Salim Group
Encyclopedia
The Salim Group is Indonesia
's biggest conglomerate
with assets including Indofood Sukses Makmur
, the world's largest instant noodle producer, and Bogasari, a large flour
-milling operation. The group was founded by Sudono Salim
.
The Salim Group also owns major oil palm
plantations (about 1,000 km²) and logging concessions.
In 1999, the group called off talks to sell a stake in Indofood to San Miguel Corp, the main food and beverage conglomerate in the Philippines, because of control questions.
Salim Group has been involved in Property Development and Leisure Industry for around 30 years. The businesses include hotel and resort development, golf courses, real estates, commercial buildings, shopping centers and industrial estates.
.
The Salim Group is involved in the construction of Kolkata West International City
. Salim and Universal Success are investors in the project, Ciputra the developer and Singapore-based Surbana the project manager.
The proposal of the Salim Group for chemical hub and multi-product SEZ
were cleared in principle by the board of approvals of the Union Commerce Ministry, Government of India, in October 2006.
The chemical hub would be set up as a joint venture project of West Bengal Industrial Development Corporation Ltd and New Kolkata International Development. Indian Oil Corporation would be the anchor investor there. The NKID comprises three companies including the Salim Group. The chemical hub was earlier proposed to be set up at Nandigram
but in reaction to the Nandigram violence
was shifted to Nayachar
.
The proposal for a bridge across the Hooghly River from Raichak
to Kukrahati
, which will connect Haldia
to Kolkata
, has been hanging fire for many years. In earlier years, it was thought that the 2 km long cable bridge costing over Rs. 3,000 crore would be built with Malaysian support. Thereafter, JICA
came into the picture. Subsequently, they were replaced by the Salim group.
The construction of the Eastern Link Highway, linking Barasat
with Raichak, which would be 100 km long and 100 m wide and spread over 2,500 acres (10 km²), is also on the anvil. The projects would be implemented by New Kolkata International Development Private Ltd, a special purpose company that has been promoted by the Salim Group, the Universal Success Group and Unitech.
The government will acquire 5000 acres (20 km²) for the Salim Group at Kukrahati to develop a township. The Kukrahati township would come up on low and saline land close to the banks of the Hooghly river.
Buddhadeb Bhattacharya
, chief minister, West Bengal, laid the foundation stone for eastern India's first two-wheeler project at Uluberia
on 15 February 2006. A motorcycle factory would be set up by the Salim Group of Indonesia at a cumulative investment of $250 million. Spread over 65 acres (263,045.9 m²) of land provided by the State Government, the factory would be set up under the banner of Salim Group company Mahabharat Motors Manufacturing Pvt Ltd, and the two-wheelers would be sold under the brand name, Arjun. Speaking at both the functions, Benny Santoso, Chief Executive of the Salim Group, said the Indonesian business house with diverse business interests was keen to contribute and partake in the development of West Bengal. Chuansung, a Chinese company, would be the technological collaborators.
Indonesia
Indonesia , officially the Republic of Indonesia , is a country in Southeast Asia and Oceania. Indonesia is an archipelago comprising approximately 13,000 islands. It has 33 provinces with over 238 million people, and is the world's fourth most populous country. Indonesia is a republic, with an...
's biggest conglomerate
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
with assets including Indofood Sukses Makmur
Indofood
PT. Indofood CBP Sukses Makmur Tbk., better known as Indofood, is a major Indonesian company involved in the food industry. The company's headquarters are in Jakarta....
, the world's largest instant noodle producer, and Bogasari, a large flour
Flour
Flour is a powder which is made by grinding cereal grains, other seeds or roots . It is the main ingredient of bread, which is a staple food for many cultures, making the availability of adequate supplies of flour a major economic and political issue at various times throughout history...
-milling operation. The group was founded by Sudono Salim
Sudono Salim
Sudono Salim , also known as Liem Sioe Liong, is a Chinese Indonesian businessman of Hokchia origin. He was once considered the richest individual in Indonesia. He was the head of the conglomerate Salim Group before turning over its management to his youngest son Anthony in 1992.-Early life:Salim...
