Tuesday, March 29, 2011

BWI: IDBI Federal Targets HNIs with Wealthsurance Premier

Press release from Business Wire India
Source: IDBI Federal Life Insurance Co Ltd
Tuesday, March 29, 2011 09:45 AM IST (04:15 AM GMT)
Editors: General: Consumer interest, Economy, People; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Information technology, Retailers; Technology
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IDBI Federal Targets HNIs with Wealthsurance Premier
- Amongst the lowest charges and hence, best-in-class returns - Hassle free, single premium ULIP with a powerful range of investment and protection options

Mumbai, Maharashtra, India, Tuesday, March 29, 2011 -- (Business Wire India) -- Seeking to target high net worth customers, private insurer IDBI Federal Life insurance Company Limited announced the launch of their wealth-building plan, IDBI Federal Wealthsurance Premier Insurance Plan.

The brand new product aims to be one of the best in the category as it is a hassle free, single premium ULIP, with a wide array of investment funds and protection benefits bundled in a low charge structure aimed to deliver one of the best-in-class returns in this category.

Announcing the launch of Wealthsurance Premier, Mr. G V Nageswara Rao, MD and CEO of IDBI Federal Life Insurance, said: "Wealth creation is a long-term process with prudent planning playing an important part. Wealthsurance® Premier is a great combination of a wealth and protection plan that assists the customers in wealth creation and management in the long term. At IDBI Federal, we take pride in our innovation. With Wealthsurance Premier, we have customized the product to suit the HNIs by making it a single premium plan that allows one to build wealth for the long term in tranches, with the flexibility of 13 varied investment fund options across the risk-return continuum for active wealth management.

What is even better, Wealthsurance® Premier can insure HNI's wealth plan against death, 13 accidental injuries, 17 major diseases, and serious illnesses requiring hospitalization or disablement which prevents engaging in an income-earning activity."


IDBI Federal Wealthsurance® Premier Insurance Plan is a single premium ULIP designed keeping in mind specific requirements of the HNI class. With a minimum investment option of Rs 5 lakh and top-ups at Rs 10,000, the plan has low and level charges. There is no policy administration and allocation charges for premiums above Rs 25 lakh. The minimum policy term is for 5 years and maximum of 75 years less the age of entry.

To illustrate, at a gross rate of 10% return, due to one of the lowest charges Wealthsurance Premier can deliver 8.53% IRR (without considering mortality charges and service tax) and an IRR of 7.83% (after considering mortality charges and service tax for a Rs 1.25 crore insurance cover) for a Rs 25 lakh premium for a term of 15 years.

Being a comprehensive wealth management solution, Wealthsurance® Premier offers a wide range of investment options like assured returns, variable returns linked to market performance or returns linked to equity market but with protection of capital. Also, tax benefits are availed on the contributions, returns and benefits under sections 80C and 10(10D). In effect, Wealthsurance® Premier is a tax-free wealth management account as money put into it grows without any tax. One can also look at this product for gifting a life time of savings to children or grand children.

Having started in March 2008, IDBI Federal is one of the fastest growing new insurance companies with over 275,534 policies issued and a Sum Assured of Rs 14,924 Crore. It has launched several innovative plans like Wealthsurance®, Retiresurance®, Homesurance®, BondsuranceT, Microsurance®, Termsurance®, IncomesuranceT and Healthsurance®

About IDBI Federal Life Insurance

IDBI Federal Life Insurance Co Ltd is a joint-venture of IDBI Bank, India's premier development and commercial bank, Federal Bank, one of India's leading private sector banks and Ageas, a multinational insurance giant based out of Europe. In this venture, IDBI Bank owns 48% equity while Federal Bank and Ageas own 26% equity each. At IDBI Federal, we endeavor to deliver products that provide value and convenience to the customer. Through a continuous process of innovation in product and service delivery we intend to deliver world-class wealth management, protection and retirement solutions to Indian customers. Having started in March 2008, in just five months of inception we became one of the fastest growing new insurance companies to garner Rs 100 Cr in premiums. The company offers its services through a vast nationwide network across the branches of IDBI Bank and Federal Bank in addition to a sizeable network of advisors and partners. As on February 28th 2011, the company has issued over lakh 2.75 lakh policies with over Rs 14, 924 Cr in Sum Assured.
Do visit www.idbifederal.com to know more

