Chennai news and discussion

Discussion in 'Politics & Society' started by plugwater, Jul 9, 2010.

  1. plugwater

    plugwater Elite Member Elite Member

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    CHENNAI, India—This Indian port city, built around a former British fort, in many ways resembles Detroit circa 1910.

    The metropolis of about five million people is booming as scores of international car makers and suppliers have set up shop. Ford Motor Co., Hyundai Motor Co, Nissan Motor Co., Renault SA, Daimler AG and BMW AG all have converged here.

    They are spending billions of dollars to make Chennai one of the world's biggest hubs of small cars for export as well as for increasingly affluent Indians. Soon, the city will turn out close to 1.5 million vehicles a year, more than any one U.S. state made last year.

    Car-parts suppliers also are placing big bets on the city, formerly known as Madras. Tire company Michelin SA and window maker Saint-Gobain SA, both of France, are setting up some of their biggest factories globally in Chennai. Germany's Daimler, meantime, is building a multimillion-dollar test track.

    All the investment has generated jobs for more than 200,000 people and accounts for 12% of the economic output of the state of Tamil Nadu.

    The kind of manufacturing being done in Chennai is what India needs to bridge the gap between its agricultural work force, which makes up 60% of its population, and high-end services industries, such as outsourcing, that employ relatively few.

    Unlike China, India hasn't been able to attract as many foreign investors to set up factories because of bureaucratic barriers and volatile politics. But Chennai's boom is a sign that India can create a productive environment when economic circumstances are right and demand is there. India's economy is expected to grow 9% this year and Tamil Nadu has worked to minimize barriers to investment.

    Hyundai has invested $2 billion here, and recently expanded to be able to produce 650,000 cars a year. It is not only cheap factory-floor labor that attracted the South Korean company, but also an abundance of low-wage engineers to program the robots that help churn out vehicles.

    On the other side of town, Ford has invested close to $1 billion, deploying production-line technology it doesn't even use in the U.S., including car-painting robots and a deep-water testing pool to ensure cars won't leak during monsoon floods.

    Michael Boneham, the Chennai-based managing director of Ford's India operations, said the educated labor, a consistent industrial policy, access to a port and government financial incentives all played a role in luring the U.S. car maker to the city.

    "India is now on the radar as one of the two most important markets for Ford strategically world-wide," the other being China, Mr. Boneham said.

    Ford, among the first foreign firms here, recently announced its best-ever quarter in India: Sales more than tripled in the second quarter compared to a year earlier to 22,858 vehicles thanks to its recently expanded Chennai facilities.

    The state of Tamil Nadu has been better than most Indian jurisdictions at providing the land, roads and electricity that the car industry needs. It also set up a single office for them to obtain the dozens of government approvals and licenses required to start or expand a business.

    Big projects in India too often run into problems when local governments change parties. But when the state government was taken over by the DMK from the AIADMK in 2006, auto executives said they noticed no change in how they were treated.

    The influx of foreigners and foreign money is altering this historic city. In the largely vegetarian region there is little meat for sale. But the Seoul Restaurant is packed with Korean families grilling beef at their tables.

    The student population at the Chennai American School has quadrupled to close to 800 as new pupils have arrived from the U.S., Japan, Europe and Korea. A sprawling amusement park across the street from the Hyundai factory, a French bakery, evangelical Korean churches and Japanese grocery stores have popped up in recent years.

    "The city has really changed," said R. Sethuraman, the Chennai-based senior vice president of finance and corporate affairs at Hyundai's India unit. "We used to only have South Indian food."

    New malls and apartments are being built to serve the growing middle class of auto workers. The state's technical institutes, known for producing computer programmers and engineers, are switching focus to skills useful at car companies.

    The growth of the car industry hasn't been without problems. Hyundai unions have staged several strikes to demand better treatment of workers, traffic has become more congested and rents in some of the best neighborhoods are now out of reach of the average Indian.

    But Chennai's production capacity is set to rise even further. Japan's Nissan just started making cars here in May after investing close to $1 billion, and it plans to ramp up to more than 400,000 cars a year. Its Indian-made subcompact, the Micra, will hit global roads in October.

    http://online.wsj.com/article/SB100...4111704575355203430910736&articleTabs=article
     
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  3. Phenom

    Phenom Regular Member

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    Unfortunately Hyundai is facing some serious labour problems, hope that doesn't affect future investment.
     
  4. markettips1

    markettips1 Guest

    A New Detroit Rises in India's South

    All the investment has generated jobs for more than 200,000 people and accounts for 12% of the economic output of the state of Tamil Nadu.

