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Time of India
6 days ago
- Business
- Time of India
Zaheerabad smart city infra works to begin soon
Hyderabad: After receiving all the required approvals and clearances, Zaheerabad Industrial Smart City (ZISC) infrastructure works are expected to begin in the next few months. The smart city, which aims to attract 15,000 crore investments and create nearly two lakh direct and indirect jobs, will have manufacturing units, including food processing, automotive, metals, electrical equipment, transport like rail locomotives, aircraft, military equipment, and other non-transport sectors. Telangana Industrial Infrastructure Corporation (TGIIC) has recently invited tenders for a request for proposal for designing, construction, testing, commissioning, operation, and maintenance of infrastructure works of ZISC under the Hyderabad-Nagpur Industrial Corridor. While Phase I is being developed in 3,245 acres in Zaheerabad area in Sangareddy district, the rest would be taken up in other phases. Of the 3,200 acres, 1,900 acres would be used for industrial purposes, about 650 acres were earmarked for green areas, and the rest for amenities, logistics, residential, commercial infrastructure, and other purposes. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad | Gold Rates Today in Hyderabad | Silver Rates Today in Hyderabad The Zaheerabad smart city was initiated as a National Investment Manufacturing Zone (NIMZ) in about 12,300 acres covering about 17 villages in Sangareddy district. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Wildlife Cameras Capture What No One Should See Ohi Blog Undo The project was included in the Hyderabad-Nagpur Industrial Corridor for funding under National Industrial Corridor Development and Implementation (NICDIT). The NICDIT board approved the proposal last year and other approvals. The project cost has been pegged at 2,369 crore, of which TGIIC equity would be 620.96 crore (51%) and the equity of NICDIT about 596 crore (49%). The balance would be debt to the special purpose vehicle (SPV) NICDIT Zaheerabad Industrial Smart City Limited, which was incorporated for project implementation. Official sources said the tenders for infrastructure works would be finalised in Oct and are expected to be completed in the next one and a half years. Officials said of the 3,200 acres, about 2,900 acres have already been acquired, and the acquisition of the remaining would be completed soon. Earlier, the state govt had allotted lands to Vem Technologies (511 acres) and Hyundai (408 acres). Later on, the project area was increased to 3,245 acres (excluding land allotted to Vem & Hyundai). The state govt submitted the proposal to NICDIT and the Union govt in 2024. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.
Time of India
09-07-2025
- Business
- Time of India
Telangana CM Reddy meets Union ministers; pushes for Smart City, Mamnoor airport funds, ET Infra
Advt CM seeks funds for Mamnoor airport Advt Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. Chief minister A Revanth Reddy Tuesday met Union ministers JP Nadda and Piyush Goyal in New Delhi and put forth the state's demands, including timely supply of urea during the crop season, funds for Mamnoor airport in Warangal and sanctioning of Hyderabad-Bengaluru Industrial Corridor as an Aero-Defence his meeting with commerce and industry minister Piyush Goyal in the evening, the CM sought central support for development of Zaheerabad Industrial Smart City. He urged him to ensure immediate release of ₹ 596.61 crore approved by National Industrial Corridor Development and Implementation Trust (NICDIT) for the development of Smart wanted the Centre to provide financial assistance to develop infrastructure, mainly water and power supply network, required for the Smart chief minister explained the importance of Hyderabad-Warangal corridor to Goyal and requested central funds for speedy completion of Mamnoor airport."The feasibility study of the Hyderabad-Vijayawada Industrial Corridor is in progress. The state govt has already set up a dedicated defence and aerospace park with state-of-the-art infrastructure in Adibatla. The Centre should sanction the Hyderabad-Bengaluru Industrial Corridor as an Aero-Defence corridor. The state govt has also proposed the development of 100 plug-and-play industrial parks which are ready for investments," the CM told in the day, the CM met fertilisers and chemicals minister Nadda and urged him to supply urea allocated to Telangana in time during the crop brought to Nadda's notice that only 3.07 lakh metric tonnes of urea was supplied between April and June to Telangana against the requirement of 5 lakh metric tonnes in the Kharif season."As much as 63,000 metric tonnes of domestically produced urea and 97,000 metric tonnes of imported urea were to be supplied to the state for July. But the Centre supplied only 29,000 metric tonnes of urea. Enhance the quota of domestically produced urea for Telangana ," the CM told Nadda.
