Chandigarh: The Haryana government will focus on cluster development as one of the strategies for industrial development in the state, and proposes to set up common facility centres in partnership with industry.
These centres will address the common needs of micro, small and medium enterprises ( MSMEs) in the areas of research and development, technology upgradation support, standardisation of products, quality testing and marking facilities, and marketing and branding initiatives.
According to a spokesman of the Haryana industries and commerce department, detailed project reports for four clusters have been prepared, and the Union MSME ministry has given its approval for three clusters — a footwear cluster in Bahadurgarh; a print and pack cluster in Karnal; and a home furnishings cluster in Panipat.
Diagnostic study reports for eight other clusters have also been prepared, and work on the preparation of detailed project reports on four of these clusters is underway.
Detailed project reports for three clusters under the Industrial Infrastructure Upgradation Scheme of the Union government’s department of industrial policy and promotion have also been prepared.
Success in my Habit
Monday, December 31, 2012
India, Russia sign pacts to boost investments
New Delhi: India and Russia on Monday signed a memorandum of understanding (MoU) to promote direct investment. The MoU envisages investments up to $2 billion in important bilateral projects or companies, privatisation and other opportunities.
The agreement was among the 10 that were signed at the 13th annual India-Russia summit. The Indian side was led by Prime Minister Manmohan Singh while the Russian delegation was led by the visiting President Vladimir V. Putin.
In his address, the Prime Minister said that Russia’s deeper integration into the global economy by joining the World Trade Organisation would present more opportunities for the business communities in India and Russia.
“Our bilateral trade has grown by over 30 per cent this year. There is still untapped potential in areas such as pharmaceuticals, fertilisers, mining, steel, information technology, civil aviation, telecommunications, infrastructure, food processing, innovation and services, which we will work to exploit,” Singh said at the 13th Annual India-Russia Annual Summit meeting, which was held here on Monday.
The Prime Minister added that the two countries have asked their inter-Governmental and business-level groups to recommend specific steps for enhancing bilateral trade and investment flows.
Ties in oil, gas sectors
At the meeting, India also conveyed its interest in deepening co-operation in the oil and natural gas sectors with Russia, including through mutual investments and joint projects in third countries.
Pointing out that development of India’s nuclear energy programme had been a key pillar of the strategic partnership with Russia, Singh said that the construction of Unit 1 of the Kudankulam Nuclear Power Project was now complete, and power generation would commence shortly.
“Negotiations for the construction of Units 3 and 4 at Kudankulam have made good progress. We intend to continue implementing the roadmap for co-operation in the nuclear energy sector that was signed during President Putin’s visit in 2010 as the then Prime Minister of Russia,” Singh said.
He said India and Russia undertook an extensive review of the multi-faceted bilateral co-operation, especially in energy, defence, space, trade and investment, science and technology, education, culture and tourism.
Helicopter deal
India and Russia also signed a contract for 71 Mi-17V-5 helicopters up from 59 helicopters signed in February 2010.
In addition, a contract for licence production of an additional 42 SU aircraft was also inked. Bharat Sanchar Nigam Ltd also signed a MoU with NIS-GLONASS for conducting through pilot projects for providing satellite-based navigation services.
The agreement was among the 10 that were signed at the 13th annual India-Russia summit. The Indian side was led by Prime Minister Manmohan Singh while the Russian delegation was led by the visiting President Vladimir V. Putin.
In his address, the Prime Minister said that Russia’s deeper integration into the global economy by joining the World Trade Organisation would present more opportunities for the business communities in India and Russia.
“Our bilateral trade has grown by over 30 per cent this year. There is still untapped potential in areas such as pharmaceuticals, fertilisers, mining, steel, information technology, civil aviation, telecommunications, infrastructure, food processing, innovation and services, which we will work to exploit,” Singh said at the 13th Annual India-Russia Annual Summit meeting, which was held here on Monday.
The Prime Minister added that the two countries have asked their inter-Governmental and business-level groups to recommend specific steps for enhancing bilateral trade and investment flows.
Ties in oil, gas sectors
At the meeting, India also conveyed its interest in deepening co-operation in the oil and natural gas sectors with Russia, including through mutual investments and joint projects in third countries.
