Main || West Bengal

January 22, 2008

Cosmos, The Siliguri Megamall Ushers In Lifestyle Change for Siliguri | INRnews

Siliguri, India,  January 22, 2008 - Future Group has announced the launch of ‘Cosmos, The Siliguri Megamall’ at 2nd Mile, Sevoke Road, opp. Electricity Board Office, Siliguri – 73400. Spread over an area of about 3 ½ lakh sq.ft., Cosmos Megamall caters to a wide spectrum of consumer needs, through a number of value and lifestyle stores (for apparel, electronics, home décor, accessories, footwear, etc), hyper markets, food court, restaurant & bar, gaming zone, wellness centre and a gymnasium. The mall houses over 75 retail stores including popular national chains of the Future Group, such as Big Bazaar (hyper market), Pantaloons (lifestyle apparel and accessories), Food Bazaar (food hypermarket), eZone (consumer durables and electronics store), Collection i (lifestyle furniture and furnishings), Depot (books, music and gifts store), Shoe Factory (foot wear store), Star & Sitara (beauty parlour), Talwalkar Fit & Active(gymnasium), etc.

| Comments (0)

January 21, 2008

BOA of SEZs grants 11 formal and 1 in-principle approvals | INRnews

New Delhi, India, January 21, 2008 - The Board of Approval of the Special Economic Zones (SEZs) met here today to consider proposals for setting up of Special Economic Zones and also approve other miscellaneous requests pertaining to SEZs.  In this meeting, 19 proposals for setting up SEZs, including 2 proposals for conversion of in-principle approvals to formal approvals were considered.  The Board recommended grant of 11 Formal approvals (including 2 requests for conversion of In-Principle Approvals to Formal Approvals) and 1 In-principle approval of a Multiproduct SEZ by Reliance Haryana SEZ Limited in Jhajjar District, Haryana.

| Comments (1)

November 20, 2007

Kolkata based real estate developer Merlin Group to invest Rs 2,000 crore in the state | INRnews

Kolkata, India, November 20, 2007 - Kolkata-based real estate developer  Merlin Group is to invest around Rs 2,000 crore by 2010 to create industrial infrastructure, commercial and residential real estate projects in West Bengal.

| Comments (0)

November 14, 2007

Improvement of container traffic at Kolkata and Haldia Ports | INRnews

Kolkata, India, November 14, 2007 - The high powered committee constituted by the Shipping Ministry to look into the problems associated with the container traffic at Kolkata and Haldia has submitted its report to the Minister for Shipping, Road Transportation and Highways, Thiru T. R. Baalu, here today. The committee has suggested both short term and long term recommendations to cope with the likely growth in container traffic at both these ports. The Report was presented by the Chairman of the Committee Capt. P V K Mohan to Thiru Baalu.

| Comments (0)

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).

| Comments (0)

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.

| Comments (0)

September 26, 2007

DLF announces second IT Park in Rajarhat, Kolkata | INRnews

Kolkata, India, September 26, 2007 - DLF Ltd has announced its second IT Park in Kolkata. The Company is developing this state of the art, world-class facility on 25 acres of land offering 2.5 million sq.ft. of IT/ITES workspace.

| Comments (0)

September 22, 2007

150 acres of mill land sold in Kolkata | INRnews

Kolkata, India, September 22, 2007 - In a move welcomed by the real estate industry, ailing public sector firm National Textile Corporation (NTC) has sold 150 acres of mill land in Kolkata for residential and commercial real estate redevelopment.

| Comments (0)

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.

| Comments (0)

Tulip IT Services bags West Bengal State Wide Area Network project worth Rs 53 Crores | INRnews

Kolkata, India, September 19, 2007 - Tulip IT Services Ltd on September 19, 2007 has announced that it has been awarded the West Bengal State Wide Area Network Project. The network will be established on the Build Own Operate & Transfer (BOOT) model and the total value of the current component of the bid, that has been awarded to the Company, is in excess of Rs 53 Crores. The Company's Services will deploy, manage and operate the entire network for a period of five years.

| Comments (0)

September 13, 2007

DLF to invest Rs 100,000 crore in Bengal real estate projects | INRnews

Kolkata, India, September 13, 2007 - Indian Real Estate major DLF Ltd plans to invest over Rs 100,000 crore in West Bengal over the next seven years. This was stated by Mr. AS Minocha of DLF Commercial Developers Ltd in a press interview.

| Comments (0)

August 22, 2007

Real estate major DLF bags Durgapur Township Project | INRnews

Durgapur, India, August 22, 2007 - DLF Ltd has announced that the Company has clinched the deal to develop an integrated town ship on 95 acres at Durgapur in the heart of the city. The public-private participation (PPP) project envisaged by the Asansol Durgapur Development Authority (ADDA), is expected to invite investment up to Rs 4,000 crore and is to be completed in four years.

