Archive for the ‘Vibrant Gujarat Summit’ Category:
Mahindra to invest Rs 3,000 cr: Vibrant Gujarat 2011
Farm equipment-to-software group Mahindra & Mahindra on Wednesday said it will invest Rs 3000 crore in Gujarat to step up presence in the hospitality and real estate sectors in the state. “Our group companies have signed six MoUs with the Gujarat government totaling an investment of Rs 3000 crore,” Mahindra & Mahindra Vice-Chairman and Managing Director Anand Mahindra said here at the 5th Global Summit of Vibrant Gujarat. He, however, did not specify the time frame for these investments.
Mahindra Lifespaces , the real estate development arm of USD 7.1 billion Mahindra Group , has signed two MoUs with the state government. “Mahindra World City is developing a real estate project spread across 500 acres of land,” he said.
Another group company, Mahindra Holiday & Resorts , that runs the Club Mahindra resorts, will open seven new resorts in the state, Mahindra said, adding “all these new projects will create a lot of new jobs”. Moreover, investments will also be made on solid waste management and domestic waste management projects, he added.
Acknowledging that the investment by M&M is much less compared to those announced by other corporates during the summit here, Mahindra said “but we are doing it with passion”. “Mr Modi I hope you are not angry now as you have been saying that we do not make investments in the state,” he quipped.
Anil Ambani’s Reliance commits Rs 50,000 crore investment in Gujarat
Anil Ambani today said his Reliance Group will invest Rs 50,000 crore in Gujarat in the next 5—7 years on various projects as the firm looks to tap opportunities in the state. “We are committing to invest Rs 50,000 crore in the state of Gujarat in gas—based and coal—based power projects in the next 5—7 years”, Ambani said while speaking at the 5th Global Summit of Vibrant Gujarat here.
He said the investments would include very large investments in the cement sector in areas like Kutch, Porbandar and Junagadh. Already the group firm Reliance Power has undertaken development activities at Bharuch in Gujarat, where it is setting up a gas—based 8,000 MW power plant.
“I want to say that the group will play a meaningful role in driving the change and transformation happening in Gujarat,” he added.
Essar commits Rs 30,000 cr for Gujarat
Diversified conglomerate Essar Group said it will invest Rs 30,000 crore in Gujarat for projects in various sectors, including power and refinery. “Essar has committed to invest in Gujarat Rs 30,000 crore in power, refinery, ports and water infrastructure,” Essar Group Chief Executive Prashant Ruia said here during the 5th Global Summit of Vibrant Gujarat.
He, however, did not specify the timeline for the investments but said the earlier investments committed by the group in the state have been executed.
Essar Group is a major player in the port sector in Gujarat. Its ports and terminals business operates a crude oil and petroleum products terminal at Vadinar in the state.
The group is also constructing a dry bulk port at Hazira and a coal jetty at Salaya, all in the state.
It also has a 14 MTPA petroleum refinery at Vadinar which started commercial production on May 1, 2008.
Vibrant Gujarat 2011: Adani group announces Rs 80,000 cr investment
Adani Group Chairman Gautam Adani today announced Rs 80,000 crore investment in ports, power sector and infrastructure in Gujarat at the fifth edition of Vibrant Gujarat Summit 2011 (VGS) here. He, however, did not specify the timeline for the investments. “On the occasion of VGS we announce an investment of more than Rs 80,000 crore in port, power generation and infrastructure in Gujarat,” Adani said, while speaking at VGS. More »
MSU inks 8 MoUs at Vibrant Gujarat
M S University has inked eight Memorandum of Understanding (MoUs) for research exchange programmes at the international round-table for academic institutions, which was held on Monday in Gandhinagar as part of Vibrant Gujarat summit.
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Vibrant Gujarat Summit: 74 education MoUs signed
The Vibrant Gujarat Summit 2011 will begin on today January 12, but pre-event seminars like the International Round Table of Academic Institutions (IRAI) have already witnessed the signing of 74 Memorandums of Understanding (MoUs) on Monday.
