Switzerland-based leading chemical manufacturing and marketing company, Huntsman Corporation, has acquired Vadodara-based Metrochem Industries. Financial details of the transaction were not disclosed. Metrochem makes intermediates and specialty products for the textile sector, employing 700 people with current annual sales at around Rs 240 crore. Huntsman plans to expand the Vadodara facility and invest about...
On the occasion of completing its 101 years of its existence, the Bank of Baroda (BoB) had decided to open 24 new branches in Gujarat, a state where BOB has continued to perform well, despite recession. Of this, two branches will be opened by the end of this month in Vadodara, while rest will...
The Government of Gujarat’s Environment and Forest department will start monitoring of Volatile Organic Compounds (VOCs) around industrial clusters in the state from this year. Gujarat’s Finance Minister Vajubhai Vala has sanctioned Rs. 20,00,000/- for VOC monitoring in the state budget, this week. The Volatile organic compounds (VOCs) are organic chemical compounds that vaporize...
Gujarat Chief Secretary D. Rajgopalan who was to retire on July 31, has got five months extension on his existing post by the Gujarat government. The Gujarat government had sought six-month extension for Rajgaopalan but the Central government granted only five months extension. Rajgopalan who was Industries Secretary previously, played important role in successfully...
Ahmedabad Municipal Corporation(AMC) has decided to develop a ‘Kids City’ at Kankaria lake front. In first phase of the proposed city, the AMC will develop 10 children activities such as fire station, police station, bank, hospital, tax collection, public transportation and sports. Children-size structures will be built for these activities. Only children will run...
Gujarat Chief Minister Narendra Modi talked to the media soon after state Finance Minister Vajubhai Vala presented the state budget for year 2009-10. Modi, while talking to the media was happy that his government allotted 73% of total budget for Human Development tasks. Watch more in
Despite the global economic slowdown, Gujarat achieved a high growth rate of 12.79 in 2008-09, state Finance Minister Vajubhai Vala said here Today. Announcing the annual state budget for 2009-10, Vala told the state assembly: “The five-year plan outlay for Gujarat was Rs.23,275 crore and despite implementing the sixth pay commission recommendations coupled with...