IL&FS Clusters is in talks with the governments of Orissa and Andhra Pradesh for developing industrial infrastructure in these states. At present, the group is working closely with the Karnataka government in the textiles sector
IL&FS Clusters Development Initiative Ltd plans to explore infrastructure development options in the states of Orissa and Andhra Pradesh. The company is in talks with the respective governments for developing industrial infrastructure for specific sectors. The company is already working with the Karnataka government to develop infrastructure for the state’s textiles sector.
“We are in talks with a few other states for working out things in a similar way like Karnataka. We are looking at states like Andhra Pradesh and Orissa,” said Girish Kamath, senior manager, IL& FS Cluster.
IL&FS Clusters is currently working with the Karnataka government on developing the industrial infrastructure for the textiles sector in the state. The group also has various other cluster-based projects all over the country. It is working with the ministry of textiles for developing integrated textile parks. “Out of around 45 planned parks, IL&FS is providing assistance to 33 of them,” added the official.
While, the group’s primary dominance has been in the textile and food-agro sectors, it also plans to explore other sectors. In Orissa and Karnataka, new sector opportunities, depending upon their predominance in the state, will be explored.
“We are looking at whether it should be a holistic model or some specific model (specific to a particular sector dominant in this state),” stated the official.
Apart from these sector-specific projects, the group also plans to bid for urban centres to be developed in different parts of the country. These government-initiated projects would be region-specific and not sector-specific.
“They (the government) have issued advertisements asking for private participation in developing infrastructure in the rural areas; we would be responding to them. Each project would require around Rs150 crore to Rs200 crore of investment. The government is planning around ten such projects,” said RCM Reddy, managing director, IL&FS Cluster Development Initiative Ltd.
Last year, Big Bazaar recorded sales of Rs700 crore. This time the Group is targeting growth of over 20% and sales of up to Rs850 crore
Kishore Biyani-promoted Future Group on Monday said it expects sales worth Rs850 crore during the month-long shopping festival at its stores, which began last week, reports PTI.
The Group also said it expects to attract over 2.75 crore bargain hunters at its 1,000 outlets across India during 'The Great India Shopping Festival'.
The festival, which began 16th April and will go on till 17th May, covers all Future Group stores, including Pantaloons, Big Bazaar, Central, Hometown, Food Bazaar and Brand Factory.
"Last year, during the first edition of the festival, we recorded sales of Rs700 crore. This time we are targeting growth of over 20% and total sales of up to Rs850 crore at our group's outlets," Big Bazaar business head for North Zone, Vineet Jain said.
He said the Group is also aiming to increase footfalls (number of customer visits) by over 20% during this year's festival.
"During the month, we are targeting footfalls of 2.75 crore, against 2.50 crore customers during last year. As the market condition currently is much better compared with last season, we expect a major boost in both demand and sales," Mr Jain said.
The festival, which was started last year by the Rs10,000-crore group, includes special discount offers, besides customer interactive programmes like food sampling, lucky draws and beauty contests.
"It also offers us an opportunity to amalgamate our shopping formats, which is part of our group's recent focus area. Besides, the customer engagement programmes allow our brands to be more recognisable," he said.
Future Group had last year announced plans to invest Rs3,000-Rs4,000 crore to more than double its retail space to around 24 million sq ft by 2013-14. This is part of its ambitious effort to increase revenue to Rs25,000 crore during the period, from Rs10,000 crore in 2008-09.
The Daimler-Renault-Nissan tie-up signals the death of the concept of a motor vehicle’s brand association with a particular country
The big news for the fortnight in the motoring world has to be the Daimler-Renault-Nissan tie-up. Internationally, what this achieves is cross participation in equity between them, as well as sharing in resources for further research, development and production. On the domestic front, it gets even more interesting. M&M has Renault withdrawing from the Logan, which said car was a bit of a non-starter in India. Ashok Leyland (Hindujas) will move deeper in with Renault-Nissan, though how that will impact the traditional relationship between Tata Motors and Daimler remains to be seen.
But it is the complete concept of a motor vehicle’s brand association with a particular country that this tie-up finally throws out of the window. Although it’s been a while coming, it has been visible to all of us on our streets ever since Maruti-Suzuki evolved into an Indian brand worldwide, regardless of where the cars were actually built—India, Europe or Japan. Now this concept goes global in a big way. General Motors has Daewoo, Ford has Chinese friends, Daimler was American but is now French, Japanese and much more; and everybody wants to sell more in India and China.
So we will have luxury cars from Nissan and small economy wheels from Daimler, badged any of a dozen options. And most interestingly, if grapevine is to be believed, some sort of massive global tie-up seems to be in the offing for another small car. The Tata Nano appears to be a tough act to beat and is currently proving its paces in parts of the world which were traditionally "home" markets for the colonial-era manufacturers from Europe.
This is worrying them, especially in Africa, because despite domestic reports on a few Tata Nanos catching fire here and there in India, this small car is rapidly evading the walls blocking it and running into the multiple open doors of success.
If growth in India is in the private-taxi business, then the Nano has already reached into the space till now occupied by three-wheeler auto-rickshaws. This correspondent has said it before, and reiterates it here—the Tata Nano will do to cheap local public transport what the Tata Ace did to short and small cargo movement. It will revolutionise it like the Vespa scooter did decades ago.