Category Archives: Business & Economy

Plan to put Pollachi on farm tourism map

Taking a cue from its Punjab counterpart about successful ‘rice tours’, the State Tourism Department plans to promote farm tourism in a big way in and around Pollachi and Thanjavur towns.

Currently, the Tourism Department focusses on pilgrimage tourism, heritage tourism, eco-tourism, beach tourism, rural tourism, medical tourism, adventure tourism and cultural tourism, besides promoting hill stations. It also plans to promote heli-tourism and cruises.

More areas and different types of tourism are being contemplated to prolong the stay of foreign tourists.

While Thanjavur, the rice bowl of Tamil Nadu, has been on the radar of the State Tourism department for a long time through heritage tourism, Pollachi, a picture perfect location for films, is an unexplored region. Nestled in the middle of the Coimbatore, Udumalpet, Valparai and Palakkad belt, Pollachi provides an ideal resting place for tourists, said tourism officials.

Talking to The Hindu , a top government official said, “Pollachi and Thanjavur offer more scope for tourism. As more and more people are constructing farm houses, we plan to make use of these facilities to provide a different experience to tourists by acting as a facilitator. We will be initiating a dialogue with prominent persons and businessmen in the area to give wide publicity.”

According to industry sources, Pollachi has been gaining momentum in farm tourism as many plantation owners had started letting out their farm houses to domestic tourists, following a severe drop in the number of movies shot in that location. Besides, farm tourism fetched more income in addition to their agricultural activities.

“The mere presence of a sanctuary, reservoirs, water sports and boat riding in places such as Valparai, Aliyar Dam, Top Slip, Parambikulam Tiger Reserve and Amaravathy Dam can provide the much-needed entertainment and relaxation to tourists. The Thanjavur Brihadeswara Temple will provide an altogether different experience. Apart from watching farmers working in the lush green paddy fields, tourists can also get their feet muddy there,” the official said.

source: http://www.TheHindu.com / National / by N. Anand / Chennai, May 01st, 2012

Black tea exports to China soar

Chennai/Kolkata, APRIL 24:

India’s black tea exports have begun scaling the Great Wall. Shipments of black tea to China have increased 10-fold since the 2008-09 fiscal.

“Black tea exports to China have recorded the highest rate of growth. There is a great potential for it,” said Ms Roshni Sen, Deputy Chairperson of the Tea Board.

According to Tea Board data, shipments of black tea increased to 1.27 million kg (mkg) during 2010-11 from 0.10 mkg during 2008-09.

According to trade sources, exports during the last fiscal crossed 2 mkg.

“China is basically a green tea consumer. But what I have also seen is black tea is getting imported for the ready-to-drink or instant tea for the younger population,” said Mr Aditya Khaitan, Managing Director of McLeod Russell.

“It is mainly tea from North India that is being exported to China. The younger generation there needs a stronger cup of tea,” said Mr N. Sriram, Director of Coonoor-based Contemporary Tea Brokers.

Though China is the largest producer of tea, production of black tea there is declining. India, on the other hand, is the largest producer of black tea in the world. Production in 2011 is estimated at a record 988.33 million kg. Exports are hovering around 200 mkg during the last couple of years.

Pakistan and China are seen as sources that can help perk up black tea shipments.

The rise in Chinese black tea consumption is likely to put pressure on prices, according to Mr Khaitan.

mrsubramani@thehindu.co.in

Pratim@thehindu.co.in

source: http://www.TheHinduBusinessLine.com / Home> Markets> Commodities / by Hindu Bureau / April 24th, 2012

Cauvery turns Trichy’s beach

Trichy:

If Chennaiites have a Marina beach to chill out, people of Trichy have the banks of the Cauvery at Ammamandapam in Srirangam. For the first time in the history of the Fort city, a km length of the stretch on the banks of the Cauvery between what is known as Karudamandapam Padithurai (stone steps) and the famous Cauvery bridge (linking Srirangam island to mainland Trichy) has been converted into a ‘beach’ for the convenience of the public and tourists.

“I had not the faintest idea that the concept would click into a huge hit with the people,” corporation commissioner K R Selvaraj told TOI. Just as the summer holidays are beginning, the tourist attraction was thrown open to the public on Sunday evening by minister N R Sivapathy.

Selvaraj recalled that Sivapathy had told him about converting the dry Cauvery in the upstream of Cauvery bridge up to Karudamandpam Padithurai into a tourist attraction. However, the corporation did not pay much heed to the idea as it was right in the middle of the stream. That the Cauvery had become completely dry made the officials rethink the matter. Meanwhile, the minister asked the Commissioner again as to what arrangements had been made on Friday last. “It was at this point that I realized that Sivapathy was very determined about it,” Selvaraj said. Furthermore, the Minister visited the site twice on Saturday, and on Sunday evening, he officially threw the ‘beach’ open to the public, much to the jubilation of children and womenfolk.

