Bangalore: The Karnataka government has handed over 2,000 acres at Kuditini in the Bellary district to global steel giant ArcelorMittal to set up a six-million tonne-per-annum (mtpa) plant. The company had signed a memorandum of understanding (MoU) with the state government to set up the plant at an investment of Rs 30,000 crore.
Chief Minister Siddaramaiah said at a meeting of global investors in June 2010, the government had approved the company’s proposal for 4,800 acres to set up a steel plant. So far, the Karnataka Industrial Areas Development Board has acquired 2,000 acres and handed over the land to the company.
Replying to a question from Shivalingegowda K M in the legislative assembly on Tuesday, the chief minister clarified the proposal to acquire land for South Korean steel major Posco was dropped, following resistance from farmers and religious heads in Gadag district.
In 2010, Posco had signed an MoU with the state government to set up a six-mtpa steel plant at a cost of Rs 32,300 crore. Recently, the company announced it had withdrawn its proposal, following delay in land acquisition. Subsequently, ArcelorMittal also announced the withdrawal of its proposal to set up a steel plant in Odisha.
Siddaramaiah said so far, the government had handed over 1,274.53 acres to industries that had signed MoUs at the investors’ meeting in 2010 (excluding ArcelorMittal) and 794.45 acres to those that had signed such pacts at a similar meeting in 2012. Of the companies that had signed MoUs in 2010, 22 had commenced manufacturing, while nine companies that had signed pacts with the state government in 2012 had started manufacturing, he added.
He said so far, Rs 18,061 crore committed in 2010 and Rs 3,363 crore committed in 2012 had been invested in the state. Major companies to have invested in the state are Mangalore Refinery and Petrochemicals (Rs 15,798 crore), Honda Motorcycle and Scooter India (Rs 1,350 crore), J K Tyre & Industries (Rs 476 crore), Jindal Aluminium (Rs 370 crore), Starragheckert Machine Tools (Rs 215 crore), Hindustan Coca-Cola Beverages (Rs 250 crore), Aradya Steel (Rs 427 crore) and Shahi Exports (Rs 533 crore).
Success in my Habit
Friday, July 26, 2013
Ford's project B562 to make India a compact car global production base
Mumbai: US carmaker Ford Motor Company is making India as a compact car global production base once its Sanand plant in Gujarat comes on stream in 2014, under a project codenamed B562 that may spawn three different compact cars from the same platform.
ET learns the move is part of Ford's larger global production restructuring plan which places greater responsibility on India versus its other base in Europe and across the world. Four people close to the development told ET, a project codenamed B562 is currently under development.
A small hatchback, a sub-4 metre sedan and a midsize compact sedan are being considered to be rolled out over the next two three years.
The development work of hatchback and mid-size compact sedan is gathering speed, however sub-4 metre sedan is still at a consideration stage, said people in the know of the development.
Underlining the growing significance of India as a base Alan Mulally, Global CEO of Ford Motor Company in a recent media interaction in India said, "The demand is dramatically down for cars in Europe, like it was in United States. So we are moving production, consolidating our facilities, but at the same time, we are accelerating the new vehicles. Customers want value, so it is going to take us a couple of years to finish that restructuring, we are doing the right thing for the customers and right thing for Ford,"
The hatchback may be placed alongside the existing Figo, the sub-4 metre sedan if given a go ahead will take on Maruti SuzukiBSE -3.00 % Dzire and Honda Amaze and the mid-size compact sedan will replace Fiesta classic. Globally the hatchback is expected to replace the Ka small car, people close to the company told ET.
"The company plans to produce over 2,00,000 cars on B562 platform by 2015-16 and over 30-50% is planned to be exported to the overseas markets over a period of time. The company tested the overseas markets with Figo, they now plan to aggressively expand exports with the EcoSport and with the B562 cars, the company intends to make the best use of its competitive production base in India," said one of the four people cited above on condition on anonymity.
When contacted, Ford India's spokesperson said, "We would not speculate about our future product strategy and business operations. Ford India's product-led transformation continues with the introduction of the EcoSport and currently we have a laser sharp focus to deliver it for our customers."
