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    Btt Jan 10 Btt Jan 10 Document Transcript

    • BTT-Jan-10.indd 1 1/12/2010 4:49:41 AM
    • Contents January 2010 Editorial............................................................................................................. 3 CovEr story Industrial growth beyond all expectations......................................................... 4 EConomy oECD wants India to further liberalise FDI policy ...........................................11 InFrastruCturE Highways expansion by 35,000 km in five years ............................................ 13 stEEl Easier route for global steel giants to set up base in India ............................. 15 4 GsBa- top rankers Excellence award to saIl Finance Director .................. 16 InsuranCE industrial growth beyond all lIC business up by 35 per cent ..................................................................... 17 expectations life Insurance Industry registers robust growth.............................................. 18 BankInG & InvEstmEnt newgen asv system to reduce bank transaction risks .................................. 19 CapitalVia’s new service schemes ................................................................. 19 It InDustry How ramco onDemand ErP caters to growing smE sector needs ............. 20 - By s. sunderaraj, ramco systems salEs & markEtInG ‘value creators key to propel growth in marketing’ ......................................... 22 EnvIronmEnt ‘End to extractive relationship with nature unavoidable’ ................................ 24 26 PowEr relianCe auTozone Wind industry viewed as strategic sector for Europe’s future ......................... 25 forays into Bangalore CorPoratE reliance autozone forays into Bangalore....................................................... 26 Rane Groups’ ambitious turnover target of Rs. 1,500 crores this year........... 27 metalman-Cellino Jv to make components for global market ........................ 28 WABCO-TVS ABS focus on vehicle safety and steerability ........................... 30 41 HNG Group foray into float glass making ....................................................... 31 kBl’s yamuna awarded lEED Platinum rating for green buildings ............... 32 Siemens partners EKO Diagnostics to provide PET biomarkers in Kolkata ... 33 Philips’ focus on healthcare products ............................................................ 34 High output water purification system from Shivsu......................................... 35 Electrotherm launches largest induction melting furnace ............................... 36 Paramount airways joins hands Raj Petro launches India’s first branded speciality lubricants......................... 37 with Budget rent-a-Car towers Perrin-watson wyatt merger complete .............................................. 38 SubScribe to Zen mobile launches QwErty Z 77 ............................................................. 39 avIatIon Qatar Airways extending service to Copenhagen and Barcelona .................. 40 Paramount airways joins hands with Budget rent-a-Car ............................... 41 tourIsm China tourism award for InorBIt tours ....................................................... 42 EvEnts versatile allma CC3 Combi will be on show at tire technology 2010 ............ 43 CeBIt 2010 to attract new target groups ....................................................... 44 tourIsm Howard Plaza Hotel Taipei focus on business traveller comfort .................... 45 For details turn to page-23 mEn at tHE HElm ....................................................................................... 47  Business and Travel Times January 2010 BTT-Jan-10.indd 2 1/12/2010 4:49:43 AM
    • (Formerly Industrial Herald) Editorial exports turn positive From the publishers of MOTORINDIA Publishers: Gopali & Co., Quanta Zen Building, No.38, (Old No. 2) Thomas Road, 2nd Street, Off. South Boag Rd., Of late there are clearer signs of econom- T.Nagar, Chennai - 600 017. Ph: 044-24330979, 42024951. ic revival, the most notable among them be- Fax: 044-24332413 ing the country’s exports turning positive for Email: businessandtraveltimes@gmail.com the first time in November 2009 after a pro- Founder: M. Rajagopalan tracted downtrend for 13 months. Besides Publisher: the surprise GDP growth of 7.9 per cent in R. Kalidasan (M: 9962025545) the second quarter of the current fiscal, the Managing Editor: export growth of 18.2 per cent at $13.19 bil- R. Natarajan (M: 9381062161 (R) 24343475) lion in November against $11.16 billion in Assistant Editor: K.N. Ananthanarayanan (M: 9445121493) the same month of 2008-09 marked a dis- General Manager (Mktg): tinct reversal of the falling trend. At the same R. Natarajan, Managing Editor time, imports during the month declined by K. Gopalakrishnan (M: 9840897542) Manager (Advt.): B. Vijaya 2.6 per cent at $22.88 billion, resulting in a Designer: narrower trade gap of $9.69 billion against $12.32 billion in November last E. Marimuthu fiscal. The overall trade deficit in the current fiscal is estimated at $66 bil- Mumbai: lion which is much lower than that of $100.15 billion in April-November R. Balasubramanian 2008. FIEO is confident that exports would pick up further if the UPA G 102, Srinagar Co.Op., Housing Society, Off. P.L. Lokande Marg, Chembur (West), Government continues with its stimulus packages for industry, particularly Mumbai-400089. Ph: 022-25252377. the interest subsidy for the export sector. Cell: 9323711291. The general mood is really upbeat, going by the steady rise in share prices Email: r.balagopali@gmail.com Bangalore: and the accelerated activity in stock markets. Buoyed mainly by the higher J. Saravanasundhar influx of both foreign institutional and direct investment, market opera- BS 23, 2nd Floor, Block ‘B’ Ittina Neela, Near tors are sure that India would remain a preferred destination for equity Gold Coins Club, Andapura, Electronics City P.O., Bangalore-560100. Cell: 9880974765 investors across the world. Minor daily fluctuations notwithstanding, the Email: saravanam_j@yahoo.co.in Bombay Sensex keeps rising. It closed the year just gone by at 17464.81, Allahabad: up 7817.50 points from the year ago level. According to market analysts, it Shoubhik Sarkar, 196-A, Chak Raghunath, Jail Road, won’t be unreasonable to expect the gradual return of stock market prices (Behind Asha Hospital), Naini, to the January 2008 level when the Sensex touched 21000. All indication is Allahabad-211008 (U.P.) Ph:0532-2696873 Cell: 9936245032 that, with the ever growing trade volume, the index will pierce the 17500- Email: sarkarshoubhik@rediffmail.com mark sooner than later and soar further. Member: INS / AINEC / IFSMAN It is against this backdrop of robust industrial revival that the Finance Allied publications: Minister, Mr. Pranab Mukherjee, has predicted that the economic growth MOTORINDIA (Eng. & Hindi) The Textile Magazine this fiscal won’t be less than seven per cent. With a fresh push to reforms Owned, Printed & Published by as proposed by the Prime Minister, Dr. Manmohan Singh, and the resilient R. Kalidasan from Gopali & Co., and printed at Gopali fiscal system capable of providing funds for general industrial expansion, Printers, Quanta Zen Bldg., No.38, Thomas Road, 2nd Street , T.Nagar, Chennai-600017. Ph: 42024952 particularly infrastructural development, a growth of 10-12 per cent in a couple of years is also well within reach. All this presupposes retention of The views presented herein are those of the authors. the stimulus packages as desired by all the leading industry associations. In They are not necessarily the views of the editor. All rights reserved. Neither this publication nor fact, they have gone a step further and have sought additional excise and any part of it may be reproduced in any form or by other tax reliefs in the forthcoming Budget. The Government will neces- any means, nor may it be printed, photocopied or stored on microfilm without the written permission sarily have to concede their demand if it is really serious about growth of the publisher. sustenance. Business and Travel Times January 2010  BTT-Jan-10.indd 3 1/12/2010 4:49:43 AM
    • cover story industrial growth beyond all expectations T he Indian econ- The significance of the num- omy recorded a bers could be gauged from growth of 7.9 per the fact that the Government cent in June-Septem- as well as the Plan panel ex- pected slower growth in the ber 2009, the highest in second quarter than the first six quarters, triggering quarter, and most economists hopes that the recovery pegged it in the range of 6.1- has all come and the 6.6 per cent. For the first half, Reserve Bank should the economy grew by seven per now turn its focus on cent against 7.8 per cent a year combating inflation. ago, prompting the Finance However, it would be too Minister, Mr. Pranab Mukher- early to come to such a defini- jee, to expect over 7 per cent tive conclusion, as economists growth this fiscal. worldwide warn that any strat- For the current fiscal, the egy to withdraw from monetary Prime Minister, Dr. Manmohan and fiscal stimuli should be a Singh, had expected the econ- cautious decision and must not omy to grow by 6.5 per cent, be based only on one data. RBI by 6 per cent and the Plan- Mr. Anand Sharma Catapulted by stimuli-pow- Minister for Commerce and Industry ning Commission by 6.3 per ered strong industrial growth, cent. the Indian economy grew not only higher than a mere “...this performance does suggest that there may 6.1 per cent in Q1, but also more than the previous well have to be an upward revision in GDP growth of six quarters. The growth rate was much higher than 6.5 per cent, which has been projected so far”, the 5.8 per cent recorded in the last two quarters of 2008- Planning Commission Deputy Chairman, Mr. Montek 09 when the global financial crisis deepened after the Singh Ahluwalia, said. collapse of the US financial services major Lehman While Reserve Bank Deputy Governor Subir Gokarn Brothers in the middle of September 2008. said “clearly this is better news than we could have Besides industry, the services sector is on an upswing expected and we will have to review the forecast for with community, social and personal services expand- the year as a whole,” the Prime Minister’s Economic ing by 12.7 per cent during the reporting quarter and Council Chairman, Mr. C. Rangarajan, too said the the farm sector logging in a growth of 0.9 per cent target of 6.5 per cent GDP growth for the current fis- against a contraction that was projected due to the cal may have to be revised upwards following the ro- weak monsoon. bust second quarter numbers.  Business and Travel Times January 2010 BTT-Jan-10.indd 4 1/12/2010 4:49:44 AM
    • BTT-Jan-10.indd 5 1/12/2010 4:49:47 AM
    • cover story to prevent food inflation from having a contagion effect on manufactured items. “Food prices must be controlled, otherwise they have a tendency to lead to manufac- turing inflation...this will require monetary action by RBI, especially (money) supply management”, Mr. Rangarajan added. In fact, the RBI Deputy Governor also said it would reassess its soft policy stance. “Clearly now going forward, it (accommo- dative monetary stance) will have be to re- assessed. According to HDFC Chief Economist Ab- heek Barua, a case for an interest rate hike remains. “With respect to monetary policy action, clearly this strong GDP number gives a green signal for some tightening, and we maintain our earlier call of a CRR hike by 50 bps by December-January”. However, industry is not impressed with these talks. In a pre-Budget meeting with Revenue Secretary P V Bhide, a FICCI delegation suggested that RBI should not restrain money supply as economic recov- ery is still at a nascent stage. The FICCI President, Mr. Harsh Pati Singhania, said the current food inflation should be tackled with supply side management and not with tightening money supply, as it would choke the growth process. With this, India continues to be the second fastest Mr. Montek also said RBI’s traditional monetary growing large economy in the world after China, which tools may not be effective in curbing food inflation, recorded 8.9 per cent in July-September of 2009. Mr. Singhania cautioned the Government not to roll- Even as growth seems to be reviving, food inflation back stimulus measures unless recovery is on a firm continued to surge ahead beyond 19 per cent. The footing. Any reversal of duty cuts would also push up climbing food inflation has its economic connotations, inflation further. but also implifications for society at large. It might lead The Government has cut excise duty by six per cent to cynicism among the larger public as food inflation and service tax by two per cent in phases, besides affects them the most, while the benefits of growth are stepping up Plan expenditure to prop up the economy. not easily understandable. On the economic front as However, many economists feel that the government well, there is always a danger that food inflation might may now think of withdrawing the fiscal stimulus. “The spread to manufactured items. government could withdraw stimulus (excise duty cuts) Apprehending this, the Prime Minister’s economic for fast-growing sectors as the Centre’s revenue posi- advisory panel has said monetary actions are required tion does not look too good,” Crisil principal econo-  Business and Travel Times January 2010 BTT-Jan-10.indd 6 1/12/2010 4:49:48 AM
    • BTT-Jan-10.indd 7 1/12/2010 4:49:49 AM
    • cover story mist DK Joshi said. of this year. But the Government has given the assurance that India has been witnessing sensational growth in fac- fiscal stimulus would be there at least for some time. tory production, which reflects in its stupendous 7.9 “My views have always been that we should look at the per cent GDP expansion in the second quarter. The position (stimulus) at close to February,” Mr. Montek quarterly growth numbers have fuelled optimism that observed. economic growth would top seven per cent. In fact, some believe that the stimulus should be The country’s GDP expansion had declined to 6.7 withdrawn with a caution as GDP number might seem per cent in 2008-09 after three straight years of over quite encouraging there are some indicators of per- nine per cent growth. This poor showing was attribut- sisting weakness in the economy which is still propped ed to the global recession, which hit the export sector up largely by the step-up in government expenditure the hardest. Overseas shipments have been falling for and not private consumption. 13 straight months, but the consolation is the pace of Private final consumption, in fact, fell to 54.9 per decline is slowing down. cent in the second quarter of this fiscal Commerce and Industry Minister Anand Sharma against 55.5 per cent a year ago. told Parliament that exports would In this situation, any raising clock 15 per cent growth next fiscal, of interest rates might further giving a sneak peak into the shape curtail private demand and of things to come. This is exactly again push the economy why the country’s top econo- back to slow growth. mists, including Mr. Ahlu- As such, the Govern- walia, believe that recov- ment has to do a tight- ery is here to stay. rope walking to keep Great depression propping up the econ- days omy and manage food Compare this with the inflation. It should, in 1920s, the decade of the fact, concentrate on the Great Depression that supply side management stretched until the late of food items, instead of RBI 1930s. The recession ac- tightening money supply as credit tually started in 1920 when offtake anyway is not picking up much in the government decided to cut the economy. back on spending (which was thrice the Global economic scene size of its revenue collections). The year 2009 has panned out quite well in terms The years that followed saw skewed growth and the of how the world has picked itself up within a year bubble was punctured on October 24, 1929, when of this century’s worst economic crisis. India too the stock markets crashed. In the 1920s, an average has done remarkably well so far, although these of 600 banks failed each year. In fact, 1932 and are early days to assess the impact of a credit crisis 1933 turned out to be the worst years of the reces- brewing in the Middle East. Like aftershocks that fol- sion, with the economy witnessing severe contrac- low earthquakes, every crisis is bound to have ripple tion. It was not until 1934 that the first turnaround effects and the crisis in Dubai could be one such. was seen. One sure sign of global recovery is that the pace of Us exits recession vanishing employment has come down as against Given this backdrop, the US, the world’s largest an average 9,000 job losses daily in the beginning economy, surprised pundits in the July-September  Business and Travel Times January 2010 BTT-Jan-10.indd 8 1/12/2010 4:49:50 AM
