1March 16-31, 2019 VIZAG INDUSTRIAL SCANRNI Certificate No.69375/98Postal Registered No.VSP-127/2018-20

A n I n d u s t r i a l F o r t n i g h t l y

w w w.v iscan. in

Industrial ScanVizag

ANNUAL SUBSCRIPTION Rs.999/-VOLUME 21 ISSUE 22, PAGES: 12 March 16-31, 2019

VIS News Service

The fiscal year of 2018-19 has been a

significant year for RINLthe corporate entity ofVizag steel plant. The firmrecently held a pressconference in the cityhighlighting itsachievements for the fiscal2018-19. The RINLcollective informed that allthe expansion andmodernization facilitieswere commissioned andavailable for operation andthat significant progresswas made on all the frontsbe it production, projects,

RINL exceeds 25%growth in sales

Turnover Highest since inception

marketing, personnelrelated issues, materialsmanagement or finance.

There has been agrowth of around 10 - 12%

in most of the productionareas, improvement in thecapacity utilization ofMills and improvement in

Karambir Singhnext CNS

VIS News Service

Govt. of India hasappointed Vice Adm

Karambir Singh, PVSMAVSM ADC as the nextChief of the Naval Staff(CNS) on superannuationof Admiral Sunil LanbaPVSM AVMS ADC onMay 31, 2019. Vice AdmKarambir Singh would bethe first helicopter pilot ofthe Indian Navy to beappointed as the CNS.

Vice Adm KarambirSingh, a native ofJalandhar, Punjab did hisinitial studies in variousschools across the countrywherever his father, whowas in the Indian Airforcewas posted. He finallygraduated from BarnesSchool, Deolali

Maharashtra beforejoining National DefenceAcademy, Khadakwasla. Commissioned into theIndian Navy in July 1980,Vice Admiral Karambirearned his wings as ahelicopter pilot in 1982and has flown extensivelyon the Chetak and Kamovhelicopters in support ofFleet Operations. He is a

Aditya Sabharwal

Oil marketing majorH P C L ’ s

modernization plans at itsVizag refinery is all set tobe commissioned by latenext year.

In a conversationto Vizag IndustrialScan Mr V Ratan Raj,HPCL’s chief generalmanager (I/c) Visakhrefinery stated ‘If all goesas planned ourmodernization projectshall be completed by thesecond quarter of 2020’.

Once all the plants are

HPCL VR expansion on track

commissioned the refiningcapacity of the Visakhrefinery shall increasefrom the current 8 mtpa to15 mtpa. Thisenhancement shall also

Contd. on Page 3

bring in 300 new jobs.The Visakh refinery’s

modernization project isbeing undertaken at amammoth cost of Rs21000 crores. Just recentlythe Vizag unit received twomajor equipments for itsmodernization works i.e.Crude & Vacuum columnsfor the CDU.

The Crude DistillationUnit (CDU) is one of theprocess units being set upunder this project inwhich the Crude &Vacuum columns are the

Contd. on Page 3

Over the past few yearsthe sun rise state of

AP has witnessed somesignificant investmentsfrom across a range ofindustries and sectors. Beit a leading tiremanufacturer, a globalautomotive manufacturer,paper and pulpmanufacturer, global ITcompanies, pharma cos thelist goes on of the investorsthat have put their faith inthe state of AP.

There is an industrialboom that has taken placein the sun rise state of AP’said a top governmentofficial to Vizag IndustrialScan. These mammothinvestments he sayswouldn’t have beenpossible without theleadership of Mr. NChandra Babu Naidu.

Industrialboom in AP

Capitalizing on the industrialuse of Ganja in AP

Aditya Sabharwal

Across the world therehave been calls for

legalizing the use ofcannabis with manycountries especially USA,Canada and otherEuropean countries havingalready gone ahead andapproved it for medicinaluse and in many cases alsofor recreational use.

Now it is the relativelyunknown cousin(industrial hemp) ofCannabis that is slowlygetting investor’sattention.

Industrial Hemp is

derived from the samefamily of Cannabis (oftenreferred to as Marijuana or

Ganja) but has differentproperties. It is from thevery cannabis plant that theflowers are used to extract

ganja while the stem(straw) has industrialapplications to it. Productsfrom Hemp like seeds, oil,fiber are expected to be amulti-Billion dollarindustry in a few years.‘While India is stillgrappling with the rules,the US, Chinese andEuropean governmentshave already legalizedfarming on hemp as longas the THC is below .3%’says Mr PradeepSabharwal founder T3TWellness Private Limited acompany engaged in

Contd. on Page 7

Contd. on Page 2 Details on Page:10

2March 16-31, 2019 VIZAG INDUSTRIAL SCANSteel Scan

Human Resources experts from public and privatesectors deliberated on a wide range of topics, case

studies, challenges and the latest trends in the HRprofession at the 40th Foundation Day of NationalInstitute of Personnel Management (NIPM), UtkalChapter, held at Nalco Nagar, Bhubaneswar recently.

HR experts meet on NIPMfoundation day

RINL exceeds 25% growth in sales Rae Bareilly Forged Wheel Plant project expected to be com-missioned by September’19

RINL is shortly going to sign an MOU with KIOCL for settingup a pellet plant at Visakhapatnam

Vizag steel continued to be used in major Projects likePolavaram Dam, Statue of Unity, Rohtang tunnel and MetroRail projects at various Metros

International operations commenced with the opening of theof IMO Colombo

Vizag steel has added another branch at Indore in addition toits existing 23 branches

Item  Growth (%)

Hot Metal 13%Finished Steel 10%Saleable Steel 11%Value Added Steel 34%

Contd. from Page 1

‘Need strong whistle blower policy’VIS News Service

Ministry of Steelorganized a two-day

Vigilance Conclave in NewDelhi recently. TheConclave was aimed atsensitizing the officials ofSteel PSUs on the basicprinciples and procedures tobe followed while takingimportant administrativeand commercial decisionsrelating to various functionsincluding procurements,contracts, personnel andfinance.

Inaugurating theconclave, Central VigilanceCommissioner Mr. K.V.Chowdary saidtransparency andaccountability are the cardinalprinciples of decision making. Hestressed upon having a stronginternal whistle blower mechanismin every organization. The CVC alsoemphasized that there are enough in-built safeguards in the law to protecthonest and upright officers.

Secretary Steel Mr. BinoyKumar, said that at times, lack ofknowledge and awareness of goodpractices result in flouting of rulesand procedures, which can beavoided. He impressed upon theparticipants to understand thenuances of vigilance administration

to facilitate their working.Joint Secretary and CVO of the

Ministry of Steel Ms. RuchikaChaudhary Govil said said the aimof organizing the conclave is to helpreduce opacity, delays anddiscretions, which often result inmatters being embroiled invigilance.

In the 2-day conclave, basicissues concerning vigilance,adherence to rules and regulationsrelating to public procurements,transparency in tendering processes,e-procurement, GeM, GFR, e-auction, ethics in governance,complaint handling system and othermatters of importance weredeliberated upon.

Chairman SAIL Mr. Anil KumarChaudhary, CMD MECON Mr.Atul Bhatt and RINL CMD, Mr. P.K. Rath were also present in theinaugural function.

Around 100 senior officials of thePSUs of the Ministry of the Steel, viz;SAIL, RINL, NMDC, MECON,KIOCL, MOIL, MSTC, FSNL, BirdGroup of Companies and OMDCparticipated in the conclave.

VIS News Service

The Agro ForestryDepartment of RINL

recently celebrated theInternational Day ofForests at Arogyavanam.

To mark the occasion,RINL Director (Personnel)Mr. K C Das Directorinaugurated the BirdFeeding Unit at

Bird feeding unit inaugurated at VSPArogyavanam and alsothe Agro ForestryDepartmental Portal.Medicinal Plants werealso planted by Mr. Das,Executive Directors andother senior officers ofRINL. Speaking on theoccasion, Mr. Das calledupon the employees theneed to preserve theenvironment.

FIMI is organizinga Sustainable Mining

Summit in Bhubaneswar on 11 –12 April, 2019. The summit aimsto deliberate on various miningissues concerning sustainability,which will result in a road-mapfor sustainable mining in India.

Various stakeholders, including Governmentagencies, regulators, industry stalwarts, practicingmanagers, NGOs, academicians and strategists areexpected to come together on this platform todeliberate on these very important issues at a turningpoint in the Indian Mining History”. As per FIMI inthe current mining statute, many operative non-captive mines are about to expire in March, 2020and much of the established raw material supplychain is about to undergo a major shift.

 Mining Summit

RINL CMD Mr. PK Rath, observed that Steelindustry is very complex and hazardous Industry and

hence, called upon every individual in the organizationto follow safe behaviour.

