Modi to launch Rs 150 bn projects in Navsari on Feb 22
ECONOMY & POLICY

Modi to launch Rs 150 bn projects in Navsari on Feb 22

On February 22, various projects worth Rs 150 billion at Vansi Borsi in Navsari will be inaugurated and have foundation stones laid by Prime Minister Narendra Modi. The foundation stone of the Prime Minister-Mega Integrated Textile Region and Apparel (PM-MITRA) Park will be laid by Modi.

It was mentioned that the site had initially been an open land with craters and was covered with bushes. After the event was announced, government agencies have been working diligently to develop the necessary infrastructure.

It was informed that five domes were being erected at the venue. For the event, new road networks and a helipad had been developed. Additionally, a new electricity supply network had been established, with two electricity lines, overhead and underground, being laid from the nearest supply point. Inside the dome, it was reported that 40 LED screens and over 400 LED lights would be put up.

It was further stated that at this venue, the PM would virtually inaugurate or lay the foundation stones for various projects. A total of 14 projects of SMC worth Rs 11.30 billion were set to be inaugurated, and the foundation stones for 35 projects of SMC worth Rs 21.12 billion would be laid. Furthermore, 53 projects of Surat Urban Development Authority worth Rs 37.72 billion would either be inaugurated or launched.

It was mentioned that multiple projects of districts in south Gujarat and national highway projects were also scheduled for inauguration. Modi was expected to dedicate two 700 MW power plants at Kakrapar Atomic Power Plant to the nation.

Regarding the PM-MITRA Park, it was noted that it was being developed on 1,141-acre land, and approximately 2,000 applications had been received by the state government for land in the park. The demand for land was reported to be almost four times higher than the land proposed for the park at present.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

On February 22, various projects worth Rs 150 billion at Vansi Borsi in Navsari will be inaugurated and have foundation stones laid by Prime Minister Narendra Modi. The foundation stone of the Prime Minister-Mega Integrated Textile Region and Apparel (PM-MITRA) Park will be laid by Modi. It was mentioned that the site had initially been an open land with craters and was covered with bushes. After the event was announced, government agencies have been working diligently to develop the necessary infrastructure. It was informed that five domes were being erected at the venue. For the event, new road networks and a helipad had been developed. Additionally, a new electricity supply network had been established, with two electricity lines, overhead and underground, being laid from the nearest supply point. Inside the dome, it was reported that 40 LED screens and over 400 LED lights would be put up. It was further stated that at this venue, the PM would virtually inaugurate or lay the foundation stones for various projects. A total of 14 projects of SMC worth Rs 11.30 billion were set to be inaugurated, and the foundation stones for 35 projects of SMC worth Rs 21.12 billion would be laid. Furthermore, 53 projects of Surat Urban Development Authority worth Rs 37.72 billion would either be inaugurated or launched. It was mentioned that multiple projects of districts in south Gujarat and national highway projects were also scheduled for inauguration. Modi was expected to dedicate two 700 MW power plants at Kakrapar Atomic Power Plant to the nation. Regarding the PM-MITRA Park, it was noted that it was being developed on 1,141-acre land, and approximately 2,000 applications had been received by the state government for land in the park. The demand for land was reported to be almost four times higher than the land proposed for the park at present.

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement