Category Archives: Business & Economy

Chief Minister Edappadi K Palaniswami releases coffee table book on India Cements and N Srinivasan

Speaking at the function, Palaniswamy said Srinivasan was successful because he has always seen himself first as a worker, then as a managing director.

CM Palaniswami along with N Srinivasan, cricketers MS Dhoni, Rahul Dravid and Kapil Dev at the book release | D SAMPATH KUMAR
CM Palaniswami along with N Srinivasan, cricketers MS Dhoni, Rahul Dravid and Kapil Dev at the book release | D SAMPATH KUMAR

Chennai :

Tamil Nadu Chief Minister Edappadi K Palaniswami on Friday released a coffee table book, which chronicled the 70-year journey of India Cements and N Srinivasan’s five-decade association with the company, in a glittering ceremony at Kalaivanar Arangam.

Former India captain MS Dhoni received the first copy of the book titled: “Defying the Paradigm N Srinivasan: Fifty years of an extraordinary journey” in the presence of several other stars.

Speaking at the function, Palaniswamy said Srinivasan was successful because he has always seen himself first as a worker, then as a managing director. “Srinivasan’s contribution to India’s cement business and other walks of life is well documented in this book. For any youngster who dreams of evolving as a successful entrepreneur, Srinivasan is a perfect example,” Palaniswami said.

“His contribution to the world of cricket is something all of us can be proud of, especially at a time when very few came forward to invest in the sport. He did so in other sports as well, which is laudable,” the Chief Minister added. The function was attended by a galaxy of cricketers including former captains Chandu Borde, Sunil Gavaskar, Kapil Dev, Dilip Vengsarkar, Rahul Dravid, Anil Kumble and other cricketers. Also in attendance were ministers from Tamil Nadu Cabinet and opposition leader MK Stalin.

source: http://www.newindianexpress.com / The New Indian Express / Home> States> Tamil Nadu / by Express News Service / December 29th, 2018

Jan Shatabdi coaches powered by solar energy

In its endeavour to go green and reduce dependence on conventional energy, the Southern Railway has turned seven coaches of the Coimbatore – Mayiladuthurai – Coimbatore Jan Shatabdi Express solar powered.

The provision of solar rooftop photovoltaic panels on the coaches was entrusted to the Salem Division.

As a trial, one coach was provided with solar PV panels and commissioned in January 2017. Now, six more non-AC coaches in the train have have been provided with the panels at ₹15.20 lakh, providing 4.8 kw per coach. Railway officials said the solar panels functioned well, powering the lights and fans in the coaches.

In case solar energy was not generated, the system would switch to conventional energy.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Coimbatore / by Special Correspondent / Coimbatore – December 29th, 2018

Start-up turns plastic waste into diesel substitute

PattersonCF27dec2018

Paterson Energy looks to set up a project in Pallikaranai, tap CSR funds

Chennai-based start-up Paterson Energy is looking to set up a 5 tonne-per-day plastic waste-to-fuel project in Pallikaranai and hoping to tap corporate social responsibility funds for the project.

The company uses a technology called plastic pyrolysis and builds plants at locations where it can process plastic waste to produce liquid fuel, which is cheaper than diesel.

This can be used as an alternative to fuel generators, industrial boilers, kilns, furnaces, diesel-powered engines and other such equipment.

It claims that there will be over 20% savings on fuel bills.

Cheaper than diesel

The oil generated as a result of these processes is sold at ₹40/litre on average. The model can generate 500 litres of oil for each tonne of plastic waste. However, the yield depends on the feedstock – the more homogeneous the material, the better the yield output.

“We can also source single-use plastic, which is not normally picked up by ragpickers, for conversion into fuel. But the challenge is we need huge volumes,” Vidya Amarnath, Director, Paterson Energy, said.

“If the State government can bring in regulations on collection of such plastic waste through various collection centres, it would be of great help for us to source,” she added.

She said that the company is working with the Tamil Nadu government in setting up plastic waste-to-fuel plants at feasible locations.

source: http://www.thehindu.com / The Hindu / Home> News> States> Tamil Nadu / by Sanjay Vijayakumar / Chennai – December 22nd, 2018

Humming Box: empowering displaced women

To provide employment to women, the TNSCB has formed SHGs and has been conducting skill development programmes. | Photo Credit: M. Karunakaran
To provide employment to women, the TNSCB has formed SHGs and has been conducting skill development programmes. | Photo Credit: M. Karunakaran

The brand is a product of the labours of a self-help group

Until a year ago, Nancy Kalaiarasan was a housewife whose family was relocated to Perumbakkam from Thideer Nagar. Now she and 14 others have formed a jewellery-making self-help group (SHG) and are marketing their products under the brand name ‘Humming Box’.

