Monthly Archives: June 2014

Never too Old for business

A block printing workshop at Lad Bazaar. Photo: G. Ramakrishna
A block printing workshop at Lad Bazaar. Photo: G. Ramakrishna

Charminar and its vicinity will soon don a festive look for Ramzan, but regular visitors vouch for colour and mirth in the Old City any time of the year

How early is early depends on which part of Hyderabad you are in. The market areas of the Old City barely are stretching themselves out of slumber around 9 a.m., a time when arterial roads in other parts of the city are choked with vehicles. These areas come alive only after noon. The 9 a.m. to 12 noon window is when one can drive through the area within minutes, or walk along the arched pathways, taking in views normally hidden behind endless street-side stalls peddling all things from quilts to dresses, leather to books, old coins to pearls, Unani medicine to mehndi.

By noon, the areas from Gulzar Houz to Patherghatti and Charminar to Lad Bazaar, leading up to the Chowmohalla Palace teem with people. Navigating this part of the town on a regular day is no less intriguing than during Ramzan, when shops here sparkle even more, selling all things bright and colourful. With a few days for Ramzan, the Old City is gearing up to cater to food lovers who will make multiple visits for their fill of haleem. But as a few vendors point out, there’s no dearth of activity all year round.

Ali Bin Abdullah, who runs a hole-in-the-wall store at Patherghatti stocked with plastic containers, mehndi and other cosmetics, points out, “On a regular day, I begin my work early because I have plenty of stock. It will take me at least an hour to dust and arrange them and by the time the first few customers come in, the display has to be good.” Adjacent to this store, Iqbal is busy wiping the dust off perfume bottles and adds, “The area has become so polluted and it takes time to clean the bottles. We have brisk sales through the year.”

Jewellery boxes, gift pouches, leather articles, trinkets and kaarigars working overtime to embroider garments for special occasions are all what make the market areas of the Old City a much frequented place. Large paper kites adorn the streets near Gulzar Houz during Sankranti and clay diyas are prominent during Deepavali. As for food, there’s never a dearth. Merchants sell seviyan round the year though the stock multiplies during Ramzan; pushcarts sell pieces of ‘junnu’ for Rs. 10 and fresh produce of fruits and vegetables are laid out for eager customers.

A few kilometres ahead, the kova sellers of Shah Ali Banda are gearing up for the festive season with more stock along with the eateries offering haleem. Elsewhere, in the bylanes of Begum Bazaar, traffic threatens to clog the roads every now and then. Plastic wares, aluminium and steel utensils, clay crafts, bangles and household items, the markets in Begum Bazaar make brisk business.

V. Sandhya, a homemaker who lives in Secunderabad, frequents the Old City to pick up pouches for return gifts, costume jewellery and kaarigars who take up custom tailoring. “Ours is a large family and whenever there is a celebration — be it weddings or smaller functions — people count on me to help. These days, you can source gift pouches and bags from General Bazaar and Ameerpet as well but nothing matches the vibrancy of the Old City. The bangles one gets in Lad Bazaar and the Begum Bazaar are unbeatable. My visits to these bazaars are incomplete without a lassi or falooda. I am sure I will visit these pockets with my family during Ramzan for the great food, but nothing stops me even other times of the year,” she says.

Anjum, a homemaker who specialises in making sweets, puts things in perspective, “The Old City symbolises Deccani tehzeeb in every aspect and I consider these areas a reminder of our history.”

source: http://www.thehindu.com / The Hindu / Home> Features> MetroPlus / by Sangeetha Devi Dundoo / Hyderabad – June 24th, 2014

Why academic, gender diversity is imperative in B-schools

BSchoolsTELAN28jun2014

Management institutes look to re-jig the student mix for a holistic perspective

Puja Das talks excitedly about her new role as President of the graduate student board of the Hyderabad-based Indian School of Business. Conversing in the sandstone-coloured wind-swept cavernous atrium of the B-school, her enthusiasm is infectious.