“We were indeed moved by the sight of the people, both youngsters and the elderly, standing right on the platform of the Cauvery bridge in the late evenings to chill out. They were risking their lives sometimes in the poor visibility, and had to be given some alternative site for recreation,” Trichy (East) MLA R Manoharan, in whose jurisdiction the beach falls, told TOI. In fact, the traffic department had taken strong exception to a large number of people flooding the bridge after dusk, and the scenario increased the likelihood of road accidents on the bridge. “Unless we give them some alternative, it will not be proper to chase them away from the bridge,” said Manoharan. And, the idea was hurriedly given a final shape on Sunday without any official invitation. “Let the people recreate at least for a month, now that the board examination is over today,” Manoharan added.

Selvaraj, however, said the beach phenomenon would not last beyond the first week of June, when water would be released from the Mettur dam.

source: http://www.timesofindia.indiatimes.com / Home> City> Madurai / by Dennis Selvan / TNN, April 24th, 2012

Narain Karthikeyan may become the brand ambassador of Incredible India

New Delhi:

As India tries to increase its share in the world tourism market, the tourism ministry is looking for a brand ambassador for its flagship logo Incredible India. The ministry is in talks with India’s first Formula One driver Narain Karthikeyan for the job.

Though Bollywood actor Aamir Khan has been the face of Incredible India spreading the social message of cleanliness and Atithi Devo Bhava in India, the ministry needs a global brand ambassador.

After seriously considering Bollywood actors, the ministry has zeroed in on sportspersons to do the job. Speaking to ET, tourism minister Subodh Kant Sahai said: “India needs a brand ambassador to promote Incredible India in the overseas market. A world-renowned sportsperson would be the ideal choice for this.”

According to highly-placed sources, Karthikeyan met Sahai earlier this week and gave a presentation on how he could promote Brand India globally. This includes plans of sporting Incredible India logo with visuals of  Taj Mahal on his racing car and making appearances at India roadshows abroad.

The ministry is showing keen interest as Formula One racing has the second-largest viewership after FIFA World Cup. The ministry had also considered cricketers like MS Dhoni but realised that cricket is not followed in Europe and United States and it could mean leaving out big international tourist markets.

source: http://www.economictimes.indiatimes.com / News> News by Industry> Services / by Nidhi Sharma, ET Bureau / April 21st, 2012

Coromandel International raises stake in Sabero Organics

Chennai:

Coromandel International, the flagship company of the Chennai-based Murugappa Group, has upped its stake in agrochemical manufacturer Sabero Organics by over 5 percentage points to just below 75% in the March quarter.

Coromandel bought about 18.53 lakh shares or 5.47% stake from the existing promoters, said a Sabero footnote to its Q4 earnings.

The Murugappa Group company acquired Sabero last year and after an open offer it held a 69.1% stake. The company spent over Rs 400 crore on the acquisition.

Sabero posted a Q4 standalone net loss of just over Rs 11 crore, compared to a loss of Rs 7.52 crore in the same quarter the year before. This is its sixth straight quarterly loss. Sales, however, rose to Rs 94 crore from Rs 88 crore.

In the company’s third quarter conference call, Kapil Mehan, managing director of Coromandel, had said he expects Sabero to return to normalcy and healthy growth in the next two to three quarters.

source: http://www.economictimes.indiatimes.com / ET Home> Markets> Stocks> Stocks in News / ET Bureau / April 19th, 2012

Ulster Academic to Lead £10 Million India-UK ICT Research Collaboration

                                                                Professor Gerard Parr
A University of Ulster academic is spearheading the latest phase of a multi-million pound joint UK and Indian research project to boost India’s Internet capabilities.Professor Gerard Parr, who is Chair in Telecommunications Engineering on the University’s Coleraine campus, is the UK’s principal investigator for a £10 million India-UK ICT research consortium of nine research-leading UK universities.The £10 million project – the largest between the two countries and which will employ 200 scientists – will help improve the quality of millions of lives in India and the UK.UK’s Minister for Universities and Science David Willetts announced the £10 million funding boost for the project during a meeting with Indian Science and Technology Minister Vilasrao Deshmukh in London today (Wednesday April 18).

The £10 million investment will support the second phase of research into next generation Telecommunications networks – the development of state-of-the-art platforms and applications that will carry voice, video and data in the future on the Internet.

