Tuesday, 30 January 2018

Union Budget 2018 is important as the first one to be presented after GST implementation

Mr. Mayur Gandhi, Chief Financial Officer, Schenker India Pvt. Ltd., has stated that one of the reasons for this Union Budget 2018 to be an important one is that it is the first Budget after the implementation of the Goods and Service Tax.

In November 2017, the Government has given the status of “Infrastructure” to the logistics sector. This will enable the sector to avail medium and long-term debts at beneficial terms. This indeed was a welcome move for the sector where large-scale investment was fragmented and driven by a few investors. With the anticipated growth of the economy, the logistics sector will be key to bring down the logistics cost from 13-14% of GDP to a lower level.

Tax holidays from direct tax for warehouses set up in rural area outside 50 kilometers of the specified city limits can be considered as an option in the Budget as this will generate employment in the rural area and also will make it possible to create larger warehouses which will bring down the overall cost of logistics. The Budget can also consider higher rates of depreciation being allowed on various warehousing infrastructure and handling equipment.

In the upcoming budget, the Government could consider allocating funds to augment the capacity and infrastructure at the dry ports in India. This will support the ambitious “Sagarmala” project to be more effectively connected with the industrial town within India. There will be a need to monitor the growth and achieve efficiency of these ports. Post implementation of GST, it should be possible to reduce the number of dry ports.

The Budget should allocate the funds to develop inland waterways for freight movement. There is a need for a long-term plan to be executed in a phased manner for the development of inland waterways for freight movement.

There is a need to develop skill sets for the effective management of future supply chains in the growing economy of India. Therefore we would like the budget to allocate funds for education and skills development in the area of logistics and supply chain.

Last but not the least, the Government could set up a committee to review the various Maritime Laws currently applicable in India. These laws were framed several decades back and needs to be updated and aligned to meet the changing business scenarios in a growth market like India.

Monday, 29 January 2018

CII to push for industrial corridors and structural reforms on labour, land and agriculture in Southern States

CII-SR is working to set-up CII-State Government Joint Consultative Forums in all Southern States

“To accelerate the growth of Southern States, CII - Southern Region will work with State Governments for the development of industrial corridors and push structural reforms on labour, land and agriculture in Southern States. CII will co-ordinate with the Southern State Governments in implementing the priority projects, by setting-up “CII-State Government Joint Consultative Forums” in all southern states on the lines of the one that already exists in Kerala,” said Mr. Vikram Kirloskar, the newly elected Chairman of CII Southern Region.

Outlining CII-SR’s priorities for 2017-18 to media, Mr. Kirloskar said that with a nominal GDP of US$803 billion, the southern region accounts for over 30 per cent of India’s GDP. The region has immense growth potential in sectors like automobile, IT/ITES, healthcare, biotechnology and textile sectors. In order to keep up the growth momentum, CII will work with the State Governments on specific areas such industrial corridors, structural reforms, unlock major infrastructure projects that are currently stuck with the State governments, and launch CII-SR Water Alliance on restoration of lakes and ponds in South India.

Mr. Kirloskar said that CII-SR has taken up the theme of “Vibrant South – Competitiveness, Inclusiveness & Governance” for the Southern Region for 2017-18. Acting on the theme, CII will focus on key enablers such as job creation, skill development and training, affirmative action, women parity, new models of development, sustainability, corporate social responsibility, governance and transparency for accelerating South India’s growth and development.

CII has also come up with a five point agenda that includes: membership engagement, MSME engagement, education & skill development, ease of doing business, and entrepreneurship & startups.

He said that as part of its membership engagement initiatives, it will focus on policy regime transitions, state level manufacturing policies, SMEs cluster programmes, incentives for growth, IT penetration, Technology & IP and global engagement facilitation.

On skill development, CII has identified issues and gaps that need to be addressed to meet the requirements of industry for a skilled workforce and will continue to advocate for changes in the Amendments in the Apprenticeship Act. CII will focus on state skill policy, model career centres, skill gap study, faculty development programmes with industry exposure, industry–institute connect, job fairs and skill development for specially-abled.

