Category Archives: Business & Economy

Social enterprise takes smart products to India’s rural poor

Source: Thomson Reuters Foundation – Fri, 11 Apr 2014 

By Nita Bhalla

An Essmart Global representative trains a village shopkeeper on technology products that are helping improve life for poor rural communities and small scale-farmers in Coimbatore district, Tamil Nadu, India./  Photo taken by Essmart Global in 2012
An Essmart Global representative trains a village shopkeeper on technology products that are helping improve life for poor rural communities and small scale-farmers in Coimbatore district, Tamil Nadu, India./ Photo taken by Essmart Global in 2012

Mumbai , India, April 11 (Thomson Reuters Foundation)

A start-up Indian social enterprise has come up with an innovative solution to one of the country’s biggest development challenges – helping the rural poor easily access basics such as clean drinking water and electricity.

Essmart Global is bringing affordable products such as solar lanterns, rechargeable batteries and water filters to the doorsteps of mud-and-brick villages through a unique partnership with shopkeepers in south India.

“We bring different technologies that are appropriate to rural areas to existing market places such as rural ‘kiranas” or ‘mom-and-pop stores’, and make these products available through a catalogue,” said Prashanth Venkataramana, Essmart’s head of operations in India.

“Customers will have access to the products they want and get them delivered within a day, without having to travel to the cities and towns where these products are generally only available.”

Venkataramana was speaking on the sidelines of the Sankalp Unconvention Summit in Mumbai, where hundreds of social enterprises from around the world have gathered to showcase their ideas for development.

The three-day conference has seen social entrepreneurs pitching products such as solar lanterns, clean cooking stoves, and irrigation tools which use less water or agriculture instruments which make processing crops more efficient.

India has witnessed stellar economic growth over the last two decades, yet one third of the country’s 1.2 billion population still lives below the poverty line.

Seventy million households – 35-40 percent of the country’s 1.2 billion people – have no access to electricity, while 100 million do not have access to clean drinking water.

But while there are thousands of products which can help address these issues, most are not easily available to the rural poor – largely because village retailers cannot afford to buy in bulk, a key requirement for manufacturers.
GOING THE LAST MILE

Essmart Global, in essence, acts as a distributor and buys products in bulk, which are stored in local warehouses. When a customer orders a product from the catalogue in his village store, it is dispatched and delivered to the shop the next day.

“We provide any product which can improve the quality of life of people living in rural areas. These are products such as solar lanterns, water filters, tablet computers, rechargeable batteries and rechargeable flashlights,” he told Thomson Reuters Foundation.

“There are also products which can help them in their occupations such as agricultural equipment, little gadgets that can work on their farms or fields.”

The social enterprise, which began operations in August 2012, provides 45 products to 400 village stores in the west of Tamil Nadu state and works with around 20 large and small manufacturers.

The company has sold some 2,200 products so far, with the most popular being solar lanterns which sell for around 1,400 rupees ($23).

For more expensive products, such as a solar-powered water pumps for irrigation, Essmart helps customers arrange a line of credit with the manufacturer or through a microfinance company. All products come with a warranty.

Venkataramana said one of the most exciting outcomes is not just that the business helps rural customers, but that it also benefits villager retailers.

“These rural shops generally only sell fast-moving consumer goods such as shampoos, soaps, toothpaste etc which they make little (profit) on,” he said.

“What we are getting the shopkeeper to do is sell technology products which he wouldn’t normally sell and helping him increase his margins. In fact, stores which have worked with us, have seen a 30 percent increase in their monthly income by selling products from Essmart.”

source: http://www.trust.org / Thomson Reuters Foundation / by Nita Bhalla / Friday, April 11th, 2014

KBL’s Mahila Mission 20, an all women project at Coimbatore plant sets foot in Limka Book of Records

Pune :

Kirloskar Brothers Limited (KBL), announced that its all-women Coimbatore plant has bagged a prestigious award by the Limca Book of Records for its project ‘Mahila Mission 20’. The project has achieved a milestone of assembling a pump in 17.25 seconds, making it a national record, stated a company release.

LimcaRecordsCF23apr2014

The silver jubilee of the Limca Book of Records dedicated to the cause of Empowering Women honoured Dr.RV.Rajkumar with the recognition on behalf of the entire female workforce of Kirloskar Brother s Limited ,Coimbatore plant. The award was offered in the presence of numerous dignitaries, leaders, decision makers and bureaucrats from various participating companies.