The research is a key part of the work of the India-UK Advanced Technology Centre (IU-ATC), a collaborative programme funded by the UK’s Engineering and Physical Sciences Research Council (EPSRC), the Government of India’s Department of Science & Technology (DST) and industrial partners in both countries.

The funding announcement came after months of hard work leading up to a joint panel meeting of UK and Indian scientific experts, co-ordinated by Research Councils UK (RCUK) India, a representative office for EPSRC in India.

On behalf of EPSRC, RCUK India has been working with DST, since the start of the first phase of this collaborative project in 2009. This latest funding will allow the Centre to focus its efforts on developing low-cost solutions for rural access to broadband, improved use of available spectrum as well as applications for rural health monitoring, emergency and disaster communications, social TV-Virtual Classrooms and other services.

Professor Parr, who is based in the School of Computing and Information Engineering in the Faculty of Computing and Engineering at Ulster’s Coleraine campus and Professor Ashok Jhunjhunwala from the Indian Institute of Technology, Madras are the UK and Indian principal investigators for this major joint research initiative, the ultimate aim of which is to develop solutions that will benefit the lives of millions of users in the future Digital Economy.

Welcoming the funding success Professor Parr said: “I am delighted that EPSRC and DST have given our team the opportunity to further develop our plans and focus our efforts in order to derive maximum impact and benefit from our research activities.

“This is a very significan initiative representing over £20 million of investment from government, industry and academic partners in both countries for both phases.  We intend to work closely with our funders and industry to ensure we fully exploit the promise of technological advances in Next Generation Networks.  The IU-ATC represents an internationally renowned research and innovation eco-system which we intend to grow over the coming years.”

Ulster is the lead UK institution in a consortium of nine research-leading UK universities including the University of Surrey, Lancaster University, Queen Mary, University of London, Southampton University, University of St Andrews, University College London, University of Bristol, and the University of Cambridge.

They are joined by seven top Institutes of Technology (IITs) in India: IIT Madras (Lead), IIT Delhi, IIT Mumbai, IIT Mandi, IIT Kanpur, IIT Hyderabad, and IISc Bangalore.

In recent years, Ulster academics have responded to the growing global demand for affordable and energy efficient broadband applications and services by researching new technologies to meet the needs of the emerging digital economy in the UK and India. Such solutions will also apply to other countries such as Brazil, China and the Middle East, said Professor Parr.

Announcing details of the funding boost at the high-level  India-UK Ministerial Science and Innovation Council, David Willetts said: “This £10 million investment will build on the UK’s excellent record of research collaboration with India. It will bring together leading universities and institutes from both countries to develop technological solutions to a range of important issues, from rural health to disaster response.”

Dr Liam Blackwell, Head of EPSRC’s ICT Theme said: “This next phase of the India-UK Advanced Technology Centre project is expected to contribute to leading edge international collaboration in ICT research which will benefit both countries and develop their capabilities.” The three high level research activity areas within the IU-ATC are:-

  • Applications and Services;
  • Core Network Systems and Protocols;
  • Heterogeneous Wireless Access Networks;

Each research area has a UK-India Chief Monitor that reports to an Executive Board. Additionally, a group of major ICT companies in both countries will collaborate with the consortium on the research agenda.

Lead UK industrial partner, BT Innovate and Design, is joined by Toshiba Research Laboratories Europe. In India there is direct engagement from companies such as Infosys, Wipro and Sasken together with SMEs.

The first phase of the joint research initiative started in June 2009 with £5 million funding from EPSRC-DST and £4.2 million co-funding from industry and academic partners in both countries.

During this phase methods and templates for collaboration, governance agreements and Intellectual Property Rights management frameworks have been adopted by EPSRC, the British Council and the Intellectual Property Office of the UK Government. Significant outputs have already been generated by the team in terms of scientific publications, technology demonstrators and patents.

For further information, please contact:

Patti Holly
Telephone: 028 71675511
Email: Patti Holly

source: http://www.news.ulster.ac.uk / University of Ulster / April 18th, 2012

Daimler sets up truck factory in TN

German auto maker Daimler AG has decided to consolidate its truck manufacturing operations in India. As part of the plan, it will shift the production of Actros from Pune to Oragadam in Tamil Nadu.

The company launched the facility in Oragadam on Wednesday. It will manufacture the BharatBenz trucks and all commercial vehicles there.

The Rs 4,400-crore facility will have an initial capacity of 36,000 units, including 24,000 units for heavy duty trucks and 12,000 for light duty trucks under the BharatBenz brand.

