Yokohama inaugurates its first tyre plant in India at BHADURGARH

Yokohama's new tyre manufacturing plant at Bahadurgarh, India will produce 2000 tyres a day

Yokohama India, a 100 per cent subsidiary of Yokohama Rubber Company, has set up its new tyre manufacturing plant at HSIIDC, in Bahadurgarh. Bhupinder Singh Hooda, Chief Minister, Haryana inaugurated the Rs 300 crore manufacturing unit.

Speaking on this occasion Hooda, says, “We are glad that Yokohama India chose Bahadurgarh. Of every two cars being manufactured in India, one comes from Haryana. Infact, 70 per cent of the total Japanese investments in India are in Haryana.”

The commercial production of the tyres will begin in the second-half of the year 2014. According to Takeshi Fujino, Managing Director, Yokohama India, the production can be scaled upto 8,000 tyres per day in the next phases of growth.

The manufacturer claims that Yokohama tyres are designed specially keeping the Indian roads in mind. The Yokohama Earth 1 tyre comes with a wear and tear control shoulder design. The tyres have vertical and horizontal grooves which reduces uneven wear and tear. The central rib of the tyre, according to the manufacturer, helps in maximising its performance.

Yokohama India currently has around 600 sales touch points including 22 Yokohama Club Networks (YCN) across the country. YCN is a specialised network based on the company’s global philosophy of providing a world-class tyre buying experience to its dealers. The company plans to spread its wings in the country by doubling the number of YCN’s by the end of the year 2014.

Yokohama currently competes only in the tubeless radial tyre market segment, holding a two per cent market share in the country. With the new manufacturing unit which will cater to the increasing demand of tubeless tyres, the company plans to target five per cent market share.

Haryana approves Reliance Industries' quitting SEZ;

Haryana approves Reliance Industries' quitting SEZ;

to give Rs. 343 crore for land

Chandigarh: Reliance Industries' proposal to opt out of Gurgaon special economic zone (SEZ) has been approved by the Haryana government, which hyas said it will reimburse Rs. 343 crore to the company.

The amount offered by the state government for taking back the land is lower than Rs. 1,172 crore demanded by Reliance.

Chief Minister Bhupinder Singh Hooda told reporters in Chandigarh on Friday that RIL's proposal was approved by the state Cabinet at its meeting here.

Mukesh Ambani-led RIL had sought the reversal of 1,383.68 acres - from Reliance Haryana SEZ Ltd (RHSL) to the Haryana State Industrial & Infrastructure Development Corporation (HSIIDC) - saying that the project had become unviable.

An official release said the SEZ Project at Gurgaon had "been rendered economically unviable due to the mid-term corrections in the SEZ Policy viz. imposition of the Minimum Alternate Tax (MAT), withdrawal of the Tax holiday, slowdown in the global economy, prohibitively high prices of land and other problems associated with aggregation of land through private negotiations".

Sensing the difficulties posed in this behalf, the Chief Minister had requested Reliance to return the HSIIDC land, it said.

"As such, RHSL offered to return the HSIIDC land and abandon the SEZ project in Gurgaon vide their letter of January 2012," the release said.

"RHSL had requested for refund of the amount paid by them to the HSIIDC and re-imbursement of expenditure incurred on the site, apart from interest on the said amount aggregating to Rs. 1,172 crore," it added.

The proposal was considered at the level of the Haryana Investment Promotion Board, headed by the Chief Minister, after examining all the legal aspects of the Joint Venture Agreement, it said, adding that HIPB recommended acceptance of the return offer strictly in accordance with the provisions of the JV agreement.

"Accordingly, the Haryana Cabinet today approved the return of the land to HSIIDC, in lieu of payment of an amount of Rs. 343.51 crore to RHSL as against Rs. 399.85 crore paid by RHSL at the time of transfer of land and the demand of Rs. 1,172 crore by RHSL," the order noted.

"The claims on account of Administrative charges forming price of the subject, refund of the Stamp Duty, re-imbursement of development expenditure and interest amount have not been accepted. The refund amount has been worked out strictly as per the terms of the Joint Venture Agreement date 19th June 2006 signed between the HSIIDC and RVL."

HSIIDC and Reliance Ventures Ltd, wholly-owned subsidiary of RIL, had entered into a JV Agreement on June 19, 2006 for setting up of the SEZ over an area of 25,000 acres in Gurgaon and Jhajjar districts.

HSIIDC had transferred about 1,383.68 acres at Village Garhi Harsaru to the special purpose vehicle floated by HSIIDC and RVL for implementing the project - Reliance Haryana SEZ Ltd, for about Rs. 399.85 crore.

