Mumbai: To make its cars more affordable for Indian buyers, Mumbai-based Tata Motors has started assembling the Jaguar XF at its new facility in Chakan near Pune.
This has allowed the company to offer the luxury saloon at Rs 44.5 lakh (ex-showroom, Mumbai), pitting it directly against the BMW 5 series and the Mercedes Benz E Class.
So far, the Jaguar XF was imported from the UK as a fully-built unit. The car was launched in the country in 2010 for Rs 48.37 lakh. However, subsequent increases in import charges led to a rise in its prices.
The Jaguar XF is Jaguar Land Rover’s second model to be assembled in India.
In May 2011, the company started manufacturing the Land Rover Freelander 2 at the Chakan assembly plant. Jaguar XF models manufactured at Chakan would have the 2.2-litre diesel engine; this is the first time such engines would be available in the Indian market.
Rohit Suri, vice-president, Jaguar Land Rover India, said, “Our best-selling models in India are the Land Rover Freelander 2 and the Jaguar XF, and this has driven the move to build these products locally. We are delighted to offer this car as a locally-built product with a new engine for this market. This would enable us to provide our customers with a wider choice of competitively priced models.”
A company statement said the Jaguar XF also had other variants---with a three-litre V6 turbocharged engine (peak power of 275 hp) and a five-litre supercharged V8 engine (peak power of 375 hp).
The car features an array of upgrades available as standard features such as rear view camera, TV tuner, navigation system, optimised audio and navigation controls, front passenger seat away, touch screen, gear-shifting paddles, full-size spare wheel, electric sunroof and rear screen electric blind.
Success in my Habit
Thursday, January 24, 2013
DTDC scales its global presence, enters Australia and Kuwait through joint venture
New Delhi: DTDC scales its global presence, enters Australia and Kuwait through joint venture
DTDC Courier and Cargo Ltd., India's premier express courier company, has expanded its presence in the APAC and Middle-East regions by entering into Australia and Kuwait.
The Australian venture will be handled jointly by DTDC and Fast World Express Pty Ltd wherein DTDC has 34 per cent of holdings. The Kuwait venture will be handled by Kuwait Bayarek General Trading and Contracting Co. W.I.I. who is the Master franchise. With this DTDC's global footprint goes up to 16 countries providing services to over 240 international locations.
In addition to Sydney and Melbourne as principal centre for service, DTDC will gradually extend their services to Brisbane, Auckland and Perth through further Master Franchisees recruited under DTDC Fast World Express Pty Ltd.
Currently they are operational with a core management team of about 5-10 professionals mainly looking into sales. The entity will progressively offer same day delivery, pick-up and return services for vital shipments, 'Bullet Service' within 4 hours, pre-paid services.
The principle office for Kuwait is located in Farwaniya in Kuwait City. Other branches are planned in Al Ardya, Sabah, Al Salmiya, Al-Almadi and further expansion to Iraq. By June, Kuwait will be connected with all the 16 countries where DTDC has offices and rest of the 225 countries through their associates.
DTDC Courier and Cargo Ltd., India's premier express courier company, has expanded its presence in the APAC and Middle-East regions by entering into Australia and Kuwait.
The Australian venture will be handled jointly by DTDC and Fast World Express Pty Ltd wherein DTDC has 34 per cent of holdings. The Kuwait venture will be handled by Kuwait Bayarek General Trading and Contracting Co. W.I.I. who is the Master franchise. With this DTDC's global footprint goes up to 16 countries providing services to over 240 international locations.
In addition to Sydney and Melbourne as principal centre for service, DTDC will gradually extend their services to Brisbane, Auckland and Perth through further Master Franchisees recruited under DTDC Fast World Express Pty Ltd.
Currently they are operational with a core management team of about 5-10 professionals mainly looking into sales. The entity will progressively offer same day delivery, pick-up and return services for vital shipments, 'Bullet Service' within 4 hours, pre-paid services.
The principle office for Kuwait is located in Farwaniya in Kuwait City. Other branches are planned in Al Ardya, Sabah, Al Salmiya, Al-Almadi and further expansion to Iraq. By June, Kuwait will be connected with all the 16 countries where DTDC has offices and rest of the 225 countries through their associates.
