Madurai Software Companies: IT Exports turning to Dubai, UK/Europe from USA

Considering the slowdown in USA, weakening of the dollar in US, IT demand is getting temporarily slowed down.

IT product exports from India is changing its focus to Dubai, UK, including other countries in Europe. Exports of Indian IT products to the Middle East are expected to cross the $1.30-billion mark this year - an increase of 30 percent compared to $1 billion in 2007.

This is a way to go for a GLOBALIZED MARKET and GLOBALIZED ECONOMY in Madurai, Tamil Nadu, India.

Be aware of this fact - for the software companies in Madurai, if you are starting a business in Madurai and be benefitted/profitted.

Difference between satisfied customers and loyal customers: Madurai Business Execution Tips

How can you differentiate between your satisfied customers and your loyal customers? Here are eight ways. They are equally relevant to your external customers as they are to your internal employee customers.

1.Pricing. You negotiate prices with satisfied customers. You negotiate costs with loyal customers.

2.Payment. Satisfied customer pay at their discretion. Loyal customers pay on time.

3.Referrals. Satisfied customers become referrals of your competitors. Loyal customers willingly provide referrals to you.

4.Turnover. Generally, you will experience turnover rates of 15% or higher of satisfied customers. The turnover rate of loyal customers will be less than 5% and will be for reasons out of your control.

5.Competitive data. Your satisfied customers are seeking competitive data. Your loyal customers are sharing competitive data.

6.Perception. Satisfied customers perceive you as a commodity provider. Loyal customers perceive you as a partner.

7.Contract. You will need a contract to keep many satisfied customers in place. You have a virtual lifetime contract with your loyal customers.

8.Difficult times. Satisfied customers will leave you. Loyal customers will stay by your side.

Madurai ideal for BPO business/company: Madurai advantage as a tier-II city

According to a recent study conducted by consultancy firm Everest Group, the increased real estate prices and a talent crunch in metros are forcing the $11 billion Indian BPO industry to move to tier II cities in the country.

"It is difficult to maintain the growth in tier I cities because of the rising real estate prices and talent crunch. There is no option but to move to tier II cities," Everest Group's Country Head (India) Gaurav Gupta said.

Currently, BPO industry is concentrated in seven cities namely Bangalore, NCR, Mumbai, Pune, Chennai, Hyderabad and Kolkata.

"Movement to lower-cost cities within India is likely to result in additional 15 to 30 percent reduction in operating cost despite lower employability and higher management costs," head of Global Services at Everest Research Institute Nikhil Rajpal said.

Everest Group is a global consulting firm specializing in sourcing and offshoring advisory services. The study ranks several tier II and tier III cities on their potential to become the next BPO hubs for various domains in the future.

For finance and accounting services, Ahmedabad, Nagpur, Jaipur, Indore and Nashik/Nasik emerge as ideal cities to host BPO firms.

Similarly, Nagpur, Vishakhapatnam, Ahmedabad, Mundra, Coimbatore and Madurai are ideal locations to have BPO operations in logistics domain.

Sourcing from SI

Axis Bank opens a new branch in Madurai

The private sector Axis Bank opened its branch at Ilanji at Meenakshi Nagar on the Coutralam-Madurai road on Wednesday.

The Axis Bank had 655 branches, 20 extension counters and 2,778 ATMS across the country besides presence in Singapore, Hong Kong, Shanghai and Dubai. It was also planning to expand further its international presence, he said.

The market capitalization of the bank as on April 15, 2008 was Rs.23,370 crore, he added.

Madurai Spinners Associaion say NO to Cotton waste export

The Madurai Spinners Association has called for halting export of cotton waste as it had an adverse impact on the industry resulting in closure of units.

After changes in the technology, cotton wastes gained value-addition. Many subsidiary units with two and three open spinning frames with investment in the order of Rs. 1 crore in small scale industry emerged employing a large work force.

He said that at present, owing to a scarcity of short staple fibres, open end spinners across the country were behind cotton waste generated in spinning mills.