While the company terms EcoSport as a game changer, people involved with the company believe, the B562 is a even bigger deal. "The cars are being developed with an aim of garnering profits quicker than some of the earlier projects. In terms of volumes, the platform will deliver largest volumes for Ford India going ahead and is expected to come with a localisation level of over 90%."
According to V G Ramakrishnan, MD, Frost & Sullivan, South Asia, a big exports push helps Ford in not only getting the pricing right for the domestic market like it did with EcoSport, but it helps the company democratize some of the high end technology at affordable price.
ET learns the move is part of Ford's larger global production restructuring plan which places greater responsibility on India versus its other base in Europe and across the world. Four people close to the development told ET, a project codenamed B562 is currently under development.
A small hatchback, a sub-4 metre sedan and a midsize compact sedan are being considered to be rolled out over the next two three years.
The development work of hatchback and mid-size compact sedan is gathering speed, however sub-4 metre sedan is still at a consideration stage, said people in the know of the development.
Underlining the growing significance of India as a base Alan Mulally, Global CEO of Ford Motor Company in a recent media interaction in India said, "The demand is dramatically down for cars in Europe, like it was in United States. So we are moving production, consolidating our facilities, but at the same time, we are accelerating the new vehicles. Customers want value, so it is going to take us a couple of years to finish that restructuring, we are doing the right thing for the customers and right thing for Ford,"
The hatchback may be placed alongside the existing Figo, the sub-4 metre sedan if given a go ahead will take on Maruti SuzukiBSE -3.00 % Dzire and Honda Amaze and the mid-size compact sedan will replace Fiesta classic. Globally the hatchback is expected to replace the Ka small car, people close to the company told ET.
"The company plans to produce over 2,00,000 cars on B562 platform by 2015-16 and over 30-50% is planned to be exported to the overseas markets over a period of time. The company tested the overseas markets with Figo, they now plan to aggressively expand exports with the EcoSport and with the B562 cars, the company intends to make the best use of its competitive production base in India," said one of the four people cited above on condition on anonymity.
When contacted, Ford India's spokesperson said, "We would not speculate about our future product strategy and business operations. Ford India's product-led transformation continues with the introduction of the EcoSport and currently we have a laser sharp focus to deliver it for our customers."
While the company terms EcoSport as a game changer, people involved with the company believe, the B562 is a even bigger deal. "The cars are being developed with an aim of garnering profits quicker than some of the earlier projects. In terms of volumes, the platform will deliver largest volumes for Ford India going ahead and is expected to come with a localisation level of over 90%."
According to V G Ramakrishnan, MD, Frost & Sullivan, South Asia, a big exports push helps Ford in not only getting the pricing right for the domestic market like it did with EcoSport, but it helps the company democratize some of the high end technology at affordable price.
ONGC, partners to invest Rs 1,100 cr in Cambay block
Mumbai: State-run Oil and Natural Gas Corp (ONGC) and its partners — Tata Petrodyne and Hindustan Oil Exploration Co — will invest Rs 1,100 crore in developing an offshore block in the Gulf of Cambay, off the west coast of India.
The area is an extension of the onshore Cambay basin in Gujarat where major oil and gas fields like Gandhar are located.
“The operating committee (of the block) met last week and agreed for the development plan. We are now awaiting a meeting of the managing committee. Once an approval is obtained, we will flag off work on the block,” said a senior official from Tata Petrodyne.
The official, who did not want to be named, added the partners would bring in Rs 1,100 crore in proportion to their participating interest in the the the CB-OS/1 block.
ONGC, with a 55.26 per cent stake, is the operator of the block. It bought the stake from BG Exploration and Production (India) Ltd in January 2005. While Tata Petrodyne holds a participating interest of 6.70 per cent, Hindustan Oil holds 38.04 per cent.
According to Tata Petrodyne's website, the minimum work obligation of drilling seven wells in the phase I of block exploration was completed in 2002. The consortium decided not to proceed to the phase II of exploration and retained only three discovery areas — A, D and Harinagar structures.
Feasibility studies conducted to develop the ‘A’ and ‘D’ structures indicated developing the ‘A’ structure was commercially viable, while the ‘D’ structure was not so viable. Accordingly, the operating committee of the block approved the commerciality of the Gulf ‘A’ discovery with initial oil reserves of 48 million barrels, of which 11 million barrels are recoverable as of now.
