Friday, October 30, 2009

Dr.Koneru Prasad's HEAL Cycle India 2010 Charity Bike Ride

Wakefield, West Yorkshire October 30, 2009 -- Preparations for the second charity bike ride in aid of the charity Heal are well under way. A group of adventurous people from the UK and the USA will be flying into Bangalore on New Years Day and will be met by a group of Heal supporters from India.

The 190 mile bike ride will raise around £100,000 for the charity which supports orphaned and underprivileged children in Andhra Pradesh.
Heal was started in 1992 by Dr Koneru Prasad, a doctor from Peterborough, UK who donated his family home in Guntur, India to the fledgling charity. Now Heal provides education and healthcare for over 1,000 children in Andhra Pradesh, and has ambitious plans to extend its reach to 15,000 children by 2015.

Matthew Glover, the UK organiser of
Cycle India explained, "All the cyclists taking part are currently working hard, both training for the event and fundraising for the charity. The reward for all this effort is cycling through the beautiful scenery of the Coorg, and afterwards visiting the Heal Childrens Village in Guntur to meet the kids".

At present there are 22 people from the UK, and 11 people from the USA taking part. With those joining Heal from India there should be around 40 people cycling for this worthwhile cause. There are still a few places left for Cycle India 2010, should anybody be interested in taking part in this life changing event.

All funds raised will go towards building a new residential school for children from deprived backgrounds in Vijayawada, the birthplace of Heal's founder Dr Prasad. The school will be Heal's most ambitious project to date, with the intention of creating a happy and safe learning environment for over 1000 children. Heal currently supports projects in Guntur, Vijayawada and Bhadrachalam but is looking to develop many more projects over the coming years.

Now in its 17th year, HEAL - a UK registered charity - is committed to providing shelter, support, education and healthcare for needy children. As a small charity they are committed to ensuring that donations are not wasted on administrative costs, such as advertising and salaries. They achieve this because they have no administrative office and no paid administrative staff.

Heal UK is the fundraising arm of the charity, but the real hard work is undertaken by the trustees and staff of Heal India where all our good work is undertaken. We have also recently added Heal USA as a further fundraising arm of the organisation.


Wednesday, October 28, 2009

Lingaya's University - Faridabad (Named after Late.Sri Gadde Lingayya)

The Lingaya’s University- the name of this University is kept on a great writer and freedom fighter “Late Shri Lingayya Gadde”. After the Independence of India Late Shri Lingaya Gadde dedicated his rest life in the sake and upliftment of the Society.

He wrote a number of books on social grounds. He translated many novels of Sarat Chandra in Telegu, his mother tongue. The University setup in a Haryana’s rural area.

The erstwhile Institute has been now declared as Deemed-to-be University in the name & style of Lingaya’s University under Section 3 of UGC Act. 1956 by the Ministry of Human Resource Development, Govt. of India vide Notification No. F.9-23/2005-U.3 dated 5-1-2009.

The University is located within the Municipal Limits of Faridabad at Nachauli on Old Faridabad – Jasana Road. It has a sprawling campus situated in green pastures and pollution free sylvan surroundings. Academic blocks, Air-conditioned Library, Workshops, Laboratories, Auditorium, Student Activity Centre, Play Grounds, Gymnasium, Hostels etc., are spread over 26.5 acres of land having total built up area of more than one million sq.ft.

The University offers various undergraduates and post graduate courses in Engineering, Technology, Management and Computer Applications and has state-of-the-art laboratories, a well stocked library and one of the best computing facilities.

Chairman & Chancellor: Gadde V Sinha
Secretary: Gadde Picheswar

Campus : Nachauli, Jasana Road,Faridabad-121002Tel : 0129-2201008/9 Fax : 0129- 2202615

Head Office :Lingaya's House, C-72, 2nd Floor, Shivalik, Malviya Nagar,New Delhi-110017 Ph:+91-11-40719000-99Fax No.-40719023

website: http://www.lingayasgroup.com/
website: www.lingayasuniversity.edu.in

Tuesday, October 27, 2009

SevenHills Healthcare plans to set up health cities pan-India

Mumbai: Hyderabad-based SevenHills Healthcare Pvt Ltd has plans to set up 'health-cities' across the country over the next couple of years, a top company official said.

