Special economic zone
A new commercial realty fund is apparently being raised by IDFC Alternatives, a private-equity division of infrastructure finance firm IDFC Ltd. According to two unidentified sources familiar with IDFC Alternatives’ plans, the new fund that will be raised by the bigwig multi-asset-class investment fund manager will be more than Rs 1,000 crore. At present, IDFC [...] Continue Reading »
Narendra Modi has made a conscious decision to give commerce minister Nirmala Sitharaman a foot in the finance ministry as well for a reason. The main reason is to try and make sure that bitter turf wars that have existed in between the two sides could be resolved to the mutual benefit of all concerned. [...] Continue Reading »
A public interest litigation (PIL) was filed by the villagers of Luni village of Mundra taluk in Kutch district. They were protesting against gauchar (grazing) land given to the Adani Group for its Special Economic Zone. The Gujarat High Court on Thursday disposed of this case. During the pendency of the application, filed in 2011, the [...] Continue Reading »
According to a recent announcement made by Sri City, the multi-product operational Special Economic Zone (SEZ) is interested in creating an exclusive cluster for Korean firms. With the Sri City SEZ – which is located at a distance of nearly 60 km from Chennai – having already created a special cluster for Japanese firms, the [...] Continue Reading »
The Board of Approvals which is under the Union Ministry of Commerce has given its conditional nod to a GMR Group proposal in order to buy out the 50 percent stake which is owned by its partner Malaysian Aerospace Engineering in an aircraft maintenance repair and overhaul (MRO) unit. The MRO unit is located at [...] Continue Reading »
Adani Ports and the Special Economic Zone (APSEZ) which is India’s biggest private port operator is looking for opportunities to get or set up a port on the south eastern coastal line of India as it is preparing for the next phase of expansion. The aforesaid was stated by the chief executive Sudipta Bhattacharya. The [...] Continue Reading »
The Mahindra Lifespace developers which is the infrastructure division of the $16.5 billion Mahindra Group stated that its Mahindra World City township has got the Stage I certification under the India Green Building Council (IBGC) Green Townships. Mahindra World City which is the Special Economic Zone of Mahindra Lifespace Developers is located near the Singaperumal [...] Continue Reading »
The debate on whether there should be special labour laws for special economic zones (SEZs) will be reopened by the Commerce Department this week. According to the information shared by unidentified sources, discussions on a special allowance for SEZs are scheduled to be held later this week. The issue has already been brought to the [...] Continue Reading »
The very few remaining pockets of the wetlands, creeks and mangroves in the Mumbai Metropolitan Region, which are home to a large number of threatened bird species, have been facing destruction problems from the unplanned developmental activities. The wetland is facing destruction which is in turn hampering the natural habitat of several bird species. In [...] Continue Reading »
27 SEZ developers like DLF Info Park, Navi Mumbai SEZ and Gulf Oil Corp has asked for special requests from the government to give them more time to finish their projects. The other companies who have asked for time from the government are Indiabulls Industrial Infrastructure, Pasvnath Infra, Electronics Corporation of Tamil Nadu and the [...] Continue Reading »
