Shristi Infra to invest Rs.2,000 crore in three states
May 12th, 2010 - 5:28 pm ICT by IANSKolkata, May 12 (IANS) Shristi Infrastructure Development Corporation said Wednesday it would invest Rs.2,000 crore over the next three years in seven smaller cities in three states.
The money would be used to build integrated townships, healthcare facilities, hospitality and sports facilities, retail malls, logistics hubs and commercial and residential complexes in West Bengal, Tripura and Rajasthan, company director Hemant Kanoria told media persons here.
In West Bengal, the company - through its special purpose vehicle Bengal Shristi Infrastructure Development Ltd set up in joint venture with Asansol Durgapur Development Authority (ADDA) - was working in Asansol, Durgapur and Raniganj towns of Burdwan district.
Besides, it is constructing an international sports city at Haldia in East Midnapore district and a condominium in Krishnanagar of Nadia district.
For these projects, the company would make a fresh investment of Rs.1,500 crore in the state.
The company is also coming up with a mall and hospitality project spread over 8.5 acres in Udaipur, Rajasthan, by injecting Rs.500 crore.
In Tripura, the company would complete a shopping complex by investing Rs 25 crore.
Besides these projects, the company has floated another joint venture, Kanchan Janga Integrated Infrastructure Development Private Ltd in partnership with the West Bengal Industrial Infrastructure Development Corporation, to develop an integrated industrial hub in Siliguri.
The hub will comprise an industrial zone, IT Park, healthcare and educational facilities, residential complexes, commercial centres and sports and recreational activities spread over 124.5 acres.
- Shristi Infra to launch integrated park in Siliguri - Jul 16, 2010
- Maruti plans Rs.80 crore logistic hub in Bengal - Jan 13, 2012
- First phase of Bengal Aerotropolis by end-2012 - Jan 11, 2012
- World-class Sports City to come up near Hyderabad (Lead) - Jan 13, 2012
- P&H; Joy to invest $25mn in Bengal mining equipment unit - Jan 11, 2012
- Mamata government receives Rs.80,000 crore investment proposals - Mar 15, 2012
- Andhra inks MoUs for Rs.6.5 lakh crore investment (Lead) - Jan 13, 2012
- SAIL investing Rs.20,000 crore for modernising Bengal units - Sep 10, 2011
- Bhubaneswar to get world-class bus terminus - Apr 02, 2011
- BEML targeting African, Southeast Asian markets - Jan 30, 2012
- Changi Airports to invest $20 mn in West Bengal airport city - Jul 16, 2009
- Birla Corp eyes 3 percent rise in cement sales - Oct 24, 2011
- Lepakshi forms joint venture for electronic city - Jan 13, 2012
- Rs.2,100 crore sanctioned for textiles parks - Oct 27, 2011
- Work on Durgapur airport to begin in April - Jan 21, 2010
Tags: company director, crore, development ltd, haldia, hospitality project, industrial hub, industrial infrastructure, industrial zone, infrastructure development, krishnanagar, media persons, midnapore district, residential complexes, retail malls, shopping complex, special purpose vehicle, sports and recreational activities, sports city, three states, west bengal