Bp august 2013


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Bp august 2013

  2. 2. Editorial Why Business Positive... Time is changing. Earlier Assam and the Northeastern states Contents... were ‘Outreach’ for the investors. But, now, the North-East has grabbed the attention of the investors. The (positive) effect is clearly visible in the economic scenario of these states. From Tourism, Handloom & Handicraft, Food processing etc. to IT, MSME sector the NE has great potentiality to climb in the ladder of development. Considering this more and more investors are coming and what the most important fact is that the employability field has increased to a great extent. Great numbers of youth got absorbed in various industries which is a very good sign in this conflict ridden region. The Central and State government introduced various schemes to promote Industrialization and trade & commerce. Lots of local entrepreneurs are also emerging. On the other hand, It is the duty of the government and the people of North East to create an investment-friendly environment. Extremist activities along with sudden bandh culture, Strikes would definitely discourage the investors and the Entrepreneurs. Tribute to a Real Achiever BUSINESS POSITIVE, it is our little Endeavour to promote all the positive aspects of the economic activities of this Region. If not, at least we would try to be a platform or bridge among the business world, the government and the common people. We would try our best to encourage and promote the emerging entrepreneurs of this region. Hope we would get response and co-operation from all the sections of our society. NE industrial investment promotion policy will be reviewed Executive Editor: Madhujya Konwar –1 APL gears up for integrated methanol-acetic acid plant –2 OIL plans Rs 12,000 crore investment in the North-East –3 New Banks to Create Huge Job Opportunities –5 Assam has enormous potential to draw investors : co-founder of infosys –7 Tea grower Gobin wins the heart of Canadians –8 –9 NEEPCO plans to add 6,000 MW power by 2020 – 10 Journey to a new dawn – 13 Editor: Bikramaditya Dutta Kakoti Bureau Chief- Kalyan Gogoi ˆ Chief Co-ordinator ( Delhi ): Arup Jyoti Gogoi ˆ Co-ordinator (kolkata): Rudra Pratap Choudhury ˆ Special co-ordinator : Jasho Rabi (Shillong), Lithung Tungsha (Kohima), Madhurjya Saikia (Duliajan), Tanmoy Saikia(Mizuram), L.M.Sarkar(Agartala) ˆ Finance and Planing : Dipayan Borah ˆ Advisor : Pranjal Dutta (Legal) ˆ Design & Grapics : Nitul Kr. Dutta Adress : Guwahati Office– Bhongagorh, Anil Nagar, by lane no2, House no-1, Pin-781003, Guwahati (Assam) ˆ Delhi Office– A-2, 2nd floor, Kalkaji, New Delhi- 11019 e-mail : businesspositive123@gmail.com Mobile : 9954223870, 9508708837
  3. 3. Hemendra Prashad Barooah Tribute to a Real Achiever H e was a real achiever. By dint of his hard work, dedication, intelligence and discipline, he rose to a position that everybody admired him. He had a great tastetaste of art and culture, taste of truth and honesty, taste of patriotism and betterment of society. He was one of the few leaders who in true sense guided the state and its people to the path of progress. He is none other than Hemendra Prasad Barooah, the tea doyen of the state. Barooah left for heavenly abode on 31 st July in Bankok leaving a huge vacuum in the heart of the Assamese people. Actually the octogenarian went to Bankok on 27th July along with his niece for his Medical check-up. He was undergoing his treatment in Bamrungrad international hospital in Bankok. On 31st July after due medical check-up and treatment he returned from the hospital back to Holiday Inn, where he stayed. when he was taking his lunch, suddenly he felt uncomfortable and despite the best efforts of the doctors of the hospital, Barooah breathed his last around 7.20 pm in Indian time. Barooah was the son of 1 famous Shiva Prasad Barooah and Kamal Kumari Barooah. Father Shiva Prasad Barooah was the pioneer in many field, he was the publisher of Doinik Batori, the first daily newspaper in Assam. He was also a tea planter, he was among the few first entrepreneurs of Assam. Born on 1 st April 1926, Hemendra Prasad Barooah passed his childhood in Thengal Bhawan. He was a very meritorious student. He passed matriculation on 1942 securing 6th position under Calcutta University. Appearing from Presidency College he secured 16th position in ISC and than completed his graduation in English from Scottish Church college, under Calcutta University with flying colours. He earned gold medal for securing position. He went to US for higher education. In 1949 he got MBA degree from Havard University of US. Indeed, he was the first MBA of the North-East. Than he returned back to his native land and took charge his father’s business. In a short span of time, he proved himself as a successful entrepreneur. He not only revived the dying tea estates of his father, on 1962 he bought Gotonga, Samuguri and Kamarbandha tea estate from the giant Williamson Magor. Later on he bought Lohpohiya, Gobinpur etc. BUSINESS POSITIVE August-2013 tea estates, he established Super Packaging Pvt.Ltd in Jorhat and B&A packaging Industries in Orrisha. Proving himself as a tea doyen he earned the membership of Indian Tea Board on 1963. It was due his effort that the Guwahati Tea Auction Centre was established on 1970. Barooah was nominated as the president of Indian Tea Association in 1992. He was the one and only Assamese who presided twice in 100 years history of ITA. He was a member of Advisory board of Central Industrial Development Council. He held the post of lifetime MD of B&A Associates. Besides he was the director of , B&A packaging Pvt Ltd. and Assam tea Brokers Pvt. Ltd. Barooah was truely a man of culture. Intimate friend of Dr. Bhupen Hazarika, Barooah produced the Hindi movie Ek pal, directed by Kalpana Lajmi. An avid lover of painting, he had
