Friday, December 31, 2010
Thursday, December 30, 2010
Tuesday, December 28, 2010
The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) is Organizing a Free Open House Discussion Session on “TDS and other Income Tax problems” with Mr. A.K. Basu, IRS, Chief Commissioner of Income Tax, AP-I and other Commissioners of Income Tax and other officials on 8th January 2011 at Surana Udyog Auditorium, Federation House, FAPCCI Marg, Red Hills, Hyderabad.
The main objective of this meeting is to provide platform for common tax payers to interact with Chief Commissioner and other Commissioners of Income Tax department for airing their problems and grievances like TDS refunds status, and other practical problems arising out of implementation of the Act.
The high official team inclusive of the Chief Commissioner of Income tax will interact with the audience for redressal of and reply to the grievances of tax payers.
Businessmen and Industrialists and all concerned and interested persons to participate in the program may contact Mr. Abhay Kumar Jain, Chairmen, Direct Taxes Committee, FAPCCI on 9246107073, and Mr. Ramdev Bhuttada, Co- Chairmen, Direct Taxes Committee, FAPCCI on 98490 05844 for registration. This meeting is open for all.
Saturday, December 18, 2010
Thursday, December 16, 2010
The Greater Hyderabad Municipal Corporation and FAPCCI are jointly organized “FAPCCI Marg” inauguration ceremony today evening at Federation House, Red Hills, Hyderabad. Mr. Jaffer Hussain Miraz, Deputy Mayor, Greater Hyderabad Municipal Corporation was the chief guest for the occasion. Mr. Shekhar Agarwal, President, Mr. V.S. Raju, Senior Vice President, Mr. M.V. Rajeshwara Rao, Secretary General, Mr. Suraj Prasad Agarwal, Past president, Mr. Harshchandra Prasad, Past President from FAPCCI and large number of businessmen’s are participated in the opening ceremony.
Mr. Jaffer Hussain Miraz assured to the FAPCCI in his speech that the GHMC ready to develop FAPCCI Marg in international standards. He requested to send a proposal on FAPCCI Marg development plan from FAPCCI, and he is ready to proper permissions and further development. He said that the – he is ready to take an initiation in developing FAPCCI Road and as well as further requirements from FAPCCI under Greater Hyderabad Municipal Corporation.
Mr. Shekhar Agarwal expressed his thanks for naming road as FAPCCI Marg and requested in his welcome address is that the good greenery road in front of FAPCCI building and proper footpaths and road to the local persons and the travelers. He also pointed out the problems of FAPCCI Marg and local common facilities such as street lights, electricity and drainage.
Mr. V.S. Raju honored the guest with Memento and offered vote of thanks.
Mr. M.V. Rajeshwara Rao welcomed the guests and expressed sincere thanks from FAPCCI.
Several business people, industrialists and local residents are participated in the road inauguration.
The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) inviting nominations for its prestigious “FAPCCI Excellence Awards –2010” for the performing years of 2009-10.
FAPCCI was established in 1917 and it was instituted to promote and protects interests of the trade, commerce and industry. FAPCCI has above 3000 members and 20,000 indirect members in its rolls and has an affiliation to 170 chambers and trade associations. 26 committees comprising of eminent persons and experts from various level of the trade and industry address problems arising out of legislations, policies, infrastructure, banking, insurance and taxation and evolve solutions.
FAPCCI has instituted Excellence Awards to foster and enhance excellence in important national endeavor in economic and social sectors that are of particular relevance to the state of Andhra Pradesh. FAPCCI honors since three decades industrial and commercial organizations, distinguished and eminent personalities, who have made outstanding contribution for the development of the state. These Awards are presented at the Annual Function of FAPCCI by the Hon’ble Chief Minister of Andhra Pradesh.
