Bangalore Economy and Real Estate thread II

[sunilkumar]

The Japanese auto giant Toyota said its proposed Toyota Etios diesel version of the recently launched sedan Toyota Etios, may roll down during the end of the next year. The Director for Marketing and Executive Managing Coordinator for Toyota Kirloskar said the preliminary steps are on now and possibly the car (Toyota Etios diesel version) might get into shape by the end of 2011. He added that from the existing 70% there will be 90% localization for Toyota Etios by 2012 in its JV with Kirloskar Group. This will be fully met with when the engine plant gets ready he said further, revealing that the current Toyota Etios gets components, gear transmission and engine from its apex body in Japan.

Toyota has also hinted that there is a proposal to commence the production of engines during the Q3 of 2012. This, the company is aiming to increase the localization for Etios and Etios hatchback Liva at an investment of Rs3200 crore in its Bangalore facility.

Toyota has an organized launches of this Etios diesel version by December 2011 and the Toyota Etios hatchback version in April 2011. Toyota’s Bangalore facility is looking after the production of its flagship models – Fortuner and Innova SUVs, and Corolla Altis premium sedan. The GM for the company’s Sales Division said that the target for the versions of Etios in India is 70000 units including Toyota Etios hatchback version.

Toyota is nicely fed by the South Indian market, comprising Karnataka and Tamil Nadu with 38-40%. The company is quite amazed to get 6000 advance bookings for the recently launched Etios for which the waiting period has become 6 months. Etios is available in Chennai and there are 4 variants – J,G, V and VX in the price range of Rs4.83 (base model) and Rs6.74 lakhs for the top end model. The car is equipped with 1.5 lit petrol engine and to be followed by 1.2 lit in 2011.

source = http://living.oneindia.in/automobile...ck-091210.html

[sunilkumar]

Trelleborg has decided to establish a new operation in Bangalore, in India, to capitalize even more effectively on the future growth in the country, mainly among customers in telecom infrastructure sector and industrial antivibration.

More info: http://www.swedishwire.com/press-rel...-in-the-region

[sunilkumar]

Nice Video especially the music.

http://www.youtube.com/watch?v=UT-ignA7eUE

[sunilkumar]

http://www.vrindavantechvillage.com/...llagetour.html

[rakshit gowda]

Construction site on Google maps.

[sunilkumar]

More info :http://www.prlog.org/11146034-vascul...ovascular.html

[avinash2060]

The Rs 150 crore Bangalore based Vascular Concepts today outlined its plan to reinforce and build on its global leadership in cardiovascular technology. Vascular Concepts announced investments

FOR IMMEDIATE RELEASE

PRLog (Press Release) – Dec 13, 2010 – Vascular Concepts to set up India’s first R&D and manufacturing facility for endovascular medical devices
Awarded Alexandria-Frost & Sullivan ‘Indian medical devices company of the year’ 2010

Bangalore, December 13, 2010: The Rs 150 crore Bangalore based Vascular Concepts today outlined its plan to reinforce and build on its global leadership in cardiovascular technology. Vascular Concepts announced investments of over Rs fifteen crores to set up India’s first facility for R&D, design and manufacture of endovascular medical devices such as vascular stents, drug eluting vascular stents and vascular stent grafts that aid the practice of less invasive therapy and address peripheral arterial diseases. The new 15,000 sq. ft facility located 60 kms from Bangalore at Doddaballapur is a state of the art unit with a quality system certified of the highest international standards.
Vascular Concepts that won the prestigious Alexandria-Frost & Sullivan award for excellence in Indian Healthcare under the ‘Indian medical devices company of 2010’ category earlier this year, is the only Indian company with IP and an extensive patent portfolio of 32 technology patents from US, 12 of them for its stents alone and has a 25% market share in the estimated Rs 500 crore domestic Indian market for endovascular medical devices. With the launch of the new unit, Vascular Concepts will expand its current R&D operations based out of Bangalore to manufacturing the devices, for both domestic and export markets. The company’s manufacturing collaboration with Eucatech AG of Germany where all its devices are manufactured until now will continue to remain, in addition to the new domestic unit.
Making the announcement, Swaminathan Jayaraman, CEO, Vascular Concepts said, ‘We have established a strong and innovative portfolio of products with our strong R&D focus over the last few years, that provides us a firm foothold for future growth. Our focus over the next three years is to expand our market size across regions and the unit will help us add capacity and provide us the scale to expand faster”.
“Growing rate of high risk factors such as average hypertension and cholesterol levels, excessive smoking, hectic urban lifestyles and presence of genetic and co-morbid influences are responsible for the rising incidence in heart diseases globally and in India. Treatment technologies and methods have vastly improved in the last few years and this clubbed with increase in screening initiatives will help us address the rise in cardio vascular diseases more effectively. The design requirement of cardiovascular technology is becoming increasingly complex with the success of minimally invasive procedure and our R&D focus has ensured we have a leading edge in this area, which we now look to capitalize”, Swaminathan added.
About Vascular Concepts
Vascular Concepts is a global leader and the only Indian company with an IP and patent portfolio exceeding 35 in the cardio-vascular technology space. Vascular Concepts designs, develops, manufactures and markets endovascular devices that aid less invasive therapy. It offers its products for the treatment of arterial diseases, which include coronary artery and peripheral vascular diseases. Founded in 1998 by Swaminathan Jayaraman, a biomedical engineer, Vascular Concepts is winner of Alexandria-Frost & Sullivan’s ‘Best Medical Devices company of the year’ 2010. Its corporate headquarters and R&D center is based in Bangalore, India.

