Sriperumbudur & Oragadam Projects Update

[Subra]

Originally Posted by Rasnaboy

Oh great!! Do you have any source for that (Daimler), Subra?

Based on a old press article, couldn't find the source now.

[Elango1984]

Velankani, an affiliate of AIG Global Real Estate, Tuesday said it will invest Rs.3 billion in the Velankani Tech Park, a notified special economic zone (SEZ), in Tamil Nadu's Sriperumbudur area.

"The proposed development of 8.5 million square feet is aimed at providing `plug-and-play' space for at least 20 electronics hardware and telecom component manufacturers and IT/ITES (IT enabled services) companies to commence operations in a seamless manner in this industrial hub," Velankani director Kiron Shah said.

"All basic infrastructure will be provided by Velankani to meet tenant requirements including future expansion. AIG Global brings tremendous experience in development of industrial parks worldwide and we hope to augment the burgeoning industrial growth in the state by partnering the global giant's experience," Shah added.

"This investment is a statement of AIG Global's continued commitment to India and our investors," AIG Global Real Estate India managing director Rajesh Agarwal said.

Sriperumbudur, an industrial hub, is 50 km west of Chennai.

AIG Global owns, manages, or has under-development approximately $25.7 billion in assets of all property types located in over 50 countries, according to a company release

http://www.newkerala.com/topstory-fullnews-35179.html

[Rasnaboy]

CHENNAI: AIG Global Real Estate has invested in Venlankani Tech Park, part of the Bangalore-based Velankani group. Velankani is developing a notified special economic zone in Sriperumbudur. According to a release, the proposed development of 8.5 million sq. ft is aimed to provide plug-and-play space for electronics hardware and telecom component manufacturers and IT/ITeS companies.

Source: http://www.hindu.com/2008/10/23/stor...2356251800.htm

[kvijayasundaram]

http://www.thehindubusinessline.com/...2451322300.htm

........The company has taken up a Rs 300-crore project to build economy homes near Siriperumbudur near Chennai. About 1,500 apartments in multi-storey blocks, with size ranging between 1,000 and 1,200 sq. ft and costing up to Rs 20 lakh would be built, Mr Reddy said.

About 20 acres has already been acquired. The target group is the large industrial workforce in the area, which houses automotive majors and a wide range of industries, he told Business Line...............

[Rasnaboy]

CHENNAI: State Industrial Promotion Corporation of Tamil Nadu (SIPCOT) on Friday allotted 380 acres of land at Pillaipakkam to Ashok Leyland-Nissan Motor for manufacture of 1.90 lakh Light Commercial Vehicles (LCVs).

The Rs. 4,150 crore project will come up at Pillaipakkam, Ennore and Hosur.

“In the first phase, we have allotted 380 acres at Pillaipakkam and they have sought another 380 acres for their phase II in Vallam Vadagal area.

Civil works

They are likely to commence the civil works soon,” said a SIPCOT official.

Ashok Leyland-Nissan Motor entered into a memorandum of understanding with the State during the first week of September 2008.

Source: http://www.hindu.com/2008/10/25/stor...2561150700.htm

[Rasnaboy]

Where is "Vallam Vadagal"? Near Sriperumbudur?

[Kewl Batty]

Originally Posted by Rasnaboy

Where is "Vallam Vadagal"? Near Sriperumbudur?

Where is pillaipakkam first? then talk about vallam vadagal or something..
can someone enlighten us on these locations??

[kannan infratech]

Originally Posted by Kewl Batty

Where is pillaipakkam first? then talk about vallam vadagal or something..
can someone enlighten us on these locations??

Pillaipakkam and Sirugalathur are all villages situated on the southern side of Bangalore Highway in between chembarambakkam and kundrathur (approx).

SIPCOT has started acquiring lands now along Sriperumpudhur Kundrathur road, Sriperumpudhur Oragadam road and Sunkuvarchatram Chengalpet road(Walaja).

Since the demand for land is high from industries, it is a nice move. But the compensation to be given to the land owners have to be in tune with the market.

This belt may become the satellite city (Industrial) of Chennai. The rectangle Tambaram - Chenglepet - Kanchipuram - Sriperumpudhur is the place which will rock in the next few years.

[Rasnaboy]

Produces 200 million sets in 3 years.



