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Two new indl corridors planned in Tamil Nadu

Discussion in 'World Economy' started by Naren1987, Sep 1, 2011.

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  1. satz

    satz Captain SENIOR MEMBER

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    Sicame setting up unit near Chennai

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    Sicame India Connectors, a subsidiary of France-based Groupe Sicame, a major developer of electrical transmission, overhead and underground distribution and electrical safety materials, is setting up a manufacturing facility at Sirukundram, Kanchipuram district, near here, at a cost of Rs.20 crore to produce connectors and specialised high tech transmission accessories.

    The new facility will manufacture accessories, tools, damping and warning light devices for transmission networks. It will also produce accessories and connecting tools for distribution networks, according to Guillaume Valle, Managing Director, Sicame India Connectors.

    In an interaction with this correspondent, Mr. Valle said the company in India made a turnover of Rs.20 crore last year. With the new facility in operation, it hoped to achieve revenue of Rs. 50-100 crore in the next five years.

    The total market for distribution of accessories in India was nearly Rs.100 crore annually.

    The company was dealing with the highly specialised transmission accessories and the estimated turnover from this business would be Rs.20-25 crore.

    Capacity:

    The plant would have an installed capacity to manufacture three lakh connectors and 15,000 space dampers (transmission accessory) a month. However, he said production would be based on demand.

    The total built up area of the plant was nearly 2,500 sq. m. One of the major clients for the distribution projects was the Accelerated Power Development and Reform Programme (APDRP) and for transmission it was the Power Grid Corporation of India.

    Ref:-The Hindu : Business / Companies : Sicame setting up unit near Chennai
     
  2. satz

    satz Captain SENIOR MEMBER

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    Ford launches new SUV, to invest $142 million in Chennai Plant


    Global automobile giant Ford, on Wednesday, announced that the company will invest $142 million (Rs 760 crore) at its Chennai plant in India to start manufacturing of its new compact SUV, ‘EcoSport’, Ford India President and Managing Director Michael Boneham said.


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    Ford India will roll out EcoSport in the market later this year, which will make its global debut in India and will be sold in 100 markets around the world.

    Speaking about the new SUV, Ford Asia-Pacific President Joe Hinrichs said: “We have promised to bring more than 50 new vehicles and powertrains in Asia and Africa by mid-decade and the all new EcoSport continues to deliver on that pledge.â€￾

    The company said that the SUV will be powered by a one-litre EcoBoost engine, delivering power and performance that will rival a traditional 1.6 petrol engine. Ford President and CEO Alan Mulally said, “This is the first compact SUV and we are launching it right at the heart of the compact vehicles market.â€￾ He said the global market is still robust and expects about 5 per cent growth consecutively in the next two years. “The Asia-Pacific market has slowed down a little bit, but there is tremendous growth potential,â€￾ Mullaly added. Ford is also setting up a second plant at Sanand, in Gujarat, with an investment of $1 billion.

    REf:-Ford to invest $142 m in India
     
  3. Marqueur

    Marqueur Peaceful Silence ELITE MEMBER

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    ammaa looking so slim ...
     
  4. vikas jat

    vikas jat Captain SENIOR MEMBER

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    good for us .....
     
  5. Indian Tiger

    Indian Tiger Lieutenant FULL MEMBER

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  6. satz

    satz Captain SENIOR MEMBER

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    Mahabs to get Japanese township


    CHENNAI: Japanese engineering services company JGC Corporation, Mizuho Bank and Ascendas, a business space developer, have teamed up to develop a township near Mahabalipuram spread over 1,450 acres targeted at Japanese companies. The Omega project will comprise of an industrial zone, residential units, a golf course, hospital and school.

    "We have acquired around 70% of the land," said Arimichi Saikawa, a manager of JGC Corporation. He, however, refused to divulge the project cost. Omega is expected to be completed within the next 10 years with the first phase being completed in five years.

    "We are doing a feasibility study at the moment and have visited similar integrated business cities like Sri City," Saikawa said. The project envisages commercial spaces for offices as well as industrial areas for manufacturers. Nearly 60% of the space is expected to be occupied by Japanese concerns. "But that is subject to allocation by the Tamil Nadu government," Saikawa said.

    Japan is also keen to participate in the Chennai-Bangalore industrial corridor. Last year, governments of Tamil Nadu and Karnataka were evaluating possibilities of reducing distance between the two cities to about 250km from the present 350km with plans to promote this route as an industrial hub.

    "We will be initiating talks with the new government in Tamil Nadu," said Yuki Takishima, principal deputy director, financial cooperation division, METI (ministry of economy, trade and industry), Japan.

