Coimbatore’s Oppanakara Street is turning into a hub of saree companies with some of the most renowned saree houses looking to shift there as they are not finding enough space in Chennai.
Oppanakara Street is already home for famous saree shops like Chennai Silks, Sri Ganapathy Silks and Pothys and RmKV Silks are eager to enter Coimbatore sooner or later.
However, both the companies are taking different routes to enter the market with Pothys looking to buy out Shobha Textiles and RmKV all set to launch its own shop in Coimbatore.
Shobha Textiles was a profit making company until the bomb blast in 1998 and by the time it got ready for re-launch, Chennai Silk had already taken over the market.
Managing partner of Pothys, S Ramesh confirmed the plan to acquire the company and said that the deal was still in negotiation stage. Experts have put the price of Shobha Textiles around Rs10 crore.
In September, 2005, Ganapathy Silks, based in Sankaranoil and a textile retailer in Tirunelveli district had its first showroom with a cost of Rs10 crore.
Kalyan group from Kerala which is a big textile group had set up its shop in the city a few years ago. Textiles firms are betting on the fact that 40-50 jewellery shops in the nearby Raja Street will help them as the shoppers looking for one-stop shopping will definitely ferry around the Oppanakara Street.
Courtesy : fibre2fashion
Friday, September 08, 2006
Thursday, September 07, 2006
Reach Technologies plans new center @ Coimbatore
Bangalore-based Reach Technologies Ltd (RTL), a certified Microsoft partner and a leading integrated IT solutions provider to the soft goods industry, unveiled its Reach Enterprise Resource Planning (ERP) solution customised on Microsoft Dynamics here.
"The all-in-one solution is an attempt to propel the soft goods industry, which is currently facing problems like shifting consumer preferences, reduced time-to-market, and lack of the co-ordination across the supply chain," RTL CEO Shyam Raj said at the event organised to highlight the problems faced by the industry.
The event, jointly sponsored by RTL, Microsoft, Intel and the Tirupur Exporters Association (TEA), highlighted the need for collaborative partnerships between retailers, brands and manufacturers/sub-contractors in the soft goods industry through the strategic use of IT, enabling cluster adoption of IT by Tirupur apparel manufacturers.
"Under the arrangement between Microsoft and RTL for Reach ERP solution, implementation and customisation fee will go to RTL while the license fee will be shared equally by the two companies," Mr Raj told UNI.
Reach ERP, based on the business solution Microsoft Dynamics, will range from Rs 3.5-4 lakh to Rs 2 crore, depending on the usage and functionality of the solutions, and will be implemented in Tirupur in the next four months, Mr Raj added.
"Under the cluster initiative of the Government of India, there are 388 clusters which are industry specific, and Phase I of Microsoft, IT enabling these clusters, include the Tirupur Apparel Industry, Ahmedabad Pharmaceutical companies and the Pune automative component companies, by the end of this year," Microsoft Product Technoloy Specialist Lead Ashish Bhatnagar said.
He also hinted at a chemical manufacturing unit in Ankleshwar, but refused to divulge any details.
On the basis on which the clusters were chosen, he said, "we have a fixed criteria with the National Manufacturing Competitiveness Council (NMCC) and other Goverment organisations on the basis, on which we choose the clusters."
The annual turnover of RTL is over 4 million dollars.
"We expect a conservative 3 million dollar turnover from the Reach ERP solution, alone and are hoping to double the total turnover this fiscal," Mr Raj said.
The company has 450 customers in India, "and we are aiming to take that number to 5,000 by 2009. We have a development centre in Bangalore with around 200 people and are opening another centre in Coimbatore with a 400 capacity in the next nine months.
The company is also scouting acquisitions in North America and Western Europe and to access and tap into the market there.
"Out of the total 120 companies we were looking at for acquisitions abroad, we have shortlisted 120 companies and in the next two months hope to finalise 6-7 million dollar deal in Western Europe. However negotiations are on and details will be available as and when we finalise everything," Mr Raj said.
Tirupur, which is a Rs 8,000 crore cluster at present is aiming at being worth Rs 15,000 crore in the next five years time, besides breaking it's image from being a 'nightwear destination' to specialise in complete range of knitwear, Textile and Apparel Consultant G Somasundaram said at the meet.
