BUSINESS & ECONOMY

chaudhary Group, Crompton Greaves in ‘Millennium Alliance’

-By A Staff Reporter

 While the world is  moving ahead towards the new millennium, taking up the cue, Nepal’s leading business house, Chaudhary Group, and India’s reputed corporate conglomerate, Crompton Greaves, agreed to form ‘The Millennium Alliance’ to foster greater economic ties between the two countries.

Exchanging MoU are Chaudhary Group's President & Managing Director Basant k. Chaudhary (l.) and Crompton Greaves' President (Power Division ) Ranjan Dasgupta in Kathmandu ,Dec 24 .

State Minister for Information and Communication Govinda Bahadur Shah formally inaugurated the strategic alliance between the two business houses by lighting the  Panas at a programme organized to mark ‘The Millennium Alliance’.

The joint effort of Chaudhary Group and Crompton Greaves will contribute in developing infrastructure in hydro power and telecommunications sector which will usher development in Nepal, Chaudhary Group President and Managing Director Basant K Chaudhary said while addressing the gathering.

Speaking on the same occasion, K. K. Nohria, Chairman and Managing Director, Cropmton Greaves, said that the alliance will “explore possibilities of the commodities which can be produced in Nepal and be exported to India.”

Crompton Greaves India and Chaudhary Group on the occasion of His Majesty King Birendra Bir Bikram Shah Dev’s 55th birthday presented a Time Division Access Point to Multi-Point (TDMA-PMP) system to Nepal Telecommunication Corporation. The system developed by Cromption Greaves is a digital radio which also includes the digital switch to provide a total solution both for switching and connectivity, it is learnt.

This system caters to the rural, low density, semi-urban and other areas with growing subscriber requirements. It is appropriate and cost effective to cater to 356 scattered and clustered subscribers located in an area of 20 to 30 kilometers radius around the base station. It can also be deployed in conjunction with any other transit and tandem switching system for connectivity to the public switch telephone network.

The TDMA-PMP system is believed to be very useful in the Nepalese context where the need for fast, easy, low cost phone connection between the local exchange and subscribers is more critical in rural areas. “This system may be the answer for a country like Nepal with varied topographical terrain,” Chet Prasad Bhattarai, General Manager of Nepal Telecommunication Corporation said.

Chaudhary Group’s President and Managing Director Binod Chaudhary, while delivering a vote of thanks, said that an Indian corporate giant like Crompton Greaves can provide the linking bridge between the two countries for  economic development. “We are indeed proud to be associated with Crompton Greaves,” he said.

Soaltee welcomes the new millennium

-By A Staff Reporter

 A series of festivities  including an exclusive performance by Penaz Masani at the Megha Malhar and theme night symbolically titled “In the beginning” to welcome the new millennium Soaltee Crowne Plaza has announced the upgradation of it’s in house services.

Nanglo Bakery & Cafe considered to be the country's most successful eating outlet, towards the end of this century opened its sixth and the newest chain here in teku. Opened on Dec 27, this 3-tier resturant is the biggest one in its chain. Nanglo is once again set from another Midas touch!

The hotel says, key card system has been installed in all the rooms and the Regal suite has been completely refurbished. The Regal suites with interior design inputs from the renowned architect from India, Sunita Pitambar-dons contemporary colours and fabric resulting in deluxe features. The Regal Suite has become yet another feather in the hotel.

The hotel has also added Tea/Coffee making machines in all the rooms to fulfill the exacting demands of modern day traveler.

Being the only hotel with a full fledged flight catering unit, the hotel has also invested in a state of art flight catering truck to augment it’s catering services and maintain it’s leadership in that segment of the market. The refrigerated truck, one of it’s kind in Nepal now serves most of the out bound flights for catering services. Soaltee Crowne Plaza provides about 18000 meals per week upliftment services to Indian Airlines, RNAC, Australian Airlines, Qatar Airways in most of it’s major routes from Kathmandu.