DRINK DEEPLY, AND MAKE A PLAN

Article Abstract:

The government of India needs to evolve a comprehensive plan to ensure that the country's coffee industry survives the challenging years ahead. The country's coffee exports have been affected by the recent devaluation of the Brazilian currency. India is one of the few coffee-growing countries with an extended drought period of 120-150 days. The Central Coffee Research Institute is trying to find a solution to this but policy-makers say that the country is to large and diverse to enable major investments for a single crop. Analysts say that coffee planters have been prevented from investing profits to improve their estates as the government has either levied an export duty or limited the quantity of exports when coffee prices have increased. (khr)

Market information - general, International economic relations, Fruits and tree nuts, not elsewhere classified, Coffee Beans, All Other Miscellaneous Crop Farming, Coffee (Plant)

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ATRIA POWER FIRMING UP EQUITY PARTNERS

Article Abstract:

Atria Power Corporation is looking for foreign equity partners for its proposed 103 mw naphtha plant at Harihar. The company aims to achieve financial closure for the project in 3-4 months. Elin of Austria, the engineering, procurement and construction and operations and maintenance contractor for the project, has submitted a proposal for equity participation. Sumitomo Bank, which has the mandate for equity, is to invest $19 million in the project. The estimated cost of the project is Rs400 crore and has a debt-equity ratio of 70:30. The Industrial Development Bank of India and other banks are likely to fund 40 percent of the debt while the balance will be financed by foreign debt. (khr)

New capacity, new plant construction, Petroleum Refineries, Naphtha, Atria Power Corp.

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