The 26-year-old IIT Bombay graduate, who worked a little over two years in oil exploration company Schlumberger before joining ISB, has her agenda full: add lustre to the ISB brand, reach out to alumni, host national-level competitions… she’s brimming with ideas.

For ISB’s Deputy Dean Savita Mahajan this year has been in some sense one of twin triumphs. The Class of 2015 of the post graduate programme in management has 231 women students constituting 30 per cent of the total class size – the highest number ever since the school’s inception 13 years ago. “From the start of ISB, we had this target of 30 per cent in mind; it’s been steadily going up and this year is a landmark for us,” she explains. And, for the first time, the student’s body has a woman President: Puja Das won after a hard fought election, which saw six women in a field of 14 competing in two rounds of polling.

But, the landmark the Dean refers to isn’t just mere symbolism or a target to be achieved. It’s something that B-schools around the country have been grappling with these past few years: how to increase both academic and gender diversity in business schools. As Dean Mahajan explains, “Diversity of any kind; in educational background, gender, culture, is very useful in the learning process. It brings different skill sets and perspectives in the analysis of a problem situation and its possible solution. Particularly in management education, where the case method is used to illustrate real life situations, usually there is no single ‘right’ answer. Diverse opinions can challenge the mainstream view, and throw up out-of-the-box solutions, thus enhancing the whole group’s learnings and insights.”

As Das herself says of her a little over two-month stint at ISB, “We get to learn a lot from our colleagues, because they come from such diverse backgrounds.”

Importance of diversity

How important then is academic and gender diversity at B schools? Very much, going by what IIM-A Director Ashish Nanda said in an earlier interview to Business Line. “When I came here and met the students in different sections, my question was: How many of you are engineers? But I couldn’t ask the other questions; more than 95 per cent of the students were engineers. In our kind of classrooms, where learning is by discussion, if a teacher is just coming to teach fact and data then academic diversity doesn’t matter so much. But, if you have a class where most of the learning happens in interaction, and the faculty member is a facilitator, then it is important that students come from different points of view and are surprised by what others say and build on those learnings.”

Diversity, says Nanda, comes from different points of view; it comes from intellectual curiosity; gender; different socio-economic and educational backgrounds. “The participants of a classroom at IIM-A would benefit more if this were to happen,” he adds. Nanda, himself a 1983 batch alumnus of IIM-A, recalls that the imbalance was not so acute during his days as a student. And, now as Director of the country’s top B school, Nanda worked along with the admissions committee to restore some balance by making some proactive changes to the recruitment and admissions process for the 2014-16 batch. Partly as a result of these changes and with a greater recruiting effort by IIM-A in non-traditional areas, non-engineers constitute 11 per cent of the students to whom offers have been made this year, compared to 5 per cent or less of the batches in the past three years.

Also, 28 per cent of the offers, a record high for IIM-A, have been made to women applicants, compared to women constituting 11 per cent to 22 per cent of batches in the past three years.

But, as B-school dons point out, more women in management education indicates a quiet social phenomenon at work as well. ISB’s Mahajan says the pool of women entering the corporate workforce has multiplied otherwise one wouldn’t see the numbers going up in B-schools. “The gender scenario in the corporate world itself is changing and lot more women feel confident that this is a career they can build,” she says. Schools such as ISB and Great Lakes Institute of Management require a minimum of two years work experience to enrol for a one-year programme. GLIM’s Executive Director S Sriram says that traditionally very few women pursued higher education and those of them who did, got into humanities and social sciences and career wise, most aspired to become teachers and jobs of similar nature. “Modern women are pursuing engineering and other professional education and naturally they aspire to become managers and leaders of organisations. This is the supply side explanation.”

On the demand side, he says, corporates are increasingly realising the need and importance to have women managers and leaders. They are not only good in people management and organisational building due to their better developed EQ but also bring in possibly better corporate governance and ethics, as women tend to have less tolerance for compromise. “Even research conducted after the 2008 crisis found that companies with more women on board suffered less,” explains Sriram.