Pointing out that development of India’s nuclear energy programme had been a key pillar of the strategic partnership with Russia, Singh said that the construction of Unit 1 of the Kudankulam Nuclear Power Project was now complete, and power generation would commence shortly.
“Negotiations for the construction of Units 3 and 4 at Kudankulam have made good progress. We intend to continue implementing the roadmap for co-operation in the nuclear energy sector that was signed during President Putin’s visit in 2010 as the then Prime Minister of Russia,” Singh said.
He said India and Russia undertook an extensive review of the multi-faceted bilateral co-operation, especially in energy, defence, space, trade and investment, science and technology, education, culture and tourism.
Helicopter deal
India and Russia also signed a contract for 71 Mi-17V-5 helicopters up from 59 helicopters signed in February 2010.
In addition, a contract for licence production of an additional 42 SU aircraft was also inked. Bharat Sanchar Nigam Ltd also signed a MoU with NIS-GLONASS for conducting through pilot projects for providing satellite-based navigation services.
Tuesday, December 25, 2012
Fulcrum setting up new centre in Pune
Pune: US-based IT player Fulcrum Worldwide is setting up a new software delivery and operations centre at Hinjewadi Phase III in January.
The company has a centre at Pune that has a capacity of 450 seats, Rajesh Sinha, CEO, Fulcrum Worldwide, said.
“The new centre will have a capacity of 2,000 people. We have planned an investment of $30 million over the next five years,” Sinha said.
The company’s target market primarily remains US, UK/EU & APAC, but will soon expand to other markets including South Africa and West Asia, he added.
Fulcrum’s new knowledge campus will roll out new SaaS products powered by Cloud for customers in the higher education, insurance and healthcare verticals.
Apart from Pune, Fulcrum has a centre in Mumbai which has 100 employees and caters to high-level product engineering architecture for local customers.
Dhana Kumarasamy, (COO & EVP-Global Delivery), said: “In the next two years, we expect to increase the employees from the current global strength of 700 to over 1,500 employees. Fulcrum is already planning for additional land procurement within the Hinjewadi Phase III-IT Park, Pune.”
The company has a centre at Pune that has a capacity of 450 seats, Rajesh Sinha, CEO, Fulcrum Worldwide, said.
“The new centre will have a capacity of 2,000 people. We have planned an investment of $30 million over the next five years,” Sinha said.
The company’s target market primarily remains US, UK/EU & APAC, but will soon expand to other markets including South Africa and West Asia, he added.
Fulcrum’s new knowledge campus will roll out new SaaS products powered by Cloud for customers in the higher education, insurance and healthcare verticals.
Apart from Pune, Fulcrum has a centre in Mumbai which has 100 employees and caters to high-level product engineering architecture for local customers.
Dhana Kumarasamy, (COO & EVP-Global Delivery), said: “In the next two years, we expect to increase the employees from the current global strength of 700 to over 1,500 employees. Fulcrum is already planning for additional land procurement within the Hinjewadi Phase III-IT Park, Pune.”
Cognizant acquires 6 companies of German IT firm C1 Group
Chennai: Cognizant Technology Solutions on Friday announced the acquisition of six companies of the C1 Group, a German information technology services and consulting firm. It did not disclose the value of the transaction, and said these acquisitions would help strengthen its presence in Germany and Switzerland.
The acquired companies are focused on three major industry segments — manufacturing and logistics, energy and utilities, and financial services. The transaction is expected to close in the first three months of 2013, subject to the successful completion of certain closing conditions and regulatory approvals, added the company announcement.
The six companies are btconsult GmbH (process and technology consulting and SAP), C:1 Solutions GmbH (consulting and enterprise solutions on SAP, BPM, ECM and ERM); psc Management Consulting GmbH (process and technology consulting); C:1 SetCon GmbH (software engineering and testing); Enterprise Services AG, a Swiss company (process and IT consulting); and C:1 Holding GmbH.
Under the terms, 500 professionals in various locations in Germany and Switzerland are expected to join Cognizant.
"The strategic acquisition reiterates the company's commitment to the German and the larger European markets, and reinforces its position as one of the major IT services and consulting companies across the region", said Francisco D’Souza, chief executive, Cognizant.
These companies also bring expertise in enterprise application services (specifically SAP), and high-end testing services from test consulting, strategy and design to implementation, added the announcement.
Peter Schumacher, president & CEO, Value Leadership Group, said the move underscores the growing significance of the continental European market, in particular, Germany and Switzerland. "It reflects a very different strategy compared to Infosys's acquisition of Lodestone. While Lodestone is a focused "big-five style" company that provides SAP implementation and management consulting services mainly for large companies in pharmaceuticals and manufacturing, Cognizant is acquiring companies that provide a broad portfolio of technical, industry-domain, and operational consulting capabilities across a wide set of customers and sectors.”
“While the acquisition is complex, Cognizant’s strong German delivery centre in India (formerly T-Systems, Pune) provides an inherent advantage. The acquisition is expected to help Cognizant penetrate, more successfully, the large number of German medium-size businesses, called Mittelstand.” he added.
The merger of the C1 companies with Cognizant would support the latter’s growth strategy for Europe and create a bond with C1’s remaining companies, said Wilfried Förster, founder of the C1 Group. The move would enable the two companies to drive future diversification, and realise the strong growth potential of combined strengths, he said.
He added that international expansion was critical for parts of the group (C1 Group) to continue its growth, develop better solutions for current and future customers, and provide greater opportunities for its employees.
C1 Group has about 1,200 consultants and IT specialists across a range of industries and lines of service, from strategic consulting, process and systems integration and application development to 24x7 support.
Cognizant currently has a little over 50 delivery centres worldwide and around 150,400 employees as of September 30. The company has been looking at strategic acquisition for growth.
The acquired companies are focused on three major industry segments — manufacturing and logistics, energy and utilities, and financial services. The transaction is expected to close in the first three months of 2013, subject to the successful completion of certain closing conditions and regulatory approvals, added the company announcement.
The six companies are btconsult GmbH (process and technology consulting and SAP), C:1 Solutions GmbH (consulting and enterprise solutions on SAP, BPM, ECM and ERM); psc Management Consulting GmbH (process and technology consulting); C:1 SetCon GmbH (software engineering and testing); Enterprise Services AG, a Swiss company (process and IT consulting); and C:1 Holding GmbH.
Under the terms, 500 professionals in various locations in Germany and Switzerland are expected to join Cognizant.
"The strategic acquisition reiterates the company's commitment to the German and the larger European markets, and reinforces its position as one of the major IT services and consulting companies across the region", said Francisco D’Souza, chief executive, Cognizant.
These companies also bring expertise in enterprise application services (specifically SAP), and high-end testing services from test consulting, strategy and design to implementation, added the announcement.
Peter Schumacher, president & CEO, Value Leadership Group, said the move underscores the growing significance of the continental European market, in particular, Germany and Switzerland. "It reflects a very different strategy compared to Infosys's acquisition of Lodestone. While Lodestone is a focused "big-five style" company that provides SAP implementation and management consulting services mainly for large companies in pharmaceuticals and manufacturing, Cognizant is acquiring companies that provide a broad portfolio of technical, industry-domain, and operational consulting capabilities across a wide set of customers and sectors.”
“While the acquisition is complex, Cognizant’s strong German delivery centre in India (formerly T-Systems, Pune) provides an inherent advantage. The acquisition is expected to help Cognizant penetrate, more successfully, the large number of German medium-size businesses, called Mittelstand.” he added.
The merger of the C1 companies with Cognizant would support the latter’s growth strategy for Europe and create a bond with C1’s remaining companies, said Wilfried Förster, founder of the C1 Group. The move would enable the two companies to drive future diversification, and realise the strong growth potential of combined strengths, he said.
He added that international expansion was critical for parts of the group (C1 Group) to continue its growth, develop better solutions for current and future customers, and provide greater opportunities for its employees.
C1 Group has about 1,200 consultants and IT specialists across a range of industries and lines of service, from strategic consulting, process and systems integration and application development to 24x7 support.
Cognizant currently has a little over 50 delivery centres worldwide and around 150,400 employees as of September 30. The company has been looking at strategic acquisition for growth.
Eight Indians among top 100 CEOs, ITC chief ranked 7th
Kolkata: In yet another sign of rising Indian dominance in the global business arena, eight corporate bigwigs from the country have made it to the list of the world’s best chief executive officers.
The list that Harvard Business Review has come out with is led by former Apple chief Steve Jobs, who passed away last year. The sole Indian representation in the top 10 is ITC Chairman Y C Deveshwar at seventh.
The 65-year-old joined the Kolkata-based cigarette-to-hotels major joined ITC in 1968 and became its chief executive and chairman in 1996.
Deveshwar pipped other Indian corporate honchos, including ONGC former chairman and managing director Subir Raha (ranked 13), RIL chairman and CEO Mukesh Ambani (28), Larsen & Toubro’s A M Naik (32), former Bharat Heavy Electricals CMD A K Puri (38), Bharti Airtel’s Sunil Bharti Mittal (65), Jindal Steel & Power’s Naveen Jindal (87) and former SAIL chief V S Jain (89) — among other global business leaders.
Harvard Business Review has rated the CEOs based on the long-term performance of the companies and the contributions that the CEOs have made to them.(BEST OF ‘EM ALL)
The criteria included how much total shareholder returns had changed during their tenure and the overall increase in market capitalisation.
Jobs earned the top spot, as from 1997 to 2011, Apple’s market value increased by $359 billion.
Those who are in the top 5 also include Jeff Bezos of Amazon.com (2), Yun Jong-Yong of Samsung Electronics (3), Roger Agnelli of Vale (4) and John C Martin of Gilead Sciences (5).
During Deveshwar’s tenure, ITC’s market value increased by $45 billion, which made him the Indian representative in the top-10 league. In 2011, he was conferred the Padma Bhushan by the government of India, honouring his contributions to the nation.
While HBR’s top 100 list in 2010 had candidates from the S&P Global 1200 and BRIC 40 lists, this year it worked with three other emerging-market indexes as well. The pool of CEOs studied increased by roughly one-third, from 1,999 in 2010 to 3,143 this year.
HBR stated this year’s list looked at criteria like making the group truly global and financial performance during their tenure and also in terms of corporate social performance for the selection process.
The list that Harvard Business Review has come out with is led by former Apple chief Steve Jobs, who passed away last year. The sole Indian representation in the top 10 is ITC Chairman Y C Deveshwar at seventh.
The 65-year-old joined the Kolkata-based cigarette-to-hotels major joined ITC in 1968 and became its chief executive and chairman in 1996.
Deveshwar pipped other Indian corporate honchos, including ONGC former chairman and managing director Subir Raha (ranked 13), RIL chairman and CEO Mukesh Ambani (28), Larsen & Toubro’s A M Naik (32), former Bharat Heavy Electricals CMD A K Puri (38), Bharti Airtel’s Sunil Bharti Mittal (65), Jindal Steel & Power’s Naveen Jindal (87) and former SAIL chief V S Jain (89) — among other global business leaders.
Harvard Business Review has rated the CEOs based on the long-term performance of the companies and the contributions that the CEOs have made to them.(BEST OF ‘EM ALL)
The criteria included how much total shareholder returns had changed during their tenure and the overall increase in market capitalisation.
Jobs earned the top spot, as from 1997 to 2011, Apple’s market value increased by $359 billion.
Those who are in the top 5 also include Jeff Bezos of Amazon.com (2), Yun Jong-Yong of Samsung Electronics (3), Roger Agnelli of Vale (4) and John C Martin of Gilead Sciences (5).
During Deveshwar’s tenure, ITC’s market value increased by $45 billion, which made him the Indian representative in the top-10 league. In 2011, he was conferred the Padma Bhushan by the government of India, honouring his contributions to the nation.
While HBR’s top 100 list in 2010 had candidates from the S&P Global 1200 and BRIC 40 lists, this year it worked with three other emerging-market indexes as well. The pool of CEOs studied increased by roughly one-third, from 1,999 in 2010 to 3,143 this year.
HBR stated this year’s list looked at criteria like making the group truly global and financial performance during their tenure and also in terms of corporate social performance for the selection process.
