Daily Archives: April 22, 2018

City firm rolls out tyres

Business & Economy

A bootstrapped firm in the city has made a foray into the competitive tyre and tube market.

The launch by Neumex follows two years of research, said K. Ravi Shankar, one of its promoters. The company has partnered with a manufacturing facility in Hyderabad from which many automobile OEMs source tyres, he added.

Briefing the media here on Friday, he said Neumex has introduced a range of tyres and tubes for two-wheelers, three-wheelers, small commercial vehicles, light commercial vehicles and farm equipment segment. On the marketing front, Neumex would sett up stores, starting with Hyderabad and Secunderabad.

The company plans to have eight-nine outlets, a mix of own and franchisee-run, in the twin cities this year and expand to the rest of Telangana, Andhra Pradesh and other south Indian States by 2019.

By 2021, it aims to become a pan-India player. The outlets, Mr. Ravi Shankar and management consultant Suprajj Reddy, said would redefine the buying experience of the customers. With regard to the sales targets, they said Neumex has chosen not be in the numbers game, but develop as a brand.

The company would operate through a flat distribution system and a profit sharing equation by partnering with dealers and distributors.

source:http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Special Correspondent / Hyderabad – April 21st, 2018

Korean consulate office opened in city

Business & Economy, Leaders, Records, All, World Opinion

City bizman is first honorary Consul General

The office of Honorary Consulate General of Republic of Korea was inaugurated in Hyderabad on Friday evening by the ambassador Shin Bong Kil.

Suresh Chukkapalli, a well-known businessman, has been appointed the first Honorary Consul General in Hyderabad.

“Hyderabad has a small community of Korean nationals. But we sense a high potential for better ties between the two nations and this is a step in that direction,” said Mr. Kil on the occasion.

A cultural centre was also inaugurated on the same premises in Filmnagar. “Interested citizens can come and learn Korean language here. We will be asking for a Korean teacher to be deputed here. There are plans for promoting cultural exchange programmes,” informed Mr. Kil.

The Honorary Consulate General Office, located in Film Nagar (Korea House, No. 64, Road No. 14, phone: 23999999/ 24999999), heads a subdivision of the Consulate General office in Mumbai to protect and provide assistance to Korean nationals in Telangana and facilitate trade relations by liasioning between this State and the Republic of Korea.

source: http://www.thehindu.com / The Hindu / Home> News> States> Telangana / by Special Correspondent / Hyderabad – April 21st, 2018