New Delhi: The India Show to be held on August 3-5, 2012, is being organised in Colombo, Sri Lanka. The Show considered to be “land of limitless opportunities” with participation of about 100 Indian companies, will be attended by Mr Anand Sharma, the Union Minister for Commerce and Industry, as per an official.
The event is being organised by the Confederation of Indian Industry (CII) with the support of Ministry of Commerce & Industry, Government of India, India Brand Equity Foundation (IBEF), High Commission of India and the Ceylon Chamber of Commerce, Colombo.
The India Show aims to promote Indian technology and services, and is a platform for Indian companies to showcase their excellence, and to promote Indian investments in Sri Lanka. The exhibition will be followed by a business conference. The bilateral trade between the two countries grew by 65 per cent in 2011 to reach US$ 5 billion.
Automotive, engineering, food & beverage, handicrafts, science and technology, service sectors, telecom, petroleum and natural gas, are some of the key sectors to be represented in the event.
Success in my Habit
Sunday, July 29, 2012
Yamaha plans to use India as key global hub
Mr Hiroyuki Suzuki, CEO & Managing Director, India Yamaha Motor, told Business Line that while high-end models could be exported to the Asean region and Japan, low-cost models would be the best bet for emerging nations such as Africa. The idea is to optimise the robust ancillary supplier base here which offers the best in quality and a competitive costing structure.
For the moment, Yamaha has little going for it in India from the viewpoint of market share, but Mr Suzuki said all this was set to change during the course of this decade. The company will focus on gearless scooters as part of its strategy to clock volumes, while 150cc plus motorcycles will contribute to the brand-building effort.
“The scooter market is growing very fast in India and we would like to be part of this segment with the Yamaha DNA. We will focus on young women riders initially (with the Ray) before looking at other user categories,” Mr Suzuki said.
Force to reckon with
While it is still in the process of putting its India house in order, Yamaha has been a force to reckon with in Indonesia, Thailand and Vietnam where it wrapped up last year at 4.6 million units. India’s volumes were more modest at a little over five lakh units of which exports took up a third.
The company has targeted 6.4 lakh two-wheelers this calendar where exports will account for 1.9 lakh units. The one-million-mark has been set for 2015 by which time exports will account for 20 per cent (largely to Latin America and Asia). This component is gradually expected to increase post-2015 as Yamaha will focus on producing more in India for exports to Asean and Africa.
According to Mr Suzuki, India’s ranking in the Yamaha map will climb rapidly in the coming years from its present modest standing. This will go in line with its growing importance as a global production hub which may well see the country overtake traditionally strong Yamaha markets in the Asean region. Incidentally, this is also true for Honda which believes India will become its largest two-wheeler market (ahead of Indonesia and Vietnam) from 2015-16.
Procurement base
Yamaha will also use India as one of its four regional procurement bases to source parts for its global two-wheeler operations, the others being Japan, China and Asean. Its home base, Japan, will focus on technologies, while the global operations (primarily its Asean integrated development centres) will become more proactive in product development. India will join this list in good time as an intensely competitive market will require more local R&D efforts.
Venus Remedies gets third US patent
The patent provides an exclusivity period until May 2027. In addition to this new patent grant, the drug is protected by a number of other patents from across the globe including Australia, New Zealand, South Korea, South Africa and Ukraine.
The new drug is an antibiotic adjuvant entity and is considered effective in case of hospital acquired pneumoniae and febrile neutropenia infections, ouinolones or aminoglycoside resistant cases.
“We see this patent grant as recognition of the capability of not only our company but Indian pharmaceutical industry as a whole in the field of pharmaceutical research. We have already initiated for strategic tie-ups with global pharma giants,’’ said Dr Mufti Suhail Sayeed, Vice President-Venus Medical Research Centre, Venus Remedies.
Infections caused by resistant micro-organisms often fail to respond to conventional treatment, resulting in prolonged illness and greater risk of death. The drug aims to halt the development of bacterial resistance as also its spread.
