Indore Development Authority invites developers for PPP project
At the recently held Construction World Design Build Conclave & Awards, organized by FIRST Construction Council, Ramprakash Ahirwar, CEO, Indore Development Authority invited developers to participate on a PPP basis in the Start-Up Park Project. Indore Development Authority (IDA), in its bid to make Indore a hub of startups, has announced to spend Rs 450 crore plus Rs 200 cr for land acquisition to develop a startup park in 20 acres of land on Super Corridor. IDA has also finalized and notified 10 Town Planning Schemes across 1500 Ha. Its board has approved the appointment of a consultant for the 20-acre Startup Park. The Startup Park is in Zone 1, the 430-room proposed hotel and convention centre in in Zone 2 and the IT building and shopping complex are part of Zone 3. More than 80 per cent of 4,000 professionals recruited by leading IT companies TCS and Infosys, which have set up their units in Indore's SEZ, belong to Madhya Pradesh boosting its role in the IT segment.
Madhya Pradesh Agiculture Minister Kamal Patel presented the awards to the architects and developers. He lauded the efforts of FIRST Construction Council in inspiring the building community. Developers and CREDAI Indore Secretary Sandeep Srivastava lamented that the stamp duty in Madhya Pradesh was among the highest and urged the state government to support the real estate sector. Pratap Padode, Founder and President FIRST Construction Council cited the IRIS report, 鈥淚ndore has pipped other central Indian cities such as Bhopal, Varanasi, Meerut, Raipur, Nagpur and Kanpur especially in last quarter of 2022-23 where its demand has risen among the fastest,鈥� he informed.
鈥淏enefits of the Metro rail development will accrue to real estate 500 m on either side of the metro line as experienced by Delhi, Dubai, Paris, Hongkong and London to name a few,鈥� he added. Ultratech Senior Vice President Jayasankar deliberated aspects of green cement, building solutions and concrete products with architects during the panel session.
Exide Targets Rs 200 Bn Revenue Within Three Years
Exide Industries has announced a revenue target of Rs 200 billion over the next two to three years, driven primarily by its lead-acid battery business. The company reported revenue of Rs 165.88 billion in financial year twenty twenty-five.Planned investments of Rs sixteen to seventeen billion this fiscal will support both lithium-ion cell manufacturing and existing battery operations. The upcoming lithium-ion facility, expected to be operational by financial year twenty twenty-six, has not been factored into the current revenue projection.Managing Director and Chief Executive Officer Avik Roy ..
Govt, Automakers Discuss Raising Ethanol Blend Beyond 20%
The Indian government has begun talks with automobile original equipment manufacturers (OEMs) to increase ethanol blending in petrol beyond twenty per cent, with the current E20 target set for October 2025.Major OEMs such as Tata Motors, Mahindra and Mahindra, and Maruti Suzuki have raised concerns about high investment requirements and limited consumer interest. A draft report is being prepared by officials from the petroleum, transport, and agriculture ministries for cabinet review.Industry executives said upgrading vehicles from E20 to higher blends like E40 or E45 could raise costs by two ..
Hyundai India to Launch Hybrid, Plans 26 Models by 2030
Hyundai Motor India Limited will introduce a hybrid vehicle as part of a larger plan to launch twenty-six models by 2030. The move aligns Hyundai with Toyota and Suzuki, who advocate hybrids to address India鈥檚 limited charging network and price-sensitive market.The refreshed portfolio will include six battery-electric vehicles, twenty internal combustion engine models, and one hybrid. These will span both mass and premium segments, including hybrid sport utility vehicles.According to Chief Operating Officer Tarun Garg, no single technology can meet all market needs. He called the hybrid segm..
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