Uday Salunkhe, Group Director, WeSchool, says it’s all a domino effect due to the better policies in place that support women and overall a society that respects women for the talent they show. “With every woman you train, you fade the gender bias prevalent in many regions and strata and strengthen their determination for a better life. Well balanced gender diversity in all facets of life helps developing a healthier attitude and better respect for all. ” he adds.

Schools such as ISB have also been proactive in roping in women into B-school by reaching out to them during their undergraduate courses. It also admits women on an average who are younger then similarly qualified men. “We realised if we don’t give them an opportunity then or say you’re too young and work a couple of years and come back, they say there is too much pressure to get married and they may not be able to do the course later. It’s a valid reason. So we are open to taking them younger,” says Mahajan. But, even that is changing, she adds. With married students’ accommodation and conducive campus facilities, more married women are signing up for a B-school education — this year she says there are 45 married women on campus.

Best case practices

IIM-A’s Nanda recalls that two decades ago, MIT in the US used to have a similar problem of fewer women joining. It’s considered one of the top schools in hard sciences, but it was not getting many women students “and the reason was there was a general wisdom that you don’t get many women interested in hard sciences as the environment is not supportive of them.”

The leadership of MIT said it had to aggressively go and recruit women from schools, encourage them to apply; bring them to MIT to spend a couple of days; offer scholarships. “Today, MIT has almost 50 per cent women. And, in fact, it is considered one of the most women-friendly institutions. But, it took a decade. So we have to reach out to students; encourage people in society who think it’s important and provide motivation and incentives to people from different backgrounds to apply,” explains Nanda.

Anaita Singh, a student of the 2015 batch at ISB, who earlier worked in a bank, a government project and for a political party in the Delhi state elections, says earlier there was a set agenda for women, that they could work only in particular sectors. “We have more support systems now. And, now we are in a position to create something for ourselves rather than be stereotyped.”

Not just IQ, but EQ and SQ as well

The Chennai-based Great Lakes Institute of Management has traditionally had a high proportion of women in its batches since it started ten years ago. Executive Director S Sriram points out that managers who aspire to be in managerial and leadership positions need to have a strong EQ (emotional quotient) and SQ (social) apart from IQ.

“Our traditional education, and particularly in the Indian context, does not provide structured inputs to develop EQ and SQ. More particularly in management education, these aspects are very important as an overwhelming majority of students come from an engineering background which emphasises the IQ component almost to the exclusion of the other two,” he explains. One of the effective ways to respond to this of equipping future managers and leaders with an SQ and EQ component is ensuring diversity in terms of gender and the academic background they come from. “Women,” he says, “traditionally possess a higher EQ component. So, by being in the same class, interacting with them, looking at and learning from their perspective of managerial and leadership situations enables one to not only appreciate the EQ component but also develop it further.” People who come from diverse undergrad backgrounds bring in their own perspective to managerial issues/challenges. For example, he points out, a humanities person will look at a productivity problem very differently compared to an engineer. This not only enriches class room learning but also enables one to develop diverse perspectives.

source: http://www.thehindubusinessline.com / Business Line / Home> Features> New Manager / by Vinay Kamath / June 24th, 2014

ECIL completes field trials of giant Gamma-ray telescope

A giant Major Atmospheric Cherenkov Experiment (MACE) Gamma-ray telescope, being developed and manufactured by Electronics Corporation of India Limited (ECIL), has successfully undergone all the field trials, its manufacturer said here today.

The telescope has been developed for Mumbai-based Bhabha Atomic Research Centre (BARC) and was ready to be dispatched to Hanle site in Ladakh region of Jammu and Kashmir.

“When installed and fully operational by early 2016, this MACE telescope (which weighs about 180 tons) will be the second largest Gamma-ray telescope in the world. It will help the scientific community of the country to enhance their understanding in the fields of Astrophysics, Fundamental Physics, Particle acceleration mechanisms etc,” according to an ECIL statement.