    • BTT-Jan-10.indd 9 1/12/2010 4:50:22 AM
    • cover story quarter when its GDP expanded by 3.5 per cent. A a year ago. quarter before that, the world’s second largest econ- Inflation trouble omy, Japan, had posted 0.9 per cent growth to exit Just as aftershocks are certain to follow earthquakes, recession. inflation will follow rapid growth. Although Indians saw While the initial days of recovery were one of jobless the cost of living contract, on paper, for the first time in growth, even this situation has started correcting. The over three decades, the low inflation numbers couldn’t rate of unemployment is falling in the US. conceal high food prices for long, as the common Elsewhere, Australia’s central bank hiked key policy man cut back on potato, onion and pulses now and rates saying the worst of the recession is over. The Re- again during the year. serve Bank has too hinted it is time to exit the easy Food inflation touched 19.05 per cent as of the money policy unleashed in 2008 to cushion the econ- fourth week of November, largely due to supply side omy from the global financial crisis. constraints, first caused by drought and then floods Although the recovery is largely due to the $4-5 tril- across many parts of the country. The Congress-led lion worth stimulus measures, it is acknowledged that UPA, which returned to power for the second term on these are early days to remove the prop. the plank of “Aam Admi”, was naturally concerned by Mr. Pranab Mukherjee has made it clear that he political parties both inside and outside Parliament would watch the situation before taking a call on exit- for the rising cost of living – a development that may ing the stimulus measures announced during Decem- prompt RBI to tighten money supply. ber-January last. The Government’s stimulus steps It is acknowledged that monetary policies cannot had shaved off thousands of crores from its indirect do much about stepping up supply of essentials, but tax revenues, thus inflating the country’s fiscal deficit the central bank feels tightening the policy would to an ugly 6.8 per cent of GDP . help put the lid on inflation. RBI Governor D Sub- But not all of this growth is using the crutches called barao had said that while monetary policy is an “in- ‘stimulus’. The country’s auto industry, which was effective instrument” to rein in growth in food prices, consumed by fear at the height of the crisis that peo- such tools may be needed to dampen inflation ex- ple would shun cars, posted a stunning 61 per cent pectations. growth in November. This followed the 10.3 per cent Not long before the economic crisis set in, the Gov- growth in factory production in October. ernment and the central bank had outlined controlling Mr. Ahluwalia said: “To get a growth rate well above inflation as their priority. However, this took a back 10 per cent is not just a base effect. There is an ele- seat despite a steady rise in food prices all through the ment of growth that is taking place which I hope will crisis days. Now that growth appears to be back on be sustained.” road, the authorities have the luxury of using the lasso For the first seven months of the fiscal, the Index of on inflation. Industrial Production (IIP), which measures industrial - PTI Economic Service growth, expanded by 7.1 per cent against 4.3 per cent 10 Business and Travel Times January 2010 BTT-Jan-10.indd 10 1/12/2010 4:50:22 AM
    • economy oecD wants India to further liberalise FDI policy t he organisation of economic cooperation and Development (oecD) wants India to liberalise its foreign investment pol- icy, especially in retail, banking and insurance sectors, the key areas of interest to global investors. the demand comes on the back of India’s FDI in equity touching $125 billion in september last since 2000. India has managed to attract ance and progress in the past year Industry Ministry said India has al- huge foreign equity despite “poor has been particularly strong, even ready indicated its willingness to infrastructure” and ceiling on FDI in a very tough global environ- liberalise the FDI policy in the in- inflows in certain sectors. OECD’s ment. This is a vote of confidence surance sector. A Bill to raise the investment policy review of India in India.” ceiling on FDI from the present 26 says New Delhi has designed poli- While OECD and global retail per cent is lying in Parliament. cies to encourage investment as giants like Walmart Stores want In- The investment policy review lists part of market-oriented reforms dia to open its multi-brand retail for a series of recommendations for since 1991 that have paved the FDI, it does not appear that New India: way for improved prosperity. Delhi would make any change in l Further relaxing restrictions on “Restrictions on large-scale in- the policy, at least in the near fu- inward FDI in sectors such as bank- vestment have been greatly re- ture. “The policy on multi-brand ing, insurance and retail trade. laxed. Many sectors formerly re- retail (i.e., ‘no FDI’) acts as a so- l Regularly reviewing the remain- served to the public sector have cial security net for millions of small ing FDI restrictions in other areas to been opened up to private enter- retail traders in the country,” Com- ensure that their costs do not out- prise,” the OECD report notes. merce and Industry Minister Anand weigh their expected benefits. But further reforms are needed, Sharma had said while launching l Developing a system of com- the report prepared by the club of the report along with OECD Sec- parable FDI statistics for the States 30 rich nations said. “India’s policy retary General Angel Gurria in the and Union Territories as a basis for framework for FDI still remains re- first half of December. cross-State monitoring of FDI per- strictive compared with most OECD A parliamentary panel has al- formance. countries.” ready suggested a blanket ban on l Strengthening corporate trans- In recent years, India has be- FDI in the retail sector. parency and responsibility to align come a major global player with On OECD’s suggestion of open- India more closely with the interna- high economic growth rates and ing up of the banking sector for tionally-recognised standards and is today an important destination FDI, Mr. Sharma said foreigners practices. for FDI. However, OECD suggests can invest up to 74 per cent in the India’s special steps removal of “red tape” for more sector. “Isn’t it enough,” he asked. The first OECD Investment Pol- investments. “India’s FDI perform- Officials in the Commerce and icy Review of India shows great Business and Travel Times January 2010 11 BTT-Jan-10.indd 11 1/12/2010 4:50:22 AM
    • economy progress in building a successful many bilateral investment promo- Last but not the least, India is policy environment to encourage tion agreements and double taxa- rightly proud of its long tradition investment and the resulting ac- tion avoidance agreements since of the rule of law. But for inves- celeration in FDI inflows and eco- the mid-1990s. Foreign-owned tors, both domestic and foreign, nomic growth. companies are now taxed the significant delays in justice can India has taken huge steps for same as domestic enterprises. mean bankruptcy, and hence a improving its regulatory investment However, according to OECD, risk too big to take. Strengthening environment: the “license raj”, many challenges remain. The de- the capacity of the judicial system which shackled industry with nu- velopment of high-quality infra- could make a big difference to in- merous unnecessary permits, has structure is an essential require- vestment. been largely dismantled. Crucial ment for India’s rapid growth. The India is doing a lot to bring in issues for investors have started Investment Policy Review suggests more FDI. It is continuously sim- to be tackled by the Indian Gov- a further easing of the remaining plifying it FDI policy. Invest India, ernment, such as IPR protection FDI curbs to support the Gov- a non-profit making joint venture which has been strengthened. The ernment’s important social and of the Government and industry, Competition Commission has just development goals. Many of the has been launched to help foreign started work this summer, and the remaining FDI restrictions apply investors, especially those in the corporate governance framework to sectors where productivity and small and medium enterprises. has been improved. growth need to be enhanced, such Different ministries like Road and Much of the economy has been as banking, insurance and retail Textiles are holding roadshows in opened to foreign investment. distribution. different parts of the world to at- Since 2000, the FDI regime has Another major challenge in In- tract foreign investment. A Bill to been an OECD-type “negative dia is to realign economic growth liberalise FDI policy in the insur- list” approach in which all sectors with equality perspectives. “While ance sector is in Parliament. not on the list are open to foreign national economic growth has The Government is in the proc- investment. been impressive since 1991, the ess of relaxing FDI norms for the Public ownership of industries gap between the richer and poor- promising real estate sector by do- has been substantially reduced as er Indian states has widened.” This ing away with the three-year locks many sectors which were previ- trend needs to be reversed if the in period for foreign investments. ously reserved for the public sec- Government is to reduce inequali- An e-project has been launched tor have been opened to private ties. to integrate the FDI procedures in- enterprises, including foreign in- While the Central Government cluding approvals. vestment. has reduced the number of ap- There are also plans to set up a Experimental economic zones provals needed for new invest- panel of State industrial ministers have been set up to test further in- ment, administrative procedures to encourage State-level reforms vestment liberalisation measures. need to be streamlined at the to attract FDI. The Government has concluded State level. - PTI Economic Service 12 Business and Travel Times January 2010 BTT-Jan-10.indd 12 1/12/2010 4:50:22 AM
    • InFrastructure Highways expansion by 35,000 km in five years Unrolling one of the most ing for double-laning of 6,300 ambitious plans for the Indian km of single-lane highways, highways, the Government, it out of a total of about 19,000 seems, wants a complete make- km single-lane highways in the over of the roads indicating that country. the country could add impres- Under the viability gap sive 35,000 km of highways in scheme, funds and concessions the next five years, besides long are provided to the developers stretches of expressways, if all to make the projects viable, goes well as per plans. while annuity is a financing Taking a string of measures model where the developer fi- to remove regulatory and other nances, builds and maintains bottlenecks besides to ensure the highways contract in ex- financing for the sector, the change of annual grants by the Government says it is close government. to getting $3 billion from the The World Bank chief, in- World Bank while looking at teracting with the media, had an additional $2 billion. said the agency could increase An Empowered Group of funding for India after con- Ministers (EGoM) compris- sulting shareholders and is in ing the Finance Minister, Mr. Mr. Kamal Nath, talks with the Finance Ministry Pranab Mukherjee, the Road Union Minister for Road Transport and Highways for funding highways. “There Transport and Highways Min- are so many different projects ister, Mr. Kamal Nath, and the Ministry is also looking at various in India... but there is even more Deputy Chairman of the Planning options to raise Rs. 3 lakh crores that we can do for India. My chal- Commission, Mr. Montek Singh that would be invested in road lenge is to go back to some of our Ahluwalia, has already started development projects over 2010- shareholders so that we can give deliberating on financing plan for 11. more in India. We know that the the ambitious National Highway The World Bank has already national highways programme is Development Project (NHDP). agreed to look at newer ways to very important. So we are also in The EGoM at its maiden meet raise its funding commitment for talks with the Ministry of Finance,” on December 7 deliberated on the highways projects. Mr. Kamal he said. getting a $2 billion further bor- Nath had said after meeting the Responding to Mr. Nath’s re- rowing from the World Bank for Bank chief Robert Zoellick on De- quest for assistance from the road projects spread over the cember 2. “The World Bank has World Bank and IFC in formu- next two-three years. agreed to look at funding viability lation of mega projects, he had The EGoM was constituted fol- gap and in the annuity projects said, “as he (Nath) said it is partly lowing the Prime Minister-ap- not only in terms of financing but a question of financing and it is pointed B K Chaturvedi Commit- in terms of institutional support as also a question of trying to apply tee recommending its need for well”, Mr. Nath had said. the experience being followed in fast-tracking highways projects in The Ministry has sought a projects around the world recog- the country. At the same time, the $2.96-billion World Bank fund- nising, of course, that India has Business and Travel Times January 2010 13 BTT-Jan-10.indd 13 1/12/2010 4:50:24 AM
    • InFrastructure its unique circumstances.” plans inviting bids for 10 mega tlenecks in land acquisition, the “We propose working with the highways projects under public- Government has already set up International Finance Corpora- private partnership, and is in the 61 special land acquisition units tion for our Expressway Authority process of making feasibility re- (SLAUs) and is in the process of right from the beginning on what ports. constituting more such units to should be viable projects because “The National Highways Au- address the problems relating it is new to us”, Mr. Nath had said thority of India (NHAI) has made to delays in land acquisition for earlier. initial identification of 10 mega highway projects. The Government plans to take projects in various States for im- The said units under NHAI have advantage of the World Bank’s plementation in a phased man- been delegated power for prepa- and IFC’s experience in projects ner,” the Minister of State for ration of notification for land ac- not only in terms of financial re- Road Transport and Highways, quisition and finalising the com- sources but also on a wide spec- Mr. R.P .N. Singh, told the Lok pensation package, disbursement trum of issues which they have Sabha. of compensation to land owners dealt with globally. Sources said that these mega and mutation of land acquired The Transport Ministry has set projects, under the public-private under the Act. So far 61 SLAUs an ambitious target of construct- partnership, entail an investment have been constituted in Kerala, ing 35,000 km of highways in five of Rs. 45,000 crores to build Tamil Nadu, Orissa, Karnataka, years and has already announced more than 4,800 km of modern Andhra Pradesh and Jharkhand. Rs. 2 lakh crore investments in the highways. The projects include Over 100 more such SLAUs will sector in the next two years. In six-laning of highway stretches in be set up across the country and addition, the Government is also Rajasthan, Gujarat and Andhra would be for a specific period of considering the options suggest- Pradesh, four-laning of highway one year, headed by ADM/SDM ed by the Chaturvedi Committee stretches in Gujarat, Maharash- level officers and will have 20-25 to raise finances by issuing bonds tra and Madhya Pradesh and members. with longer tenure, and availing two-laning with paved shoulders With the new system, senior lev- a line of credit from LIC and pen- of stretches in Punjab and Rajas- el revenue officer (ADM level) will sion funds for raising finances. than. The other stretches to be be required to co-ordinate with The Ministry is looking at issu- built under the mega projects are SLAUs in the States, the Minister ing a new type of bonds and rais- in Goa, Bihar and West Bengal. said, adding that the States have ing money from banks for financ- The development of highways also been requested to constitute ing road projects. Apart from this, would cost about Rs. 3,76,000 high-level committees under the it is looking at long-term sources crores in the next four years, and chairmanship of chief secretar- of finance such as pension funds about 50-60 per cent of this is ex- ies to remove the bottlenecks for and insurance funds for post-con- pected to come from the private the projects and expedite the land struction risks like maintenance of sector, according to government acquisition process. roads. estimates. - PTI Economic Service Meanwhile, the Government Meanwhile, to remove the bot- 14 Business and Travel Times January 2010 BTT-Jan-10.indd 14 1/12/2010 4:50:25 AM
