Latest news with #EOI
Time of India
14 hours ago
- Business
- Time of India
Pradhan Mantri Kisan Sampada Yojana boost: Centre clears Rs 6,520 crore for PMKSY expansion, 50 irradiation units and 100 food labs in pipeline
AI image The Union Cabinet has approved a total outlay of Rs 6,520 crore — including an additional Rs 1,920 crore — for the Central Sector Scheme Pradhan Mantri Kisan Sampada Yojana (PMKSY) during the ongoing 15th Finance Commission cycle (2021–22 to 2025–26), the government said in an official release said. The allocation includes Rs 1,000 crore to support the setting up of 50 multi-product food irradiation units under the Integrated Cold Chain and Value Addition Infrastructure (ICCVAI) scheme, and 100 NABL-accredited food testing laboratories (FTLs) under the Food Safety and Quality Assurance Infrastructure (FSQAI) component. An additional Rs 920 crore has been approved for 'sanctioning projects under various component schemes of PMKSY during the 15th FCC,' according to the release. Highlighting the scope of the investment, the Cabinet said 'The implementation of the proposed 50 multi-product food irradiation units is expected to create total preservation capacity ranging from 20 to 30 Lakh Metric Tonnes (LMT) per annum, based on the type of food products irradiated under these units.' The food irradiation units are aimed at increasing shelf life and reducing post-harvest losses, while the 100 new food labs — to be set up by private players — will ensure 'compliance with food safety standards and supply of safe foods,' the release said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Up to 70% off | Libas Purple Days Sale Libas Undo The schemes are demand-driven and will follow the Expression of Interest (EOI) route. 'The proposals received against the EOI would be approved after proper scrutiny as per eligibility criteria as per the extant scheme guidelines,' it added. Stay informed with the latest business news, updates on bank holidays and public holidays . Discover stories of India's leading eco-innovators at Ecopreneur Honours 2025
Indian Express
a day ago
- Business
- Indian Express
BMC extends deadline on EOI to set up textile museum in Kalachowki
The Brihanmumbai Municipal Corporation's (BMC) plans to rope in an external agency to restore the old mill structures and develop a textile museum at Kalachowki in Byculla East has drawn feeble responses from eligible parties, nudging the civic body on Wednesday to extend the deadline on its Expression of Interest (EOI) by 15 days to August 13. Earlier on July 3, the BMC's heritage conservation cell department floated an Expression of Interest (EOI) inviting eligible and reputed public companies, charitable trusts or society to develop the textile museum. According to officials, the scope of work for the agency will include the redevelopment of the old structures earmarked for restoration as well as overlooking its operation and maintenance over the next 20 years. Estimated at a cost of between Rs 80 and 100 crore, the entire project cost will be borne by 'a reputed company or charitable trust or society' who can invest through their CSR model. However, civic officials said the project EOI has presently received response from only one external agency. Owing to insufficient response, the BMC has revised its EOI deadline upto August 13, in a corrigendum issued Wednesday. As per the initial tender, the deadline was expected to close for bidders on July 28. Sprawled over an area of 44,000 square metre within the compound of the India United Mill No. 2 and 3 at Kalachowki, the civic body in 2019 charted plans to redevelop the space as a textile museum. The project aimed at restoring the old mill buildings–whose history dates back as early as 1869–into a textile museum while also developing recreational spaces within the compound with the aim of educating the citizens about Mumbai's rich industrial history. So far, the BMC has launched work on the establishment of a musical fountain over a pond, murals, amphitheatre among other recreational spaces within the compound of the mill. With the first phase of works nearing completing, the civic body has now taken up the cudgels to restore the old, dilapidated structures into a museum.