Officials and academicians of Gujarat-based universities, industries and foreign universities and research institutes discussed and explored various areas of research at Pandit Deendayal Petroleum University (PDPU), Gandhinagar. More »
Tags: American Jewish Committee, Bhavnagar University, College of Environmental & Health Sciences, Dahej SEZ, Department of Urban Planning, Gandhinagar, GeoGlobal Research Institute, GIDM, GTU, Gujarat Power Corporation Ltd., Gujarat University, industries & institutes, Institute of Seismological Research and Gujarat State Disaster Management Institute, IRAI, Jubiliant Oil & Gas, Kansas University, Karolinska Institute School of Public Affairs, Knowledge Consortium of Gujarat, MoUs, PDPU, Shell & Total, Shell Hazira, Tajen University, Tata Power, Texas A&M University, UCLA, University of California Los Angles, University of Oklahoma, University of Sasktchewan, University of Western Ontario, Vibrant Gujarat, Vibrant Gujarat Summit 2011, Vibrant Summit, Vibrant Summit 2011
Gujarat inks MoU with British biz association
INDEXTb, the investment promotion wing of the Gujarat Government has signed a memorandum of understanding (MoU) with Britain’s Leicestershire Asian Business Association (LABA) to promote economic cooperation and commercial exchanges. More »
Tata AutoComp Systems(TACO) to set up five factories at Sanand
Tata AutoComp Systems (TACO) is setting up five auto component manufacturing plants at Sanand in Gujarat at an investment of Rs 300 crore, a state industry department official said on Tuesday.
“TACO is investing around Rs 300 crore to open five plants at Sanand in Gujarat in current financial year. These five new factories are part of the vendor park coming up at the Tata Nano plant site,” the official said.
TACO is amongst the largest automotive components groups in India, having revenues in excess of Rs 3,500 crore.
Canada becomes first western nation to partner ‘Vibrant Gujarat’
In a major boost to Gujarat, Canada has announced to become a partner country in the Vibrant Gujarat investment summit next year.
Held biennially immediately after Pravasi Bharatiya Divas since 2003, the Vibrant Gujarat summit is aimed at attracting foreign investment and knowhow into the state. More »
Dozen new medical colleges to come up in Gujarat by 2012: Vyas
The Gujarat government today said it expects atleast a dozen new medical colleges to go on stream by 2012, which shall add up close to 1,800 medical seats in the state.
“We are hopeful that atleast 12 medical colleges will either go on stream by 2012 or More »
Banas Dairy to set up country’s second 100 MT skimmed milk powder plant
North Gujarat based Banaskantha District Co-operative Milk Producers Union Limited, popularly known as Banas Dairy, is all set to house a fully-automatic skimmed milk powder (SMP) manufacturing plant at Palanpur. The proposed plant for which the dairy will invest Rs 125 crore will be the second such milk powder plant in the country that will have daily capacity to manufacture 100 metric tonnes (MT) SMP. More »
Tata Power plans India’s largest solar PV installation in gujarat
According to report published in Business Standard, India’s Tata Power has decided to set up 50 Mw solar photovoltaic power project at Mithapur in Gujarat where company already has its chemical plant. This will be the largest single solar photovoltaic installation in India according to company’s website.
BS reports says there are plans afoot to also set up 5 Mw geothermal project in Gujarat. In order to build expertise and capabilities in the area of geothermal, the company has invested $50 million for a 10 per cent stake in Australian company Geodynamics. More »
Gujarat’s first IT SEZ clicks as Kendle logs on to Mindspace
IBM team explores SEZ for 5,000 employees unit
Gujarat’s first special economic zone for IT/ITES services is all set to kick start next month. US based Kendle group, a leading global clinical research organization (CRO) with about $ 415 million net revenues in 2009, has firmed up its plans to check into Mindspace, a Rs 1200 crore IT/ITES SEZ project developed by Mumbai-based K Raheja Corp on Ahmedabad-Gandhinagar Knowledge Corridor. More »
Tags: Ahmedabad-Gandhinagar Knowledge Corridor, Chharodi, CRO, DLF SEZ, Gandhinagar, Ganesh Housing Corporation Ltd, global clinical research organization, IBM Gujarat, IT SEZ in Gujarat, IT/ITES SEZ, K Raheja Corp, Kendle group, mindspace, Raheja’s IT park, Satyam’s IT park, Sez in Gujarat, Vascon Engineering
Boom for Gujarat IT exports, Data says it!
