The investment is being made to primarily meet the automotive glass requirements of Suzuki's newly-established Hansalpur—based facility in Gujarat.
Responding to media reports that major investors like Ford had invested outside Tamil Nadu, the state government today said the reason cited by Ford to establish their factory in Gujarat was to provide "better logistics solution" and "service delivery mechanism."
The acquisition is a part of the Rs 295 crore investment approved by the Tata Chemicals' Board earlier in February 2017, it said in a BSE filing.
Maharashtra accounts for nearly 25 per cent of the total investments attracted by the real estate and construction industry in India, showed a recent study by industry body ASSOCHAM (The Associated Chambers of Commerce R
"There are about 3,489 projects worth Rs 14.5 lakh crore in the construction and real estate sector that are currently live across India," the study titled 'Construction and real estate investment: State-level analysis' said.
PM Modi landed in Surat late on Sunday evening to a grand reception by party workers, just two days after a similar roadshow was organised by the BJP ahead of the its national executive in Bhubneshwar.
The roadshow, which began from the airport around 7.25 PM and ended at 9.25 PM at the Circuit House, was a mega outreach by Modi in the election year after the BJP decided to project him as the face of 2017 state Assembly polls, which will be a battle of prestige for the Prime Minister in his home state.
Modi is slated to inaugurate Kiran Multi Super Speciality Hospital and Research Centre, built by a private trust, in the city tomorrow morning.
The move comes a day after the Prime Minister's Office (PMO) held a meeting with private real estate developers with a focus to remove "bottlenecks" to ensure private sector participation in the government's ambitious 'Housing-for-all by 2022' programme.
The Congress questioned today the silence of Prime Minister Narendra Modi on repeated incidents of violence in the name of cow protection, and asked whether safeguarding Indians was the priority of the government.
Gujarat plant is expected to ease capacity constraints and help to drastically reduce waiting periods for products like Baleno, Brezza and Ignis.
The company will receive Bi-Annual Annuity from NHAI post COD.
Drug firm Alkem Laboratories today said it has received establishment inspection report (EIR) from the US health regulator on the closure of its inspection at its API facility at Ankaleshwar in Gujarat.
The BJP is now setting its eye on Congress veteran Madhavsinh Solanki's 1985 massive mandate which reduced the opposition to less than 11 seats in Gujarat state assembly of 182. The state goes to polls next year.
The time taken for implementation of RERA Act by various states will be different. So it could well be 6-9 months before it starts functioning properly, says Sudhin Choksey, MD, Gruh Finance.
Factors like the absence of Modi from the scheme of things in Gujarat, Patel quota agitation, Dalit unrest, anti-incumbency and want of a credible leader in the BJP could all work in Congress' favour.
The company, whose arm Maruti Suzuki India commands nearly 50 percent of the passenger vehicle market in the country, has already started operations at its new plant in Gujarat as part of the plan to raise its total production to 2 million units by 2020.
Gujarat Minister Rohit Patel faced embarrassment when Deputy Chief Minister Nitin Patel disowned his comments made today in the Assembly about note ban, following which the Speaker expunged his comments from the records.
With the emerging consumption patterns, Jaipur and Surat are set to emerge as the two new A-class metros, with a combined household income of over Rs 80,000 crore each by 2018, which provides significant opportunities to marketers, says a report.
Summarising significant deviations from CGMP (current good manufacturing practice) norms at the Vapi unit, the US Food and Drug Administration (USFDA) said that its investigators observed several lapses.
"General Motors India today confirmed that it will cease production at its Halol manufacturing facility on April 28, 2017, as the company consolidates manufacturing at its Talegaon facility. We will support our employees at the Halol plant throughout this transition," GM India President and Managing Director Kaher Kazem said in a statement.
Prime Minister Narendra Modi today announced investment of Rs 12,000 crore in upgrading eight state highways to National Highways in Gujarat as part of efforts to boost infrastructure development and job generation in the state.
The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the brand name of Amul, today decided to hike the milk prices by Rs 2 per litre across all six brands being sold in major pockets of Gujarat and Maharashthra from tomorrow.
The generators for wind turbines are manufactured in a factory in Gujarat's Vadodara city, which is the fourth such facility in the group.