Saturday, August 15, 2015

FTAPCCI celebrated 69th Independence Day celebrations

The Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI) has celebrated 69th Independence Day celebrations at FTAPCCI at 8.00am today.

Mr. Anil Reddy Vennam, President, FTAPCCI has Hoisted the Flag. Mr Arun Kumar Dukkipati, Chairman, Industrial Development Committee, FTAPCCI, Mr. Shiv Kumar Rungta, Past President, Mr. V.S. Raju, Past President, Mr. Narayana Reddy, Managing Committee Member, Mr. Singhal, Managing Committee members of FTAPCCI and FTAPCCI other officers, staff have also participated at the celebrations.

Mr. Anil Reddy Vennam while speaking on this occasion - emphasized that unity in diversity is the strength of Indian Nation, while undergoing difficult testing times of the country could come out with flying colors, and show to the whole world about the democratic strength of India.

Monday, June 15, 2015

Sri Anil Reddy Vennam unanimously elected as President of FTAPCCI and Sri Ravindra Modi elected as Senior Vice President

Sri Anil Reddy Vennam, a renowned Industrialist and Technical Director in Plastic Industry unanimously elected as President of the Federation of Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI) and a popular Industrialist and Managing Director of Hyderabad Food Products Private Limited (Surya Masale Brand fame) Sri Ravindra Modi elected as Senior Vice President of FTAPCCI for the year of 2015-16 at its 98th Annual General Meeting held on June 15, 2015, at Federation House, Red Hills, Hyderabad.

Sri Anil Reddy Vennam holds a degree in B.E. Mining from Osmania University in 1984 and Diploma in Computer Applications. He is Technical Director for M/s. Nayastrap Pvt. Ltd., Hyderabad.

He is Member of State Advisory Committee of TSERC, Minimum Wages Advisory Board of Telangana, Telangana State Pollution Control Board (TSPCB) and Telangana State Electrical Licensing Board - Electrical Inspectorate, Govt. of Telangana and AP Welfare Board - Labour Department, Govt. of Andhra Pradesh.

He is also Member on the Regional Direct Taxes Advisory Committee (RDTAC) and Divisional Railway Users Consultative Committee (DRUCC) Hyderabad Division, South Central Railway.

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 & 2013.

He was also Central Excise Regional Advisory Committee Member of 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, APPCB, Head Office and also at R.C. Puram, Zonal Office from 2000 to 2008.

Sri Anil Reddy Vennam is a Guest Lecturer for Entrepreneur Development Programme at Osmania University & JNTU and many Private Engineering Institutions.

He has been associated with FTAPCCI for two decade and became Member of the Managing Committee and was Chairman of Expert Committees, Trade & Commerce and Energy Committee.  He is the Chairman of one of the ITI Colleges, Managed by FTAPCCI across the State. He was Sr. Vice-President of FTAPCCI for the year 2014-15.

Sri Ravindra Modi has a brilliant academic career.  He holds degree of Bachelor of Science (Hons) and Master of Science (Technology) from University Department of Chemical Technology (UDCT), Mumbai.

He is Member of District Level Food Advisory Committee – Collector-II, Ranga Reddy District, Govt. of Telangana, IMS-Regional Board, ESI Corporation, Govt. of Telangana and AP Electrical Licensing Board – Electrical Inspectorate, Govt. of Andhra Pradesh, State Advisory Committee of Andhra Pradesh Electricity Regulatory Commission (APERC).

He has been associated with FTAPCCI for more than 6 years as Managing Committee Member. He was Co-Chairman and Chairman of various expert committees, viz.  Agriculture, Tourism, Trade & Commerce. He has wide experience in a production / warehouse environment. He is a Goal oriented professional with strong leadership capabilities and a proven ability to work in unison with all levels of staff and management.

His Techno Savy Company is in the manufacturing of food products under the popular brand name ‘SURYA’. He has a wide and rich experience in the food industry for more than 30 years.

Sri Ravindra Modi has travelled extensively to various parts of the world and is a voracious reader and fitness enthusiast.

Bankers Conclave on “Financial Opportunities for MSME Sector"

The Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI) in association with Central bank of India, SIDBI & State Bank of Hyderabad organized a Bankers Conclave on “Financial Opportunities for MSME Sector" today( May 23, 2015) at FTAPCCI, Hyderabad.