Firms in hotel sector can now tap external commercial borrowings
Mumbai: Indian companies in the hotel sector (with a total project cost of Rs 250 crore or more), irrespective of their geographical location, have been allowed to tap the external commercial borrowing (ECB) route.
The ECBs will be for repayment of outstanding rupee loan(s) and/or for fresh rupee capital expenditure.
The Reserve Bank of India, in a notification, said the abovementioned companies are eligible borrowers under the ECB policy for repayment of rupee loans and/or fresh rupee capital expenditure.
As per the extant guidelines, only Indian companies in the manufacturing and infrastructure sectors, which are consistent foreign exchange earners, are allowed to go in for ECBs for repayment of outstanding rupee loan(s) taken from the domestic banking system and/or for fresh rupee capital expenditure.
In September 2012, the RBI had enhanced the maximum permissible limit of ECB for an individual company. The limit was set at 75 per cent of the average foreign exchange earnings realised during the immediate past three financial years or 50 per cent of the highest foreign exchange earnings realised in any of the immediate past three financial years, whichever is higher.
Prior to the enhancement, the maximum permissible ECB was limited to 50 per cent of the average annual export earnings realised during the past three financial years.
The maximum ECB by an individual company or group, as a whole, is restricted to $3 billion.
The ECBs will be for repayment of outstanding rupee loan(s) and/or for fresh rupee capital expenditure.
The Reserve Bank of India, in a notification, said the abovementioned companies are eligible borrowers under the ECB policy for repayment of rupee loans and/or fresh rupee capital expenditure.
As per the extant guidelines, only Indian companies in the manufacturing and infrastructure sectors, which are consistent foreign exchange earners, are allowed to go in for ECBs for repayment of outstanding rupee loan(s) taken from the domestic banking system and/or for fresh rupee capital expenditure.
In September 2012, the RBI had enhanced the maximum permissible limit of ECB for an individual company. The limit was set at 75 per cent of the average foreign exchange earnings realised during the immediate past three financial years or 50 per cent of the highest foreign exchange earnings realised in any of the immediate past three financial years, whichever is higher.
Prior to the enhancement, the maximum permissible ECB was limited to 50 per cent of the average annual export earnings realised during the past three financial years.
The maximum ECB by an individual company or group, as a whole, is restricted to $3 billion.
Second AEPC Stakeholder Forum under Project DISHA Convenes
New Delhi: The 2nd Stakeholder' Consultation/ AEPC Stakeholder Forum meet convenes here today. The second stakeholder consultation was organized to discuss and consult the DISHA facilitation programme methodology being implemented in Garment Manufacturing Factories in India. The meeting was presided-over by Shri V. Srinivas, IAS, Jt. Secretary (Exports), Ministry of Textiles. Chairman AEPC Dr. A Salthivel, Ashok Logani, Chairman DISHA Sub- committee, Mrs Manisha Sinha, Director Exports, Ministry of Textiles, Shri H K Jethi, Director Ministry of Labour, Labour Commissioner of States, Brands, Buying Houses, NGOs, Trade Union, Accreditation Agencies, Compliance consultants, exporters were also present in the meeting.
AEPC launched the Driving Industry towards Human Capital Advancement (DISHA) programme in December 2011, under the aegis and support of the Ministry of Textiles, Government of India to support the Indian apparel industry in addressing some of the concerns and challenges. AEPC is supporting the development of a code of conduct along with a guideline and self-assessment tool as Indian apparel industry's self-regulatory initiative under the DISHA programme - Common Code of Conduct.
During the First Stake Holders Forum we have discussed and shared the code and other tools to the stakeholders of the Indian apparel industry to seek their feedback for effective and desired impact of the DISHA programme.