    The kind of manufacturing being done in Chennai is what India needs to bridge the gap between its agricultural work force, which makes up 60% of its population, and high-end services industries, such as outsourcing, that employ relatively few.
    Unlike China, India hasn't been able to attract as many foreign investors to set up factories because of bureaucratic barriers and volatile politics. But Chennai's boom is a sign that India can create a productive environment when economic circumstances are right and demand is there. India's economy is expected to grow 9% this year and Tamil Nadu has worked to minimize barriers to investment.
     
  5. plugwater

    plugwater Elite Member Elite Member

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    Chennai, hub of auto majors

    July 30: Polished to a gleaming finish by robots, three cars roll out every minute at the manufacturing plants of the top guns of the automobile industry, who have set shop on the city’s outskirts. Coming in at a close second are the commercial vehicles, that are churned out at a speed of one every 75 seconds.

    With land at throwaway prices and cheap electricity, Chennai has attracted names like Ford, Hyundai, BMW, and most recently, Nissan and French brand Renault. The state government’s keen interest in providing a smooth transport corridor for these plants has compelled the global giants to expand operations here.

    As a port city, Chennai has probably given the biggest advantage for the auto giants. During 2008-09 alone, Chennai shipped 146,000 cars to over 100 countries, making it the largest export hub for automobiles and auto components from India.

    The main reason TN has grown as an auto hub is the supportive policy of the state government, that has fostered the growth of the industry for over two decades now, says Rajiv Mitra, head, corporate communications, Hyundai India. “Apart from good infrastructure, the state has also given generous concessions like tax holidays, which has pulled in the big players,” he adds, pointing out how Hyundai has built up a steady market in Chennai.

    Besides the cars, global auto parts majors and tyre companies are also setting up their bases near Chennai. Apart from being home to traditional brands like MRF and Srichakra Tyres, the city has drawn in companies such as Michelin, Apollo Tyres, J K Tyres and ATC to establish their tyre plants here.

    http://www.deccanchronicle.com/chennai/chennai-hub-auto-majors-320
     
  6. MadMax

    MadMax New Member

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    What happened to Old Detroit Pune
     
  7. plugwater

    plugwater Elite Member Elite Member

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    Pune is close second to Chennai in automobile sector. Its good thing that India has two Detroit.
     
  8. plugwater

    plugwater Elite Member Elite Member

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    Mobile companies find the right connection in Chennai

    CHENNAI: They've always been fierce rivals but when it comes to business and industrialisation, the DMK and AIADMK chiefs have let political bickering and sniping take a backseat. DMK's Dayanidhi Maran, then union minister for communications and IT, and AIADMK general secretary J Jayalalithaa appeared to bury the hatchet in 2005 when Maran hard sold the state as a viable destination to mobile phone manufacturers.

    Jayalalithaa was then able to announce that Nokia would be setting up a manufacturing plant in Sriperumbudur, a development that laid the foundation for the growth of electronics manufacturing services (EMS) in the state.

    When Nokia chose Chennai, company president Pekka Ala Pietila said, "Establishing a new factory in India is an important step in the continuous development of our global manufacturing network. We selected Chennai as the location for the factory thanks to the availability of skilled labour, friendly business environment, support from the state government, good logistics connections and overall cost-efficiency."

    A few years into production, Nokia conducted a study and found Chennai to be 11% cheaper than China. Enthused by its success, Nokia went on to establish two more plants between 2007 and 2009. Over the years, the company has invested about Rs 1,350 crore in Chennai, twice its planned investment of Rs 675 crore. Nokia's plant in Chennai is now the world's largest mobile handset manufacturing factory.

    The Finnish company was soon followed by other global EMS players like Motorola, Foxconn, Flextronics and BYD, among others, making Sriperumbudur India's largest electronics cluster.

    At zero customs duty, one would expect all the mobile handsets sold in the country to be those imported from China and Taiwan. "We chose to manufacture phones here rather than import them because of high quality, low cost manpower. People travel about 80km a day to work in our plants and the results are worthy of mention," a Foxconn official said.

    The total investment in the electronics hardware industry is estimated to be Rs 12,000 crore and the sector employs about 40,000 workers. The societal impact has been visible. Nokia started operations with 550 employees in January 2006 and today has over 8,000 employees, 70 % of whom are women. Recruitment for the factory, including candidates from Kancheepuram, commenced in 2005, just before the factory became operational. Today, a person with a higher secondary school education earns Rs 4,400 a month. The perks include free pick-up and drop, snacks and lunch. "These people would have been struggling to earn Rs 3,000 a month, had it not been for the mobile phone manufacturing companies," government officials said.