The company has already been marketing the drug in India and few of the emerging markets around the globe. The product is growing with a CAGR of 50 per cent since the past three years. The company plans to have a pre-IND meeting with the US FDA for fast track approval of the product.
Japanese firms keen on Indian power sector
Hydeabad: Japanese power equipment companies and lenders are keen to work with Indian companies in all spheres of the power sector, according to a senior official from the Japanese Ministry of Economy.
Mr. Tsuneyuki "Hiro" Ito, Deputy Director in Ministry of Economy, Trade and Industry, Japan, said that there is considerable technological and engineering capability that the Japanese companies such as Toshiba, Hitachi and Mitsubishi can offer to Indian companies in the power sector.
Mr. Ito, who was in Hyderabad to speak at the power plant summit, told Business Line that lenders such as Japan International Cooperation Agency and several Japanese banks are keen to take part in some of the power projects being taken up and under implementation directly or through companies.
Already some of the Japanese companies have partnered with Indian companies such as construction major L&T and JSW for power plant equipment and they have managed to bag local orders in the areas of supercritical technology products.
"This engagement will only get stronger as some of the Japanese companies are keen to work in the entire chain of power right from equipment supplies, maintenance, and also refurbishing old plants an upgrading them," he said.
Refraining to comment on quantum of investments or the orders some of these companies are currently working on, he said that the engagement is getting stronger and given the market potential this could help engage more such Japanese companies.
Mr. Tsuneyuki "Hiro" Ito, Deputy Director in Ministry of Economy, Trade and Industry, Japan, said that there is considerable technological and engineering capability that the Japanese companies such as Toshiba, Hitachi and Mitsubishi can offer to Indian companies in the power sector.
Mr. Ito, who was in Hyderabad to speak at the power plant summit, told Business Line that lenders such as Japan International Cooperation Agency and several Japanese banks are keen to take part in some of the power projects being taken up and under implementation directly or through companies.
Already some of the Japanese companies have partnered with Indian companies such as construction major L&T and JSW for power plant equipment and they have managed to bag local orders in the areas of supercritical technology products.
"This engagement will only get stronger as some of the Japanese companies are keen to work in the entire chain of power right from equipment supplies, maintenance, and also refurbishing old plants an upgrading them," he said.
Refraining to comment on quantum of investments or the orders some of these companies are currently working on, he said that the engagement is getting stronger and given the market potential this could help engage more such Japanese companies.
Friday, July 27, 2012
FMCG companies raise ad spends in Q1
Chennai: Going by the reported numbers of three companies—Dabur, Colgate and Hindustan UniLever—it is clear that FMCG companies are increasing their ad spends.
The combined ad spend of these three companies has increased by 33.6 per cent.
These companies have been introducing new products into the market and obviously have felt a need to support them with ads and promos.
For instance, Hindustan Unilever has launched products like Axe soap bar, Fair and Lovely advanced multi vitamin, Pepsodent mouthwashes, Vaseline moisture therapy heel cream and Pureit Advanced.
Colgate has brought in a battery toothbrush and a new toothbrush called Max Fresh. Dabur has a huge range of products in healthcare and home care—from toothpastes to fruit juices and nutrition supplements.
Analysts say that most of the ads have gone to the electronic media. “FMCG contributes more than half to TV advertising but only 9% to print advertising. This is the reason why even though the FMCG companies are increasing their ad spends, the print players are faring badly in terms of ad revenue growth,” says Edelweiss Research in a report on ZEE TV’s performance.
The combined ad spend of these three companies has increased by 33.6 per cent.
These companies have been introducing new products into the market and obviously have felt a need to support them with ads and promos.
For instance, Hindustan Unilever has launched products like Axe soap bar, Fair and Lovely advanced multi vitamin, Pepsodent mouthwashes, Vaseline moisture therapy heel cream and Pureit Advanced.
Colgate has brought in a battery toothbrush and a new toothbrush called Max Fresh. Dabur has a huge range of products in healthcare and home care—from toothpastes to fruit juices and nutrition supplements.