Mr. J Siva Shankar Reddy, Joint Chief inspector ofFactories, Visakhapatnam, AP Government applaudedthe efforts of RINL in conducting the Safety Promotionalactivities on a regular basis. He stressed upon the needfor safety to be followed not only at the workspot butalso in every walk of human life. Further, he stressedthe importance on driving the vehicles at safer speeds.Mr. J Rajendran, DGM (Safety) gave the presentationon various safety promotional measures conducted inconnection with Steel Safety Day-2019.

RINL Celebrates Steel Safety Day

various techno-economicparameters said the topmanagement of RINL.

In the area ofExpansion &Modernization notableprogress was made and itwas informed that theCoke oven Battery – 5,Central dispatch yard,KBR-2 projects areprogressing at a brisk pacefor early commissioning.

On the marketing frontthe growth in sales hasbeen more than 25%. Theturnover is expected tocross Rs 20,500 crores, thehighest since inceptionsaid its CMD PK Rath.

To cater to the higherproduction levels new

sources of raw materialslike Iron ore, coking coaland thermal coal have been

identified. As a result, significant

growth was achieved in allmajor areas of production

(See table below): RINL also registered

improved performance in

various techno-economicparameters such as LabourProductivity, SpecificEnergy Consumption andSpecific WaterConsumption. The LabourProductivity of 542 tCS/man-year achieved inNovember ’18 is the bestsince inception. TheSpecific WaterConsumption at 2.33 cum/tCS for the year iscomparable the best in theworld. Usage of PulverizedCoal Injection in the BlastFurnaces has improved by

10% over last year.  Even though, there is a

considerable increase inraw material cost anddepreciation whichincreased by 38%, thecompany has successfullyoptimised its operationsand could reduce the lossat PBT level by 88% asagainst loss of Rs.1402 Crsduring CPLY.

RINL is expecting toend the year with a grossmargin of around Rs. 1770Crores against Rs. 254Crores in the last year.

VIS News Service

During the Annual CFOLeadership Conclave

held in Mumbai, Mr. R.Nagarajan, ChiefF i n a n c i a lO f f i c e r(CFO), SriCity receivedt h epres t ig ious‘Top 100 SeniorF i n a n c eProfessionalsin India’award.

Commenting on theachievement Mr.Ravindra Sannareddy,Founder ManagingDirector, Sri City said, “Weare very proud to receiveyet another prestigiousaward at the beginning ofthe year itself, andappreciate the ‘CFO India’for putting up such aplatform to identify andhonour the rising stars ofthe finance community.”

CFO of Sri City bagsCFO India’s award

In an initiative to bringtogether the senior financeleadership representing themost influential companiesin India, CFO India

organises the conclaveevery year, and this was the9th one. Through astringent process ofevaluation by adistinguished jury of peersand subject matter experts,CFO India recognises thetop 100 senior financeprofessionals in India whohave made a differencewith their acumen, attitudeand leadership. The awardcarries a trophy and acitation.

Mr. K.V. Chowdary

3March 16-31, 2019 VIZAG INDUSTRIAL SCANPort

VIS News Service

Hindustan Shipyard Ltd. organised a Mega FreeMedical Camp for the benefit of under privileged

people at Ramalyam, Gangavaram RehabilitationColony, Peda Gantyada, Visakhapatnam, underCorporate Social Responsibility (CSR) Initiative.

HSL CMD RAdm L V Sarat Babu, who inauguratedthe Camp distributed Nutritional supplements to the poorand malnourished children adopted by NGO DesireSociety. About 954 people got treated by specialistdoctors of Gynaecology, ENT, Orthopaedic, Dental,Dermatologist, ophthalmologist, paediatric and generalmedicine including lab tests.

HSL organises Free Medical Camp

VIS News Service

The Commerce Ministry has extended the deadlinetill June 30 for 14 sea ports, including JNPT, Kandla,

Mumbai, Tuticorin and Vishakhapatnam, to installradiation portal monitors and container scanners. Thisis the third time that the deadline has been extended.

The Ministry also said the ports which fail to meet thedeadline will be derecognised for the purpose of importof un-shredded metallic scrap, with effect from July 1.

Deadline extended forinstallation of radiation

monitors at ports

VIS News Service

Blue Star Ltd is looking to make the first phase ofits Rs. 220-crore air-conditioner plant in Sri City,

Andhra Pradesh, by December 2019.The first phase will see the rollout of 200,000 room

AC units annually. Another 400,000 units will be addedin two more phases of200,000 each. The plantwill be a fully backwardintegrated one withbetter connectivity thatwill help Blue Star bring down various costs, includingfreight. According to Mr. B Thiagarajan, JointManaging Director, Blue Star was initially looking toset up two plants — one in Jammu and Kashmir andanother in Sri City. However, it may drop its J&K plansif the proposed concessions for setting up manufacturingunits in hill States are not extended to it. It had obtainedland for the plant from the J&K government in 2016 ona 99-year lease.

Blue Star’s AP plantset for launch in Dec.

VIS News Service

The employees of VSEZand the Units located

in their, jointly celebratedthe International Day ofForests near theAdministrative building ofVSEZ.

On the occasion,D e v e l o p m e n tCommissioner, Mr. ARama Mohan Reddy,planted saplings of

Forest Day at VSEZOrnamental (Palms) andforestry plants. He alsoaddressed the gatheringand explained theimportance of raisingforests and conservingthem. Mr. Reddy said it isimportant for the commonpublic to understand thevalue of forest as a carbontrapping mechanism andreversing the process ofclimate change.

Karambir Singh appointed as next CNS

graduate of Defence Services StaffCollege, Wellington; College ofNaval Warfare, Mumbai and laterserved as Directing Staff in boththese Institutions.

In his career spanning over 39years, the Admiral has commandedIndian Coast Guard Ship Chandbibi,Missile Corvette INS Vijaydurg aswell as two Guided MissileDestroyers INS Rana and INS

Delhi. He has also served as theFleet Operations Officer of theWestern Fleet. Onshore, theAdmiral has served at NavalHeadquarters as the Joint DirectorNaval Air Staff, and as Captain Airand Officer-in-Charge of the NavalAir Station at Mumbai. He has alsoserved as a member of the AircrewInstrument Rating andCategorisation Board (AIRCATS). On promotion to flag rank, the

Admiral was appointed as Chief ofStaff, ENC. His other importantflag appointments include Chief ofStaff of the Tri-Services Commandat Andaman & Nicobar Islands andas the Flag Officer CommandingMaharashtra and Gujarat NavalArea (FOMAG).

The Admiral is a recipient of theParam Vishist Seva Medial (PVSM)and Ati Vishisht Seva Medal (AVSM)awarded by the President of India.

Contd. from Page 1

VIS News Service

Shipping Corporation ofIndia (SCI), the

country’s national carrier,presently connects 8 majorports on the west, southand east coasts of India.After introducing thededicated Port Blairservice connectingChennai-Kolkata-PortBlair, SCI is nowcommencing a dedicatedservice on the east coast,

SCI starts East Coast India Express Service

namely, the East Coast ofIndia Express Service(ECX Service).

As per a release, SCI, atthe request of variousvalued customers, decidedto introduce this service. Itwill facilitate moreshipping solutions for theIndian trade and furtherenhance connectivity onthe country’s east coastfrom various locations, therelease highlighted.

The servicecommenced ex Colombofrom March 23, 2019 withthe following port

rotation: Kattupalli –Krishnapatnam – Haldia –Paradip –Visakhapatnam -Kattupalli

SCI, which already hasan established coastalmarket covering the eastand west coasts, will befurther strengthened withthe introduction of theECX Service which willhelp in increasing inter-connectivity.

HPCL VR expansion on trackmain equipment in theCDU.

Both the crude andvacuum columns weremanufactured by L&T atits Hazira plant and weretransported by sea toHPCL’s Vizag unit.

The Crude columnmeasured approximately7m in diameter, 76 metersin length and 700MT inweight while the vacuumcolumn measuredapproximately 12 meters indiameter, 63 meters inlength and 900 MT inweight.

It was further informedthat ten more equipmentsare expected in the next 6months by sea, of whichthree areexpected in theperiod May-June,2019.

Talking onthe operationsthe CGM statedthat the unitexpects to see arise in theirGRM’s from thecurrent $4-$5 per barrel to$6-7$ per barrel soon.

Diesel contributes tothe majority production at

the Vizag refinery standingat 40% while theremaining product shareincludes petrol, bitumen,

ATF and others.Just recently

H P C Lannounced itsApril-December2 0 1 8results wherein itrecorded ProfitAfter Tax of Rs.3,059 crore ascompared to Rs

4,609 crore forcorresponding period ofprevious year.

The decrease in Net

Profit was mainlyattributed to impact ofinventory losses due tocrude price volatility,higher fuel and losscomponent due to higheraverage crude price andexchange rate fluctuations,partially offset by betterproduct cracks on dieseland increased otheroperating income.