Sanjay Kirloskar , Chairman and Managing Director of Kirloskar Brothers said, “It is a proud moment for us to be recognised for our accomplishment towards women empowerment. Our all-women Coimbatore plant has received many significant awards and this recognition further reaffirms the abilities of our female employee’s.”

He further added, “With the dedication of our associates, we have successfully reduced the assembly time from 60 seconds to a record breaking 20 seconds; thereby increasing the plant production to 34000 pumps per line per month. I am extremely overwhelmed to have such a committed women workforce that settles for nothing but the best.”

KBL’s all women Coimbatore plant was established in 2011. The plant manufactures different models of domestic pumps and has 65 women between the age group of 19 to 30 employed on the shop floor. KBL is the only engineering company in India which operates with 100% female associates in the manufacturing process, stated the release.

source: http://www.articles.economictimes.indiatimes.com / The Economic Times / Home> News> News By Company> Corporate Announcements / by Jayashree Bhosale, ET Bureau / April 11th, 2014

Bengalis find golden opportunity in Kovai

Coimbatore :

While many of them may miss the eclectic culture of Calcutta, there is no doubt among members of the cotton hub’s Bengali community that Coimbatore has now become their favourite city. This is the one community that has been able to maintain its own identity while blending in perfectly with the local community.

On a conservative estimate, more than 22,000 Bengalis hailing from upper and middle class families have settled down in the city. The city also plays host to numerous youths from districts outside Kolkata migrating to work in various industrial units and private firms in the area.

“Most of us have been living here since the 80s. We have made this our home and are totally comfortable here. The salubrious climate and the peaceful law and order situation makes it a better place to raise a family than Kolkata,” said Subrata Majumdher, Secretary, The Bengali Association, Coimbatore.

Majority of the city’s Bengalis are engaged in various business activities. However, the younger generation is opting for IT jobs in MNCs. According to Subrata Barik, another prominent member of the community, a major chunk of Bengalis are associated with gold manufacturing units. In fact Edayar Street in the old city area is lined up with numerous gold manufacturing units owned by members of the West Bengal community. However, the rest of the community is scattered across the city, especially in Saibaba Colony and Kavundampalayam.

“Majority of our community is associated with gold manufacturing business and our workers and gold craftsmen form an integral part of the sector in Coimbatore,” Barik added

Keeping their traditions alive, the community annually arranges elaborate Durga Puja celebrations in the city. The authenticity of the celebration is maintained as artisans from Bengal are hired and brought to Coimbatore and preparations are done from scratch including making the Durga idol.

“Durga Puja celebrations are always done with pomp and style with artisans and musicians specially brought from Calcutta to make the idols and perform for the crowd,” said Ayan Chatterjee, one of the founding members of the Bengali association here in the city.

However, the absence of an authentic Bengali outlet in the city is the one small grievance of the community.

Despite the numerous chat and snack stalls, the city still lacks an outlet that caters to Bengali tastes. However, members are hopeful that this will change very soon.

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> City> Coimbatore / by Binoy Valsan, TNN / April 07th, 2014

Orient Green opts for group captive power in biomass

Chennai : 

Orient Green Power Company is consolidating its biomass power generation business with a sharper focus on group captive power generation.

The wind and biomass-based renewable power company has informed the BSE that it will sell a 10-MW biomass power unit in Pollachi in Tamil Nadu to its subsidiary to enable the unit tap the group captive market to sell power to private sector consumers.

Under the group captive scheme, customers will own at least 26 per cent of the equity stake and consume more than half the power generated.

Company officials said Orient Green has 10 biomass power generation units totalling over 86 MW of power generating capacity. The Pollachi unit is the third power plant to opt for group captive as opposed to selling power to the state utility. One of the expected advantages is timely payment from private sector consumers.

An additional 20 MW is coming up in Kolhapur through a joint venture.

Biomass, or wood-based and agro-waste, fuel costs about ₹1.5-3 a kg and up to 2.5 kg of fuel is needed to generate a unit of electricity. In Tamil Nadu tariff levels range around ₹6.50-7 a unit, according to an investor presentation by the company.

Orient Green has over 500 MW of renewable energy capacity, with more than 420 MW of wind power projects.

source: http://www.thehindubusinessline.com / Business Line / Home> Companies / The Hindu Bureau / Chennai – April 08th, 2014

Pop goes the goli

Today, soft-drinks have replaced the humble goli soda and manufacturers are helplessly watching their customers switch loyalties. / Photo: V. Raju / The Hindu
Today, soft-drinks have replaced the humble goli soda and manufacturers are helplessly watching their customers switch loyalties. / Photo: V. Raju / The Hindu

The only goli soda bottle manufacturing unit in the country has stopped production. Does it mean goodbye to a childhood memory for many in the city?

