Coimbatore: The Apparel Export Promotion Council (AEPC) is organising a buyer-seller meet in Tel Aviv, Israel on September 5 and 6.
Urging the exporters to make best use of this opportunity, Mr D.G. Reddy, Senior Director of the Council in Tirupur, said that the meet would help exporters capture not just the Israel apparel market, but the $11-billion apparel market of the West Asian region
“Israel has Free Trade Agreements with both the US and EU. By virtue of the North American Free Trade Area agreement, Israel also enjoys duty-free access to Canada and Mexico and has FTAs with Jordan, Egypt, Turkey and the Palestinian Authority,” Mr Reddy said.
He pointed out that buyers such as Crazyine, Renaur, Lucci, Castro Models, Golf, Fox & Honigman have all confirmed their visit during the buyer-seller meet.
Sharing some details about Israel's readymade garment imports, Mr Reddy said, “the potential is huge.”
Success in my Habit
Thursday, May 17, 2012
Wednesday, May 16, 2012
It is destination Bangalore for overseas tech product start-ups
Bangalore: Snap MyLife Inc, a start-up headquartered in Princeton, New Jersey, which provides cloud-based applications, opened its India development centre in February.
Similarly, in April, BloomReach, a California-based start-up that develops products for Web-based marketing, set up its Bangalore R&D centre.
It is not just companies from the US, but start-ups from other countries are also flocking to Bangalore due to the wide talent pool available here.
New Zealand-based Pingar, with offices in Hong Kong, India, the UK and the US, entered India in February in partnership with CMC to develop and implement software products in India and abroad. A couple of years ago, top IT companies like Infosys and others started to move into tier-2 cities like Thiruvananthapuram. But for product start-ups, Bangalore is the big draw.
Good quality engineers
“Despite high commercial real estate, we see good quality technical engineers for developing products like ours in Bangalore,” said Mr Jiren Parikh, President and CEO of Snap MyLife.
According to analysts and industry watchers, what has changed now is the increased maturity and the perception of building products that create higher value. “Career paths in product companies add a lot of value and engineering graduates are starting to realise that,” said Mr Reji Baby, Vice-President, Engineering, Snap MyLife India.
Others share a similar point of view. “People migrate to different companies since they don't get to build products, and Bangalore has a wide talent pool to choose from. Also, opportunities in areas like cloud and mobility are making employees consider product companies,” said Mr Vinodh Kumar, Global Director of Engineering and Head of BloomReach India. BloomReach India, a three-year-old company was started by ex-Google employees.
Snap MyLife currently employs 35 product engineers and, according to company executives, will triple the number in the next few months. Pingar India plans to increase its staff strength in Bangalore from 13 to 35 over the next few months. “These positions will be focused largely on new business development and technical engineering support,” said Mr Peter Wren-Hilton, CEO, Pingar.
BloomReach, which has about 80 employees in the US, said it plans to hire aggressively in India.
Similarly, in April, BloomReach, a California-based start-up that develops products for Web-based marketing, set up its Bangalore R&D centre.
It is not just companies from the US, but start-ups from other countries are also flocking to Bangalore due to the wide talent pool available here.
New Zealand-based Pingar, with offices in Hong Kong, India, the UK and the US, entered India in February in partnership with CMC to develop and implement software products in India and abroad. A couple of years ago, top IT companies like Infosys and others started to move into tier-2 cities like Thiruvananthapuram. But for product start-ups, Bangalore is the big draw.
Good quality engineers
“Despite high commercial real estate, we see good quality technical engineers for developing products like ours in Bangalore,” said Mr Jiren Parikh, President and CEO of Snap MyLife.
According to analysts and industry watchers, what has changed now is the increased maturity and the perception of building products that create higher value. “Career paths in product companies add a lot of value and engineering graduates are starting to realise that,” said Mr Reji Baby, Vice-President, Engineering, Snap MyLife India.
Others share a similar point of view. “People migrate to different companies since they don't get to build products, and Bangalore has a wide talent pool to choose from. Also, opportunities in areas like cloud and mobility are making employees consider product companies,” said Mr Vinodh Kumar, Global Director of Engineering and Head of BloomReach India. BloomReach India, a three-year-old company was started by ex-Google employees.
