Mumbai: Noida Software Technology Park Limited (NSTPL), along with Motorola, Intelsat and KIT digital, today announced the launch of India's First Direct To Network (DTN) cable service - JAINHITS.
JAINHITS will mobilise the investment of over Rs 1500 crore over the period of five years in the Headend In The Sky (HITS) platform, with strategic support from its partners to deliver affordable digital service to existing cable operators and MSOs and help them meet the Government's National Digitization Mandate. Motorola is the end to end technology partner, KIT digital is the solution architect and managed services partner, and Intelsat is the satellite provider for the JAINHITS service.
JAINHITS service will be available pan India to cable operators and MSOs by November 2012. HITS is a satellite-based platform for distribution of digital TV signals to cable operators. In the first phase, JAINHITS will offer 200 standard definition and high definition service; HBB TV (Interactive TV) and broadband. In the second phase, it will be scaled to offer 500 channels including 30 HD channels and value added services for e-commerce, education, healthcare, financial services, gaming, and on-demand content etc. Within one year of launch, the platform will evolve into a multi-screen service.
Dr JK Jain, Chairman, Jain TV Group said, '---instead of investing our energies and money in building multiple digital headends, Cable Operators should join hands towards creating the HITS partnership into a Federation of Cable Operators that will jointly create India's unique new generation network to carry entertainment, education and information across the length and breadth of India"" .
Commenting on the launch, Ankur Jain, Managing Director, JAINHITS, said, "Today, there are about 7 DTH operators, 60,000 Cable Operators and about 6000 Headend operators who connect over 120 million TV Homes. JAINHITS will be the only national cable platform that can help achieve digitization within stipulated deadline. With JAINHITS the national digitization infrastructure expenditure on network can reduce from Rs 30,000 crore to 1,500 crore. We will be operating the latest technology in DVB S2 MPEG 4 quality over satellite followed by DVBC transmission for cable. These technologies are more suited for broadcast than IPTV and DTH as they are weather proof, capacity efficient and can run 1000 channels unlike DTH and IPTV."
Kevin Keefe, VP & GM-Sales, Asia Pacific - Motorola Mobility said, "It is an interesting time in India as the country gears up to have digital cable revolution. As the global leader, we are excited to be part of this revolution and bring in all our experience in making sure the Indian consumers get the best TV viewing experience there is anywhere in the world."
NSTPL has signed a multi-year, multi-transponder agreement for C-band capacity on Intelsat 902 at 62 degree East. The company plans to use the capacity to create a white label, turnkey channel package (JAINHITS) that can be received and distributed by multiple system and local cable operators throughout the country. Stephane Thibault, Managing Sales Director, Media Services, Asia - Intelsat, said, "India has a flourishing cable distribution market and millions of people in India watch TV via cable. With cable going digital soon in the country it makes sense to implement HITS technology. Intelsat's satellites and video services enable new and innovative platforms that can efficiently reach consumers in regions of the world such as India."
NSTPL is a Satellite Communication Operator. NSTPL is a B2B video and data service operator. Its services portfolio includes TV Uplink, Down linking of International Channels, Video and Data engineering services, Digital Satellite News Gathering (DSNG) & Broadband services. The company is an existing profit making closely held company.
Success in my Habit
Saturday, September 1, 2012
NSTPL launches country's first DTN cable service
Mumbai: Noida Software Technology Park Limited (NSTPL), along with Motorola, Intelsat and KIT digital, today announced the launch of India's First Direct To Network (DTN) cable service - JAINHITS.
JAINHITS will mobilise the investment of over Rs 1500 crore over the period of five years in the Headend In The Sky (HITS) platform, with strategic support from its partners to deliver affordable digital service to existing cable operators and MSOs and help them meet the Government's National Digitization Mandate. Motorola is the end to end technology partner, KIT digital is the solution architect and managed services partner, and Intelsat is the satellite provider for the JAINHITS service.
JAINHITS service will be available pan India to cable operators and MSOs by November 2012. HITS is a satellite-based platform for distribution of digital TV signals to cable operators. In the first phase, JAINHITS will offer 200 standard definition and high definition service; HBB TV (Interactive TV) and broadband. In the second phase, it will be scaled to offer 500 channels including 30 HD channels and value added services for e-commerce, education, healthcare, financial services, gaming, and on-demand content etc. Within one year of launch, the platform will evolve into a multi-screen service.
Dr JK Jain, Chairman, Jain TV Group said, '---instead of investing our energies and money in building multiple digital headends, Cable Operators should join hands towards creating the HITS partnership into a Federation of Cable Operators that will jointly create India's unique new generation network to carry entertainment, education and information across the length and breadth of India"" .
Commenting on the launch, Ankur Jain, Managing Director, JAINHITS, said, "Today, there are about 7 DTH operators, 60,000 Cable Operators and about 6000 Headend operators who connect over 120 million TV Homes. JAINHITS will be the only national cable platform that can help achieve digitization within stipulated deadline. With JAINHITS the national digitization infrastructure expenditure on network can reduce from Rs 30,000 crore to 1,500 crore. We will be operating the latest technology in DVB S2 MPEG 4 quality over satellite followed by DVBC transmission for cable. These technologies are more suited for broadcast than IPTV and DTH as they are weather proof, capacity efficient and can run 1000 channels unlike DTH and IPTV."
Kevin Keefe, VP & GM-Sales, Asia Pacific - Motorola Mobility said, "It is an interesting time in India as the country gears up to have digital cable revolution. As the global leader, we are excited to be part of this revolution and bring in all our experience in making sure the Indian consumers get the best TV viewing experience there is anywhere in the world."
NSTPL has signed a multi-year, multi-transponder agreement for C-band capacity on Intelsat 902 at 62 degree East. The company plans to use the capacity to create a white label, turnkey channel package (JAINHITS) that can be received and distributed by multiple system and local cable operators throughout the country. Stephane Thibault, Managing Sales Director, Media Services, Asia - Intelsat, said, "India has a flourishing cable distribution market and millions of people in India watch TV via cable. With cable going digital soon in the country it makes sense to implement HITS technology. Intelsat's satellites and video services enable new and innovative platforms that can efficiently reach consumers in regions of the world such as India."
NSTPL is a Satellite Communication Operator. NSTPL is a B2B video and data service operator. Its services portfolio includes TV Uplink, Down linking of International Channels, Video and Data engineering services, Digital Satellite News Gathering (DSNG) & Broadband services. The company is an existing profit making closely held company.
JAINHITS will mobilise the investment of over Rs 1500 crore over the period of five years in the Headend In The Sky (HITS) platform, with strategic support from its partners to deliver affordable digital service to existing cable operators and MSOs and help them meet the Government's National Digitization Mandate. Motorola is the end to end technology partner, KIT digital is the solution architect and managed services partner, and Intelsat is the satellite provider for the JAINHITS service.
JAINHITS service will be available pan India to cable operators and MSOs by November 2012. HITS is a satellite-based platform for distribution of digital TV signals to cable operators. In the first phase, JAINHITS will offer 200 standard definition and high definition service; HBB TV (Interactive TV) and broadband. In the second phase, it will be scaled to offer 500 channels including 30 HD channels and value added services for e-commerce, education, healthcare, financial services, gaming, and on-demand content etc. Within one year of launch, the platform will evolve into a multi-screen service.
Dr JK Jain, Chairman, Jain TV Group said, '---instead of investing our energies and money in building multiple digital headends, Cable Operators should join hands towards creating the HITS partnership into a Federation of Cable Operators that will jointly create India's unique new generation network to carry entertainment, education and information across the length and breadth of India"" .
Commenting on the launch, Ankur Jain, Managing Director, JAINHITS, said, "Today, there are about 7 DTH operators, 60,000 Cable Operators and about 6000 Headend operators who connect over 120 million TV Homes. JAINHITS will be the only national cable platform that can help achieve digitization within stipulated deadline. With JAINHITS the national digitization infrastructure expenditure on network can reduce from Rs 30,000 crore to 1,500 crore. We will be operating the latest technology in DVB S2 MPEG 4 quality over satellite followed by DVBC transmission for cable. These technologies are more suited for broadcast than IPTV and DTH as they are weather proof, capacity efficient and can run 1000 channels unlike DTH and IPTV."
Kevin Keefe, VP & GM-Sales, Asia Pacific - Motorola Mobility said, "It is an interesting time in India as the country gears up to have digital cable revolution. As the global leader, we are excited to be part of this revolution and bring in all our experience in making sure the Indian consumers get the best TV viewing experience there is anywhere in the world."