Read more

Madurai BPO: Sundaram Business Services - SBS, Madurai

Sundaram Finance BPO arm to foray into Tier 2 city in Tamil Nadu SBS to open new BPO facility in Madurai Plans to hire 500 employees in Madurai in 12 months

Chennai headquartered SBS (Sundaram Business Services), the BPO arm of leading financial services company, Sundaram Finance, has announced its first expansion into a Tier 2 city with the setting up of a BPO facility in Madurai.

SBS’s new 12000 sq. ft BPO delivery facility will come up in the heart of Madurai city and will become operational by the middle of next month. As part of this expansion into Madurai, SBS plans to hire over 500 employees for its Madurai facility over the next 12 months.

On the reason for choosing Madurai for its latest BPO facility, P.S Raghavan said, “ Madurai’s infrastructure is impressive for a city of its size. The city has a robust public transportation system, and a well-developed intra and inter-state bus and railway systems. With well established and renowned educational institutions, the city offers quality talent pool for us to tap into as we expand our BPO presence.”

Sundaram Infotech Solutions & Sundaram Business Services have an expanding global presence with offices at UK, USA, Australia, Singapore, Middle East, in addition to offices at 4 centres in India.

Read more

What is the plan to put up, if an NRI wants to go back to Madurai, India?

You are an NRI or NRM? You always think about your home town, your home country. You are home sick. You are sick of your host country, where you have migrated? You think you will be better off, if you go back to Madurai(your home town or your home country). and do your own business.

If you are an NRI/NRM and wants to go back to Madurai, here is the plan I would suggest:

1) Have an AIM/GOAL written down in a single page. Let it be very short and sweet. Discuss your aim and/or goal with your spouse and children(if more than 10 years old).

2) Have a written personal and business plan, specifying your short-term, medium-term and long-term aims and plans on executing them.

3) Have a risk management plan. that is plan-B. What if, it did not work. Have Plan-C. What if, your plan-a and plan-b did not work!?

4) Build immovable assets, before you return back. For example, buy land or house in Madurai.

5) Have money generating assets in Madurai. For example, you should not be doing much work, but you should be getting some money for running the family. Say - a rent from a house you have rented to somebody else. Say - a rent from a commercial complex in Madurai.

6) Have a huge emergency fund. Deposit it somewhere, so that you either get a monthly income out of it and make sure it is liquid OR it can be a long-term growth deposit.

7) Have a retirement plan and fund it periodically. Have an insurance plan. If anything happens to you, what happens to your family. Be prepared for htat.

8) Have good amount of initial investment money for your business you are starting.

9) Be sure you are hardworking, consistent with your goals. Update your goals and plans as you proceed.

10) Be passionate with what you are doing and what you have planned to do. If you are passionate and if you love what you do, no one can stop you from your SUCCESS.

Nearest international airport to Madurai currently: Situation would change with Madurai International Airport

Madras International Airport (Airport Code: MAA) is situated at Tirisulam, 7 Km south of Chennai. It has two terminals, Kamaraj Terminal, handles domestic flights connecting 20 destinations across the country with Chennai.

The International Terminal, named Anna Terminal, connects major destinations like London, Frankfurt, Dubai, Muscat, Bahrain, Dhahran, Jeddah, Singapore, Kuala Lampur and Sri Lanka.

Besides AIR INDIA and INDIAN AIRLINES several International carriers viz. BRITISH AIRWAYS, LUFTHANSA, SINGAPORE AIRLINES, MALAYSIAN AIRLINES, AIR LANKA, OMAN AIR, GULF AIR and SAUDIA AIRLINES are operating flights to and from Chennai.

This is the existing situation, but situation would change with an international airport in Madurai itself. Waiting for that day to come...- Madurai Machan!

Nearest sea port to Madurai for all the international export and import businesses

The major harbour of Tuticorin is well known as a pearl diving and fishing centre. Tuticorin, one of the oldest sea ports in the world, was the seaport of the Pandyan kingdom after Korkai and later was taken over by the Portuguese in 1548, captured by the Dutch in 1658, and ceded to the British in 1825. (Courtesy - The Columbia Encyclopedia, Sixth Edition, 2001) (Courtesy - Wikipedia). The lighthouse built in 1842 marked the beginning of the history of Thoothukudi harbour development.