However gross salesincreased by 26% to Rs.2,22,872 crore duringApril-December, 2018 ascompared to Rs. 1,76,876crore for correspondingperiod of the previous year.

Contd. from Page 1

ECGC Ltd pays claim toShrimp exporter

M/s ECGC Ltd formerly (Export Credit GuaranteeCorporation of India Ltd)., Visakhapatnam Branch

has paid a claim for Rs. 37 lakhs to M/s CoastalCorporation Ltd., towards a default of Non-payment froma USA buyer for the Shrimp Exports made to the USAbuyer. Claim cheque was handed over by Mr. KumarAnshuman DGM/ Regional Manager Bengaluru, M/SECGC Ltd to Mr. G.V.V.Satyanarayana, Director M/sCoastal orporation Ltd in presence of Mr. J.SudhakarBranch Manager, ECGC Visakhapatnam recently.

4March 16-31, 2019 VIZAG INDUSTRIAL SCANTrade Scan

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List of imports at Vizag PortSl.No Article Description

Port ofLoading

C.I.F.Quantity(currency in INR)

TRIMETHYL CHLOROSILANE 850 KGS 371445.75 CHINADIISOPROPYL ETHER 11440 KGS 1234255.88 GERMANYTRIMETHYL CHLORO SILANE 170 KGS 71057.03 CHINANICKEL BRIQUETTES-76%MN-SIZE: -50 +10MM 55.9716 MTS 51678395.7 AUSTRALIABASRAH LIGHT CRUDE OIL(IRAQ CRUDE OIL) 35000 MTS 1003777357 IRAQBAUXITE (CALCINED) (AL2O3: 80%) (0-30 MM) 150 MTS 3008405.53 CHINAEASY-FLOP DMAP PRILLED(DIMETHYL AMINOPYRIDINE) 8000 KGS 18457600 UNITED STATESALUMINIUM SCRAP TAINT TABOR AS PER ISRI 21.25 MTS 2002487.38 SINGAPORETRIETHYLAMINE 24000 KGS 3504060 CHINADESACETYL-7-AMINOCEPHALOSPORANIC ACID OR (D-7ACA) 5000 KGS 25703650 CHINAPIVALOYL CHLORIDE 99% MIN 16000 KGS 4291392 CHINACALCIUM CARBIDE SIZE:15-25MM GAS YIELD:275-285L/KG PACKING INTO 100KG DRUM 22500 KGS 1030128.75 CHINASILICA BRICKS-12914 PCS 110000 KGS 8138480.07 CHINAELKEM MICROSILICA 940S U 110.25 MTS 2941139.25 NORWAYBLEACHED CHEMI THERMOMECHANICAL PULP Q400B70 FSC CONTROLLEDWOOD 450.194 MTS 18665784.15 CANADACHEMI THERMO MECHANICAL PULP -SOFTWOOD ROTTNEROS CS870 FSCCONTROLLED WOOD 621.324 MTS 25761115.58 SWEDENBLEACHED SOFTWOOD KRAFT PULP-LAJA FSC MIX CREDIT 1003.725 MTS 61157559.26 CHILESYNTHETIC RUBBER BR-SYNTECA 50 LP GOODPACK PRUPBR0002 RUBBER-PB-NORMAL 57.307 MTS 6610935.52 POLANDTITANIUM DIOXIDE, RUTILE R818 (MATERIAL CODE:R19373H) 40000 KGS 6460160 CHINADIETHYL P-TOLUENE SULFONYLOXYMETHYL PHOSPHONATE 15000 KGS 7570500 CHINASOUTHERN YELLOW PINE KILN DRIED SYP LUMBER BLOCK-38MM X 140MM 226.81 CBM 2616480.16 UNITED STATESBLEACHED SOFTWOOD KRAFT PULP -LAJA FSC MIX CREDIT 1001.153 MTS 61000845.78 CHILETEAK WOOD SEMI CLEAN ROUGH SQUARES LOGS 33.22 CBM 1351164.79 TOGOCARBON ADDITIVE (FC 91.18% ) 54 MTS 1362690 CHINAGRINDING MEDIA 2.5-4.0 MM (CERAMIC MEDIA ) 9425 KGS 1019313.75 CHINAHIGH CARBON FERRO NICKEL-SIZE:5-50MM,NI:14.13% 50.225 MTS 42819051.88 JAPANFRESHLY MINED AND WASHED PEAK DOWNS COKING COAL AGMT. NO.236/2015, MAIN BE NO. 9912351/04.02.2019 10252 MTS 183545875 AUSTRALIACYCLOPROPYL ACETYLENE 11000 KGS 49767025 CHINARAYMOND REACH TRUCK MODEL-7500-DR32TT REACH TRUCK, QTY: 2 UNITS 2 UNT 4942000 UNITED STATES1-METHYL-2-PYRROLIDINONE 16.8 MTS 2725380 CHINAMIBK (METHYL ISO BUTYL KETONE) 13.2 MTS 1103995.2 KOREATRIPHOSGENE 18000 KGS 4088070 CHINABETA NAPHTHOL 99.10% MIN 50 MTS 8111250 CHINAHDPE EGDA-6888 (HIGH DENSITY POLYETHYLENE) 49.5 MTS 3997224 KUWAITMETHYL CYANO ACETATE 99.5% MIN 32 MTS 6160224 CHINALawesson's Reagent 950 KGS 684950 JAPANCATHODE CARBON BLOCK, (SIZE: 2440X580X380MM, 85KA) 33.258 MTS 3895150.55 CHINAVIETNAM ROBUSTA COFFEE BEANS GRADE 3 88000 KGS 9335572.5 VIETNAMEAF GUNNING MASS (GUNKOTE D20) 1 MTS 28479.5 CHINAOKOUME FACE VENEER D GRADE (0.3MM) 22064 KGS 1608256.08 GABON

(volume in KGS)

List of exports from Vizag PortSl.No Article Description

Port ofdischarge

Quantity

TRICYCLAZOLE TECHNICAL (APX-3B/GROUP:B/S 1278 SingaporeCLETHODIM TECHNICAL 96 % (APX-3B/GROUP:C 15991 MelbournePyraflufen-Ethyl (ET-751) (APX-3B/GROUP: 569 YokohamaPROFENOFOS TECHNICAL (MINIMUM 87%) 49400 SantosEVEREST TECHNICAL(FLUCARBOZONE SODIUM) 9280 SavannahIVAX SP708 ( FOR PAPER INDUSTRY PURPOSE) 17.365 Laem ChabangREFRACTORY MORTARS / CONCRETES ( COMPRIT 103.2 BahrainCASTABLES & MORTARS ( 90 K MASALA-TRL SM 24290 MombasaDIDURIT B83 0-5 V (REFRACTORY MORTARS/CO 20.64 Penang (Georgetown)ANTISCALANT CHEMICAL MAXTREAT 9002N, 30 5000 YangonHIGH IMPACT POLYSTYRENE RESIN GR:LGH-307 114456 Alexandra(Egypt)GENERAL PURPOSE POLYSTYRENE LGG-105, DGF 25100 ChittagongPHPA L (HOMOPOLYMER/ COPOLYMER BASED ON 13952 Abu DhabiFL 7400 -(ACRYLIC POLYMERS IN PRIMARY FO 38592 ChittagongSTARVIS HVP (HOMOPOLYMER/COPOLYMER BASED 20296 Port KelangFLOSPERSE 380 W15 - ( HOMOPOLYMER/COPOLY 25410 Bell BaySYNPOL 30 CO-POLYMER BASED ON ACRYLIC MO 31200 SingaporeCOPOLYMER HI RATIO AAMA 40 PCT SOLUTION 19166 KarachiFLOPRINT R 465 (HOMOPOLYMER/COPOLYMER BA 26520 JakartaCHITIN (NATURAL POLYMER) PACKED IN BALED 22250 NingboROUGH GRANITE BLOCKS SAMANTHA BLUE 153.92 XiamenBEAKER, PP, AUTOCLAVABLE CAPACITY: 10 LT 5000 YangonGATES-8G2- 1/2" HOSE (HYDRAULIC HOSES) 10000 Jebel AliSugar Palm Baseboards: W X 101.60mm; Thi 21.04 ShanghaiSS MAPLITHO WOOD FREE PRINTING PAPER(STA 101992 ApapaPHOTO COPY PAPER (JK COPIER),80 GSM,SIZE 98637 ColomboINDOBASE GSM : 170.0 SIZE : 48.0 CM 47935 Izmir (Smyrna)COATED FBBD (BCF)-HW 220 SH GSM : 220 SI 101272 Jebel AliINDIAN RAW COTTON ( NOT CARDED OR COMBED 26747.16 BahrainCOCONUT COIR FIBRE (A QUALITY) 106.61 QingdaoHESSAIN CLOTH (WOVEN FABRIC OF JUTE) 18 18860.74 HamburgONE SIDED POLISHED GRANITE TILES ( LAVEN 24500 Jebel AliPRECAST SHAPES / OTHERS ( ANKOFORM S90S 35.696 HaiphongLOW DENSITY AGGREGATE (LDA) 79.284 Jebel AliPRECAST SHAPES / OTHERS ( ANKOFORM S90S 370.097 Da NangSANIT 185MAW 0-3 V AC 6404C50/PRECAST SH 11.537 ChittagongPRECAST SHAPES / OTHERS ( ANKOFORM 96MA 52.156 Da NangTAMARIND PASTE 22.475 Jebel AliBLACK PEPPER WHOLE : 1CTN=(100GMS X 100 9508.3 ShuwaikhCHILLI WHOLE(STICK LESS): 1 CARTON 100PC 11081.9 Port Kelang

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5March 16-31, 2019 VIZAG INDUSTRIAL SCANBanking / FinanceIN BRIEF

VIS News Service

YONO SBI – India’sfirst integrated Omni-

channel banking &lifestyle platform –launched ‘YONO Cash’for card less withdrawal ofcash at over 16,500 SBIATMs across the country.