    Experts believe that there is scope for further growth. "At present, import of electronic components constitutes 80% to 85%. There still exists excellent potential for import substitution to supply to Nokia, Dell, Sanmina and others," said M Velmurugan, vice chairman, guidance bureau, TN industries department. Clearly, Chennai has only touched the tip of the iceberg.

    Mobile companies find the right connection in Chennai - Chennai - City - The Times of India
     
    Last edited: Aug 26, 2010
  9. plugwater

    plugwater Elite Member Elite Member

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    Chennai High: Make local, sell global

    CHENNAI: Among the flashy sports convertibles and jazzy concept cars at the 2003 Frankfurt motor show was a tiny hatchback that didn't get the flashes popping but was still a car to take a second look at. The Atos Prime, known to most of us here as the Santro Xing, was being unveiled for the European market for the first time. The then president of Hyundai Motor India, BVR Subbu was proudly showing off the Made in India' tag that the car carried.

    "Isn't it a matter of pride that India is designing and building cars for the toughest and most quality-conscious markets in Europe?" he said to journalists. The car he was showing off was built in the Hyundai factory at in Irrungattukottai in Sriperumbudur near Chennai.

    Since then, Hyundai has exported one million cars (across the four models of Santro Xing, Accent, i10 and i20) to over 110 countries, apart from supplying the huge domestic demand. Hyundai's success has spurred other car makers to join the export bandwagon.

    Earlier this year, Ford began exporting its first completely-made-in-Chennai compact car, Figo, to South Africa. Next month, the Nissan Micra, a car that used to be made in the UK, will be shipped from here to London. "We'll be sending the same global Micra to London, this time made here in Chennai," a Nissan spokesperson said. Renault, Daimler and other big names in the global automotive space are also set to export cars made in their local factories.

    The real reason why most car manufaturing giants have rolled into Chennai is the presence of high-quality auto component manufacturers. Chennai is home to a third of the country's auto component businesses. "The TVS group, Amalgamations and Rane, among others, are supplying high quality auto components to us and rest of the world," the head of manufacturing of a car company said. Most of these tier-I component makers have won the prestigious Deming Prize, one of the highest awards for quality management in the world, or have received other well-known awards for strict quality control.

    The city's formula for succcess se ems to be innovate-imitate-replicate. First, it innovates and creates the ecosystem that is required to attract global giants. This involves everything from setting up special economic zones to easing procedural norms for main and ancillary industries. Then, it imitates to achieve scale, and finally replicates the model across industry verticals. An example to illustrate this idea is the entry of electronic manufacturing services (EMS) units in the Sriperum-budur belt. Nokia was the first company to set up a large factory in Sriperumbudur, taking advantage of the low costs and high quality labour in the area, and began exporting handsets. Motorola, Flextronics, Foxconn and others followed once they saw the economies of scale that the Finnish company enjoyed.

    Catering to world markets means global manufacturing practices are now the norm. Quality consciousness has percolated small and medium enterprises (SME) units. "Today, the state has among the highest number of SME units in the country, which are making high-quality products," said S Sivagnanam, director, Micro, Small and Medium Enterprises Development Institute.

    Japanese terms such as kaizen continual improvement, heijunka smoother production flow, and poka-yoke preventing mistakes are commonplace on the shop floor now. Such Japanese manufacturing processes are considered effective and companies are embracing them.

    High-end manufacturing is not restricted to the auto industry alone. The leather business too has made its mark. "We are not low cost mass manufacturers. We compete with high fashion leather brands from Italy and other parts of the world," said Ali Ahmed Khan, executive director, Council for Leather Exports, the apex trade body for the leather industry. Tamil Nadu produces about 70% of the country's leather, and acounts for over 50% of the exports of finished leather and leather products such as shoes and garments.

    Judging by the current scenario and future projections, the city is set continue on this path. However, industry has expressed concerns about attracting employable human resources on the back of archaic labour laws as well as the problems of inadequate power.

    The growth of manufacturing has brought more jobs for people too 11.14 lakh people work in 40,703 factories, according to the industries depatrment's guidane bureau. "High quality people and processes makes high quality products. People are our biggest asset," said another head of a company.

