Latest data released by the Reserve Bank of India (RBI) say that for new projects Odisha has emerged as the hottest investment destination as investor interest in prosperous states such as Maharashtra, Gujarat, Karnataka
Tag: Tamil Nadu
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Nabard’s offer to TN infra projects
For developing several infrastructure projects in Tamil Nadu, the National Bank for Agriculture and Rural Development Bank (Nabard) has committed a financial support of Rs 1,500 crore to the state during the current fiscal.
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Ennore Port to double its car storage capacity
To cater to the growing demand for car exports from Tamil Nadu, the Ennore Port is planning to double its car storage capacity from the existing 10,000 units in a year. The additional space at the port would be ready by the middle of 2014-15, the port Director-Operations Sanjay Kumar has said.
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Ancient temple comes in the way of road widening project
In Tamil Nadu's Ramanathapuram district, the planned widening of East Coast Road has become a threat to 600-year-old Sri Sundararaja Perumal temple at Kothankulam in Kadaladi block in the district.
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GMR divests majority stake in GUEL to India Infrastructure Fund of IDFC
In line with GMR Group's Asset Right and Asset Light Strategy, GMR Highways Ltd has signed a definitive agreement with India Infrastructure Fund (IIF) to divest 74% stake in GMR Ulundurpet Expressways Private Limited ('GUEL').
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Stalling of Chennai port road project will impact TN: official
In Tamil Nadu, the Rs 1,815-crore Chennai Port-Maduravoyal elevated link road was conceived for speedy evacuation of containers from Maduravoyal and now it has been stalled by the State Public Works Department stating there was a deviation in the alignment from the approved project. Stopping of the project will have a very big impact on Tamil Nadu and the countryÂ’s economy, cautioned Vijay Chhibber, Secretary, Union Ministry of Road Transport and Highways.
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Collapsed bridge not rebuilt in TN even after 13 years
The collapsed bridge on the Pasimuthan canal in Thillainayagapuram village near Chidambaram in Tamil Nadu has not yet been reconstructed, even after 13 years of the bridge collapse. When the rainy season arrives villagers of North Thillainayagapuram are virtually cut off from rest of the world as they don't have any alternative bridge to cross the canal.
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Essar, TPG Capital in Race for Karaikal Port
To acquire a majority stake in Karaikal Port in Tamil Nau, Essar Ports and US private equity giant TPG Capital are in the fray to acquire a majority stake in
Karaikal Port. The port is a subsidiary of debt-ridden Chennai based Marg Group.
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Committee set up to improve 1,700 km roads in TN
An empowered committee has been formed to ensure better coordination between various departments for implementing a project to improve 1,700 km of roads across Tamil Nadu in a time-bound manner.
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TCX to start services from Kattupalli port from Sept 19
A regular schedule from Kattupalli port in Tamil Nadu has been announced by Thailand-Chennai Express Service (TCX), a consortium of NYK and X-Feeders. The service will be operational from September 19.