Chennai Projects Update thread - III

[kannan infratech]

Originally Posted by deepaksubramaniyan

Then I guess it should benifit TN a lot (almost 90%)

Nope.

TN will have only a portion of the road thro hilly & unusable land area. Karnataka will benefit the most. AP wants a share now and so wants rerouting through AP.

[karkal]

Sipcot giving final touches to industrial corridor in Tamil Nadu

CHENNAI: The State Industries Promotion Corporation of Tamil Nadu is in the midst of preparing the final plan for the corridor between Chennai-Sriperumbudur-Ranipet and Hosur in two phases.
The first phase which has plan details for Chennai-Sriperumbudur-Ranipet region has been prepared and the plan for Phase II covering Ranipet and Hosur is under consideration, according to a recent background paper on the Chennai-Bangalore industrial corridor published by ICRA and Assocham (The Associated Chambers of Commerce and Industry).

Ranipet industrial estates are spread along the national highway and state highways. Moreover, transport equipment part manufacturing industries have a 23% share among industries in the region. Leather and fur products, metal products and parts and non-metallic and mineral products have also major shares and industries in the region.

Once the entire corridor is ready, it is expected to attract industries that include agriculture, manufacturing, education, IT and special tourism investment zone. ""The focus in Tamil Nadu could be automobiles and auto ancillaries while in Bangalore, it could be aerospace. However, the investment model would have to tackle problems such as funding, land acquisition, rehabilitation of affected people and expertise of large project management. Ensuring better connectivity between Bangalore and Chennai can also result in better port connectivity for exports resulting from Bangalore. This can further result in Karnataka and Tamil Nadu becoming 'eastern market oriented gateways,' wherein they can cater to the East Asian economies on a bigger scale and increase trade integration with those economies,"" Assocham said.

[dis.agree]

Originally Posted by kannan infratech

Nope.

TN will have only a portion of the road thro hilly & unusable land area. Karnataka will benefit the most. AP wants a share now and so wants rerouting through AP.

i am not sure you got this route correct. this alignment is already complete. it's about 260 kms from hoskote but i am not sure end point in tn - sri perumbudur or possibly ponamallee. break up by states would be about 100km ka, 30 ap and 130 tn.

this would be 6 lane expressway & access controlled. i don't know if it would have service lanes all along and even if it did, access would be every 30-50 km possibly near towns. besides, i don't know how state checkposts would work along this expressway. i doubt this expressway would serve industries as well as existing route through vellore & hosur. this will benefit regular car/private vehicles a lot, mostly point-point bangalore - chennai traffic. traffic on current nh4 (through chittoor) has increased quite a lot over the last few years. i live in whitefield and route through chittoor is a good 60 km shorter and have been using this route for last few years. but i find this road increasingly dangerous and would go back to using hosur - vellore route inspite of this additional distance with about 20 km falling within bangalore city. however, if this expressway is built all traffic between these 2 cities would only flow through this expressway and you can also expect people to drive even more frequently.

is this expressway also being funded by japan? japanese were keen on high speed rail connecting these 2 cities. for truckers we already have route through hosur-vellore which is far more industrialized and is currently being 6 laned with tn planning additional industries along this corridor.

[R2IChennai]

They had the map in Hindu last year

[pinkypinnie]

The details regarding these projects were produced in the website clearly for the view of the people and to get aware of this. These projects are really very useful, that the Construction of the IT park is really a great advantage. Could you please produce some more attachments for the more detailed view?

[jayak914]

Sipcot giving final touches to industrial corridor in Tamil Nadu

CHENNAI: The State Industries Promotion Corporation of Tamil Nadu is in the midst of preparing the final plan for the corridor between Chennai-Sriperumbudur-Ranipet and Hosur in two phases.
The first phase which has plan details for Chennai-Sriperumbudur-Ranipet region has been prepared and the plan for Phase II covering Ranipet and Hosur is under consideration, according to a recent background paper on the Chennai-Bangalore industrial corridor published by ICRA and Assocham (The Associated Chambers of Commerce and Industry).

this news already posted sorry.....