There are 21 Excellence Awards to be given to Micro, Small, Medium and Large Industries, Scientists and Physically Challenged professionals and Women Entrepreneur’s from Andhra Pradesh are invited to participate in the competition and they may contact Mrs. Veena, Assistant Secretary on 9246800363 for registration or E-mail: firstname.lastname@example.org, email@example.com. the last date for nominations is 15 January 2011.
We would like to request you to publish Press Release in your esteemed news paper.
Tuesday, December 14, 2010
The State Government of Vitoria (Australia) and The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) jointly organized Seminar on 'Economy of Victoria and the Opportunities for Indian Businessmen' today at Surana Udyog Auditorium, Federation House, Red Hills, Hyderabad. Mr. Geoferry Conaghan, Commissioner, Victoria State, Australia was the Chief Guest for the occasion. Mr. Nik Guruprasad, Business Manager, Victoria and Mr. Shekhar Agarwal, President, Mr. V.S. Raju, Senior Vice President, Mr. M.V. Rajeshwara Rao, Secretary General, Mr. Hari Haran, Co-Chairman, International Trade & Relations Committee from FAPCCI and large number of businessmen’s are participated in the session.
Mr. Geoferry Conaghan said in his speech that the Airline country Australia and most happening state in Australia, Victoria is offering business opportunities in Information Technology, Biotechnology (Life Sciences), Pharma, Education, Food & Beverage, Services, Business Migration, Winery and Small Scale Industry to the Indian businessmen’s and companies.
In particularly Mr. Geoferry Conaghan explained the Victoria state business statistics and Business opportunities in various sectors. He explained that the Victoria state have a 25% GDP percentage in national development and 33% GDA of annual. 27 million passengers are travelling in Australian airlines and particularly Victorian state playing a vital role. Victoria is another brotherhood state for Indians and Victoria offering many facilities to the businessmen and entrepreneurs. 15 Indian IT companies are operating a key role in Australia and particularly 9 of them from Victoria. Victoria government offered citizenship and nationality to the 2 lakh Indians.
Mr. Shekhar Agarwal said in his welcome address that the Victoria accounts for only 3% of Australia’s land mass, yet is responsible for 24% of Australia’s economic activity. Its economy is bigger than that of Singapore, Hong Kong and New Zealand. Victoria is one of the strongest and most resilient economies in the world that enjoys AAA credit ratings from both Standard and Poor’s and Moody’s and has done consistently for ten years.
According to World Bank group releases on ‘Doing Business in South Asia’ 2007, India is the top performer in the region, and Hyderabad has the country’s most business friendly regulations. Andhra Pradesh, being ranked first in the manufacturing of bulk drugs and third in formulations in the country, accounts for 40 per cent of the total Indian bulk drug production and 50 per cent of the bulk drug exports.
In 2009, Andhra Pradesh registered an export turnover of over Rs.32,000 crore, representing an annual growth of 25%, and contributing a significant 15% to the national’s overall IT exports. The State has the highest number of approved Special Economic Zones. Hyderabad is also aggressively being promoted as a destination for meetings, conferences, exhibitions. All this combines to help the city to attract the highest number of tourists every year.
Mr. Hari Haran said that Indian companies have created more than 2,100 jobs in Victoria through investment of over $110 million. The Indian ICT industry is well represented through the presence of leading companies such as Wipro, Infosys and TCS. In 2009, there were more than 190,000 international student enrolments in Victoria, making international education our most valuable export. More than 56,000 of these students came from India.
Mr. V.S. Raju honored the guests with Memento and offered vote of thanks.
Mr. M.V. Rajeshwara Rao welcomed the guests and felt that the business opportunity program had a positive response from the business sector.
Monday, December 13, 2010
Thursday, December 9, 2010
Monday, December 6, 2010
Friday, December 3, 2010
Tuesday, November 30, 2010
The PharmaBio World Expo 2011 executive committee in association with FAPCCI organized a preliminary get-together awareness meeting about forthcoming pharma exhibition “PharmaBio World Expo 2011” at Surana Udyog Auditorium, Federation House, Hyderabad. The “PharmaBio World Expo 2011” will be held from February 23-26, 2011 at Bombay Exhibition Centre, Goregaon, Mumbai, India.
