Category Archives: Business & Economy

Anthem to set up operations in city

Healthcare services provider to have a 2.5 lakh sq ft facility, employ 2,000 employees

Leading healthcare services provider globally, Anthem has chosen Hyderabad to set up its operations, a release from the office of Industries and IT Minister K.T. Rama Rao said on Thursday.

The company has announced a major presence in the city with 250,000 sq ft of space in an SEZ. The proposed facility will employ about 2,000 employees. Founded in the 1940s and headquartered in Indianapolis, US, the company had revenues of $ 90 billion in 2017.

The release said United Healthcare Group (UHG), the largest firm in the healthcare services sector, has the biggest Indian presence in Hyderabad. It has expanded significantly over the last four years consuming over 830,000 sq ft in the city.

On the Innovation front, tech start-up incubator T-Hub — HealthTech which is one of its seven thrust areas — has recently partnered with Australian MedTech entrepreneurs for cross border growth with the government of Victoria providing a grant of AUS $ 80,000, the release said.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Special Correspondent / Hyderabad – September 28th, 2018

Dubai firm acquires Hyderabad-based bus-shuttle app Commut

Commut was the brainchild of six IIIT-H alumni

Hyderabad-based bus-shuttle app Commut has been acquired by Dubai-based ride-hailing app Careem Networks FZ. The value of the deal has not been disclosed. Commut was started by six alumni of IIIT-Hyderabad about three years ago.

“As per our deal with Careem, we are supposed to shut down the local operations and launch Careem Bus in MENAP (Middle East, North Africa, Afghanistan, and Pakistan) region,” said a spokesperson of Commut. “The Indian operations have been handed over to Shuttl in a separate deal,” said the spokesperson, when asked about continuing operations of the service in Hyderabad. Cummut currently services 50 routes using 70 buses.

Started in November 2015 by IIIT-H students Hemanth Jonnalagadda, Prashanth Garapati, Charan Thota, Sandeep Kachavarapu, Akshay Chennupati and Srujai Varikuti, Commut has been a successful startup, which transitioned from idea to reality. Last year, Commut was selected for MAN Accelerator Programme. “Joining Careem and building the mass transportation vertical will help us fulfil our mission at a much larger scale,” said Prashanth Garapati, one of the founding members of the startup.

“Mass transportation is one of the biggest issues facing many fast-growing cities in our region. Commut has a successful track record in mass transportation, and we are excited to bring their expertise into the Careem family,” said Magnus Olsson of Careem.

source: http://www.thehindu.com / The Hindu / Home> News> States> Telangana / by Special Correspondent / Hyderabad – September 25th, 2018

Hyderabad Metro Rail is now second largest metro network in country

An image of the Hyderabad metro rail in the L.B Nagar-Ameerpet Metro stretch. | Photo Credit: Photo: G. Ramakrishna

Governor E.S.L. Narasimhan flagged off the metro train from the Ameerpet metro interchange station towards L.B.Nagar in the city suburb just after noon on Monday.

With the opening of this 16 km stretch, the entire Corridor One of Hyderabad Metro Rail (HMR) project of 29 km from Miyapur to L.B.Nagar has been completed.

It will be the first corridor to be completed in all respects and has been opened to general public by evening. Construction is underway in two other routes: Corridor Two – Jubilee Bus Station to Mahatma Gandhi Bus Station (Imlibun)/Falaknuma – 15 km and Corridor Three – Nagole to HiTec City/Raidurg – 28 km. Altogether 72 km of elevated metro line is being built in three dense traffic corridors of the capital.

Last November, Prime Minister Narendra Modi had opened the inaugural 30 km metro line of Nagole-Ameerpet-Miyapur in the presence of Chief Minister K. Chandrasekhar Rao and others. It covered parts of Corridor Three – Nagole to Ameerpet (17 km) and Corridor One – Miyapur to Ameerpet (13 km).

More than a lakh passengers have been riding on the trains and it is expected to double now.

