Friends, I am starting this new thread for Kakinada region developments..Please Post all the Kakinada matters here..
Kakinada - Projects & Development
Madurai gilli
161 - 176 of 176 Posts
kakinada beach is under development
http://www.inidesignstudio.com/webcontroller/subproject/kakinada-beachfront-development-project
http://www.inidesignstudio.com/webcontroller/subproject/kakinada-beachfront-development-project
Phoenix Group to set up ₹325-cr rice mill in Andhra Pradesh
http://www.thehindubusinessline.com....com/economy/agri-business/phoenix-group-secures-205-mn-debt/article9967550.ece
The Dubai headquartered Phoenix Group, a global agricultural and food company, plans to set up a rice mill with an investment of $50 million (₹325 crore) to process 250,000 of non-basmati rice per annum at Kakinada in Andhra Pradesh.
The $2-billion agriculture-focussed company has also sounded out banks to procure stressed asset in food processing and rice mills. The company has raised $205 million (about ₹1,300 crore) through a consortium of seven banks led by Standard Chartered Bank, Singapore. The company plans to invest the remaining amount to boost its rice business in Mozambique, Benin and Ivory Coast as destinations, and India as origin.
Supported by OFID (the OPEC Fund for International Development), the loan facility was over-subscribed with participation of BNP Paribas, RaboBank, First Abu Dhabi Bank, ICICI Bank and Shinhan Bank.
Rice export
In India, the company logged in turnover of ₹1,500 crore through export of rice from India and import of pluses from Ukraine, Russia, Kazakhstan and Australia.
Gaurav Dhawan, Chairman, Phoenix Group, told BusinessLine that the company has already identified the land required for setting up the rice mill and is in talks with the State government for completing the formality.
“We have also identified 20-40 acres in Uttar Pradesh for cultivating tomato for the export market. Our target is to double revenue from India to ₹3,000 crore in the next four years,” he added.
Despite frequent changes in government policies, Dhawan is confident of sustaining growth in agriculture business in India by focusing on value added products and steering away from baseline commodities that have an impact on inflation.
Though the government has set out its vision to double Indian farmers’ income, he said there has been no constructive policy measures to achieve it. All the government policies are focused on food security and cost management by providing fertiliser at subsidised rate and giving minimum support price to farmers rather than targeting the export market with quality produce, said Dhawan.
If the Government provides the basic road, the private sector will invest in agriculture infrastructure such as putting up processing facility and cold storage to increase farmers’ income, besides sharing the knowledge on crops selection.
In Ukraine, Phoenix is all set to grow garlic on 1,000 hectares to challenge the dominance of China, which is fast losing market share due to contamination issues, he added.
http://www.thehindubusinessline.com....com/economy/agri-business/phoenix-group-secures-205-mn-debt/article9967550.ece
The Dubai headquartered Phoenix Group, a global agricultural and food company, plans to set up a rice mill with an investment of $50 million (₹325 crore) to process 250,000 of non-basmati rice per annum at Kakinada in Andhra Pradesh.
The $2-billion agriculture-focussed company has also sounded out banks to procure stressed asset in food processing and rice mills. The company has raised $205 million (about ₹1,300 crore) through a consortium of seven banks led by Standard Chartered Bank, Singapore. The company plans to invest the remaining amount to boost its rice business in Mozambique, Benin and Ivory Coast as destinations, and India as origin.
Supported by OFID (the OPEC Fund for International Development), the loan facility was over-subscribed with participation of BNP Paribas, RaboBank, First Abu Dhabi Bank, ICICI Bank and Shinhan Bank.
Rice export
In India, the company logged in turnover of ₹1,500 crore through export of rice from India and import of pluses from Ukraine, Russia, Kazakhstan and Australia.
Gaurav Dhawan, Chairman, Phoenix Group, told BusinessLine that the company has already identified the land required for setting up the rice mill and is in talks with the State government for completing the formality.
“We have also identified 20-40 acres in Uttar Pradesh for cultivating tomato for the export market. Our target is to double revenue from India to ₹3,000 crore in the next four years,” he added.
Despite frequent changes in government policies, Dhawan is confident of sustaining growth in agriculture business in India by focusing on value added products and steering away from baseline commodities that have an impact on inflation.
Though the government has set out its vision to double Indian farmers’ income, he said there has been no constructive policy measures to achieve it. All the government policies are focused on food security and cost management by providing fertiliser at subsidised rate and giving minimum support price to farmers rather than targeting the export market with quality produce, said Dhawan.
