GANDHINAGAR: Adani Group Chairman Gautam Adani today announced Rs 80,000 crore investment in ports, power sector and infrastructure in Gujarat at the fifth edition of Vibrant Gujarat Summit 2011 (VGS) here.
He, however, did not specify the timeline for the investments.
"On the occasion of VGS we announce an investment of more than Rs 80,000 crore in port, power generation and infrastructure in Gujarat," Adani said, while speaking at VGS.
"While two new ports -- one each at Hazira and Dholera are being developed we are also expanding the existing ports at Mundra and Dahej. With this we have a goal to create 200 million tonnes per annum of port handling capacity by the year 2015," he said.
"In power generation while we have commissioned 2,000 MW at Mundra, additional 2,600 MW will be commissioned by March 2012. Further we are also building 3,300 MW at Bhadreshwar in Kutch, 600 MW at Dahej and 4,000 MW at Dholera SIR," Adani said adding all the above power plants shall be completed to create a capacity of 15,000 MW by 2015.
"As an integrated infrastructure conglomerate we are also developing LNG terminal, infrastructure parks, supporting railway lines and supporting facilities," Adani said.
"Projects of more than Rs 35,000 crore for which we had signed MoUs at the time of Vibrant Gujarat Summit in 2007 and 2009 have been fructified," he added.
Source: PTI, 12 Jan, 2011, 12.39PM IST,
Wednesday, January 12, 2011
Vibrant Gujarat 2011: Essar Group commits Rs 30,000 cr investment
AHMEDABAD: Diversified conglomerate Essar Group today said it will invest Rs 30,000 crore in Gujarat for projects in various sectors, including power and refinery.
"Essar has committed to invest in Gujarat Rs 30,000 crore in power, refinery, ports and water infrastructure," Essar Group Chief Executive Prashant Ruia said here during the 5th Global Summit of Vibrant Gujarat .
He, however, did not specify the timeline for the investments but said the earlier investments committed by the group in the state have been executed.
Essar Group is a major player in the port sector in Gujarat. Its ports and terminals business operates a crude oil and petroleum products terminal at Vadinar in the state.
The group is also constructing a dry bulk port at Hazira and a coal jetty at Salaya, all in the state. A 14 MTPA petroleum refinery at Vadinar which started commercial production on May 1, 2008.
Besides, it also operates a 515 MW gas-based power plant at Hazira.
Source: PTI, 12 Jan, 2011, 12.39PM IST,
"Essar has committed to invest in Gujarat Rs 30,000 crore in power, refinery, ports and water infrastructure," Essar Group Chief Executive Prashant Ruia said here during the 5th Global Summit of Vibrant Gujarat .
He, however, did not specify the timeline for the investments but said the earlier investments committed by the group in the state have been executed.
Essar Group is a major player in the port sector in Gujarat. Its ports and terminals business operates a crude oil and petroleum products terminal at Vadinar in the state.
The group is also constructing a dry bulk port at Hazira and a coal jetty at Salaya, all in the state. A 14 MTPA petroleum refinery at Vadinar which started commercial production on May 1, 2008.
Besides, it also operates a 515 MW gas-based power plant at Hazira.
Source: PTI, 12 Jan, 2011, 12.39PM IST,
Saturday, January 8, 2011
Himachal News : Sirmaur Royal property dispute settled
News via Himachal.us posted by Ravinder Makhaik, Thursday, January 6th, 2011
Shimla: At the best of High Court here, the erstwhile royal family of Sirmaur decided to amicably settle a 23 year old property dispute, putting to an end a long series of litigation pending before the high court’s of Himachal Pradesh and Uttrakhand.
The dispute pertained to the estate of Amar Parkash, the former Maharaja of the princely state of Sirmaur who died in 1933. By the rule of primogeniture and impartibility of estate, his eldest son Maharaja Rajendra Prakash succeeded him.
British paramountancy lapsed after the Independence of India in 1947 and with accession of Sirmaur State into the dominion, properties held by Maharaja Rajendra Prakash as a ruler were divided into two categories as state properties and private properties.
Maharaja Rajendra Prakash became absolute owner of the private properties vested in him as ruler of Sirmour State as recognized by the President of India under Article 363 of the Constitution of India.