Barnama
6 days ago
- Business
- Barnama
PIFC Establishment Now At Engagement Stage With BNM, Securities Commission
GEORGE TOWN, July 26 (Bernama) -- The proposed establishment of the Penang International Financial Centre (PIFC) is currently at the engagement stage with the federal government, Bank Negara Malaysia (BNM) and the Securities Commission. Chief Minister Chow Kon Yeow said the think tank, Penang Institute, was given the role to initiate the Expression of Interest (EOI) process last March, and the results had already been presented to the state's Cabinet. 'As a long-term plan to sustain the state's continuous growth, the proposed PIFC project will be realised, which includes the development of a site measuring almost 100 acres (40.46 hectares) and involves various financial facilities and supporting infrastructure. 'This includes fund management, an international convention centre, high-end banking services, a fintech free trade zone and a logistics hub,' he said in his speech at the investiture of the state awards, medals and honours at Dewan Seri Pinang here today. The ceremony, which was held in conjunction with the Penang Governor Tun Ramli Ngah Talib's 84th birthday celebration, saw 280 individuals being honoured with the state's awards, medals and honours. Chow said PIFC aims to attract new capital flows to strengthen the semiconductor sector in the Northern Corridor, in line with the New Industrial Master Plan (NIMP) 2030 and the National Semiconductor Strategy (NSS). Meanwhile, he said the Sedusun Tech Valley project through the Northern Corridor Implementation Authority (NCIA) is currently in the stage of clearing the project site and is expected to be fully completed in the first quarter of 2027. The Chief Minister said it is an effort to make Penang an 'Agricultural Silicon Valley' that focuses on the smart farming industry towards increasing agricultural yields optimally compared to traditional methods. In addition, Chow said the state government is also giving priority to addressing the urgent needs of the people's mobility, including through the application under the 13th Malaysia Plan (13MP) involving the upgrading of the Federal Highway from Bayan Lepas to Teluk Kumbar to a four-lane dual carriageway.
Business Times
15-07-2025
- Business
- Business Times
Macau property magnate Loi Keong Kuong and family sell five Pagoda Street shophouses for S$50.7 million
[SINGAPORE] Macau property magnate Loi Keong Kuong and his family have sold five shophouses in Pagoda Street in Chinatown at prices between 5 and 20 per cent lower than what they had paid for these units a decade ago. The shophouses, Nos 58, 60, 62, 68 and 74, are on sites with about 69 years left on their leasehold tenures. All five properties have either three storeys or three storeys with a mezzanine level. They fetched between S$9.2 million and S$10.88 million in separate transactions this year, against the Loi family's purchase prices of S$10.8 million to S$12.38 million in 2015/2016. Based on industry circles' estimates of the floor areas of the properties, this year's sale prices of the five shophouses work out to between S$2,540 per square foot (psf) and S$2,660 psf – down from the S$2,810 to S$3,210 psf based on the Lois' purchase prices. The total sale price of the shophouses is about S$50.7 million, also lower than the S$58.6 million the Lois spent to acquire them. Exacerbating the loss would be stamp duties, and interest expenses on the mortgages on the five shophouses that were in place for four-and-a-half years starting June 2018; the mortgages are understood to have been discharged in December 2022. On the other hand, rental revenue and the slight appreciation of the Singapore dollar against Macau's currency, the pataca, during the holding period would have mitigated or even offset the loss, noted analysts. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up A seasoned property investment sales consultant said: 'The lower sale prices of the Pagoda Street shophouses are a reflection of the vendors adjusting their price expectations to market conditions, as well as the shortening of the balance of the land lease.' Holland Road Shopping Centre assets The Loi family also owns seven retail units leased to a supermarket on the ground floor of the freehold Holland Road Shopping Centre; it paid slightly more than S$61 million, or S$4,976 psf on the total strata area of 12,260 sq ft, in 2016. In addition, the family bought the basement car park in the same development for S$17.3 million in 2020. In April last year, ERA launched an expression of interest (EOI) exercise for the seven retail