New Projects

New Projects Page : 2

Port Terminal:

The Indian Oil Corporation (IOC) led consortium awarded a letter of support (LOS) by Andhra Pradesh government to set up Rs. 90,400 crore Hydrocarbon terminal at Kakinada Port, would float 5 separate joint ventures to execute various components of the projects. The state government on August 3, last gave LoS to the consortium to take up project which would become operational within the next four years. The detail project report would be ready in the next 6 months and financial closure would be achieved within a year. Under the first phase of the project on the country’s east coast, a Liquified Natural Gas (LNG) berth, storage and regassification facilities and pipeline network would be put in place. At the cost of Rs. 5,150 crore.

E-tailing Outlets:

Crocodile Products Pvt. Ltd., a joint venture between Crocodile International Pte. Ltd., of Singapore and Srirams Associates of Coimbatore for manufacturing Crocodile range of fashion world, is planning to set up e-tailing and retailing outlets in various part of the country. They are planning to tie-up with big financial institutions who can participate and provide funds and other necessary infrastructure for setting up these outlets. At present they are talking with two financial institutions and everything is likely to be finalised within the next 60 days. Equity and premium is been worked out and the proposed JV has been christened as Crocodile South Asia E-tech. Ltd., which has already been registered with the register of company in Chennai.

E-com Investment:

Infotech major, Infosys Technologies Ltd., which has taken a stake in the US-based Cidra Corp., is now planning strategic investment in e-commerce, broadband wireless and optical network companies abroad. The company said that Infosys would invest it, would be based outside India.

Security System:

Kores (India) Ltd., has entered into an alliance with Switzerland-based Gehrer AG for marketing the latter’s security systems for the transport of money and valuable in the country.

LPG Plants:

The Gas Authority of India Ltd., (GAIL), is exploring the possibility of setting up 3 new LPG plants in the South. At an estimated investment of about Rs. 800 crore to fully utilise the access availability of Gas in the Cauvery and KG basin.

IT Services:

Housing Development Corporation and Tata Consultancy Services is joining hands to provide IT enabled services to prospective clients in the US and other developed countries. They are expected to offer a whole range of services that would include online information and help support through all centres, relationship management and back office data processing. They proposed to set up its operations in Mumbai and Chennai and planned to commence plant services in 4 months. The services would be expanded over the next few years to include other services such as data conservation, webcontent etc.

Internet:

The California-based @ Road INC., is investing $ 20 million in its Indian subsidiary. At Road Software India to enhance its existing operations, start new application development and ensure quality assurance for its US operations.

Pharmaceutical:

Pharmaceutical major Dr. Reddy’s Laboratories has signed and JV agreement with a Canadian and a Chinese company to set up a manufacturing unit near Shanghai in China. Christened, Kunshan Rotan Reddy pharmaceutical Company. Joint venture will manufacture and repackage bulk formulations, tablets capsules, ointments, gels and other products. Dr. Reddy will hold 51% stake in the joint venture with an investment of $ 5,61,000 over 3 years while Canada Rotan Enterprises and Kunshan Double-Crain Pharama Company will hold stake of 47.41% and 1.59% respectively.

Alcohol:-

VB Group Company, millennium Alcobev Ltd., has tied up with Daman-based Blossoms Industries Ltd., to utilise brewing capacities of the latter for their brands as also provide thrust to the export plants.

Food and Agriculture:-

Infrastructure Development Finance Company (I.D.F.C.) and Dutch-based Rabo India entered into a strategic alliance to develop and imbibe the best of international practices in the food and agriculture industry. Rabo Bank, with assets of over $ 280 billion, is focusing on the food and agricultural sectors.

Internet:-

Trigyn Technologies has won 2 key Chinese Internet business contracts which the company hopes to leverage for long term services. Each contract is worth about $ 7,50,000.

Telecom:-

Power Great Corp. India (PGCIL) Gas Authority of India (GAIL) Indian Railways and National Highways are likely to join hands in the year future in order to form a joint venture Telecom company for nation wide brought band network and to provide all ranges of telecom services.

Digital Audit:-

BPL has tied-up with Denoon of Japan who are world leaders in high-end digital audio for PRO FX, an Entertainment brand promoted by BPL. PRO FX will be exclusively retained through company owned outlets being set up in Bangalore, Mumbai, Chennai and Delhi.

Telecom:-

Singapore Telecom, which recently invested $ 400 million in two firms of Bharti Group is close to investing in a third venture for long distance telephony. The new company will be called Bharti Telesonic. Earlier this month, Singti brought 20% and 15% stakes respectively in Bharti Telecom and Bharti Tele ventures, two of the companies controlled by the holding company Bharti enterprise.

Wine:-

Shaw Wallace & Company Ltd., is planning to set up a state of the art winery in Bangalore with foreign collaboration. The plant will have an initial grape crushing capacity of 2500 ton per annum, to be later expanded to 5000 ton per annum to ensure production of port wine from the locally grown grapes, for the first 3 years and bottling imported bulk wine varieties. The company would launch new brands of imported drive White & Red wine by the year end to gain entry into the semi-premium wine segment.

Hotels:-

The International Hotels Chain, Le Meridien Hotels and Resorts, is planning to invest around Rs. 1000 crore in India in the next 3 to 4 years. Speaking at the launch of the group’s first boutique hotel Le Royal Meridien at Andheri, Senior vice president (finance) middle East and West Asia, Ashok Ummat stated that the hotel has plans to add around 1200 more rooms in India by 2003 which will be the largest ever investment. The 171 room five star Delux Hotel has been set up at an estimated cost of around Rs. 120 crore and will mainly target corporate travellers. The group has plans to set up another hotel of a similar size at Juhu which would be ready by 2002-03. Two more Hotels at Goa and Kochi would be open shortly

WAP:-

Tata Consultancy Services, has signed a MoU with wireless internet company , Jataayu Software Pvt., Ltd., whereby the formal will be able to expand its scope of operation into the wireless application protocol area. TCS has identified WAP as a strategic growth area and as per the MoU ,the products and offerings created by Jataayu in the WAP area such as ‘Jataayu’ and ‘Unwiring the Internet’ would be provided expertise by TCS to take them to the global market.

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