Mumbai, December 26, 2006 - Leading real estate developer Sobha Developers Ltd has announced that the Company has received a Letter of Indent (LOI) from DELL India Pvt Ltd to construct its Manufacturing Plant in Sriperumbudur, Chennai.
New Delhi, November 24, 2006 : The Ministry of Food Processing Industries has moved a comprehensive proposal to give SEZ status to proposed mega Food Technology Parks with a provision of 50% produce for domestic consumption and remaining 50% for exports.
Kolkata, September 22, 2006: The West Bengal government is likely to allot a 3-acre plot near Kolkata to the Bangalore-based Central Power Research Institute (CPRI), for setting up a power equipment-testing laboratory, which is presently operating in a WSEB property. The West Bengal Power ministry has requested CPRI to put in a formal application to the state government for the land and the land is likely to be allotted in Rajarhat. This laboratory will be set on a similar scale as the major ones that are in operation at Bangalore, Bhopal and Hyderabad. Future investment on this power equipment infrastructure would be 100-150 crores.
Ahmedabad, September 14, 2006 : The central government has already approved 21 special economic zones (SEZs) in Gujarat. And more companies are coming forward with proposals for such zones. With an investment of more than Rs 1 lakh crore, employment generation for lakhs for people, the SEZs are expected to become future growth engines that will propel Gujarat as a global manufacturing hub, says D Rajagopalan, Gujarat’s principal secretary for industries and mines.
Ahmedabad, September 11, 2006 : Gujarat is fast becoming the hub for Special Economic Zones (SEZ) in the country. Though only Kandla and Surat SEZs are fully operational right now, the State plans to set up 25 SEZs. Of these, approval has been granted to 20-odd proposals which is likely to bring in initial investment of over Rs 700 billion.
An automobile and auto components industry SEZ in Jharkhand has been notified. The Adityapur SEZ is being developed by the Adityapur industrial area development authority with Gammon and Jusco. The SEZ is is to come up on 36 hectares of land in the Saraikela Kharsawan district of Jharkhand.
The State Government has cleared Hindustan Motors' request for sale/development of 314 acres of land at HM's Uttarpara plant in West Bengal. The company sees opportunity to set up a township comprising residential, IT Parks and Auto-ancillary parks.
Sale proceeds would also help the company financially in its plans to revive the plant.
The Tata Group plans to set up an SEZ focused on the Electro-Metallurgical business in over 2,500 acres of land that it owns in Gopalpur, Orissa. the focus of the Gopalpur SEZ would be on downstream steel and aluminium projects, titanium dioxide ancillaries and processing of cold-rolled steel sheets.
Dharmapuri District is to see a 1,000-acre industrial estate to be developed by SIPCOT. The estate is to house industries as diverse as software, hardware, textiles, agro-processing, an metals.
The Eastern India Garment Manufacturers and Exporters Federation (EIGMEF) is to set up an Apparel Park in Mahisabathan in North 24 Parganas district of West Bengal. The park is to house garment manufacturing units from fabric to finished product. A number of units are focused on exports.
A Special Economic Zone (SEZ) with sole focus on steel production with ancillary and downstream units may be set up by Rashtriya Ispat Nigam Ltd at Visakhapatnam. The aim is to promote industrialisation in the district and improve employment opportunities in the region.
The expansion of the plant at a cost of Rs.8600 crores is scheduled for completion in 2009.
The Jharkhand govt has moved to allot 10.09 acres of land in Jamshedpur for Steel Strips Wheels Ltd. An auto ancillary company, it will set up a commercial vehicle wheel plant. Production is targeted at meeting Tata Motors' increased demand for MCV and HCV wheels.
Plans for a joint venture company at Jamshedpur to cater to Tata Motors' demand and use port facilities nearby had been approved two years ago. The shares of the company closed at Rs.140 at the BSE, moving up by 0.29%.
Project to generate 120,000 new jobs.
Bharat Forge Ltd. (BFL), India’s largest manufacturer and exporter of automotive components today signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to jointly develop a multi-product Special Economic Zone (SEZ) in Khed Taluka of Pune District.
