The No.1 place was taken up by Tata Family Trusts followed up by Mukesh Ambani and Family.

This list also has TWO Belgaumites – Vidya & Narendra Mukumbi Family of Shree Renuka Sugars and Kiran Kulkarni family of Geodesic.

Vidya & Narendra Mukumbi Family of Shree Renuka Sugars stand at 110^th rank(2009 – 81) with a promoter worth of Rs.1813.90 crores.

Kiran Kulkarni family of Geodesic stand at 514^th place (2009 – 396) with a promoter worth of Rs. 103.01 Crores.  Chandamama was recently acquired by Geodesic Limited.

You can find exclusive showrooms of Killer,Pepe,Levis, United colors of Benneton, Reebok, Puma, Mega Mart, Wrangler, Frisson,Peter England. John Players is also opening shop soon.

Earlier the branded showrooms (especially textiles) were situated in main business market like Ramdev Galli, Khade Bazar areas.

Ambedkar road a new shopping areaBelgaum city has grown(and is growing) and in the recent past business activity has spread to many suburban areas as well.The best example of this growth is the JNMC and Nehru Nagar. To add to this growth in the past one year Dr.Ambedkar Road(civil Hospital road) has seen some up springing of high end branded garment outlets on the entire stretch of the road and is seeing some great growth in commercial development.You can find exclusive showrooms of Killer,Pepe,Levis, United colors of Benneton, Reebok, Puma, Mega Mart. John Players is also opening shop soon. We also have F square which recently opened on the same road. The entire stretch upto Krishnadevraya circle(Kolhapur cross) is seeing a faceoff with these branded showrooms. Earlier the branded showrooms (especially textiles) were situated in main business market like Ramdev Galli, Khade Bazar areas. But with growth and people having more money to spend these high end branded outlets have opened shops in a area once considered not good for business with a Civil hospital on one side.But things have changed the BIMS is on the same road which has given the road a new look and feel altogether. CCD was opened here first and people said who will buy a Rs.40 coffee, but it is doing good for years now. If we further go up towards JNMC the entire stretch, one can see MORE, Reliance fresh, Rose boy, Adishwars and so many hotels. The Phoneix school from here has been shifted and sources say the the place would be a big mall in the days to come.
The Estimated Demand for Retail Space @ 2 sq. ft. per Person is about 1,209,526. There is an estimated 350,000 sq.Feet of retial commercial space currently but with the current growth of population the Effective Demand for Retail Space (in sq. ft.) would be a whopping 859,526 sq.Feet.(All these were estimated in 2008)A Bangalore based company in its estimated the indicative rentals on Ambedkar Road to be around Rs. 40 to 60 per sq.feet. Areas like Tilakwadi, Ambedkar road and especially high branded showrooms have opened in outskirts as the consumers of these brands will want to have parking for their 4 wheelers which is now a big headache in the main city. So people prefer these places.

Reliance Footprint is the destination for footwear for the entire family for every conceivable occasion. Since the format is positioning itself as a ‘destination for footwear’, the company is looking at providing products for special needs such as for diabetic patients, who require soft soles, he said.

Reliance Footprint is also launching an in-house brand ‘Tender Sole’, which will be available in stores soon.

Reliance Footprint offers a wide variety of footwear and other consumer commodities including handbags and accessories together with a line-up of international brands from America and Europe. Reliance Footprint offers a troupe of various categories like casuals, formals, casual sports, comfort wear, kids wear and home wear. Reliance Footprint also engages in selling private labels and is also coming up with specially crafted footwear for people with foot deformities. Reliance Footprint is aiming at a share of about 10-12 percent in the entire footwear industry in a time span of a few years.

The Hindu on same day, published this “While the Mahindra and Mahindra had agreed to set up their unit at Belgaum”

Mahindra and Mahindra company has the largest OEM from tractor engines to allied auto castings based in Belgaum. These components supplied by manufactures based in Belgaum and are direct standards of Mahindra QC standards, so Belgaum is a much obvious choice of Mahindra’s. Government of Karnataka should take interest in brining big names of foundry industries in proposed 500 acre foundry park near Machhe for international supplies, and give a support to local foundry industries to have joint venture for future entrepreneur developments in Belgaum , or else what is the use of establishing foundry cluster and including Belgaum for development of Automobile industry belt in Suvarna Karnataka industrial Policy.

From the news coverage it seems that the minister is not happy with the Mahindra unit being established in Belgaum and he is busy telling that even Mahindra is coming to Dharwad.
With inputs from Satish Kumar.

The bank was granted licence by Reserve Bank of India on December 23, 1986 to commence banking business. The statutory inspection conducted by Reserve Bank with reference to its financial position as on March 31, 2005 revealed several disquieting features in the functioning of the bank. The bank was classified as Grade IV and was placed under operational instructions banning accepting of fresh deposits and premature withdrawal of term deposits, etc. The next inspection conducted with reference to position as on March 31, 2006 revealed that the financial position continued to deteriorate and the operational instruction issued were continued.

Consequent on cancellation of its licence, Belgaum Catholic Co-operative Bank Ltd., Belgaum, (Karnataka) is prohibited from carrying on ‘banking business’ as defined in Section 5(b) of the Banking Regulation Act, 1949(AACS) including acceptance and repayment of deposits.