About the sponsors of IDBI Federal Life Insurance Co Ltd

IDBI Bank Ltd. continues to be, since its inception, India's premier industrial development bank. Created in 1956 to support India's industrial backbone, IDBI Bank has since evolved into a powerhouse of industrial and retail finance. Today, it is amongst India's foremost commercial banks, with a wide range of innovative products and services, serving retail and corporate customers in all corners of the country from 802 branches and 1328 ATMs. The Bank offers its customers an extensive range of diversified services including project financing, term lending, working capital facilities, lease finance, venture capital, loan syndication, corporate advisory services and legal and technical advisory services to its corporate clients as well as mortgages and personal loans to its retail clients. As part of its development activities, IDBI Bank has been instrumental in sponsoring the development of key institutions involved in India's financial sector -National Stock Exchange of India Limited (NSE) and National Securities Depository Ltd, SHCIL (Stock Holding Corporation of India Ltd), CARE (Credit Analysis and Research Ltd).
Please visit www.idbibank.com to know more.

Federal Bank is one of India's leading private sector banks, with a dominant presence in the state of Kerala. It has a strong network of over 739 branches and 797 ATMs spread across India. The bank provides over four million retail customers with a wide variety of financial products. Federal Bank is one of the first large Indian banks to have an entirely automated and interconnected branch network. In addition to interconnected branches and ATMs, the Bank has a wide range of services like Internet Banking, Mobile Banking, Tele Banking, Any Where Banking, debit cards, online bill payment and call centre facilities to offer round the clock banking convenience to its customers. The Bank has been a pioneer in providing innovative technological solutions to its customers and the Bank has won several awards and recommendations.
Please visit www.federalbank.co.in to know more.

Ageas is an international insurance company with a heritage spanning more than 180 years. Ranked among the top 20 insurance companies in Europe, Ageas has chosen to concentrate its business activities in Europe and Asia, which together make up the largest share of the global insurance market. They are grouped around four segments: Belgium, United Kingdom, Continental Europe and Asia. It is an undisputed leader in the Belgian market for individual life and employee benefits, as well as a leading non-life player, through AG Insurance. Internationally Ageas has a strong presence in the UK, where it is the second largest player in private car insurance. The company also has subsidiaries in France, Germany and Hong Kong. Ageas has a track record in developing partnerships with strong financial institutions and key distributors in different markets around the world and successfully operates partnerships in Luxembourg, Italy, Portugal, China, Malaysia, India and Thailand. Ageas employs more than 13,000 people and has annual inflows of almost EUR 18 billion.
Please visit www.ageas.com to know more.



CONTACT DETAILS
Anilkumar Yadav, Concept PR, +91 9869632008, anil@conceptpr.com
Ashwini Churi, Concept PR, +91 09892218557, ashwini@conceptpr.com

KEYWORDS
CONSUMER, ECONOMY, PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, Financial Analyst, IT, RETAIL, TECHNOLOGY

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Monday, March 28, 2011

BWI: Fujitsu Product Portfolio now Available under DGS&D RC

Press release from Business Wire India
Source: Fujitsu India Pvt. Ltd.
Monday, March 28, 2011 05:41 PM IST (12:11 PM GMT)
Editors: General: Consumer interest, Entertainment; Business: Media & entertainment; Technology
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Fujitsu Product Portfolio now Available under DGS&D RC


New Delhi, Delhi, India, Monday, March 28, 2011 -- (Business Wire India) -- Fujitsu products are now available under DGS&D RC (Directorate General of Supply & Disposal, Rate Contract). The products that are available under DGS&D RC include select models from Fujitsu LIFEBOOK Notebook series, Fujitsu CELSIUS Workstations and Fujitsu ETERNUS Storage Solutions.