.
The Salim Group also owns major oil palm
Oil palm
The oil palms comprise two species of the Arecaceae, or palm family. They are used in commercial agriculture in the production of palm oil. The African Oil Palm Elaeis guineensis is native to West Africa, occurring between Angola and Gambia, while the American Oil Palm Elaeis oleifera is native to...
plantations (about 1,000 km²) and logging concessions.
In 1999, the group called off talks to sell a stake in Indofood to San Miguel Corp, the main food and beverage conglomerate in the Philippines, because of control questions.
Salim Group has been involved in Property Development and Leisure Industry for around 30 years. The businesses include hotel and resort development, golf courses, real estates, commercial buildings, shopping centers and industrial estates.
Projects in West Bengal
The Salim Group is involved in a number of projects in West BengalWest Bengal
West Bengal is a state in the eastern region of India and is the nation's fourth-most populous. It is also the seventh-most populous sub-national entity in the world, with over 91 million inhabitants. A major agricultural producer, West Bengal is the sixth-largest contributor to India's GDP...
.
The Salim Group is involved in the construction of Kolkata West International City
Kolkata West International City
Kolkata West International City is a satellite township development across with 6,100 bungalows, four highrise residential towers, three IT parks, a club, a 200-bed hospital, two schools and shopping and entertainment zones, in Howrah...
. Salim and Universal Success are investors in the project, Ciputra the developer and Singapore-based Surbana the project manager.
The proposal of the Salim Group for chemical hub and multi-product SEZ
Special Economic Zone
A Special Economic Zone is a geographical region that has economic and other laws that are more free-market-oriented than a country's typical or national laws...
were cleared in principle by the board of approvals of the Union Commerce Ministry, Government of India, in October 2006.
The chemical hub would be set up as a joint venture project of West Bengal Industrial Development Corporation Ltd and New Kolkata International Development. Indian Oil Corporation would be the anchor investor there. The NKID comprises three companies including the Salim Group. The chemical hub was earlier proposed to be set up at Nandigram
Nandigram
Nandigram is a rural area with two commuunity development blocks in Haldia subdivision of Purba Medinipur district of the Indian state of West Bengal. It is located about 70 km south-west of Kolkata, on the south bank of the Haldi River, opposite the industrial city of Haldia...
but in reaction to the Nandigram violence
Nandigram violence
The Nandigram violence was an incident in Nandigram in the West Bengal state of India, where, to curb the terror build by All India Trinamool Congress and Maoists, on the orders of the West Bengal government, police entered the Nandigram area and violence erupted...
was shifted to Nayachar
Nayachar
Nayachar is an island in the Hooghly River, off Haldia in Purba Medinipur in the Indian state of West Bengal. The island inhabited by few fishermen, has shot into the larger public view as the proposed site of the major chemical hub initiated by the erstwhile Left Front alliance led West Bengal...
.
The proposal for a bridge across the Hooghly River from Raichak
Raichak
Raichak is a small town in South 24 Parganas district of the Indian state of West Bengal. It is located on the bank of the Hooghly river, some 50 km south of Kolkata. It is about 15 km from Diamond Harbour.-History:...
to Kukrahati
Kukrahati
Kukrahati is a small place in Purba Medinipur district of the Indian state of West Bengal. It is located around 150 km from Kolkata, and stands on the bank of the Hooghly river, opposite Raichak in South 24 Parganas. It is the gateway to the port and industrial city of Haldia...
, which will connect Haldia
Haldia
Haldia has a typical moderate climate with winter temperatures ranging from a low of around 7 degrees Celsius to a high of 22 degrees Celsius. Winters are chilly and is when the residents hold the Haldia Utsav festival. Summers can be very hot and humid. Usual summer temperatures in May, the...
to Kolkata
Kolkata
Kolkata , formerly known as Calcutta, is the capital of the Indian state of West Bengal. Located on the east bank of the Hooghly River, it was the commercial capital of East India...