  4. 4. collected more than 600 paintings including the art work of MF Hussain. But what the most important fact is that to encourage and promote local artists of this region, he too bought paintings from them with heavy price. In 1980 he established Kamal Kumari foundation. Through this foundation, in a bid to promote science, culture, literature, journalism etc. he initiated Kamal Kumari Barooah National Award (science, culture, literature), Shiva Prasad Barooah National Award (journalism) and Amit Kumar Barooah Award (art & painting). The later award was dedicated to his son, whom he lost forever in 2007. In 2013, the central govt. had endowed him with Padmashree Award; in 2012 Assam Agriculture University endowed him with honorary Doctorate degree. The CII, Guwahati chapter honoured him with Visionary Business Leader of Assam (2010). On the other hand noted journalist Wasbir Hussain wrote ‘Life & Times- story of an Assamese Tea Baron’ on his life and activities. Likewise another compilation of articles ‘Swapna Sandhan’ based on the life of this visionary entrepreneur was published on 2009 edited by famous litterateur Arun Sharma. – Business Positive Bureau Hemendra Prashad Barooah with his MBA classmate Bob Preble (File Photo) APL gears up for integrated methanol-acetic acid plant Assam Petrochemicals Limited (APL), the only PSU in the state listed in theBombay Stock Exchange is going to produce 500 tonnes of methanol and 200 tonnes of acetic acid per day, with a capital outlay of Rs 1,028 crore. The Namrup-based PSU, with a net worth of Rs 70 crore, signed financial agreements with 10 banks, the Oil India Limited and other equity holders for the new project. This is revealed by Mr Ratul Bordoloi, MD of Assam Petrocamicals ltd here in guwahati. The PSU is Assam Petro chemicals is looking to acquire around 200 acre land to set up a new manufacturing plant with an installed capacity to produce 100 tonnes of sulphonated formaldehyde per day. Assam Petro-chemicals Ltd managing director Mr Ratul Bordoloi told PTI that “We will set up a formalin plant in the state. For this, we are looking to acquire around 200 acres of land in the next one year.” He added that the company has already seen a land parcel in Goalpara and it is likely to take the possession within next one year. Mr Bordoloi further said that “We will set up the formalin plant after we are done with the ongoing methanol-acetic acid project. It will be after 2016. The unit is proposed to have an installed capacity to product 100 tonnes of formalin every day.” The product sulphonated formaldehyde is a chemical used as additive with cement for bringing down the cement requirement for civil constructions. PMC Consultancy has been engaged for setting up of the integrated Plant. The Project is scheduled to be completed in 2014. Incorporated in 1971, Assam Petro-Chemicals was the first entity to manufacture petrochemicals in India using natural gas as feedstock. – Business Positive Bureau Bongaigaon Refinery Bags Oil & Safety Award The Bongaigaon Refinery of the Indian Oil Corporation Ltd has won the prestigious Oil & safety Award 2011-2012, instituted by the Oil Industry Safety Directorate, Ministry of Pertoleum & Nartural Gas. Dr M Veerappa Moily, Union Minister for Petroleum & Natural Gas, handed over the award to A Saran, Executive Director, who was accompanied by R K Sharma, GM(HSE) and MN Das, DGM (production) of the Bongaigaon Refinery, at a function held at New Delhi recently. Lakshmi Panabaka, Minister of State, Ministry of Petroleum and Natural Gas , RS Butola ,Chairman, Indian Oil Corporation Limited , were also present on the occasion.The Bongaigaon Refinery has been conferred the award under the category of Best Overall Safety Performance Refineries. – Business Positive Bureau BUSINESS POSITIVE August-2013 2
  5. 5. OIL plans Rs 12,000 crore investment in the North-East ‘Oil India Limited(OIL) will invest Rs 12,000-cr in the North-East by 2017 as the public sector energy major looks to step up exploration and development activities in the region. During the 12th Five Year Plan period OIL has a capex plan of over Rs 19,000 crore. Out of this, Rs 12000 crore, which is more than 63 percent is for operations in the north East region.’ —In an exclusive interview with Business Positive OIL Chairman and Managing director SK Srivastava inform this. He said- ‘In the current year we have a capex plan of Rs 3,581 crore out of which Rs 1,982 is earmarked for the North Eastern assets. So the major chunk of expenditure is kept for exploration and development activities in the North Eastern region.’ According to him the company has over 150,000 sq km of petroleum Exploration licence, Mining Licence areas for its exploration and 3 Production activities. OIL has 65 domestic E&P blocks and an International presence spanning USA, Venezuela, Gabon, Egypt, Nigeria, Libya and Yemen among other countries. OIL along with ONGC Videsh Limited (OVL), has signed definitive agreements in Singapore on 25 th June 2013 with Videocon Mauritius Energy Limited to acquire 100% of shares in Videocon Mozambique Rovuma 1 Limited, the company holding a 10% participating Interest in the Rovuma area 1 Offshore Block in Mozambique, for US$2.475 Bn. The acquisition is expected to be implemented via a newly incorporated special purpose vehicle jointly owned by OIL & OVL. The acquisition is subject to the approvals of the government of Mozambique and India, relevant regulatory approvals, pre emption rights and other customary conditions. The transaction is expected to close in the 4th quarter of 2013. Area 1 covers approximately 2.6 million acres in the deepwater Rovuma Basin offshore Mozambique and represents the largest gas discovery offshore East Africa with estimated recoverable resources between 35 and 65 TCF as per operator’s estimates. Partners in area 1 include Anadarko, operator operator of the project, ENH, Mitsui, BPRL and BUSINESS POSITIVE August-2013 PTTEP. Area 1 has the potential to become one of the world’s largest LNG producing hubs with First LNG expected in 2018. The Area 1 LNG project is strategically located to competitively supply LNG to India, and OIL’s and OVL’s participation in the project will facilitate access to the Growing Indian gas market which will supplement the countries energy security endeavour. OIL and OVL will also devote significant financial and technical resource to the development of the project. This investment is expected to farther enhance the strong business and cultural links between Mozambique and India. The Investment provides an early for OIL into one of the world’s largest natural gas assets. It will significantly enhance OIL’s reserve base improving the longer term growth prospects of the company. This equation is in line with our strategic 2020-21 plan which has a strong focus on inorganic growth across the energy