The launch of YONOCash makes SBI the firstbank to offer this service inthe industry. The ATMsenabled for this servicewill also be termed asYONO Cash Point. Thebank expects YONO Cashto up the ante on customerdelight by virtue of itssecurity feature and theconvenience of card lesscash withdrawals.

Customers can initiatethe cash withdrawalprocess on the YONO appand set a six digit YONOCash pin for the

VIS News Service

IndusInd Bankinaugurated a branch in

Boisar, an upcomingindustrial area situated inthe Palghar district ofMaharashtra. This is theBank’s firstbranch in thisregion and islocated in theOstwal Empirebuilding at Boisar (West).The branch will house anATM that will beoperational 24X7. Withthis, the Bank now has awide network of over175 branches acrossMaharashtra.

The new branch was

VIS News Service

State Bank of India(SBI), India’s largest

bank, have signed aMemorandum ofAgreement (MoU) withBank of China (BOC), the3rd largest Bank in theworld, to enhance businesssynergies between both thebanks.

Through this MoU,both SBI and BOC willgain direct access to theirrespective markets ofoperation. Both banks’clients will be able to usethe vast combined networkto expand their businessesabroad. Incidentally, SBI

MR Kumar appointed LICChairmanMR Kumar has assumed charge as Chairman of

Life Insurance Corporation of India. He wasIn-Charge of North zone comprising Delhi, Haryana,Himachal Pradesh, Jammu & Kashmir, Punjab,Rajasthan and Chandigarh since April 2017. Earlier,he held the position of executive director of pension& group schemes and personnel at Central Office,Mumbai.-----------------------------------------------------------------

LIC’s Navjeevan Plan launchedLIC’s Navjeevan Plan (UIN 512N331VO1) is a

non-linked, participating endowment lifeassurance plan, which offers a combination ofprotection and savings. The policy holder can chooseto pay the premium either as lump sum (singlepremium) or for a limited period of five years. Theplan is available for those aged 90 days to 65 years,with an option to choose risk sum assured from 45years onwards. This plan can be purchased offline aswell as online.-----------------------------------------------------------------Parashuram Panda now CVOof Central Bank of IndiaThe government has appointed Parshuram Panda

as chief vigilance officer (CVO), Central Bankof India. Mr. Panda who started his banking career inBank of India as probationary officer, later rose tothe position of general manager in 2017. Thegovernment appointed him CVO, Dena Bank in July2018. Upon amalgamation of Dena Bank with Bankof Baroda, he has now been appointed as CVO inCentral Bank of India.-----------------------------------------------------------------

Repco Bank biz crossesRs. 15K croreRepco Bank, under the administrative control of

Ministry o Home Affairs, has crossed a landmarkbusiness of Rs. 15,000 crore in its golden jubilee year,with a total deposit of Rs. 8, 669 crore and advancesof Rs. 6,337 crore. The bank which has presence in108 centres, with a customer base of more than 10lakh and staff strength of around 1, 300 is a renownedinstitution under the cooperative sector and has astrong financial base with a net worth of around Rs.800 crore.

SBI launches card less ATM withdrawals

transaction. They will alsoget a six digit referencenumber for the transactionon their registered mobilenumber via SMS. The cashwithdrawal has to becompleted within the next

30 minutes at the nearestYONO Cash point usingboth PIN and the referencenumber received.

Speaking at thelaunch, Mr. RajnishKumar, Chairman,

SBI Dy. General Manager Mr. M.B. Diwakar launching YONO cash at SBIAdministrative Office in Visakhapatnam.

SBI said, “YONO Cash isyet another step by thebank towards our goal ofmaximizing convenienceand enhancing bankingexperience for ourcustomers.

IndusInd Bank expands base SBI signs MOU with BoChas a branch in Shanghaiand BOC is opening itsbranch in Mumbai.

Speaking on theoccasion, Mr. RajnishKumar, Chairman SBIsaid “MOU between thetwo major Banks of thetwo largest and fastestgrowing economies of theworld is a welcome step.

“We are delighted tosign this agreement withIndia’s leading financialinstitution which will helpto facilitate the growth ofChinese corporatesoperating in India”said Mr ChenSiqing, Chairman, BOC.

inaugurated by Mr.Tulsani Thakur,President, GREngineering, a Mumbaibased engineering firm.

Speaking at theinauguration of the

branch, Mr. SoumitraSen, Head - BranchBanking, IndusIndBank said, “We are happyto inaugurate a branch inBoisar, a rapidlytransforming industrialarea and a constantlyevolving market for theBank.

Andhra Bank 4.00 5.25 5.25 5.25 6.00 6.26 - - - 6.80 6.75 6.75 6.50 2551692Axis Bank 3.50 3.50 - 5.50 6.25 - - - - 7.30 7.50 7.25 7.25 2562199Bank of India 5.25 5.25 - 5.25 5.75 6.00 6.25 - 6.65 6.70 6.50 6.50 2502102Bank of Baroda 4.50 4.75 4.75 4.75 5.00 5.75 - - - 6.85 6.70 6.70 6.70 2576003Canara Bank 5.75 5.75 - 5.75 6.25 6.25 - - - 7.00 6.70 6.20 6.20 2547920Central Bank of India 4.80 5.55 5.55 5.55 5.55 6.55 6.55 - - 6.65 6.55 6.55 6.55 2563595City Union Bank Ltd 6.25 6.25 6.25 6.25 6.25 6.75 7.00 - - 7.35 7.35 7.35 6.70 2575772Corporation Bank 4.50 4.50 4.50 4.50 5.50 6.00 6.35 - - 6.80 6.50 6.50 6.50 2563406HDFC Bank 3.50 4.25 - 5.75 6.25 6.25 - - - 7.30 7.40 7.25 6.50 9703333993HSBC 3.15 3.25 - - - 5.00 5.00 - - - 5.00 5.00 5.00 9849012424ICICI Bank 4.00 4.25 - 5.50 - 6.25 - - - 7.10 7.50 7.25 7.00 2762644IDBI Bank - 5.75 - 5.75 6.25 6.25 6.50 - - 7.20 7.05 6.85 6.25 2533646IDFC Bank 4.00 5.00 - 6.25 6.50 6.75 7.00 - - 7.50 8.00 8.25 8.25 7900089904Indian Bank 4.50 4.50 - 4.50 5.00 - 6.50 - - 6.60 6.50 6.00 6.00 2747403&05Indian Overseas Bank 4.50 4.50 - 4.50 - 5.50 - - - 6.60 6.75 6.80 6.80 2552201IndusInd Bank 3.75 4.25 - 5.75 - - - - - 8.00 7.50 7.50 7.25 2514125Karnataka Bank 3.50 3.50 3.50 3.50 5.00 6.50 - - - 7.50 7.00 7.00 6.50 2706008Karur Vysya Bank 5.00 5.00 - 6.50 7.00 7.10 7.25 - - 7.50 7.50 7.50 7.50 2549870Kotak Mahindra Bank 3.50 4.00 - 5.00 5.50 - - - - 7.25 7.25 7.10 6.50 6646719Mahesh Bank - - - 6.25 6.25 6.50 - - - 7.50 7.75 7.25 6.75 2752323Oriental Bank of Commerce 5.75 5.75 - 5.75 6.25 6.50 - - - 7.00 6.75 6.70 6.75 2575588-89Punjab National Bank 5.75 5.75 - 5.75 6.35 6.35 - - - 6.75 6.75 6.25 6.25 2563216SIDBI - - - - - - - 7.25 7.25 7.00 - 2540303State Bank of India 5.75 5.75 5.75 5.75 6.25 6.25 - - - 6.70 6.75 6.80 6.85 2747822Syndicate Bank 4.75 4.75 4.75 5.00 - 6.35 6.35 - - 6.70 7.15 7.15 6.50 2556007Tamilnad Mercantile Bank - 5.00 - 5.25 6.00 6.50 6.75 - - 7.00 7.00 6.90 6.90 2716080Union Bank of India 5.00 5.00 5.00 5.00 5.50 6.25 - - - 6.70 6.70 6.85 6.85 2746636Vijaya Bank 5.00 5.00 5.50 5.50 - 6.35 6.50 - - 6.80 6.80 6.80 6.80 2562871UCO Bank 4.50 4.50 - 5.00 5.50 6.00 6.35 - - 6.50 6.50 6.50 6.50 2702213YES Bank 5.00 5.00 5.00 5.00 7.00 - - - - 7.25 7.25 7.25 7.25 3025000

State Bank of India - With you all the way

PHONE Nos.

