Category Archives: Business & Economy

Japan eyes city suburbs for investment

Three areas in the city’s suburbs may soon have a Japanese connection.

A team of officials from the Japan International Cooperation Agency (JICA), met with officials of the Chennai Metropolitan Development Authority on Thursday, and reviewed three infrastructure development projects in Madhavaram, Karunakaracheri and Manjambakkam.

The possibility of these projects, as well the localities they are in, attracting Japanese investment figured in the discussion.

The projects, including a truck terminal and a logistics park, have already been listed in the State’s investment promotion programme for the Chennai metropolitan area.

The logistics park is to be set up in 117.25 acres of land in Karunakaracheri and Annambedu. Land acquisition is expected to begin once State government sanction has been received.

A detailed project report will be finalised in June 2014. The project, which includes the setting up of a truck and bus terminus, will take at least two years after the project report is completed.

In Manjambakkam, a truck parking yard is to come up. Administrative sanction for this project was granted in 2011. Work is expected to be completed by 2014.

At present, trucks park haphazardly on the roadside, leading to several accidents. The yard is expected to reduce the number of such accidents. It will have an idle parking area, a weighbridge, service station, spare parts shops and restaurants.

In Madhavaram, where a truck terminal has been proposed, work is expected to begin in September. The preparation of a design and a detailed estimate is underway. The terminal is likely to become operational by October 2014.

JICA, which supports socioeconomic development in developing regions, provides bilateral aid through technical cooperation and loans.

source: http://www.TheHindu.com / Home> News> Cities> Chennai / by Staff Reporter / Chennai, February 08th, 2013

Scope of mushroom production yet to be mushroomed fully

                                                                      S.S.T.Rajenthran with milk mushroom. Photo: R. M. Rajarathinam / The Hindu

Tamil Nadu lagging behind Himachal Pradesh, Delhi, Punjab and Haryana

Mushroom production has tremendous scope in Tamil Nadu.

However, the State does not have the number of entrepreneurs to meet its requirements, laments S.S.T.Rajenthran, who won the “progressive mushroom grower” award in 2011 from the Director of Mushroom Research, Indian Council of Agricultural Research, “for his outstanding contribution to the mushroom industry.”

Mr.Rajenthran, 46, is an ITI-educated entrepreneur who is into mushroom production for the past over 25 years. He has a unit near Thuraiyur, about 25km from here.

The ICAR has recognised his expertise in milky and oyster mushroom cultivation. He also supplies high quality spawn to mushroom growers.

It has commended his “keen interest in providing support to small and marginal mushroom growers and his efforts in popularising mushroom consumption among common public.”

Mushroom has excellent medicinal properties. It is rich in protein, fibre, and amino acids. Mushroom is a 100 per cent vegetarian food and is good for diabetes and joint pains. Pickles, pappad, soup powder, health powder, capsule, health drinks and pakodas can be made using mushroom. It has no cholesterol and helps in purifying blood. It has low sodium and substantial vitamin and minerals.

Mr.Rajenthran calls it an “agri-based industry.” But officially it has been classified as horticulture. India is so gifted that it could grow temperate, sub-tropical, and tropical mushrooms.

During 1989-92, marketing of mushroom was a problem in Tamil Nadu. “It is no more so. Chennai alone gets five tonnes of mushroom a day at present from various parts of the country.”

“However, Tamil Nadu is now nowhere in the national map and it is Himachal Pradesh, Delhi, Punjab, and Haryana which are doing well in this sector.” It has good export potential for countries such as China, Singapore, Dubai, and Europe.”

“It is quite remunerative and fetches at least Rs.200 a kg at present. The profit margin is 30 to 40 per cent.”

Mr.Rajenthran, who is now concentrating on milky mushroom cultivation, says that its shelf life could be five days as against one day of button mushroom. If kept refrigerated, milky mushroom could be kept for 10-15 days.

With respect to reports that mushroom could be cultivated at low cost – even as low as Rs.50, 000 to Rs.1lakh, he says, “Whenever you use timber for the production chamber, there is every possibility fungus might affect the timber which in turn would hurt the mushroom in due course,” he contends. Hence, investment is a major problem for the entrepreneurs, he adds.

According to him, mushroom production requires a temperature of 28 deg C to 35 deg C and a humidity of 75-80 per cent. Hence a humidifier is a must. Besides CO2 should be totally removed from the chamber and there should be fresh air.