    • steel easier route for global steel giants to set up base in India Partnering a domestic company partner to enhance its position at steel maker Uttam Galva, to mark to set up base in India is the best the global podium. There is more its first operational presence in In- option available to the global steel in the offing. The companies are dia. The company has been strug- giants in the current scenario, in- exploring options of mutual stock gling to give shape to its Rs. 1-lakh dustry experts say. holding, a move likely to fetch JSW crore projects in Jharkhand and Visa Steel, promoted by the Kolk- the much-needed cash to reduce Orissa amid problems in acquiring ata-based Visa Group, which is its debt among other things. land and regulatory hurdles. Fed partnering China’s Baosteel Trad- “The option of mutual sharehold- up with the pace of the progress ing Co. for its ferro-nickel plant in ing is part of our larger discussion, in the two States, it has even ap- Orissa, says the inorganic route of which will evolve over time,” JSW proached Karnataka for setting up expansion would be an attractive Steel Vice-Chairman and Manag- a plant. option for global steel companies ing Director Sajjan Jindal said. The world’s fifth-largest steel mulling setting up a base in India. JFE Steel Chief Executive Officer producer Posco has also failed to “If you are hungry and want to Hajime Bada observed that the kickstart its Rs. 54,000-crore India join the India party, this is the route company wanted to secure a local project due to widespread tribal for you,” Visa Group Chairman Vi- production base in India, which is protest against its acquisition of shambar Saran told PTI Economic now possible through JSW Steel. land in Orissa for the proposed Service. The Japanese firm is also consid- venture. It is also awaiting clear- According to him, any steel com- ering other options of investing in ance of the mining lease. pany would like to invest in a ven- India, but nothing has been final- Both the steel giants have even ture where it finds “more value”, ised as yet. The company is also threatened to move out of the cur- and in such a scenario the ongoing likely to partner JSW in developing rent sites of the proposed green- projects of a domestic company its Rs. 35,000-crore West Bengal field projects. would be more attractive than set- project. Against such a backdrop, industry ting up a new project. “Its hard to Recently, steel behemoth Arcelor- experts say the global firms would fork out value in greenfield projects Mittal bought stake in secondary look at the inorganic route to en- immediately in India. There are ter the growing Indian market. numerous delays,” he added. Companies like Outokumpu The diversified Kolkata con- and Japanese Steel Works too glomerate claims to be the have evinced interest in having leader in bringing a foreign an Indian partner. company to India and says The Tokyo-based Japan Steel that its move showed the way Works is focusing on emerging to the peers in the industry. economies like India to expand On November 19, the coun- its overseas operations as ma- try’s largest private steel firm jor markets like the US are by domestic capacity, JSW yet to recover from the blues Steel, joined hands with Ja- of the global economic slow- pan’s JFE Steel, to jointly tap down. “In our overseas focus, the growing market for auto- India is very important to us,” grade steel in the country. The the company’s Representative tie-up gave JFE entry into the Director and President Ikuo burgeoning Indian market Sato told PTI Economic Serv- and JSW a world leader as a ice. The company is famous Business and Travel Times January 2010 15 BTT-Jan-10.indd 15 1/12/2010 4:50:25 AM
    • steel for its forging and engineering steel major Outokumpu, which had saIl’s record equipment supplies. scrapped its India plans last year, is Asked if the company plans to set again planning its India entry. December sales up a manufacturing base in India, Experts see the trend continuing Steel Authority of India Ltd. (SAIL) Sato said: “It all depends on de- in times to come and also antici- achieved sales in the domestic mar- mand volumes. Presently, India op- pate reforms furthering foreign di- ket of 1.3 million tonnes during erations of the Japanese firm are rect investment (FDI) in the country. December, registering a growth of carried through JSW India Pvt. Ltd. Also, industry observers say India 32 per cent over December 2008 The global economic slowdown will see more foreign players plan- and a growth of 23 per cent in the and its impact on the Japanese ning new integrated projects in the third quarter over the corresponding economy has weakened the per- country with the announcement of period last year. Sales of SAIL TMT formance of several global steel the new mineral policy, possibly by grew by 33 per cent in the quarter, giants.” the next financial year. The policy while plates registered a growth of He maintained that tying up with is aimed to remove regulatory hur- 36 per cent. an Indian company, may be a steel dles delaying such projects. SAIL also registered record sales of partner or a vendor, could be a dis- - PTI Economic Service 1.16 lakh tonnes through its dealer tinct possibility in future. Stainless distribution network in December. GsBa- Top rankers excellence award to sail Finance director Mr. Soiles Bhattacharya, Director (Finance), Steel Au- thority of India Ltd. (SAIL), was conferred the GSBA- Top Rankers Excellence Award 2009 under the ‘Best Finance Professional’ category at a function held in New Delhi re- cently. Mr. Saugata Roy, Minister of State for Urban Develop- ment, presented the Award to Mr. Bhattacharya in rec- ognition of his multi-faceted entrepreneurial skills and for his contribution in helping SAIL register a spectacular per- formance setting new landmarks in physical and financial performance. Instituted by the management consultant, Top Rankers, in association with the Graduate School of Business and Administration (GSBA), Greater Noida, the Award is con- ferred annually to top industry professionals for their out- standing contribution in the fields of HR, marketing and finance. During the meltdown in 2008-09, converting challenges into opportunities, Mr. Bhattacharya helped SAIL to earn a respectable profit before tax of Rs. 9,403 crores. Under his able guidance, SAIL and its plants received a number of awards for excellence in cost management in 2008. The company also received commendations from the Institute Mr. Saugata Roy, Minister of State for Urban Develop- of Chartered Accountants of India for better financial re- ment, (left), presenting the GSBA- Top Rankers Excel- porting practices and an annual report for 2007-08 in the lence Award 2009 to Mr. Soiles Bhattacharya, SAIL Di- category of the manufacturing and trading enterprises. rector (Finance) 16 Business and Travel Times January 2010 BTT-Jan-10.indd 16 1/12/2010 4:50:27 AM
    • insurance liC business up by 35 per cent L ed by the country’s largest insurer Life In- of Rs. 2,391 crores in the first half of this fiscal. surance Corporation (LIC), the life insur- SBI Life mostly benefited from the huge insurance ance industry grew by 13 per cent in the premium that it mopped up in September. The com- first half of the current fiscal by mopping up pany’s new business during the month stood at Rs. Rs. 30,047-crore first year premium in April- 686 crores against ICICI Prudential’s Rs. 402 crores. However, when compared to last year, SBI Life’s pre- September period against Rs. 34,599 crores in mium declined by around one per cent. In the first six the corresponding period last year. The rise in months of the last fiscal, its premium income stood at the new businesses of life insurance space is Rs. 2,405 crores. mainly due to the robust 35 per cent growth In the private insurers’ league, Bajaj Allianz emerged registered by LIC. third with new business collection worth Rs. 1,439 The largest insurer’s market share increased by over crores in the first six months of this fiscal. However, the 10 per cent to 66 per cent by garnering new busi- insurer saw a de-growth of 29 per cent. On the other nesses of Rs. 25,814 crores in the first half. Its share hand, Reliance Life collected premium of Rs. 1,249 improved by 11 per cent from 55 per cent at the end crore in the April-September period against Rs. 1,473 of September last year. crore garnered during the corresponding period During April-September 2008, LIC had mopped up last year. first year premium of Rs. 19,091 crores against the Private life insurers, despite their lacka- industry collection of Rs. 34,599 crores, accord- daisical performance during April- ing to IRDA figures. On the other hand, the private September, are hopeful that the life insurance industry has registered a decline of second half would be better 15 per cent in the first half of the current fiscal. than the first six months. The 21 private insurers collected Rs. 13,232- According Reliance Life crore first year premium during April-September Insurance President Malay against Rs. 15,507 crores during the corre- Ghosh, “the average pre- sponding period in 2008-09. mium per policy has im- Private insurer ICICI Prudential was the proved during the month worst hit as its premium dipped by 40 (September) and our focus per cent in the first half of the on retail and non-single current fiscal from the cor- segment, reduced cost and responding period last year. enhanced profitability contin- ICICI Prudential has in the ues.” April-September period of this Private life insurer Max New fiscal mopped up first year York Life expects 20-30 per cent premium of Rs. 2,128 crores growth in new businesses in the against Rs. 3,464 crores col- current fiscal, the company’s lected in the corresponding Chief Operating Officer Rajit Me- period last year. hta said. “In the second half of the SBI Life, an insurance venture current financial year, business has promoted by the country’s larg- started looking up. We are hoping est lender SBI, has regained to report a good growth.” the top position among private In 2008-09, Max New York players with a premium income Life collected Rs. 1,843 crores Business and Travel Times January 2010 17 BTT-Jan-10.indd 17 1/12/2010 4:50:55 AM
    • insurance first year premium. In the first six months of the current fiscal, rise in premium collection was also seen Life insurance industry in the non-life insurance space. Non-life insurers have collected registers robust growth Rs. 16,819 crores as premium dur- ing the April-September period, up The Indian life insurance indus- single premium policies. For the by eight per cent over what was try appears to be coming out of April-October period, single pre- mopped up in the same period last recession if the robust growth in mium policies witnessed a surge year. the total premium data in the first of around 42 per cent, with inves- According to figures released seven months of 2009-10 is any tors preferring non-linked policies by the Insurance Regulatory and indication. As a matter of fact, signifying a clear trend towards Development Authority (NRDA), the industry grew 18 per cent in traditional policies,” said Mr. S.B. four public non-life or general the first six months, while in the Mathur, Secretary General, Life insurers grew by 10.29 per cent first seven months the life insur- Insurance Council, while disclos- during April-September and per- ance industry has reported a 21 ing the cumulative data for the formed better than the private per cent growth in total premium seven-month period ended Oc- players. (new business + renewal), ris- tober 2009. Public insurers have raised Rs. ing to Rs. 1,20,503 crores in the Total benefit paid to policy- 9,991 crores as premium in the first April-October 2009 period from holders was Rs. 34,021 crores, half of this fiscal against Rs. 9,059 Rs. 99,310 crores in the corre- an increase of over 25 per cent crores during the corresponding sponding period last year. as compared to Rs. 27,179 period last year. Among them, As per latest data released by crores the previous year. Private New India Insurance collected the the Life Insurance Council, re- life companies paid total benefits maximum. It mopped up Rs. 3,027 newal premiums increased by of Rs. 6,996 crores, an increase crores against Rs. 2,790 crores, around 24 per cent to Rs. 73,952 of over 101 per cent from Rs. growing by 8.51 per cent. crores compared to the same pe- 3,469 crores. In the private non-life insurance riod the previous year, while new Life insurance companies have space, the largest private non-life business premiums increased more than 11,890 branches, of insurer, ICICI Lombard, registered by around 18 per cent year-on- which 8,729 branches were set up a decline of 16.28 per cent with to- year to Rs. 46,551 crores. Total by the private sector. The number tal premium collection of Rs. 1,611 renewal premiums for regular of agents employed stood at crores in the first six months of the unit-linked insurance plans (UL- 29,94,856 as of October 2009 current fiscal against Rs. 1,925 IPs) witnessed a growth of 42 compared to 27,64,528. The crores. Bajaj Allianz premium de- per cent to Rs. 29,738 crores as capital deployed at Rs. 26,734 clined by 14.01 per cent. It col- compared to Rs. 20,878 crores. crores by life insurance compa- lected Rs. 1,217 crores as against While non-linked premium stood nies has seen almost 25 per cent Rs. 1,416 crores during the same at Rs. 44,214 crores, up from Rs. jump from Rs. 21,498 crores the period last fiscal. 38,897 crores, total non-linked previous year. However, Reliance General grew premiums increased by 27 per The Council’s mission is to play by six per cent by collecting pre- cent to Rs. 67,685 crores, up a significant and complementary mium worth Rs. 1,045 crores in from Rs. 53,215 crores. Total role in transforming India’s life the first six months. Overall, private linked premiums rose by 15 per insurance industry into a vibrant, non-life insurers have registered a cent to Rs. 52,818 crores, from trustworthy and strong sector growth of 4.86 per cent. Rs. 46,094 crores. contributing to the overall devel- - PTI Economic Service “The growth in the industry is opment of the economy. propelled by low commission w 18 Business and Travel Times January 2010 BTT-Jan-10.indd 18 1/12/2010 4:50:55 AM
    • banking & investment newgen asv system to reduce bank transaction risks Newgen Software Technologies a fake one. It automatically iden- response to the needs of its clients. has announced introduction of a tifies changes in a person’s signa- The company is recognized by dis- new feature in its cheque truncation ture and updates these changes in tinguished analyst firms like Frost system (CTS). The innovative aspect a database to verify the legitimacy and Sullivan as ‘A Hot Company called automatic signature verifica- of the signature. ASV ensures that to Watch for’ in their global ECM tion (ASV) is the latest feature of the all cheques undergo the verifica- Market report 2009 and by IDC in system which comes with increased tion process. its exclusive report “Newgen Soft- operational efficiency and reduced Outlining the benefits of ASV, Mr. ware: Global Leader in Business risks for banks. Diwakar Nigam, Managing Direc- Process Management and Docu- ASV is a unique method to han- tor, Newgen, said this flexible solu- ment Management Solutions”. dle the bank mandate scenarios tion can handle multiple reference With HSBC and SAP investment, for the verification of signatures. signatures and manage a variety Newgen is one of the rare product It extracts the signature from the of cheque formats. This would not companies to have the backing of cheque and verifies it against ref- only reduce operational costs but both leading financial and tech- erence signatures using more than also lead to reduced frauds. nology companies of the world. 65 parameters. Newgen has successfully de- Its Quality Systems are certified This feature discovers intra-per- signed this system in line with the to ISO 9001:2008 and the Infor- son variations in a signature and client needs and requirements. It mation Security Standard to ISO enables banks to intelligently dis- has reiterated its position as an or- 27001:2005. tinguish between an authentic and ganization which believes in quick w capitalvia’s new service schemes After recently launching its ‘Analysts Speak’, the breakout levels, etc. Indore-based CapitalVia Global Research Ltd. has KYS is yet another milestone achieved by Cap- now come out with two new services free of charge tialVia regarding the customer support and clients for the benefit of traders in stock and commodity satisfaction. After all, satisfying the clients is its pri- markets. They are Know your Stock (KYS) and Live mary goal. Support on the Website. The company’s live online support can be availed KYS is a free service that combines the internet of by visiting the website. By using the online sup- technology, magic of computer programming and port, a person can chat with the company’s experts the creative mind of the CapitalVia team. This is the and can come to know about the market conditions, first time that traders will be able to see the levels of trends, positive stocks and levels of different stocks their stocks they are interested in just by means of and commodities. The company experts answer their Google Talk. What one has to do to avail oneself of queries by taking personal attention. this service is to log onto Google Talk and add cv- Using the online support will not only provide you levels@gmail.com to the chat list. Once the request the assistance of the company during trading hours, is accepted, they simply have to type the name of but even after trading hours. the stock they are interested in, and KYS will give all For details, access www.capitalvia.com technical details like moving averages, important w Business and Travel Times January 2010 19 BTT-Jan-10.indd 19 1/12/2010 4:50:55 AM