On 11th July 1974, the newly-constructed Thoothukudi port was declared to be the tenth major port in India, second-largest port in Tamil Nadu and third-largest container terminal in India after JN Port (Mumbai) and Chennai. Thoothukudi is an artificial port. This is the third international port in Tamil Nadu and its second all-weather port. Due to its strategic location in the southern peninsula and assured round-the-clock operations, the port has been the nerve centre of economic activity in south Tamil Nadu. The Sethusamudram Shipping Canal Project, a project to create a shipping channel through the shallow Palk Strait to allow pasage of larger ships, is headquartered at the Port of Thoothukudi. The port currently handles seven per cent of the total container traffic in India and is an important reason for investment in the southern districts of Tamil Nadu.

The port is badly in need of expansion to handle the increase in traffic. The two container berths in the port are of dimension 370m length and 10.9m depth. This limits the port in competing against Colombo port, which has 15m depth. The Tuticorin Port Trust is investing $1 billion for expansion. This will be done in two phases; the first will deepen the harbour to a depth of 12.8m and the second will increase it to 14.5m. In addition to expansion of the outer harbour, proposed upgrades include construction of breakwaters and lengthening the approach channel. The port has been upgraded to handle vessels longer than 245m. The advantages of deploying bigger vessels are that the existing restriction on booking can be eliminated and the transshipment at Colombo port can be reduced. The Tuticorin port has the potential to be an international container transhipment hub given its unique geographical location. Activity at the port has grown at a rate of 17 per cent per year over the last five years. A large portion of the operations in the port has been privatized, including handling at the first container terminal by PSA Sical. A second container terminal has been approved for this port. Tuticorin port is becoming a gateway for South India to the US, Europe and the Mediterranean following direct sailings to these regions. Of the total exports from the port, 25 per cent were to Europe, 20 per cent to the US, 20 per cent to East Asia including China, 15 per cent to Colombo, 10 per cent to West Asia and the remainder to the Mediterranean.

This port has been chosen to be an undersea cable landing station. The optical fibre cable will run between Mt Lavinia (Sri Lanka) and Tuticorin (325 km) with an initial bandwidth of 20 gigabits per second, later to be upgraded to 160 gigabits per second. This will promote the IT investment in South India by improved telecom infrastructure.

The port is also helping increase the tourism in the region. A new ferry has been commenced between Tuticorin and Colombo.

sourcing from w i k i p e d i a

Madurai Automobile Dealership: SG Jayaraj Group

Mahindra Scorpio is the most wanted SUV (automobile) in and around Madurai area.
Here is one successful dealer of Mahindra Scorpio in Madurai!

SG Jayaraj Group, Madurai

Established in 1940. SGJ Group, Madurai - sell and service leading brands like Mahindra, Swaraj, Hindustan motors, Bajaj Tempo, L&T, Vikram, LML, Etc. Today with ISO 9001:2000, certainly it is a feather in our cap ! They have won all India No.1 in Service Customer Satisfaction for M&M dealership in F2003 and F2004. Madurai M&M dealership is an award winner of South India No.1 in Sales Satisfaction Index of M&M in F2003 and F2005.

Few achievements:
* Tamil Nadu no.2 in Mahindra Scorpio sales during 2003-2004.
* First ISO 9002 certified automobile dealership company in
Tamil Nadu since 1998 and it has been updated and
recertified with ISO 9001:2000 version.
* Largest seller of Mahindra LCV (passenger) in India
for more than 10 years.
* Tamil Nadu no.1 in Mahindra pickups and Mahindra
Cabking/Loadking sales.
* All India no.6 in Bajaj Tempo Minidor (commercial three wheeler)
sales in October 2003.
* Tamil Nadu no.2 in Bajaj tempo trax pickups and tempo excel sales
F-2004 next to Coimbatore .
* South India no.3 in Swaraj tractor sales for the past few years.

Check out SGJ Group

International Flight by June in Madurai: Madurai Airport

Madurai Airport to have an international flight by June

In a recent CII meeting, Dindigul MP NSV Chitthan had said that there will be an international flight from/to Madurai to Singapore, Kuala Lumpur, Gulf Countries, Sri Lanka, South East Asia etc.,

Speaking at a function organised by the Confederation of Indian Industry (CII), Madurai Zone, to formally present the report on ‘Traffic potential at Madurai airport’, here, on Wednesday, Chitthan said that the Union Minister for Civil Aviation had given him an assurance on the operation of an international flight from Madurai by June when he represented the demand of the people in southern districts of Tamil Nadu to him.

Speaking on the occasion, T Kannan, former chairman, CII (Southern Region), underscored the importance to focus on second-tier cities to boost economic growth. Expressing concern over the absence of economic boom in the southern region of the State, Kannan said Mumbai, Bangalore and Chennai to a certain extent, were benefited by the boom that was sweeping the world while it was yet to reach other cities.

Please read more at new ind press

Madurai Clubs and Amusement theme parks

Madurai Clubs and Amusement theme parks

If you have lot of money, buy lands in the outskirts of madurai, for atleast like 5 acres right now.
I assume you are buying lands very very cheap, for my above statement.

Later in a span of 3 years, you could build a club or a social place in Madurai, where in people can subscribe for membership and enjoy the benefits of the club membership like - social networking, restaurant, swimming pool, theatres, play area, open lawn, bar, entertainment, auditoriums etc.,

Since people in Madurai need time to relax, enjoy, get entertained due to lot of stress in their life, they will need clubs and amusement parks.

Think about it now. Build it later - you will benefit like anything...
Have your goal set today and execute it later...

TVS Company, Madurai is my inspiration

I was born and brought up in Madurai. Only Major Madurai company (conglomerate/business group) I have seen and grown up with is - TVS - TVS Company.

If you want to know about the company, please see here TVS Company Profile in our blog

I wanted to build a conglomerate, since I have been growing up with TVS. I believe that is the inspiration for anybody who have grown up in Madurai.

TVS Company is great because - on those days they have started varied companies in various domains and have given jobs to the local community in Madurai. I like the fact that many families earned and many familes have lived in Madurai.

In my perspective, TVS company is professional, conservative, organized and have landed in most of the businesses in Madurai and they do business internationally too.

One of the most profitable and international companies in TVS Sundaram Fasteners, Madurai which is an export unit. The company supplies for General Motors too.

Anyway, the reason of the blog was to say that TVS Company is my inspiration. TVS Company has been doing great, giving employment to the madurai community. I am sure TVS will still favour Madurai in future too.

One request to the management is to do much more business, expand the business in Madurai to fulfill the demands of madurai needs.

thank you for listening...

Madurai Software Business: Future Online Software Business: Software as a service

I think the future of software is all going to be ONLINE. In other words it is called SaaS - Software as a Service.

The traditional software is always deployed in the company infrastructure and the software is used by the users in the company. These days it seems to behosted and used as a service. That is going to be the future as well.

Companies like salesforce.com started off their business like that only. Even traditional software businesses started in past, have an online version of the software available for them.

For example, accounting software companies like intuit - quickbooks have an online version of their software. NetSuite.com etc., has followed the same.

If you want to know about - Software as a service. Please read more in the last paragraph.

The reason I am explaining about SaaS. Because it is the current style, happenning and future of software business in the world, india and madurai. Also, I happenned to hear about a new company in Madurai, which had started a Software as a service business in madurai.

aveoinfotech.com. The software this company has come up with is - daybook.in. This software is hosted and it is in BETA stage of software development life cycle in madurai.

I congratulate this entrepreneur for starting this service and also appreciate for it. All the best for his venture. Why is Madurai Machan happy about it?? I am glad for the fact that this company is started in Madurai.:)

About Daybook, Aveo Infotech, Madurai
It is an effective personal assistant tool helping you schedule your meetings and appointments with your clients and others, thereby utilizing your time effectively.

It can also connect you with other Daybook users which lets you know more about them and their contact details readily (like phone numbers, email addresses and website), and also lets you schedule appointments and share tasks with them.

Daybook is a handy task manager which can not only remind you to pick up a gift for your wife's birthday and pay the electricity bill before the due date, but also lets you assign a task with your contact and lets you and the contact track its progress together.

Daybook is a safe repository of your contacts online, which means that you can access it anytime and from anywhere.

Daybook allows you to create peer groups - with your friends, colleagues, relatives, ... - and to share items of common interest within the group.

About SaaS - Software as a service

Software as a service (SaaS) is a software application delivery model where a software vendor develops a web-native software application and hosts and operates (either independently or through a third-party) the application for use by its customers over the Internet.

