04/12/2017 | The Hindu BusinessLine
In an effort to kick-start ‘Make in India’ in the defence sector, the government has issued request for proposal (RFP) to Larsen and Toubro (L&T) and Reliance Defence and Engineering Ltd. (RDEL) to build four amphibious ships in a deal worth Rs. 25,000 crore.
The deal, which is the biggest ever contract to be given by the Indian Navy to the private sector, was cleared by the Defence Acquisition Council (DAC) headed by Defence Minister ArunJaitley on May 21.
RDEL and L&T have been asked to submit the bids by June 22. As per the RFP, the first ship will have to be delivered within four years and the remaining in the nextseven years from the time the contract is awarded, sources told BusinessLine.
This will be for the first time that the Indian private sector will be building such ships, also called the Landing Platform Docks (LPD), within the country.
RDEL has partnered with France’s DCNS for the project. DCNS has already delivered four such ships. On the other hand, L&T has partnered with Navantia of Spain. RDEL and L&T both secured technical and financial approvals from the Indian Navy in 2016. The LPDs, each of which will weigh 30,000-40,000 tonnes, will be capable oftransporting battle tanks, other equipment and troops.
The LPD project is expected to boost the ‘Make in India’programme and the Indian Navy’s plan to become a ‘builder’s navy’ from a ‘buyer’s navy.’
“The roadmap for Indian Navy will remain firmly anchored on self-reliance and indigenisation,” Chief of Naval Staff Karambir Singh said during an event here recently.
The LPD project had been pending for over several years now. As per the old RFP, two ships were expected to be built in private shipyard and two on nomination basis by a public sector shipyard. The frontrunners were RDEL, L&T and ABG Shipyard.
However, ABG was disqualified due to its weak financial health.
07/11/2017 | The Hindu
Mahindra Lifespace Developers Ltd. (MLDL), the real estate and infrastructure development company of the Mahindra Group, has forayed into industrial clusters with two projects in north Chennai and Ahmedabad under the brand name Origins. The projects will provide land and infrastructure to industrial units to start production in nine to 12 months.
The company, which runs two Mahindra World Cities in Chennai and Jaipur in (public-private partnership) PPP model, had acquired land from private parties to set up these industrial clusters which are expected to create jobs for youth.
The first project is coming up in north Chennai on NH-16 in the Gumidipoondi region on the Chennai-Kolkata highway. This will be a 60:40 joint venture between Mahindra World City and Sumitomo Corporation of Japan. In the first phase 264 acres is being developed and this can expand to 500 acres in due course, said company officials.
Japanese hi-tech companies supplying components to local industry and those keen to set up export hubs are expected to operate from this cluster which is already in development stage. The second project located near Ahmedabad on NH 8A on the Ahmedabad-Rajkot Highway is being developed with International Finance Corporation (IFC), which is a strategic partner with MLDL. Both partners have equal stake in this project, which will come up on 268 acres in the first phase. Another 130 acres may be added in the next phase.
MLDL has invested ₹600 crore in land acquisition and development of infrastructure. Land allotment will commence shortly, officials said.
These industrial clusters are expected to create 20,000 direct jobs apart from attracting investment to these regions. Companies across engineering, medical equipment, food processing, packaging and logistics sectors would come up at these clusters, officials added.
“We have decided to go for small industrial clusters because land acquisition has become a major problem today. We have created a platform from where jobs can be created. Our new brand Origins by Mahindra World City will create world class urban infrastructure in India and attract investment,” said Arun Nanda, chairman, MLDL.
The company has plans to set up more such industrial clusters on an area of 250 to 600 acres each located in high growth corridors in the country.
Sangeeta Prasad, CEO, Mahindra World City, said that companies that set up operations at the two clusters were expected to invest about Rs.4,000 crore. She said these corridors would enable a faster go to market for both domestic and foreign companies by way of clear land titles, plug and play infrastructure, and business support services.
21/09/2017 | The Hindu
Over 92% of the work on the second phase of the Chennai Outer Ring Road (CORR) project from Nemilicheri to Minjur has been completed and traffic is likely to be officially allowed on it in two months.
Already, motorists are using 29 km of the 30 km-long road. Only two stretches — one at Nemilichery and the other at Vellanur — are to be completed. At Nemilichery, the retaining wall for the road, which is elevated in most places, is being constructed with motorists using the service lane for a short distance, explained sources in the Tamil Nadu Road Development Company (TNRDC), which is the project manager for the road.
Almost all the 143 structures, including one interchange, one major bridge, six minor bridges, 13 vehicular underpasses, one flyover and 106 box culverts, have been completed in the second phase.
“Land for the project was acquired by the CMDA. But they seem to have made a mistake as far as one stretch is concerned. So we have taken that up now,” explained an official. The project is likely to be completed by December and even before that, a small traffic diversion is likely to be introduced at Vellanur to facilitate the smooth movement of traffic.
Apart from the road work, lighting, installation of bus shelters and signage are under progress. “The trial for lighting has been completed for over 16 km in the second phase,” the official said. Though the first phase was opened for traffic a couple of years ago, work on two interchanges at Vandalur on the NH 45 and at Nazarathpet on the NH 4 are under progress. “Since the signboards are small and there are not many that show directions, it is confusing as to which side I should get on. The signs should be bigger and more visible,” said Kothandam, a cab driver.
Residents said the road surface at Nemilichery must be improved. “There are no lights at the point on the NH, which has become an accident-prone spot. Vehicles getting off the first phase use this stretch to get on to phase two. We are not sure to whom we should complain,” said Varadhan, a resident of Poonamallee.
In a step towards making the 162-km-long Chennai Peripheral Ring Road a reality, the Japan International Cooperation Agency (JICA) has included the proposal in its rolling plan for the year.
The semi-circular road project from Poonjeri in Kancheepuram district to Kattupalli in Tiruvallur district is likely to be taken up for implementation shortly.
Sources in the Highways Department explained that the project is likely to cost ₹12,000 crore of which ₹6,500 crore would go forlaying the road and the remaining would be required for land acquisition.
On completion, the 200-feet-wide road project will improve accessibility, contribute to mitigating of traffic congestion in the core city, and promote economic development in the regions through which the road would run.
The project was announced in 2012 by former Chief Minister Jayalalithaa in the Assembly.
Existing roads running to a length of 78.6 km, including the SingaperumalKoil-Sriperumbudur Road (approximately 23 km) and Sriperumbudur – Tiruvallur Road (18 km), as well as stretches from Thamaraipakkam to Periyapalayam (12 km) and Puduvoyal to Pulicat (6 km), and another 15 km to Kattupalli would be strengthened and widened as part of the project that would take six years to complete.
Along with the project, grid roads connecting nearby habitations and major industrial hubs would be chosen and developed so as to provide better connectivity to surrounding areas.
A road grid around the 62-km-long Chennai Outer Ring Road is being developed currently. “If such grid connectivity is not provided, the road would remain isolated and development alongside would happen in a haphazard manner,” said a retired highways engineer.
12/07/2017 | New Indian Express
12/07/2017 | New Indian Express
ARs 925 crore industrial park being set up in Ponneri by Japanese major Sumitomo and Mahindra and Mahindra crossed a crucial hurdle after it got approval from the State government’s Empowered Committee. The Directorate of Town and Country Planning (DTCP) too is expected to give its nod soon. DTCP sources say the layout map would be completed within two weeks time.
The project, among those signed during the Global Investor’s Meet, was slated to be completed in two phases. It also faces issues over alienation of 41.765 acres of government land as well as transfer of 19.06 acres of belonging to the Hindu Religious and Charitable Endowments. The industrial park is to be set up near the proposed smart city planned by Japan International Cooperation Agency (JICA).
It is learnt that under the joint venture, Mahindra and Mahindra would hold 60 per cent stake, while Sumitomo Corporation would hold 40 per cent. Mahindra and Mahindra officials refused to comment on the development.
Meanwhile, the Rs 3,000 crore Codissia Industrial Park layout in Mopperipalayam, Coimbatore, has got DTCP approval and a GO has been passed to change the category of land from agricultural to industrial-use, DTCP sources said.
