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Compilation of some of the interesting news and articles, found by web search or forwards.
Space. That's the need of the hour for Indian industry, looking to grow in every direction. Companies are looking to occupy every inch of land they can lay their hands on to keep on their unprecedented expansion spree.
HYDERABAD: The world's fifth largest asset management company Franklin Templeton is planning to set up its world's largest single location campus — Franklin Templeton Park —in Hyderabad. The company currently has a centre employing about 1,100 professionals handling various in-house projects including operational and technological processes. For setting up of the largest campus, the company is implementing a project in phases in 15 acres at Gachibowli. The $40-million first phase would have a built up space of about 3.8 lakh sft to seat about 1,800 employes. The second phase, which is expected to be up and running by March 2008, will have an additional space of about 2.29 lakh ft to house 1,000 employees. "With this, the Hyderabad campus will be our largest single location globally in the next few months. The Hyderabad operations already accounts for 14% of the company's headcount," said Jennifer Bolt, Franklin Templeton's executive V-P. The company has around 8,000 employees globally, and with the new campus, more than 20% of the global headcount will be based out of India. The other two centres — Chennai and Mumbai — employ around 100 and 30 respectively.
Hyderabad, Feb. 22: The auction of plots, both residential and commercial, by the Hyderabad Urban Development Authority (Huda) continued on Wednesday. The Huda raised a total of Rs 82.41 crore through the bids. The highest bid, Rs 45,000 per square yard, was for a plot of land at the Chitranagar layout in Saroornagar. Three commercial plots went under the hammer at Chitranagar, with the plots measuring between 2,000 and 4,278 square yards. Bids for residential plots in Chitranagar ranged between Rs 13,600 and Rs 20,000 per square yard.
Hyderabad, Feb. 21: Individual bidders on Tuesday purchased residential plots on Nandagiri Hills at more than double the 2004 price. On Monday, an institutional consortium had paid Rs 1.41 lakhs per square yard for a plot at Jubilee Hills. The highest bid on Tuesday was Rs 80,000 per square yard for Plot 11 measuring 359.99 square yards. The lowest bid was for Plot 18 at Rs 40,600 per square yard for the 334.88 square yards. About two years back, the highest bid amount was Rs 40,000 per square yard in the same area.
Hyderabad, Feb. 20: A consortium led by ICICI Venture, the venture capital arm of ICICI Bank, and Maytas, the privately-owned construction company owned by the Raju family of Satyam Computer Services and Nagarjuna Construction Company, on Monday emerged as the largest bidder for a 23,659 square metre of land in Jubilee Hills, amid accusations of foul play.
Land records via SMS in Telugu
Hyderabad, Feb. 15: Fab City is now a reality. The State government will formally sign the Memorandum of Understanding (MoU) with SemIndia for Fab City on Thursday. Sources in the Chief Ministers’ Office (CMO) told this correspondent that SemIndia CEO Vinod K. Agarwal and representatives from APInvest would sign the MoU in the presence of Chief Minister Y.S. Rajasekhar Reddy for the 1,200-acre project in Tukkuguda, Ranga Reddy district. “The MoU signing ceremony will be held between 2 pm and 4 pm,” a CMO official told this correspondent.
HYDERABAD: Going by current indications, Hyderabad is all set to house Infosys' largest campus in the country. Even though negotiations are on, the Indian IT bellwether is likely to set up its second campus in the city spread over 400-700 acres at Maheshwaram, close to the upcoming international airport.
There is lot of euphoria in Andhra Pradesh, particularly in government circles, over the selection of Hyderabad as the location of the $3 billion Fab City for the manufacture of microprocessors and semiconductors. Official drum-beaters claim that Chief Minister Y.S. Raja-sekhar Reddy outbid his predecessor — the IT-savvy N. Chandrababu Naidu — and pulled off a “coup” by snatching the Fab project, billed as India’s first electronic hardware complex, from India’s now-declining ‘Silicon Valley’ — Bangalore.
Despite a four per cent reduction in stamp duty collected for the registration of properties, the Stamps and Registration Department is expected to increase its revenues by Rs 700 crore over the previous year.
Hyderabad, Feb. 12: The traffic police and the Municipal Corporation of Hyderabad have decided not to allow pushcart vendors and hawkers, estimated to number about 4 lakhs, on the city’s roads and confine them to special zones. The move is designed to clear city roads, though it will mean that people, particularly working women, on their way back home will need to walk a little longer to pick up vegetables and fruits.
Hyderabad will have another landmark in the proposed business district on the outskirts of the city. It will be either a single 60-storey trade tower, the first to reach such heights in India, or more than two towers of 30 to 40 floors each.The Andhra Pradesh government had initially planned twin towers on the lines of the World Trade Centre, but dropped the plan in view of the tragic overtones associated with such a design,"We are studying proposals for having either a 60-storey tower or more than two towers, each with 30 to 40 floors," AP Industrial Infrastructure Corporation managing director B.P. Acharya told this correspondent.The towers, to be located at Manchirevula village, will cater to the IT industry, other business areas and even the stock market, he said.The government had first thought of constructing the trade towers three years ago when a group of non-resident Indians from Australia proposed the project. At that time, the business district was to be located on the premises of the old Gandhi Hospital near Secunderabad railway station. The government finally selected Manchirevula because of its proximity to the international airport at Shamshabad and the Outer Ring Road passing by the village.The government has issued orders (G.O. Ms No. 269) handing over the project to the APIIC. The Ranga Reddy district authorities have already handed over 100 acres of land in surveys number 283 and 311 to the corporation to prepare the groundwork.The corporation has appointed Bangalore-based Venkataramana Associates and a Malaysian firm to work out the business district concept. They have been asked to prepare different modules of which one would be selected.Mr Acharya said the architects are expected to come out with the concept and master plan within two months. In the meantime, the corporation will lay approach roads to the site. Though the project is to be located beside the Outer Ring Road, it will take three years to come up.Once the design is complete, the corporation will select a developer to build the business district.
Hyderabad, Feb. 10: Telugu Desam president N. Chandrababu Naidu on Friday claimed credit for SemIndia choosing the city to set up its $3billion Fab City, inviting a furious reply from the Congress. Mr Naidu said the achievement was the result of his efforts to improve infrastructure and place the city on the international map. “We had taken several initiatives because of which investors are coming in now,” he said.
Hyderabad/Bangalore, Feb. 9: Hyderabad beat Bangalore and grabbed the $3 billion Fab City, India’s first electronic hardware manufacturing complex. Companies at Fab City will manufacture a range of products from microprocessors (chips) and semiconductors to consumer electronics. The announcement that Hyderabad would get the project was made in Bangalore by Union IT and communications minister Dayanidhi Maran. He scooped the AP government which was waiting for the Centre to make changes in the IT policy to provide incentives for hardware manufacturing units.
Hyderabad, Feb. 1: The State government will make Vijayawada the third focused destination for information technology after Hyderabad and Visakhapatnam. The city will get an IT tower and a special economic zone park soon, the State Cabinet decided on Wednesday.
PortalPlayer Inc., a leading supplier of semiconductor, firmware and software solutions for personal media players and secondary display-enabled notebook computers, has announced that Hyderabad will be the base for its Indian operations.The new facility at IT Park Layout in Nanakramguda Village, AP is designed on five acres of land and can support up to 300 employees. It is expected to be ready by October 2006."PortalPlayer Hyderabad houses some of the brightest engineers in the world working on portable multimedia technology," said J.A.Chowdary, President & MD, PortalPlayer subsidiary, Hyderabad. "This new facility will enable us to double in size, adding to our talented group of software, firmware, and semiconductor engineers."
