TCS

Good News for Indian Economy

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When a country gets a big investment, not only is it good for the company bringing the capital, it’s also great for the recipient country.  Thus, both India and Tata Consultancy Services (TCS)  should be smiling right now, according to a recent report in Money Control.  The AMR contract (automation of metering and billing) has just been awarded to TCS “of high tension industrial consumers in Haryana.”

According to “an official spokesman of power distribution company Uttar Haryana Bijli Vitran Nigam (UHBVN), the contract will involve 3,200 consumers in 11 districts.  These include: Panchkula, Ambala, Yamuna Nagar, Kurukshetra, Kaithal, Karnal, Panipat, Sonepat, Rohtak, Jhajjar and Jind.”

In addition, the project is meant to be finished in the next half a year.  Much of the work will be based on the most up-to-date GPRS technology and is the first time this has been used in Northern India (with the exception of Delhi).

GPRS Use

All the HT Industrial consumer premises will receive GPRS modems and meter data “will be transferred to server installed in Head office at Panchkula through these modems.”  Through the project, the consumers’ meter reading will be “transferred online to the headquarter.”  What’s great about the project is that it will require no human intervention because of the use of “automatic meter reading, billing and regular data analysis.”  As well, there will be the opportunity for close observation of the consumption of electricity that will “help the UHBVN in preventing the losses due to pilferage of power.”

Improved Accounting

In addition, this project is set to improve the accuracy of billing and make savings in manpower.  In addition, the transfer of power factor will be covered, as well as “time of day consumption, tamper events and half load survey data etc.”

India Investments Encouraged in China

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Beijing Seminar Good for Investment

At a seminar today held in Beijing, India invited Chinese companies to come and make investments in China. The seminar, entitled, ‘India-China Business & Investment Seminar- Opportunities in IT, Engineering & Allied Sectors,’ was organized by Municipal Government of Yangzhou and Confederation of Indian Industry (CII) and Indian Consulate in Shanghai. The aim of the seminar is to encourage Chinese companies to make investments in India while giving them an overview of the country’s “FDI policy, basic tax and business laws, financing options,” facilitating a more informed decision prior to making the investment.

According to an article reporting on the seminar, attendees at the conference included: “Chief Representatives, CEOs and senior executives of Aditya Birla Group, BHEL, ICICI Bank Ltd , Infosys, Jiangsu Sterlite Tongguang Fiber Co Ltd, Elgi Equipments, L&T, MphasiS, Mahindra Satyam, NIIT, PTC Global, SBI, TCS, Tata Steel , Thermax, Wipro Infrastructure Engineering and CII.”

Increased Indian-Chinese Cooperation

It is hoped that there will be further cooperation between the two countries in the following areas: IT and Engineering, and more. According to Vice-Mayor of Municipal Government of Yangzhou Wen Daocai, this “joint initiative [is] offering a unique opportunity to Yangzhou based companies to engage with Indian companies.” New policies will be encouraging Chinese companies through helpful policies, fast approval and financial aid. In addition, through various components like growth, manpower and macro-economic stability to name but a few, India is now able to offer “attractive returns to prospective Chinese investors.”

Anticipated Investments

There are many opportunities these days for Chinese companies to invest in India, especially in the areas of infrastructure, freight, subway and SEZs and currently there is an anticipated trillion dollars worth of such investments. At the seminar, both Indian and Chinese companies were given the opportunity to “forge new business alliances as well as promote two-way investments.”