As an emerging apparel and textile market, we are aiming at Tirupur achieving a 8 per cent share in the world textile trade and overall growth to reach 85 billion dollars by 2010, he added.
The solutions will IT enable the entire apparel value chain and soft goods retailers, brands and manufacturers compress mind-to-market times more quickly and at lower cost than with existing solutions in the market today.
Reach ERP will effectively streamlining and integrating customer service, design, sampling, merchandising, production, distribution and financial processes and optimally utilise resources across the enterprise, to help it deliver products faster, better and cheaper.
Tirupur is the second largest textile hub with a cluster of apparel manufacturers exporting more than 2 billion dollars worth of merchandise to Europe and the US markets.
The city is a leading source of hoisery knitted garments, casual wear and sportswear, and besides generating a majority of foreign exchange due to its exports, also accounts for 90 per cent of India's cotton knitwear export.
The textile and apparel industry contributes 14 per cent of the total industrial production in the country, and 56 per cent of India's total knitwear exports come from Tirupur. The total apparel market in India currently stands at Rs 400 crore, while the global apparel and textile market stands at 4,500 billion dollars.
"The Indian soft goods industry is the largest growing export market to the US and Europe and Tirupur, a large cluster of future-oriented apparel companies, can be seen as a knitwear leader through the strategic use of IT, which is a source of competitive advantage and can help tap new opportunities," TEA President A Sakthivel said.
The global soft goods industry is currently worth 1.2 trillion dollars.
RTL, which currently sells its products in China, Hongkong, Singapore and India, is in the process of setting up base in London, in the next 2 months, offers pre-packaged products, custom solutions, consulting services and offshore development facilities for the retail, apparel, textile, home furnishings, footwear and leather accessories and allied industries.
Courtesy : The Hindu
"The all-in-one solution is an attempt to propel the soft goods industry, which is currently facing problems like shifting consumer preferences, reduced time-to-market, and lack of the co-ordination across the supply chain," RTL CEO Shyam Raj said at the event organised to highlight the problems faced by the industry.
The event, jointly sponsored by RTL, Microsoft, Intel and the Tirupur Exporters Association (TEA), highlighted the need for collaborative partnerships between retailers, brands and manufacturers/sub-contractors in the soft goods industry through the strategic use of IT, enabling cluster adoption of IT by Tirupur apparel manufacturers.
"Under the arrangement between Microsoft and RTL for Reach ERP solution, implementation and customisation fee will go to RTL while the license fee will be shared equally by the two companies," Mr Raj told UNI.
Reach ERP, based on the business solution Microsoft Dynamics, will range from Rs 3.5-4 lakh to Rs 2 crore, depending on the usage and functionality of the solutions, and will be implemented in Tirupur in the next four months, Mr Raj added.
"Under the cluster initiative of the Government of India, there are 388 clusters which are industry specific, and Phase I of Microsoft, IT enabling these clusters, include the Tirupur Apparel Industry, Ahmedabad Pharmaceutical companies and the Pune automative component companies, by the end of this year," Microsoft Product Technoloy Specialist Lead Ashish Bhatnagar said.
He also hinted at a chemical manufacturing unit in Ankleshwar, but refused to divulge any details.
On the basis on which the clusters were chosen, he said, "we have a fixed criteria with the National Manufacturing Competitiveness Council (NMCC) and other Goverment organisations on the basis, on which we choose the clusters."
The annual turnover of RTL is over 4 million dollars.
"We expect a conservative 3 million dollar turnover from the Reach ERP solution, alone and are hoping to double the total turnover this fiscal," Mr Raj said.
The company has 450 customers in India, "and we are aiming to take that number to 5,000 by 2009. We have a development centre in Bangalore with around 200 people and are opening another centre in Coimbatore with a 400 capacity in the next nine months.
The company is also scouting acquisitions in North America and Western Europe and to access and tap into the market there.
"Out of the total 120 companies we were looking at for acquisitions abroad, we have shortlisted 120 companies and in the next two months hope to finalise 6-7 million dollar deal in Western Europe. However negotiations are on and details will be available as and when we finalise everything," Mr Raj said.