Commenting on the Industrial Park being set up by KEF, DTCP sources said that the second phase of the project, by India’s only integrated offsite manufacturing firm, in Krishnagiri is under its scrutiny.
This development comes as the State has till date, received just `29,615 crore in investments of the `2.42 lakh crore promised by various industrialists at the global investors meet in September 2015.
For certain projects, the delay is due to pending allotment of land while in some projects, the developers are yet to submit the proposals to the planning agencies.
16/05/2017 | New Indian Express
16/05/2017 | New Indian Express
The Rs 32,713 crore Ponneri Industrial Node, being developed by Japan Investment Cooperation Agency on Chennai-Bangalore Industrial Corridor, will now have a multi-modal logistics park developed by National Highway Authority of India (NHAI). The Centre is planning to invest Rs 1,295 crore in the logistics park in Chennai region.
A memorandum of understanding (MoU) to this effect was entered into by NHAI with Tamil Nadu Industrial Development Corporation on Monday. It was signed by Union Minister Nitin Gadkari and Tamil Nadu Industries Minister M C Sampath.
This comes in the wake of the ministry planing to develop Multimodal Logistics Parks under Logistics Efficiency Enhancement Programme in 15 locations in India at a cost of Rs 33,000 crore.
The proposed logistics park, coming near Kamarajar Port, would bring down the overall freight cost besides reducing vehicular pollution and congestion.
12/05/2017 | L & T
Mumbai, May 12, 2017: Larsen & Toubro, India’s multinational engineering conglomerate, has entered into a contract with the Ministry of Defence (MoD) for supply of 100 units of 155mm/ 52 calibre Tracked Self-Propelled Gun systems to the Indian Army.
The contract valued at about ₹ 4500 crore, is the largest order placed by MoD on an Indian private company.
This win affirms L&T’s position as India’s leading private sector defence company with capabilities to design, develop and manufacture state-of-the-art platforms and systems for the Indian armed forces.
L&T, supported by its South Korean technology partner Hanwha Tech Win (HTW), had bid for this ‘Buy Global’ acquisition program of MoD in 2011. Among 4 bidders to the program RFP, L&T emerged as the sole qualified bidder, after a series of User Trials and Evaluations, based on the performance of the K9 VAJRA-T self-propelled Howitzer.
The K9 VAJRA-T gun is an enhanced version of HTW’s K9 Thunder – a world class self-propelled Howitzer, customised and co-developed by L&T & HTW to suit the specific requirements of the Indian Army including desert operations. HTW’s K9 Thunder self-propelled Howitzer is among the best in the world with over 1,000 units already in service in Korea and few other countries.
This contract embodies the Government’s ‘Make in India’ initiative. It envisages delivery of the 100 guns in 42 months with associated engineering support package and maintenance transfer of technology to support these Howitzer regiments throughout their life cycle. These guns will have over 50% indigenous content and will be delivered from L&T’s manufacturing facilities, including a new Armoured Systems Complex at Hazira.
This program sets new benchmarks in co-development and co-production of defence systems by any Indian defence company in collaboration with an international technology partner.
Larsen & Toubro is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over USD 16 billion in revenue. It operates in over 30 countries worldwide. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for over seven
20/03/2017 | The Hindu
The Chennai Metropolitan Area is set to get satellite townships along the 62-km stretch of Outer Ring Road (ORR) between Vandalur and Minjur.
The Chennai Metropolitan Development Authority (CMDA) has started a survey of the lands along the ORR to acquire land.
“The area of each of the satellite township will be around 1,000 acres. Townships may be developed in areas as small as 100 acres also. Identification of land in the area remains a challenge. Acquisition may be more challenging,” said an official.
Major land acquisition for a satellite township was carried out four decades ago covering 1,914 acres of land at Maraimalai Nagar.
A few years ago, the Chennai Metropolitan Development Authority took possession of a 62-km strip of land in 56 villages in Kancheepuram and Tiruvallur districts for the Outer Ring Road project. “More lands are expected to be acquired for the development of satellite townships.
