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Old October 20th, 2010, 09:48 AM   #61
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Videocon to invest 10,000 crores n MP

Consumer electronics and home appliances company Videocon, plans to invest a sum of Rs 10,000 crore in Madhya Pradesh for setting up a power plant, Television manufacturing unit and for building a hospital, a top company official has said.

"This investment will include about Rs 7,200 crore for a 2,400 MW power plant, a TV manufacturing unit and for building a hospital," Director of the company Venugopal Dhoot, who met Chief Minister Shivraj Singh Chouhan on Monday, said.

Based in India, the Videocon group has manufacturing sites in countries like China, Poland, Italy and Mexico.

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Old October 20th, 2010, 01:07 PM   #62
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nice updates SSCadict and MP04
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Old October 23rd, 2010, 07:53 PM   #63
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Madhya Pradesh inks 107 MoUs worth Rs 2.35 lakh crore

Khajuraho (MP), Oct 23 (PTI) In a bid to ensure rapid growth, Madhya Pradesh government has inked 107 MoUs worth Rs 2,35,966 crore with various investors. Highlighting the government''s investment-friendly policies, the State Chief Minister, Shivraj Singh Chouhan, assured the investors while addressing the concluding session of the two-day-long Global Investors Meet here that these MoUs would be monitored regularly and implemented at a rapid pace. Chouhan assured investors that the state would develop adequate infrastructure including air-strips and helipads in each district to ensure unhindered growth of the state. However, about roads, he asked the Centre to ensure proper development of national highways in the state or else hand over them to the state government for maintenance. He said that the government will provide more facilities to those investors who invest over Rs 20,000 crore and provide employment to large number of local people. Chouhan also urged the investors to invest in the tourism sector in the state given its immense potential. Besides energy which attracted as many as 15 MOUs worth Rs 76,080 crore, other sectors which attracted major interest are food processing (seven MOUs worth Rs 534 crore) Health (two MOUs worth Rs 400 crore), Renewable Energy sector (four MOUs 1,200 crore), government sources said. Praising Chouhan for signing MoUs worth over Rs 2.35 lakh crore, Union Minister of State for Heavy Industries, Arun Yadav assured all support from the Centre to the investors investing in Madhya Pradesh. He also assured them that both Centre and State will work in coordination for the development of necessary infrastructure in the state. .
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ADAG plans Rs 75,000-cr investment

The Reliance Anil Dhirubhai Ambani Group (ADAG) today said it would scale up its quantum of investment in Madhya Pradesh to Rs 75,000 crore from Rs 50,000 crore over the next five years in sectors like power and cement.

“If it is translated in terms of per hour investment, within the last two hours, we have invested Rs 5 crore. This is our commitment. We are investing Rs 60 crore per working day,” Group Chairman and Chief Executive Officer Anil Ambani said while delivering the keynote address at the concluding ceremony of the two-day Khajuraho Global Investors Meet –II here. These investments would create 0.1 million jobs in the state, claimed Ambani. Giving details about the slew of projects the group had chalked out, he said the group’s two power plants in the state would have a combined capacity of 12,000 megawatt (Mw).

Reliance Power, an ADAG arm, is developing a 4,000-Mw coal-based ultra mega power projects at Sasan and another plant of similar capacity at Chitrangi in Singrauli district.
The group would develop India’s largest private sector mine in the state, with a production capacity of 25 million tonnes of coal per annum.

Ambani said they had decided to increase the capacity of their proposed cement plant in Chitrangi to 20 million tonnes from 10 million tonnes. “Considering the large coal fly ash to be generated from these power plants, we will convert limestone and fly ash into high-class cement, and with the support of the state we are ready to double the capacity of our proposed cement plant from 10 million tonnes to 20 million tonnes,” Ambani said.
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Old October 24th, 2010, 07:59 AM   #64
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good job sscAddict
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Old October 24th, 2010, 06:18 PM   #65
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Essar to invest Rs 2K crore on cement, ferro-alloy unit in MP

KHAJURAHO: Diversified conglomerate Essar Group has firmed up plans to invest over Rs 2,000 crore to set up a new cement and ferro-alloy unit in Madhya Pradesh as part of its mega-investment programme in the state.