  6. 6. value chain. It will also provide us with firsthand experience of setting up and operating a deep water natural gas field and LNG plant. While farther helping and addressing the growing energy requirement of our country. This is a high quality world class asset with one of the largest discovered resource base, which combined with its location advantage makes this highly attractive investment proposition for us. Company had total income of INR 9,948 Cr and PAT of INR 3,589Cr in financial year 2013 and produced 6.34 MMTOE of oil and gas in the corresponding period. OIL has Total 2P reserve of 916 MMBOE in India with a reserve replacement ratio of over 164% for domestic assets in financial year 2013. Market capitalisation of the company was INR 33,417cr as of 24th June 2013. Physical performance During 2013 financial year ¾ Crude oil production was 3.70 MMT during FY 12, which is lower by 4.71%.Crude oil sales was 3.663 MMT as compared to financial year 12 sales of 3.853 MMT. ¾ The natural Gas production was 2693 MMSCM as compared to 2633 MMSCM during FY12. The sale of natural gas was 2080 MMSCM as compared to 2093 MMSCM during FY12. ¾ LPG production was 46010 MT as The gross income of the company during FY 2012-13 was Rs 11456.32 Crore as compared to Rs 11279.90 Crore during FY 201112, an increase of 1.56%. compared to 52002MT during FY12. During Q4 Financial Year13 ¾ Crude oil production was .872 MMT as compared to 0.967 MMT during Q4 FY12.Crude oil sales was 0.880 MMT as compared to sales of 0.970 MMT in Q4 FY12. ¾ The natural gas production was 647.703MMSCM as compared to 639 MMSCM during Q4 FY12. Sale of natural gas was 511 MMSCM as compared to 498 MMSCM during the Q4 FY 12. ¾ The reason for shortfall in crude oil production during FY13 was due to environmental problems beyond the control of company. Almost 290 incidents of blockades, bandhs had effected the Company’s drilling and productions operations. Financial performance ¾ The gross income of the company during FY 2012-13 was Rs 11456.32 Crore as compared to Rs 11279.90 Crore during FY 2011-12, an increase of 1.56%. During FY 2012-13 the company has achieved PAT of Rs 3589.34 Crore. PAT during FY 201112 was Rs 3446.92 Crore, hence a jump of 4.13%. This was mainly due to higher Natural Gas sales. ¾ During the FY 2012-13, the subsidy sharing by the company towards OMCs under recovery has increased by 7.35% to Rs. 7892.17 Crore as compared to Rs7351.77 Crore during FY2011-12. The subsidy sharing in the Q4 FY 201213 at Rs. 1849.72 was 35.63 lower than subsidy in Q4 FY2012-13. During FY the subsidy shared by Upstream Oil PSU was 37.26% of total under recovery of OMCs, which has adversely affected the profitability of the Upstream Oil PSU like as during the period. ¾ Due to lower International Crude Oil price the Gross realization of crude oil for the Financial year 2012-13 was US$ 109.58/barrel last year. The net realization during the FY 2012-13 decreased by 10.43% to US $ 53.58/ barrel as compared to US $59.82/ barrel last year. Important Highlight ¾ During 2012-13 there has been 7 discoveries including heavy OIL strike in Rajasthan NELP block. ¾ In Mijoram block(NEPL-VI) pre BUSINESS POSITIVE August-2013 4
  7. 7. drilling activities are in progress, 5 locations have been released for drilling. Drilling is expected to commence in FY 2013-14. ¾ In KG Basin block (NEPL-VI) pre drilling activities are in progress, 7 locations released for drilling. ¾ In gulf of Manner (NELP-VIII) processing of acquired data completed. Data sent for Interpretation. ¾ OIL acquired 20% stake in carrizo’s Niobrara Liquid shale assets in US and OIL’s share of production is just above 400 Boe /d. ¾ At Carabobo, Venezuela, Accelerated early Production from first development well has started since 27 December 2012. Current production from three wells is 1800bopd and it is expected to reach 90000bodp by the end of 2015. ¾ In Gabon sakti Block where OIL is the operator, 3 drilling locations were released. ¾ Besides wind energy, OIL has also made a beginning in the field of Solar energy with the commissioning of its second 100 kwp Solar Captive Power Plant at tanot Village complex(TVC) of OILs operational area in Jaiselmer. The first 100kw solar plant is situated at its operational area in Assam. Additionally, OIL has taken up a 5 MW Solar Power Plant to be commissioned near Ramgarh, Jaisalmer, Rajasthan. ¾ OIL jointly along with ONGC Videsh ltd signed definitive agreements in Singapore on 25th June 2013 with Videocon Mauritus Energy Limited to acquire 100% shares in Videocon Mozambique Rovuma 1 Limited, the company holding 10% participating interest in the Rovuma Area Offshore block in Mozambique acquires interest in Giant gas field in Offshore Mozambique. New Banks to Create Huge Job Opportunities The Reserve Bank of India’s decision to allow new players in the banking sector would result into the improvement of efficiency, increase in capital base to meet the credit needs of the economy and generate huge employment opportunities, says a survey by industry chamber FICCI. According to the survey which drew responses from existing banks, NBFCs, corporate and industrial houses and other stakeholders, the setting up of new banks is considered significant in view of the fact that only 35% of the country’s population has formal bank accounts as compared to an average of 41% in other developing countries. 88% of the respondent feel that RBI’s condition for an applicant applying for a license to set up at least 25% branches in unbanked area with a population lf less than 9,999 will play a significant role in expansion of banking services and hence help in increasing financial inclusion. Nearly 70% of India’s population lives in villages, it said, adding that a vast majority of approximately 6.5 lakh villagers do not have a single bank branch thus leaving a huge chunk of rural population in the hands of money lenders. The total number of branches in India stood at 37,471 and the total banking outlets in villages after taking into the account of the branches, business – Business Positive Bureau 5 BUSINESS POSITIVE August-2013 correspondents and other modes was just 1,81,753( as on March ,2012), it said. The survey notes that they can bring it the new processes and technology and will play a significant role in driving competition. First of all, it will also encourage existing players to improve efficiency. Secondly new players with sound financial base will bring in much needed capital that is required to support the credit needs of the economy and they will generate huge employment opportunities, it said.69% of the respondents felt that corporate or industrial houses should be given licenses, while the remaining 31% felt that they should not be allowed to operate as a bank. Irrespective of the fact that the new banks will help in consolidation of the bank sector, 58% of the total respondents felt that new banks should start afresh completely while only 42% of the respondents felt that new banks should acquire existing smaller banks and grow. – Business Positive Bureau Every generation needs a new revolution – THOMAS JEFFERSON