This PharmaBio World Expo 2011 representative Ms. Swathi Dhake invited pharmaceutical and bio chemistry based businessmens to participate in this world expo 2011.
She said that the expo is focusing on the expos of the state-of-the-art technologies, equipment, accessories and services from national and international players in each sector. The power packed concurrent International Conferences will deliberate on issues of topical interest to practicing professionals. The delegates from National and International Associations from Pharmacy inclusive of Germany, USA, Japan, Spain, Singapore, France, Turkey, Italy, and China are participating in PharmaBio World Expo 2011.
In this connection PharmaBio World Expo 2011 executive committee representative Ms. Swati Dhake, fapcci President Mr. Shekhar Agarwal, Secretary General Mr. M.V. Rajeshwara Rao and Mr. RK Agarwal, from BDMA are addressed to the participants.
- It is observed that a number of educated candidates are facing unemployment which can be tackled by encouraging them to take industrial units through entrepreneurial development programmes.
- Single Window System is ofcourse aimed at accelerating the process of Industrial Development but practically there are some stumbling blocks in its working. This needs to be addressed.
- Inspection to industrial units may be replaced by compliance audits and self-certification.
- Shortage of skilled manpower may be tackled. Skilled development institutes for each mandals may be established or atleast 2-3 institutes for each district may be established.
- Stress may be given for establishment of industrial clusters for tiny units in rural areas.
- Common Affluent Treatment Plants for clusters in industrial areas may be provided to ensure pollution free atmosphere.
- Government programme such as Credit Guarantee Scheme to be implemented effectively.
- Power shortage may be tackled and power backups may be proved so as to ensure supply of power for 24 x 7.
- Marketing organization in each district may be established.
- In recent times it is observed that there is no appreciable investment made for public sector activities in the State which in effect retarded the process of development of ancillary units in AP. It is suggested to enhance public sector investments with Public Private Partnership (PPP) in the manufacturing sector so as to accelerate the growth of ancillary units to create large scale employment opportunities and enhance the Industrial Production as a whole.
- To introduce special incentives for setting up of large and medium scale Export-oriented industries to enhance export of finished goods from port to port basis.
- Special incentives for Sunrise Industries with specific preference to aerospace technology, biotechnology and nanotechnology units which may give rise to establishment of large and medium scale units in such sectors.
- The Incentive Policy of AP is considered as one of the best in the country which offers subsidies and reimbursements liberally. The speed with which the department completes the process of sanctions is encouraging and laudable. Normally, at no stage the cases are stalled. But unfortunately the process faces a dead stop at the stage of disbursements. This is like providing food to a hungry man and not allowing him to eat. If the sanctioned subsidies and incentives are released promptly it would greatly help the industrialists and improve their liquidity. This would further encourage young entrepreneurs to take up New Industries.
Thursday, November 25, 2010
The Federation of Andhra Pradesh Chamber of Commerce (FAPCCI) and Hyderabad Management Association (HMA) are jointly organized a lecture on “Lessons of management from Vedas and Mahabharata” at Surana Udyog Auditorium, Federation House, FAPCCI, Red Hills, Lakdi-Ka-Pul, Hyderabad.
Renowned scholar of Mahabharata from United Kingdom and Professor from Hamdard University, New Delhi Mr. Abhimanyu R Acharya, gave an exclusive lecture on “lessons of management from Vedas and Mahabharata”.
Mr. Abhimanyu R Acharya explained through seven steps to success based on Vedas and Mahabharata is that – team building skills, management power, strategic alliances, proper delegation, ground realities, self discipline and empower women.
Mr. Abhimanyu R Acharya said that Krishna and Pandavas was an expert in management and they are specialists in understanding the strengths and weakness of the enemy and quality of officers and assigning them the job as per his quality and capability and this quality of how to consult and get opinions from his officers and staff.