NSTPL has signed a multi-year, multi-transponder agreement for C-band capacity on Intelsat 902 at 62 degree East. The company plans to use the capacity to create a white label, turnkey channel package (JAINHITS) that can be received and distributed by multiple system and local cable operators throughout the country. Stephane Thibault, Managing Sales Director, Media Services, Asia - Intelsat, said, "India has a flourishing cable distribution market and millions of people in India watch TV via cable. With cable going digital soon in the country it makes sense to implement HITS technology. Intelsat's satellites and video services enable new and innovative platforms that can efficiently reach consumers in regions of the world such as India."
NSTPL is a Satellite Communication Operator. NSTPL is a B2B video and data service operator. Its services portfolio includes TV Uplink, Down linking of International Channels, Video and Data engineering services, Digital Satellite News Gathering (DSNG) & Broadband services. The company is an existing profit making closely held company.
Piramal invests in German molecular imaging technology
Mumbai: Indian healthcare major Piramal, which had taken over Bayer HealthCare’s molecular-imaging pipeline, has been investing in German molecular imaging technology.
With the Indian major of the belief that the future of medicine is set to be personalised medicine, the global deal inked in April this year is set to help in the early detection of Alzheimers.
Piramal Enterprises sees revenue potential of $1.5 billion from its florbetaben molecule. Piramal had taken over the pipeline from the German company and has since then been continuing research and development work on the acquired PET (Positron Emission Tomography) which is a nuclear medicine imaging technique at its labs in Berlin.
At a press briefing, Ajay Piramal, Chairman of the Piramal Group commented on the strategy, “Molecular imaging is one of the key technologies paving the way for individualised medicine. Our acquisition of a powerful pipeline in this field is an important milestone on the road to an innovative pharmaceutical portfolio.”
Florbetaben, Piramal’s most advanced PET tracer, enables the detection of beta-amyloid deposits in the brain.
“A phase III study to test the reliability of florbetaben in the histopathological detection of beta-amyloid has been successfully completed. Submission of the dossier for drug approval by the US Food and Drug Administration and the European Medicines Agency is expected later in 2012.
“In addition, Piramal Imaging is working on other PET tracers for various medical indications,” said Swati Piramal, Vice-Chairperson of Piramal Enterprises.
Christoph von Knobelsdorff, Permanent Secretary at the Berlin Senate’s Department of Economics, Technology and Research, said Piramal Imaging’s decision to come to Berlin was a real gain for the city
With the Indian major of the belief that the future of medicine is set to be personalised medicine, the global deal inked in April this year is set to help in the early detection of Alzheimers.
Piramal Enterprises sees revenue potential of $1.5 billion from its florbetaben molecule. Piramal had taken over the pipeline from the German company and has since then been continuing research and development work on the acquired PET (Positron Emission Tomography) which is a nuclear medicine imaging technique at its labs in Berlin.
At a press briefing, Ajay Piramal, Chairman of the Piramal Group commented on the strategy, “Molecular imaging is one of the key technologies paving the way for individualised medicine. Our acquisition of a powerful pipeline in this field is an important milestone on the road to an innovative pharmaceutical portfolio.”
Florbetaben, Piramal’s most advanced PET tracer, enables the detection of beta-amyloid deposits in the brain.
“A phase III study to test the reliability of florbetaben in the histopathological detection of beta-amyloid has been successfully completed. Submission of the dossier for drug approval by the US Food and Drug Administration and the European Medicines Agency is expected later in 2012.
“In addition, Piramal Imaging is working on other PET tracers for various medical indications,” said Swati Piramal, Vice-Chairperson of Piramal Enterprises.
Christoph von Knobelsdorff, Permanent Secretary at the Berlin Senate’s Department of Economics, Technology and Research, said Piramal Imaging’s decision to come to Berlin was a real gain for the city
Huawei to invest $150 million in Bangalore R&D centre
Bangalore: Chinese telecom equipment maker Huawei will invest $150 million in its research and development (R&D) centre coming up in Bangalore.
The centre, being built over one million sq feet can seat about 4,000 people, according to the company whose revenues were at $32 billion in 2011.
Huawei officials did not give out specific hiring plans, but said that they would pick up telecom engineers and networking specialists whenever there was a need. The development centre will cater to Huawei’s enterprise, telecom operators and cellphone business segments. Scott Sykes, Vice-President, Corporate Media Affairs, Huawei Technologies, told Business Line: “We see demand coming from 4G rollout in India, and the centre will work on our NextGen smartphone handsets.”
Last year, Huawei started making smartphones and, according to company officials, has sold 60 million smartphones till date. The India centre will work on technologies that can increase battery life in smartphones. This is because the battery life of most handsets in the market last not more than a day.
