Category Archives: Business & Economy

Poompuhar to get fishing harbour

In an attempt to promote deep-sea fishing in the State, Chief Minister J Jayalalithaa on Wednesday granted administrative sanction for setting up a fishing harbour at Poompuhar in Nagapattinam district at a cost of `78.50 crore.

An official release said that the government under Jayalalithaa had been initiating a number of measures to improve fisheries in the State. This included orders for instituting a fisheries university near Nagapattinam. The CM had already ordered the setting up of 11 fish breeding farms with modern facilities across the State at a total cost of `37 crore. Orders have also been given to create fish landing facilities at a cost of `63 crore.

Further, the CM had also ordered creation of fish processing parks in 13 fishing towns in the State. In this regard, a model, processing parks in Cuddalore and Nagapattinam would be established at a cost of `14 crore and `23 crore respectively. In accordance with these measures, the Chief Minister has now accorded administrative sanction to construct a fishing harbour in Poompuhar at `78.50 crore. As an initial sum `6.67 crore has been released.

source: http://www.newindianexpress.com / Home> States> Tamil Nadu / by Express News Service – Chennai / March 14th, 2013

‘Be not job seekers, but job creators’

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Rajakumari Jeevagan, Founder and Managing Partner, Wings and Waalai Group of Hotels, Madurai, addressing students as part of Business Line Club lecture at St Mary’s College, Tuticorin. / The Hindu Business Line

Madurai , MARCH 8:

“Be not job seekers, become job creators’’ said Rajakumari Jeevagan, Founder and Managing Partner, Wings and Waalai Group of Hotels and Chairperson of “WE (Women Entrepreneurs)’’ forum of Tamil Nadu Chamber of Commerce and Industries, Madurai.

She was delivering a lecture on ‘Women Empowerment and Entrepreneurship’ under the Business Line Club of the Department of Commerce, St. Mary’s College, Tuticorin, recently.

The event was sponsored by Tamilnad Mercantile Bank, Tuticorin.

She said India is changing from a traditional society where the duties of women, especially at home as dependents, were stressed more. Today, women are equal partners in the process of growth and development and a significant productive force in the economy. A good number of them have risen to occupy high and commanding posts in public life. But this is not enough. The contribution will become more fulfilling only when they emerge as job creators, and not remain mere job seekers.

Opportunities abound around in their immediate environment. Only they need to be identified and grabbed. The Government aims to empower women and help develop their skill-levels. There are various programmes under implementation and institutions support such programmes, she said.

Citing her own experience, she spoke of the transformation from a humble housewife to an entrepreneur. She observed that one can become an entrepreneur either independently or as a team. Hard work and self-belief, coupled with uninterrupted focus are vital. A larger perspective and a sense of business climate are also necessary. Constant up-gradation of knowledge and a flair for technology adoption will also help women entrepreneurs. Under Indian conditions, circumstances such as family support and background do matter, but not for those who are determined, she said.

The capability for multi-tasking and a search for new things and value addition should be a constant endeavour. She urged the students to penetrate themarket, discover something new and start a business, a product through brand-building.

Earlier, R.Thangapandian, Regional Manager, TMB, explained the schemes of the bank, especially for promotion of education and entrepreneurship. Dr J. Ellora, Head of the Department, was present.

(With inputs from Paul Joseph)

source: http://www.TheHinduBusinessLine.com / Home> News> Education / by The Hindu Correspondent / Maduran, March 08th, 2013

Inauguration of STC at Velachery

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Union Minister of State for Commerce & Industry, S. Jagathrakshakan inaugurating the  STC Velachery Branch. /by Special Arrangement / The Hindu

STC, software-testing, training and placement company, opens up a branch in Velachery and it was inaugurated last week by Union Minister of State for Commerce & Industry, S. Jagathrakshakan.

EMPLOYABILITY SKILS

Businessman and Founder of Vasanth & Co and Vasanth TV, H. Vasanth Kumar lighted the kuthuvilakku. Murugakumar gave the welcome speech. L. Vijaykumar, Regional Manager of STC Technologies elaborated the employability skills trained in software testing across their branches.

Other senior officials from various departments, industrialists and professors participated. Jegathambiga Murugakumar, Director of Velachery branch, spoke.

For details, contact STC Technologies, (18)28, 1st floor, Nagendra Nagar, Velachery Main Road, Velachery. Phone numbers: 9791119686/22440812-13.

source: http://www.TheHindu.com / Home> News> Cities> Chennai / March 02nd, 2013

Tamil Nadu gets 14 new trains

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         Pawan Kumar Bansal.

