The commerce and industry ministry is in talks with state governments to prepare guidelines for setting up local governance bodies inside these tax-free industrial enclaves. Sources said these bodies may either be modelled on the lines of townships developed by state industrial development authorities like the New Okhla Industrial Development Authority (Noida) in Uttar Pradesh, or follow a Jamshedpur-like model, where a corporate house takes care of civic infrastructure.
With liquidity crunch hitting operations, many finance companies have put the brakes on sanctions in the third quarter in the aftermath of the IL&FS crisis.
Bandhan Bank has filed a draft red herring prospectus with Sebi for an IPO of up to 119 million equity shares, with face value of Rs 10 each.
In its new avatar as the Department for Promotion of Industry and Internal Trade (DPIIT), it will directly be responsible for 'the welfare of traders and their employees'.
Its proximity to popular tourist destinations like Agra, which attracts 45 per cent of the international passenger traffic at IGI, could be diverted to Jewar.
Officials of the state urban development ministry confirmed the development to Business Standard on Monday after a meeting between Chavan, City and Industrial Development Corporation Vice-Chairman and Managing Director Sanjay Bhatia and other government officials.
Three years and Rs 28,710 crore worth of transactions later, it has more than double the number of sellers than Flipkart.
Noting that the pace of industrial development could not be hindered by such vandalism, Bhattacharya said, "This is an indisciplined party and it has acted in an indisciplined manner."
Officials from the City and Industrial Development Corporation (Cidco) on Thursday expressed fears that the proposed international airport at Navi Mumbai could become unviable due to cost escalation, following prolonged delays.
'In times of recovery, we may see a rural-urban divide with the urban pockets affected more by COVID-19, but the MFI business model should encourage banks to handhold them in this hour of crisis,' notes Tamal Bandyopadhyay.
The Gomti Riverfront Development project, the Agra-Lucknow Expressway, the Jai Prakash Narayan International Centre and the efforts towards the beautification of Old Lucknow are some of Akhilesh Yadav's initiatives that are the subject of investigation.
Four persons were killed and nine others injured in a fire in an industrial area in suburban Mumbai, fire brigade officials said on Friday.
In its morning update, the Union health ministry said the total number of positive cases has reached 2,16,919 with a record spike of 9,304 new cases since Wednesday 8 am across the country, while the death toll has increased to 6,075 with 260 more fatalities in this period. A PTI tally of figures announced by different states and union territories, as of 9.50 pm, showed a higher number of confirmed cases across the country at 2,17,389 and the death toll at 6,233.
These start-ups include high-growth companies such as Ola, Paytm, Lenskart, UrbanClap and Urban Ladder. Nearly half of these have gone on to raise follow-on funding, a key measure of success for start-ups. A few have become unicorns, the term for start-ups valued at $1 billion or more.
The Allahabad high court recently pulled up the Uttar Pradesh government over non-compliance of its stern order for the removal of two top officials of the New Okhla Industrial Development Authority. But the state administration is still dilly-dallying over the issue. Undue influence wielded by a NOIDA industrialist was stated to be the main reason behind Chief Minister Akhilesh Yadav's reluctance in removing the two officials.
An initial reading of the guidelines indicates two factors - potential rise in borrowing cost and lower returns on investment book - could hit the spread of NBFCs.
C M Bachhawat, who has served as finance secretary in the Trinamool government earlier, will take over as the industry secretary from Alapan Bandopadhyay. Bachhawat will also be given additional responsibility as executive director of WBIDC.
Land acquisition issues & costs a big query; Cidco wants these fully addressed before calling preliminary bids.
"Despite subdued growth in the world economy, India has maintained a GDP growth rate of 7.2 per cent in 2014-15, 7.6 per cent in 2015-16 and 7.1 per cent during April to September of 2016-17," the commerce and industry minister said in a written reply during Question Hour in the Lok Sabha.
The total project cost has been pegged at Rs 14,500 crore.
The report has identified 29 instances where it appears that the loans disbursed to borrowers were in turn utilised by their group companies to repay the existing debt obligations with IL&FS Financial Services Limited.
A total of 1,160 hectares are proposed for the airport project of which mangroves are currently spread over 110 hectares.
It is located on the Visakhapatnam-Vizianagaram stretch of N-5, around 16 km from Visakhapatnam city.
The New Okhla Industrial Development Authority (NOIDA) will soon have to return a huge chunk of prime land along the UP-Delhi border, to Uttar Pradesh irrigation department from which it was transferred to NOIDA during the previous Bahujan Samaj Party regime headed by Mayawati.
However, the UP government said it has given one more month to Patanjali to meet the conditions required to get the final approval.
In less than two months since the announcement in March, the state has mobilised an armada of small and medium enterprises keen on making components for large equipment manufacturers.
A 1978 batch IAS officer, Ranjan, who assumed office this evening, said he would try to ensure clean administration.
Cidco has asked the Maharashtra government to withdraw its August 2008 decision to allot 100 hectares for just Rs 300 crore to Videocon.
While, projects, including Rs 23,000 crore Purvanchal Expressway, totalling Rs 60,000 crore have already been launched, the Yogi Adityanath government is fast paving the way for laying the foundation of the remaining projects before the general election dates are announced.
The blaze erupted around 7 am in the gas processing plant of the ONGC located in Uran area of neighbouring Navi Mumbai, an official said.
As part of its infrastructure development, the state may ask the Japanese government to develop infrastructure with a view to utilise Japan's public funds.
Ambassador Venu Rajamony, who served as press secretary to President Pranab Mukherjee during his tenure, salutes the statesman and political legend, who passed into the ages on Monday.
Nestle India, the subsidiary of Swiss dairy major Nestle, is all geared to set up its ninth plant in the country. The company had acquired about 50 acres of land at Sanand, nearly 30 kilometres from Ahmedabad, for a manufacturing plant, said Gujarat government officials.
Oracle of Omaha will initially invest Rs 1,177 crore (Rs 11.77 billion) in the venture.
Easy financing, including grant of tax exemption, being considered to provide early stage funding.
The RBI panel has also recommended a government-sponsored 'fund of funds' of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector.
British architecture firm Zaha Hadid Architects bagged the contract from Navi Mumbai International Airport Limited after a 12-week design competition, and will design the new airport's Terminal 1 and air traffic control tower.
The board of directors has taken in-principle decision to merge IDBI Bank Ltd with IDBI, the financial institution informed the Bombay Stock Exchange on Thrusday.
The deadline for the commercial launch of the Navi Mumbai airport is set at 2021-end
he Kerala High Court on Thursday cleared the way for setting up the country's first Islamic bank in this state.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances