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Old May 4th, 2010, 09:47 PM   #61
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Techno India in expansion mode

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he Rs 1,000 crore Kolkata-based Techno India will be investing Rs 500 crore by 2012 in the higher education sector.

The diversified group with interests in food processing, film production and health segments, has several engineering colleges.

“By 2012, we will set up 25 new campuses. Two new hospitals are coming up on EM Bypass and Barrackpore. We are also coming up with the Techno Global University in Shillong,” said Satyam Roy Chowdhury, Managing Director, Techno India group.

The group has been given 25 acres in Agartala by the Tripura government. It plans to set up engineering and medical colleges. It has also got land near the Indian Institute of Management campus in Kolkata, where it plans to set up a medical and a dental college.

Techno India set up its engineering college in West Bengal when the sector had been opened up for the private sector in the late 1990s. Some experts feel that the state has been plagued by the lack of quality engineering institutes except the top notch ones such as the Indian Institute of Technology, Kharagpur, Jadavpur University Faculty of Engineering and Bengal Engineering and Science University. Techo India institutes are considered to be amongst the better equipped engineering colleges in the private sector. Apart from the education sector, the group plans to foray into the food processing and film production segments. Four films are lined up for production, informed Roy Chowdhury.

The group plans to take its turnover to Rs 2,000 crore by 2012 from the current level of Rs 1,000 crore. Roy Chowdhury said the group would finance its expansion both by internal accruals and by financial institutions. “About 20 percent funds will come through internal accruals and the rest will be through the financial institutions,” said Roy Chowdhury.
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Old May 5th, 2010, 07:45 AM   #62
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United merger: Desi JV partner unruffled

A day after United Airlines and Continental announced a merger, an Indian joint venture partner of United asserted that the arrangement between the global carriers is unlikely to affect its future.
Purnendu Chatterjee-led The Chatterjee Group (TCG) — which jointly runs a company with United Airlines providing software solutions and services to airlines and airports — said on Tuesday that the United-Continental deal could actually help SkyTech Solutions (the TCGUnited JV) secure more business.
“Far from the merger between United and Continental Airlines having any negative impact on SkyTech, it could in fact provide an enlarged opportunity to the company (SkyTech),” TCG president and SkyTech director Aniruddha Lahiri told TOI. “We see no reason for being worried.”
TCG holds 50.1% in SkyTech, with United holding the balance 49.9%. United Airlines is also the biggest client of SkyTech. “SkyTech gets about 80% of its revenue from United Airlines,” Lahiri said. However, he did not wish to comment on SkyTech’s turnover as it is privately held.
Incidentally, there had been speculation in the recent past that SkyTech — about which TCG doesn’t talk much these days — could see a change in the shareholding pattern. “Our intention is to remain a boutique player providing specialised services and thus you should not expect large-scale additions to headcount as some of the other IT companies. We currently have over 300 staff spread across five locations in India and the US,” Lahiri said.
The bulk of SkyTech’s employees — slightly over half the total number — are based in Kolkata. “Both TCG and United have representation on the SkyTech board,” Lahiri said, while declining to specify whether a change in composition is imminent following the United-Continental alliance. As part of the deal announced on Monday, the holding company for the combined United-Continental entity would be called United Continental Holdings and the name of the airline would be United Airlines.
Although TCG’s biggest engagement with India is through its shareholding in Haldia Petrochemicals Ltd (HPL), the group also has significant business interests in lifesciences, IT and realty.


Source: TNN
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Old May 11th, 2010, 07:50 AM   #63
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Usha Martin project to beat competition

Speciality steel and wire rope manufacturer Usha Martin will invest Rs 1,200 crore in a wide range of facilities to reduce its cost of production.

The company board today approved the capital expenditure plan, which will be completed over the next three years.

The new plan comes close on the heels of a Rs 2,100-crore expansion project that Usha Martin hopes to complete in the next few months, taking its speciality steel capacity to 600,000 tonnes in Jamshedpur.

“For a steelman, there is no full stop,” P. Bhattacharya, joint managing director of the company, said today. The company is braving an uncertain business environment to take up the projects.