    He says a lot of Japanese auto and auto component majors are keen to set up shop in India. "These are mostly SME units based out of Yokohama. Many of them are operating in China, Thailand and Malaysia and they are now keen to expand their presence in India."

    Also, of the total Japanese business base in India, 31% is in south India. This region also accounts for over 50% of India's automobile exports and hence the Japanese are stressing on better infrastructure linkages for the regional production network spanning India and its East Asian neighbours.


    Ref:-Mahabs to get Japanese township - The Times of India
     
  7. Vikram Singaravel

    Vikram Singaravel FULL MEMBER

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    Chennai Super Kings !!!!!!!!!!!!!!1:bounce-grn:
     
  8. Vikram Singaravel

    Vikram Singaravel FULL MEMBER

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    Chennai airport to be world class shortly , the metro rail , Kuvam river project and many many more !!!!!!!!
     
  9. satz

    satz Captain SENIOR MEMBER

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    Huawei starts plant; to invest $150m in R&D


    NEW DELHI: As part of its localisation strategy in India, Chinese telecom company Huawei commenced manufacturing in Chennai and announced a fresh $150 million investment to set up a R&D campus in Bangalore.

    The company has invested $400 million over the last 10 years in India and is planning to invest an additional $150 million in a new R&D campus in Bangalore, Huawei said in a statement.

    The company has commenced production of components of network equipment gear in both its facilities in Chennai, it said.

    "Both the manufacturing facilities in Chennai will cater to the growing demand of telecom network equipment supplied by Huawei India to Indian telecom service providers in the domain of 2G expansion, 3G and LTE networks," the company said.

    It added that in line with a vision to support the development of the local Indian industry, Huawei is committed towards investing further in India in the future.

    The company has a fully-owned manufacturing facility in Sriperumbudur in Chennai and also does contract manufacturing with Flextronics India.

    The facilities employ 1,800 technical and managerial staff.

    Recently Huawei, as part of its global strategy, announced its future engines of growth and expansion into areas like devices, enterprise solutions and its traditional "bread and butter" focus on supplying network equipment gear.

    Huawei has more than 6,000 employees in India, over 90 per cent of which are local Indian professionals. In addition, Huawei views India as a strategic global hub for R&D and network operation services.

    Huawei offers end-to-end telecommunication solutions as well as hand-held devices. The company has supplied equipment to both private and state-owned firms, including RCom, Aircel, Airtel, Tatas and BSNL.

    In keeping with its India commitment, Huawei has also a very large CSR footprint and claims to have contributed a programme to supply computers and laptops to economically backward children in various parts of the country.

    Ref:-Huawei starts plant; to invest $150m in R&D - The Times of India
     
  10. satz

    satz Captain SENIOR MEMBER

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    French major Vinci buys construction co NAPC Ltd


    CHENNAI, JAN. 11:
    Vinci, a €35-billion French construction major, has entered the Indian market by buying out 100 per cent stake in NAPC Ltd, a Chennai-based construction company.

    NAPC Ltd is into road construction and has orders on hand worth Rs 1,850 crore. The 60-year-old company is wholly owned by the Manian family.

    It is learnt that its turnover last year was around Rs 650 crore.

    Confirming the development to Business Line, Mr Varun Manian, Vice-Chairman, NAPC, said that he had resigned from the Board and Vice-Chairmanship.

    His father, Mr K.S. Manian, who is today the Chairman, will however continue as NAPC's Managing Director for three years.

    Mr Manian did not wish to disclose the consideration of the deal yet.

    He, however, said that the proceeds of the sale would be deployed into two other business segments the family operates in, viz., residential estate and renewable energy. After the Vinci deal, the Manians will not be able to use the NAPC name in any other of their businesses.

    Paris-based Vinci has experience and expertise in all the fields of construction, and has been involved in irrigation, water supply, road, nuclear power and rail projects.

    Asked why the promoters wished to exit the company, Mr Manian observed that competition had become intense and messy at the level of smaller road projects.

    With a large company as Vinci as a promoter, NAPC would now be pre-qualified for bidding for large projects, he said.

    Mr Manian said that the bulk of the proceeds of the stake-sale would be put in residential real estate. The group has several projects going on near Chennai.

    Ref:-Business Line : Companies News : French major Vinci buys construction co NAPC Ltd
     
  11. satz

    satz Captain SENIOR MEMBER

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    Bangalore-Chennai expressway could have Japanese role



    NEW DELHI: The proposed 250-km Bangalore-Chennai expressway, to be built at a cost of Rs 5,000 crore on a new alignment, could come up as a pilot project involving Japanese expressway majors. The Japanese government, which made this proposal to the highways ministry on Thursday, has been asked to submit a detailed framework.