In a bid to provide employment to women in resettlement colonies, the Tamil Nadu Slum Clearance Board (TNSCB) has formed various SHGs and has been conducting skill development programmes. This jewellery-making SHG operates from one of the houses in the Perumbakkam tenements and the members meet twice a week to make jewellery. “After I was shifted here, I attended a 20-day jewellery-making workshop organised by the TNSCB. This empowered me to a great extent,” Ms. Nancy explained.

She then trained 14 other women in her locality. “Some of the members are housewives and some are widows. We make the jewellery with raw materials procured with the help of TNSCB. We keep track of the latest jewellery designs through magazines and the internet,” Ms. Nancy said.

Marketing needed

They have been selling their products at rock-bottom prices. “As of now we are able to earn ₹3,000 per head every month. But if we are able to set up more stalls in multiplexes, colleges or if cine artistes purchase our jewellery, we can earn well and support more women,” she added. Catherine Monisha Felix, an advocate, has been supporting the group by purchasing their products and helping them set up stalls. “They are skilled and purchasing their products will be a big encouragement and it will boost their confidence,” she said.

Though skilled, marketing their products is a major challenge. “With the brand name Humming Box we are planning to set up stalls in different parts of the city. On December 1, we are setting up one in TCS and soon we plan to go online,” said Ms. Catherine.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Chennai / by Vivek Narayanan / Chennai – November 30th, 2018

Achievers receive Living India Awards

It was an evening of celebrating nationalities at the 21st edition of Annual Beautiful India Photo Competition for expatriates organised by Global Adjustments Foundation in the city on Saturday.

The India LIVING awards was organised on Saturday  Debadatta Mallick
The India LIVING awards was organised on Saturday  Debadatta Mallick

Chennai :

It was an evening of celebrating nationalities at the 21st edition of Annual Beautiful India Photo Competition for expatriates organised by Global Adjustments Foundation in the city on Saturday. Beautiful India has been the only photo competition for expats living in India.

After 23 years of publishing Culturama, India’s only free magazine for global citizens, Global Adjustments Foundation added a second arm, Culturama LIVING, a luxury lifestyle magazine. As a tribute to their times, the first India LIVING awards was organised as part of the event.

“We honour high achieving Indians from different fields including music, humanity, culture, sports and business among others. We not only want to focus on glitz and glam, but hold on to substance,” said Rohini Manian, CEO, Global Adjustments Foundation.

This year’s winners include Dipika Pallikal Karthik (Sports Star), Girish Mathrubuthoom (Business Unicorn), The Banyan (Humanitarian), Rahul Vellal (Rising Star), Pradeep Dhadha (Business Excellence), Steve Bourgia (Cultural Visionary), VR Ferose (Thought Leader) and dancer Shobana (Living Icon).
“You have to be passionate and obsessed about something to achieve excellence; however, the meaning of excellence differs from person to person,” said Shobana.

On the other hand, 300 entries from 14 nations were received for the photo competition. The winners were awarded for their ability to capture their experience of local culture as well as for their technical skills in photography. The categories this year were Faces, Places, Into India and Culture and Festivals.

source: http://www.newindianexpress.com / The New Indian Express / Home> Cities> Chennai / by Express News Service / November 14th, 2018

The art in the Kanjivaram

The Vanam Singaram colouring book
The Vanam Singaram colouring book

Kanakavalli’s Vanam Singaram colouring book is an attempt to show people that there’s so more to a Kanjivaram sari than just the silk

“All of us cannot be weavers or designers, but a colouring book allows us to play a part in the craft in a way, inviting us to appreciate and engage with it,” says S Ahalya, founder of Kanakavalli that curates exclusive Kanjivaram saris. She set up the Ekavalli Foundation to take her love for the gorgeous Kanjivaram story further than saris and its début initiative is a big square cream and gold colouring book called Vanam Singaram (The Forest Adorned). “What excites us most about this project is the potential that these drawings have for each of us to participate in the art form of the Kanjivaram,” she explains.

The design transferred on to silk
The design transferred on to silk

Open the book and almost immediately you see familiar motifs. You have seen them before on the Kanjivarams hanging in your cupboard. From the distinctive round rudrakshams and graceful Paisleys to grand annams and stately elephants. I know I am going to shade the paisley, but which one would Ahalya colour first?

“I don’t really have a single favourite motif, but I do think the annam is very beautiful and classic. What I love about it is that we see the annam in so many forms of art across South India, from brass work and sculpture to textile and painting. It is a mythological bird that represents the best of what each of us pursues in our own lives I think: love and peace. This idea of a bird as a messenger is very lovely, and I think the symbol resonates with the dove in the Western world as well.”