Paathu, paathu — careful!” says an agitated Balakrishnan. The few minutes I hold the thick, translucent bottle for a photograph are torturous for him and his team at Vasu Soda Company, Mylapore. They watch over the bottle like hawks; my every movement is being scrutinised. I respectfully return it to its dwelling — a wooden crate into which it slips with a clink to rub shoulders with its waiting mates.

This is the treatment a bottle of goli soda elicits today. The shapely bottle is comfortable to hold. Fingers easily grip the curves below the bottle’s neck; it is heavy; you know it has travelled long and far as you take a sip of sweet panner soda from the thick, smooth mouth. The green-coloured goli, the single, most important component of the soda that holds the gas in, talks to you as it tinkles against the bottle every time you bring it to your mouth.

What is it saying? Good-bye perhaps?

The last few goli soda manufacturers in the city feel so. Says D. Balakrishnan: “It has been several months since we got new soda bottle supplies. To make-up for the numbers, we are filling soda in regular cork bottles.” The 75-year-old has been in the business ever since a bottle of soda cost half anna. “We did roaring business then,” he recalls. On festivals such as Deepavali and Pongal when people ate their stomach’s fill, they would amble to the street-corner shop late in the afternoon for a drink of goli soda.

Today, soft-drinks have replaced the humble goli soda and manufacturers are helplessly watching their customers switch loyalties. It has been six months since a consignment of fresh bottles arrived from Sasni, a town in Uttar Pradesh. “I don’t know what I’ll do once I run out of bottles,” says Balakrishnan. “On average, some 12 bottles break in a day,” he adds.

“I have just about 363 goli bottles left,” says V.R. Kanniappan of Scott & Company, Triplicane. “Will I be able to sustain for another five years? If stock doesn’t arrive, I doubt it,” he shakes his head. Goli soda manufacturers in the city who once supplied to hundreds of shops in their locality cater to less than half the number today.

Ask any of them and they would blame the soft-drink giants who ate into their market from the 1990s. “They advertised their products very well, where as we didn’t. They gave away plenty of offers and refrigerators to shopkeepers free of charge,” he adds. The refrigerators were a huge hit. “And our bottles were thick; they took up more space and electricity to be cooled.”

Kanniappan recalls how manufacturers such as him made their own cooler boxes out of thermocol for goli soda. “But shopkeepers had to pay for the ice. This meant extra expenses.” Today, Kanniappan’s company works only on alternate days for lack of work and manual labour.

But he is hopeful. “If the bottle production starts again, our business has a chance of picking up,” he feels. S. Mayilvel of Vela & Company, Royapettah, has branched into apple, masala, ginger, nannari, orange, and lime flavoured sodas to improve its customer base. “Goli soda does have its own fan following. But if we don’t get fresh bottles, the drink could become extinct,” he says.

Mayilvel has some 1,000 goli bottles that he fiercely protects. These bottles are long-lasting investments; the cork in a regular bottle costs anything between 35paise to 75paise each, which has to be replaced every time a bottle is popped open.

P. Saravanan of Swati Agencies, a city-based dealer who supplies goli soda bottles to companies across the city says the current dearth of bottles will soon come to an end. “I visited the unit in Sasni last month. There is a leakage in the furnace which will soon get fixed,” he says. Saravanan assures that production will start in the coming months. But Kanniappan will stop biting his nails only when the supplies actually arrive. With each passing day, he counts down the last few bottles he is left with.

source: http://www.thehindu.com / The Hindu / Home> Features> MetroPlus / by Akila Kannadasan / Chennai – April 11th, 2014

In Tiruvallur, pulse farming takes root

Farmers of five blocks in the district have brought more land under rice fallow-crop cultivation in a bid to increase production./  Photo: B. Jothi Ramalingam / The Hindu
Farmers of five blocks in the district have brought more land under rice fallow-crop cultivation in a bid to increase production./ Photo: B. Jothi Ramalingam / The Hindu

For the past two months, farmers of five blocks in Tiruvallur have been working hard to double the output of pulses in the district.

The farmers of Minjur, Cholavaram, Gummidipoondi, Ellapuram and Tiruvallur blocks have brought more land under rice fallow-crop cultivation. In this method, seeds of pulses, including green gram, are sown a few days before the paddy harvest and the seeds germinate due to the little moisture that is retained in the soil.

