Category Archives: Business & Economy

AP identifies more sites for tourism

Hyderabad, MARCH 1:

The Andhra Pradesh Government has identified 21 new tourist destinations for development, including five in East Godavari district and Koringa forest area as an eco-tourist spot.

Answering queries during the question hour, the Minister for Culture and Tourism, Mr Vatti Vasanta Kumar, said that the State Government has identified Koringa forest area as a priority project. The Andhra Pradesh Tourism Development Corporation has proposed developing an eco-tourism spot there with an investment of Rs 6.25 crore, wherein the Central Government is likely to provide Rs 5.20 crore.

Replying to a query raised by Mr K. Kannababu, with regard to new locations identified for development and the number of people employed with APTDC, the Minister said that APTDC employed 1,910 people and 1,600 through public-private partnership projects in the State.

He said that there was a proposal to develop the beach along the coast in port town of Kakinada. The district Collector has identified land for development.

RESERVOIRS AS SITES

Further, APTDC has identified seven reservoirs for development as tourist destinations. Dindi reservoir, Gundlakamma, Yeleru, Brahmasagar, Sriramsagar, Kadem and Jurala have been identified and expression of interest invited for developing them into tourist sites.

The EoI received overwhelming response with 162 applications and the selection of developer is at advanced stage.

source: http://www.TheHinduBusinessLine.com / Industry & Economy> Government and Policy / Hindu Bureau / March 01st, 2012

 

Hyderabad airport bags National Tourism Award

New Delhi, Feb 29 (IBNS)

GMR Hyderabad International Airport (GHIAL) has been awarded the National Tourism Award 2010-’11 under the Best Airport category.

The airport has been adjudged as the best airport in India for actively promoting tourism, not only in Andhra Pradesh but also at the pan India level. 

The award was presented by President Pratibha Singh Patil to Vikram R. Jaisinghani, CEO of GHIAL at an award ceremony in New Delhi on Wednesday.

The Ministry of Tourism, Government of India presents, the National Tourism Awards to various segments of the travel and tourism industry every year, which includes states/union territories, hotels, travel agents, tour operators, airports, etc., to recognize their performance with an aim to promote tourism. RGIA has now won this award for 2 consecutive years.

GMR Hyderabad International Airport Limited (GHIAL) is a joint venture company promoted by the GMR Group (63%) in partnership with Government of India (13%), Government of Andhra Pradesh (13%) and Malaysia Airports Holdings Berhad (11%).

source: http://www.IndiaBlooms.com / Business / India Blooms News Service / New Delhi, February 29th, 2012 (IBNS)

Hyderabad Angels Invest 2 Crores in Green India Building Systems & Services

Hyderabad Angels invested 2 crores in Green India Building Systems & Services. Green India offers operational, maintenance, and energy solutions to reduce the overall building life-cycle expenses.

Speaking about why they chose to invest, Chandrakiran Mallarapu of Hyderabad Angels said, “Green India has a great team, a very unique value proposition, and a huge market to go after.” Hyderabad Angels previously invested 25 lakhs in Green India.

The investment is led by Sashi Reddi of AppLabs fame, and includes other industry veterans like Srini Koppolu ( Ex-Microsoft India MD ), BVR Mohan Reddy ( MD, Infotech Enterprise ) and J A Chowdary ( Ex-Nvidia Graphics MD ).

Hyderabad Angels have made 3 investments so far, out of which 2 are disclosed. They have also invested in RFID products company Identis Technologies.

Hyderabad Angels plan to make 5 – 10 investments in 2012. Typical deal size is 2 – 4 crores.

Do visit http://www.gibss.in

source: http://www.yourstory.in / by Team YS / February 25th, 2012

TAFE holds Farmer’s Day in AP

Hyderabad, FEB. 26:

Tractors and Farm Equipment Ltd (TAFE), India’s second-largest tractor maker, organised a Farmer’s Day in Ongole in Andhra Pradesh, aimed at bringing the farming community and agricultural experts for interaction on a common platform.

The thrust of the interaction was on farming and pest management practices, apart from farm mechanisation for improving pulses, cotton and rice yields.

Over 300 farmers from Ongole and neighbouring areas participated in the sessions, which included demonstrations and display of the latest techniques and scientific practices in farming and related areas like seed-bed preparation, introduction of hybrid varieties of seeds, irrigation methods, crop protection, harvesting and storage. Officials from financial institutions and government representatives also shared information on agricultural loans, subsidies and policies available for farmers.