If the Government provides the basic road, the private sector will invest in agriculture infrastructure such as putting up processing facility and cold storage to increase farmers’ income, besides sharing the knowledge on crops selection.
In Ukraine, Phoenix is all set to grow garlic on 1,000 hectares to challenge the dominance of China, which is fast losing market share due to contamination issues, he added.
Joined
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22 Posts
Kakinada should take up Smart City projects fast
http://www.deccanchronicle.com/nati...tion/in-other-news/220118/kakinada-should-take-up-smart-city-projects-fast.html
Resident welfare associations demand setting up of vending zones.
Kakinada: Kakinada Smart City Corporation Limited is planning to immediately take up projects under the Smart City concept for the interests of the people. According to sources, the KSCCL is taking up major projects. But, this is not yielding good results.
There are several criticisms against the Smart City project saying that though the Union Government releasing crores in the form of funds for making Kakinada a Smart City, work has not yet been completed in the past two years.
The officials of Smart City conducted brainstorming sessions with Resident Welfare Associations, Slum Level Federations, NGOs, Chamber of Commerce, Youth Associations, Technical Experts and others. The Smart City Chief Executive Officer J. Sujay Arun said that representatives of various organisations identify projects that can be quickly implemented and give suggestions.
Several people who participated in the conference said that vacant spaces should be given out for public use.
They said that the main road starting at Two Town Center and going upto Jagannaickpur bridge was widened almost four years back. But, the space has not been utilised so far. They advised officials to develop the road for traffic movement.
The Resident Welfare Associations of Kakinada City President Y.D. Rama Rao suggested that vending zones should be set up for the convenience of vendors.
He suggested that roadside areas may be suitable vending zones and fruit vendors can sell their products out here. He also said that pig and dog menace should be solved with immediate effect.
He added that the Kakinada Municipal Corporation is having a lot of vacant sites and all these sites should be utilised by building walking tracks and children play area.
Many residents said that the Rail Over Bridge at Kondaihpalem should be completed in three to six months time instead of two years.
They said that due to non-completion of the bridge, the people are facing a lot of traffic problems in particular railway gates.
Few citizens adviced officials to make use of vacant places under flyovers and set up parking spaces out there.
Mr Arun said that all opinions and suggestions would be taken into consideration and a proper plan of action will be prepared after discussions are held with officials.
- Vicky Kumar,
M. Gumadam village,
Gajapathinagaram .
http://www.deccanchronicle.com/nati...tion/in-other-news/220118/kakinada-should-take-up-smart-city-projects-fast.html
Resident welfare associations demand setting up of vending zones.
Kakinada: Kakinada Smart City Corporation Limited is planning to immediately take up projects under the Smart City concept for the interests of the people. According to sources, the KSCCL is taking up major projects. But, this is not yielding good results.
There are several criticisms against the Smart City project saying that though the Union Government releasing crores in the form of funds for making Kakinada a Smart City, work has not yet been completed in the past two years.
The officials of Smart City conducted brainstorming sessions with Resident Welfare Associations, Slum Level Federations, NGOs, Chamber of Commerce, Youth Associations, Technical Experts and others. The Smart City Chief Executive Officer J. Sujay Arun said that representatives of various organisations identify projects that can be quickly implemented and give suggestions.
Several people who participated in the conference said that vacant spaces should be given out for public use.
They said that the main road starting at Two Town Center and going upto Jagannaickpur bridge was widened almost four years back. But, the space has not been utilised so far. They advised officials to develop the road for traffic movement.
The Resident Welfare Associations of Kakinada City President Y.D. Rama Rao suggested that vending zones should be set up for the convenience of vendors.
He suggested that roadside areas may be suitable vending zones and fruit vendors can sell their products out here. He also said that pig and dog menace should be solved with immediate effect.
He added that the Kakinada Municipal Corporation is having a lot of vacant sites and all these sites should be utilised by building walking tracks and children play area.
Many residents said that the Rail Over Bridge at Kondaihpalem should be completed in three to six months time instead of two years.
They said that due to non-completion of the bridge, the people are facing a lot of traffic problems in particular railway gates.
Few citizens adviced officials to make use of vacant places under flyovers and set up parking spaces out there.
Mr Arun said that all opinions and suggestions would be taken into consideration and a proper plan of action will be prepared after discussions are held with officials.
- Vicky Kumar,
M. Gumadam village,
Gajapathinagaram .
Joined
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18 Posts
What happened to kakinada beach project...? Ento ee daridram ..
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