  8. 8. SUPPORT MY SCHOOL CAMPAIGN REACHES GUWAHATI T he Support My School campaign, an initiative to build happy, healthy and active schools for students in rural and semi-urban areas, reached its target of revitalizing 8 schools in Guwahati, marked with the dedication of the Government L.P. School in Markang. The school has been provided facilities such as access to safe drinking water and separate toilets for boys and girls under the campaign. The Support My School campaign recently commemorated completion of 200 schools touching the lives of over 80,000 students. Coca-Cola and along with Support My School campaign partners will invest nearly Rs 70 lakhs for revitalization of sixteen schools in Assam. The Government L.P. School, Markang has been revitalized with contributions made by campaign partner World Vision. The school was dedicated to the children and the community by Mr. Deepak Jolly, Vice President, Public Affairs and Communications, Coca-Cola India and South West Asia along with Chief Guest Mr. Akon Bora, Minister of Social Welfare & Prison; Mrs. Nimi Baruah, Block Elementary Education Officer; and Mr. D. Vijay Kumar, Head - Corporate Partnerships, World Vision India. Principals of all 8 schools revitalized under this season were felicitated at the event for their efforts and support towards the campaign. According to Mr. Akon Bora, Minister of Social Welfare & Prison,” It is a moment of pride for Markang LP school and its students that Coca-Cola in collaboration with World Vision has made this school more approachable. Today the school has proper sanitation facilities, fencing and a playground thanks to the efforts of these two organizations.” Speaking about the project, Mr. Deepak Jolly, Vice President, Public Affairs and Communications, Coca-Cola India and South West Asia said, “At Coca-Cola India, we have our eyes set on the future and this helps us stay connected to the communities and ecosystems we operate in. These are crucial to any organizations operations and continuance in the long run. We believe in working along with our communities to build a model of sustainable development to grow collectively instead of sporadically. This has been our prime motivator in executing the Support My School campaign. The completion of 200 schools under the campaign is a milestone very close to all our hearts. We look forward to reaching evermore students, schools and regions as we move headfirst towards reaching our goal of over 250 schools under Season 2.” Launched in January 2011, the Support My School campaign aims to create a happy and healthy environment in schools for children across India by providing basic amenities such as access to water and proper toilets for girls and boys, enabling them to study in a cleaner, healthier and a more holistic environment. Since its launch, the campaign has touched the lives of nearly 80,000 students across 200 schools. The campaign is expected to reach 350 Schools by end of 2013. Dr. Jayakumar Christian, CEO & National Director, World Vision India says about the campaign, “At World Vision, we are committed to assuring opportunities for employment and value based leadership for all students across rural and semi-urban India. This partnership with the Support My School campaign has helped us further this cause in a tremendous way. The campaign has reached out to some of the most remote areas in the country, helping us impact more lives. Every school revitalized under the campaign brings us closer to our goal of providing the children of this nation with a holistic school environment where they can learn and grow.” – Business Positive Bureau BUSINESS POSITIVE August-2013 6
  9. 9. Assam has enormous potential to draw investors : co-founder of infosys Technology, Tourism and Skill Development. Regarding the development of IT sectors in the state he informed, ‘I have discussed this matter with Mr. Gogoi. We will constitute another task force for this. See, the centre had taken a slew of measures to improve the IT Assam has enormous potentials to draw investors. What Assam government only needs to do is to create an investment friendly atmosphere so that more and more investors come into this region-this is the observation of Infosys co-founder and president of confederation of Indian Industries, Mr. S Gopalakrishnan. He along with a group of delegates of CII had visited chief Minister of Assam Tarun Gogoi recently. In an exclusive interview with Business Positive he informed that in a bid to woo investors to Assam, the CII and Assam Government will constitute a joint task force soon. “I had a long discussion with the Chief Minister of Assam Mr Tarun Gogoi and accordingly, we have agreed to constitute a joint task force for the development of MSME, tourism, healthcare and IT sectors in the state”, Mr. Gopalakrishnan said. Gopalakrisnan’s comment assumes significance at a time when private players are shying away from investment in the state. According to Mr Gopalakrishnan the task force will focus on key areas including Micro Small and Medium Enterprises (MSMEs), Healthcare, Information 7 sectors. I think the state will be able to reap the benefits from the initiatives.” Agriculture, manufacturing, food processing industry are another thrust areas which Assam Government should give priority, feels the cofounder of Infosys. – Business Positive Bureau Subham The leader of the Real Estate... C radled by the most arduous and sincere entrepreneur in the country, Subham has graduated to become a trendsetter in creating world-class landmarks in the lesser travelled part of the nation. Having chartered a decade full of accomplishments on its way to success, It has earned an impregnable goodwill that can be matched by none. The company’s incessant strive for excellence by maintaining the quality benchmarks in terms of futuristic design, hi-quality compliant architecture, raw materials and fixture & fittings has left an indelible impression on not just clients, but also our vendors, associates and competitors. The on-time delivery of projects, and on some occasion even before time, substantiated by its astute attention to the finer detailing and property management services is a perfect example of absolute professionalism and dedication. Supported by a dedicated bench of seasoned professionals in their respective fields, with thorough expertise in the construction science subham reign supreme as the leaders of the real estate industry, in this part of the world. As a group, Subham remain committed to all corporate and social responsibilities and strive to ensure that all economic, environmental and social factors are duly considered before taking major actions and decisions. BUSINESS POSITIVE August-2013 – Business Positive Bureau