Chennai:

 For Tamil Nadu, Union rai­lway minister Pawan Kumar Bansal’s maiden bu­dget was just old wine in new bottle. But for the 14 new trains announced in the budget, from new tra­ins to new rail routes, the state stands to lose on many fronts.

For instance, the two-decade old Avadi- Gu­du­va­nchery rail route via Sr­iperumbudur and Or­gadam has reappeared as a “new project” proposed to be taken up in this fiscal. Also, the revival of old Sathy-Beng­aluru rail route leaves little to che­er about, for the controversial projects inters­e­c­ting the elephant corridor in the western ghats, faces stiff resistance from environmentalists.

Long-pending demands like new rail routes on Chennai-Sriperumbudur stretch via Guindy and Poona­mallee, Kach­eep­u­r­am-Katpadi stretch via Tiruvannamalai, Ku­mba­k­o­nam-Vridachalam str­e­­tch via Andimadam and Athipattu-Ennore seapo­rt stretch have not been mentioned even. Elect­rifi­cation on Erode-Tir­uchy via Karur, Karur-Din­dugul has also been ign­ored. Bansal has also not obliged the public de­mand for launc­hing ov­ernight Coimb­atore-Ba­ngalore train and inc­re­asing Chennai-Tirune­lv­eli connectivity.

Even SRMU general secretary N. Kanniah did not mind describing as ‘questionable’ the launch of the 14 new tra­ins, as at le­ast four of the 11 trains announced in the earlier budget, ex­cluding the Che­­n­nai-Ba­ng­alore double-decker put on trial last week, ha­ve not been laun­c­hed yet. The minister’s pr­­omises on the safety fr­ont sounded em­pty, sa­ys S. Moha­nram, me­mber of zonal rail us­ers consultative panel.

source: http://www.DeccanChronicle.com / Home> News> Current Affairs / DC, K. Karthikeyan / February 27th, 2013

Biggest water expo from February 28

EA Water, India’s leading knowledge solutions provider in the field of water and wastewater management, has organised a trade show — ‘10th EverythingAboutWater Expo 2013’ — at Chennai Trade Centre, Nandambakkam, from February 28 to March 2.

H Subramaniam, chief operating officer, EverythingAboutWaster Expo, said that 300 exhibitors will exhibit latest technologies and emerging practices of Indian water sector and waste management industry.

The three-day expo is considered as South Asia’s largest exhibition and conference covering the water and waste water industry, allowing water professionals to penetrate the dynamic water markets of India and international regions.

Subramaniam said Chennai is a major hub for the Indian water market standing at an estimated value of `60,000 crore and the expo would create awareness, educate and debate to find answers to the rising water issues.

He said the expo aims to project Chennai as a model city, promoting significant water saving solutions like desalination and water recycling. IDE Technologies, which developed the Nemelli desalination plant in Chennai, would also present papers during the expo.

Papers will be presented onthe following topics: ‘Comparison of critical success factors in mega seawater reverse osmosis build, operate and transfer projects’ by Karen Adler Katzen, special projects desk manager, IDE Technologies Ltd, Israel, and ‘Technological advancements in thermal desalination plants’ by Sanjeev Sharma, head of marketing and sales, IDE Technologies, India.

Both the papers will highlight the important technological advancements introduced by IDE Technologies over a period of time to make desalination a cost-effective and reliable solution for today’s water needs.

Apart from the 300 exhibitors, Subramaniam is expecting 19,000 trade visitors and 900 conference delegates from over 25 countries.

These include officials from Ministry of Water Resource and Ministry of Urban Development, irrigation authorities, municipal water authorities, jal boards, advisors and policy makers, distributors, dealers, contractors, consultants, utility heads and engineers from various end-user industries like hospitals, hotels, power plants and agriculture.

source: http://www.newindianexpress.com / Home> Cities> Chennai / Express News Service – Chennai / February 28th, 2013

India’s coconut men find money grows on trees

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An Indian man cuts coconuts from a palm tree in Varkala, Kerala. EyesWideOpen / Getty Images

New Delhi :

Not very long ago B Raja could find only sporadic employment in his village in the Theni district in the southern state of Tamil Nadu.

He worked odd jobs, usually herding livestock for farmers. Life was hard, especially for a family of four. Then, a month ago, his fortunes changed. He learnt to climb coconut trees and harvest their crop.

“Now I climb 40 trees a day, and there’s so much work to be had,” he says. “For the first time in my life, I have a steady stream of cash. It’s a blessing.”

The initiative that changed B Raja’s life began 18 months ago with a coconut crisis in Kerala. Only 10,000 tree-climbers practised the traditional craft, and at least another 40,000 were needed to harvest all the state’s coconuts.

Production had dipped, and farmers were harvesting crops only once every three months, instead of the usual 45 to 60 days.