Shri Etela Rajender, Minister for Finance, Government of Telangana was the chief guest at this occasion.

Shri K Pradeep Chandra, IAS, Special Chief Secretary, Government of Telangana, Shri. Shiv Kumar Rungta, President, FTAPCCI, Dr. N. Krishna Mohan, Principal Chief General Manager & Banking Ombudsman, Andhra Pradesh & Telangana, Sri WVR Murthy, MD, APSFC, Mr. Gowra Srinivas, Chairman, Banking, Finance & Insurance Committee has addressed to the Media.

Without industry the vision of Golden Telangana will not fructify: Sri Jupally Krishna Rao, Hon'ble Minister for Industries

Points noted in the “Make In India” Conference by FTAPCCI @ Park Hyatt
Jitender Reddy Garu:
1) The CM, KCR garu has initiated an conducive industrial environment by providing power to the industry & residences.
2) It is important to improve industry in Telangana. Our CM in inviting all industries to invest in our state.
3) For eg: In my own district Mahboobnagar, we have large units like Johnson & Johnson, P & G and Amazon who have set up their operations, who have employed about 80% of our location job seekers in their facilities. We have built up a skill training center with a tie up with an Australian skill development organisation for the local talent to get them employed in the factories & enterprises in Mahboobnagar.

Jupalli Krishna Rao Garu:
1) Without industry the vision of Golden Telangana will not fructify. We invite all the industries to invest in the state.
2) Our government promises transparency & lays Red carpet to the investors. We have the firm registration process an easy job by putting in place a process where the Investors just need to fill in a upload a single application form and can get all clearances on 30th day and for mega projects in 50days.
3) As promised by our CM, we have implemented “NO POWER CUTS” for the industries. We have also initiated power incentives and other benefits to develop a conducive eco system.
4) What we lack is appropriate skills and sophistication in manufacturing industry to support this growth.
5) We invite all the industries to grow & invest and we will support you in every step.

Mr. BVR Mohan Reddy:
1) It was Parkisnon in his his book who had predicted that India and China with become a super Power at the end of 21st Century. Already China has become the leader in manufacturing and we are doing a great job in IT industry.
2) It is imperative to have “Make in India” because:
a) We need to generate 600 million jobs in the next 10 yrs.
b) We have to reduce our imports bill. This currently at $30bn only that need to grow exponentially.
c) Foster self-reliance for both pride and security
The challenges ahead of us are:
I. We lack manufacturing competitiveness.
II. There is reduced “ease of business”
III. Develop economics of scale for profitability.
IV. We lack an innovation culture and are afraid of taking certain steps to grow.
V. We don’t have the right talent.
My suggestions are:
1. We encourage entrepreneurship.
2. Build reforms in taxation.
3. Build specific environments for specific sectors such as – aerospace, electronics etc..
4. Bring on the next wave of industrial revolution called “Manufacturing revolution”.
5. Support entrepreneurship through incubation centres.

"Make in India- Opportunities and Challenges, on April 24, 2015 at Hyd-

The Federation of Telangana and Andhra Pradesh Chamber of Commerce and Industries (FTAPCCI) is organising a two-day national seminar on Make in India- Opportunities and Challenges, on 24th and 25th April, 2015, at Park Hyatt, Hyderabad. The event is supported by Government of Telangana.

The theme of the seminar is Let’s DO – DO stand for “Discover Opportunity”

The purpose of the programme is to discuss the issues and challenges in making India, one of the major manufacturing hubs in the world. When we look at the India’s growth pattern, we see that the share of agriculture sector in the GDP declined at a fast pace to 17.9% (at 2004-05 series) where as the share of services sectors increased to 56%. The share of industries sector remained almost stagnant at 26% for two decades now. This pattern of growth is not sustainable in the long-run, especially for a country like India, where we have huge amounts of human and natural resources.

In the recent past the decline of growth has been particularly sharp in manufacturing which is dropped from about 7% in 2011 to minus 1.2% in 2013. The fall in Manufacturing’s elasticity is a matter of great concern which has fallen from 0.76 in the first period to minus 0.31 in the second. India needs to create 30 million additional jobs between 2010-2015 but could create only around 3 million jobs in the period. It is estimated that over 5 million jobs per year from 2015 to 2020 need to be created to provide jobs for working population. With stagnant share in GDP and falling manufacturing elasticity and falling share of agriculture in the GDP creating 5 million additional jobs a year is next to impossible task.