Production from this block is expected to commence in 2015. "The operating committee of the block CB-OS/1 has approved on July 17, 2013, the revised plan of development submitted by the operator, entailing offshore development scheme for Gulf A discovery,” said Hindustan Oil in its June quarter report. ONGC is also pursuing with the government of India for approval of commercial discovery report for Harinagar area, it added.
Hindustan Oil posted a net loss at Rs 18.3 crore in the first quarter against a profit of Rs 1.48 crore a year ago. It had posted a loss of Rs 28.33 crore in the previous quarter.
The area is an extension of the onshore Cambay basin in Gujarat where major oil and gas fields like Gandhar are located.
“The operating committee (of the block) met last week and agreed for the development plan. We are now awaiting a meeting of the managing committee. Once an approval is obtained, we will flag off work on the block,” said a senior official from Tata Petrodyne.
The official, who did not want to be named, added the partners would bring in Rs 1,100 crore in proportion to their participating interest in the the the CB-OS/1 block.
ONGC, with a 55.26 per cent stake, is the operator of the block. It bought the stake from BG Exploration and Production (India) Ltd in January 2005. While Tata Petrodyne holds a participating interest of 6.70 per cent, Hindustan Oil holds 38.04 per cent.
According to Tata Petrodyne's website, the minimum work obligation of drilling seven wells in the phase I of block exploration was completed in 2002. The consortium decided not to proceed to the phase II of exploration and retained only three discovery areas — A, D and Harinagar structures.
Feasibility studies conducted to develop the ‘A’ and ‘D’ structures indicated developing the ‘A’ structure was commercially viable, while the ‘D’ structure was not so viable. Accordingly, the operating committee of the block approved the commerciality of the Gulf ‘A’ discovery with initial oil reserves of 48 million barrels, of which 11 million barrels are recoverable as of now.
Production from this block is expected to commence in 2015. "The operating committee of the block CB-OS/1 has approved on July 17, 2013, the revised plan of development submitted by the operator, entailing offshore development scheme for Gulf A discovery,” said Hindustan Oil in its June quarter report. ONGC is also pursuing with the government of India for approval of commercial discovery report for Harinagar area, it added.
Hindustan Oil posted a net loss at Rs 18.3 crore in the first quarter against a profit of Rs 1.48 crore a year ago. It had posted a loss of Rs 28.33 crore in the previous quarter.
Indian auto components industry may invest around Rs 70 billion over the next three years: ICRA
New Delhi: The Indian auto components industry may invest around Rs 70 billion over the next three years on new projects, according to a study by ICRA.
Automobile manufacturers such as Hero MotoCorp, Maruti Suzuki and Ford, plans to establish greenfield facilities in Gujarat, encouraging auto component makers to invest around these facilities. “The above greenfield investments may entail total investments of Rs 7,000 crore to be incurred by auto component manufacturers over the next three years,” highlighted ICRA.
“Over the near term, the trepidation of auto part makers arising from dull automobile demand is likely to remain...the profitability of auto component manufacturers may be hit harder due to their smaller scale of operations and limited operational and financial flexibility,” as per the study.
However, over the medium term factors such as growing thrust on localisation and expanding business in new geographies should allow the industry to grow at a relatively faster pace than the auto OEM segment, the study added.
Automobile manufacturers such as Hero MotoCorp, Maruti Suzuki and Ford, plans to establish greenfield facilities in Gujarat, encouraging auto component makers to invest around these facilities. “The above greenfield investments may entail total investments of Rs 7,000 crore to be incurred by auto component manufacturers over the next three years,” highlighted ICRA.
“Over the near term, the trepidation of auto part makers arising from dull automobile demand is likely to remain...the profitability of auto component manufacturers may be hit harder due to their smaller scale of operations and limited operational and financial flexibility,” as per the study.
However, over the medium term factors such as growing thrust on localisation and expanding business in new geographies should allow the industry to grow at a relatively faster pace than the auto OEM segment, the study added.
Govt to fund start-ups in electronics space
New Delhi: The Government will soon unveil guidelines for financially supporting start-ups in the field of electronics. It may chip in with 15-25 per cent of the total investment for such projects through fund managers including banks or any large IT company.