Hyderabad: Andhra Pradesh Chief Minister Y.S. Rajasekhara Reddy Sunday invited US-based Dell Inc, the world's largest maker of personal computers, to set up its manufacturing facility in this southern city.The chief minister urged Dell CEO Kevin Rollins to set up the proposed unit in Hyderabad and promised to extend all possible assistance.The chief minister extended the invitation during the inauguration of the company's new campus at Hitec City, a hub of IT companies on the city outskirts.Rollins is expected to make a formal announcement about setting up a manufacturing base in India during his visit to New Delhi Monday.Dell officials participating in the World Economic Forum in Davos, Switzerland, had said Saturday that the company planned to set up a manufacturing unit in India.The 500,000 square feet campus, which has come up on 6.6 acres of land, has state-of-the art training labs and employee amenities such as a cafeteria, recreation rooms and a gymnasium."We have a strong team in Hyderabad committed to supporting our customers' needs," said Rollins."This team is helping grow Dell's global business, and strengthen our presence in Hyderabad and in India. Our new building is a monument to their achievements and a symbol of the great successes yet to come."The facility will house Dell's customer contact centre operations and a global development centre for IT projects that enable the company to deploy technology for competitive advantage and expand its business worldwide.These operations are currently being conducted from Dell's leased facility, also located in Hitec City, which opened in 2003.Reddy, who had laid the foundation stone for the new campus in December 2004, was all praise for completing the campus in a short period.The Hyderabad customer contact centre, opened in 2003, employs 3,000 people and offers businesses of all types of multiple services, including sales, customer care, technical support, e-mail support and global financial services.It is Dell's second of the three such centres in India; the first was in Bangalore in 2001. In March 2005, Dell set up its third centre at Mohali.The $53-billion IT major employs about 10,000 people in India.
Over 20 million square-feet of office space to accommodate IT and software companies will be built by private IT park developers in the next three years in Hyderabad.
The stamps and Registration Department has launched a special drive to clear documents kept unregistered with the district and sub-registrar offices for various reasons. The drive, which will be in force till end of March, will provide an opportunity for property holders to clear the hurdles and get their property registered. In Hyderabad district alone, there are 1,593 documents involving properties worth Rs 30 crore which have been kept unregistered either with the district registrar office or sub-registrar offices under its purview of which some documents are pending since 1976.
Kolkata, Jan. 18 (PTI): Srei Infrastructure Finance Ltd and its consortium has been shortlisted for the mega Rs 4300 crore integrated Mass Rapid Transport System (MRTS) in Hyderabad."The Srei-led consortium has been shortlisted by the Andhra Pradesh government for the Hyderabad metro rail project," Srei official spokesperson said.A total of 16 bidders had submitted an _expression of interest (EoI) and the deal is likely to be finalised by the month end.According to available information, two companies have been shortlisted but no official version could be got.The Srei consortium consists of Essar Construction, Singapore Technologies and SMRT Corporation.The project will select bidder on built, operate and transfer (BOT) basis and a total 59.45 kms will be covered in the first phase.The project would take almost three years to construct and implement the first two corridors and another two years for the third corridor.As per estimates 11.11 lakh commuters would use the MRTS per day in 2008, which will increase to 12.21 lakh commuters per day by 2011.The fare for the system was fixed at Re 1 per passenger per km for an initial distance below 2 km the fare is Rs 5 per passenger.The Andhra Pardesh government had contemplated launching MRTS to overcome the increasing pressure of population and transport bottlenecks.
