COIM OPENS SYSTEMS HOUSE IN INDIA - BAHADURGARH

COIM OPENS SYSTEMS HOUSE IN INDIA

On February 25, 2013, the Board of Directors of COIM Group announced, the inauguration of COIM’s first System house and warehousing facility in India, located at Plot No 2526, Sec- 17 HSIDC, Footwear Park Bahadurgarh, about 40kms from New Delhi.

COIM Group’s President Dr Mario Buzzella, co-founder of COIM, lit up the auspicious lamp to signify the opening of the new site. About 150 guests attended the opening ceremony.
In his address to the participants Dr Claudio Zocchi reiterated the importance of the Indian market in the overall business strategy of Coim Group in the Asia Pacific region.
The new system house, with a fully equipped laboratory, will further enhance the capabilities of Coim India in the Polyurethane Footwear business.
The Indian site will also support the commercial operation of other COIM’s polyurethane specialties businesses including TPU (Laripur), Hot Cast Elastomers (Imuthane) and Flexible Packaging Adhesives (Novacote).

Bahadurgarh Inc Grows on Liberalization Spark

Bahadurgarh Inc Grows on Liberalization Spark

BAHADURGARH: In the past two decades, especially after liberalisation, Bahadurgarh has witnessed signs of industrial growth. Today, there are around 2,500 units based here clocking a turnover of around Rs 6,500 crore employing 50,000 people. Jitender Singh, AGM of HSIIDC, Bahadurgarh said, "The city's economy has grown at 20 percent CAGR (compounded annual growth rate) since past 20 years."

ROUGH BEGINNING

"Initially, during the regime of Pratap Singh Kairon (first CM of Punjab province), a majority of units that arrived here were micro-sized units. The city failed to attract giant units and thus most units continued to remain as vendors," said Vipin Bajaj, president of Bahadurgarh Chamber of Commerce and Industries (BCCI).

He said that the government bodies tried hard to bring it to the level of Faridabad by introducing Modern Industrial Estate (MIE) through Haryana Urban Development Authority (Huda) in 1973. But, it didn't work.

LIBERALIZATION SPARK

"It's true that Bhadurgarh failed to grow as it was envisioned, but after liberalisation, industries like plastic moulding, machinery fabrication, PVC moulding, tool room for wire and cable moulding, rubber moulding, tile manufacturing etc settled in Bahadurgarh," said Bajaj. They grew without the support of any large unit and diversified the economy of the city.

BCCI general secretary Praveen Garg said, "Faridabad had giant players like Escorts and Eicher, which had the capacity to provide lifeline to around 300 MSMEs. Apart from this, larger units enhanced the liquidity flow in the market with the aggressive marketing strategy, while in case of small units; they needed to work on a lower profit margin."

"The emergence of Bahadurgarh as a plastic hub resulted in growth of the footwear industry. Many footwear units relocated themselves here in the past decade. The Haryana government also instituted a footwear park in Bahadurgarh which is contributing around Rs 2,000 crore per annum to the city's economy," said Garg. He added that the Haryana government was instrumental in attracting larger units to the region in its industrial estate, which contributes around Rs 3,000 crore — around 40 percent of the city's turnover.

CURRENT POTENTIAL

"Now, there are around 30 giant players, including Hindustan National Glass and Industries Ltd, Hindware, Surya Roshni Lighting, Action Shoes, Diamond Industries, Relaxo, Parley G etc. However, they are largely self reliant. They don't outsource much business to feed small enterprises as in the case of Maruti or Escorts. Apart from footwear, rest of the industries are still not enough to garner that much of business from the existing giant players," said Garg.

Elaborating on the industries operating in Bahadurgarh, Garg said, "Today, there are around 500 units of footwear in Bahadurgarh contributing around one-third of the net turnover of the city. Apart from this; there are iron and steel fabrication, plastic industry, rubber industry, machinery fabrication, auto components, wires and cable manufacturing industry, pharma, sanitary, ceramics, medical equipment manufacturing industry etc." Â

Garg was of the opinion that such a diversification and emergence of footwear industry in the region was due to the massive expansion in the consumer durable items and its consumption.

On annual turnover of Bahadurgarh, Vipin Bajaj said, "As per the income tax and revenue department, they have garnered around Rs 300 crore from the industries operating here. So, net turnover of the city would be around Rs 6,000 crore. Apart from this, there are some (large) units that file I-T returns in Delhi, though they have unit(s) in Bahadurgarh. Therefore, the net annual turnover of Bahadurgarh would be near Rs 7,500 crore."