| Comments (1)

August 14, 2007

Durgapur township to be developed by DLF | INRnews

Durgapur, India, August 14, 2007 - Real estate major DLF Ltd is to develop a 95-acre township on a prime land parcel at City Centre in Durgapur, West Bengal.

| Comments (0)

August 10, 2007

Infosys IT SEZ amongst 6 approvals granted | INRnews

New Delhi, India, August 10, 2007 - The Board of Approval of the Special Economic Zones (SEZs) met on August 8 to consider proposals for setting up of Special Economic Zones and also approve other miscellaneous requests pertaining to SEZs.  In this meeting, 8 applications for setting up SEZs, including 3 proposals for conversion of in-principle approvals to formal approvals were considered.  The Board recommended grant of 4 Formal approvals, including two IT/ITES SEZ by Infosys, and 2 In-principle approvals.

| Comments (0)

July 26, 2007

Big Bazaar hypermarket opened in Darjeeling | INRNews

Darjeeling, India, July 26, 2007 | Pantaloon Retail (India) Limited, a part of the Future Group, today announced its entry in the Queen Of Hills – Darjeeling with the opening of country’s largest chain of hypermarket store – BIG BAZAAR.

| Comments (0)

July 19, 2007

Panoramic Universal to launch four hotels in India by 2009 | INRnews

Mumbai, India, July 19, 2007 - Panoramic Universal Limited, a mid-segment global hospitality player, plans to introduce four hotels in Thane, Durgapur, Hyderabad and Pune by 2009. The India-based group has hotels in India, US and New Zealand and is in the process of doubling its existing portfolio of 900 rooms over the next three years.

| Comments (3)

June 22, 2007

Formal approval granted to 36 SEZs; in principle approval to 9 | INRnews

New Delhi, India, June 22, 2007 - The Board of Approval (BOA) of the Special Economic Zones (SEZs) met here today to consider proposals for setting up of Special Economic Zones and also approve other miscellaneous requests pertaining to SEZs. In this meeting, 53 applications for setting up SEZs were considered and 36 Formal approvals and 9 In-principle approvals were granted.

| Comments (3)

June 19, 2007

RDB Industries wins building contracts | INRnews

Mumbai, India, June 19, 2007 - RDB Industries Ltd has announced that the Company has bagged contracts / assignments by winning tenders for building residential complexes in Kolkata, Burdwan and Guwahati.

| Comments (0)

March 02, 2007

Land acquisition underway for IT firms in Rajarhat, Kolkata | INRnews

Kolkata, India, March 02, 2007 - The West Bengal Industrial Development Corporation has started acquiring land in the Rajarhat area for IT companies like Infosys, TCS and Wipro.

| Comments (0)

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.

| Comments (1)

February 23, 2007

Cabinet approves Salim Group township and infrastructure venture | INRnews

New Delhi, India, February 23, 2007 - The Union Cabinet has approved Indonesia-based Salim Group's proposal for a $500 million investment in development projects in West Bengal. The company is looking at developing integrated infrastructure including townships, housing, SEZ, and industrial parks.

| Comments (0)

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.

| Comments (1)

January 03, 2007

Government forms company for land acquisition in West Bengal | INRnews

Kolkata, January 03, 2006 - The West Bengal government has floated a company 'West Bengal Land Holdings' to acquire acres of land required for industrial projects and SEZs in the state.

| Comments (4)

December 15, 2006

Panoramic to set up hotels in West Bengal | INRnews

Kolkata, December 15, 2006 - The Panoramic Group with interests in hotels in the USA and New Zealand is seeking land in West Bengal for hotel projects.

| Comments (0)

Unitech Corporate Parks raises £360m on London's AIM for Indian real estate investments | INRnews

Mumbai, December 15, 2006 - Unitech Corporate Parks Plc (UCP), which is associated with real estate developer Unitech Limited, has raised £360 million (Rs 3,156 crore) through an initial public offer on the London Stock Exchange’s Alternative Investment Market (AIM).

| Comments (0)

December 11, 2006

Kolkata - State to provide flats for 200 minority families | INRnews

Kolkata, December 11 - The West Bengal Minorities Development and Finance Corporation (WBMDFC), a statutory corporation under the Minorities Development and Welfare and Madrasa Education Department of the state government is to offer about 200 flats betweeen 750 to 1,000 sq.ft in Rajarhat New Town to minority community families.

| Comments (2)