    "It is not just high quality that is the differentiator. It is high quality coupled with cost efficiency that determines the success of the city," an auto component manufacturer said.

    http://timesofindia.indiatimes.com/...-global/articleshow/6435166.cms#ixzz0xgkBSAQr
     
  10. plugwater

    plugwater Elite Member Elite Member

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    TN expects investments worth Rs 20,000 crore

    Investments into Tamil Nadu would exceed Rs 20,000 crore in the current calendar year, according to a senior state official from the industries department. The government has received proposals worth Rs 7,000 crore, mainly from automobile companies including South Korea's second largest car marker Kia Automotive.

    “We already crossed last year's investment figure of Rs 12,000 crore, and by the end of the current calendar year, we can easily cross Rs 20,000 crore,” the official said.

    The proposals are mainly in the automobile, electronics and heavy engineering sectors. The official said the state already housed 10 top global auto makers and was now focusing on second tier automobile companies. The proposals which are in the pipeline include Kia Automotive group and a Japanese company the name of which the official refused to disclose.

    The official has confirmed that Kia Motors was talking to the state government for setting up a manufacturing plant. Hyundai Motor Company, which already has a manufacturing unit in the state, holds about 35 per cent stake in Kia Motors.

    Kia Motors is planning to set up a manufacturing unit to produce three lakh vehicles a year, starting from 2012. According to industry experts, to set up a plant of this size would cost around Rs 4,500 crore.

    The official further said that till January 2010, the state government signed 37 projects worth Rs 46,091 crore, which would create employment for over 2.2 lakh people.

    On August 3, the state government has signed three more MoUs worth Rs 13,000 crore. These includes MoU with Indian Oil Corporation to set up a liquefied natural gas (LNG) terminal and an LNG-based power plant, which would attract an investment of around Rs 10,000 crore.

    On the same day, two more MoUs were signed -- one with JK Tyres which plans to set up a greenfield facility at Sriperumbudur with an investment of Rs 1,500 crore and another with Videocon for an LCD plasma TV manufacturing unit with an investment of Rs 1,500 crore.

    Currently, we have projects worth Rs 8,000 crore on hand and the agreements are expected to be signed anytime now. Besides, we expect an additional investment of Rs 7,000 crore with in the next six months, taking the investment number to over Rs 75,000 crore, said the official.

    TN expects investments worth Rs 20,000 crore
     
  11. plugwater

    plugwater Elite Member Elite Member

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    Chennai turns R&D hotspot for global and Indian players

    CHENNAI: Chennai is fast emerging a hub in engineering design, R &D and product development for a number of global players. Companies across sectors- automobile, telecom, infrastructure, wind energy have set up their centres in the city encouraged by the good eco-system, talent pool and growing number of original equipment manufacturers (OEMs).

    Big companies which have their engineering design, R & D and product development centres include: Visteon, Caterpillar, Mahindra & Mahindra, Nissan-Renault, Ashok Leyland, Defiance Technologies (both part of Hinduja group), Vestas, Kone, FLSmidth, Nokia, Ericsson, Flextronics, Alcatel, Tessolve, Sanmina-SCI corporation etc.,

    Top official sources told ET, M& M recently established a "Research Valley" on 145 acres at Maraimalai nagar to undertake design, prototype development and testing of new vehicle models. The Asia's largest facility built on 8 lakh sq feet has come in a shot in the arm for the Government to project Chennai as a major engineering design hub. The valley is part of the Rs 1800 crore greenfield investment chalked out near Chennai by the tractor and multi utility major.

    Further, Defence Ministry's Combat vehicles research & Development establishment (CVR & DE) at Avadi is working overtime to supply a range of frontline hardware to the army. With several projects on hand, it is tasked with design, development, testing of tracked combat vehicles and specialised vehicles.

    Apart from the focus on Arjun main battle tank (MBT) Mark II, it is designing and developing the state of the art futuristic main battle tank (FMBT) to meet the requirements of army, the sources said.

    Visteon India MD, A Viswanathan said Visteon technical and services centre was set up in 1998 with just 10 people. It has grown into a 1.10 lakh sq ft center with 500 engineers plus 250 employees at the knowledge center. They are focused on developing embedded software and hardware engineering.

    He said, the growth in high-end manufacturing in TN has led to many companies setting up their engineering centres for their local and global needs. Some of them have further expanded into R & D engineering and product development. "It is an opportune time for State Government to implement policy measures and incentives to facilitate and support the growth of such activities".

    Nissan Motor India MD & CEO, Mr Kiminobu Tokuyama said besides 2000 people at the car plant, it has 200 engineers at the technology centre focused on design, engineering IT, and business support. He said the proactive industrial policies of Tamil Nadu government have helped the company to quickly establish the facilities.