For a production unit of 30 X 15 ft, a minimum of Rs.9 lakh would be required. A crop requires 45 days and at least 1.5 tonnes could be harvested per crop. “On an average, 10 tonnes per unit is possible per annum.”

Besides, he suggests that one set up a spawn and compost unit at Rs.25 lakh so that he could supply spawn and compost ready to produce mushroom within a radius of 50 to 100 km.

Mr.Rajenthran, who advocates organic farming of mushroom, suggests that the State government introduce mushroom in the noon meal scheme to serve nutritional food to children and promote mushroom industry. Self-help groups could produce the same and supply, he adds.

Mushroom production requires very little land and can be a good source of employment for educated youth. The two primary inputs for mushroom production – agro-waste and labour are easily available. Integrated mushroom production in existing farming system will supplement the income of rural masses and will lead to inclusive growth, he adds.

source: http://www.TheHindu.com / Home> News> Cities> Tiruchirapalli / by G. Sathyamurthi / Tiruchi, February  03rd,2013

GI tag sought for Dindigul locks

Geographical Indication tag has been sought for Dindigul locks, which are unique to the areas around Dindigul.

P.Sanjai Gandhi, geographical indication attorney and additional government pleader, told presspersons here on Sunday that an application has been filed on behalf of Dindigul Lock Workers Industrial Co-operative Society under the Geographical Indications of Goods (Registration and Protection) Act 1999.

The application has been filed with the Geographical Indication Registry in Chennai.

In his application, Mr.Gandhi has said that Dindigul lock manufacturing industry has a high brand image and the locks are known for their traditional design, safety, and quality. Padlocks, drawer locks, almirah locks, door locks, mango locks, trick locks, and excise locks are some of the locks manufactured in the area. The art of lock making is practised within around five km radius of the town . Dindigul locks are mango shaped iron and brass locks. They are handmade and each one is unique in design and system. The lock units are concentrated in Nagalnagar, Nallampatti, Kodaiparaipatti, Yagappanpatti, and Kamalapatti and are more than 100 years old. These units provide jobs to over 3,000 families. The entire process of lock making is based on craftsmen’s memory, who have been engaged in the business for generations .

The uniqueness of Dindigul locks are twin keys or three keys for a single lock and locks with multi-locking system. The precision lever mechanism of Dindigul lock is unique. The shackles are meticulously designed and are hard to break. . Sanjai Gandhi, who is also the president of Intellectual Property Attorney Association, said that the following societies have been declared as authorised users for Salem white dhotis under the Geographical Indication of Goods (Registration and Protection) Act 1999: Ammapettai Silk Handloom Weavers Society, Salem Silk Handloom Weavers Society, Salem Sourashtra Silk Handloom Weavers Society, Supersilk Handloom Weavers Society, Soudeswari Silk Handloom Weavers Society, Salem Rajaganapathi Nagar Silk Weavers Co-operative Society and Puratchi Thalaivi Dr.J.Jayalalithaa Silk Handloom Women Co-operative Society.

source: http://www.TheHindu.com / Home> National> Tamil Nadu / by Special Correspondent / Thanjavur, February 04th, 2013

Coimbatore to get 12 specially-fabricated ambulances

  The newly-redesigned ambulance of the Department of Public Health./  Photo: S. Siva Saravanan / The Hindu /

The vans will be equipped with ECG equipment, AC and blood testing machines

Healthcare and access to medical facilities for residents of rural and remote areas in the district is all set to take a quantum leap forward as Coimbatore is getting ambulances specially fabricated in Rajasthan for providing treatment and safely transport patients.

Under ‘Hospital-On-Wheels’ (HoW) project launched across the State last year, vehicles of the Department of Public Health were being sent to a factory in Jaipur for re-configuring it to the specific requirements of operating in rural areas, Deputy Director of Health Services R. Damodharan told The Hindu in Coimbatore on Saturday.

Besides ECG equipment, the vehicles have been fitted with, among other things, an auto-analyser for blood investigation, air-conditioner, laboratory equipment, television for awareness programmes, a laptop and battery back-up.

While the fabrication cost per vehicle was Rs. 4 lakh, each van has been sanctioned another Rs. 1 lakh for purchasing equipment. The suspensions have been also modified to ensure the vehicles travel smoothly in hill terrain.

First phase

In the initial phase, he said that six vans from Coimbatore were sent to a coach factory in Jaipur and the first of such re-configured ambulances landed in the city on Wednesday and had been deployed at Sarkar Samakulam Panchayat Union.

While the remaining five were expected to arrive in a month’s time, the second batch of six vehicles would be reconfigured by December this year.

They would be stationed in the block primary health centres.

The mobile medical units, which will be staffed with a medical officer, laboratory technician, staff nurse and an attendant-cum-hospital worker besides the driver, would hold camps at remote and inaccessible/ difficult-to-access villages on a fixed day every month.

Each vehicle would cover two villages a day with the monthly target being 40 villages.

Software

Dr. Damodharan informed that all the units would have to submit reports on a daily basis through a web-based software developed for this purpose.

Further, plans were afoot to install global positioning systems (GPS) in the vehicles to help drivers find their way in remote areas and also to monitor their movement.

These ‘HoW’ vehicles, doctors and staff should not be utilised for other activities and vacancies should be immediately tackled through deputation of personnel from the PHC.

source: http://www.TheHindu.com / Home> News> Cities> Coimbatore / by R. Sairam / February 03rd, 2013

Aero show attracts thousands

  Students looking at the exhibits at Aeroplus 2013 that began in the city on Thursday. / Photo: S. Siva Saravanan / The Hindu

For the thousands of children in the city who would have wished to touch aeroplanes that soar over the skies, it is a dream come true as Aero Plus 2013 was inaugurated at Nehru College of Aeronautics and Applied Sciences at Kuniamuthur on Thursday.

Being held from Thursday to Sunday, the seventh edition of this exhibition features Bell 47 GF helicopters and other single propeller aircraft such as Cessna.

A new addition is the Hawker Siddeley HS.125 1A, a twin-engine mid-size corporate jet. Going beyond just getting to see them, the children could also get to know about the thousands of components in an aircraft as the students of the college explained in detail the intricacies and engineering behind these machines.

The college has a Cessa 150 D, Lear Jet 25B, King Air C90 Beechcraft, and Bell and Enstrom f28 helicopters to provide training to its students

According to P. Krishna Kumar, chief executive officer and secretary of Nehru Group of Institutions, the objective behind the exhibition was to motivate students to take up aeronautic science and create awareness among the general public.

The institutions’ students benefit from the opportunity it provides to explain what they have learnt in the course regarding the functionality of each parts and its configuration.

Earlier, addressing the inaugural function, chief guest P. Vinodh Kumar, Regional Head (General Aviation), Air Works India Engineering, Pune, said that the aviation sector was highly interesting as it was demanding and challenging.

The company provided maintenance, repair and overhaul (MRO) services in 12 airports in the country for business and general aviation customers.

Mr. Vinodh Kumar, himself an alumnus of the Nehru institution, said that those entering the field must be prepared to put in a lot of hard work.

R. Krishna Moorhty, Executive Director of KTVR Knowledge Park for Engineering and Technology, said that air travel was set to increase exponentially in the country.

The exhibition is open from 9 a.m. to 5 p.m. on January 31 and February 1 and between 9 a.m. and 9 p.m. on February 2 and 3. There is no entry fee.

source: http://www.TheHindu.com /Home> News> Cities> Coimbatore / by Staff Reporter / February 01st, 2013

Circor opens facility in Coimbatore

        Wayne Robbins

Circor Flow Technologies India Private Limited, a wholly-owned subsidiary of Circor International, has opened a manufacturing facility in Coimbatore with an investment of Rs.23 crore.

Wayne Robbins, Chief Executive Officer of Circor International, and Sriram Natarajan, Country Manager of Circor India, told presspersons here on Wednesday that the company started operations in India in 2009. In June 2010, it acquired the valve business of Mazda in Ahmedabad. The facility was closed in December last year.

In Coimbatore, the company had set up a 60,000 sq. ft. facility, and had space for expansion. It would produce valves mainly for the power and oil and gas sectors. About 40 per cent of the company’s production in India in 2012 was exported, and this year it was expected to be 60 per cent.

To expand the portfolio of products

The company proposed to expand the portfolio of products made in Coimbatore by including more varieties of valves. “We see growth in India in manufacturing, the market, and exports and also the services we provide,” Mr. Natarajan added. The company provided employment to nearly 150 engineers here and had fabrication, machining, assembly and testing facilities here.

Circor had manufacturing facilities in North America, Europe, Brazil and China and now in India.

source: http://www.TheHindu.com / Home> Business> Companies / by Special Correspondent / Coimbatore, January 31st, 2013

Rs 100 crore TNPL manufacturing unit inaugurated

Chennai :

The Rs 100 crore cement manufacturing facility of Tamil Nadu Newsprint Papers Ltd  (TNPL) was formally inaugurated by Chief Minister Jayalalithaa  here today.

She inaugurated the plant by video conferencing. The plant is the first to be set up at Kagithapuram in Karur district by TNPL using dry ash  and limestone as raw material, an official release here said.

With a capacity of producing 600 metric tonnes per day, the plant would initially recruit 300 persons, it said.

Noting that TNPL reported profits of Rs 108.94 crore for the period 2011-12, it said the dividend amount of Rs 12.22 crore was presented to Jayalalithaa by Industries Minister S P Velumani on the occasion.

source: http://www.economictimes.indiatimes.com / Home> News> News By Industry> Int’g Goods/Svs / January 30th, 2013

The Phoenix rises

     FACETS OF THE PHOENIX The exterior of the mall / Photo: R. Shivaji Rao / The Hindu

Of the million sq. ft. Phoenix Market City that marks the convergence of shopping, dining, entertainment, art, architecture and design

Ah the whiff of fresh paint…the delightful smell of all things new. The two-day old Phoenix Market City in Velachery is like a gift that’s just been unwrapped. It’s shining, sparkling clean and while some of the store owners are still busy setting up shop, the mall rats have already begun discovering their latest haunt.

Spread over a million sq. ft. Phoenix Market City houses 300-plus stores, with four-and-a-half levels of shopping area and a food court, a basement as well as a multi-level car park, a 30-room boutique hotel, an apartment complex, an amphitheatre and a club.

A joint venture of Phoenix Mills and Sharyans Resources, this is the fourth in the series of Phoenix malls after Mumbai, Pune and Bengaluru. “This mall is a convergence of shopping, dining, entertainment, art, architecture and design. It’s about presenting a destination to the city. Malls are becoming the nerve centres of cities. This is a mall where people of Chennai would like to congregate. It’s where a day can be well spent,” says Vijay Choraria, managing director, Sharyans Resources.

So, what’s exciting about the mall? It brings to Chennai some of the biggest brands from across the country and the globe. The list includes…hold your breath…Mango, Manchester United, Steve Madden, Promod, Superdry, Brooks Brothers, Esbeda and many others in addition to the already existing Lifestyle, Pantaloons, AND, Global Desi, Charles & Keith, Aldo, MAC, Globus, Indian apparel outlets such as Begum etc. There are electronic stores such as Access, Poorvika, home décor outlets, stores for new born babies and lots more. “We’ve ensured there is a good mix of shops for every age group in this inclusive mall,” says Choraria.

Also, Chennai’s wait for its own Hard Rock Café can now end. The popular chain is scheduled to open in the next of couple of months. Spaghetti Kitchen, Nando’s, California Pizza Kitchen too will set up shop at this mall with a host of other fine dining options as well.

The food court has 11 counters set up by Moti Mahal Express, ID, KFC, Domino’s, Wow Momo, Nala’s Aappakadai, China Wall, Arabian Hut, Kailash Parbat, Fruit Punch and Kwality Walls.

This mall has been designed by Benoy, a Hong-Kong based company. “Not just shopping and dining, Phoenix Market City is also about promoting art. We have sculptures by artists from all over India. The installations on display will keep changing every few months,” Choraria adds.

As of now the installation ‘Apocalyptron’ made of plastic cans by Thukral and Tagra, resembling a Transformer is the centre of attention with enthusiastic mall goers taking photographs with it. A large sculpture of a woman’s face made by Ravindra Reddy too gets quite a few flashbulbs.

Sathyam Cinemas will launch their next theatre here. Titled Luxe, this theatre spells opulence. It will also house Chennai’s first IMAX theatre. The lobby looks straight out of a glitzy night club in Paris. With black and white tiles, glittery wall panels, high ceiling, velvet drapes and 11 screens to choose from this sure is a theatre to lookout for.

The team is certain that the mall will do well here. “Chennai is a great market. This city is still very traditional, yet modern. It is true representation of modern India,” says Choraria.

Asked about competition, Choraria adds, “Express Avenue Mall is the best location-wise. It’s a great mall. But I am sure this city can do with two great malls. These are at two ends of the city. Velachery is the extension of the new Mount Road.”

As of now only 130 stores are open. By March the mall should be fully functional and will also organise quite a few events.