"We have plans to set up health cities across metros and other cities," SevenHills Healthcare's Chairman and Managing Director, Jitendra Das Maganti, told PTI here.

SevenHills is coming up with one of Asia's largest 1,500-bed private hospital in India's financial capital at an investment of Rs1,000 crore. The first phase of the hospital is expected to commence operations from next month.

The hospital, with a 300-bed critical care unit and 36 modular operation theatres, which are much larger compared to even public sector hospitals, is the first of its kind in Mumbai.
A health-city is an integrated centre for clinical and wellness services, medical education and research.


The proposal is, however, on the drawing boards, he said, adding, "We dont want to do things in a hurry - we want to make our presence felt on the country's healthcare map, but gradually."
Locations, where these centres are to be set up, are also being explored, Maganti said.


"There is an immense potential for such healthcare centres. Mumbai itself needs 7-10 hospitals of such magnitude, he said.


Being set up under the public-private partnership, the company's upcoming hospital in Mumbai has a built-up area of two million sq ft and 16 blocks divided into 11 levels.

"The BMC has leased out 17 acres of land for 60 years for this project. As a part of the agreement, 20% of the hospital's total bed-capacity (300 rooms) will be reserved for the treatment of the BMC's staff," Maganti said.

"Our concept of making a hospital is entirely different. We intend to create an affordable hospital at every place," he said, adding the business model was based on volumes, which would reduce the treatment cost by upto 25% compared to other privately-managed big hospitals in the city.

The funds have been raised through 50% private capital and remaining loans from a consortium of banks, he said, adding, "We have already completed two financial closures."


In addition, the hospital also has the provision for a helipad as well as a car parking slot, which could accomodate up to 1,500 cars at a time.

"We have planned a helipad, both on the rooftop and also one on the ground. We have applied to the directorate general of Civil Aviation for regulatory approvals," Hospital Services Development vice president, Sanjay Sharma, said.

Friday, October 23, 2009

7 Seas Technologies partners with Intel to reach out to the customers

HYDERABAD: 7Seas Technologies, (Lingamaneni Maruthi Sankar Managing Director) the IP-based game development company has partnered with Intel Business Exchange (Intel BX) to help discover solutions featuring Intel technology on its business exchange programme to reach out to gaming customers.

As per the agreement, 7Seas' multi genre PC racing game 'Kraze' will be made available on Intel BX.

Said 7Seas Technologies MD Maruti Sanker, "This agreement is important for our strategic entry into India for the growth of our online sales. The Intel BX brings together best-of-breed products built on Intel technology to create a convenient and vetted one-stop shopping experience for SMB customers."

The tie up enables customers to evaluate and purchase the PC racing game 'Kraze' for playing on Intel processor based PCs that will be available to consumers online as well as offline.


"The Indian gaming market is yet to be fully tapped and there is enough scope for technology players to bring exciting offerings into the market. Making 'Kraze' available on the Intel BX will make it convenient for customers to test and buy the game online in a convenient manner," said Intel Software and Services group Asia Pacific director Narendra Bhandari.

In 'Kraze' players compete for the 'Kraze Championship' including various racing modes like off-road, rally, formula one and street race.

Tuesday, October 20, 2009

Mandava Divija bags ITF title

HYDERABAD: Mandava Divija of Hyderabad won the girls singles title in an ITF tennis tournament in Sri Lanka on Friday, according to reports received here on Sunday.

She defeated Roshenka Fernando of Sri Lanka 6-2, 6-1 in the first round, then Namitcha of Thailand 6-0, 6-1 in the second round, Tarvanam Honda of Indonesia 6-2, 6-1 in the quarterfinals and Chinkischa of Thailand 2-6, 6-4, 6-3 in the semifinals before getting the better of Amrutha Muthaiah of Sri Lanka 6-1, 6-3 in the final.

