reviewTUESDAY | 24 JANUARY 2012

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EASTERNBUSINESS 19

infrastructure & industry inclusive growth employment agriculture culture biz news

� Which are the sectors that have con-tributed in real terms to the economicgrowth in eastern India?

Besides infrastructure and the miningindustry, the growing education sector hasreally contributed in a big way to therespective state’s GSDP in the east.� Can inclusive growth in the eastgive the much-needed boost to the edu-cation sector in Odisha?

The strategic location of Odisha, resem-blance of culture, food, cost of living andquality education to some developed statesare few major factors which are going toprovide the boost.� How good is the placementscenario?

Placement depends on the market senti-ment. Since the IT industry is doing wellnow, we expect better IT recruitment.

If this does not do well then recruitmentfor other core engineering branches

will go up.� How well poised is your college tomake a mark in the region?

Our college has different exclusive engi-neering branches like Marine Engineer-ing, Nautical Science and AutomationEngineering. These programmes providegood employment opportunities. The col-lege has established different centres ofexcellence like Bosch-Rexroth for automa-tion, IBM for IT education and many more.� Your prescriptions to handle imped-iments …

To maintain the growth in the educationsector there should be at least one control-ling authority and the fee structure ofeach college for different educational pro-grammes should be market driven, so thatthe institutions with quality can excel.

Rout is chairman, CV Raman College of Engineering

Engineering Development

THE SECTORS which havebeen unleashing the untapped potentialand contributing to industrialisation inthe eastern region are primarily naturalresources in mining, steel making, powergeneration and aluminium industries.Human resources based industries–IT/ITeS sector, telecom, communication,education, research and most important-ly the service sector including banks,financial institutions, hospitality andtourism industry along with the realestate and logistic industries have playeda very important role.

Like the rest of east India, Odisha isabundant in natural resources, forests,quality manpower as well as a rich cultur-al heritage. I have a firm belief that, a wellbalanced development programme ensur-

ing inclusive growth through provision ofphysical infrastructure and service deliv-ery will result in a meaningful economicgrowth of the state. This can be achievedonly if the infrastructure deficit can beovercome and adequate investment takesplace to support higher growth and animproved quality of life for both urbanand rural communities.Infrastructureshall play the role of enabler for theindustrialisation of the state. We need todouble our investment in infrastructurein terms of industrial corridors, free-highways, port connectivities, highercapacity power transmission corridors,creating satellite and industrial town-ships, dedicated industrial investmentregions etc.

Jena is CMD, IAS,IDCO

Paving the Path Ahead

DURING 2011, OPGC has added acouple of feathers in its cap by imple-menting market-based remuneration forexecutives tied to market-based serviceconditions, for the first time within pub-lic sector enterprises.

It is also the first state PSU to adoptIntegrity Pact by signing MoU withTransparency International India.

We expect 2012 to be a great year forOPGC, anticipating completion of sever-al milestones in our expansion projectclearing the path for 1320 MW capacityaddition. Blended with strong supportand guidance from the government ofOdisha and professionalism and valuesfrom AES Corporation, OPGC is proud to

stride towards its vision of being a world-class power utility.

OPGC recently signed an MoU withTransparency International India com-mitting itself, its suppliers and contrac-tors for adoption of Integrity Pact. Withthis initiative, Odisha has become thefirst state and OPGC the first PSU to joinhands with TII to pioneer transparencyand fairness in its operation.

The proposed capacity at the existingplant site in Jharsuguda district ofOdisha has made significant progress.The estimated project cost is ̀ 10332 croreincluding power plant, railway line andcoal mine.

Venkatachalam K, MD, IAS, OPGC

A Brighter Vision

� Do you feel inclusivegrowth rate in the east cangive the much-needed boost toindustrial revival?

With every government wehope for the best and we arehopeful that West Bengal willexperience a lot of positivechanges under the present lead-ership providing boost to indus-trial revival.� What is the market sce-nario for the electronic securi-ty and safety industry?

Our industry is presentlygrowing at a 20 per cent perannum growth rate, which is con-sidered to be good. The east has a15 per cent market share withplenty of scope for growth.� Your prescriptions to han-dle impediments that aredeterring growth in yourindustry…

Security and safety needsshould be taken very seriouslyand industrial/non-industrial/institutional con-sumer awareness is very impor-tant. At the same time govern-ment support towards this indus-try is crucial. About 95 per centof our products are imported.High custom tariff and the cur-rent tax structure are the majorobstructions to growth.� What should be the govern-ment’s role in order to aidyour industry in reaching outto the people with securityplans and safety devices?

The government should chalkout massive awareness pro-grammes, strong legislation andwell-defined security and safetystandards. Annual security andsafety audit by independentauthorised agency should bemade mandatory.� In what ways have youtried to bridge the gapbetween demand and supply?

Since inception in 1995, webeing pioneers in this field haveconstantly updated our productswith time. There is a huge short-age of technical manpower andtechnical support. To overcomethis we are planning to set up atraining institute called I-SAFE(Institute of Security and FireEngineering).

Bhutoria is MD,Vicom Security Private Ltd

Making aDifference

Editorial Coordinator : Kalyan Parbat and Aditi Guha

Editorial Contributors: Rakhi Mazumdar, Anuradha Himatsingka, Tamal

Sengupta, Ashoke Nag, Atmadip Ray, Writankar Mukherjee, Sutanuka Ghosal,

Debjoy Sengupta, Sreeradha D Basu, Ashok Mishra, Bikash Singh

and Nageshwar Patnaik.