[sunilkumar]

3M India Ltd, which sees itself as a materials science-based B2B (business-to-business) company, plans to invest '200 crore to expand manufacturing and allied facilities in the country in 2011, bringing its total spending over the next two years to '400 crore.

The company, widely known among consumers as the maker of Post-it notes and scrub pads, is already spending around '100 crore this year on expansion, in addition to '100 crore on a new research and development (R&D) centre in Bangalore, which will be spent over the 2010-12 period, said 3M India managing director Ajay Nanavati.

While existing centres in Bangalore, Pune and Ahmedabad are focused on product development, the new investment is geared towards what he called "corporate research", which will focus, in addition, on technology development, said senior executive director Ashish Khandpur. "We have identified various technology platforms like adhesives, non-wovens, corrosion protection, and software electro-mechanical systems."

The new corporate research lab will be the fifth such facility worldwide, adding to ones in the US, Japan, Germany and China. Globally, 3M says it has a portfolio of 65,000 products on 45 technology platforms.

Nanavati said investments in manufacturing, warehousing and branches meant that the company would have more offices and facilities across India, and this was part of its strategy of geographic expansion in the country, which would take it to more tier II cities.

On the research front, while the company had started off with tech support and product modification and adaption, it was now migrating into higher-end technology development. "We're setting up more specialized laboratory infrastructure, with more subject matter expertise." The R&D lab had about 120 people, and the firm is targeting about 250 by 2015, Khandpur said.

3M India has 1,880 people currently, and this will grow as well, Nanavati added.

The company's multi-pronged strategy includes a localization approach, which ensures a better fit for products in terms of needs and practices prevailing in India.

"We believe in customer-inspired innovation, not a one-size-fits-all approach," Nanavati said.

3M's expansion plans "made perfect sense", said Tarun Kataria, chief executive of Religare Capital Markets Ltd, the investment banking and institutional securities arm of the financial services group Religare Enterprises Ltd.

"They understand the space very well, they know their products. Their efforts to Indianize their products, do R&D in India for India, factor in the price points here, should work well. It is a company that generates a lot of cash, so investments will be made from internal accruals," Kataria said.

The company has filed for nine patents in India, with five of them being global in nature, Khandpur said. Many products developed in India will have global applications "but our primary objective is to drive 3M growth in India and leverage that globally".

Such products included protective paints and decals for two-wheelers and small cars, or new technologies for NVH (noise, vibration and harshness) reduction. NVH reduction includes technologies to replace welding, he said.

Nanavati said that apart from automobiles, 3M India was looking at segments as diverse as infrastructure, healthcare, mining and consumer goods.

"As India moves into aerospace and retail, we stand ready to go after them as well."

[engineer.akash]

Data center to be one of the largest in the Asia-pacific region

InformationWeek News Network, December 09, 2010

IBM and IG3 (Indian Green Grid Group) recently announced that they have entered into an agreement, in which IBM will design a green data center for IG3. IG3 is constructing one of the largest data centers in the Asia Pacific region. Located in Bangalore it represents the largest investment so far in this sector in India. The proposed size of the data center will be approximately 8.5 lakh square feet.

