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#81 | |
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Registered User
Join Date: Aug 2005
Posts: 1,245
Likes (Received): 59
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keep up the good work!
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could that be a typo. Because earlier reports mentioned Apollo tyres was investing about 500cr. However, the news that u have posted seems to peg the investment figure at 2000cr which is highly unlikely for a tyre plant. BTW, congrats on ur 1000th post! A remarkable achievement indeed. I really mean it because most of your post carry news about new investments and developments and I have never seen a boring or negative/offensive post from you. Keep up the good work .
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#82 |
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I love you Rasna!!
Join Date: Apr 2008
Location: Chennai
Posts: 2,124
Likes (Received): 0
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Great work Subra! Thanks for the inimitable contribution.
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#83 | |
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Registered User
Join Date: Oct 2005
Posts: 2,287
Likes (Received): 48
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I hope it it not a typo. |
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#84 |
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Registered User
Join Date: Oct 2005
Posts: 2,287
Likes (Received): 48
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Hyundai to set up press shop
http://www.thehindubusinessline.com/...2951620200.htm
Chennai, Aug. 28 Hyundai Motor India Ltd, the country’s largest exporter of passenger cars, now plans to export vehicle kits in ‘completely knocked down’ condition. To do this, Hyundai India is investing $50 million (Rs 200 crore) to create a new press shop at Sriperumbudur, the company’s Managing Director, Mr H.S. Lheem, told Business Line today. |
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#85 |
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Registered User
Join Date: Jul 2008
Posts: 15
Likes (Received): 0
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Velankani - SEZ - Sriperumbudur
Guys,
Velankani Infrastucture is building a ITES/EMS SEZ in Sriperumbudur opposite to NOKIA/Flextronics/Motarolla. Velankani is a US based Conglomerate. Their group of companies are Velankani Software Pvt Ltd, Velankani Information Systems Pvt. Ltd, Velankani Technology Park Pvt LTd. Velankani's first client is US based Pro-Works. It is a huge facility in 250 acres with 900 crores investment. http://www.velankanisez.com/ http://www.velankanisez.com/virtual-tour.html TechGuy |
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#86 |
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Registered User
Join Date: Oct 2005
Posts: 2,287
Likes (Received): 48
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Industrial activity driving realty growth in Kanchi
http://economictimes.indiatimes.com/...ow/3453438.cms
Tamil Nadu’s major pilgrim centre Kanchipuram is among the first few industrial pockets of the state that attracted big-ticket investments from global giants such as Ford, Hyundai and Saint Gobain. Following the entry of MNCs, the investment flow into the district has totally changed its landscape. If Sriperumbadur and Irrungatukottai were the growth centres in the corridor in the late 90s, Oragadam has now turned a hotspot for attracting big ticket investments. The highway corridor leading to Kanchi, has developed rapidly, thanks to the surge in industrial and economic activity. If Kanchi districts tops the investment chart of Tamil Nadu, this corridor has attracted maximum number of projects in sectors like automobile, telecom, construction equipment and electronic hardware. Thousands of workforce are commuting from in and around Chennai to the corridor, which has attracted new players like Caparo, Samsung, Dell, Nokia, Motorolo, Foxconn, Apollo Tyres, Renault-Nissan, Ashok Leyland-Nissan and Natrip (auto testing centre). Following the industrial boom, all the leading property developers have launched projects in the belt. Unlike Maramalainagar belt, there is no railway line in the corridor, though there is a railway line to Kanchi town. According to Cushman Wakefield industrial space report 2008, such areas have experienced heightened economic activities due to a combination of favourable government policies towards development and the resultant corporate interest as viable options for growth within India. Apart from industrial sector, these locations are being preferred by services industries like IT/ITeS, research and development, bio-technology due to superior development and relatively affordable rental values (when compared to office rentals in a city), escalating the values in these industrial locations significantly. Kanchipuram has the advantage of its proximity to Chennai airport (70 Km), two seaports of Chennai and Ennore, Chennai Central railway station and Koyambedu Bus terminus. It is also close to Madras special economic zone, housing a number of export units besides Kalpakkam Atomic power station. As it is located midway between Chennai and Bangalore, Kanchi is seen as an ideal destination for residential purposes. ‘Walk to work’ concept could get a boost as there is a major chunk of employees of Nokia, Flextronics and Motorola, Dell, Samsung, (to name a few) in this district. Four years ago, land costs in Kanchi were ruling at Rs 3 lakh per acre. If the costs shot up to Rs 10 lakh an acre a year ago, the prevailing rates are upwards of Rs 50 lakh per acre, according to industry sources. The realty scene is bound to change, if the new airport and metro projects of the state government become a reality. Kanchi could become an alternative low cost destination. But, this requires developing social infrastructure like good schools, healthcare centres. This will only attract property developers to the town. The rentals are still lower, sources added. The rapid pace of growth in Chennai city in the last few years have led to a conscious effort to de-congest the metro and develop alternate growth centres. Kanchi is one such location, that has retained its identity as a bastion of tradition even while boasting of an infrastructure that would ease the pressure on city. With Chennai becoming a high cost metro for the middle-class and salaried class people, Kanchi is gaining importance as a weekend destination. Big realtors like ETA and DLF are still concentrating on the industrial corridors in and around Kanchi, which provides scope for small developers. Attempts are on to promote villas and green houses in this town, as people perceive it as a weekend and leisure destination. Over a ten-year horizon, there is scope to develop Kanchi into a self-contained Vatican city and a fountainhead of knowledge. This could lead to creating a social eco-system that would focus on housing, education, tourism and temple renovation. With a number of ‘pathasalas’ and ‘dharmasalas,’ it could be developed on the lines of Haridwar, which has 2,000 rooms/ cottages for pilgrims and 35 to 40 halls. According to official sources, the state government is keen on creating two new municipal corporations near Chennai and it is seriously considering Kanchi given the current the pace of infrastructure development in the corridor. |
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#87 |
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BANNED
Join Date: May 2008
Posts: 258
Likes (Received): 0
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Gated community project planned at Sriperumbudur
Gated community project planned at Sriperumbudur
http://www.thaindian.com/newsportal/..._10094085.html Chennai, Sep 9 (IANS) The Rs.300 million Mahidhara Projects Pvt. Ltd is planning a 125-acre gated community project at Sriperumbudur near here, a top company official said Tuesday. “The project will have a mix of apartments, independent villas and even an IT park apart from an auditorium, play area and other amenities,” company vice president Kishore K. Shetty told reporters. He said work would begin within a month or two of the company getting approval for the project. According to him, Mahidhara Projects is also looking for land to develop projects in Bangalore and Mysore. Meanwhile, Shetty said, the under-construction Mahidhara Capital project - involving sale of plots as well as developing duplex and single-level independent houses - on a 10-acre plot at Sriperumbudur is on schedule. The first phase consists of 56 plots and the company is in the process of laying roads. “We have sold 34 plots and the remaining 22 will be sold soon,” he said. Work on the second phase involving 72 plots will start once Mahidhara gets the necessary approvals. While the plot is sold at Rs.660 per square feet, duplex houses are priced in the range Rs.3.1 million to Rs.3.6 million and single level houses at Rs.2.6 million and Rs.2.9 million. |
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#88 |
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BANNED
Join Date: May 2008
Posts: 258
Likes (Received): 0
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Velankani to develop SEZ at Sriperumbudur
Velankani to develop SEZ at Sriperumbudur
http://www.ciol.com/Enterprise/News-...10908110175/0/ With an investment of Rs 1300 crore in a 250-acre campus in Sriperumbudur, this SEZ, with over eight million sq ft, is equipped to house between 20 and 30 global component suppliers. BANGALORE, INDIA: Velankani Technology Parks Pvt. Ltd, a Velankani Group Company, announced that it is developing an "Electronic Hardware Manufacturing and ITES" SEZ at Sriperumbudur in Tamil Nadu. With an investment of Rs 1300 crore in a 250-acre campus in Sriperumbudur, this SEZ, with over eight million sq ft, is equipped to house between 20 and 30 global component suppliers. The Velankani IT/ITES/Electronic Hardware SEZ has received the final gazetted approval and the building construction is currently in progress. The first building will be ready by October 08 along with the basic infrastructure. Various international and domestic companies have signed up and will be starting operations in April 09. The entire development is expected to be completed by 2012. Velankani Park will be a sector specific special economic zone for "Electronic Hardware & Software, including ITES". The park will primarily meet the business needs of the telecom OEM & EMS manufacturing giants and will cater to component manufacturing. This will result in the formation of a robust and vibrant supply chain cluster for the telecom and electronics industry in India through local manufacturers and international investment. The Velankani SEZ will serve as a backbone for the development of telecom manufacturing in the region and will make it quite similar to the clusters that have been developed in China. Velankani Park offers a unique solution for component manufacturing given that it is the only "Plug and Play" SEZ development. The park is along the national highway 4 (NH-4) that connects Chennai to Bangalore. The distance from Chennai is approximately 45 Kms. It is in a planned IT Hardware Manufacturing zone. Kiron Shah, managing director, Velankani Technology Parks Private Limited, "The Velankani ark is the only SEZ which will offer a plug & play facility in Sriperumbudur for companies to have a hassle free experience in starting operations. All basic infrastructure like power, communication, water, sewer and storm water drains will be provided by Velankani to meet present and future requirements." Rajoo Goel, secretary general of India's oldest and largest electronics Association, ELCINA Electronic Industries Association of India, "there is a dire need for expansion in component manufacturing and this SEZ would facilitate that by making the experience hassle free for companies interested in investing." Henry Gilchrist, director - Avista Advisory Group, specialists in India entry strategies, investment