State set up 5 member committee to prepare new industrial policy

By Accommodation Times Bureau JAIPUR: Industries minister Prasadi Lal Meena has asked the Industry Commissioner Dr. K.K. Pathak to prepare a new industrial policy in the state and announced a five-member committee In the new industrial policy, more emphasis will be on the industries that provide balanced development and provide maximum employment opportunities in

Gujarat: Sanghi Cement Co to invest Rs 1,500 Cr in existing plant

By Accommodation Times Bureau GANDHINAGAR: Sanghi Industries Limited, Gujarat Heavy Chemicals Limited and Mahansaria Tyres Private Limited will start new projects with an investment of Rs 3,710 crore in Gujarat. All three companies on Wednesday signed MoU’s with Government of Gujarat. Sanghi Industries is going to expand its existing Cement plant’s capacity to

Holtec International to invest 4,800 Cr in Maharashtra

By Accommodation Times Bureau MUMBAI: The government of Maharashtra on Wednesday signed a memorandum of understanding (MoU) with the Holtec International which specialises in nuclear fuel storage systems, heat transfer equipment, with a view to developing a heavy fabrication facility to manufacture a high-end nuclear power plant equipment in the state. Maharashtra will be

GIC to acquire 49% stake in Provenance Land for Rs 1000 Cr

By Rohit Sharma MUMBAI GIC, Singapore’s sovereign wealth fund, is in a process to acquire 49 per cent stake in a realty firm Provenance Land for an amount of Rs 1,000 crore, officials representing the realty firm said. Provenance Land owns a mixed-use development on over four acres of land in Worli, central

Japanese company to fund Haryana’s Global City

By Accommodation Times Bureau Haryana Government is developing a Global City over 1000 acres area in district Gurugram, Industries and Commerce Minister, Vipul Goel said on Thursday. This global city is poised to serve as an important node to Delhi–Mumbai Industrial Corridor (DMIC) sub-region of Haryana and carries an investment potential of USD 15 billion. Vipul Goel

Oakwood to develop new project in Hyd worth Rs 175 Cr

By Accommodation Times Bureau HYDERABAD Oakwood Worldwide an arm of Mapletree Investments signed an agreement of Rs 175 crore with Kapil Group for setting up second property in Hyderabad market. Dean Schreiber, Managing Director, Asia Pacific, Oakwood Worldwide, said, “Hyderabad has been developing at a rapid pace with its emerging IT, pharmaceutical sectors