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Bp december 2013

  1. 1. E d i t o r i a l It’s time to wake up from deep slumber Ami akhomiya nahau dukhiya Buli santona lovile nohobo... Ajir akhomiyai nijok nisinile Akhom rosatole jabo... www.businesspositive.guwahati.com Contents... Assam Govt seeks Rs 307430.13 cr from 14th Finance Panel –2 Dr. Bhupen Hazarika had rightly reminded the people of Assam of their present self. But who does care? We boast of ourselves that we are rich, we have everything .Now, the soaring prices of potato, onion, egg, fish etc have revealed another poor picture of the state. No doubt, it is the failure of the state govt to control the price rise. But have we ever tried to be self sufficient? The British had taught us or paved the way of Tea and Oil production. Since then we are carrying the hollow pride that we are the forerunner or number one in the country. But British had not taught us about potato, onion or fish production. That’s why it is very pitiable condition now. From potato to onion or from fish to milk we are dependent on others. We can’t even produce 50 percent of our needs. On the other-hand Oil and Tea, for which we take pride for years after years, their production is also declining. Assam is no longer a major oil exploration destination. The state’s crude production now forms only a small portion of the total production in the country. According to the records of Petroleum Ministry the total crude oil production of India in 2011-12 was 38.09 million tonnes, of which, the offshore production was more than 20 million tonnes .The onshore production was around 18 million tonnes. Of this 18 million tonnes ondhore oil production, Assam and Nagaland’s combined production is 5.02 million tonnes which is below than Rajasthan (6.55 million tonnes) and Gujarat (5.78 million tonnes).The most oil production in the country is from Mumbai offshore oil fields. On the other side, though Assam leads the country in Tea production but its total production is declining. Records show that in 2011-12 Assam produced 591.88 million kg tea i.e. 53.06 % of the total production in the country. But in 2012-13 it produced 588.14 million kg or 51.82 percent of the country. So, it’s time to wake up from the deep slumber. Amway India Continues On Upward Trajectory –3 TCS to hire 25,000 via campus placement by Februar –5 Brahmaputra Jungle Resort –8 Purbanchal Cement : The Real Innovation –9 ‘Green Warrior’ Award to Jadav Payeng –12 Mo Naga unravels the truth behind the tribal tattoos of the region –13 Cabinet’s proposal on Indian Inclusive Innovation Fund –17 The North East Fest 2013 Delhi –19 Executive Editor: Madhurjya D. Konwar Bureau Chief- Kalyan Gogoi ! Chief Co-ordinator ( Delhi ): Arup Jyoti Gogoi ! Co-ordinator (Kolkata): Rudra Pratap Choudhury ! Special co-ordinators : Jasho Rabi (Shillong), Lithung Tungsha (Kohima), Madhurjya Saikia (Duliajan), Tanmoy Saikia(Mizoram), L.M.Sarkar(Agartala) ! Finance and Planing : Dipayan Borah ! Advisor : Pranjal Dutta (Legal) ! Design & Grapics : Nitul Kr. Dutta Address : Guwahati Office– Bhangagarh, Anil Nagar, by lane no2, House no-1, Pin-781003, Guwahati (Assam) ! Delhi Office– A-12, 2nd floor, Kalkaji, New Delhi- 110019 Mobile : 9954223870, 9508708837 website : www.businesspositive.guwahati.com e-mail : businesspositive123@gmail.com
  2. 2. Assam Govt seeks Rs 307430.13 cr from 14th Finance Panel The State government sought Rs 307430.13 crore from the 14th Finance Commission to meet its non-Plan expenditure and give an added thrust to infrastructure development projects in the State. The State government also made a strong plea before the Commission for inclusion of erosion as a natural calamity under Calamity Relief Fund and provide Rs 1,000 crore for rehabilitation of river erosion-affected families. Chief Minister Tarun Gogoi met Commission chairman Y.V. Reddy at the Assam Administrative Staff College and submitted a memorandum seeking Rs.307,430.13 crore to meet the state’s committed expenditure and carry forward infrastructure development activities. The amount covers the state’s specific needs, including upgradation of infrastructure, pre-devolution revenue deficit, additional financial liability for the new pay commission, rehabilitation of erosion-affected families, financial assistance to local bodies, Sixth Schedule areas, other autonomous councils, reform and restructuring of state PSUs and covering non-Plan expenses. Other expenses include those committed by the government such as the implementation of the National Food Security Scheme, establishment of judicial and fast-track courts, modernisation of the police force and upgradation of health and education infrastructure. The chief minister also requested the commission to increase the size of the divisible pool of central taxes from 32 to 50 percent. “The commission should take an effective step to rectify the vertical imbalances between the centre and the states by way of bringing cess and surcharges to the shareable pool of resources,” Gogoi said. The chief minister also made a plea that reduction of royalty on crude oil at discounted price has hit the state’s economy hard, and urged the commission for its intervention in amending the existing methodology for calculation of rate of royalty on crude oil from the existing 20 to at least 30 percent. Gogoi also requested the commission to consider the issue of CST compensation in financial devolution to the states in terms of the recommendations of the Empowered Committee on CST compensation for losses incurred in the past years till GST is introduced. The chief minister made a strong case for inclusion of erosion as a natural calamity under the Calamity Relief Fund and provide Rs.1,000 crore for rehabilitation of river erosion affected families. “Erosion is a much graver problem than floods here. So far 4.27 lakh hectare of land has been eroded since 1950. “Every year, the state accounts for average loss of 8,000 hectare due to erosion,” Gogoi said. Hike in DAVP ad rates for print media The centre has decided to hike the rates of advertisements at which the Department of Audio Visual Publicity (DAVP) releases the same to newspapers and publications for an interim period till a committee appointed by it, finalises new rates. Speaking to the reporters, Information and Broadcasting Minister Manish Tewari said that as per DAVP’s print media advertisement policy, a Rate Structure Committee (RSC) is to be constituted every three years for consideration of revision of rates. He said the 5th RSC was constituted in November 2004 and on its recommendations, the rate card for Print Media Advertisement was issued in 2005 and these rates were valid up to 31st December, 2008. The 6th RSC was constituted in 2008 but it could not submit its recommendations in time and a proposal for grant of interim hike was considered by the I &B and Finance Ministries, Tewari said. He added that based on the recommendations of the 6th RSC, the DAVP rate card for print media was finalised with effect from October 15, 2010 to October 14, 2013. The I&B Minister said the 7th RSC was constituted in May, 2013 and is likely to submit its recommendations very soon. He, however, added the validity of last rate card was effective only up to October 14, 2013 and the Ministry had received representations for grant of interim relief to meet the pending revision of rate card. A proposal for grant of an interim hike was considered by the I&B Ministry in consultation with Finance ministry and concurrence of the Election Commission, Tewari told reporters. – Business Positive Bureau, Delhi BUSINESS POSITIVE December-2013 2
