special purpose vehicle

UP to develop hi-tech industrial township in Bulandshahr


September 7th, 2012 - 10:56 pm ICT by IANS
Lucknow, Sep 7 (IANS) The Uttar Pradesh State Industrial Development Corporation (UPSIDC) will develop an integrated industrial township at Chola in Bulandshahr district, around 70 km from the national capital, ... Read more...

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CAG unravels Rs.14,000 crore cost overruns in hydro projects


August 31st, 2012 - 8:46 pm ICT by IANS
New Delhi, Aug 31 (IANS) Delays in implementing 16 hydro power projects by four state-run generators, including NHPC, resulted in cost overruns of more than Rs.14,700 crore, India's official auditor said ... Read more...

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SPV formed for road project in Madhya Pradesh


August 17th, 2012 - 7:42 pm ICT by IANS
New Delhi, Aug 17 (IANS) The government Friday approved the formation of a special purpose vehicle (SPV) to execute the Lakhnadone-Ghansore road project in Madhya Pradesh.The project will be executed ... Read more...

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Himachal, Punjab sign pact on Naina Devi ropeway


July 26th, 2012 - 6:32 pm ICT by IANS
Shimla, July 26 (IANS) Himachal Pradesh and Punjab Thursday inked a pact here to link two pilgrimage centres with a 3.75-km ropeway.The Rs.85 crore ropeway would link Punjab's Anandpur Sahib ... Read more...

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Hindu and Sikh shrines on Punjab-HP border to be linked


July 18th, 2012 - 8:02 pm ICT by IANS
Chandigarh, July 18 (IANS) The Punjab cabinet Wednesday approved a Rs.100 crore ropeway project that will link the Sikh gurdwara of Keshgarh at Anandpur Sahib with the Hindu temple of ... Read more...

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Badal gives go-ahead to Ludhiana Metro project


July 17th, 2012 - 8:26 pm ICT by IANS
Chandigarh, July 17 (IANS) The Ludhiana Metro project will soon roll out after Punjab Chief Minister Parkash Singh Badal Tuesday gave a go-ahead to the Rs.10,300 crore mass transport scheme.According ... Read more...

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Dedicated zones to boost electronics manufacture


July 5th, 2012 - 5:44 am ICT by IANS
New Delhi, July 4 (IANS) The government will set up dedicated zones to boost manufacturing of electronics products in the country.The union cabinet Wednesday approved a proposal to offer financial ... Read more...

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Kochi Metro rail gets cabinet nod (Lead)


July 4th, 2012 - 5:45 pm ICT by IANS
New Delhi, July 4 (IANS) The cabinet Wednesday cleared the Rs.5,181.79 crore, 25.612 km Kochi Metro rail project to improve the public transport system in the southern city.The network ... Read more...

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Cabinet clears Kochi Metro rail


July 4th, 2012 - 4:50 pm ICT by IANS
New Delhi, July 4 (IANS) The cabinet Wednesday cleared a Rs.5,181.79 crore, 25.612 km Metro rail project to improve the public transport system in the southern city.The network will ... Read more...

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Ropeway to link Sikh, Hindu temple towns in Punjab, Himachal


June 28th, 2012 - 12:25 am ICT by IANS
Shimla, June 27 (IANS) The Himachal Pradesh government Wednesday approved a ropeway project that would link a prominent Hindu shrine in the state with a historic Sikh temple town in ... Read more...

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Ghilot, Tapukara now in Rajasthan’s industrialisation drive


June 14th, 2012 - 5:01 pm ICT by IANS
New Delhi, June 14 (IANS) Ghilot and Tapukara in Alwar district are Rajasthan's next focus areas for industrialisation, targeting an investment of more than Rs.15,000 crore and providing jobs to ... Read more...

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After Mumbai, Pune to get Metro


June 7th, 2012 - 1:07 pm ICT by IANS
Mumbai, June 7 (IANS) In a major breather for the five million people of Pune, the Maharashtra government has given the green signal for the state's second Metro rail project ... Read more...

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Policy to promote textiles in northeast suggested


May 21st, 2012 - 5:03 pm ICT by IANS
Aizawl/Agartala, May 21 (IANS) An experts panel of the union ministry of textiles has called for a separate policy for promotion and development of textiles and garment manufacturing for ... Read more...

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CESC acquires two hydroelectric projects


May 16th, 2012 - 10:29 pm ICT by IANS
Kolkata, May 16 (IANS) Power utility CESC Ltd, an RP-Sanjiv Goenka Group company, Wednesday said it had entered into an agreement to take over two hydroelectric power projects with an ... Read more...

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Gail, Tidco to set up a JV power plant in Tamil Nadu


May 11th, 2012 - 9:43 pm ICT by IANS
Chennai, May 11 (IANS) The Gas Authority of India Ltd (Gail) and the Tamil Nadu Industrial Development Corporation Ltd (Tidco) would jointly promote a special purpose vehicle to set up ... Read more...

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TVS group acquires Britain-based firm


March 27th, 2012 - 8:59 pm ICT by IANS
Chennai, March 27 (IANS) Chennai-based $6.6 billion auto component group TVS will use the recently acquired Universal Components' marketing expertise and best practices in India and other Asian markets.Announcing the ... Read more...

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Railways to set up firms to develop stations (Lead)


March 14th, 2012 - 5:36 pm ICT by IANS
New Delhi, March 14 (IANS) The responsibility of developing and maintaining thousands of railway stations and goods sheds across India will be entrusted to two new companies under the public ... Read more...