    • it industry How ramco Ondemand erP caters to growing sme sector needs By S. Sunderaraj, Senior Vice President - Enterprise Solutions & Indian Operations, Ramco Systems S mall and medium market is a major challenge. enterprises (SMEs) In the current scenario, for an have become a key SME to sustain in the market and focus area for a major- remain successful, it is impor- ity of IT service provid- tant to work meticulously towards ers who want to tap the streamlining business processes growth potential of this which need to be innovative and market. A report by AMI efficient enough to adapt to the partners early this year market and business require- has revealed that the ments. These integrated process- es need not only include internal SMEs in the country are departments but also partners, likely to spend $9.7 bil- suppliers and customers, and it lion on IT this year, an can only be attained by using in- increase of 22 per cent formation technology which can over the previous year. grow at 12 per cent and gen- support and drive business ob- The dynamic growth in erate additional employment jectives. Consequently, this also the vibrant SMB seg- of 4.4 million in the current fi- renders it possible to innovate ment has also made a nancial year. However, some of and respond faster and adapt to significant contribution the recent developments emerg- the globally changing business to the GDP industrial , ing out of the challenges of in- condition – a must for small and production and exports. creased competition due to glo- mid-sized businesses. With the aim of creating glo- balization, liberalization and the The growth and evolution of the bally competitive enterprises, this pandemic global financial and SME sector has led to an increase particular sector plays a domi- credit crisis put the targets un- in demand for IT solutions. Many nant role in increasingly acquir- der stress. SMEs have complex smaller companies are not satis- ing foreign companies to gain the business scenarios irrespective fied with their existing disparate advantages of quick scale-up, of their size. One of the most solutions and legacy systems and technology acquisition and inno- challenging tasks is to lower the are showing a keen interest in IT vation. Since SMEs play such an total cost of operations and ad- solutions which provide maximum important role in global mergers dress the market issues and de- business benefits. & acquisitions, strengthening the velopments. Many of the CIOs in the SME sector domestically is essential so For most of the smaller SMEs, sector feel that hosted IT services that they can leverage the ben- monitoring global issues and would help them to work more, efits of globalization. dealing with complexities such spend less and gain remarkable business challenges as multiple currencies, standards benefits by concentrating on their The SME sector is expected to and languages prevailing in the 20 Business and Travel Times January 2010 BTT-Jan-10.indd 20 1/12/2010 4:50:55 AM
    • it industry businesses, rather than on man- The new generation of Soft- rity for mission-critical enterprise aging IT. Standard applications ware as a Service offerings have applications has already enabled enable them to integrate cus- standard features and have been several organizations to reap their tomers and suppliers, streamline designed to integrate all the busi- benefits. the supply chain, reduce time for ness processes. The software has Ramco OnDemand ERP is a project deployment and optimize all the standard applications and powerful and proven growth ena- portfolio management. Last but industry-specific functions which bler available on a subscription not the least, integrated solutions otherwise have to be procured at basis, giving you the power to facilitate better management of a high cost and take a lot of time grow. The solution is within reach business complexities. and effort to deploy. As already and easy to deploy. Available for key trends mentioned, success for most of small to mid-sized businesses Studies reveal that SMBs that the small and mid-sized busi- looking for a low initial invest- outsource their IT infrastructure nesses depends a lot on IT. Small ment and reduced overhead and are utilizing the technology re- companies cannot afford to make maintenance, it is used by cus- sources that bring in additional inappropriate investments in IT as tomers in over 1,000 locations top-line revenues while improv- a failure may also affect the prof- every day. ing bottom-line results. SMBs are itability of the company. Best practices built into the mostly likely to use cutting-edge The new generation SaaS of- business processes in the Ramco technologies and approaches ferings will enable SMEs to inte- OnDemand ERP solution ensure such as Software as a Service grate and streamline the business companies leverage the experi- (SaaS). Analysts are of the opin- processes and reduce the internal ence of hundreds of Ramco ERP ion that the increase in use of dependency on IT departments. deployments. Configuration of the hosted infrastructure models is There is no huge capital expendi- application to tailor it to specific enabling smaller companies to ture involved while installing the company requirements typically compete on an equal IT footing software, and there is an increase takes less than a week. And, as with bigger enterprises. in ROI as the model facilitates the company expands, the solu- SMBs are choosing a hosted in- “pay per user”. Usage of hosted tion can expand to accommodate frastructure model as it provides applications is gaining momen- multiple locations, currencies and organizations with software so- tum in the current scenario. In- organizations. lutions that can be implemented troduction of ERP under the SaaS For details, visit www.ramcoon- quickly, while avoiding the incre- model with enough functionality, demand.com mental infrastructure costs and robustness and high level secu- w eliminating the recurring adminis- Mr. Sunderaraj heads Ramco Systems’ Business Consulting Group (BCG) trative resources as in traditional and Indian Operations. BCG provides sales and business consulting serv- on-premise applications. ices of enterprise application solutions and business analytics for different The other area where SMEs are industries. focused is on the issue of com- Prior to joining Ramco, he was heading the Retail - RFID Practice in pliances. Software as a Service Wipro and has also worked in Oracle Corporation heading applications sup- offerings ensure compliance with port, industry consulting, development & product management and sales the current statutory require- consulting functions. Mr. Sunder has over 20 years of experience in the enterprise application ments. For a solution to meet software market with the last 10 years focusing on Supply chain & Emerging these requirements, it should be technology solutions like RFID, GPS, Mobile solutions for Global customers quick and easy to deploy and in- in Retail, CPG, Manufacturing and Logistics Industries. tegrate smoothly and help keep He holds a Master’s degree in Applied Mathematics with specialization in the cost of ownership as low as Computer Science from the Madras Institute of Technology, Anna Univer- possible. sity. Business and Travel Times January 2010 21 BTT-Jan-10.indd 21 1/12/2010 4:50:55 AM
    • saLes & marketing ‘value creators key to propel growth in marketing’ Mr. B. Santhanam, President - Flat Glass South Asia, & Managing Director, Saint Gobain Glass India Ltd., addressing the convention There is need for more creators of with each product, which is a key Marketing needs to reinvent it- ideas in the marketing industry than function of marketing. self though we have added a few managers themselves, according Marketing is perceived to be more Ps to the existing four four Ps to Mr. Santosh Desai, Managing small, and there is an urgent need (product, price, place and promo- Director & CEO, Future Brands. to redefine the central purpose of tion), but that will not help market- In his keynote address at the S’ marketing. A sense of meaning ing have its rightful place in any Marketing Convention 2009 or- has to be created in people’s life organization. Marketers have to ganized by the Confederation of through brands which will help the necessarily collaborate and co-ex- Indian Industry (CII) in Chennai, Mr. company to grow, he added. ist to grow in the industry. Desai said marketing is all about Mr. B. Santhanam, President - In the current environment, busi- giving meaning to a product which Flat Glass South Asia, & Managing ness strategists are filling the space will change the life of people. Cus- Director, Saint Gobain Glass India of marketing, and there is an ur- tomer behavior has to be studied Ltd., who was the chief guest on the gent need for a shift in mindset of very extensively, and marketing occasion, said that incrementalisa- marketing professionals to re-in- should play a key role in bridg- tion in marketing has to end, and vent ideas to move beyond com- ing the gap between the customer there has to be a shift in focus from petition. and the industry. Further, marketing engaged to non-engaged custom- Mr. K.S. Ramesh, Chairman – S’ professionals should understand ers in order to explore new avenues Marketing Convention, CII Tamil the symbolic presence associated for growth. Nadu, in his address, said that 22 Business and Travel Times January 2010 BTT-Jan-10.indd 22 1/12/2010 4:50:56 AM
    • saLes & marketing marketing is going through tough times - the growth rates are slow, little innovation is happening, and hence there is an urgent need for marketers to innovate and re-in- vent to reclaim their right place in industry. Mr. C.K. Ranganathan, Chair- man CII - Tamil Nadu, in his ad- dress, emphasized the need for a fundamental shift in thinking among marketing professionals as consumers have become more in- telligent. A few basic principles of market- ing, however, remain the same, like basic commonsense to market the A group photo of the industry dignitaries taken on the occasion product considering the consumer needs and the attitude towards customer satisfaction is utmost for he added. marketing. The other important any company, and being simple to Ms. Anita Gupta, Senior Vice tools are being cohesive by keep- the point where marketing helps President & Managing Partner, JWT, ing the consumer at the centre as gain more consumer acceptance, proposed a vote of thanks. w SubScription order Form yes! i would like to subscribe to business and traveL times TiCk Term nO. Of issue COver PriCe suBsCriPTiOn raTe you Pay YOu save o 3 Years 36 rs.20/- rs. 720/- rs.500/- rs.220/- o 2 Years 24 rs.20/- rs.480/- rs.380/- rs.100/- o 1 Years 12 rs.20/- rs.240/- rs.200/- rs.40/- Mr/Ms ................................................................................................................................................................................ Company Name................................................................................................................................................................ Address ............................................................................................................................................................................. ........................................................................................................................................................................................... City...............................................................State............................................................Pin............................................. Tel No.............................................................................Email........................................................................................... (please attach your business card if you so desire) Cheque/D.D./M.O. No: ..................................................drawn on................................................for Rs.......................... in favour of ‘GOPALI & CO.’ is enclosed. Signature...............................................Date............................ * Please add Rs. 35 for non-Chennai cheques. Please mention subscription number in case of renewal Mail this form to: GOPALI & CO., Quanta Zen Bldg., No.38, Thomas Rd., 2nd Street, Off. South Boag Rd., T.Nagar, Chennai-600017. Tel: 044-24330979 / 42024951. Email:motorindia@rediffmail.com Lifetime subscription rs. 2000/- onLy Business and Travel Times January 2010 23 BTT-Jan-10.indd 23 1/12/2010 4:50:56 AM
    • environment ‘end to extractive relationship with nature unavoidable’ At the IMC session in Mumbai are seen (from left) Dr. Partha Ghosh, Managing Director, Partha S. Ghosh & Associates, Mr. Dilip Dandekar, Vice President, Mr. Arvind Pradhan, Director General, Mr. P.N. Mogre, Chief Advisor, Mr. Jitendra Sanghvi, Dy. Director General, and Mr. Dhananjay Samant, Chief Economist, Indian Merchants Chamber “There is an urgent need to make celebrating scale-oriented thinking humanity. Our mindset is similar to sustainability the mantra for the at the industrial level”. the one that prevailed before Co- next 100 years, to create a new He pointed out that there are pernicus, when it was universally civilization that does not extract currently three kinds of meltdown in believed that the whole universe resources from the earth, use and progress – global economic crisis, revolved around the planet earth. then discard them as waste. We an ecological crisis and an ethical For the survival of our planet, and must change this extractive en- meltdown. To stop the meltdown, our civilization, we will now have gagement with nature to an enrich- it is necessary to go beyond short- to think differently, engage with the ing one,” according to Dr. Partha term macro-economic and techno- world differently, re-energize some Ghosh, Managing Director, Partha logical fixes. of our Vedic thoughts and make S. Ghosh & Associates, a renowned The whole world is looking for a them relevant to the 21st century,” strategic policy advisor. new leadership. India has to recog- Dr. Ghosh added. Addressing the Indian Merchants nize that “we are at a point of inflec- Welcoming Dr. Ghosh earlier, Chamber (IMC) on the theme, ‘To- tion, where everything that we have Mr. Dilip Dandekar, IMC Vice Presi- wards a New Relationship Between done over the past couple of dec- dent, pointed out that the Cham- Humanity and Nature’ in Mumbai, ades is quite meaningless”. A new ber motto for the year was ‘A Sus- he said: “At an individual level, we renaissance in economic thinking, tainable Ecology for a Sustainable are currently putting self over so- similar to the waves of renaissance Economy’. ciety and society over nature, and and reformation that happened in Proposing a vote of thanks, Mr. this is damaging nature. We are the 19th Century Bengal and post Jitendra Sanghvi, Dy. Director deeply hooked to the ‘buy three get medieval European society, should General of the Chamber, remarked one free’ model of marketing and set in. that sustainability and development industrial production. This is dam- “The last 500 years of human en- have always been pitted against aging the earth, because we need deavour have been human-centric. each other. only a quarter of what we buy and It has all been about how to tinker consume. It is now crucial to stop with nature to serve the growth of w 24 Business and Travel Times January 2010 BTT-Jan-10.indd 24 1/12/2010 4:50:57 AM
