Friday, December 15, 2006

ELCOT looks out for more land

Electronics Corporation of Tamil Nadu (ELCOT) is on the lookout for more land in Coimbatore to further promote the information technology (IT) sector here.

According to its Managing Director, C. Umashankar, the Corporation is ready to acquire even 1,000 to 2,000 acres "since there is so much demand for Coimbatore". But the land should be suitable for IT firms.

The proposal for transfer of 27 acres, which is adjacent to the proposed IT park site (29 acres) on Avinashi Road near the Coimbatore Medical College, from the health department to ELCOT is at an "advanced stage", he says. The land that the Corporation is looking out for is in addition to these sites.

Meanwhile, on the proposed TIDEL Park here, he says sites will be handed over to the respective companies in a couple of weeks. The cleaning up works began on Thursday. ELCOT has appointed an architect to make a layout scientifically, since the park will have facilities such as Customs House. After clearing the site, works will start immediately to lay the approach road, which will be about one km.

The Corporation is on the lookout for large areas since the new projects will be on the "campus model," with facilities such as dwelling units, hospital and school within the campus.

"We want to develop the city in the right manner," he adds. The campus model will provide for the essential needs of the employees in the same area.

It will be a self-contained development.

Source: The Hindu

Special train to Coimbatore

Southern Railway is to run a special train from Chennai Central to Coimbatore to clear the extra rush of passengers.

The special train no 0627 will leave Chennai Central at 10.20 pm on December 15 and reach Coimbatore at 7.15 am the next day.

The composition of the train will be one AC 2-tier, one AC 3-tier, 12 sleeper class, three general second class and two luggage-cum-brake van coaches.

The train will stop at Arakkonam, Katpadi, Jolarpettai, Salem, Erode and Tiruppur.

Advance reservation for the above train will commence on December 15.

Source: The Hindu

Wednesday, December 13, 2006

Eco tourism at Kovai Coutrallam

Here's a good news for entertainment- starved Coimbatoreans. The forest department is busy drawing up ambitious plans for promoting eco tourism at Kovai Coutrallam.

The department of tourism and the district administration have allocated Rs. 30 lakh for promotion of eco tourism activities at Kovai Coutrallam, at the foothills of Siruvani, about 35 km from here. An old proposal for a facelift to Kovai Coutrallam has been revived with a lot of improvements and additions.

The proposal was mooted by the Conservator of Forests, Coimbatore Circle, P.C. Tyagi. It was pursued by the District Collector, Neeraj Mittal, who obtained a financial allocation of Rs. 30 lakh, said the District Forest Officer, I Anwardeen.

With the end of the monsoon season, the works would commence shortly and the spot would be ready to welcome the tourists during the next summer vacation, Mr. Anwardeen assured.

The focus will be on promoting restricted, regulated, and guided tourism at Kovai Coutrallam, he said. An awareness creation centre that would give insight into the rich flora and fauna with both indoor and outdoor exhibits, a trekking shed for limited number of persons are on the cards.

The trekking shed would provide a night stay in the jungles for tourists once a month with a guide. For children, an eco-friendly park would come up.

The railings at the falls are being improved besides de-silting and strengthening the ponds.

A watchtower for protection measures and re-laying of the road from Chinnar check post to the parking lot was also on the cards.

Source: The Hindu

Coimbatore Mayor promises development

Coimbatore Mayor R. Venkatachalam promised before a gathering of representatives of the trade and industry on Tuesday that he and the other elected members of the Coimbatore Corporation would provide a corruption-free civic administration.

Expectations


At a function organised by the Indian Chamber of Commerce and Industry (ICCI), Coimbatore, to felicitate him and Deputy Mayor N. Karthik, the Mayor said he and the other 71 members of the Council were aware of the people's expectations in terms of infrastructure development and a clean city.

"This time, we have got the best opportunity for development," the Mayor pointed out by referring to the funds for schemes that would come from the Central and State Governments under the Jawaharlal Nehru National Urban Renewal Mission.

Teamwork


Mr. Venkatachalam said a good teamwork seemed to evolving in the Corporation and this augured well for the city. Multi-tier parking facilities would be built to decongest roads.

This would be among the many infrastructure projects planned to improve the living conditions in the city. "We are aware that good roads are needed if economic activities have to increase in the city."

Mr. Venkatachalam reached out to the trade and industry saying that the Corporation would invite their suggestions for the city's development.

"We have no ego. Experts in each sector can give good suggestions. We have risen from the grassroots. So, we know the common man's problems," he said.

The Mayor jocularly said that each shawl presented to him and the Deputy Mayor at the function actually seemed like a representation on every problem in the city.

On members of the industry working for clean environs and to protect water bodies, Mr. Venkatachalam observed that these people could have focussed on their business alone. But, their services to people now through various programmes spoke volumes on public involvement in creating a developed city.