While Vanam Singaram is by no means a comprehensive documentation of the Kanjivaram motifs, Ahalya says it is a beginning. “Traditionally, most motifs are born as free-hand drawings and then converted into graphs for the loom by people trained in the process. For us to produce this book, free-hand drawings had to be converted into digital drawings.”

The free-hand drawings were of the prodigious (late) N Veerappan, who won a National Award for Craft with his creation of a silk scarf that comprised 1600 different types of designs inspired by the silk and cotton saris of South India. Veerappan trained in the arts and worked with the likes of Rukmini Devi Arundale (Founder, Kalakshetra Foundation) and cultural activist Pupul Jayakar and artists and art teachers from Santiniketan.

His son Palanivel, also an award-winning weaver, generously shared his father’s free-hand drawings that found their way into the book. “Converting someone’s work into digital art was a very laborious process. Those who saw merit in the Vanam Singaram project and were involved in bringing it to life put in hours of work across two years to bring this colouring book to the world,” says Ahalya.

There is a section in the book that tells you of the traditional hues. Chilli reds, turmeric yellows, parrot greens and the famous MS Blue and a Fanta orange too! One learns of the significance of the colours and their associations to either familiar food and spirituality! From tomatoes, onions and brinjals to mangoes, jamuns, cardamom and saffron … these are the delicious, sumptuous and evocative shades that a Kanjivaram can be.

A motif with elephansts
A motif with elephansts

We all wear the Kanjivaram. But, according to Ahalya, “The Vanam Singaram colouring book is an attempt to reach out to a wider audience so that people can appreciate what goes into the Kanjivaram beyond just wearing the sari. It allows people to celebrate the art of the Kanjivaram — its provenance, the skill that goes into its weave and its relevance in our culture. About 10-15years ago, everyone was quite sure that the idea of the sari was declining, that young people did not take to the sari as much as their parents and grandparents had. Fortunately, over the last few years we have seen a return to the sari,” she says and adds, “Any art, I believe, becomes precious only when there are enough people who appreciate it. This book, Ekavalli Foundation hopes, will draw more people into the world of the Kanjivaram.”

A motif for beauty

Find the Vanam Singaram Kanjivaram colouring book in all Kanakavalli stores in Chennai, Coimbatore, Bengaluru and Hyderabad. It is also available online at https://kanakavalli.com/products/colouring-book-vanam-singaram It comes along with a set of notecards with individual envelopes and stickers, all celebrating the gorgeous motifs.

source: http://www.thehindu.com / The Hindu / Home> Society> History & Culture / by Pankaja Srinivasan / November 09th, 2018

Tailor stitches green cover in and around Alwarpet

Vijayabhaskaran is another example to prove that not all heroes wear capes.

Vijayabhaskaran outside his tailor shop at Alwarpet | DEBADATTA MALLICK
Vijayabhaskaran outside his tailor shop at Alwarpet | DEBADATTA MALLICK

Chennai :

Vijayabhaskaran is another example to prove that not all heroes wear capes. The 67-year-old tree warden — a public official in charge of shade trees on public town lands — has planted close to 150 saplings in and around Alwarpet to try and restore the green cover the area lost after the fury of Cyclone Vardah. The numbers may not be staggering but when you take into account the limited space in a congested city like Chennai, it would indicate his conviction and determination.

While he is used to putting his hands to good use — he is a tailor when he is not planting saplings in and around Chennai — he has gone over and above his calling to replenish the greenery. Though an officer of the State forest department (appointed two decades ago), he spends money out of his pocket to protect the environment.

“Every month I set aside Rs 3,000-Rs 5,000 to buy new saplings of rare trees that we do not find in the city anymore. Whenever I spot an empty space either on a sidewalk or near a house I make a mental note to plant a sapling there the next day,” he informs TNIE. Over the last 20 years, he has planted more than 10,000 saplings in parts of South Chennai. An average of 500 trees per year may not count for much but considering the hurdles he has to jump (lack of finances and no support from the local body), his contribution can’t be measured in numbers.

He doesn’t stop there. His pet projects include planting fruit-bearing tree saplings in neighbouring villages like Palur in Kancheepuram. “Last year, I took close to 50 students from Anna University to Palur. We planted 100 saplings in four hours. The saplings I planted 10 years ago now give the villagers a variety of fruits like mango, guava and coconut,” he beams.