The group, which has already committed investments worth around Rs 8,000 crore in the state across sectors like steel, power and telecom had last week entered into a pact with the Madhya Pradesh government for a cement and ferro-alloys project.

"We (have) sign(ed) MoUs for setting a cement plant and a ferro-alloys plant with a total investment of over Rs 2,000 crore. We are happy to participate in the growth potential of the state and be a part of industrial development of this state," Essar Group Chairman Shashi Ruia said after attending a global investment meet here.

The group will set up a cement plant with an annual production capacity of five million tonnes. The plant will be built in two phases, with 2 million tonnes of capacity established in the first stage.

The 1-lakh tonne per annum ferro-alloy plant will be built in two phases of 50,000 tonnes each.

"The state offers significant growth opportunities in every sector of the economy whether it is agro and food processing or manufacturing or power generation or tourism or services and higher education.

"This, coupled with excellent irrigation facilities, self-sufficiency in power, abundant natural resources, skilled manpower and above all, the favourable investment climate created by Chief Minister Shivraj Singh Chauhan, makes the state a must-be destination for investment," Ruia said.

To create a talent pool for its projects in the state, the Essar Group said it aims to establish a training academy to impart technical skills to the locals.

"We would like to set up an academy for training the youth of this state in the field of various engineering skills and thereby empower them. We have recently started this process at our Hazira facility and over 250 boys and girls have been enrolled in this academy and at the end of their education, they would be armed with requisite technical skills and knowledge," he added.

The group runs an integrated steel plant in the port town of Hazira, Gujarat.

The two-day investment meet at Khajuraho saw companies like Essar, Videocon, NTPC, GAIL committing investments worth billions of dollars to the state.
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Old October 25th, 2010, 09:17 PM   #66
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Dhirubhai Ambani University to be set up in Bhopal soon

With an aim to provide focused studies and research in Information and Communication Technology (ICT), the Reliance Anil Dhirubhai Ambani Group on Thursday announced the setting up of the Dhirubhai Ambani University (DAU) here on the eve of the Global Investors Meet.




"A high quality University at Bhopal that offers programmes in Information Technology is a priority for a state like Madhya Pradesh that is on the vanguard of making great strides in economic development on the strength of its intellectual resources," Reliance ADA Group, Chairman, Anil Ambani said in his statement on the occasion.

The DAU will be soon set up in 110 acres of land and the Reliance ADA Group has earmarked Rs 100 crore for developing higher education in Madhya Pradesh, a company release said.

The Government of Madhya Pradesh has issued a letter of intent and also provided land for the proposed varsity.

"The University will provide focused studies and research in ICT and also focus on niche programmes relevant to the economic development of the state," it said.

The DAU will offer both undergraduate and postgraduate programmes with emphasis on research activities in ICT and allied areas, it said.

Madhya Pradesh Government is holding a two-day long Global Investors Meet at Khajuraho from tomorrow with an aim to attract investment in the state.


Source:TOI
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Old November 23rd, 2010, 01:53 PM   #67
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MP approves Rs 286.53 Cr for DMIC project

The Madhya Pradesh cabinet has accorded financial approval of Rs 286.53 crore for acquiring 1,250 hectares of land for the Delhi-Mumbai Industrial Corridor (DMIC) Project.

The Cabinet has approved the proposals for sanctioning necessary funds for the selected “early birds” projects under the DMIC project like “Construction of Economic Corridor between Indore Airport and Pithampur”, “Development of Integrated Multi-Model Logistic Hub near Pithampur”, “Management of water supply and cleaning dirty water at Pithampur Industrial Area”, “Establishment of Knowledge City in Ujjain district”, “Greenfield Integrated Township”, “Establishment of Industrial Development Centre at Betma-Pithampur area under the proposed project of Pithampur”.

The Cabinet has decided that against the necessary funds of Rs 286.53 crore, Rs 25 crore should be made available through budget of the year 2010-11 and the Audyogik Kendra Vikas Nigam, Indore and Ujjain should make available Rs 20 crore from their funds.