“We already have smartphones that come with two days of battery life and are looking to further reduce the form factor in a smartphone and provide better quality battery life and run on the latest networks.”
At the Mobile World Congress in Barcelona earlier this year, Huawei launched its slimmest smartphone at 6.68mm weighing about 110 gm.
The centre, being built over one million sq feet can seat about 4,000 people, according to the company whose revenues were at $32 billion in 2011.
Huawei officials did not give out specific hiring plans, but said that they would pick up telecom engineers and networking specialists whenever there was a need. The development centre will cater to Huawei’s enterprise, telecom operators and cellphone business segments. Scott Sykes, Vice-President, Corporate Media Affairs, Huawei Technologies, told Business Line: “We see demand coming from 4G rollout in India, and the centre will work on our NextGen smartphone handsets.”
Last year, Huawei started making smartphones and, according to company officials, has sold 60 million smartphones till date. The India centre will work on technologies that can increase battery life in smartphones. This is because the battery life of most handsets in the market last not more than a day.
“We already have smartphones that come with two days of battery life and are looking to further reduce the form factor in a smartphone and provide better quality battery life and run on the latest networks.”
At the Mobile World Congress in Barcelona earlier this year, Huawei launched its slimmest smartphone at 6.68mm weighing about 110 gm.
S. Africa seeks investments in agro-processing
Mumbai: South Africa has sought Indian investment for its flourishing food processing sector.
Speaking at a conference on “Challenges and Opportunities in agro sector in South Africa”, Deputy Minister of Department of Trade and Industry Elizabeth Thabethe said that the agro-processing sector offers opportunity for investment with the backing of the South African government through policy and various incentives. Undoubtedly, agro-food processing in South Africa is a sector that is not only open for new investments and the region, but one that is in fact viable, she said.
South Africa climatic condition is conducive for growing diversity of crops, livestock and fish. There were other sub sectors with investment potential too.
The establishment of preferential trade agreements such as the African Growth and Opportunity Act for the US market and a Free Trade Agreement (FTA) with the European Union, confer generous benefits for potential investors.
Bilateral Trade
Bilateral trade between India and South Africa has increased from $45 million in 1993 to $7 billion last year. Further, India ranks among the top 10 investing countries in South Africa, with investments estimated at over $6 billion to date. The challenge now lies in increasing the pace of growth and consolidating the gains being made, she said.
In a bid to strengthen the trade ties between India and South Africa various agreements including the General Trade Agreement, Cooperation on defense issues, SME development and Capacity building through the India Technical Cooperation Programme.
Speaking at a conference on “Challenges and Opportunities in agro sector in South Africa”, Deputy Minister of Department of Trade and Industry Elizabeth Thabethe said that the agro-processing sector offers opportunity for investment with the backing of the South African government through policy and various incentives. Undoubtedly, agro-food processing in South Africa is a sector that is not only open for new investments and the region, but one that is in fact viable, she said.
South Africa climatic condition is conducive for growing diversity of crops, livestock and fish. There were other sub sectors with investment potential too.
The establishment of preferential trade agreements such as the African Growth and Opportunity Act for the US market and a Free Trade Agreement (FTA) with the European Union, confer generous benefits for potential investors.
Bilateral Trade
Bilateral trade between India and South Africa has increased from $45 million in 1993 to $7 billion last year. Further, India ranks among the top 10 investing countries in South Africa, with investments estimated at over $6 billion to date. The challenge now lies in increasing the pace of growth and consolidating the gains being made, she said.
In a bid to strengthen the trade ties between India and South Africa various agreements including the General Trade Agreement, Cooperation on defense issues, SME development and Capacity building through the India Technical Cooperation Programme.
Thursday, August 30, 2012
Dempo Group acquires 74% stake in Modest Infrastructure, a shipyard venture in Gujarat
Ahmedabad: Goa based diversified Dempo group controlled Dempo Shipbuilding & Engineering announced to have acquired majority stake of 74% in Modest Infrastructure Ltd, a shipbuilding and ship repairs space in Bhavnagar, Gujarat. The group did not reveal the value of the deal.
Modest Infrastructure is the flagship company of Modest Group promoted by Bhavnagar based first generation entrepreneurs. A recent entrant in the private shipyard space, Modern Infrastructure has expertise to build sophisticated vessels such as product tankers, cement carriers, offshore supply and survey vessels of size up to 6000 dwt.