To promote entrepreneurship, CII would focus on startup policies, special incentives in manufacturing sector, mentorship of SC and ST entrepreneurs. It will set up startupreneurs forum, engagement of next-gen leaders and recognize young business leaders by presenting prestigious Emerging Entrepreneurs Awards. To achieve equitable, inclusive and sustainable growth, CII seeks to bring in transformation through a complete programme of policy advocacy, knowledge creation, knowledge dissemination and “on-ground” model projects. With reference to Ease of Doing Business, CII would focus on moving towards zero physical interface for all clearances / NOCs and ensuring onus of clearances with the State Governments.

Providing an outlook of the Indian economy, Mr. Kirloskar said that CII expects GDP growth of around 7.5-8.0% in 2017-18. “Global investor’s sentiments remains positive with scope for strong inflow of Foreign Direct Investment. The economy of India, in the current fiscal year, would be driven by normal monsoons, GST implementation, budget allocation for infra & rural spending and recovering consumption demand,” he observed.

Saturday, 27 January 2018

LANXESS: Holger Hüppeler to lead the Inorganic Pigments business unit

Holger Hüppeler (50) will take over the management of the Inorganic Pigments (IPG) business unit at the specialty chemicals company LANXESS from December 1, 2017. The current Manager of the Procurement and Logistics Group function will succeed Jörg Hellwig (52), who has been the driving force behind LANXESS’s digital activities as Manager of the dLX Group function since the spring.

“With Holger Hüppeler, the management of this important business unit will be in the hands of an excellent industry and market expert. He will continue to build on IPG’s position as one of the world’s best-performing players in the pigment sector,” said Matthias Zachert, Chairman of the LANXESS Board of Management. “With customer proximity and innovative strength, Jörg Hellwig has made IPG a leading supplier of pigments.”

On the same date, Holger Hüppeler will be succeeded by Bernd Makowka, currently responsible for the purchasing of raw materials in the Procurement and Logistics group function. Makowka will initially lead the group function in addition to his current duties.

Holger Hüppeler began his professional career in 1989 at Bayer in Leverkusen. Having trained as a business administrator, he assumed various tasks in the Ion Exchange Resins Business Group and in the Industrial Intermediates business area, among them as a Technical Sales Representative in the UK. On his return to Germany he became product manager in the Active Ingredient Intermediates business unit and then headed several market segments. From 2002 he was head of Strategic Marketing in the then Basic Chemicals business unit. Since March 2008 Hüppeler has been head of the Global Procurement & Logistics group function.

Thursday, 25 January 2018

Greaves Cotton boosts farm mechanization in India, invests in technology and R&D

Greaves Cotton, one of the leading engineering companies in India, announced its focus on the farm sector with investments in R&D, plant and people to support the growing farm sector in India. As part of its long term diversification strategy, Greaves Cotton announced the launch of a new locally manufactured power tiller under its Farm Equipment Division. With significant headroom to grow farm productivity in India, Greaves Agri aims to boost mechanization and reduce dependency on human labour in farming, and has unveiled ‘The Bahubali’, the latest addition to its robust portfolio of farming equipment and power tillers.

Building on the ‘Made in India, Made for India’ vision, ‘The Bahubali’ is the first ever fully locally designed and developed power tiller by Greaves Cotton in India. With the new high power 14HP engine and heavy duty performance, it offers best-in-class ploughing performance with higher tilling depth, excellent fuel efficiency and a rugged body for long life.

Speaking about the launch, Mr. Nagesh Basavanhalli, Managing Director & CEO, Greaves Cotton Ltd., said: “As part of our strategy, we have invested in building capability – people, facility and technology. This will help us strengthen our position in the agri sector, as we cater a wide range of products and services to the farmers to help them right from ploughing to harvesting. With the Indian economy rapidly evolving, there is a need to make efficient use of farm machinery to improve land productivity”. 

Greaves is working closely with farmers & FPO’s to understand their needs & create farm solutions that promise more yield per acre of farm, especially when we see shrinking landholdings with rapid increase in population & shortage of farm labour in India.

Mr. M. Mohanan, President - Farm Equipment Business, Greaves Cotton Ltd., commented: “We are pleased to announce the launch of ‘The Bahubali’, our first ever ‘Made in India’ power tiller. As a full range player in the farm equipment space, Greaves Agri continues to develop equipment to support the farmers in each step of the crop cycle. We will continue to build on the ‘Make for India’ vision and plan to introduce more superior quality, reliable products in the market.”

Having grown from a small equipment player to a large farm solutions and services company, Greaves Agri has products for each stage of the crop cycle covering a wide variety of functionality for the farm sector.

