Latest news with #IDA
Irish Times
a day ago
- Business
- Irish Times
EI's new CEO must think big to help domestic businesses scale to create next ‘Kerry Group or Smurfit'
It's all change at Enterprise Ireland . On Friday, it appointed Jenny Melia as its chief executive and one of her key tasks will be to implement its new five-year strategy, which has just been put into effect. A lot has changed since EI's last three-year plan, not least the return to the White House of Donald Trump and his threat to impose tariffs and other measures on the rest of the world. Suddenly, our pharma exports and the financial spin off they yield, are under major threat, along with billions in corporate tax revenues from Big Tech firms, which fund many of our essential day-to-day services. On Wednesday, EI chairman Michael Carey and interim CEO Kevin Sherry gave a presentation on the new strategy in Tokyo to 100-plus Irish business leaders who had travelled to the country as part of the EY Entrepreneur of the Year programme's CEO retreat. READ MORE 'It has an underlying ambition to ensure that indigenous Irish businesses, Irish exporting companies and international trading companies... that those businesses become the primary driving force of the Irish economy to provide a counterbalance for the great success of FDI [foreign direct investment] and the great work that the IDA do,' Carey said. Scaling is a potential 'game changer', he said, adding that the ambition is to establish a large fund (a mix of State resources and private sector money) that would allow it write larger cheques for companies with the ambition to become 'the next Kerry Group or Smurfit'. That step change in funding is a big gap in the system at the moment. EI's ambition is to seed the next generation of Irish multinationals. According to Carey, EI is the largest private equity investor in Europe, a fact previously unknown to Cantillon. Now is the time to build on that expertise. As an entrepreneur himself, Carey should be well placed to help EI deliver on its new strategy. When appointed in 2023, he was the first EI chairman to have been a client of the agency, and his biscuit manufacturer East Coast Bakehouse is itself trying to scale into markets outside Ireland.
Time of India
2 days ago
- Business
- Time of India
Indore development body to sell flats, plots & shops to boost revenue, targets ₹261 crore
INDORE : Indore Development Authority (IDA) is set to generate substantial revenue by selling its vacant plots, flats, and shops, with a target of Rs 261 crore in the coming days. A decision to sell 600 flats, 40 shops, and 24 plots was made during an IDA board meeting, chaired by the Divisional Commissioner Deepak Singh, Collector Asheesh Singh , IMC Commissioner Shivam Verma, and IDA CEO RP Ahirwar among other officials on Friday. The authority will soon issue tenders for these properties, aiming to meet the housing needs of the general public. The IDA has already prepared a comprehensive list of all properties. The board meeting also saw key approvals for infrastructure projects. An agency was finalised to conduct the feasibility survey and prepare tender documents for the 'elevated corridor' extending from Malwa Mill Square to Rasoma Square via Patnipura Square. Additionally, an agency was approved for the feasibility survey and tender proposals for flyovers at Rasoma Square and Ring Road's Robot Square. These approvals follow a previous board meeting where the decision to conduct feasibility studies at all three locations was made, and tenders were subsequently invited. The IDA board also decided to provide Rs 16.98 crore to the Indore Municipal Corporation (IMC). This amount will be used to treat sewage emanating from the sewerage treatment plant in Scheme No. 166. In another significant decision, an industrial plot in Scheme 78 Phase-2 was allotted to the Food Corporation of India (FCI). Furthermore, a plot on the Super Corridor was allocated to the Agricultural Produce Market Committee (Mandi). The board also sanctioned minimum tenders worth Rs 90 crore for various development works and essential facilities across different schemes. These include the construction of a bridge over the Kanh River on MR-12, the building of a 34 lakh-litre capacity water tank in Scheme 151 and 169B, and other approved works under various development plans.
The Hindu
3 days ago
- Health
- The Hindu
Dental clinic's unsterile practices led to death of 8 in Vaniyambadi: study
Tirupattur Collector K. Sivasoundaravalli on Friday said that a private dental clinic in Vaniyambadi town will be ordered to close down based on a status quo report filed in 2023 by the then Joint Director of Health and Joint Director of Medical and Rural Health Services (JDSS). The Collector's action comes in the wake of a study done jointly by CMC Vellore, ICMR-NIE and Tamil Nadu Directorate of Public Health. It shows that unsterile dental practices at the clinic allegedly led to death of eight patients who got treated there in May 2023. The study say that an unsterile surgical instrument was used to open a saline bottle at the clinic. Reuse of the bottle's contents had led to at least 10 people contracting neuro melioidosis — a bacterial infection of the brain — which allegedly led to the death of eight patients, who got treated there, the study said. Speaking to The Hindu, Ms. Sivasoundaravalli said that a four-member health team led by V. Gnana Meenakshi, Tirupattur JDSS, inspected the facility to assess the existing condition and medical procedures followed there. Following this, the team has submitted a status quo report to the Collector. The team included C. Illavani, senior dentist, Government Taluk Hospital (Tirupattur) and S. Sivasubramani, medical officer, Government Taluk Hospital (Vaniyambadi). 'During the inspection, they found that the dental clinic was functioning some distance away from its previous location in the town. I have directed Tirupattur SP [Shreya Gupta] to investigate the cases filed against the clinic,' said Ms. Sivasoundaravalli. The team also found that the clinic had slightly changed its nomenclature. 'We are also verifying previous medical records and the report filed by the then JDSS, to initiate further action against the clinic,' said Ms. Gnana Meenakshi, incumbent JDSS. In a press release, CMC Vellore said that during 2022—2023, there were frequent admissions of patients with brainstem syndrome at the hospital. Among 21 cases identified, 10 had undergone dental procedures. The dental clinic was investigated to identify the source of contamination, and the bacteria was isolated from an in-use saline bottle. 'The outbreak was controlled with 10 cases by active intervention of the district government health authorities,' the statement said. Meanwhile, Indian Dental Association (IDA) has denied the claims made by the ICMR-led study on the deaths. 'We completely deny the claim as the private dental clinic had followed all medical norms prescribed under the law,' T. Gokulraj of IDA (Tamil Nadu), told reporters.
Time of India
3 days ago
- Business
- Time of India
IDA to sell flats, plots & shops to boost revenue, targets 261cr
Indore: Indore Development Authority (IDA) is set to generate substantial revenue by selling its vacant plots, flats, and shops, with a target of Rs 261 crore in the coming days. A decision to sell 600 flats, 40 shops, and 24 plots was made during an IDA board meeting, chaired by the Divisional Commissioner Deepak Singh, Collector Asheesh Singh, IMC Commissioner Shivam Verma, and IDA CEO RP Ahirwar among other officials on Friday. The authority will soon issue tenders for these properties, aiming to meet the housing needs of the general public. The IDA has already prepared a comprehensive list of all properties. The board meeting also saw key approvals for infrastructure projects. An agency was finalised to conduct the feasibility survey and prepare tender documents for the 'elevated corridor' extending from Malwa Mill Square to Rasoma Square via Patnipura Square. Additionally, an agency was approved for the feasibility survey and tender proposals for flyovers at Rasoma Square and Ring Road's Robot Square. These approvals follow a previous board meeting where the decision to conduct feasibility studies at all three locations was made, and tenders were subsequently invited. The IDA board also decided to provide Rs 16.98 crore to the Indore Municipal Corporation (IMC). This amount will be used to treat sewage emanating from the sewerage treatment plant in Scheme No. 166. In another significant decision, an industrial plot in Scheme 78 Phase-2 was allotted to the Food Corporation of India (FCI). Furthermore, a plot on the Super Corridor was allocated to the Agricultural Produce Market Committee (Mandi). The board also sanctioned minimum tenders worth Rs 90 crore for various development works and essential facilities across different schemes. These include the construction of a bridge over the Kanh River on MR-12, the building of a 34 lakh-litre capacity water tank in Scheme 151 and 169B, and other approved works under various development plans.
The Journal
5 days ago
- Business
- The Journal
Over 300 people losing their jobs as US firm Carelon to pull out of Ireland by end of the year
OVER 300 PEOPLE in Limerick are set to lose their jobs as the IDA-backed health tech company Carelon is to pull out of Ireland by the end of the year. Staff were told at the end of March that the company, which is owned by one of the biggest health insurance providers in the US, Elevance Health, was considering ceasing all operations in Ireland. In a meeting today, company leadership told staff that they are all set to lose their jobs. Some people will have their employment terminated by 1 August, some by 3 October, and finally all contracts will be terminated by 31 December. A representative for Carelon today said that following a consultation process with employees and after 'carefully considering other options' the 'difficult' decision has been made to cease operations in Ireland. 'The process to close operations will occur over the course of the next several months, and we expect it to be completed by the end of 2025. We greatly appreciate the work and dedication from associates in Ireland over the past few years and are committed to supporting them during this time,' they added. Advertisement A staff member who attended the meeting today told The Journal that employees won't receive letters confirming their redundancies, or when their employment is being terminated, until Friday. Previously staff told The Journal that 'hysteria' had broken out amongst the workforce, while they were in the dark about whether they would be made redundant or not, as some were expecting children, some had bought houses, and many came to Ireland from overseas to work for the technology solutions firm, and were now worried about their visas. It's understood that the parent company considered several options including reduced layoffs and rebadging before arriving at this decision. The IDA has provided considerable funding to Carelon since 2021. The agency said at that time that the company choosing Ireland as a site for expansion was a sign that Ireland has become a destination for 'top talent and investment in the healthcare sector'. In the financial year ending 2023, it provided the company with over €832,000 in Government grant money, having given the company over €375,000 the year before. Employees have been told by higher management within Carelon that the company is making this decision in order to reduce the number of sites it operates. Minister for Enterprise Peter Burke said at the start of May that the Government and the IDA were acting as 'first responders' and were working with Carelon to try and explore options. Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal
