Industry watch Haridwar

'More hydel projects need of the hour'

Contrary to the decision by a group of ministers to scrap two hydroelectric projects in Uttarakhand, Principal Scientific Advisor R. Chidambaram has stressed the need for construction of more hydel projects to meet the growing energy requirement of the country. More hydel projects should be developed as the country would require 10 lakh mw of power by 2050, Chidambaram said here at a workshop on participation of ex-servicemen in development of rural areas.

He, however, said half of the required power could be produced through nuclear energy as Uranium would be available easily from foreign countries. But for the remaining energy, we have to construct more hydropower projects, he added. Regarding participation of ex-servicemen, Chidambaram said that centre is preparing a plan for development of rural areas with the involvement of ex-servicemen as they are hardworking, experienced and skilled force which can bring about a change in their areas. In this regard, he said voluntary organisations would also be involved in the project.

Job market likely to double in 5 years

As the economy expands, India's job recruitment market is also expected to grow in line and double at Rs 2,000 crore in the next five years, a top industry official said. The shift of industrial activities to smaller towns has also created major job opportunities in these areas. Gujarat's small towns like Vapi, Anjar and Bharuch, Chattisgarh's Raipur, Bilaspur and Korba and Uttarakhand's Haridwar and Rudrapur have provided higher job opportunities, following industrialisation in these areas, Esource India's MD Nitin Deveshwar told PTI. "The growth in India's economy has helped bring about a tremendous growth in the manufacturing, banking and services sectors in the country. The job recruitment market here is set to grow at 20 per cent per annum and touch the Rs 2,000 crore mark in five years from the present Rs 1,000 crore," Deveshwar said.

Esource India is a subsidiary of ESMS (I) Pvt Ltd, which is a leading security company with nation-wide operations and is a full-service recruitment agency powered by an online database combining social networking and traditional recruiting. The country's manufacturing sector is growing at 8 to 10 per cent and is expected to generate 0.5 million employment opportunities alone, Deveshwar said. Public sector banks as well as private ones are expected to hire in a big way in the coming years as they expand their footprint in smaller towns, he added.

MoU for alternative therapies

Uttarakhand government has signed a Memorandum of Understanding with a private firm to set up an 'Ayush gram' in Nainital where patients will be treated using alternative therapies like ayurveda. Under the MoU, which was signed by director Ayush Puja Bharadwaj and CEO of Emami N Venkat in the presence of chief minister Ramesh Pokhariyal Nishank, the Ayush Gram would be developed under PPP mode with an investment of Rs 50 crore. In the Ayush Gram, to be set up on a 10 acres of land, the patients would be treated by a range of alternative therapies like Ayurveda, Homeopathy, Unani, Siddha and Yoga.

Interarch to set up

4th unit

Turnkey pre-engineered metal building company Interarch Building Products, which has two units in Uttarakhand, is setting up its fourth manufacturing facility in Sriperumbudur at an investment of Rs 10 crore. Besides this facility, the company currently has a facility at Greater Noida and two in Uttarakhand. The Chennai plant would have a total manufacturing capacity of 30,000 metric tonnes and it would cater to the growth demand for pre-engineered metal buildings in South India, it said. It is equipped with latest technology fulfilling the supply requirements for some of the clients of Interach Building Products, it said.

"The new production facility at Sriperumbudur will bridge the gap between demand and supply by providing localised and timely services and delivery of the product to our clients. We feel there is enormous scope of infrastructural developments in the southern region," Interarch CEO Arvind Nanda said.

With this, the company currently has a manufacturing capacity of more than 1,

50,000 metric tonnes per annum of steel buildings and over 40,000 metric tonnes per annum for roofing and cladding systems, it said. Some of the company's clients include Tata Motors, Reliance Industries, General Motors, Bajaj, Hyundai, Fiat and Honda, it added.