All financial market regulators have agreed to lay down the rules to enable IndiaĆĀ“s first international finance centre to take off in Gujarat by April.
Tag: Special Economic Zone
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Ban on ZPMC cranes to affect Indian ports
The government decision to deny security clearance to the worldĆĀ“s biggest port crane maker, ChinaĆĀ“s state-owned Shanghai Zhenhua Heavy Industries Co (ZPMC), to supply cargo handling equipment to Major Ports will have serious implications for the countryĆĀ“s port industry, according to industry executives.
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JNPT: Port-focused to port-led development
A port-based multi-product Special Economic Zone (SEZ) at the Jawaharlal Nehru Port Trust (JNPT) will be a win-win situation for exim traders. This industrial infrastructure project will be established on 277 hectares
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Ansals SEZ project
Ansal Properties and Infrastructure has revived its plan to develop a 75-acre IT special economic zone (SEZ) in Greater Noida and will invest about Rs 130 crore over the next three years on construction. The IT SEZ was notified by the Commerce Ministry in 2006.
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Advantage infrastructure
A wide range of projects and facilities are granted the status of infrastructure projects under the new Companies Act, 2013. Prachi Manekar elaborates on the benefits from the new Act for the infrastructure projects.
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APSEZ highest bidder at Ennore port
The Adani Ports & Special Economic Zone (APSEZ) has emerged as the highest bidder to construct a container terminal at the Ennore Port. The company offered highest revenue for the planned Rs 1,270 crore project, compared to DP World which was the runner. Third company, Singapore Port Authority (SPA) did not participate in the final financial bid. Totally 11 firms have shown interest in the technical bid, however only three firms came to financial bid, according to a port official.
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APSEZ appointed consultant to Dhamra Port
Adani Ports and Special Economic Zone (APSEZ) has been appointed as a management consultant to Dhamra Port, an equal joint venture of Larsen and Toubro (L and T) and Tata Steel. Dhamra Port wanted the expertise of Adani Ports in running the port.
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SEZ project development
About 30 Special Economic Zone (SEZ) developers have been given six months to one year more time by the Union government to execute their projects. The decision was taken by an inter-ministerial Board of Approval (BoA) chaired by Commerce Secretary SR Rao in its meeting. Requesting for more time to implement their projects, Posco-India, Unitech Infracon and Lodha Dwellers have also made their requisition to the government.
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Adani Ports seeks more land for its SEZ project
For its special economic zone (SEZ) at Mundra in Gujarat, Adani Ports and Special Economic Zone is seeking additional land from the Union government. Adani Ports has 6,700 hectares of land that is notified and it has asked the government for another 1,800-1,900 hectares of land, the company said.
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APSEZ plans to set up shipbreaking yard at Mundra
Within the special economic zone (SEZ) limit of Mundra Port, Adani Ports and Special Economic Zone (APSEZ) proposes to set up a ship-breaking yard in about 40 hectare land. The Adani Group firm reportedly plans to set up the yard close to a boundary of the existing Mundra West Port in the next one or two years with an initial target of dismantling and recycling 40 ships every year