AEPC DISHA has undergone a significant change since its inception. Now the focus is on transferring the ownership and control based on the participatory engagement and owning the responsibility of implementing the DISHA- CCC (Code of Conduct). The DISHA tool kit has been handed over to the DISHA champions who are from the employee pool manager level staff of the factories. The DISHA team regularly monitors the developments after they have gone through the TOT/ training and implementation sessions. Ministry officials also from time to time visit these factories to see the intent and resolve of implementation of DISHA codes.
Speaking on the forum Dr. A Sakthivel Chairman AEPC stated that, “The first Roundtable of the Stakeholders initiated the process for the formation of this Forum. The Forum discussed the most important initiative being taken by AEPC for meeting and managing compliance challenges in the work place – DISHA.” We invite everyone who would like to contribute towards development of a comprehensive framework for managing compliance challenges, in this context. Recognizing the need for providing a multistakeholder platform to exchange perspectives, voices and concerns as well as seek assistance and contribution of various stakeholders of the apparel industry towards developing strategies to address compliance challenges AEPC DISHA respects all suggestions and feedbacks, he added.
Chairman AEPC further informed that, during the first Stakeholders Consultation, Questionnaires were circulated to all participants in order to get institutional response of various stakeholders on their perception of the compliance challenges faced by the apparel industry and their expectations from DISHA to meet their challenges. The assessment of these questionnaire show very positive response from most of the stakeholders to the AEPC approach to understand and resolving compliance challenges faced by Indian Apparel Industry. The concept was appreciated by all stakeholders. It was recognized as a huge ambition that manufacturers take responsibility for making India a responsible sourcing destination.
Shri V Srinivas Jt. Secretary Exports in the Ministry of Textiles said, “At present there are 145 enrolments from across India. Factory visits have been initiated in 78 of these, in NCR, Jaipur, Ludhiana, Bangalore, Chennai, Mumbai, Tirupur, Maudrai, Kolkatta. Of these 78 factories, 26 have completed atleast 3rd visit of the 6 visit DISHA training programme. During the interaction with some of the DISHA participating factories during the distribution of the DISHA adoption certificates, last week, I was happy to know that the programme has given tangible benefit to factories in the areas of market access, productivity and worker relationship management and retention”. As we all know, social and environment compliance has become an important requirement while supplying to the western markets. For India to remain competitive in this scenario, we have to focus intensively on two competitive levers; innovation and social compliance. Global apparel buyers are now insisting on full compliance with International and national labor standards, regulations and convention. I am happy that the programme has come out as a robust programme for addressing the industry's requirement for compliance management”.
JS Exports briefed that, “The Ministry is keen to run this programme in the 12th plan and beyond. We have a target of 2600 units by the end of this plan period. I feel this year was a preparatory year and we would need you feedbacks to make the programme more robust and effective. I would like to share with you that the programme has been received with great enthusiasm by the USTR and US Dept of Labour. USTR has expressed eagerness to enter into cooperation with us on various issues including this programme. The proposed MoU with USTR envisages sharing of knowledge and best practices in the areas of social compliance to strengthen such initiatives.
Shri. Ashok Logani, Chairman DISHA Sub- Committee said, “Happy workers leads to less absenteeism & reduced over time leading to increased productivity and reduction in production cost. This is the philosophy behind our dedicated training on worker issues. The DISHA champion’s team concept enhances relationship between apparel manufacturer and various dept heads in the middle management. DISHA is a space of interest to all the various stakeholders so that they can use their sphere of influence to converge people together to discuss and answer some very important questions. This platform, brought forward by the AEPC with the help of the government makes it imperative for all of us to come together to envision what the future should look like for the industry and others in the supply chain”.
Secretary Textiles, Smt. Kiran Dhingra IAS, last week distributed the DISHA adoption certificate to the ‘DISHA Champions’. 78 factories which have been reached out for the training and implementation under project DISHA. The six days training programme/ workshop aimed at the capacity building and greater awareness for the effective implementation of the programme.
AEPC launched the Driving Industry towards Human Capital Advancement (DISHA) programme in December 2011, under the aegis and support of the Ministry of Textiles, Government of India to support the Indian apparel industry in addressing some of the concerns and challenges. AEPC is supporting the development of a code of conduct along with a guideline and self-assessment tool as Indian apparel industry's self-regulatory initiative under the DISHA programme - Common Code of Conduct.