Analysts say that most of the ads have gone to the electronic media. “FMCG contributes more than half to TV advertising but only 9% to print advertising. This is the reason why even though the FMCG companies are increasing their ad spends, the print players are faring badly in terms of ad revenue growth,” says Edelweiss Research in a report on ZEE TV’s performance.
FMCG companies raise ad spends in Q1
Chennai: Going by the reported numbers of three companies—Dabur, Colgate and Hindustan UniLever—it is clear that FMCG companies are increasing their ad spends.
The combined ad spend of these three companies has increased by 33.6 per cent.
These companies have been introducing new products into the market and obviously have felt a need to support them with ads and promos.
For instance, Hindustan Unilever has launched products like Axe soap bar, Fair and Lovely advanced multi vitamin, Pepsodent mouthwashes, Vaseline moisture therapy heel cream and Pureit Advanced.
Colgate has brought in a battery toothbrush and a new toothbrush called Max Fresh. Dabur has a huge range of products in healthcare and home care—from toothpastes to fruit juices and nutrition supplements.
Analysts say that most of the ads have gone to the electronic media. “FMCG contributes more than half to TV advertising but only 9% to print advertising. This is the reason why even though the FMCG companies are increasing their ad spends, the print players are faring badly in terms of ad revenue growth,” says Edelweiss Research in a report on ZEE TV’s performance.
The combined ad spend of these three companies has increased by 33.6 per cent.
These companies have been introducing new products into the market and obviously have felt a need to support them with ads and promos.
For instance, Hindustan Unilever has launched products like Axe soap bar, Fair and Lovely advanced multi vitamin, Pepsodent mouthwashes, Vaseline moisture therapy heel cream and Pureit Advanced.
Colgate has brought in a battery toothbrush and a new toothbrush called Max Fresh. Dabur has a huge range of products in healthcare and home care—from toothpastes to fruit juices and nutrition supplements.
Analysts say that most of the ads have gone to the electronic media. “FMCG contributes more than half to TV advertising but only 9% to print advertising. This is the reason why even though the FMCG companies are increasing their ad spends, the print players are faring badly in terms of ad revenue growth,” says Edelweiss Research in a report on ZEE TV’s performance.
BHEL commissions 5 Mw solar power plant
Chennai/ Bangalore: Bharat Heavy Electricals Ltd (BHEL) has commissioned a 5-Mw grid-connected solar power plant at Shivasamudram near Mandya. This is the single largest solar photovoltaic (PV) power plant in Karnataka.
The plant has been set up by BHEL for the state-owned power producer, Karnataka Power Corporation Limited (KPCL), at a cost of Rs 62 crore.
With the commissioning of this unit, the company has set a new record in its solar PV business in a single year, by commissioning 15 Mw of solar power plants in various parts of the country during fiscal 2011-12, marking a significant contribution to the nation’s green initiatives.
For the Shivasamudram project, BHEL’s scope of work included design, manufacture, supply, erection and commissioning of the solar power plant. In addition, BHEL will also operate and maintain the solar power plant for a period of three years.
The solar power plant is operating satisfactorily since synchronising with the main grid and DC power generated by the solar panels is converted into AC by inverters and fed into a 66 kV grid through transformers. Crystalline silicon photovoltaic (C-SI PV) technology has been used for the solar power plant, which is well-proven and has the longest operational experience across the world.
The power plant consists of arrays of photovoltaic panels made of crystalline silicon solar cells that absorb sunlight and convert it into electricity that will be fed into the main grid.
Backed by a vast experience and expertise of nearly three decades in Power Electronics & System integration, BHEL is a leading player in the field of solar photovoltaics, from Solar Cells to System Integration of SPV power plants in India.
The SPV modules are manufactured at its ultra-modern manufacturing facility located at Bangalore. An R&D unit, located in Gurgaon, supports the operations in semi-conductors and solar photovoltaics.
In line with the rapid growth in this field, BHEL is planning to augment its manufacturing facility for Solar PV Modules during the current fiscal. The company’s PV modules are certified to international standards by accredited agencies.
Starting from small applications like solar powered street lighting, rural water pumping systems, railway signaling, offshore drilling platforms, among others, BHEL has supplied and commissioned large size stand-alone as well as grid-interactive solar power plants in a number of cities and remote areas of the country.