  10. 10. ry sto ss cce Su Tea grower Gobin wins the heart of Canadians T he organic tea produced by Gobin Hazarika, the famed Meen Mohon tea has attracted the Canadian buyers for its quality and traditional flavor .Mr Hazarika had started tea cultivation in 1995 on nine bighas of land near modhupur village in Lakhimpur. Hazarika is now planning to expand his garden up to 22 bighas in view of the huge demand in the Canadian market. But what is the specialty of Meen Mohon tea? Hazarika explained that he does not use any fertilizer or machine for producing the tea. “I crush tea leaves by a traditional wooden device (Dheki) and dry it in an iron pan under regulated temperature, which keeps flavour and nutrients intact” he revealed. Interestingly, Hazarika christened the garden after his parents - Meen and Mohan - who died long back. Hazarika’s objective today is to establish his tea in the global market. He has already ventured into the Canadian market and his next destination is to enter the European market. Hazarika has been exporting tea to Canada since 2007. His tea has emerged a leading brand in the Canadian market. “I export nearly 25 kg to Canada annually. But demand for my tea has been increasing in Japan also. As my production process is purely traditional, Canadian buyers therefore prefer it as compared to other brands,” he added. Hazarika has been motivating the small tea growers to switch over to organic format due to high demand in the global market. Despite high demand, organic tea cultivation in the State is still poor. According to available information, total organic tea cultivation in the State stands at 10 lakh kg per annum. Of the 10 lakh kg, nearly 8 lakh kg is exported to overseas market and the rest is sold in the domestic market. “This is a small beginning in my life. I need to work hard to enter the European market. Since European consumers are very quality conscious, I have to strictly maintain the quality quotient,” Mr Hazarika said. – Business Positive Bureau BUSINESS POSITIVE August-2013 8
  11. 11. NE industrial investment promotion policy will be reviewed materialization of investment and number of new units/expansion of capacities, employment generation) before and after implementation of NEIIPP, 2007. The elevation study will suggest any improvement, if required, in the present scheme and also on the present method of scrutiny & disbursement of subsidies under NEIIPP, 2007, including identification of misuse/leakages in the extant package. Industry bodies of the region were asking to make NEIIPP compatible with National Manufacturing Policy (NMP). The study will look into the compatibility of NEIIPP with National Manufacturing Policy (NMP) and to recommend measures for further streamlining NEIIPP, 2007 besides analyzing the impact on units under Micro, Small and Medium Enterprise sector. The study will further dwelt on the effectiveness of removal of thrust and non thrust distinction in NEIIPP 2007 in terms of expansion of earlier non thrust industries. The study should recommend on continuity of the uniformity or re-introduction of the distinction between the two. The central government is all set to within NEIIPP by way of assessment review the fiscal package of North of activity wise investments and employment generation in the East Industrial Investment Promotion beneficiary States and to analyze Policy (NEIIPP), 2007. Government of India had announced spatial distribution There is growing of benefits a special package for the States of Northeast discontentment against (subsidies/ region (NER) (including the NEIIPP policy and concessions / Sikkim) on April 1, politicians, industry of exemptions) and generation of 2007 for promoting the region has been outcome, identify industrial development in pressing for review of reasons for skewed the region and to boost the policy. The policy pattern, if any, and investor confidence. has failed to get suggest remedial Department of desired response from measures. The Industrial policy and study will estimate promotion (DIPP), the investors. and evaluate the ministry of commerce benefits and impact (in case of each and industry will engage consultant of the beneficiary States) of NEIIPP, for carrying out evaluation study of 2007 in terms of achievement of its Industrial Package of Incentives objectives and degree of NEIIPP, 2007 applicable to eight – Business Positive Bureau industrialization (measure through states of Northeast India. There is growing discontentment against the policy and politicians and industry of the region has been pressing for review of the policy. According to DIPP it has been decided to evaluate the implementation of the package so far C & S Electric Ltd , one of the leading suppliers of electrical and its impact on meeting the equipments in India, organized a seminar at Hotel Landmark ,Ghy objectives. To identify reasons/ recently to showcase its wide range of products and solutions. The factors responsible for slow pace of seminar was attended by top officials of various government industrial development compared to departments, a press release said. Unveiling the company’s plan , Nitin other parts of the country and to Rastogi, General Manager (Sales & Marketing ) and Pankaj Kumar, assess whether the objectives of Regional Head, informed that the company has plans to work NEIIPP, 2007 have been achieved. extensively in the North East. If not, the measures for improvement The company’s electrical and electronic products find application of effectiveness of the package. in power generation, distribution, control, protection and final The study will also gauge the consumption. It is also the largest switchgear products from India, the impact of inclusion of some of the release added. – Business Positive Bureau service sector activities C&S Electric Keen to Explore NE Market 9 BUSINESS POSITIVE August-2013