During the First Stake Holders Forum we have discussed and shared the code and other tools to the stakeholders of the Indian apparel industry to seek their feedback for effective and desired impact of the DISHA programme.
AEPC DISHA has undergone a significant change since its inception. Now the focus is on transferring the ownership and control based on the participatory engagement and owning the responsibility of implementing the DISHA- CCC (Code of Conduct). The DISHA tool kit has been handed over to the DISHA champions who are from the employee pool manager level staff of the factories. The DISHA team regularly monitors the developments after they have gone through the TOT/ training and implementation sessions. Ministry officials also from time to time visit these factories to see the intent and resolve of implementation of DISHA codes.
Speaking on the forum Dr. A Sakthivel Chairman AEPC stated that, “The first Roundtable of the Stakeholders initiated the process for the formation of this Forum. The Forum discussed the most important initiative being taken by AEPC for meeting and managing compliance challenges in the work place – DISHA.” We invite everyone who would like to contribute towards development of a comprehensive framework for managing compliance challenges, in this context. Recognizing the need for providing a multistakeholder platform to exchange perspectives, voices and concerns as well as seek assistance and contribution of various stakeholders of the apparel industry towards developing strategies to address compliance challenges AEPC DISHA respects all suggestions and feedbacks, he added.
Chairman AEPC further informed that, during the first Stakeholders Consultation, Questionnaires were circulated to all participants in order to get institutional response of various stakeholders on their perception of the compliance challenges faced by the apparel industry and their expectations from DISHA to meet their challenges. The assessment of these questionnaire show very positive response from most of the stakeholders to the AEPC approach to understand and resolving compliance challenges faced by Indian Apparel Industry. The concept was appreciated by all stakeholders. It was recognized as a huge ambition that manufacturers take responsibility for making India a responsible sourcing destination.
Shri V Srinivas Jt. Secretary Exports in the Ministry of Textiles said, “At present there are 145 enrolments from across India. Factory visits have been initiated in 78 of these, in NCR, Jaipur, Ludhiana, Bangalore, Chennai, Mumbai, Tirupur, Maudrai, Kolkatta. Of these 78 factories, 26 have completed atleast 3rd visit of the 6 visit DISHA training programme. During the interaction with some of the DISHA participating factories during the distribution of the DISHA adoption certificates, last week, I was happy to know that the programme has given tangible benefit to factories in the areas of market access, productivity and worker relationship management and retention”. As we all know, social and environment compliance has become an important requirement while supplying to the western markets. For India to remain competitive in this scenario, we have to focus intensively on two competitive levers; innovation and social compliance. Global apparel buyers are now insisting on full compliance with International and national labor standards, regulations and convention. I am happy that the programme has come out as a robust programme for addressing the industry's requirement for compliance management”.
JS Exports briefed that, “The Ministry is keen to run this programme in the 12th plan and beyond. We have a target of 2600 units by the end of this plan period. I feel this year was a preparatory year and we would need you feedbacks to make the programme more robust and effective. I would like to share with you that the programme has been received with great enthusiasm by the USTR and US Dept of Labour. USTR has expressed eagerness to enter into cooperation with us on various issues including this programme. The proposed MoU with USTR envisages sharing of knowledge and best practices in the areas of social compliance to strengthen such initiatives.
Shri. Ashok Logani, Chairman DISHA Sub- Committee said, “Happy workers leads to less absenteeism & reduced over time leading to increased productivity and reduction in production cost. This is the philosophy behind our dedicated training on worker issues. The DISHA champion’s team concept enhances relationship between apparel manufacturer and various dept heads in the middle management. DISHA is a space of interest to all the various stakeholders so that they can use their sphere of influence to converge people together to discuss and answer some very important questions. This platform, brought forward by the AEPC with the help of the government makes it imperative for all of us to come together to envision what the future should look like for the industry and others in the supply chain”.