In case of forest land, we are planning to develop new forests in alternative sites in the two districts,” said a CMDA official.
After the preparation of the land plan schedule, the Revenue Departments of Tiruvallur and Kancheepuram are likely to commence land acquisition.
According to sources, development of satellite townships along the Outer Ring Road is feasible as the government has already acquired a strip with a width of 122 metres for development of public transport facilities. Of this, 72 metres had been handed over for the road development.
Another 20 metre-wide space in the middle has been earmarked for bus rapid transit system or an elevated road or a rail project to provide connectivity, said an official.
16/03/2017 | New Indian Express
16/03/2017 | New Indian Express
Finance minister D Jayakumar presented his first budget in the Tamil Nadu Assembly on Thursday. Here are the highlights from the budget proposal:
19/10/2016 | The Hindu
The preparation of the land plan schedule for the 162-km Chennai Peripheral Road, proposed from Poonjeri, near Mamallapuram, to Kattupalli, near Minjur, is nearing completion. The road will be built at a cost of Rs.12,000 crore and would form an arc on the city’s periphery, allowing the metropolis to expand beyond the present boundaries.
The government sought funds from the Japan International Cooperation Agency (JICA) for the road.
“Since it is a large amount, the government cannot take up the project on its own. We are awaiting the sanction of the funds. The process of land acquisition will commence once it comes through. The road’s construction alone would cost up to Rs. 4,500 crore. Taking the time required to acquire lands also into account, the project would need six years for completion,” explained a source.
Even as the department is working towards constructing the road, property developers are watching the project with interest.
“This is probably a good time for individuals to aggregate parcels of land and wait for them to appreciate over an 8-10 year period. Of course, they have to be careful about the lands they buy. Already small parcels of agricultural and panchami land (on which homes can be built, but not used for commercial purposes) are being converted to housing plots,” said a real estate agent.
“Many are looking for basic and social infrastructure before investing in a property. At present, developers are limiting their projects up to the Outer Ring Road, where there is already some infrastructure in place. Once decent parcels of land are exhausted, people will look beyond,” said N. Nandakumar, Managing Director, Devi Narayan Housing and Property Developers Limited.
Truckers, especially those moving inter-state goods, and port users too are looking forward to the development of the road.
20/05/2016 | NDTV Profit
01/03/2016 | INDIA REALTY DEAL
16/02/2016 | Business Standard
A heavy engineering components manufacturing hub, polymer park and a national investment manufacturing zone will be set up in Tiruvallur district near here, Tamil Nadu Finance Minister O. Panneerselvam said on Tuesday.
Sanction had been accorded to set up the heavy engineering components manufacturing hub in Ponneri taluk at a cost of Rs.700 crore and a polymer industries park at Voyalur also in Ponneri taluk at a cost of Rs.264 crore, the minister said while presenting the budget estimates for 2016-17.
"The strenuous efforts made by this government have borne fruit in the form of an in-principle approval to establish a National Investment and Manufacturing Zone (NIMZ) in Ramanathapuram district, in addition to the Ponneri Industrial Node as part of the Chennai-Bengaluru Industrial Corridor," Panneerselvam said.
He also said Rs.13,819.03 crore has been provided to the power sector, including Rs.7,370.33 crore for tariff subsidy, Rs.2,000 crore as share capital assistance to the state power utility and Rs.1,483 crore as loan support.
The minister said the state government had commenced work on 1x660 megawatt Ennore Expansion Power Project, 2x660 MW Ennore Special Economic Zone Power Project and 1x800 MW NCTPS Stage-III Power Project.
Panneerselvam said action has been initiated to establish new projects such as 2x800 MW Uppur Thermal Power Project and 5x800 MW Kadaladi Thermal Power Project in Ramanathapuram district, 2x660 MW Udangudi Thermal Power Project in Tuticorin district, 1x660 MW Ennore Replacement Thermal Power Project, 4x125 MW Kundah Pumped Storage Hydro Power Project and 4x500 MW Sillahalla Hydroelectric Project.
