Sri Anil Reddy Vennum takes over as Vice President of FAPCCI

Sri Anil Reddy Vennum, a renowned Industrialist and Technical Director in plastic industry unanimously elected as Vice President of The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) for the year of 2013-14 at its 96th Managing Committee General Meeting held on June 29, 2012, at Federation House, Red Hills, Hyderabad.

Sri Anil Reddy Vennum is a B.E. Mining from Osmania University in1984 and Diploma in Computer Applications. He is Technical Director for M/s. Nayastrap Pvt. Ltd, Hyderabad.

He was the Honorary Secretary of the Andhra Pradesh Plastics Manufactures Association from 2000 to 2005, and President of the Andhra Pradesh Plastics Manufactures Association from 2005 to 2009 & 2010 to till date. He was also Central Excise Regional Advisory Committee Member, Andhra Pradesh, Managing Committee member, All India Plastics Manufacturers Association – Mumbai, from 2005 till date, Chairman Hyderabad Chapter - Indian Plastics Institute (IPI), Mumbai, Managing Committee Member Federation of Andhra Pradesh Small Industries Association and CFO / CFE Committee member APCCB R.C. Puram, Zonal Office & Head Office A.P. from 2000 to 2008.

He is a guest lecturer for Entrepreneur Development Programme at Osmania University & JNTU and many private engineering institutions.

He has been associated with FAPCCI for more than a decade and became Member of the Managing Committee, and was Chairman of FAPCCI Sub-Committees, Trade & Commerce and Energy Committee of FAPCCI. He was the Chairman of ITI colleges, managed by FAPCCI across the State.

Islamic Republic of Iran invites FAPCCI team to visit Iran

The office of the Consul General of Islamic Republic of Iran, Hyderabad has invited FAPCCI team to visit Iran in July / August, 2013.

H.E. Mr. Hassan Noorian, Consul General of Islamic Republic of Iran, Hyderabad, Mr. Ali Paryad, Senior Consul, Consulate General of Islamic Republic of Iran, Hyderabad, Mr. Ali A. Niroomand, Senior Public Relation & Commercial Officer, Consulate General of Islamic Republic of Iran, Hyderabad and team visited FAPCCI, today. During the course of discussions, they requested Mr. Srinivas Ayyadevara, President, FAPCCI along with a delegation of FAPCCI members to visit Iran, and Shiraz, Isfahan and Tehran in particular to develop bilateral trade between State of Andhra Pradesh, India and Iran.

Mr. Srinivas Ayyadevara also invited Tehran Chamber of Commerce delegates to visit Andhra Pradesh for exploring business opportunities. 

Mr. Shiv Kumar Rungta, Senior Vice President, FAPCCI, Mr. Shyam Sunder Pasari, Chairman, International Trade, Mr. V.S. Raju, Past President, FAPCCI have also participated in the discussions.  

Sri Srinivas Ayyadevara, President, FAPCCI Interview @ ETV 2

The Hans India & HMTV SME Excellence Awards

The Hans India and HMTV have been in the media for a long time and are active in the State of Andhra Pradesh. Both the organizations are conducting a State Level Conference on the theme of “REVITALISING THE SMES” on 15/07/2013 at Hyderabad. On this occasion, they have instituted a “SME Excellence Awards” for Small and Medium Enterprises in the State of Andhra Pradesh. These Awards are slated to be given on 15/07/2013. Members of FAPCCI in the Small and Medium Sectors are requested to apply for the Awards. 
The last date for receipt of applications is 01/07/2013.

Details of the Awards are available on www.thehansindia.com/events/smeawards.

For any enquiries please contact: T. Brahma Chari, Editor-Business: Mobile No. 9553586109

Srinivas Ayyadevara takes over as President of FAPCCI

Sri Srinivas Ayyadevara, a renowned Chartered Accountant by profession and specialist in Taxation and Corporate Law unanimously elected as President of The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) and Sri Shiv Kumar Rungta is elected as Senior Vice president for the year of 2013-14 at its 96thAnnual General Meeting held on June 15, 2013, at Federation House, Red Hills, Hyderabad.