    Off highway vehicle and earth moving equipment manufacturer, Caterpillar India director- corporate relations, Yolynd C Lobo said its engineering design center (EDC) in Chennai was set up in 2002 with 20 engineers supporting five business units. Currently, it has 1000 engineers supporting 40 Caterpillar business units worldwide requirements in the areas of design, modeling\detailing, virtual validation and manufacturing.

    "We also plan to provide complete solutions to complex engineering problems through improved simulation and visualisation techniques", Lobo said adding availability of talent pool with manufacturing domain expertise, international connectivity and better local governance are some of Chennai's key strengths.

    Mr Bjarne Moltke Hansen, MD & CEO and country head for FLSmidth in India having a engineering design and development centre in Chennai said, "In the past five years we have expanded operations from 4600 sq m space to 33,000 sq mt with world class facilities. We have grown from 800 people to more than 3000 in India of which more than 2000 are in Chennai".

    He said, "Availability of excellent resources in Chennai and lower living costs compared to other metros have made it an attractive place for young well educated people".

    Chennai turns R&D hotspot for global and Indian players - The Economic Times
     
  12. ajtr

    ajtr Veteran Member Veteran Member

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    X-posting

    It will always be a indian woman at the helm of affairs who gonna give right direction to india and beat the carp out of the enemies of india. :)

    Chennai cadet creates history at OTA passing-out parade


    Divya Ajith Kumar, first woman to receive the best cadet prize

    [​IMG]
    memorable day: Chief of Army Staff General V K Singh congratulating Divya Ajith Kumar who won the Sword of Honour, awarded to the best cadet passing-out of Officers Training Academy, St.Thomas Mount, on Saturday. — Photo: K.Pichumani

    A total of 244 cadets, including 63 women, were inducted into the Indian Army on Saturday on completion of their training at the Officers Training Academy (OTA) in St. Thomas Mount here.

    Divya Ajith Kumar of Chennai became the first woman in the history of the Indian Army to receive the coveted ‘Sword of Honour' prize, which is awarded to the best cadet.

    Chief of Army Staff General VK Singh presented the prize to her at the passing-out parade. “It was my dream to enter the Army. I am happy to receive this prize,” she said.

    Addressing the cadets on the occasion, General Singh said the gentlemen and lady officers should be ready to face various challenges and motivate their team wherever they are posted. The 244 cadets would be inducted into various regiments of the Indian Army.

    This passing-out parade will also be memorable for 18 gentlemen cadets from the Afghan National Army and two lady cadets from Lesotho who underwent training at OTA. Speaking to The Hindu after the ceremony, Ahmed Shahpoor Nooristani from the Nuristan province in Afghanistan, said “Back home there isn't enough military training facilities or instructors. This was a golden opportunity for us.” The men from various provinces, including Logar, Ghazi and Kandahar, who are alumni of Afghan Military School, will be heading to Kabul via Delhi on Saturday night to join their army as officers. Fourteen more Afghan cadets are undergoing training in OTA.

    The ceremony concluded with the cadets marching out of the parade ground and a chopper showering petals on them.
     
  13. plugwater

    plugwater Elite Member Elite Member

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    Second-rung auto firms begin to enter India

    Investments into Tamil Nadu would exceed Rs20,000 crore during the present calendar year, an increase of 66 per cent over last year, according to a senior state official from the industry department. The government has received proposals worth Rs7,000 crore, mainly from automobile companies one of which includes South Korea’s second largest car marker Kia Automotive. These proposed investments would help the state government to cross Rs 75,000 crore mark, cumulative.

    "We already crossed last year’s investment figure of Rs12,000 crore and by end of the present calendar year we can easily cross Rs 20,000 crore," said a senior official from the state industry department.

    The proposals in hand are led by automobile, electronics and heavy engineering. The official noted, that the state already houses top 10 global auto makers and now the focus is on second rung automobile companies. Proposals in the pipeline include Kia Automotive Group and a Japanese second rung automobile company, he said, while refusing to disclose the name.

    The official has confirmed Kia Motors, the second-largest carmaker of South Korea, is talking to the state government for setting up a manufacturing plant. It may be noted, Hyundai Motor Company, which already has a manufacturing unit in the state, holds about 35 per cent stake in Kia Motors.

    According to reports, Kia Motors is planning a manufacturing unit to produce 300,000 vehicles a year, starting 2012. According to industry experts, a plant of this size would cost around Rs4,500 crore.

    The official further said, till January 2010 the state had signed 37 projects worth Rs46,091 crore, which would create employment to over 220,000 people.