A total of 12,303 hectares of land are under pulse cultivation in the district, of which 6,500 are under rice fallow-crop cultivation, an increase of 2,000 hectares from last year. The farmers have set themselves a target of 1.20 lakh tonnes of pulses as against 70,000 tonnes last year.

According to an agricultural officer, rice fallow-crop cultivation would help double production. The farmers take care to leave about three-fourths of a foot of paddy stubble so that the saplings of the pulses are not harmed. This is an 80-day crop; during the period, farmers spray the plants with DAP twice.

According to officials in the agricultural department, these villages, which are known for paddy cultivation, are also taking up pulses due to government intervention. “Pulses do not need much care and there is no need to plough the fields in this method. We provide them five kg of free DAP per acre,” said an agricultural officer.

The department has been encouraging more farmers to take to this intermediate crop as it does not require much water and the spraying of DAP will also help increase the yield, the official explained, adding that the production was expected to go up from the usual 500-600 kilos per hectare to one tonne per hectare.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Chennai / by Deepa H. Ramakrishnan / Chennai – April 01st, 2014

C.R.I Pumps acquires Italy-based Fabbrica Italiana

CRI will be launching complete range of sewage and waste water pump solutions in India

Coimbatore-based C.R.I. Pumps has entered into a Share Purchase Agreement with the shareholders of Fabbrica Italiana Pompe Sommergibili Srl (FIPS), Milan, Italy for acquisition of 100% of the share capital of the company. The company did not disclose the acquisition cost, however said in the next 12 months it would invest around Euro 2 million.

Soundararajan, Vice Chairman, CRI Pumps Pvt Ltd, said that “CRI has been strategically focusing on different applications through organic as well as inorganic path. With the acquisition of FIPS Italy, CRI will be launching the complete range of sewage and waste water pump solutions in India using the technology transfer advantage from FIPS Italy. CRI with its strong manufacturing and R&D capability, will be able to offer World class technology to meet the growing industry demands”.

The company said that this acquisition will enable CRI to scale new heights in embracing innovative technologies in Sewage, Effluent, Drainage and Waste Water handling Solutions for Municipal, Industrial , Residential & Building applications. This is the second acquisition after its recent acquisition of Pumps & Process Systems Ltd – UK for Industrial pump range.

Fabbrica Italiana Pompe Sommergibili Srl,(FIPS) is a Milan, Italy based company founded in 1978 and has an established track record of performance in Waste & Sewage water pumps, across the globe. FIPS products has its presence in Italy, Western Europe, Eastern Europe, Middle East, South Africa, China and several other countries.

FIPS pumps range from 0.5 HP – 250 HP with Vortex, Grinder, Single Channel & Multi Channel impellers and discharge size from DN-50 to DN – 400 mm. These ranges are available from 50hz / 60hz in 2 pole, 4 pole, 6 pole and 8 pole with various material of construction to meet the demand of Municipal, Effluent and Industrial applications and ably supported by its Mixers, Guide Rail system and accessories to offer total solution.

As per Mcilvaine research report the waste water pump market is valued at $ $8 billion (around Rs 48,000 crore) globally and is growing at CAGR 5.7% for the period 2011 -16. Municipal waste water plants are the major user, contributing nearly 23% of the end-user market, followed by chemical, power and refining industries witnessing huge purchase of waste water pumps. Asia-pacific region is the key growth market, China & India being the toppers in the list.

C.R.I. estimates the market size of sewage & waste water pumps in India to be around INR 500 Crore and growing at the rate of 15 to 20 % annually, as waste water treatment sector have huge opportunity.

Orfeo Agostini, Managing Director, Fabbrica Italiana Pompe Sommergibili Srl said that with the takeover of the company by CRI, FIPS can further invest in new product developments to grow the global business while improving the profitability, by reducing costs through integrating the supply chain, making the products cost effective. We are excited by the advantages we will gain by bringing together two teams with shared values and a commitment to quality, performance and customer satisfaction.”

Soundararajan added that CRI would develop FIPS, Italy as a strong global company in waste water and sewage industry. Current management team of FIPS will continue to manage the operations of the company.