Secretary Textiles, Smt. Kiran Dhingra IAS, last week distributed the DISHA adoption certificate to the ‘DISHA Champions’. 78 factories which have been reached out for the training and implementation under project DISHA. The six days training programme/ workshop aimed at the capacity building and greater awareness for the effective implementation of the programme.
Chiranjeevi Attends Fourth meeting of Asean and India Tourism Ministers at Vientiane
The Fourth Meeting of ASEAN and India Tourism Ministers was held in Vientiane, Lao PDR today in conjunction with the ASEAN Tourism Forum 2013 . The Meeting was jointly co-chaired by Union Tourism Minister Shri K.Chiranjeevi and Prof. Dr. Bosengkham Vongdara, Minister of Information, Culture and Tourism, Lao PDR.
Both the Ministers signed the Protocol to amend the Memorandum of Understanding between ASEAN and India on Strengthening Tourism Cooperation, which would further strengthen the tourism collaboration between ASEAN and Indian national tourism organisations.
The main objective of this Protocol is to amend the MoU to protect and safeguard the rights and interests of the parties with respect to national security, national and public interest or public order, protection of intellectual property rights, confidentiality and secrecy of documents, information and data.
Both the Ministers welcomed the adoption of the Vision Statement of the ASEAN-India Commemorative Summit held on 20 December 2012 in New Delhi, India, particularly on enhancing the ASEAN Connectivity through supporting the implementation of the Master Plan on ASEAN Connectivity. The Ministers also supported the close collaboration of ASEAN and India to enhance air, sea and land connectivity within ASEAN and between ASEAN and India through ASEAN-India connectivity project.
The Ministers were pleased with the implementation progress of the MOU in 2012 through the following projects and activities:
Familiarization trip of 10 travel writers from ASEAN Member States to India;
Visit of teachers/faculty of hospitality institutes from India to ASEAN Member States and vice-versa for developing teaching modules and establishing student exchange programmes between ASEAN and India;
Visit of 10 travel writers from India to ASEAN Member States;
Familiarisation trip of 20 tour operators from ASEAN Member States to India during Buddhist Conclave; and
Exchange visit of tour operators and travel agents between ASEAN and India
In further promoting tourism exchange between ASEAN and India, the Ministers agreed to launch the ASEAN-India tourism website (www.indiaasean.org) as a platform to jointly promote tourism destinations, sharing basic information about ASEAN Member States and India and a visitor guide.
The Ministers welcomed the successful conclusion of the 8000km ASEAN-India Car Rally organised as one of the highlighted events in commemorating the 20th Anniversary of ASEAN-India Dialogue Relations in 2012.
Both the Ministers signed the Protocol to amend the Memorandum of Understanding between ASEAN and India on Strengthening Tourism Cooperation, which would further strengthen the tourism collaboration between ASEAN and Indian national tourism organisations.
The main objective of this Protocol is to amend the MoU to protect and safeguard the rights and interests of the parties with respect to national security, national and public interest or public order, protection of intellectual property rights, confidentiality and secrecy of documents, information and data.
Both the Ministers welcomed the adoption of the Vision Statement of the ASEAN-India Commemorative Summit held on 20 December 2012 in New Delhi, India, particularly on enhancing the ASEAN Connectivity through supporting the implementation of the Master Plan on ASEAN Connectivity. The Ministers also supported the close collaboration of ASEAN and India to enhance air, sea and land connectivity within ASEAN and between ASEAN and India through ASEAN-India connectivity project.
The Ministers were pleased with the implementation progress of the MOU in 2012 through the following projects and activities:
Familiarization trip of 10 travel writers from ASEAN Member States to India;
Visit of teachers/faculty of hospitality institutes from India to ASEAN Member States and vice-versa for developing teaching modules and establishing student exchange programmes between ASEAN and India;
Visit of 10 travel writers from India to ASEAN Member States;
Familiarisation trip of 20 tour operators from ASEAN Member States to India during Buddhist Conclave; and
Exchange visit of tour operators and travel agents between ASEAN and India
In further promoting tourism exchange between ASEAN and India, the Ministers agreed to launch the ASEAN-India tourism website (www.indiaasean.org) as a platform to jointly promote tourism destinations, sharing basic information about ASEAN Member States and India and a visitor guide.
