True wealth to the nation is generated only when the land is put to productive use. Long-term land lease over land acquisition can accelerate the investment cycle in India.
Tag: Tatas
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Adanis may buy Dhamra Port from Tata, L&T
To expand its presence in the country's east coast, India's biggest port operator Adani Ports is said to have clinched a deal to acquire Dhamra Port, an equal joint venture between Tatas and L&T. The deal is stated to be around Rs 5,000 crore. Sources concerned said that the deal has almost completed as the talks between Adanis and Tata Steel and Larsen & Toubro have reached to the stage of signing it formally.
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No delay from Aviation Ministry to AirAsia’s JV
There would be no delay in granting necessary approvals to Malaysian carrier AirAsia for its proposal to start an airline here with Tatas if all required information is provided to government agencies, Civil Aviation Minister Ajit Singh said on March 17. There are some procedural issues which will be settled and there is nothing to worry. We welcome AirAsia-Tata Joint Venture (JV) and hope that it will be operational soon, he said on the sidelines of Routes Asia Conference held in Mumbai.
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Ten major firms race to build 3,300-km freight corridor
For the 3,300-km Dedicated Freight Corridor (DFC) project, Indian and global construction companies are vying for around Rs 12,000 crore worth of civil works for two stretches. Among these are not only the Tatas, Essar and IVRCL Infrastructures Projects Ltd, but also Chinese, Russian and Spanish firms. The eastern corridor of the DFC is from Ludhiana to Dankuni (West Bengal). The western one is from Dadri, close to Delhi, till Navi Mumbai.
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20 bidders for Orissa's UMPP
All the 20 power companies, including Tatas, NTPC and Lanco, which had submitted bids for the 4,000 MW ultra mega power project (UMPP) in Orissa are believed to have qualified for the second round, which starts in October.