  3. 3. Amway India Continues On Upward Trajectory " Registers Rs2288crores turnover in 2012; aims to touch US$ 1 billion mark by 2020 " Year of wellness and beauty for Amway Women – launches Nutrilite Women’s Health Range and Artistry renewing Peel & Youth Xtend " Announces its first manufacturing plant in India. A mway India Enterprises Pvt. Ltd, India’s largest direct selling FMCG company, continues to maintain upward movement with a turnover of Rs2288crores in 2012, registering a little over 7% growth over the last fiscal when it recorded a turnover of Rs 2130 crores. To meet the growing demand, Amway announced its first Greenfield manufacturing facility in the country with an investment of Rs 550 crore (US$ 100 MN). Talking to the press at the company’s contract manufacturing facility at Baddi, Mr. Yoginder Singh, Sr. VP, Legal & Corporate Affairs, Amway India, said, “Direct Selling Industry in India is showing a healthy growth rate, which is in excess of 22 percent. Amway India has also been growing simultaneously with the current turnover at 2288 Crores, adding up to over 20% CAGR over a period of 5 years. Our focus over the years on improving consumer awareness and accessibility has paid off handsomely essentially as the quality of the Amway pick-up centers has undergone a sea change, and is more experiential for the consumer. Besides the world class quality product, enabling web orders coupled by regular TV campaigns 3 BUSINESS POSITIVE December-2013 have been major growth drivers for Amway. Going by the market trend, we are aiming to touch US $ 1 billion mark by 2020.” The year 2013 started with the launch of Women’s Health Range from brand Nutrilite. Considering the changing lifestyle, the new women’s range which is targeted at both working and nonworking women addresses the nutritional requirements across life stages helping them maintain a perfect balance between health, wellbeing and daily activities. The range includes Nutrilite Hair Skin and Nail that enhances the nail quality, promotes hair, health and makes the skin look better, Nutrilite Tri-Iron & Folic for building better nutritional components and immunity, Nutrilite Black Cohosh and Soy supports the overall wellbeing of women during menopause. In addition to these products, Amway has re-launched advanced Calcium and Bone Health supplement. Nutrilite contributes more than 50% to revenues with the sales in excess of 1200 crore in 2012. In beauty category, Amway introduced two new products under the super premium brand Artistry – The “Skin Renewing Peel”& “Youth Xtend”. The intensive skincare renewing peel helps to stimulate a fresher, radiant and more youthful looking skin. The comprehensive Youth Xtend collection helps reprogram the skin’s future while helping to repair and protect the skin and prolong a younger look. As per the latest findings of the PHDCCI report on Direct Selling 2011-12, the size of the industry grew from Rs 5229 Crores to Rs 6385 Crores and by the year 2015 is expected to cross Rs 10,000 crores. Besides being key source of livelihood for over 5 million people, it also contributes substantially to the tax revenues of the national and state exchequers. Tax
  4. 4. AMAZING WORLD TRUE STORIES Strengthening its 9pm prime collections from direct selling companies have grown by 26.9% in 2011-12 to touch Rs 821.2 crore as against Rs 647 crore. Talking about Amway India’s presence in Assam and Northeast market Mr. Singh, said Assam, the gateway to North-East is one of the key states in Eastern Region with high growth potential. For Amway India too, Assam is a key market .The state has recorded 18% growth in turnover in 2012. To maintain the upward growth, Amway has unveiled Northeast’s first “Brand Experience Centre” in Guwahati in 2013, making it the third city in East with such experiential initiative. The State-of-the-art Brand Experience Centre is a unique experiential branding initiative in Northeastern India in the field of nutrition, wellness and beauty that enhances brand visibility and awareness. We hope that such experiential initiative would add fillip to the growth in Assam. About Amway India: Amway India is country’s leading direct selling FMCG Company. The company has invested more than Rs 151 crores in India, and has 135 offices and 55 city warehouses across the country, covering over 4000 cities and towns through its home delivery network. Almost 97% of the products sold by Amway India are now manufactured within the country through 7 third-party contract manufacturers. Amway does not have its own production facility in India. Amway India currently offers 131 products in five categories of Personal Care, Home Care, Nutrition & Wellness, Cosmetics and great value products. Recently, Amway has tripled production capacities at its leading vendor facility at Baddi, Himachal Pradesh by commissioning four new production lines at an investment of Rs. 55 crores. The first-phase at Baddi saw an investment of Rs 50 crores, taking total investment in Baddi to Rs 105 crores. time band – Ultimate Discovery, Discovery Channel is launching a compelling lineup of enriching programmes in the coming months. Since its launch in 2008, Ultimate Discovery has successfully brought for its viewers the incredible world of science, technology, history, natural world, adventure and exploration. Bringing its viewers closer to the unimaginable real world, Ultimate Discovery features a whole new line-up that captures the best and takes the viewer to new heights in the genre.Every Night at 9PM, Ultimate Discovery continues to fulfill its promise to enlighten and engage viewers with more astounding and breathtaking content.Announcing the new line-up, Rahul Johri, Senior Vice President and General Manager – South Asia and Head of Revenue, Pan-Regional Ad Sales and Southeast Asia, Discovery Networks Asia-Pacific, said, “Discovery Channel is dedicated to bring the highest quality factual content that informs and entertains its viewers about the world in all its wonder, diversity and amazement. Ultimate Discovery at 9 pm is an endeavour to showcase a signature mix of compelling and the best of Discovery programmes.” Ultimate Discovery, in the coming months, launches big ticket shows like Earth Machine, which reveals some of the biggest features of the planet’s internal machinery and how these hidden wonders are driving our existence. The natural history series, Human Planet showcases the incredible ability of people to survive in the most extreme environments and an all new season of You Have Been Warned searches for the funniest, most daring, or just downright bizarre clips and brings together the world’s leading science experts to pull apart and explain the clips to viewers. The Ultimate Experience On Discovery Channel – Business Positive Bureau BUSINESS POSITIVE December-2013 4
  5. 5. TCS to hire 25,000 via campus placement by February T he country’s largest software services firm Tata Consultancy Services (TCS) announced that it expects to hire 25,000 candidates through campus recruitment by February next year. “As far as our trainee or campus hiring is concerned you are aware that we do it from seventh semester onwards, and we have started that exercise- we have said that we will be giving offers to 25,000 people/ students, the process is already on,” TCS EVP and global head, Human Resources Ajoy Mukherjee said. “We will be completing that exercise in January or early February, at this stage we are going to various institutes and doing our campus hiring,” he added. The new recruits are expected to join the company by July “As far as this year is concernedinitially when we started with we said we will be doing with 45,000 as the total hiring which includes trainees.... then we revised and said that we will do 5,000 more- so totally we said that we will be 50,000, that’s what we did at the end of the last quarter,” the IT firm’s HR head said. “As far as hiring target is concerned it is 50,000 and we are pretty much on track as far as that number goes and we will do the review again to see that we should increase it or not,” he added. Stating that off campus placement would be primarily for freshers, Mr Mukherjee said, “....given the environment today where the number of organisations that are visiting various campuses have come down, and the offers are not too many- so can we look at a way where in if we are not visiting but there can be bright candidates who have not got an opportunity. That is what we are looking at.” “....looking at current environment and everything else I think we will be doing part of our student recruitment through off campus,” he said, without divulging any further detail. Reacting to some companies deferring campus hiring, he said “from TCS perspective we have never deferred anything, if an appointment is given, they are for the financial year and they join in the financial year.” Stating that salary levels for trainees joining would be Rs 3.15-3.25 lakh per annum, he said “there are others- if I do hiring for CTO (chief technology officer) labs, there the offer is much higher.” Replying to a question on salary for campus hires being stagnant, he said, “Probably for last four years, it has remained there, it is something we are looking at but at the same time- it is at the bottom of the pyramid, the moment you touch it then we are changing the employee cost throughout the pyramid.” “....at this stage I don’t see any pressure from any angle, but we have inflation- by looking at inflation and everything else it is becoming slightly more difficult for trainees at this point in time. But that is something we are aware of. At this stage I’m not considering any hike or increase,” he said. On attrition, Mr Mukherjee said, “....attrition for us is now lower, in fact we have probably the highest retention as far as the industry is concerned, one of the reasons is of course the whole market is subdued to certain extent, demand is low. There is slight increase in (attrition) from last quarter to this quarter but that is seasonal because this is the time when people go for higher studies.” – Business Positive Bureau, Delhi 5 BUSINESS POSITIVE December-2013
  6. 6. Bharti Airtel To acquire Warid Group’s Congo business B harti Airtel, India’s largest telecom company and service provider in 20 countries across Asia and Africa, announced that it has entered into a definitive agreement with the Warid Group to fully acquire Warid Congo SA. The agreement is subject to regulatory and statutory approvals. With an investment of $70-80 million, analysts believe this deal would be valueaccretive for Bharti, as the acquisition would make Airtel the largest mobile operator in Congo Brazzaville, with around 2.6 million subscribers. At present, Airtel is the second largest operator in that country with 1.6 million customers, while Warid is the third largest with around a million customers. According to PhillipCapital, the deal consolidates the market and it could be value-accretive in the first year of acquisition because Warid is likely to have 25-30 per cent margins and a 20 per cent market share, with an invested capital of $70-80 million. In 2012 (calendar year), Bharti Airtel in Congo posted revenues of Rs 1,090 crore. PhillipCapital estimates Bharti’s average revenue per user (Arpu) in the market at $9. The acquisition of Warid Congo provides Bharti with a substantial market share and lead over the current largest player — MTN Group. This agreement is the third such deal that Bharti is signing with the Warid Group. Earlier, Bharti had acquired Warid Bangladesh and Warid Uganda. With this deal, it would be acquiring Warid’s mobile business in Congo-Brazzaville, one of the more rich countries in Africa with four mobile players. “This acquisition is in line with our stated strategy of strengthening our market position through in-country acquisitions, as and when suitable opportunities come along. We are at an advance stage of successfully integrating Warid’s Uganda operations with that of Airtel and look forward to a similarly swift transition in Congo Brazzaville as well.” said Manoj Kohli, managing director and chief executive officer (international) of Bharti Airtel. Much Welcomed Seminar on Frontiers in Nanotechnology Department of Basic Sciences & Humanities in Royal School of Engineering & Technology under Royal Group of Institutions, known for its academic excellence in the North-eastern region, organized a Seminar on Frontiers in Nano Technology (FNT) on 16 November 2013 at its premises with the objective to bring together the scientific experts and researchers from academia to present and discuss current research findings on the subject of nanotechnology and its contribution towards the society. Dr. Pranayee Datta, Professor, Dept. of Electronics & Communication Technology, Gauhati University, inaugurated the event and delivered the keynote speech on the importance of nanotechnology which is the engineering of practical systems at the molecular scale and has the prospective to change every part of our lives. She explained the effects of nanotechnology on all materials such as ceramics, polymers, metals, biomaterials and its effects on our approach to IT and communications technology, manufacturing as well as electronics. She enlightened the delegates with a thought provoking talk on “Nanoelectronics – From concept to reality,” which encompassed basics of nano-dimensional structures having quantum confinement & their devices with some applications. Following this, an alumnus of Columbia University and a post-doctoral fellow from Stanford University, Dr. Arun Chattopadhyay, Head, Department of Chemistry at Indian Institute of Technology Guwahati who is the pioneer of research in the areas like Nano-materials Synthesis, Composites, Nano-biotechnology, Chemical Locomotion and Quantum Dots & Chemical Reaction of Nanoparticles delivered a lecture on the various aspects of Nanotechnology in the first part of the technical session of the event which was highly informative and entertaining too.This was followed by a special lecture by Dr. Siddhartha Sankar Ghosh, Professor, Department of Biotechnology, Indian institute of Technology Guwahati as well as Post-Doctoral Fellow of Albert Einstein College of Medicine, New York,USA;he highlighted the applications of nanotechnology in areas like Cancer Gene Therapy, Biotechnology & Molecular Pathways Involving Drug Resistance. BUSINESS POSITIVE December-2013 6
  7. 7. Mobile 4G at Rs 6,200 can be reality in 18 months phones based on the latest 4G technology may be available at a price of as low as $100 (around Rs 6,200) in next 18 months, says mobile chipset maker Broadcom. “Operators in the US are looking to buy 4G mobile phones for $100. They are not there yet but they are heading in that direction ... 18 months time should be reasonable to achieve it,” Broadcom Mobile Senior Director (Mobile Platform Solutions) Michael Civiello said. The 4G technology is nearly five-times faster than its predecessor 3G but handsets that work on this ultra fast service are costly. The lowest priced 4G phone is available at around Rs 18,000 in India. However, most of such handsets cost above Rs 40,000. On the other hand, 3G phones have seen major price drop to as low as Rs 4,000 in the market. Civiello said that the $100 4G devices will not come from big Tier I global brands. “It will come from some local brand or no brand company who is not putting any marketing dollar in phone,not putting any promotional campaign etc.” Talking about India, he said the price will depend on volumes and Reliance Jio Infocomm, which is the only company that has 4G spectrum in all telecom circles in the country, can play a key role in driving down the price of devices. On rationale behind major drop in the price of 4G phones, he said that the initial cost of 4G technology component is high, but after development volumes drive down the cost of these components. The Broadcom director feels that there may be a difference of $10 in price in India as 4G spectrum allocated to operators here is different from that in the US. 7 BUSINESS POSITIVE December-2013 IndiGo plans flying small planes to small centres Rahul Bhatia, promoter of IndiGo, the country’s largest airline by market share, said that there were plans to induct smaller aircraft to tap the latent potential in India’s growing regional commercial aviation market. Bhatia, managing director, InterGlobe Enterprises, said the market for regional air connectivity was underserved. “Clearly, there is a market for smaller aircraft. I am not saying it will happen tomorrow. There are plans, but these are not imminent.” He declined to specify the timeline and whether a separate subsidiary would be established for the group’s proposed foray into regional air connectivity services. “If you ask me if we are interested, probably yes. But it is not immediate. We haven’t decided on the details yet; for instance, if we need a new subsidiary,” Bhatia said. The airline, which is adding an aircraft every month to its existing fleet of about 70 A320s, said it would advance the completion of deliveries of the 100 aircraft it had placed orders for with Airbus to November 2014. By December 2013, IndiGo would have a fleet of 85 A320s. On the high ticket prices in the domestic market, Bhatia said the current fare structure was an anomaly. He added while full-service carriers had been slashing fares to compete with budget carriers, an increase in fuel prices and dollar-denominated expenses had forced all airlines raise ticket prices. “The weak rupee and high fuel prices are putting pressure on margins. Airlines are dependent on currency costs. But the religion in IndiGo is to keep prices low; otherwise, I don’t think we can grow 20-30 per cent annually. What you are seeing right now is an anomaly,” he said. On whether the proposed entry of two new airlines into India — AirAsia and Tata-SIA — and the alliance of Jet Airways with Etihad will put pressure on profitability and prices, Bhatia said, “We are not shying away from competition; we will take them head on. India is an underserved market and there is room for everybody to survive and prosper.”