For making available the remaining amount, Trade and Investment Facilitation Corporation (TRIFAC) should take loan from financial institutions. The government will give guarantee for the loan, an official statement said.

For repayment of the loan, the state government will give interest-free loan to TRIFAC every year through budgetary provisions.
Additionally, the share capital of the Special Purpose Vehicles (Companies) to be set up for different projects will be made available.

In the form of equity and financial assistance for these projects, the Delhi-Mumbai Industrial Corridor Development Corporation will also make available funds as per decisions to be taken at the Central Government level.
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Old December 19th, 2010, 01:59 PM   #68
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What happened to the Chambal Bridge?

Why did it collapse and what is the latest in its contruction?
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Old December 21st, 2010, 05:31 PM   #69
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Express Hospitality

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Best Western India partners with The Horizon Group

First property at Indore, Madhya Pradesh

EH Staff – New Delhi

Best Western India, in association with Indore-based developers, The Horizon Group, are developing a new hotel property - Best Western Hotel Horizon, at Indore. This will be Best Western India’s first hotel in the state.

Currently under construction the 103 room, four-star deluxe hotel is scheduled to be operational by October 2011. The hotel will be located in the heart of the city at South Tukoganj.

Sudhir Sinha, president and COO of Best Western India said, “Indore, known for its architectural splendor and touristic delights is also a host to many industries, like automobile, textile, IT, etc. We aim to provide the Best Western traveller the same quality that is seen the world over. The Horizon Group with its experience in the real estate and event blends well with our expansion plans and search for new partners across India.”

Nikhil Kothari, chairman and managing director of The Horizon Group, a leading real estate group in Indore, said “Our high benchmarks in quality, design and budget will be seen in this new property, which also will officially announce the group's foray in the hospitality sector. Best Western with its mature understanding of the domestic and international markets will help us stand out to cater to the specific needs of travellers.”

Apart from other facilities Best Western Horizon Hotel will also have separate multi-cuisine, Kebab and Chinese restaurants, one roof top restaurant as well as a coffee shop. The hotel will also have an extensive banqueting and conference space.
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Old December 28th, 2010, 08:26 AM   #70
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Pugdundee Safaris to open two jungle resorts in Madhya Pradesh in 2011

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Pugdundee Safaris will open two jungle resorts in 2011 in Madhya Pradesh. The resorts will come up in Pench and Satpura National Park, which will have an inventory of 12 cottages. This information was given by Shyamendra Singh, Founder, Pugdundee Safaris.

Pugdundee Safaris, which owns and manages four eco-lodges in the tiger reserves of Madhya Pradesh — one in Panna (Ken River Lodge), two in Bandhavgarh (Kings Lodge and Tree House Hideaway) and one in Kanha (Kanha Earth Lodge) — also has future plans to venture out of Madhya Pradesh.

Singh further said that the company will explore opportunities in areas frequented by snow leopards in the Himalayas. Some places in Himachal Pradesh and Ladakh have been identified for the same. In Ladakh, the company has plans to tie up with a local partner because of restrictions on ownership. “We can definitely impart our expertise and marketing tools for the local partner there,” he informed. Besides, the company plans to overcome the lean season, when the park closes in June in Madhya Pradesh during the monsoon, by going to the Himalayas.

Nepal is another destination, which the company plans to explore as part of their expansion. With the political scenario in Nepal improving, Singh said that he would explore opportunities in the Himalayan nation with some local partners.
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Old December 28th, 2010, 09:03 AM   #71
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Old December 28th, 2010, 10:36 AM   #72
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MP ranks 5th in FDI for 1st half of 2010

Maharashtra and the National Capital Region accounted for over 50 per cent of foreign direct investment inflows into the country during the first half of 2010-11, says the latest Industry Ministry data.

Maharashtra attracted the maximum foreign direct investment (FDI) of about $2.67 billion (Rs. 12,275 crore) during April-September, 2010, accounting for 34 per cent of the total FDI in the country during the period.

Delhi's National Capital Region (NCR), including parts of Uttar Pradesh and Haryana, received $1.96 billion (Rs. 8,961 crore) of FDI during the period.