banking solutions and are advisors to the Velankani Group, "The Government has already taken various steps to ease the entry of global companies into India. One critical need is the access to components, spare parts and other hardware and software requirements at a cost competitive rate." As manufacturing grows and demand increases, the indigenous supply base will develop, leading to greater economies of scale for manufacturers. Local manufacturing will build capabilities and increase employment as well as encourage the development of the sector further. "We have received letters of interest from firms in Europe, the US, Japan and China. Currently, there is a lack of competitive supply chain for electronics components in India and very few world-class electronic component manufacturing and supply chain facilities. And this is where the Velankani SEZ offers a unique opportunity in terms of accessibility to manufacturers", he further adds. Avista Advisory Group, advisors to Velankani have successfully worked with global OEM and EMS companies and assisted them in setting up their projects in India. |
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#89 |
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Registered User
Join Date: Sep 2008
Posts: 1
Likes (Received): 0
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Vijayshanthi Builders Close to Queen's Land
Vijayshanthi Builders is promoting Infiniti, a 300 apartment project on The NH4 adjacent to Queen's Land. 80% would be the landscaped area with a lot of amenities like Swimming Pool, Amphi-theatre, Skating Rink, Club House, Shopping Mall, Out Door Games, etc. There would be 2 Bedrooms and 3 Bed Room apartments in 5 Blocks.
For details visit vijayshanthibuilders.com Contact: Phone No: 9940617424 |
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#90 |
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BANNED
Join Date: Jun 2006
Location: Manhattan, New York/Madurai, India
Posts: 1,421
Likes (Received): 0
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Velu blaming TN Govt for delay in co operation on laying new line to Sriperumpudur!
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#91 |
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BANNED
Join Date: Jun 2006
Location: Manhattan, New York/Madurai, India
Posts: 1,421
Likes (Received): 0
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Train ticket reservation at post office launched
KANCHEEPURAM: A computerised passenger ticket reservation counter at the Sriperumbudur post office, first of its kind in Southern Railway, was inaugurated by Union Minister of State for Railways R.Velu on Friday.
Speaking on the occasion, he said the facility was one of the 17 such counters being established in post offices across the country. The facility would be extended to other post offices depending on the passenger response. Apart from post offices, Indian Railways proposed to utilise the services of village panchayats in remote and hilly areas to extend reservation facility for rural people. The proposal to facilitate booking of train tickets using mobile phones and at petrol bunks was under the active consideration, Mr.Velu told reporters at the function in Sriperumbudur. http://www.hindu.com/2008/09/13/stor...1350480100.htm |
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#92 |
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Registered User
Join Date: Sep 2008
Posts: 105
Likes (Received): 3
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Metro may be extended to Sriperumbudur
Metro rail may be extended to Sriperumbudur.
Here is the link to the article from Times - Chennai Edition: http://epaper.timesofindia.com/Repos...sh-skin-custom The long pending proposal for a rail link between Sriperumbudur and Avadi might be implemented in a new form, as an extended Metro Rail corridor. The authorities are discussing this possibility before a feasibility report can be prepared. According to sources, the state put forward the suggestion to take Metro Rail to Sriperumbudur at a recent meeting held with Metro Rail officials and Southern Railway. The idea is to have an arm connecting Sriperumbudur with corridor II of Metro Rail that passes through Thirumagalam, Koyambedu and Anna Nagar East. If Metro Rail agrees, the railways would have to withdraw the Sriperumbudur-Avadi proposal as it would then amount to duplication. The railways had similarly withdrawn the St Thomas Mount-Koyambedu-Anna Nagar link of the MRTS since Metro Rail will cover the same areas. Meanwhile the proposed Avadi-Sriperumbudur new railway line has already run into rough weather because the state has expressed its inability to part-fund the project and also informed the railways that land acquisition would be troublesome and expensive because of lack of space. So, the railways have asked the state government to convene a meeting with industries to look at the possibility of getting industry funding. However, the railways have also decided to connect Sriperumbudur either to Tambaram, Guduvancheri or Kancheepuram so that the manufacturing hub can be linked to the rail network. A re-survey will be done to finalise the line alignment, railway sources said. But, that too will have to be built using part-funding from state government or industries because railways would not be in a position to execute the project, southern railway chief public relations officer Neenu Ittyerah. The proposal was first mooted when industries, which have a big presence in Sriperumbudur, demanded a link for freight movement to the port or a mass rapid passenger transport system that would take most of the traffic off the road connecting Sriperumbudur to the city. The industries said they were finding it difficult to transport their goods to the port in the heavy traffic. Hyundai, which has doubled its capacity to six lakh cars per annum and is exporting a major chunk of them, is finding it difficult as its containers are getting stuck in traffic jams along the 40 km stretch to the port. “Metro Rail can