Yes Bank, IFC to set up PE fund for North-East India

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Indian winner Binning Lyngkhoi to use prize money to treat ailing father

Indian winner Binning Lyngkhoi to use prize money to treat ailing father

Lyngkhoi Binning may not be happy as far as his timing is concerned, but he was nevertheless delighted with his win yesterday. The USD 6,500 (approximately Rs 4 lakh) will help him treat his father, who is suffering from tuberculosis.

Defending champion Binning clocked 2:21:16 to emerge the fastest Indian among the men's full marathoners in the eighth edition of the Mumbai Marathon yesterday. Angad Kumar (2:24:32) and Ram Singh Yadav (2:25:33) finished second and third respectively.

Binning, who hails from a small village in Meghalaya, said he desperately needed the money for his father's treatment.

"We were taking some temporary treatment, but doctors had advised us to take him to a specialised hospital as his illness is quite severe now.

"There is no proper medical facility where I live. To provide better treatment, I have to bring him to a city hospital. But I didn't have enough money for that. Thankfully, after this win, I can immediately start my father's treatment. I will speak to the doctor now and get my father admitted in a good hospital rightaway, probably in Bangalore or Mumbai because these two cities have some of the finest medical facilities," Binning told MiD DAY.

Binning wanted to collect the money himself and so never sought any help from his employers, the Indian Army.

"I wanted to do as much as I could for my father. I was confident of doing well in the Mumbai race, so I didn't ask anyone for help," he said.

Though, Binning was yet to talk to his father about his win,  his brother heaved a sigh of relief when he learnt of the victory.

"He was relieved when I told him that I won. He said was: 'ab pitaji ka ilaaj achche se kar paayenge' (We can now give a better treatment for our father)," Binning signed off.

8th North East Business Summit

Dear friends from  North East India

A very happy new year 2013 to you!

As a veteran of the North East Business Summits run by the Indian Chambers of Commerce (ICC) of Kolkata, I will be attending the 8th North East Summit in New Delhi on January 9th & 10th at the Le Meridian. This will be the 6th summit I would have attended since 2003. The details are online at http://bit.ly/8thnebs

I have recently promoted the EWI Development Initiative Foundation (aka. East West Interconnect, website at www.eastwestinterconnect.org.in) as a Sec. 25 Company, not for profit. The purpose is to assist in bridging the Western India Region (mainly Maharashtra & Gujarat) with the 8 North East States in a manner to contribute to North East Development. The activity focus would be on Entrepreneurship Development as I do believe that it is only when North East Entrepreneurs match their counterparts in the rest of the country, will true prosperity be created in the North East. Partnering with Western India Enterprises and Investors would be an asset for North East Entrepreneurs. To better understand the North East Region, advocacy for and about the region is required in Western India.

The sectoral focus includes:

1) Hospitality – 3 & 4 star hotels, Motels, Resorts, Heritage Properties, MICE & restaurants
2) Hospitals &  Wellness – Small hospitals (25-50 rooms) and clinics, SPAs and fitness centers
3) Sports – Infrastructure and facilities (grounds, stadiums, courts, golf courses etc.) training – private and public
4) ITaS – IT as a service – Hosted Solutions for SMEs – cloud computing, virtualisation and open source development
5) HRD – Education – coaching &  training for the above sectors
6) Environment
   a) Water Management
   b) Waste Management
7) Townships & Rurbanisation, including rurban market areas
8) Power Infrastructure - Hydro & Thermal Power, Solar Power
9) SME's in
   a) Agro - bamboo, agriculture, horticulture, sericulture
   b) Animal husbandry - pigs & cattle
   c) Poultry
   d) Fish farming
   e) Apiaries
   f) Manufacturing
   g) Handicrafts

My team and I would take up such projects on a turn key basis covering - market studies, product/service positioning, feasibility, business strategies & plans, identification and negotiation with service partners (HMCs etc.) identification and negotiation with debt and equity investors and related documentation. East West Interconnect would address Entrepreneurship Development - HRD – Education – coaching &  training for the above sectors. Our consulting arm, Advanced Strategies Pvt. Ltd. would assist with commercial project inputs.  Bee Management Consultancy Pvt. Ltd. would assist in bringing in overseas participation, as the project may require. If you wish to be a sponsor of East West Interconnect, I would be pleased to discuss your participation & involvement.

I would be happy to meet you in New Delhi on January 9th & 10th at the Le Meridian and discuss your requirements, based on which a proposal would be provided to you later. Please note that Advanced Strategies Pvt. Ltd. which would assist with commercial project inputs charges fees customized to suit project requirements.

My assistants Ms. Vinika Kasar & Ms. Hiral Shah are available in Mumbai at 022-22672561  and emails to info@astrategies.com would reach them and me.

So if you own property, have some start up funds to invest and a zest to develop your entrepreneurship prowess, lets go together.

yours truly,
for East West Interconnect


Rajiv Bhatia
Promoter & Principal Mentor