Government plans PPP privatisation of Megapode Resort in Port Blair

31 Jan 2024 CW Team

The commencement of the privatisation process for the Megapode Resort in Port Blair, Andaman & Nicobar Islands, through the public-private-partnership (PPP) route, has been announced by the government.

In December, the plan to privatise the Megapode resort, one of the very few resorts in Port Blair, Andaman & Nicobar Islands, providing luxury cottage accommodations, was approved by an Approval Committee in the Ministry of Finance.

The Megapode Resort, situated 4 kms away from the airport amid lush green hills, spans across 7.5 acre of lawns, offering a stunning view of the Bay of Bengal and the Port Blair harbour.

The resort provides 10 sea-facing cottages in three different categories - Bamboo, Nicobari, and Deluxe Nicobari, along with deluxe, semi-deluxe, and standard rooms, each equipped with a private balcony facing the sea.

Named after the endemic scrub fowl known as the Nicobar Megapode, these birds are also referred to as mound-builders or incubator birds due to their construction of the largest nest-mounds of sand for incubating their eggs.

The Andaman & Nicobar Islands Integrated Development Corporation has engaged Deloitte Touche Tohmatsu India LLP as the transaction advisor for the sale.

The successful bidder will be granted the rights to operate and manage the resort, as well as to further design and develop the resort.

In a separate development, ANIIDCO has selected KPMG Advisory Services as the transaction advisor for constructing eco-tourism resorts at Long Island, Aves Island, Smith Island, and Shaheed Dweep Island, as per the document.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..