FIPS will continue to function as an independent company taking advantage of its brand, technology and its global reputation. CRI is planning to invest in FIPS, Italy to strengthen its manufacturing and research capabilities. Existing customers of FIPS will also be greatly benefited by this new acquisition, as FIPS will be able to offer better services and products to their needs.

source: http://www.business-standard.com / Business Standard / Home> Companies> News / by BS Reporter / Chennai – March 31st, 2014

Mukunda Foods, a startup founded by Eshwar Vikas and Sudeep Sabat, brings to you the automatic dosa maker

Making the perfect dosas is like hitting a 50-ball century in cricket—not everyone can do it. And for many, it is this reliance on individual brilliance that makes Indian cuisine unique. While this is good for cooking at home, it brings in its own set of issues for the restaurant industry: a dosa that costs Rs 30-40 in Bangalore set you back by about Rs 150 in New Delhi due to the lack of standardisation and absence of manpower.

Two foodies, Eshwar Vikas and Sudeep Sabat , felt that it was about time things changed. The duo, while studying in SRM University in Chennai, decided to take this up as a challenge and come up with a machine that could make dosas without human intervention. But the challenges began right from the design stage. They did not have any design experience and had to look for tools such as Google’s open source application Sketchup.

But converting the design into a working prototype was another big challenge. “We realised that in order to make the perfect dosa, we needed a dough dispenser that should rotate at one rotation per minute (RPM). The slowest motor we could find was one that had a 1,400 RPM speed. We went to many professors and experts in the industry but no one could help us reduce the speed. Finally, we met a mechanic in Chennai who never even went to college but could give us all the techniques and formulae to achieve our task,” said Vikas, 23.

The duo solved many similar challenges by picking up ideas from the streets and taking help from locals in Chennai. The founders, who started the venture in 2011 with a personal capital of Rs 6 lakh, made a working machine in a couple of months. However, even after getting the first prototype ready, it took eight months to get the first perfect dosa.

They then participated in a startup contest called  VenturaFest  in Chennai in June 2012 calling themselves Mukunda Foods and won the best business plan award. It was then Indian Angel Networks decided to incubate them. With support from IAN, Mukunda could reduce the weight of the machine to 40 kg from the initial 200 kg prototype and made it much smaller.

Hari Balasubramanian, CEO, Ontrack Systems and member of Indian Angel Network, decided to mentor them and helped them shift base to Bangalore to take advantage of outsourced manufacturing facilities here. “I saw a huge market for Mukunda Foods in north India and overseas. I believe they can easily sell 10 million units in next seven-10 years,” Balasubramanian said.

In October 2013 Mukunda Foods received a funding of about Rs 1 crore from Indian Angel Networks that helped them come out with the final prototype in January this year. Vikas has given the final prototype of the dosa maker to many restaurants for testing. K Ramamurthy, owner of Konark hotels in Bangalore, is among the first few customers testing it. “The machine does a great job in a very less time. We will be using this for catering services so that we don’t need a dedicated cook to make dosas,” he said.

Dosamatic, as the machine is called, is priced at Rs 1 lakh but Vikas is working on a smaller home version that he says will cost as low as Rs 5,000 and will be launched by next year. The company has already earned revenue of Rs 30 lakh in just three months, with an order pipeline of close to Rs 5 crore for the next one year.

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> Business> India Business / Varun Aggarwal, ET Bureau / April 05th, 2014

DOWNTOWN CARES : Turnaround of Velachery

Yes, we care: One of the oldest colonies in Velachery, Dhandeeswarar Nagar Welfare Association organises various camps to help residents bond. / Photo: G. Krishnaswamy / The Hindu
Yes, we care: One of the oldest colonies in Velachery, Dhandeeswarar Nagar Welfare Association organises various camps to help residents bond. / Photo: G. Krishnaswamy / The Hindu

The locality was hardly attractive to new residents, with many regretting having moved in there. Some decided to move from regret to positive action, says Liffy Thomas

Velachery, once a quiet locality with swatches of farm land, owes much of its development to a few neighbourhood groups. One such is the Dhandeeswarar Nagar Welfare Association, registered in 1976.

In its early days, the Association had 200 members and nearly 60 of them would attend its meetings regularly. These meetings were aimed at getting basic amenities for the area. “We never had to compel people to come, as there were many issues,” says C. Govindaraju, secretary of the Association.

The development of the locality, first from a village panchayat into a town panchayat and now into a corporation zone was however not easy.

On weekends, members in groups of three or four would knock at government agencies entrusted with provision of amenities like street lights, sewerage, water supply and roads.

A.S. Jagadeeshan, who moved to the locality in 1979 from Sowcarpet, says for almost 10 years he repented having moved to Velachery.

“There were only two bus routes 51E and 45A that came to this part of the city. We had to go to Saidapet to get more buses, a journey that would drain you by the end of the day,” he says.