    On August 3, the state government signed three more MoUs worth Rs13,000 crore. These include MoUs with Indian Oil Corporation for a liquified gas terminal and an LNG-based power plant for an investment of around Rs10,000 crore.

    On the same day, two more MoUs were signed. One with JK Tyres for a greenfield facility at Sriperumbudur for an investment of Rs1,500 crore and another one with Videocon for an LCD Plasma TV manufacturing unit for an investment of Rs1,500 crore.

    Presently, we have projects worth Rs8,000 crore on hand and the agreements are expected to be signed anytime now. Besides, we expect an additional investment of Rs7,000 crore with in the next six months, taking the investment number to over Rs75,000 crore, said the official.

    Second-rung auto firms begin to enter India
     
  14. plugwater

    plugwater Elite Member Elite Member

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    X posting

    Huawei to set up $500m plant

    NEW DELHI: Chinese telecom equipment manufacturer Huawei has tipped the telecom equipment security debate strongly in its favor by deciding to set up a local manufacturing base in Chennai with an investment of $500 million. This will be the first large investment in telecom manufacturing since telecom minister Dayanidhi Maran left office as telecom minister in May 2007.

    Confirming the development, A Sethuraman, executive director, Huawei India, told TOI that this multi-product facility, which is to be constructed across an area of 30,000 sq ft near Sriperumbudur will become operational before the end of December. According to him, the investment will be staggered over the next 5 years.

    Tamil Nadu is often called India's Shenzen after Maran attracted a host of telecom manufacturing investments to the state from 2005 onwards, including Nokia, Ericsson, LG, Sony Ericsson, Motorola, Alcatel Lucent, Nortel and others.
    Huawei already has an R&D centre in India which is its biggest outside China, employing 2,000 people. Its India operations have been drawing overall investments of $150 million/year over the past decade. According to the company, it has a total employee base of 6,000 people of which 95% are Indians, while creating indirect employment for 20,000 additional people through its partner ecosystem.

    Huawei sells equipment in over 100 countries and claims to serve 46 of the world's top 50 telecom operators. Its global turnover in 2009 was $30 billion of which India sales accounted for roughly 7%. Huawei's turnover for 2010 is projected to hit $36 billion, though India failed to generate any significant contracts until just a month ago owing to home ministry fears that Chinese equipment makers were placing malaware and spyware in their equipment. While all foreign telecom equipment orders were practically suspended over these concerns, Chinese firms faced the real threat of an outright ban, despite the fact that most of India's telecom operators already use Chinese equipment.

    On August 3, the ToI had reported that Huawei had turned this threat into a huge opportunity by becoming the first firm to concede to the home ministry's demand to share its source codes with them. Apart from its inherent price advantage, this helped Huawei score heavily against its competitors who refuse to share their source codes.

    Huawei's decision to manufacture locally will give it a further edge as it is aimed at checkmating not only its big European and US competitors but also removing any shadow boxing opportunities for India's security agencies. With local manufacturing and investments, the government will have greater access to Huawei's manufacturing operations but also much less room for taking refuge in conspiracy theories. This will force the Indian government to now take a clear stand on how it will deal with its security risk perceptions relating to Chinese equipment makers.

    "The manufacturing facility will provide a time-to-market advantage to our customers, faster return on investments and future-proofing of technology or removing obsolescence by enabling compatibilities and smoother integration," says Sethuraman.

    Read more: Huawei to set up $500m plant - The Times of India Huawei to set up $500m plant - The Times of India
     
  15. plugwater

    plugwater Elite Member Elite Member

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    Chinese firms look for investment in Tamil Nadu

    Chinese telecom giant Huawei and electronics firm Foxconn have expressed interest in investing in facilities in Tamil Nadu, in meetings this week with a visiting group of officials from the State.

    In discussions in Shanghai on Thursday, representatives from Huawei reaffirmed their commitment to set up a $500-million telecom equipment manufacturing facility near Chennai, officials said. A delegation, led by Deputy Chief Minister M.K. Stalin and Industries Secretary Rajiv Ranjan is, this week, meeting with executives from some of China's biggest infrastructure and telecom companies in Shanghai and Beijing, looking to promote investment.

    In Shanghai, Mr. Stalin on Wednesday launched a new product of Coimbatore-based manufacturing firm Lakshmi Machine Works (LMW), which in September 2009 set up a textile machinery plant in China's southern Jiangsu province, a first for South Indian companies in China.