“Climbers used to be of a particular caste, and their children were not willing to take up their father’s profession, because it wasn’t very remunerative,” says Sugata Ghose of the Coconut Development Board in Kochi, which works under the Indian government’s agriculture ministry. “And people from other castes were unwilling to take up these jobs.”

The solution was a government-funded training scheme called Friends of Coconut Tree, which has grown from its Kerala roots and has been operating since late last year in Tamil Nadu, Karnataka, Maharashtra and Andhra Pradesh.

The board was careful to avoid the word “climbers” in its promotion of its training programme, thus steering clear of caste connotations.

“This is why we called it ‘Friends of Coconut Tree’,” Mr Ghose said. “Now even higher-caste and educated people are coming into the programme, because there is the promise of a good income, and because they are getting trained by a government organisation.”

The training was initially slow to take off but between August 2011 and March 2012 more than 5,600 people completed the six-day course across every district in Kerala. Since then about another 4,400 trainees in the five states have been certified.

The Coconut Development Board ties up with NGOs and district-level agricultural research centres to hold the training programmes. Each group of about 20 trainees cost the government 68,500 rupees (Dh4,600).

Each student is paid 150 rupees a day and receives a coconut-harvesting kit worth 2,500 rupees after completing the programme.

Trainees are taught to work with automated tree-climbing devices, which are now becoming popular throughout south India. They are also instructed in methods of pest control and tree maintenance.

The course includes other general but valuable lessons: first aid, the rudiments of managing savings and social security funds, and communication skills.

The board now prescribes a minimum wage for tree climbers, said Mini Mathew, the programme’s publicity officer. “Earlier, if he was lucky, a coconut-tree climber might have been paid 10 rupees to scale a tree,” she said. “More probably, he would have been paid in coconuts.”

India is the third-largest coconut growing country in the world, producing 15 billion nuts annually. Tamil Nadu and Kerala are India’s most productive coconut producing states.

Today, Ms Mathew said, a climber might get up to 25 rupees a tree in rural areas, and even 50 rupees a tree in towns and cities. An experienced climber can tackle up to 40 trees a day. Monthly incomes now range from 15,000 to 30,000 rupees a month.

The board connect climbers with tree owners, via an extensive directory on its website. “We also help them get bank loans to buy two-wheelers, so that they are more mobile,” Mr Ghose said.

Even with all these benefits, though, it is a struggle to retain the new recruits.

R Mathavan, a 23-year-old graduate in computer science, went through the programme in the district of Thanjavur, in Tamil Nadu, last October. He had gone, he said, “primarily because my father was in this line of work, and because a few of the other boys in my village wanted to go”.

After Mr Mathavan completed the course, he and nine other trainees had planned to take out a bank loan and set up a coconut harvesting business, leasing their services to tree owners across the district. They had even planned a side venture in selling coconut water.

But the coconut harvests were too sporadic for Mr Mathavan.

“We all went back to our respective lines of work,” he said. He moved to Chennai and worked in a photographic studio for a few months before returning home.

But Mr Mathavan insists that he found the course useful. “It’s always a worthwhile skill to have,” he said. “And if five or six of us can get together and revive our plans, I think we can still set up a good business out of it.”

ssubramanian@thenational.ae

source: http://www.thenational.ae / The National / Home> World> South Asia / by Samanth Subramanian / February 28th, 2013

First Westin in Chennai, India, opens

Chennai, India’s first hotel under Starwood Hotels’ upper-upscale Westin brand has opened.

The 215-room Westin Channai Velachery has three restaurants and a pool as well as almost 13,000 square feet of meetings space.

The hotel is the sixth Westin-branded hotel in India.

Starwood now has five hotels in Chennai, which is located on the southeastern coast of India, about 225 miles east of Bangalore.

Follow Danny King on Twitter @dktravelweekly

source: http://www.TravelWeekly.com / Home> Topics> Hotels & Resorts / by Danny King / February 26th, 2013 

Highfield tea fetches record price at Coonoor auction

Coonoor , FEB. 25:

New price records were created at Sale No: 8 of Coonoor Tea Trade Association (CTTA) auctions when about 90 per cent of the year’s lowest offer of 12.51 lakh kg was sold.

The Broken Orange Pekoe Dust special grade of orthodox category of Highfield Estate, auctioned by Contemporary Tea Auctioneers, created a new price record when Kushal Tea Company bought it for Rs 291 a kg. This was the highest price fetched by any orthodox dust grade of any factory ever since CTTA auctions started 50 years ago.