NMDC and Indian Railways Sign MoU for Doubling of the Railway Line from Kirandul to Jagdalpur
New Delhi: Two Memorandum of Understanding (MoUs) of Public Sector Undertakings of Ministry of Steel with Ministry of Railways were signed here today. An MoU of NMDC Limited, a Navratna PSU under the administrative control of Ministry of Steel and the Indian Railways in the presence of the Union Minister of Steel, Shri Beni Prasad Verma and Union Minister for Railways, Shri Pawan Kumar Bansal here today. RINL, a PSU under the Ministry of Steel, has also signed an MoU with the Indian Railways for setting up a forged wheel factory at Rae Bareli, Uttar Pradesh.
As per the provisions of the MoU, the 150 km Jagdalpur - Kirandul section of the Kottavalsa - Kirandul line of the East Coast Railway will be doubled to augment the evacuation capacity of NMDC to meet the increased demand for iron ore of the Indian steel industry.
Speaking on the occasion, Shri Beni Prasad Verma said that this will usher in an era of growth dedicated to the service of the Nation. He said, “I am sure that apart from benefitting the steel industry in India, the doubling of the railway line will transform the lives of the local tribal population in Bastar, Chattisgarh and adjacent states of Odisha and Andhra Pradesh.” Speaking about the setting up of the forged wheel factory Shri Verma said that the unit will be a specialized unit catering to the need for special grade wheels for high speed trains. He further added that setting up of the factory will considerably increase the industrial activity in the region and generate employment opportunities for the youth of the state.
Shri Pawan Kumar Bansal said that the proposed partnerships would provide the much needed impetus to investment in railway infrastructure and increase evacuation capacities from mines, plants and ports and freight traffic for the Railways. He also added that the proposed forged wheel factory would go a long way in meeting the future requirements of wheels for Indian Railways. Shri Bansal said that these two MoUs are good example of the synergy between Ministry of Railways and Ministry of Steel who have been partners for many years in developing country’s infrastructure. These projects also present a new innovative financial funding for infrastructure projects.
The MoU for doubling of railway line was signed between Shri Vinay Mittal, Chairman, Railway Board and Shri C.S. Verma, CMD, NMDC. The project will be implemented by Indian Railways at a cost Rs.826 Crores and same will be funded by NMDC with provisions for suitable returns through freight rebate. The Railways will additionally make necessary investment in wagons, locomotives, other maintenance facilities and deployment of staff. The new line is likely to create an additional traffic of upto 12 million tonne per annum (MTPA) in a phased manner.
The MoU for forged wheel factory was signed between Shri Keshav Chandra, Member Mechanical, Railway Board and Shri A.P. Choudhary, CMD, RINL. The Forged Wheel Factory being set up by RINL to supply forged wheels to the Indian Railways will have a capacity of producing 1,00,000 wheels every year. The factory, the biggest such plant in India will be completed within a schedule of 36 months at a cost of Rs. 1000 crores (Approximately) and will generate 500 to 600 jobs. The Raw material for the factory will be supplied by RINL’s plant in Vishakhapatnam in the form of Continuous Cast (CC) rounds.
Also present on the occasion were the Secretary, Ministry of Steel, Shri D.R.S. Chaudhary and other senior officers of the Ministry of Steel and Ministry of Railway.
As per the provisions of the MoU, the 150 km Jagdalpur - Kirandul section of the Kottavalsa - Kirandul line of the East Coast Railway will be doubled to augment the evacuation capacity of NMDC to meet the increased demand for iron ore of the Indian steel industry.
Speaking on the occasion, Shri Beni Prasad Verma said that this will usher in an era of growth dedicated to the service of the Nation. He said, “I am sure that apart from benefitting the steel industry in India, the doubling of the railway line will transform the lives of the local tribal population in Bastar, Chattisgarh and adjacent states of Odisha and Andhra Pradesh.” Speaking about the setting up of the forged wheel factory Shri Verma said that the unit will be a specialized unit catering to the need for special grade wheels for high speed trains. He further added that setting up of the factory will considerably increase the industrial activity in the region and generate employment opportunities for the youth of the state.