"We are happy to bring to your attention the availability of world class Fujitsu products under DGS&D RC. Through this initiative, we also intend to reinforce our commitment to offer the best-in-class devices at an unbeatable price-point," said Ramprasad Lakshminarayanan, General Manager-Channel Sales, Fujitsu India.

Fujitsu LIFEBOOK under DGS&D RC

Fujitsu LIFEBOOK, which is now available under DGS&D Rate Contract, is a premier notebook brand with a 20-year heritage. LIFEBOOK reflects Fujitsu's core values of innovation, reliability, green and human-centric design. Building on more than two decades of Fujitsu's notebook firsts, the refreshed LIFEBOOK portfolio is made up of a range of models - offering a LIFEBOOK for every imaginable mobile computing need.

The notebooks that are available under DGS&D RC include:

LIFEBOOK LH530 for Rs 39,000
-- Intel® CoreTM i3-350M processor 2.26GHz 3MB
-- Genuine Windows® 7 Professional

LIFEBOOK LH530 for Rs 45,760
-- Intel® CoreTM i5-520M processor 2.4GHz 3MB
-- Genuine Windows® 7 Professional

LIFEBOOK AH530-HD for Rs 61,860
-- Intel® CoreTM i7-620M processor 2.66GHz 4MB
-- Genuine Windows® 7 Professional

All three products are covered under three year onsite warranty.

Fujitsu CELSIUS under DGS&D RC

In addition, Fujitsu has also made its CELSIUS Workstations, the world's leading choice of workstations, available under DGS&D RC. Certified by leading Software Vendors (ISVs) for CAD/CAM, DCC and GIS application software and tested by leading software developers, these workstations bring the best of German Engineering. Combining lightning speed graphics with whisper quiet operations, Fujitsu CELSIUS workstations are easy to use and have optimized configurations for stability and performance. These power-packed features are now available under DGS&D RC.

The products that are available under DGS&D RC are

CELSIUS H700 at Rs 98,184
-- Intel® CoreT i5-520M processor 2.4GHz 3MB)
-- Genuine Windows® 7 Professional

CELSIUS R570-2 (with 2 graphics card of 2GB each) at Rs 2,75,000
-- Intel® Xeon® processor X5660 (2.8GHz, 12MB Turbo Boost)
-- Genuine Windows® 7 Professional

CELSIUS R570-2 (with 1GB graphics card) at Rs 1,80,000
-- Intel® Xeon® processor E5630 (2.53GHz, 12MB Turbo Boost)
-- Genuine Windows® 7 Professional

CELSIUS M470-2 at Rs 1,27,000
-- Intel® Xeon® processor W3565 (3.2GHz, 8MB Turbo Boost)
-- Genuine Windows® 7 Professional

In addition, there is a special discount of 5% for eligible customers covered under Notification number 51/96 and 10% for organizations under custom notification number 39/96.

Fujitsu ETERNUS under DGS&D RC

Fujitsu India has also made its highly reliable and secure storage systems products available under DGS&D RC. Fujitsu ETERNUS DX80/DX90 entry level disk storage systems are a new generation of storage systems with enterprise class reliability. Especially designed for small and medium-sized businesses, these are highly reliable and secure Data Safes. Easy to install, configure, operate and maintain, these systems integrate well with host operating systems, servers, network infrastructures and backup solutions. Under DGS&D, the entry level disk storage system ETERNUS DX80/DX90 with 3TB usable capacity is available at a price point of Rs 8,68,000 and ETERNUS DX80/DX90 with 12TB usable capacity is available at Rs 8,34,000.The other product that is included in the DGS&D Rate Contract is the ETERNUS CS data protection appliance. It offers an outstanding data protection for dynamic infrastructures. ETERNUS CS can be configured suitably to minimize backup times and fulfills recovery time objectives for each business critical environment. It also enables the consolidation of storage devices for data protection thus simplifying an organization's administration, saving energy and lowering the total cost of storage, while making efficient use of the most cost-effective technologies. ETERNUS CS with 2 LAN ports is available at Rs 13,50,000 and with 4 LAN ports is available at Rs 24,41,172.