  8. 8. Brahmaputra Jungle Resort A Heaven in the Earth A # Tridib Sarma ssam, with its rich flora and fauna, abundance of nature, the green hills all around, the network of rivers lead by the mighty Brahmaputra, the colourful tribes, the never ending tea gardens, is undoubtedly in the offing to become a major international tourist destination. Sonapur on the outskirts of Guwahati in district Kamrup (metro) in Assam is a miniature Assam. It is also very strategically located being just 40 km from the G.N.B. International Airport at Guwahati and 25 km from the Guwahati Railway Station, and on the midway between Shillong and Kaziranga National Park – the two most popular tourist attractions of Northeast India. People from various tribes and communities like Karbi, Bodo, Tiwa, Rabha, Garo, Tea Tribes and others live in harmony here, to make a rich cultural identity. It is covered by green hills and paddy fields with a number of tea gardens dotted all around. The area has lot of very interesting tourist spots like the Amchang Wildlife Sanctuary, Tagheria Waterfall, Nazirakhat which has an Archaeological Park and a temple of Lord Ganesha, Topatoli Organic Citrus Project etc. A Tribal Museum depicting all the tribes of entire Northeast under the initiative of Govt. Of Assam will be operational from the next year. Pobitora Wildlife Sanctuary, world famous for having the highest density of one horned rhino and a paradise for migratory birds, is just a few minutes drive from Sonapur. Sonapur offers a lot of options to tourists as far as accommodation is considered, but the most popular is the Brahmaputra Jungle Resort, the only 3 star property here. Just 13 km from Guwahati, the capital of Assam and gateway to the most virgin tourist destination- the northeast India, awaits for you a most beautiful and exciting place on earth. Located on top of a hill with a waterfall and a mini-lake, and surrounded by tea gardens on the front and Amchang Wildlife Sanctuary at the back, Brahmaputra Jungle Resort, in pure jungle ambience, yet fully secured, offers accommodation in bamboo ethnic cottages, tents in the midst of jungle, or modern air-conditioned rooms. It has a swimming pool, a multi-cuisine restaurant cum bar, a conference hall, and offers a wide range of activities to its guests. Welcome to Brahmaputra Jungle Resort for a leisurely stay or an exciting 3-4 nights and enjoy in-house activities like elephant and pony ride, boating, fishing, swimming, riffle shooting, trekking, rock climbing, bird watching, barbe-que with bonfire, badminton, etc. Visit to : a tea garden and pluck tea leaves, a tea factory and see the process of tea production, Hindustan Paper Mill and learn how paper is made, elephant safari at Pobitora Wildlife Sanctuary, Tagheria Waterfall, Topatoli Organic Citrus Project, orange garden, Vintage Car Museum, Naziraghat and see the Tribal Museum Centre and the Archaeological Park, etc will keep all guests thrilled for the entire period. BUSINESS POSITIVE December-2013 8
  9. 9. ’’ The Purbanchal Cement Limited group is a leading business player of Eastern India and ranked amongst India’s top five players in the Refractory & Ferroalloy business. ’’ # Rangman 9 BUSINESS POSITIVE Purbanchal Cement The Real Innovation “Innovation paves the way to growth” is rightly proved by The Purbanchal Cement Limited. The constant spirit of innovation of the group has led the group to be one of the pioneers in most of the cement related technology in north east India. The Purbanchal Cement Limited group is a leading business player of Eastern India and ranked amongst India’s top five players in the Refractory & Ferroalloy business. The group is promoted by ‘Maithan Group of Companies’ which has strong presence in Core Sectors like Steel, Ferro Alloys, Refractory and Cement with annual turnover of more than 2500 Crores. Purbanchal Cement Limited is a leading cement manufacturer of north eastern India having a state of the art integrated cement plant. The plant which is located near Sonapur, just 25 K.M. away from the city of Guwahati which allows it to supply ‘Factory Fresh Cement’ directly from plant to Dealer Point/ Construction Site without any transshipment & handling throughout the states of Assam & Meghalaya. The plant is equipped with latest technology and high skilled professionals ensuring highest level of quality & Das commitment. Finished products December-2013 are dispatched in ‘Factory Sealed Trucks’ from plant to ensure supply of genuine quality and quantity of the product up to usage point. In addition to this, product quality is duly certified by ‘Bureau of Indian Standards’. The company is accredited with ISO:9001:2008 (Quality Management System) & ISO:14001:2004 (Environment Management System) by Norsk Akkreditering, Norway. GL Purbanchal Cement being a technology friendly organization and has been introducing new innovations to provide optimum value for money. Introduction of “Silo Facility” in the region gives a pioneering advantage to the organization and has been widely used by the construction industry throughout North East. Use of bulkers for supply of cement is another successful innovation introduced by the organization which is environment friendly and very cost effective at the same point of time. Purbanchal Cement has also Implemented ‘TRUCK SEALING SYSTEM’ first time in the region to ensure superior quality and to eliminate pilferage. Quality of concrete and other construction material is a vital aspect for durability. To assess the quality of these materials Purbanchal Cement has introduced
  10. 10. a service of “CONCRETE TESTING VAN” which facilitates quality assessment at construction sites. Purbanchal cement is also one of the first to use “Ad star Bag” in cement packaging which is internationally renowned due to its strength and bio degradability. Purbanchal Cement is also the first mover to introduce a premium cement brand “Surya Concretec” in the region. According to Purbanchal group ‘SURYA CONCRETEC’ is ‘not just Cement’ but ‘Cement & More’ as this product is enriched with ultra-fine particles of ‘Hyper Active Additives’ which fills all micro pores and forms a ‘DENSE CONCRETE MATRIX’. These intrinsic properties prove this product most suited for Concreting & Foundation Jobs.. This new launch of Purbanchal Cement Limited is a premium quality product especially designed to satisfy the intrinsic technical needs for Slab Casting, Piling & Foundation works. The Company Director Mr. Madhur Agarwalla said– “This product has been introduced for premium segment Customers who deserves the best in their life. This fulfils all the intrinsic requirement of Mass Concreting & Foundation works. The product is enriched with most advanced ‘DCM Technology’ which improves the performance & life of Concrete. The internationally acclaimed & durable AdStar Bag has been introduced first time in North East India.” The company believes that success is not achieved through growth in the operations of the company but also through the developmental activities that we undertake in and around the area of our activities. Thus CSR has always been a key focus area for the company. CSR Activities... EDUCATION: $ Regular Scholarship to meritorious & deserving students $ Distribution of School Bags, Books, Study Materials, Sports Equipments, Musical Instruments to nearby school students $ Setting up safe drinking water facilities to nearby schools HEALTH & HYGIENE : $ Providing local villagers with free 24×7 ambulance support $ Regular free medical check-ups and medicine distribution camps $ Regular Water Sprinkling on village road $ Planting trees within factory premises and surrounding villages CULTURE & RELIGION $ Funding Sree Sree Lakshmi Narayan Mandir at Kamalajari, Sonapur, Kamrup, Assam $ Sponsoring Shree Shree Durga Mandir at Morogdula, Sonapur, Kamrup, Assam $ Organizing Community Lunch during Magh Bihu Festival $ Sponsoring Rongali Bihu Utchhav in local villages $ Free distribution of Wheelchairs for helping poor disabled villagers’ for the welfare of the society. BUSINESS POSITIVE December-2013 10