The company will spend Rs 1,050 crore to consolidate the steel business and another Rs 150 crore to expand the wire and rope unit capacity.

The company will build a coke oven unit and a sponge iron facility along with a pellet and an ore beneficiation plant. It will also set up two power plants using waste heat.

“The projects will increase the competitiveness of our business,” Prashant Jhawar, who was nominated the chairman today, said. Prashant replaces his father Basant Kumar Jhawar who will now become the chairman emeritus. The company is fully integrated on the raw material side having captive iron ore and coal mines. New investments are aimed at making the most of the mines.

Bhattacharya said the company intended to expand its speciality steel capacity to 800,000 tonnes by putting up extra facilities by the end of the next fiscal. “We are planning to ramp up to 1 million tonnes thereafter,” he added.


Source: The Telegraph
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Old May 15th, 2010, 10:48 AM   #64
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Audi to open city showroom in a fortnight

The Lord of the Rings is here. Finally.
After a three-year agonizing wait for sedans, coupés and sports utility vehicles sporting the distinct Four Rings emblem, car enthusiasts can look forward to experience the entire range of products from the Audi portfolio.
In a fortnight, Audi Kolkata — the German automaker’s first principal dealer in eastern India — will unveil the 7,500 sq ft showroom, one of the largest in India.
Its arrival in the city will not only enable Audi to fix a vital cog missing in the firm’s network, it will also complete the presence of the German luxury troika in Kolkata. While Mercedes-Benz has been present here since 1998, BMW arrived a couple of years ago.
“Car lovers in Kolkata will soon experience a new level of auto engineering, luxury and elegance when they step into the showroom,” said Mohan Motor group chairman Mohanlal Bajaj, even as finishing touches were being given to the facility on 9 AJC Bose Road. An 8-bay service facility is also being readied off the EM Bypass.
Reaffirmed the company’s commitment, Audi India managing director Benoit Tiers. “Kolkata is not just an important city but a crucial hub for us to cater to customers based in eastern India. This new showroom, designed to give the customer a complete Audi experience, will be among the largest luxury car showrooms in the city,” he added.
The showroom in black & white theme, is designed by German interior experts and will feature Audi TV, a 24-hour live web feed on Audi products and features from its headquartered in Ingolstadt, Germany.
“While sedans A4 (Rs 27.60-36.72 lakh), A6 (Rs 38.30-46 lakh) and SUVs Q5 (Rs 39.69-45.81 lakh), Q7 (Rs 55.35-59.80 lakh) will comprise bulk of the sales, we also expect to do some numbers of top-end sedan A8 (Rs 70-75 lakh) as well as TT coupé (Rs 60-65 lakh) and sports car R8 (Rs 1.4 crore), Audi Kolkata chief operating officer Manoj Mehta said.
Bajaj is confident Audi’s entry will expand the luxury car market in the east that is currently pegged at 230 cars a year.


Source: TNN
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Old May 19th, 2010, 05:57 PM   #65
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Narayana Hrudayalaya plans dental clinics
Wednesday, 19 May, 2010

Narayana Hrudayalaya Dental Clinic (NHDC) proposes to infuse Rs 150 crore to set up a chain of clinics across the country and abroad. The funds are to be raised through debt and internal accruals.

NHDC plans to open 300 clinics, of which 30 are to come up in Bangalore and Kolkata in the next six months. Currently, Narayana Hrudayalaya has seven operational clinics of which six are in Bangalore and one in Kolkata.
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Old May 20th, 2010, 11:44 AM   #66
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KoPT proposes expansion of Hooghly operations