Dr S.S. Nagarajan, Vice-President, Agri Research, TAFE, wanted better interaction between farmers and research institutions spread out across the country.

amitmitra@thehindu.co.in

source: http://www.TheHinduBusinessLine.com / Industry & Economy> Agri-Biz / The Hindu Bureau / February 26th, 2012

 

Rs.500cr package for Anantapur

Plans are afoot to transform Anantapur district into a model district in the country with a layout of Rs.500 crore for the sustenance of agriculture, said the Indian Council of Agricultural Research (ICAR) director general, Mr S. Ayyappan.

Plans are afoot to transform Anantapur district into a model district in the country with a layout of Rs.500 crore for the sustenance of agriculture, said the Indian Council of Agricultural Research (ICAR) director general, Mr S. Ayyappan.

The committee consisting of 21 experts led by Mr Ayyappan on Saturday reached here after inspecting a sheep-rearing centre at Penukonda and Krishi Vignana Kendram at Kalyanadurgam, as part of their two-day tour.

The committee also interacted with the farmers during their field study.

Speaking at the Revenue Bhavan here, Mr Ayyappan said that they have studied the report submitted by a central panel, which toured the district in January.

He said that they will prepare an action plan with a layout of Rs.500 crore after their visit to the district for the sustenance of agriculture.

He clarified that they were not here to advise the discontinuation of groundnut but to make it more profitable.

Expressing concerns over the depletion of groundwater levels in as many as 50 mandals of the district, Mr Ayyappan wanted steps for water harvesting.

Referring to the farmers’ interest over dairy farming, he called it as a good development and added that they came to know that the bankers were adamant in giving loans.

Revealing committee’s favour towards groundnut farming in rabi, he advised farmers to take up new varieties of groundnut, which are conducive to the region’s atmosphere.

Mr Ayyappan opined that encouragement should be given to millet crops apart from castor and cluster beans.

Stressing the need for promoting dairy farming and sheep-rearing, he sought the support of politicians and officials in making strides towards development.

He advised the bankers not to link up crop loans when the farmers ask for loans for dairy farming.

The minister for revenue, Mr N. Raghuveera Reddy, MPs, Mr Ananta Venkatrami Reddy and Mr Nimmala Kistappa, MLAs, Ms Paritala Sunitha, Mr Palle Raghunath Reddy, Mr Madhusudan Gupta, MLC, Mr Gundumala Tip-peswamy, government pri-ncipal secretary, Mr Nagi Reddy, actor Mr Jagapati Babu, collector, Mr V. Dur-gadas and joint collector, Ms Anita Ramachandran were present.

source: http://www.DeccanChronicle.com / Home> Channels> CITIES> Regions> Anantapur / by DC Correspondent / Anantapur / February 24th, 2012

 

SNF specialty chemical plant goes on stream in Vizag pharma city

Mr Pascal Remy, CEO of SPCM SA, France, and Dr Prasad S. Mulukutla, CMD of SNF (India), at the inauguration of the SNF plant at the Pharma City at Parawada, Visakhapatnam district, on Wednesday.
Visakhapatnam , FEB. 22:

India is a growing market with a huge potential for specialty chemicals such as polymers with a wide range of applications. And SNF (India) Private Limited is all set to capture a major chunk of it, according to Mr Pascal Remy, the CEO of SPCM SA, France, the parent company of SNF.

He was speaking at the chemical plant set up by SNF in the Jawaharlal Nehru Pharma City in Visakhapatnam district on Wednesday after its formal inauguration.

The plant, with a capacity of 35,000 tonnes per annum, has been set up at a cost of Rs 200 crore and has been in operation for over a year.

Mr Pascal Remy said SNF was the world’s largest producer of water-soluble polymers, used in water treatment, mineral extraction, paper manufacture and for enhanced oil recovery in the oil sector. He said the company had a market share of 40 per cent globally.

TO EXPAND, UPGRADE

“We have 20 major production facilities in the world, with 3,350 employees and 45 subsidiaries and a network of more than 1,000 distributors.

Our annual revenue in 2011 was $2.2 billion,” he said, adding that the company intended to expand and upgrade the facilities here in tune with market requirements. SNF would take up the construction of monomer and powder lines at the Visakhapatnam plant in a phased manner and a new plant, with a capacity of 35,000 tonnes more, would be set up at the site by the second half of 2013, he said.