The company’s SPV plants have enabled the people of Lakshadweep, Sagar Islands of West Bengal, Andaman & Nicobar Islands, tribal areas of Chhattisgarh, Jharkhand among others to vastly improve their quality of life.
The plant has been set up by BHEL for the state-owned power producer, Karnataka Power Corporation Limited (KPCL), at a cost of Rs 62 crore.
With the commissioning of this unit, the company has set a new record in its solar PV business in a single year, by commissioning 15 Mw of solar power plants in various parts of the country during fiscal 2011-12, marking a significant contribution to the nation’s green initiatives.
For the Shivasamudram project, BHEL’s scope of work included design, manufacture, supply, erection and commissioning of the solar power plant. In addition, BHEL will also operate and maintain the solar power plant for a period of three years.
The solar power plant is operating satisfactorily since synchronising with the main grid and DC power generated by the solar panels is converted into AC by inverters and fed into a 66 kV grid through transformers. Crystalline silicon photovoltaic (C-SI PV) technology has been used for the solar power plant, which is well-proven and has the longest operational experience across the world.
The power plant consists of arrays of photovoltaic panels made of crystalline silicon solar cells that absorb sunlight and convert it into electricity that will be fed into the main grid.
Backed by a vast experience and expertise of nearly three decades in Power Electronics & System integration, BHEL is a leading player in the field of solar photovoltaics, from Solar Cells to System Integration of SPV power plants in India.
The SPV modules are manufactured at its ultra-modern manufacturing facility located at Bangalore. An R&D unit, located in Gurgaon, supports the operations in semi-conductors and solar photovoltaics.
In line with the rapid growth in this field, BHEL is planning to augment its manufacturing facility for Solar PV Modules during the current fiscal. The company’s PV modules are certified to international standards by accredited agencies.
Starting from small applications like solar powered street lighting, rural water pumping systems, railway signaling, offshore drilling platforms, among others, BHEL has supplied and commissioned large size stand-alone as well as grid-interactive solar power plants in a number of cities and remote areas of the country.
The company’s SPV plants have enabled the people of Lakshadweep, Sagar Islands of West Bengal, Andaman & Nicobar Islands, tribal areas of Chhattisgarh, Jharkhand among others to vastly improve their quality of life.
Teva, P&G form JV to set up manufacturing facility in Gujarat
New Delhi: The US-based Procter & Gamble (P&G) and Israel's Teva Pharmaceutical Industries plan to enter India through a joint venture (JV) by setting up their first manufacturing facility at Sanand, Gujarat, with an initial investment of Rs 250 crore (US$ 44.67 million).
The manufacturing facility is planned on 15 acres and is proposed to have two separate lines, one for manufacturing Ayurvedic drugs and another for allopathic medicines. High-tech equipment and adhering to Good Manufacturing Practices (GMP) norms to make products both for Indian and overseas market will be used.
"TPI and P&G joint venture P&G Teva would set up over-the-counter (OTC) drug manufacturing facility at Sanand with an initial investment of US$ 44.67 million," according to H G Kohsia, Commissioner, Food and Drug Control Administration (FDCA), Gujarat.
"The total proposed investment in Gujarat by the venture is around Rs 500 crore (US$ 89.37 million). It would initially hire 500 people, which could go up to 1,000," Kohsia added. In addition, the proposed facility at Sanand would have high-tech equipment and will adhere to Good Manufacturing Practices (GMP) norms to make products both for Indian and overseas market, Mr Koshia said.
A memorandum of understanding (MoU) will be signed with the State Government during the Vibrant Gujarat Global Summit-2013 scheduled in January 2013. NYSE-listed Teva is the top generic pharma company with presence in 60 countries.
The manufacturing facility is planned on 15 acres and is proposed to have two separate lines, one for manufacturing Ayurvedic drugs and another for allopathic medicines. High-tech equipment and adhering to Good Manufacturing Practices (GMP) norms to make products both for Indian and overseas market will be used.