KOLKATA, 19 MAY: The Kolkata Port Trust (KoPT) and Garden Reach Shipbuilders and Engineers (GRSE) have proposed an expansion of their operations in Diamond Harbour, due to decrease in navigable draught in the Hooghly river channel.
Authorities of both the organisations today said they are planning to set up their units at a particular plot in Diamond Harbour. The KoPT has identified a plot of land to set up a full-fledged container terminal where the GRSE is going to set up its unit.
Addressing a seminar organised by The Bengal Chamber this morning, Rear Admiral (retd.) KC Sekhar, chairman and managing director of GRSE, said the low draught in the Hooghly and the course of the river are adversely affecting shipbuilding. He maintained that the shipyard is constrained to undertake construction of larger ships. There is a sharp bend in the river near Sankrail sand buoy where no vessel more than 172 metres in length can be navigated. Even ships which have dimensions more than 172 metres by 23 metres, can’t pass through the lockgate at Netaji Subhas Dock. During construction processes the ships are needed to be taken out to sea several times for trials. The available navigable draught in the river is only about 5 metres. The draught required by warships with underwater dome varies from 6-6.7 metres. Because of low draught, GRSE is forced to take ships to other yards like Vishakapatnam to fit the domes, before carrying out trials. The draught restriction also prevents frontline naval vessels from coming to Kolkata for repairs and goodwill visits, added Mr Sekhar.
He said that the draught situation could be improved through continuous dredging at places like Auckland, Birlapur, Raipur, Nainan and Noorpur and diverting the tidal flow through navigable channels.
He maintained that this problems would be solved if it can set up their unit at Diamond Harbour. GRSE is undergoing a modernisation and the Navy plans to place more orders with the shipyard. This could include a nearly Rs 24,000 crore order for stealth frigates.
At the same time, KoPT could also do with the 9 metres draught at Diamond Harbour. As both the organisation are competing for the same plot of land, Mr Anindya Majumdar, officiating chairman of KoPT said, both the organisations can share the land to expand their operations.
Mr Majumdar said port facility at Diamond Harbour will come up within 2-3 years. It is already connected to Kolkata by railway and the movement of containers will be easier. Port facilities at Sagar Island can be developed only after it is connected to the mainland by a bridge, which will take some time,he added.
He also said that poor understanding of the Hooghly river at the highest levels has resulted the present situation of Kolkata and Haldia ports. Mr Majumdar said, the Hooghly is a difficult and sometimes a treacherous river. Like other riverine ports, the Kolkata and Haldia ports also have to face some challenges, but recently the situation turned into an alarming one. There is no simple solution.
He said the major causes resulting in fall of draught in the navigation channels are ~ a drop in the supply of water (due to the water-sharing treaty with Bangladesh) and erosion of riverbanks. Most of the riverine ports across the world have successfully overcome the problems and KoPT would have to take lessons from them, he added.
He pointed to how projects undertaken earlier remained incomplete. In some cases, no follow-up action was undertaken, resulting in reversal of any improvement that may have been achieved.
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Old May 21st, 2010, 06:27 PM   #67
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Orissa firm to invest Rs 100 cr in Bengal


KOLKATA, 20 MAY: Ortel Communication Limited, a broadband and cable service provider of Orissa, will invest Rs 100 crore in West Bengal in the next three years. Mr Bibhu Prasad Rath, executive vice-president and chief operating officer of the company, said the company has already introduced the broadband and cable services in Salt Lake area and soon they will expand their network in other parts of the city.
Mr Rath said the company is providing high speed broadband service from 512 kbps to 2 mbps to their customers. Mr Rath also added that they will soon introduce free of cost voice services, through which one Ortel customer can communicate with another Ortel customer through a phone.
Mr Rath highlighted that they offered local cable service providers to join their business and the company will give them commission on per connection basis.
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Old May 24th, 2010, 06:54 PM   #68
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Nayachar island project website.

For a detailed view of the project, please click here www.wbpcpir.com
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Old May 27th, 2010, 01:24 AM   #69
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DLF seeks to revive its Kolkata SEZ

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With improvement in the sentiment in the real estate sector, the country's largest developer DLF wants to revive its plan for a special economic zone in Kolkata.

The company which surrendered four SEZ projects last June due to demand shrinkage for commercial space has approached the commerce ministry for reviving the Kolkata project, an official said today.

"The board of approval will take up the DLF request for re-notification of the SEZ in its next meeting on June 8," the official said.

The tax-free enclave, meant for the IT and ITES units, was notified in June 2008 over 10.48 hectare and at the request of the developer it was de-notified this February.

"Now, the developer wants to get the project re-notified, stating that demand for IT/ITES leasing space is showing signs of improvement," the official said, adding however, DLF's three other projects in Gujarat, Haryana and Orissa remain de-notified.