    • power wind industry viewed as strategic sector for europe’s future The Euro 565 million investment in nine offshore wind energy projects and infrastructure, approved by the European Commission as part of its European Economic Recovery Plan, shows that the European Un- ion sees the offshore wind industry as a strategic sector for its future. Said the European Wind Energy Association (EWEA): “Measures such as these can contribute to strengthening Europe’s competitive lead in wind energy at a time of economic uncertainty and in which strong financial measures are be- ing taken by governments outside ter-connections will not only enable million tonnes of CO2 emissions Europe to challenge European a greater cross-border flow of the every year. EWEA recently pub- companies’ leadership position”. electricity produced by the many lished a master plan for building Said Christian Kjaer, CEO of offshore wind farms in the North a North Sea Grid, and urges the EWEA, “as Europe’s largest un- Sea, but will also further the inte- Commission and transmission sys- tapped energy source, offshore gration of Europe’s power markets, tem operators to take on board its wind can contribute significantly to improve competition and lower recommendations. Europe’s economic recovery, re- prices for the European consumer. Recent days have seen a growing duce import dependence and slash Three more projects that were re- momentum for developing offshore CO2 emissions.” cently advanced would link Norway wind and an electricity supergrid in The announcement also helped with the UK, Norway with Germany the North Sea with a political dec- Europe edge closer to European and the UK with the Netherlands. laration between nine countries at Commission President Barroso’s “There is still much work to do, the EU Energy Council, a major EIB vision for an electricity supergrid, but all these projects are significant investment, and the latest Commis- with the Commission’s announce- steps towards the construction of a sion announcement. ment that over half of the Plan’s European supergrid, as envisaged EWEA, the voice of the wind in- Euro 565 million for offshore wind by President Barroso in his political dustry, is actively promoting utilisa- projects will be spent on offshore guidelines for the next Commission. tion of the wind power in Europe electricity interconnections. A European offshore grid would be and worldwide. It now has over 600 The cables between the Nether- good news for the consumer as it members from almost 60 coun- lands and Denmark, an offshore would dramatically improve com- tries, including manufacturers, with platform on the planned HVDC link petition and move us a step further a 90 per cent share of the world between Shetland and the Scottish towards a real internal market in wind power market, plus compo- mainland to connect offshore wind, electricity”, added Kjaer. nent suppliers, research institutes, as well as Krieger’s Flak in the Bal- EWEA research shows that exist- national wind and renewables as- tic Sea, are key to the development ing and planned European offshore sociations, developers, electricity of a new offshore wind industry, wind projects would, if implement- providers, finance and insurance enabling new offshore wind farms ed, supply 10 per cent of Europe’s companies and consultants. to hook up to the cables. These in- electricity whilst avoiding over 200 w Business and Travel Times January 2010 25 BTT-Jan-10.indd 25 1/12/2010 4:55:14 AM
    • corporate reliance autozone forays into Bangalore Taking forward the initiative to Announcing the opening of the terior & upholstery cleaning, poly- bring world class auto retailing stores in Bangalore, Mr. Arun Dey, mer coating and paint restoration facilities in India, Reliance Auto- Chief Executive, Reliance Autozone, and many more. zone has forayed into Bangalore said the assortment at the store is The most unique aspects of the with two of its automotive specialty planned in such a way that it fulfills stores are the personalized serv- stores. Spread over 3,000 sq. ft. the needs of different budget cus- ice to customers and a competi- and 3,100 sq. ft. of retail area re- tomers. It is a one-stop destination tive price positioning. Quality is a spectively, the stores match the glo- for a wide range of accessories un- key differentiator of the stores. For bal auto retailing standards. der one roof. example, the sun films are CMVR The product offerings at Reliance The product offering includes approved and the helmets are ISI Autozone include a comprehensive utility, audio / video, safety, secu- approved. range of car and bike accessories, rity, car care, roof carriers, reverse Reliance Autozone has a strong tyres, batteries, electric scooters parking system, reverse camera, supply chain network and is posi- and many more useful accesso- sun film, GPS and upholstery, etc. tioned at convenient locations. It ries. After the successful launch of The stores have a basic range of is also one of the few auto retail- its stores in Gurgaon, Ghaziabad, two-wheeler accessories such as ers investing in SAP for tracking of Jamnagar, Jaipur and Hyderabad, helmets, grip covers, hand gloves, customer’s vehicle ownership life these two stores increase the Auto- side cabinets, seat covers, etc. Also cycle. zone store footprint to six cities. offered are car care services like in- w 26 Business and Travel Times January 2010 BTT-Jan-10.indd 26 1/12/2010 4:55:15 AM
    • corporate rane Groups’ ambitious turnover target of rs. 1,500 crores this year By R. Natarajan, Managing Editor In this context, the company’s proposal to set up a Polytechnic in Trichy, where it has already several units, with an eye on CSR assumes special significance. This is in line with the overall group policy of making it “A Great Place To Work” and keeping those serving its differ- ent units happy and feel at home. This also implies the overall group concern for those associated with it and their welfare, as reflected in the retention of the workforce even during a recessionary phase. Referring to the group’s invest- ment plan, Mr. Ganesh pointed out that the outlay for expansion for the current year is expected to Mr. L. Ganesh, Chairman be raised to Rs. 75 crores from Rs. 60 crores in view of the overall in- T he professionally man- Outlining the broad group strate- dustrial performance since last few aged and quality conscious gy in an exclusive interview to MO- months, particularly in November. Rane Group of Chennai TORINDIA, Mr. Ganesh observed Capacity expansion will mainly be has been constantly maintain- that the overall idea is to sustain at Rane Engine Valves Ltd. (REVL), ing its lead in most of its areas growth even during turbulent times. Trichy, Rane Brake Linings Ltd. of specialisation, thanks to the In the current year, though the ex- (RBL), Hyderabad, and Rane (Ma- enlightened stewardship of its port market remains sluggish, the dras) Ltd. (RML), Uttarkhand and Chairman, Mr. L. Ganesh. He company’s performance has so far Pondicherry. has not only managed to suc- been fairly good as far as the do- Asked about the future of the cessfully tackle the crisis in the mestic and OE segments are con- automotive industry, he said the wake of the global recession and cerned. This is mainly attributed to growth prospects are bright pro- the accompanying slowdown by the different steps taken by it three vided the Government continues taking a number of initiatives, years ago, such as lean manufac- with its stimulus packages as an- but has set a higher turnover turing, policy adaptation to chang- nounced in December and Janu- ing market needs, benchmarking ary last. The only concern today is target of Rs. 1,500 crores for the on lean structure and, above all, the significant drop in medium and current year against Rs. 1,350 increasing the productivity of the heavy commercial vehicle sales as crores of last year. His optimism white-collar people. All this has compared to the better show put is purely based on the group’s paid off even during the worst- up by the car and two-wheeler seg- competence to face all emerg- ever crisis during October-March ments. ing challenges. 2009. w Business and Travel Times January 2010 27 BTT-Jan-10.indd 27 1/12/2010 4:55:16 AM
    • corporate Metalman-cellino JV to make components for global market The Ludhiana-based Metalman Auto, a leading manufacturer of sheet metal & tubular automotive components and one of the largest suppliers to auto majors like Bajaj Auto, Eicher Volvo, Force Motors, GM, L&T and Renault, has entered into a joint venture agreement with Italian auto component major Cel- lino SRL, a Euro 45 million com- pany and major auto component supplier to Mercedes, Fiat, Renault, Volvo, Iveco, Man, GM and CNH. The new JV, Metalman Cellino Pvt. Ltd. will manufacture medi- um-sized sheet metal components primarily for cars, commercial ve- hicles and heavy equipments, ca- tering also cater to the needs of the European automotive market through Cellino. Both the compa- nies will hold an equal stake in the joint venture. Commenting on the joint ven- Mr. Nishant Jairath, Director, Metalman Auto, (right) signing the JV with his Italian ture, Mr. Nishant Jairath, Director, counterpart, Cellino SRL Metalman Auto, said: “After making strong footprints in the two-wheeler to not only manufacture but also state-of-the-art manufacturing fa- and heavy equipment component to design. It would be all types of cility in Aurangabad with an invest- industry, we were planning to enter sheet metal and tubular compo- ment of Rs. 20 crores which would the cars and commercial vehicles nents and sub-assemblies required be invested in the period of 2 years. component segment and at the by commercial and car manufac- Commercial production is likely to same time looking for a partner to turing companies. As of today most start in the next financial year. The enter the Indian market, so nothing companies manufacture products new JV targets to achieve a turno- could be better than joining hands as per designs from customers and ver of Rs. 20 crores within one year with a partner who has access to have no inputs in the design of the of establishment of the company latest technology, state-of-the-art product. Therefore this JV compa- and is expected to register a 20-25 manufacturing set-up, wide cus- ny will be an integrated a solution per cent annual growth. tomer base and products range in provider and not just a component Metalman has already taken over sync with our requirements”. supplier”. a local company in Aurangabad Sharing the JV details, Mr. Jairath While elaborating the expansion which was involved in stamping said: “A strong technical & finan- plans of Metalman, Mr. Jairath business and supplying complete cial collaboration with Italy’s Cel- added: “The Metalman Group with three-wheeler cabins. It was mutu- lino Group will give Metalman the technical support of Cellino is ally agreed upon with Cellino to access to cutting edge technology in the process of setting up a new shift this activity in the JV company 28 Business and Travel Times January 2010 BTT-Jan-10.indd 28 1/12/2010 4:55:17 AM
    • corporate so that production could be started units in Indore, one is immediately. supplying various The JV will be beneficial for both sheet metal and companies as they will get the same tubular compo- quality of parts at low cost as pre- nents to Eicher ferred by maximum OEMs around Volvo and the oth- the globe, and in turn Metalman er one is supplying will receive business from the Eu- complete assem- ropean and other markets and the bled cabins and heavy technological knowhow. fabricated items to L&T Commenting on exports, Mr. case for their back hoe Jairath observed: “We also have loaders in Pithampur. a buy back arrangement with our The Aurangabad unit partner which would contribute is manufacturing motor- atleast 30-50% towards the turno- cycle frames and other ver. We see a good future in exports sheet metal and tubular in view of our joint strength, i.e., JV components for Bajaj partners popularity with their Euro- Auto. It employs modern pean customers and our low cost manufacturing methods and strin- ing facilities due to higher demand productivity.” gent quality control checks. The for components. It is planning to Metalman Auto with its registered Waluj plant has a production ca- invest another Rs. 10 crore for the head office in Ludhiana has manu- pacity of 1,000 metric tonnes a proposed expansion. The group facturing units in Indore and Au- month. employs over 1,000 persons and rangabad which are being profes- Besides, the JV, the Metalman is looking at becoming a Rs. 500- sionally managed by different unit Group is also going for capacity crore player in the next five years. heads. Out of two manufacturing increase in its existing manufactur- w Business and Travel Times January 2010 29 BTT-Jan-10.indd 29 1/12/2010 4:55:18 AM
    • corporate waBco-tVS aBS focus on vehicle safety and steerability WABCO-TVS (India) Ltd., jointly with the Indian Institution of Plant Engineers, TN chapter, conducted a safety program for the Plant En- gineer Society in Chennai on De- cember 12. Inaugurating the programme, Mr. D.S.L. Prasad, Executive Direc- tor, Indian Oil Corporation, South- ern Region, stressed the need for strict safety norms to be followed by medium and heavy commercial vehicles while moving hazardous Picture taken on the occasion of the safety programme organised by the Indian Institution of Plant Engineers, TN chapter goods. Mr. R. Ramalingam, ex-CMD, CPCL, (Patron, IIPE), in his key vallur district, 40 km from Chen- as soon as the wheels have recov- note address, explained the several nai. The cross-section of audience ered. A toothed wheel (polewheel) safety norms to be followed by oil from various industries witnessed is fitted to the rotating wheel hub. A companies. the demonstration. magnetic sensor mounted on each Mr. S. Balachandran, Vice Presi- The ABS for commercial vehicles wheel in close proximity to the teeth, dent, Marketing of WABCO-TVS, from WABCO-TVS, a technology generates electrical pulses when and Chairman, TN – IIPE, made a leader in the field, prevents vehicle the polewheel rotates. The rate at presentation on road safety cover- skidding and tractor-trailer jack- which the pulses are generated is ing various safety norms, brake sys- knifing, reduces stopping distance, a measure of the wheel speed. This tem technology and the advantag- improves stability and steerability signal is read by the electronic con- es of anti-lock brake system (ABS) and enhances the life of the tyre, trol unit (ECU). in medium and heavy commercial brakes and suspension. Further, when a wheel is about vehicles. With ABS, the vehicle remains to lock, the ECU sends an electri- The program was followed by a completely stable even when the cal signal to the modular valve live demonstration on the test track driver continues to press the brake solenoid, which releases pressure of WABCO-TVS situated in Thiru- pedal during panic brake situations. from the brake chamber. When The vehicle also remains the wheel recovers sufficiently, the steerable during braking, brake pressure is reapplied again thus avoiding accidents. by the ECU by switching off the sig- The working principle is nal to the modulator valve. simple and clear. ABS is The modulator valve has an addi- known for its perfect func- tional ‘hold’ state which maintains tioning. It easily detects pressure in the brake chamber, when the wheels are about thus optimising the braking proc- to lock and momentarily ess. The cycling of the modulator releases the brake pres- valves (five-six times per second) is sure on the locking wheel. continued till the vehicle comes to The brakes are reapplied a controlled stop. w 30 Business and Travel Times January 2010 BTT-Jan-10.indd 30 1/12/2010 4:55:19 AM
