Latest news with #EOIs
The Hindu
21-05-2025
- Business
- The Hindu
Kerala setting a new benchmark for investment promotion, project implementation: Rajeeve
Four projects for which expression of interests (EOIs) have been received at the Invest Kerala Global Summit (IKGS) in Kochi this February commenced in April. The projects have a total outlay of ₹1,211 crore. Meanwhile, foundation stone will be laid this month for eight projects coming up at an investment of ₹2,675 crore. The four projects have the potential to generate 3,050 jobs. As many as 8,800 jobs will be created by the eight projects. Disclosing this at a press conference here on Wednesday, Minister for Industries P. Rajeeve said this affirmed Kerala's standing as a premier investment destination with increased investor trust in the government. He said another five projects, with an outlay of over ₹1,000 crore and the potential to generate 2,400 jobs, were slated to begin in June. 'By combining transparent digital tools, decentralised execution, and policy reform, Kerala is setting a new benchmark for investment promotion and project implementation in the country,' he said. Among the major proposals that came up at the IKGS, the Genome Valley at Life Sciences Park with an investment of ₹3,800 crore in Thiruvananthapuram will commence construction shortly while Unity Mall in Thiruvananthapuram will be inaugurated in November, the Minister said. A dedicated advisory group, chaired by the Minister, has been formed for monitoring project implementation, coordinating across departments and resolving issues. A policy reform meeting chaired by the Chief Minister is scheduled for June. The meeting will address the procedural and policy bottlenecks that affect investment implementation and focus on improving the overall ease of doing business. A portal, has been launched to create a database of land available in the State for industrial purposes, the Minister said. The portal will function like a matchmaking website where those who have land available for industrial purposes can list information, Mr. Rajeeve said. Another portal, developed by the Kerala State Industrial Development Corporation, will provide investors and departments updates and information about each proposal's implementation status. It also features a monthly progress report to ensure transparency and stakeholder accountability. Around 450 EOIs have been received at the IKGS, for which over 370 project-level meetings have been conducted so far, and updated status reports and photographs have been uploaded on the dashboard of the IKGS portal.
Time of India
04-05-2025
- Business
- Time of India
New life for parks in Thiruvananthapuram city through private tie-up
Thiruvananthapuram: The city corporation is in the final stages of selecting private partners to manage and maintain major parks in the capital. Earlier, the civic body had invited expressions of interest (EOI) from private agencies for the upkeep and operation of key parks, including Captain Lakshmi Park and Sree Chitra Thirunal Park. The EOI sought competent agencies capable not only of maintaining these public spaces but also of operating revenue-generating facilities such as cafeterias and kiosks. Sources said that an initial round of discussions has already been held with interested agencies, and the final selection will be made during the upcoming council meeting. The initiative is part of a broader push to improve the quality and maintenance of public spaces through sustainable public-private partnerships. According to corporation officials, selected partners will be responsible for routine cleaning, landscaping, lighting, security, and overall infrastructure maintenance. In return, they will be allowed to run small businesses—such as refreshment counters and souvenir stalls—within the park premises. Each park will have a separate private partner. Corporation secretary Jahamgeer S said the move aims to modernize and improve the management of public amenities. "We want parks to be not only clean and safe but also lively, welcoming places for the public. Collaborating with private agencies will help us bring in expertise, innovation, and better service delivery," he said. He added that the chosen parks are high-footfall areas with strong community relevance. "Captain Lakshmi Park and Sree Chitra Thirunal Park are important urban spaces. We expect agencies to submit proposals that enhance both the functionality and aesthetics of these areas," Jahamgeer noted. Interested agencies have been asked to submit their EOIs by the end of the month. Proposals will be evaluated based on prior experience, technical skills, and financial stability. Detailed guidelines and terms of reference will be shared with shortlisted applicants in the next phase. Officials said the success of this pilot project could lead to the model being expanded to include more parks and public spaces in the future.
Business Recorder
25-04-2025
- Business
- Business Recorder
PM Shehbaz pushes for privatisation of PIA within proposed timeframe
Prime Minister Shehbaz Sharif on Friday directed the concerned authorities to ensure privatisation of the Pakistan International Airlines (PIA) within the proposed timeframe, a statement from the Prime Minister's Office (PMO) read. He said this in a review meeting for the privatisation of the national carrier. During the meeting, the prime minister was briefed on the auction process, the required timeline, and the eligibility criteria for participation in the auction. 'PM directed that the privatisation of PIA be ensured within the proposed timeframe,' the PMO said. PIA privatisation: govt restarts airline sale process with fresh EOI call The premier also instructed to organise roadshows and take investors into full confidence regarding the privatisation of the national airline. 'Transparency should be given central importance in the privatisation process of the PIA,' he stressed, directing that the privatisation process of all state-owned enterprises be broadcast live on television and digital platforms. 'PM Shehbaz was briefed that a comprehensive investor outreach strategy had been developed in collaboration with the consultant, and was being fully implemented,' the PMO statement read. On Thursday, the government said it was seeking fresh bids for the privatisation of the PIA, marking a renewed effort to offload its stake in the national carrier. The Privatisation Commission (PC) invited expressions of interest (EOIs) through an advertisement from investors interested in acquiring a majority stake in the restructured airline. 'Interested parties that are companies, firms, body corporate or other legal entities should submit EOIs (as a single entity or as a consortium)………with non-refundable processing fee of $5,000 or Rs1,400,000. 'Where an interested party is submitting an EOI as a consortium, the processing fee is only required to be paid by one member of the consortium……The EOI must be available with the Privatisation Commission and the processing fee must be paid, on or before 16:00 Hours, on Tuesday, June 3, 2025,' the advertisement read. The government has been seeking to sell a 51-100% stake in the debt-ridden carrier, to raise funds and reform cash-draining, state-owned enterprises (SOEs) as envisaged under a $7 billion International Monetary Fund programme (IMF). It failed in the first attempt to privatise the PIA last year after receiving a single offer, well below the asking price of more than $300 million.