Special CorrespondentChief Minister pledges Government's full support to the ambitious project# Chief Minister Y.S. Rajasekhara Reddy inaugurates the conference# Awards instituted by the Society for Aerospace Quality and Reliability presented# Chief Minister Y.S. Rajasekhara Reddy inaugurates the conference# Some 100 units are expected in the proposed park with a total investment of over Rs. 250 crores# Awards instituted by the Society for Aerospace Quality and Reliability presentedHYDERABAD: An Aero Park, catering to aerospace and aeronautics requirements, is proposed to be established near the Hyderabad International Airport under the aegis of the Federation of Andhra Pradesh Small Industries Associations.This was stated by V. L. N. Reddy, president of the federation, while talking to reporters on the sidelines of a three-day international conference on "Quality and Reliability in aerospace systems and exhibition" here on Sunday.Earlier, inaugurating the meet, Chief Minister Y.S. Rajasekhara Reddy declared the Government's support to the aero park project after receiving a memorandum on the proposal. Welcoming the need for setting up the park, he said he was convinced that the Government should take the lead in this regard.Launch in a yearMr. V.L.N. Reddy said the project was expected to take off in a year's time and the details would be worked out with various government departments in about 10 days for allotment of 200 acres. Hyderabad had emerged as a major centre in the production of various components and sub-systems required for aerospace projects by more than 60 units, with an annual turnover of around Rs. 150 crores.He said that about 100 units were expected in the proposed park with a total investment of about Rs. 250-300 crores.Call to industryIn the memorandum, Mr. Reddy pointed to the huge growth opportunities for the aerospace and aeronautical industries in the country and said 70 per cent of MiG and SU-30 components and electronic sub-systems were being outsourced to industries, mostly in the State.The Chief Minister expressed confidence that the growth rate in all sectors would cross the double-digit mark in the near future and called upon the industry to be part of it. He urged more industries to set up units here.Later, he presented five awards instituted by the Society for Aerospace Quality and Reliability (SAQR).Tourism and Industries Minister J. Geetha Reddy later inaugurated an exhibition organised in connection with the event.Chief Controller (R&D), Defence Research and Development Organisation and president of the organising committee, V. K. Saraswat, said innovation would play a vital role for future systems, which would be required to have zero defect and least manual inspection.Prahlada, Chief Controller (R& D), DRDO, welcomed. Rajendra Prasad, chairman of the committee, spoke.
Special CorrespondentChief Minister directs officials to work out details such as powers of new body# Decision emerges from review meet chaired by YSR# Formal announcement likely soon# To begin with, the metropolitan area will be extended up to Outer Ring RoadHYDERABAD: The Government is proposing to constitute a higher city planning body, Hyderabad Metropolitan Development Authority replacing the Hyderabad Urban Development Authority to ensure proper growth of the twin cities and peripheral areas.A decision in this regard was taken at a review meeting on urban planning chaired by Chief Minister Y. S. Rajasekhara Reddy at the Secretariat here on Monday. It was attended by Municipal Administration Minister K. Ranga Rao and top officials of the department. Dr. Reddy asked officials to work out details, including powers and functions to be allotted to the new body. The Government is expected to announce the constitution of the new body soon.`Special efforts needed'The meeting felt such a body was required as Hyderabad has become a mega city like Delhi, Mumbai and Chennai in terms of the extent of the area under its jurisdiction and population. "It needs special efforts to see that there is systematic growth and civic amenities are provided accordingly.Metropolitan development authorities have already been formed for Delhi, Mumbai and Kolkata," Mr. Ranga Rao said. S. P. Singh, Principal Secretary, Municipal Adminitration, told The Hindu later that the under the proposal, assets of the HUDA, its establishments and staff would be shifted to the new body which would have more powers and functions in dealing with the "phenomenal growth" of the urban agglomeration.Initially, the plan was to extend the metropolitan area up to the Outer Ring Road presently under implementation.Mr. Singh said relevant legislations such as the Municipal Corporation of Hyderabad Act and the Andhra Pradesh Municipalities Act would be amended suitably to facilitate the constitution of the "higher body."
Our Regional Bureau / Hyderabad January 17, 2006
Hyderabad, Jan. 17: The Hyderabad Urban Development Authority is all set to enhance the fees collected with regard to formation of layouts and construction of buildings, increasing the burden on the average property-buyer. Officials said that Chief Minister Y.S. Rajasekhar Reddy gave the go-ahead to Huda’s proposals during his meeting on Monday with officials of the municipal administration and urban development department and Huda. The Chief Minister approved the setting up of the Hyderabad Metro Development Authority during this meeting.