The project configuration was subsequently changed to SEZ in Gurgaon district over 12,500 acres and a Model Economic Township over 12,500 acres in Jhajjar district. Reliance was able to purchase, and aggregate, about 7,100 acres in Jhajjar, and another about 1200 acres in Gurgaon, but it was not contiguous.

RHSL also paid Annuity to the landowners whose land was acquired/procured in Gurgaon & Jhajjar amounting to Rs. 50.71 crore up to March 31, 2013. It included Rs. 17.61 crore on HSIIDC land in Gurgaon and balance amount of about Rs. 33.10 crore in Jhajjar where they had procured land through direct negotiations.

Soon after the Haryana government received the land return offer from RHSL, it has been engaged in discussions with the Union Ministry of Commerce & Industry for the best utilisation of the subject land, the release said.

"It has been agreed with the Ministry of Commerce & Industry to use the subject land for establishment of a state of the art Global City Project as a send investment node under the Delhi Mumbai Industrial Corridor (DMIC) Project," it further said.

"The Global City is envisaged to be developed as a high value added manufacturing infused area which, apart from adding to the economic development, would also help in generating skilled employment in Haryana."

Mr Hooda said the land acquired for the Reliance project would not be returned to the original owners of the land. The new project is envisaged to be an integrated model township in Gurgaon, comprising of the exhibition and convention centre, high value innovation and knowledge industries, central business district and township facilities.

The Global City Project is proposed to be developed jointly by the HSIIDC and the DMIC Trust/DMICDC through a special purpose vehicle (SPV) with equity participation by DMIC Trust and HSIIDC in equal proportions.

Manmohan Singh Laying the Foundation for Global Centre for Nuclear Energy Partnership (Jan 03, 2014) at Jasaur Kheri Bahadurgarh Project to four lanning road from Bahadurgarh — Badli – Chandu – Gurgaon 39 Kms & Govt Girls College were also inaugurated by PM.

(Prime Minister Manmohan Singh with Deepender Singh Hooda, Rohtak MP, at the foundation-laying ceremony of the Global Centre for Nuclear Energy Partnership)

Manmohan Singh Laying the Foundation for Global Centre for Nuclear Energy Partnership (Jan 03, 2014) at Jasaur Kheri Bahadurgarh

Project to four lanning road from Bahadurgarh — Badli – Chandu – Gurgaon 39 Kms & Govt Girls College were also inaugurated by PM.

Dr. Singh was addressing a public gathering at Jasaur Kheri village Bahadurgarh here after laying the foundation stones for the Global Centre for Nuclear Energy Partnership and the National Cancer Institute.

The Prime Minister said the Global Centre for Nuclear Energy Partnership would play an important role in ensuring more safety measures for nuclear power plants. When the centre is fully functional, it will work towards designing a safe and sustainable nuclear system.

The Prime Minister said locals would directly benefit from this project and get an annual royalty for 33 years, apart from compensation for their land. Many projects, worth Rs.10 crore, would be carried out for the benefit of the locals, including a girls’ college, a school for children with special needs, development of the Bhindwas Bird Sanctuary and healthcare facilities.

Govt allows RIL to surrender SEZ in Haryana

Govt allows RIL to surrender SEZ in Haryana

NEW DELHI: The government has allowed MukeshAmbani owned Reliance Industries to surrender its special economic zone in Haryana.

The decision to denotify Reliance Haryana SEZ Ltd, a unit of RIL, was taken by Board of Approval, headed by Commerce Secretary S R Rao, in its meeting on June 12.

"After deliberations, the board decided to approve the proposal...for de-notification of the sector specific SEZ for multi services.

"The approval is subject to...a certificate that the developer has either not availed or has refunded all the tax/duty benefits availed under SEZ Act/Rules in respect of the area to be de-notified, there are either no units in the SEZ or the same have been debonded, the state government has no objection to the de-notification proposal etc," the minutes of the SEZ BoA meeting said.

The BoA is a 19-member inter-ministerial body that deals with SEZs and the issues related to them.

In the meeting, the board has also directed that the information regarding that case "must invariably be sent to CBDT and CBEC for taking necessary action".

However, no reason was given by the developer for de-notification of the zone.

Reliance Haryana SEZ Ltd, a sector specific SEZ for multi services at villages Mohammadpur Jharsa, Gharauli Khurd, Khandsa and Harasru, District Gurgaon, Haryana was notified over an area of 440.71 hectares.

It was notified on November 14, 2007.

Separately, the BoA deferred the proposal of another SEZ promoted by Mukesh Ambani at Raigad in Maharashtra.

Mumbai SEZ Ltd has requested for grant of extension of in-principle approval for setting up of a multi-product SEZ Raigad, Maharashtra.

"The Board after deliberations deferred the proposal and decided to obtain the views of the State Government on the issue before considering the extension," the minutes said.