Editorial Assistance: Debolina Sen

Design Head: Prabir Das

Design: Debasish Mukherjee, Arnab Guha, Indrajit Sen, Sayantanee Chanda,

Upen Sarkar and Avisek DasSANJIB

KUMAR

ROUT

VENKAT-

ACHALAM K

RAJESH

BHUTORIA

PRADEEP

KUMAR

JENA

reviewEASTERNBUSINESS

The company has been successfully tapping the metcoke export market and is regularly exporting coke tovarious countries, to offset the lower domestic demand.Gujarat NRE Coke Ltd has been using this slowdown tobuild in n capacity and to get itself ready for theinevitable upturn. All necessary approvals from variousgovernment departments required for the project clear-ance of Brownfield expansion at Bhachau in Gujarat isunderway.

Work is in progress for setting up the 1.5 MTPAGreenfield coke plant in Andhra Pradesh , for r wwhichland has already been acquired and public hearing inrespect to environmental clearances of the project hasbeen n successfully completed. The company is workingto increase its in stalled capacity of met coke productionto 4 MTPA and is confident of achieving the same by2015.

�> How do you plan to leverage your keystren gth of secured supply of cok ing coalfrom Australian mines?Coking coal is in short supply globally. The price of cok-ing coal had peaked to over $300 per tonne in early 2011due to floods in Queensland, AAustralia, with availabilitybeing scarce, putting the entire metallurgical industryin the thaws of great uncertainty We at Gujarat NREtake assured comfort from the secured supply of cokingcoal from our own mines which insulates us from the

extreme volatility. Even today, with slowdown knockingat t the door of global economy led by the downturn inEurope, the coking coal price is stifi higher than what itwas 12 months back. We are steadily increasing our pro-duction of cokinng coal from our r mminnes in Australia

The longwall mining in our NRE Nol mines is sched-uled to start in the next few weeks which would takeour production to over 2 MTPA in the next fiscal. We areon schedule to achieve the 6 MTPA production of cokingcoal by 2015. After meeting the needs of the Indian com-pany, the excess coking coal is sold to China.

�> When do you plan to have GNMRL listed?Since late 2010 we have been working towards gettingGNMRL listed but the unfavourable state of the marketshave pprevented us from doing anything, which couldhave been an investor value destroyer.

We are fortunate to be in one of the most potentialsectors one could be in the world economy today and Iam m sure GNMRL shall reap big rewards once the worldstarts recovering. We expect the market to recover some-time soon, and accordingly plan to get ourselves listed.listed.

GNMRL has recentl y y announced a RightsIssue. What is unique in it for existin gshareholders?Rights Issue of Optional Fully Convertible Bonds(OFCB) is a unique investment opportunity that

GNMRL offers to its share holders, which is a blend ofdebt and equity with an attractive, definnite annd assuredreturn. It also introduces the shareholders of GNMRLto an exclusive option in the form of equity shares ofthe company to explore the long term benefits of thediversified business, the group is operating in.

The issue offers assured lucrative redemption premi-um and is a secured form of investment against anyfuture downturn in the market, with assured returns.

There’s excitement in the air. What elseis happening? Some have already started topack theirh oliday bags...Please elaborate...(Smiles..) We have announced a trip toSydney and an optional visit to our coal mines in Wol-longong, AAustralia for a couple, to two best entries of aquiz contest that is being organised among the share-holders of Gujarat NRE Mineral Resources Ltd and hasalso been n extended to shareholders of Gujarat NRECoke Ltd. Employees of the company (both existing andpast) and their relatives are strictly not eligible to par-ticipate in the quiz contest.

The quiz contest is being organised to promote andencourage investor awareness among the shareholdersabout the company and its operations. I feel that it is aunique opportunity for the shareholders to know moreabout t the group as well as to get associated more closelywith this organisation.

ADVE RIO R IAL

GuJarat NRE Minera l Resources:Unique and Stron g

ARU N KUMAR

JAGAT RAM KA ,CMD, GUJARAT NRE

MINERAL RESOURCESLIMITED , DISCUSSES THE

LATEST DEVELOPMENTS

AND THE FUTURE IN AA

FREE WHEELING CHAT

WITH ADITI GUHA

�> How is Guj arat NRE Minera l ResourcesLtd (GNMRL) unique?Gujarat NRE Mineral Resources Company Ltd(GNMRL) is a core investment company. The companyenjoys presence in the key sectors like hard coking coaland metallurgical coke. GNMRL has its indomitableppresence in the metallurgical coke industry in India byholding the controlling stake in Gujarat NRE Coke Ltd,the largest independent met coke manufacturer inIndia.

This inturn enables the company to hold controllingstake in Gujarat NRE Coking Coal Ltd (GNM), tthe ASX

listed company and the Australian coking coal arm ofthe Gujarat NRE group, the only Indian company to ownand operate hard coking coal mines in Australia.GNMRL tthhuus has tthe pottenntial to rreap bennefit t of thelucrative met coke and coking coal markets, whose sup-ply is perennially short t of the rising demand.

> Met Coke is a direct raw material ofsteel. How is the steel industr y doin g inIndia and what are the future plans forGujarat NRE Coke Ltd?Steel consumption in India has been down for a greaterpart of this fiscal till date. The slowdown in consump-tion has been primarily due to a moderation in demandfrom automobile and house hold appliances and lessthan expected demand from construction sector.

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