The Ministers welcomed the successful conclusion of the 8000km ASEAN-India Car Rally organised as one of the highlighted events in commemorating the 20th Anniversary of ASEAN-India Dialogue Relations in 2012.
Saturday, January 19, 2013
Nalco to commission 2nd wind power project at Jaisalmer in Sept
Kolkata: National Aluminium Co Ltd said on Thursday that its second 47.6-MW wind power plant at Ludarva in Jaisalmer district of Rajasthan would be ready for commissioning in September.
The Rs 283-crore project will be executed by Gamesa Wind Turbines involving erection of 56 wind turbines, each of 850 KW rating.
On December 30, Nalco had commissioned its first wind power project at Gandikota in Kudappa district of Andhra Pradesh. Under this project, Suzlon erected 24 wind turbines, each with 2.1-MW capacity. The project had cost Nalco Rs 274 crore.
Nalco signed the power purchase agreement with Andhra Pradesh Transco and began injection of power to the State grid.
Nalco, a large thermal power consumer for its aluminium smelting in Odhisa, is obligated to generate renewable energy under the electricity regulations.
The Rs 283-crore project will be executed by Gamesa Wind Turbines involving erection of 56 wind turbines, each of 850 KW rating.
On December 30, Nalco had commissioned its first wind power project at Gandikota in Kudappa district of Andhra Pradesh. Under this project, Suzlon erected 24 wind turbines, each with 2.1-MW capacity. The project had cost Nalco Rs 274 crore.
Nalco signed the power purchase agreement with Andhra Pradesh Transco and began injection of power to the State grid.
Nalco, a large thermal power consumer for its aluminium smelting in Odhisa, is obligated to generate renewable energy under the electricity regulations.
Hitachi Consulting to expand India operations; open to more acquisitions
Hyderabad: Hitachi Consulting is on expansion drive in India and plans to more than double its headcount from 2000 to over 4500, including strengthening its physical infrastructure.
Part of the Japanese conglomerate Hitachi Limited, Hitachi Consulting recently acquired Celerant Consulting, which significantly adds to its presence in the US and Europe and new verticals such as energy and mining.
Philip R. Parr, Chief Executive Officer and President of Hitachi Consulting, told Business Line that the company plans to significantly expand its presence while also scouting for more acquisitions in the consulting and services related business.
"We have had a very successful acquisition-led growth in the past and the company management plans to sustain the growth by further strengthening the infrastructure in India at Hyderabad, but also looking at acquisitions," he said.
Hitachi Consulting has presence in India through three centres Hyderabad, Pune and Bangalore, with Hyderabad being its biggest.
The company has about 2000 employees in India and plans to take this number up to 4,500 by investing about $ 25 million in related infrastructure.
"By expanding our presence here, we will make India, Hitachi Consulting’s biggest development and support base with more than 50 per cent associates as we head towards $ 1 billion in revenue this fiscal," he added.
Sanjay Jesrani, Executive Vice President, Head of Global Development Centre, India and China, Hitachi Consulting, said the company is keen to expand its operations and partner with some of the Japanese companies setting up centres in India and expanding presence.
Part of the Japanese conglomerate Hitachi Limited, Hitachi Consulting recently acquired Celerant Consulting, which significantly adds to its presence in the US and Europe and new verticals such as energy and mining.
Philip R. Parr, Chief Executive Officer and President of Hitachi Consulting, told Business Line that the company plans to significantly expand its presence while also scouting for more acquisitions in the consulting and services related business.
"We have had a very successful acquisition-led growth in the past and the company management plans to sustain the growth by further strengthening the infrastructure in India at Hyderabad, but also looking at acquisitions," he said.
Hitachi Consulting has presence in India through three centres Hyderabad, Pune and Bangalore, with Hyderabad being its biggest.
The company has about 2000 employees in India and plans to take this number up to 4,500 by investing about $ 25 million in related infrastructure.
"By expanding our presence here, we will make India, Hitachi Consulting’s biggest development and support base with more than 50 per cent associates as we head towards $ 1 billion in revenue this fiscal," he added.