With Monday’s opening of another metro stretch, the Hyderabad Metro Rail will be covering 46 km and has become the second largest metro rail network in the country after New Delhi, announced Minister for Municipal Administration K.T. Rama Rao during a presentation made to the Governor at the terminal station of L.B. Nagar.

It is also the world’s largest public-private partnership project. The Government spent close to ₹3,000 crore for land acquisition, road widening and shift of utilities, while L&T Metro Rail Hyderabad (L&TMRH) invested more than ₹12,000 crore. The Central Government too chipped in with Viability Gap Funding (VGF) of ₹1,458 crore. The entire work has been estimated to cost up to ₹14,132 crore.

The Minister said HMR was also taking care of improving ground level infrastructure all along the metro corridors like designer footpaths, drains and signages while barricading is being taken up underneath stations to prevent spillover of passengers onto the main road. Skywalks are in the offing and all metro stations could be used as road crossovers. Frequency of trains is about 7-8 minutes and first train chugs in at 6.30 a.m. and last train 10.30 p.m.

First and last mile connectivity is being provided through bicycles, bikes and taxis. Soon electric charging points will be provided for bringing in electric vehicles into its fold, he added. The Governor commended the project and requested the citizens to make use of the facility for the sake of personal health and environment. He called for speedy induction of smart card/smart phone ticket facility and opening of HiTec City line by Dec.15.

Mr. Narasimhan after travelling from Ameerpet to L.B.Nagar, got down at Khairatabad and cycled towards Raj Bhavan along with other senior officials. Mayor B. Rammohan, Chief Secretary S.K. Joshi, HMR MD N.V.S. Reddy, L&TMRH CEO & MD K.V.B. Reddy and others were present.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by V. Geetanath / Hyderabad – September 24th, 2018

China firm opens software development centre in city

Thundersoft Global CEO Larry Geng with IT Secretary Jayesh Ranjan at the centre’s opening in the city on Monday.By arrangement

Keen on acquisitions, having own campus and hiring 1,000 engineers

Smart device operating system and platform technology provider Thunder Software Technology Co. Ltd. of China has made a foray into India by establishing an IT development centre in Hyderabad.

A company that counts US chipmaker Qualcomm as an investor and key customer, Thundersoft has hired 25 engineers for the facility. Their numbers are expected to go up to 80-100 by December, Global CEO Larry Geng and Thundersoft India vice-president Sudharani Pillai said on Monday.

In an interaction, after the centre was formally opened by IT Secretary Jayesh Ranjan, they said the company planned to have on board 1,000 engineers in India in the next 3-5 years. While Hyderabad would remain the India headquarters, it was considering setting up software development facilities in Bengaluru and Pune as well. In about two years, the company would also take a decision on having a campus of its own.

Thundersoft was set up 10 years ago and has 20 research and development centres globally, including the Hyderabad facility. The company’s global headcount is 3,400 and in 2017, it had revenues of $200 million.

Seeking to highlight the role India could play in as the company looks to grow its global presence, Mr. Geng estimated Thundersoft to invest $10 million in the country over the next two years. It could be higher if the Beijing-headquartered firm is able to give shape to plans of acquiring firms in India.

In India, the company would be looking at firms developing technologies in its focus areas of smart phones, IoTs and automotive solutions.

The Hyderabad centre, he replied to query, would be an Intelligent software technology development facility and would work closely with Qualcomm.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Special Correspondent / Hyderabad – September 25th, 2018

Startup India Yatra reaches SR Engineering College

Startup India Yatra van at SR Engineering College in Warangal on Thursday. | Photo Credit: M_Murali

Students to share their ideas with Startup India representative Karandeep Singh

The Startup India Yatra, a government initiative to promote startups, reached SR Engineering College here on Thursday where students would share their ideas with Startup India representative Karandeep Singh. Some of the potential ideas would be taken to the boot camp on September 22.

College principal V. Satish said the initiative, taken up by the Government of India and Telangana State Innovation Cell (TSIC) in 12 districts, would help in creating awareness on startups. “Entrepreneurship has always been a buzzword in metropolitan cities, but after the launch of Startup India programme, many from Tier-II and Tier-III cities are into entrepreneurship,” he said.