    In a function, LMW handed over its newly-designed ring frame machines, used in yarn production, to its first three Chinese customers. On Sunday, Mr. Stalin will meet executives of electronics manufacturing firm Foxconn in Beijing, following a two-day stopover in Seoul, South Korea, for an investment promotion drive. Taiwan-based Foxconn employs an estimated 7,000 workers in its plant in Sunguvarchatram, near Chennai, and is one of the biggest industrial employers in Tamil Nadu along with South Korean automobile firm Hyundai. In China, much of the focus of the visit has been on attracting Chinese infrastructure and automobile companies to invest in the State.

    “We are focussing on certain sectors where we have a good ecosystem,” Mr. Ranjan told The Hindu on Thursday. “Automotive is one, and manufacturing is another, where Tamil Nadu is mature. We have been getting a lot of interest from Chinese companies, particularly in automobiles and infrastructure, and we hope to build on that after this short visit.”

    Officials said they would also use this visit as a platform to encourage more firms from Tamil Nadu to look towards China for investment opportunities. LMW's $12-million manufacturing facility near Shanghai is among few examples of Indian companies that have set up manufacturing facilities in China and are directly looking to supply to the Chinese market.

    “As China is one of the world's biggest textile markets, as well as one of the largest industrial bases for ring frames, it made sense for us to come here to set up our first manufacturing plant outside India,” K. Soundhar Rajhan, Chairman of LMW's wholly-owned subsidiary in China, told The Hindu in a recent interview at the company's facility in the Wujiang Economic Development zone, which employs 150 Chinese workers. The company has, so far, faced a challenge to penetrate the Chinese market, facing competition from a number of European firms already established here. But Mr. Soundhar Rajhan said with an increasing focus on high technology with rising labour costs in China, many Chinese textile companies had shown interest in their products.

    http://www.thehindu.com/business/article804966.ece
     
  16. plugwater

    plugwater Elite Member Elite Member

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    Stalin's visit accelerates second wave of Korean investment in TN

    White goods manufacturer, Samsung, which has a production facility near Chennai to manufacture television sets, intends to invest a further Rs 250 crore in Tamil Nadu. Its compatriot, Kun Hwa Machinery, has firmed up plans to invest Rs 135 crore in the State. Hyundai, the passenger car biggie, which also has two plants (on one premises) near Chennai, is looking at Tamil Nadu closely for its third unit.

    The second wave of Korean investment into Tamil Nadu appears to have been touched off. This is the impression with which a high-level Tamil Nadu delegation, headed by the State's Deputy Chief Minister, Mr M.K. Stalin, returned home on Tuesday after a ten-day tour of Korea (and China).

    Tamil Nadu's Industries Secretary, Mr Rajeev Ranjan, told Business Line today that the seminar in Seoul organised by the State, attracted a lot of attention, as it was attended by over 400 delegates.

    Importantly, the level of interest in the State was very high, as was evident by the questions that were put forth to the visitors. “They know what is happening here. They came to the seminar well prepared,” Mr Ranjan said.

    Mr Stalin had several high level meetings, the most important of which was perhaps the one he had with the Vice-Chairman of the Hyundai Group, Mr Eui Sung Chung. ‘He flew in from Paris” for the meeting, Mr Ranjan said.

    The meeting has some significance because Hyundai India would very soon need to take a decision on where to locate its next plant. The company has two units in one complex at Sriperumbudur near Chennai. The two units have a combined capacity of 6,00,000 cars a year. Hyundai' sales (domestic plus exports) will soon hit this capacity.

    Company officials say that the capacity can be expanded by about 70,000 cars, but not more. For further capacity, Hyundai would need to start investing right now, especially because further capacity creation would have to be on a greenfield, there being no further room at Sriperumbudur.

    Hyundai has had some issues with labour and was once looking at Andhra Pradesh for locating its third unit.

    It is not clear as to what transpired on this subject in the meeting that Mr Stalin had with Mr Chung, but Mr Ranjan says that the Tamil Nadu Government is keen on retaining Hyundai in the State. He had previously said that the Government could offer sites at Cheyyar, not very far from Sriperumbudur.

    LG, Lotte

    In addition to these companies, the other Korean white goods major, LG, is also keen on investing in the State. LG was also looking at the Sri City industrial estate in Andhra Pradesh, just across the AP-Tamil Nadu border, some 40 km north of Chennai, for locating a manufacturing facility. However, Tamil Nadu Government officials are confident that they would be able to pull LG in. While Mr Ranjan only says “let us see”, officials in the Industries Department invited this correspondent to “take a bet” that LG would choose Tamil Nadu.