Shri Pawan Kumar Bansal said that the proposed partnerships would provide the much needed impetus to investment in railway infrastructure and increase evacuation capacities from mines, plants and ports and freight traffic for the Railways. He also added that the proposed forged wheel factory would go a long way in meeting the future requirements of wheels for Indian Railways. Shri Bansal said that these two MoUs are good example of the synergy between Ministry of Railways and Ministry of Steel who have been partners for many years in developing country’s infrastructure. These projects also present a new innovative financial funding for infrastructure projects.
The MoU for doubling of railway line was signed between Shri Vinay Mittal, Chairman, Railway Board and Shri C.S. Verma, CMD, NMDC. The project will be implemented by Indian Railways at a cost Rs.826 Crores and same will be funded by NMDC with provisions for suitable returns through freight rebate. The Railways will additionally make necessary investment in wagons, locomotives, other maintenance facilities and deployment of staff. The new line is likely to create an additional traffic of upto 12 million tonne per annum (MTPA) in a phased manner.
The MoU for forged wheel factory was signed between Shri Keshav Chandra, Member Mechanical, Railway Board and Shri A.P. Choudhary, CMD, RINL. The Forged Wheel Factory being set up by RINL to supply forged wheels to the Indian Railways will have a capacity of producing 1,00,000 wheels every year. The factory, the biggest such plant in India will be completed within a schedule of 36 months at a cost of Rs. 1000 crores (Approximately) and will generate 500 to 600 jobs. The Raw material for the factory will be supplied by RINL’s plant in Vishakhapatnam in the form of Continuous Cast (CC) rounds.
Also present on the occasion were the Secretary, Ministry of Steel, Shri D.R.S. Chaudhary and other senior officers of the Ministry of Steel and Ministry of Railway.
Ceiling for FDI in ARCs raised to 74% from 49%
New Delhi: The government has increased the ceiling for foreign direct investment ( FDI) in asset reconstruction companies (ARCs) to 74 per cent from 49 per cent.
This is, however, subject to the condition that no sponsor should hold more than 50 per cent of the shareholding in an ARC, either by way of FDI or by routing through a foreign institutional investor (FII).
Foreign investment in ARCs will have to comply with the FDI norms in terms of entry route conditionality and sectoral caps, the finance ministry said in a release.
The 74 per cent FDI limit in ARCs will be the combined limit of FDI and FII.
With this, the prohibition on investment by FIIs in ARCs will be removed.
However, the total shareholding of an individual FII should not exceed 10 per cent of its total paid-up capital, according to the release.
“The limit of FII investment in security receipts (SRs) may be enhanced from 49 per cent to 74 per cent. Further, the individual limit of 10 per cent for investment of a single FII in each tranche of SRs issued by ARCs may be dispensed with. Such investment should be within the FII limit on corporate bonds prescribed from time to time, and sectoral caps under the extant FDI regulations should be complied with,” said the release.
The government reviewed the ceilings of FDI and FII after consulting the stakeholders and sector regulators.
The Reserve Bank of India and the Securities and Exchange Board of India will issue relevant notifications.
This is, however, subject to the condition that no sponsor should hold more than 50 per cent of the shareholding in an ARC, either by way of FDI or by routing through a foreign institutional investor (FII).
Foreign investment in ARCs will have to comply with the FDI norms in terms of entry route conditionality and sectoral caps, the finance ministry said in a release.
The 74 per cent FDI limit in ARCs will be the combined limit of FDI and FII.
With this, the prohibition on investment by FIIs in ARCs will be removed.
However, the total shareholding of an individual FII should not exceed 10 per cent of its total paid-up capital, according to the release.
“The limit of FII investment in security receipts (SRs) may be enhanced from 49 per cent to 74 per cent. Further, the individual limit of 10 per cent for investment of a single FII in each tranche of SRs issued by ARCs may be dispensed with. Such investment should be within the FII limit on corporate bonds prescribed from time to time, and sectoral caps under the extant FDI regulations should be complied with,” said the release.
The government reviewed the ceilings of FDI and FII after consulting the stakeholders and sector regulators.
The Reserve Bank of India and the Securities and Exchange Board of India will issue relevant notifications.