All product prices mentioned exclude taxes

About Fujitsu

Fujitsu is a leading provider of ICT-based business solutions for the global marketplace. With approximately 170,000 employees supporting customers in 70 countries, Fujitsu combines a worldwide corps of systems and services experts with highly reliable computing and communications products and advanced microelectronics to deliver added value to customers. Headquartered in Tokyo, Fujitsu Limited (TSE:6702) reported consolidated revenues of 4.6 trillion yen (US$50 billion) for the fiscal year ended March 31, 2010. For more information, please see: www.fujitsu.com

About Fujitsu Technology Solutions

Fujitsu Technology Solutions is the leading European IT infrastructure provider with a presence in all key markets in Europe, the Middle East and Africa, plus India, serving large-, medium- and small-sized companies as well as consumers. With its Dynamic Infrastructures approach, the company offers a full portfolio of IT products, solutions and services, ranging from clients to datacenter solutions, Managed Infrastructure and Infrastructure-as-a-Service. Fujitsu Technology Solutions employs more than 13,000 people and is part of the global Fujitsu Group. For more information, please see: ts.fujitsu.com/about us.

All other company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.



CONTACT DETAILS
Jayanthi Sethuraman, Fujitsu India Pvt. Ltd., + 91 984 532 5527, jayanthi.s@ts.fujitsu.com
Gaurav Patra, Value 360 Communications, +91 9810639290, gaurav@value360india.com

KEYWORDS
CONSUMER, ENTERTAINMENT, MEDIA, TECHNOLOGY

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BWI: Great Lakes Institute of Management, Chennai, Joins GMAC's Elite List of Member B-schools

Press release from Business Wire India
Source: Great Lakes Institute of Management
Monday, March 28, 2011 05:05 PM IST (11:35 AM GMT)
Editors: General: Consumer interest; Business: Business services, Education & training; Technology
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Great Lakes Institute of Management, Chennai, Joins GMAC's Elite List of Member B-schools


Chennai, Tamil Nadu, India, Monday, March 28, 2011 -- (Business Wire India) -- Great Lakes Institute of Management, Chennai, founded by Prof. Bala V. Balachandran is among the top B-schools in the country (Business India, October, 2010 survey; Careers 360, February, 2010 survey).

Great Lakes Institute of Chennai joins GMAC's elite list of member B-schools
In a major development the Graduate Management Admission Council (GMAC), the Apex body that conducts GMAT worldwide, has expanded its membership by including Great Lakes Institute of Management Chennai in its list.

The membership of the body is only by invitation and to select few top management Schools of the world, who have played a leadership role in Management Education. From India the only other Institutions that are the members are ISB, IIM Ahmedabad, IIM Bangalore and SPJIMR.

Commenting on this important development Prof. T.N.Swaminathan, Director External Relations , Great Lakes Chennai said, "We are honored that GMAC has invited us for the membership of the GMAC council. This recognition reflects the strides that the Institute has made in a short span of six years in Management Education in India and look forward to continuing to play a leading role in management education in India and the opportunity to move to a global level."

"The membership will also help us play an active part in the direction of GMAT and help assist in our international accreditation," added Prof. Swaminathan.

In his communication, GMAC President, Dr. David A. Wilson said " We hope that you will accept our invitation as all of us at GMAC are looking forward to a long and fruitful relationship with you at these challenging times for management education, and look forward to having the opportunity to exchange ideas and work more closely with you"

GMAC member schools are drawn from graduate business and management schools around the world. Although the number of schools who are members is relatively small, more than 1,800 schools are valued customers because they use the GMAT exam.

Some of the leading B-schools from across the globe which are members of GMAC are: ESADE Business School, IESE Business School, INSEAD, London Business School, Stanford University-Graduate School of Business, Yale University-School of Management and many others.


