SMEDA INKS MOU WITH SMEDA TO PROMOTE SUGAR BEET CULTIVATION
KANWAL SALEEM, LAHORE
Oct 29 - Nov 04, 2007
With a view to promoting sugar beet cultivation and profitable sugar yields in the selected regions of Punjab and Sindh, the Small and Medium Enterprise Development Authority (SMEDA) and German company Strube-Dieckmann (SD).
SMEDA Chief Executive Officer Mr. Shahid Rashid and Mr. Strube Dieckmann Managing Director Johannes-Dieckmann signed the documents of MoU on behalf of their organisations. Business and Sector Development General Manager Sultan Tiwana, Agribusiness Manager Dr Khalid Mahmood and Manager Donor Coordination and International Linkages from SMEDA Mr. Imran Chaudhry.
The major objective of the MoU is to extend the milling season of sugar mills by processing sugar beet before and after sugarcane milling by managing potential fit of sugar beet in the cropping systems of the local farming community, particularly in a crop rotation with the local farmers.
''SMEDA will coordinate the efforts of beet tech project together with provincial and federal related ministries and departments to promote sugar beet in the country. It will identify stakeholders from sugar industry, farmers and government to organise technical and feed back meetings and also conduct a pre-feasibility study both for crop agronomy and beet processing under SES cooperation scheme'', sources in SMEDA told PAGE.
Mr. Strube-Dieckmann will provide technical support in conducting initial crop trials for confidence building on the government research farms, sugar mills farms and private farmers' fields. The Company will also provide personnel and share costs for conducting pre-feasibility for modification of existing sugar plants and beet cultivation together with SMEDA initiated SES programme.
About the creation of sugar beet institutes in Pakistan, Mr. Shahid Rashid said sugarcane research institutes already existing in the country might be strengthened instead of establishing new ones.
TERADATA BEGINS TRADING ON NEW YORK STOCK EXCHANGE
Teradata Corporation today announced that it has completed its spin off from NCR Corporation (NYSE: NCR) and that shares of its common stock begin regular trading on the New York Stock Exchange (NYSE) under the symbol "TDC" Teradata President and Chief Executive Officer Mike Koehler said,"
"Listing our shares on the NYSE, the world's leading and most global capital market, is a historic event and marks a new beginning for Teradata as the global leader in enterprise data warehousing,". "We will continue to strengthen our company, to expand and deepen our relationships with our strong and diversified customer base, and to invest in initiatives that further improve our technology leadership and grow our business."
"Today, organizations around the world rely on Teradata's proven expertise in helping them to use enterprise analytics to drive growth, profitability and competitive advantage," Koehler continued. "We are well positioned to capitalize on the many opportunities in the global marketplace."
In connection with the spin off, NCR shareholders received one share of Teradata common stock for every one share of common stock they held in NCR as of the close of business on September 14, 2007. One hundred percent of the approximately 181 million shares of Teradata common stock were distributed.