Name of the Bank 30 to 45days %

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18monthsto 36 m %

5 yrs &above %

9 monthsto 18 m %

Interest rates on domestic term deposits (As on 31-03-2019 and are subject to change)

6March 16-31, 2019 VIZAG INDUSTRIAL SCANBusiness Scan

IIM Vizag scores big in placementsVIS News Service

The Indian Institute ofManagement at Vizag

has come out scoring bigin its placements season forthe graduating batch ofMBA students (2017-19).

As per an officialrelease from the institute itrecorded 100% placementsfor the given period withthe highest salary offeredat Rs 22 LPA.

The placement seasonwitnessed more than 50companies participating inthe process and makingmultiple offers. Out of 60eligible students, 4students requesteddeferment of theirplacements to next year.

Some of the Marqueecompanies made a beelinefor IIM Vizag studentswith companies includingthe likes of Aditya BirlaPayments Bank, AmaraRaja Group, Amul,BASIX, Berger Paints,Bosch, Click Labs,Euromonitor International,Franklin Templeton, GMRGroup, HDFC Bank,

HSBC, ICICI Lombard,KPMG, Mu Sigma, TVSMotors, Waaree Energies,Yes Bank.

With an average salaryfor the top quartile at Rs.17.07 Lakh Per Annum(LPA), for the top half atRs. 14.82 LPA, the averagesalary for the batch at Rs.12.61 LPA and medianpackage at Rs. 12.00 LPA,and, to cap it all, with thehighest salary at Rs. 22.00LPA, the batch broke allprevious records and setnew benchmarks said therelease.

Accounting for 25%placements each, the IT/ITES and BFSI continuedto bet big on new talent.The width of placements inConsulting (10.7%);Energy (8.9%);Conglomerate (7.1%);Hospitality, Infrastructureand Luxury Goods (3.6%each); FMCG, Mining,Automobile, Chemical,Manufacturing, MarketResearch and Government(1.8% each) proved thatthe Institute readies itsstudents for diverse

domains.Sales & Marketing

accounted for (30.4%) ofthe placements; ProjectManagement (14.3%);Finance (12.5%);Leadership Program(7.1%), ProductManagement (5.4%),Consulting (5.4%),General Management,Strategy & Operations, ITAdvisory, Operations andCRM (3.6% each);Analytics, Strategy andManagement Analyst(1.8% each).

KPMG, hired studentsfor their GovernmentAdvisory, IT Advisory and

Strategy & OperationsConsulting practice whileleading FMCG companyAmul on-boarded studentsfor Sales & Marketing.

Infrastructure giantGMR extended offers forits Management Traineeprogram in the Operationsdomain. Berger Paints

signed up students forMarketing role.

Engineering andElectronics multinationalBosch, IT/ITES companieslike Pramati Technologies,Neudesic, MAQ Softwareand Click Labs offeredroles in GeneralM a n a g e m e n t ,Management Analyst,Business Development,Strategy and DigitalMarketing domains.

The season alsowitnessed participationfrom companies fromhigh-growth sectors likeMarket Research,Hospitality, Infrastructure,Luxury goods & e-Commerce.

VIS News Service

The National HRDNetwork Visakha-

patnam chapter recentlyannounced its new officebearers for the period2019-2021.

Mr. D.S.Varma, Head- HR & Admin, Essar SteelIndia Limited, has takenover as President.

Mr. K.V.Rao fromRINL has taken over asVice President, while Mr.V. Bhaskar Srinivas Rao,

Office-bearers of NHRD

GM, Shriram Financial hasbeen as Secretary. Dr. P.Ramu Naidu, from

NALCO has beenappointed as the treasurer.

The members of theexecutive committeeinclude: Dr. B.Muralidhara Rao, Head-HR, Toyotsue Rare EarthsIndia Ltd., Mr. Srikanth,Head-HR, HPCL SouthCentral Zone LPG, Mr. V.Trinadh, Dy Manager-HR, Vaibhav Jewelers ltd.,Prof. Ch. Venkatiah,GITAM School ofInternational Business.

Mr. D.S.Varma

The Insolvency and Bankruptcy Board of India (IBBI)signed a Memorandum of Understanding (MoU)

with the Securities and Exchange Board of India (SEBI).The IBBI and the SEBI seek effective implementation

of the Insolvency and Bankruptcy Code, 2016(Code) and its allied rules and regulations, which haveredefined the debt-equity relationship and aims topromote entrepreneurship and debt market. They haveagreed under the MoU to assist and co-operate with eachother for the effective implementation of the Code,subject to limitations imposed by the applicable laws.

The MoU was signed by Mr. Anand Baiwar,Executive Director, SEBI, and Mr. Ritesh Kavdia,Executive Director, IBBI, at Mumbai.

Pact for betterimplementation of IBC

Bank organisesCASA campaign

Canara Bank organisedcurrent account and

savings account (CASA)campaign at itsDabagardens Branch inVisakhapatnam recently.The campaign wasinaugurated by GeneralManager, Circle Office,Vijayawada DV PrasadaRao. Speaking on theoccasion, Mr. Prasada Raosaid the bank willintroduce Canara Savings,Current, Canara Champ,Galaxy, Payrole, PowerPlus & Junior Savings.

PHD Chamber ofCommerce and

Industry has suggested anEconomic Agenda to thepolitical parties to createmore than 100 million jobsin the next 5 years througha seven pronged strategyincluding Smart Farming,Bolstering Industriali-sation with artificialintelligence and industry4.0, Ease of DoingBusiness for MSMEs,Revitalizing exportsgrowth, exploring tourismpotential, quality educationwith skill development andinclusive health for all.

PHD Chamber projectsIndia’s economy with thenext era of economicreforms @4.0 wouldexpand to the level of US$5 trillion with a growth rateof 9 to 10% in the next 5years by 2023-24.

Aditya Sabharwal

The airportinfrastructure space

seems to be heating up.Just after the Adani group’sforay into the airport space,GMR InfrastructureLimited (GIL) hasannounced a proposedinvestment by Tata Group“Tata”, an affiliate of GIC,Singapore’s sovereignwealth fund “GIC” andSSG Capital Management“SSG” (“Investors”) in itsAirports Business.

GIL has signed abinding term sheet with theInvestors pursuant towhich the Investors haveagreed to invest Rs. 8,000Crores in GMR AirportsLimited (“GAL”). Theinvestment amount of Rs.8,000 Crores will consistof:·Rs. 1,000 Croresequity infusion in GAL;and

Tatas take flight to GMR airports· Rs. 7,000 Crores

towards purchase of GAL’sequity shares from GIL andits Subsidiaries.

As per an officialrelease from GMR theproposed investment issubject to definitivedocumentation, customaryregulatory approvals,lender consents and otherapprovals.

Following theinvestment, GIL proposesto demerge its Energy,Highways, UrbanInfrastructure &Transportation businesses,leading to separation of itsAirport Business, subjectto customary consents,regulatory & corporateapprovals.

This is a significantdevelopment for GIL withmultiple strategic benefits:- · S i g n i f i c a n tdeleveraging at GIL

· Investment bymarquee investors forcreating a world classportfolio of Airport assets·Paves the way forrestructuring of thebusiness by way ofdemerger

As part of the terms ofthe proposed investment,GIL will retain

management control overthe Airports Business withthe Investors havingcustomary rights and boardrepresentation at GAL andits key subsidiaries.

The Investors havepegged 100% EquityValuation for GAL at: PostMoney Valuation of Rs.18,000 Crores

“We are very pleasedto welcome Tata, GIC

& SSG as long-terminvestors in GAL. The

proposed investmentendorses the strength

of the unparalleledAirport platformcreated by GMR

Group and will reduceour debt substantially, strengthening our

balance sheet.

Mr. Grandhi Kiran KumarManaging Director & CEO, GIL

PLUSEarn-outs of up to Rs.