CONTACT DETAILS
Prof. T.N.Swaminathan, Director External Relations & Prof. Marketing, Great Lakes Institute of Management, +91 9840195454, tnswami@greatlakes.edu.in
Ms. Twinkle Xavier, Senior Account Manager, 20:20 MSL, +91 98844 80115, twinkle.xavier@2020msl.com

KEYWORDS
CONSUMER, BUSINESS SERVICES, EDUCATION, TECHNOLOGY

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BWI: Anil Kumble Closes Microsoft Tech.Ed 2011 on a High

Press release from Business Wire India
Source: Microsoft
Monday, March 28, 2011 04:52 PM IST (11:22 AM GMT)
Editors: General: Consumer interest, Entertainment, People, Sports; Business: Advertising, PR & marketing, Business services, Information technology, Media & entertainment, Retailers, Sports; Technology
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Anil Kumble Closes Microsoft Tech.Ed 2011 on a High
Over 3000 technology minds congregate onsite in Bangalore each day for the three day event. All time high of 141, 750 live online event attendees at Tech.Ed 2011

Bangalore, Karnataka, India, Monday, March 28, 2011 -- (Business Wire India) -- Fuelling the world cup fever further, Anil Kumble came as the surprise package at Microsoft's annual technology fair, Tech.Ed 2011. Adding to the tangible energy already pulsating at the Tech.Ed grounds, Kumble was here to deliver the closing key note session on Friday 25, March 2011, addressing a 10,000 people audience (on-ground and online). While sharing notes on "Staying Ahead of the Game", Kumble wasn't talking purely cricket but reached out an enthusiastic community of young Indian techies largely consisting of developers and IT Pros and software architects.

Addressing this enthusiastic audience, Kumble said "It takes more than individual talent and skills to succeed. Being able to understand and manage the environment one operates in is as important. Also, consistency of performance without taking eyes off the ball is required. Just because you have had some good games, you cannot get complacent and takes things for granted. There is a lot to learn from Microsoft which has consistently performed and keeps pushing the boundaries of technological innovation."

However, this year at Tech.Ed 2011, Anil Kumble wasn't the only one who kept the Tech.Ed audience enthralled. The event saw brilliant key note speakers from Microsoft leadership team sharing their insights on the latest tools and technologies that Microsoft has recently brought to the market.

. Opening keynote from Qi Lu - President of Microsoft's Online Services Division (OSD), who shared an inspiring vision on Microsoft's aim to "Re-organize the web to make task completion simpler". His session focused on "The power of search", with interesting allusions to this being a two horse race between Google and Microsoft.

. Fast is now beautiful: Brian Hall - General Manager of Internet Explorer and Windows Live unveiled Microsoft's latest browser Internet Explorer 9 for consumers in India.

. With over 90% of Microsoft's workforce, contributing to cloud based technologies Microsoft's commitment to the cloud was tangible. Yousef Khalidi, Distinguished Engineer in the Windows Azure team and Bharat Shyam, General Manager, Windows Azure Platform, Microsoft Corp. shared the strong momentum story that Azure platform is witnessing globally and in India. Microsoft's cloud power was further substantiated by innovative applications built by Microsoft partners showcased at the event.

. Moorthy Uppaluri, General Manager, Developer Division, Microsoft India gave Indian developers great tips to "Stay ahead of the Game". With Microsoft investing more than 10bn into the cloud ecosystem, the commitment to cloud was a tangible force at Tech.Ed. Moorthy substantiated, Microsoft's reputation for nurturing its partner ecosystem by sharing, that for every 1$ Microsoft makes, partners are making 10$. Microsoft also launched the Microsoft Virtual Academy (MVA)- www.microsoftvirtualacademy.com- in India. MVA is a free program for IT Pros with 100 and 200-level content with technical information on MS cloud solutions conveyed through real life cloud deployment scenarios. The academy will provide content tracks & progress tracking through a points system + badges

. Also, further strengthening their portfolio on the cloud, Microsoft announced the launch of a cloud based PC management and security suite Windows In-tune at the event.