November 01, 2006

22 new industrial estates to come up in West Bengal | INRnews

Kolkata, November 01, 2006 - Sri Manab Mukherjee, minister for Cottege and Small Scale Industries today announsed that in accordance with Government policy of attracting private participation in small and meduim sector, the State Government will set up 15 Industrial Estates under PPP model. These Estates will come up in Howrah, Rajarhat, Siliguri, Raiganj, Raichak, Salt Lake, Kasba, Berhampore Panjipara.

| Comments (0)

September 22, 2006

West Bengal to offer land to CPRI for laboratory

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.

| Comments (0)

September 15, 2006

Road improvement works sanctioned in 6 states

New Delhi, September 15, 2006 :  The Union Minister of Shipping, Road Transport and Highways, Thiru T.R. Baalu has approved road improvement works in Gujarat, Chattisgarh, West Bengal, Punjab, Harayana and Maharashtra.

| Comments (0)

September 12, 2006

West Bengal struggles to find land for IT infrastructure

West Bengal appears to be facing a shortage of available land for the many companies wanting to set up IT campuses and InfoTech parks in the state. Amongst others, TCS is reported to be seeking 50-acres, Satyam 25 acres and also Ascendas and Infosys have been scouting around for land in West Bengal.

| Comments (1)

September 07, 2006

Hindustan Motors land sale approved by West Bengal govt

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.

| Comments (1)

September 06, 2006

Apparel Park to come up on 13 acres of land in North 24 Parganas, West Bengal

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.

| Comments (1)

August 29, 2006

30-acre biotech park in Baruipur, West Bengal

A biotechnology park, the first of its kind in West Bengal, will be set up in Baruipur, Kolkata. To be called the Kolkata Biotech Park, it will be a joint venture with the University of Calcutta and the Strategic Global Management (India) Private Limited, affiliated to the KPC Group.

| Comments (2)

August 26, 2006

West Bengal - Hindustan Motors to build 314-acre integrated township near Uttarpara plant

The grandfather of India's automobile industry, Hindustan Motors, now a CK Birla group company, is going into real estate development. It has won govt approval for the development of 314 acres of land near its Uttarpara plant as an integrated township.

| Comments (0)

August 19, 2006

West Bengal to provide free land for plastics industry

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.

| Comments (0)

August 10, 2006

West Bengal Govt. to complete land acquisition for Tata Motors

The West Bengal Govt. is to complete the acquisition of around 1,000 acres of land for Tata Motors by October. The land, located at Singur, near Hooghly district, is earmarked for the company's small car manufacturing facility.

| Comments (0)

August 01, 2006

West Bengal government inks infrastructure deal with Salim group led consortium

The West Bengal government has signed an agreement with a Salim group led consortium for setting up mega infrastructure projects in the state. The agreement was signed between the state government, WBIDC, and the New Kolkata International Development Pvt Ltd - a SPV promoted by Indonesian Salim group together with the Universal Success group and Unitech.

| Comments (0)

July 31, 2006

Hindustan Motors considers real estate development in West Bengal

Hindustan Motors Chairman, Mr C K Birla, has said that the company has sought permission from the West Bengal government to allow use of 314 acres of land at its Uttarpara plant for real estate development. The company is considering development of IT and auto components parks. Mr Birla made his comments soon after the company's AGM.

| Comments (0)

Stamp Duty in West Bengal revised | INRnews

July 31, 2006 - The West Bengal State Govt. has reduced the rate of stamp duty from 8% to 6% in Kolkata and Howrah areas, from 8% to 6% in urban areas and from 6% to 5% in rural areas with effect from 1st August, 2006.

| Comments (0)

July 28, 2006

New SEZ planned near Haldia, West Bengal and in Gopalpur, Orissa

A new ship building facility & SEZ is proposed to be built of 1,500 acres of land near Haldia in West Bengal. Mr. P.K. Ruia the promoter is seeking an allocation of 1,500 acres of land from the government for this purpose. The project entails an investment of Rs. 1,000 crore.

In the meantime, Tata Steel has proposed an SEZ on 3,000 acres of land in Gopalpur, Orissa. The focus of the SEZ woiuld be metal manufacturing and ancillary development. The  project is expected to cost Rs. 8,000 crore.

| Comments (0)

June 22, 2006

Reliance to invest Rs.4,000 crore in West Bengal | INRnews

Kolkata, June 22, 2006 - Mukesh Ambani, Chairman Reliance Industries Limited (RIL) announced on 21.06.2006 at Writers' Buildings that his company will invest nearly Rs.4,000 crore in two projects in West Bengal. One of these two projects will comprise agri-hubs and a retailing chain across the State, the other will keep it supplied with piped natural gas from the Krishna-Godavari Coast and the Orissa Coast.

| Comments (0)

Subscribe to Atom feed
[What is this?]

Add to My Yahoo!
Subscribe to RSS feed