Israel’s India based consulate Mr. Mark Sofer today called on Gujarat... »
International
RBI suspends Vadodara based Asia’s oldest cooperative bank’s license
Reserve Bank of India has suspended the license of Asia’s oldest Cooperative bank: Anyonya Co-operative Bank Limited (ACBL) Vadodara(Gujarat) for six months after examining all options for their revival. RBI has also ordered to stop all transactions. The Reserve Bank of India ordered the bank to stop most of its operations under Section 35A... »
Israel cosulate visits Gujarat CM
Israel’s India based consulate Mr. Mark Sofer today called on Gujarat Chief Minister Shri Narendra Modi in capital Gandhinagar and expressed interest in extending cooperation of Israeli companies to Gujarat’s manufacturing sector. Chief Minister Modi invited Mr. Sofer an senior delegation of Israel to participate in Vibrant Gujarat summit 2011. »
Ras Al Khaimah Free Trade Zone to hold business meet in Ahmedabad
Trade officials from Ras Al Khaimah Free Trade Zone (RAK FTZ), a world class business hub 45 minutes from Dubai, will be visiting Ahmedabad next week to identify potential investors, particularly from among the SME sector to explain how, with an initial investment of only INR 2.3 Lakhs, they can set up an office... »
ABB starts wind power generator plant in Vadodara
ABB’s fourth factory dedicated to making generators for wind turbines has been inaugurated in Gujarat, as the Swiss engineering firm trains its focus on the ascendant Indian wind market. Located in Vadodara, the plant is capable of churning out 100 generators rated up to 2.5MW each month, and will employ 150 people. Despite the fact that... »
Industry majors of South Korea & Taiwan evince keen interest in Gujarat
The first international delegation led by Mr. Ravi Saxena, IAS, Additional Chief Secretary, Government of Gujarat to promote the Vibrant Gujarat 2011 investment summit and invite investments into Gujarat, has received overwhelming response with the participation of about 80 Korean companies and trade associations in the roadshow that was organized on 16th August at Seoul. “Senior representatives... »
First international road show for Vibrant Gujarat Summit 2011 begins in Taiwan and South Korea
The first roadshow for marketing of Vibrant Gujarat Global Business Summit 2011 in undergoing at South Korea and Taiwan presently. The roadshow started on 12 August and will continue till 18. The delegation is meetings companies involved in IT-manufacturing, petro chemicals and port, including companies scheduled like Hyundai, Samsung and LG. Gujarat is being promoted in... »
Coming up: Japanese joint venture steel plant of Mitsui - Ruchi Group in Kutch
According to a news report published in Mint, Japan’s Mitsui is planning a new steel plant in Gujarat with its Indian partner Ruchi Group. The govt of Gujarat has initiated the process of transferring about 950 ha of govt land for this purpose. The company has already acquired about 50 ha of private land... »
NIIT and Sports Authority of Gujarat ink MOU
Sports Authority of Gujarat and NIIT today signed an MoU to provide chess training to youths in a high-tech way. The MoU was singed in the presence of state sports minister Minister Fakirbhai Vaghela, state secretary to sports youth and cultural ministry Bhagyesh Jha said in a release here. Jha said world chess champion Vishwanathan... »
Adani Enterprises buys Australian coal asset for $2.7 billion
Gujarat-based Adani Enterprises, part of the Rs.30,000-crore diversfied Adani Group, has acquired the coal mine assets of Linc Energy of Australia for a cash and royalty package worth $2.7 billion to expand the group’s energy business. ‘The purchase consideration is AUD 500 million ($455 million) plus a royalty payment for a... »
Kutch’s Hodko tourist facility wins Pata Gold award
Pacific Asia Travel Association(PATA) a not-for-profit membership association has announced the winners of the 2010 PATA Gold Awards, sponsored by the Macau Government Tourist Office. This year the awards recognise the achievements of 24-separate organisations and individuals. Gujarat’s Kutch based Hodko rural tourism resort has won PATA Grand Award 2010 in Heritage section. The awards... »