For the metro rail project here, Rs.1,032.55 crore has been provided in the interim budget.
16/02/2016 | NetIndia
The Tamil Nadu government has accorded sanction to set up a Heavy Engineering Components Manufacturing Hub and a Polymer Industries Park, both at Ponneri Taluk in Tiruvallur District at a total cost of about Rs 1000 crores, besides granting in-principle approval for the National Investment and Manufacturing Zone (NIMZ) in Ramanathapuram District. Presenting the interim budget for the year 2016-17 in the State Assembly, Finance Minister O Panneerselvam said the Components manufacturing hub would be set up at a cost of Rs.700 crores and the Polymer Industries Park at Voyalur in Ponneri Taluk at a cost of Rs.264 crores. ''The strenuous efforts taken by the state Government have borne fruit in the form of an in-principle approval to establish a National Investment and Manufacturing Zone (NIMZ) in the Ramanathapuram District, in addition to the Ponneri Industrial Node as part of the Chennai-Bengaluru Industrial Corridor'', he added
13/02/2016 | Deccan Chronicle
Nellore: Revenue wing has identified 15,892 acres within 50 km radius to Krishna-patnam Port, which is one of the important nodes in Chennai-Bangalore Industrial Corridor (CBIC).
The strategy to develop the CBIC is part of the plan to achieve accelerated development and regional industry agglomeration in the states of Tamil Nadu, Karnataka and Andhra Pradesh.
According to APIIC officials, the corridor betwe-en Chennai-Bengaluru-Chitradurga would have an Influence Area spread across the states of Karnataka, Andhra Pradesh and Tamil Nadu.
The nodes include Krishnapatnam in Nellore district, Kaligiri in Chittoor district, Hindupur in Anantapur district of AP, Ponneri in Tiruvallur district and Hosur in Krishnagiri district of Tamil Nadu, Bidadi in Bengaluru rural district, Tumukur and Mulbagal of Kolar district in Karnataka.
29/09/2015 | Business Line
Ponneri, a suburb to the north of Chennai, will get a Rs.13,314-crore infrastructure upgrade as part of the development of the Chennai-Bengaluru Industrial Corridor.
The Tamil Nadu Chief Minister, J Jayalalithaa, announced in the Assembly today that a 21,996-acre area covering 10 villages in Ponneri in Thiruvallur district will be developed as the Ponneri Industrial Node. This will developed in three phases over the next 20 years.
In the first phase between 2016 and 2019 over Rs. 13,314 crore will be spent on the development of the node, she said. She said the Tamil Nadu Government had announced in 2012 that the Chennai-Ranipet and Ranipet-Hosur stretches will be developed as industrial corridors. These have now been integrated as part of the CBIC.
Ponneri, about 35 km to the north of Chennai, is one of the three industrial nodes identified for development in the CBIC corridor. The other two nodes are Tumkur in Karnataka and Krishnapatnam in Andhra Pradesh.
The CBIC project, along the lines of the Delhi-Mumbai Industrial Corridor, is aimed at driving industrial development and job generation and is supported by the Government of India and Government of Japan.
The Japan International Cooperation Agency recently announced the completion of the master plan for the development of the industrial nodes. The master planning was done by a JICA study team comprising PwC and Nippon Koei.
According to the master plan, the Ponneri node will be developed as a hub for auto and auto components industry, machinery, chemicals and petrochemicals, computers, electronic and optical components. It has the advantage of two major ports – L&T’s Kattupalli port and the Kamarajar port in Ennore. Road and rail connectivity will also be enhanced to the port and to the rest of the region.
The developments in the node will aim at consistent supply of utility services, modern transportation infrastructure, cost competitiveness for industry and economic and environment sustainability.
Over the three phases of development the total investment in infrastructure is envisaged at about Rs. 32,713 crore with equity of about Rs. 12,592 crore, internal accruals of Rs. 10,307 crore and debt of Rs. 9,814 crore.
Over 40 per cent of the cost will be towards land acquisition, 17 per cent to land development, 19 per cent to water and effluent treatment and 10 per cent each to roads and power infrastructure.
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