  12. 12. Power Grid signs Pact with NE States NEEPCO plans to add 6,000 MW power by 2020 The North East Electric Power Corporation (NEEPCO) has set a target to add 6,000 MW of power to its generation capacity by next six to seven years to tide over the severe power shortage in the Northeastern region. The Corporation is working on five power projects in the Northeastern region. Out of the five projects, three are hydro while two are gas-based power projects. NEEPCO Chairman cum Managing Director(CMD) PC Pankaj informed this in Agartala. Besides conventional power project, the NEEPCO would also focus on non-conventional power sources. “A 5 MW solar power project will be set up at Manarchak power plant where a 101 MW project is scheduled to be commissioned by September next”,. Mr Pankaj Said. Apart from this, Neepco has already signed an MoU last month with Arunachal Pradesh government to install a 3750-MW capacity hydropower project, biggest ever in the county, along with a 240-MW capacity plant in Assam, 176MW in Mizoram and 85MW in Meghalaya, he said. With the increasing power demand across the region, Neepco is enhancing generation capacity in all its existing thermal power plants by switching over to combine cycle from open cycle, which will also reduce pollution as well as wastage of energy.Pankaj stressed on starting power generation in gas turbines from September at the Monarchak gas-based power project provided the ONGC supplies the necessary gas. Giving details on the 101 MW Manarchak power project, Pankaj said the fist phase 61.9 MW unit is scheduled to be commissioned by September if the ONGC ensures gas supply in time. “We had inked an agreement with the ONGC to supply 0.5 MMSCMD gas daily to run the Manarchak power project. However, the gas pipeline has not been completed yet. We do hope, the ONGC will ensure the required gas supply so that the NEEPCO could operate the turbine in time”, Mr. Pankaj said. According to NEEPCO sources, the project cost of Manarchak has increased from Rs 623 crore to Rs 690 crore due to price escalation. The NEEPCO proposes a power tariff per unit of Rs 3.50. Pankaj also informed that the NEEPCO has started revival of the Dumbur power project, the State’s lone hydro electric project in Gomati district. Besides, the NEEPCO would increase power generation of Agartala Gas Thermal Power Project at RK Nagar. Currently, the power project is producing 84 MW and the NEEPCO plans to add 51 MW power generations by converting it into a combined cycle power project. – Business Positive Bureau Central transmission utility Power Grid Corporation has signed an agreement with six North Eastern States including Assam and Manipur for improving the regions transmission network.The signing of the agreement took place in the presence of P Uma Shankar, Secretary (power), RN Nayak ,CMD, Power Grid and other senior officials from Ministry of Power. ‘ Power Grid signed agreement with six North –eastern states, Assam, Meghalaya, Mizoram, Manipur Nagaland and Tripura to provide its technical and managerial support for the improvement of their respective intra-state transmission and distribution systems’, the company said in a press release. “These projects will improve grid connectivity and enhance state’s capability to supply power to larger section of consumers with economy and reliability” the statement added. Power Grid has been appointed as “Design Implementation Supervision Consultant” by Ministry of Power. The total aggregate estimated project cost is Rs 8,150.07 crores, it added. World Bank has agreed to consider an umbrella loan covering 85% of the total project cost in three tranches of USD 500 million each. States shall be contributing 5% of the cost as equity. The remaining 10% of the cost will be provided by Centre, it further added. – Business Positive Bureau BUSINESS POSITIVE August-2013 10
  13. 13. Reliance Jio 4G venture to invest Rs 700 crore in North-East D’ parloric Where eve becomes elf D’ parloric Beauty Clinic is one of the leading and Premiere beauty clinic with a touch of luxury and comfort, running successfully for more than thirty years. Its main motto is customer satisfaction and to enhance one’s beauty. It has two branches and its located in the heart of the city i.e. GS road. It has a wide range of specialized services. Its entire staff has gone through vigorous training in their field especially trained by Bhanu Sharma. She has expertise in the field of beauty and has gained knowledge from the top institute of the world. When establishing the beauty clinic, Bhanu Sharma wanted to introduce the concept of beauty in Assam. And want everyone to look glamorous with a comfort and hearty smile. D’parloric creates an atmosphere where everyone can come and de-stress, relax and feel comfortable from their monotonous routine. D’ parloric provides various range of skin and hair care, from reasonable to high range. It is their priority that every D’parloric client should walk out with a glowing skin and beautiful shiny hair. D’parloric runs an all round the year offer and heavy discounted offers are provided, too, on special occasions such as Mothers day, valentine day etc. D’ parloric has taken initiative to organise various beauty shows to make their client feel connected to their organization and also to have some fun. The motive behind this, is that- women in today’s world is always entangled with work hence stress is obvious. D’parloric provides a wide range of service like bridal Make-up, bridal packages, body spa, facials, skin tonning, tattoo, nail art, hair and skin and many other services. D’parloric has provided uncountable excellent result in all aspects. D’ parloric Beauty clinic wishes to bring out “the next best version of you” and we wish them best of luck. – Business Positive Bureau 11 BUSINESS POSITIVE August-2013 T elecom operator Reliance Jio Infocomm will invest around Rs 600 to Rs 700 crore to roll out 4G on TD-LTE technology in Assam and Northeast. Reliance Jio Infocomm, which received the BWA spectrum in 2010 to offer mobile broadband services, will create job opportunities for more than 3000 people in Assam. The company has taken an office in Guwahati and recruited around 100 engineers to carry forward the 4G roll out plan. Work of laying optical fiber network (OFC) work has started across the region. The company will set up around 800 mobile towers across Assam alone. Reliance Jio will finish this work by the year end or early next year and things will be ready for roll out by April next year. Reliance Jio is expected to have a 10,000 member team next year from the current 3,000. RIL is committing Rs 150,000 crore investment in the next three years for its expansion plans including 4G venture. RIL did not share details about its specific investment in the 4G project though the Indian telecom industry is expecting $10 billion investment from the billionaire. – Business Positive Bureau