His best work gently sways to the tunes of winds all over the city. Through an environmental NGO, Exnora’s tree-planting division, he has planted 350 tree saplings in 13 bus terminals across the city, at two temple tanks in Mylapore, close to 1,000 saplings in multiple city colleges, parks and along numerous footpaths at Kottupuram, Teynampet, Boat Club, RA Puram and neighbouring localities.

While he has planted more than 25 varieties of trees, he takes special care to plant native species like Poovarasu, Badam, Maghizham and Vembu, which are known for their resistance to natural calamities. He has also roped in students from NSS wings of many colleges in the city to assist him in the planting process. The next time you come across a rare or exotic tree in the city, you can thank Vijayabhaskaran, the unassuming senior citizen who plants and safeguards trees for a living.

source: http://www.newindianexpress.com / The New Indian Express / Home> Cities> Chennai / by Madhumitha Viswanath / Express News Service / November 09th, 2018

It’s destination Europe for T.N. bananas

The first consignment of the grand naine variety from Theni district, produced using the ‘post harvest protocol’, will commence its sea leg of the journey from Kochi on Nov. 1.
The first consignment of the grand naine variety from Theni district, produced using the ‘post harvest protocol’, will commence its sea leg of the journey from Kochi on Nov. 1.

Thanks to a unique post-harvest handling system, a consignment will soon reach Italy

Despite India’s standing as one of the major banana-producing countries in the world, Tamil Nadu couldn’t export its produce by air given the fruit’s weight (making it uneconomical), its short shelf life and the European standards that lay emphasis on minimum human handling.

To counter this challenge, the Tamil Nadu Agricultural University in Coimbatore, in collaboration with the Tamil Nadu Banana Growers Federation, has developed a unique post-harvest handling system — the cable way conveyor. The Port of Trieste, Italy, offered financial support for developing the system.

Thanks to the initiative, the first consignment of bananas grown in the State was flagged off for export to Italy on Wednesday.

“The new system reduced the post-harvest loss. From the farm to packing-house, we managed with conveyors. The 24-day journey to Europe was the next step in the sequence,” explained Agriculture Secretary Gagandeep Singh Bedi.

The ‘cable way conveyor’ could be used in large farms for transporting both farm inputs and produce. It will help in exporting India-grown varieties like grand naine, red banana, ney poovan and nendran.

During the pioneering attempt, banana bunches with a sample size of about 400 kg were harvested at a farm in Kudalore in Theni district. They were then transported to the University of Udine, Italy, on an experimental basis. “After the positive results that we met with, we went ahead with the idea,” Mr. Bedi added.

As part of efforts to send the consignment to Europe, a ‘static inland simulation trial’ was conducted in Chennai by keeping a container fully stuffed with banana-packed pallets under climate-controlled atmosphere for three weeks. The National Research Centre for Banana, Maersk and the Tamil Nadu Banana Growers Federation too were part of the initiative.

The first consignment of grand naine variety from Theni district, produced and packed using the ‘post harvest protocol’, is to start its sea leg of the journey from Kochi in Kerala on November 1, according to an official release.

source: http://www.thehindu.com / The Hindu / Home> News> States> Tamil Nadu / by Special Correspondent / Chennai – November 01st, 2018

Chennai-based companies attract huge investments

InvestmentChartCF02oct2018

Fifteen firms received $1.6 billion in funding during the third quarter of 2018

Led by the large ticket investment in Star Health Insurance and CAMS, fifteen Chennai-based companies attracted $1.6 billion in Private Equity and Venture Capital (PE-VC) investments during the third quarter of 2018. During the same period last year, seven investments worth $107 million flowed into city based firms.

Companies that raised significant capital during the latest quarter include Sanmar Chemicals ($150 million more from existing investor Fairfax Group); NBFC Five Star Business Credits ($100 million) and SaaS software maker Freshworks ($100 million).

At the national level, Private Equity (PE) investments in the first nine months of 2018 touched $23.7 billion (across 525 deals), up 29% (across 527 deals) when compared to the same period in 2017. Calendar 2017 was the biggest ever year for PE investments in India, recording $23.7 Billion across 704 deals. According to data released by Venture Intelligence, a research service focused on private company financials, transactions and their valuations, PE firms invested a record $9.2 billion (across 154 deals) during the quarter ended September 2018 – up 60% compared to the $5.8 billion (across 146 transactions) in the same period last year.

The investment amount in Q3’18 was 11% higher than the immediate previous quarter (which had recorded the previous highest quarterly investments at $8.3 Billion across 191 transactions). Note: These figures include Venture Capital investments, but exclude PE investments in Real Estate.