Apart from the existing Shipyard at Ramsar in Bhavnagar, Modern Infrastructure is in the process of developing a new shipyard at Ratanparwith capability of building and repairing ships up to 50000 dwt.
Dempo Shipbuilding has been engaged in shipbuilding and ship repairs for over four decades. It builds and repairs inland and seagoing vessels of size up to 3500 dwt.
"The acquisition of Modern Infrastructure is in line with the strategic vision of Dempo Group to expand this niche business of the group beyond the shores of Goa. With this acquisition, Dempo Shipbuilding will be able to cater to both international and domestic markets with bigger and technologically advanced vessels to become one of the most prominent shipbuilding organizations in India," read the statement by Dempo Group.
Commenting on the closure of the deal, group chairman Shrinivas Dempo said, "Considering future growth potential of shipbuilding and ship repairs in India, this is a positive development for Indian shipbuilding industry in general and for Dempo Group's shipbuilding business vertical in particular.
Dempo Group is aiming to achieve top line of about Rs 1500 crores in next 5 to 7 years." KPMG Corporate Finance acted as exclusive financial advisor to the Dempo Group whereas J. Sagar & Associates and Fortitude Law Associates were the legal advisors for the transaction.
Modest Infrastructure is the flagship company of Modest Group promoted by Bhavnagar based first generation entrepreneurs. A recent entrant in the private shipyard space, Modern Infrastructure has expertise to build sophisticated vessels such as product tankers, cement carriers, offshore supply and survey vessels of size up to 6000 dwt.
Apart from the existing Shipyard at Ramsar in Bhavnagar, Modern Infrastructure is in the process of developing a new shipyard at Ratanparwith capability of building and repairing ships up to 50000 dwt.
Dempo Shipbuilding has been engaged in shipbuilding and ship repairs for over four decades. It builds and repairs inland and seagoing vessels of size up to 3500 dwt.
"The acquisition of Modern Infrastructure is in line with the strategic vision of Dempo Group to expand this niche business of the group beyond the shores of Goa. With this acquisition, Dempo Shipbuilding will be able to cater to both international and domestic markets with bigger and technologically advanced vessels to become one of the most prominent shipbuilding organizations in India," read the statement by Dempo Group.
Commenting on the closure of the deal, group chairman Shrinivas Dempo said, "Considering future growth potential of shipbuilding and ship repairs in India, this is a positive development for Indian shipbuilding industry in general and for Dempo Group's shipbuilding business vertical in particular.
Dempo Group is aiming to achieve top line of about Rs 1500 crores in next 5 to 7 years." KPMG Corporate Finance acted as exclusive financial advisor to the Dempo Group whereas J. Sagar & Associates and Fortitude Law Associates were the legal advisors for the transaction.
Rural spending outpaces urban consumption
Mumbai: Rural spending outpaced urban consumption in the two years up to 2011-12, the first time in nearly 25 years, according to a study by Crisil Research. This, according to Crisil, was fuelled by a strong increase in incomes, led by rising non-farm employment opportunities and the government’s focus on rural employment generation schemes.
For India, a young population, rising income and low penetration of many consumer durables means that rural consumption has the potential to remain an important source of demand. To sustain this phenomenon, it is critical to substitute short-term income boosters such as government-sponsored employment guarantee schemes with durable job opportunities in rural areas, said the study.
Crisil said given the size of India’s rural population, the value of goods and services consumed has always been greater in rural India, but urban India had narrowed the differential during most of the last decade by growing at a faster pace. Between 2009-10 and 2011-12, additional spending by rural India was Rs 3,75,000 crore, significantly higher than Rs 2,99,400 crore by urbanites.
Between 2009-10 and 2011-12, rural consumption per person grew annually at 19 per cent — two percentage points higher than its urban counterpart, according to preliminary data released for 2011-12 by the National Sample Survey Organisation.
With rising purchasing power and disposable income, the study said that notable phenomenon that is increasingly discernible in rural consumption is a shift from necessities to discretionary goods. “About one in every two rural households now has a mobile phone. Even in India’s poorest states such as Bihar and Orissa, one in three rural households has a mobile phone,” said the study. Nearly 42 per cent of rural households owned a television in 2009-10, up from 26 per cent five years earlier.
There are also interesting state-wise differences in the ownership of durables in rural India, depending on the differences in purchasing power and cultural preferences. While in rural Bihar, only 6 per cent own a two-four-wheeler, one in two households in rural Punjab has a two-/four-wheeler — a ratio even higher than that in urban Maharashtra and Karnataka.