In all about 12 developers had pulled out their projects due to slowdown in the commercial space segment last year.
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Old May 27th, 2010, 02:38 AM   #70
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City software exports beat slump

Sumali Moitra | TNN

Kolkata: Exports from the city’s software technology park overcame the jitters of a global downturn to record a slight increase in the last fiscal, marginally reducing the disappointment of Bengal being unable to meet its target of emerging as one of India’s top three IT states by 2010.
Local units registered with the STPI scheme registered exports of Rs 5430 crore in 2009-10, up 6% from Rs 5129 crore posted in the previous fiscal, with the trusted trio of TCS, IBM and Cognizant again contributing to the bulk of this figure.
STPI Kolkata head Manjeet Nayak said that if one were to include an estimated Rs 1000 crore worth of exports by non-STPI units and SEZs, software and allied services exports from the city in the last fiscal actually stood at Rs 6430 crore — “something quite creditable considering that there
was the downturn to contend with”. Wipro’s Sector V facility, for instance, is a special economic zone and doesn’t report its export numbers to the STPI.
Nayak said that although TCS witnessed a dip in its exports from Kolkata in the last financial year, it was still the single biggest exporter from the city in 2009-10 at Rs 2124 crore. IBM was next, followed by Cognizant, HSBC and Tech Mahindra. “Exports in the current fiscal should hopefully be much better with the business climate improving,” he added. Incidentally, Cognizant has already started operating from an SEZ in Bantala, in addition to its existing facilities in Salt Lake.
Nayak said the STPI was in the process of working out the modalities for putting up a 7-8 lakh sq ft plug-and-play space on vacant land within its campus. Small and midsized IT firms in the city are still hoping against hope that the finance ministry may extend the STPI scheme further.
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Old May 27th, 2010, 07:40 AM   #71
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Rail, SAIL to get units of Burn, Braithwaite

The Union cabinet will soon discuss the restructuring of ailing public sector wagon makers — Burn Standard and Braithwaite.

The department of heavy industries sent its recommendations to the cabinet on May 14 for the transfer of Burn Standard and Braithwaite units to the railways and Steel Authority of India Ltd (SAIL).

Burn Standard’s two wagon making units at Howrah and Burnpur in Bengal will be transferred to the railways as also Braithwaite’s three units in the state.

The southern refractory unit of Burn Standard in Salem will be taken over by SAIL. The railways and SAIL will take over the units on a clean slate basis, without any liability.

Burn Standard also has seven closed units. The Board for Reconstruction of Public Sector Enterprise had suggested that the seven units be transferred to Bharat Bhari Udyog Nigam Ltd (BBUNL). However, Burn Standard’s officers’ union is opposed to the move. The employees have demanded a valuation of the seven closed units before they are handed over to BBUNL.

“We welcome the move of the railways and SAIL to take over the operating units. But we protest handing over the closed ones without a proper valuation,” Anutosh Banerjee, general secretary of the All India Federation of Burn Standard Officers’ Association, said.

Employees of Burn Standard have demanded that their dues be cleared before the seven units are transferred to BBUNL. The workers’ due stands at Rs 160 crore. There had been no pay revision in the last 16 years.

Land held by Burn Standard in the seven units, majority of which is in Bengal, could be worth Rs 350 crore. Burn has about 1,450 employees, while Braithwaite has 600.

The two companies have liabilities worth around Rs 1,400 crore, including accumulated losses and interests on loans.

The employees of the two PSUs are said to have met finance minister Pranab Mukherjee and sought his assurance on the payment of dues. Mukherjee hails from Bengal where most of the units of both the companies are located.

In last year’s budget, railway minister Mamata Banerjee had announced that the ailing units of Burn Standard and Braithwaite would be taken over by her ministry. However, the transaction is yet to be completed.


Source: The Telegraph
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Old May 27th, 2010, 11:00 AM   #72
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Rossell to raise hotel presence

Kolkata: Rossell Tea (RTL), is looking for 4-star hotel properties in Mumbai, Kolkata and Chennai. Harsh M Gupta, executive chairman, said it has tied up with the Lemon Tree group for setting up a chain of 4-star hotels in India. RTL has already invested over Rs 300 crore for acquiring hotel properties in New Delhi, Bangalore and Aleppi.
“We have up to 40% stake in the hotel properties with Lemon Tree and the day-today management of these properties is with them,” Gupta said. Construction of its Delhi property is nearing completion.
Gupta said that the firm would consider acquiring tea gardens in Africa, although there are no such plans within India. At present, RTL has five tea gardens, all situated in Assam with about 80% of its annual production constituting orthodox tea. TNN
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Old May 27th, 2010, 11:10 AM   #73
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Old May 28th, 2010, 10:30 AM   #74
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Originally Posted by SarafIndian View Post
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Old May 31st, 2010, 05:19 PM   #75
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Golechha Global Finance Shifts Registered Office To Kolkata

(RTTNews) - Golechha Global Finance said that the company approved for shifting of registered office of the company to Kolkata in West Bengal from Chennai in Tamil Nadu.
M/s L. Ramesh & Associates has resigned as statutory auditors of the company with effect from April 28, 2010 and M/s V. Goyal & Associates have been appointed as statutory auditors of the company .
The company said that it approved voluntary de-listing of the shares of the company from Jaipur Stock Exchange, Ahmedabad Stock Exchange and Madras Stock Exchange.


Copyright(c) 2010 RTTNews.com, Inc. All Rights Reserved For comments and feedback: contact [email protected]

Source: http://www.stockmarketsreview.com/news/10443/
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Old June 2nd, 2010, 04:11 PM   #76
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Kolkata Reality market looks to bounce back
by Syed Ameen Kader on Jun 2, 2010


http://www.constructionweekonline.in...o_bounce_back/

Sushil Mohta, Managing Director, Merlin Group of Companies, speaks to Construction Week Online about the Real Estate market in Kolkata.

What is the current scenario in Kolkata in regards to construction activities and project developments?

The demand of housing is almost back on track. Prices are back to the pre-recession level or rather have gone up. We are witnessing regular sales in all our projects in all segments. The sales are absolutely normal.


There is demand for office space in Salt Lake which is a good sign. We have constructed an IT Park where 100% leasing is complete. However, in long run we do not see large requirements in Salt Lake. There will be stiff competition with developments coming up in New Town and Rajarhat.
We also see good demand for higher segment or high value property with lifestyle features.
The demand for retail space is also back. However, presently, the demand for office space is a little sluggish.

Is the socio-economic and political situation in the city conducive enough to do business there?

There is apprehension about the political situation but I do not think that will inconvenience the business of real estate. More than the political situation, the worrying factor is the poor state of infrastructure and most important is the ancient laws related to real estate industry.
There is an urgent need of a sweeping change in the legal framework related to the real estate industry. The process of town planning approval and conversion of land from agriculture/industrial to urban/vastu is very time consuming and cumbersome, and needs to be suitably amended. If these changes are not affected, the real estate prices will rise to abnormal levels.

What are the potential growth sectors in Kolkata?

The potential growth sector is in the existing Metro Route as well as proposed East and West Metro Routes. There will be growth on the National Highways like NH2, NH6 and 24 Parganas (South).

What are the major projects that you are implementing in the city currently?

We are developing ACROPOLIS, a Stadium-cum-Commercial Project in joint venture with KMDA on RB Connector near EM Bypass and Merlin Greens (Phase III), a leisure and hospitality project on Diamond Harbour Road, Kolkata. We have also completed Merlin Cambridge, a super luxury 24-storeyed tower on Prince Anwar Shah Road.
In middle income group, we are completing Merlin Warden Lakeview, a 400,000 sq. ft. Project; Merlin Regency, a 200,000 sq. ft. project; and Merlin North Star, a 100,000 sq. ft. Project; Merlin Jabakusum, a 100,000 sq. ft. project.
We have two affordable housing projects under construction namely Merlin Uttara, a 400,000 sq. ft. project at Uttarpara, Konnagar and Merlin Trinoyoni, a 200,000 sq. ft. project at Behala. We are also developing Merlin Matrix, a 65,000 sq. feet IT Project at Sector V.

