Bidding for state-owned National Textile Corporation”s 33,222 square metre plot in Ahmedabad gathered more momentum on the second day of auction, taking the highest bid to Rs 95.61 crore. The bidding process, which would close on December 31, saw a highest bid of Rs 90.31 crore on the first day for its New Manekchowk...
Monthly Archives: December 2010
RBI decides to withdraw all coins below 50 paisa
The government of India has taken a decision to withdraw ’25 paisa’ coin from circulation from June 30 2011. From this day the 25 paisa coins will cease to be legal tender in the country. The days of ‘chavanni’, ‘chhar aanaa’, ‘paavli’ will be over. ‘The minimum denomination coin acceptable for transaction will be...
This is why it makes sense to set up a textile mill in Gujarat
When Gujarat Chief Minister Narendra Modi asked Tamil Nadu’s Textile industry people in Chennai to come and set up textile mill in Gujarat, the Textile tycoons found this offer worth taking, primarily because of the fact that cotton – the main row material for textile product comes from Gujarat. Now if somebody has textile...
Hyundai officials visit Dholera to scout the land to set up a car plant
Buzz is powerful this time about possible entry of Hyundai’s car manufacture plant in Gujarat. It is reported in several media publication that Hyundai team recently visited Gujarat’s Dholera to explore possibility of setting up a car plant there. Read three different articles telling the same story on this. After Nano, Modi to drive...
Amul hikes milk prices by Rs 2
Gujarat’s largest milk producer, Gujarat Cooperative Milk Marketing Federation (GCMMF) marketing dairy products under the brand ‘Amul’ on Tuesday announced a pan-India hike in milk prices by Re 2 per litre. “We have increased prices of our various brands by Rs one to Rs two, which will come in to effect from December 30...
Gujarat govt. to open a world-class incubation centre near Ahmedabad
During an interaction with the alumni students of IIM Ahmedabad on Monday, the Gujarat Chief Minster Narendra Modi said Gujarat will open a world-class incubation centre near Ahmedabad. The project will be developed in public-private partnership(PPP) mode. Experts in various areas are being invited to be part of this. Apart from IIM-A representatives(Modi named...
GSPC discovers “huge reservoirs” in Ankleshwar
Gujarat’s state-run oil and gas explorer Gujarat State Petroleum Corporation (GSPC) has discovered “huge reservoirs” of gas at one of its 41-S well, the shale gas zone in Ankleshwar according to PTI report. The report says that several million cubic feet per day (MCF) of gas, along with some oil during clean up, was...
Gujarat to have pilot emissions trading scheme(ETS) tied with air pollution
According to LiveMint report, Gujarat will soon have India’s first domestic emissions trading scheme (ETS) tied to air pollution. It will be implemented under a cap on air pollutants set by the state pollution control boards a pilot for the rest of the country for six months. Only two states Gujarat and Tamilnadu are...
Gujarat’s 3,502 villages to see financial inclusion by March 2012
Business Standard report suggests that according to State Level Bankers’ Committee (SLBC), there are 3502 villages in Gujarat having population over 2,000 that are going to get banking service by March 2012. Government of India initiated the Financial Inclusion Plan in which banks have to cover initially the villages having population over 2,000 which...
Bees bring sweet business for Gujarat’s farmers
This report published in German website is about Gujarat’ Bee farmers. The story is about a company ‘Under the Mango Tree(UTMT)’ that trains southern Gujarat’s village people to increase farm income through beekeeping. Interesting report can be reached through this link – click here UTMT website
Jordan’s Hikma Pharma plans to buy 30% in Unimark Remedies
Jordan-based Hikma Pharmaceuticals is planning to buy 30% stake in Mumbai-based API maufacturing firm Unimark Remedies Limited according to DealCurry report. Unimark has two active pharmaceutical ingredient (API) plants at Vapi and Bavla, in Gujarat, both USFDA approved, and a third one in Khopoli, Maharashtra. The total investment on the units is approximately $66...
ADB considering loans for Gujarat’s 580-MW Solar Power Project
The Asian Development Bank may provide loans to a 580-megawatt solar power park in Charanka village of Gujarat, according to Bloomberg report. The project will use both solar photovoltaic and solar thermal power.For solar photovoltaic projects, energy from the sun is converted directly to electricity, while in solar thermal projects, the sun’s energy is...