  11. 11. ONGC extends gain post Q2 earnings The stock was up nearly 3% at Rs 277 on the National Stock Exchange. Oil and Natural Gas Corporation (ONGC) is trading higher by 2.5% at Rs 277, extending its previous day’s around 1% gain, after reporting a better-thanexpected 2.8% year-on-year (yoy) jump in net profit at Rs 6,064 crore for the quarter ended September 30, 2013 (Q2FY14) even after paying record fuel subsidy. The state-owned oil and exploration firm had profit of Rs 5,897 crore in a year ago quarter. The company’s net sales increased 12.8% yoy to Rs 22,312 crore. The board of directors of the state-owned oil exploration firm is schedule to meet on December 06, 2013, to consider payment ofinterim dividend for the financial year 2013-14. Meanwhile, analyst at Motilal Oswal Securities has recommended ‘Buy’ on the stock with target price of Rs 387 per share. The stock currently trades at around 40% discount to its global peers on EV/BOE (1P basis) and timely execution of diesel reforms and passing on of benefits of gas price hike could lead to stock’s re-rating. The stock implied dividend yield of FY14 dividend stands at around 4%, says analyst in a report dated November 13. Kirit Parikh recommendations, if implemented, will be significantly positive for Indian oil and gas sector helping in lowering of under recoveries and increasing profitability of oil PSU’s. Even if the implementation is delayed, the sector outlook still remains positive with continued monthly diesel price hikes, limit on subsidized LPG cylinders and gradual shift to direct cash transfer, added report. 11 BUSINESS POSITIVE December-2013 For oil subsidies, India will rely on 2014-15 Budget: Fitch To fund part of the oil subsidies bill for this financial year, the Centre would have to depend on its Budget for the next financial year, said rating agency Fitch. The agency said the government had allocated Rs 65,000 crore for petroleum subsidies in FY14. Of this, Rs 45,000 crore was used to pay oil marketing companies for the subsidy gap in the previous financial year. Fitch said this left the government with only Rs 20,000 crore to meet its share of the shortfall between the subsidised price and the market price (under-recoveries). This was likely to be insufficient, and it was likely the government would have to draw around Rs 45,000 crore from FY15’s next Budget, it added. With the Lok Sabha polls slated for April-May 2014, the United Progressive Alliance government will present an interim Budget early next year. The new government would announce a full-fledged Budget for 2014-15 around mid-2014. For the first half of this financial year, the total under-recoveries from diesel, kerosene (distributed through the Public Distribution System) and liquefied petroleum gas (LPG) was Rs 60,900 crore. Diesel subsidies accounted for Rs 28,300 crore. In January this year, the government had announced steps to further deregulate the petroleum sector by allowing diesel for industrial use to be priced at market prices. It had also allowed refining and marketing companies to increase the prices for retail diesel 50 paise a month. This led to a steady decline in diesel under- recoveries. The government also restricted the number of subsidised LPG cylinders (on which it incurred an average subsidy of Rs 408 each) to nine per family, per year. This is likely to reduce subsidy in the LPG segment in the second half of this financial year. Assuming under-recoveries in the subsequent two quarters is about Rs 40,000 crore each, total underrecoveries in 2013-14 would be Rs 1,40,000. For 2012-13, the figure stood at Rs 161,000 crore, Fitch said. The agency said upstream players ONGC and OIL would have to shoulder a greater part of the total under-recoveries.
  12. 12. Tata Motors launches new CNG versions RBS Earth Heroes Award 2013 The Royal Bank of Scotland (RBS), a subsidiary of the RBS Group, awarded the RBS ‘Green Warrior’ Award to Mr. Jadav Payeng, Environmental Activist and Forestry Worker from Assam under the RBS Earth Heroes Award for 2013 on Nov 15 in New Delhi. The RBS ‘Green Warrior’ Award was presented to Mr. Jadav Payeng for his continuous effort over decades, which lead to the successful conversion of a sandbar of the river Brahmaputra in to a forest reserve by planting trees. The forest, called Molai forest after him is located near Kokilamukh of Jorhat, Assam, India, and encompasses an area of about 1,360 hectares Mr. Brijesh Mehra, Interim Country Executive, RBS N.V said “I am truly inspired by the dedication of the numerous nominees and winners of Earth Heroes Awards; they are actually making a difference to our vital environs. We believe that corporate should place a higher emphasis on environmental protection and spread awareness, that our long term economic growth is highly dependent on environmental sustainability.” Pankaj Phatarphod, Managing Director, RBS Business Services Pvt. Ltd. said “RBS Earth Heroes Awards recognizes and brings forth the work of individuals and institutions that have done exemplary work in the field of conservation. This is of great motivation for our very young employee work force who get to meet, interact and see the work of the award recipients.” Mr. N Sunil Kumar, Director, RBS Foundation India said “It has been an extremely difficult decision for the jury to identify winners from the nomination received, as each one of their efforts is remarkable and honorable.” Seven individuals/ institutions from the field of wildlife and conservation, who have demonstrated exemplary work on the ground, were chosen by an independent jury, for the RBS Earth Heroes Award. The jury panel comprising of active wildlife enthusiasts, environmentalists and conservationists, reviewed nominations received from across the country. – Business Positive Bureau, Delhi ‘Green Warrior’ Award to Jadav Payeng Tata Indigo emax price starts at Rs 4.99 lakh and goes upto Rs 5.27 lakh Tata Motors recently launched CNG versions of mid sized sedan TataIndigo and compact car Tata Indica under its emax series priced up to Rs 5.27 lakh (exshowroom Delhi). The new Tata Indigo emax price starts at Rs 4.99 lakh and goes upto Rs 5.27 lakh (exshowroom Delhi), while the new Tata Indica emax is priced between Rs 3.99 lakh and Rs 4.26 lakh (exshowroom Delhi), the company said in a statement. The new emax range has CNG and Petrol bi-fuel system options, it added. Commenting on the launch, Tata Motors Senior Vice President, Passenger Vehicle Business Unit (Commercial), Ankush Arora said: “CNG is gaining momentum in the Indian automobile market and we are happy to announce expansion of our CNG portfolio.” The introduction of the new variants comes as an essential step that underlines the company’s commitment to be a sustainable automotive player, he added. The two new variants have been introduced in six markets across India and will now be available in Delhi, Maharashtra, Gujarat, Uttar Pradesh, Andhra Pradesh and Tripura, the company said. Tata Motors had showcased its emax range at the ‘Horizonext’ event, held in Pune, in June 2013, with a commitment to launch its CNG range in a phased manner in FY 14. The Nano emax was the first in the range. BUSINESS POSITIVE December-2013 12
  13. 13. Success story Mo Naga unravels the truth behind the tribal tattoos of the region O ne year back, he opened Guwahati’s first professional tattoo studio cum school, and embarked on a journey towards the revival and promotion of the region’s rich art and cultural heritage through tattoos. Today, after months of travelling and research through the various states of the north east, Mo Naga returns to Guwahati. He carries with him numerous unpublished stories, photos, videos disclosing the truth behind the misinterpretations about the age old tribal communities and the signature tribal art of the Naga headhunters, the Apatanis and more. At a recently conducted press meet in Guwahati, Mo Naga reintroduced an ancient, yet unique way of passing on our knowledge and identity to our future generations- tattoos. Mo also introduced a new logo that is a perfect representation of his mission to revive and restore the tribal tattoos of the region to its original glory. As a Naga youth growing up in Manipur, Mo noticed that though the tribes of north east have a very unique form of body art, yet the stories behind this form of art has never been published or projected to the outer world. The few stories that have been circulated about the Nagas and the Apatanis, have portrayed a twisted or misinterpreted version of the truth. Hence, after gaining substantial popularity and success in Delhi as a tattoo artist Mo decided to return to his roots and delve into the depth of all the information on tribal art and tattoos through an extended research trip in the easternmost corner of the country. Today, Mo Naga is a man on a mission- a mission to dig out the old and blend in the new. Mo has found out the significance of various tattoos 13 BUSINESS POSITIVE December-2013 sported by the tribal communities, many of which have never even been recorded. He is recreating these motifs in a more contemporary style so that they can be sported by the present generation to proudly represent their rich cultural heritage. Speaking on the occasion, Mo Naga said, “A Naga tattoo has always been mark of achievement in the headhunting clans. A headhunter