Similar telescopes, setup in Namibia, Europe and the US, have been developed by collaborative efforts of multiple institutions, whereas the MACE telescope has been designed and developed from concept stage to assembly stage by ECIL with technology support from BARC, it said.

The MACE telescope flagging-off ceremony will be held on June 28 by Dr R K Sinha, Secretary, Department of Atomic Energy & Chairman, Atomic Energy Commission, at Antenna Systems Group, ECIL.

According to the ECIL, Very High Energy (VHE) gamma rays in the telescope offer a unique insight into some of the most extreme phenomena of universe.

The largest telescope of the same class is the 28 metre diameter HESS telescope, operating in Namibia.

source: http://www.business-standard.com / Business Standard / Home> PTI Stories> National> News / Press Trust of India / Hyderabad – June 24th, 2014

Global Edge Software Limited Inaugurates its Hyderabad Facility at Hi-Tech City

Global Edge Software Ltd., has inaugurated its Hyderabad facility at Mindspace, Raheja IT Park, Hi-Tech City, Hyderabad. The Expansion is in alignment with its growth module and strategy of the organization.

Global Edge Software Limited, a SEI CMM Level 5 certified ISO 27001 & 9001 driven company has been venturing into cutting edge Embedded Technology Solutions for Semiconductors, Automotive, Industrial Automation, Telecom & Wireless under one roof. They have been providing comprehensive services on Mobile Application, User Interface, Operating Systems and various mobile platforms. Expertise spans across 2G, 3G, 4G and LTE technologies.

After Bangalore, Hyderabad has been fast emerging innovative hub for product engineering. With a vision of being a leading technology company, transforming the embedded world with innovative solutions and services, the expansion plan was made to upgrade the service provision & satisfaction levels of their customers with extra facilities customized to suit their needs.

The new facility was inaugurated by Mr. Shashi Reddy, VP Engineering Qualcomm which saw people from the fraternity to be a part of it. Speaking on the occasion Mr. Shashi Reddy, VP Engineering Qualcomm said “Global Edge Software Ltd is a strategic partner & this facility set up should provide enhanced support on the engineering front for the various client projects based out of Hyderabad & a new footprint for the organisation”

Speaking on the occasion of the inauguration of the 50 seater new Facility at Hyderabad, Mr. M.P. Kumar, Chairman & CEO of Global Edge Software said; “As new trends, technologies and consumer expectations emerge and with shrinking product development cycles, the need to support older products, and constant pressure to optimize costs and differentiate products to meet consumer demands, companies must adapt quickly to changes. Being product engineering partners with expertise in the domain, agility and innovation help us surmount the challenges of delivering high-quality, timely products and services to our client. A new facility dedicated to this helps us focus on meeting our customer needs very effectively.” he added.

Source: Equity Bulls

source: http://www.equitybulls.com / Equity Bulls / Home> Industry News / June 23rd, 2014

Hyderabad’s play Main Rahi Masoom goes global

The stage is set: Vinay Varma with Director Bhaskar Shewalkar. (Photo: DC)
The stage is set: Vinay Varma with Director Bhaskar Shewalkar. (Photo: DC)

Hyderabad:

Shakespeare’s phrase, ‘All the world’s a stage’, seems to be coming true for Vinay Varma, actor and director for the theatre group Sutradhar in the city. Vinay, has been invited by the Aligarh Alumni Association, Washington DC, and the Society of Friends International, London, to stage his play Main Rahi Masoom.

Talking about the inception of Main Rahi Masoom, which is based on the writer Dr Rahi Masoom Raza’s philosophy, Vinay says, “No one had ever thought of doing anything on this great unsung hero.”

Not the Aligarh University, not the Hindi film industry, not even any theatre person or filmmaker had ever attempted to pay any kind of tribute to him.And it was never an easy task. Vinay, along with the director of the play, Bhaskar Shewalkar, lights designer Dr Adesh Yadav and Sundeep Hemnaoni, had to go through a 519-page journal written by Rahi and then attend a script-writing workshop to perfect the script of the play.