Snap MyLife currently employs 35 product engineers and, according to company executives, will triple the number in the next few months. Pingar India plans to increase its staff strength in Bangalore from 13 to 35 over the next few months. “These positions will be focused largely on new business development and technical engineering support,” said Mr Peter Wren-Hilton, CEO, Pingar.
BloomReach, which has about 80 employees in the US, said it plans to hire aggressively in India.
Indian MNCs get robust
New Dehi: The robustness of an economy is partly reflected in the health and standing of its multinational or transnational companies. This, in turn, reveals the relative strength of its different industries and the prowess of leading corporate entities. The Indian School of Business, in co-operation with a Brazilian counterpart, has constructed a transnational index to rank Indian multinationals and thereby gain available insights. The index combines size measured in three ways: through revenue, through assets and through the number of employees. The progress that Indian companies have made in the last decade can be gauged from the fact that when at the turn of the century a few leading Indian companies and industries were claimed to be globally competitive, the criteria used were more technical than quantitative. For example, Tata Steel was considered to be globally competitive because it was adjudged a leading low-cost producer, and Reliance Industries emerged as an efficient refiner because of its ability to cut project costs and, thus, improve refining margins. Several auto component firms rose to fame by being able to secure the Deming prize for quality. And most recently, leading Indian IT companies have secured the highest levels of quality certification.
Today the story can be told in terms of share of global revenue and assets in the firms’ total numbers. Now, more than half the assets and revenues of the top 15 global Indian companies are sourced globally. Metal and metal products (Tata Steel and Hindalco), software (TCS, Infosys and HCL) and pharmaceuticals and life sciences (Dr Reddy’s and Jubilant) are prominent in the list. Indian companies have gone global largely through their acquisitions. Tata Steel bought Corus; Tata Motors, Jaguar Land Rover; Hindalco, Novelis — and, most recently, Bharti Airtel bought Zain. But if any business organisation stands out, it is the Tatas, who account for as many as six of the top 15 Indian multinationals. They are the most international in their mindset and willingness to do business. However, recent figures (particularly of the last three years) have to be seen in the right historical context. Most Indian acquisitions took place during the period of ample liquidity (debt-funded acquisitions were easy to accomplish during the boom years before 2008). The only large acquisition that took place afterwards was by Bharti Airtel. Thus, the last three years stand out as a period of consolidation of global business in relation to domestic business, and not of going forward. Building competitiveness and going global are slow processes. Both Tata Motors and Hindalco appear to have absorbed their acquisitions well, although Tata Steel will probably take a bit more time to do so. What is more, the relative health of large Indian multinationals, in sharp contrast to the travails that the domestic economy is facing, suggests that it is only a matter of time before global growth picks up pace.
Today the story can be told in terms of share of global revenue and assets in the firms’ total numbers. Now, more than half the assets and revenues of the top 15 global Indian companies are sourced globally. Metal and metal products (Tata Steel and Hindalco), software (TCS, Infosys and HCL) and pharmaceuticals and life sciences (Dr Reddy’s and Jubilant) are prominent in the list. Indian companies have gone global largely through their acquisitions. Tata Steel bought Corus; Tata Motors, Jaguar Land Rover; Hindalco, Novelis — and, most recently, Bharti Airtel bought Zain. But if any business organisation stands out, it is the Tatas, who account for as many as six of the top 15 Indian multinationals. They are the most international in their mindset and willingness to do business. However, recent figures (particularly of the last three years) have to be seen in the right historical context. Most Indian acquisitions took place during the period of ample liquidity (debt-funded acquisitions were easy to accomplish during the boom years before 2008). The only large acquisition that took place afterwards was by Bharti Airtel. Thus, the last three years stand out as a period of consolidation of global business in relation to domestic business, and not of going forward. Building competitiveness and going global are slow processes. Both Tata Motors and Hindalco appear to have absorbed their acquisitions well, although Tata Steel will probably take a bit more time to do so. What is more, the relative health of large Indian multinationals, in sharp contrast to the travails that the domestic economy is facing, suggests that it is only a matter of time before global growth picks up pace.