  14. 14. Rosang Café & Store Rosang Café & Store, a traditional restaurant for authentic traditional NorthEastern cuisines is inaugurated in Hauz Khas Village, New Delhi recently. Rosang serves traditional cuisines from all the eight states of NorthEast India. The food menu includes traditional cuisines from Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, A restaurant of traditional NE cuisines launched in New Delhi Nagaland, Sikkim and Tripura served seven days in a week. Some of the unique dishes available are traditional Naga thali, Jadoh (Wild red rice with Non-veg of Meghalaya), Kukhura Masu (Sikkimese delicacy), Singju (Manipuri seasonal vegetable salad), Bilahi Kultwear.com launches T-shirts Kultwear.com, an online store announces the launch of its new designer graphic Tshirts. Kultwear.com is an online initiative which is spreading awareness about social causes through this e- commerce platform. It offers a cheerful mix of fashionable t-shirts with an opportunity to spread awareness on social causes amongst the youth in India and also to raise funds. The newly launched designer T-shirts are available in 5 sizes for both Men & Women and are available at the price of INR 399/- This price includes free shipping within India. Most interestingly, at kultwear.com, INR 100/- from every T-shirt sold is contributed towards social causes on weekly basis The best part this online store, is the transparent display of funds raised making the whole effort more believable & credible. Kultwear.com picks up a social cause relevant to India every week and promotes cheerful tshirts to help raise funds and awareness for the cause of the week. It’s a conscious effort to stay away from pity purchase so every design on the t-shirt is kept cheerful and positive. Almost 75% of the profits are contributed towards funding social causes. – Business Positive Bureau, Delhi Masoor Tenga (Assamese tomato fish curry), To Khan (Chicken curry with Tomato of Tripura), Bai (Mixed vegetable stew of Mizoram) and Ngatok (Arunachali Fish Stew), among others. Besides North-East cuisines, Rosang also serves few selected Chinese cuisine The ambience of Rosang has been nicely decorated with beautiful interiors, coupled with photographs portraying panoramic views of NorthEast, a carved wooden ceiling, and seating cushions made from traditional fabric. Where to find? 35, 2nd Floor, Hauz Khas Village New Delhi-110016 (Behind Hanuman Mandir) Contact no 011-65544411 – Business Positive Bureau, Delhi BUSINESS POSITIVE August-2013 12
  15. 15. Success story Heroka Yepthomi Success and rest do not sleep together for a young and successful entrepreneur like Heroka Yepthomi. He is an inspiration for budding entrepreneurs in Nagaland. Yepthomi’s venture “Oasis” packages drinking water. He Journey to a new dawn began with an investment of Rupees 1.5 crore and now has bench strength of 32 members. he bottling plant has been significant in generating employment, both directly and indirectly. “There is a lot of unemployment in Nagaland. I thought of starting this business to help those guys,” Heroka Yepthomi, entrepreneur.eroka has used state-ofthe-art machinery and his plant is highly mechanized. Currently, the daily turnover is an estimated Rs. one lakh per day.he product from his factory is distributed in Assam, Manipur and other states. The young entrepreneur has big plans for future, including penetrating the fleet market Heroka has Messenger Services The first Taxi service in Dimapur Messenger Services, a branch of ‘Focus India Marketing’, providing fast, reliable, cheap, convenient and hassle free taxi/bike services was launched in the commercial hub of the state, Dimapur recently. Located at Aghacho Apartment, Burma Camp, Dimapur, the ‘Messenger Services’ was inaugurated by former DMC advisor and GB, veterinary colony, Dimapur, Hocto Zhimo, as the chief guest. Hocto before the inaugural programme said this venture was perhaps the first in the state as well as in the entire region and could provide employment opportunities to those educated unemployed youth who wish to be self employed instead of running after government jobs. Lauding the proprietor of the services, Caroline Khieya, for starting a new entrepreneurial venture where educated youth could be self employed, Hocto urged the team to be dedicated and to not only remain confined within Dimapur but also to venture out to other districts. Giving a brief gist about 13 BUSINESS POSITIVE August-2013 set the strategic target of expanding the small-scale industry to other states of India by excelling in customer services. “I started working here since its inception. I was jobless, but after setting up of this bottling plant, I have now got a secure job through which I can sustain myself and support my family. Young entrepreneurs should be encouraged to take up such innovative projects to generate employment opportunities,” Ketovi Achumi, a worker staff. Such innovative projects will inspire young potential entrepreneurs in the region to come out with their own ideas and embark on new ventures. This will eventually assist in the development of the state. the ‘Messenger Services’, proprietor, Caroline Khieya, said that the concept behind venturing into this field was to give relief to those who were in need of “services” by just giving a phone call. She disclosed that the project was initiated without help from any quarters but with “faith”, and added that the concept in opening the service was to assist the “next generation” to be self sustainable. She also said that a branch in Kohima would be launched shortly which will be followed by Mokokchung. Caroline thanked her mother in-law, husband, Khekato and the church for their moral and spiritual support. At the moment, six youth have been employed while another six would be joining soon. – Business Positive Bureau, Dimapur