The capacity could be raised to 70,000 units per annum, said Dieter Zetsche, chairman of the board of management of Daimler AG and head of Mercedes-Benz cars. The facility is spread over 400 acres.

Zetsche said India was not just emerging, but thriving. The exceptional role of the economy was a matter of fact — not next decade, not next year, but today. “If India’s economy were in Mercedes, it would have to be an SLS AMG super sports car.

“If you don’t make it here, you won’t make it at all. Because a strong position in the global market requires a strong position in India and at Daimler, we always go for the leading position in our industry. That’s why India will play an increasingly important role in our business”.

The company said it could join hands with the Renault-Nissan alliance for commercial vehicles in India, although there was no immediate plan.

Zetsche said, “Though we don’t have any plan now, we don’t rule out the possibility. Our partnership is not restricted to any region. It is possible to do something together in India as well”.

Daimler and Renault-Nissan build commercial vehicles together in Europe.

The Oragadam facility can roll out one heavy duty vehicle every 11 minutes and one light duty vehicle every 22 minutes. The new plant will make light and heavy duty trucks in the 7-49-tonne range and is meant for both domestic and international markets, including Asean and Africa.

“Our priority is the domestic market, once we address the domestic market, we will look at exports,” said Andres Renschler, member of the board of management at Daimler AG and head of Daimler Trucks and Daimler Buses.

The first of these trucks, used in construction, mining and on highways, will be rolled out in September, he added.

According to compay sources, the vehicles will have 85 per cent localisation. Besides assembling, the facility will also have a power train facility to cater to heavy duty trucks, with a capacity of 24,000 engines. For light duty vehciles, the engines will be manufactured at Pithampur in Madhya Pradesh.

A separate facility, within the Oragdam plant, will be created to manufacture the Actros trucks, which are high-end heavy duty trucks and the largest-selling truck model worldwide.

According to a Daimler India Commercial Vehicles (DICV) official, the company wants to have all truck manufacturing in one location while cars will be rolled out of the Pune plant.

DICV will also shift its research and development (R&D) team to the plant site though from a different location in Oragadam. Currently, the auto major employees around 1,000 people in its R&D unit.

The official said 85 per cent of the components were locally sourced.

source: http://www.Business-Standard.com / Home> Companies & Industry / by BS Reporter / Chennai, April 19th, 2012

DISH Launches Four South Indian Channels from SUN TV Network

Englewood, Colorado: 

DISH Network L.L.C. (NASDAQ: DISH), the nation’s third largest pay-TV provider announced the launch of four more South Indian channels from SUN TV Network. Adithya TV, Gemini Comedy, Kiran TV and SUN Music bolster DISH’s rank as the leader in international programming with more than 240 ethnic channels in 29 languages.

“We are a leader in delivering TV channels from across India to those in the U.S. seeking news, music and entertainment from their home country,” said Chris Kuelling, vice president of International Programming at DISH. “DISH currently offers 92 South Indian channels, and the launch of additional SUN TV Network programming shows our continued commitment to serve the South Indian community.”

With presence in more than 27 countries, SUN TV Network’s CEO K. Vijay Kumar said this partnership will allow the company to further expand its reach in the international market.

“Millions of people around the world watch SUN TV Network channels,” said Kumar. “DISH dominates the South Indian market in the U.S., and we are thrilled to have the opportunity to bring our content to an even wider audience.”

Channel descriptions and DISH programming package availability are listed below.

Adithya TV: A Tamil channel with a lineup of rib-tickling comedy and call-in music request shows. Popular programs include “Anandam Anandame,” “Konjam Kapi Niraya Comedy,” “Kalakkal Comedy,” “Sarigama Padhani,” “Vaanga Sirikkalam,” “Jokaddi,” “Comedy Galata,” “Adra Sakka,” “Vaivittu Siringa,” “Sirikka Sirikka Sirippu,” “Jillinu Oru kadi” and “Idhu Thanda Sirippu.” Adithya TV is available on channel 693 in DISH’s Tamil Mosaic Pack and SUN Pack.

Gemini Comedy: A Telugu channel tailored to tickle the funny bone, Gemini Comedy broadcasts a variety of Telugu movies and comedy series including “Comedy Talkies,” “Kita Kitalu,” “Smile Raja Smile (with Rani’s),” “Kevvu Comedy,” “Navvandehe,” “Havva Ente Navva,” “Fun Bomb” and “Appam Bappam.” Gemini Comedy is available on channel 591 in DISH’s Telugu Pack at no additional cost.

