Wednesday, June 3, 2009

Tide’s Myneni is ITA Region Player to Watch

TUSCALOOSA University of Alabama junior Saketh Myneni was named the Southeast Region Player to Watch by the Intercollegiate Tennis Association. Myneni and the other seven region winners form the pool from which the ITA National Player to Watch will be selected. That award will be announced later this month.

“This is another great honor for Saketh,” head coach Billy Pate said.

“Undoubtedly, he is still improving and getting better each day, so it’s very appropriate he is recognized as a player who could break through even more next year.”

Myneni is an All-SEC First Team selection finishing the regular dual-match season with a singles record of 15-7 and 17-8 mark in doubles. He is ranked 22nd in the nation in singles and reached as high as No. 14 on the doubles charts with senior partner Billy Mertz.

Myneni has defeated 10 nationally ranked opponents this season, including three in the top 10. Fourteen of his 15 dual-match wins have come in straight sets.

“Winning the award for our region may be the toughest,” added Pate.

“He should be an excellent candidate for the national award.”

Building A Road To Link 3 Giants

Madhu Koneru is building a road to the future that will bring together the financial heft of the Middle East, the technological know-how of a rising India and the vast natural resources of emerging Indonesia.

The $800 million infrastructure project his company, RAK Minerals & Metals Investments, is undertaking in Kalimantan will provide better access to the rich coal deposits there and create new opportunities and thousands of jobs. The project includes a 135-kilometer rail line, a road and a coal terminal.

The next stage of the project will include a $3 billion smelter and 1,400-megawatt power plant, which Koneru said would create 3,000 new jobs in the future.

“This is not rocket science,” he said. “We are developing traditional infrastructure that creates employment and industrial growth using Indonesian coal as the base.”

RMMI, a joint venture between India’s Trimex Group and the United Arab Emirates, has been working on the railway project for the past two years and expects to complete it in the third quarter of 2010. It hopes to have the smelter and power plant completed in the next five years.

RMMI was founded in 2007 with an investment of $200 million, and has grown into a global conglomerate with an asset base of more than $4 billion. The company has expanded into Africa, Europe, India and the Middle East.

Last year, it established Middle East Coal to manage the group’s coal investments in Indonesia . Koneru said the global credit crunch had not affected the appetite among Middle Eastern investors for opportunities in this region, and in Indonesia in particular.

RMMI aims to be at the forefront of the coming wave of investment to link the Middle East, India and Indonesia. “The combination of India, UAE and Indonesia is the right mix and is a proven formula,” he said. “It’s an example of how things can move forward between three countries that are so close to each other.”

India, he said, is a big market for Indonesian coal and thus has a natural interest in being part of the growth story in this country. India imports 100 million tons of coal each year to feed its growing energy needs and Indonesia is one of its biggest suppliers. Doing business in Indonesia, he said, had its own unique challenges, but was no different from other countries RMMI has investments in, such as Congo and Armenia. It took the company four months to get the necessary paperwork done for its railway line and coal terminal. But not all of its investments in Indonesia have proceeded so smoothly.

RMMI’s $1.5 billion investment in the Tanjung Api-Api integrated port project in South Sumatra hit some snags over land acquisition for the development. “In South Sumatra, we have had some problems with the land for the port, but when that issue is cleared we will go back,” Koneru said.

Infrastructure specialist Scott Younger, chief commissioner of Glendale Partners, said the project would open up access through the heart of East Kalimantan, where the development of smaller and mid-sized coal mines has proceeded slowly due to a lack of supporting infrastructure.

The RMMI railway is expected to connect six coal mines in the region, but it is unclear how many of these mines have signed up so far. “This project has been on the cards for a long time and [RMMI] are the right people to develop it,” Younger said.

Given the mountainous terrain and thick rainforest in Kalimantan, the region is largely uninhabited, except for local tribes.

It is hoped that with the road and railway track, the region may attract migrants as new industries open up, fuelling development and urban growth.

Tuesday, June 2, 2009

Professor Rao Tummala to present at 2009 International Wafer-Level Packaging Conference

The SMTA and Chip Scale Review announce that Professor Rao Tummala will be the keynote speaker at the 6th Annual International Wafer-Level Packaging Conference being held October 27-30, 2009 at the Santa Clara Marriott Hotel in Santa Clara, California.