Tuesday, October 13, 2009

Edison Of India – G.D.Naidu – Great Inventor

G. D. Naidu (Gopalswamy Doraiswamy Naidu) who is sometimes referred as the “Edison of India.His contribution spans the fields of electrical, mechanical, agricultural (Hybrid cultivation) and automobile engineering . Mostly at an Industrial level than the Academia.

If there is one name that best symbolises Coimbatore’s spirit of entrepreneurship, it is that of G D Naidu. Born on March 23rd, 1893, in Kalangal near Coimbatore, this school dropout began his Transport business in 1920, with the purchase of a passenger auto-coach, which he himself drove for the service between Pollachi and Palani. In a matter of a few years, his United Motor Service (UMS) owned the most efficient fleet of public transport vehicles in the country. In 1937, the first motor to be produced in India, was brought out at G D Naidu’s UMS factory.

As an inventor, G D Naidu was one-of-a-kind in the country. He invented an Electric Razor – Rasant, that gave users far more shaves than other existing options in the international market. Among his other inventions were the super-thin shaving blades, a distance adjuster for film cameras, a special fruit juice extractor, a tamper-proof vote-recording machine and a kerosene-run fan. In 1941, he announced that he had the ability to manufacture five-valve Radio sets in India at a mere Rs 70/- a set. In 1952, his brainchild – the indigenously built Petrol engine two-seater Car (costing a mere Rs 2,000/-) rolled out. But production was stopped subsequently, because of the Government’s refusal to grant the necessary license. His inventiveness was not confined to machinery alone. He is said to have grown ten feet high Cotton plants, millet plants with high yields and several injections for plants that made possible what Sir C V Raman called “Botanic marvels”.

On his trips abroad, Naidu always seemed to draw appreciation for his innovations and his personal drive. In 1935, he personally filmed the funeral of King George V at London. In 1936, he met Adolf Hitler in Germany (even taking Still Photographs of the Fuhrer)[citation needed]. Among the Indian stalwarts that GD Naidu’s camera captured were Mahatma Gandhi, Pandit Jawarharlal Nehru and Subash Chandra Bose. GD Naidu remained an outsider to Politics, despite having contested and lost in the 1936 Provincial General Elections.

In 1944, Naidu retired from active involvement with his automobile combine and announced several philanthropic measures including grants for Research scholarships and welfare schemes for his employees and the depressed sections of society. Through Naidu’s efforts and his donations the Arthur Hope Polytechnic and the Arthur Hope College of Engineering were set up. In 1967, the G D Naidu Industrial Exhibition, conceptualised, designed and built by the great man himself, was established.

With his demise on the 4th of January, 1974, Coimbatore lost its greatest ambassador to the world. There have been several tributes paid to this legend, but none seems as apt as that by Sir C V Raman: “A great educator, an entrepreneur in many fields of engineering and industry, a warm-hearted man filled with love for his fellows and a desire to help them in their troubles, Mr Naidu is truly a man in a million – perhaps this is an understatement!”.

He is credited in manufacturing the first electric motor in India. An Industrial Exhibition in Coimbatore is held in his name. He started the first Engineering college at Coimbatore (now known as Government College of Technology). He provided employment in engineering and manufacturing sector to many individuals in fifties and sixties (early for a home grown entreprenuer in India). He was considered as a visionary in Coimbatore and rest of Tamil Nadu as well.

Bollini Munuswamy Naidu: First Kamma Chief Minister of Composite Madras state

Bollini Munuswamy Naidu (b. 1885 - d. 1935) was the Chief Minister of Madras Presidency from October 27, 1930 to November 4, 1932.

Munuswamy Naidu was born in Velanjeri near Tiruttani of Tamilnadu in 1885 in a family of agriculturists. He studied law and worked as a lawyer and businessman. He was one of the early members of the Justice Party. On the death of the Raja of Panagal in 1928, Munuswamy Naidu was appointed President of the Justice Party.