“This will be the first time in the country when we will have a system by which the Government can effectively stimulate the private sector in R&D work, because we have one of the lowest intensities of R&D relative to the GDP (less than 1 per cent),” a senior official at the Department of Electronics and Information Technology (DeitY) told Business Line.
Mission mode
Once the guidelines are finalised, the Government will also fix its return on investment (at around 5 per cent). A high-level committee under the chairmanship of R. Chidambaram, Principal Scientific Adviser to the Government, is working on preparing the guidelines.
This will be part of the National Electronics Mission under the National Policy on Electronics 2012, and the investments will be routed through the Government’s ‘Electronic Development Fund’ scheme, which aims to invest $2 billion (around Rs 12,000 crore) by 2020, the official said.
“We expect additional mobilisation of around Rs 30,000 crore — to be raised from the industry by 2020. The industry is nascent right now, so we expect it to start slowly and invest around Rs 50 crore or Rs 100 crore to start with,” he said.
There are many small companies in India which are on the verge of shutting down . The proposed initiative will help such companies survive , he said.
The official said the Government is also open to working with Nasscom to support the start-ups.
He said even though institutions such as the Centre for Development of Advanced Computing , and the IITs are doing their bit it may not be sufficient.
“We need to plant thousands of trees; out of which only a few may survive, but one or two that do survive will give sufficient returns; and that is what venture capitalists do,” he said.
Under the NPE, the Government is hoping the electronics sector will achieve a turnover of around $400 billion by 2020. This involves investment of around $100 billion. It will also help employ around 28 million people by 2020.
The policy includes achieving a turnover of $55 billion for the chip design and embedded software industry, and $80 billion of exports in the sector. Over 200 electronic manufacturing clusters are also proposed to be set up.
“This will be the first time in the country when we will have a system by which the Government can effectively stimulate the private sector in R&D work, because we have one of the lowest intensities of R&D relative to the GDP (less than 1 per cent),” a senior official at the Department of Electronics and Information Technology (DeitY) told Business Line.
Mission mode
Once the guidelines are finalised, the Government will also fix its return on investment (at around 5 per cent). A high-level committee under the chairmanship of R. Chidambaram, Principal Scientific Adviser to the Government, is working on preparing the guidelines.
This will be part of the National Electronics Mission under the National Policy on Electronics 2012, and the investments will be routed through the Government’s ‘Electronic Development Fund’ scheme, which aims to invest $2 billion (around Rs 12,000 crore) by 2020, the official said.
“We expect additional mobilisation of around Rs 30,000 crore — to be raised from the industry by 2020. The industry is nascent right now, so we expect it to start slowly and invest around Rs 50 crore or Rs 100 crore to start with,” he said.
There are many small companies in India which are on the verge of shutting down . The proposed initiative will help such companies survive , he said.
The official said the Government is also open to working with Nasscom to support the start-ups.
He said even though institutions such as the Centre for Development of Advanced Computing , and the IITs are doing their bit it may not be sufficient.
“We need to plant thousands of trees; out of which only a few may survive, but one or two that do survive will give sufficient returns; and that is what venture capitalists do,” he said.
Under the NPE, the Government is hoping the electronics sector will achieve a turnover of around $400 billion by 2020. This involves investment of around $100 billion. It will also help employ around 28 million people by 2020.
The policy includes achieving a turnover of $55 billion for the chip design and embedded software industry, and $80 billion of exports in the sector. Over 200 electronic manufacturing clusters are also proposed to be set up.
Tuesday, July 23, 2013
IT's back: Outsourcing volumes of Indian firms on the upswing
Bangalore: Outsourcing volumes of Indian IT companies in the first quarter have gone up, indicating early signs of bullishness in the $100-billion sector.
This is the first time in the last eight quarters that the volume of outsourcing work has gone up for large and medium-size companies. For example, TCS reported that volumes went up by 6.1 per cent, its largest in the past seven quarters.
Similarly, Infosys, which has had trouble in maintaining volume growth over the past quarters, surprised market watchers by posting a 4.1 per cent rise in its volumes. Cognizant, Wipro and HCL Tech are yet to announce June ending quarter results.