    • corporate HNG Group foray into float glass making: Halol plant operations begin With its aim to further strengthen its leadership in the glass industry, the Rs. 1,500-crore HNG Group entered the float glass segment with the firing up of its first float furnace at Halol in Gujarat. Starting up with a production capacity of 600 tonnes per day, the group has aggressive plans for this new business. It aims to capture 25 per cent market share in the next two years. For further upscaling, the plant has provi- sion for a second float line which can support an ad- ditional 850 tonnes per day. Signed at the Vibrant Gujarat meet in 2007, the plant was completed in a record time of 22 months. The plant has been financed by its parent company HNGIL, International Finance Corp., a subsidiary of the World Bank, and DEG, Germany, with a debt-eq- Mr. Mukul Somany, Joint Managing Director, HNG uity ratio of 60:40 Speaking on the occasion, Mr. Mukul Somany, Joint The plant will start with manufacturing clear float Managing Director, HNG said: “The HNG Group is glass and will also make available tinted glass in grey, on a high growth path through strategic diversifica- bronze, green and blue, heat reflective glass (soft coat tion. The group today has over five decades of manu- & hard coat), LowE glass, low iron solar glass, ultra facturing experience; expertise and excellence which clear glass and automotive quality glass. has helped it become the undisputed leader in the Headquartered in Kolkata, the HNG Group was container glass business with a 60% market share in founded by C.K. Somany, a visionary entrepreneur, in India. Our foray into the float glass segment is to fur- 1952. It is the parent company of Hindusthan Nation- ther expand our horizons in the glass industry. The first al Glass and Industries Ltd. (HNGIL or HNG) which is set of production is expected to be ready by the end of the largest container glass manufacturer in India with December 2009.” over 60 per cent market share and an annual income He added: “There is a huge expanding market for of more than Rs. 1,500 crores. The other companies float glass in the country resulting from the growing re- under the HNG wing are Glass Equipment (India) Ltd. alty and auto sector. Also, the extremely low per capita (GEIL), Ceramic Decorators Ltd. (CDL), Somany Foam consumption of only 0.7 kg in India as compared to Ltd. (SFL), Quality Minerals Ltd. (QML) and AMCL Ma- average of 8-10 kgs in other developing economies chinery Ltd. gives a tremendous potential for growth of this indus- HNGIL, the flagship of the group, was founded try.” HNG Float intends to aggressively target all the with the inauguration of India’s first fully automatic medium of sales such as dealer network as well as glass container manufacturing plant at Rishra, near institutional and shall manufacture products from the Kolkata. HNG’s pan-India manufacturing operations thickness of 2mm to 12mm. are spread over six centres – Rishra, Bahadurgarh, To ensure best-in-class products and services, HNG Rishikesh, Puducherry, Nashik and Neemrana – and Float has tied up with Toledo Engineering Co. (TECO) its products are available in more than 20 countries. of the US for design, engineering, installation and The company has an operational capacity of 11 fur- commissioning of the float glass plant and has also naces and 44 production lines with fully-automated joined hands with global players like CNUD (Belgium) IS machines sourced from reputed global technology and Bottero (Italy) for procuring essential equipments. providers of glass industry from Europe and the US. w Business and Travel Times January 2010 31 BTT-Jan-10.indd 31 1/12/2010 4:55:19 AM
    • corporate KBL’s Yamuna awarded LeeD platinum rating for green buildings ‘Yamuna’, the corporate office of Kirloskar Broth- ees on making this platinum rated green building and ers Ltd (KBL), a leading global water management abiding by the group philosophy of total commitment solution company, was awarded the prestigious LEED towards our planet and ‘enriching lives’ at large.” Platinum rating for green buildings. KBL’s corporate It is built as an extremely employee-friendly structure. office ‘Yamuna’ was inaugurated earlier this year in The aesthetically designed building delivers facilities Pune. The ratings came in the backdrop of the recent that help boost employee morale, productivity and a ongoing Copenhagen summit. cheerful working environment. The building follows Yamuna has successfully set eco-friendly standards. a decade-long tradition of hosting the Indian flag as The structure that is spread over three acres of land per the standard protocol. It delivers the true essence housing 500 employees is able to save 50 per cent of ‘enriching lives’ of its employees, customers and of energy and 30 per cent of water purely by use of the society it belongs to. Landscape terraces, atriums technology and effective design. with indoor plants and the use It uses water-cooled VRV air- of glass provide a scenic view to conditioning system with sensors people at work acting as a stress for monitoring CO2 levels and buster. Adequate parking facility optimizing intake of fresh air. extended to visitors ensures no The structure has photovoltaic usage of public road as park- panels to generate electricity for ing space. Other amenities like meeting 2.6 per cent of power an auditorium, library, a well- consumption. equipped gymnasium, badmin- Yamuna has maximum use ton court, swimming pool and of glass panels along walls an amphi-theater extend an op- that allow natural light inside portunity for employee engage- the building, thereby saving on ment and networking. electricity. Most of the illuminat- Leadership in Energy and En- ing lights have CFL fixtures that vironment Design (LEED) is an are extremely energy efficient. It Indian rating system complying uses other energy efficient gadg- with the green standards of the ets like LCD monitors and also US Green Building Council (US- derives a substantial amount of GBC), Washington. It specifies water from the recharge pits it stringent norms to be met for the has from rainwater harvesting. greenest, most energy-efficient Says Mr. Sanjay C. Kirloskar, and high performance build- KBL Chairman and Managing ings. Primarily, a ‘green build- Director: “We are very happy ing’ is one which encompasses that our corporate office has the use of renewable energy, ef- been awarded the LEED Plati- ficient use of natural resources num rating. KBL will continue to as water and recyclable materi- deliver environment and energy als and providing healthy indoor conservation initiatives. I would air quality. like to congratulate all employ- w 32 Business and Travel Times January 2010 BTT-Jan-10.indd 32 1/12/2010 4:55:21 AM
    • corporate Siemens partners eKo Diagnostics to provide pet biomarkers in Kolkata S iemens has signed a collaborative agreement in the region. with eKo Diagnostic private Ltd. (eDpL), Kolkata, to set up a cyclotron facility to manufacture positron Speaking on this initiative, Mr. D. Ragavan, Sector CEO, South Asia Cluster, Siemens Healthcare, said: Emission Tomography (PET) biomarkers. This first-of- “In India, over a million people are its-kind facility in the eastern and north-eastern re- diagnosed with cancer every year, gion will produce fluorodeoxyglucose (FDG) and other and there is a growing need for the biomarkers that are used along with pet.ct scanners, latest technologies for combating potentially life-threatening diseas- helping to diagnose and stage diseases like cancer, es. PET.CT imaging improves the cardiac and certain neurology disorders. accuracy of cancer diagnosis and This facility will be designed to and delivery of high quality PET bi- allows for more accurate staging support Siemens Eclipse-HP cyclo- omarkers. of the disease. It also reduces the trons, enhancing production reli- The cyclotron facility will be lo- cost and improves the accuracy of ability and PET biomarker capac- cated in the Nuclear Medicine cancer treatment. The cyclotron ity. The facility will be operated by Department newly established by investment will help the people of Siemens with support from PETNET EDPL. PET biomarkers manufac- eastern India have assess to this Solutions, Inc. a fully-owned sub- tured here will be distributed to important medical technology and sidiary of Siemens Healthcare and hospitals, clinics and research insti- allow future application of PET.CT a world leader in the manufacture tutions in Kolkata and other centres imaging in cardiac and neurology diseases”. Since PET biomarkers like FDG have a shelf life of less than 12 hours, due to the half life of the cyclotron produced isotopes, these need to be produced locally and distributed faster and efficiently. Dr. S.K. Sharma, Director, EDPL, observed: “We at EKO are com- mitted to quality delivery of diagno- sis and will continue to set bench- marks. We are known to bring the latest in technology to the eastern region, and to the people of Kolk- ata in particular. With this facility, along with Siemens, we are making yet another significant contribution to strengthen healthcare infrastruc- ture in the country.” w Business and Travel Times January 2010 33 BTT-Jan-10.indd 33 1/12/2010 4:51:52 AM
    • corporate philips’ focus on healthcare products T he Netherlands-based ping up our production capacity consumer durable major and leverage on the two compo- Philips, which is operating nents which we have acquired... in the country for more than For me it is a strategic move with a 80 years, is now strategically 15-20 year vision. We are still stud- shifting its focus on healthcare ying whether it should be in south- and lifestyle segment to pro- ern India or western India. What is mote its products in the coun- important for us is to leverage the try. eco-system that we acquired.” “Voluntarily, we have taken a po- During the course of the current sition that Philips would be working year, Philips India has already dou- towards projecting itself as a health bled the annual CFL capacity at the and wellness company,” Philips Mohali plant to 40 million units, Electronics India Managing Direc- and is all set to double it again Mr. Murali Sivaraman tor and CEO Murali Sivaraman over the next six to nine months. Managing Director and CEO told PTI Economic Service. The company is investing to double Philips which has dominated the Mr. Sivaraman said: “For the first the capacity again, to 80 million Indian consumer electronics space time, Philips is setting up a green- units, within 6-9 months. for over five decades after Inde- field site for the healthcare segment Mr. Sivaraman also declined to pendence has now decided not to in India. The plant is expected to be provide investment and expansion go aggressive in the durables seg- ready in 18 months.” details, but said, “we are investing ment. Consumer electronics is con- Philips will develop the proposed at the Mohali plant to expand the trolled by Asian firms such as LG, unit as a centre of excellence and capacity, and my aim is to grow Samsung and Panasonic. Keeping use it as base for exporting health- minimum 15-20 per cent in all the that in mind, the company is now care products. The unit, which will categories that we are operating.” balancing its portfolio with a robust make cardiovascular and X-ray Lifting business accounts for product pipeline with such offer- equipment, is likely to come up in about 50 per cent of the Dutch ings, Mr. Sivaraman said. southern or western India. subsidiary’s revenues, which were Philips has chalked out a plan for Last year, Philips acquired two in the region of Rs. 3,100 crores the purpose which includes setting medical equipment firms, Alpha X- in 2008-09. Industry estimates up a healthcare facility, introducing rays and Meditronics, and is work- place Philips India’s market share new products in the segment and ing on synergising their operations at around 30 per cent in the to- increasing the number of products with the parent company. tal lighting business of around Rs. in the lighting segment. Increasing The healthcare division contrib- 4,500 crore. The consumer or its focus on India as a strong growth utes around Rs. 500-600 crores home segment accounts for 60 market, the company is planning to its revenues. However, the com- per cent of the company’s lighting to set up a healthcare equipment pany is now trying to aggressively business. manufacturing plant in the country work to increase the contribution of The company has also added a which would cater to both domes- the division to overall revenue. new line recently for making thin- tic and overseas markets. The pro- In the lighting segment, Philips ner tube lights, called T5, at the posed unit will integrate two Indian Electronics has also decided to Mohali factory. “It saves about 40 firms acquired by it last year. Be- double CFL manufacturing capac- per cent energy... We are making sides expanding the company’s lo- ity at its Mohali plant in Punjab. a big play there... We have started cal operations, the plant will make However, he declined to share the manufacturing these at our factory India a major supplier for global investment details, but said: “We in Mohali”, Mr. Sivaraman added. markets. will be investing big money in ram- - PTI Economic Service 34 Business and Travel Times January 2010 BTT-Jan-10.indd 34 1/12/2010 4:51:53 AM
    • corporate High output water purification system from Shivsu T he Chennai-based Shivsu Canadian Clear International Ltd. has launched Sil- ver Stream, a high out- put reverse osmosis (RO) system. With the produc- tion capacity reaching 10 lakh litres per day, Silver Stream finds applications in commercial establish- ments, water bottling plants, residential com- plexes, amusement parks, hospitals, etc., where high volumes of drinking water are required. Silver Stream systems are fully automatic RO systems designed to process water with typical lo- cal characteristics in terms of iron content, salinity, impurity, turbid- ity, brackishness, etc. For instance, industries. Shivsu Canadian Clear is the only sea water or feed water with up The state-of-art design of the company in India which offers a to 12,000 parts per million of to- Silver Stream high output RO sys- wide choice of stainless steel tanks. tal dissolved solids can be treated tems ensures that all components, The RO systems comply with all the effectively to give quality drinking including pumps, membranes, requirements as laid down by the water. The RO plants are equipped complete instrumentation, regulat- Bottled Water World and Quality with large commercial type sedi- ing valves, etc., are of the highest Water Association. The system pro- ment filter to remove micro-sized quality and arranged on a single vides fresh drinking water free of suspended solids, even as small as compact frame to save space. This any harmful chemicals. In addition 5 microns. is imperative in the face of escalat- to installation, Shivsu also takes up Silver Stream RO water is safe for ing real estate costs and the need post-installation maintenance. babies, pregnant women and aged to maximize utilisation of available The new product carries a war- people. Certified as diuretic and floor space. ranty for one year. Available in a nutritive, it serves as a product for The product is fitted with an range of standard sizes and ca- excellent hair care, dental hygiene analogue water quality meter to pacities, it is affordably priced from and skin and facial care. Available display the characteristics of the Rs. 1.25 lakhs for an RO system in a range of standard sizes and treated water and a unique built-in with high grade stainless tank, and capacities, the RO water will be a membrane cleaning and preserva- a dispensing capacity of 250 litres boon for pharmaceutical and food tion system. per hr. w Business and Travel Times January 2010 35 BTT-Jan-10.indd 35 1/12/2010 4:51:54 AM