The selected ideas from the boot camps would be connected to seven incubators of Telangana, including SRIX incubator in Warangal. CEO of SRIX Sridevi Reddy, and Startup India college coordinator G. Satish Raj urged the students to make use of the opportunity.

source: http://www.thehindu.com / The Hindu / Home> News> States> Telangana / by Special Correspondent / Warangal Urban Dt, – September 20th, 2018

Award for HMR

Indian Concrete Institute- UltraTech awards ceremony in the city.

Metro rail MD receives award from former T.N. Governor K. Rosaiah

The Hyderabad Metro Rail Project was awarded the ‘Outstanding Concrete Structure for Infrastructure’ from Indian Concrete Institute- UltraTech Awards-2018, at a ceremony held here on Saturday. HMR MD N.V.S. Reddy received the award from former A.P. Chief Minister and ex-Tamil Nadu Governor K. Rosaiah.

L&T Metro Rail-Hyderabad Project Director M.P. Naidu also received the Outstanding Concrete Structure-Infrastructure (Project Concessionaires & Designers) and (Architects Award) on behalf of the company.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Chennai / by Special Correspondent / Hyderabad – September 10th, 2018

Beyond bag basics: Bagman

Bag it right Shashi of Bagman is on a drive to replace plastic bags with handmade cloth bags. This startup engages small groups of women workers to stitch bags that can be sold at a nominal rate at various places Nagara Gopal | Photo Credit: Nagara Gopal

Bagman is a campaign by Rewheel to promote use of cloth bags to protect environment
“How much would you pay for this,” asked Sashi Kaja holding out a simple cloth bag with fishes printed on it. The print on the bag apart from fishes has a message that reads ‘plastic free oceans’.

Even at the cost of being judged after examining the double sturdy stitches on the sides and the cloth handles, I said, “not more than ₹100.” Sashi smiled, took the bag from the hand, (at this point I was sure of snide remarks) and said “I am selling them for ₹ 30 and even then I have people who wear expensive shades argue and bargain with me at malls.”

Sashi is the founder of a campaign — Bagman, which is also a part of his business — Rewheel that manufactures handmade cloth bags for everyday use. Rewheel is a social enterprise, which hopes to sensitise society on the usage of plastic bags for the cause of sustainable environment by iterating the fact that making earth safe starts with little changes in everyday lifestyle. In achieving the same, Rewheel manufactures cloth bags which are handy, comfortable, strong and above all ecologically safe. “Right from taking it to gym for a change of clothes and shoes to buying vegetables,” he assures. One can also look hep with his multi-purpose bags with quirky prints. Ideal to carry laptops and other extra essentials that cannot be stuffed into your stylish handbag for fear of making it go out of shape.

Bagman campaign

Sashi’ journey with bags however began with a trek. He never in his wildest dream thought he will be a ‘jhola-man’ to the extent of making and selling them. “I am a nature lover and love solitude. I am mostly out on treks and visit the wild on my own and that has pretty much made me become familiar with the jungles. Having trained to handle snakes have also taken me deep into the jungle to understand their habitat etc. While on one such trek I was shocked to find plastic bags deep inside the jungle. It was not a picnic spot or a commonly visited area, so the presence of the plastic bag was horrifying,” says Sashi.

While he is against plastic, Sashi agrees that plastic is a good discovery. “It is the way we use and dispose that makes a difference. Finding plastic inside a cow’s stomach is very common these days. The oceans are fast-filling up with plastic. Aquatic birds and animals are eating plastic and we are still not able to find a solution,” says Sashi.

Bagman campaign

Before starting Bagman, Sashi was into trading, buying from one point to selling at another. He would buy from others and market and sell it to people. So much so that he became a joke at home. “’Your brother works for Microsoft and what do we say you do?’ would be the joke at home,” laughs Sashi.

Earlier Sashi even worked in a startup where he sold chai and samosa. The idea he says is to understand how is it to be out there and sell a product.