TCS to invest Rs 1,350 cr in new campus at Rajarhat
Mumbai/Pune: Mumbai/Pune, Dec 20 Tata Consultancy Services is setting up a new development campus at Rajarhat near Kolkata with an investment of about Rs 1,350 crore
The campus, spread over 40 acres, will house over 16,500 seats on completion. It would become operational by the end of financial year 2014-15, Tata Consultancy Services (TCS) said in a statement today.
“Our growing presence in Kolkata continues to be of strategic importance for our overall business growth. We remain committed to working in close collaboration with all stakeholders in the state to help in the development of local talent and provide our customers with world-class IT solutions from this location,” TCS Chief Financial officer and Executive Director S. Mahalingam said.
The campus would be built in two phases, with the first phase to be completed in the first quarter of 2014 and the second phase by the fourth quarter of the year. In the first phase, 7,000 seats will be ready and the remaining 9,500 seats would be completed under the second phase.
“The Rajarhat facility will drive the next phase of our growth in the eastern region and help us access skilled professionals and students from in and around Kolkata. Our investment will also help catalyse further development of the talent and IT ecosystem in the area,” TCS Executive Vice-President and Global Head (Human Resources) Ajoy Mukherjee said.
Skills upgradation
Separately, the country’s largest software exporter has introduced a scheme to upgrade the skills of workers in construction and related sectors such as metalwork across the country.
“TCS has always taken the lead in developing IT and engineering talent in India. Now we are looking at how we can help also build the base of other important skills that are important for sustaining economic growth. West Bengal has a significant, scalable pool of people who can contribute to the construction industry nationally as tradesmen,” Mahalingam said.
The programme will be carried out during the construction phase while building new campuses in Kolkata, Indore and Nagpur. TCS has already launched a pilot programme at Rajarhat, where it is constructing a software development campus.
Over the course of the construction period, as many as 2,000 workers will be trained at the on-site Construction Skill Training Centre (CTSC).
Trained workers from the CTSC will be employed by building contractors at the site during the construction phase. This skill development programme will also enhance awareness towards safety-at-site and increase productivity in the industry.
LEED certification
Using sustainable, local materials for construction as well as by deploying green technologies effectively across the campus, TCS will aim to get the highest LEED certification to demonstrate its effectiveness in considerably reduce the environmental footprint of the campus.
The salient features include generation of 850 kilowatts of solar power for campus use, zero waste discharge facility with bio digester which will turn waste into gas for cooking and a sewerage treatment plant which will recycle water for use in landscaping and air conditioning.
The Rajarhat campus has facilities like amphitheatre, auditorium, cafeterias, libraries and large green open spaces, and house fitness facilities like tennis courts, basketball court, gymnasium as well as temporary accommodation for employees.
The campus, spread over 40 acres, will house over 16,500 seats on completion. It would become operational by the end of financial year 2014-15, Tata Consultancy Services (TCS) said in a statement today.
“Our growing presence in Kolkata continues to be of strategic importance for our overall business growth. We remain committed to working in close collaboration with all stakeholders in the state to help in the development of local talent and provide our customers with world-class IT solutions from this location,” TCS Chief Financial officer and Executive Director S. Mahalingam said.
The campus would be built in two phases, with the first phase to be completed in the first quarter of 2014 and the second phase by the fourth quarter of the year. In the first phase, 7,000 seats will be ready and the remaining 9,500 seats would be completed under the second phase.
“The Rajarhat facility will drive the next phase of our growth in the eastern region and help us access skilled professionals and students from in and around Kolkata. Our investment will also help catalyse further development of the talent and IT ecosystem in the area,” TCS Executive Vice-President and Global Head (Human Resources) Ajoy Mukherjee said.
Skills upgradation
Separately, the country’s largest software exporter has introduced a scheme to upgrade the skills of workers in construction and related sectors such as metalwork across the country.
“TCS has always taken the lead in developing IT and engineering talent in India. Now we are looking at how we can help also build the base of other important skills that are important for sustaining economic growth. West Bengal has a significant, scalable pool of people who can contribute to the construction industry nationally as tradesmen,” Mahalingam said.