This investment is a part of customer focus at Greaves Agri, with rigorous validation being integral to the process. Its dedicated R&D facility & state-of-the-art large farm equipment factory in Ranipet manufactures wide range of farm products & has been actively engaging with customers across nation. Greaves Cotton provides high quality products across all stages – irrigation, soil preparation, planting, plant protection, harvesting, and post-harvest cycle. To achieve this, it undergoes rigorous testing and validation inside factory and under real world usage pattern tests across various terrains. It has sold more than 3 million pump set across India and neighboring countries. As part of productivity enhancement solutions, Greaves Cotton is taking aggressive steps to bring electric and solar pumps for the segment.

For more details, visit: www.greavescotton.com

Friday, 19 January 2018

Policy thrust on infrastructure development will boost exports : Venkaiah Naidu

Mr. M. Venkaiah Naidu, Vice President of India, has expressed the hope that with the Government focus on creating state-of-the-art sea ports, airports and super highways to connect different manufacturing centres to ports with the best supporting ecosystem, exports should pick up faster and maintain a steady growth in the coming years. The Government’s special efforts will certainly help the Indian economy grow further. The ‘Make in India’ initiative to support the manufacturing sector would contribute to a higher share for India in the growing global trade. At the same time, exporters, on their part, should focus on new markets and new products, especially sunrise products, like electric, electronics and telecommunications, apart from agro, processed food and labour intensive products.  

Addressing the Federation of Indian Export Organisations (FIEO), Southern Region - Export Excellence Awards held in Chennai, Mr. Naidu highlighted the potential of the southern region to contribute a larger share in the national export kitty. In 2016-17, the region contributed $61.05 billion worth of goods which accounted for 22.2% of India’s exports.  

While appreciating the efforts of FIEO in promoting India’s exports, he said that various issues raised by FIEO enabled the Government to take several proactive steps towards increasing the overall export volume. He assured the exporters that the Government will sort out all the outstanding issues related to the GST refund.

The Vice President gave away 61 FIEO Awards to different categories of exporters who excelled in their performance during 2015-16 and 2016-17. 

Mr. Banwarilal Purohit, Tamil Nadu Governor, who was the guest of honour on the function, highlighted the importance of promoting exports for the overall development of the country, and stressed the need for more proactive steps to be taken by the State Governments for promoting exports. 

Mr. Ganesh Kumar Gupta, FIEO President, in his address, congratulated the award winners for their exceptional achievements even though the overall market condition remains tough. While appreciating that the overall exports from the country in the first 9 months of the current financial year crossed $224 billion, he expressed his confidence that India will achieve a level of $300 billion of goods export and $170 billion services in the current financial year.  FIEO is currently working closely with the State Governments of Tamil Nadu, Kerala, Karnataka, Andhra and Telangana to identify potential products of export and devise a special strategy for the global market.  He urged the State GST authorities to ensure that the refund due is given as early as possible to the exporters who are facing a serious liquidity problem.

Dr. A. Sakthivel, Regional Chairman, FIEO, in his welcome address, highlighted the potential of the southern region, and said that with Tamil Nadu as a leader with a share of 13.5%, Karnataka 7.02%, Kerala 3.3%, Andhra Pradesh and Telangana together 4.5%, the region remains very vibrant in international trade.  

While complimenting the State Government, Dr. Sakthivel said that with the support of State Governments and various proactive steps taken by the Central Government for encouring exporters, the region can achieve a 30% share in India’s international trade by 2020 as against the current 23%.

Proposing a vote of thanks, Mr. Ajay Sahai, Director General & CEO, said that FIEO has already taken steps to reach across Tier-2 and Tier-3 cities to help exporters. 

Thursday, 18 January 2018

LANXESS increases prices for Macrolex and Ceres solvent dyes

Specialty chemicals company LANXESS globally increases the prices by up to 20 per cent with immediate effect for selected products of its solvent dyes portfolio marketed under the brand names Macrolex and Ceres. The price adjustments predominantly affect solvent dyes used in the plastics and automotive industries. This measure is necessary due to the current market situation, significantly higher raw material costs and rising costs for environment, health and safety as well as maintenance.