Information technology in Gujarat was always seen as a marginalised industry, thanks to the absence of large companies. But when major
IT hubs of the country were reeling under a slowdown in the West in 2009, Gujarat’s disadvantage turned into an edge. IT exports from the state have grown by an impressive 72% year-on-year in 2008-09. More »
Gujarat is a capital of India’s entrepreneurs:Uday Kotak
“Gujarat is India’s entrepreneurship capital, believes Mr. Uday Kotak, Vice Chairman and MD, Kotak Mahindra Bank Ltd. Mr. Kotak was in Ahmedabad to inaugurate the annual international management conference – NICOM 2010, organized by the Institute of Management, Nirma University. The three-day conclave, which will revolve around the central theme of “Managing Finance: Sustaining Shareholder Value”, in the presence of Dr. Karsanbhai Patel, President, Nirma University. More »
Japan delegation meets Modi, plans Rs 5000-crore eco-township in Dahej,Gujarat
A high-level delegation from Japan called on Gujarat Chief Minister Narendra Modi on Wednesday and made a proposal to set up a Rs 5,000-crore eco-township at Dahej.
The nine-member delegation, led by Chairman of Japan Development Institute Dr Shoichi Kobayashi, has proposed to set up an eco township modeled on Kitakyushu township in Japan in Delhi Mumbai Industrial Corridor (DMIC) area here and another township GRMAZ at Dahej, said a government release. More »
DOCOMO launch delayed in Gujarat!
Tata Teleservices Ltd’s DOCOMO will take a little more time than scheduled for its launch in Gujarat.
“The spectrum allocated to us has not been released by government agencies. Hence, we are not able to launch the services in the state. We had earlier planned to launch DOCOMO by December 15,” said Naveen Bhasin, chief operating officer, COO of TTL Gujarat. “TTL has its share of spectrum, but it has to be cleared by local authorities too and such procedures take time,” Bhasin explained.
Asked about the next possible launch date, Bhasin said the company is now planning to do so by January end. TTL is very excited about Gujarat market and is hoping to get maximum incremental market share from here.
Apollo Tyres opens Rs 200 crore OTR facility in Limda Gujarat
Apollo Tyres Limited on Sunday launched their new production lines in passenger and truck-bus radial tyres and opened a manufacturing facility for extra-large off-the-road (OTR) tyres at its Limda plant here. Chief Minister Narendra Modi inaugurated the works.
“Our investment at Limda plant, that was set up in 1991, has crossed Rs 2,000 crore investment with this new facility,” chairman of Apollo Tyres Limited Onkar S Kanwar told mediapersons. The Limda plant is Apollo’s flagship and largest unit, where the company recently enhanced its passenger radial production capacity from 90,000 tyres a month to 4.50 lakh tyres. More »
Modi invites Maruti to set up plant in Gujarat
Gujarat Chief Minister Narendra Modi on Sunday invited Maruti Suzuki India Limited (MSIL) to set up a car manufacturing facility in Gujarat. Modi, after inaugurating the AGIDTR set up by the state government and MSIL here, said he wanted to give a business advice to Maruti.
“Gujarat has General Motors and Nano, why not Maruti?” Modi said, pointing out that MSIL manufactures cars at Haryana which are then brought to Gujarat’s Mundra port for exports. “Would any Gujarati make such a mistake? They (cars) should be manufactured and exported from here.” More »
MSU social work faculty signs first int’l MoU
Students from MS University’s social work faculty will now get a chance to explore global social practises, with the faculty joining hands with a university in United Kingdom. In its first international pact, the faculty will collaborate for an exchange programme with Huddersfield University (HU).
As per the memorandum of understanding (MoU), signed between MSU and HU on Wednesday, the collaboration will be for three years during which teachers and students from social work faculty will visit HU to learn practises in UK and vice versa. More »