    Lotte is another Korean conglomerate — this company has a confectionary business in Chennai, which it bought from the Murugappa group a few years back. Now, Lotte is keen on getting into other areas as well. ‘Hospitality' and ‘convenience stores' have been mentioned in this context.

    China visit

    The delegation led by Mr Stalin also visited Shanghai and Beijing. The delegation met officials of the telecom equipment major, Huawei, which has said it would invest Rs 2,000 crore in the State.

    The delegation found that the other Chinese telecom giant, ZTE, was also keen on setting up shop in Tamil Nadu.

    “We also met officials of Foxconn and Nokia there,” Mr Ranjan said. “They are hoping to add more numbers in India.”

    The Hindu Business Line : Stalin's visit accelerates second wave of Korean investment in TN
     
  17. plugwater

    plugwater Elite Member Elite Member

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    Chennai, India- The Next Decade's Fastest-Growing City

    Formerly known as Madras, this metropolitan area of 7.5 million, up from 4.7 million 20 years ago, is projected by the U.N. to approach 10 million by 2025. Located on India's east Asian coast, the city has so far this year created over 100,000 jobs--more than any other Indian city outside of the much larger Delhi and Mumbai. Chennai's metropolitan area is taking full advantage of India's soaring industrial sector, particularly the booming automobile sector. Electronics, led by Dell, Nokia, Motorola, Samsung, Siemens, Sony and Foxconn, are also booming. Chennai is home to India's second-largest entertainment industry, behind Mumbai.


    In Pictures: The Next Decade's Fastest-Growing Cities - Chennai, India - Forbes.com
     
  18. ajtr

    ajtr Veteran Member Veteran Member

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    Daimler to hike capacity to 70,000 units

    The world's largest truck maker Daimler said it will almost double its production capacity to 70,000 units annually at the upcoming Indian facility, but a final decision in this regard will be taken only after 2014.

    [​IMG]
    The company is investing Rs 4,400 crore through its wholly-owned subsidiary — Daimler India Commercial Vehicles (DICV) — for a new facility at Oragadam in Tamil Nadu, with an installed capacity to produce 36,000 units per annum.

    "The second phase of expansion will be decided only after we attain full capacity utilisation of the first phase. We will decide to expand it to 70,000 units annually during the second phase, which will be after 2014," DICV Vice President (Marketing, Sales & After Sales) V R V Sriprasad said.

    [​IMG]
    The company has planned to introduce a range of trucks in 6-49 tonnes category under a completely new brand for its proposed entry into India's commercial vehicle market in 2012.

    It is expecting to utilise the full capacity of the upcoming plant by 2013, he added.

    When asked if the company will bring in more capital to expand the capacity in addition to the announced amount, Sriprasad said: "Additional investment will be required, but it will be decided later."

    [​IMG]
    He said after the decision for expansion is taken, the additional capacity will be put in place in 18-24 months.

    As part of its plans to launch locally-built commercial vehicles in the Indian market, the German company will roll out its products from 15 platforms, coming from its group firm Mercedes and Mitsubishi Fuso's stable.

    [​IMG]
    Daimler AG holds 85 per cent stake in Japanese auto giant Mitsubishi Fuso Truck and Bus Corporation.

    Globally, Daimler's truck brands include Mercedes-Benz, Freightliner, Fuso, Western Star, and Detroit Diesel.

    DICV, which currently has about 600 people on its rolls, will be hiking its headcount to over 3,000 employees by 2012.
     
  19. anoop_mig25

    anoop_mig25 Senior Member Senior Member

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    sorry mates i do not want to spoil this thread but want to ask simple question that is CM of tamilnadu has penned national song (or say state song) for tamil nadu and if yes why is this men always ready to play north-south divide or in more general to say rest of india v/s tamil nadu .for rest other south state i do not see such passion to oppose north and promote their own culture. it is good to promote own culture but it should not be llike hurting feelings to other(with present CM of tamil nadu it is generally seen).last question what so u think would other state would 2 start to have their national song for their respective state
     
  20. plugwater

    plugwater Elite Member Elite Member

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    I do not have much knowledge but i think central has ignored many things which was very helpful to us in the past . See metro, airport expansion etc in everything we are the last city to have permission and funds to build in all southern states and now we are getting most of the benefits only coz of the constant pressure on central govt . But still i am not supporting the actions of our CM but he is the best we have got. You don't want to select Jaya as your CM even in dreams.
    And karuna is very old he don't have many years to rule, His sons are not like him!!
     
  21. ajtr

    ajtr Veteran Member Veteran Member

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    every state has its patriotic song in local language.If you would have been a KVite you would have known it and sang those in school every Saturday.
     

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