NCR accounted for 20 per cent of the total FDI in the country. During the period, India attracted $11 billion of FDI, the data said.

According to experts, the good infrastructure of states like Maharashtra and Delhi made them more attractive FDI destinations than states with poor roads and power facilities.

Karnataka was the third-most preferred FDI destination in the country, attracting $1.04 billion during the period, followed by Andhra Pradesh ($491 million), Madhya Pradesh ($398 million) and Tamil Nadu ($331 million).

"Infrastructure in these areas has improved considerably and that is making them attractive destinations for FDI in India," said Rakesh Joshi, an international trade expert at the Indian Institute of Foreign Trade.


http://profit.ndtv.com/news/show/ove...y-11-132106?cp
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Old December 30th, 2010, 10:13 AM   #73
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Amity University to expand in India, abroad

Education group Amity University plans to expand its presence in the country and abroad by opening more campuses.

In India, Amity has two campuses in Uttar Pradesh and Rajasthan but plans to open a campus in every region in the next 8-10 years. Of these, a campus in Gwalior (Madhya Pradesh) and Manesar (Gurgaon, Haryana) will be operational soon.

The ‘Gurgaon campus’ in its first phase require Rs 60 crore. Further investments will happen as more blocks come up and programmes start rolling out. Usually, a university campus takes about five phases to be complete.
As for its foreign operations, Amity recently opened campuses in Singapore and London in collaboration with Anglia Ruskin University that will award degrees to students. The two foreign campuses are already up and running.

http://www.business-standard.com/ind...abroad/372184/
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Old December 30th, 2010, 05:40 PM   #74
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Old December 31st, 2010, 06:29 AM   #75
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Government gives ‘go ahead’ to ten private universities

Bhopal: In what can be termed as a 'grand gift' for Madhya Pradesh in the field of education, the state government has given a ‘go ahead’ to ten new private universities, which is a landmark move towards higher education.

The new universities are likely to come into existence in 2011. In lieu of The Letter of Intent (LOI) issued by the government, each university has submitted configuration money of Rs5 crore.

The coming year will prove to be a landmark year to make Madhya Pradesh an education hub. Institutions and education foundation are approaching the state with an increasing rate. Another 20 institutions have send proposals to the state government for opening private universities in the state.

Target cities

The existence of a university in a particular area, leads to the development of that entire place. Bhopal, Gwalior and Indore are the target cities for the new universities. Now the state government will have to ensure that the new universities must be placed in backward and under developed areas, in order to develop the entire state.

List of ten new private universities

1. Amity University, Gwalior
2. ISECT University, Medua Raisen
3. Oriental University, Indore
4. ITM University, Gwalior
5. AKS University, Satna
6. Techno Global University, Sironj, Vidisha
7. People’s Private University, Bhanpur, Bhopal
8. Jagran Lake City University, Bhopal
9. Dhirubhai Ambani University, Bhopal
10. Institute of Chartered Financial analyst of India, devas

http://daily.bhaskar.com/article/MP-...s-1704261.html
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Old January 7th, 2011, 07:43 AM   #76
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a very good news


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Old January 13th, 2011, 04:58 PM   #77
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Quote:
Bina refinery to go commercial in mid-Feb

Bharat Oman Refineries (BORL), a joint venture of state-owned Bharat Petroleum Corporation (BPCL) and Oman Oil Co, will start commercial production from its newly built Bina refinery in Madhya Pradesh by mid-February.

The 6-million tonnes a year unit will "start producing fuel by February 15", a company official said. "We are trying to get Prime Minister Manmohan Singh to inaugurate the refinery."

The refinery started operations last June and "sequentially commissioning" of unit would be completed by the end of this month.
The official said BORL plans to expand the annual capacity of its newly built Bina Refinery to 15 million tonnes by 2016-17.

The Rs 11,397 crore Bina Refinery started its main unit -- the Crude Distillation Unit (CDU) -- on June 29.

"All other units of the refinery are being commissioned sequentially and full commercial production should start by mid-February," he said.

Once it is fully commissioned, BORL would go in for a pre-feasibility study for expansion. An investment decision would be made based on the findings.