used to get a tattoo whenever he demolished his enemy and successfully collected his head. The more the number of heads he collected, the more tattoos he got on his body. For a woman, different stages of life- puberty, marriage, motherhood, used to be marked with a tattoo of achievement. But with the onset of Christianity and the ban on headhunting, these tattoos lost their significance. I want to revive this form of art and restore it to its old glory.” Mo further added, “I envision a day when a Naga tattoo will once again, be seen as an internationally recognized benchmark of achievements and Naga beauty. I believe, the day is not far when people from all around the globe will be flying in to the easternmost corner of India to mark their various achievements with a Naga tattoo symbolizing his triumph in life.” On the occasion, Mo also spoke about the various misconceptions that have been thriving in the absence of proper information about the significance of the tribal tattoos of the region. Besides, many motifs have never been portrayed or published anywhere before. During his research trip to Arunachal Pradesh, Mo had the opportunity of meeting the Chief Priest of the Apatani tribe and he came to know that the history of the Apatani women have, very unfortunately, been distorted to their utter disadvantage. Apatani women are known for sporting nose studs and facial
  14. 14. tattoos. The common notion prevailing in the contemporary Arunachali society, particularly the Apatanis, is that the women were forced to wear tattoos to make them ugly so that the enemies from neighboring tribes would not abduct them. However, the Chief Priest informed him that this is a heresy theory, a false understanding of Apatani history resulting from lack of proper research. Mo narrated a story he heard from the Chief Priest- about a beautiful and skillful girl called Ami Nwdo Bunyi, who was unable to get a groom. As per the advice of the Apatani God Popee she started wearing nose studs, ear rings and wore tattoos on her face to become more beautiful and was able to attract a handsome groom for herself. As a result, all the young Apatani girls started wearing ear rings, nose studs and tattoos on their faces. Mo says, “The learned priests of the Apatanis, the Chief Priest himself, and other scholars express their dismay as to how a symbol of beauty came to be considered as ugliness. They were all clear that there is only one story behind the tattoos adorned by the Apatani women and that is the foresaid one. Apart from the learned few, the current generation has no knowledge of the real meaning of the tattoos. Even many of the women who have the tattoos are unaware of its proper significance. I want the entire world to know the true stories behind the tattoos of the region, just as we know about the tattoos of the Polynesian and the other South Asian countries today.” Taking Mo’s mission a step further, Headhunters’ Ink organized a 3 day educational seminar cum workshop at the Academy Hall, Kohima from 21st to 23rd November, 2013. “With my research, I am now trying to give back the knowledge that I have earned back to my society. I plan to create a series of patterns inspired from the region’s tribal art and culture, but with a contemporary twist. Each new motif that I design from the primal pattern will carry with it the rich legacy that it represents. When someone gets a tribal tattoo now, he will not do it just because he likes the pattern, he will do it because he knows the story behind it”, Mo Naga concludes. Seminar on Food Processing Industries in Assam FINER had organized a Seminar on Food Processing Industries in the State of Assam during 2013-14 under the Scheme of National Mission on Food Processing (NMFP) 2012-13 on the 19th November,2013at Hotel Gateway Grandeur. The main objective of the seminar was to promote development of food processing, provide employment opportunities for the upcoming entrepreneurs of the State. The seminar was held with sessions like Enabling 1st Generation Entrepreneur’s and Exploring Export Opportunities. The seminar started at 3.00 pm with the welcoming of the Dignitaries by Ms. Indrani Chaudhury, Deputy Director General, FINER which was followed by the felicitation of the Chief Guest/ Dignitaries. The inauguration of the seminar was done by Shri. Shio Shankar Singh, Chairman, Assam Gramin Vikash Bank. Shri. S. Bhattacharjee, Chairman, Food Processing, Agro, Forest, Rural Industry Committee, FINER addressed the Theme of the programme. Other dignitaries like Mr. Subir Ghosh, Managing Director, Annapurna, Mr. Raj Kaoor, Managing Director, Assocom Institute of Bakery Technology & Management, Mr. Champak Deka, State Co-ordination, NERAMAC, Mr. P.K. Bagchi, Lead Auditor, Food Safety Management ,Mr. Kaushik Dutta, Management Executive,FIEO, Ms. Leena Bora Saikia, Managing Director, Frontal Agritech Pvt. Ltd. also marked their presence at the seminar. The seminar was also attended by different groups of people from NGO, Self help group, entrepreneurs, members, colleges etc. An MoU was also signed between Assocom Institute of Bakery Technology & Management and FINER. The MoU was signed by Mr. Raj Kaoor, Managing Director and Ms. Indrani Chaudhury, Deputy Director General, FINER. An interactive session was also conducted between the distinguished guest and members of trade and commerce and food processing industries which turned out to be successful in the overall session. BUSINESS POSITIVE December-2013 14
  15. 15. VODAFONE AND ICICI BANK BRING ‘M-Pesa’ TO ASSAM AND NORTH EAST Vodafone India, one of India’s leading telecommunications service providers and ICICI Bank, India’s largest private sector bank, recently announced the launch of ‘M-Pesa’ - a unique mobile money transfer and payment service in Assam and North East. ‘M-Pesa’ is the trademark of Vodafone. The service was formally launched by senior officials from Vodafone India viz. BJAS Murthy, Operations Director – East, Pushpinder Singh Gujral, Business Head – Assam & North East and Suresh Sethi, Business Head –M-Pesa. ‘M-Pesa’ empowers the unbanked and underbanked sections of the population gain access to financial services via the mobile phone. ‘M-Pesa’ effectively leverages the combined strengths of ‘M-Pesa’ facilitates money transfer and payments via mobile phone Vodafone’s global expertise in the domain of mobile payments and significant distribution reach in India plus the security of financial transactions provided by ICICI Bank. This service will now be available across 350+ towns, 130 Tehsils, 40 Districts through 1200+ specially trained authorized agents and across 91 Vodafone exclusive retail stores & mini stores in Assam and North East. The innovative use of mobile technology makes it possible for customers to enjoy a fast, simple and secure way to transfer money and make payments. Using their ‘M-Pesa’ account, customers can at their convenience: " Deposit and withdraw cash from designated outlets " Transfer money to any mobile phone in India " Remit money to any bank account in India " Make payments to recharge mobile, clear utility bills and for DTH service subscription " Shop at select shops 15 BUSINESS POSITIVE December-2013 " Participate in e-commerce/m-commerce. Highlighting the relevance of ‘M–Pesa’ for the residents of Assam and North East, Pushpinder Singh Gujral, Business Head – Assam & North East, Vodafone India said, “Vodafone is always at the forefront to introduce innovative products and services that enrich the lives of our customers. We are delighted to bring to Assam and North East, ‘MPesa’, a world class mobile banking service, in partnership with ICICI Bank. ‘M-Pesa’, is a safe, secure and convenient service to transfer money and make payments beyond the reach of traditional banking channels. For households where the earning members migrate to larger cities for earning livelihood, ‘M-Pesa’ will be the best way to send money back home to their families.” Added Suresh Sethi, Business Head - M-Pesa, Vodafone India, “Vodafone is the world’s largest and leading provider of mobile payment services through ‘M-Pesa’, which offers millions of people including the unbanked and underserviced sections of society, basic financial services. Today, less than 5 percent of villages in India have a banking outlet. Financial inclusion is a national priority and we believe that with ‘M-Pesa’, we now have the ideal offering to facilitate the same across the country in compliance with all applicable regulations.” Apart from Assam & North East, ‘M-Pesa’ has been rolled out in Delhi, Mumbai, Kolkata, West Bengal, UP East, UP West, Bihar, Jharkhand, Rajasthan, Maharashtra and Goa and will be made available across the country in a phased manner.