    The corridor is likely to reduce travel time between the two cities to only two hours. The expressway will have a design speed of 120kmph.

    On Thursday, a delegation led by Japanese transport and tourism minister Takeshi Maeda met highways minister C P Joshi to discuss the project. "We are preparing a detailed project report and it will be complete by March. They have huge interest to develop this stretch since there is considerable concentration of Japanese firms in that region. We have told the group that highway projects in India are awarded through open bidding and 100% FDI is allowed in this sector," Joshi said.

    He added that the two governments can take a decision mutually in case they agree to take up this project on the basis of government-to-government understanding. "But that deprives private players of participating in bidding of this project," he said. Joshi said other models like floating a special purpose vehicle (SPV) with investment from stakeholders including from Japan could also be an option.

    Last month, PM Manmohan Singh and his Japanese counterpart Yoshihiko Noda had issued a joint statement recognizing the bilateral cooperation in the infrastructure sector including cooperation in the development of expressways in India and capacity building.

    Sources in the ministry said major Japanese expressway firms had shown keen interest in building expressways in India and the beginning could be made with the Bangalore-Chennai corridor.

    India plans to build 17,000 km of new alignment (greenfield) expressways to improve connectivity across the country. Sources said since expressways with high capital investment were financially unviable, Japanese cooperation to get official development assistance (ODA) to build these projects would be a better option.

    "Developing crucial expressways will help Japanese firms and their business. This is the reason why we are reaching out to Indian government for the Bangalore-Chennai project," a Japanese official said.

    He added that operation of an expressway was very critical and needed high level of expertise. "So far, Japanese companies have been engaged as supervision consultants in Indian highway projects. But given a chance, our companies would like to implement them for timely completion and manage the projects more efficiently. This can start with the Bangalore-Chennai link," he said.

    Ref:-Bangalore-Chennai expressway could have Japanese role - The Times of India
     
  12. satz

    satz Captain SENIOR MEMBER

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    TN proposes second greenfield airport

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    CHENNAI, MARCH 22:
    About Rs 20,000 crore will be invested in a greenfield airport near Chennai, says Tamil Nadu's vision 2023 document.

    The second airport proposed in the auto cluster of Sriperumbudur, about 40 km west off Chennai, will span 4,800 acres. The feasibility report is with the State Government. Once work on this airport starts, it is expected to be completed by 2020.

    PASSENGER TRAFFIC

    The annual passenger traffic at the existing airport in Chennai is 12 million. It is estimated to double by 2020. “But the airport will reach saturation by 2016-17 itself, thus causing a strain on operations and prompting the need for another airport,” says Mr E.P. Hareendranathan, Airport Director.

    Currently, the existing airport handles about 325 aircraft movements a day. Even with the expansion, it will be able to handle only 500 movements by 2020.

    According to the document released by the Chief Minister, Ms J. Jayalalithaa, the Greenfield airport complex will be equipped to handle 40 million passengers.

    The new airport, which could have even four runways, will help Chennai to be on par with Delhi and Mumbai airports, he said. “We could even handle the largest aircraft [Airbus 380] in Chennai then,” he said.

    AVIATION PARK

    An aviation park is expected to come up near the Sriperumbudur airport. This project is still in the preliminary stage.

    The document also says that an investment of around Rs 5,000 crore will be required to upgrade existing airports in Coimbatore, Tiruchi and Madurai to international standards with a capacity of 10 million each.

    Ref:-Business Line : Industry & Economy / Logistics : TN proposes second greenfield airport
     
  13. satz

    satz Captain SENIOR MEMBER

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    Ennore LNG terminal to cost Rs.4,320 crore

    The proposed LNG (liquefied natural gas) terminal in Ennore, near Chennai, will have a capacity of 5 million metric tonnes per annum and is to be set up at an estimated cost of Rs.4,320 crore.

    The project is to be implemented by a joint venture company, in which Indian Oil Corporation, Tamil Nadu Industrial Development Corporation Limited and others, including LNG suppliers, would be stakeholders.

    IOC and TIDCO, on Thursday, signed an agreement, which sets out the broad framework for the joint venture for implementation and operation of the regasification terminal at Ennore port. There would be equity participation by TIDCO in the project as envisaged in a memorandum of understanding in August 2010 for co-operation in the development of infrastructure projects, including LNG import and regasification terminal in Tamil Nadu through a joint venture company, a release from IOC said. IOC would have a minimum of 26 per cent stake in the joint venture.