Tirupur, which is a Rs 8,000 crore cluster at present is aiming at being worth Rs 15,000 crore in the next five years time, besides breaking it's image from being a 'nightwear destination' to specialise in complete range of knitwear, Textile and Apparel Consultant G Somasundaram said at the meet.
As an emerging apparel and textile market, we are aiming at Tirupur achieving a 8 per cent share in the world textile trade and overall growth to reach 85 billion dollars by 2010, he added.
The solutions will IT enable the entire apparel value chain and soft goods retailers, brands and manufacturers compress mind-to-market times more quickly and at lower cost than with existing solutions in the market today.
Reach ERP will effectively streamlining and integrating customer service, design, sampling, merchandising, production, distribution and financial processes and optimally utilise resources across the enterprise, to help it deliver products faster, better and cheaper.
Tirupur is the second largest textile hub with a cluster of apparel manufacturers exporting more than 2 billion dollars worth of merchandise to Europe and the US markets.
The city is a leading source of hoisery knitted garments, casual wear and sportswear, and besides generating a majority of foreign exchange due to its exports, also accounts for 90 per cent of India's cotton knitwear export.
The textile and apparel industry contributes 14 per cent of the total industrial production in the country, and 56 per cent of India's total knitwear exports come from Tirupur. The total apparel market in India currently stands at Rs 400 crore, while the global apparel and textile market stands at 4,500 billion dollars.
"The Indian soft goods industry is the largest growing export market to the US and Europe and Tirupur, a large cluster of future-oriented apparel companies, can be seen as a knitwear leader through the strategic use of IT, which is a source of competitive advantage and can help tap new opportunities," TEA President A Sakthivel said.
The global soft goods industry is currently worth 1.2 trillion dollars.
RTL, which currently sells its products in China, Hongkong, Singapore and India, is in the process of setting up base in London, in the next 2 months, offers pre-packaged products, custom solutions, consulting services and offshore development facilities for the retail, apparel, textile, home furnishings, footwear and leather accessories and allied industries.
Courtesy : The Hindu
Huge order for.... Kovai - Sri Krishna Sweets
For Sri Krishna Sweets, known for its Mysurpa, it was a sweet surprise when Bharat Heavy Electricals Limited placed an order recently for 17,500 kg (two truck loads) of Mysurpa to be delivered in a week. This was the largest order that Sri Krishna Sweets has had from an individual customer. "Even we did not expect. It just happened," says M. Krishnan, its Chairman and Managing Director. The Mysurpa were made and packed in half kg and 1 kg boxes with the BHEL logo in just 72 hours. The orders were for the Golden Jubilee celebrations of BHEL. A production team, with 30 people, and the 60-member packing team worked over 48 hours to complete the job on time. "This went on along with our regular production," he adds. "It is essential that we had adequate infrastructure to cater to such orders and maintain quality." Sri Krishna Sweets has about 50 branches, including one in Dubai, and makes over 250 varieties of sweets.
Wednesday, September 06, 2006
Shriram properties enters Coimbatore
Shriram Properties, a leading construction firm, is setting up residential properties in 8.15 acres of land in the city.
To be built at an estimated investment of Rs.120 crore, the project `Shriram Vijaya Hyyde Park,' would be completed by 2008, housing 32 villas and 272 apartments, M Murali, Managing Director of the company, told reporters here yesterday.
The company, part of $ 4.2 billion Shriram Group, "has a dominant presence" in South India, with delivered built up space of over four million Sq.ft and has under implementation of about 14 million sq.ft, including over 5.30 million sq ft in association with Sun Appollo in Chennai, he said.
It also had plans to build a shopping mall of international standard, with an estimated investment of Rs.150 crore, he said.
The company, which has its future plans to set up IT park in Coimbatore, was in dialogue with leading IT companies for setting up their units, he said
Courtesy : The Hindu
To be built at an estimated investment of Rs.120 crore, the project `Shriram Vijaya Hyyde Park,' would be completed by 2008, housing 32 villas and 272 apartments, M Murali, Managing Director of the company, told reporters here yesterday.
The company, part of $ 4.2 billion Shriram Group, "has a dominant presence" in South India, with delivered built up space of over four million Sq.ft and has under implementation of about 14 million sq.ft, including over 5.30 million sq ft in association with Sun Appollo in Chennai, he said.