The programme will be carried out during the construction phase while building new campuses in Kolkata, Indore and Nagpur. TCS has already launched a pilot programme at Rajarhat, where it is constructing a software development campus.
Over the course of the construction period, as many as 2,000 workers will be trained at the on-site Construction Skill Training Centre (CTSC).
Trained workers from the CTSC will be employed by building contractors at the site during the construction phase. This skill development programme will also enhance awareness towards safety-at-site and increase productivity in the industry.
LEED certification
Using sustainable, local materials for construction as well as by deploying green technologies effectively across the campus, TCS will aim to get the highest LEED certification to demonstrate its effectiveness in considerably reduce the environmental footprint of the campus.
The salient features include generation of 850 kilowatts of solar power for campus use, zero waste discharge facility with bio digester which will turn waste into gas for cooking and a sewerage treatment plant which will recycle water for use in landscaping and air conditioning.
The Rajarhat campus has facilities like amphitheatre, auditorium, cafeterias, libraries and large green open spaces, and house fitness facilities like tennis courts, basketball court, gymnasium as well as temporary accommodation for employees.
UAE company bags contract from Supertech
New Delhi: Real estate developer Supertech has roped in the UAE-based Arabian Construction Company (ACC) to construct its tallest mixed-used tower, Supernova, at a cost of Rs 650 crore. ACC has been given the mandate to complete the project in four years.
When completed, one of the towers, Spira, will stand 300 m tall comprising 80 floors. It will include a luxury residence, two five-star hotels and Spira suites. The tower will also have a helipad, an observatory deck, an exclusive clubhouse and view of the Okhla Bird Sanctuary. It is being developed with an investment of Rs 2,700 crore.
ACC, which has constructed several iconic building such as the Emirates headquarters and Etisalat office in West Asia, said it would use the ‘jump form’ technology to construct the towers.
Supertech CMD, R.K Arora, and ACC Director, Rasheed Mikati, signed the contract. ACC India Managing Director, Ani Ray, said this was the first standalone contract for the company.
ACC is also constructing Lodha Developers’ project ‘World One’ in Mumbai, which has 117 floors with 450 m height, in partnership with Simplex Infrastructures, he added.
When completed, one of the towers, Spira, will stand 300 m tall comprising 80 floors. It will include a luxury residence, two five-star hotels and Spira suites. The tower will also have a helipad, an observatory deck, an exclusive clubhouse and view of the Okhla Bird Sanctuary. It is being developed with an investment of Rs 2,700 crore.
ACC, which has constructed several iconic building such as the Emirates headquarters and Etisalat office in West Asia, said it would use the ‘jump form’ technology to construct the towers.
Supertech CMD, R.K Arora, and ACC Director, Rasheed Mikati, signed the contract. ACC India Managing Director, Ani Ray, said this was the first standalone contract for the company.
ACC is also constructing Lodha Developers’ project ‘World One’ in Mumbai, which has 117 floors with 450 m height, in partnership with Simplex Infrastructures, he added.
SIDBI inks pacts with RRBs, urban co-op banks in Bengal
Kolkata: The Small Industries Development Bank of India (SIDBI) has entered into agreements with eight regional rural banks (RRBs) and urban co-operative banks in West Bengal.
SIDBI has already signed memorandums of understanding with the RRBs and co-operative banks for increasing credit flow to the micro, small and medium enterprises (MSMEs) in the region, said a press statement issued by SIDBI.
The MoUs would aim at training the staff of RRBs and co-operative banks in project appraisal, monitoring and collection as also providing free access to software on a down-scaling methodology developed for lending to micro enterprises.
“The down-scaling model focuses on cash flow-based lending instead of the traditional security-based lending, which is important for small and tiny enterprises,” the release said.
SIDBI has already signed memorandums of understanding with the RRBs and co-operative banks for increasing credit flow to the micro, small and medium enterprises (MSMEs) in the region, said a press statement issued by SIDBI.
The MoUs would aim at training the staff of RRBs and co-operative banks in project appraisal, monitoring and collection as also providing free access to software on a down-scaling methodology developed for lending to micro enterprises.
“The down-scaling model focuses on cash flow-based lending instead of the traditional security-based lending, which is important for small and tiny enterprises,” the release said.
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