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March 31, 2008

M&M signs MoU with Govt of Maharashtra to invest Rs 1500cr in greenfield project | INRnews

Mumbai, India, March 31, 2008 - Mahindra & Mahindra, the leading Indian multinational, reputed for its association with the Indian automotive industry for 62 years, today signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to further boost their investment at its upcoming Chakan Greenfield project.

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Tata Motors signs MoU with Govt of Maharashtra for Pune expansion | INRnews

Pune, India, March 31, 2008 - Tata Motors and the Government of Maharashtra today announced the signing of a Memorandum of Understanding (MoU) which will facilitate the proposed expansion of manufacturing plants and setting up vehicle testing facilities in Pune.

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March 24, 2008

Nagarjuna Construction & Maytas Infra partner with Paschal-Werk G. Maier GmbH, Germany to establish a state-of-the-art Formwork Factory in Vizag | INRnews

Visakhapatnam, India, March 24, 2008 - Nagarjuna Construction Company Ltd has announced that the Company and Maytas Infra Ltd, two of India's leading Construction and Infrastructure Companies, on March 24, 2008 announced that they have together entered into a partnership with Paschal-Werk G.Maier GmbH, which is one of the World's leading Formwork (shuttering) Companies from Germany, to establish a factory in Vizag which will manufacture Formwork (Modular Shuttering Systems).

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March 11, 2008

Goldstone Infratech enters solar energy sector | INRnews

Hyderabad, India, March 11, 2008 - Continuing its expansion into high-growth sectors, Goldstone Infratech Limited (BSE: 533439; NSE: GOLDINFRA), formerly Goldstone Teleservices Limited, today announced that it was foraying into the renewal energy space by setting up a five MW solar power plant and a production facility to manufacture photo voltaic modules for solar power generation.

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February 22, 2008

Bhiwadi industrial cluster attracts 3 brand new project | INRnews

Bhiwadi, India, February 22, 2008 - Smt. Vasundhara Raje, Hon’ble Chief Minister, Government of Rajasthan, today laid the foundation stone for setting up an IT / ITES SEZ by Somani Worsted Limited and manufacturing facilities of Jaquar Limited and Orient Craft Limited in Bhiwadi, Rajasthan. Dr. Digamber Singh, Hon’ble Minister of Industries, Rajasthan, also graced the occasion. The establishment of these projects is in sync with the vision of the recent Resurgent Rajasthan Partnership Summit and will give a boost to the rapid industrialization in the state.

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January 03, 2008

Parsvnath Developers to set up Pharma SEZ in Nanded, Maharashtra | INRnews

New Delhi, India, January 03, 2007 Parsvnath Developers Ltd has announced that in pursuance to development of SEZs, Parsvnath SEZ Ltd (PSL), a subsidiary of the Company, will develop a Pharmaceutical Special Economic Zone (SEZ) at Nanded in Maharashtra. The Company has received LoI from Maharashtra Industrial Development Corporation (MIDC), a Maharashtra Govt. Undertaking for development of Pharma SEZ project in krushnoor Industrial Area of Nanded which is in close proximity to the SH-6 connecting Nanded and Secunderabad.

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November 19, 2007

Dow India establishing Global R&D Centre in Chakan, Pune | INRnews

Pune, India, November 19, 2007 - Dow India has signed an MOU with the Government of Maharashtra to set up a Global R&D centre at Chakan, Pune.The Centre is expected to be operational by 2008 and will employ 500 researchers by 2010.  Initial project related activities are underway on the 100 acre land allotted to the Company by MIDC and more than 125 researchers are already employed and providing their talented skills and capabilities, operating in a rented facility.

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November 17, 2007

India poised to emerge as manufacturing hub for ECE | INRnews

Bangalore, India, November 17, 2007 - India is poised to emerge as a global manufacturing hub for Earthmoving and Construction Equipment industry and a centre for design and R & D for ECE Industry.   This was reverberated during EXCON 2007 Conference on opportunities and challenges in the ECE Industry organized by the Confederation of Indian Industry (CII) in association with the Indian Earthmoving & Construction Equipment Association Ltd (IECIAL).

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November 05, 2007

Eredene Capital PLC in JV to develop a 72-acre logistics park in Haldia | INRnews

London, UK, November 05, 2007 - Eredene Capital PLC (AIM: ERE), the AIM quoted Indian property developer, today announces that its wholly owned subsidiary Aboyne Mauritius Limited (together “the Eredene Group”) has acquired a 50% stake in a joint venture company to develop a planned 72-acre integrated logistics park in Haldia, West Bengal, which is a growing trading port and commercial hub for the East Indian city of Kolkata (formerly Calcutta).