Sanjay Jesrani, Executive Vice President, Head of Global Development Centre, India and China, Hitachi Consulting, said the company is keen to expand its operations and partner with some of the Japanese companies setting up centres in India and expanding presence.
Jet Airways partners with CentrumDirect for Forex
Mumbai: Jet Airways has entered into a partnership with CentrumDirect, one of India’s leading financial services groups, to offer Foreign Exchange Services to guests travelling abroad.
Guests may avail themselves of this facility online by providing the necessary details on the airline’s Web site www.jetairways.com.
Authorised representatives from CentrumDirect will then contact the guests to complete the transaction.
With a presence in over 40 cities within India, CentrumDirect offers 30 leading world currencies, travellers’ cheques and prepaid travel cards.
Guests may avail themselves of this facility online by providing the necessary details on the airline’s Web site www.jetairways.com.
Authorised representatives from CentrumDirect will then contact the guests to complete the transaction.
With a presence in over 40 cities within India, CentrumDirect offers 30 leading world currencies, travellers’ cheques and prepaid travel cards.
BHEL bags Rs 750 cr contract in Bhutan
New Delhi: Bharat Heavy Electricals Ltd (BHEL) has secured a contract for supplying electro-mechanical equipment for a 720 mw hyydroelectric project in Bhutan.
The order envisages manufacture, supply, erection and commissioning of the electro-mechanical equipment for Mangdechhu hydroelectric project. The value of the contract will be in the range of Rs 730 crore to Rs 750 crore, an official statement said.
The project is being set-up under a bilateral agreement between India and the Bhutan.
The order has been placed on BHEL by Mangdechhu Hydroelectric Project Authority ( MHPA), Bhutan. After the 1,200-mw Punatsangchhu-I 1200-mw and Punatsangchhu- II projects, this is BHEL's third consecutive contract for the main electro-mechanical package in Bhutan.
The company has installed its electro-mechanical equipment in Chhukha (336 mw), Kurichhu (60 mw) and Tala (1020 mw) hydroelectric projects in Bhutan. These projects today account for 95% of the total power generating capacity in that country.
On commissioning of these projects alongwith Mangdechhu project, BHEL supplied electro-mechanical equipment will account for around 4,350 MW in Bhutan by 2017.
For the present contract, four turbines and generators of 170 mw each and associated equipment will be manufactured and supplied by BHEL's Bhopal facility while the control system will be manufactured and supplied by BHEL's electronic division at Bangalore.
Besides, Bhutan, BHEL overseas hydro installations include projects in Thailand, Malaysia, New Zealand, Taiwan, Tajikistan and Nepal. BHEL also has ongoing hydro projects in Rwanda, Afghanistan, Tajikistan and DR Congo.
The order envisages manufacture, supply, erection and commissioning of the electro-mechanical equipment for Mangdechhu hydroelectric project. The value of the contract will be in the range of Rs 730 crore to Rs 750 crore, an official statement said.
The project is being set-up under a bilateral agreement between India and the Bhutan.
The order has been placed on BHEL by Mangdechhu Hydroelectric Project Authority ( MHPA), Bhutan. After the 1,200-mw Punatsangchhu-I 1200-mw and Punatsangchhu- II projects, this is BHEL's third consecutive contract for the main electro-mechanical package in Bhutan.
The company has installed its electro-mechanical equipment in Chhukha (336 mw), Kurichhu (60 mw) and Tala (1020 mw) hydroelectric projects in Bhutan. These projects today account for 95% of the total power generating capacity in that country.
On commissioning of these projects alongwith Mangdechhu project, BHEL supplied electro-mechanical equipment will account for around 4,350 MW in Bhutan by 2017.
For the present contract, four turbines and generators of 170 mw each and associated equipment will be manufactured and supplied by BHEL's Bhopal facility while the control system will be manufactured and supplied by BHEL's electronic division at Bangalore.
Besides, Bhutan, BHEL overseas hydro installations include projects in Thailand, Malaysia, New Zealand, Taiwan, Tajikistan and Nepal. BHEL also has ongoing hydro projects in Rwanda, Afghanistan, Tajikistan and DR Congo.