“We have a smaller plant with a capacity of 6,000 tonnes per annum near Hyderabad, but we are cutting down production there and ultimately it will be closed,” he said.

He said the two main applications are “in water treatment and for enhanced oil recovery in the oil sector.

It is a cheap technology and you can get a barrel for $15 in the oil sector.”

Dr Prasad S. Mulukutla, the Chairman and Managing Director of SNF India, said the company had market share of 60 per cent in India.

“Last year, our sales turnover was Rs 215 crore and we expect it to touch Rs 250 crore this year. We have 111 regular employees in the plant and roughly 50 or so temporary and contract workers.”

GREEN CHEMISTRY

He said there were no pollution problems and the effluents were being sent to the common treatment plant in the pharma city.

Even in Hyderabad, he said, there were no problems on that count. “Our production facilities are eco-friendly and we employ green chemistry here,” he said. He said negotiations were going on with Cairn India and it may result in a big order of 70,000 tonnes or so per annum.

Mr Richard Saint Sauveur, of SNF, said that, in future, sewage treatment will be a major application, with increasing urbanisation all over the world. Mr G. Prabhakara Sastry, one of the directors of SNF India, said the establishment of a world-class specialty chemical plant by the SNF here would spur industrial growth in the area.

source: http://www.TheHinduBusinessLine.com / Companies / February 22nd, 2012

 

JSS Doctor bags Oration Award

Caption: Dr. Nataraja receiving Dr. R.K. Oza Oration award from the Vice-Chancellor of Hyderabad University.

Mysore, Feb. 16:

Dr. N.P. Nataraja, Director, JSS Institute of Speech and Hearing in city, has been awarded Dr. R.K. Oza Oration National award, at the 44th annual conference of Indian Speech and Hearing Association, held recently at Hyderabad. The award was instituted to honour successful entrepreneur in the field of speech and hearing from India and consists of a citation and trophy.

Dr. Nataraja is a scientist, trainer and a pioneer in voice among the Indian Speech Language Pathologists. He has contributed tremendously in escalating the field of Voice Disorders, Speech Sciences and Forensic Speech Analyses. He was conferred with Bharat and Dr. Ratna Oration awards in 1999 at the 31st Indian Speech & Hearing Assn. Conference, Chandigarh. He was also awarded LVA Oration award at the 1st Annual Conference of Laryngology and Voice Association named as Laryngology Update 2012 in Mumbai on Feb. 4 and 5. The award has been instituted to felicitate leading Phono-surgeons and Speech Language Pathologists who have contributed in the field of Laryngeal Disorders, Voice Restoration.

source: http://www.StarofMysore.com / General News / February 16th, 2012

Pan-India Innovators feted

Bangalore:

The Entrepreneurship Week India concluded in the city with over five lakh people being engaged in over 5,000 events.

The E Week culminated with an award ceremony where innovative ideas were honoured and recognised.

The week long campaign sought public support for entrepreneurship and ideas to inspire young people to ‘Invent the Future’ through innovation.

Around 80,000 students and 1,200 faculty members from 540 academic institutions participated in the event and exhibited extraordinary initiative and leadership in engaging various segments of the community.

“Challenges faced by micro entrepreneurs and rural women, water scarcity and traffic congestion are some of the issues addressed by E Week,” said K Srikrishna, Executive Director, National Entrepreneurship Network.

The Nilima Rovshen Creativity and Innovation Award was given to Atharva College of Engineering, Mumbai for resourceful design and implementation of the E Week programme.

The special award for the Most Effective Public Awareness Campaign was awarded to Muffakham Jah College of Engineering and Technology, Hyderabad, for taking the E Week campaign to a cross section of society.

The IPS Academy, Indore and Muffakham Jah College of Engineering and Technology, Hyderabad received the E Week@School Award for engaging the highest number of school students.

