Womens Day Celebrations at FAPCCI

The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) is organized a “International Women’s Day Celebrations”, today (8th March, 2014) at 11.00 am at  the JSK Hall, Federation House, Hyderabad.

Smt. C.S. Rama Lakshmi, I.F.S., Commissioner of Seri-culture,  Department of Seri-culture, Govt. of Andhra Pradesh was the chief guest and Smt. Ramadevi, President, ALEAP was the guest of honour at the occasion. Sri Shiv Kumar Rungta, Senior Vice President, FAPCCI, Smt. P. Vydehi, Secretary (I/c) also addressed at the occasion.

Media Release by: Adventura (A Kushmanv Group)

Lesotho was the rising country in international global market

The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) in association with Kingdom of Lesotho jointly organized an interactive session on “Bileteral Trade Relations between India & Kingdom of Lesotho” today (March 05, 2014) at FAPCCI, Red Hills, Hyderabad.

His Excellency Hon. Mr. Mohlabi Kenneth Tsekoa, Hon’ble Minister of Foreign Affairs and
International Relations, Kingdom of Lesotho was the chief guest for this occasion.

Dr. Ashok Kumar Kedia, CEO, Kedia InfoTech & e-Seva World, Mr. Surat Singh Malhotra, Hon. Consul of the Kingdom of Lesotho, Hyderabad, H.E. Mr. Bothata Tsikoane, High Commissioner of the Kingdom of Lesotho, Mr. Mokhethi Shelile, Head, Forign Investment, Kingdom of Lesotho, Mrs. Boopane Masoebe, First Secretary, Kingdom of Lesotho and Mrs. P. Vydehi, Secretary (Incharge), FAPCCI was the other speakers at the occasion.

Mr. Mohlabi Kenneth Tsekoa, Hon’ble Minister of Foreign Affairs and International Relations, Kingdom of Lesotho said that the Lesotho was the rising country in international global market, and the Kingdom of Lesotho offering industrial friendly environment to the industrialists to invest in Kingdom of Lesotho. The investors can develop their own industries in Agriculture, Agri-Tech, Construction, Mining, Engineering, Textiles, Environment, ICS and Tourism segments he said.

The bilateral trade between the India and Kingdom of Lesotho has drastically decreased from USD 24.35 to USD 11.05 Million. The major Indian imports are wool, fine or coarse animal hair, horsehair yarn & woven fabric, apparel and clothing accessories not knitted or crocheted.  The Indian exports are mainly pharmaceuticals and fabrics. The potential areas of cooperation are Tourism, Pharmaceuticals, Agriculture, Print Packaging, Renewable Energy, Textile, Education and Infrastructure Development he explained.

Media Release by: Adventura (A Kushmanv Group)

FAPCCI expressed serious concern about the power cuts

Mr. Shivkumar Rungta, senior vice president and Mr. V. Anil Reddy, Vice President, FAPCCI expressed their serious concern about the power cuts and power holidays for industrial consumers in the State as announced by the DISCOMs.

We were informed that industrial consumers will have to take one day power holiday per week in view of the shortfall in the availability of power.

This has come as a rude shock to the industry. We are still coping with the losses incurred during last year due to acute power shortage and the R & C measures imposed by APERC. It is only from August 1, 2013, that R & C Measures are removed and within 7 months, again the power cuts are started and industry is asked to stop the production for one day in a week. No doubt this will be increased to two days and even three days, as is done last year apart from peak hour restrictions from 6PM to 10PM on all days.

Then Hon’ble Chief Minister and the power department officials, time and again assured the industrial consumers that there will not be any power cuts for industry this year and 100% power will be supplied. They also assured that short term and medium term power purchase agreements are made by DISCOMs to meet the power requirement in the state. AP Transco Chairman in the SAC meeting held on 16 January 2014 said that arrangements are made to meet the demand for power for February to May 2014. Inspite of these statements made by the Chief Minister and the Officials, now industries are subjected to power cuts even before summer has begun.

We questioned the integrity of DISCOMs to declare power holidays. We wanted to know whether this has been done under the guidance and sanction of APERC. We request the APERC to take suitable measures to protect the industry from the power cuts and streamline the power supply.

Yesterday’s announcement of power cuts and power holidays to various categories of consumers is most unfortunate. Inspite of our repeated request to make arrangements for continuous power supply to the industry for the past 4 months power department has failed to take any measures to save the industry in the state. This clearly shows the lack of foresight and the apathy towards the industrial consumers said Mr. Shivkumar Rungta, senior vice president and Mr. V. Anil Reddy, Vice President, FAPCCI.