take a sizeable number of roadusers in the area off the roads. It will not only facilitate faster movement of people from the city to the outskirts, but also unclog the roads and ensure easier transport for the companies there,” a Hyundai official said. According to unofficial statistics, close to 20,000 people commute from the industrial hub to the city everyday. Meanwhile, Chennai Metro Rail Corporation is yet to give its nod to the state government’s suggestion. “The proposal came up while discussing investment details of the Avadi-Sriperumbudur rail link. It needs extensive planning and feasibility surveys as was done for the two metro corridors for the city,” an official said. State government sources said that the issue is expected to come up again at a meeting called for by chief secretary A K Sripathy with the railways to discuss the Avadi-Sriperumbudur rail link; which was originally part of the MoU that Hyundai had signed with the state government when it set up operations in the outskirts of the city in 1999. Officials of the Chennai Metro Rail Corporation are also likely to take part in the meeting next month. LINKING UP Over 20,000 people travel daily on work to Sriperumbudur Most people take the Bangalore highway to Sriperumbudur. Due to the increasing traffic, companies often face delays in transporting their shipments to the port A railway link will save time not only for industries but also commuters, who would be spared of the arduous road travel |
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#93 | |
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When it rains, it pours!
Join Date: Sep 2008
Location: Amsterdam
Posts: 2,730
Likes (Received): 2
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Repeatition
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#94 | |
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Registered User
Join Date: Sep 2008
Posts: 105
Likes (Received): 3
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#95 |
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Registered User
Join Date: Jun 2008
Posts: 83
Likes (Received): 0
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I see no irrelevancy in the article whether being related to Sriperumbudur or not.. I feel that it is related to Sriperumbudur only.. But the contradiction I saw was how a Rail project, primarily to connect factories of Sriperumbudur to the Chennai Port for export and import (I remember Hyundai making open statements stressing the necessity for this SRPMDR-AVADI rail link need to avoid using Trucks to carry their vehicles to the Port), be replaced by a Metro rail. How can a Metro Line run a Goods service along with passenger service??
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#96 |
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Registered User
Join Date: Sep 2008
Posts: 105
Likes (Received): 3
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![]() Since most of the metro rail is going to be above the ground, on elevated tracks, like MRTS, may be they may have some addl line or use the same lines for freight traffic also... They may also be thinking of extending of metro rail to Sriperumbudur to service commuters who work in the area. This would be a good move, purely from a commuter rail perspective and not from the perspective of handling freight traffic also using the same lines... Not sure what the Govt / Railways are thinking... Frankly, i dont think its a good idea to use metro rail for goods traffic. The HYD MMTS service is a good example. The HYD MMTS trains use the same tracks as the mainline / freight trains. Since the freight traffic is heavy in the section between Begumpet and Lingampalli (which falls in the HYD - Mumbai / Pune route), there is very little possibility of increasing the frequency of MMTS trains. This affects the patronage to some extent, as the frequency is about 30-45 min on an average. If metro rail in Chennai is used for freight traffic, it could suffer the same fate. A more realistic solution would be to connect Sriperumbudur to either Avadi or Tambaram side, by laying a new line, which would be much more conducive for freight traffic. |
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#97 |
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Registered User
Join Date: Dec 2007
Posts: 345
Likes (Received): 2
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I don't think they mean they will use Metro for goods transfer. They just say that once metro happens the roads will be less traffic prone and will enable faster movement of carriage vehicles on road. I doubt if they can use metro lines for any other purpose other than passenger traffic.
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#98 | |
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When it rains, it pours!
Join Date: Sep 2008
Location: Amsterdam
Posts: 2,730
Likes (Received): 2
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Metro is juzz for passengers not for freight.. I really doubt whether metro will ease the road traffic that'll mobilize freight... coz once the metro is sanctioned and its on say in about 3-4 years for tat line... the traffic would have been quadrupled or even more than tat by then... This will ease the traffic to a great extent but still will not be sufficient for freight movement.. For freight movement, considering the recent sactions of SEZ in and around Sriperumbudur, you gotta have a dedicated line that connects the chennai and Ennore ports. |
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#99 | |
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Registered User
Join Date: Feb 2007
Location: Chennai/Chicago
Posts: 426
Likes (Received): 1
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#100 | |
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Registered User
Join Date: Jul 2008
Location: Salem
Posts: 85
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__________________
RTI - The second independence for India |
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