The National Institute of Engineering (NIE), Mysore, Vivekananda Institute of Technology, Jaipur, Muffakham Jah College of Engineering and Technology, Hyderabad, IPS Academy, Indore, Velammal Engineering College, Chennai and Bangalore’s Jyoti Nivas College received the Championship Awards for their leadership for increasing awareness for entrepreneurship.

source: http://www.ibnlive.in.com / South> Bangalore / Express News Service / The New Indian Express / Bangalore,  posted February 20th, 2012

 

 

Direct flight to benefit Telugus in UAE

Dubai flight is the first step in providing international connectivity to city’

People from the Visakhapatnam region living in the United Arab Emirates (UAE) are in a jubilant mood with the announcement of a direct flight to Visakhapatnam from Dubai via Hyderabad, according to Sarat of Sharjah-based All Andhra Association of UAE.

At a media conference organised by the Air Travellers Association of India (ATA-I) here on Saturday, he said there were 2.5 lakh Telugus residing in Dubai, of whom 30 per cent were from the Visakhapatnam region. They had been representing to the Government of India for a long time seeking introduction of a direct flight to Visakhapatnam.

Holiday season

The association has been spreading the message of international connectivity through Facebook and has got 5,000 responses so far.

Mr. Sarat said that April being the holiday season, there would be a huge demand for direct flights from Visakhapatnam to Dubai and back. The direct flight would be advantageous to all sections of people living in the UAE, as Air India was also planning to provide transportation to other cities.

Sriram Ravichander, vice-president (logistics) of ATA (I), described the Dubai flight as the first step in the direction of providing international connectivity to Visakhapatnam. The ATA (I) would prepare a roadmap for getting more flights to international destinations such as Singapore, Malaysia, and the U.S. He recalled the efforts made by Union Minister of State for Human Resource Development D. Purandeswari and Rajya Sahba Member T. Subbarami Reddy in getting the direct flight.

Export potential

Capt. Ravichander said every flight could carry four tonnes of cargo and help in boosting exports.

ATA (I) president D. Varada Reddy said it was unfortunate that it took 10 years to get an international flight after the Government of India had declared way back in 2002 that Visakhapatnam could serve as a ‘Gateway to the East’ under the ‘Look East Policy’ due to its proximity to countries in the east.

ATA (I) secretary-general Rajgopal Reddy spoke.


  • Out of 2.5 lakh Telugus residing in Dubai, 30 per cent are from the Visakhapatnam region
  • ATA (I) to prepare a roadmap for getting more flights to international destinations

  • source: http://www.TheHindu.com / National> Andhra Pradesh / by Staff Reporter / Visakhapatnam, February 12th, 2012

    They propel our space programme

    ISRO has, to its credit, developed a sound culture of involving the private sector in several of its projects.

    A clutch of private players has emerged as key input providers for India’s missiles.

    They are literally fuelling India’s space ambitions. Two medium-sized, listed companies in the private sector are, in their own way, contributing critical propellant technology to launch our satellites and missiles.

    While Andhra Sugars, based in Tanuku in the agri-rich coastal Andhra district of West Godavari, has developed a range of liquid propellants that fuel the satellite launch vehicles, Premier Explosives Limited, situated close to Hyderabad, fabricates solid propellants for key missiles. Each has, during the last decade or so, attained expertise, set up sound facilities, and has trained professionals to meet the stringent demands of the Indian space and defence sectors. Interestingly, the core business strengths of both are completely different. For example, Andhra Sugar is mainly into sugar, organic and inorganic chemicals, while Premier Explosives is into providing explosives for the mining and commercial sector.

     

    ANDHRA SUGARS’ EXPERTISE

     

    In space and rocket technology, liquid, solid and hybrid propellants are used. Liquid propellants are derived from petroleum, cryogenic (low temperature) and hypergols (instant igniters). Solid propellants are usually nitro cellulose and nitro glycerine etc., while a hybrid fuel is a mix of liquid and solid. Andhra Sugars has established such skills in its plant located in a small village called Saggonda, approximately 30 km from Kovvuru near Rajahmundry in coastal Andhra Pradesh. The plant routinely produces caustic soda. Hydrogen, which is the raw material for the propellant that the company is making to meet the demands of the Indian Space Research Organisation (ISRO), is a by-product. ISRO uses liquid hydrogen as the propellant in the Geo Stationary Launch Vehicle (GSLV). The GSLV, which can place heavier satellites of the Insat class in orbit has three stages, which are sequentially ignited for the rockets to zoom into space. They are the solid propellant (first), liquid propellant (second) and cryogenic propellant (third). To the credit of this private sector enterprise, Andhra Sugars now fabricates all these propellants.