Prof. Rao Tummala is a Distinguished and Endowed Chair Professor, and Founding Director of NSF ERC at Georgia Tech, the largest Academic Center in Microsystems pioneering System-On-Package (SOP) vision, since 1994. Prior to joining Georgia Tech, he was an IBM Fellow, pioneering such major technologies as the first plasma flat panel display based on gas discharge, the first and next three generations of multichip packaging based on 35-layer alumina and 61-layer LTCC with copper and copper-polymer thin film, and materials for ink-jet printing and magnetic storage.

Prof. Tummala has published 426 technical papers, holds 74 patents and inventions; authored the first modem packaging reference book-Microelectronics Packaging Handbook (Van Nostrand, 1988) and the first undergrad textbook-Fundamentals of Microsystems Packaging (McGraw Hill, 2001) and first book introducing the System-On-Package technology. He is a Fellow of IEEE, IMAPS, and the American Ceramic Society, and member of the National Academy of Engineering in USA and in India. He was the President of both IEEE-CPMT and the IMAPS Societies.

Saturday, May 23, 2009

Meka Dredging–Amma Lines consortium bags contract at Cochin Shipyard

A Meka Dredging – Amma Lines Joint Venture (JV) (Meka Vijay Papa Rao - Chairman, Meka Group and Amma lines) was recently awarded the annual maintanence dredging contract at Cochin Shipyard Ltd, Kochi from 2009 – 2012. The shipyard, which is currently building India’s indigenous aircraft carrier, awarded the consortium the contract after a tender process which involved several dredging contractors participating.

“It is a very prestigious project especially with the construction of the first indigenous Aircraft carrier being constructed at CSL, which is close to every Indian’s heart”, says Dr Meka Vijay Paparao, Chairman of the Meka Group.

Wednesday, May 20, 2009

Lakshmi Mills chairman G.K. Sundaram dead

Coimbatore, May 18 For Mr G.K. Sundaram (affectionately known as GKS among friends and admirers), May 17 was no different from others though it happened to be his last. The 96-year-old doyen of the Indian textile industry performed his usual chores, had lunch with grand children, played bridge at the Cosmopolitan Club before returning home for dinner. Around 10 p.m., he is said to have complained of discomfort and was taken to a private hospital, where he breathed his last.

“He has led a historic life. He was a great visionary and a perfect and righteous person. He had, over the last couple of years, become very affectionate towards his grandchildren (three grandsons and a granddaughter), always challenging them with his thoughts. He used to discuss Vedanta with his daughter, and talk about the sugar industry and politics with me,” says Ms Rajshree Pathy, Managing Director of Rajshree Sugars, fondly remembering her nonagenarian father-in-law.

Mr Sundaram, Chairman and Managing Director of the Lakshmi Mills Company, joined the family-run company as manager in 1938, after completing a course in Textile Technology at Bolton in the UK. Started initially for ginning of cotton, Lakshmi Mills grew into a composite mill producing both yarn and cloth. It recently forayed into manufacture of garment as well, to cover the entire textile chain.

The symbolic logo of Goddess Lakshmi has been associated with the Lakshmi Group. “Mr GKS evolved it as early as 1964 and the patent was in his name. It has since been assigned to the Kuppuswamy Naidu Memorial Trust,” the Chairman and Managing Director of Lakshmi Machine Works, Mr D. Jayavarthanavelu, said.Multi-faceted
GKS had a multifaceted personality. He participated in the freedom struggle and served considerable periods in prison, was a member of the Rajya Sabha (1968-74), was the founder President of various associations such as the South India Cotton Association, Indian Chamber of Commerce and Industry, South India Textile Research Association, Wind Power Producers Organisation, Coimbatore Management Association, Kamban Kazhagam (Coimbatore Chapter), Bharatiya Vidhya Bhavan and so on.


His friends recall how he used to relentlessly expose the rules and regulations that hindered the working of the textile industry without fear and would never give up his pursuit.

Navayuga Engineering Company completes Khor Fakkan Port expansion project

Navayuga Engineering Company (NEC), (Chinta Visveswara Rao, chairman and Managing Director) the Abu Dhabi-based infrastructure development and construction company, has completed the Khor Fakkan Port Expansion Project for Berth 6, contracted from Athena SA, as per schedule.

The complex work involved the installation of bored pile foundation with piles extending to depths of up to 25 metres in deep sea. The successful on-schedule completion of the project marks NEC's competencies in undertaking marine projects that involve deep-sea backfilling work.

With a successful track-record of on-schedule delivery of mega infrastructure projects in the UAE, Navayuga is on the road to attain its growth targets set for the year, said Mr Antony A David, General Manager, NEC. 'When we commenced operations in the UAE last year, our goal was to highlight our strengths in complex infrastructure projects.

The Khor Fakkan Port Expansion Project is a testament to our capabilities, and we will leverage this experience for future expansion.' Mr. David said that NEC will continue to focus on the emerging markets in the Middle East region in the coming months. 'Infrastructure development continues to be a priority for the region, and we will partner in the public and private sector initiatives to contribute to supporting regional projects with world-class technology and manpower support.' For the Khor Fakkan project, NEC laid 159 numbers of 900 mm diameter bored in-site piles.

The pile testing procedures, including static load test, dynamic test and non-destructive integrity testing, were carried out in accordance with the specifications for piling by the Institution of Civil Engineers, UK. Two heavy duty piling rigs, two cranes of 50 and 80 tonnes and two vibro hammers were employed on site. Twenty technical staff-members supervised and executed the scope of the contract.

With its headquarters in Abu Dhabi and a branch office in Dubai, NEC has a team of over 500 professionals and skilled workers in the country. The company aims to become one of the top ten piling companies in the UAE and has accordingly mobilized a large fleet of equipment.

Tuesday, April 7, 2009

Karuturi Global MD invited to join inaugural class of Frontier 100

Mr. Sai Ramakrishna Karuturi, Managing Director of Karuturi Global Ltd was invited to join the inaugural class of Frontier 100, an initiative of IGD, Initiative for Global Development.

Frontier 100, identifies promising CEOs in developing countries and creates opportunities for these leaders and global CEOs to exchange knowledge, develop business and collaborate in global leadership.

IGD is a national alliance of U.S business leaders that works to promote global poverty reduction through national policy advocacy and through its Programs for Enterprise Growth, which advance private sector solutions to expand economic growth in poor countries like Africa.

Mr. Karuturi is selected as one of the top 20 CEO of the African region to take part in this inaugural session of Fortune 100 for his efforts in alleviation of poverty through the agri initiative in Kenya and Ethiopia. Ethiopian Meadows PLC an 100% subsidiary of Karuturi Global Ltd was allotted 8,50,000 acres of land by the Ethiopian government during 2008 for cultivation of food grains, palm oil, sugar cane and already 30,000 acres of land is brought under cultivation. This agri initiative when fully operational by 2013-14, is expected to fulfill a large part of the global food demand.

Sher Karuturi based in Kenya is the worlds largest floriculture unit with a greenhouse production capacity of 600 million stems per annum and with 188 hectors of land under cultivation. Sher Karuturi employs around 4,000 workers in this farm whose produce is exported to Europe, Middle & Far east and USA.

With these two production facilities put together, Karuturi holds one of the largest agriculture land bank in the world.Mr. Sal Ramakrishna Karuturi is the only CEO of Indian origin in Africa to be invited for this inaugural class of Frontier 100.Frontier 100 provides unique opportunities for developing country CEOs:

a) New opportunities for business to engage in frontier markets can catalyze growth and reduce poverty in poor countries.
b) Connects with other frontier markets business leaders.
c) Members gather once a year to discuss business issues and establish a basis for shared leadership on issues of global concern.
d) Enterprise Teams from global and frontier countries to address common Challenges.

This event is hosted by former U.S Secretaries of State Mrs. Madeleine Albright and Mr. Colin Powell and will feature discussions with prominent business leaders like Neville Isdell, Chairman, Coca Cola Company, Eduardo Castro-Wright, Vice Chairman Wal - Mart Stores, Inc, Jeffrey R Immelt, Chairman and CEO General Electric etc. This event is scheduled to commence from May 04, 2009 in New York City. USA.