OCC holds a 26 per cent stake in BORL, while the rest is with BPCL.

Although the 6-million tonnes per annum Bina Refinery was to be mechanically completed in December, 2009, it could not start processing crude oil as state-owned BHEL had not completed a 99-MW captive power plant on time.

BHEL was to set up a captive power plant at the refinery by May, 2009, but implemented the project a year late. Besides supplying power to the refinery, the 99-Mw unit was also meant to provide steam for conversion of crude oil into petroleum products.

While nearly half of the refinery output will be diesel, it will also produce 0.6 million tonnes each of petrol and jet fuel. All the products produced would be for sale within the country.

"However, if there is an excess of naphtha that is not sold in India, it will be exported," the official said.

Crude oil for the refinery is being imported mainly from Saudi Arabia. BPCL has already contracted 0.5 million tonnes of crude oil from Saudi Arabia to start the refinery.

BORL has laid a 1,000-km-long pipeline from Vadinar, in Gujarat, to Bina to bring crude oil to the refinery.

BPCL currently owns a refinery with an annual capacity of 12 million tonnes in Mumbai and a 9.5-million tonnes unit in Kochi. It also owns a majority stake in the 3 million tonnes a year Numaligarh Refinery.
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Old January 14th, 2011, 05:56 PM   #78
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nice one!!
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Old January 20th, 2011, 10:03 AM   #79
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Deere to invest $100M in India


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Deere & Co. will invest approximately $100 million in India to increase its capacity to build agricultural tractors in the growing Indian market.

The Moline-based equipment manufacturer announced plans Wednesday to expand its current tractor facility in Pune and build a new factory elsewhere in the country. Both factories will build small John Deere agricultural tractors to be sold in India and exported to other countries.

The new factory, which should begin production in the fall of 2012, is expected to employ up to 800 people, Deere spokesman Ken Golden said. A location for the new factory has not been determined, but he said the company is considering two states in central India — Madhya Pradesh and Gujarat, both located north of Pune.

“John Deere will continue to pursue opportunities to grow in our core businesses of agriculture and construction equipment around the world,” Deere chairman and chief executive officer Sam Allen said in a news release. “We have been successful in growing our tractor market share in India and will invest to continue that success.”

Deere said the action better positions the company to pursue the considerable growth projected in the Indian tractor market. John Deere India has been the largest exporter of tractors in India for the past five consecutive years.

Golden said the two factories will produce a low horsepower John Deere tractor introduced and designed in that market. The model, he said, “was designed specifically for the needs of Indian customers and at a price that is affordable.”

Most of Deere’s utility tractors sold in the United States are manufactured in Augusta, Ga., but Golden said the Pune factory’s tractors are sold in 70 countries, including the United States.

The new expansion comes on the heels of other recent investments Deere has made in India. In September, the company broke ground on a new factory for building grain harvesting equipment. In early 2010, the company inaugurated a new John Deere Water facility.

In addition, Deere opened a technology and engineering center in Pune in 2005 and is involved in a joint venture with Ashok-Leyland — a technology leader in India’s commercial vehicle industry — to build construction machinery.

“India will be an important contributor as the world works to meet the growing demand globally for food production,” Allen said. “For Deere to maintain and expand its leadership role, we must be active in many economies around the world.”

The company traces its history in India back nearly 60 years. “We have records showing we sold tractors as early as 1948 there,” Golden said. But it was the joint venture with Ashok-Leyland in 1997 that launched the company’s latest investments there.

“Like some other companies that are growing in agriculture equipment there is a movement to mechanize agriculture (in India) much like the U.S. saw several decades ago,” he said. “The customer in India is looking to be more productive and work larger land plots than are possible with manual labor.”

The Indian expansion marks the second major overseas investment that Deere has announced in the past month. In mid-December, Deere unveiled plans to build a $50 million construction equipment factory in China. The company is targeting the summer of 2012 to begin preliminary manufacturing there.

“Our focus is on customers whose work is linked to the land and we believe that we enhance our ability to serve these customers by manufacturing in or near where they use their products,” Allen said in the release.
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Old January 22nd, 2011, 10:03 AM   #80
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very good india101
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