The decision to withdraw from participating in the special purpose vehicle, being promoted by the Matyas Group, was taken by the MMTC board. MMTC was in the process of receiving shareholders' approval for investing Rs 85.85 crore and picking up up to a five per cent stake in the Maytas Group's SPV for the SEZ.
'Initially, Gift City was just another real estate project, but all that changed with Modi moving to New Delhi,' notes Tamal Bandyopadhyay.
Xi Jinping is winning the war without firing a shot in Sri Lanka, observes Colonel R Hariharan (retd).
The Tamil Nadu government on Monday entered into a joint venture with Hyderabad-based GMR Infrastructure Ltd to set up a multi-product Special Economic Zone in the state's Krishnagiri district at a cost of Rs 2,300 crore (Rs 23 billion).
The state governments will be allowed to acquire a maximum of 10 per cent of the total land area allotted for a special economic zone for purposes of contiguity, according to a top source in the rural development ministry.
Finance Minister Nirmala Sitharaman presents her fourth Budget in Lok Sabha on Tuesday.
It is located on the Visakhapatnam-Vizianagaram stretch of N-5, around 16 km from Visakhapatnam city.
The new exchange will also help global companies raise finance from other overseas investors.
The two countries are scouting for members of a joint working group to study a proposal to this effect made during a recent visit by Commerce and Industry Minister Anand Sharma to Colombo.
The Bill has proposed that zones notified by the end of March 2012, will get income tax benefits. For units, there is a two-year additional window, with those commencing operations by March 31, 2014, likely to get an exemption.
Finance Minister Arun Jaitley on Monday said state governments should emulate the concept of 'Gujarat International Finance Tec-City'
Narendra Modi had stressed need for shifting focus from port development to 'port-led development' model to maximise gains
These ambitious projects are littered with every possible acronyms and include proposed road links, air connectivity plans, electricity grids and special economic zones on coasts, says Subhomoy Bhattacharjee.
According to Nasscom, India must make its R&D significantly more robust to realise the 'Make in India' dream
Shipping: Policy to increase India flagged tonnage soon
Even while the union budget may not have announced many direct schemes for Gujarat, the state has been a major beneficiary under Prime Minister Narendra Modi's first 100 days in office.
Mamata Banerjee government was principally opposed to granting SEZ status to any such units willing to come to the state
Unitech Corporate Parks Plc, the real estate investment company listed on London's Alternative Investment Market in which developer Unitech Ltd holds a 40 per cent stake, has decided to put one of its largest assets in India on the block with a valuation of Rs 3,000 crore.
Standard Chartered Bank is setting up an international banking unit primarily to look after Indian company requirements. The bank is looking for a $2-billion loan book in the first five years of business.
Software major Infosys would wait for some more time before taking a decision on the future of its first development facility at Rajarhat near themetropolis.
We present here Anshuman Magazine's wishlist.
The West Bengal government signed an agreement with New Kolkata International Development Pvt Limited on Monday to develop infrastructure in the state, including health, education, industrial and housing complexes.
According to research firm Counterpoint, Apple was one of the fastest-growing brands in India during the December quarter. This was driven by multiple price cuts on its XR device, thanks to local manufacturing in India, it had said. It added that the rollout of new iPhones (11 series), aggressive pricing and a good channel strategy was helping Apple gain market share in India.
From Kudankulam to the Land Bill, the author takes the Twitter route to capture the infra action of 2013.
One of Apple's suppliers, Salcomp, will invest Rs 2,000 crore over the next five years to make components at a Nokia plant in Chennai. The facility, which has been closed for nearly 10 years, will be revived and made operational from March 2020.
Genpact opens offices in Kolkata on 700,000 sq.ft of land and plans to employ 7000 people.
EmaarMGF Land, a joint venture between Emaar Properties PJSC of Dubai and MGF Developments of India, is planning to invest $3 billion (Rs 12,000 crore) in 10 locations across south India over the next few years.
The Environment Ministry on Thursday issued a show cause notice to Mundra Port & SEZ Limited, a private port and special economic zone being developed on the west coast of the country, for alleged violation of the provisions of the Coastal Regulation Zone Notification.
At a time when others are cutting on development of commercial property, plans to add 50% more of IT space.
Excise duty on formulations has increased from 4 per cent to 5 per cent.
C P Joshi, India's Rural Development Minister, on Tuesday claimed that a Bill to provide for acquisition of land for industrial projects and Special Economic Zones (SEZs) has been cleared by the Cabinet and the timing of its introduction in Parliament will be decided by the Parliamentary Affairs Ministry.
Real estate firm Ansal Housing and Construction Ltd plans to invest Rs 2,000 crore (Rs 20 billion) in the next four years to develop various projects, which include seven townships in Tier II cities.
The deal for 800,000-square foot plot in Gurgaon's Infospace Tikri SEZ is likely to improve real estate absorption rate, which has seen some upside recently.
Without Myanmar, India can't engage with any of the Asian nations to its east.
The conglomerate, which has received environmental clearance for the project, plans to invest around Rs 1,500 crore in it.
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