The oldest bought-leaf tea factory in Kotagiri region, Cross Hill Tea Factory, created a hat-trick by topping the CTC market for the third consecutive week. Homedale Tea Factory tea, auctioned by Global Tea Brokers, fetched the highest price of Rs 168 a kg in CTC dust auction. Vigneshwar Estate got Rs 161. In all, 79 marks got Rs 125 and more a kg.

Among orthodox teas, Chamraj got Rs 260 a kg, Kodanad Rs 201, Kairbetta Rs 179, Havukal Rs 170, Glendale Rs 167 and Prammas Rs 165. In all, 79 marks got Rs 100 and more.

source: http://www.TheHinduBusinessLine.com / Home> Industry> Agri-Biz / by P. S. Sundar / Coonoor, February 25th, 2013

State-grown melons flood Vellore

SWEET FRUIT:  The watermelons that have arrived at the Vellore market, ahead of the season | Express

Markets in Vellore are flooded with mouth-watering watermelons that have arrived early this year. And, for a change, it is melons grown in the State that are widely available. In the past, these markets used to be monopolised by fruits transported from neighbouring Andhra Pradesh. However, the increase in transport costs due to hike in the diesel price has been credited for this unusual development.

“State-grown melons are in demand because of the increase in transport cost that has gone up by about 20 per cent this year,” noted T Basheer Ahmed, a wholesale merchant at the fruit market in Mullipalayam here. The Fort city used to receive melons from the Kadappa belt in Andhra Pradesh, known for its widespread cultivation. This year, the farmers of neighbouring districts of Kancheepuram, Villupuram and Tiruvannamalai have taken the lead to exploit a favourable market climate.

Melons which used to hit the market in the second week of March have arrived a month early, even as Vellore gets ready to face another scorching season. “The farmers of northern districts have timed the cultivation and harvest well so that they could take advantage of the summer months ahead,” Basheer added. The price of the fruit purchased by the wholesale merchants is also very competitive this year, ranging between `7 to `9 per kg. Retail vendors on the pavement sell the fruit in the range of `12 and `15 per kg.

Basheer said Vellore receives around 100 to 150 tonnes of the fruit every day and fruit merchants are able to sell them almost immediately. The ‘namdhari’ variety is selling like hot cakes, Basheer said. He expects the watermelon season to last up to April, after which mangoes would take over.

Rahmathullah, a pavement vendor said the shelf life of the fruits grown by TN farmers was good as compared those transported from AP. While he procures the fruits mainly from the wholesale market here, sometimes he purchases them directly from the farmers at a lesser price. He, however, makes maximum profit by selling watermelons after they have been cut, as compared to the whole fruit that fetches him a smaller profit margin.While people enjoy the fruit in its raw form, some say they earn profits by selling novel items like watermelon payasam, soup, fruit salad, and melon juice. The fruit not only quenches thirst, it has vitamins, and minerals like potassium and magnesium. It helps cure irritability, sleep disorders, and muscular cramping, they added.

source: http://www.newindianexpress.com / Home> States> Tamil Nadu / by V. NarayanaMurthi – Vellore / February 26th, 2013

Nemmeli desalinated water in 15 days

Chennai:

 In a little over a fortnight, Chennaiites will get desalinated water from the city’s second desalination plant dedicated to public use by chief minister J Jayalaithaa on Friday.

Senior government sources told Deccan Chronicle that water from the 100mld desalination plant constructed at a cost of Rs 821.14 crore would reach residents of Tiruvanmiyur, Velachery and Pallipattu besides IT companies in another three weeks.

By then, the pipe laid for over 60km will be flushed and kept ready for conveying water to the city from Nemmeli, sources added.

Unlike the 100mld Minjur desalination plant constructed on DBOOT (design, build, operate and transfer) basis with private partnership, Chennai metro water has built the Nemmeli plant indigenously. The Nemmeli plant has also proved to be relatively cost effective, as it requires only Rs  21 to treat one kiloliter of seawater, while the same costs `48.66 per kiloliter in Minjur.

The Nemmeli plant also will also have an edge over the Minjur plant in terms of technology, particularly in respect of filtering and treatment. The plant is  equipped with pressure filters comprising disc and ultra filters that will filter particles as tiny as 0.01micron ahead of the reverse osmosis system that filters chemicals, salts and particles 1/100th of the size smaller than the particles that escape the pressure filters. Breaking silence on the inadvertent delay in the project completion, government sources attributed the delay to a turbulent sea and said they only had a four-month window period from January to April and they had to bury the inlet and outlet pipes in the seabed to a length of one km and 650 meters. The designers initially considered partial burying and later settled to complete burial of the inlet and outlet pipes. The plant takes in 265mld from the sea and send 100mld of desalinated water to the city.

source:  http://www.DeccanChronicle.com / Home> News> Current Affairs / DC / February 23rd, 2013