Maharaja Rajendra Prakash died in 1964, after which his properties devolved upon his heirs who were, his mother Rajmata Mandalsa Devi, his wives Maharani Durga Devi and Maharani Indira Devi and daughters Raj Kumari Nalini Devi and Maharani Padmini Devi of Jaipur.
With Rajmata Mandalsa Devi, Maharani Durga Devi, Maharani Indira Devi and Raj Kumari Nalini Devi having died ,the agricultural properties of Maharaja Rajendra Prakash falling in Uttarakhand have already been divided between Maharani Padmini Devi and Maharaj Kumar Udai Prakash, who is an adopted son of Maharani Durga Devi thorough a compromise.
A suit was filed before the High Court in 1987 and since then was taken up for consideration from time to time. The matter was sought to be resolved through mediation, however, all parties did not agree.
While this case has been disposed of as not maintainable by Justice VK Sharma, a compromise was arrived at between the parties in another connected suit involving the properties of Maharaja Rajendra Prakash and Maharani Prem Lata Devi, sister of Maharaja Rajendra Prakash.
This has put an end to several litigations pending in various Courts in Himachal Pradesh as well as in Uttarakhand.
Shimla: At the best of High Court here, the erstwhile royal family of Sirmaur decided to amicably settle a 23 year old property dispute, putting to an end a long series of litigation pending before the high court’s of Himachal Pradesh and Uttrakhand.
The dispute pertained to the estate of Amar Parkash, the former Maharaja of the princely state of Sirmaur who died in 1933. By the rule of primogeniture and impartibility of estate, his eldest son Maharaja Rajendra Prakash succeeded him.
British paramountancy lapsed after the Independence of India in 1947 and with accession of Sirmaur State into the dominion, properties held by Maharaja Rajendra Prakash as a ruler were divided into two categories as state properties and private properties.
Maharaja Rajendra Prakash became absolute owner of the private properties vested in him as ruler of Sirmour State as recognized by the President of India under Article 363 of the Constitution of India.
Maharaja Rajendra Prakash died in 1964, after which his properties devolved upon his heirs who were, his mother Rajmata Mandalsa Devi, his wives Maharani Durga Devi and Maharani Indira Devi and daughters Raj Kumari Nalini Devi and Maharani Padmini Devi of Jaipur.
With Rajmata Mandalsa Devi, Maharani Durga Devi, Maharani Indira Devi and Raj Kumari Nalini Devi having died ,the agricultural properties of Maharaja Rajendra Prakash falling in Uttarakhand have already been divided between Maharani Padmini Devi and Maharaj Kumar Udai Prakash, who is an adopted son of Maharani Durga Devi thorough a compromise.
A suit was filed before the High Court in 1987 and since then was taken up for consideration from time to time. The matter was sought to be resolved through mediation, however, all parties did not agree.
While this case has been disposed of as not maintainable by Justice VK Sharma, a compromise was arrived at between the parties in another connected suit involving the properties of Maharaja Rajendra Prakash and Maharani Prem Lata Devi, sister of Maharaja Rajendra Prakash.
This has put an end to several litigations pending in various Courts in Himachal Pradesh as well as in Uttarakhand.
Canadians to form single biggest group at Vibrant Gujarat 2011
News via DNA Correspondent, Place:Gandhinagar, Published: Sunday, Jan 9, 2011.
Delegates from Canada, a partner country for the Vibrant Gujarat Summit-2011, will comprise the biggest single group at the biennial event, senior state government officials said. Around 30,000 people, including corporate honchos, business leaders and delegations, will take part in the business summit, of which around 1,000 will be foreigners.
People from as many as 70 countries have confirmed their participation at the mega event which will be held on January 12 and 13 at Mahatma Mandir in Gandhinagar.
Government officials said Canadian delegates will comprise the largest single group of more than 100 people at the event.
Canadian Friends of Gujarat, an organization in Canada, is bringing a delegation of 44 people headed by MP Patrick Brown.
Mukund Purohit, co-chairperson of the organisation, said six other MPs from Canada are also part of the delegation.