“The final script is a result of a lot of churning and personal effort. At first Nadeem bhai (Rahi’s son) seemed dismissive about the whole effort. He wasn’t convinced, and mentioned that there were too many people who had tried to do something on Rahi, but their efforts never took off. But when the script was mailed to them, they were astonished with the results, and gave us a go ahead. Both Nadeem and Nayyar aunty (Rahi’s wife) gave us inputs about his personality, where and how he used to write, what and how often he smoked, and even which paan he chewed.”

Sutradhar has often exhibited works of writers like Manto, Ismat Chugtai and now, Dr Rahi Masoom Raza. But chronicling the life and times of such expansive writers is a difficult task. Vinay agrees.

“You have to live up to their reputation and do justice to their classics. Their personalities, lifestyle, thoughts, era and characters have to come across undiluted, and that is like walking on a double-edged sword.”

It goes without saying that even at the international stage, there will be no changes in the script. “Each word in the script is Rahi’s and not ours. In fact, we refused to change or modify anything in the script when the Gujarat Censor Board refused to clear it for a performance in Ahmedabad. Instead, we preferred not to perform, rather than put up a lame show. It makes sense because it is about a man who stood up to the fundamentalists on both sides of the religious divide.”

source: http://www.deccanchronicle.com / Deccan Chronicle / Home> Entertainment > TV-Music / DC / Sanchita Dash / June 24th, 2014

16 Hyderabad firms on D&B’s top 500 list

Companies that have made it to the list include Amara raja batteries, Andhra bank, Aurobindo Pharma, Dr Reddy’s among others

Sixteen companies from Hyderabad have made way to the recently released ‘India’s Top 500 Companies’ report of Dun & Bradstreet (D&B), a provider of global business information and insight.

According to D&B, the ranking is done on the basis of various parametres such as total income, net profit and net worth. It includes both private sector and public sector companies that are listed on stock exchanges.

The companies that have been included in the report are Amara raja batteries, Andhra bank, Aurobindo Pharma, BS Limited, Coromandel International, Cyient, Dr Reddy’s, Gayatri Projects, HBL Power Systems, Heritage Foods, Madhucon Projects, NCC, NMDC, Prism Cement, Ramky Infrastructure and Steel Exchange India Limited.

“Despite subdued consumption demand and inflationary pressures that persisted during FY14, the top 500 Companies managed to show a modest 8 per cent growth in their top line earnings during first nine months of FY14 as compared to the same period previous year.

“On the profitability front, margins declined marginally from 7.5 per cent during 9M FY13 to 7 per cent during 9M FY14. On the back of policy initiatives expected from the new government, we expect revival in the domestic economy in FY15, albeit at a slower pace, as measures to boost business confidence will take time to fructify. For FY15, D&B expects the GDP to grow by 5.5 per cent,” D&B India president and chief executive officer, Kaushal Sampat, stated in a press release.

source: http://www.business-standard.com / Business Standard / Home> Companies> News / BS Reporter / Hyderabad – June 23rd, 2014

Music for all, all for music

MUSIC AND LYRICS Lazy Weekends perform at the concert Photo: Ramesh Babu
MUSIC AND LYRICS Lazy Weekends perform at the concert Photo: Ramesh Babu

The World Music Day concert offered a stage for up and coming musicians to showcase their talent, while raising a lot of questions about the city’s western music scene

This Saturday saw a huge crowd gather at Hyderabad Public School with one purpose in mind – to enjoy an evening of music. Organised by Alliance Francaise, Hyderabad, Goethe- Zentrum Hyderabad and Hyderabad Western Music Foundation, the four-hour concert covered all genres including Indian and Western classical, fusion, classic rock, acoustic and folk.

For musician Arpit Chourey, the event not only provided a stage to perform but also served as a place to meet other local artistes. “It was a great opportunity for meetings and collaborations,” he says.

“It was a good platform where I could play my original compositions unlike at a lounge,” says the artist who performs at a restaurant every Friday. Nicholas Wood, who moved to the city in April, too, the event was a great place to meet other musicians. “I was really surprised at the levcel of talents, especially of the younger musicians,” he says.