units and the basement car park in that shopping centre, as well as the three adjoining shophouses at 58, 60 and 62 Pagoda Street. The portfolio's estimated value was stated as 'at least S$160 million'. The EOI closed in late May 2024. Observers suggested that the Loi family could be rebalancing its real estate portfolio, in favour of Macau and other markets. In June, the family scooped up The 13 Hotel in Macau for HK$600 million, as reported by Inside Asian Gaming. The family plans to redesign and renovate the property to create a new tourist landmark. The gaming magazine described Loi Keong Kuong as a well-known real estate businessman in Macau and the founder of Rio Hotel. The publication reported that in 2006, he reached an agreement with Galaxy Entertainment to operate a satellite casino out of Rio. Gaming operations ceased in 2022, before Macau's new gaming law took effect. Loi was also involved in the construction of the luxury residential project One Grantai in Taipa, Macau; he also acquired the Soul Boardwalk shopping centre in Australia's Gold Coast for around US$12 million in 2018. In Singapore, his family sold 60, 62, 68 and 74 Pagoda Street in separate deals to Singapore-incorporated companies fully-owned by Randa Limited, which is incorporated in the British Virgin Islands. The sole director of the Singapore-incorporated vehicles is Lin Yen Fun, a Malaysian citizen and Singapore permanent resident. No 58 Pagoda Street was sold to a Singapore-incorporated company Mixcity; the company's sole shareholder, Singaporean Xue Dan, is engaged in various retail and F&B businesses. The Loi family sold 68 Pagoda Street (centre) at S$9.8 million this year, at less than the S$12.2 million at which they bought it a decade ago. PHOTO: BT FILE Of the five shophouses, Nos 68 and 74 are closest to the Pagoda Street entrance of the Chinatown MRT station, and have Chinese restaurants as tenants. Ice-cream, bubble tea and beverage chain Mixue is a tenant at No 62, and souvenir shops are among the tenants at Nos 58 and 60. All five shophouses are on sites with 99-year leasehold tenures that began in October 1995; site areas range from 1,347 to 1,545 sq ft. Of the five units, No 58 is furthest from the MRT station entrance, and has the biggest site area of 1,545 sq ft. It was transacted in February at S$10.88 million, which was S$1.5 million or 12.1 per cent below its 2016 purchase price of S$12.38 million. The next-door property, No 60, was sold at S$10.6 million, or nearly 5.4 per cent lower than the Lois' purchase price of S$11.2 million. The family sold No. 62 for S$10.2 million – S$1.8 million or 15 per cent below their $12 million purchase price. A few doors away, No 68 fetched S$9.8 million, which was S$2.4 million or 19.7 per cent lower than the family's purchase price. The family sold No 74 at S$9.2 million, 14.8 per cent less than what they had paid for it.
Time of India
15-07-2025
- General
- Time of India
Govt invites experts to address wastemgmt, pollution
New Delhi: The Delhi environment department has invited expressions of interest (EOI) from experts affiliated with NGOs, think tanks and institutions to address various environmental issues, including air pollution, water quality enhancement, noise reduction, waste management and data monitoring, on a 'pro bono' basis. Tired of too many ads? go ad free now The selected experts will assist in analysing, interpreting and visualising datasets while providing technical assistance to govt. The environment department, in an EOI dated July 3, seeks to recruit two specialists. The selected candidates, aged between 30 and 40, will be stationed at the Delhi secretariat for six months initially, with a possible extension of another six months. The department has specified 18 key areas requiring technical expertise, encompassing air quality monitoring and source assessment, reduction of industrial and vehicle emissions, control of diesel generator pollution, waste and construction dust control, advancement of clean fuels and electric vehicles, traffic management and public awareness initiatives. Additional focus areas include tree planting programmes, noise reduction measures, water quality enhancement and implementation of successful practices from other states. "The technical support will mainly include assisting and providing necessary support to the department of environment in executing various activities and programmes, including e-governance tools," the EOI adds. In 2022, Delhi govt inducted 30 junior environmental engineers and 22 'Green Delhi Fellows' into the environment department and Delhi Pollution Control Committee. tnn
