Page 44 - IACC Newsletter March 2013 Issue no. 9

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Coca-Cola to set up Rs 600 crore plant near Dehradun
Uttarakhand government on Wednesday oversaw the signing of a Memorandum of Understanding between State
Industrial and Infrastructure Development Corporation of Uttarakhand Ltd (SIDCUL) and Hindustan Coca-Cola Beverages
Pvt Ltd (HCCBPL).
The MOU was signed to set up Rs 600 crore manufacturing plant in Dehradun's Vikas Nagar Tehsil. The manufacturing
plant will be spread over 60 acres producing non-alcoholic carbonated beverages, juices, fruit-based drinks and packages
of drinking water.
The MOU was signed between SIDCUL's managing director Rakesh Sharma and HCCBPL's executive director Shukla
Wasan.
Chief Minister Bahuguna was present at the event and said that the government has already allotted land for setting up
the manufacturing plant. HCCBPL will invest Rs 6000 crore to establish the plant in two phases, he added.
Bahuguna further added that this deal will attract more business houses and mega companies to invest in state. He said
that the government launched SIDCUL- phase 2 to attract investment for development of Uttarakhand and that several
there is considerable interest in the state as the crime rate is low. "We hope to attract more investment in state in the
days to come," he said.
HCCBPL vice-president Patrick George handed over a check of Rs 1.60 crore as earnest money and processing charges to
Bahuguna.
Mobile video streaming firm Apalya raises funds from Cisco, existing investors
In 2011, the Hyderabad-based firm raised $7.5 million from IndoUS Venture Partners, IDG and Qualcomm in a Series B round.
Apalya Technologies Pvt Ltd, a Hyderabad-based mobile video streaming company, has raised an undisclosed amount
from Cisco Technologies and existing investors IndoUS Venture Partners, Qualcomm and IDG Ventures.
Started in 2005 by Vamshi Reddy, a former Cisco executive, Apalya is a managed service provider focused on mobile
video streaming and caters to telecom operators, handset manufacturers and content owners throughout India, Sri
Lanka and Indonesia. Earlier in 2011, it had raised $7.5 million from Indo-US Venture Partners, IDG and Qualcomm in a
Series B round.
Cisco’s funding also enables the company to add live TV and mobile video capabilities to its Cisco Videoscape
architecture by integrating Apalya’s video delivery platform. Apalya claims to have a customer base of 15 million-plus
and more than 200 million minutes of video viewings across mobile and broadband infrastructure including mobile
phones & tablets, mobile broadband and fixed line broadband.
“Video is a key priority for Cisco and we have been investing in innovative technologies to enhance the delivery of
quality video content across platforms. We are excited to work with Apalya to drive innovation in the intersection of
mobility and TV video delivery,” said Vish Iyer, Cisco’s director (SP video architecture) for Asia-Pacific, Japan and Greater
China.
Noida project: Supertech ropes in Mickey Mouse
North India-based real estate developer Supertech has partnered Disney for offering branded residences in its Fable
Castle project in Golf Country at Yamuna Expressway, Greater Noida. This is the second such project for Supertech. It
had earlier partnered Italian fashion brand Armani for its Supernova project in Noida. Customers will be able to choose
from their favourite Disney stories, or their favourite Disney characters, and design their rooms and spaces accordingly,
Supertech Chairman and Managing Director R K Arora said.