In this scenario, the Hon’ble Prime Minister’s initiative of “Make in India” campaign gives a ray of hope and the initiatives taken by the Government of India on various fronts to improve ease of doing business are attracting investments from national and international investors.
Now “India is on the brink of major change and it is up to us, to make best use of it to emerge having made the best of it. We need to understand the obstacles that stand in our way and chart our path of progress accordingly. That is precisely the agenda of the Discover Opportunity seminar,” explains Mr. Shiv Kumar Rungta, President, FTAPCCI.

The two day brainstorming session will be attended by ministers, senior officials, industrialists, entrepreneurs, scientists, economists and influencers. The subjects of discussion range from Policy perspective on Make in India, World economic environment, Free Trade Agreements, Indigenisation and opportunities for MSMEs, Licensing and sanctions, and Increasing manufacturing efficiency to sector wise opportunities in various industrial sectors such as food processing, textiles, IT and ITES, Pharma and bulk drugs etc.

The programme, through a series of discussions, knowledge sessions and presentations will throw light on various policies and regulatory issues, and provide an understanding of growth patterns and emerging trends in global business. It will also facilitate interaction and networking with policy makes, regulators, government officials, suppliers, manufacturer and other stake holders. We expect this program to attract more than 300 participants from various industries, academia and the government. 

Thursday, September 4, 2014

Seminar on 'Managing Risks through LCs,Guarantees, SBLCs & BPO'

With increasing pace of globalization, businesses worldwide have broader access than ever before to markets across the world. The goods are sold in more countries in larger quantities and in greater variety. But with increased volume of trade and global economic scenario, there are chances of increased trade disputes on frivolous grounds. Adherence to trade facilitation rules of the Paris based International Chamber of Commerce (ICC) will help reduce the risks of trade disputes substantially, if not eliminate them altogether.

This was highlighted at the ICC India – BNP Paribas – FICCI – FAPCCI Seminar on Managing risks through LCs, Guarantees, SBLCs & BPO, held on September 03, 2014, in Hyderabad.

Attended by over 100 participants from banks, corporates, law firms & consultancy organisations, the seminar was addressed by Mr Nimesh Karwanyun, Managing Director and Head of Global Transaction Banking, BNP Paribas ; Mr Anil Reddy Vennam, Senior Vice President, FAPCCI; Mr K Parameswaran, Corporate Advisor and a leading trade expert in International Trade and Finance; and Mr Ashok Ummat, Executive Director, ICC India, International Chapter of the Paris based  International Chamber of Commerce.

In his opening remarks, Mr Nimesh Karwanyun highlighted the leading role played by BNP Paribas in International Trade Finance and impressed upon the importance to follow ICC rules for trade facilitations.

Mr Anil Reddy Vennam, Senior Vice President, FAPCCI, addressing the delegates, emphasized the importance of following ICC trade facilitation rules and the increasing role of technology in trade payments.

In his presentation, Mr K Parameswaran, Corporate Advisor and a leading trade expert in International Trade and Finance, highlighted important issues like overview of changing trends in international trade; risk perception of an exporter/Importer in international trade; Impact of ICC Rules in trade transactions;   understanding ISBP 745 on examination of documents; avoiding discrepancies and discrepancy charges; ensure straight through processing of documents; operational issues in Bank guarantees and Standby letters of credit; comparative analysis of URDG 758 & ISP 98 and its impacts on trade transactions; Bank Payment Obligation (BPO) – from the corporate and bank perspective; how BPO will be beneficial to the parties in International trade etc.

Mr Ashok Ummat, Executive Director, ICC India, highlighted the anticipated rise in world trade, there could be chances of increases in trade disputes. I understand that global trade growth was a little above 3% during 2013, although picked up to an annualized growth rate of 4% during the first quarter of 2014 and is anticipated to accelerate beyond 5% through 2016 as per recently released ICC Global trade Survey 2014. To reduce the chances of disputes, if not eliminate them altogether, all stakeholders should follow the ICC trade facilitation rules.

ICC is the world business organization, a representative body of world business that speaks with authority on behalf of enterprises from all sectors in every part of the world. Fundamental mission of ICC is to promote trade and investment across frontiers and help business corporations meet the challenges and opportunities of globalization.