Chennai Port mulls 'horizontal' car parking yard

Aimed at generating more revenues, the Chennai Port Trust has proposed to set up a horizontal parking yard at its facility, instead of a multi-level car parking.
The decision to set up a horizontal parking yard at its facility is in the backdrop of automobile manufacturers suggestion that horizontal car parking yielded better results world over, Chennai Port Trust Ltd Chairman Atulya Misra said here, recently.
"We have gone for a multilevel car parking tender. But, the car manufacturers had an interaction with us. They said, world over horizontal parking alone is more successful", he said.
Based upon the auto companies interaction, he said, "(we understood that) if horizontal parking is provided they (automakers) will be more interested in this project".

Commenting about it, Union Shipping Minister G K Vasan said there was no restriction on a port to develop on its own way, provided the Port shows profits to the Ministry.
"Chennai Port (Trust) has got enough potential to develop itself. Stage by stage it is working...," he had said earlier.

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NTPC signs agreement with Power Mgmt Institute * State-run NTPC today signed a preliminary agreement with Power Management Institute to collaborate in areas of business and organisation development.
"NTPC signed an MoU (Memorandum of Understanding) with Power Management Institute (PMI), a training institute of NTPC and Birla Institute of Management Technology (BIMTECH) for long term collaboration in the areas of business and organisation development," the company said in a statement.

The collaboration is for exchange of intellectual resource and infrastructure of both the organisations, the statement said.
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Merit Medical Systems opens office in Bangalore * US based Merit Medical Systems Inc, a leading manufacturer and marketer of proprietary medical disposable devices used primarily in cardiology, radiology and endoscopy, today announced its Indian operations in Bangalore.
Company President Joe Wright said the key reason for their entry into the Indian market now with direct presence is due to the large need generated for their products over the last 3-5 years.
"Over the next 5-10 years we have elaborate plans to invest in sales & marketing initiatives and set up basic infrastructure for product assembly and sterilisation," he was quoted as saying by a company release.

"Even though we have been selling our products through distributors here last 3-4 years, we feel our presence is needed more now to be able to reach out to our direct target groups, the doctors and hospitals," Ashwin Benegal, President; India & SAARC region, said.