Munuswamy Naidu served as the President of the Justice Party from 1928 to 1932. Under his leadership, the Justice Party won the 1930 Madras Assembly elections and Munuswamy Naidu served as Chief Minister or Premier from 1930 to 1932. During Naidu's tenure, Madras was engulfed in a financial crisis arising out of the Great Depression. His tenure is also remembered for his clash with zamindars and his rivalry with the Raja of Bobbili. Naidu resigned in 1932 sensing serious opposition in party ranks. He lost the leadership of the party to the Raja of Bobbili and eventually retired from active politics. Munuswamy Naidu died in 1935.
Munuswamy Naidu was a close associate of N. G. Ranga. Naidu's leadership is also remembered for his efforts to remove restrictions on Brahmins joining the party.

Early life
Munuswamy Naidu was born in 1885 in Velamjeri in Chittoor district to a Kamma Naidu family. of farmers. He was the first Chief Minister from the Justice Party with an agriculturist background.

Munuswamy Naidu had his early education at Madras Christian College and graduated in law and practised as a lawyer. He was also a moneylender, farmer and businessman and owned a mill in Chittoor district.


Rise to power
The Raja of Panagal, President of the South Indian Liberal Federation, died on December 18, 1928. Munuswamy Naidu was nominated to succeed him. Munuswamy Naidu led the Justice Party throughout its period in opposition between 1928 and 1930. He also led the party during the assembly elections held in 1930.

In the elections held in October 1930 in Madras Presidency, the Justice Party fielded 45 candidates and was in an alliance with the Ministerialists. As the Tamil Nadu Congress Committee did not participate in the elections, the Justice Party swept to power without encountering any serious opposition. The Justice Party secured an overwhelming majority in the districts of Vizagapatam, Chingleput, West Godavari, Bellary, Trichinopoly and Tinnevely. It claimed to have won nearly 70% of the total number of votes polled.

Bollini Munuswamy Naidu, the leader of the Justice Party, formed a government on October 27, 1930.

As Chief Minister of Madras Presidency
Munuswamy Naidu took office as Chief Minister on October 27, 1930 and served till November 4, 1932 Munuswamy Naidu's tenure as Chief Minister was afflicted by controversies. He assumed the Chief Ministership at a critical juncture. The Great Depression was at its height and the economy was crumbling. Moreover, the southern districts of the Presidency had been afflicted by floods. The government was, therefore, compelled to increase the land tax in order to compensate for the fall in prices.

Soon after Munuswamy Naidu formed the government, the Justice Party was torn apart by factionalism. The Zamindars who had supported the Justice Party were disgruntled at the fact that two of the foremost landlords of the Presidency, the Raja of Bobbili and the Kumara Raja of Venkatagiri had not been included in the Cabinet. Under the leadership of M. A. Muthiah Chettiar, the disgruntled Zamindars organized a "ginger group" in November 1930.

This "ginger group" accused Munuswamy Naidu of having a soft corner for the Indian National Congress and Swarajists. Moreover, Munuswamy Naidu was also close to N. G. Ranga, the leader of the Ministerialists who were opposed to the Zamindars. Munuswamy Naidu gave his explanation
When two of his ministers, P. T. Rajan and S. Kumaraswami Reddiar resigned their posts, Munuswamy Naidu began to fear a no-confidence motion. He resigned before such a motion could be brought forth. Munuswamy Naidu was succeeded by the Raja of Bobbili as Chief Minister.


End of party leadership
The Twelfth Annual Confederation of the Justice Party was held at Tanjore on October 10 and October 11, 1932. The Raja of Bobbili was chosen to preside over it. However, a facton supporting Munuswamy Naidu (then the Chief Minister) refused to allow the proceedings to continue. An eyewitness records that furniture and shoes were hurled around by members of opposing factions. However, the Raja of Bobbili prevailed and eventually assumed the leadership. This marked the end of Munuswamy Naidu's influence in the party and he gradually faded from limelight.


Later life and death
Munuswamy Naidu retired from active politics in 1932. He died in 1935.

Ideology
Munuswamy Naidu was a staunch supporter of the Justice Party and the non-Brahmin movement. At the same time,he also supported the admission of Brahmins in the party.

