For Navi Mumbai Special Economic Zone (NMSEZ), plan is getting ready to denotify 2,140-hectares SEZ land and develop the same as an IT park and an integrated township which would include residential complexes, shopping malls, multiplexes, hotels, schools, colleges and hospitals. The NMSEZ co-promoters are: Reliance Industries (RIL) Chairman Mukesh Ambani and his close associate Anand Jain.
Category: ECONOMY & POLICY
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Kerala monorail projects
Kerala Monorail Corporation (KMCL) set up a subcommittee to hold talks with Delhi Metro Rail Corporation (DMRC) on terms and conditions for consultancy for two monorail projects. The subcommittee would negotiate with DMRC and submit a report at the next board meeting of the KMCL scheduled for the second week of January.
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Maharashtra unveils new industrial policy
MaharashtraÂ’s New Industrial Policy 2013-18 announced recently proposed an investment of Rs 5 lakh crore, jobs for two million people, new industrial corridors and attractions for micro, small and medium industries.The new policy which aims to increase the state GDP to 28 per cent will be implemented from April 1 and will be valid for five years, it was officially announced.
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Maharashtra unveils new industrial policy
MaharashtraÂ’s New Industrial Policy 2013-18 announced recently proposed an investment of Rs 5 lakh crore, jobs for two million people, new industrial corridors and attractions for micro, small and medium industries.The new policy which aims to increase the state GDP to 28 per cent will be implemented from April 1 and will be valid for five years, it was officially announced.
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Cost-overrun on infra projects pegged at ` 520 bn till Mar 2012
At the end of the 11th Five Year Plan on March 31, 2012, cost overrun for various infrastructure projects monitored by government was Rs 52,150.68 crore.This information was given by the Minister of State for Statistics and Programme Implementation Srikant Kumar Jena in Lok Sabha.
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Infrascape 2013 | Real Estate Bill to increase transparency
Given that there are confÂusing signals from our economic data, we are hoping that there will be some policy easing, which will help our cause. Policy initiatives: The introduction of legislation such as the Real Estate Bill is expected to increase transparÂency and boost investor confiÂdence in the Indian market.
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Cost-overrun on infra projects pegged at ` 520 bn till Mar 2012
At the end of the 11th Five Year Plan on March 31, 2012, cost overrun for various infrastructure projects monitored by government was Rs 52,150.68 crore.This information was given by the Minister of State for Statistics and Programme Implementation Srikant Kumar Jena in Lok Sabha.
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Infrascape 2013 | Nextgen global contractors will be from India
The Indian Construction Industry in general faces a huge dichotomy, neither is it valued overseas, other than as a source of labour resources, nor is it valued at home, because of fragmentation and poor practices, and yet the potenÂtial is huge.
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McNally Bharat gets contract
McNally Bharat Engineering has bagged a contract worth Rs 733 crore from ACC for construction and installation of a cement plant. The order comprises onshore supply, civil construction and installation & erection of New
Jamul Cement plant. The order has a contractual delivery period of 30.5 months, it said.
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At a critical juncture
We must urgently address the gaps in the SEZ policy to encourage, incentivise and support the growth of the manufacturing sector, writes Ravindra Sannareddy. Special Economic Zones (SEZs) have been the most effective drivers of growth for developing Asian economies especially China over the last few decades. The key objectives of most SEZ programmes are to attract foreign investment, earn foreign exchange, boost industrial development, generate employment, and upgrade technology.