4,475 Crores linked toachievement of certainagreed milestones andperformance metrics overnext ~5 years

Thereby, total valuationassuming all Earn-outs ares u c c e s s f u l l yconsummated, will be Rs22,475 Crores on PostMoney Basis said therelease.

As part of thistransaction, GIL alsointends to provide exit toexisting private equityinvestors who hold 5.8%Equity Stake in GAL. AtClosing, GIL and itssubsidiaries will holdc.54% stake in GAL,Employee Welfare Trustwill hold 2%, Tata willhold c.20% stake, GIC willhold c.15% stake and SSGwill hold c.10% stake.

Strategy tocreate over 100million jobs innext 5 years

Aditya Birla Payments BankAmara Raja GroupAmulBASIXBerger PaintsBoschClick LabsEuromonitor InternationalFranklin Templeton

GMR GroupHDFC BankHSBCICICI LombardKPMGMu SigmaTVS MotorsWaaree EnergiesYes Bank

Some of the top recruiters include:

“We are glad that companies, thatrank among the best places to workfor, find value in the potential weare building into the students andthe performance they are able todemonstrate”.

Prof. M ChandrasekharDirector, IIMV

7March 16-31, 2019 VIZAG INDUSTRIAL SCANBusiness Scan

B.Venkateswaran, IRS

As per decision by theGST Council, the new

GST returns would beimplemented on a pilotbasis from April 1, 2019and will be mademandatory from July 1,2019. Since the newreturns would be run on apilot basis, the existingreturn formats (i.e. GSTR-3B) will be continued to befiled for the quarter 1, FY2019-20 vide notificationno. 13/2019-Central Tax,dated. 07-03-2019.

In the proposedsimplification, three typesof Returns are prescribeddepending upon theturnover the tax payer andtype transactions held byhim.

- Normal (Monthly

Simplified GST Returns from April 1, 2019

or quarterly)- S u g a m

(Quarterly)- Sahaj (Quarterly)If the aggregate

turnover during thepreceding financial year isup to Rs. 5.00 Crores thetaxpayer has the option tofile return (namely Sahajor Sugam or Normal) on aquarterly basis. The newforms are available forreview under theDownloads section on

www.gst.gov.in.Normal Return -

FORM GST RET-1 (Shallbe able to declare all typesof outward supplies,inward supplies and takecredit on missing invoices)

- Monthly Normal- Quarterly NormalSahaj Return – FORM

GST RET-2 (Quarterly):Outward supply underB2C category and inwardsupplies attracting reversecharge only.

Sugam Return – FORMGST RET-3 ( Quarterly):Outward supply underB2C and B2B category andinward supplies attractingreverse charge only.

For a person opting forSahaj/Sugam,

- Such taxpayerscannot make suppliesthrough e-commerce

operators on which tax isrequired to be collectedunder section 52.

- Such taxpayersshall not take credit onmissing invoices and shallnot be allowed to make anyother type of inward oroutward supplies.

- Such taxpayersmay make nil rated,exempted or Non-GSTsupplies, which need notbe declared in the saidreturn.Points to be noted:

- The taxpayerfiling the return on amonthly basis will not beable to upload the detailsof documents from 18th to20th of the monthfollowing the tax period.

- The taxpayerfiling the return on aquarterly basis will not be

able to upload the detailsof documents from 23rd to25th of the monthfollowing the quarter.

- If suppliesattracting reverse chargeare received from anunregistered person, thePAN needs to be reported.

- All suppliers withan annual aggregateturnover of more than Rs.5 crores and that in relationto exports, imports andSEZ supplies will uploadHSN level data at InvoiceLevel.

- Tax amount shallbe computed by the systembased on the taxable valueand tax rate.

- The taxpayer willhave to report place ofsupply (POS) mandatorilyfor all supplies.The advantages of

the SimplifiedReturn Forms:

- The taxpayer shallbe able to upload invoicesto the GST Portal 24x7.

- The recipientwould be able to accept orreject the invoice in real-time.

- Filing of Nilreturns can be done viaSMS

It is being anticipatedthat the new return formsshall greatly simplify thetaxation system, reduce thetax burden from businessesand arrest tax evasion.

Before parting, “Heardmelodies are sweet thoseunheard are sweeter”. Solet us wait with a positivehope.

(The writer is Asst.Commissioner Central GST

(Retired) and Consultant forGST,Customs, Excise and Service Tax)

Capitalizing on the industrial use of Ganja in AP

promotion of alternativemedical therapies based onAYUSH and TraditionalChinese Medicine. MrSabharwal an earlyinvestor in this industryinforms that THC (thepsychoactive compound)is much higher in themarijuana plant.

In the state of AP theAraku and Paderu regionsare where this plant isfound to be in abundance.However because ofCannabis’s illicit demandmost of the farmers oftenget caught for illegallyselling Ganja whileneglecting the propertiesthat the stem has to offer.

Identifying thisopportunity, Bangalorebased company,NHempCo is looking tocapitalize on theavailability of this plant inthis region and use it forthe right reasons.

‘Industrial Hemp is

misunderstood formarijuana. Though boththe plants are from thesame genus cannabis, bothhave different properties’says Mr HarshaavardhanRedi Sirupa, founding andManaging partner,NHempCo speakingto Vizag Industrial Scan.

He explains thatindustrial Hemp growsupto 12-15 feet, and can beused to manufacture morethan 25000 products.

While on the other side,the marijuana plants grow

3-5 feet and is used asrecreational or famouslyused in medicines.

Some of theapplications whereindustrial Hemp can beused include: Industrialproducts, foods, textiles,paper, building materialsetc. While Mr Sirupa’scompany is seekinggovernment’s permissionfor sourcing industrialHemp from the Araku andPaderu region theircompany is also looking atnecessary approvals for its

Contd. from Page 1

In all the industrial Hemp farms, wewill introduce smart farming andIoT at no costs to farmers.Mr Harshaavardhan Redi SirupaFounding and Managing Partner, NHempCo

While India is still grappling withthe rules, the US, Chinese andEuropean governments have alreadylegalized farming on hemp as longas the THC is below 0.3%Mr Pradeep Sabharwal Founder, T3T Wellness Private Limited

we shall start registeringand collaborating withfarmers across the stateand will start thecultivation from the drydistrict of Anantapur andexpand to other districts’said Mr Sirupa.

The company alsoplans to integratetechnology into theircultivation with the adventof Smart Farming andIoT: ‘In all the industrialHemp farms, we willintroduce the smartfarming and IoT at no costs

to farmers. ThroughInternet of Things (IoT),our backend systems willupdate the farmers atregular intervals onapplication of nutrients andwater for betterproductivity’ said MrSirupa.

The company has madea presentation to therespective authorities inthe state and is currentlyawaiting permission bothfor sourcing andcultivation of industrialhemp on PPP model.

cultivation in the Anantpurdistrict.

‘Once given approval

Hitachi PaymentServices Pvt. Ltd.

(Hitachi Payments)recently announced theappointment of RustomIrani as its new ManagingDirector, in addition to hisresponsibilities as the CEOof Cash Business.

Rustom has been withthe company for over 8years, and served as theChief Operations Officerof Hitachi PaymentServices, before assumingthe role of the CEO of thecompany’s Cash Businessin April last year said an

Hitachi Payment Servicesappoints Rustom Irani as MD

official release from thecompany.

Prior to that, he was theDirector of Operations,Technology, FieldEngineering & ChannelManagement groups. He

was instrumental in settingup the technologyinfrastructure, operationsand process managementteams for the company.Before joining HitachiPayments, he worked withMindTree as the SeniorVice President in the IMTSbusiness. Mr LoneyAntony will assume alarger advisory role of ViceChairman and Non-Executive Director of theBoard of Directors ofHitachi Payments &Mentor to the LeadershipTeam said a release.