    With technical support from ISRO scientists, the company has set up a facility to liquefy hydrogen gas and then get the desired purity at the plant. This follows an agreement signed in the year 1997 with ISRO. The ISRO got actively involved in cryogenic rocket technology to power the GSLV with initial help from Russia. It was in 2003 that Andhra Sugars signed a formal contract and the plant was established in 2006, says Mr G. Ramesh, a top executive at the plant.

    Andhra Sugars has a 20-year contract with ISRO for the supply of propellants. It is the only fabricator of the key material in the country at present. The ISRO has a small facility at Mahendragiri, in Karnataka, where it undertakes tests for cryogenic technology development. Given the association of Andhra Sugars from the mid-1980s in the space programme, ISRO has also supported it in setting up the plant in Saggonda.

    ISRO has, to its credit, developed a sound culture of involving the private sector in several of its projects, both for launching and converting the huge amount of satellite data generated towards applications for national development.

    Mr Ramesh said separation of hydrogen from caustic soda is easy. However, the difficult part is to liquefy and then purify hydrogen gas to meet the stringent standards demanded by ISRO, especially for the GSLV flight. The company has imported the necessary plant equipment to fulfil the task. It has taken a couple of years, but now it has trained people and gained technical expertise to do it, says Mr Ramesh.

    On January 28, 2012, the first batch of liquid hydrogen was dispatched in a special tanker to make sure that the liquid hydrogen is maintained at 20 degrees Kelvin or minus 253 degrees C (cryogenic temperature). To transport the material, a tanker, which is thermally insulated has been specially imported from Europe, he explained. It takes five days to reach the material to Mahendragiri.

    Liquid hydrogen is known as rocket fuel because of its wide applications in space technology. It is also used as the fuel storage in an internal combustion engine or fuel cell. Interestingly, hydrogen gas as fuel to power transport vehicles is gaining momentum. Cars and buses running on hydrogen gas have been demonstrated.

     

    MISSILE PROPELLANTS

     

    Premier Explosives Limited, essentially a company involved in the manufacture and marketing of explosives and accessories, got associated with the strategic sector more than a decade ago. It is producing solid propellants for the Defence Research and Development Organisation (DRDO) to power its missiles and also to meet some of the needs of the space programme.

    Building on its strengths and trust imposed in it by the DRDO, it has recently expanded facilities at Peddakandukuru in Nalgonda district of Andhra Pradesh. With an investment of Rs 10 crore, this new project will focus on solid propellants for tactical missiles, like Nag (anti-tank), Astra (air-to-air), Akash (surface-to-air) and Pinaka (multiple-rocket launcher).

    Mr A. N. Gupta, Chairman and Managing Director of Premier Explosives, said the company has been producing solid propellants since 2003 for the DRDO. The present facility for tactical missiles is an attempt to help the country reach self-reliance in defence supplies. In the successful November, 2011, launch of Agni-IV (beyond 3,500-km range intermediate range ballistic missile), the company was given the job of making the second of the two-stage rocket motors, along with the two igniters.

    In the last few years, the Secunderabad-based company, with a turnover of around Rs 103 crore during the fiscal 2010-11, has already supplied critical components like the ‘smokeless’ composition (which helps an aircraft avoid detection after the launch of the missile) and missile motors for the Astra missile and components for the short-range Pinaka missile.

    Recognising its capabilities, ISRO has vested it with the responsibility of operation and maintenance of its second propellant plant at the Satish Dhawan Space Centre, SHAR, Sriharikota. Premier Explosives signed an agreement in 2007 for Rs 70 crore for a 10-year period to handle this important task.

    PRIVATE SECTOR ROLE

    The interesting aspect of the contributions of several small and medium enterprises to the defence programmes is that they aren’t just providing products, but building engineering expertise, design and industry capability that will stand the country’s needs in good stead, said Mr Avinash Chander, Chief Controller (Missiles and strategic sectors) of the DRDO.

    There are several companies like Premier, MTAR, RAP, to name a few, which have been started by first-generation entrepreneur engineers. They take pride in their work, do engineering for satisfaction, and support the country’s efforts towards self-reliance. They are the backbone of several of the DRDO’s projects.

    The multi-billion-dollar defence projects on the anvil open up huge opportunities for the Indian private sector.

    (This article was published on February 16, 2012)
    source: http://www.TheHinduBusinessLine.com / Opinion / by M. Somashekhar / February 16th, 2012