    • corporate electrotherm launches largest induction melting furnace Electrotherm (India) Ltd. has an- the Indian market, Electrotherm naces for foundries. After conduct- nounced the launch of the world’s has also been actively marketing ing seminars in the foundry town- largest medium frequency induc- its products in the global market. ships of Jaipur, Rajkot, Jamnagar tion melting furnace of 40T capac- It has been a key player in execut- and Rourkela, the company is busy ity most ideal for economic steel ing turnkey projects for producing educating the clients in Chennai on making in India. The launch after steel through the induction furnace the various options available for the success and encouraging re- route. Of late, we are using the ex- their applications. sults from the 25T and 30T furnac- perience of the international mar- “We have always been expending es from Electrotherm will help bring ket for executing turnkey projects more energy in understanding our down the cost. Billet making will be in the country. The Indian commu- clients’ needs and addressing their cheaper by a comfortable Rs. 800 nity has now realized the impor- requirements for ferrous as well as per ton. tance of experienced detailed en- non-ferrous applications. We have Mr. Sunil Kulkarani, Vice Presi- gineering, and as of date we have a host of equipment to offer, and dent (Marketing), Electrotherm already executed one such project each one of them is a customized India Ltd., said: “During tough in central India, apart from having solution within itself. The testimo- times like the present one, cost concrete executable orders from nies and patronage that we enjoy reduction is a life saver for steel some clients in south India.” from our Indian as well as overseas plants, and we believe our prod- Apart from furnaces of larger ca- customers are exemplary enough”, ucts will go a long way in helping pacities, the company has played Mr. Kulkarani added. achieve the same. In addition to an instrumental role even with fur- w Gmi-Oriental Bank agreement for vehicle financing GMI and Oriental Bank of Commerce have As per the MoU, Oriental Bank will now provide signed a memorandum of understanding (MoU) to retail financing to customers for purchase of GM finance sale of GM India vehicles both at wholesale India vehicles across the country. Both the bank and and retail levels. The agreement was signed by Mr. the company will promote schemes to offer easy Ankush Arora, Vice President, Sales, Marketing and finance options to valued customers through all After sales, GM India, and Mr. A.K Tangri, Gen- branches of the bank. With a network of over 1,400 eral Manager (RDRPSCD), Oriental Bank of Com- branches across the country, Oriental Bank is one merce, in the presence of Mr. Karl Slym, President of the largest public sector banks in India. & Managing Director, GM India, and other officials It may be recalled that GMI has already signed of the bank. agreements with several banks for vehicle financ- Commenting on the occasion, Mr. Arora said: ing. The financing arrangements are helping the “We are extremely pleased to partner with Orien- company to provide auto loans to its customers in tal Bank of Commerce because of its wide network over 200 cities where its dealers are located. With across the country. Its extensive reach will help our its major drive to further consolidate its position in customers to get loan facilities to buy our products. the automobile market, the company is now ap- Low interest rates and low processing charges are pointing more dealers and authorized service out- some of the benefits of opting for Oriental Bank of lets in urban, semi-urban and other cities to widen Commerce as the preferred financier for our vehi- its network. cles”, he added. w 36 Business and Travel Times January 2010 BTT-Jan-10.indd 36 1/12/2010 4:51:54 AM
    • corporate Raj Petro launches India’s first branded speciality lubricants T he Chennai-based Raj Petro Specialities Pvt. Ltd. (RPSPL) of the Raj Group has launched ONWO, India’s first branded speciality lubricants, to cater to the food, pharma- ceutical, chemical and heavy engineering industries. The range of speciality products would include food grade and high-performance greases and oils, maintenance prod- ucts and specialities. The Rs. 850-crore RPSPL is the petent team for supporting the set up a state-of-the-art facility in only full-line supplier in India with technical and service require- Chennai for local production of a comprehensive range of indus- ment of this segment, along with ONWO lubricants matching the trial lubricants and process oils, support from highly experienced best international standards. including transformer oils, white technical associates. All ONWO RPSPL is a market leader in the oils, petroleum jellies, additives products withstand extremes of field of process oils and conven- and a range of industrial oils & temperatures, high shock load- tional lubricants for industrial and greases, as well as automotive lu- ing, vibrations and high speed automotive applications and has bricants. Its ONWO range of spe- under dusty, wet, saturated and a 7 per cent share in the Indian ciality lubricants are designed to chemically corrosive environment. market for lubricants and process address the unique requirements By extending the service life of lu- oils. “We have been notching an of the niche industry segments bricant as well as components, average growth of 30 per cent and are environment-friendly. these products ensure substantial for the last 4 years which is sub- Developed in technical liaison maintenance cost savings and in- stantially higher than the average with a UK-based company spe- creased production. growth rate of the lubricant indus- cialising in high performance Addressing a press conference, try. Over the next five years, Raj industrial lubricants, the ONWO Mr. Amit Nanavati, RPSPL Direc- projects to more than double its products include a comprehen- tor, said that speciality lubricants turnover through organic growth sive range of food grade lubri- required by the niche segments and deeper penetration in the do- cants, certified to category HI by are currently being imported at mestic as well as export sectors”, NSF, USA. These products are high costs. It is expected that the he added. certified to be used for inciden- local production will improve the Raj Petro has manufacturing lo- tal food contact and can also be availability of these products and cations in Chennai, Silvassa and used for pharmaceutical and per- will also result in substantial cost Ankleshwar, and its business op- sonal care industries. reductions and savings for the erations spread across India and The group has created a com- user industries. The Raj Group has 56 countries. w Business and Travel Times January 2010 37 BTT-Jan-10.indd 37 1/12/2010 4:51:55 AM
    • corporate Towers Perrin-Watson Wyatt merger complete Towers Watson & Co. has been set tions and approval of the transac- clients and greater opportunities up after completion of the merger tion by the companies’ respective for our people and our sharehold- of Towers Perrin and Watson Wyatt. shareholders on December 18 ers.” Watson Wyatt Chief Executive Of- last. Towers Watson’s Class A com- As a result of the merger, Tow- ficer John Haley will serve as Tow- mon stock has been listed on both ers Watson expects to issue ap- ers Watson’s Chairman and Chief the New York Stock Exchange and proximately 46.9 million shares of Executive Officer, while Towers Per- NASDAQ under the ticker sym- Class A common stock, as well as rin Chief Executive Officer Mark bol “TW” as of January 4, 2010. approximately 29.5 million shares Mactas will serve as Deputy Chair- Trading of Watson Wyatt’s Class of Class B common stock, which man, President and Chief Operat- A common stock under the previ- will be subject to transfer restric- ing Officer. ous ticker symbol (WW) is discon- tions and will generally convert “We are delighted to finalize the tinued. Based on the closing price into freely-tradable shares of Class merger and look forward to bring- of Watson Wyatt common stock on A common stock on a one-for- ing a broader portfolio of services December 31, 2009, the implied one basis over the next four years. to our clients,” said John Haley. value of the transaction is $4 bil- Towers Watson will also pay $200 “When it comes to managing costs, lion. million in cash and issue one-year risks and people, the world is grow- “Towers Watson builds on shared promissory notes in an aggregate ing more complex every day. Tow- values of integrity, professional ex- principal amount of $200 million ers Watson is uniquely positioned cellence and collaboration with a to certain former Towers Perrin to help our clients gain the per- strong clients-first orientation,” said shareholders who have voluntarily spective necessary to take the right Mark Mactas. “With our combined elected to terminate their employ- actions to drive business results.” experience, and breadth and depth ment with Towers Watson. The merger follows receipt of all of skills, we will be able to provide necessary regulatory authoriza- greater insight as we work with our w environment excellence award for ion exchange Ion Exchange (India) Ltd. has emerged the winner communities. It has led us to extend our capabilities of the Frost & Sullivan 2009 Environmental Excellence to encompass water, air, waste and renewable energy. Awards for the Best Company of the Year in the Indian We have pioneered solutions for recycle of industri- water & waste water treatment segment. The Awards al effluent and domestic sewage, to conserve water in the various categories were presented at its first and natural resources. Our Zero B purifiers provide Annual Environment Industry Awards Night held on safe drinking water to all consumer segments at every December 15 in Mumbai, which brought together a price point and include innovative solutions to treat galaxy of eminent industry experts and leaders across water contaminated with fluoride, iron, arsenic and market segments. nitrates”. Receiving the Award, Mr. Rajesh Sharma, Vice Chair- The Frost & Sullivan Environment Excellence Awards man & Managing Director, Ion Exchange, said: ”It is recognise the exemplary achievements, business win- our company’s continuous endeavor to use technol- ning strategies and innovative best practices of compa- ogy innovatively to offer solutions to improve the qual- nies operating in the highly dynamic and competitive ity of life and protect our earth’s most vital resources environment. The Award to Ion Exchange follows sev- for a sustainable future. This has led us to develop eral other prestigious Water Awards by Water Digest products and technologies to create a capability to in association with UNESCO, such as for Best Water provide integrated, cost-effective solutions for all sec- Company, Best Domestic RO Purifier, Best Water Treat- tors – industrial, institutional, municipal, homes and ment Chemicals and Best Water Conserver. w 38 Business and Travel Times January 2010 BTT-Jan-10.indd 38 1/12/2010 4:51:55 AM
    • corporate Zen Mobile launches QWertY Z 77 Revolutionizing the Indian mobile where all the instant messaging ap- market, Zen Mobile of the Teleecare plications appear on the screen at Group has launched the QWERTY one time, and each can be ac- Z 77, a sleek phone designed with cessed simultaneously. the best features. Available at a Commenting on the new mod- competitive price, it will become el, Mr. Vaibhav Shastri, CEO, popular amongst today’s tech- Zen Mobile, said: “India is one savy youth. of the key markets for any mo- The Z 77 is equipped with a bile manufacturer. With our new preloaded opera-mini browser model Z 77, we intend to pro- which delivers quick and hassle- vide the smartest features which free browsing while its large 2.2” will cater to all the requirements screen calls for easy internet surf- of the customer. Our forte is to ing. One can watch movies and bring in the best available servic- videos on the widescreen as it of- es within an extremely affordable fers the benefit of the real mp4 price range of Rs. 3,299. With playback and recording. such a product in hand, we plan Special moments and memories to catapult the concept of mobile can now be captured and cher- manufacturing onto a whole new ished on Z 77’s 1.3 mp camera. level. A track of one’s daily life can be With the launch of the Z 77, kept the directing reminders of ap- Zen Mobile is all set to provide pointments, birthdays and the lat- the Indian mobile users a chance est events with notes. to experience state-of-the-art Other impressive features are the technologies which will leave mp3 playback, wireless FM radio and them mesmerized. The phone offers the expandable memory of the phone. Add- the latest in advanced design and technol- ing to it are headphones or attached speakers which ogy which is evident in its dual SIM facilities (GSM come equipped with a 3.5mm jack and music presets. + GSM), amazing battery back-up and expandable You can now keep yourself online with Z 77’s nimbuzz memory. w merger of BasF and Ciba entities in india approved At a meeting convened by the High Court of Ju- share-swap ratio, was approved by the Board of the dicature in Mumbai on December 16 and 17, the respective companies on the same date. shareholders of BASF India Ltd. (BIL) and Ciba India Accordingly, equity shareholders of Ciba India Ltd. Ltd. (CIL) approved the scheme of amalgamation of and Ciba Research will receive shares in BASF In- the three Ciba Group companies in India with BIL. dia Ltd. The share exchange ratio is determined at BASF announced its plans to merge the three In- 90 equity shares of BIL of Rs. 10 each fully paid for dian Ciba companies – Ciba India Ltd., Ciba Re- every 100 equity shares of Ciba India of Rs. 10 each search (India) Pvt. Ltd. and Diamond Dye-Chem Ltd. fully paid, and 18 equity shares of BIL of Rs. 10 each – with BASF India at its Board meeting held on Sep- for every 100 equity shares of Ciba Research (India) tember 12 last. The merger proposal, including the of Rs. 10 each fully paid. w Business and Travel Times January 2010 39 BTT-Jan-10.indd 39 1/12/2010 4:51:57 AM
    • aviation Qatar Airways extending service to copenhagen and Barcelona Qatar Airways has announced ranks as a popular hub for re- destination, during the year. that Copenhagen and Barce- gional headquarters of large With six new routes on the lona will join the airline’s ever- international companies. Last horizon, Qatar Airways will in- expanding route network during year, Copenhagen was singled crease its global portfolio from its summer schedule which be- out as the Most Liveable City in 85 to 91 diverse business and gins at the end of March next. the World by leading interna- leisure cities across Europe, The announcement follows tional lifestyle magazine, Mono- Middle East, Africa, South Asia, months of industry speculation cle, and is also considered one Far East, North America and over the Doha-based carrier’s of the world’s most environ- Australasia. The carrier current- plans to launch two new un- ment-friendly cities. ly operates a modern fleet of 76 named European destinations. Barcelona will become Qa- aircraft. Commencement of four week- tar Airways’ second city served Qatar Airways Chief Execu- ly flights to Copenhagen, the in Spain, after Madrid, when tive Officer Akbar Al Baker said: capital city of Denmark, will see daily services commence to the “The addition of the European the airline significantly increase popular port city. The new route cities of Copenhagen and Bar- its Scandinavian presence. It underscores a growing commit- celona, along with Ankara which currently serves t h e ment by the airline to the Span- we announced a few days ago, neighbouring ish market. follows the airline’s strategy to Swedish capital News of the two expand its operations to Stockholm non- route an- diverse and under- stop from Doha, nounce- served a route launched two years ago. Qatar Airways re- cently announced that it will boost capacity on its Stockholm ments cities from the Gulf. By route with frequency increas- came just days adding these three cities to our ing to daily from March. With after Qatar Airways unveiled route network, we are demon- Copenhagen being added, the plans to launch flights to Ben- strating our commitment to ex- airline will further strengthen its galuru (Bangalore) in southern panding our presence in Europe operations in Scandinavia, ce- India, the Turkish capital Ankara and introduce new travellers to menting its place in the market and Japan’s capital city of To- our award-winning Five-Star as the only GCC carrier to serve kyo over an eight-week period services, as well as provide our the region. starting in February. The airline existing passengers with even With the largest airport in also plans to launch flights to more destinations and conven- Scandinavia, Copenhagen Sydney, its second Australian ient travel options”. w 40 Business and Travel Times January 2010 BTT-Jan-10.indd 40 1/12/2010 4:51:57 AM
    • aviation Paramount airways joins hands with Budget Rent-a-Car Paramount Airways has an- esta, Toyota Corolla, Skoda Laura perience and extends far beyond nounced a strategic alliance with and Toyota Innova. Self-drive rates air travel. Budget Rent-a Car is an Budget Rent-a-Car with a view to will be offered to the Royale guest established partner with a large benefiting the members of its fre- at a discount of 20 per cent off the presence across the world and a quent flier privilege programme rates available in India. promising presence in India, and – Paramount Royale. The pro- Commenting on the develop- I look forward to a successful air gramme has now additional prod- ment, Mr. M. Thiagrajan, Man- to ground alliance that will benefit uct benefits. Effective January 4, aging Director, said: “Paramount our Royale members.” Paramount Royale members can Airways today commands one of Mr. Ross O’Donnell, CEO of earn 4 Partner RoyaleMiles for the highest load factors and one Budget India, commented: “Budg- every Rs. 100 spent with Budget of the most prestigious product of- et Rent-a-Car is extremely excited Rent-a-Car in India. ferings in the Indian skies. In our about the alliance with Paramount In addition, they are also entitled commitment to reward our loyal and sees this a tremendous oppor- to a host of special benefits and customers, this strategic alliance tunity for the traveller to experience privileges based on their tier status with Budget Rent-a-Car is anoth- two travel partners who share the in the programme. These benefits er way of bringing ease of travel, same focus on quality and comfort include special rates for guests convenience and comfort that for their guests.” who opt for Maruti Swift, Ford Fi- complement the Paramount ex- w Business and Travel Times January 2010 41 BTT-Jan-10.indd 41 1/12/2010 4:52:22 AM