Toyota considers India as a priority market. It also plans to roll out a small car for the Indian market although the time frame is uncertain. However, the car giant is now close to finalising a deal to set up its second car plant in Karnataka. The state ranks high in preference because housing a second plant will reduce costs considerably for Toyota.
A pellet plant with an annual production of 8-million tonnes will be set up by Essar Global, the overseas investment arm of the Essar Group. The pellet plant will require an investment of Rs.800 crores and will be a part of Essar's integrated steel unit, costing a total of Rs.10,700 crores.
According to news reports the Tata Group has requested the Punjab government for 1,000 acres of land near Chandigarh for setting up a car manufacturing facility. The Tata Group has been looking at locations for their small-car project that aims to sell over a million cars in the Rs. 1 lakh price range by 2010.
The Komarapalayam Hi-Tech Weaving Park (KHWP) project was launched at Korapaliyur by the Union Minister of State for Textiles, Mr E.V.K.S. Elangovan. According to the minister the central government would consider setting up around 250 textile parks across the country if the current lot of 26 textile park projects prove successful. The KHWP will receive Rs.14 crore as investment subsidy from the centre.
West Bengal Chief Minister Buddhadeb Bhattacharjee has indicated that the state government is willing to provide between 400 to 500 acres of land free for setting up of plastics industry in Midnapore, Jalpaiguri and Coochbihar districts. Companies establishing in Midnapore could cater to the Bihar and Jharkhand markets, while those in Jalpaiguri and Coochbihar could target North-east markets. He made this comment at a workshop on Schemes and Programmes for Development of Micro and Small Scale Industries.
The government has approached companies such as Infosys, Mahindra and Mahindra to run Special Economic Zones (SEZs) in Bangalore, Hubli and Dharwad, according to Minister for Large and Medium Industries K S Naidu. Real Estate groups like Adarsha and Prestige are also on the guest list.
Approval has been sought for the development of an R&D SEZ on 1,000 acres of land near Bangalore. The Rs. 700 crore project - "Gandhi City" - has been mooted by a group of people from the IT industry and Private Equity firms.
Expansion plans running into hundreds of crores worth by four major companies - Essar, L&T, Kribhco and Shell - will hit Hazira over the next four years. Concerns over the availability of land to meet these expansion needs were voiced in official government meetings in May and it is not clear if it will be easy to meet the land acquisition needs of these companies.
Angad Paul, son of prominent NRI Lord Swraj Paul, is planning a new car accessories manufacturing unit near Sriperumbudur on a 125 acre site. The initiative would entail an investment of Rs. 300 crore and create employment for over 2,000 people. Angad Paul has held preliminary discussions with the TN government regarding this project.
Century Textiles and Industries is to set up a new textile mill in Jhagadia, Bharuch district of Gujarat as a greenfield venture. Investment of Rs. 600 crore for this project will help establish capacity of 30 million metres of fabric annually.
A Portuguese company, Gruppo Investor, has set up a 100% export subsidiary Calsea Footwear with a new factory in Kaveripakkam, Vellore District, near Chennai. The factory has a capacity of 4,500 pairs of shoes a day. Commercial production is expected to start in October.
JSW Steel is interested in setting up a 2000 MW power plant in Jharkhand, and a MOU with the state government would be signed according to the company's joint managing director B N Singh.
Meanwhile there has been good progress on the 10 million tonne steel plant to be set up by JSW Steel. The company has identified 9000 acres of land near Chandil as well as iron ore and coal deposits.
American auto giant General Motors is to locate its second plant in India in Maharashtra. The company is to sign an MOU with the Maharashtra Government soon. The plant is believed to be at the Talegaon Industrial Estate and MIDC has reserved a 300 acre site for GM. The location choice is based on the availability of skilled workforce in the Pune area and the existence of other auto and auto ancillary facilities in the region.
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ONGC has obtained environmental clearance from the ministry of environment and forests for a Rs. 500 crore methane-propane recovery plant in Dahej, Gujarat. The plant is to be completed in 2008 and Toyo Engineering has been awarded the EPC Contract.
Samsung Electronics is evaluating plans for a second manufacturing plant in India that may entail an investment of $150 million. The company is experiencing rapid growth in India with revenue targeted to cross $2 Billion by 2008. The southern states of Tamil Nadu and Andhra Pradesh are being considered as the location for the new plant.