The overall cost of expansion of the operational and approved metro projects under implementation is over Rs 2.5 lakh crore, and another Rs 2 lakh crore worth projects are in various stages of approval and are likely to come up for bidding in the next five years
The Railways has sizeable capex plans for the five year period 2015-19 involving a capital outlay of Rs.8.56 trillion. The annual capital outlay for FY2016-18 was increased significantly to meet the five-year targets. NITI Aayog has also finalised the three year action agenda (2018-20).
Trent Hypermarket, a joint venture between the Tata group and Tesco, the UK-based multinational grocery and merchandise retailer, is looking to buy land in Bengaluru, Mumbai and other cities to build distribution centres for its stores.
Tata Group company Tata Projects Limited has created a dedicated division to tap opportunities generated by the Smart Cities initiative.Â´A separate division has been created this month,Â´ Tata Projects VP and Head (smart city business) Gautam Balakrishnan said on the side-Â¡lines of Urban Infrastructure Conclave, 2015.
IVRCL has put up Rs 4,000 crore worth of assets for sale in order to come out of debt burden in the next two years once the sale is successful. The assets for sale include road projects (both operational and under construction) and desalination plant in Chennai.
The Tata Group is taking initiative in the country's financial inclusion. Tata Communications Payment Solution has got RBI's approval to install 15,000 automated teller machines (ATMs) in the next three years, two-third of which will be in smaller towns.
Ginger Hotels of the Tata Group is among the bidders for the projects of the Rail Land Development Authority's (RLDA) 15 multi-functional complexes (MFCs) out of 43 MFCs offered for development this year till now. RLDA is a statutory authority established by the Union Ministry of Railways for generating non-fare revenue from railway land.