The boost to rural consumption in recent years was underpinned by an across-the-board rise in household incomes due to increase in non-farm job opportunities and government initiated employment generation schemes. NSSO data shows that during 2004-05 to 2009-10 rural construction jobs rose by 88 per cent and the number of people employed in agriculture fell from 249 million to 229 million.
The study further said the untapped rural potential remains huge. “Over 60 per cent of India’s population in 2026 will continue to reside in rural areas. A large portion of this population will have opportunities to move up the consumption ladder as rural areas of relatively poor states such as Bihar and Uttar Pradesh catch up with today’s income and consumption pattern in relatively affluent states. The pace and depth of rural renaissance, however, will depend on policy initiatives to overcome the challenges faced by rural India,” the study said.
For India, a young population, rising income and low penetration of many consumer durables means that rural consumption has the potential to remain an important source of demand. To sustain this phenomenon, it is critical to substitute short-term income boosters such as government-sponsored employment guarantee schemes with durable job opportunities in rural areas, said the study.
Crisil said given the size of India’s rural population, the value of goods and services consumed has always been greater in rural India, but urban India had narrowed the differential during most of the last decade by growing at a faster pace. Between 2009-10 and 2011-12, additional spending by rural India was Rs 3,75,000 crore, significantly higher than Rs 2,99,400 crore by urbanites.
Between 2009-10 and 2011-12, rural consumption per person grew annually at 19 per cent — two percentage points higher than its urban counterpart, according to preliminary data released for 2011-12 by the National Sample Survey Organisation.
With rising purchasing power and disposable income, the study said that notable phenomenon that is increasingly discernible in rural consumption is a shift from necessities to discretionary goods. “About one in every two rural households now has a mobile phone. Even in India’s poorest states such as Bihar and Orissa, one in three rural households has a mobile phone,” said the study. Nearly 42 per cent of rural households owned a television in 2009-10, up from 26 per cent five years earlier.
There are also interesting state-wise differences in the ownership of durables in rural India, depending on the differences in purchasing power and cultural preferences. While in rural Bihar, only 6 per cent own a two-four-wheeler, one in two households in rural Punjab has a two-/four-wheeler — a ratio even higher than that in urban Maharashtra and Karnataka.
The boost to rural consumption in recent years was underpinned by an across-the-board rise in household incomes due to increase in non-farm job opportunities and government initiated employment generation schemes. NSSO data shows that during 2004-05 to 2009-10 rural construction jobs rose by 88 per cent and the number of people employed in agriculture fell from 249 million to 229 million.
The study further said the untapped rural potential remains huge. “Over 60 per cent of India’s population in 2026 will continue to reside in rural areas. A large portion of this population will have opportunities to move up the consumption ladder as rural areas of relatively poor states such as Bihar and Uttar Pradesh catch up with today’s income and consumption pattern in relatively affluent states. The pace and depth of rural renaissance, however, will depend on policy initiatives to overcome the challenges faced by rural India,” the study said.
Japanese auto parts maker sets up unit at Sri City SEZ
Hyderabad: Automotive components maker Piolax India, a subsidiary of Piolax of Japan, inaugurated its first Indian facility at the Sri City multi-product special economic zone in Andhra Pradesh.
The plant is slated to commence commercial production shortly. Piolax is a global manufacturer of auto parts such as industrial fasteners, coil springs, flat springs and compact units. It has facilities in the US, the UK, China and Thailand.
Sri City, located some 55 km from Chennai, already has about 80 units from 23 countries. Built on the work-live-learn-play concept and designed by Jurong Consultants of Singapore, it has well demarcated industrial zones, including automotive, engineering, logistics & warehousing, aerospace, electronics, biotech/pharma, IT and renewable energy.
“We are happy that out of the 12 Japanese firms setting up units at Sri City, Piolax will be the third to commence production, with the remaining in various stages of construction,” said Ravindra Sannareddy, Managing Director of Sri City.
The unit is expected to hire 200 people.
Sri City is also setting up country-specific enclaves to offer specific and exclusive facilities to companies from these countries, a company statement said.
The plant is slated to commence commercial production shortly. Piolax is a global manufacturer of auto parts such as industrial fasteners, coil springs, flat springs and compact units. It has facilities in the US, the UK, China and Thailand.
Sri City, located some 55 km from Chennai, already has about 80 units from 23 countries. Built on the work-live-learn-play concept and designed by Jurong Consultants of Singapore, it has well demarcated industrial zones, including automotive, engineering, logistics & warehousing, aerospace, electronics, biotech/pharma, IT and renewable energy.