"TPI and P&G joint venture P&G Teva would set up over-the-counter (OTC) drug manufacturing facility at Sanand with an initial investment of US$ 44.67 million," according to H G Kohsia, Commissioner, Food and Drug Control Administration (FDCA), Gujarat.
"The total proposed investment in Gujarat by the venture is around Rs 500 crore (US$ 89.37 million). It would initially hire 500 people, which could go up to 1,000," Kohsia added. In addition, the proposed facility at Sanand would have high-tech equipment and will adhere to Good Manufacturing Practices (GMP) norms to make products both for Indian and overseas market, Mr Koshia said.
A memorandum of understanding (MoU) will be signed with the State Government during the Vibrant Gujarat Global Summit-2013 scheduled in January 2013. NYSE-listed Teva is the top generic pharma company with presence in 60 countries.
Hero MotoCorp to invest Rs 160 crore in the Global Parts Centre in Rajasthan
To be set up with an investment of Rs 160 crore, the Global Part Centre will be spread across 35 acres, said Pawan Munjal, MD & CEO, Hero MotoCorp at the company's Global Supply Chain Partners Conference 2012 in St. Petersburg, Russia.
Over 125 top component supplier of Hero MotoCorp from India, China, Thailand, Japan and Europe participated in the three day global conference held in Russia.
The Global Parts Centre is expected to be operational by Q3 of FY-14 and will initially employ 400 personnel. The state-of-the-art GPC will have automated storage and retrieval system, automated packaging and sorting system, on-line tracking of parts through Warehouse Management System (WMS), lean manufacturing systems and most importantly, the Green Building Concept, said the company in a statement.
"The highly-mechanised, technologically-superior GPC will be a new industry benchmark once it becomes fully-operational," Munjal said.
The company also informed its supply chain partners that it will set up the fifth plant at Halol in the western India state of Gujarat, in addition to the fourth plant at Neemrana in Rajasthan.
The proposed Global Parts Centre comes close on the heels of HMCL recently announcing an investment of over Rs 2500 crore in setting up two new plants, expanding capacity at existing plants and in building an integrated R&D centre (at Kukas in Rajasthan). With this expansion, total installed capacity of the company would be touching more than nine million units in two years' time - which is in line with the stated objective of reaching 10 million units in the next five years.
The proposed new state-of-the-art integrated R&D centre at Kukas will be set-up over an area of 250-acre and the centre will be the largest two-wheeler R&D set-up in the country, and will employ over 500 engineers.
India Inc keen on Special Economic Zone space in Bangladesh
Confederation of Indian Industry (CII) president Adi Godrej led a delegation of 15 CEOs to Dhaka this week, where meetings were held with Bangladesh's ministers for industry, finance and foreign affairs as well as its central bank governor and industry chambers.
"We have suggested that Bangladesh set up an SEZ for Indian firms that see a big scope for investments in the country across sectors such as oil and gas, infrastructure, consumer and agricultural goods. This could help tap the true potential of bilateral trade and investment flows," Godjrej told ET.
While Bangladesh has responded positively to the idea, most officials and industry leaders that met the Indian delegation expressed unhappiness at India's inability to seal the proposed bilateral Teesta river water-sharing treaty. Godrej assured Dhaka that the industry body would take up the issue with the Indian government.
To help deal with operational issues that arise in Indo-Bangladesh trade and investments, the CII has decided to open a permanent office in Dhaka and put in place an India-Bangladesh CEOs' forum. Similar industry interaction frameworks have been put in place by India with CEOs from the United States, United Kingdom and Africa.
India also raised problems faced by its companies on Bangladeshi soil with regards to remittance and repatriation of income.
"There are practical issues with the repatriation of income from Bangladesh and remitting salaries to Indian executives working there," Godrej said.
"The country's central bank has promised to look into resolving them positively," he said.Bangladesh expressed concerns about the trade imbalance it faces with India and said that non-tariff barriers imposed by India were restricting its opportunities for exports.
"India has already allowed zero-duty imports for Bangladesh's products. We will request the government to review some of the non-tariff barriers cited by Dhaka," Godrej said.
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