Tamil Nadu aims to become investment destination of choice
he state of Tamil Nadu is seeing a sudden surge in investments. In a single day — May 14 — the state government signed MoUs for investments worth Rs 7,850 crore, a major chunk of which will come from the automobile industry. State government representatives said these MoUs indicate that investors, especially the automobile industry, are reiterating their faith in the state.
Twenty-eight leading industrial institutions have come forward to invest about Rs 36,000 crore in Tamil Nadu, according to the state industries department. These proposals are now at different stages of consideration.
The companies that signed MoUs on Monday include Ashok Leyland- Nissan, Yamaha, Daimler and Eicher Motors. The investments come at a time when the J Jayalalithaa-led government is celebrating the occasion of completing one year in power on Wednesday.
From the MoU it signed, Ashok Leyland-Nissan Motor Company will invest Rs 4,150 crore in facilities at Hosur, Pillaipakkam, Ennore, Vellivavayssavadi and Oragadam.
Daimler India Commercial Vehicle Pvt Ltd also signed an agreement with the state government — to increase the investment in its plant at Oragadam (near Chennai) to Rs 4,000 crore. On April 18, the chief minister had inaugurated Daimler’s commercial vehicle plant at Oragadam. The company has so far invested about Rs 2,500 crore in Tamil Nadu, according to the state industries department.
The other major investment committed was Rs 1,500 crore, by India Yamaha Motor Pvt Ltd, the Indian arm of Japanese two-wheeler major Yamaha Motor Co Ltd, for a green-field facility to manufacture two-wheelers. The investment will be spread over five years and the facility will come up at Vallam Vadagal on the outskirts of Chennai.
“This facility will be the company’s largest factory in Asia,” said Roy Kurian, national business head- sales, India Yamaha Motor. The first product to be rolled out from the factory will be Yamaha’s Scooter Ray.
Hiroyuki Suzuki, CEO and managing director, India Yamaha Motor, said, “Two main reasons why we chose Tamil Nadu over other states in the south are the supplier base and the ease of catering to export markets from Tamil Nadu.”
The other two investments for which MoUs were signed on Monday are Rs 350 crore by Eicher Motors to set up a two-wheeler factory at Oragadam for Royal Enfield and another Rs 350 crore by Philips Carbon Black Ltd for setting up a facility at Tiruvallur.
“The state received investment proposals worth Rs 59,907 crore between May 2011 and January 2012. This includes Fortune 500 companies who are ready to invest over the next six months,” says P Thangamani, minister for industries.
This shows the investment environment is improving, the minister said, adding that according to the secretariat for industrial assistance of the Union commerce ministry, between May 2011 and January 2012, the Tamil Nadu government received investment proposals totalling Rs 59,907 crore. The Jayalalithaa-led government took charge on May 16, 2011.
Some of the major investments that were committed after the new government took over include:
Nagarjuna Oil Refinery Limited’s additional investment of around Rs 12,000 crore over and above the already committed Rs 10,000 crore (including the setting up of a Rs 7,160 crore refinery and captive port along with storage infrastructure).
State-run Tamil Nadu Industrial Development Corporation (Tidco) signed a MoU with GAIL to float a new company, which in turn will invest around Rs 10,000 crore to set up pipeline infrastructure and power projects based on LNG.
Tidco also inked a MoU with Indian Oil Corporation to set up a Rs 4,500 crore LNG terminal.
In real estate, a consortium led by Ascendas will set up a Rs 3,517 crore township. A manufacturing zone inside the township is expected to attract investments of around Rs 15,000 crore and create 40,000 jobs.
In the auto sector, Ford India will invest an additional Rs 750 crore. It was during Jayalalithaa’s earlier tenure as chief minister that the US auto major had decided to set up a manufacturing unit near Chennai.
Tamil Nadu is one of the largest automobile hubs in the country, with a capacity to manufacture 1.3 million cars and 360,000 commercial vehicles every year. This translates into three cars every minute and one commercial vehicle every 75 seconds.
Tamil Nadu is currently ranked the fourth largest state in India in terms of the size of its economy. While the share of the agricultural sector in TN’s economy is 12.6 per cent, the secondary sector is 25.8 per cent and the services sector 61.6 per cent. The share of the secondary sector comprises the manufacturing, electricity, gas and construction industries. Within the secondary sector, the share of manufacturing industries is 19.5 per cent.
The state government has for the first time embarked on the preparation of a ‘Tamil Nadu Vision 2023’ — a plan to guide overall development. This envisages that GSDP at constant prices will grow at 11 per cent or more per annum over the next 10 years — faster than the national growth rate. This will require the state’s manufacturing sector to grow at 14 per cent a year between 2012 and 2023.
To make this possible, the government has taken steps to address two major issues — land and power. The government proposes to create a land bank of 16,400 acres from which allotments will be made to industry. The State Industries Promotion Corporation of Tamil Nadu will acquire land across six districts. On the power crisis, the government says it will be resolved by the end of this year.
Twenty-eight leading industrial institutions have come forward to invest about Rs 36,000 crore in Tamil Nadu, according to the state industries department. These proposals are now at different stages of consideration.
The companies that signed MoUs on Monday include Ashok Leyland- Nissan, Yamaha, Daimler and Eicher Motors. The investments come at a time when the J Jayalalithaa-led government is celebrating the occasion of completing one year in power on Wednesday.
From the MoU it signed, Ashok Leyland-Nissan Motor Company will invest Rs 4,150 crore in facilities at Hosur, Pillaipakkam, Ennore, Vellivavayssavadi and Oragadam.
Daimler India Commercial Vehicle Pvt Ltd also signed an agreement with the state government — to increase the investment in its plant at Oragadam (near Chennai) to Rs 4,000 crore. On April 18, the chief minister had inaugurated Daimler’s commercial vehicle plant at Oragadam. The company has so far invested about Rs 2,500 crore in Tamil Nadu, according to the state industries department.
The other major investment committed was Rs 1,500 crore, by India Yamaha Motor Pvt Ltd, the Indian arm of Japanese two-wheeler major Yamaha Motor Co Ltd, for a green-field facility to manufacture two-wheelers. The investment will be spread over five years and the facility will come up at Vallam Vadagal on the outskirts of Chennai.
“This facility will be the company’s largest factory in Asia,” said Roy Kurian, national business head- sales, India Yamaha Motor. The first product to be rolled out from the factory will be Yamaha’s Scooter Ray.
Hiroyuki Suzuki, CEO and managing director, India Yamaha Motor, said, “Two main reasons why we chose Tamil Nadu over other states in the south are the supplier base and the ease of catering to export markets from Tamil Nadu.”
The other two investments for which MoUs were signed on Monday are Rs 350 crore by Eicher Motors to set up a two-wheeler factory at Oragadam for Royal Enfield and another Rs 350 crore by Philips Carbon Black Ltd for setting up a facility at Tiruvallur.
“The state received investment proposals worth Rs 59,907 crore between May 2011 and January 2012. This includes Fortune 500 companies who are ready to invest over the next six months,” says P Thangamani, minister for industries.
This shows the investment environment is improving, the minister said, adding that according to the secretariat for industrial assistance of the Union commerce ministry, between May 2011 and January 2012, the Tamil Nadu government received investment proposals totalling Rs 59,907 crore. The Jayalalithaa-led government took charge on May 16, 2011.
Some of the major investments that were committed after the new government took over include:
Nagarjuna Oil Refinery Limited’s additional investment of around Rs 12,000 crore over and above the already committed Rs 10,000 crore (including the setting up of a Rs 7,160 crore refinery and captive port along with storage infrastructure).
State-run Tamil Nadu Industrial Development Corporation (Tidco) signed a MoU with GAIL to float a new company, which in turn will invest around Rs 10,000 crore to set up pipeline infrastructure and power projects based on LNG.
Tidco also inked a MoU with Indian Oil Corporation to set up a Rs 4,500 crore LNG terminal.
In real estate, a consortium led by Ascendas will set up a Rs 3,517 crore township. A manufacturing zone inside the township is expected to attract investments of around Rs 15,000 crore and create 40,000 jobs.
In the auto sector, Ford India will invest an additional Rs 750 crore. It was during Jayalalithaa’s earlier tenure as chief minister that the US auto major had decided to set up a manufacturing unit near Chennai.