Industry watchers opine that these positive results bode well for the sector but added that regulatory changes such as US Immigration Bill in its current form can have a negative effect. Earlier this month, India Ratings and Research maintained its stable outlook on the Indian IT services industry for the second half of 2013.
Mid-size firms
However, analysts maintain that sustaining this growth momentum and impact of wage hikes would determine whether companies can continue this run. “While volume growth is positive, the key thing to watch out is whether this momentum can be sustained consistently,” said A.K. Prabhakar, Senior Vice- President-Equity Research at Anand Rathi.
Mid-size companies also saw decent volume momentum. iGATE reported 4 per cent growth and MindTree posted 4.1 per cent growth. Hexaware, another mid-size company, saw muted 1.5 per cent increase in its volumes when compared to the previous quarter but said that some of the deals that it is negotiating will spill into the next couple of quarters.
The June quarter also saw management bullish on the deal pipeline across most IT companies and some stability on the pricing it charges to its clients. TCS CEO Chandrasekaran pointed out that the company is seeing a pickup in discretionary IT spending, which comes with better margins.
Mid-size companies also indicated a better deal pipeline and some like Hexaware have indicated an upward revenue guidance for the next quarter, said Rumit Dugar, IT analyst with Religare Institutional Research.
This is the first time in the last eight quarters that the volume of outsourcing work has gone up for large and medium-size companies. For example, TCS reported that volumes went up by 6.1 per cent, its largest in the past seven quarters.
Similarly, Infosys, which has had trouble in maintaining volume growth over the past quarters, surprised market watchers by posting a 4.1 per cent rise in its volumes. Cognizant, Wipro and HCL Tech are yet to announce June ending quarter results.
Industry watchers opine that these positive results bode well for the sector but added that regulatory changes such as US Immigration Bill in its current form can have a negative effect. Earlier this month, India Ratings and Research maintained its stable outlook on the Indian IT services industry for the second half of 2013.
Mid-size firms
However, analysts maintain that sustaining this growth momentum and impact of wage hikes would determine whether companies can continue this run. “While volume growth is positive, the key thing to watch out is whether this momentum can be sustained consistently,” said A.K. Prabhakar, Senior Vice- President-Equity Research at Anand Rathi.
Mid-size companies also saw decent volume momentum. iGATE reported 4 per cent growth and MindTree posted 4.1 per cent growth. Hexaware, another mid-size company, saw muted 1.5 per cent increase in its volumes when compared to the previous quarter but said that some of the deals that it is negotiating will spill into the next couple of quarters.
The June quarter also saw management bullish on the deal pipeline across most IT companies and some stability on the pricing it charges to its clients. TCS CEO Chandrasekaran pointed out that the company is seeing a pickup in discretionary IT spending, which comes with better margins.
Mid-size companies also indicated a better deal pipeline and some like Hexaware have indicated an upward revenue guidance for the next quarter, said Rumit Dugar, IT analyst with Religare Institutional Research.
Corona ties up with Spanish company to sell ORS gel
Ahmedabad: Corona Remedies Pvt Ltd on Monday announced a tie up with Spain’s Medical Diagnostics Aragon (MDA) for the pan-India launch of ‘Rehidrata-T,’ an oral rehydration salt (ORS) formulation in gel form.
The Ahmedabad-based company, whose turnover is expected to increase from Rs 100 crore in 2012-13 to Rs 150 crore in the current fiscal, will import Rehidrata-T for exclusive marketing in India where the ORS market size is about Rs 2,000 crore per annum with a CAGR of 10 per cent. “We are targeting a 10 per cent of this market in the first year,” said Nirav K. Mehta, Marketing Director, Corona Remedies.
Corona, mainly a drug marketing company, which signed a 10-year exclusivity agreement with MDS , is banking on Rehidrata-T’s hydrogel technology recommended by the WHO. The shelf-life of this product is 24 months. The ORS sachet will be available in two palatable tastes with a price tag of Rs 35 each. MDS has a 25 per cent market share of Rehidrata-T in Spain, he said, adding the product is already available in over 30 countries.
Jose Ignacio, CEO of MDA, said Rehidrata-T is a rehydration product with an edge over conventional solid ORS or tetra packs available. Its gel format permits it to be eaten in frozen form also, making it easily consumable by children and patients as a dessert or ice cream. This makes the intake of ORS easier and safer for even chemotherapy radiation patients with mouth sores and is also suitable for certain diabetics.