How the real estate market is expected to perform in coming years?

Overall reality market should be good. The prices are at realistic levels. Unfortunately, the prices of land have started increasing again. This will result in increase of price of constructed area. I can see the growth in housing for all segments and retail space in coming years.

What are the other major big infra projects that are under implementation in the city?

Major infrastructure projects by the Government are the East and West Metro Project, Bus Rapid Transport System (BRTS) on EM Bypass, Flyover at Paramo Island/Park Street Connector, Water Supply System in a number of municipalities, upgradation of the existing airport. These are some of infrastructure projects that are under implementation by the Government/Government Agencies.
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Old June 2nd, 2010, 04:18 PM   #77
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Kolkata: Regaining lost glory
by Syed Ameen Kader on Jun 2, 2010

http://www.constructionweekonline.in...ng_lost_glory/


In an interview with Construction Week Online, Srinivash Singh, MD, McNally Bharat Engineering talks about the potential of eastern city Kolkata.

What is the current scenario in Kolkata in regards to construction activities and project developments?

Currently Kolkata is witnessing three new construction projects where huge investments are being made. The new Kolkata airport is coming up at an investment of Rs2,500 crore. The East West Metro Rail is coming up at an investment of Rs5,000 crore and a 9 km flyover is being built connecting Park Circus to Eastern Metropolitan Bypass at a cost of Rs400 crore. Apart from these, thousands of apartments are under construction in Rajarhat, the New Town coming up in the Easter part of Kolkata.


Is the socio-economic and political situation in the city conducive enough to do business there?

The city has a large base of young educated boys and girls and is an ideal destination for new age industries such as IT, BPO and Telecom.
The state has been politically stable for decades. Moreover, the infrastructure in Kolkata has improved considerably over the last few years, which is attracting a number of multinationals and large groups to set up shop here. The retail segment specially has seen a boom with a number of shopping malls springing up all over the city.

What are the potential growth sectors in Kolkata?

The potential growth sectors in Kolkata are IT sectors, services sector like retail, entertainment, hospitality, real estate business and manufacturing industry such as leather, jewellery etc.

What are the major projects that you are implementing in the city?

Since we are an EPC company our activities are spread all over the country and our manufacturing activities are located in Asansol, Kumardhubi, Bangalore and Baroda. In Kolkata we have our design and engineering center and R&D activities, which are being strengthened as required

What are the other major big infra projects that are under implementation in the city?

The major projects going to be implemented in the coming years are Metro Rail extension upto Dakshineswar, Barrackpore and Barasat; the next big project is East-West metro rail; construction of the new airport; completion of Kalyani Expressway and construction of other roads and flyovers in the city.
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Old June 4th, 2010, 03:06 AM   #78
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Vesuvius expansion:

TNN

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Refractory maker Vesuvius India plans to complete the doubling of its Kolkata capacity in December, managing director Tanmay Kumar Ganguly said on Thursday. The expansion of the Kolkata plant was conceived in 2004 but got delayed following the downslide in the fortunes of the steel industry. Vesuvius is investing Rs 50 crore in the project which now produces 400 pieces a day.
Hopes soar for city jewellery SEZ

Sumali Moitra | TNN

Quote:
Kolkata: The city’s sole gem and jewellery SEZ is set to see an improvement in its fortunes, with diamond jewellery giant Gitanjali finally starting manufacturing operations at Manikanchan and local biggie Shree Ganesh Jewellery House further ramping up its presence at the facility.
On Thursday, Gitanjali chairman Mehul Choksi told TOI that the company has already commenced exports from Manikanchan and is in the process of scaling up operations at the site. “We currently have about 30-40 people at Manikanchan, which we want to increase to 100 in a few months,” Choksi said.
Government officials confirmed that Gitanjali — which had been taking its time on kicking off operations at Manikanchan — had undertaken some exports in April, but did not reveal the quantum. In the past, Choksi had said that Gitanjali was keen to establish a greenfield SEZ facility in Bengal.
“We have recently purchased a module of around 4500 sq ft in Manikanchan, and are negotiating for another one of a similar size where we hope to sign an agreement shortly,” Shree Ganesh Jewellery House MD Umesh Parekh said. “Once the second deal goes through, we will have about 29000 sq ft at Manikanchan,” Parekh added. Shree Ganesh is the biggest player at Manikanchan, accounting for the bulk of its exports.
Parekh said Shree Ganesh hopes to remain insulated from the turbulence in the eurozone as its major buyers are not located in these markets.
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Old June 9th, 2010, 03:48 AM   #79
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DLF picks up Rajarhat pieces