Tamil Nadu is one of the largest automobile hubs in the country, with a capacity to manufacture 1.3 million cars and 360,000 commercial vehicles every year. This translates into three cars every minute and one commercial vehicle every 75 seconds.
Tamil Nadu is currently ranked the fourth largest state in India in terms of the size of its economy. While the share of the agricultural sector in TN’s economy is 12.6 per cent, the secondary sector is 25.8 per cent and the services sector 61.6 per cent. The share of the secondary sector comprises the manufacturing, electricity, gas and construction industries. Within the secondary sector, the share of manufacturing industries is 19.5 per cent.
The state government has for the first time embarked on the preparation of a ‘Tamil Nadu Vision 2023’ — a plan to guide overall development. This envisages that GSDP at constant prices will grow at 11 per cent or more per annum over the next 10 years — faster than the national growth rate. This will require the state’s manufacturing sector to grow at 14 per cent a year between 2012 and 2023.
To make this possible, the government has taken steps to address two major issues — land and power. The government proposes to create a land bank of 16,400 acres from which allotments will be made to industry. The State Industries Promotion Corporation of Tamil Nadu will acquire land across six districts. On the power crisis, the government says it will be resolved by the end of this year.
Vast scope for enhancing trade with Latin America, Africa: Scindia
New Delhi: There is great potential for enhancing trade with Latin American and African countries, Mr Jyotiraditya Scindia, Minister of State for Commerce and Industry, said here on Tuesday. “Ten Free Trade Agreements (FTAs) have been successfully completed, while five limited-scope Preferential Trade Agreements are in the process, and seven more proposals for FTAs are under consideration,” he said at the inaugural session of ‘New Focus Markets: LAC & Africa', organised by the Confederation of Indian Industry.
In the LAC region, Mr Scindia saw scope in sectors such as agriculture, pharmaceuticals and mining. In the area of renewable energy, India and Brazil have high potential for wind power generation, he added. On India-Africa engagement, he said Africa's bilateral trade with India had grown from $1 billion in 1990 to $3 billion in 2000. He said the developing world was increasingly becoming an important driver of the world's economy. “Asia's share of the global economy in terms of purchasing power parity has risen from 7 per cent in 1980 to 25 per cent in 2010,” he added.
In the LAC region, Mr Scindia saw scope in sectors such as agriculture, pharmaceuticals and mining. In the area of renewable energy, India and Brazil have high potential for wind power generation, he added. On India-Africa engagement, he said Africa's bilateral trade with India had grown from $1 billion in 1990 to $3 billion in 2000. He said the developing world was increasingly becoming an important driver of the world's economy. “Asia's share of the global economy in terms of purchasing power parity has risen from 7 per cent in 1980 to 25 per cent in 2010,” he added.
Mumbai to host Korean expo for SME sector
Mumbai: Scores of Korean and Indian companies in the SME (small and medium enterprise) segment are scheduled to meet in Mumbai on May 16-17 in one of the biggest Korean Sourcing Expo wherein over 70 leading suppliers will showcase a wide variety of products ranging from consumer goods, electronics and electrical items, and industrial equipments.
Called Korea Sourcing Fair 2012, the expo will seek to initiate and formalise alliances and partnerships between Korean and Indian SMEs. Latest products and technologies from Korea will be available to Indian counterparts, the event managers said.
Organised by the Korean government-owned GSBC, the expo will witness signing of a Memorandum of Understanding between Small and Medium Enterprise Chamber of India and GSBC to bring the SMEs in both countries to foster closer commercial relations.
Called Korea Sourcing Fair 2012, the expo will seek to initiate and formalise alliances and partnerships between Korean and Indian SMEs. Latest products and technologies from Korea will be available to Indian counterparts, the event managers said.
Organised by the Korean government-owned GSBC, the expo will witness signing of a Memorandum of Understanding between Small and Medium Enterprise Chamber of India and GSBC to bring the SMEs in both countries to foster closer commercial relations.
Logistics firm DTDC buys 53% stake in Eurostar Express
Mumbai: Logistics major DTDC Courier and Cargo has acquired 53% stake in UAE-based Eurostar Express for an undisclosed amount.
"The acquisition allows DTDC to combine its strength with Eurostar and penetrate and consolidate its presence all over the West Asia, including GCC and MENA areas, more comprehensively," said Suresh Bansal, director and head of international business, DTDC.
DTDC's move to invest in a global company comes at a time when foreign companies are largely investing in firms in India. In recent times, logistics giant Fedex bought out Mumbai-based AFL Freight and private equity players have been investing in logistics players in the country.
The acquisition will enable the Bangalore-based company access to the robust infrastructure and quality delivery capabilities in Dubai and Abu Dhabi, he said.
Eurostar group will hold 33% in Eurostar Express. Anil Ambani's Reliance Capital holds 44% stake in DTDC.
"The acquisition allows DTDC to combine its strength with Eurostar and penetrate and consolidate its presence all over the West Asia, including GCC and MENA areas, more comprehensively," said Suresh Bansal, director and head of international business, DTDC.
DTDC's move to invest in a global company comes at a time when foreign companies are largely investing in firms in India. In recent times, logistics giant Fedex bought out Mumbai-based AFL Freight and private equity players have been investing in logistics players in the country.
The acquisition will enable the Bangalore-based company access to the robust infrastructure and quality delivery capabilities in Dubai and Abu Dhabi, he said.
Eurostar group will hold 33% in Eurostar Express. Anil Ambani's Reliance Capital holds 44% stake in DTDC.
Ashok Leyland-Nissan, Daimler, India Yamaha to invest Rs 9,650 cr in TN
Chennai/New Delhi: Three companies will invest a total of Rs 9,150 crore in Tamil Nadu. The companies today signed the agreements with the industry department in the presence of the Chief Minister, Ms J. Jayalalithaa.
Ashok Leyland-Nissan Motor Company will invest Rs 4,150 crore in plants in Hosur, Pillaipakkam, Ennore, Velli Vaayalsavadi and Oragadam. Mr R. Seshasayee, Executive Vice-Chairman of the company, along with Mr Yuuji Tsukagoshi, Chairman, were present during the occassion, says a State government press release.
Daimler India Commercial Vehicle Pvt Ltd signed an agreement to increase the invest in its plant in Oragadam to Rs 4,000 crore. The company's CEO and Managing Director, Mr Marc Llistosella, was present during the signing of the agrement.
The third agreement was by India Yamaha Motor Ltd to invest Rs 1,500 crore in a Vallam Vadakal Sipcot Industrial. Its CEO and Managing Director, Mr Hiroyuki Suzuki, and the Deputy Managing Director, Mr Riyuju Kawashima, were present during the signing of the agreement.
This plant is expected to have a major focus on the export markets.
Mr Hiroyuki Suzuki, CEO and Managing Director, India Yamaha Motor, said, “This is in line with Yamaha Motor Corp’s medium-term management plans of enhancing local production levels to meet the demand growth in emerging markets such as India and their export markets.”
He added, “The Indian two-wheeler industry has witnessed much growth in the last few years, attributable to increased disposable income levels among a rapidly expanding middle class.”
Initially, the new factory will employ 1,800 people and have an annual production capacity of 4 lakh units at the start of operations. The capacity will reach 1.8 million units annually by 2018, at which time it will employ around 6,500 people.
In all, Yamaha will have a 2.8 million unit capacity by 2018, inclusive of its bike plant at Surajpur, Uttar Pradesh, where capacity was recently increased from 6 lakh to one million on a Rs 750 crore investment. It has another plant for two-wheeler parts at Faridabad, Haryana.
The new Chennai Factory will be the first in the Yamaha Motor group to have a vendor park in its nearby vicinity, thus enabling complete synchronization of external supplier parts production as well. This system will reduce losses in the areas of production management and distribution, the company said.
Yamaha looks to sell 2 million units and achieve a 10 per cent market share by 2016, by which time the two wheeler market is expected to touch 20 million units. Among its main challengers in India will be incumbents Hero MotoCorp and Bajaj Auto, apart from the fast growing Honda.
Ashok Leyland-Nissan Motor Company will invest Rs 4,150 crore in plants in Hosur, Pillaipakkam, Ennore, Velli Vaayalsavadi and Oragadam. Mr R. Seshasayee, Executive Vice-Chairman of the company, along with Mr Yuuji Tsukagoshi, Chairman, were present during the occassion, says a State government press release.
Daimler India Commercial Vehicle Pvt Ltd signed an agreement to increase the invest in its plant in Oragadam to Rs 4,000 crore. The company's CEO and Managing Director, Mr Marc Llistosella, was present during the signing of the agrement.
The third agreement was by India Yamaha Motor Ltd to invest Rs 1,500 crore in a Vallam Vadakal Sipcot Industrial. Its CEO and Managing Director, Mr Hiroyuki Suzuki, and the Deputy Managing Director, Mr Riyuju Kawashima, were present during the signing of the agreement.
This plant is expected to have a major focus on the export markets.
Mr Hiroyuki Suzuki, CEO and Managing Director, India Yamaha Motor, said, “This is in line with Yamaha Motor Corp’s medium-term management plans of enhancing local production levels to meet the demand growth in emerging markets such as India and their export markets.”
He added, “The Indian two-wheeler industry has witnessed much growth in the last few years, attributable to increased disposable income levels among a rapidly expanding middle class.”
Initially, the new factory will employ 1,800 people and have an annual production capacity of 4 lakh units at the start of operations. The capacity will reach 1.8 million units annually by 2018, at which time it will employ around 6,500 people.
In all, Yamaha will have a 2.8 million unit capacity by 2018, inclusive of its bike plant at Surajpur, Uttar Pradesh, where capacity was recently increased from 6 lakh to one million on a Rs 750 crore investment. It has another plant for two-wheeler parts at Faridabad, Haryana.
The new Chennai Factory will be the first in the Yamaha Motor group to have a vendor park in its nearby vicinity, thus enabling complete synchronization of external supplier parts production as well. This system will reduce losses in the areas of production management and distribution, the company said.
Yamaha looks to sell 2 million units and achieve a 10 per cent market share by 2016, by which time the two wheeler market is expected to touch 20 million units. Among its main challengers in India will be incumbents Hero MotoCorp and Bajaj Auto, apart from the fast growing Honda.
IT infrastructure market will touch $2 b this year: Gartner
Hyderabad: The Indian IT infrastructure market will reach $2.05 billion in 2012, showing a growth of 10.3 per cent over the last year's figure.
This market, comprising servers, storage and networking equipment, will touch the $3-b mark by 2016, research firm Gartner says.
Revenue growth will be primarily driven by ongoing data centre modernisation, as well as new data centre build outs. Servers are the largest segments of the Indian IT infrastructure market, as revenue are forecast to reach $754.5 million in 2012, and grow to $967.2 million in 2016.
The external storage disk is the fastest growing segment within the IT infrastructure market. The enterprise network equipment market in India, which includes enterprise LAN and WAN equipment, is expected to grow from $861 million in 2012 to $1.2 billion in 2016.
Gartner has come out with this outlook for IT infrastructure market to mark the Gartner Infrastructure, Operations and Data Centre Summit scheduled to be held in Mumbai on Tuesday.
“The key growth driver for the data centre market is the ongoing investment in large captive data centres coupled with the capacity growth witnessed within the data centre service provider space,” Mr Aman Munglani, Research Director at Gartner, said.
Indian organisations are heavily focusing on optimising their infrastructure capacity by implementing virtualisation and incorporating newer ways of data centre design, he said.
Cloud adoption
Though India is in the early stages of cloud adoption, cloud service providers will also be a key contributor to the infrastructure consumption, especially for commodity type, scalable technologies, such as scale out systems and extreme low energy servers.
Indian IT organisations are making a big shift from a distributed IT setup to a more manageable and efficient centralised model, leading to consolidation of branch and remote IT resources into fewer, but larger data centres, Mr Naresh Singh, principal research analyst with Gartner, said.
This market, comprising servers, storage and networking equipment, will touch the $3-b mark by 2016, research firm Gartner says.
Revenue growth will be primarily driven by ongoing data centre modernisation, as well as new data centre build outs. Servers are the largest segments of the Indian IT infrastructure market, as revenue are forecast to reach $754.5 million in 2012, and grow to $967.2 million in 2016.
The external storage disk is the fastest growing segment within the IT infrastructure market. The enterprise network equipment market in India, which includes enterprise LAN and WAN equipment, is expected to grow from $861 million in 2012 to $1.2 billion in 2016.
Gartner has come out with this outlook for IT infrastructure market to mark the Gartner Infrastructure, Operations and Data Centre Summit scheduled to be held in Mumbai on Tuesday.
“The key growth driver for the data centre market is the ongoing investment in large captive data centres coupled with the capacity growth witnessed within the data centre service provider space,” Mr Aman Munglani, Research Director at Gartner, said.
Indian organisations are heavily focusing on optimising their infrastructure capacity by implementing virtualisation and incorporating newer ways of data centre design, he said.
Cloud adoption
Though India is in the early stages of cloud adoption, cloud service providers will also be a key contributor to the infrastructure consumption, especially for commodity type, scalable technologies, such as scale out systems and extreme low energy servers.
Indian IT organisations are making a big shift from a distributed IT setup to a more manageable and efficient centralised model, leading to consolidation of branch and remote IT resources into fewer, but larger data centres, Mr Naresh Singh, principal research analyst with Gartner, said.
World Economic Forum plans to establish India office
New Delhi: World economic forum plans to establish permanent physical presence in India by setting up an office in the next twelve months.
“We haven’t finalized the location but this is to underline increasing importance of India on the global stage. Today, India is amongst the most important G-20 economies and this underscores Forum’s commitment to the country as a partner,” said Mr Sushant Palakurthi Rao, Senior Director, World Economic Forum.
This would be Forum’s fourth office in the world, besides China, Japan and United States. It has its head quarters in Geneva, Switzerland.
Earlier known as ‘India Economic Summit’, henceforth World Economic Forum's annual gathering in India will convene as the World Economic Forum on India. “This is to reflect India’s position vis a vis the rest of the world,” he added.
This year, the meeting will take place in National Capital Region, Gurgaon, on November 6-8, under the theme From Deliberation to Transformation.
“This year, our focus would be on governance issues to influence the positive policy framework in India, human capital formation, food security, global talent pool and India’s contribution to it, Indo-Pak relationship and also a whole track would be on the South Asia’s women and girls,” said Ms Sarita Nayyar, Managing Director, World Economic Forum.
Last year, the forum had its meet in Mumbai in collaboration with the industry body CII. “This year our relationship has gone beyond event-based partnership. They continue to be our strategic partners,” Mr Rao added.
Amongst the Indian industry names, who have confirmed participation this year include, Mr Kris Gopalakrishnan (Co-Chairman of Infosys Technologies) and Mr Siddhartha Lal (CEO of Eicher Motors).
“We haven’t finalized the location but this is to underline increasing importance of India on the global stage. Today, India is amongst the most important G-20 economies and this underscores Forum’s commitment to the country as a partner,” said Mr Sushant Palakurthi Rao, Senior Director, World Economic Forum.
This would be Forum’s fourth office in the world, besides China, Japan and United States. It has its head quarters in Geneva, Switzerland.
Earlier known as ‘India Economic Summit’, henceforth World Economic Forum's annual gathering in India will convene as the World Economic Forum on India. “This is to reflect India’s position vis a vis the rest of the world,” he added.
This year, the meeting will take place in National Capital Region, Gurgaon, on November 6-8, under the theme From Deliberation to Transformation.
“This year, our focus would be on governance issues to influence the positive policy framework in India, human capital formation, food security, global talent pool and India’s contribution to it, Indo-Pak relationship and also a whole track would be on the South Asia’s women and girls,” said Ms Sarita Nayyar, Managing Director, World Economic Forum.
Last year, the forum had its meet in Mumbai in collaboration with the industry body CII. “This year our relationship has gone beyond event-based partnership. They continue to be our strategic partners,” Mr Rao added.
Amongst the Indian industry names, who have confirmed participation this year include, Mr Kris Gopalakrishnan (Co-Chairman of Infosys Technologies) and Mr Siddhartha Lal (CEO of Eicher Motors).
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