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“We have two manufacturing units in China so there is a precedent. India is similar to China in terms of the market size and, therefore, we do not see any reason why we cannot have another plant in India one day. We may look at it.”
--------------------------------------------------------------------------

New Delhi, Oct 25 Riding on a surge in mobile usage in the country, Nokia’s handset manufacturing unit in Tamil Nadu this week reached production volume of 200 million handsets.

The target has been achieved within just three years of launching the facility at Sriperumbudur, about 50 km west of Chennai, making it the fastest growing unit for Nokia globally in terms of handset production.

Employee strength

The manufacturing facility, with over 8,000 workers, is already Nokia’s largest plant in the world in terms of employee strength.

Mr David Cheung, Vice President, Volume Operations, Markets told Business Line: “The factory in Tamil Nadu has performed beyond all our expectations and projected targets. This is not just in terms of the output or the number of units but also when it comes to best practices and the commitment of the workers.”

Nokia had rolled out its 125 millionth handset from the TN plant in March this year.

Plan for second one?

When asked whether Nokia plans to set up a second unit in India, Mr Cheung said: “We have two manufacturing units in China so there is a precedent. India is similar to China in terms of the market size and, therefore, we do not see any reason why we cannot have another plant in India one day. We may look at it.”

Nokia has invested close to $285 million in the plant till now.

Approximately 50 per cent of its production at Sriperumbudur is consumed domestically and the rest exported to countries across West Asia and Africa, rest of Asia, Australia and New Zealand. “India’s proximity to markets in West Asia and Africa has made the manufacturing facility near Chennai a global hub for Nokia,” Mr Cheung said.

Hardware production

On China being a more attractive destination for hardware manufacturers compared with India, Mr Cheung said: “We need to be patient. China has not become a manufacturing destination overnight. India is on the right track in this regard. However, the Indian Government should focus on creating better infrastructure such as power, road, transport and better education to attract more investments. There should also be emphasis on meeting the aspiration levels of the workers in the manufacturing units as their income improves and demand rises.”

High-end sets

Asked why Nokia does not manufacture high-end mobile handsets in India, Mr Cheung said the product portfolio was decided keeping in mind the needs of the local market.

“Nokia does not have a single factory where all the products are manufactured. We want to achieve the best cost-efficiency by spreading the production across various facilities. But that does not mean that the Indian unit will not move up the value chain,” he added

Source: http://www.thehindubusinessline.com/...2650670700.htm

[Elango1984]

After four years of operation in India, Kuantan-based Thomyam Food Industries (India) Pvt Ltd now targets other neighbouring South Asian and West Asian markets to sell its flavoured sweet jelly and pudding confectionary.

In an interview with Bernama, the company's India operations general manager Lim Tee Jiow said Thomyam also planned to double its production for the Indian market, where demand figures were on a healthy track.

"Our target is to increase the production volume by 50 to 60 percent in the next few months. Two months ago, we started exporting to Bangladesh and we are looking at Sri Lanka and Maldives in the near future," said Lim.

In 2004, the company opened its factory in Sriperumbuthur, about 60 kilometres from Chennai, to produce a range of jelly and pudding of different flavours, from apple, strawberry, pineapple, mango to lychee, which has become popular among children.

The company sold only 26 tonnes in the early years in India but new marketing strategies gradually helped step up its production, with 300 tonnes in 2006/2007 and 520 tonnes in 2007/2008.

"From April to October this year our production is 600 tonnes and we are confident of reaching 1,000 tonnes in 2009. Our product is well accepted because of the quality and the taste," Lim said.

"Our aim is to distribute throughout India but we are now concentrating on South India like Tamil Nadu, Kerala, Karantaka and Andhra Pradesh because of transport problems," he said.

Using local workers and local products, the company produces all its jelly and pudding products in its Sripertumbuthur factory, and only jelly powder ingredient is imported from Malaysia.

