Gujarat continues to be the choicest location for investment

According to the study of Reserve Bank of India, Gujarat attracted maximum investment during 2007-08. With an investment of Rs. 62,442 crore in absolute terms in 100 industrial projects sanctioned during 2007-08, Gujarat accounted for 22% of the total investment retaining the first place consecutively for the second year.    The RBI Study involved 910 projects assisted by banks and other financial institutions with a total project cost of Rs. 2, 84, 371 crore. (Source : RBI Monthly Bulletin, August 2008)

GIDB approves Metro rail and other infrastructure projects

During a recent board meeting of Gujarat Infrastructure Development (GIDB) chaired by Hon’ble Chief Minister, several projects prominent among them being the metro rail between Ahmedabad-Gandhinagar, new international airport at Dholera were approved. As per the information available, cost of underground metro rail and surface metro rail has been estimated at Rs. 350 crore per km and Rs. 150 crore per km respectively.  In addition, the meeting also gave green signal to the master plan of Ahmedabad - Dholera Special Investment Region (S I R), which is spread over 360 sq. km. (Source: ET 13/08/08)

Ahmedabad Aviation & Aeronautics to set up aviation MRO business

Electrotherm promoted Ahmedabad Aviation and Aeronautics (A A A ) has plans to  set up aviation maintenance, repair and overhaul (M R O) business on a piece of land admeasuring 25 acres in Rancharda village on the outskirts of the city by 2009 end.   In addition to aircraft repairing and overhauling, the company also expects to receive offshore deals involving component manufacturing, component assembling and manufacturing aircrafts.  For the purpose, the A A A   would pump in a seed capital of approx. $20 million. The company is reported to have acquired licence for operating the Mehsana airport and now proposes to develop the backend MRO facility in Ahmedabad, the sources said.   It has also been informed that Ahmedabad Aviation and Aeronauts (A A A ) has entered into agreements with Miami-headquartered Embry-Riddle Aeronautical University and New York based Vaughn College  of Aeronautics and Technology to offer bachelor degree in aeronautics and masters degree in aviation management from 2009, and intends to establish themselves as Centre for Transportation Studies, the sources added. (Source: ET 23/08/08)

Ahmedabad – An upcoming logistic hub

Amidst booming manufacturing activities and series of upcoming SEZs, Cushman & Wakefield, a global real estate firm, in its recently conducted study portrays Ahmedabad as a Potential Logistic Hub  and places it amongst the 14 locations in the country.  So far 55 SEZs have been approved in Gujarat, of which 9 SEZs, it is reported, would be set up around Ahmedabad. It is informed that so far, three players have firmed up their plans to set up Logistic Park around Ahmedabad in more than 500 acres of land.  There are around 100 warehouses around the city; however, there is a scarcity of constructed warehouses. Considering the fact that from the host of services viz. transportation, warehousing, freight forwarding, express cargo delivery, courier services, container services, shipping services, majority of the players offer  merely one or two services. The upcoming Logistic Parks are aimed at housing additional amenities like parking space for trucks, residence for drivers, godowns to stock goods etc., the sources said.  Further, visualizing that railways would be a major logistic player in the coming days, and with upcoming freight corridor being built between Delhi and Mumbai, for the goods transported to the nearby ports like Kandla and Mundra, Ahmedabad would apparently emerge as the transit centre.  In addition, comparatively low cost of land and labour also have attracted players to select Ahmedabad and nearby areas. (Source: ET 20/08/08)

State-owned ITI signs MOU with Eicher Motors to set up a training centre

The state-owned Industrial Training Institute at Kubernagar, Ahmedabad and Eicher Motors have joined hands to set up a training centre to train motor mechanics.   The institute will have an intake capacity of 40 seats per annum, and will provide both – basic and practical training. The institute will be set up under the Eicher Motors Technical Education Programme (EMTEP). This is a joint initiative by Eicher Motors and its dealers, taken mainly with a view to managing recruitment, training and certification to avail best of the human resources for commercial automobile industry, the sources said. For the purpose, as informed, EMTEP would provide all the infrastructure facilities viz. machinery, tools and equipment, training to trainer’s etc. (Source: ET 1/08/08)

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