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

18 Apr

Image

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.

4 MoUs in various fields signed between Gujarat and Argentina.

17 Apr

A high level delegation from Argentina meets Narendra Modi on 15th April 2013. Two leaders discussed strengthening cooperation between Gujarat and Argentina and signed 4 MoUs in various fields as well.
Image Narendra Modi spoke about the numerous similarities between Gujarat and Argentina. Dr. Perez also spoke about avenues like climate change, petroleum energy sector, healthcare among others where Gujarat and Argentina can strengthen cooperation.

Asia’s biggest cattle feed factory – Katarava Cattle Feed Plant.

16 Apr

Chief Minister Narendra Modi inaugurated Asia’s biggest cattle feed factory – Katarava Cattle Feed Plant – managed by the north Gujarat’s Banas dairy. The plant, having capacity of producing 1000 ton of cattle feed per day, has been set up by the Banas dairy at the cost of Rs.140 crore. On the occasion the Chief Minister expressed resolve to put Gujarat on the forefront in the field of dairy and animal husbandry.

The chief minister said the milk collection in Banas dairy has increased from 3.5 lakh liters in 2001 to 35 lakh liters now. “Is this not development? But it’s futile to expect that those who defame Gujarat by spreading lies will ever change their mindset. The people of Gujarat has already taught them lesson”, he said.

Image Narendra Modi said the Gujarat government has organized over 30,000 cattle health fair and eradicated about 121 cattle diseases. The government has also provided dental treatment to the animals and done their cataract operations. “Now the animals will be given orthopedic treatments too”. Due to the cattle health initiatives the milk production has increased by a record 68%, he added.

Gujarat government to amend textile policy soon.

15 Apr

After launching one of the most competitive textile policies in the country, the Gujarat government is now set to amend the Gujarat Textile Policy 2012 soon.  Apparently, industry representatives had sought further benefits under the policy.

Image “Gujarat’s strength is cotton but we have to boost the spinning industry. Earlier in September 2012, the Gujarat Chief Minister Narendra Modi had unveiled the Gujarat Textile Policy 2012, the policy looks to attract investment of over Rs 20,000 crore as well as creating new employment opportunities for over 2.5 million people in next five years. “The objective of the new policy is in keeping the interest of the cotton growing farmers, better price realization in national and international markets, and value addition in the entire chain.

Meanwhile, out of the 12 textile parks proposed in Gujarat, two have already set up even as the state government looks to add seven more within the current fiscal of 2013-14.

Gujarat’s canal-top solar power plant: 10 must-know facts

12 Apr

Image

Did you know that the ‘world’s first’ canal-top 1 MW solar project on Narmada branch canal network in Gujarat was commissioned within 1,000 days of conception?

Here is a look at ten facts about Gujarat’s key solar project and how the initiative is meeting energy requirements of the state:

• 1.6 million Units of electricity per year.
• Prevents evaporation of water.
• Set up at Rs 17.50 crore costs.
• Production of clean energy.
• Eliminates need of land for solar projects.
• Helps reduce carbon emissions.
• Made on 750-metre stretch of Sanand branch canal.
• More power – produced 15% extra power.
• Reduced cost of energy for a greener tomorrow.
• Developed by GSECL – Gujarat State Electricity Corporation Limited.

Wow Ashiana Housing to invest Rs 100 crore at Halol – Gujarat

11 Apr

New Delhi-based real estate developer – Ashiana Housing Limited – is foraying into Gujarat’s real estate with its first project at Halol near Vadodra.

The BSE-listed company is investing Rs 100 crore as it is identifying Gujarat’s industrial clusters as the key destination for its upcoming residential reality projects in the state.

“We have taken 10.65 acres land parcel in Halol to develop our first residential project in Gujarat. Land has been converted into non agriculture land,” Ashiana Housing Limited’s Vice-president Sunit Gandhi.

Gujarat records lowest urban unemployment rate in India.

10 Apr

Image