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November 01, 2007

CII welcomes TN's proposal for Chennai-Bangalore industrial corridor | INRnews

Chennai, India, November 01, 2007 - Confederation of Indian Industry (CII), Tamil Nadu State Council has welcomed today Tamil Nadu Chief Minister,  Dr Kalaignar M Karunanidhi’s proposal to the Prime Minister to announce the development of the Chennai-Bangalore industrial corridor as an Industrial Corridor of Excellence on the lines of the Delhi-Mumbai industrial corridor.

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October 19, 2007

BOA of SEZ grants 10 formal and 3 in-principle approvals | INRnews

New Delhi, India, October 19, 2007 - The Board of Approval of the Special Economic Zones (SEZs) has recommended grant of 10 formal and 3 in-principle approvals here today.   The Chairman of the Board, while informing the members stated that including the latest SEZ approvals a total of 395 SEZs formal approvals have been granted. He further informed that out of these, 156 SEZs have been notified and investment of Rs.50,906 crore has taken place  in these notified SEZs providing direct employment to over 72168 persons.

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September 22, 2007

SAIL to develop steel SEZ in Salem, Tamil Nadu | INRnews

Chennai, India, September 21, 2007 - Steel major SAIL has signed a Memorandum of Understanding (MoU) with IL&FS Infrastructure Development Corporation (IIDC) to form a special purpose vehicle (SPV) to develop, operate and maintain a special economic zone (SEZ) dedicated to the steel sector.on 250 acres near SAIL’s Salem, Tamil Nadu plant.

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September 19, 2007

McNally Bharat allotted 25 acres of land in Asansol for manufacturing facility | INRnews

Kolkata, India, September 19, 2007 - McNally Bharat Engineering Company Ltd has announced that Asansol Durgapur Development Authority (a statutory body of the Government of West Bengal) has allotted the Company 25 acres of Industrial Land in the industrial area on National Highway 2 in Asansol for setting up Heavy Engineering Equipment manufacturing facility.

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September 17, 2007

Moser Baer to set up Rs 2000 crore plant at Sriperumbudur SIPCOT SEZ | INRnews

Chennai, India, September 17, 2007 - Optical disc manufacturer Moser Baer India will set up a Rs 2000 crore solar photo voltaic plant at Oragadam-Sriperumbudur SIPCOT SEZ  near Chennai. The plant will come up on a 125 acre site in 2009. In the first phase the company will set up a “single thin film” solar fabrication facility.

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September 06, 2007

Tayo Rolls - Bhoomi Pujan Ceremony in Jharkhand | INRnews

Mumbai, India, September 06, 2007 - Tayo Rolls Ltd has announced that the Company and Yodogawa Steel Works Ltd & Nissho Iwai Corporation (since merged with Sojitz Corporation), Japan, having established itself as a leading Cast Iron and Steel Roll manufacturer, now enters into Engineering Forging and Forged Roll segment.

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September 03, 2007

Triumph Int'l sets up mfg unit in India, near Chennai | INRnews

Mumbai, India, September 03, 2007 - Triumph International, the world's largest manufacturer of women's innerwear is setting up its own manufacturing unit in India which is said to be one of the largest manufacturing units in the country, with an area of 5, 60,000 sq ft area at Maraimalai Nagar, near Chennai.

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August 30, 2007

SAIL to set up greenfield steel plants in Jharkhand and chhatisgarh | INRnews

New Delhi, India, August 30, 2007 - Steel Authority of India Ltd. (SAIL) has planned to set up two greenfield plants, one each in the States of Jharkhand and Chattisgarh.  The plant in Jharkhand, envisages to achieve a capacity of 6 million tonne per annum by 2012-13 and 12 million tonne per annum by 2019-20.  The plant in Chattisgarh also envisages to have a capacity of 4 million tonne per annum and would be joint venture with RINL and NMDC.

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August 24, 2007

Nokia CEO opens healthcare center in Sriperumbudur SEZ in Chennai | INRnews

Chennai, India, August 24, 2007 - Mr. Olli-Pekka Kallasvuo, President and CEO, Nokia Corporation, the world leader in mobile communications, today laid the foundation stone of a state-of-the-art healthcare centre at the Nokia Telecom SEZ Park in Sriperumbudur, Chennai. Also present on the occasion were Mr. David Cheung, Vice President & Operations & Logistics, Nokia Asia Pacific, Mr. Sachin Saxena, Director, Operations, Nokia India and Mr. D Shivakumar, Vice President & Country General Manager, Nokia India.

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August 21, 2007

NISSIN to set up manufacturing facility at Neemrana in Rajasthan | INRnews

Mumbai, India, August 21, 2007 - NISSIN Brakes India Pvt Ltd., today announced setting up a manufacturing facility for production and development of disc brakes (front and rear) for two & four wheeled vehicles with support from Rajasthan State Industrial Development & Investment Corporation (RIICO) at Neemrana – Phase III, Rajasthan. The ‘ground breaking ceremony’ (Bhoomi Poojan) of NISSIN Brakes India Pvt Ltd., was performed today.