Infrastructure


Mr. Karthik pointed out that industries elsewhere were watching Coimbatore closely. They would set up units here only if the infrastructure was good. "We want to turn Coimbatore into a model city, to attract more industries."

"We want to give confidence to the people that the next five years will be good times for the city. All the 72 councillors will work to achieve this," he promised.

The public should also know of the problems the Corporation faced, especially the shortage of conservancy workers that affected garbage collection. "Our efforts now are aimed at overcoming these difficulties and voluntary organisations such as the Residents Awareness Association of Coimbatore provide the right kind of inspiration".

Development


President of the ICCI D. Balasundaram said the industry would co-operate with the Corporation in the process of development.

Its former president A.V. Varadarajan said that Coimbatore needed an international airport and the city's infrastructure should be improved.

Secretary of the chamber R.R. Balasundaram said that funds from the Central scheme should be used only for providing quality infrastructure.

Source: The Hindu

German valve firm to expand coimbatore operations

German valve-maker 'SchuF' will expand its Indian operations in Coimbatore to service the Asian market, SchuF Speciality Valves India Director, R Ramanujan, said here today.

"Going forward, the Indian operations will be scaled up as the parent company is looking at reducing the time-lag in delivering products to global clients," Ramanujan said on the sidelines of a CII conference.

He said the existing factory at Coimbatore works as a machinery unit for SchuF's global clients. "Our parent company will benefit if the machinery and the foundry units are located in the same place," Ramanujan said.

As part of an expansion plan, the foundry unit would also be set up in India. The total domestic demand of all types of valves is estimated to be in excess of Rs 2,700 crore, according to industry sources.

The domestic valve industry, currently on a upward cycle, is witnessing more and more European firms transferring their integral business processes to India.

Companies like Auma India (subsidiary of AUMA Riester GmbH), Uniklinger (joint venture between Klinger AG of Switzerland and Neterwala group) and ARCA India are already established as major players in this sector.

"While China has been ahead on the technology front, India has excelled in areas like customisation, skilled manpower and research and development, which is why you see a growing number of European countries setting up operations in India," Larsen and Toubro Valves Division vice-president, A K Banerjee, said at the CII seminar on the valve industry.

The increasing activity in the manufacturing and infrastructure sectors has generated positive interest from the developed countries to source their products from India.

Source: The Hindu

Tuesday, December 12, 2006

Coimbatore based Mill gets huge investment from Blue River Capital

Blue River Capital, along with partners Brandot Investments and Argonaut Private Equity, has invested Rs 1050 million in Coimbatore-based KPR Mill. KPR Mill is a Rs 4500 million integrated textile and apparel company, which owns spinning, knitting and garment making facilities in the southern city, reports Economic Times.

The deal also marks the foray into India of Martin Trust, one of the best known investors in the textile and apparel space, through his investment company Brandot Investments. The promoters of KPR Mill along with its new investors are now working out the details for the company`s IPO.

KPR will use part of the funds to finance its Rs 5 billion expansion plans. The rest has been raised through a loan under the Technology Upgradation Fund Scheme (TUFS). The company is doubling its spinning capacity from the existing 1,10,000 spindles. It will also set up a new garment making facility in Coimbatore, which is expected to boost its Rs 1.4 billion export business.

``With our expansion plans in place we hope to grow the company to Rs 10 billion in the next two years and exports will constitute Rs 4 billion. We will also set up a processing facility so we can complete the entire value chain in textile and garment manufacturing,`` said P Nataraj, managing director, KPR Mill.

Source: Myiris.com

DEVELOPMENT OF AIRPORTS IN TAMIL NADU

Here is the press release from the Ministry of Civil Aviation about various development activities of Airports across Tamil Nadu.

The Government has plans for the development of the Coimbatore, Madurai and Trichi Airports in Tamil Nadu. This information was given by Shri Praful Patel, Minister for Civil Aviation in the Parliament today.

Various development works like extension of runway, expansion and strengthening of apron have been taken up at Coimbatore airport. There are also proposals for expansion and modification of existing terminal building, construction of a new integrated terminal building complex and expansion of the existing cargo complex at this airport.

At Tiruchirappalli airport, the works relating to extension and strengthening of runway, construction of isolation bay and new fire station and construction of new terminal building with all modern facilities including two aerobridges along with expansion of the apron and link taxiway have been taken.

At Madurai airport, the works relating to extension and strengthening of runway along with expansion of apron, additional link taxiway, isolation bay and associated facilities and installation of ILS have been taken up. There is also a proposal for construction of new integrated terminal building complex with all modern amenities and facilities including installation of two aerobridges at this airport.

The Airports Authority of India (AAI) in consultation with the State Government of Tamil Nadu has drawn out a plan for expansion & modernization of the Chennai Airport. However, further development is dependent upon the State Government acquiring 583 Ha of lands adjacent to the airport and handing over the same to AAI.

Source: Nic.in

Sunday, December 10, 2006

Apartments in Erode — standing tall, growing strong

Apartment culture is catching on in Erode.