At a tripartite conference between the Justice Party, Ministerialists and Constitutionalists in Madras in 1929 a resolution was adopted recommending the removal of restrictions on Brahmins joining the organization. The Executive Committee of the party drafted a resolution to this effect and placed it before the Eleventh Confederation of the party at Nellore, for approval. At this Confederation, Munuswamy Naidu spoke:

Tuesday, October 6, 2009

Leading British Director Bharat Nalluri launches search for rising talent in UK Film industry

14 Islands, 14 Filmmakers, 14 Days, £14,000 prize: the hunt for new British filmmakers begins.

Golden Globe-nominated director Bharat Nalluri today launches a nationwide search to find the UK’s most talented professional or aspiring filmmakers, in a campaign to support the home-grown talent of Britain’s film industry. The 14 Islands Film Challenge will give 14 filmmakers a once in a lifetime opportunity to spend two weeks filming on an idyllic island in The Bahamas and use the challenge as a launch pad for their careers.

Supported by the National Film and Television School (NFTS) and The Bahamas Tourist Office, the challenge seeks to engage with up and coming or professional filmmakers and give them the chance to compete for a £14,000 cash prize and state-of-the-art camera equipment. This is combined with the opportunity to draw on scenery which has been the backdrop of many iconic films including; Pirates of the Caribbean, Casino Royale and The Silence of the Lambs.

Nalluri, whose rise to fame has included directing BBC-smash hits such as Spooks, Hustle and Life on Mars will Chair the panel of esteemed judges who will select the final 14 lucky filmmakers. Other judges include Finola Dwyer, Chair of the BAFTA Film Committee, Nik Powell, Director of the NFTS and Tommy Thompson, Deputy Director General of Bahamas Tourist Office.

With the British film industry seeing an unmistakable emergence of exciting new directors, The 14 Islands Film Challenge will give those selected a chance to learn from the industry’s finest. An experienced producer will help the finalists during the making of the films whilst in The Bahamas and provide guidance through the editing process, with use of the National Film and Television School’s editing suites in Beaconsfield on their return. All 14 films will be aired at a prestigious red carpet event at BAFTA in March 2010 when the winner of the challenge will be revealed.

To participate in the challenge, Britain’s rising directors are required to submit a 500 word treatment on an inspirational person from their local community and their reasons why they should be chosen. Judges will then select around 40 candidates to submit a short film based on their treatment and from those films, 14 finalists will be selected. All entries will be available to view on the challenge website.

The shortlisted filmmakers will take inspiration from the warmth of the Bahamian people to tell inspiring stories through their films. The filmmakers will be encouraged to show the islands in their own way and demonstrate their creativity and individuality through their final cut. Each filmmaker will be based on one of the 14 main islands of The Bahamas and assigned a local team, dedicated to helping them experience and capture true Bahamian life.

Bharat Nalluri, whose directing credits include blockbuster films such as Resident Evil and Alien V Predator, talks about how important it is to give new filmmakers a chance to prove their talent: “The chance to travel to beautiful locations, make personal films, mix with industry experts, have the best camera equipment to hand and showcase your finished work around the world - The 14 Islands Film Challenge is a wonderful opportunity for any aspiring filmmaker. I wish it was around when I first started in the industry.”

Apex lines up Rs 150 cr for its food division

Apex Agro Food Products Private Limited, a subsidiary of Apex Encon Projects, would spend Rs 150 crore over the next 4-5 years for setting up food processing units, cold storage plants and other infrastructure across the country.

“We expect our food division to account for a Rs 500 crore turnover by 2014-2015 and, accordingly, we will invest Rs 150 crore in next 4-5 years in this sector,” Rama Rao Nekkanti, Chairman, Apex Encon Projects, told.

The company is setting up a food processing unit at Saluru in Srikakulam district. The unit will have a 15,000- tonne capacity cold storage plant to be built with an outlay of Rs 25 crore and will commence operations by next March, he said.

Among others, Apex Agro has bought two old units – one each at Hyderabad and Ahmadnagar in Maharashtra. The company plans to spend Rs 40-50 crore on both these units.