, has been hanging fire for many years. In earlier years, it was thought that the 2 km long cable bridge costing over Rs. 3,000 crore would be built with Malaysian support. Thereafter, JICA
Japan International Cooperation Agency
The Japan International Cooperation Agency is an independent governmental agency that coordinates official development assistance for the government of Japan...
came into the picture. Subsequently, they were replaced by the Salim group.
The construction of the Eastern Link Highway, linking Barasat
Barasat
Barasat is a city in the outskirts of Kolkata, West Bengal India and is the district head quarter of the district North 24 Parganas. It is a part of the area covered by Kolkata Metropolitan Development Authority. The town is an important railway and roadway junction...
with Raichak, which would be 100 km long and 100 m wide and spread over 2,500 acres (10 km²), is also on the anvil. The projects would be implemented by New Kolkata International Development Private Ltd, a special purpose company that has been promoted by the Salim Group, the Universal Success Group and Unitech.
The government will acquire 5000 acres (20 km²) for the Salim Group at Kukrahati to develop a township. The Kukrahati township would come up on low and saline land close to the banks of the Hooghly river.
Buddhadeb Bhattacharya
Buddhadeb Bhattacharya
Buddhadeb Bhattacharjee is an Indian politician and a member of the politburo of the Communist Party of India . He was the Chief Minister of West Bengal from 2000 to 2011...
, chief minister, West Bengal, laid the foundation stone for eastern India's first two-wheeler project at Uluberia
Uluberia
Uluberia is a city and a municipality in Howrah district in the Indian state of West Bengal. It is a part of the area covered by Kolkata Metropolitan Development Authority.-Geography:...
on 15 February 2006. A motorcycle factory would be set up by the Salim Group of Indonesia at a cumulative investment of $250 million. Spread over 65 acres (263,045.9 m²) of land provided by the State Government, the factory would be set up under the banner of Salim Group company Mahabharat Motors Manufacturing Pvt Ltd, and the two-wheelers would be sold under the brand name, Arjun. Speaking at both the functions, Benny Santoso, Chief Executive of the Salim Group, said the Indonesian business house with diverse business interests was keen to contribute and partake in the development of West Bengal. Chuansung, a Chinese company, would be the technological collaborators.
Member Companies
- IndosiarIndosiarIndosiar is a publicly owned national television station in Indonesia, and has been operating from West Jakarta since 1994. It was listed on the Indonesian Stock Exchange in 2004. Citibank Singapore has an 8.5 percent shareholding...
- Salim Palm Plantation
- Indomiwon
- IndoAgri
- YakultYakultis a Japanese probiotic milk-like product made by fermenting a mixture of skimmed milk with a special strain of the bacterium Lactobacillus casei Shirota. It was created by Minoru Shirota who graduated from the Medical School of Kyoto University in 1930. In 1935, he started manufacturing and...
- IndofoodIndofoodPT. Indofood CBP Sukses Makmur Tbk., better known as Indofood, is a major Indonesian company involved in the food industry. The company's headquarters are in Jakarta....
- Indomaret
- Indomobil
- Indocement
- Sari Roti
- Bogasari
- NestléNestléNestlé S.A. is the world's largest food and nutrition company. Founded and headquartered in Vevey, Switzerland, Nestlé originated in a 1905 merger of the Anglo-Swiss Milk Company, established in 1867 by brothers George Page and Charles Page, and Farine Lactée Henri Nestlé, founded in 1866 by Henri...
- PepsiCoPepsiCoPepsiCo Inc. is an American multinational corporation headquartered in Purchase, New York, United States, with interests in the manufacturing, marketing and distribution of grain-based snack foods, beverages, and other products. PepsiCo was formed in 1965 with the merger of the Pepsi-Cola Company...
- Total Chemindo Loka
- UnileverUnileverUnilever is a British-Dutch multinational corporation that owns many of the world's consumer product brands in foods, beverages, cleaning agents and personal care products....
(owns 35% by Salim Group and 65% owned by UnileverUnileverUnilever is a British-Dutch multinational corporation that owns many of the world's consumer product brands in foods, beverages, cleaning agents and personal care products....
) - Wings
- Lion Corporation