    The heads of agreement was signed by IOC Chairman R. S. Butola and Principal Secretary, Industries Department, and Chairman and Managing Director of TIDCO, N. Sundaradevan, in the presence of Chief Minister Jayalalithaa at a function here.

    On commissioning, which is expected to be 2015-16, the facility will supply natural gas/regassified LNG to the gas-starved southern states, particularly Tamil Nadu, and some parts of Karnataka and Andhra Pradesh. Sources in the oil company said the project would come up on about 130 acres.

    IOC has already undertaken front-end engineering design (FEED), environment impact assessment (EIA) studies through reputed consultants and is making good progress on the project. It is also in discussions with various international LNG suppliers for the project.

    ReF:-The Hindu : Business News : Ennore LNG terminal to cost Rs.4,320 crore
     
  14. satz

    satz Captain SENIOR MEMBER

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    How Tamil Nadu uses a World Bank funded IT-based model for road maintenance

    CHENNAI: Drive long enough on any state highway or district road in India and you are likely to find the road good, fairly good, bad and very bad - in patches. Invariably , the stretches that need repair do not get it on time while a select few corridors are better maintained. But one state has sought to change this by developing an IT-based model that could transform the way roads are maintained in the country.

    Implemented under a recently concluded World Bank-assisted project, the Road Management System (RMS) developed by Tamil Nadu set itself a simple goal. Given its limited funds for road maintenance, the state highways department wanted a set of objective criteria to decide which roads to repair on priority.

    However, as project director P Umanath put it, being objective about upkeep of the state's roads is not easy. "Our system has to show it is objective and transparent in identifying roads that need repairs most urgently," he says.
    The system consists of creating a database on the condition of each road through specialized data-collection vehicles whose movements are plotted through a geographical information system (GIS).

    This is supplemented with surveys on the volume of traffic on each stretch. Based on these two sets of data, a software displays the state of each road (on a six-category scale from 'very good' to 'very bad' ). This determines which roads need repairs - and of what type - in a given time, in accordance with the available budget.

    The data-collecting vehicles , called Romdas (Road Measurement Data Acquisition System), have devices to measure road roughness, bumps, cracks and potholes. They also have video cameras to visually capture a stretch. The state initially acquired two Romdas vehicles . Later, two yet more advanced vehicles were procured with laser crack measurement systems.

    "RMS is not only about maintaining roads. The data has also helped us widen some stretches and make some design changes," said G Kumar, deputy project director of the Rs 2,442 crore Tamil Nadu Road Sector Project , under which RMS was implemented.

    The department claims that better road management has helped cut travel time on two corridors, Nagapattinam-Tuticurin and Nagapattinam-Arcot , by as much as 40%. The project currently includes 18,500km of state highways and district roads.

    Experts say elements that make up RMS are tried and tested methods of scientific road management. The system , however, is yet to pass a crucial test. The department will soon conduct a road user satisfaction survey.

    Ref:-How Tamil Nadu uses a World Bank funded IT-based model for road maintenance - The Economic Times
     
  15. satz

    satz Captain SENIOR MEMBER

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    Chennai Port to have air freight station near airport

    The Chennai Port Trust plans to build an air freight station (AFS) near the airport under public-private-partnership mode.

    The Port Trust owns 2.13 acre of land about 2 km from the Anna International Airport.

    “We intend to develop this land to commercially benefit the port. One of the avenues we intend to explore is the commissioning of an AFS,” said an official of the Port Trust. Incidentally, the country's first AFS, which is a concept based on the idea of providing airlines nodes near the production centres, was commissioned at Central Warehousing Corporation (CWC) four years ago.

    Faced with congestion at the Chennai air cargo complex, the air cargo user community suggested the AFS to hold imported goods. Currently, there are two AFSs – CWC and Indev.

    There is scope for more such facilities at Chennai.

    The location is ideal for this facility as cargo volume through the Chennai airport is on the increase, the official said. An aircraft's cargo will be shifted to the AFS and consignees can take delivery of the cargo after statutory clearances and duty including customs documentation and examination; cargo acceptance check (weight / volume); security checks (x-ray screening / physical check) and palletisation.

    The AFS will help avoid congestion at the gateway airports.

    The advantages are: an integrated chain; customised logistics solution; lower logistics cost dwell time at the airport and lesser damages/claims.

    The Port Trust has issued an expression of interest notice to the trade to explore market interest for developing an AFS.

    It could also be a dry dock for storage of air cargo and its stuffing/destuffing from air containers to complement the facilities at the air cargo complex.

    Ref:- Business Line : Industry & Economy / Logistics : Chennai Port to have air freight station near airport
     
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