Israel’s India based consulate Mr. Mark Sofer today called on Gujarat... »
Infrastructure
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. »
Adani’s Dahej solid cargo port begins operation
Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company said today. The port will cost a total of Rs 1,150 crore, almost half of which has already been infused. “Mundra Port and Special Economic Zone (MPSEZ) announces commencement of operations of the dry bulk cargo port... »
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... »
Aircel launches GSM mobile service in Gujarat
Aircel, the fifth largest service provider in India, launched its GSM (Global System for Mobile) mobile services in Gujarat and became the ninth GSM provider in the state. The company roped in Bollywood actress Prachi Desai to launch its services, who was exited about “Pocket Internet” facility of Aircel. Gujarat, with population of more than 6... »
Gujarat Pipavav Port IPO subscribed nearly 19 times
The Rs 500 crore public issue of Gujarat Pipavav Port (GPPL) has received overwhelming response from investors. The issue, which closed today, has been subscribed 18.67 times, as per the NSE website. Qualified institutional investors’ portion closed on Wednesday, which got subscribed 13.2 times. Till August 25, non-institutional and retail investors subscribed 1.2 times &... »
Chintan Parikh is new GCCI President, Mahendra Patel, Prakash Bhagawati Vice President
Chintan Parikh, Chairman and CEO of Ashima ltd is new President of Gujarat Chamber of Commerce and Industry(GCCI). Parikh was appointed today by High Power Committee of GCCI. Leading industrialist of Gujarat, Parikh is IIM Ahmedabad alumni and board member. He is known in Ahmedabad for his public service works including redevelopment and upkeeping of... »
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... »
Reliance re-opens 162 petrol pumps in Gujarat
It’s the effect of decontrolling of petrol prices. Reliance Industries Limited (RIL), on Tuesday announced to re-open its retail fuel stations across Gujarat. “With the decontrol of petrol pricing, the RIL fuel retail outlets now retail petrol at price parity with public sector undertakings. The company has already resumed sales of petrol in around 162 petrol... »