EXPORT BIZ

Bahdurgarh units are in exports also. "As per BCCI records, Bahadurgarh-based units have exported to nearly 70 countries in the past year mostly to the US, Canada, Europe and West Asia," said Bajaj of BCCI. "These units generated around 10 percent of the net revenue through exports. Therefore, net export of the city is around Rs 750 crore per annum. Major export items are footwear, pharmaceuticals and medical equipment, sanitary and ceramics, auto components etc."

"The city remained to lag behind because of lack of industrial innovation," added Garg. On the job creation front, "The region has created 25,000 direct jobs and the same number of indirect jobs. However, for such a large workforce there is no fully equipped hospital," concluded Garg of BCCI. 

Bahadurgarh Industrial Estate expansion to create business opportunities worth Rs 3,000 crore

Bahadurgarh Industrial Estate expansion to create business opportunities worth Rs 3,000 crore

Nov 22, 2012,

BAHADURGARH: Bahadurgarh Inc is expecting a boom in the industrial sector on account of the development of new sectors in the industrial estate by the Haryana State Industries and Infrastructure Development Corporation (HSIIDC).

With 121 operational units and another 387 units to become operational by mid 2013, HSIIDC is expected to create business opportunities worth Rs 3,000 crore annually and jobs for nearly 75,000 people in the local economy. The industrial estate is spread in 555 acres of land, which is expected to give home to around 600 units.

There are 121 units, which are operating in the Bahadurgarh Industrial Estate developed by the HSIIDC and 235 more units would become operational in Sector 17 by January 2013, while 152 units would become operational by July 2013," said Gulshan Kumar, DGM, HSIIDC, Industrial Estate, Bahadurgarh. He said that Sector 17 is completely devoted to the footwear park, while sector 16 will have general industries.

REVENUE GENERATION

Talking about the investment, the HSIIDC official said, "The total cost of land and infrastructure development is estimated at Rs 100 crore. Apart from this, an investment of Rs 1,008 crore is expected from the industrialists for setting up their plants and required machinery in the region."

Subhash Jagga, general secretary of the Bahadurgarh Footwear Park and member of the Bahadurgarh Chamber of Commerce and Industry said, "On an average, one unit in the region would generate around Rs 5 crore per annum business. Hence, the estate is expected to add nearly Rs 3,000 crore in the industrial revenue generation of the city." However, Jagga reminded that the figures would be a reality only when the 132 KVA power sub-station becomes operational in the Bahadurgarh Industrial Estate.

LAND MANAGEMENT

The entire estate is spread in around 555 acres of land, where size of plots range from 450 square metres to 4 acres in Sector 16. In Sector 17, plots range from 450 sq m to 2.5 acres,"said Jitender Singh, AGM, HSIIDC, Bahadurgarh.

According to Singh, the major allottees in the industrial estate are Relaxo Footwear, Welcome Footwear, Diamond Footwear, Sumanglam Impex, Rinder India, Shri Bankey Bihari Embroidery, Ambika Forging, Hemstich India, Prudent Metal etc. The HSIIDC officer further added, "The industrial estate would generate around 28,000 direct job opportunities in the region."

When you count job creations, you need to count the indirect job creations as well, pointed out Subhash Jagga of Bahadurgarh Chamber of Commerce and Industry. "The units here in Bahadurgarh create around 1.5 to two times of their direct jobs. Therefore, net job opportunities being created by the Bahadurgarh Industrial Estate would be around 70,000 to 75,000," said Jagga.

 FURTHER EXPANSION

In view of the overwhelming response from the entrepreneurs, the HSIIDC has further acquired about 177 acres of land for the Industrial Estate in Sector 4B, Bahadurgarh. Total 46 plots have been carved out in this new sector, whereas 25 acres of land has been allotted to Yokohama India Private Limited," said Jitender Singh of HSIIDC. Singh further added, "Yokohama is a prestigious project for us as it involves investment of around Rs 965 crore and job opportunities for nearly 900 people."

Other big units in Sector 4B are Neolite, ZKW Lightings, Adlec Systems etc. Total project cost at Sector 4B for providing infrastructural facilities including a water treatment plant (WTP) and disposal of storm water drainage is Rs 85 crore," said Jitender Singh. He said that around 65 percent of the developmental work would be completed by March 2013