    • touRism China tourism award for inoRBit tours The Mumbai-based INORBIT ing of international trade exhibi- Tours & Travels has been reck- tions in cities like Shanghai, Bei- oned as one of the top four tour jing, Guangzhou, Nanjing Ningbo, operators in India for promotion of Hongzhou, Harbin, Shenzhen, He- China and given the China Tourism fei, Chengdu and Suzhou. All these Award by the China National Tour- cities have exhibition & convention ism Administration. The Award was centers, backed by a large number received by Mr. Narayan Kabra, of star hotels and excellent con- Business Head of INORBIT Tours, nectivity by road, rail and air. Such at a special function organised in facilities help both the domestic Delhi by Ms. Alice Wang, the Ad- Mr. Om Prakash, and international visitors to reach ministration Director. Director, INORBIT Tours their destinations safely and con- Commenting on the Award, Mr. als have visited China. Apart from veniently. Om Prakash, Director, INORBIT visiting trade exhibitions, tours to INORBIT will promote over 60 Tours, said in a press release that various commercial and historical trade fairs in China in 2010 related he is the pioneer in promotion of cities of China are also arranged. to all industries. The focus of the tours for Indian businessmen to He has thus been instrumental in visits arranged will be an imports, participate in trade exhibitions in boosting Indo-Chinese economic exports, joint ventures and tech- China since last 12 years. As a relations and tourism. nology transfer, Mr. Om Prakash result, thousands of Indian indus- By virtue of the opening up of added. trialists, businessmen, importers, its economy, China has built up For details, emial: omprakash@ exporters, traders and profession- world class infrastructure for host- inorbittours.com w itzCash Card ties up with Cox & Kings too Cash cards have emerged as the preferred mode of position. payment in the rapidly growing online travel booking According to Mr. Naveen Surya, Managing Director, market. ItzCash Card Ltd., India’s leading cash card ItzCash Card Ltd., “the dynamics in the Indian travel company, has tied up with Cox & Kings to facilitate on- industry are fast changing with the online travel book- line air ticket booking. With this tie-up, all Cox & Kings ing segment emerging as a fast growing market, and customers can now avail themselves of the benefits of to tap this opportunity we have tied up with leading booking their tickets online by using ItzCash card. travel portals and agencies, thus expanding our reach This tie-up is a part of Itz- across India.” Cash’s plans to expand its In India, 54 per cent market reach in the travel of air ticket booking segment where it has is done online, with tie-ups with promi- cash cards cornering nent travel portals a 28.8 per cent share and agencies like Yat- of the total online ticket ra.com, Cleartrip.com, booking. Makemytrip.com, Thomas ItzCash World, the ItzCash Cook and others to provide better travelling experi- franchisee with presence even in Tier II and Tier III cit- ence to people. ItzCash, in a short span of five years, ies in India, has largely been successful in reaching has expanded its reach to service millions of custom- out to a large number of people by providing them a ers in the travel segment, thus indicating its leadership simple, easy and convenient option of ticketing. w 42 Business and Travel Times January 2010 BTT-Jan-10.indd 42 1/12/2010 4:52:23 AM
    • events versatile allma CC3 Combi will be on show at tire technology 2010 The world’s most important trade fair for the tyre and sup- ply industry – Tire Technology 2010 – will be held in Co- logne during Febru- ary 9-11. Oerlikon Saurer will make its presence felt at the show by displaying its prod- ucts. Allma Product Line will present the innovative Allma CC3 Combi ma- chine with its unique two-for-one twisting package and assem- bling unit. About two-thirds of the worldwide The new machine concept allows speed of up to 120 m/min. tyre cord production is based on yarn manufacturers to cover niches On the Allma CC3 Combi, the Allma cabling and twisting sys- such as 1-ply, 3-ply or asymmetri- changing to the new production tems. To put it in figures, 165,000 cal 2-ply with just one machine. process requires just a few easy cabling spindles in renowned With the Allma CC3 Combi, 2- steps. Customers can compensate companies are processing the full ply and 3-ply tyre cord, cap ply, production fluctuations and opti- range of materials into top-qual- chafer and other technical yarns mally cover niche markets with just ity tyre cord. With the Allma CC3 can be very economically cabled one machine. In addition, the high Combi, Allma Product Line offers or twisted as required on the same production flexibility guarantees an the market’s most advanced and machine. ideal capacity utilization of the ma- successful cabling machine. With its future-oriented e-save chine. The machine is equipped with technologies, the Allma CC3 Allma Product Line takes care of two-for-one package and assem- Combi ensures reduction in energy its customers worldwide quickly and bling unit. In addition to cabling consumption of more than 10 per comprehensively, and its reputa- symmetrical 2-ply tyre cord, you cent compared with competitor tion as a competent and innovative can now twist single yarns and machines. The unique two-for-one partner for the tyre and tyre cord asymmetrical 2-ply constructions package allows for the processing industry is backed up by first-class as well as symmetrical and asym- of all materials, including the deli- products and a world-encompass- metrical 3-ply constructions ac- cate aramid and rayon with enor- ing network with comprehensive cording to the two-for-one twisting mous economic advantages. This services. principle on the same machine. is also supported by the take-up w Business and Travel Times January 2010 43 BTT-Jan-10.indd 43 1/12/2010 4:52:23 AM
    • events CeBit 2010 to attract new target groups Come March, the who is who of the ICT will help drive the upturn in virtually Information, Communications and Tech- every user industry, since the new solu- nology (ICT) industry worldwide will con- tions developed by the ICT industry are verge in Hannover for CeBIT, the world’s progressively more efficient, allowing the leading ICT trade fair from March 2 to user enterprises to develop new growth 6. potential in turn. The innovative dyna- Many countries are now recovering mism of the ICT sector is an enabler for from the global recession. The economic the user industries,” he added. recovery invariably boosts demand for CeBIT 2010 will feature new content and information and communication technol- subject areas. The additions will definitely ogy equipment and softwares. attract new target groups. “Machines and Leading ICT companies around the devices are becoming progressively more globe prefer CeBIT to introduce their sophisticated, which is leading to the con- new technologies and equipment. In fact, tinued convergence of different applica- since the economic recovery begins, more companies tions,” according to Mr. Raue. are expected to come out with new products. The technical availability of established and new CeBIT covers all the products, services and solutions offerings on the Web is now possible, thanks to in- that enhance digital lives, both at work and home. This creasingly high-capacity networks. A new Broadband year’s theme is ‘Connected Worlds’, with major em- Forum at CeBIT will reveal the latest developments. phasis on Business IT, Green IT, Internet & Mobile So- India has many things to look forward in the next lutions, Webciety, Destination ITS, TeleHealth, Security, CeBIT as the country is going ahead with the na- Banking & Finance, Communications, ICT Infrastruc- tional e-Governance programme on a war footing. ture and Planet Reseller. Over 55,000 Common Service Centres (CSCs) of the CeBIT is one of the most important trade fairs for 1,00,000 planned have been rolled out by various India, as the country already has shown its might in the State Governments under the National e-Governance ICT sector to the world. The regular Indian participants Plan. The Department of Information Technology has make good business out of the fair. In the 2009 fair, prepared a plan to position an additional 1,50,000 25 Indian companies participated. CSCs to cover all panchayats, bringing the total “Preparations for CeBIT 2010 are already in full number to 2,50,000. swing, and global ICT markets are responding in a The CSCs will deliver services under Bharat Nirman highly positive manner,” said Mr. Ernst Raue, Board and provide support to other flagship programmes Member of Deutsche Messe, the fair organiser. such as the National Rural Employment Guaran- Talking to the press in Madrid, at the contract-sign- tee Scheme, Sarva Shiksha Abhiyan, National Rural ing ceremony with the CeBIT Partner Country, Spain, Health Mission, etc. he observed: “Opportunities for new and expanded Currently more than 100 public services are avail- business relations are going to arise not only for Span- able online, including services pertaining to registra- ish exhibitors at CeBIT 2010 but for all other enterpris- tion and filing of returns by corporations under the es as well. In some regions, the economy is already Ministry of Corporate Affairs, e-filing of income-tax re- beginning to pick up. Additional regions will follow, so turns as well as refunds by the Department of Income that by spring 2010, CeBIT will assume an even greater Tax, e-Payment of Direct and Indirect Taxes through international role. Anyone who wants to achieve new 28 National Banks, e-services for pensioners through growth has to come to CeBIT. Only an international pensioners’ portal. In addition to these national serv- business hub like CeBIT can take a positive mood and ices, several States have computerised land records turn it into tangible orders and business deals”. to deliver computerised Record of Rights, registration The ICT industry would be among the greatest ben- of property and conversion of paper-based driving li- eficiaries of an economic upturn. “New advances in cences to Smart Cards. w 44 Business and Travel Times January 2010 BTT-Jan-10.indd 44 1/12/2010 4:52:24 AM
    • touRism Howard Plaza Hotel taipei focus on business traveller comfort art audio-visual equipment and a sophisticated team of experienced convention service personnel. Howard Plaza Hotel Taipei has 10 distinctive restaurants serving French, Shanghainese, Cantonese, Taiwanese, Japanese and Europe- an cuisine. In 2009, the hotel was awarded ISO 22000 & HACCP Certification, the first Taiwan local property to receive such accredi- tation. In other words, it strives to maintain the highest food service and hygiene standards. As a business hotel, Howard Pla- za understands what it takes to cre- ate the right environment to assist you with your business need. The Rosewood Club Lounge with its two private meeting rooms offers the Rosewood Club Business Suites guests a professional and person- alized service. A majestic front view of the Howard Plaza Hotel w H oward Plaza Hotel Taipei, the flagship of the Howard Hotels Resorts & Suites Group of Tai- wan, is centrally located in the city’s financial and government districts. It is within walking distance to Zhongxiao Fuxing and Daan MRT Stations and a 10 minutes drive to Taipei World Trade Center, Tai- pei International Convention Center and 101 Financial Center. The hotel offers its business travellers the comfort of a home away from home. It features 606 tastefully deco- rated rooms and suites furnished with elegant rosewood furniture. Incorporating the latest technology, broadband internet, pay movies, dual line telephone, voice mail, mini- bar and in room tea/coffee making facilities it makes your stay there most comfortable. The hotel has a 663 m2 fully equipped Grand Ballroom, with seating capacity for 600 guests, and there are 12 ad- The Rainbow Terrace ditional meeting rooms well supported by the state-of-the- Business and Travel Times January 2010 45 BTT-Jan-10.indd 45 1/12/2010 4:52:25 AM
    • aCHievement tamil Chamber honours Chief minister Mr. Chozha Naachiar Rajasekar, President of the Tamil Chamber of Commerce, recently met the Tamil Nadu Chief Minister, Mr. M. Karu- nanidhi, at a formal function held in Chennai and presented him a memento in appreciation of his receiving the “Tamizh Thalai Ma- gan” Award from Bharathi Tamizh Sangam, Kolkatta, in the presence of the State Minister for Electricity, Mr. Arcot Veerasamy, Kavi Perarasu Vairamuthu, Mr. T.K.S. Elangovan, MP and Dr. R. Sivakumar, Presi- , dent, Bharathi Tamizh Sangam, Kolkatta. Representatives of the Tamizh Sangam of Singapore, Hong Kong, Germany, Malaysia and Thailand Mr. Chozha Naachiar, TCC President, presenting the memento to the Tamil Nadu Chief as well as from other Indian cities Minister, Mr. M. Karunanidhi. The others in the picture are Dr. R. Sivakumar, President, also attended the function. w Bharathi Tamizh Sangam, Kolkatta, Kaviperarasu Vairamuthu and Mr. T.K.S. Elangovan, MP. 46 Business and Travel Times January 2010 BTT-Jan-10.indd 46 1/12/2010 4:52:27 AM
    • men at tHe Helm Mr. Hareendranathan. Mr. Nakul Anand, Divisional E.P has taken over as . Chief Executive - Hotels, ITC Ltd. Airport Director, Chen- has been elected President of the nai Airport. Prior to this, Hotel Association of India. He he was General Man- succeeds Ms. Priya Paul, Chair- ager (Technical) at the person, Apeejay Surrendra Park corporate headquarters Hotels Ltd. in New Delhi. While Mr. Ajoy Misra, Senior Mr. Hareendranath- Vice President (S&M), Taj Group an, a graduate in Mechanical Engineering, of Hotels, was elected Vice Presi- joined Airports Authority of India in 1985. He dent of the Association, Mr. Vikramjit Singh Oberoi, Joint has 24 years of service in the aviation sector Managing Director of East India Hotels Ltd., was elected and served in various capacities at major air- Honorary Treasurer. Mr. Rupak Gupta, Executive Direc- ports like Mumbai and Kolkata. tor, U P Hotels Ltd., is the Honorary Secretary of the As- sociation. After his election Mr. Nakul Anand said: “There is no doubt that 2008-09 was extremely challenging owing Zen Mobile has appointed Mr. Vaibhav to the cataclysmic events that occurred for the hospital- Shastri, who previously served as the head ity industry as for other sectors, be it global economic for mobile business in Micromax, as its CEO. downturn or terrorism. We managed to navigate through He has nine years of work experience in the the rough times and now look ahead to entering the new mobile industry and a successful track record decade fully committed to triple bottom-line objectives: in helping build profitable brands as well as economic, environmental and social”. brand management. Mr. Shastri said: “The Indian mobile indus- try is undergoing a gradual change. The Cel- Mr. V. Ramagopal has taken over as Executive Direc- lular Operators Association expects that the tor of Indian Bank. He was General Manager of Andhra number of mobile phone subscribers will rise Bank since June 2005. to 525 million by 2010. I am looking forward Mr. Ramagopal is an M.Sc. (Biochemistry) and CAIIB. to establishing Zen Mobile as one of the lead- He started his career as Probationary Officer in Indian ing brands in India.” Bank in April 1973 and worked in its various branches Mr. Shastri will lead the national launch of in Mumbai. In 1976 he joined Andhra Bank as Sub Zen Mobile and look towards strengthening Manager and, after elevations, became General Man- the position of the company across the coun- ager in June 2005. try. This is particularly important given that the With his rich experience in the field of funds manage- company has recently launched its pan-India ment & investments and forex, he had handled various operations under the Zen Mobile brand. responsibilities in Andhra Bank. w Business and Travel Times January 2010 47 BTT-Jan-10.indd 47 1/12/2010 4:52:27 AM
    • 48 Business and Travel Times January 2010 BTT-Jan-10.indd 48 1/12/2010 4:52:31 AM