. Also, the large developer audience present at Tech.Ed found an opportunity to share notes with Jason Zander - Corporate Vice President of the Visual Studio Team, who talked about the latest Microsoft developer tools and platforms.

"Given Microsoft's passion and continued commitment to the Developer community, the aim at this three days event was to empower and partner with Technology professionals by providing the very best tools and technologies, insights, knowledge and expertise on a wide range of platforms. I hope all technology enthusiasts have been able to make the most of this event" said Mr. Moorthy Uppaluri, General Manager, Developer Division, Microsoft India.

Tech.Ed India 2011 kept its promise to go beyond learning and create opportunities to connect with peers and influencers from across the industry. The event proved to be a great techno social platform that allowed the audience to engage and collaborate with Microsoft technology experts. 8 tracks and 120 sessions were available for participants to choose from to attend; taken by subject matter experts who guided attendees on choosing the right resources necessary to build state-of-the-art software solutions.

Key highlights of the event this year included:

. A great online audience: 4 live streaming partners (Microsoft Tech.Ed, MSN, Facebook, IndiaTimes); 321 live event screening centres across India; 1,41,750 live online event attendees.
. The Demo Extravaganza that showcased some of the coolest and most innovative technologies, both current and upcoming was a run-away success.
. Interviews with Microsoft executives via live streaming to over 300 academic campuses and Microsoft learning centers
. A Women-in-Technology Event,, with a keynote address by an industry influencer
CXO Conclave: An exclusive invite-only event designed to help Business Leaders learn how you can partner with Microsoft to grow your organizations to become giants by leveraging the latest technology.
. Global ISV Conclave: An exclusive invite-only event for executives from Global ISV tailored to provide with the details of Microsoft's platform roadmap and technology trends pertinent to Global ISV's business.
. Hands-on-Labs: 2 Hands-on-Lab Tracks, one for Developers and the other for Infrastructure professionals
. Certification: Free Microsoft Certification for all onsite attendees
. Microsoft Showcase Zone: A fun and innovative area where attendees can expérience the latest and coolest Microsoft products like Xbox Kinect, Surface, Robotics, Cloud Zone,IE 9, and many more..

About Microsoft India

Founded in 1975, Microsoft (NASDAQ "MSFT") is the worldwide leader in software for personal and business computing. The company offers a wide range of products and services designed to empower people through great software - any time, any place and on any device. Microsoft Corporation (India) Private Ltd is a subsidiary ohf Microsoft Corporation, USA. It has had a presence in India since 1990 and currently has offices in 13 cities - Ahmedabad, Bangalore, Chandigarh, Chennai, Coimbatore, Hyderabad, Indore, Jaipur, Kochi, Kolkata, Mumbai, New Delhi and Pune.

For more information on Microsoft:
Log onto: http://www.microsoft.com/en/in/default.aspx
Or Follow us on: http://twitter.com/MicrosoftIndia



CONTACT DETAILS
Tushar Makkar, Microsoft India, +91 (124) 4158000, tmakkar@microsoft.com
Shipra Singh, Text100, +91 9711466154, shipra.singh@text100.co.in

KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, SPORTS, MARKETING, BUSINESS SERVICES, IT, MEDIA, RETAIL, TECHNOLOGY

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BWI: Mawana Sugars Limited Forays into Mumbai Market

Press release from Business Wire India
Source: Mawana Sugars Limited
Monday, March 28, 2011 04:02 PM IST (10:32 AM GMT)
Editors: General: Consumer interest, Food & drink, People; Business: Business services, Chemicals, Commodities & materials
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Mawana Sugars Limited Forays into Mumbai Market
Launches World's Finest Specialty Sugars Under the Brand- Mawana Select

Mumbai, Maharashtra, India, Monday, March 28, 2011 -- (Business Wire India) -- Increasing its footprints across the country, Mawana Sugars Limited, one of the largest sugar manufacturers in India, today announced its foray into the high-growth market of Mumbai and also strengthening of its product portfolio with the launch of first-of-its-kind and world's finest specialty sugars under its Brand- Mawana Select. The announcement and unveiling of new products was made at a press conference held at Hotel Trident.