It also had plans to build a shopping mall of international standard, with an estimated investment of Rs.150 crore, he said.
The company, which has its future plans to set up IT park in Coimbatore, was in dialogue with leading IT companies for setting up their units, he said
Courtesy : The Hindu
Tuesday, September 05, 2006
Study reveals Coimbatore is the best city to invest in ...
When it comes to choosing the city you would like to live and work in, it seems you can't have it all. For if Surat promises great money and investment, it's not the best for living in.
Then there's Kolkata that ranks quite high as a city to live in but loses out on making money or investments.
Detailed analysis of the top 10 cities of the country for earning, investing and residing are revealed in a study, The City Skyline of India 2006, published by Indicus Analytics.
The study is based on official statistics and online surveys conducted by Indicus. The survey yields interesting information on what you can expect from various cities.
Surat, having among the highest per capita small business credit, is ranked as a top destination for those seeking employment and doing business. However, it is at the bottom in the list of Alpha cities (the top 10) in terms of good living.
It has the lowest share of households in the top socio-economic category among the Alpha cities. One-third of its households fall in SEC C.
Bangalore ranks first as a city to reside in and second-best to earn money while it makes for a mediocre destination for investment, ranking sixth.
Coimbatore is the best city to invest in but ranks fifth on the earning and good living front. Pune does well on all three counts of earning, investing and residing indices.
It also has one of the lowest unemployment rates in this group of cities and per capita income comparable to the highest in the group. The metros, interestingly, are not the best performers.
Chennai comes tops as a place to invest in and live in. Citizens are satisfied with the educational infrastructure, low crime rate and city infrastructure, but the high unemployment rate, at 27% is a deterrent.
Mumbai figures below average for earning money and just average for investing in. However, flooding notwithstanding, it ranks second-best as a city to live in.
Delhi stands out as the city with the worst power scenario, with only Pune suffering more power cuts. And the 2000s are pointing towards Surat and Coimbatore.
Both have strong economies, good governance, are located between other major centres and are well-connected.
But by their example they've shown how the government and citizens can together turn adversity into an advantage and bring about revolutionary changes in short spans of time.
Courtesy : Times Of India
Then there's Kolkata that ranks quite high as a city to live in but loses out on making money or investments.
Detailed analysis of the top 10 cities of the country for earning, investing and residing are revealed in a study, The City Skyline of India 2006, published by Indicus Analytics.
The study is based on official statistics and online surveys conducted by Indicus. The survey yields interesting information on what you can expect from various cities.
Surat, having among the highest per capita small business credit, is ranked as a top destination for those seeking employment and doing business. However, it is at the bottom in the list of Alpha cities (the top 10) in terms of good living.
It has the lowest share of households in the top socio-economic category among the Alpha cities. One-third of its households fall in SEC C.
Bangalore ranks first as a city to reside in and second-best to earn money while it makes for a mediocre destination for investment, ranking sixth.
Coimbatore is the best city to invest in but ranks fifth on the earning and good living front. Pune does well on all three counts of earning, investing and residing indices.
It also has one of the lowest unemployment rates in this group of cities and per capita income comparable to the highest in the group. The metros, interestingly, are not the best performers.
Chennai comes tops as a place to invest in and live in. Citizens are satisfied with the educational infrastructure, low crime rate and city infrastructure, but the high unemployment rate, at 27% is a deterrent.
Mumbai figures below average for earning money and just average for investing in. However, flooding notwithstanding, it ranks second-best as a city to live in.
Delhi stands out as the city with the worst power scenario, with only Pune suffering more power cuts. And the 2000s are pointing towards Surat and Coimbatore.
Both have strong economies, good governance, are located between other major centres and are well-connected.
But by their example they've shown how the government and citizens can together turn adversity into an advantage and bring about revolutionary changes in short spans of time.
Courtesy : Times Of India
Friday, September 01, 2006
Coimbatore Corporation is serious about parking problem
Even as Chennai was awaiting with bated breath the Supreme Court's verdict on demolition of three floors of The Chennai Silks, the Coimbatore Corporation sent a stern message, by rejecting a building plan, that things might no longer be easy for high-rise structures in the city.
Commissioner P. Muthuveeran tossed back a plan for a multistoreyed shopping complex at Ramnagar, pointing out inadequate parking space compared to the number of shops planned.