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Railway budget highlights 5


March 14th, 2012 - 2:26 pm ICT by IANS
* Capacity augmentation to get Rs.4,410 crore during 2012-13.* Eighty-five new line projects to be taken up during 2012-13.* One hundred and fourteen new line surveys to be undertaken during 2012-13.* ... Read more...

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Railway budget highlights 4


March 14th, 2012 - 2:17 pm ICT by IANS
* Focus during next five years on five areas: tracks, bridges, signalling, rolling stock and stations.* Signalling to be improved over 19,000 km.* Investment of Rs.1.70 lakh crore on rolling stock ... Read more...

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Railway budget highlights 3


March 14th, 2012 - 2:08 pm ICT by IANS
* Outlay of Rs.60,100 crore during 2012-13, the highest ever.* Railways will require Rs.14 lakh crore in the next 10 years for modernisation.* Aim to bring down operating ratio from 90 ... Read more...

Posted in Uncategorized |

Railway budget highlights 2


March 14th, 2012 - 1:56 pm ICT by IANS
* Railways to invest Rs.7.35 lakh crore during 12th Five Year Plan period (2012-17), a quantum jump from the Rs.1.92 lakh crore invested in previous plan period.* Railways must attract 10 ... Read more...

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Railway budget highlights


March 14th, 2012 - 1:47 pm ICT by IANS
New Delhi, March 14 (IANS) The following are the highlights of the railway budget for 2012-13 presented in parliament Wednesday by Railway Minister Dinesh Trivedi:* Stress on strengthening safety. Has ... Read more...

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Tunnelling work of Kolkata’s East-West Metro inaugurated


February 26th, 2012 - 1:11 am ICT by IANS
Kolkata, Feb 25 (IANS) The tunneling work of the Rs.4,874 crore East-West Metro Corridor Project, linking the IT hub in Salt Lake with Howrah across the Hooghly river, was ... Read more...

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Railways plan to modernise stations with SPV


February 1st, 2012 - 11:55 pm ICT by IANS
New Delhi, Feb 1 (IANS) In order to pursue its four year old ambitious plan to create world class stations, the Indian Railways Wednesday announced the creation of a dedicated ... Read more...

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Bhilwara Energy ties up Rs.663 crore for Nepal power plant


January 11th, 2012 - 9:11 pm ICT by IANS
New Delhi, Jan 11 (IANS) Bhilwara Energy, flagship entity of LNJ Bhilwara, Wednesday said it had tied up Rs.663 crore in bank loans for its 120 MW hydro-electric project in ... Read more...

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Central government unable to supervise all metro rail projects


December 7th, 2011 - 6:46 pm ICT by IANS
New Delhi, Dec 7 (IANS) It was impossible for the central government to supervise the construction of metro rail projects in small cities, parliament was told Wednesday. "Neither it is ... Read more...

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Telecom service cadre asks government for ‘apt’ jobs


November 23rd, 2011 - 5:40 pm ICT by IANS
New Delhi, Nov 23 (IANS) Officers of a specialised telecom service cadre Wednesday alleged that the government was not utilising their high-tech skills and "many of them are just sitting ... Read more...

Posted in Sci-Tech |

Railways to set up new body to improve stations


November 11th, 2011 - 9:47 pm ICT by IANS
New Delhi, Nov 11 (IANS) Indian Railways said Friday it will set up a separate Railway Stations Development Corporation to improve passenger facilities."A need was being felt to have a ... Read more...

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Tripura to get northeast’s first textile park


October 30th, 2011 - 5:00 pm ICT by IANS
Agartala, Oct 30 (IANS) Northeastern India's first textile park will be set up in Tripura, a minister said here Sunday."The proposed park in Tripura is part of the 21 new ... Read more...

Posted in Business |

Highlights of manufacturing policy


October 30th, 2011 - 2:36 pm ICT by IANS
Salient features of the first national manufacturing policy: -- Creation of 100 million additional jobs in the next 10 years. -- Increasing the share of manufacturing in GDP to 25 percent by 2022 ... Read more...

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Bengal favours credit cards for MSMEs


September 14th, 2011 - 5:37 pm ICT by IANS
Kolkata, Sep 14 (IANS) The West Bengal government is mulling the introduction of credit cards on the lines of the Kisan Credit Card (KCC) for micro, small and medium enterprises ... Read more...

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Starwood plans more Aloft hotels in India


September 11th, 2011 - 9:16 pm ICT by IANS
Coimbatore (Tamil Nadu), Sep 11 (IANS) Global hospitality major Starwood Hotels and Resorts Worldwide plans to add more hotels under its brand Aloft in India, a company official said Sunday."We ... Read more...

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Cabinet note on VSNL land issue to be sent to cabinet soon: Sibal


August 29th, 2011 - 4:16 pm ICT by IANS
New Delhi, Aug 29 (IANS) Communications Minister Kapil Sibal Monday said a cabinet note on selling surplus land that was earlier with the state-run enterprise VSNL has been prepared and ... Read more...

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GMR Energy to acquire 30 percent stake in Indonesian firm


August 12th, 2011 - 2:03 pm ICT by IANS
New Delhi, Aug 12 (IANS) GMR Energy Limited Friday said it would acquire 30 percent stake in Indonesian firm PT Golden Energy Mines Tbk (GEMS) for $550 million, a move ... Read more...

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National Optical Fiber network to be set up: Sibal


July 22nd, 2011 - 10:38 pm ICT by IANS
New Delhi, July 22 (IANS) Communications Minister Kapil Sibal Friday said the telecom commission has recommended creating a National Optical Fiber Network (NOFN) to provide broadband connectivity to panchayats."The objective ... Read more...

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