As part of the deal, IBM will design IG3’s internet data center with standards that are highly efficient and reliable. The data center will be highly resilient and have the environmental protection advantages of IBM's industry-leading data center design characterized by energy efficiency, green technologies, scalability and the latest power and cooling technologies.

For more- Source

Found this thread apt for the above article

[engineer.akash]

Arista Networks Inaugurates R&D Center in Bangalore, India

BANGALORE, India--(BUSINESS WIRE)--Arista Networks, a US based company and the leader in 10 Gigabit Ethernet switches for Cloud Networking, announced the opening of an engineering centre in India. The Bangalore R&D centre will focus on expanding Arista’s Extensible Operating System (EOS) which is purpose-built for large data centre and cloud scale deployments. Arista Networks is planning to grow the Arista Bangalore R&D centre to fifty engineers in the next two years, selecting exceptional high quality technical talent from premier engineering institutions and companies.

“Arista Networks success lies in building innovative, cost effective, cloud networking solutions. This has been possible due to our world-class engineering team of highly experienced veterans from leading networking and server companies. We see tremendous opportunities in India for us and our partners.”

The presence in India will allow Arista Networks to expand global software development capabilities across three continents, Asia, Europe (UK) and North America (California). Arista’s cloud networking approach offers a balanced trade-off between closed networking platforms of today and new open development environments of the 21st century. The killer applications driving network deployments are no longer email; instead social networking such as Facebook, video delivery, search applications, Hadoop clusters and financial algorithmic trading running on private or public cloud networks are driving significant bandwidth, latency, and automation requirements. Backed with a thousand man-years of development and software expertise, Arista has built a ground-up networking OS purpose-built for clouds and data centres. EOS solves important pain points in today’s network deployments offering consistent high levels of scalability, provisioning and resilience.

Jayshree Ullal, president & CEO Arista Networks states, “Arista Networks success lies in building innovative, cost effective, cloud networking solutions. This has been possible due to our world-class engineering team of highly experienced veterans from leading networking and server companies. We see tremendous opportunities in India for us and our partners.”

The Arista India R&D centre will be based in Kormangala, Bangalore led by Amod Dani, Director of Engineering, reporting into US based Ken Duda, Arista’s Vice President of Software Engineering. Arista has demonstrated a strong base of over 500 Customers worldwide in just two years across a broad range of industry segments including capital markets, scientific computing, defence, carrier/mobility, media and entertainment, and cloud computing. Arista customers include governments, Tier 1 carrier/PTT, and many Fortune 500 customers.

http://www.businesswire.com/news/hom...angalore-India

[gentem]

Googlopolis
Eric Schmidt tells FP what makes a city smart, how not to lose $1 trillion -- and the one place he's never been.
INTERVIEW BY CHRISTINA LARSON | SEPT. / OCT. 2010

Can there ever be another Silicon Valley, in the United States or anywhere else? What makes it so special?

One thing is the weather. You think I'm joking, but the weather is certainly a part of it.

There can be many Silicon Valleys. It is absolutely a reproducible model; it's not something in the water. You know, the history starts in the '50s. What basically happened in Silicon Valley is that you had strong research universities, a relatively liberal and creative culture, lots of reasons for young people to stay in the area -- and young people are the ones with the new ideas. Then you had the development of the venture capital industry.

What's interesting is that every 10 years someone writes an article about how Silicon Valley was responsible for the last innovation wave, but it will miss the next wave. Yet Silicon Valley has now been at the forefront of four or five successive tech waves and has proved itself remarkably resilient because of the combination of the universities, the culture, the climate, the capital. My point is that if you have all of those elements, you can have your own Silicon Valley wherever you want.

If Google weren't located in Silicon Valley, is there anywhere else you've visited that you can imagine it could be located in -- or any places that remind you of Silicon Valley around the world?


That's a very hard question to answer. Most would argue that Cambridge, England has a lot of the criteria -- there's been an explosion of start-ups there. Another scenario would be New York City. Obviously it does not have the weather, but it has the draw for young people and certainly the financial sophistication; plenty of smart people and the sense of globalization are very important. It's unlikely that would occur in a place that does not see itself in a global context. The Bay Area, because it's a gateway to Asia, has always seen itself in a global context.

What about a place like Shanghai or Beijing?