Customers do not pay for owning the software itself but rather for using it. They use it through an API accessible over the Web and often written using Web Services or REST. The term SaaS has become the industry preferred term, generally replacing the earlier terms Application Service Provider (ASP) and On-Demand.

Research regarding starting a business in Madurai

I was researching about starting a business in Madurai.

Here are some online findings I did about Madurai Business Help, though I have covered a lot in most of my previous articles about business in madurai.

For any industrial production and manufacturing kind of business in madurai, you can choose your location somewhere from

http://www.sipcot.com/land_available.htm

The above link lists the available land from the SEZs and SIPCOT allotted land. You can purchase land from any location in tamil nadu.

The nearest location from Madurai - I noticed was MANAMADURAI.

I happenned to notice one more interesting factor - Land of 1 acre is just Rs.1 lakh.
Isn't that very affordable? I think so.

1) Manamadurai Railway station located at a distance of 5 km from the complex.
2) Location:
Manamadurai Taluk. Sivagangai District.
5 kms from Manamadurai
on Manamadurai - Perambalur
SH-No.3
One hour drive from Madurai.
3) 60 kms from Madurai Airport
4) Separate Substation is provided for uninterrupted power supply to the Industrial units.
5) Possible and preferred industries...
* Electrical & Electronics
* General Engineering
* Plastic Industries
* Textiles
* Cement Industries
* Modern rice Mill
* Zip fastners
* Graphite
* and other industries

If you wonder, who is providing these lands in manamadurai and other allotted lands -

SIPCOT -

State Industries Promotion Corporation of Tamil Nadu (SIPCOT) Limited, a fully government owned premier institution, established in the year 1972, has been a catalyst in development of small, medium and large scale industries in Tamil Nadu.

All for good... If you are thinking of starting a production and manufacturing business in madurai, check out this article about manamadurai SEZ location, which is cheap and best. Good connection to airport, sea and railways.

::: iMadurai :: A Free and Complete Directory of Great Madurai - Madurai Directory - Madurai Yellow Pages::: Madurai Classifieds:::

::: iMadurai :::

A Free and Complete Directory of Great Madurai - Madurai Directory - Madurai Yellow Pages:::

A BETA version of iMadurai - a madurai directory is built and published starting today.

We believe, for all your madurai directory needs, this would be very helpful.

As we have specified, the website iMadurai.com - A Free Madurai Directory is in BETA. That means - there would be errors. If you find it, please let us know and we will fix it. This is a FREE non-profit service to Madurai community and business people.

In order for your Madurai Business to improve, any updates to the directory can be sent to maduraitimes@gmail.com

Thank you

Want to improve your business in Madurai?

::: Madurai Marketing :: Madurai Advertisement :::

Want to improve your business in Madurai?
You have your consumers of your product of Madurai Company spread all across the world?
You want to have your brand name of your Madurai Company improved?
Want to improve your online presence by having more hits in your corporate website of your Madurai Company?

If you have an answer YES for any of the above questions, then read below -

MaduraiTimes.com - madeinmadurai.blogspot.com can help you with that.

Please check out the users visiting "Madurai Times"(Made in Madurai) Blog from all across the world and its related statistics.

Global Visitors Map to Madurai Times - Made In Madurai

If you are interested in advertising your business in "Made In Madurai" blog,
please email your entry to maduraitimes@gmail.com and then we can do the needful.

Thank you

Madurai Entrepreneurship help: Small Business in Madurai

If you need advice about your new small business in Madurai, consult the following to get more details... They are registered organizations from government to help individuals start and run small businesses in Madurai.

Centre for Entrepreneurship Development - CED, Madurai

CED-SIPO,
Campus No. 4, T.B.Road,
Madurai-625010

Tel : 0452-2602388(O)/2602476(P)
Telex : 0445-310-SSPIN
Fax : 0452-2602455
Contact : Member Secy.