NDTV
15-05-2025
- Business
- NDTV
Greater Noida To Get New Huge Railway Station Similar To New Delhi. Details Here
A world class railway station, with an advanced look and expanded space, is set to open at Bodaki in Greater Noida. Officially named Greater Noida Terminal, the station is being designed as NCR's gateway to the eastern part of the country. The officials claim it could be one of North India's most modern hubs and will be able to handle 100 trains, including Vande Bharat and other premium expresses, as per reports. Also Read: Why Road Trips Exhaust You More Than Train Rides Within a 176-hectare multimodal transportation hub, the terminal will span 46 hectares and include 12 platforms and 63-yard lines for extensive repair activities. The station's ground floor will reportedly be used for train operations and other associated tasks, while the upper stories will house commercial spaces, resulting in a mixed-use building. Connectivity between eastern India and Delhi-NCR would be facilitated by the news station, which is less than an hour's drive from the soon-to-be Noida International airport, reports added. Greater Noida Terminal will serve as a hub for commuters from Noida, Greater Noida, and other cities in the National Capital Region. The train station will be a component of the transportation hub, which will also include a local bus terminal, an interstate bus stop, and a metro corridor connecting Depot Station and Bodaki. The project's scope has changed substantially since its inception due to several design modifications. Officials stated that the budget, which was initially approved at Rs 1,850 crore, is expected to double with these improved capabilities. The master plan is being crafted by DMIC-IITGNL, a special purpose vehicle (SPV) jointly developed by NICDIT (Centre) and Greater Noida Industrial Development Authority (GNIDA), each of which owns a 50% stake. According to officials, SPV would submit the blueprint for state government approval. The SPV will manage the project's funding and develop supporting amenities, including bus stops and utilities, while Indian Railways will supervise the construction of the station and other related infrastructure. When it opens, the Greater Noida Terminal will take in eastbound passenger traffic from Noida, Greater Noida, Ghaziabad, and other NCR areas, greatly relieving congestion at Delhi's current transit points, especially Anand Vihar. Once the master plan gets approved, the project is expected to be completed in three years, said officials.
Time of India
13-05-2025
- Business
- Time of India
Kochi-Bangalore Industrial Corridor Gathers Steam: Palakkad Node Gets Green
Shri. P. Rajeev, Minister for Industries, Govt. of Kerala The Government of India's ambitious plan to develop world-class industrial hubs under the National Industrial Corridor Programme has reached a major milestone in Kerala. The Kochi-Bangalore Industrial Corridor (KBIC), envisioned as an extension of the Chennai-Bangalore Industrial Corridor, is now taking shape with significant progress in the Palakkad node—one of two major nodes planned under the project. The KBIC is being implemented under the aegis of the National Industrial Corridor Development and Implementation Trust (NICDIT) and aims to transform the industrial landscape of southern India. It will position India as a competitive global manufacturing and investment destination, on par with international industrial giants. KICDC Takes the Helm The Kerala Industrial Corridor Development Corporation Limited (KICDC)—a 50:50 joint venture between NICDIT (representing the Centre) and KINFRA (representing the State)—was incorporated on April 21, 2021, to execute the KBIC project. The formal State Support and Shareholder Agreements were inked on October 22, 2020. Palakkad Node: Key Industrial Hub in the Making The Palakkad node, formally called the Integrated Manufacturing Cluster (IMC) Palakkad, will span 1,710 acres across three land parcels: Pudussery Central (1,137 acres), Pudussery West (240 acres), and Kannambra (313 acres). Strategically located along National Highway 544, the site lies 35 km west of Coimbatore (Tamil Nadu) and 83 km east of Thrissur (Kerala). The IMC is set to host a diverse range of industries, including pharmaceuticals, medicinal chemicals, botanical products, textiles and apparels, food and beverages, non-metallic mineral products, rubber and plastic goods, high-tech manufacturing, and fabricated metal machinery. Approvals and Funding in Place Land acquisition has made significant headway, with approximately 1,400 acres already acquired—1,100 acres in Pudussery Central and 299 acres in Kannambra. Notifications under Section 11(1) have been issued for the remaining 240 acres in Pudussery West and the required access road. The Government of Kerala, through the Kerala Infrastructure Investment Fund Board (KIIFB), has released ₹1,489 crore to date for land acquisition. Environmental clearances have also been secured: IMC Pudussery Central and West received clearance on February 15, 2024, while Kannambra was green-lit on February 13, 2025. Major Central Push for Funding In a key development, the NICDIT board gave its approval to the IMC Palakkad project on December 14, 2022, with a sanctioned outlay of ₹3,815 crore. The Centre committed ₹1,789.92 crore as equity contribution. This was followed by Union Cabinet clearance on August 28, 2024, for a total of ₹3,806 crore—including ₹1,789.92 crore for land and ₹2,026 crore for development. Site visits by top officials—including the Minister for Industries, Law and Coir on September 24, 2024, and the NICDC CEO on October 4, 2024—have further underlined the government's intent. Equity Tranches and Master Plan Unfold In December 2024, the first tranche of equity—comprising 110 acres of land (GoK) and ₹104.5 crore (GoI)—was transferred to the SPV. This was followed by a second tranche in March 2025, consisting of ₹209 crore (GoI) and 220 acres of land (KINFRA) as state equity. The masterplan and Detailed Project Report (DPR) have been prepared by consultants appointed by NICDC. The Request for Qualification-cum-Request for Proposal (RFQ-cum-RFP) for appointing a Programme Manager for New Cities (PMNC) has been floated and is expected to be awarded this week. An Engineering, Procurement and Construction (EPC) contract tender will follow by May 2025. The entire Palakkad node project is targeted for completion within four years. Disclaimer: This article has been produced on behalf of Ministry of Industries, Kerala by Mediawire team.
Time of India
13-05-2025
- Business
- Time of India
Kochi-Bangalore Industrial Corridor Gathers Steam: Palakkad Node Gets Green
Shri. P. Rajeev, Minister for Industries, Govt. of Kerala The Government of India's ambitious plan to develop world-class industrial hubs under the National Industrial Corridor Programme has reached a major milestone in Kerala. The Kochi-Bangalore Industrial Corridor (KBIC), envisioned as an extension of the Chennai-Bangalore Industrial Corridor, is now taking shape with significant progress in the Palakkad node—one of two major nodes planned under the project. The KBIC is being implemented under the aegis of the National Industrial Corridor Development and Implementation Trust (NICDIT) and aims to transform the industrial landscape of southern India. It will position India as a competitive global manufacturing and investment destination, on par with international industrial giants. KICDC Takes the Helm The Kerala Industrial Corridor Development Corporation Limited (KICDC)—a 50:50 joint venture between NICDIT (representing the Centre) and KINFRA (representing the State)—was incorporated on April 21, 2021, to execute the KBIC project. The formal State Support and Shareholder Agreements were inked on October 22, 2020. Palakkad Node: Key Industrial Hub in the Making The Palakkad node, formally called the Integrated Manufacturing Cluster (IMC) Palakkad, will span 1,710 acres across three land parcels: Pudussery Central (1,137 acres), Pudussery West (240 acres), and Kannambra (313 acres). Strategically located along National Highway 544, the site lies 35 km west of Coimbatore (Tamil Nadu) and 83 km east of Thrissur (Kerala). The IMC is set to host a diverse range of industries, including pharmaceuticals, medicinal chemicals, botanical products, textiles and apparels, food and beverages, non-metallic mineral products, rubber and plastic goods, high-tech manufacturing, and fabricated metal machinery. Approvals and Funding in Place Land acquisition has made significant headway, with approximately 1,400 acres already acquired—1,100 acres in Pudussery Central and 299 acres in Kannambra. Notifications under Section 11(1) have been issued for the remaining 240 acres in Pudussery West and the required access road. The Government of Kerala, through the Kerala Infrastructure Investment Fund Board (KIIFB), has released ₹1,489 crore to date for land acquisition. Environmental clearances have also been secured: IMC Pudussery Central and West received clearance on February 15, 2024, while Kannambra was green-lit on February 13, 2025. Major Central Push for Funding In a key development, the NICDIT board gave its approval to the IMC Palakkad project on December 14, 2022, with a sanctioned outlay of ₹3,815 crore. The Centre committed ₹1,789.92 crore as equity contribution. This was followed by Union Cabinet clearance on August 28, 2024, for a total of ₹3,806 crore—including ₹1,789.92 crore for land and ₹2,026 crore for development. Site visits by top officials—including the Minister for Industries, Law and Coir on September 24, 2024, and the NICDC CEO on October 4, 2024—have further underlined the government's intent. Equity Tranches and Master Plan Unfold In December 2024, the first tranche of equity—comprising 110 acres of land (GoK) and ₹104.5 crore (GoI)—was transferred to the SPV. This was followed by a second tranche in March 2025, consisting of ₹209 crore (GoI) and 220 acres of land (KINFRA) as state equity. The masterplan and Detailed Project Report (DPR) have been prepared by consultants appointed by NICDC. The Request for Qualification-cum-Request for Proposal (RFQ-cum-RFP) for appointing a Programme Manager for New Cities (PMNC) has been floated and is expected to be awarded this week. An Engineering, Procurement and Construction (EPC) contract tender will follow by May 2025. The entire Palakkad node project is targeted for completion within four years. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