Sashi wanted a business plan that would make him realise the dream of doing something for the environment and being able to provide livelihood to a section of people who need it. “We have a few in-house trained bag makers but I also outsource work to people who are trained but have very less work. I saw no point in training and investing in an infrastructure when there is ample available to be used,” says Sashi.

Is it financially viable? “At the moment not quite viable. sometimes we lose money, sometimes we just manage. Apart from this, rejections are a part of our business. The best thing one can do at times like this is to try harder. That is what I would tell those who want to give wings to their dreams,” says Sashi.

Earlier on, Sashi was also a part of the UnLtdHyderabad which is a part of UnLtdindia, an organisation that works to find, support and grow early-stage social entrepreneurs who can build high-impact organisations and grow as catalysts for social change.

Bagman campaign

“They gave me a grant and that’s how I started Rewheel five years ago. I most recently started the Bagman campaign to promote use of cloth bags. All heroes don’t wear capes, some heroes carry cloth bags because they care for the environment,” says Sashi pointing out to the campaign artwork. The pinboard displays his two most favourite subjects — one is Bagman and the other is Sonali Bendre. “I am a big fan and I was shattered to know that she was fighting cancer,” says he.

For details: www.thebagman.in

source: http://www.thehindu.com / The Hindu / Home> Sci-Tech> Environment / by Prabalika M. Borah / Hyderabad – September 03rd, 2018

Hyderabad entrepreneur is new DICCI Working President

The Dalit Indian Chamber of Commerce and Industry (DICCI) elevated its south India president Narra Ravi Kumar, an entrepreneur from the city, as its National Working President.

His appointment was announced in a communication issued by DICCI Chairman Milind Kamble and the Governing Council, a release said.

Born to slum-dweller parents in Hyderabad – his father was a daily-wage mason and mother a daily-wage labourer – Mr. Ravi Kumar struggled to get education. He did his postgraduation in law and also acquired PG diploma in journalism as well as in public relations.

After his studies, he got into construction business. He is the managing director of several businesses—Apna Door Step Services Pvt Ltd, Smart Green Infra and Logistics Management India (P) Ltd and Aditya Communications.

As Working President, he will be second in command of the Pune-headquartered body of 8,500 Dalit entrepreneurs that has 26 State chapters and seven international chapters. “My challenges as National Working President of DICCI is to bring together all Dalit entrepreneurs under one umbrella and make the organisation a one-stop resource centre to promote entrepreneurship among Dalits as a solution to their socio-economic problems,” he said in the statement.

Mr. Ravi Kumar is the first Dalit entrepreneur to be awarded Padma Shri from south India, for his contribution to the growth of Indian industry. He played an active role in formulating a role model policy support for entrepreneurs in Telangana and Andhra Pradesh, which is now being adopted by various States, the release said.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Special Correspondent / Hyderabad – July 17th, 2018

T-Hub to mentor Canadian tech firm

Invites entries for Communitech’s programme for companies to access Indian market
The T-Hub has called for applications from Canadian start-ups and scale-ups for a Global Bridge programme of Communitech, a Canada-based public-private innovation hub, to help them build expertise in scaling their operations in India.

Through mentorship, T-Hub would enable Canadian entrepreneurs to offer high-quality solutions to Indian consumers and supercharge innovation, while bolstering trade relations and knowledge-transfer between the two countries. The T-Hub and Communitech had signed an MoU during Canadian Prime Minister Justin Trudeau’s visit to India earlier this year. “India unlocks huge opportunities for global entrepreneurs to scale their businesses,” T-Hub CEO Jay Krishnan said in a release on the programme. Canadian start-ups stood to benefit from the vast market, while India would receive technology solutions in critical areas such as sustainability and healthcare, he added. Being accepted into this programme offered by Communitech, the Canadian Digital Media Network and T-Hub would result in a much more successful entry into India for Canadian tech companies, said Lisa Cashmore, Communitech’s director of international strategy.

Selected companies – in the areas of clean technologies and sustainable infrastructure; health and biotechnology; and B2B enterprise solutions – would receive two-and-a-half months of virtual coaching and access to resources, followed by three weeks in market.