Chaos
He said the parking space marked on the plan would be just about enough for the vehicles of the shop owners and staff. Visitors' vehicles would have to be parked on the road and this would add to the chaos on Cross Cut Road. The proposed building is to come up on a site about 200 feet from this road.
The bylane is narrow and will not provide huge parking space. This will only lead to vehicles jostling for space once again on Cross Cut Road, which has very few complexes with parking lots.
By rejecting the plan, the Corporation has indicated clearly that it is seized of the parking space problem in the commercial hubs and that the root cause is building rule violation in almost all multistoreyed structures.
Existing structures
Yet questions remain over action against existing structures though the civic body may be bringing the plans for proposed structures under the scanner.
Two multistoreyed commercial complexes belonging to a single establishment, close to Cross Cut Road, continue to flourish, capitalising on such violations. One of the buildings has two basement shopping areas, while not an inch of parking space has been provided.
Shoppers to both structures slug it out for parking space on either the bylane or Cross Cut Road.
A year ago, the Department of Fire and Rescue Services mentioned the structure with basement shops in its report to the district administration on buildings that compromised on public safety. It warned that a fire or stampede could leave thousands dead.
Safety
"There is no point scrutinising the building plan alone. Check the completed building for violation or unauthorised construction and demolish such structures if they are public buildings and safety is compromised," says the secretary of the Coimbatore Consumer Cause, K. Kathirmathiyon.
Even as the Corporation plans multitier parking lots, frayed tempers among vehicle users on Cross Cut Road, D.B. Road and Oppanakara Street only point the finger at tall buildings that have brought about an enormous problem on the streets.
Courtesy : The Hindu
Commissioner P. Muthuveeran tossed back a plan for a multistoreyed shopping complex at Ramnagar, pointing out inadequate parking space compared to the number of shops planned.
Chaos
He said the parking space marked on the plan would be just about enough for the vehicles of the shop owners and staff. Visitors' vehicles would have to be parked on the road and this would add to the chaos on Cross Cut Road. The proposed building is to come up on a site about 200 feet from this road.
The bylane is narrow and will not provide huge parking space. This will only lead to vehicles jostling for space once again on Cross Cut Road, which has very few complexes with parking lots.
By rejecting the plan, the Corporation has indicated clearly that it is seized of the parking space problem in the commercial hubs and that the root cause is building rule violation in almost all multistoreyed structures.
Existing structures
Yet questions remain over action against existing structures though the civic body may be bringing the plans for proposed structures under the scanner.
Two multistoreyed commercial complexes belonging to a single establishment, close to Cross Cut Road, continue to flourish, capitalising on such violations. One of the buildings has two basement shopping areas, while not an inch of parking space has been provided.
Shoppers to both structures slug it out for parking space on either the bylane or Cross Cut Road.
A year ago, the Department of Fire and Rescue Services mentioned the structure with basement shops in its report to the district administration on buildings that compromised on public safety. It warned that a fire or stampede could leave thousands dead.
Safety
"There is no point scrutinising the building plan alone. Check the completed building for violation or unauthorised construction and demolish such structures if they are public buildings and safety is compromised," says the secretary of the Coimbatore Consumer Cause, K. Kathirmathiyon.
Even as the Corporation plans multitier parking lots, frayed tempers among vehicle users on Cross Cut Road, D.B. Road and Oppanakara Street only point the finger at tall buildings that have brought about an enormous problem on the streets.
Courtesy : The Hindu
Wednesday, August 30, 2006
Coimbatore Kid clears Microsoft Certification @ record age of <9
click here for the post in thamizh
At the age of eight years and eleven months, Armaan Varadaraj, a Standard IV student of G.D. Matriculation Higher Secondary School here, passed the Microsoft Certified Professional course, making him one of the youngest to do so.
"My father taught me computers," says Armaan, who uses a Mac desktop machine at home to create websites, play interactive games he has loaded on his own, use search engines, surf the Net and take photos using the built-in camera.
Cricket and tennis are his favourite games and history, his preferred subject in school. He plays the violin too. During free time he reads adventure stories, plays with his Labradors — Hastings and Watson — and watches detective films based on books by Agatha Christie.
