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.
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.
Land acquisition issues & costs a big query; Cidco wants these fully addressed before calling preliminary bids.
The total project cost has been pegged at Rs 14,500 crore.
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 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.
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.
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.
And learn what not to do from the so far jinxed Navi Mumbai International Airport.
The deadline for the commercial launch of the Navi Mumbai airport is set at 2021-end
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.
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.
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.
Easy financing, including grant of tax exemption, being considered to provide early stage funding.
Oracle of Omaha will initially invest Rs 1,177 crore (Rs 11.77 billion) in the venture.
he Kerala High Court on Thursday cleared the way for setting up the country's first Islamic bank in this state.
L&T has denied the charge and said the delay was entirely due to a dispute between Cidco and the railways.
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.
Accompanied by West Bengal Industrial Development Corporation managing director Subrata Gupta and local Trinamool MLA and school education minister Rabindranath Bhattacharjee, Bengal industry minister inspected the entire site and held a meeting with WBIDC officials at a camp office located within the premises.
A major fire broke out at Akruti Trade Centre, a commercial complex housing a number of corporate offices in the Maharashtra Industrial Development Corporation (MIDC) area in suburban Andheri late on Friday evening.
The parliamentary standing committee on finance on Thursday approved the repeal of IDBI Act, paving the way for conversion of Industrial Development Bank of India into a bank.
Kerala floods take a toll on small businesses, NBFCs brace for losses
Sahberi village ruling to hit sentiment in Noida Extension, where projects worth Rs 40,000 crore are being executed.
Uttar Pradesh is getting the cyber savvy to attract investment in the state with an advanced single-window online clearance system, 'Nivesh Mitra'. Interestingly, the suite will also be integrated and linked with social networking sites viz. Facebook, Twitter & LinkedIn given their popularity, reach and impact.
The ideal employee will be the one who can learn to adapt to the changes in a short span of time and apply their technical skills and problem-solving ability to come up with creative solutions, says Anoop P Kudva.
Days after the Parliament repealed the IDBI Act, Industrial Development Bank of India is believed to have decided to remain a "stand-alone" entity initially and a merger with a big PSU bank may be considered later.
The Greater Noida Industrial Development Authority is planning to move the Supreme Court against the Allahabad High Court order setting aside acquisition of land in Gautam Buddh Nagar district. The authority has already held talks with farmers to resolve the land dispute in Shahberi village in the district which saw violent clashes between farmers and the police, killing four people.
Software major TCS will sign an MoU with Kerala government on Saturday for setting up of a Rs 1,000 crore Global Training Academy in Thiruvananthapuram.
In a major embarrassment to Mayawati government in Uttar Pradesh, the Allahabad High Court on Thursday set aside notifications issued for acquisition of more than 100 hectares of land in Gautam Buddh Nagar district for "planned industrial development" in Greater Noida.
Mitra said that Tata group firm TCS was creating additional 20,000 jobs.
If all goes well, Ford India will park its second manufacturing unit right next to Tata Motors' Nano factory at Sanand.
According to a source, banks have decided to infuse funds after Purnendu Chatterjee, chairman of The Chatterjee Group, agreed to invest Rs 100 crore (Rs 1 billion) as margin amount into the ailing plant.
There was uncertainty after the courts annulled land acquisition in a couple of these villages.
There are allegations that MFIs are charging exorbitant interest rates and using strong-arm tactics to recover the loans.
Making a submission in the court of Justice Saumitra Pal, Tata counsel Samaraditya Pal said that 997.11 acre leased to Tatas (lessee) by West Bengal Industrial Development Corporation (lessor) was not kept idle from the time of execution of the lease deed to the exit from the site by the company.
The state-run Maharashtra Industrial Development Corporation (MIDC) recently handed over the land. The company was exploring investment opportunities in various states and finally selected a site at the Shendre industrial estate near Aurangabad.
The court also imposed Rs 10 lakh (Rs 1 million) as cost on the Greater Noida Industrial Development Authority and directed it to hand over the land to the villagers and farmers.
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