Corona is also looking to address the bed-wetting problem of children and the elderly by marketing another product imported from MDA.
The company, which also has a manufacturing plant at Solan, Himachal Pradesh, plans to set up another plant at Changodar near Ahmedabad where it has acquired land.
The Ahmedabad-based company, whose turnover is expected to increase from Rs 100 crore in 2012-13 to Rs 150 crore in the current fiscal, will import Rehidrata-T for exclusive marketing in India where the ORS market size is about Rs 2,000 crore per annum with a CAGR of 10 per cent. “We are targeting a 10 per cent of this market in the first year,” said Nirav K. Mehta, Marketing Director, Corona Remedies.
Corona, mainly a drug marketing company, which signed a 10-year exclusivity agreement with MDS , is banking on Rehidrata-T’s hydrogel technology recommended by the WHO. The shelf-life of this product is 24 months. The ORS sachet will be available in two palatable tastes with a price tag of Rs 35 each. MDS has a 25 per cent market share of Rehidrata-T in Spain, he said, adding the product is already available in over 30 countries.
Jose Ignacio, CEO of MDA, said Rehidrata-T is a rehydration product with an edge over conventional solid ORS or tetra packs available. Its gel format permits it to be eaten in frozen form also, making it easily consumable by children and patients as a dessert or ice cream. This makes the intake of ORS easier and safer for even chemotherapy radiation patients with mouth sores and is also suitable for certain diabetics.
Corona is also looking to address the bed-wetting problem of children and the elderly by marketing another product imported from MDA.
The company, which also has a manufacturing plant at Solan, Himachal Pradesh, plans to set up another plant at Changodar near Ahmedabad where it has acquired land.
Italian co Streparava buys out Indian joint venture partner Sansera Engg
Mumbai: Italian auto component maker Streparava Holding SPA said it has bought out its Indian partner Sansera Engineering from the joint venture that makes engine parts. The financials of the deal were not disclosed.
Streparava earlier held 49 per cent equity in the company and the remaining 51 per cent was held by Sansera Engineering Pvt Ltd.
Sansera Engineering is located in Bangalore and will now be Streparava’s wholly-owned Indian venture. Streparava is an Italian manufacturer of auto components and makes rocker arms, chassis components, bearing cups, valve bridges and other powertrain components for the commercial vehicle industry.
Streparava was founded in 1951 and has been operating in Italy for over 60 years. Apart from Italy, Streparava has a presence in Brazil, Spain and China.
The Indian company Sansera Engineering’s commercial production started in 1987. It supplies products to more than 20 customers in India and globally. Its reported consolidated revenue was about Rs 550 crore for the year ended March 31.
In a statement, a spokesperson of Streparava said, “Streparava is committed to strengthening its presence in India beyond the current range of products being produced in the Bangalore facility, to other areas such as driveline and chassis components.”
Tecnova India, a Delhi-based consulting company, was the advisor to the deal.
Streparava earlier held 49 per cent equity in the company and the remaining 51 per cent was held by Sansera Engineering Pvt Ltd.
Sansera Engineering is located in Bangalore and will now be Streparava’s wholly-owned Indian venture. Streparava is an Italian manufacturer of auto components and makes rocker arms, chassis components, bearing cups, valve bridges and other powertrain components for the commercial vehicle industry.
Streparava was founded in 1951 and has been operating in Italy for over 60 years. Apart from Italy, Streparava has a presence in Brazil, Spain and China.
The Indian company Sansera Engineering’s commercial production started in 1987. It supplies products to more than 20 customers in India and globally. Its reported consolidated revenue was about Rs 550 crore for the year ended March 31.
In a statement, a spokesperson of Streparava said, “Streparava is committed to strengthening its presence in India beyond the current range of products being produced in the Bangalore facility, to other areas such as driveline and chassis components.”
Tecnova India, a Delhi-based consulting company, was the advisor to the deal.
OnMobile completes $17.8-m Livewire deal
Mumbai: Bangalore-based value-added services company OnMobile Global Ltd, which had entered into an agreement to acquire the business assets of Boston-based mobile entertainment firm Livewire Mobile for $17.8 million (around Rs 105 crore), has closed the transaction.
Livewire Mobile’s portfolio of mobile music and gaming solutions and its client base, including Sprint, US Cellular and Cricket, will combine with OnMobile’s American customer base, including AT&T, T-Mobile and Rogers, to establish a footprint at six of the top ten mobile operators in North America.
The new combined entity presents a single source solution for integrated value added services (VAS) that will cater to high value subscriber segments, including youth and upwardly mobile professionals.
With global mobile operators struggling to monetise mobile data beyond core data plans, the going would not be easy for the company, given the aggressive competition in the market.
However, Harry Wang, lead mobile analyst from international market research firm, Parks Associates, said that the mobile VAS market represents an attractive opportunity for operators, who need to find an efficient means to aggregate, package, distribute, and manage content and services in order to create a differentiated user experience.
Onmobile Global Ltd is a B2B digital VAS provider, providing mobile entertainment services for top telecom operators in Asia, Africa and Europe.
Livewire Mobile’s portfolio of mobile music and gaming solutions and its client base, including Sprint, US Cellular and Cricket, will combine with OnMobile’s American customer base, including AT&T, T-Mobile and Rogers, to establish a footprint at six of the top ten mobile operators in North America.
The new combined entity presents a single source solution for integrated value added services (VAS) that will cater to high value subscriber segments, including youth and upwardly mobile professionals.
With global mobile operators struggling to monetise mobile data beyond core data plans, the going would not be easy for the company, given the aggressive competition in the market.
However, Harry Wang, lead mobile analyst from international market research firm, Parks Associates, said that the mobile VAS market represents an attractive opportunity for operators, who need to find an efficient means to aggregate, package, distribute, and manage content and services in order to create a differentiated user experience.
Onmobile Global Ltd is a B2B digital VAS provider, providing mobile entertainment services for top telecom operators in Asia, Africa and Europe.
Foodgrain production estimated at 255.36 MT
Pulses Production Estimated at Record 18.45 MT
4th Advance Estimates Of Foodgrain Production for 2012-13 Released
New Delhi: The Government today released the 4th advance estimates of foodgrain production for 2012-13. As per the latest estimates, India has produced 255.36 million tonnes of foodgrains during 2012-13 compared to 259.29 million tonnes in the previous year.
The production estimates for major crops for 2012-13 are as follows:
Total foodgrains – 255.36 million tonnes
Rice – 104.40 million tonnes
Wheat – 92.46 million tonnes
Coarse Cereals – 40.06 million tonnes
Maize – 22.23 million tonnes
Pulses – 18.45 million tonnes
Tur – 3.07 million tonnes
Urad – 1.90 million tonnes
Moong – 1.20 million tonnes
Gram – 8.88 million tonnes
Oilseeds – 31.01 million tonnes
Soyabean – 14.68 million tonnes
Groundnut – 4.75 million tonnes
Rapeseed & mustard – 7.82 million tonnes
Cotton – 34.00 million bales (of 170 kg each)
Sugarcane – 338.96 million tonnes
MP:SS: BK:CP: fourth advance estimates (22.7.2013)
4th Advance Estimates Of Foodgrain Production for 2012-13 Released
New Delhi: The Government today released the 4th advance estimates of foodgrain production for 2012-13. As per the latest estimates, India has produced 255.36 million tonnes of foodgrains during 2012-13 compared to 259.29 million tonnes in the previous year.
The production estimates for major crops for 2012-13 are as follows:
Total foodgrains – 255.36 million tonnes
Rice – 104.40 million tonnes
Wheat – 92.46 million tonnes
Coarse Cereals – 40.06 million tonnes
Maize – 22.23 million tonnes
Pulses – 18.45 million tonnes
Tur – 3.07 million tonnes
Urad – 1.90 million tonnes
Moong – 1.20 million tonnes
Gram – 8.88 million tonnes
Oilseeds – 31.01 million tonnes
Soyabean – 14.68 million tonnes
Groundnut – 4.75 million tonnes
Rapeseed & mustard – 7.82 million tonnes
Cotton – 34.00 million bales (of 170 kg each)
Sugarcane – 338.96 million tonnes
MP:SS: BK:CP: fourth advance estimates (22.7.2013)
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