Anand Sharma Announces Rs. 55 Crores Scheme for Agrotextiles in Northeast
New Delhi: The Union Minister for Commerce, Industry & Textiles Shri Anand Sharma today inaugurated the second edition of TechnoTex-2013 here in Pragati Maidan. TechnoTex-2013 is an annual and premier event jointly organised by the Ministry of Textiles and FICCI, focusing exclusively on Technical Textiles. Speaking on the occasion, Shri Sharma announced a scheme on Usage of Agrotextiles in North East Region with a five year budget of Rs. 55 crores. Earlier, a pilot scheme worth Rs 500 crores for GeoTextiles was announced in the Budget Speech last year. “Viewed in tandem with our recent policy announcement of 51 per cent Foreign Direct Investment in Multi Brand Retail with its attendant benefits of reducing post-harvest agriculture and horticulture losses, the two Schemes together can change the trajectory of development in the North East Region,” said Shri Sharma. In consonance with the need to give an added thrust to the textile sector, the Minister said that the Plan outlay for the 12th Five Year Plan stands considerably enhanced to more than five times the allocation in the previous Plan to Rs 703 crores.
Shri Sharma further added that a special scheme has also been formulated in the Ministry of Textiles for the North East Region “for promotion of the Textiles Industry in this region by allowing fiscal flexibility through relaxation of parameters to suit localised region specific requirements.” Shri Sharma was confident that the approach of the Ministry and various schemes for the North East will fast track development of its infrastructure and bring in a new paradigm for economic growth in the region.
Shri Sharma, while considering the overarching and expansive nature of Technical Textiles, said that “a conscious effort has been made to solicit inter-ministerial collaborations with concerned Departments in Government of India to steer the agenda in coordinated partnership with States, Industry and related Ministries.” Shri Sharma was hopeful that both the industry and the departments as important stakeholders will find this mutually rewarding and enriching.
The Minster also said that the Ministry of Textiles is promoting technical textiles by incentivising to the extent of Rs 40 crores of the total project cost, Textile Parks specifically dedicated to Technical Textiles under the Scheme for Integrated Textile Parks (SITPs). “Five such Parks namely, the Pallavada Technical Textile Park in Tamil Nadu, Baramati Hi-Tech Park in Maharashtra, Eco Textile Park in Gujarat, Jaipur Tex Weaving Park in Rajasthan and the Technical Textile and Machinery Mega project in Karnataka are under various stages of completion and are expected to emerge as industrial hubs in their own rights, generating employment, attracting investment and augmenting our export potential,” added Shri Sharma
Shri Sharma further added that a special scheme has also been formulated in the Ministry of Textiles for the North East Region “for promotion of the Textiles Industry in this region by allowing fiscal flexibility through relaxation of parameters to suit localised region specific requirements.” Shri Sharma was confident that the approach of the Ministry and various schemes for the North East will fast track development of its infrastructure and bring in a new paradigm for economic growth in the region.
Shri Sharma, while considering the overarching and expansive nature of Technical Textiles, said that “a conscious effort has been made to solicit inter-ministerial collaborations with concerned Departments in Government of India to steer the agenda in coordinated partnership with States, Industry and related Ministries.” Shri Sharma was hopeful that both the industry and the departments as important stakeholders will find this mutually rewarding and enriching.
The Minster also said that the Ministry of Textiles is promoting technical textiles by incentivising to the extent of Rs 40 crores of the total project cost, Textile Parks specifically dedicated to Technical Textiles under the Scheme for Integrated Textile Parks (SITPs). “Five such Parks namely, the Pallavada Technical Textile Park in Tamil Nadu, Baramati Hi-Tech Park in Maharashtra, Eco Textile Park in Gujarat, Jaipur Tex Weaving Park in Rajasthan and the Technical Textile and Machinery Mega project in Karnataka are under various stages of completion and are expected to emerge as industrial hubs in their own rights, generating employment, attracting investment and augmenting our export potential,” added Shri Sharma
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