Media Release by: Adventura (A Kushmanv Group)

MSME employment can grow nearly 140 million workforce by 2020

The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) in association with State Bank of Hyderabad and Andhra Bank jointly organized an conference on “Financial Management for SMEs: Raising Capital through Stock Exchanges & Criteria for Listing on Exchanges” today (March 03, 2014) at FAPCCI, Red Hills, Hyderabad.

Sri C.V.R. Rajendran, Chairman & Managing Director, Andhra Bank was the chief speaker at the conference.

Sri Ajay K. Thakur, Head, BSE SME Platform, Mumbai, Sri S. Raman, Whole Time Member, Securities & Exchange Board of India, Sri Shiv Kumar Rungta, Senior Vice President, FAPCCI, Sri Anil Reddy V, Vice President, FAPCCI, Sri Arun Luharuka, Chairman, Corporate Affairs Committee, FAPCCI and Ms. Vydehi P, Secretary (Incharge) was the other speakers at the occasion.

Sri C.V.R. Rajendran, Chairman & Managing Director, Andhra Bank said that the MSME segment in India forms the backbone of economic growth and therefore in a growing economy like India there is immense potential for the SME business to grow. This segment contributes 8% to India’s GDP and its share to country’s manufacturing output is 45%.

MSME employment can grow at 12% over next decade to reach nearly 140 million workforce by 2020 and we can expect MSMEs to contribute 20% of India’s GDP by 2020.

Note: Full speech of Sri C.V.R. Rajendran, Chairman & Managing Director, Andhra Bank has attached with the mail.

Telangana needs a Special Status & Telangana Development Bank: Speekers at Seminar

The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) and

 Telangana Industrialists Federation,  Telangana Development Forum jointly organized the seminar on “Industrial Development in Telangana: Problems, Prospects with Focus on Special Category Status” on Thursday, 28th February, 2014 at 4.00 pm at J.S. Krishna Murthy Hall, Federation House, Red Hills, Hyderabad.

Dr. Smt.  Dr. J. Geetha Reddy, Hon’ble Minister for Major Industries, Government of AP was the Ghief Guest for the Seminar.

Sri. G. Prasada Rao, Minister for Small Scale Industries, Government of AP, Sri G. Vivek, Member of Parliament, Prof. Kodanda Ram, Chairman, TJAC, Sri. Ramesh, MLA, Dr. Raja Reddy, Advisor, Govt. of AP, Sri. P. Vivek, Additional Director, Vigilance & Enforcement Department, Sri Nrupender Rao, Pennar Group, Sri Rameshwara Rao, Industrialist, My Home Group, Sri D.P. Reddy, TCF (USA/India), Sri APK Reddy, President, FSME-AP, Sri V. Anil Reddy, President, FAPCCI and Sri K. Sudheer Reddy, President, Telangana Industrialists Federation has addressed the industrialists.

Media Release by: Adventura (A Kushmanv Group)

Corporate Governance is about ethical conduct: Smt. Ekta Bhal, TATVA Legal

The Federation of Andhra Pradesh Chambers of Commerce & Industry (FAPCCI) have organized an interactive session on  “Companies Act – 2013” on Thursday, 20th February, 2014 at 4.00 pm at J.S. Krishna Murthy Hall, Federation House, Red Hills, Hyderabad.

Smt. Ekta Bahl, Partner, TATVA Legal stated that the Corporate Governance is about ethical conduct in business. The Corporate Governance is beyond the realm of law. It stems from the culture and mindset of management and cannot be regulated by legislation alone.

Board of directors are trustees for the entire body of stockholders, and both good morals and common law imperatively demand that they shall manage all the business affairs of the company with a view to promote, not their own interests but the common interests of all those who have made an investment in the company she said.

According to the Supreme Court official liquidator Sri P.A. Tendolkar the A director may be shown to be so placed and to have been so closely and so long associated personally with the management of the Company that he will be deemed to be not merely cognizant of but liable for fraud in the conduct of the business of the Company even though no specific act of dishonesty is proved against him personally. He cannot shut his eyes to what must be obvious to everyone who examines the affairs of the Company even superficially Smt. Ekta Bhal said.