He is now preparing for examinations to obtain the Microsoft Certified Systems Engineer (MCSE) qualification. His earlier course taught him about computer networks and troubleshooting to rectify errors.
Before obtaining his MCP certification, he did online tests, choosing the best option from among several choices. Some tests required him to "drag and drop" the correct elements and others to understand and follow the instructions on the screen.
He attended computer classes after school to become familiar with the concepts and practised at home using special software.
"He teaches us about computers," says his mother Kavitha Varadaraj. Armaan's father Sridhar Varadaraj is involved in the textile testing machinery industry. His sister Diya Varadaraj is a Standard VI student.
Courtesy : The Hindu
click here for the post in thamizh
At the age of eight years and eleven months, Armaan Varadaraj, a Standard IV student of G.D. Matriculation Higher Secondary School here, passed the Microsoft Certified Professional course, making him one of the youngest to do so.
"My father taught me computers," says Armaan, who uses a Mac desktop machine at home to create websites, play interactive games he has loaded on his own, use search engines, surf the Net and take photos using the built-in camera.
Cricket and tennis are his favourite games and history, his preferred subject in school. He plays the violin too. During free time he reads adventure stories, plays with his Labradors — Hastings and Watson — and watches detective films based on books by Agatha Christie.
He is now preparing for examinations to obtain the Microsoft Certified Systems Engineer (MCSE) qualification. His earlier course taught him about computer networks and troubleshooting to rectify errors.
Before obtaining his MCP certification, he did online tests, choosing the best option from among several choices. Some tests required him to "drag and drop" the correct elements and others to understand and follow the instructions on the screen.
He attended computer classes after school to become familiar with the concepts and practised at home using special software.
"He teaches us about computers," says his mother Kavitha Varadaraj. Armaan's father Sridhar Varadaraj is involved in the textile testing machinery industry. His sister Diya Varadaraj is a Standard VI student.
Courtesy : The Hindu
click here for the post in thamizh
Monday, August 28, 2006
SilkAir may start Coimbatore operations by '08
Buoyed by growing passenger traffic and aircraft movement at Coimbatore airport, SilkAir, a subsidiary of Singapore Airlines, plans to introduce its services here.
"Considering the huge outflow of passengers from this region to nations like China and Singapore for textile-related business activities, SilkAir may soon operate from the Coimbatore airport," Sanjay Cherian, passenger sales officer, Singapore Airlines, said here.
Although he remained non-committal on the timeline for the start of operations, sources say it is likely to happen by 2008.
During January-April 2006, tourist arrivals from India to Malaysia stood at 75,740, registering an 18% increase over arrivals during the corresponding period, a year ago. Of the 2.25 lakh Indian tourists who visited Malaysia in 2005, 37% were from non-metro cities, with the highest number of travellers being from Coimbatore., Joseph K Jose, marketing manager, Malaysia Tourism Promotion Board, said.
Passenger traffic to Southeast countries Asian like China and Singapore is also gaining momentum, especially in the post quota regime, i.e. after January 2005, for importing textile machinery and placing orders for spindles, he added.
“SilkAir did a feasibility study a few months ago on operating its flights out of Coimbatore airport. We got positive results but the plans were put on the back-burner due to infrastructural hurdles such as inadequate parking bays at the airport. Now that the upgradation work is going on, we are ready to start our operations from Coimbatore,” Cherian said.
At present, SilkAir flies to Cochin International Airport (Nedumbassery) and Thiruvananthapuram International Airport. It may either take the 'via' route (Cochin or Trivandrum - Coimbatore - Singapore) or operate directly from Coimbatore.
Courtesy : Business Standard
"Considering the huge outflow of passengers from this region to nations like China and Singapore for textile-related business activities, SilkAir may soon operate from the Coimbatore airport," Sanjay Cherian, passenger sales officer, Singapore Airlines, said here.
Although he remained non-committal on the timeline for the start of operations, sources say it is likely to happen by 2008.
During January-April 2006, tourist arrivals from India to Malaysia stood at 75,740, registering an 18% increase over arrivals during the corresponding period, a year ago. Of the 2.25 lakh Indian tourists who visited Malaysia in 2005, 37% were from non-metro cities, with the highest number of travellers being from Coimbatore., Joseph K Jose, marketing manager, Malaysia Tourism Promotion Board, said.