For long, most of the 11 main roads, 12 cross streets and 13 avenues in the colony did not have street lights.

“The streets would become eerily empty and dark after 7 p.m. and the Association requested members to keep the outdoor lights switched on to help those getting home late in the night. For those who could not pay the extra electricity bill, we even offered to reimburse that small portion,” says K. Dorai Raj, president of the Association.

Monsoon was the bane of Velachery until five years ago. Not any more with storm water drain network laid in most areas. One of the major victories was getting a public library for the neighbourhood. The space around the library is still a bone of contention with residents waiting to see it converted into a park.

For many years, the Association took the lead in organising an interaction with newly-elected leaders where residents’ grievances were heard. “I would shoot off letters to various departments to tell the plight,” says Dorai Raj, who retired from the Department of Technical Education. And all these efforts have helped. Today, Dhandeeswarar Nagar is an upscale locality with many amenities matching up to those in areas such as Anna Nagar and Besant Nagar.

The Association has its own building at Third Main Road where members meet regularly. Its challenge now is getting people to participate in new initiatives such as keeping streets clean, taking measures to see four-wheelers are not parked on pavements and helping prevent thefts such as chain snatching.

The Aadhar camp held at the Association premises was one such attempt to show that the Association cares for them.

An open house on Sundays is next on the cards, where residents can discuss various issues. The Association has also made appeals to apartment complexes to affiliate with the Association.

(At Downtown Cares, resident welfare associations can discuss their neighbourhoods. These associations may write to us at downtownfeedback@thehindu.co.in or call us at 28576631, seeking a meeting)

source: http://www.thehindu.com / The Hindu / Home> Features> Down Town / by Liffy Thomas / Chennai – March 29th, 2014

Brand Coimbatore Ambassador awards presented

Brand Coimbatore Ambassador awardees (from left) Ramesh Kumar Tibrewal, Managing Director, Jagannath Textile Company Ltd., G. Soundararajan, Vice-chairman, CRI Pumps, P.R. Krishnakumar, Managing Director, Arya Vaidya Pharmacy, at a function organised by the Indian Chamber of Commerce and Industry and The Advertising Club jointly with PSG Institutions in Coimbatore on Saturday./ Photo: M. Periasamy / The Hindu
Brand Coimbatore Ambassador awardees (from left) Ramesh Kumar Tibrewal, Managing Director, Jagannath Textile Company Ltd., G. Soundararajan, Vice-chairman, CRI Pumps, P.R. Krishnakumar, Managing Director, Arya Vaidya Pharmacy, at a function organised by the Indian Chamber of Commerce and Industry and The Advertising Club jointly with PSG Institutions in Coimbatore on Saturday./ Photo: M. Periasamy / The Hindu

“The awards recognised the brands that were successful at national and international markets and have also branded Coimbatore”

These brands have a presence in the national and international markets; they have brought laurels to Coimbatore; and, motivate other companies in the city to focus on branding.

The Arya Vaidya Pharmacy (Coimbatore), Crusoe, and CRI Pumps received the Iconic Brand of Coimbatore, Emerging Brand, and Brand Coimbatore Ambassador Award 2014 respectively here on Saturday, presented by the Indian Chamber of Commerce and Industry, Coimbatore and the Advertising Club, Coimbatore, jointly with PSG Institutions.

R.R. Balasundharam, president of the chamber, said that the awards recognised the brands that were successful at national and international markets and have also branded Coimbatore.

“Efforts are on to promote Coimbatore brands at national and international levels,” he said.

According to N. Krishnakumar, president of the Advertising Club, over the years the city has excelled in the areas it has focused on.

“We need to tell the story of our brands.” The purpose of the awards is to give greater focus to branding. The Emerging Brand award was introduced this year.

Jagannath Ramaswamy, the lead jury member, said some of the criteria for selecting the winners were the brand’s performance as it developed from a commodity to a brand, its familiarity in the market, performance against competition, and uniqueness.

Centre of excellence

L. Gopalakrishnan, Managing Trustee of PSG Institutions, said that Coimbatore is a centre of excellence in sectors such as healthcare, education, small and medium-scale enterprises. The winners of the award have made the city and the country proud.

Idhayam V.R. Muthu, chairman of Idhayam Group and chief guest for the event, said that two elements essential for the success of a business are marketing and innovation. With opportunity and preparation, business can be successful.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Coimbatore / by Special Correspondent / Coimbatore – March 23rd, 2014