  16. 16. The Ministry of Food Processing Industries (MOFPI) has launched a scheme for establishment of Green Field Mega Food Parks in the country during the 11th Five Year Plan with the objective of providing adequate infrastructure for the food processing industry along with the value chain from the farm to the market. MOFPI accorded final approval to the North East Mega Food Park Ltd.(SPV) and disbursed an amount of Rs. 5.00 crores to the company for implementation of the project. The Mega Food Park Project will have a Central Processing Centre (CPC) at Nathkuchi, Tihu covering 50 acres NORTH EAST MEGA FOOD PARK of land supported by a network of six Primary Processing Centres (PPC) and 19 Collection Centres(CC) spread across the entire NE Region. Agro Marketing Hub- Mega Food Park- Retail Chain Commensurate with the growing trend of horticulture production in the state, steps have been taken to set-up an Agro Marketing Hub near the state capital Guwahati which will be forward linked with a Mega Food Park and a Retail Market Chain. A food processing park at Chaygaon, located at a distance of 40 km from Guwahati is also under implementation in the district of Kamrup. – Business Positive Bureau Automobile market in the northeast India The Indian automobile market in the north eastern states has increased over the last few years. The north eastern states in India comprise of Assam, Nagaland, Arunachal Pradesh, Meghalaya, Manipur, Tripura, Sikkim, and Mizoram. The best way to travel in these states is through roadways and this is the main reason behind the growth of the automobile market in the north eastern states. Sales of all kinds of automobiles such as multi-utility vehicles, commercial vehicles, and passenger cars have increased in the north eastern states. This has given the Indian automobile industry a major boost. The main reasons for the growth of the Indian automobile market in the north eastern states are: The economy in the north eastern states is rising and this has left the people with a lot of disposable income. People spend this money in buying automobiles. The best way to communicate in the hilly regions of the north eastern states is to use roadways. This have further boosted the sale of automobiles in the north eastern states in India. Various loan schemes have been started by the automobile manufacturers and financial institutions. This has made it very easy for the people of north eastern states in India to buy automobiles. The government have made various polices in relation to the automobile industry like reducing import tariffs and also relaxing equity regulations. The various automobile dealers in the Indian automobile market in the north eastern states are: z Pallavi Motors Private Ltd. in Assam z Anamika Motors in Assam z Progressive Motors in Nagaland z Jain Udyog in Tripura z Eastern Motors in Manipur z Buishi Yada Motors in Arunachal Pradesh z Rani Motors in Meghalaya z HB motors in Mizoram z Entel Motors Private Ltd. in Sikkim – Business Positive Bureau BUSINESS POSITIVE August-2013 14
  17. 17. What’s New in Market Nissan launches new Micra Nissan India recently launched two variants of its top-selling hatchback Micra. The car maker also said it is planning to come out with a refreshed model of Evalia to stimulate demand for its multi-purpose vehicle (MPV) segment. Micra Active and New Micra were launched at a starting price of Rs.3.50 lakh and Rs. 4.79 lakh (petrol) respectively. The Japanese auto major had launched Evalia, its first MPV, in last October and it has sold only 1,567 units so far. “We are in serious discussions...we are not too far (from a refreshed version),” Nissan India president and CEO Kenichiro Yomura told reporters in Mumbai. On the two Micra variants, he said the company has set sales target of 2,500 units a month for the new models. “Our total sales target for this fiscal is 1 lakh units,” he said. According to the company, Micra Active (petrol) is a spacious hatchback offering quality and functionality at a competitive price. It is based on the popular fourth generation city car with redesigned exteriors, refreshed premium interiors and gives a mileage of 19.49 kmpl. The New Micra (petrol) comes for Rs. 4.79 lakh, while its diesel variant is priced at Rs. 5.99 lakh. Nissan launched Mirca in India in July 2010 and has since sold 43,000 units. Globally, the model is known as March and it has clocked sales of over 6.5 million. Mahindra Centuro Mahindra two wheelers has launched Mahindra Centuro- a motorcycle for the generation “Y” .Launched on July 1, the Centuro is powered by Mahindra’s indigenously developed intelligent MCi-5 (Micro Chip ignited-5 curve) engine that delivers a power output of 8.5PS @ 7500rpm with 8.5 Nm of peak torque @ 5500rpm and a claimed mileage of 85.4 kmpl (ARAI approved). Over 10,000 newly launched Mahindra Centuro have been booked by customers across India within three weeks of its launch, Mahindra Two Wheelers Ltd said. Additionally, it includes innovative features such as an anti-theft alarm with engine immobiliser, an encrypted remote flip key, find me lamps and guide lamps for greater visibility.The Mahindra Centuro also offers an advanced digital dashboard with a distance–to-empty (DTE) indicator, service reminder and economy mode indicator. It also offers a maintenance free battery and is backed by a 5-year warranty.”We are truly delighted that the Mahindra Centuro has garnered over 10,000 bookings in such a short period of time. At the same time, we are very aware of the enhanced customer expectations and are striving to meet and exceed them,” said Viren Popli, Executive Vice President – Mahindra Two Wheelers. 15 BUSINESS POSITIVE August-2013 Nokia Asha 501 Recently Nokia launched the new Asha501, the first of a new generation of smart phones runs on the new Asha Platform. The handset pushes the boundaries of affordable Smartphone design with bold color, a high quality build and an innovative user interface at a price affordably at Rs. 5,199. With dimensions of 99.2x58x12.1mm the phone feels elegant and tiny after using all those big Smartphone. Asha 501 has a good 1Ghz processor with meagre 64 MB internal storage, expandable up to 32 GB.