In Hyderabad, Alliance Francaise and the other organisers together have made the day about shining the limelight on new acts that are yet to enter the nascent music scene in the city. According to Pranati Khanna, who performed at a World Music Day concert three years ago, the platform is great for amateurs. Today, Pranati performs at Trident Hotel and also plays at Olive Bistro every Sunday. Like her, many other who played at World Music Day have begun taking up gigs across the city.

While we cannot ignore the generosity of HPS who hosted the event on their premises, the fact remains that the hall was not the most fitting venue for a musical performance. The poor acoustics of the venue, however, didn’t stop the audience and musicians from having a good time but it did highlights the lack of availability of good spaces for performing western music, especially when operating on a tight budget. Shruti Verma, cultural coordinator of Alliance Francaise informs that getting sponsorship for an event like this is not easy in the city.

“The difficulty is that we don’t have too many Corporates that associate themselves with music.This means, we have to compromise a bit on the quality of the event,” explains Shrutt.Pranati, who has been performing for a few years, too reveals she has a hard time finding companies that fund music concerts. She also agrees that when it comes to music, Hyderabad cannot compare to Bangalore or Delhi, a complaint voiced by many musicians here.

Initiating Hyderabad
The good news, however, is that in the last year, starting with City of M, before the year began and Reset, which took place in March to the gigs that happen in places like Lost Society and Over the Moon, we have had a few good bands from all over the country bringing their music to Hyderabad.

While these events are funded mostly by liquor manufacturers and held in exclusive venues, they are doing their bit to initiate part of the Hyderabadi into the musical culture that make a city like Bangalore a hotspot for independent musicians. Meanwhile, establishments like Coco’s, Olive Bistro and the now closed Blue Door provide space for local artistes to perform. Still, there is a lot to be learnt – by musicians, organisers and audience members – before Hyderabad can put itself on the map for original music in India and provide the right exposure for home grown talent. Save for the event at HPS and a few other classical performances in small venues across the city, World Music Day in Hyderabad went by without much noise. Chennai’s celebrations included music workshops in several schools while Bangalore had more than 50 bands perform across five venues, over two days.

Keeping in mind that the festival is built on the idea of providing free music for all, perhaps a little help from local venues and participation and coordination among local musicians might go a long way in making Fete De la Musique as it was envisioned by its creator, Maurice Fleuret with ‘music everywhere and the concert nowhere’.

source: http://www.thehindu.com / The Hindu / Home> Features> MetroPlus> Events / by Zeenab Aneez / Hyderabad – June 23rd, 2014

Hyderabad boy bags second rank in IIT-JEE

Hyderabad :

Hyderabad continued its top-notch record in IIT Joint Entrance Examination (Advanced) with Ch Sai Chetan from the city bagging the second rank, the results of which were announced on Thursday evening. Names of three others from the city figure in the IIT-JEE toppers’ list. In the divided state, Chetan emerged the topper in Telangana while Revuri Lohit from Tirupati became the state topper in Andhra Pradesh, having secured the fourth rank in the exam.

Rajasthan’s Chitraang Murdia topped JEE (Advanced) securing 334 out of a total of 360 marks.

In all, the two states bagged five of the top 10 ranks and 11 of the top 20 ranks. Overall 19416 students from across the country, including 6,000 from OBC, 4,400 from SC and 1,250 from ST categories, figured in the common merit list this year.

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> City> Hyderabad / TNN / June 20th, 2014

Race course set to gallop into history

Hyderabad :

A major landmark of the city is set to disappear soon with the Telangana Rashtra Samithi government firming up plans to turn the iconic Hyderabad Race Club into an education hub.

Leading into the elections, TRS supremo K Chandrasekhar Rao, promised a slew of sops to boost education, and one idea, which startled educationists, was turning the 100-year-old iconic race course into an education hub.