[die4chennai]

Originally Posted by kannan infratech

Nope.

TN will have only a portion of the road thro hilly & unusable land area. Karnataka will benefit the most. AP wants a share now and so wants rerouting through AP.

TN will benefit the most and it came from the horse's mouth. KA industries minister himself had told that unless this project is extended till Mangalore, Karnataka will not be benefitted much

[proprashanth]

corridora konjam Goa varaikkum extend pannagana rombo nalla irukkum...

[kannan infratech]

New Alignment:

Japan Govt is willing to finance if they have a DFC connecting Bengaluru & Chennai Ports so that the Japanese companies near bengaluru can have direct access to the ports.

Others are trying to hijack this project to earn some brownie points.

If they keep demanding extensions, the project may never take off.

[jayak914]

Funds prop for JK Tyre facility

Calcutta, July 30: JK Tyre and Industries plans to invest around Rs 200 crore to double the capacity of its truck and bus radial (TBR) tyre line at its Chennai facility.

The company is also looking to acquire an overseas rubber plantation.

JK Tyre had commissioned its Chennai plant in February with a capacity to produce 25 lakh car radials and 2 lakh truck and bus radials per annum. It plans to increase the TBR line by another 2 lakh units per annum.

“We are looking to invest about Rs 200 crore to expand the capacity of our TBR line at the Chennai plant, which is expected to be fully operational by October. This will increase our overall production capacity to about 13 million tonnes per annum (including nylon tyres),” president and director Arun K. Bajoria said. The company has already invested Rs 970 crore in the unit.

Bajoria said the company was looking to acquire an overseas rubber plantation to secure supply. Though he refused to divulge details, the plantation could be in Southeast Asia.

This could also be part of the Rs 1,800-crore investment that the company has planned over the next 3-4 years. The company expects its turnover to grow 15-20 per cent this year from Rs 6,100 crore last year. Net profit stood at Rs 24.71 crore in the first quarter of this fiscal against Rs 0.96 crore in the year-ago period.

[jayak914]

ITC plans investment of Rs 25K crore in 5-7 years

Diversified conglomerate ITC today said it plans to invest about Rs 25,000 crore in the next 5-7 in various projects. Chairman YC Deveshwar told shareholders at the company's AGM in Kolkata that the company has planned to undertake investments of nearly Rs 25,000 crore spread over 40 projects across the country in the next 5-7 years.


The company is also working towards entering the nutrition, health and well-being segment. "ITC's growing presence in agriculture, food and personal care products is enabling a synergy of R&D capabilities to deliver future products aimed at nutrition, health and well-being", Deveshwar said.

He said recognising the special attention needed to tackle common health disorders in the country, several long term research platforms had been designed to create unique interventions. This, he said, would attempt to address problems of cardio-vascular health, cognition and diabetes.

Deveshwar said the company had built a state-of-the art R&D centre at Bangalore which would provide the required platform to deliver such future products. Aiming to become the number one FMCG player in the country (barring cigarettes), Deveshwar said the company was eyeing a topline of around Rs 15,000 crore over the next five to seven years from this new line of business.

"ITC is making an audacious campaign to build Indian brands", he said. ITC's segment revenue from non-cigarette FMCG business had already crossed Rs 5500 crore, he noted. Referring to Wimco, which was acquired by the company in 2005, he said the land of the closed factories at Maharashtra and Chennai would be utilised by converting them into food parks.

On export of food products by ITC, Deveshwar said that `Aashirwaad' brand atta was being exported to New Zealand, Australia, US and Canada. But the government had imposed restrictions on such exports for ensuring food security in wheat-based products, he said.

He said that the company had suggested that value-added exports of food products should never be stopped but can come with some obligation imposed on the company to import equivalent amount of wheat into the country.

Deveshwar said the suggestion was receiving a favourable attention from the government. Regarding the Nepal subsidiary, he said it was the number one company in that country in terms of size and employees.

[kvijayasundaram]

http://www.thehindu.com/business/com...cle3728142.ece

Madras Fertilizers Limited (MFL) is planning to set up a container freight terminal and a power plant at its existing plant at Manali near Chennai, Chairman and Managing Director of the company I. Vijayakumar said here on Friday.