8March 16-31, 2019 VIZAG INDUSTRIAL SCANClassifieds

Annual Subcription( 24 Issues )

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9March 16-31, 2019 VIZAG INDUSTRIAL SCANClassifieds / Tenders

Regd.No.69375/98  - Printed by D.S.V.R.K.Raju and Published by A.K.Sabharwal, Printed at G.K.Print House Pvt  Ltd,  10-12-5/3,  Jail  to Apollo Hospital Road, Ramnagar, Rednam Gardens, Visakhapatnam  -  530 002Published at  101, Aspen Heights, D.No.11-9-38/5, Daspalla Hills, Visakhapatnam  - 530 003. Phone  :  0891-2799969, 2714575 Fax:  0891-2539443 Editor  - A.K.Sabharwal

Name of Hotel Person to Contact Tel No.Keys Select Hotel Mr. Pavan Kartheek (GM) 0891-3944100Ginger Hotel Mr. Rabi Narayan (HM) 0891-6683333Novotel Varun Beach Mr. Rajesh Gopalakrishnan (GM) 0891-2822222Hotel Daspalla Mr. S.Prasanth (GM) 0891-2564825Executive Court Mr. Sanjib Karmakar (GM) 0891-2717300Hotel Green Park Mr. Barani. C (GM) 0891-6615151Hotel ITC Grand Bay Mr. Rajesh Nath (GM) 0891-6600101Hotel Meghalaya Mr. S. Rama Rao (AGM) 0891-2755141Hotel The Park Mr. Jaydeep Biswas (GM) 0891-3045678The Gateway Hotel Mr. Kiran Busari (GM) 0891-6623670Hotel Palm Beach Mr. Sandeep Reddy (GM) 0891-2754026Fortune Inn Sree Kanya Mr. Ajit Kumar (GM) 0891-3988444The Royal Park Mr. P. Prasad (HM) 98499 13445Dolphin Hotel Mr. I.T. Ramakrishna Rao (DGM) 0891-6666677

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10March 16-31, 2019 VIZAG INDUSTRIAL SCANUpdate

Harsh Chopra

Companies with highperformance cultures

typically deliver 2 to 3times more profitabilitycompared to companieswith non descript andmediocre culture asvarious studies haveshown. A great culturemanifests itself inenthusiastic teams, lowerattrition, more innovation,better customer service andultimately, better financialperformance. A highperformance culture can bedefined as one whereemployees look forward toMonday morning.Employees are highlymotivated and engaged anddon’t need to be micromanaged.

Most Founders buildculture intuitively based ontheir personal values andbeliefs, through theirleadership and decisionswithout consciouslythinking about it. But ifyou wish to build a highperformance culture thatupholds your legacy acrossmany generations thensome structured thinking,commitment and executionis required. Building aworld class culture startswith the founder and itdoes not cost anything.Here is a roadmap tobuilding a highperformance culture.

Step 1 : Take yourleadership team for an off-site brainstorming meetingto decide what kind of aculture is best suited foryour company. Becauseculture cannot be imposed

Building high performanceculture in Family Business

and the senior leadershipteam has to be fully onboard in the creation of thevalues and culture.Brainstorm to buildconsensus on what are yourcore values which shouldbe aligned with yourbeliefs, mission, industry.What works in the garmentindustry will not work in asteel plant. By installing aping pong table andpainting your front office inbright colours you cannotbecome Google.

Step 2 : Walk your talk: You can’t expect youremployees to upholdintegrity in all actions ifyour own behavior doesnot reflect it. Culture isbuilt mostly by how theleadership team behaves. Is‘teamwork’ best suited foryour organisation? Makesure your executive teamtruly works as a team in thetrue spirit of collaboration.Is ‘transparency’important? You and yourleaders need to be visiblytransparent — even whenit is difficult. Employeesare seeing what you do allthe time and your actionsspeak louder than your

words.Step 3 : Build culture

in all your processes.From hiring to induction topromotion policy to KRAsto training to role designyour culture should bereflected in every aspect ofyour company processes.Only then will you be ableto build a world classculture which nurturesinnovation and creativityand attract high qualityprofessionals and alsoenable you to make yourculture a powerfulcompetitive advantage.One thing common to allsuccessful familybusinesses which havemade it to the big league isthat they are managed by ateam of best in classprofessionals.

Step 4 :Communication : It isimportant that youcommunicate your valuesand culture explicitly bothinternally to employeesand externally to vendorsand business partners.Every employee from thesecurity guard to thedirector must understandand live and breathe yourculture. Rewardemployees who advanceyour culture, and be candidand honest with those whodon’t.

(The author is the founder ofPartners 4 Growth, a FamilyBusiness Advisory firm whichworks closely with leadingbusiness families to help themmanage next generationinduction, succession andresolution of internal conflicts &runs a program “Professionalise& Scale your family business”.)

Conduent 649 5,000Hospira Health Care 1,500.00 1,800Asian Paints 1,818 700Hinduja National Power Corp Ltd 5,545 700Deccan Fine Chemicals (India ) Pvt. Ltd 1,200 700RastriyaIspat Nigam Ltd. 7,000 187CMR Group 500 2100Container Corporation of India Ltd (CONCOR)- Establishment of Logistic Park 1,000 2000JSC United Shipbuilding corporation, Russia 998 0Rushil Decor Limited 559 630Hindustan Petroleum Corporation Ltd. 17,000 3,500Granules India 850 2,500Divi's Laboratories Ltd. (Exp.) 500 1,500Neopharma 1,261 3,200Gouttephone Technology private limited 508 400Rain CII Carbon (VIZAG) Limited 750 850Saint Gobain 2,000 1,300Development of International Convention Centre atAPIIC Ground Visakhapatnam 1,400 300Amity University 542 41SVC Projects Private Limited 750 1,300Hindustan Coca-Cola Pvt. Ltd. 1,000 551Trina Solar 2,800 3,500Hareon Solar Power Private Ltd. 1,200 1,000Lupin Limited 700 1,500Ramky Pharma City (India) Limited 1,500 500Patanjali Ayurved Limited 800 5,000World Peace University 1,511 25Kansai Nerolac Paints Limited 510 1,200Synergies Casting Limited 700 2,000Gouttephone Technology private limited 504 300LG Chem 3,000 2,500APCON City - Visakapatnam 1,000 3,400Shyam Infratech 1,000 2,000Vyas Cancer Research Private Ltd. 3,035 12,000Reliance Defence Ltd. 5,000 10,000Visakha Saw Mill Owners & Timber Merchants Association 500 5,000ANSR Consulting 500 5,000Barkley Infra Projects 525 55SyamMetalics 900 500Synergy Castinngs 1,020 2,400DOZCO (India) Pvt Ltd 1,000 3,000Vedanta 12,000 12,000Excel Industries 600 2,000Shapporji Pallonji Renewables Pvt Ltd 2,000 2,000

CommittedInvestment (Rs.  in Crore)

CommittedEmploymentProject Name

VIS News Service

The 14th CII-EXIMBank Conclave on

India-Africa ProjectPartnerships concluded inNew Delhi recently. Thethree-day conclave wasorganised by the Ministryof Commerce inassociation withConfederation of IndianIndustry and EXIM Bankof India. Addressing thevaledictory session,Commerce Secretary, Dr.Anup Wadhawan said,the India-Africa bilateralpartnership is further

Conclave on India-AfricaProject Partnerships held

augmented by India’sascendency as thegrowing major economy,as well as Africa’s neweconomic dynamismillustrated by some of thesub-Saharan economiesfeaturing among the top 10fastest growing economiesin the world.

Dr. Anup Wadhawaninformed that as part ofIndia’s outreach in Africa,Ministry of ExternalAffairs, on 10th September2018 signed an agreementwith the Telecommuni-cations Consultants IndiaLimited (TCIL) to

establish a pan- Africa e-Arogya Bharti NetworkProject to serve as a digitalbridge between India andAfrica shrinking thedistance between India andAfrica even more.

Over 500 delegatesfrom Africa participated inthe conclave. VicePresident of Republic ofGhana, Dr. MahamuduBawumia, Prime Ministerof Republic of Guinea, Dr.Ibrahima KassoryFofana and Deputy PrimeMinister of Kingdom ofLesotho MonyaneMoleleki, also participatedin the conclave.

AI will create newopportunities in India: Govt

VIS News Service

Global technologieslike artificial

intelligence (AI) wouldhelp create newopportunities in India fordelivering services, needsand priorities in sectorslike education, health,management and othersthrough smart thinking, atop government officialsaid at an ASSOCHAMevent held in New Delhirecently.

“The rise of artificialintelligence and industry4.0 has a different meaningin a country where there isa deficit of young peopleand it has a differentmeaning in a country likeIndia which has ademographic dividend,where the average age ofnation is 29+ years andlarge number of people areeducated, intelligent,

energetic and younglooking to create newopportunities,” saidsecretary to Department ofScience and Technology(DST) professor AshutoshSharma whilei n a u g u r a t i n gASSOCHAM’s thirdinternational conferenceon Artificial Intelligencefor India’s Transformation.

He added that AI mayactually not destroy jobs butbasically replace people

who are not there. “So, itdoes not destroy jobsbecause we are creating newopportunities by bringing inmachines which do people’sjobs.”

The secretary alsoinformed that Department ofScience and Technology isstarting a mission calledCyber Physical Systems. “Itis a marriage betweeninformation, decisionmaking and AI.”

Some of the Major Investments in AP

11March 16-31, 2019 VIZAG INDUSTRIAL SCANStartup / Defence

VIS News Service

V ice Admiral MAHampiholi, AVSM

NM has assumed charge asDirector General NavalOperations in New Delhirecently. He is a graduateof the National DefenceAcademy and wascommissioned in theExecutive Branch of theIndian Navy on 01 July 11985.

The Flag Officer is aspecialist in Anti-Submarine Warfare andhas held importantassignments both afloatand ashore.