Shanghai could do it, although in China the universities are strongest in Beijing. Shanghai isn't quite the New York of China, but it could be. Bangalore emerged as a tech hub in India in part because of favorable weather, a strong university system, and concerted support by the state government. So there are partial versions of that happening.

sept/oct 2010. google ceo eric schmidt.

[gentem]

Location a big boon for IIM-B
Dec 14, 2010, 04.25am IST

BANGALORE: Bangalore's image as a city of global importance is turning out to be a boon for educational institutes here. The Indian Institute of Management-Bangalore (IIM-B) has cited its location and telling performance of Bangalore's economy as major reasons for it being ranked and seen as a top business school in the country.

IIM-B has lately been awarded `5 Palmes', the highest recognition under the evaluation given to `universal business schools with major international influence', in the Eduniversal Worldwide Business Schools Ranking 2010, carried out by French consulting firm SMBG.

"Location is one of our biggest assets. The institute benefits from the city's dynamism. Since it functions in a high-performing economy, we always feel the need to raise the bar. Also, expectations are more from us. Thanks to the city, people are much more open to take up jobs in the institute. For instance, spouses of faculty find it easy to get meaningful employment here. They are one of our strengths," said Pankaj Chandra, director, explaining why IIM-B is ranked high and seen as performing well.

Further, emphasis on research coupled with a good mix of public sector and market-driven issues in the course structure has taken IIM-B ahead of others. Also, students here have more international exposure. "We work on issues of relevance. For instance, IIM-B is working on health care in rural areas, transport and others," he added.

WHAT KEEPS IT AT THE TOP

Location advantage

Bangalore's dynamic economy

Thanks to location, economy and job opportunities, individuals ever-ready to come to Bangalore as faculty

-Good courses with balanced focus on public sector and market


Read more: Location a big boon for IIM-B - The Times of India http://timesofindia.indiatimes.com/c...#ixzz183xKyXVe

as soon as they start IIT bangalore it will come to top in no time.. http://en.wikipedia.org/wiki/Indian_...y_Muddenahalli

[gentem]

Originally Posted by sunilkumar

Soon Karnataka IT Export will cross 1 lakh crs due to recent heavy expansion of the companies.

Karnataka 79
Maharastra 51
Tamil nadu 46
Delhi NCR 36
Hyderabad 33

Kolkata 6
Kerala 3
Gujarat 2
Orissa 1


bangalore accounted for 30% of total exports in 2008-09. but mumbai-pune topped even tamil nadu for second place lil puzzling.. mysore should help karnataka figures

[engineer.akash]

Nitesh to raise Rs 150 cr debt for retail foray project in Bangalore

Debasis Mohapatra / Chennai/ Bangalore December 14, 2010, 0:47 IST

Bangalore-headquartered real estate developer Nitesh Estates Ltd is planning to raise around Rs 150 crore of debt in the near future to fund its retail project in the city.

The publicly-listed company, which is planning to enter the retail space with the development of ‘Nitesh Mall’, has a plan to invest around Rs 325 crore in this retail project.

“We are planning to raise around Rs 150 crore of debt to fund our retail project in the city. We are in talks with three banks and we expect to receive the closure in the first quarter of the next fiscal,” L S Vaidyanathan, executive director of Nitesh Estates said.

He also said that the company had already invested around Rs 90 crore in the project as of now.

Earlier, HDFC Property was understood to have acquired around 25 per cent in this retail SPV for $25 million. However, it didn’t materialise due to some technical glitches in the deal structure.

“Nitesh mall is the fully-owned subsidiary of the company and we are not planning to dilute our stake in the near future,” he said.

Nitesh Mall is coming up in 5.5 acres of land in the eastern part of Bangalore. The mall is being designed by Seattle-based architecture firm Callison and is expected to be ready by the end of next year.

For full article

[sunilkumar]

Eyeing opportunities in the fast growing Indian telecom sector, Chinese vendor Huawei on Tuesday announced an investment of $2 billion (about Rs. 9,000 crore) in the next five years to set up an R&D centre, local manufacturing and other activities.

The announcement comes on the eve of Chinese Premier Wen Jiabao’s three-day visit to India starting Wednesday.

“Huawei has been in India for over a decade and is committed to long-term development and cooperation in India. As an integral part of Indian telecom industry development and an active player serving all telecom service providers, Huawei India strives to be the long-term partner for the development of India’s telecom and IT industry and inclusive growth,” Max Yang, CEO, Huawei India, said.