Addressing a press conference, he said the company had resumed production of complex fertilizers, which was discontinued about five years ago. The company had plans to produce about 4.2 lakh tonnes of 17-17-17 (NPK) in addition to 4.86 lakh tonnes of urea, one lakh tonnes each of DAP, 20-20-0-13 and potash during the current year.

Last year, it had produced 4.87 lakh tonnes of urea, 480 tonnes of bio-fertilizers and 116 kilolitres of neem-based pesticides, and made a profit of Rs.112 crore from out of a turnover of Rs.2,207 crore. Three lines had resumed production of complex fertilizers, he said.

The company would utilise 130 acres available at its plant at Manali for container terminal as the area was nearer to the port, he said. Further, the company was planning to convert feedstock from naptha to LNG in the next two years. Conversion of RLNG (regasified liquefied natural gas) feedstock would result in lower energy consumption and reduce cost of production.

[murlee]

Exim Bank to help exports of Indian medicine products

The Export-Import Bank of India has agreed to provide loans to fund the setting up of common infrastructure facilities at Sriperumbudur, near Chennai, which will help boost exports of ayurveda, yoga and naturopathy, unani, siddha and homeopathy products from India.

The producers of these ‘AYUSH’ products have set up a common company, Traditional Ayush Cluster of Tamil Nadu Pvt Ltd (TACT), which is eligible for support from the government of India under the ‘cluster company’ scheme.

With the funding from Exim Bank, the cluster company will set up hi-tech facilities for testing and analysis, product validation, safety studies and manufacturing. Apart from upgrading the manufacturing technology of ayurvedic drugs, a facility is also being developed for entrepreneurs to help them compete in the international market and to develop a R&D centre, especially for Siddha and Ayurveda products.

The loan agreement was signed recently by Prabhakar Dalal, Executive Director, Exim Bank and V. Dharmalingam, Chairman, TACT, in Chennai.

“The support from Exim Bank will enable us to meet the basic standards and scientific protocols, thereby enhancing acceptability of our products internationally,” says Dharmalingam.

Tamil Nadu has 900 units in the ‘Indian Systems of Medicine (ISM)’ sector, and accounts for 7 per cent of the overall turnover of the industry.

Dharmalingam notes that the ISM products have good export potential but it is imperative for manufacturers to validate their products and processes by adopting modern, good manufacturing practices.

http://www.thehindubusinessline.com/...ue&ref=wl_home

[vinodgopal]

Originally Posted by murlee

Exim Bank to help exports of Indian medicine products




http://www.thehindubusinessline.com/...ue&ref=wl_home

pathunde irunga vera country adha patent panna poranga ippo.

[bonoslack7]

http://www.stockhouse.com/News/USRel...aspx?n=8585346

American Axle & Manufacturing Holdings, Inc. (AAM) today announced the grand opening of its Chennai Manufacturing Facility (CHMF), located in the industrial park of Mahindra World City in southeastern India.

Cliff Owens, CHMF Plant Manager, will oversee the facility's manufacture of highly engineered driveline products for the region. Products manufactured at the facility include a family of front and rear axles for commercial vehicles.

"We are extremely pleased to celebrate the grand opening of AAM's third regional manufacturing operation in India," said AAM Executive Vice President, Worldwide Operations John J. Bellanti. "The Chennai Manufacturing Facility will allow us to leverage AAM's track record of world-class quality, delivery, reliability and outstanding warranty performance while furthering AAM's global expansion in emerging markets."

"Profitable growth in India is a key component of AAM's global business strategy," said Managing Director – AAM India, Anand M. Ganguly. "Chennai Manufacturing Facility reflects AAM's commitment to India while allowing us to provide advanced-technology products for current and potential new customers throughout the region. The facility is strategically located in close proximity to our OEM customers."

[murlee]

Huawei to start smartphone production at Chennai plant

Leading telecom equipment manufacturer Huawei is firming up plans to manufacture smartphones for the Indian market out of its facility in Chennai. The company already manufactures networking equipment at that facility.