Macrolex and Ceres solvent dyes for plastics are characterized by high heat stability, good lightfastness and weather resistance, high color strength and outstanding brilliance. The dyes are ideally suited for the coloration of amorphous thermoplastics such as PS, PC, PMMA and PET. With the Macrolex range of soluble organic dyes, LANXESS provides an innovative coloring technology for plastics that combines excellent dyeing properties and processability as well as compliance with high ecological standards.

LANXESS is a leading specialty chemicals company with sales of EUR 7.7 billion in 2016 and about 19,200 employees in 25 countries. The company is currently represented at 75 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of chemical intermediates, additives, specialty chemicals and plastics. Through ARLANXEO, the joint venture with Saudi Aramco, LANXESS is also a leading supplier of synthetic rubber. LANXESS is listed in the leading sustainability indices Dow Jones Sustainability Index (DJSI World) and FTSE4Good.


L&T arm bags contracts worth Rs. 1,454 crores

Infrastructure major L&T said its construction arm had won contracts worth Rs. 1,454 crores, including one in Egypt. 

The Smart World & Communications Business Unit won an order of Rs. 864 crores for implementation of 5 million smart meters across 16 cities of UP and Haryana. Its Power Transmission & Distribution Business had bagged orders worth Rs. 568 crores from international and domestic customers.

Saturday, 13 January 2018

Hyundai introduces 1.4 L petrol engine in the super sedan Next Gen VERNA

Hyundai Motor India Ltd. (HMIL), the country’s second largest passenger car manufacturer and the largest exporter since inception, introduced two new variants with 1.4 L New Kappa Dual VTVT petrol engine in the Next Gen VERNA.

Launched in August 2017, the Next Gen VERNA has become a trendsetter in the Indian market and heralded a new chapter in Hyundai’s success story across the world. It has received over 30,000 bookings and 2,00,000 enquiries in India and over 10,500 units of export order from global markets. It has been the most awarded car of 2017 winning 10 awards including the prestigious “Indian Car of the Year 2018”.

Commenting on the new engine introduction Mr. Rakesh Srivastava, Director - Sales & Marketing, HMIL, said: “The Next Gen VERNA is a super sedan and has established its supremacy in the market since its launch in August 2017. The Next Gen VERNA with 1.4 L Kappa Dual VTVT petrol engine is the perfect combination of performance and fuel efficiency and showcases Hyundai’s commitment to provide products based on customers aspirations. We are sure this addition will strengthen VERNA’s popularity and offer the customers a wider option to own and experience the super sedan.”

The 1.4 L Kappa Dual VTVT petrol engine is offered with an output of 100PS @ 6000 RPM and torque of 13.5 kgm @ 4000 RPM. The fuel efficiency of the new variant has been further improved by 8% to an impressive 19.1 KMPL. The Next Gen VERNA with 1.4L petrol engine will be offered in two trims E and EX with 6-speed manual transmission.

The Next Gen VERNA is admired brand globally and is beyond the ordinary. It is a technological marvel developed with futuristic design, dynamic performance, super safety, new technology & advanced features setting a new benchmark in the sedan segment.

Nissan delivers 300,000th Nissan LEAF

Nissan announced that the company has sold its 300,000th Nissan LEAF globally since the model first went on sale in 2010. The 100% electric LEAF is the world’s first mass-produced – and also the world’s best-selling – electric car.

Nissan launched a fully redesigned version of the LEAF in September 2017. Drivers will feel more confident, excited and connected thanks to the car’s ProPILOT (ProPILOT Assist in the US) technology, ProPILOT Park technology, e-Pedal, increased power and range, and improved refinement, comfort and convenience.

“These numbers prove that the Nissan LEAF remains the most advanced car in the world, with the widest reach and the greatest availability,” said Nissan Executive Vice President Daniele Schillaci. “The new Nissan LEAF is the icon of Nissan Intelligent Mobility because it delivers an even more exciting drive and enhanced ownership experience and contributes to a better world. It will take Nissan’s EV leadership even further.”

The new Nissan LEAF is slated for deliveries in January in the US, Canada and Europe and will be sold in more than 60 markets worldwide. Nissan’s work on vehicle electrification and intelligence is part of Nissan Intelligent Mobility, the company’s vision for changing how cars are powered, driven and integrated into society.