The SEZ was given in-principle approval on August 8, 2006. As per SEZ Rules, the validity of the approval was up to August, 7, 2007. The developer has already been granted six extensions, the validity of which was going to expire on August, 7, 2013.

The developer was seeking further extension of validity for one more year.

DMRC starts work on Metro to Bahadurgarh

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Monday, May 13, 2013

DMRC starts work on Metro to Bahadurgarh

The town of Bahadurgarh is all set to become the third in Haryana to be connected with Delhi via the metro rail. The Delhi Metro Rail Corporation (DMRC) recently commenced preparatory activities for the construction of a Metro corridor that would connect Bahadurgarh with west Delhi’s Mundka.

DMRC officials said once the corridor is inaugurated - scheduled for March 2016 as of now — the distance between Bahadurgarh and Mundka would be covered in just 20 minutes.

“To complete the ambitious project with other Phase III corridors, we have started work at a brisk pace,” said a spokesperson of DMRC. The foundation stone for the project was laid in February.

The soil tests necessary for carrying out construction work have already been completed and the process of identification of utilities is in progress.

The tenders for the construction of the viaduct as well as the seven Metro stations (see box) have already been floated and are expected to be finalised in a couple of months.

The contractors are expected to be mobilised by August, officials said.

According to them, the work has been divided into two parts — from City Park to MIE in Haryana and from Tikri Border to Mundka in Delhi. As per Detailed Project Report (DPR), the expected daily ridership by the year 2016 would be 1.42 lakh.

The numbers are likely to shoot up to close to 2 lakh by 2021.

The existing Metro depot at Mundka will cater to the requirements of this corridor. Another new Metro depot will also come up near the Modern Industrial Estate Metro station in Haryana.

The travel time from Bahadurgarh (City Park) to Mundka will be around 20 minutes. The travel time from Bahadurgarh (City Park) to Inderlok will be around 45 minutes while a journey from Bahadurgarh (City Park) to Kirtinagar will take around 50 minutes.

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 shining with plastic support

Mar 2, 2013,

BAHADURGARH: Bahadurgarh is known for its footwear business, but the backbone of the business is the self-sufficient plastic industry, which has been generating nearly 20 per cent of the net revenue for the industrial city.

Around 100 plastic moulding units support to not just the footwear units but to other existing industries in the region, generating job opportunities for around 2,000 people. Nearly 25 per cent of its revenue (Rs 300 crore) is generated through exports.

SUPPORT TO OTHER INDUSTRIES

Vipin Bajaj, president of the Bahadurgarh Chamber of Commerce and Industry (BCCI) said, "Plastic is required in majority of the business segments. The plastic moulding industry in the region supports industries such as, electrical components, footwear, auto components, road safety tools, insulator, and telecommunication. It also provides support to the ministry of defence and railways."

Bajaj, who is also the president of the Plastic Moulding Cluster in Bahadurgarh further added, "Apart from working as vendors to these industries, the plastic moulding industry produces air cooler pumps, hangers, furniture, road barricades and reflectors."

OP Gupta, chairman, Diamond Group of Industries (a leading footwear firm of Bahadurgarh) agreed with Bajaj and added, "Major reason behind the success of footwear industry in Bahadurgarh, is the self sufficient plastic industry of the region."

The former president of All India Plastic Industry further added, "Plastic plays a major role in the footwear industry. Its presence in the region has made business smooth and cost effective. Therefore, a majority of footwear companies have entered Bahadurgarh and made it a footwear hub in the past decade." Gupta went on to add that the plastic industry is Bahadurgarh provides support to the footwear industry in West Delhi as well.

MONETARY STATUS

Asked about the business generated by the plastic moulding industry of Bahadurgarh, Bajaj said, "There are around 100 operational units, which generate around 20 per cent of the net revenue generated in Bahadurgarh. As per the Sales Tax office report, the office has collected Rs 300 crore as sales tax from the local industries in the last fiscal. Therefore, the net revenue of the city would be around Rs 6,000 crore. Since, plastic moulding industries are generating 20 per cent of it, the net revenue generated by the plastic industry would be around Rs 1,200 crore."

Praveen Garg, general secretary, BCCI said, "Around 25 per cent of the plastic industry's revenue comes from the global merchandise. Hence, the industry is generating around Rs 300 crore through exports. 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."

Giving insight of the job opportunities being created by the plastic moulding units, Praveen Garg said, "On an average, one plastic moulding unit requires around 20 direct employees."

While the industry supports the other businesses in Bahadurgarh, Bajaj attributes the success of the plastic moulding industry to the units that manufacture plastic moulding machines in the region. "There are around 20 such units, which make work easier for the plastic moulding industries," concluded VipinBajaj.