Sri Srinivas Ayyadevara, is a Chartered Accountant by profession and specialist in Taxation and Corporate Law, was unanimously elected as President of FAPCCI for 2013-2014 at its 96th Annual Managing Committee Meeting held on June 15, 2013.

Sri Srinivas Ayyadevara is a B.Com (Hons) from the Indian Institute of Management and Commerce, Hyderabad and did his graduation in Law from Evening College of Law, Osmania University. He was the Chairman of the Hyderabad Branch of the Institute of Chartered Accountants of India and the President (I/C) of the Andhra Pradesh Tax Bar Association, Hyderabad. He is also on the Managing Committee of the Hyderabad Management Association, Hyderabad.

He is a advisor to several Companies on matters of Taxation. He practices on the appellate side of taxations. He was a member of the Syllabus Revision Committee for Nizam College and Osmania University for B. Com and M.Com.

He has been associated with FAPCCI for more than a decade and became Member of the Managing Committee, and was Chairman of Tourism, Direct Taxations & International Trade Relations Committee of FAPCCI. He was Vice-President of FAPCCI for the year 2011-2012 and Senior Vice President for the year 2012-2013.

He was the President of Rotary Club of Bhagyanagar, Hyderabad. He is a keen Freemason and a member of Lodge Morland, Hyderabad. He is also a member in many other social organizations.

 Shiv Kumar Rungta elected as Senior Vice President of FAPCCI

 Sri Shiv Kumar Rungta, Managing Director, Rungta Glasstech Pvt. Ltd was elected as Senior Vice President for the year 2013 – 14 at the 96th Annual Managing Committee meeting held on June 15, 2013.

Sri Shiv Kumar Rungta had a brilliant academic career, receiving a Bachelor of Science (Hons) degree from BITS, PILANI and Post Graduate Diploma in Management (MBA) from a reputed institute, Indian Institute of Management, Ahmadabad.

He was associated with FAPCCI for more than 10 years as Managing Committee Member. He was Chairman of Banking and Insurance, Membership, Foreign Trade, Information Technology & Biotechnology Committee and a member of Selection and Budget Committee. He was Vice-President of FAPCCI for the year 2012-2013.

He is the Chairman of AP Plywood, Laminate and Glass Dealers Welfare Association, since 2008-09 and also current President of Agarwal Samaj, Cyberabad. 

After completing his studies, he joined as Project Manager in a textile industry in Ahmadabad for two years, and subsequently worked as Marketing Manager in Khaitan fans, Kolkatta. He held senior positions in Pan African Paper Mills E.A. Ltd at Kenya and Nigerian Paper Mills Ltd at Lagos and worked there for four years.  He represented the Kenya Government as a part of the Trade Delegation of Kenya Chamber of Commerce and Industry to various countries in Africa. He has travelled extensively in East and West African Countries.

Mr. Rungta started his own company Rungta Glasstech Pvt Limited, in the year 1998, manufacturing architectural and decorative glasses for interior and exterior purpose in building & construction industries successfully.

He plays Badminton and table tennis and was captain of Badminton team in college and IIM, Ahmadabad.

Industry Leaders with Income Tax Chief Commissioners

The Federation of AP Chambers of Commerce and Industry (FAPCCI) team inclusive of Mr. Devendra Surana, President, FAPCCI, Mr. Srinivas Ayyadevara, Senior Vice President, FAPCCI and Mr. SSR Koteshwara Rao, Past President, FAPCCI and Director, Brahmayya & Co met Mr. I. Suresh Babu, IRS, Chief Commissioner of Income Tax - AP – II, Mr. Suresh Jandhyala, IRS, Chief Commissioner of Income Tax - AP – I and Mr. Aswini Kumar Behera, IRS, Chief Commissioner of Income Tax, AP- III today at office of the Income Tax Chief Commissioners at Hyderabad.