Passenger traffic to Southeast countries Asian like China and Singapore is also gaining momentum, especially in the post quota regime, i.e. after January 2005, for importing textile machinery and placing orders for spindles, he added.
“SilkAir did a feasibility study a few months ago on operating its flights out of Coimbatore airport. We got positive results but the plans were put on the back-burner due to infrastructural hurdles such as inadequate parking bays at the airport. Now that the upgradation work is going on, we are ready to start our operations from Coimbatore,” Cherian said.
At present, SilkAir flies to Cochin International Airport (Nedumbassery) and Thiruvananthapuram International Airport. It may either take the 'via' route (Cochin or Trivandrum - Coimbatore - Singapore) or operate directly from Coimbatore.
Courtesy : Business Standard
Friday, August 25, 2006
Coimbatore online @ Deccan Chronicle
The Deccan Chronicle board has approved an FII investment of up to about 14% of paid up capital. The company will invest about Rs 20 crore to start off in Mangalore and Dharwad editions.
PK Iyer, Executive Director of Deccan Chronicle Holdings says that the Mangalore and Dharwad editions will start, after Bangalore goes online.
He adds that they are getting Kochi and Coimbatore online first, while Kochi, Coimbatore and Bangalore will go online this fiscal. Mangalore and Dharwad may go online eight months after that.
Excerpts from CNBC-TV18's exclusive interview with PK Iyer:
Q: Could you walk us through the kind of timeline that you have laid for these two edtions to come on board?
A: The timeline for Mangalore and Dharwad would be after Bangalore goes online, but more importantly after we have got our ABC, Audit Bureau Circulation, certificate for Chennai.
We are getting Kochi and Coimbatore online first. Kochi, Coimbatore and Bangalore would go online this fiscal, and Mangalore and Dharwad would then go online after that, maybe eight months after that.
Q: So on the first or second quarter of ’07 or rather ’08 can we can these two editions coming up?
A: Mangalore and Dharwad would become supplementary to Bangalore like Kochi and Coimbatore are now becoming supplementary to Chennai.
Q: What are the capacities of both these Mangalore and Dharwad facilities that you are setting up, in terms of copies per day?
A: The capacity in this business is an aberration because the press prints only for two hours, but it is sufficient to handle the growth in leadership for five years. So there is enough capacity to print, it is not an issue.
Q: On the acquisitions front, has diligence started?
A: Yes, we have appointed KPMG formally to submit us a report. We have been working on this for about eight months. Last year, we did two of them. One was Odyssey and the other was Asian Age.
Asian Age gave us great content and Odyssey is also getting listed probably .
So this time we have put KPMG to look at it. We are looking at the print space. We are also looking at some outdoor solutions because we believe integrated media is now a reality.
With about close to 80% market share in Hyderabad and a growing market in Chennai, we are looking at the hoarding space and we are looking at some print space as well in the south.
Courtesy : Money Control
PK Iyer, Executive Director of Deccan Chronicle Holdings says that the Mangalore and Dharwad editions will start, after Bangalore goes online.
He adds that they are getting Kochi and Coimbatore online first, while Kochi, Coimbatore and Bangalore will go online this fiscal. Mangalore and Dharwad may go online eight months after that.
Excerpts from CNBC-TV18's exclusive interview with PK Iyer:
Q: Could you walk us through the kind of timeline that you have laid for these two edtions to come on board?
A: The timeline for Mangalore and Dharwad would be after Bangalore goes online, but more importantly after we have got our ABC, Audit Bureau Circulation, certificate for Chennai.
We are getting Kochi and Coimbatore online first. Kochi, Coimbatore and Bangalore would go online this fiscal, and Mangalore and Dharwad would then go online after that, maybe eight months after that.
Q: So on the first or second quarter of ’07 or rather ’08 can we can these two editions coming up?
A: Mangalore and Dharwad would become supplementary to Bangalore like Kochi and Coimbatore are now becoming supplementary to Chennai.
Q: What are the capacities of both these Mangalore and Dharwad facilities that you are setting up, in terms of copies per day?
A: The capacity in this business is an aberration because the press prints only for two hours, but it is sufficient to handle the growth in leadership for five years. So there is enough capacity to print, it is not an issue.
