Latest news with #000-crore
Time of India
3 days ago
- Politics
- Time of India
Around 940 hectares of land to be acquired for Manmad-Indore tracks in Nashik and Dhule districts
Nashik: Around 940 hectares of land have to be acquired for the section of Manmad-Indore railway track that will originate from Manmad Junction in Nashik district and pass through Dhule before crossing into the neighbouring state of Madhya Pradesh. The process for the acquisition of land for the Rs18,000-crore project, sanctioned in 2016 during the tenure of then railway minister Suresh Prabhu by the cabinet under the stewardship of Prime Minister Narendra Modi, is in various stages. These stages include assessing the area required, finalising the land needed, and publishing the preliminary and final notifications. In Nashik district, the track will start from Manmad Junction (Nandgaon taluka) and pass through Chandwad and Malegaon talukas into Dhule district. "In all, 360 hectares of land are required. The work of joint measurement of the land in the 21 villages of the district will begin in the latter half of June," said a senior official. The route will pass through Dhule, Shindkeda, and then into Shirpur talukas before entering Madhya Pradesh, requiring more than 580 hectare of land will be required for the tracks, though assessment is yet to be carried out in some areas. "We have acquired 240 hectares of land from Borvihir to Nardana already, and the railways is now taking possession of the same. We have initiated the process of land acquisition for another 120 hectares of land – in all, about 10 villages," said sub divisional officer of Dhule, Rohan Kuwar. The track will pass through nine villages of Shindkheda taluka and 18 villages of Shirpur taluka, where collectively more than 220 hectares of land is likely to be required. "Here, the work of finalising the routes is being carried out, and it is likely to be completed in about two months. Once this is finalised, the exact quantum of land required will be decided," a senior official from the district administration said.
Time of India
25-05-2025
- Business
- Time of India
PMRDA to spend Rs 3,000cr to build road network linking major highways in Pune city
Pune: The Pune Metropolitan Region Development Authority (PMRDA) has announced a Rs3,000-crore road network project to link key highways and decongest Pune's major traffic corridors. Tired of too many ads? go ad free now Officials said the network would offer direct connectivity between Satara Road, Ahilyanagar Road, Solapur highway, Nashik highway, and the Pune-Mumbai highway, while improving road access to peripheral villages and emerging townships. PMRDA commissioner Yogesh Mhase told TOI that the project aims to have proper roads connecting to all highways in the district. "We have zeroed in on all the roads that connect to the highways. We will undertake the repairs phase-wise," he said. Officials of the development authority said construction or repair works are undertaken at various spots along different segments. "Link roads connecting major highways are being prioritised. We have approved work in 20 to 25 villages," a senior PMRDA official said. Most of the new roads will be constructed using cement concrete to improve durability, the official said. "Each road will be equipped with stormwater drainage lines and underground utility ducts to prevent future digging and ensure smooth movement during the monsoon," the official said. "Widths have been finalised keeping future traffic volumes in mind. Utility shifting and technical surveys are being conducted simultaneously to avoid delays," the official added. The first phase of the project includes strengthening existing roads that are already part of PMRDA's regional development plan. Tired of too many ads? go ad free now The work is being executed through multiple packages, with land acquisition being fast-tracked. Officials said the internal grid of roads would function as alternate routes for traffic that crowd the city's arterial roads and highways. Once completed, the network is expected to cut travel time for daily commuters and heavy vehicles entering and exiting Pune. "The aim is to reduce pressure on primary corridors by creating seamless links between them. This will also help people living in peripheral areas travel more efficiently," the official said. Inner ring road alignment to be examined by experts PMRDA is reviewing a request by MP Supriya Sule to shift the alignment of the proposed inner ring road by around 200m in certain locations to avoid affecting residential areas in villages. "A final decision will be taken after technical experts examine the proposal," a senior PMRDA official said. Sule raised the issue during a meeting with the PMRDA commissioner earlier this month stating that it would affect the villagers in the area. She said while she was not against the project, a slight re-alignment would help save the houses of the villagers in Haveli taluka. The Rs14,200-crore inner ring road project spans 83.1km and is designed to provide circular connectivity between major hubs, including Lohegaon airport, Hinjewadi IT Park and Chakan MIDC. The authority already submitted a request to the Pune district collector's office last week to speed up land acquisition for the inner ring road. The ring road is expected to divert heavy traffic away from the city's core areas and support future infrastructure needs.
Hans India
08-05-2025
- Business
- Hans India
LG Electronics breaks ground for Rs.5000 cr plant at Sri City
SRI CITY: Minister for Education, IT, and Electronics Nara Lokesh laid the foundation stone for LG Electronics' new state-of-the-art manufacturing facility at Sri City near Tirupati on Thursday, hailing the project as a turning point in Andhra Pradesh's journey toward becoming a global electronics powerhouse. Addressing a gathering that included LG Electronics India Managing Director Hong Ju Jeon and other key representatives, Lokesh said, 'This is not just the beginning of a manufacturing unit—it's the laying of a foundation for the future of Andhra Pradesh. Where innovation and investment meet, the future is built.' The Rs.5,000-crore investment marks one of the largest foreign direct investments (FDI) in the state since the formation of the new people's government. Spread over 247 acres, the LG facility will cover 1 million square meters of site area, with a built-up area of 220,000 square meters. The project is expected to generate 1,900 direct and indirect jobs, with LG's main plant accounting for 1,500 of them. Lokesh underscored the broader vision behind the initiative: 'We're not just building factories; we're building the future of our state. This is about creating jobs, empowering youth, and transforming lives.' The new facility will roll out smart and energy-efficient home appliances such as refrigerators, washing machines, and air conditioners. Starting with air conditioner production in 2026, other product lines will be phased in through 2029. Once fully operational, the plant will have an annual output capacity of 800,000 refrigerators, 850,000 washing machines, 1.5 million air conditioners, and 2 million compressors. The initiative also brings a cluster of LG's key vendor partners – including Ecoria, Kuroda Electric, Heng Sung India, Kyungsung Precision, and Taesung Electronics – who are expected to invest an additional Rs.839 crore and generate over 690 more jobs. These partners will help localise the supply chain by manufacturing critical components like compressors and heat exchangers within the state. 'This collaboration showcases Andhra Pradesh's emergence as a competitive global hub for electronics manufacturing,' Lokesh noted. 'When global industrial giants align with Andhra's vision, transformative change becomes inevitable.' The state government has pledged full support from land acquisition to construction and production. Lokesh reaffirmed Andhra Pradesh's commitment to fostering an investor-friendly environment, adding, 'We are open for business, eager for innovation, and ready for transformation.' Thanking LG for selecting Andhra Pradesh for its prestigious unit, Lokesh said, 'The LG factory will become a dream workplace for aspiring engineers, tech professionals, and future entrepreneurs. Together, we're not just assembling machines—we're creating opportunities.' Sri City Chairman C Srini Raju, founder MD Ravindra Sanna Reddy, District Collector Dr S Venkateswar and others were present on the occasion.
Hans India
28-04-2025
- Business
- Hans India
Oil Palm: A high-yield alternative for a sustainable future
Chittoor: Palm cultivation is fast becoming a transformative opportunity for farmers, offering high returns, lower risks, and stable income. With oil palm capable of yielding four to six tonnes of oil per hectarethe State Government is actively promoting it as a sustainable and profitable farming option. The government is encouraging farmers, to shift towards high-yield crops like 'oil palm'. India's per capita edible oil consumption has risen from 15.8 kilograms in 2012-13 to 19 kilograms recently, but domestic production remains inadequate, forcing the country to import. In 2020-21 alone, India imported 133.5 lakh tonnes of edible oil at a cost of Rs.80,000 crore, while producing just 122.89 lakh tonnes domestically. ChittoorDepartment of Horticulture is spearheading initiatives across mandals like Nagari, Nindra, Vijayapuram, Karvetinagaram, Srirangarajapuram, and Gangadhara Nellore. Private companies such as Godrej Agrovet, FFF, and Amma Oil Palm are partnering in the effort. They are offering free quality seedlings, providing training, and ensuring timely procurement of the harvested produce. Government is providing substantial financial support. Imported seedlings are subsidised up to Rs30,000 per hectare, while locally produced seedlings receive Rs20,000 per hectare. Farmers will get Rs.10,500 per hectare annually for four years to support intercropping. Subsidies are available for up to 10 acres per farmer. After three years, farmers are encouraged to plant cocoa as an intercrop, backed by Rs30,000 per hectare subsidy. To shield farmers from market fluctuations, Central Government has created a Rs11,000-crore viability gap fun. Prasad Raj, a farmer from Vijayapuram, shifted from mangoes to oil palm, he sold 27 tonnes of produce to Godrej Company, calling the shift highly profitable. Technical support from the Indian Institute of Oil Palm Research (IIOPR) and corporate partners is helping farmers achieve superior yields. As cultivation expands, the government plans to establish local oil extraction units.