QuEST Global’s Selection as Airbus Preferred Supplier for Manufacturing Capabilities, ability to Offer Offset Fulfillment and Risk Sharing Partnerships, positions QuEST Global Uniquely Amongst Indian Aerospace Players.

The global aerospace engineering & manufacturing major, QuEST Global announced today that it has become the first Indian private sector player to manufacture parts directly to Airbus under the long term agreement.

This distinction comes after a stringent selection process by distinguished Airbus and EADS sourcing and manufacturing organizations. This is a first step into manufacturing relationship with Airbus on existing program with a view to expand engagement to many other sourcing opportunities to leverage QuEST Global’s capabilities.

QuEST Global has been recognized as a quality supplier to the aerospace industry through the AS 9100 certification received for both engineering services and manufacturing practices. QuEST Global has set up an integrated manufacturing facility ranging from Machining, sheet metal processing, assembly and special processing (thro joint venture with Magellan Aerospace). The facility is approved by Airbus apart from other certifications like NADCAP.

QuEST Global becomes the only private sector company in India to sign Engineering Services and Manufacturing agreements. Under these agreements, QuEST Global will support various current programs in Manufacturing as well as current and upcoming programs in Design. QuEST Global has also set up an aerospace supply chain eco-system in its Special Economic Zone (SEZ) which is spread over 262 acres in Belgaum, North Karnataka, India. This will be highly beneficial to Airbus from a point of view of being able to source fully finished aerospace components and sub assemblies from India apart from delivering offset obligations.

“This win highlights the strength and strategic importance of QuEST Global’s manufacturing and SEZ capabilities. We are honored by the confidence that Airbus has shown in QuEST Global and we are eager and well prepared to take on this engagement. QuEST Global’s Engineering along with Manufacturing from our Belgaum SEZ will provide the ideal ‘end to end solution’ to Airbus.” said Aravind Melligeri, Chairman & Co-founder, QuEST Global.

The event was organized by MTS Germany on 10th and 11th of June 2010 in Germany. Delegates from more than 20 countries around the World visited the event.

Mr. Deepak and Jyoti Dhadoti represented from Servocontrols India.

Mr. Vittorio Franchini, Sales Director MTS Sensor Technologies GmbH & Co. KG handed over the trophy along with a voucher to travel with family anywhere in world to Mr. Deepak Dhadoti.

About Servocontrols:

Servocontrols, a Belgaum based company is in the inimitable position to offer the position sensors these position sensors are successfully used by various hydraulic companies across the world. They also manufacture hydraulic actuators with inbuilt position sensors used in civil aircrafts. They also supply level sensors for petrochemical, pharmaceuticals, biomedical, specialty chemical along with respective controllers & software Simulators for aircraft flying.

About MTS Sensors(a Division of MTS Systems): delivers leading-edge position and liquid-level sensors, and is the world’s leading supplier of magnetostrictive-based sensor products. The Sensor’s Division was created by MTS Systems when it acquired Temposonics, Inc. in 1984. Temposonics remains the key technology brand for MTS Sensors and reflects an ongoing commitment to high-precision position and liquid level measurement technology development.

Belgaum is being a backbone to auto ancillary units of Central and south India, but little has the government done so far on its development in this field known for body building of trucks and buses, earlier government though established Auto nagar, but lack of integrated facility and proper infrastructure the project failed miserably.

TELCO was smartly moved by Mr Sr Bommi regime to Dharwad, none of our Belgaum politicians could raise up on this issue ever and I believe they will keep falling too low till Belgaum looses on most of the front, the recent issues was of hero Honda plant which I wrote to CM and asked after TELCO; is Belgaum liable to lose more such industries, and even wrote to Pavan Minjal CMD Hero Motors.

The GOVERNMENT OF KARNATAKA Commerce & Industries Dept. in its email has replied that and I quote ” Commerce & Industries Dept. has come out with a New Industrial Policy 2009-14 with an emphasis on promotion of industries in backward areas of Karnataka. Normally, Department of Industries & Commerce suggests suitable locations to the investor for the venture. However, the selection of final location is the prerogative of the investor.

Belgaum, Dharwad and Haveri were the suggested locations to Hero Honda. However, Hero Honda has not yet finalized the location.”

What is that the politicians of Karnataka in rest of the state have such mealy attitude towards “on” Belgaum and what is the point in beating drums by Mr Nirani on Hero Honda plant at Hubli.

I believe be it Hon CM or Mr Nirani let Hero Honda decide on shown place of interest, well no talks have ever taken place on Mahindra and Mahindra plant in Belgaum, I believe we Belguimtes need have to live with this fake calls and false promises.

Let there be fair competition and I bet “on” Belgaum wouldn’t then ever fall out.

Read the earlier post on same topic.

Karnataka makes a pitch for Hero Honda plant at Hubli Dharwad Is Belgaum in Maharashtra

MoU between state government and factory management will be made on Thursday, during the Global Investors Meet.

The total cost of the project is Rs 1,500 crore, which will provide direct employment to nearly 3,000 people and help around 50,000 families directly and indirectly will commence operations by 2013. 315 acres land for the project at Bellad Bagewadi and the land acquisition process was under progress.

In the recent past Gold has become dearer thanks to the Marriage season.