Congratulating Sri I. Suresh Babu, IRS., for taking charge as Chief Commissioner of Income Tax - AP – II

L-R: Dr. P. Raghu, IRS., Director General of Income Tax (Inv.,), AP, Sri SSR. Koteswara Rao, Advisor, Direct Taxes Committee, Sri Devendra Surana, President, Sri Srinivas Ayyadevara, Senior Vice President, FAPCCI

Congratulating Sri Suresh Jandhyala, IRS., for taking charge as Chief Commissioner of Income Tax - AP – I

Sri Devendra Surana, President, Sri Srinivas Ayyadevara, Senior Vice President, FAPCCI

Congratulating Sri Aswini Kumar Behera, IRS., for taking charge as Chief Commissioner of Income Tax, AP- III

Sri SSR. Koteswara Rao, Advisor, Direct Taxes Committee, Sri Devendra Surana, President, Sri Srinivas Ayyadevara, Senior Vice President, FAPCCI

Circuit Bench of CESTAT very soon at Hyd

FAPCCI has Felicitated and Welcomed Hon’ble Justice Mr G. Raghuram, President, CESTAT – New Delhi on 8th June, 2013 at 5.00 pm at Federation House. 

The Federation of Andhra Pradesh Chambers of Commerce and Industry have strongly requested and demanded for appellate bench of Excise and Service Tax at Hyderabad. At present assesses from Andhra Pradesh are going to Bangalore and are finding is difficult to appear at Bangalore. 

The Federation of Andhra Pradesh Chambers of Commerce and Industry have also offered the FAPCCI premises for locating the bench till other arrangements are made. 

Hon’ble Justice Mr G. Raghuram, President, CESTAT, New Delhi his address expressed his happiness to be with trade and industry of Andhra Pradesh today. Responding to the request of FAPCCI to setup a CESTAT Bench at Hyderabad, the Lordship announced that Circuit Bench will be constituted very soon at Hyderabad for the benefit of Assessees in Andhra Pradesh and the President of CESTAT will sit on the bench. Before this year end the CESTAT will start their bench at Hyderabad. At present there is a demand for four benches at different places, but presently CESTAT decided to start three benches inclusive of Hyderabad bench. 

Mr Devendra Surana, President, FAPCCI in his Welcome Address conveyed his best wishes to Hon’ble Justice for his tenure at CESTAT, New Delhi. 

He also had drawn the attention of the Hon’ble President to the Service Tax Voluntary Compliance Encouragement Scheme, 2013. The scheme was proposed with a view to mop up collections, to bring more assessees on record and also to reduce the litigation. This is a noble endeavor and we as a Chamber welcome it. However, there is a bit of lacuna in the said Scheme. Under the Scheme non-filers and stop filers are being granted amenity. While the objective of the Amnesty Scheme is to cover persons who have neither disclosed the Service Tax Payable nor paid the tax so as to widen the tax base, we request that the objective of the Scheme be extended to reduce litigation by including even cases where proceedings have been commenced by issuance of a notice or investigation/audit has been initiated or Service Tax paid at variance with the returns filed but adjudication has not yet taken place. By extending the Scheme as mentioned, it will reduce a lot of litigation and also the burden on the existing Benches. 

Mr S. Thirumalai, Advisor, Indirect Taxes Committee, FAPCCI in his introductory Remarks stated that specifically to the interface of the trade and industry in Andhra Pradesh, the Federation would like to reiterate its plea for a permanent bench of the Tribunal to be set up in Hyderabad. We cannot have a more appropriate occasion to reiterate the request before the Hon’ble Justice for a strong recommendation for this cause. The necessity for this is substantiated by the change that has occurred in the last decade or more ever since Andhra Pradesh was attached to Bangalore (Karnataka) Bench of the CESTAT. The Hon’ble Minister for IT and ITES in the Government of Andhra Pradesh had made a strong plea to the then Union Finance Minister and now the Hon’ble President of India showing how the absence of a quasi judicial body in Andhra Pradesh by way of Bench of the CESTAT has added to the owes of the industry that has strong roots and is a major contributor to the State GDSP. 