  16. 16. I Training Programme for unemployed youths n an effort to train unemployed youths in Assam so that they will be more eligible for different jobs, the National Hydro Power corporation (NHPC) is taking up series of programmes for training such youths under various vocational trainings, and the corporation has started this venture by training unemployed youths from the Gerukamukh area in the Dhemaji district. Recently the NHPC sponsored 20 unemployed youths for Logistics and Transportation Management training program in Kolkata by InSkills (Skill Ventures Pvt. Ltd.) The programme was held under the Corporate Social Responsibility (CSR) scheme of NHPC’s Subansiri Hydro Electric Project. It may be pertinent to mention here that altogether 20 unemployed youths of the nearby villages of Subansiri Lower HE Project were identified by InSkills (Skills Ventures Pvt. Ltd) Kolkata for training on Logistics and Transportation Management at Kolkata through the Skill Development Workshop for Employability and Entrepreneurship that was sponsored by Subansiri Lower HE Project of NHPC Ltd. As a part of the Corporate Social Responsibility (CSR) SD-Scheme, Subansiri Lower HE Project shall bear the expenditures towards the 2 month long training program of the 20 identified youths at Kolkata. InSkills will train the candidates to deal with customers, understand documentation, receive and book items, maintain records, supervise loading and unloading of vehicles, manage vendors, ensure timely delivery and pick-up, data entry in ERP, besides communication skills, teamwork, ethics and introduction to computers. Rakesh, Executive Director, SLHEP congratulated the youths and their parents for the courage and determination shown by them by moving out of the area and undergoing training at a distant place, for which successful candidates would be aptly rewarded in the form of secured jobs. Free Medical Camp organized by Subansiri Lower Project A one day Free Medical Camp was organized recently by Subansiri Lower HE Project in association Gram Burhas of Rupahi Mising Gaon and School Authorities of Nalanda ME School, Chawalduwa, NLP covering 16 villages and 4 wards under NHPC Corporate Social Responsibility & Sustainable Development Scheme (2013-14). Sh. Rakesh, Executive Director, Subansiri Lower Project inaugurated the medical camp in the presence of gaon burhas and school authorities. Many senior officials of NHPC Ltd. were also present on the occasion. Around 350 patients took advantage of the medical camp and medicines were distributed free of cost to the patients. Also free distribution of vitamins tablets & syrups were made especially to school children & old aged. – Business Positive Bureau ICICI Prudential AMC launches ICICI Prudential Value Fund ICICI Prudential Asset Management Company, one of India’s largest AMCs, has announced the launch of ICICI Prudential Value Fund Series Fund 1, a close ended equity fund that focuses on investing in stocks that trade at a discount to their true value. The fund aims at adopting the ‘value investing’ approach where low priced stocks with justifiable higher fundamentals are identified and invested in with the aim of long – term capital appreciation. Speaking on the launch of this fund and the thought behind it, Mr. Nimesh Shah, MD & CEO, ICICI Prudential Asset Management Company said, “Value investing, one of the most popular investment themes globally, is a far bigger theme than any other opportunity in India in prevailing market situation. We are in an interesting period for investment in Indian equities. Having said that, if we take the long term view, whenever we have been in a situation where GDP growth is low, investing in equities during this period has historically proven to offer good returns. For instance, 2001-02 and 2002-03 were years of low GDP Growth which offered a good investment opportunity yielding attractive returns. As against this, 2007-2008 and 20092010 were the best years to sell equities and book profits. BUSINESS POSITIVE December-2013 16
  17. 17. A fter a gap of about three years, the Cabinet is likely to take up a proposal to set up a Rs 5,500-crore Indian Inclusive Innovation Fund (IIIF). The fund will be under the Ministry of Micro, Small and Medium Enterprises (MSME). Officials said though the Planning Commission sanctioned initial seed capital of Rs 100 crore for the fund. Officials said 20 per cent of the total funds for IIFF would be provided by the government, while the rest would come from banks. In 2011, Prime Minister Manmohan Singh had announced setting up of the fund to help the bottom half of the countrys economic pyramid. We have made innovations in areas such as space technology, atomic energy and automobiles. But innovation in our country has focused mostly on the needs of rich, not adequately on solving the problems of the poor. We wish to change this state of affairs, Singh had said. Innovation, he had said, could be a game-changer to move from incremental change to radical change. He added the country needed models of innovation to address problems in areas such as poverty alleviation, health care, rural communications, agriculture, animal husbandry and green energy. In its approach paper to the 12th five-year Plan, the Planning Commission had supported the idea for such a fund, which would specifically focus on encouraging grass-root innovations to help the poor. Cabinet’s proposal on Indian Inclusive Innovation Fund wanted the fund to be set up under the Department of Science and Technology, not MSME, the issue had now been resolved. MSME has floated a Cabinet note in this regard. The fund proposes to invest in a new generation of Indian entrepreneurs who are either building or will build world-class enterprises that focus on the problems of the poor, without compromising on economic success. It will operate as a for-profit entity, with a focus on social investment. Earlier, then finance minister Pranab Mukherjee had Make North East centre for trade & business : Pranab Mukherjee Projecting availability of huge pool of natural resources and quality manpower, President Pranab Mukherjee said the North East region has potential to be a key investment destination and a centre for trade. “There is little time to be lost. Considering the huge pool of natural resources and the quality of its human resources, North East of India has the potential of being an important investment destination and a centre for trade and business. “We must harness the opportunities that are emerging from the rise of Asia and India’s growing economic integration with the region,” Mukherjee said in his first address to Arunachal Pradesh Legislative Assembly. No longer should this region be considered remote, he said. “The Centre and the state government should together rapidly build the infrastructure linkages and connectivity with the rest of India that is required and this Legislature and the people of Arunachal should extend every assistance possible to this venture,” said the President. Mukherjee, who is on his maiden two-day visit to Arunachal Pradesh since becoming the President, asked the state and central governments to complete hydro power projects worth 46,000 mega watts in time. 17 BUSINESS POSITIVE December-2013 GM India records 14 per cent sales growth General Motors India has sold 7,715 vehicles in the month of October 2013 against 6,754 units sold in the corresponding period last year, recording a growth of 14 per cent. These include 2,679 units of Beat, 1,965 units of Chevrolet Enjoy and 1,837 units of Chevrolet Sail. Commenting on the sales, Mr. P. Balendran, Vice President, GM India said, “The marginal sales rebound seen last month is on account of the festival season combined with the emerging demand for new entries. Discounts are at its peak and sales of diesel vehicles are tapering off as the price differential between the two fuels is dropping sharply.” Going by the market scenario, we expect the challenging times to continue as the general economic conditions have not improved. The buoyancy in the market is completely missing and we don’t see any sustained market upturn before a new government assumes office after general elections,” he added. Founded in 1911 in Detroit, Chevrolet is now one of the world’s largest car brands, doing business in more than 140 countries and selling more than 4.5 million Chevrolet cars and trucks alone in a year. The Chevrolet brand was introduced in India in 2003 and is now one of the fastest-growing automotive nameplates in the country. Chevrolet provides customers with fuelefficient vehicles that feature spirited performance, expressive design and high quality. The Chevrolet portfolio in India includes the Spark, Beat, Chevrolet SAIL, SAIL U-VA, Cruze, Tavera, Chevrolet Enjoy and Captiva.