Despite competition from North Indian producers of a similar product, Thomyam is confident of increasing its market share, from the current below 50 percent figure, said Lim.

http://www.bernama.com/bernama/v5/ne....php?id=369482

[Rasnaboy]

CHENNAI: Amara Raja Batteries has launched a new retail store format, Powerzone, to cater to the growing need for better technology and better service at affordable price in the rural markets. It will be a one stop shop offering a platter of products such as automotive batteries, tractor batteries, home UPS and two wheeler batteries, says a release. The powerzone store was recently inaugurated at Sriperumbudur, Kanchipuram district, Tamil Nadu

Source: http://www.hindu.com/2008/11/07/stor...0754251700.htm

[Into_salem]

Foundation laid for the electronics hub at Oragadam

The Rs. 250-crore facility will be ready by end-2009

Initially, it will be assembling all the components

CHENNAI: Delphi Corporation laid the foundation for the construction of a new electronics manufacturing facility at Oragadam near Chennai. This will be the fifth facility for Delphi in India.

Delphi will be investing close to Rs. 250 crore in the new facility, which is planned to be built in three phases and is expected to be operational towards the end of 2009, according to Ashok B. Ramaswamy, President and Managing Director, Delphi India.

The foundation was unveiled here on Monday by Jeffrey J. Owens, President, Delphi Electronics & Safety and President, Delphi Asia Pacific; Ashok B. Ramaswamy, President & Managing Director, Delphi India; M. F. Farooqui, Principal Secretary to the Industries Department in Tamil Nadu and M. Velmurgan Director, Guidance Bureau, Industries Department, Government of Tamil Nadu were present on the occasion.

Mr. Ramaswamy said the new facility would come up on 10 acres. In the first phase, it would manufacture immobiliser, body computer, instrument clusters and driver information systems. In the second phase, it would produce safety products and in the third phase audio products. With the setting up of the Chennai facility, Delphi’s entire range of products that were being manufactured outside India would now be produced in India itself. At present, it had four facilities located in and around Delhi and a technical centre in Bangalore.

Mr. Ramaswamy said Chennai was becoming the hub for the manufacturers of small and medium-sized cars. Electronic and automotive industry was also booming. These factors drew Delphi to set up shop here, he said.

Mr. Owens said at present the new facility would be assembling all the components. The local content of these components would be increased only with the demand, he added.

http://www.hindu.com/2008/11/11/stor...1156391600.htm

[pdykid]

Originally Posted by Into_salem

Foundation laid for the electronics hub at Oragadam

The Rs. 250-crore facility will be ready by end-2009

Initially, it will be assembling all the components

CHENNAI: Delphi Corporation laid the foundation for the construction of a new electronics manufacturing facility at Oragadam near Chennai. This will be the fifth facility for Delphi in India.

Delphi will be investing close to Rs. 250 crore in the new facility, which is planned to be built in three phases and is expected to be operational towards the end of 2009, according to Ashok B. Ramaswamy, President and Managing Director, Delphi India.

The foundation was unveiled here on Monday by Jeffrey J. Owens, President, Delphi Electronics & Safety and President, Delphi Asia Pacific; Ashok B. Ramaswamy, President & Managing Director, Delphi India; M. F. Farooqui, Principal Secretary to the Industries Department in Tamil Nadu and M. Velmurgan Director, Guidance Bureau, Industries Department, Government of Tamil Nadu were present on the occasion.

Mr. Ramaswamy said the new facility would come up on 10 acres. In the first phase, it would manufacture immobiliser, body computer, instrument clusters and driver information systems. In the second phase, it would produce safety products and in the third phase audio products. With the setting up of the Chennai facility, Delphi’s entire range of products that were being manufactured outside India would now be produced in India itself. At present, it had four facilities located in and around Delhi and a technical centre in Bangalore.

Mr. Ramaswamy said Chennai was becoming the hub for the manufacturers of small and medium-sized cars. Electronic and automotive industry was also booming. These factors drew Delphi to set up shop here, he said.

Mr. Owens said at present the new facility would be assembling all the components. The local content of these components would be increased only with the demand, he added.

http://www.hindu.com/2008/11/11/stor...1156391600.htm

Seems this company facing bankruptcy in US.

GM woes worsen after Delphi warning

“
Delphi filed for Chapter 11 protection in October 2005 and has struggled to find investors to finance its emergence.
GM warned on Monday that the Michigan-based parts maker “is unlikely to emerge from bankruptcy in the near-term and possibly may not emerge at all”, forcing it to liquidate its assets.
“
http://www.ft.com/cms/s/0/08b2dc6c-a...077b07658.html

[lakshman]

Me in Chicago.I heard that there was a hoarding erected on vandalur - padappai road by a builder just after mudichur road junction towards padappai.CAN ANY ONE GET ME THE BUILDERS NAME IF POSSIBLE..I think the road widening is also started.This will be first project on that streach.Still many will come in span of 2-3 years.

[Rasnaboy]

KANCHEEPURAM: The Sriperumpudur Town Panchayat has taken up basic infrastructure works, including construction of shops and a restaurant at the bus terminus, at a total cost of around Rs.2.20 crore.

The old shops that had been let out to traders on ground-lease basis earlier will be replaced by uniformly-spaced (10 feet by 10 feet) shops on the southern and western sides. A restaurant will also come up atop the building.

The civic body has allocated Rs.74.20 lakh for the project and the work of constructing 38 shops has started.

It has also been proposed to install high-mast lamps in important junctions.

Two high-mast lamps had already been installed near the bus terminus.

Source: http://www.hindu.com/2008/11/16/stor...1650620200.htm

[Arul Murugan]

Infrastructure development under way at Sriperumbudur

V. Venkatasubramanian

Shops and restaurant to be built at the bus terminus

NEW AMENITIES: Shops being built at the bus terminus in Sriperumbudur

KANCHEEPURAM: The Sriperumbudur town panchayat has taken up infrastructure development, including construction of shops and a restaurant at the bus terminus, at a cost of Rs.2.20 crore.

The old shops, which have been rented to traders on a ground-lease basis earlier, are being replaced with uniform-space shops (10x10 feet) in the southern and western sides. A restaurant will come up atop the terminus building. The civic body has allocated Rs.74.20 lakh for this project, and the work on building 38 shops have started.

Flood drains


The civic body has also decided to build flood drains (along the main throughfares) and lay 21 cement roads, besides taking up infrastructure development works worth Rs.1.45 crores.

These works apart, it also proposes to install high-mast lamps at five places: near the Indira Gandhi statue, the Chennai-bypass junction on the Chennai-Bangalore National Highway, the Adhikesava Perumal temple, the Sivan temple and at the junction of the Chennai-Bangalore National Highway-Kodambakkam Road near the Rajiv Gandhi Memorial, according to Executive Officer V. Jayaraman. Two high-mast lamps have already been installed near the bus terminus.

http://www.hindu.com/2008/11/20/stor...2060310500.htm

[Into_salem]

Hospitality

Empee International Hotels & Resorts Ltd, based in Chennai, plans to develop a 3-star hotel at Sriperumbudur in Kanchipuram district of Tamil Nadu.
Ramakrishnan, Vice President, told Projectmonitor, "The town of Sriperumbudur has many advantages for setting up the hotel project. There is lots of industrial development with excellent future prospects. Besides, it's an important industrial
corridor in the region. Nearly Rs 2,500 crore investment is expected in this industrial corridor. The actual hotel will be located about 3 km from Sriperumbudur, on the Chennai-Bangalore highway."
Commenting on the hotel itself, he added, "It's going to be a budget hotel with 100 keys. It's still in contract stage, and the current guess is that it may be ready by 2011. We've not yet worked out the cost. We've a plot of land measuring one acre, but the hotel-cum-resort complex itself will cover 65,000 sq. ft. Regarding clearances and approvals, we've got in-principle approval for the layout development plan."
The Empee Group of Hotels also manages the Grand Orient and New Victoria hotels in Chennai.

http://www.projectsmonitor.com/detai...17536&secid=28

[Elango1984]

The Tamil government is planning to create a dedicated country-specific industrial townships near Chennai, where the investors can locate both their businesses and homes in the same place.

As a first step, the state government has identified Sriperumbudur and its adjacent areas to create dedicated townships for those investors from three countries such as Korea, Finland and Japan who have a major presence in and around Chennai, sources in the State Industrial Promotion Corporation of Tamil Nadu (SIPCOT) told FE.

“The state government is said to have issued a neccessary government notification in this regard and the Corporation is in the process of acquiring anywhere between 1,500 acres and 1,800 acres at Sriperumbudur and its adjancent areas,” a SIPCOT official said.

“The state government is wanted to create a township-like cities for the investors from different countries and accordingly going forward with its plans. We hope to complete the land acquisition process in the next six months and will create basic facilitiers there to woo group of investors,” the sources said.

Initially the state government is targeting investors from countries such as Korea, Finland and Japan for the said township projects. The investors can put up their projects other than pollution in nature apart from have their own residential complexes. The state government will provide all basic facilities. Industries such as auto components, electronic units are some of the segments can be put up there, the sources added.

In addition to SEZs on apparel, leather, and engineering goods, the state government is also in the process of setting up a food SEZ at Nilakottai near here. The Corporation is working on the project and will soon identify land to house the project.

The state government has also started acquiring land ranging between 1,000 acres and 1,500 acres in places such as Madurai, and Tuticorin to woo major investments to these regions. The state government is already initiated necessary exercises in this regard.

http://www.financialexpress.com/news...-in-tn/401600/

[Rasnaboy]

An investor-friendly move...

[kvijayasundaram]

http://economictimes.indiatimes.com/...ow/3883021.cms

Silk to silicon typifies the change undergone by heritage town Kanchipuram. Ten years ago, the sleepy Sriperambudur corridor, in Kanchi
district of Tamil Nadu, was totally disconnected from the capital. But, the state’s clinching of the major Ford car project in 1995 marked its transformation into an industrial hub.

Comparable to Chakan, near Pune, and Gurgaon, there are over 22 Fortune 500 companies operating and 27 private SEZs are coming up in the district. Needless to say, investment flow in the belt has surpassed official forecasts.

There are 140 projects in pipeline in the corridor, with an investment tag of Rs 1 lakh crore. Assuming even a mortality rate of 50% in view of the current slow down, it looks poised to attract Rs 50,000 crore or $12 billion as investment in the near future.

It is expected to generate employment close to two lakh by 2010 or early 2011. These and more staggering statistics show the transformation that the belt has undergone in the last one decade. Six global car manufacturers plus electronic hardware majors have made big ticket investments here. Competition from other states, marathon sessions and sleepless nights led to investments pouring in from world-over.

A fact reflected by global companies like Ford, Hyundai, BMW, Renault-Nissan, Caparo, Daimler, Mitsubishi (via HM), Delphi, Saint-Gobain, Nokia, Motorola, Foxconn, Flextronics, Dell and Samsung, selecting this as the destination to park their investments.

While efforts are on to sustain the momentum, OEMs and their suppliers in the area want authorities to address burning issues like the lack of physical infrastructure—better road, rail and air connectivity, power supply, water, industrial gas pipeline and truck parking area—besides social infrastructure like mass low cost housing projects, hospitals, schools and police stations.

On the other hand, officials want companies to provide jobs to locals, especially those who lost their land to projects and take up more skill training programmes. With the Centre insisting on rehabilitation and resettlement of people who lost their land and land prices shooting up in the belt, State agencies want to take up the role of facilitating direct dealing between investors and land owners.

Against this backdrop, ‘Wheels in Motion’ an ‘ET Think Turf’ initiative was organised recently at Waterina Hotel and
resorts at Sriperambadur to discuss the future growth strategy for the corridor. TN Industries Department Guidance Bureau director M Velmurugan, who has been closely associated with winning all the major projects in the last decade, outlined the state’s vision to transform it into one of the best industrial corridors in the country.

“Few years ago, the entire country was producing less than a million cars. By the end of 2010, the six car manufacturing plants in this corridor alone will account for 1.28 million and become one of the top 10 global car manufacturing centres” he said.

Kanchipuram District collector Santhosh K Misra said the district topped in terms of contribution to the state GDP. “Based on our estimates, companies in this corridor are doing business worth Rs 70,000 crore and employing one lakh people. Besides, Siruseri IT park, which also falls under Kanchi, employs about 50,000 people. With Moser Baer coming in as a silicon manufacturer, we are going from an era of silk to silicon,” he said.

He traced the transformation to a vibrant eco-system to encourage investments, primarily on the basis of its vast talent pool. Another key advantage is the hassle-free land acquisition. The Oragadam model in land acquisition, which attempted to give fair market value to land-owners, was replicated at Pillaipakkam also, he added. Mr Misra said this would be the corridor of the future, especially with the government declaring its intention to make it a corridor of excellence in the industrial policy.