Mr Karunendra S. Jasti, Chairman, Indirect Taxes Committee, FAPCCI gave a brief introduction of Hon’ble Justice Sri G. Raghuram, President, CESTAT, New Delhi.

The Function was attended by Hon’ble Justice Challa Kodanda Ram, A.P. High Courte, Mr S. N. Saha, IRS., Sri J. Chandrashekar, IRS., Mr G.V. Krishna Rao, IRS., Commissioners of Customs, Central Excise & Service Tax, Hyderabad-I, III & IV Commissionerate, Mr M. Srinivas, IRS., Commissioner-Appeals I & III, Customs, Central Excise & Service Tax, Mr P.N. Rao, IRS., Additional Director General, National Academy of Customs, Excise & Narcotics, Regional Training Institute, Hyderabad.

Sri Srinivas Ayyadevara, Senior Vice President, FAPCCI proposed Vote of Thanks.

India and South Africa bilateral trade USD 14 billion in 2012

The Federation of Andhra Pradesh Chambers of Commerce and Industry in association with Department of Agriculture, Forestry and Fisheries, Republic of South Africa organized an Interactive Meeting on “Bilateral Trade & Investment Opportunities in Agriculture, Forestry and Fisheries” on June 06, 2013 at Federation House, Red Hills, Hyderabad. 

Mr. Moketsa Ramasodi, Chief Director, Department of Agriculture, Forestry and Fisheries, Republic of South Africa and Mr. Mkhululi Mankazana, Counsellor, Agricultural Affairs, South African High Commission and Mr. Devendra Surana, President, FAPCCI was the key speakers at the session. 

Mr. Srinivas Ayyadevara, Senior Vice President, FAPCCI, Mr. Shyam Sunder Pasari, Chairman, International Trade Committee, FAPCCI any many industrialists, entrepreneurs also participated at the interaction.

Mr. Moketsa Ramasodi said that bilateral trade between India and South Africa was over USD 14 billion in 2012.  Exports from India to South Africa include vehicles and components thereof, transport equipment, drugs and pharmaceuticals, engineering goods, footwear, dyes and intermediates, chemicals, textiles, rice, and gems and jewellery, etc. Import from South Africa to India include gold, steam coal, copper ores & concentrates, phosphoric acid, manganese ore, aluminum ingots & other minerals.  There is substantial potential for trade growth between the two countries.

It is understood that India and South Africa is expected to conclude a preferential trade agreement by the end of this year, which aims at reducing tariffs on certain items traded between the two sides. We are sure, the India-SACU Preferential Trade Agreement (PTA) would enhance economic ties by reducing tariffs on several key products. Today, the South African Indian origin community numbers around 1.5 million and constitutes about 3% of South Africa’s total population. About 80% of the Indian community lives in the province of KwaZulu Natal, about 15% in the Gauteng (previously Transvaal) area and the remaining 5% in Cape Town Mr. Mkhululi Mankazana said.

Mr. Devendra Surana said in his welcome address is that the Andhra Pradesh is India’s fourth largest State gets much of its revenues from the Services sector and Agriculture.  Andhra Pradesh ranks second in India in terms of mineral wealth.  It has emerged as a key state for the knowledge-based industry including IT, Pharmaceuticals and Biotechnology.  Over 70 of the 500 top global corporations are present in the State.

Investment opportunities are abundant specifically in the manufacturing sector which includes food processing, floriculture, agro processing, petrochemicals, metals, textiles, leather, mining, transport equipment, telecom and so on.  The infrastructure sector is rife with opportunities, be it the areas of power, ports, roads, bridges, telecom facilities, development of coasts, waterways,  Financial services, R&D and Tourism, particularly medical tourism, offer plenty of scope for investment Mr. Devendra Surana explained the South African delegates.