“We are happy that out of the 12 Japanese firms setting up units at Sri City, Piolax will be the third to commence production, with the remaining in various stages of construction,” said Ravindra Sannareddy, Managing Director of Sri City.
The unit is expected to hire 200 people.
Sri City is also setting up country-specific enclaves to offer specific and exclusive facilities to companies from these countries, a company statement said.
India, Australia join hands to develop iron-rich bananas
Hyderabad: Eating bananas could well be the next best thing in the fight against anaemia soon. Indian and Australian researchers have joined hands to develop iron-rich bananas that could help women with iron deficiency.
Bananas contain vitamin B6, fibre and potassium. Globally more than 100 billion bananas are consumed annually, making it the largest agricultural product after wheat, rice and corn.
The joint effort will see the development of new strains of iron-rich bananas. It will offer an affordable option to tackle iron-deficiency anaemia, a major cause of maternal deaths during childbirth, especially in India and other developing countries.
The Biotechnology Industry Research Assistance Council (Birac) under the Department of Biotechnology and the Queensland University of Technology have signed an agreement for the purpose. The project will see an investment of A$2.6 million or about Rs 14.8 crore.
Birac is providing A$1.2 million (Rs 6.8 crore ) to the University and another A$1.4 million (Rs 8 crore) towards the cost of the Indian component of the programme, which will address a nutrition deficiency in Indian population, said Managing Director Renu Swarup.
The project will be led by the University’s Centre for Tropical Crops and Biocommodities Director James Dale and India’s National Agri-Food Biotechnology Institute’s Rakesh Tuli. Other partners include Bhabha Atomic Research Centre, National Research Centre for Bananas, Tamil Nadu Agricultural University and Indian Institute of Horticulture Research.
In a press release, Australian High Commissioner to India Peter Varghese said on Wednesday that it is an important project that would help prevent avoidable maternal mortality in India.
Dales said the project would build upon ongoing research the University was undertaking to increase the nutritional content of bananas in Uganda under the auspices of the Gates Foundation. The Indian banana project would involve an initial four-year development phase. It would then take another four to five years to prepare the bananas for release to Indian farmers.
Bananas contain vitamin B6, fibre and potassium. Globally more than 100 billion bananas are consumed annually, making it the largest agricultural product after wheat, rice and corn.
The joint effort will see the development of new strains of iron-rich bananas. It will offer an affordable option to tackle iron-deficiency anaemia, a major cause of maternal deaths during childbirth, especially in India and other developing countries.
The Biotechnology Industry Research Assistance Council (Birac) under the Department of Biotechnology and the Queensland University of Technology have signed an agreement for the purpose. The project will see an investment of A$2.6 million or about Rs 14.8 crore.
Birac is providing A$1.2 million (Rs 6.8 crore ) to the University and another A$1.4 million (Rs 8 crore) towards the cost of the Indian component of the programme, which will address a nutrition deficiency in Indian population, said Managing Director Renu Swarup.
The project will be led by the University’s Centre for Tropical Crops and Biocommodities Director James Dale and India’s National Agri-Food Biotechnology Institute’s Rakesh Tuli. Other partners include Bhabha Atomic Research Centre, National Research Centre for Bananas, Tamil Nadu Agricultural University and Indian Institute of Horticulture Research.
In a press release, Australian High Commissioner to India Peter Varghese said on Wednesday that it is an important project that would help prevent avoidable maternal mortality in India.
Dales said the project would build upon ongoing research the University was undertaking to increase the nutritional content of bananas in Uganda under the auspices of the Gates Foundation. The Indian banana project would involve an initial four-year development phase. It would then take another four to five years to prepare the bananas for release to Indian farmers.
Indian drug companies break into world's fastest growing list
Mumbai: In yet another instance of India Inc occupying a larger seat in the global league tables, three out of the top 10 fastest-growing generic companies globally are now from India. Besides being an indication of the acceptance of domestic pharmaceutical companies and their growing clout, this is also a stamp of their command on manufacturing processes, innovation and marketing muscle at a global scale.
On the list is Glenmark Pharmaceuticals which, with a growth of 37%, is the fifth fastest-growing generic company globally, followed by Dr Reddy's which grew 34% in FY 2011-12, according to global pharmaceutical research firm, EvaluatePharma. The third domestic company on the list, Sun Pharma witnessed a growth of 29%, occupying the eighth rank, right below its subsidiary Taro which had a 33% growth (Taro reports its own numbers since it's listed in the US, while the domestic company has started combining the Israel-based company's financials since September 2010).