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NISSIN to set up manufacturing facility at Neemrana in Rajasthan | INRnews

Mumbai, India, August 21, 2007 - NISSIN Brakes India Pvt Ltd., today announced setting up a manufacturing facility for production and development of disc brakes (front and rear) for two & four wheeled vehicles with support from Rajasthan State Industrial Development & Investment Corporation (RIICO) at Neemrana – Phase III, Rajasthan. The ‘ground breaking ceremony’ (Bhoomi Poojan) of NISSIN Brakes India Pvt Ltd., was performed today.

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August 09, 2007

Haier launches first refrigerator & R&D facility in India | INRnews

Pune, India, August 09, 2007 - Haier, the largest manufacturer of refrigerators worldwide*, today announced the launch of its first manufacturing facility in India as part of the company's plans to expand operations in the country. The new manufacturing facility is located at Ranjangoan in Pune district of Maharashtra.

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April 13, 2007

Bajaj Auto Commissions New Plant at Pantnagar, Uttarakhand | INRnews

Pantnagar, India, April 13, 2007 - Bajaj Auto Ltd has announced that on April 09, 2007, the Company has inaugurated its Greenfield Plant with a planned capacity of one million motorcycles per annum at Pantnagar, Uttarakhand. Built on a total area of 65 acres with the balance 155 acres allocated to the vendor cluster, the Pantnagar facility would be the Company's fourth Plant & first Plant outside Maharashtra. The unit has a plant area of 40,000 sq mtr and will employ 600 line engineers who have been trained at Chakan for 3 months.

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February 27, 2007

Hindustan Motors to develop IT Township and Auto Park in West Bengal | INRnews

Kolkata, February 27, 2007 - Auto maker Hindustan Motors Ltd has announced that the Company has finalised an arrangement with Bangalore-based Shriram Properties Ltd, for the development of 'An integrated IT Township and Auto Park' in 314 acres of Land specifically identified for this purpose and in accordance with the conditions laid down by the West Bengal Government in its approval order dated September 13, 2006.

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February 20, 2007

Real estate major DLF to build Dankuni township in West Bengal | INRnews

Kolkata, India, February 20, 2007 - Real estate major DLF has entered into an agreement with the Kolkata Metropolitan Development Authority (KMDA) to build a new township in Dankuni, Hooghly district, West Bengal with an investment of Rs.33,000 crore. This would make the Dankuni township the largest public-private-partnership (PPP) project in the country.

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February 08, 2007

1,000 acre Aerospace SEZ to come up in Karnataka | INRnews

Bangalore, India, February 8, 2007 - Karnataka Chief Minister, Mr H.D. Kumaraswamy, has announced that the Karnataka Government is looking to set up a 1,000 acre Aerospace SEZ in the State.

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January 18, 2007

Sobha Developers awarded Uttaranchal contract worth Rs 15 crore | INRnews

Mumbai, January 18, 2007 - Sobha Developers Limited has announced that the company has received a Letter of Indent (LOI) from Gold Plus Glass Industry Ltd, for the design & execution work at Roorkee (Uttaranchal). The scope of work comprises of its design and execution of Pre-Engineered Building (PEB) and Structural Steel Works. This will be executed by Sobha's Glazing & Metal Division. The total value of the work is about Rs. 15 crore. Gold Plus Glass Industry ltd is a new corporate client added to Sobha's existing contractual client base.

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December 26, 2006

Sobha Developers to construct DELL manufacturing plant in Sriperumbudur, Chennai | INRnews

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.

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November 24, 2006

Food Processing Ministry Moves Proposal To Create FTP On SEZs Lines | INRnews

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.

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November 22, 2006

Land allotted to pharma companies for SEZ in Andhra Pradesh | INRnews

Hyderabad, November 22, 2006 : Two pharamceutical companies, Aurobindo Pharma and Hetero Drugs have been allotted 75 acres of land each to be the anchor tenants of a proposed formulations SEZ at Jadcherla in Mahbubnagar district of Andhra Pradesh.  The two companies will invest Rs. 200 crores to set up export oriented facilities with an employment potential of 2,000.

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November 20, 2006

Govt. To Set Up `Medical Parks’ To Make Health Equipment | INRnews

New Delhi, November 20, 2006 : The Union Health Ministry has mooted a proposal to set up a series of `Medical Parks’ all over the country to enable domestic health industry to manufacture health equipment at large scale, according to Union Health Minister, Mr. Anbumani Ramadoss.

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