Bhuj will now have the world’s second largest single-location facility for high-grade speciality bleaching clay following the doubling of the plant’s capacity by Ashapura Volclay Limited (AVL), which is part of the Ashapura Group.
The operations of the new unit has commenced and the new capacity will cater to the additional demand that is being generated from the edible oil refineries from across the world.
"Speaking at the inauguration, Mr Chetan Shah, managing director, Ashapura Group, said: "The Ashapura Group has always focused on adding value-added lines of production to the value chain and the latest addition of capacity is in line with the group’s strategy of offering value-added and critical products to cater to the Indian and global customers."
"We are committed to be part of the growth of Kutch region and we are pleased to add additional capacity here, which would cater to the ever-increasing demand from our customers," he added. Commenting on the occasion, Mr Tanuj Roy, chief executive officer, Ashapura Volclay Limited, said: "Increasing edible oil refining capacities across the globe and the growing demand for premium quality products were the prime factors for doubling the capacity. We are confident of meeting the additional demand through the augmented capacity."
While the domestic market for bleaching clay continues to grow at double digit the global market for the product is nearly 800,000 MT. The company said it has already received advanced orders for clay catalysts produced from this expanded capacity from International markets like Thailand, Taiwan, USA and the UK. AVL’s clay catalysts are a 100 per cent import substitute to clays currently being imported from USA and Germany.
Bhuj to have world’s 2nd largest unit
May 10, 2006, 10:21 amNIIT will soon expand IMS
May 10, 2006, 10:20 am
NIIT Technologies Limited, the global IT solutions provider with a strong profile in the financial services, retail and transportation sectors, will be focusing on the remote infrastructure management services, investing in the creation of offshore facilities for the segment, Mr Arvind Thakur, CEO of the company, said on Tuesday.
Speaking to this newspaper, Mr Thakur said NIIT Technologies had identified IMS, in which the technology infrastructure of clients is managed remotely, as an emerging segment. "We have set up an IMS centre in Bangkok, Thailand, and will be setting up data centres in Mumbai and New Delhi," Mr Thakur said a day after NIIT Technologies announced that it acquired a controlling interest in ROOM Solutions, a United Kingdom-based insurance solutions provider.
Mr Thakur said that while application development and maintenance had formed the first wave of offshoring and BPO the second, IMS was an important segment of the third wave. "Some research has estimated that IMS will be a $75 billion opportunity, so NIIT Technologies is investing financial and human resources in developing expertise in this segment," he said. He, however, declined to quantify the investments.
However, NIIT Technologies will continue develop and grow the areas it has been traditionally strong in like BFSI, retail and travel and transport sectors. "Retail is just beginning to emerge as a huge segment in India and we are working with some of the larger retailers, developing technology for them," he said.
Mr Thakur said the acquisition of ROOM Solutions would cost $25 million. The UK-based company’s revenues would be reflected in NIIT Technologies’ balance sheet from the first quarter of 2006-07, he said.
Speaking to this newspaper, Mr Thakur said NIIT Technologies had identified IMS, in which the technology infrastructure of clients is managed remotely, as an emerging segment. "We have set up an IMS centre in Bangkok, Thailand, and will be setting up data centres in Mumbai and New Delhi," Mr Thakur said a day after NIIT Technologies announced that it acquired a controlling interest in ROOM Solutions, a United Kingdom-based insurance solutions provider.
Mr Thakur said that while application development and maintenance had formed the first wave of offshoring and BPO the second, IMS was an important segment of the third wave. "Some research has estimated that IMS will be a $75 billion opportunity, so NIIT Technologies is investing financial and human resources in developing expertise in this segment," he said. He, however, declined to quantify the investments.
However, NIIT Technologies will continue develop and grow the areas it has been traditionally strong in like BFSI, retail and travel and transport sectors. "Retail is just beginning to emerge as a huge segment in India and we are working with some of the larger retailers, developing technology for them," he said.
Mr Thakur said the acquisition of ROOM Solutions would cost $25 million. The UK-based company’s revenues would be reflected in NIIT Technologies’ balance sheet from the first quarter of 2006-07, he said.
Mistral opens new centre in Bangalore
May 10, 2006, 10:18 am
Keeping in line with its growth plans, Mistral Software, a Bangalore-based product realisation company, on Tuesday announced the launch of its new development centre in Hyderabad and said it would be raising funds in the next three months to fund inorganic growth and enhance focus on research and development and new markets.
Talking to reporters here, Mr Anees Ahmed, president and CEO of Mistral, said, "The Hyderabad development centre will be the second one after Bangalore. Mistral is on track to log in revenues of Rs 60 crores this year and if an acquisition is completed, that figure should rise to Rs 72 crores."
Some of its major international partners are Wind River, Sharp, Texas Instruments and Xilinx, while Bharat Electronics, Navionics, Bhel and ECIL account for the Indian defence clients.
The Hyderabad centre, set up with an investment of about Rs three crores, would take up defence-related projects from existing PSUs and target new product companies that are setting up operations in the state. However, after reviewing the projects coming to Hyderabad, "the investment in Hyderabad will be scaled up to Rs 8-10 crores in the next three years," Mr Ahmed said.
The Hyderabad facility can accommodate close to 100 people. On Mistral’s total headcount, Mr Ahmed said, "The company employs close to 300 people now and by next year, the figure should touch 450."
Talking to reporters here, Mr Anees Ahmed, president and CEO of Mistral, said, "The Hyderabad development centre will be the second one after Bangalore. Mistral is on track to log in revenues of Rs 60 crores this year and if an acquisition is completed, that figure should rise to Rs 72 crores."
Some of its major international partners are Wind River, Sharp, Texas Instruments and Xilinx, while Bharat Electronics, Navionics, Bhel and ECIL account for the Indian defence clients.
The Hyderabad centre, set up with an investment of about Rs three crores, would take up defence-related projects from existing PSUs and target new product companies that are setting up operations in the state. However, after reviewing the projects coming to Hyderabad, "the investment in Hyderabad will be scaled up to Rs 8-10 crores in the next three years," Mr Ahmed said.
The Hyderabad facility can accommodate close to 100 people. On Mistral’s total headcount, Mr Ahmed said, "The company employs close to 300 people now and by next year, the figure should touch 450."
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