5 posts tagged “location: bangalore”
BS Reporter / New Delhi November 2, 2007
New Delhi-based IT software development and services provider, HCL Technologies, is set to invest Rs 1,000 crore in its new technology hub, which was inaugurated at Noida, near New Delhi, today.
The company expects the new facility to generate over $1 billion from software exports annually, and is targeting a 30 per cent growth in revenues over the next five years.
The company is also setting up two units in Chennai and Bangalore, which will be inaugurated in the second half of the financial year.
The Chennai facility will be built on the same lines as the Nodia facility, and will be able to accommodate 15,000 people. The Bangalore facility will be about one-third its size.
'The Bangalore facility will cater to our financial services, Chennai will be our hub for life sciences, while our Noida unit is to develop our core technologies,' said Vineet Nayar, CEO, HCL Tech.
HCL also has plans to set up units in tier-II cities such as Nagpur, Madurai and Lucknow. The units at Madurai and Nagpur, which will cater to undisclosed new micro-verticals for the company, are expected to be inaugurated by the end of 2009.
No time frame has been disclosed for the Lucknow unit, however it is expected to start operations after 2010.
The company is also exploring the option of setting up global hubs. It planning to establish one such hub in the US by next month.
'We might even take over other firms' technology facilities. To begin with, the hubs would be able to accommodate around 1,000 people,' said HCL Tech founder and chairman, Shiv Nadar.
Source - Thapar Homes Blogspot.com
Thursday, October 11, 2007
Study Identifies 17 Corridors With High Investment Potential
Corridors are usually extensions of tier I and tier II cities, and feed off the existing talent pool of these cities
Rapid urbanization, the scarcity of land in large cities and improved infrastructure in the hinterland has resulted in the emergence of 17 new industrial corridors in the country that are rapidly becoming preferred destinations for investment.
This is the finding of a study by real estate advisory Cushman and Wakefield. The study says these corridors are usually extensions of tier I and tier II cities and feed off the existing talent pool of these cities.
The study identifies Hinjewadi near Pune, Manesar near Gurgaon, Sriperumbudur near Chennai, Greater Noida near New Delhi and Noida, Panvel, Thane and Virar near Mumbai, Rajarhat near Kolkata, Bidadi near Bangalore and eight others as corridors that have high investment potential.
It says firms are beginning to explore newer locations because of limited availability of large land parcels in the metropolitan cities. These suburban and peripheral developments are a cost saving and risk diversification measure.
The study rates the corridors on parameters such as physical and social infrastructure, and government policies among others. Hinjewadi and Manesar score the highest on all parameters. These two locations will likely benefit from their proximity to Pune and Gurgaon, respectively.
The study also says that both corridors have adequate land banks available for large developments such as special economic zones or townships.
"I think industrial corridors will offer real estate opportunities," said Arvind Parekh, chief financial officer of Omaxe Ltd, a real estate developer. These corridors will need "townships and residential developments," he added.
Omaxe has residential projects in Greater Noida, "because there is a possibility of an airport coming up either in Greater Noida or Noida," Parekh said.
Other locations, such as GST (the area takes its name from the Grand Southern Trunk road that passes by it), Sriperumbudur and Shamshabad near Hyderabad also present similar investment potential.
Sriperumbudur is emerging as a manufacturing hub, while the services sector is more active in GST and Shamshabad.
SOURCE: LiveMint/04-10-2007/P-7
BS Reporter / Bangalore October 31, 2007
Shriram Properties, a Bangalore-based property developer, has raised $100 million by selling a minority stake to Walton Street Capital, a US- based real estate private equity fund having assets worth $14 billion, to develop real estate projects in India.
Shriram Properties is part of the diversified Rs 25,000 crore [Note: Rs 1 crore = Rs 10 millions] Shriram Group, and plans to utilise the funds to build land bank in north and west of the country.
The company, which began operations in 1995, has so far completed five million square feet of properties in Bangalore, Chennai, Hyderabad and Coimbatore.
According to M Murali, Managing Director, Shriram Properties, "the money raised will be utilised to buy land in Gurgaon and Pune. The funds are to be invested in less than one year."
"The investment of Walton Street Capital is an extension of our relationship we had in taking up the development of the Hindustan Motors factory land in Kolkata through a special purpose vehicle (SPV)," he added.
Jeffrey Quicksilver, founding partner of Walton Street Capital, said: "The company believes in partnering with strong local companies in each market we enter, and believe that Shriram Properties has built a team and portfolio of projects with potential. We look forward to working with Shriram Properties to develop the current projects and also to execute on an expansion plan to increase footprint across India."
Oct 11, 2007
With the launch of its 8Mbps Broadband service, Airtel has become the first service provider in the country to offer such high speed Broadband.
Especially when existing Broadband speeds are not more than 256 KBps to 4Mbps.
With 8Mbps, Airtel Broadband customers will now be able to browse multiple windows even as they download heavy files, view streaming videos, enjoy online gaming, chat, email, and so on. Airtel claims customers will no longer need to wait for videos to get buffered while watching streaming videos.
Initially, the 8 Mbps Broadband service will be made available in Bangalore, Chennai, Pune, Kolkata, Delhi, and the NCR region, with a subsequent roll-out planned in Mumbai and Hyderabad.
Airtel is working on price points for its offering, though prices are likely to be roughly in the region of Rs 2,000 per download (7 to 8 Gbs). Besides, for customers who do not want a 24-hour 8 Mbps speed, the company is working out other tariff plans to make the service available for shorter periods of time.
August 2, 2007
Note: Top Medical Colleges in South India
1 AIIMS – Delhi
2 CMC - Vellore
3 AFMC (Army) – Pune
4 JIPMER – Pondicherry
5 Seth GS Medical College - Mumbai
6 Maulana Azad Medical College - Delhi
7 King George’s Medical University - Lucknow
8 Kasturba Medical College - Manipal
9 St John’s - Bangalore
10 Grants Medical College – Mumbai
11 LTM Medical College, Sion – Mumbai
12 Institute of Medical Sciences, BHU – Varanasi
13 BJ Medical College - Pune
14 Bangalore Medical College - Bangalore
15 Amrita Institute of Medical Sciences - Kochi
16 Madras Medical College – Chennai
17 Osmania Medical College - Hyderabad
18 Calcutta Medical College - Calcutta
19 Stanley Medical College – Chennai
20 Christian Medical College - Ludhiana
21 Government Medical College - Mysore
22 Gandhi Medical College – Hyderabad
23 University College of Medical Sciences – Delhi
24 BJ Medical College - Ahmedabad
25 Jawaharlal Nehru Medical College - Belgaum