  18. 18. ZICA to Award Scholarships Zee Institute of Creative Art (ZICA), an active player in promoting the growth of animation industry in India, is once again rewarding performance with its ‘Zee Vidyanidhi Scholarship’. Through initiatives such as this, ZICA is trying to take steps toward making it easier for young talented students to fulfill their dreams of being a world class animator. With the ‘Zee Vidyanidhi Scholarship‘, 1000 talented students can get up to 100% scholarship for all courses at any ZICA center across India. This is the third consecutive year when ZICA is rewarding performance with the Zee Scholarship campaign. Application for the scholarship opens from November 11 and runs till 31st December , 2013. The scholarship is provided across all the 30 ZICA centers in India and is valid for all the courses offered at the centre. ZICA provides practical training in 2D Animation, 3D Animation, Visual Effects, Graphic & Web Designing & Gaming, covering all the stages of visualization, Preproduction, production and postproduction. The Scholarship examination will test the students’ creative abilities, enthusiasm and motivation to become a creative professional. With a unique question paper prepared for this purpose and a personal interview following the test, the candidates will be evaluated thoroughly to ensure that they deserve the award. Talking about the initiative, Mr. Anshuman Choudhary, Business Head of ZICA, said, “At ZICA, we believe in promoting creative talent. We want to encourage talented people to pursue their dreams of making it to the creative industry by eliminating any barriers that may come in their way. Scholarship is one such means of helping all potential students realize their dreams.” Tata Sky, India’s leading DTH service and market leader in the HD segment announced a pricing milestone by reducing the price of its HD box from Rs.3100 to Rs.2000. By doing so Tata Sky will now offer a High definition set top box at the price of a Standard definition set top box. Since the launch of its HD service in 2010, Tata Sky has championed the cause of HD adoption in the country and has acquired a dominant market share in the HD segment. A Tata Sky HD set top box gives viewers an enhanced TV viewing experience with 1080i resolution picture quality, aspect ratio of 16:9 and Dolby Digital 7.1 surround sound. Over the last few years, a number of communication campaigns by Tata Sky have helped in increasing awareness about HD services, also educating consumers about the superior viewing experience that HD provides. With more and more people buying HD TVs, the move of pricing HD boxes at SD price will ensure that all these people now get the most out of Tata Sky puts HD in the hands of Everyone their TVs. Moreover even if someone doesn’t have HD TV, he can now future proof his box by going for Tata Sky HD box as it will not only work on his current TV but also on HD TV whenever the customer decides to upgrade. On the latest pricing initiative, Vikram Mehra, Chief Commercial Officer, Tata Sky, elaborated, “Tata Sky has been a strong believer in the potential of the HD segment in India and has played a pioneering role in growing it. Equating the price of the HD box to an SD box will further accelerate the adoption of HD service. This new HD pricing also reiterates Tata Sky’s philosophy of offering great value for money offerings to its subscribers.” IDBI join hands with KfW IDBI Bank Ltd, through its DIFC Branch in Dubai, has signed a loan agreement for USD 340 million with KfW, Germany. The loan has a maturity of 10 years and carries a competitive rate of interest. Shri Melwyn Rego, Deputy Managing Director of IDBI Bank Ltd. represented IDBI Bank Ltd. and Dr. Norbert Kloppenburg, Member of the Executive Board of KfW represented KfW at the signing ceremony held in New Delhi. The loan would be availed by IDBI Bank Ltd. for funding loans to the micro-, smalland medium-sized enterprises (MSME) directly or indirectly through Microfinance Institutions (MFI’s) and Non Banking Finance Companies (NBFC’s). Part of the loan is dedicated for selected infrastructure projects to support municipalities and communities to improve health and living conditions. Commenting on the occasion, Shri Melwyn Rego, Deputy Managing Director, IDBI Bank Ltd. stated that the Bank is committed to provide financial support to the MSME sector which is one of the thrust areas of the Bank. This loan from KfW would provide further impetus in our endeavor of meeting the growing financial needs of this sector which plays a vital role in the country’s economic growth. Shri N.S. Venkatesh, Chief General Manager, IDBI Bank Ltd., while speaking at the event, said this transaction with KfW is the testimony to the long standing relationship between IDBI Bank Ltd. and KfW which goes back to more than two decades. BUSINESS POSITIVE December-2013 18
  19. 19. The North East Fest 2013 Delhi The North East Fest 2013, Delhi organized by Home Ministry of India, North East division and NTC (National Textile Corporation) that started on the 26th October 2013 came to a 19 BUSINESS POSITIVE December-2013 grand close at the NSIC Grounds. The final day of the fest embraced a fresh gust of fashion and cultural progammes along with interactive seminars and conferences and an electrifying Rock Show.Bollywood actress Huma Qureshi sizzled on the runway with her attitude in an outfit by the seasoned designer -Krishna Mehta. The evening kick started with a commendable fashion show by Bambi K and Tonu Riba. Bambi K designs under the label ‘Bambi K’, and is renowned in Nagaland for her work in Bridal Couture. Known for her clean, ‘understatedelegant’ design style, she is also the designer for the ready-towear label and boutique, ‘Gold Dust’. But the garments that she designs with Naga textile and motifs are to her, the most satisfying expression of herself as an artist. Whereas Tonu Ribas’s collection was a true reflection of tribal jewelry and vibrant hues. Up next was Soumitra Mondal’s collection which was all about weaving and craft. He used the 200 fine count khadi and silk in his collection and an array of Jamdani fabrics. A lot of gold and thread embroidery was used to get the festive look. Yellow, Red, Black, Grey, Green and Gold were the dominant colours of his collection. This was followed by the Resort wear label by designers Mayank Anand and Shraddha Nigam. Their signature style is deconstructing silhouettes from the past and reconstructing them to suit modern sensibilities. The fashion fest ended with Huma Qureshi taking the ramp in her stride.Patronizing the Northeastern culture, Bihu the Assamese folk dance was also showcased on the fourth day of the fest. The weavers who had come from North East also joined them which created a beautiful atmosphere of celebration and festivity. During the day, a single session seminar was held on a very significant topic of ‘Marketing tool for national and international markets’. This seminar was hosted by the Experts from Handicrafts and Handloom Export Corporation Pvt Ltd. educating the weavers from the Northeast.