It is also proposing to set up nearly 60 agricultural products collection centres across the country for its proposed food processing units. “We already have 600 acres and are acquiring over 2,000 acres for contract farming. We are tying up with farmers and will provide technical, infrastructure and financial support to them for cultivating fruits and vegetables,” he said.
Rao said the company would also set up an onion irradiation plant in Nashik for process and export of onions.


The food division is likely to contribute Rs 30 crore to the turnover during the current fiscal. On the whole, Apex Encon is targeting a turnover of Rs 500 crore and a net profit of Rs 100 crore. Last fiscal, the company achieved a net profit of Rs 52 crore on a turnover of Rs 275 crore.

The Constant Gardener: Sai Ramakrishna Karuturi

He owns land eight times the size of Mumbai, 7.4 lakh acres to be precise. He claims to be the world's largest holder of greenhouse assets (750 acres) and the world's largest landbank holder.

His company, Karuturi Global, figures among the top 25 agri transnational corporations. But he wants more — to break into the top 10 and rub shoulders with the likes of ConAgro and Cargill.

Meet Sai Ramakrishna Karuturi whose improbable journey has taken him, at 43, from a family-run cable business in Bangalore to being one of the biggest landowners in the world. No mean achievement for a boy who was thrown out of six schools before landing on his feet at Mysore's Sri Rama Krishna Vidyashala. He's forever indebted to the institute's Swami Sureshanandaji and to his parents who refused to give up on a "difficult child."

Karuturi, the 'rose king of the world', with an annual capacity of 550 million roses and a 9 per cent share of the crucial European market, has today gone far beyond floriculture. Given that food shortages are likely to be an enduring global phenomenon with resultant high prices, he's diversifying into food production.

How did a man with a mechanical engineering degree from Bangalore University and an MBA from Case Western Reserve University, Cleveland, who made it to the Dean's honours list, get into floriculture? Karuturi says he was looking at a significant diversification from the core electrical contracting business and the North-South (hemisphere) arbitrage opportunity in horticulture appealed to him.

And the shift to Africa? The decision to enter Africa — a game changer for him — came from an Edward De Bono seminar he attended. "There I learned the importance of thinking. It made me look beyond India for production and prospects. It was a paradigm shift in our outlook." Today, he has extensive holdings in Kenya and Ethiopia — some owned and most on 90-year lease — as well as in India.

However, he scotches all talk of taking on Ethiopian citizenship. "I treasure my Indianess and will always be an Indian citizen. I am sure things will evolve suitably in India for a more aggressive opportunity play in agricultural production sooner rather than later."

Karuturi's Global's topline reflects this exponential growth. Revenues rocketed from Rs 44 crore in March 2006 to Rs 454 crore this past fiscal. Net profits have also zoomed from Rs 14 crore to Rs 117 crore in the same period. So have debts. Karuturi says "internal accruals and additional capital infusion have funded" his massive land purchases.

And it isn't just getting the backend right that has worked for Karuturi. Building relationships with customers and prioritising them has helped build long-term, sustainable ties. For example, when the Gulf war broke out, all flights off-loaded cargo as they had to carry additional fuel. "We had an order to supply to a very large supermarket in the UK. I routed my flowers into Nairobi on Kenya Airways and into London. My customer got his roses, when most of his other suppliers let him down. He still swears by us," he says.

Indians who have ventured into Africa have generally stuck to trading, and at most, to mining. Agriculture's unchartered territory. How did Karuturi land there? "Africa was not an option but inevitable in our journey to excel in agriculture.

India has fragmented and very expensive land. Also, land is a politically emotive subject, and legal limitations restrict large-scale agriculture." However he is optimistic that agriculture in this country will change in his lifetime. "India has 120 million hectares of land with over 200 million still not cultivated. If and when the river interlinking project takes off, I am sure huge geographies will open up in India on a BOT (build, operate, transfer) model. The model being followed for the road, port and power infrastructure will manifest itself in the irrigation arena in our lifetime.

" Not an "outgoing kind of person", he's always home by 7 pm to spend time with his three girls. He used to enjoy walking around his farms with his wife Anitha but now has to drive "as they are too big to walk."