Q: On the acquisitions front, has diligence started?
A: Yes, we have appointed KPMG formally to submit us a report. We have been working on this for about eight months. Last year, we did two of them. One was Odyssey and the other was Asian Age.
Asian Age gave us great content and Odyssey is also getting listed probably .
So this time we have put KPMG to look at it. We are looking at the print space. We are also looking at some outdoor solutions because we believe integrated media is now a reality.
With about close to 80% market share in Hyderabad and a growing market in Chennai, we are looking at the hoarding space and we are looking at some print space as well in the south.
Courtesy : Money Control
Thursday, August 24, 2006
More domestic air connectivity from Coimbatore airport
The Coimbatore Airport is all set to witness entry of two more domestic airliners within a month to operate services on the Coimbatore-Pondicherry and Coimbatore-Ahmedabad sectors. In the next phase, one of the airlines is planning to fly to Kochi and Agatti (Lakshadweep). An airline has plans for a connecting flight to Tirupati.
At present, there are five airlines - Go Air, Jet Airways, Indian, Paramount and Air Deccan - operating services to Chennai, Bangalore, Hyderabad, Kozhikode, Mumbai and New Delhi. There are 17 aircraft movements a day (one movement includes both landing and take-off). Indian is also operating three services a week from Chennai to Sharjah via Coimbatore and Kochi.
Air Sahara has temporarily suspended its service to Hyderabad. In addition, SriLankan Airlines is operating a cargo freighter with 14 movements a week to Colombo.
The entry of low cost-no frill airlines has increased both the number flights and passenger traffic to and from Coimbatore considerably.
Airport Authority of India sources indicated that Jagson Airlines has expressed interest to operate a morning service on the Pondicherry-Coimbatore-Pondicherry sector.
The airliner is planning to deploy an 18-seater Dornier aircraft on this sector. The same airline will offer a connecting service to Tirupati from Pondicherry. Jagson has plans to operate services from Coimbatore to Kochi and Agatti in Lakshadweep in the next phase.
Similarly, Kingfisher Airlines had planned a service from Coimbatore to Ahmedabad from August 15. It is likely to begin some time in September, the sources say.
An international airline has already visited the airport to have a feel of the facilities here for starting operations to South East Asian destinations from Coimbatore.
The Airport Director (in charge), R.S. D'cruz confirmed that the two domestic airliners have given expression of interest. The airlines were complying with the procedural formalities and the services would start after a formal clearance from AAI authorities, he says.
The airport is fully equipped in terms of infrastructure and logistics to handle the growth in traffic.
Courtesy : The Hindu
At present, there are five airlines - Go Air, Jet Airways, Indian, Paramount and Air Deccan - operating services to Chennai, Bangalore, Hyderabad, Kozhikode, Mumbai and New Delhi. There are 17 aircraft movements a day (one movement includes both landing and take-off). Indian is also operating three services a week from Chennai to Sharjah via Coimbatore and Kochi.
Air Sahara has temporarily suspended its service to Hyderabad. In addition, SriLankan Airlines is operating a cargo freighter with 14 movements a week to Colombo.
The entry of low cost-no frill airlines has increased both the number flights and passenger traffic to and from Coimbatore considerably.
Airport Authority of India sources indicated that Jagson Airlines has expressed interest to operate a morning service on the Pondicherry-Coimbatore-Pondicherry sector.
The airliner is planning to deploy an 18-seater Dornier aircraft on this sector. The same airline will offer a connecting service to Tirupati from Pondicherry. Jagson has plans to operate services from Coimbatore to Kochi and Agatti in Lakshadweep in the next phase.
Similarly, Kingfisher Airlines had planned a service from Coimbatore to Ahmedabad from August 15. It is likely to begin some time in September, the sources say.
An international airline has already visited the airport to have a feel of the facilities here for starting operations to South East Asian destinations from Coimbatore.
The Airport Director (in charge), R.S. D'cruz confirmed that the two domestic airliners have given expression of interest. The airlines were complying with the procedural formalities and the services would start after a formal clearance from AAI authorities, he says.
The airport is fully equipped in terms of infrastructure and logistics to handle the growth in traffic.
Courtesy : The Hindu
Subscribe to:
Posts (Atom)