After establishing a strong foothold in the Northern region, the company has charted out aggressive expansion plans to cater to the growing demand for its products in rest of the country and foray into Mumbai market is move in that direction. Introducing "Mawana Select" a range of specialty sugars for the first time in India, the company unveiled six different varieties of fine sugars.

SUPER WHITE SUGAR is the whitest packed sugar, which is free from all kinds of impurities, pesticides, chemicals & artificial sweeteners. Ideal for sweets and beverages. CASTER SUGAR, dissolves easily and blends in more air than other sugars resulting in extra-light cakes & pastries. Mawana Select's ICING SUGAR is a super fine powdered, lump free sugar which is perfect for preparing rich and smooth icings for cakes and pastries and for the decoration of cakes and desserts. Some brown sugars are just coated on the outside but Mawana's DEMERARA SUGAR retains its natural color offering rich irresistible aroma, crunchy texture & golden color that complements the flavor of coffee & brown bakery. Whiter than most sugars available today, Mawana Select's WHITE SUGAR CUBES have a light perfumed taste and dissolves quickly making them perfect for a delicate cup of tea. Mawana Select's DEMERARA SUGAR CUBES retain the natural molasses of sugarcane and are rich in color with caramel notes and a delicate aroma best suited for coffee. The products will be priced between Rs. 88 to Rs. 170 per Kilogram.

Commenting on the occasion, Mr. Sunil Kakria, Managing Director, Mawana Sugars Ltd. said, "Mawana Sugars is aggressively looking at making deeper inroads in newer markets and expanding presence in strategically important markets like Mumbai and the rest of the country. Mumbai is an extremely important market for Mawana Sugars Ltd and we are extremely bullish on acquiring a sizeable chunk and increasing our sales contribution in the region by offering our consumers with premium quality products."

"Our products have seen significant growth over the last few years and we are confident that our premium grade of sugars will be received among consumers and significantly boost our business nationally", he added.

Also speaking on the occasion, Mr. Surjya Meher, VP, Retail said that Mawana is targeting the evolving taste palette of the Indian consumer and are launching the specialty sugar that will help them taste the experience of Gourmet food at home.

Mawana Sugars is also launching one of the most premium sugars in the world next month. Elaborating the spokesperson said the exclusive range of sugars would be launched under "Mawana Gourmet" brand. Priced between Rs.500 to Rs.700/- per kg in India, this brand signals Mawana's entry as an international brand from India and complete with the best in the world. This will be a connoisseur's delight.

Pioneering the manufacture of branded retail sugar with its 'MAWANA' brand of sugar in India in 1994, Mawana Sugars Limited today has emerged as the largest selling retail sugar brand in India, commanding a premium position in a competitive marketplace. In the years to come, Mawana aims to add vital dimensions to future markets to strengthen their establishment in a globalised platform.

About Mawana Sugars Limited

Mawana Sugars Limited is one of the largest sugar manufacturers in India and a leading business group with diversified interests in sugar, edible, oils and industrial chemicals. The Company is a preferred supplier to brand-enhancing institutional giants such as Nestle, Coca Cola, Pepsi, Joyco, Perfetti, Hamdard and Dabur. Mawana Sugars Limited has three manufacturing units with a total of 29,500 TCD. The units are located in sugarcane-rich areas of Uttar Pradesh with a cogeneration of power of 47MV for sale, ethanol production of 120 KL per day. The Company has laid out robust investment plan of Rs. 650 crore for expansion of these facilities.


CONTACT DETAILS
Mr. T. Anand Mahesh, Mavcomm Consulting Pvt. Ltd., +91 9870716285, anand@mavcommgroup.com
Mr. Subrat Sarang, Mavcomm Consulting Pvt. Ltd., +91 9320897535, subrat@mavcommgroup.com

KEYWORDS
CONSUMER, FOOD, PEOPLE, BUSINESS SERVICES, CHEMICALS, COMMODITIES

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