The Admiral is agraduate from the Defence

Rear Admiral Rajesh Pendharkar, VSM hasassumed the charge as the Flag Officer Commanding

Maharashtra Naval Area recently. An alumnus of theNational Defence Academy, he was commissioned intothe Indian Navy in Jan 1987 and is an Anti-SubmarineWarfare specialist. His notable sea appointments includeExecutive Officer of missile corvette INS Kirpan andmissile destroyer INS Mysore and command of missilecorvette INS Kora, missile frigate INS Shivalik and theaircraft carrier INS Viraat. He is a graduate of theDefence Services Staff College, Wellington, Naval WarCollege, Karanja, and Naval Command College,Newport, Rhode Island, USA.

Vice Admiral MA Hampiholi,assumes charge as DGNO

Services Staff College,Wellington and theprestigious NationalDefence College, NewDelhi. He is a recipient ofthe Nao Sena Medal in2011 and theAthiVishistSeva Medal in2019.

VIS News Service

Rear Admiral KrishnaSwaminathan, VSM,

has assumed charge as FlagOfficer Sea Training(FOST) at Kochi on 18Mar 19.

Rear AdmiralSwaminathan, a specialistin Communication andElectronic Warfare wascommissioned into theIndian Navy on 01 Jul 87,and is an alumnus of theNational DefenceAcademy, Khadakwasla atPune; the Joint ServicesCommand and StaffCollege, Shrivenham in theUnited Kingdom; theCollege of Naval Warfare,

Krishna Swaminathan, assumes Charge as FOST

Karanja at Mumbai, andthe United States NavalWar College, Newport,Rhode Island, USA. He hascommanded five frontlineships of the Indian Navyincluding the missile

vessels, INS Vidyut andINS Vinash; the missilecorvette, INS Kulish; theguided missile destroyer,INS Mysore; and theaircraft carrier INSVikramaditya.

Prior to assumingcharge as FOST, theAdmiral was the ChiefStaff Officer (Training) atHeadquarters SouthernNaval Command andplayed a key role in theconduct of all training inthe Indian Navy. He wasalso instrumental in raisingthe Indian Naval SafetyTeam that overseesoperational safety acrossall domains of the Navy.

Startup of the FortnightSafeguarding your swim

Rajesh Pendharkar, takes over as FOC MNAJasjit Singh takes over as Western Fleet CommanderVIS News Service

Rear Admiral SanjayJasjit Singh, NM

took over charge ofWestern Fleet, the ‘SwordArm’ of the Indian Navy,from Rear Admiral MAHampiholi, AVSM, NM atNaval Dockyard Mumbairecently.

Rear Admiral Sanjay

Jasjit Singh wascommissioned into theIndian navy in 1986 and isan alumnus of the NationalDefence Academy,Khadakwasla. A specialistin Navigation andDirection, he has held arange of command, training and staffappointments during hiscareer.

Vizag based Saif Seas is aninnovative startup that hasdesigned a robotic rescuecraft. The craft is used torescue people who are atsea and are at the risk ofdrowning. Designed anddeveloped in house by theteam at Saif Seas it hasalready applied for apatent through NRDC.

How it works: Onceplaced on water the craft isremotely operated by a person who navigates it to the person to be rescued.Once it reaches the person (in need of help) he/she holds onto the craft and isthen safely brought to shore.

With a current in sight range of 3kms the team is aiming to reach a speed of 7knots plus and informs that this craft has both civil and defence applications toit.

The craft also comes with a water sport version which is operated with the helpof a joystick.

Below is a brief snapshot of the company and founder:Founder Name: Mr Ahmed Shaikh Abdeally CalcuttawalaCo- Founders: Mr Taher Calcuttawala & Mr Aliasgar CalcuttawalaIndustry/Space: MarineFunding: Not yetLooking for: Funding and OrdersMarket of Operation: WorldwideRevenues: N/AClaim to Fame: Indian design and developed incubated during the VizagFintech Festival 2018Company’s culture: Aggressive Easy Going MethodicalPTIM (Person that inspires me): A DRDO scientist really inspired meto develop this.

VIS News Service

To shape India’scontinued ascendancy

in FinTech, NITI Aayogorganized a day-longFinTech Conclave in NewDelhi recently.

The Conclave featuredrepresentatives fromacross the financial space– central ministries,regulators, bankers,startups, investors, serviceproviders andentrepreneurs.

Mr. Shaktikanta Das,Governor of RBIinaugurated the Conclavein the presence of Mr

NITI Aayog organises FinTech ConclaveAmitabh Kant, CEO,NITI Aayog and MrSubhash Chandra Garg,Secretary, Department ofEconomic Affairs,Ministry of Finance.

Giving the keynoteaddress on ‘Opportunitiesand Challenges ofFinTech’, Mr Das notedthat FinTech has thepotential to reshape thefinancial services andfinancial inclusionlandscape in India infundamental ways.

He said, “We have tostrike a subtle balancebetween effectivelyutilising FinTech while

minimising its systemicimpacts. By enablingtechnologies andmanaging risks, we canhelp create a new financialsystem which is moreinclusive, cost-effectiveand resilient.”

Mr Kant noted the needto evolve regulatory andpolicy paradigms keepingin mind the need of nearly450 million millennials ofIndia to accessinstitutional credit andcharting out the future offintech in India in light ofdigital technologies suchas blockchain and artificialintelligence.

GITAM holdsNEC’19

GITAM Centre forIncubation and

E n t r e p r e n e u r s h i pDevelopment Cell(GCIED) under theumbrella ofGITAM(Deemed to beUniversity) hosted the“ N a t i o n a lE n t r e p r e n e u r s h i pConclave 2019 (NEC)” onMarch 21-22. Theconclave was organized byRectangle India solutionsand services pvt. Ltd.,headed by Mr. AbdulKhaliq Khan, Founder,Rectangle. The agenda ofthe conclave was to inspirestudents towardsentrepreneurship andstartups on a national level.

12March 16-31, 2019 VIZAG INDUSTRIAL SCAN

VIS News Service

Mr. A Ram MohanReddy IFS,

D e v e l o p m e n tCommissioner, VSEZ,visited Brandix IndiaApparel city and expressedhis joy after seeing howwomen with basic educationfrom remote locations areworking together to produceinternational standardmaterials. Mr. Reddy alsoappreciated the facilitiesprovided by management toall employees.

Some of the otherofficials accompanyingincluded Mr. Vasant Kiran

VSEZ officials visit Brandix

babu IFS, JointD e v e l o p m e n tCommissioner, VSEZ, Mr.Prasanna Kumar,

Assistant DevelopmentCommissioner, Mr.Gunasagar, SO, Customsand Mr. Ravi kumar, AO,

Customs. Mr. Doraswamy,Brandix Indian Partnershowcased the facility to thevisiting officials.

Ajay Jain visitsSri City

Two-day CII workshop on AI

Confederation of Indian Industry isorganizing a ”Two Days’ Workshop on Artificial

Intelligence” on April 12 & 13 in Visakhapatnam. Theworkshop will help the participants to understand howartificial intelligence can make a difference in thebusinesses they operate.

Mr. Ajay Jain, IAS,P r i n c i p a l

Secretary, Departmentof Energy Infrastructure &Investment, Governmentof Andhra Pradesh recentlyvisited Sri City.

Mr. Jain went round theindustrial park andwitnessed the productionworks at Everton Tea,PalsPlush and Rising Star(Foxconn) companies.

The Principal Secretaryreviewed the status ofpower supply and otherelectricity related issues.Impressed with the world-class industrialinfrastructure and progress

of Sri City, Mr. Ajay Jainappreciated the efforts ofSri City management andassured all possiblesupport. Mr. RavindraSannareddy, FounderManaging Director, SriCity thanked him forvisiting Sri City andbriefed him on theinfrastructure and theunique features of Sri City.

The Principal Secretarywas accompanied by ateam of senior officials ofAndhra Pradesh SouthernPower DistributionCompany Limited(APSPDCL) in Chittordistrict.

Australian Navy team visits VPTVisakhapatnam Port

Trust DeputyChairman, Mr. P.L.Haranadh, IRTS, gave awarm welcome to theRoyal Australian NavyTeam headed by MajorDaniel White, RoyalAustralia Army duringtheir visit to VPT recently.

Deputy Chairman,made a power pointpresentation and briefedthe Port Operations,various cargoes handled,

the infrastructure facilitiesavailable, pilotage andanchorage of vessels, the

etc. The Royal AustralianNavy team informed thatthey were truly impressedof the improvement ofcargo handled year afteryear and informed that themain purpose of visitingVisakhapatnam is to havea Joint AUSINDEX ofNaval Ships and to havefirsthand information onthe security and facilitiesavailable on berths in orderto berth their Navalvessels.

availability of berths in theInner and Outer Harbours,the draft and LOA of berths

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