After he assumed power, the education department has been entrusted the task of preparing a blueprint for establishing 150 educational institutions in and around the sprawling Malakpet race course. These institutes will offer post-graduate courses in various subjects, specialize in research and development, it is learnt.

In fact, a similar proposal to create an educational hub by the then Congress chief minister YS Rajasekhara Reddy, was shelved in 2008 after vehement opposition from the race course authorities, backed by political parties.

Now the higher education department has pulled out the old blueprint and is re-working it with renewed zeal and giving it proper shape, at the behest of the state government.

The government’s plan is to build about 150 higher education institutes on 500 acres of land, which includes the race course and also the Chanchalguda jail.

When asked about the plan, G Jagadish Reddy, minister for higher education said that the manifesto will be implemented at any cost.

“We will implement the manifesto at any cost. The hub will come up and the modalities will be discussed soon,” the minister said.

As per the plan, the whole concept is at the formative stage and the government has plans to rope in several stakeholders and finalise the mega project. Education department officials said companies like Wipro and Infosys, among others will be roped in for the project.

Educationists are privately criticising the move saying Telangana already has plenty of quality educational institutions, including IIT-Hyderabad, National Institute of Technology in Warangal and Indian School of Business among others.

“Educational hub is a good concept, but establishing it by destroying an iconic landmark is definitely a bad idea. There is a plenty of open land where the government can set up such institutions, why here?” questioned a former vice-chancellor, who did not wish to be named.

Incidentally, the present race course in Malakpet was shifted from Secunderabad a century ago as the British government wanted it closer to the city and now thanks to Telangana chief minister K Chandrshekar Rao, it is all set to move out of the city again.

The race course and the Chanchalguda jail are part of a sprawling 2,000 acres of land, which the new government has been eyeing. In fact, the chief minister said clearly that his government would not allow such prime land to be wasted on racing and wanted the jail to be shifted out of the city, but has not specified where.

The 2008 plan envisaged a smaller project where only part of the race course would have been affected, officials in the know of things said.

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> City> Hyderabad / by Nikhila Henry, TNN / June 20th, 2014

US firm to invest Rs. 300 crore in ladder unit in Medchal

It is likely to create 1,000 jobs in the first year itself
: In what could be the first investment flow into the five-day-old Telangana State, the US-based Wing Enterprises has decided to invest about Rs. 300 crore near Medchal here to set up a ladder-manufacturing company.

The investment in manufacturing (furniture) sector is likely to create direct employment potential of about 1,000 jobs in the first year itself. Representatives of the US-based firm engaged in the production of “Little Giant Ladder” Systems called on Minister for IT, Industries and Panchayat Raj K.T. Rama Rao at his office here on Friday and explained to him their plans.

K.T. Rama Rao
K.T. Rama Rao

The company manufactures different types of ladders and equipment like air-deck work stations, cargo-hold products and fuel tank paint trays.

“The establishment of the manufacturing facility by the US firm is a pointer to the flow of investments into Hyderabad in other sectors and not just IT”, the minister told The Hindu.

Plans for IT sector

On the State government’s vision for the IT sector, Mr. Rama Rao said they would soon come out with a comprehensive policy for its development with focus on research and development, particularly on establishing world-class incubation centres to nurse the talent and entrepreneurship.

“The focus so far has been on the IT/ITES. But, we have plans to take it to the next level to fuel growth of the sector by creating an appropriate eco-system”, the minister said. He would meet representatives of the industry before preparing the policy.

Earlier in the day, the minister shared the government’s plans for the IT sector growth, particularly in the area of entrepreneurship and innovation, with the faculty of Indian School of Business (ISB) and International Institute of Information Technology (IIIT).

ISB Dean Ajit Rangnekar said they were keen to explore ways for collaboration between the government and ISB to strengthen the ecosystem. He explained how the ISB had been working closely with successive governments and the industry. Director of IIIT Hyderabad P.J. Narayanan was also present.

source: http://www.thehindu.com / The Hindu / Home> National> Andhra Pradesh / by Special Correspondent / Hyderabad – June 07th, 2014