Daily Archive: February 15, 2017

Global Mid size companies keen on Strategic Tie-ups with India

 

An exclusive symposium organized by India Law Offices (ILO) & Confederation of Indian Industry (CII) in the Capital today witnessed over 100 companies from 20 countries exploring strategic partnerships with Indian companies.

It was an interesting mix of developed as well as developing nations, discussing and exploring tie-ups with their Indian counterparts. The delegation saw participation from varied industry sectors viz., Solar & Hydro Energy, Dairy, Construction Equipment, Agriculture & Processed Food, Aviation, Textile, Automotive, IT & Infrastructure, etc. keen on Joint ventures and investment in the country.

“An economy grows only when its Small & Mid Market segment grows. With this initiative to fuel the Mid Market growth in India, we have organized today’s symposium which has participation from more than 20 countries like Germany, Canada, Italy, Greece, Austria, New Zealand, Cyprus, China, Lithuania & Kazakhstan, etc”, said Mr. Gautam Khurana, Managing Partner, India Law Offices (ILO). Having offices all over India and partner Law Firms in over 30 countries, ILO is among India’s leading  Corporate Advisory Law Firm.

Present on the occasion was Mr. Atul Chaturvedi, Additional Secretary, DIPP, Ministry of Commerce & Industry who apprised the gathering on FDI Policy of India & its Future Trends & Expectations.

Mr. Ajit Seth, Ex Cabinet Secretary of the Republic of India addressed the gathering and shared how India has progressed over the years and how the country is striving to become one of the best economies in the years to come.

“India has emerged as one of the most attractive destination not only for investment but also for doing business in the recent years. One of the fastest growing economies in the world which has not only sustained global downturn of 2008-09, India is slated to grow at consistently higher rates during next few decades”, added  Mr. Madhav B Shriram, Chairman – CII Delhi State, and Deputy Managing Director, DCM Shriram Industries Limited.

Lubrizol and Finolex Industries Limited Join Hands to Process FlowGuard® Branded CPVC Pipes and Fittings in India

 

 

CLEVELAND and Pune, INDIA, February 15, 2017 – The Lubrizol Corporation, inventors and the largest manufacturers of CPVC compound worldwide, and Finolex Industries Limited, the leading  PVC pipes and fittings manufacturer in India, today announce the signing of,  FlowGuard® Processor agreement for the manufacturing and sale of Finolex FlowGuard® Plus pipes and fittings in India. The product will be launched in the market by Finolex Industries Limited in the last week of March 2017 and will cater to the building and construction industry.

 

“Lubrizol is dedicated to supplying the highest quality CPVC compounds to service the Indian hot & cold water plumbing markets,” explains Matthew Timmons, Managing Director, Lubrizol Advanced Materials India Pvt. Ltd. “Our partnership with Finolex Industries highlights the need and importance of quality CPVC pipes and fittings made from time-tested CPVC compounds provided by Lubrizol. Since January 2016, we have been manufacturing these world quality materials from a state-of-the art plant in Dahej, Gujarat. Our association with Finolex will further strengthen FlowGuard’s commitment to delivering reliability in India through Finolex’s wide spread network in the country.”

 

Timmons continues, “Since we introduced FlowGuard to the Indian market, we remained committed through our support of processors who continue to benefit from our more than 50 years of expertise in manufacturing and compounding.  Additionally, with the government’s recent focus on housing for all, the infrastructure status given to real estate, loans offered at cheaper rates, introduction of the Real Estate Regulatory Act (RERA), GST & many other initiatives, the need for quality products to be used in the country is greater than ever.”

 

Lubrizol introduced the resilient CPVC material into India nearly two decades ago. Since then, India’s plumbers, engineers, builders and consultants have been reassured by the only material of its kind to be designed and approved to meet all global standards.

 

Prakash Chhabria, Executive Chairman of Finolex Industries Limited expressed his views on the special occasion, saying, “We are committed to strengthening the plumbing industry through our association with Lubrizol falls in line with the culture of Finolex Industries in providing quality products ‘Made in India’ for the Indian market. We are confident about Lubrizol’s global expertise in compounding and appreciate the work done by them in changing the plumbing industry from metal-based to CPVC–based piping.  With FlowGuard’s raw material and support, our track record of providing superior products for Indian market gets strengthened. We look forward to a successful partnership.”