Mr. Abhimanyu R Acharya explained a manager should never think that by ceasing the office he is holding, his responsibility will be over. It is not so. He will still have responsibilities even after change of guard. Mr. Abhimanyu categorically said that the present day M.B.A. is an offshoot of Mahabharata, the Indian epic, revered by all. At the end of the session, Mr. Abhimanyu replied to various doubts and queries.
Mr. Shekhar Agarwal, president, FAPCCI, Mr. Naresh Chandra Gelli, President, HMA, Ms. Hema Jain, Secretary, HMA, Mr. B. V. Rama Kumar, Joint Secretary, FAPCCI, Mr. Vijay Vedantam, Convener, HMA and many other businessmen, Industrialists and others participated in the lecture session.
Wednesday, November 24, 2010
The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) organized a Workshop on “Prospects and Opportunities of Gem and Jewellery Sector in AP” on Wednesday 24, November 2010 at 10.30 a.m. at Federation House, Red Hills, Hyderabad.
This workshop is focused on the Export potential opportunities in Gem and Jewellery sector, Common Facilities for infrastructure and design development and testing facilities; awareness level about the quality of gold, especially in semi urban and rural areas to identify the prospects for all around development of the sector.
Mr. Shekhar Agarwal, President, FAPCCI welcomed the chief guest Mr. Karikal Valaven, IAS Commissioner of Industries, Mr. Ruban Hobday, Regional Director, Gem & Jewellery Export Promotion Council, Chennai, Mr. Praveen Kumar Agarwal, Secretary, Twin Cities Jewellers Association , Mr. Subba Rao, Member, Managing Committee , FAPCCI and other businessmen and experts in Gem & Jewellery Sector.
President, FAPCCI brought to the notice of Commissioner of Industries that there is need to create more infrastructure facilities like common testing labs, Exclusive gem and jeweler parks and incubation facilities and skills up-gradation programs for the artisans of this sector in the important places like Guntur, Nellore, Kadapa and Visakhapatnam where the traditional designs are being practiced.
Mr. Karikal Valaven stated that the Indian Gems and Jewellery industry is one of the fastest growing segments in the Indian economy with an annual growth rate of over 15%. Gems & Jewellery industry became one of the leading growth oriented sector in India recording an export turnover of around $ 16 Billion during 2008-09, making it a significant foreign exchange earner for the country. The UAE was the largest importer of Gems and Jewellery from India in 2008-09, with a share of 31 per cent. This was followed by Hong Kong and US with 25 per cent and 20 per cent respectively.
This apart, India is the largest of consumer of gold jewellery in the world, accounting for about 20% of world consumption. It is also the largest diamond cutting and polishing center in the world with 60% value share and 92% share of the world market by number of pieces. India is third largest consumer of polished diamonds after USA and Japan.
Coming to Andhra Pradesh, it is emerging as one of the fastest growing centre for Gem & Jewellery industry in India. To cater to the needs of Gems & Jewellery Industry, Government of Andhra Pradesh in joint venture with IOI Corporation Berhand, Malaysia has promoted AP Gems park, one of its uniqiu kind in India to have an exclusive Pearls-Jewellery-Diamond Pavilion having 205 Lakh Sq.ft shopping area. AP Gems and Jewellery Park is poised to be center of the international gems and jewellery industry.
Mr. Ruban Hobday, said that the VAT to be exempted in Andhra Pradesh on exported like in the states of Tamilnadu and Karnataka gem and Jeweler. And he also requested FAPCCI and Government of AP to introduce Best Jewellers Award to encourage more jewelers to come into export market.
Mr. Praveen Kumar Agarwal emphasized the need to protect the small traders in the business as against the large players and multi nationals.
Mr. B.V. Rama Kumar, Joint Secretary, FAPCCI offered vote of thanks.