Appointment, Roles and Responsibilities of Directors under the Companies Act, 2013 the companies required minimum directors, such as Public company requires minimum 3 directors, private company requires at least 2 directors and one person company must have one director for that respective company she said.

First directors of a company until they are appointed by the general meeting could be named in the Articles of Association. In the absence of such a provision the individual subscribers to the Memorandum of Association would be deemed to be the First Directors. Listed company to have 1/3 of the total strength of the Board as Independent Directors and Other Companies. Central Government can notify other classes of companies to appoint Independent Directors. Independent Directors to be appointed from a data bank maintained by authorised bodies / institutions.

A company can appoint a managing director, if he is the managing director or manager of one, and of not more than one, other company if it is approved by a resolution passed by the consent of all directors at a meeting of the Board and a specific notice has been given to all the directors then in India Smt. Ekta Bahl, Partner, TATVA Legal stated at the interactive meeting.

Sri Srinivas Ayyadevara, President, FAPCCI, Sri Arun Luharuka-Partner, Luharuka & Associates, Hyderabad, Sri V.S Raju- Past President, Advisor, Corporate Affairs Committee, FAPCCI and Sri Ganesh Balakrishnan, Partner, Deloitte Haskins & Sells has participated at the meeting.

HarithOn on Feb 23, 2014 with 15,000 participants

Sri Jayesh Ranjan, IAS, Vice-Chairman & Managing Director, APIIC Ltd announced the Mega Green Run HarithOn on Febrauary 23, 2014. He said that the the fourth edition of HarithOn - Mega Green run organizing with 15,000 participants at Necklace Road, Hyderabad. 

Sri Jayesh Ranjan, IAS has launched the HarthOn mega green run poster and he addressed the Media today (February 15, 2014) at FAPCCI. Sri Anil Reddy V, Vice President, FAPCCI, Prof. Ch. Sanjay,Director, GITAM School of Technology, Hyderabad, Sri Meela Jayadev, MD, Sudhakar Pipes Limited, Sri Naidu Darapaneni, CEO, Meraevents.com, Sri Prashant Jain, Founder, Gifting Happiness.com and Sri Shri Sakhare, CEO, Gamlaa.com, Mr. Ravadi Kantha Rao, Secretary, P3PA have addressed the media.

The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and Planet 3 Protection Alliance in association with The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI), Sudhakar Group, Andhra Pradesh Pollution control Board (AP PCB), JNTUH, Gitam University and www.TradeAndIndustry.co.in b2b online portal jointly organizing “HarithON- The Green Run”  with 15,000 participants on February 23, 2014, People’s Plaza, Necklace Road, Hyderabad Sri Jayesh Ranjan said.

The mega green run "HarithOn" is to promote healthy and greener lifestyles for a sustainable future. On this occasion we are also organizing a Green Exhibition by Green Entrepreneurs, Companies. It is an objective ofHarithOn is to promote eco-friendly ways for better living and sustainable growth. And to help Green Companies & Entrepreneurs connect with target audience by letting them showcase their best green practices, ideas, technologies & products on the event day at the venue. The HarithOn is the first run in India to use Organic T-shirt for a run with Global Textile Standards Certification and it is the only run in India organized by students with the support of Government, Semi Government and Private organizations support Mr. Jayesh Ranjan explained to the media. 

Mr. Anil Reddy, Vice President, FAPCCI said that the FAPCCI is one of the co-host for HarithOn mega green run from the inception and through this event FAPCCI requesting the industries and chambers to encourage eco-friendly environment in and around the industries and industrial zones.  

Mr. Ravadi Kantha Rao said that the HarithOn mega green run will begin from necklace road at 7.00 am and the run will close by 9.30 am. The participants will complete 5 km distance run and many celebrities from the Government, Film Industry, Sportsmen and leading industrialists are participating.  

APPMA, FICCI,  Surana Group, Hyderabad Traffic Police, Zumba with Vijaya, SIA Photography, Prasad’s IMAX, Pragti Printers, Rotary club of Cyberaabd, Healthy Water  Technologies, www.MeraEvents.com,www.GiftingHappiness.com, www.Gamlaa.com, AMCHAM, HDCF are supporting this  HarithOn.

Interested persons can contact  Mr. Nihal ON 9966885771 and Mr. Kaladhar on 9966334175 for registrations to participate at HarithOn mega green run. For more details can please visit www.p3pa.org.in. The participation inHarithOn – The Green Run is free for all.