Kiran TV: A Malayalam music channel that features a variety of song sequences and films, such as “Kiran Morning,” “Kiran Wishes,” “Darling Darling,” “Ningalakku Areyamo” and “Kiran Classics.” Kiran TV is available on channel 593 in DISH’s Malayalam Mega Pack at no additional cost.

SUN Music: A dedicated Tamil music channel, SUN Music captures the essence of song-based sequences from a vast library of Tamil movies and features a variety of popular programming like “Hi Kutties,” “Anbe Anbe,” “Vaazhthalam Vaanga,” “Star Times,” “Ladies Choice” and “Yendrum Iniavai.” SUN Music is available on channel 692 in DISH’s Tamil Mosaic Pack and SUN Pack.

source: http://www.IndoAmerican-News.com / Entertainment / April 12th, 2012

Short URL: http://www.indoamerican-news.com/?p=6368

TN inching further to match State in software exports

Software exports from the state of Tamil Nadu to witness a growth of 17 per cent in 2011-12, by reporting around Rs 48,000 crore exports as compared to Rs 42,100 crore, a year ago. The industry added 60,000 people during the fiscal. While the industry is cheering up about the growth, representatives from the industry are also worried about infrastructure issue, mainly lack of electricity.

O Panneerselvam, minister for finance, Tamil Nadu said that the challenge before the government is to sustain this momentum and also to spur growth in untapped sectors like hardware development. Electronics Corporation of Tamil Nadu Limited (ELCOT), a state government promotional agency for IT industries, has promoted special economic zones called ELCOSEZ at Chennai, Trichy, Coimbatore, Madurai, Thirunelvei, Salem and Hosur. “We will take all steps to attract entrepreneurs to occupy the available space in ELCOSEZs and in the IT parks at Trichy, Madurai and Thirunelvei. We also proposed to have incubation and training centres exclusively for small and medium industries in such spaces”.

The sector currently employs around 3,50,000 people, making it as second largest IT cluster in the country. While the industry is cheering up the growth, the major challenge is power cut which is around four hours in a day in Chennai, and 6-12 hours in smaller cities and towns and there is also a compulsory power holiday on Tuesdays and Sundays. Industry sources says this means companies have to incur additional cost for power, due to the usage of generators.

“While cost of the power from the grid is around Rs 4 a unit, now the companies have to shell out Rs 13-15 per unit since we have to use diesel generators,” said a senior administration manager from one of the top IT companies.

K Purushothaman, regional director, NASSCOM says “its real pain in running our process day in and day out which is a 24ô7 working industry. There are 312 hrs of power cuts in a month,” he added.

source: http://www.Business-Standard.com / Home> Economy & Policy / by BS Reporter / Chennai, April 06th, 2012

Buy sugarcane in powder form, enjoy juice at leisure

Coimbatore:

There’s good news for those who crave for sugarcane juice, but don’t want to have it from roadside shacks with suspect hygiene standards. Coimbatore-based Sugarcane Breeding Institute has developed a technology to make sugarcane powder. Mix the powder with cold water, you have sugarcane juice.

“Sugarcane powder would look like milk powder and it can be used to quench thirst,” says K Sivaraman, a principal scientist at the Institute. “The powder can be produced by a slight modification in the machines used to make milk powder. It can be mixed with water, the same way milk powder is mixed with water. Sugarcane juice is ‘spray dried’ to make sugarcane powder,” he said.

Spray drying is a complex process used to turn liquid food particles into solid form. Milk powder is made using this process. Sugarcane juice though popular has a short shelf-life. Due to the high content of sugar, the juice gets spoilt in six hours. K Hari, the principal investigator on the project, said the sugarcane powder would solve this problem. “It would solve the problem of storage of sugarcane juice. And, the juice could be available in various flavours like lemon, ginger etc,” said Hari.

The powder could also be used as a substitute for sugar. “Use of white sugar is not a healthy option. But the powder extracted from sugarcane retains the mineral content in almost the same way as it is present in sugarcane juice. This can be even used as a substitute to sugar in food or even in ayurvedic medicines. The flavour will be different, but is a healthy option,” Hari added.

Sivaraman said the powder would be introduced in the market soon. “A Gujarat entrepreneur has bought the technology. They are contemplating about various products and flavours, which could be developed from this. However, others interested in the product could approach the institute as we do not sell the rights exclusively for any single party,” he said.

Coimbatore-based Sugarcane Breeding Institute has developed a technology to make sugarcane powder. Mix the powder with cold water, you have sugarcane juice.

source: http://www.articles.timesofindia.indiatimes.com / Home> City> Coimbatore / by Arun P Mathew / TNN / April 03rd, 2012