“We are currently conducting quality evaluations and sorting out supply chain issues,” said Victor Shan, president of Huawei India’s device business department. At present, Huawei manufactures phones in China and outsource some of it to Foxconn, a worldwide producer of handsets for top brands globally.

Shan believes the mobile devices market in India is vast and all devices ranging from feature phones to smartphones find a ready market here. “Low-level feature phones are preferred in rural areas while smartphones are preferred in tier I and tier II cities,” he said. Tier I cities accounted for 60 per cent of all smartphone sales while tier II cities made up the rest.

Huawei, which is present in 35 cities and 2500 outlets nation-wide, plans to expand its presence to over 200 cities and 20,000 outlets over the next 3 years.

The demand was greatest for “smartphone look alike ” instruments, he added. Sold in the Rs 5,000 10,000 price range, these phones constitute 80 per cent of Huawei’s mobile phone sales.

Bullish on smartphones, the company expects to sell one million smartphones this year and 3-4 million ‘look alike’ phones. “We expect our handsets business to contribute 30 per cent of overall revenue this year,” Shan said.

Apart from smartphones, Huawei is also betting big on data dongles. Dongles are devices that connect the user to 3G or other data network. It houses a SIM card for connecting to a data network. Huawei currently has 55 per cent share of the global data card market while its market share in India is 65 per cent.

The company’s product pipeline for the near future comprises of devices equipped to take advantage of superior network speeds of 4G networks. “We will be launching an LTE-capable tablet by end of this year,” said Shan who refused to divulge its price. Long-term evolution (LTE) is one of the ways 4G services are provided. Wi-Max is the other standard. This bullishness on 4G and data services comes despite the slow uptake of 3G services.

http://wrd.mydigitalfc.com/news/huaw...nnai-plant-073

[saysenthil]

Originally Posted by murlee

Huawei to start smartphone production at Chennai plant

http://wrd.mydigitalfc.com/news/huaw...nnai-plant-073

Wow thats a great news indeed.... As per the latest Smart phone rankings this Chinese smart phones are among the top 3 in the world. Cool that they have also opted for Chennai!!

[jaish]

It is good news.

[ThoughtomatioN]

Hyundai WIA to invest $30 million in machine tools

Hyundai WIA India plans to invest up to $30 million in setting up machine tools division at Sriperumbudur near Chennai.

Young Kim, Head-Machine Tools Division, Hyundai WIA, part of the diversified Hyundai of Korea, said the company plans to complete the heavy machine tools division unit by July. “We may invest $10 million more in the project later to expand the facility and also add more products” he said. “This is very crucial for our operations in India and will support our internal expansion and also existing manufacturing plants in the country. We plan to repeat the success we achieved in China by setting up such a facility there” he told Business Line. Young Kim was here as part of the Machine Tools and Engineering Process Conference at Fapcci. The company is seeking to display its precision engineering and tooling capability, which played a crucial role in the growth of the Korean automotive major.

[saysenthil]

IOC arm Chennai Petro to invest Rs 760 cr in FY13

Major part of the investment to go toward resid ungradation project

The Indian Oil Corporation (IOC's) subsidiary Chennai Petroleum Corporation Ltd (CPCL) is planning to invest about Rs 760 crore in the current fiscal year.

Major part of the investment would go towards the company's resid project which is awaiting environmental clearance. The total cost of the upgradation project is estimated to be around Rs 3000 crore.

A S Basu, managing director, CPCL said that 50% of the Rs 730-760 crore would go for resid project and crude oil pipeline project connecting Chennai port with company's refinery at Manali, north of Chennai.

He added, the resid project was supposed to go on stream end of 2013, but it will be delayed. "From the time we get environment clearance, it will take 30 months to commission the project".

The project will help the company to improve its gross refinery margin (GRM) by $1-2 per barrel, said D Lilly, director - finance, CPCL.

Asked whether the delay will increase the cost of the project, Lilly said, "it (escalation) may not be their now since economic slow down still continues".