Asahi India Glass Ltd. enters Retrofitting market with the launch of AIS Renew

Delhi, 10th February, 2017: Asahi India Glass Ltd. (AIS) has entered the glass replacement and retrofitting market by introducing AIS Renew in India. It is a revolutionary solution which converts a Glazed Unit (SGU or IGU) into an energy-saving Insulated Glazed Unit (IGU) by installing Low-E glass from the inside. The installation procedure is very quick and does not require any scaffolding which makes it an ideal solution for energy-saving renovations in existing buildings.
Mr. Vikram Khanna, COO – Architectural Institutional Business, Chief Marketing Officer (CMO), Asahi India Glass Limited said “Global Market size of Retrofitting & Replacement of Glass is estimated as 40% of glass used in construction/architectural segment. The government in developed countries provide incentives (in terms of tax benefits) to the building owners for retrofitting for the purpose of reducing energy consumption and increasing the green rating of the building. In India, glass retrofitting is at a very nascent phase. With an increase in awareness about the carbon footprint, it is expected that retrofitting old buildings by incorporating energy efficient glass solutions will drive the market for replacement glass. AIS has introduced AIS Renew to address the need of glass retrofitting in India.”
AIS Renew provides the benefit of reducing the heat gain in buildings due to its excellent energy saving properties without compromising on the natural light coming inside the building or the brilliant aesthetics that add value to the façade. And in winter, they ensure solar gain. So that no matter what the season, people inside stay comfortable at all times. It helps in cutting energy costs by reducing load on air conditioners and cutting down on artificial lighting.

Emaar India gets Clearance Nod to handover The Palm Drive

 

– Company expedites execution with army of 10,000 labourers at project sites –

 Gurugram, 15th February 2017: Emaar India, the iconic brand and leading global property developer, today announced the receipt of Occupancy Certificate (OC) for the second phase of its premium luxury project The Palm Drive located on Golf Course Extension Road in Sector 66, Gurugram. This is the third project delivery in as many months by Emaar India, which is presently focused on rapid execution and seamless delivery of all its ongoing projects.

 

Emaar India has received Occupation Certificate for 378 units in Premier Terraces, Palm Studios, and Palm Terraces, which are part of The Palm Drive project. Earlier, the Company had delivered more than 500 units of Sky Terraces, Premier Terraces and Garden Terraces, along with the luxurious Clubhouse having premium recreational facilities, and 262 EWS units, in The Palm Drive project. Around 300 families have already moved in the project, which is spread across 37 acres and comprising of 1460 units, and are experiencing the state-of-the-art living on offer.

 

This is another noteworthy milestone in our endeavour towards swift delivery & handover of all the ongoing projects, and we are pleased to share it with our customers. We are happy that our focused efforts to fast track all the projects are yielding results, as we aim towards delivery of 3,000 residential units by the end of 2017.”, Mr Sanjay Malhotra, Chief Executive Officer, Emaar India said.

 

Emaar India has recently delivered Emerald Hills in Gurugram, and The Avenues and Grace at Esplanade in Chennai. While the realty market across the country is undergoing testing times, Emaar India has renewed its commitment to fast-track all ongoing projects by revamping its entire project management team. Additionally, more than 10,000 labourers are working at various sites of the developer presently, and the company aims to increase this workforce significantly at various projects.

 

Notably, The Palm Drive has garnered several accolades from the industry for its premium design and lifestyle quotient, and also holds the unique distinction of being the first residential project to be delivered on the Golf Course Extension road. It has also won the Realty Plus Excellence Award for ‘Luxury Project of the Year’, and the DNA Real Estate & Infrastructure Award for ‘Residential Project of the Year’.

UM Motorcycles rides to Le Corbusier’s Chandigarh, inaugurates its first dealership in the state of Punjab

UM Lohia Two Wheelers Pvt. Ltd – the Indian arm of the American motorcycle maker UM International, LLC — along with Lohia Auto today entered the land of five rives – Punjab as it opened its first dealership in the state capital Chandigarh. The dealership located at Jindal Agencies Pvt Ltd,Plot No 5, Industrial Area, Phase1, was inaugurated by Mr. Rajeev Mishra, CEO – UM Lohia Two Wheelers Pvt. Ltd, in the presence of Mr. Shubham Garg Director,UM Royal Punjab and other dignitaries and guests. The state of the art dealership located at Chandigarh is spread over a total of 2200sq. ft; which includes an area of 1500sq. ft for sales & service support. Customers will have access to the entire range of UM merchandise and accessories as well. The company further shared that the recently announced 24×7 Roadside Assistance Programme(RSA) will also be available for all customers of the city immediately.