The Canadian government is sending another delegation of around 40 people which will be headed by Nicolas Lepage, consul and senior trade commissioner, western India.
Officials said that many companies from British Columbia, Saskatchewan, Ontario and Manitoba provinces of Canada who are keen to set up businesses in Gujarat, are also taking part in the Vibrant Gujarat summit. A large number of Canadian companies will also sign MoUs with the state government during the event.
The officials further said that Japan, another partner country for Vibrant Gujarat Summit-2011, is also bringing a large delegation of around 70 people. More than 35 delegates are coming from Australia. Participation from the US will also be quite strong, mainly because of the large NRG presence in that country. Many US-based NRGs are coming on their own. The number of delegates from the US and the UK is also going to be very high.
A good number of delegates are also coming from South Africa, Singapore and some European countries. Delegates are also coming from places such as Netherlands, Botswana, Bhutan and Cambodia, among others.
"Vibrant Gujarat Summit-2011 is going to be a truly global event as delegates from all six continents will be participating at the event. During the earlier editions of Vibrant Gujarat summit, only Gujarat was pitching for investments. This time, other countries and states will also be able to woo investors, taking the event to a different level altogether," said a senior government official.
Delegates from Canada, a partner country for the Vibrant Gujarat Summit-2011, will comprise the biggest single group at the biennial event, senior state government officials said. Around 30,000 people, including corporate honchos, business leaders and delegations, will take part in the business summit, of which around 1,000 will be foreigners.
People from as many as 70 countries have confirmed their participation at the mega event which will be held on January 12 and 13 at Mahatma Mandir in Gandhinagar.
Government officials said Canadian delegates will comprise the largest single group of more than 100 people at the event.
Canadian Friends of Gujarat, an organization in Canada, is bringing a delegation of 44 people headed by MP Patrick Brown.
Mukund Purohit, co-chairperson of the organisation, said six other MPs from Canada are also part of the delegation.
The Canadian government is sending another delegation of around 40 people which will be headed by Nicolas Lepage, consul and senior trade commissioner, western India.
Officials said that many companies from British Columbia, Saskatchewan, Ontario and Manitoba provinces of Canada who are keen to set up businesses in Gujarat, are also taking part in the Vibrant Gujarat summit. A large number of Canadian companies will also sign MoUs with the state government during the event.
The officials further said that Japan, another partner country for Vibrant Gujarat Summit-2011, is also bringing a large delegation of around 70 people. More than 35 delegates are coming from Australia. Participation from the US will also be quite strong, mainly because of the large NRG presence in that country. Many US-based NRGs are coming on their own. The number of delegates from the US and the UK is also going to be very high.
A good number of delegates are also coming from South Africa, Singapore and some European countries. Delegates are also coming from places such as Netherlands, Botswana, Bhutan and Cambodia, among others.
"Vibrant Gujarat Summit-2011 is going to be a truly global event as delegates from all six continents will be participating at the event. During the earlier editions of Vibrant Gujarat summit, only Gujarat was pitching for investments. This time, other countries and states will also be able to woo investors, taking the event to a different level altogether," said a senior government official.
Thursday, December 16, 2010
Rajasthan News, Fun Foods in kitty, Dr Oetker plans new plant in Rajasthan
Courtesy news by By Jayashree Maji Dec 16 2010, New Delhi
Germany-based Dr Oetker Group has completed the takeover process of Delhi-based Fun Foods. The Rs 110-crore acquisition was announced in 2008. The company is now looking at increasing its manufacturing capacity and setting up a new plant in Bhiwadi in Rajasthan by end-2012.
“The new plant will not only take care of the existing product portfolio, but will also manufacture Dr Oetkar’s food products which we will launch in a few months’ time. At present we have three plants — two in Uttarakhand and one in Rajasthan,” said Oliver Mirza, managing director of the newly christened Dr Oetkar India & Fun Foods. The company makes popular condiments including sandwich spreads, mayonnaise and sauces.
“The land for the plant is already in place. It is six times bigger than the area of the three existing plants put together. I would not be able to divulge the exact size and capacity now. But this plant will take care of the foods division of Dr Oetkar Group,” said Mirza. He did not divulge the investment involved for the upcoming plant.