Children can keep themselves amused at Fun City or at the Scary House where skeletons among other spooky things can make them giggle, shriek or cry.

Luxury gets a new address as the Phoenix rises in Chennai.

source: http://www.TheHindu.com / Home> Life & Style> Leisure / by Priyadarshini Paitandy / Chennai, January 25th, 2013

Wake up and smell the coffee at your doorstep

Chennai :

The traditional south Indian filter coffee , it appears, has gone instant. And the elderly Chennai mami too tired to decoct for one, the working couple who love their filter coffee but are to busy to brew and the family from north India unable to crack the bean blend that will produce the perfect cuppa, are gulping it down.

In the last one and a half years, Chennai has seen a number of entrants into the readymade decoction market — a plantation owner, a mom of two, and a former milk delivery boy. And there’s another from Udumalpet waiting in the wings.

All you need to do is add hot milk, sugar to taste and you’re ready to go, says Geetha Saravanan, a mother of two, who launched her brand Bean Boy, last year. Made at a central kitchen in Perungudi, the decoction — her grandmother’s recipe — is bottled and delivered to customers’ homes at 5 am. “My family and friends  love my filter coffee. They always tell me they never get it right. So I thought, why not market it,” says Saravanan, who began with 1.5 lakh borrowed from her husband.

Delivering an average of 400 bottles a day, Bean Boy  generates revenue of Rs 1.5 lakh a month for Saravanan, who even gives her customers a value-add — a workshop on how to make filter coffee.

Then there is the coffee plantation hand-turned-milk delivery boy-turned-entrepreneur V Balaji, 26, who began delivering his Sri Balaji Coffee  decoction in 2010. “The idea for my business came to me when I delivered milk to a north Indian family, who invited me in for coffee. They offered me a cup of instant coffee , and I told them I would make something better,” says Balaji, who returned to their house the next day with his home-brewed decoction. Soon, he began getting orders by word of mouth, which he turned into a business that is now earning him 5,000 a day.

Homemaker Priya Srinivasan, one of Balaji’s loyal customers, says the true test of his decoction is that her mother-in-law likes it. “She used to prefer tea because there was no filter coffee in the house. Making it the regular way takes long. With this instant decoction, I can see she is happy,” says Srinivasan .

‘Coffee market growing at 6% per year in India’

For coffee plantation owner Anush Narayanan, who has been selling his own brand of coffee powder since the 1990s, creating a readymade decoction seemed a logical extension of his business. “The filter coffee market is growing and so is the market for readymade decoction. We sell 12,000 pouches a month,” says Narayanan, who retails his Kaaveri decoction out of 75 stores in Chennai and is planning to go nation-wide this year.

As per sources in the  Coffee Board of India , over 30,000 metric  tonnes of coffee are consumed per annum in Tamil Nadu — with filter coffee staking its claim to 54% of the market and 46% going to instant coffee. Pan India, where over one lakh metric tonnes of coffee are consumed per annum, instant coffee has a larger market share  of 57%. The pan-Indian coffee market is growing at the rate of 5% to 6% per annum.Narayanan says he plans to cash in on the growing Indian market. “We are taking our kaapi decoction toBangalore,Mumbai and Kolkata,”he says.

Meanwhile, G Samyraj from Udumalaipettai, has just trademarked his brand ‘Only Coffee Kumbakonam Degree Filter Coffee’, which has outlets on the national and state highways in TN. He plans to supply his decoction at departmental stores across the state.

source: http://www.timesofindia.indiatimes.com / Home> City> Chennai / by Kamini Mathai, TNN / January 25th, 2013

New display at Madras Crocodile Bank

The Madras Crocodile Bank has 5 new inmates – anacondas. This the first time anacondas have been displayed here. The snakes were brought from Protivin Crocodile Zoo in the Czech Republic in 2011. In exchange, four gharials were sent from here.
The officials have decided to display these animals to dispel wrong notions and beliefs about them. One of the visitors said, “Unlike what we have seen in movies, the anacondas at the croc bank are cute. It was amusing to watch them move about the enclosure, their heads bobbing in the water.”
Madras Crocodile Bank Director, Mr. Colin James Stevenson said, “As anacondas are aquatic in nature, in summer, they stay under water. The ideal temperature for anacondas is between 27 degrees Celsius and 30 degrees Celsius.” Keeping this in mind experts at the bank monitor temperature inside the enclosure to ensure the right amount of heat.
source: http://www.LiveChennai.com / Home> News / January 20th, 2013