Revives SEZ It Had Abandoned Last Yr

TNN & AGENCIES

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Kolkata: Real estate major DLF, which had last year pulled out of developing an IT SEZ on a 25.8-acre plot in Rajarhat, has obtained fresh sanction from the board of approvals (BoA) of the Union commerce department to revive the venture. DLF had pulled out midway through construction, citing the global downturn.
Commerce ministry additional secretary D K Mittal said in New Delhi on Tuesday : “The board of approvals has allowed renotification of DLF’s SEZ in Kolkata.” The BoA is the final authority on SEZ-related issues nationwide.
State IT minister Debesh Das was elated and felt it augured well for the industry. “It’s a very good development from the state’s point of view because it proves conclusively that the IT industry is well on its way to recovery. Since a major portion of the construction is already through, DLF should be able to give shape to its SEZ plans at Rajarhat quite quickly,” Das said.
DLF already operates another IT facility, not an SEZ, on a smaller 10-acre plot in Rajarhat. According to current regulations, an IT SEZ needs to occupy a minimum of 25 acres. Experts said DLF starting operations at the Rajarhat SEZ would help push up software exports from the state as it would be able to attract several blue chip clients.
Exports from Kolkata’s software technology park recorded a marginal increase in 2009-10 over the previous financial year. Local units registered with the STPI scheme (distinct from the SEZ scheme as there are no restrictions on space requirements) registered exports of Rs 5,430 crore in the just concluded fiscal, up 6% from Rs 5,129 crore posted in 2008-09.

Hope On The Horizon
DLF has obtained the BoA’s nod to revive the IT SEZ, which is on a 25.8-acre plot

IT minister Debesh Das says DLF decision an indication that the IT sector is well on its way to recovery

EXPERTSPEAK DLF starting operations at the SEZ will help push up software exports and attract blue chip clients
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Old June 9th, 2010, 08:29 AM   #80
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Telcos may face spectrum audits soon

Source: ET

The Telecom Regulatory Authority of India (Trai) has decided to initiate spectrum audit to make sure that telcos are using it in the most
economic manner possible, because it is a scarce resource. The audit will be undertaken after about three-four months, said Trai chairman JS Sarma.

The Trai chairman also said they intend to do a review of portability readiness for all telcos in the next 7-10 days. “We were told that almost all private telcos are ready for number portability, however, we need to get an update from some smaller telcos.” Mr Sarma was in Kolkata on Tuesday to attend an interactive session on telecom issues.

Portability refers to a facility where users can change their telecom providers yet retain their cellphone numbers. Mr Sarma said: “Bharat Sanchar Nigam (BSNL) had some issues relating to number portability and we now need to check if they are ready, so that number portability can be implemented by September — the revised deadline.”

Asserting the importance of using spectrum in an economic way, Mr Sarma said: “Every telco can do reasonably well with 8 MHz of spectrum in almost all places and about 10 MHz in metros.

In some circles only about 58 MHz of spectrum is available with as many as 10-12 operators, some having 10-12 MHz and some even 5-6 MHz. Telcos requiring additional spectrum needs to do a cost comparison of two scenarios — the cost of investing in acquiring a new spectrum and the cost of investing in network so that spectrum is used efficiently.”

Mr Sarma also said that a draft consultation paper on 4G and long term evolution (LTE) — technology for data speed higher than 3G, will be prepared by September end. Requirement for higher data speed over mobile will rise every nine months and telecom companies need to work on providing higher speed for users. It has also been estimated that about 300-500 MHz of additional spectrum will be required in the next couple of years but only about 200-300 MHz is available.
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