Tata Group chairman Ratan Tata’s threat to pull the Rs 1,500-crore Nano small-car project out of West Bengal in the face of violence and protests over farmland acquisition has deepened the gloom over the Left Front government’s industrialisation drive, with most of its larger and more ambitious infrastructure projects already on hold over land issues. […]
Tag: West Bengal
Mahindra Decides To Be Slow On Bengal SEZ Project
July 9, 2008 – 8:33 am
Mahindra & Mahindra (M&M) has decided to go slow on its world city project in Bengal. The conglomerate, with interests ranging from automobile and real estate to IT, financial services and infrastructure, had planned to invest Rs 4,000 crore in Bengal over the next few years to develop the 100-acre IT special economic zone (SEZ) […]
UK’s Eredene Cap Picks Up 50% Stake In AILPL
July 4, 2008 – 1:15 am
UK-based Eredene Capital has picked up a 50% stake in Apeejay Infra-Logistics (AILPL), the infrastructure arm of Kolkata-based Apeejay Surrendra Group. The group is setting up a state-of-the-art logistics park in Haldia in West Bengal’s West Midnapore district. Eredene Capital has invested Sterling Pound 5.25 million or Rs 42 crore to pick up the 50% […]
Five Million Tonnes Steel Plant In West Bengal
July 1, 2008 – 1:21 am
KOLKATA: JaiBalaji Steel, which is investing Rs. 16,000 crore to set up a five million tonnes steel plant in West Bengal, is set to begin construction by this year on its project located in Raghunathpur in Purulia, which is one of the backward districts in the country. Addressing a press conference here, Aditya Jajodia, Chairman […]
Energy Saving Technology In Siddha Group Project
June 6, 2008 – 1:39 am
The West Bengal Green Energy Development Corporation Ltd (WBGEDCL) for the first time has tied-up with the real estate development company Siddha Group for transferring the information about energy saving in its forthcoming studio and serviced apartments project in Rajarhat, called Xanadu. On 4th June S P Gon Choudhury, managing director of WBGEDCL said that […]
Salarpuria Plans Hotel In Rajarhat
April 16, 2008 – 7:44 am
Kolkata-based real estate developer Salarpuria Group will execute projects worth Rs 1,000 crore in West Bengal by 2010. Mr. Rakesh Salarpuria, vice chairman of the Salarpuria Group, said that the expansion plans includes setting up a Novotel Hotel, promoted by international hospitality major, Accor Group, at Rajarhat. The investment in the project would be close […]
