Archive for August 3rd, 2006

“Engineering services to make it big”

August 3, 2006

By 2020, there could be a $40 billion market opportunity for the Indian IT industry, from offshoring of engineering services. This was one of the highlights that has come up in a study on “Globalization of Engineering Services – the Next Frontier for India” conducted by NASSCOM and management consulting firm Booz Allen Hamilton.

This is the first study to take a systematic and comprehensive view of the role of emerging markets in engineering services and assess the evolution of the engineering market between 2005 and 2020.

Discussing the report, Kiran Karnik, president NASSCOM said, “The Indian IT and software industry is continuously renewing itself and seeking to grow by addressing newer service lines; the latest one being engineering services. Companies in India have developed capabilities and skill sets, and invested in technology platforms to leverage this opportunity. The growth in engineering services signifies the need for global corporations to expand their R&D pool beyond their home countries”.

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Expansion of Civil Aviation Industry

August 3, 2006

As regards the liberalization of the sector, the following significant steps have already been taken:-

(i)  The Foreign Direct Investment limits in ‘Air Transport Services (Domestic Airlines)’ increased from 40% to 49%.  However, the NRI’s have been allowed 100% FDI. 

(ii)  Private scheduled carriers with five years experience in domestic sector and having fleet size of twenty aircraft permitted to operate an international routes.

(iii)  Liberal policy in the exchange of capacity entitlement/traffic rights adopted by the Government which paved the way for more foreign airlines to operate to/from India.

(iv)   Amendment of the various outdated provisions of Aircraft Rules to keep the provisions abreast with the international standards and developments in the civil aviation sector.

(v) Tourist charter guidelines liberalized.

(vi) Fleet expansion plans of Air India/Indian Airlines approved.

(vii)  Restructuring of Delhi and Mumbai airport and work on development of greenfield airports at Bangalore and Hyderabad.

(viii)  Upgradation/expansion/development of airports is undertaken depending upon traffic potential, requirement of airline operators and need of traveling people.

Operation of scheduled airlines in India

August 3, 2006

The scheduled airlines presently operating in the country along with number of aeroplanes in their fleet are:

Air India Ltd. – 37; (2) Air India Charters Ltd. – 07, (3) Indian Airlines – 58, (4) Alliance Air – 15, (5) Jet Airways – 55, (6) Sahara Airlines – 29, (7) Deccan Aviation (P) Ltd.- 33, (8) Kingfisher Airlines Ltd.- 15, (9) Spicejet Ltd. – 6, (10) Paramount Airways Private Ltd. – 2, (11) Blue Dart Aviation Ltd. (Cargo) – 7, (12) Go Airlines (India) Pvt. Ltd.-3.

A total 123000 passengers travel daily by air on an average. As on date 1147 flights are being operated by Indian Commercial Airlines on daily basis:

Air India – 31; Indian Airlines – 254; Air India Express –6; Alliance Air –11; Jet Airways – 335; Sahara Airlines-106; Air Deccan-219; Kingfisher Airlines-96; Spice Jet-48; Go-Air –21; and Paramount Airs – 20.

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Sky is the limit in the aviation industry

August 3, 2006

Looking at the whole gamut of job avenues arising within the aviation industry, BIDISHA GHOSAL explores the academies that help those who wish to pursue a career in the same, reach for the skies

There was a time when we had a limited choice when it came to flying: Air India and Indian Airlines. Now we have a whole gamut to sift through. The sudden surge of airlines automatically opened up a slew of job avenues. Even when the number of job openings shot up, it was no match for the number of applicants.

Then it was hardly thought appropriate for women to kick up their heels and fly about the world and men always looked down upon the job as a ‘woman’s thing’ and went for piloting … Now it is a coveted position that many are vying for. The exotic travel destinations, fat pay cheques and the prospect of meeting new people, lends a glamorous tag to the job.

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India concerned at US plan to sell missiles to Pakistan

August 3, 2006

India expressed concern on Wednesday over the United States government’s plan to supply anti-ship harpoon missiles to Pakistan, saying that they could be employed against India.

The government has engaged and will continue to engage the US government to limit the sale of advanced military technology to Pakistan which could be used against India,? Minister of State for External Affairs Anand Sharma said in the Lok Sabha (Lower House). In a written reply to a question by Mitrasen Yadav of the Communist Party of India, the minister said the government would continue to modernise and equip the Indian armed forces to deal with all threats to national security.

He said that the US Congress had been told that the proposed sale of the American missiles would not affect the basic military balance in the region.

Nevertheless, the government is concerned at Pakistan acquiring advanced weaponry that might be used against India, Sharma said. 

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N-deal: The answers for India’s concerns

August 3, 2006

India’s objections to certain sections in the Senate bill on the nuclear deal with the United States came up for discussion at the nomination hearing of John Rood, the US assistant secretary of state for international security and non-proliferation.

The Bush Administration told the Senate Foreign Relations Committee that it prefers prohibitions on export of enrichment, reprocessing and heavy water production technology as well as an end-use monitoring system to track nuclear technology exports to India to stay in the realm of policy as opposed to a matter of law.

But Senate Panel chairman Richard Lugar said some Indian government officials argued that this prohibition in the Senate bill moves the goalpost set by the original July 2005 agreement.

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BJP, Left come together; rip government apart

August 3, 2006

In a rare convergence, the Bharatiya Janata Party and the Communist Party of India-Marxist joined hands in Rajya Sabha on Thursday to demand a resolution disapproving certain aspects of the Indo-US nuclear deal.

This led to noisy scenes and two adjournments of the House.

The issue rocked the House soon after it met for the day with BJP leader Sushma Swaraj seeking to know whether the government would move a resolution reflecting the sentiments of the House that goalposts on the deal, signed last year on July 18, should not be shifted.

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Yatra to take off with low-cost carrier

August 3, 2006

Anil Dhirubhai Ambani Group-backed online and call centre-based travel service company Yatra.com is planning to tie up with a leading domestic low-cost airline for availing of better fares. 
 
“Though not a normal transaction-based relationship, it will be a close partnership which will enable us to give the best and cheapest airfares for our customers,” Dhruv Shringi, co-founder and board member of Yatra, said. 
 
However, Shringi declined to name the airline saying that it would also tie up with the state government-promoted e-governance initiatives to enhance its reach to masses. 
 
Yatra.com, which has Norwest Venture Partners and TV 18 Group as other promoters apart from ADAG, launched its operations recently. 

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Interview – Mr G. M. Rao, CMD, GMR Infrastructure Ltd, at Delhi IGI airport

August 3, 2006

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SpiceJet posts Rs 41-cr loss

August 3, 2006

The low-cost airline SpiceJet has reported a net loss of Rs 41.42 crore during the first year of operations on a total income of Rs 453.15 crore. Income from operations and net sales stood at Rs 419.65 crore while other income for the period under review stood at Rs 33.5 crore.

Addressing a press conference after the airline took on board the year’s audited results, the Chairman, Mr Siddhanta Sharma, said that the net loss was on account of a number of factors including the substantial expansion during the first year of operation, the Rs 99 promotional scheme which resulted in low yields, and high cost of fuel.

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