Archive | April, 2013

Chairman and Executives from Suzuki Corporation meet Narendra Modi

30 Apr

Chairman of Japan’s Suzuki Motor Corporation Mr. O.Suzuki paid courtesy visit to Narendra Modi and said that his company will soon start the construction work of its manufacturing plant at Bahucharaji. Chairman of Maruti Suzuki India Limited Mr.R.C.Bhargav said that company’s governing body has approved to start the works at Bahucharaji plant.

Image Welcoming Mr. O.Suzuki and the office bearers of Suzuki automobiles Mr.Modi said that Bahucharaji is going to become automobile hub. Mr.O.Suzuki praised the Gujarat government’s co-operation in setting up of its plant. He outlined how the company’s Bahucharaji plant will provide employment opportunities and will be instrumental in the development of ancillary auto manufacturing units. The CM expressed the state government’s willingness to offer a positive approach and co-operation.

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Wow DC Design plans Rs.50 crore factory in Gujarat for supercar Avanti.

29 Apr

India’s first indigenously developed sports car from automobile designer Dilip Chhabria’s stable – DC Avanti – could be manufactured in Gujarat in the coming years. Chhabria is planning to set up a customised car manufacturing unit near Ahmedabad which will redesign and modify mass market cars.

Image“A new assembly plant is being set up at Talegaon near Pune that will have a capacity to manufacture 2,500 Avantis a year. We expect demand for Avantis to increase in the coming years and chances are that the expansion might happen in Gujarat. We are seriously thinking of Gujarat as the next step for Avanti,” said Chhabria on Wednesday.

The investment for the Gujarat factory will be about Rs.50 crore and would have a capacity of 3,500 units a year, including 2,500 Avantis.

Source: Indian Express

Wow Saffron, apple, cashew… Gujarat farms turn exotic

26 Apr

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Farmers of Gujarat are now challenging nature. Despite water shortage in the state, many farmers have been successful in growing crops like apples, saffron and cashew which are difficult to grow in water-deficient states like Gujarat. It needs lots of water and for which Gujarat’s climate is not at all favourable.

Yet some enterprising farmers have experimented and succeeded in growing these crops despite the unfavourable climatic conditions.

Businessman Rustom Cama has recently grown around 100 apple trees on his arid farmland near Mount Abu. The apples grown on his farm were of good quality.

As for saffron, AAU has grown this spice in greenhouses on its farm in Anand. The officials say that the quality of saffron grown in Gujarat is as good as that of saffron grown in Kashmir.

In Saursahtra and South Gujarat, farmers have been successful in growing cashew nut. Bharat Patel, one of the farmers cultivating cashew in Halvad, said he had grown around 150 cashew trees on his farm.

Source: DNA

Georgia ambassador lauds Narendra Modi’s Gujarat for attracting investments

23 Apr

Praising Narendra Modi led Gujarat for attracting numerous investments; Ambassador of Georgia Kachkachishvili Zurab said the state has developed “dynamically” in the last decade.

Image“This is my third visit to this wonderful state. It has attracted numerous investments and developed dynamically in the last decade,” Zurab said while addressing a seminar organised by CII. Quarter of the exports of India is from Gujarat,” he said adding that he hoped the state will invest in Georgia.

A group of more than 15 officials from Russia, Belarus and Eurasian countries will visit India and inspect the laboratories, whether it meets the required specific mandatory standards or not. “Depending on their suggestions, we will move ahead in exports of bovine-related exports,” the official said.

The exports between India and CIS countries are projected to touch 7.06 billion dollars by 2016 from the current three billion dollars, a senior central government official said.

Wow Gujarat FDCA joins hands with US drug standards setter.

22 Apr

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Gujarat attracted most private sector investments.

19 Apr

An industry study noted that Once again, Gujarat has proved to be among the most preferred investment destinations in the country as the state has topped in the private sector investment commitments across India as on December 2012.

Of the total outstanding investments attracted by the state of Gujarat worth over Rs 14 lakh crore as of December 2012, foreign and domestic private sources account for over Rs 10 lakh crore thereby registering a share of about 73%, the Assocham analysis noted.

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Gujarat to witness M&A deals worth $50mn in 2013-14

18 Apr

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According to industry estimate, at least $50 million worth of investment in Gujarat is likely to be made or announced during 2013-14.

In the infrastructure space, already deals are in pipeline for a 25 per cent stake for LNG terminal project at Mundra. The total project cost is estimated to be around Rs 5000 crore. Also, the World Bank Group’s International Finance Corporation (IFC) has been investing in companies in Gujarat and is expected to increase its focus in renewable energy projects in the state.

However, raising a concern, Vadodara-based investment banker and M&A advisor, Sanjeev Shah maintained that upcoming Lok Sabha elections and political development will bear the key to success of M&A acquisitions in the country during the year.

“In Gujarat, water solutions sector is also one of the promising sectors where investments through M&A will be seen during coming months.” Said Ashesh Shah, managing director, Trans-Continental Capital Advisors – a Mumbai-based financial advisory firm.