The German foods company has other divisions including beer and wine business. “We are completely decentralised. In India, we are focusing completely on the food segment,” said Volkmar Preuss, board member and executive VP sales of Dr Oetker Global Food Division and director of Dr Oetker India & Fun Foods.
“In the last three years, we have learnt a lot about the Indian market. The business of sauces and dips is a local strategic core business. We have local strategic business in other countries too, such as muesli in Germany, nuts and pizza in Italy, and pastry in France. Within the next six months, we will launch some new products from our international portfolio,” Preuss said.
Dr Oetker India & Fun Foods is expecting to close this financial year at Rs 70 crore. Last financial year, the company had recorded revenue of Rs 53.4 crore. Almost 50 per cent of the company’s business comes from the B2B segment.
http://www.mydigitalfc.com/news/fun-foods-kitty-dr-oetker-plans-new-plant-rajasthan-614
Tags: Bhiwadi, Dr Oetker,Fun Foods,News,opportunity in Rajasthan, Germany
Germany-based Dr Oetker Group has completed the takeover process of Delhi-based Fun Foods. The Rs 110-crore acquisition was announced in 2008. The company is now looking at increasing its manufacturing capacity and setting up a new plant in Bhiwadi in Rajasthan by end-2012.
“The new plant will not only take care of the existing product portfolio, but will also manufacture Dr Oetkar’s food products which we will launch in a few months’ time. At present we have three plants — two in Uttarakhand and one in Rajasthan,” said Oliver Mirza, managing director of the newly christened Dr Oetkar India & Fun Foods. The company makes popular condiments including sandwich spreads, mayonnaise and sauces.
“The land for the plant is already in place. It is six times bigger than the area of the three existing plants put together. I would not be able to divulge the exact size and capacity now. But this plant will take care of the foods division of Dr Oetkar Group,” said Mirza. He did not divulge the investment involved for the upcoming plant.
The German foods company has other divisions including beer and wine business. “We are completely decentralised. In India, we are focusing completely on the food segment,” said Volkmar Preuss, board member and executive VP sales of Dr Oetker Global Food Division and director of Dr Oetker India & Fun Foods.
“In the last three years, we have learnt a lot about the Indian market. The business of sauces and dips is a local strategic core business. We have local strategic business in other countries too, such as muesli in Germany, nuts and pizza in Italy, and pastry in France. Within the next six months, we will launch some new products from our international portfolio,” Preuss said.
Dr Oetker India & Fun Foods is expecting to close this financial year at Rs 70 crore. Last financial year, the company had recorded revenue of Rs 53.4 crore. Almost 50 per cent of the company’s business comes from the B2B segment.
http://www.mydigitalfc.com/news/fun-foods-kitty-dr-oetker-plans-new-plant-rajasthan-614
Tags: Bhiwadi, Dr Oetker,Fun Foods,News,opportunity in Rajasthan, Germany
Rajasthan news, Honda to Invest Rs 500 Crore to Build New Plant in Rajasthan
Courtesy news by By khusboo on December 16, 2010
NEW DELHI: Honda Motorcyle and Scooter India (HMSI), a wholly-owned subsidiary of Japanese automaker Honda Motor Co. on Wednesday said that it is likely to build a new two wheeler plant in Indian state of Rajasthan. For the new plant, the company will invest about Rs 500 crore ($110 million).
Naresh Kumar Rattan, general manager of HMSI and operating head of sales and marketing, revealed that the annual capacity of new plant will be of 6,00,000 scooters and motorcycles. The new plant will take the HMSI’s total capacity to 2.2 million.
While addressing an event on Wednesday, Rattan also said that HMSI will also launch at least six new motorcycles in the Indian market in 2011. The first of which is the CBR 250R, which will be introduced in April.
As per the available data, the current facility of HMSI in Haryana state has peak capacity of 1.6 million scooters and motorcyles, which is almost close to operating at full capacity.
Hero Honda
Meanwhile, India’s Hero group and Honda Motor have formally announced to terminate the 26-year-old relationship due to unresolved differences and ambitious independent plans. According to the deal, Honda will sell its 26% stake to the Munjal family.