THE CHOICE: With land price escalating by the day, there are many takers for flats these days. Flats also give a sense of security.

THE HOUSING construction industry has risen like a phoenix — overcoming a couple of years of mistrust and anti-apartment sentiment among the public.

Flat promoters say the mistrust had to with the bitter experiences a section of the public suffered in the hands of a few apartment builders — accused of dishonest practices and not handing over property in time. However, the public, flat promoters say, have risen above the lumber of the past.

Perception


As for the anti-flat perception, M. Jaganathan of Sree Kumaran Promoters says: "People prefer individual houses to flats — which has more to do with the region being an agricultural area. With this textile town retaining its umbilical cord with agriculture, most of those wanting to invest in houses are in some way or the other, landholders. The pride of owning a land is, they say, not quite there when they go in for a flat. In individual houses, though, the customers enjoy owning a land, plus house."

However, this could be an expensive proposition, say builders, pointing to escalating land cost. "Erode has limited land availability, in the sense, that most of them are agricultural lands, whose owners are reluctant to part with their traditional property and give up agriculture. This leaves flat buyers with little option but to buy land at a premium price and construct a house — shouldering the burden of high land price and a house. In a flat, though, the land cost is slightly lower, as it is shared among the flat occupants," points out K.P. Duraisamy of D.R. Apartments.

A couple of other reasons for people to go in for flats are proximity to their children's education institutions and appreciation of property value.

R. Mohanraj, president, Erode District Civil Engineers Association, says people want to reside close to their child's school or college. This includes those from towns around Erode as well.

"With a good number of education institutions in Erode, particularly on and abutting Perundurai Road, flats are coming up on Teachers' Colony, Thindal stretch of the Perundurai Road," he says adding that those who work in those institutions also prefer to have their houses nearby.

Investment option


There is also another reason for the mushrooming flat culture, promoters say. "Young engineers from Erode who work for a handsome salary in IT companies, look for a safe investment option back home — the first of which is a flat," say Mr. Jaganathan and Mr. Duraisamy. "You can find parents of well-placed engineers buying flats," adds Mr. Mohanraj.

The promoters also point to value appreciation of flats, which for almost all middle class families is the biggest investment in the earning period. "Prior to buying a house, a customer also thinks about the appreciation of flat value, which in Erode's case is happening on Perundurai Road," says Mr. Jaganathan. Says Mr. Duraisamy, a square foot of flat in Thindal costs around Rs. 1,000 as against Rs. 700 a year ago.

Further, as against just two or three enquiries a few years ago, promoters say they get around 10 to 15 a month, and around 70 per cent of them translate into successful deals.

What does the customer say? R. Selvamani, with Tamil Nadu Electricity Board, has a flat on Perundurai Road near Erode. He has rented this out, and stays in a rented apartment at Thindal, where his son's school is.

He says: "It is a safe investment, especially on Perundurai Road. With the flat value appreciating by the year, I might sell it when I require a good sum. Besides, flats are safe to live in and comfortable as well." The future, promoters say, will only be bright as Erode is growing and more companies are setting shop in Perundurai SIPCOT — near Erode. And they add, as land prices escalate, people will turn to flats!

Top brands on display in Coimbatore

If plans are afoot to furnish your home, make a visit to the Padmavati Ammal Culture Centre on Avanashi Road. The Mega Brands Show 2006 is on and the range on display includes furniture, household and kitchen appliances, jewellery, electronic goods and clothes.

The show from Interface Trade Fair is on till December 11 and known names from Coimbatore as well as brands from Mumbai, Chennai and Bangalore are making their presence at the exhibition.

In the 70 stalls at the venue, items ranging from suitcases and sunglasses to jam and squash and compact discs for children are available. Most of the stalls offer a discount of ten to 30 per cent.

Brands like Vivek's and The Trend furniture as well as Mr Butler's, Parry's, Camlin and Eureka have put up stalls here. Electronic goods on display include Sony S30 LCDs and Onkyo's home theatre that is priced at Rs. 38,000.

Music system, laptop, computer, refrigerator, digital camera, solar heater, gas stove and vacuum cleaner are available at special price.

Furniture on sale includes imported, marble-topped dining and coffee tables, wardrobe and crockery shelves as well as leather sofa sets.

Visitors can choose from garden furniture like trendy swings, coffee tables and garden umbrellas made of cast iron, steel and wood. There are also beanbags priced at Rs. 1,500 and sofa-cum-beds priced between Rs. 3,000 and Rs. 10,000.

Fitness equipments like treadmill and cycle, compact discs for children, good luck charms like lucky bamboo and a range of cosmetics are also on display.

Vasantha Memorial Trust has put on show booklets on cancer and also for sale are greeting cards made by school children and handkerchiefs embroidered by volunteers. One-gram gold jewellery, clothes, crayon and watercolour, chapatti makers, suitcases - name them, you might be able to get them here

Source: The Hindu