The club of the fastest growing generic companies in the world is dominated by US companies, led by US-based Sagent Pharma, which witnessed a huge growth of 106% during the period, according to the research firm's latest analysis.
Perrigo, another US company, is the world's second fastest-growing company with an 80% growth. Nichi-Iko Pharmaceutical of Japan is on the third slot, posting a growth of 79%, while Watson Pharma of US grew 46% during the period.
Pharma companies have taken advantage of the blockbuster drugs which are losing patent protection, and have already raked in millions of dollars by introducing their copy-cat versions. For instance, Dr Reddy's launched generic versions of blockbuster drugs Zyprexa and Plavix, while Ranbaxy mopped up huge revenues from sales of generic Lipitor.
Significant product launches, market exclusivity of drugs going off-patent, and growth in regulated markets have contributed to the development, industry experts say.
According to Sujay Shetty, India leader for pharma and life sciences at PwC India, "This shows the growing significance of domestic companies in terms of quality, portfolio strategy and certain significant first-to-file (FTF) products. Strong revenues from regulated markets are another factor which contributed to the huge growth. Most of the companies have sales of around 50% coming from US, which is the largest market for generics globally. Domestic companies like Dr Reddy's capitalized on key FTF opportunities, while others including Sun Pharma posted gains on account of US sales."
The growth in domestic companies has also been driven by their robust home businesses. The Indian pharma market is clocking a growth of around 15-20% year-on-year.
Commenting on Glenmark's strategy, CMD Glenn Saldanha says, "The high growth is due to our focus in building a strong emerging markets business in addition to having a significant presence in India and US. The growth from markets, particularly Russia, Brazil and the US, has been exceptional. We have invested in these markets for the last six-seven years and we are just beginning to make huge inroads in these markets. Glenmark will continue to build its presence in markets like Russia, Brazil and Mexico where it has invested for the last five years and these markets will drive strong growth."
On the list is Glenmark Pharmaceuticals which, with a growth of 37%, is the fifth fastest-growing generic company globally, followed by Dr Reddy's which grew 34% in FY 2011-12, according to global pharmaceutical research firm, EvaluatePharma. The third domestic company on the list, Sun Pharma witnessed a growth of 29%, occupying the eighth rank, right below its subsidiary Taro which had a 33% growth (Taro reports its own numbers since it's listed in the US, while the domestic company has started combining the Israel-based company's financials since September 2010).
The club of the fastest growing generic companies in the world is dominated by US companies, led by US-based Sagent Pharma, which witnessed a huge growth of 106% during the period, according to the research firm's latest analysis.
Perrigo, another US company, is the world's second fastest-growing company with an 80% growth. Nichi-Iko Pharmaceutical of Japan is on the third slot, posting a growth of 79%, while Watson Pharma of US grew 46% during the period.
Pharma companies have taken advantage of the blockbuster drugs which are losing patent protection, and have already raked in millions of dollars by introducing their copy-cat versions. For instance, Dr Reddy's launched generic versions of blockbuster drugs Zyprexa and Plavix, while Ranbaxy mopped up huge revenues from sales of generic Lipitor.
Significant product launches, market exclusivity of drugs going off-patent, and growth in regulated markets have contributed to the development, industry experts say.
According to Sujay Shetty, India leader for pharma and life sciences at PwC India, "This shows the growing significance of domestic companies in terms of quality, portfolio strategy and certain significant first-to-file (FTF) products. Strong revenues from regulated markets are another factor which contributed to the huge growth. Most of the companies have sales of around 50% coming from US, which is the largest market for generics globally. Domestic companies like Dr Reddy's capitalized on key FTF opportunities, while others including Sun Pharma posted gains on account of US sales."
The growth in domestic companies has also been driven by their robust home businesses. The Indian pharma market is clocking a growth of around 15-20% year-on-year.
Commenting on Glenmark's strategy, CMD Glenn Saldanha says, "The high growth is due to our focus in building a strong emerging markets business in addition to having a significant presence in India and US. The growth from markets, particularly Russia, Brazil and the US, has been exceptional. We have invested in these markets for the last six-seven years and we are just beginning to make huge inroads in these markets. Glenmark will continue to build its presence in markets like Russia, Brazil and Mexico where it has invested for the last five years and these markets will drive strong growth."
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