While in India, the company representatives get to participate in formal programming in Hyderabad and network and travel for sales meetings around the country. Companies would receive up to $4,000 CAD to help offset travel and accommodation costs to be reimbursed by the CDMN, the release said. Last date for application is August 15. Visit https://t-hub.co/globalbridge_ca_in for more details.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Special Correspondent / Hyderabad – July 17th, 2018

Bakey’s edible cutlery allows you to eat with them, then gobble them up

Bakey’s edible cutlery is Narayana Peesapaty’s solution to save the environment from plastic pollution.

Narayana Peesapaty’s phone rings incessantly. Taking a break from the calls he says, “Enquiries about the product and machinery keep me busy all day. Even while I am at the factory, my staff and I get very little time to do any other work. ” Some of these phone calls are to congratulate Peesapaty for the Swachh Bharat Award, which he received on June 23 from Prime Minister Narendra Modi, on the occasion of World Environment Day.

Apart from the congratulatory messages, some calls are enquiries for a product Peesapaty’s brand, Bakey’s, manufactures — edible cutlery. The unique cutlery is made mixing jowar (sorghum) with rice flour and wheat flour. He uses jowar only because unlike ragi and other millets, which have an overpowering taste, jowar is fairly neutral and allows different flavours to be mixed in.

One year and many kilograms of millets later, Peesapaty, with the help of his wife, was able to successfully get the right recipe to make the spoons. Finally, in 2016, Bakey’s took shape. Baking the dough at 280° Celsius for 28 minutes makes them tough enough to even spoon up soup with. Peesapaty thought about this cutlery first by accident while he was 5000 metres above sea level. “I was on a business trip and had packed jowar rotis. I forgot all about it. Then, when hunger pangs began, I reached for my food. I don’t like in-flight meals. My jowar roti had hardened. It was brittle, but still edible. I slowly began scooping the curry with the pieces, thus making me aware of what can be done to avoid disposable spoons,” says Peesapaty.

He realised the solution was not simple. His obsession with finding an alternative to disposable cutlery had two angles. “Apart from harming the environment, do we really know how disposable spoons are disposed of in reality? If they are all really being disposed of, then spoon piles should be as big a concern as discarded sanitary napkins. But no one talks about single-use spoon piles. Why? Because, often, they are not disposed of,” asserts Peesapaty.

To double-check this theory, not only did he wade through garbage, but even started sneaking into catered events to get first-hand information. “I made my way to the ‘service’ section of the function hall. I saw that while food and other things were being discarded, the spoons were separated and put in a bowl of water. When I enquired about it, the staff said ‘the spoon will be washed and reused. It is the supervisor’s instruction’. Still not convinced? Wipe a disposable spoon with your finger or a tissue paper, or drop them in a bowl of water. You will observe a thin film of oil floating in the water,” he says.

Another concern is depleting ground water levels and the presence of chemicals in them. “Millets use less water than rice. The dry belt of Telangana was mainly cultivated for millets. Rice was aspirational because it was consumed by the rich. But once the farmers grew rice, they came into the trap of fertilizer companies, because dry lands do not yield good produce. Everyone wants to make a profit, so the use of fertilizers has become rampant,” says Peesapaty, explaining why he was determined to engineer his product specifically with millets.

The cutlery also serves the purpose of promoting millets for consumption. As a result, “Farmers get encouraged to cultivate millets, which require very less water,” explains Peesapaty. Bakey’s sources the jowar millet locally from Telangana.

The crisp spoons taste like thick baked rice crisps. They need a strong bite with the molar to break and chew them. The spoons, if not bitten, do not dilute the taste or flavour of the curry you are having. Bakey’s has sweet and savoury varieties as of now, and a team of 27 people are working on other flavours like chocolate as well, in the factory at Dilsukhnagar in Hyderabad. They are also looking at decreasing the current waiting period of two months.

“The demand and feedback the world over are overwhelming, and the company is taking care of delivery logistics on its own to keep costs down,” he says.

source: http://www.thehindu.com / The Hindu / Home> Life & Style> Food / by Prabalika M. Borah / Hyderabad – July 13th, 2018