Six firms may create job opportunities for 21,000 in HydOur Regional Bureau / Hyderabad January 11, 2006The Andhra Pradesh government has allotted 65 acres of land to six IT companies in the proposed software SEZ at Popalguda near Hyderabad.Apart from this, the government has allotted 10 acres of land to Zen Technologies Limited in the hardware park near the upcoming international airport. Similarly, the state government has given 13 acres of land to five companies in Visakhapatnam.Disclosing this here today, Ratna Prabha, secretary, IT & communications, said the MoUs with all these companies would be signed on the basis of their proposed investment and employment potential.The companies that have secured land to set up their own facilities in Hyderabad include Cbay Systems (India) Private Limited, Patni Computer Systems Private Limited, Cognizant Technology Solutions, Sonata Software Limited, DQ Entertainment Limited and Conexant.Patni Computers, which has promised to provide over 10,000 jobs with a proposed investment of Rs 160 crore at its Hyderabad facility, has got 30 acres while six companies have got land ranging between three acres and 11 acres.According to Ratna Prabha, the combined investment proposed by these six companies in Hyderabad is Rs 405 crore while the projected employment figure is about 21,000.The land allotted to companies in Vizag include IIC Systems Private Limited, IIC Technologies Limited, Metaminds Software Solutions Private Limited and Infotech Enterprises Limited. The combined investment proposed by these five companies is Rs 42.9 crore and the projected number of jobs is 1,300, the IT secretary said.
AFTER years of focus on software services and ITES companies, the State Government is now turning attention to the hardware sector. The State Government has identified 1,200 acres of land for promoting the hardware sector to woo companies, along with plans to locate few special economic zones for IT companies. The Chief Minister Dr.Y.S. Rajasekhara Reddy, said this separate facility would be complemented with support infrastructure that would attract companies to look at Andhra Pradesh for setting up hardware facilities. Speaking at the inaugural session of the three-day Gitex expo, the fifth edition of the flagship IT event here today, Dr Reddy said the State believes that its focus on strengthening infrastructure such as airport, outer ring road and creation of special zones while providing dedicated supply of power, would help woo more companies and thereby help the State scale up from the current fifth slot in overall IT and ITES exports. The Prime Minister, Dr Manmohan Singh, has initiated work on the Rs 3,000-crore outer ring road project, and work on the satellite townships would begin shortly. This, coupled with the focus on strengthening the manpower base, would be a compelling proposition for IT companies. The ongoing initiatives will be complemented by an international airport and a Metro Rail System, to be completed within 3-4 years, making Hyderabad an ideal destination for both software and hardware. Even though the State churns out a large number of engineers and is a base for talent pool, all of them are not industry ready. This calls for special focus on fine-tuning their skills. The Jawahar Knowledge Centres seek to bridge this gap. IBM has also partnered with the Jawahar Knowledge Centres providing software and tools and valuable inputs and the contributions of companies like Satyam Computer Services Ltd, in reaching out education, and also locating remote processing centres in noteworthy. "We expect soon other companies would follow suit," he said....
Hyderabad, Jan. 11: Patni Computer Systems Ltd. will be setting up a campus in Hyderabad to expand its telecommunications software, and other verticals, development, Neeraj Gupta, head of Patni’s telecom business unit, said on Wednesday. Speaking to this newspaper after signing an MoU with the State government for the campus, Mr Gupta said Patni Computer Systems would be investing Rs 500 crores in the Hyderabad operations in a phased manner.
Hyderabad, Jan. 11: Chief Minister Y.S. Rajasekhar Reddy on Wednesday exhorted software exporters from Andhra Pradesh to catch up with their Karnataka counterparts. Speaking at the inauguration of the Gitex India 2006 technology exhibition here, Dr Reddy said, “The target for 2006 is to better 65 per cent growth in IT exports from the State that we had last fiscal. The target this year should be 70 per cent.”
New company formed in AP to handle the infrastructure and new developments.