India Yamaha Motor introduces all new FZS-FI motorcycle with rear disc brake

Marking a decade’s legacy in India with its power-packed engine and unmatched experience

At the onset of commemorating 10 years of the iconic FZ series, India Yamaha Motor (IYM) Pvt. Ltd. announced the launch of the all new FZS-FI (149 cc) motorcycle. Bringing together Yamaha’s Blue Core technology and improved braking system, the new FZS-FI motorcycle offers unmatched experience and performance efficiency.

Retaining its other best seller features including a 149 cc, air cooled, fuel injected, 4-stroke, SOHC, 2-valve, single cylinder engine, the new FZS-FI motorcycle now offers 220 mm hydraulic single rear disc brake and 282 mm front brake, thus greatly improving stability and control. Adding to the aesthetics, the FZS-FI now has a sporty wheel design along with a completely new mirror design. The same is available in a vibrant ‘Armada Blue’ colour.

Available across all authorized Yamaha dealers in the country, the new FZS-FI motorcycle will be manufactured by IYM (India Yamaha Motor Pvt. Ltd.) and marketed by YMIS (Yamaha Motor India Sales Pvt. Ltd.).

Speaking on the launch, Mr. Roy Kurian, Senior Vice President, Sales and Marketing, Yamaha Motor India Sales Pvt. Ltd., said: “The legacy of Yamaha’s FZ series in India is all about the inheritance of a unique motorcycling passion. Immensely popular with Indian bikers all the way through almost 10 years from the day it was launched in India, and winning over a million hearts, it was crowned to become the ‘lord of the streets’ by the collective culture of the country’s motorcycling. While its best seller features like build and appearance, superior engine technology, fuel mileage and suspension are retained, the new additions will excite the present and new customers.”

The all new FZS-FI motorcycle is a response to the needs and requirements of Yamaha’s customers, prioritising performance efficiency and a safe commute while remaining true to the Macho image. The “Triple Muscular Concept” (Muscular silhouette, Muscular Body parts and Muscular Chassis) was developed to inherit and strengthen this “Macho Image” while creating an added impression of lightness and sportiness to the final design. Other features like superb suspension for added comfort, advance midship muffler, skid-free split seat, multi-function instrument panel with Eco indicator have made FZS-FI a must-buy this season.

Honeywell debuts cloud historian as part of Honeywell Connected Plant

Uniformance Cloud Historian leverages cloud technology to analyze data across multiple sites and increase uptime

Honeywell Process Solutions (HPS) announced the launch of its Honeywell Connected Plant Uniformance® Cloud Historian. This new offering is a software-as-a-service cloud hosting solution for enterprise-wide visualization and analysis, helping customers improve asset availability and increase plant uptime.

Uniformance Cloud Historian’s design is an industry first. It fuses the real-time process data analysis of a traditional enterprise historian with a data lake, enabling the integration of production, Enterprise Resource Planning (ERP), and other business data coupled with analytics tools to provide business intelligence. This allows enterprise data to be analyzed instantly on a scale not previously possible using tools and functions already in use at sites and plants.

“Uniformance Cloud Historian brings the full power of cloud and big data to Honeywell’s traditional process historian for the first time, connecting even the most complex multi-site organizations effortlessly,” said Vimal Kapur, President of Honeywell Process Solutions. “The solution makes it possible to leverage insights found at one plant across all plants, allowing smarter, more strategic decisions to be made and action to be taken.”

Honeywell’s new offering collects, stores and enables replay of historical and continuous plant and production site process data and makes it visible in the cloud in near real time. The historian combines a time series data store, which empowers plant and enterprise staff to execute and make decisions, with a big data lake, which enables data scientists to uncover previously unknown correlations between process data and other business data in the enterprise.

Projects that previously took weeks or months can now be achieved in hours. These efficiencies, combined with the ability to use a customer’s existing tools and functions, can significantly reduce deployment and engineering time. Additionally, the scale and performance delivered through native cloud technology can reduce enterprise information technology costs by up to 25 per cent. Because Uniformance Cloud Historian is built on the Honeywell Sentience Internet of Things Platform, future value may be delivered to customers in the form of additional applications and services.

"ARC believes that a secure cloud provides an ideal environment for applications such as historians,” said Janice Abel, Principal Analyst, ARC Advisory Group. “With the Uniformance Cloud Historian, Honeywell is not just hosting historians on-site, but is enabling users with new edge, cloud and data lake technologies for process, asset and business data. The historian should make it quicker and easier for users in industrial plants to access, analyze, and leverage data to improve both plant and enterprise performance.  It should also help reduce the considerable costs typically associated with hosting resource-intensive applications with cloud and data lake technologies."