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MADITSSIA - Madurai District Tiny and Small Scale Industries Association
Dr. Ambedkar Road, Madurai - 625 020, Phone : 2523966 Fax : 452 - 2523967
E-mail : info@maditssia.com; maditssia@sify.com;


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CII Madurai Branch

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LIST OF ENTREPRENEURSHIP DEVELOPMENT INSTITUTES in Madurai and other parts of India

Shri A.K. Srivastave (Director)
Institute of Entrepreneurship Development (UP) A 1 & 2 Sarojini Nagar, Industrial Area, Kanpur Road,
Lucknow-226008 (UP)


Sh. G. Nagraju (Director)
Centre for Entrepreneurship Development of Karnataka, “West View” UB Hills, Near D.C. office,
Dharward-580007


Sh. B.V. Rathod (Director)
Maharashtra Centre for Entrepreneurship Development A-38, MIDC near Railway Station
Aurangabad-431005


Sh. P.N. Mishra, (Executive Dir)
Centre for Entrepreneurship Development, 60 Jail Road, Jahangirabad, Bhopal-462008


Sh. B.P. Rayaguru, (Director )
Institute of Entrepreneurship Development, IEDO, Plot No. 123, Sector-A, Zone-A,
Mancheswar Industrial Estate (near Postal Printing Press)
Bhubneswar-751010 Orissa


Sh. P.A. Ramaswamy, (M.D.)
Kerala Industrial & Technical Consultancy organisation Ltd., P.B. No. 1820, Ravipuram,
M.G. Road, Cochin-682016


Sh. P.C. Gupta, (Executive Dir.)
H.P.C.E.D., Udyog Bhawan, Bemloe, Shimla-171001


Dr. R. Jaya raman (Member Secy.)
Centre for Entrepreneurs Development, CED SIPPO Campus No. 4,
T.B. Road, Madurai-625010


Sh. Prasanna Kumar, (IAS)
Haryana Institute of Public Administration, 76, HIPA Complex, Sector-18
Gurgaon-122001


Sh. D.K. Sharma, (Jt. Director)
Entrepreneurship and Management Laboratory Building, 22 Godown, Industrial Area-1
Jaipur-302019


Smt. K. Rama Devi, (President,)
CED an undertaking of Association Andhra Pradesh, 3-5-1091/15
Narayanaguda, Hyderabad-500029


Member Secretary,
J&K Entrepreneurship Development Institute (J&K, EDI)
O/o Directorate of Industries & Commerce, Exhibition Ground, Residency Road,
J & K Govt. Jammu/ Srinagar


Sh. Lakshman Prasad (Executive Dir)
IED Bihar, B.S.F.C. Building, 5th floor, Fraser Road, P.B. No. 114,
PATNA-800 001


Dr. V.G. Patil, (Vice-President & Director,)
EDII, (Near Village Bhat, Via Ahmedabad Airport, & Indira Bridge,
P.O. Bhat, Ahmedabad-382428, Gandhi Nagar, Gujrat

Business Plan for any business you might start in Madurai

Business Plan template, you might want to use before you start any business in Madurai -


Cover Page
Executive Summary
Table of Contents
Business Structure
• Description of Business
• Business Organization
• Management Team
• Location
Market
• Product/Service
• Market Trends
• Target Market
• Competition
• Competitive Advantage
• Market Share Estimates
Marketing & Sales Strategy
• Pricing and Positioning
• Sales
• Advertising and Promotion
Operating Requirements
• Production of the Product/Service
• Staffing and Employees
• Management and Administrative Support
• Regulatory Requirements

The Financial Plan
• Forecasted Startup Budget
• Forecasted Break-Even Analysis
• Forecasted Twelve Month Cash Flow
• Forecasted Five Year Cash Flow Analysis
• Forecasted Five Year Income Statement
• Forecasted Five Year Balance Sheet
The Sources and Uses of Funds
• Sources and Uses of Funds Statement
• Personal Financial Statement
Analysis of the Risks and Rewards
• Risk Analysis
• Strategies to Address Risks
Attachments
• Direct Competitor Analysis
• Labor Force Profile
• Startup 12 Month Cash Flow Projection
• Startup Budget Assumptions
• 12 Month Cash Flow Projection Assumptions
• Break-Even Analysis of Sales (Monthly & Annually)
• 5 Year Cash Flow Statement
• Assumptions Used in 5 Year Financial Projections
• 5 Year Income Statement
• 5 Year Balance Sheet
• Personal Financial Statement
• Equipment List