Business Recorder
24-04-2025
- Business
- Business Recorder
PIA privatisation: govt restarts airline sale process with fresh EOI call
Pakistan government announced on Thursday that it was seeking fresh bids for the privatisation of the Pakistan International Airlines (PIA), marking a renewed effort to offload its stake in the national carrier. The Privatisation Commission (PC) invited expressions of interest (EOIs) through an advertisement from investors interested in acquiring a majority stake in the restructured airline. 'Interested parties that are companies, firms, body corporate or other legal entities should submit EOIs (as a single entity or as a consortium)………with non-refundable processing fee of $5,000 or Rs1,400,000. 'Where an interested party is submitting an EOI as a consortium, the processing fee is only required to be paid by one member of the consortium……The EOI must be available with the Privatisation Commission and the processing fee must be paid, on or before 16:00 Hours, on Tuesday, June 3, 2025,' the advertisement read. The government has been seeking to sell a 51-100% stake in the debt-ridden carrier, to raise funds and reform cash-draining, state-owned enterprises (SOEs) as envisaged under a $7 billion International Monetary Fund programme (IMF). It failed in the first attempt to privatise the PIA last year after receiving a single offer, well below the asking price of more than $300 million. Blue World City consortium refused to match the minimum expectation of the Privatisation Commission of Rs85.03 billion and stuck to its original offer of Rs10 billion for a 60% stake in the PIA, ending the bidding process of the national flag carrier's privatisation. The PC board approved seeking new bids, the ministry said in a statement last week. 'The board approved the pre-qualification criteria for selection of prospective bidders,' it said then. The national carrier returned to profit after 21 years, posting a net profit of Rs26.2 billion for the year 2024. It recorded an operational profit of Rs9.3 billion for 2024, according to a PIA press release issued earlier this month. The last time the PIA posted a profit was in 2003 and later remained in loss for the next two decades. Passenger arrested for 'smoking, misbehaving with crew' during PIA flight to Paris PIA is a full service airline, providing aviation services supported by its ancillary segments. The business segments include passengers, ground handling, flight training, cargo engineering and flight kitchen. In the last financial year, the advertisement says, PIA served approximately 4 million passengers across 30 destinations, carrying out 268 flights per week. The Government of Pakistan (GOP) through PIA Holding Company Limited (PIA Holdco) owns approximately 96% of the issued capital of the PIA. PIA and PIA Holdco filed a scheme of arrangement with the Securities and Exchange Commission of Pakistan (SECP) under the Companies Act, 2017, which was sanctioned by the SECP through its order dated May 3, 2024 (SOA sanction order). Pursuant to the SOA Sanction Order, non-core assets and non-core liabilities were transferred to PIA Holdco (non-core business) and the PIA continues to hold the core assets and core liabilities (core business). The core business includes assets, liabilities, employees pertaining to air transport operations and allied services (including ground handling, flight training, cargo engineering and flight kitchen), rights and obligations under various operational agreements executed by the PIA including the air services agreements, code sharing agreements, fuel supply agreements and passenger sales agency agreements. Pursuant to the SOA sanction order, the shareholders of PIA became the shareholders of PIA Holdco and PIA became a wholly-owned subsidiary of PIA Holdco, with a single class of ordinary shares. PIA Holdco was listed on the stock exchange and PIA ceased to be listed.
Zawya
27-02-2025
- Business
- Zawya
Dewa launches tender for Phase VII of MBR Solar park
Dubai Electricity and Water Authority (Dewa) has launched a tender for the construction of Phase VII of Mohammed Bin Rashid Al Maktoum Solar Park, the world's largest single-site solar park being implemented under the IPP model. The project will have 1,600 MWac to 2000 MWac in solar photovoltaic aggregate capacity and will be connected to 1GW in battery storage, which would be enough to provide six hours of storage. The Al Maktoum Solar Park, which is a cornerstone of Dubai's ambition to source 100% of its energy from clean sources by 2050, will be commissioned in phases starting August 2027. The seventh-phase integration of 1,000MW battery energy storage system will maximise renewable energy use and provide dispatchable clean power, ensuring Dubai's energy resilience. Upon completion, the solar park's total capacity will significantly surpass the original 5,000MW target, solidifying the UAE's position as a global hub for renewable energy innovation. According to Dewa, the winning developer/developer consortium will share the ownership of project and the power generated by the project will be purchased by the Dubai utility under a long-term Power Purchase Agreement (PPA). The deadline for submitting the expressions of interest (EOIs) has been set at March 21. Earlier this week, Dewa had announced the appointment of a global consortium led by Deloitte as consultant for the VII phase of the Al Maktoum Solar Park.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