Uniformance Cloud Historian is the latest addition to the Honeywell Connected Plant portfolio, which is turning data into insight, from edge to enterprise, to help customers improve their bottom line. Honeywell delivers this through its unmatched domain expertise and advanced analytics capabilities to connect process, assets, people and enterprise to maximize performance.

For more information about the Uniformance suite of products, visit: www.uniformance.com and for more information on Honeywell Connected Plant, visit: www.honeywellprocess.com/iiot

Honda Cars India introduces special editions of City, Amaze and WR-V

Honda Cars India (HCIL), leading manufacturer of passenger cars in India, announced the introduction of special editions of three of its models Honda City, Honda Amaze and Honda WR-V. These special editions include Honda City 20th Anniversary Edition, Honda Amaze Pride Edition and Honda WR-V Edge Edition.

The 20th Anniversary Edition of the Honda City celebrates 20 successful years of the model in the Indian market and offers an attractive exterior package that further enhances the appeal of the City. It is available in the top ‘ZX’ variant. The Amaze Pride Edition comes equipped with a host of new features, including an advanced infotainment system, which increases the premiumness of the interiors. It is offered in the ‘S(O)’ variant of the model. The Honda WR-V Edge Edition offers new value to the customers with alloy wheels and a safety package in the ‘S’ variant.

Speaking about the introduction of these editions, Mr. Jnaneswar Sen, Sr. Vice President, Marketing & Sales, Honda Cars India Ltd., said: “We are extremely delighted to introduce the special editions for City, Amaze and WR-V and are confident that these will be appreciated by our customers for the enhanced value they offer.” 

“The Honda City completes 20 years of unparalleled success in India and has emerged as the largest selling mid-size sedan in 2017. The 20th Anniversary edition of Honda City embodies our appreciation and gratitude to our customers who have provided us with tremendous support for the past 20 years, and we look forward to their support for years to come,” he added.

Honda City ‘20th Anniversary Edition’

In order to commemorate 20 successful years for Honda City business in India, a special 20th Anniversary edition of Honda City has been introduced with distinctive exterior styling and value added features which further enhances the appeal of the model. The 20th Anniversary edition is based on top of the line ZX variant of Honda City and will be available at an ex-showroom Delhi prices of Rs. 13,74,532 for Petrol CVT and Rs. 13,82,382 for Diesel MT.

Thursday, 11 January 2018

Royal Orchid Hotels opens new hotel in Pushkar

Takes number of properties to 48

Royal Orchid Hotels, the fastest growing hospitality chain in India, announced the opening of its new hotel in Pushkar named ‘Regenta Resort Pushkar Fort, Pushkar’. Providing peaceful getaway amidst the Aravalli Hills, Royal Orchid Group takes the number of properties to 48.

Regenta Resort Pushkar Fort, established over a land of 4 acres which is situated near the scenic Savitri Temple. It offers boutique accommodation with varied dining and banquet facilities. This magnificent heritage property is popular due to its architecture and organizing destination weddings for its guests.

The hotel has state-of-the-art facilities that let the guests choose from a wide range of room categories designed on Rajasthani aesthetics to give them a regal touch. The traditional setting and spectacular grandeur of the resort’s dining hall has made it one of the best banquet and wedding halls in the city.

The most important attraction of the city is the Jagatpita Brahma Mandir, the Hindu temple situated in Pushkar also known as one of the very few temples dedicated to the Hindu creator-god Brahma in India and remains the most prominent among them. May it be an important corporate event or a business meet or a simple getaway to explore the city and feel the essence of spirituality, Regenta Resort Pushkar Fort allows enormous options to its guests. The guests can experience the beauty and culture of Pushkar just by availing one of the several facilities that the hotel provides to its patrons.

Mr. Chander K. Baljee, Managing Director, Royal Orchid Hotels, said: “We are taking continuous steps towards expanding our presence all over India. The new hotel launch in Pushkar is one such move towards achieving our aim. By now we have added seven properties – Mysore, Ahmedabad, Dehradun, Kanpur, Dwarka, Indore and now Pushkar in the current fiscal year taking the number to 48 hotels. We are on target to take the number of properties to 50 under the Royal Orchid Group before the end of this fiscal year”.