The new R&D campus would be set up in Bangalore, the company said in a statement.

Huawei was struggling to set its footprint in India as the government had raised certain security concerns about foreign telecom companies, including Chinese ones. It was only recently that Huawei was allowed to bid to supply equipment to Indian telecom service providers after it agreed to meet the guidelines, including sharing “source code” and “equipment design”.

The comprehensive five year plan will focus on development, augmentation and cooperation in the areas of local R&D, local manufacturing, technology cooperation with Indian IT service companies, local sourcing, local employment, talent development, and supporting rural education and IT literacy in India, Huawei said.

The company has operations in 19 major regions and employs over 6,000 technical and professional staff across the country. On the R&D front, Huawei has the biggest R&D centre outside China in Bangalore, which was set up in 1999 and now employs 2,000 engineers now. The development of the new R&D campus in Bangalore will increase the current capacity to about 3,000 R&D engineers. Meanwhile, Huawei has recently started its first phase of local manufacturing in Chennai and is further exploring other forms of cooperation in local manufacturing.

According to the plan, the local R&D and manufacturing are being developed with export capacities, besides supporting India’s local industry development, a Huawei statement said.

Huawei recently bagged the order to supply 3G networks to leading service providers in India and is eyeing big business from both private as well as state-owned firms.

[sunilkumar]

Bangalore, Dec 14 (IANS) US-based networking products firm Juniper Networks Tuesday announced plans to expand its research and development (R&D) operations in Bangalore for a key role in its global product development.

'We plan to add 750 more seats to our India excellence centre at a new site in Bangalore over the next two years to ramp-up our engineering talent pool and serve customers worldwide better,' Juniper managing director Sridhar Sarathy said in a statement.

The Indian subsidiary of the $3-billion IT major has 1,800 employees and 300 development partners.

'The proposed expansion is in line with our commitment to enhance our expertise in the Indian sub-continent, which is not only a major source of talent, but also a rapidly growing market for us,' Sarathy said.

The India centre develops hardware and software for Juniper's suite of networking products such as routers and conducts test engineering, field trials, programme management, quality assurance, technical documentation and product line management.

'The centre also provides global customer support to all our products and operates a finance shared services centre, which delivers functions to Juniper Finance organisations the world over,' Sarathy added.

Juniper is upbeat on business growth in India, as push towards high-performance networking is driving demand for robust security and networking equipment in enterprises and leading service providers.

[HedonistAtBlr]

sunilkumar, you are doing a great job

I may be in the minority here, but news of tech companies setting up/expanding offices here is the most exciting news in SSCBlr(more than skyscrapers/airports/metro)

[engineer.akash]

Mumbai to lead office space supply with 25% share in 2011-12

MUMBAI: Mumbai will lead the Indian office space supply with more than 25 per cent share, followed by Bangalore and Delhi with 19 and 17 per cent, respectively, in 2011-2012, a real estate services firm said.

India added around 55-million sq ft of office space in 2010 and is expected to add around 50-million in 2011-12.

Additionally, real estate transactions which were on the rise in 2010, will continue to increase in 2011 as well, the firm -- CB Richard Ellis (CBRE) India said today.

"The overall real estate performance of the country has been on an upward trend with increasing transaction volumes. This is due to sustained IT industry activity, impact of economic recovery on new economy sectors, global optimism on corporate expansion, consumer confidence and a rise in income levels," CB Richard Ellis South Asia Chairman and Managing Director, Anshuman Magazine, told reporters here.

"The residential segment might witness reduced absorption due to significant price increase in prime metro micro markets, large supply and an increase in mortgage rates," Magazine said.

In the retail segment the total number of malls in India are expected to be more than 200, while another 80-90 are lined-up to get operational in the next 2-years.

"Retailers will continue to hold sway in certain over-supplied locations, pressing developers for revenue share and related incentives," he said.

ET

[gentem]

Originally Posted by engineer.akash

Mumbai to lead office space supply with 25% share in 2011-12


ET

but bangalore is the only city where demand exceeds supply end of the year blore will lead absorption..

[Master of Disguise]

Originally Posted by gentem

but bangalore is the only city where demand exceeds supply end of the year blore will lead absorption..

really wow....How??...genius