 

Speaking at the launch, Mr. Rajeev Mishra, CEO – UM Lohia Two Wheelers Pvt. Ltd, said, “Chandigarh as we all know is India’s best planned city which boasts of well maintained, beautiful roads. Additionally its close proximity to the mountains makes the city an ideal playground for motor heads and nomads alike. Moreover Chandigarh is known for its automobile culture, and we’re confident of getting an excellent response from this city. We have been working very hard to create motorcycles that engage with the rider and offer a balance between ergonomics and performance. We’re hoping this dynamism is something even the customers feel.”

100 VINTAGE CARS RACE AT BUDH INTERNATIONAL CIRCUIT ON FEBRUARY 19

Saurabh Shrivastava Tennews

 

Noida gears up for 21 Gun Salute Vintage Car Rally & Concours show to be held this weekend

 

Greater Noida: 15th February 2017 : A royal rendezvous with hand-picked Vintage and Classic cars and motorcycles is all set to take us down the memory lane as the 7th  edition of the 21 Gun Salute Vintage Car Rally and Concours Show is back. This magnificent vintage car rally of country poised to be on Global Vintage Rallies map is geared to create a weekend of nostalgia and excitement. The 7th edition of the show will showcase National & International rare & premium Vintage Cars.

Addressing a Press Conference Mr. Madan Mohan, Founder & Managing Trustee, 21 Gun Salute Heritage & Cultural Trust said “On 19th of February, the legendary 1912 Rolls Royce Silver Ghost, 1967 Phantom 5, 1922 Moon, 1927 Lanchester and 1933 Cadillac V12 7 Passenger Limousine along with other finest handpicked vintage Cars will race on the Buddha International Formula 1 racing track, Greater Noida.”

 

“The vision of the event is to bring India forward, as a world-class global motoring tourism destination. We have on board several Indian & International vintage & classic car owners along with esteemed royal families, who will be bringing their prized possessions, to participate in this milestone event. Great food, amazing music and lots and lots of vintage & classic cars/bikes will make this event – a truly magnificent affair to remember”

 

Confirming participation from USA, France, Germany, Italy & U.K. Mr. Madan Mohan said, “The 7th edition of 21 Gun Salute International Vintage Car Rally & Concours show is probably the only event, where cars will be coming across boundaries of the Indian subcontinent.” We welcome you to experience majestic status, power, identity and incomparable beauty amidst many vintage & classic cars, through this mega event”.

 

On 19th February morning , the rally will be flagged off from historic- INDIA GATE- August Kranti Park, moving Straight towards RASTRAPATI BHAWAN, then on to PURANA QILA ROAD & then Continue Straight following the Mahatma Gandhi Marg – Budha Temple – DND Toll, then moving towards Greater Noida, the rally will continue straight towards Ambedkar Park – Following Greater Noida Express Way towards Sports City ( B.I.C ), the rally will culminate at the Subway (Gate no- 1) for Buddha International Circuit, Greater Noida.

 

All 100 vintage cars will participate in a 2-lap ceremonial drive after which exciting races on the Formula-1 track will be held in the Pre war, Post war, Edwardian and Classic Vintage car categories. Apart from the race, several cultural dance forms will also be displayed on the racing track showcasing the diversity of India.

 

“Every year, as a tribute to the golden era of the automotive industry, we organize this International Vintage Car Rally & Concours Show & this year, on the 17th and 18th of February, 2017 the display of Vintage/Classic Cars & Concours Show at the India Gate, will be inaugurated in the presence of stalwarts of the corporate world, Vintage Car aficionado across the globe and erstwhile Maharajas. We have received great support from International Tourism Boards & the Ministry of Tourism and Hon’ble Minister of State, Culture and Tourism (Independent Charge) and Civil Aviation.” Says Mr. Mohan

 

The spectacular vintage & classic cars will be accompanied by around 20 bikes from all over the world and the exclusive Maharaja Cars, gripping musical & dance performances along with presence of royalty and great Indian food – certainly takes this occasion to the hilt.

 

Besides, showcasing the rich automotive heritage to the world, the rally has takes up a social cause every year. Previous editions have supported for example the welfare of spastic and blind children, ‘Save the Girl Child’ etc. Keeping with this tradition, the 7th edition will support the welfare of spastic children.

 

Conceptualized by Mr. Madan Mohan – one of the country’s biggest vintage car collector, the 7th edition of the 21 Gun Salute Vintage Car Rally & Concours Show, apart from being a fun festive and a revolutionary event, is all geared to make its way for India to become a world-class destination on the global motor tourism map!