous berth length of about 850 metres and water depth of approximately 17 metres, Visakha Container Terminal (VCT) will be able to accommodate bigger ships,” the official added.

Last month, Essar Vizag Terminals, a subsidiary of Indian terminal operator Essar Ports , also entered into a 30-year concessionary agreement with the Visakhapatnam Port Trust for three new iron ore berths at the Indian port.

During the first eight months of fiscal year 2013-14, VCT handled approximately 175,000 TEU compared to the 166,000 TEU handled in the corresponding period a year earlier.

source: http://www.porttechnology.org / Port Technology International / Home> News> Port Planning  / Tenders & Bids / January 06th, 2014

Spanish brand Vinegar opens store in Hyderabad

Hyderabad :

Vinegar, the Spanish apparel and accessories brand known for its quirky take on fashion and style, has opened its first store in Hyderabad, a city that has potential to be one of the greatest retail destinations.

The 2000 sq ft Vinegar store offers a wide range of uber-chic western clothes and accessories and offers both the prêt and couture line.

What do you think? 

The collection mainly comprises of dresses, jumpsuits, shorts, maxi dresses and office wear like trousers and skirts for women.

“Hyderabad has emerged as the most promising city in recent times – from luxury brands to high street, all major brands have opened gates in the city to establish the fact that the city has potential for being one of the greatest retail destinations,” Varsha Bhawnani, owner and managing director of the brand, said in a statement.

“People here are fashion conscious and have a flare for all things nice. We offer the best in hi street fashion,” she added.

Vinegar currently has flagship stores in Mumbai. It will soon open stores in Delhi, Chandigarh and later in the tier two cities.

The brand has already opened stores in Europe and is now retailed in countries like Israel, Spain, Portugal, Finland and Russia.

By 2014 it aims to have a presence in countries like US and Australia also.

source: http://www.vancouverdesi.com / Vancouver Desi / Home> Bollywood> style /  by IANS / Hyderabad – January 07th, 2014

RTC Bags Awards

The APSRTC has bagged the All State Road Transport Undertakings (ASRTU) awards under three categories for 2011-12 and 2012-13.

The corporation has achieved the highest fuel efficiency (5.23 km/litre of diesel)in mofussil services in 2011-12. It also achieved the best road safety record (0.1066 per lakh km). It has got the Union transport minister’s trophy for safety for the fourth time.

source: http://www.newindianexpress.com / The New Indian Express / Home> Cities> Hyderabad / by Express News Service – Hyderabad / January 08th, 2014