The latest quarter witnessed 22 PE investments worth $100 million or more (accounting for 79% of the total investment value during the period) compared to 13 such transactions in Q3’17. Of these, 12 were larger than $200 million each (by themselves accounting for 65% of the total value) – compared to just four such investments in the year ago period, the Venture Intelligence data shows.

International Investors

“International investor interest in Indian Internet and Mobile companies has shot up dramatically post the Walmart-Flipkart deal,” said Arun Natarajan, Founder of Venture Intelligence. “Investments in other industries – including in manufacturing, energy and engineering companies – is also quite strong. This lends confidence that 2018 will set a significantly new high for PE investments in the country, even if the nervousness in the public markets and global events begin to affect private markets in Q4,” he added.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Chennai / by Sangeetha Kandavel / Chennai – October 02nd, 2018

Meet the man operating the only oil press in a village near Coimbatore

A village near Coimbatore was once an edible oil heartland, with every household owning an oil press. Today, only one man continues to operate it

Decades before edible oil became a mass-produced consumer product packaged in plastic bags, an entire village in Tamil Nadu depended on oil presses for a living. Some 30 years ago, almost every household at Kadampadi near Coimbatore had an oil press. There was a Government-run society in the village that supplied families with sacks of groundnuts and sesame seeds to be pressed every week. Bullocks going in circles around the press, drawing a wooden shaft attached to it, the action grinding the nuts to a paste, was a common sight. Today, there’s only one man in the village operating an oil press.

RamasamyCF30sept2018

A small board announces the sale of cold-pressed oil at the entrance of C Ramasamy’s house. Bordering a cornfield, it holds the last of the oil presses of Kadampadi. It is made of wood, but runs on electricity, unlike his father’s that was bullock-driven. “A bullock-operated chekku (press) needed two people to operate it — one had to control the bulls and the other had to keep scooping the groundnuts into the press,” recalls the 57-year-old. “I assisted my father as a little boy. I was usually positioned at the chekku while he controlled the bulls,” he says.

In the 1980s, there were 60 oil presses in the village. “We ground sesame seeds, groundnuts, neem seeds, coconut, and amanakku (for castor oil),” he remembers.

Seated on a string-cot, a wall separating us from the press that stands in a lime-washed room, we can smell the thick, nutty aroma. The floors are sticky and the walls by the press wear tell-tale oil splashes.

Ramasamy tumbles a tin of groundnuts into it and switches on the power. The press grunts to life — the gigantic wooden pestle crushes the nuts to a chocolate-coloured paste, tempting us to scoop some up to try. Ramasamy sprinkles water into it occasionally — “Otherwise, it will become powdery”. Within 20 minutes, clear oil collects by the pestle. We contain our excitement and ask with a straight tone — “That’s all it took to produce oil?”

Ramasamy smiles. “Yes. Groundnut oil tastes like ghee when sprinkled on dosai,” he offers. A kilogram of groundnuts will fetch 400 millilitres of oil. “For coconut, the same amount will provide 600 ml and sesame, 400 ml,” he explains. Ramasamy hasn’t finished school, but has studied the nuts and the oil they produce so well that he can tell by looking at the soil the quality of the crop it can grow. “I don’t buy nuts from places beyond Pollachi. Soil there is semi-white, and is not fertile for the crop I require. I stick to areas north of Kinathukadavu.”

Coimbatore , the land of textile mills, was their chief consumer. “We supplied oil to the canteens of the mills in the region,” remembers Ramasamy. His father delivered them in tins on a bullock cart. A cart could carry 30 tins, each with a capacity of 16 litres. “In the 70s, 60 families registered with the Khadi Board-run Society and took turns to go to Tiruvannamalai to source the nuts,” he explains. “We travelled every week to buy on auction, and once back home, we divided them. Each family got seven sacks a week.”

Business thrived and people were happy. But as the big crude oil players entered the fray, they lost out. “Our customers switched to packaged oil and our presses shut down, one by one,” Ramasamy shakes his head. “Villagers turned drivers and mill workers.” In fact, Ramasamy himself called it quits and did odd-jobs to no success, and finally revived the craft he learned from his forefathers. “These days, people have renewed interest in chekku oil. A lot of youngsters stop by to buy my oil. Demand has gone up; this is a good sign.”

Ramasamy is suddenly overcome by emotion as he recalls his past. He gets teary-eyed and we gently remind him of our presence, asking for his cooperation for a photoshoot. Would he like to change into a dhoti? “No, this is what I wear to work,” he tells us, standing up in his oil-kissed shirt and shorts.

For details, write to krgoilmill@gmail.com, or call 8760927281.

source: http://www.thehindu.com / The Hindu / Home> Life & Style> Food / by Akila Kannadasan / September 27th, 2018