Monday, October 5, 2009

Rockefeller scientist Sreekanth Tatineni named finalist for Blavatnik Awards for Young Scientists

Rockefeller scientist Postdoctoral Fellow Sreekanth H. Chalasani — have been named finalists in the third annual Blavatnik Awards for Young Scientists competition. Established by the New York Academy of Sciences and the Blavatnik Charitable Foundation to recognize the contributions of young scientists and engineers in New York, New Jersey and Connecticut, the program awards finalists with grants between $5,000 and $10,000. The winners in each category, to be announced in November, will receive an additional $10,000 to $15,000 respectively.

Chalasani, who received his Ph.D. in biology from the University of Pennsylvania in 2003, joined the UC San Francisco laboratory of Howard Hughes Medical Institute investigator Cori Bargmann as a postdoctoral fellow that year, and moved with Bargmann to Rockefeller University in 2004. His research focuses on how the C. elegans nervous system responds to changes in the environment by generating behaviors that last several minutes. Chalasani has also received a Damon Runyon Cancer Foundation Fellowship.

This year’s 12 finalists — including eight faculty and four postdocs from the Tri-state area — are selected for exceptionally elegant, innovative and significant interdisciplinary research projects in life sciences, physical sciences and engineering. The finalists will be honored and the winners announced at the New York Academy of Sciences’ sixth annual Science and the City Gala on November 16.

Business Excellence Award conferred on Karuturi Global Managing Director

Bangalore: Mr. Sai Ramakrishna Karuturi, Managing Director of Karuturi Global Ltd is conferred with yet another prestigious award for business excellence in Agribusiness in Africa by CCA, Corporate Council on Africa, for the year 2009.

Mr. Karuturi received the award at the United States - Africa Business Summit Gala Awards Dinner hosted at Walter E Washington Convention Centre, Washington D.C on October 1, 2009.

The Corporate Council on Africa (CCA), established in 1993, is at the forefront of strengthening and facilitating the commercial relationship between the United States and the African continent.

CCA works closely with governments, multilateral groups and business organizations to improve the African continent's trade and investment climate, and to raise the profile of Africa in the US business community.

CCA program's are designed to bring together potential business partners and raise Africa's investment profile in the US by developing critical contacts and business relationships and providing a forum for the exchange of information and ideas.

Mr. Karuturi apart from receiving the award, will also be addressing the plenary entitled 'Improving African Agricultural Value-Chain'. Other notable speakers at the plenary include former secretaries of Agriculture Mr. Mike Johanns and Mr. Ed Shaferand. Other top executives such as Mr. Jerry Steiner of Monsanto, Mr. Tony Isherwood of Dunavant and Mr. Martin Greenwood of Buchanan Renewable Energies will be addressing the summit.

Over 2000 key African and U.S Private sector and government representatives from agribusiness, power, finance, health, infrastructure and tourism are taking part in this event which is aimed at promoting the Africa-US trade and Investment relations.

Mr. Karuturi has said that this award will boost the Indian business community's confidence in setting up large scale business interests in Africa and manifests the potential of the African markets for business growth and development for Indian entrepreneurs.

Navayuga set for US$200m Middle East turnover by 2011

The Abu Dhabi-based infrastructure and construction contractor Navayuga Engineering Company (NEC) ( Chinta Visveswara Rao, Chairman) is expanding its Middle East footprint by launching an operation in Jordan.

And this development, executives have revealed, will take the company’s annual turnover to more than $200m in the Middle East alone by 2011.

"Our entry into Jordan is in line with NEC's long-term investment strategy to significantly build our presence in the Kingdom's infrastructure and construction segment,” said NEC general manager Antony A David.

“Our strategy is to use our regional expertise to support Jordan's potential and to establish strong relationships with partners in the country,"

NEC’s first project in the country is a $3.5m contract for a 5-star hotel in Amman.

Other significant projects that NEC will be working on in Jordan include the $5bn Abdali Urban Regeneration Project to create a new downtown area of Amman.