As per the sources close to the development, Japanese auto major will exit the JV through a series of offmarket transactions by giving the Munjal family 26% stake. Munjal family currently holds 26% stake in the company. The stake is likely to be sold for $1-1.5 billion.
Sources revealed that the Honda Motor Company board is likely to issue a statement to the Japanese stock exchange Nikkei soon. The board has agreed to terms of deal in Japan. The brand name ‘Hero Honda’ is likely to stay till the technology pact ends in 2014.
http://www.indiamag.in/honda-to-invest-rs-500-crore-to-build-new-plant-in-rajasthan.html
Tags: News,opportunity in Rajasthan, Hero Honda, Invest
NEW DELHI: Honda Motorcyle and Scooter India (HMSI), a wholly-owned subsidiary of Japanese automaker Honda Motor Co. on Wednesday said that it is likely to build a new two wheeler plant in Indian state of Rajasthan. For the new plant, the company will invest about Rs 500 crore ($110 million).
Naresh Kumar Rattan, general manager of HMSI and operating head of sales and marketing, revealed that the annual capacity of new plant will be of 6,00,000 scooters and motorcycles. The new plant will take the HMSI’s total capacity to 2.2 million.
While addressing an event on Wednesday, Rattan also said that HMSI will also launch at least six new motorcycles in the Indian market in 2011. The first of which is the CBR 250R, which will be introduced in April.
As per the available data, the current facility of HMSI in Haryana state has peak capacity of 1.6 million scooters and motorcyles, which is almost close to operating at full capacity.
Hero Honda
Meanwhile, India’s Hero group and Honda Motor have formally announced to terminate the 26-year-old relationship due to unresolved differences and ambitious independent plans. According to the deal, Honda will sell its 26% stake to the Munjal family.
As per the sources close to the development, Japanese auto major will exit the JV through a series of offmarket transactions by giving the Munjal family 26% stake. Munjal family currently holds 26% stake in the company. The stake is likely to be sold for $1-1.5 billion.
Sources revealed that the Honda Motor Company board is likely to issue a statement to the Japanese stock exchange Nikkei soon. The board has agreed to terms of deal in Japan. The brand name ‘Hero Honda’ is likely to stay till the technology pact ends in 2014.
http://www.indiamag.in/honda-to-invest-rs-500-crore-to-build-new-plant-in-rajasthan.html
Tags: News,opportunity in Rajasthan, Hero Honda, Invest
Tuesday, December 14, 2010
Gujarat setting high medical tourism targets: Vyas
News via agency: IANS 2010-12-14 19:20
Ahmedabad, Dec 14 (IANS) Gujarat is emerging as a global medical tourism destination and expects to attract over two million patients from abroad in the next few years, bettering Singapore and Thailand, Health and Tourism Minister Jaynarayan Vyas said here Tuesday.
Speaking at a seminar on 'Fostering Healthcare for all', Vyas said: 'The upgradation and renovation of Ahmedabad's government Civil Hospital at a cost of Rs.1,000 crore is in the offing. The Cancer Society is poised to commence super-specialty services and a medical college. Additionally, four medical colleges in Sola in Ahmedabad, Gotri in Vadodara, Patan in north Gujarat and Valsad in South Gujarat are likely to start soon.'
Singapore and Thailand get one million patients each from abroad, he said.
The seminar was attended by Sujata Rao, former union health secretary, Punjab Health Minister Tikshan Sud and eminent experts such as Marvan Abdul Aziz, business director, Dubai Health City. 'The focus was on investment opportunities and growth of the healthcare sector in Gujarat,' an official spokesperson said.
Vyas pointed out that 'the Public-Private Partnership (PPP) model in medical care is on a fast track and a lot of hospitals in Gujarat today have adopted this successful model in various practises. To further boost the PPP model, we have received encouraging response from private companies wanting to adopt this model'.
The seminar was organized by the health and family welfare department of the Gujarat government and the Federation of Indian Chambers of Commerce and Industry (FICCI) with the support of the Industrial Extension Bureau (iNDEXTb) as a run up to the Vibrant Gujarat 2011 summit.
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