Hollywood is all set to use Indian technology for the first time. An erstwhile incubatee at the Centre for Innovation, Incubation and Entrepreneurship, at Indian Institute of Management, Ahmedabad, has been approached by prominent Hollywood production houses for his patented technology, which finds its application in the current film technology and also for Digital Intermediate Technology of the future.
Gujarat may have missed the IT/ITES bus earlier, but the two upcoming IT/ITES SEZs by K Raheja Corp and DLF are all set to drive the growth of the industry here. As many as 50 companies are likely to set up shops in the two parks coming up in Gandhinagar.
The institutes have now begun sensitising students about business ethics and morality as well. Be it inviting eminent personalities like the Dalai Lama to speak on business ethics or incorporating ethics as a compulsory course, IIMs are making efforts to produce socially-sensitive managers.
The BCG project, which is supported by the United Nations' World Food Programme, the government of India and the government of Orissa, involves scanning finger prints and the iris for preparing biometric cards for a population of around 1 million. Srijan Pal Singh, an IIM-A student, who is part of the project, says the biometric cards will be filtered through a super computer to avoid duplications.
While the exact investment for the project, which is likely to come up in Jamnagar is not known, senior government officials say the company is looking to ink an agreement during the upcoming Vibrant Gujarat Global Investors Summit, to be held in January next year.
This will enable the firm, a wholly-owned subsidiary called CIIE Initiatives, to buy stakes in the companies that it incubates by investing its time and resources.
Tata Motors, which suspended work at the Nano plant in West Bengal's Singur in view of continued confrontation at the site early this month, has held talks with Gujarat Chief Minister Narendra Modi over relocating the facility to the state.
ONGC Chairman R S Sharma, who was in Kutch in Gujarat recently to inaugurate the group's maiden foray into wind energy, said, "We are in talks with three to four players for our solar energy project." He said that various pilot projects were going on at the Energy Centre, which included geo-thermal energy. The Energy Centre was set up last year for carrying out research in alternate energy sources beyond oil and coal.
The Certificate Programme in Business Administration offered by the Institutes of Management has not found favour with information technology companies.
In May 1992, ONGC handed over gas pipelines and marketing functions connected with natural gas to GAIL. However, it continues to be the marketing agency in certain isolated pockets.
ONGC currently supplies gas directly in isolated pockets of India, mainly in Gujarat and Assam, which contributes around Rs 100 crore (Rs 1 billion) to ONGC's total marketing revenues. In May 1992, gas pipelines and marketing functions related to natural gas were transferred by ONGC to GAIL. However, there are certain isolated pockets where ONGC continues to be the marketing agency.
While some have announced setting up of a PE club for aspiring entrepreneurs, others plan courses, special lectures and seminars to create awareness about the booming sector. Students of the Post Graduate Programme for Executives at Indian Institute of Management, Ahmedabad, will go through a course on PE in their last term between December and February.
US-based foundation to set up Rs 20,000-crore Integrated SolarCity.
ADAG slots Rs 1,200 cr for wind power plants
After supplying Micro Electrical Mechanical System-based (MEMS-based) Inertial Navigation System to the Navy and the Airforce, Whirlybird Electronics, the co-incubated company of Indian Institute Management, Ahmedabad (IIM-A), is looking for markets in the automation and automobile industry.
With oil flowing past $145 a barrel, leading companies in the country have lined up plans to explore opportunities in jatropha cultivation and prospects of biofuel. The companies are flocking to Gujarat, which has earmarked 1,900,000 acres in the Narmada region for the crop cultivation.
Yet another generational shift is taking place at Arvind, one of India's largest textile players, as the fourth-generation Lalbhai has joined the group. In what could be an indicator of things to come, Punit Lalbhai, son of chairman and managing director Sanjay Lalbhai, is being appointed as the chief manager of the project division.
Institutes are encouraging students to work hands-on with the underprivileged of society.
Nothing seems to dampen the spirit of Gujarat's textile industry when it comes to investments. Inspite of the issues arising due to rising input costs, the state government is expecting to witness MoUs worth Rs 10,000 crore (Rs 100 billion) in textile sector at the Vibrant Gujarat Global Investor's Summit 2009. During the summit, the state government will be luring several textile machinery manufacturers from overseas to set up base in the state.
The Gujarat government's health department has announced an e-medicine scheme for rural areas. The programme entails offering online and telemedicine facilities to villagers. The department will install web cameras and other infrastructure for distant diagnosis. Of the total plan outlay in the state budget for 2008-09, 4 per cent is for the health sector. The state is also encouraging medical practitioners to set up clinics in certain identified blocks in rural areas.
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