Under the Haryana Private Universities (Amendment) Bill, 2015, PDM University will be set up in Bahadurgarh, district Jhajjar. This University would be the 19th private university of the State after implementation of the Haryana Private Universities Act, 2006.
Wednesday, December 2, 2015
PDM UNIVERSITY BAHADURGARH
Under the Haryana Private Universities (Amendment) Bill, 2015, PDM University will be set up in Bahadurgarh, district Jhajjar. This University would be the 19th private university of the State after implementation of the Haryana Private Universities Act, 2006.
Saturday, May 9, 2015
Tata Housing to invest Rs 600 crore on new Bahadurgarh project
Tata Housing to invest Rs 600 crore on new Bahadurgarh project
By
PTI | 8 May, 2015,T
NEW
DELHI: Realty firm Tata Housing
will invest
about Rs 600 crore to develop a new residential project at Bahadurgarh,
Haryana.
The company has tied up with a local developer, who owns 21.7 acres of land, to develop this housing project comprising 800-1,000 units.
Tata Housing subsidiary Tata Value Homes said in a statement it has entered into Delhi-NCR's affordable housing market with the launch of this project in Bahadurgarh. The apartment price starts from nearly Rs 50 lakh.
Tata Housing did not mention the total investment to develop this project, but sources said it would be about Rs 600 crore.
The company has received all the necessary approvals to develop this project and construction works would start soon, they added.
Tata Housing MD & CEO Brotin Banerjee said: "Situated in close proximity to both Gurgaon and New Delhi, Bahadurgarh has the potential of being the hub for the value and affordable housing segment in the NCR area."
Tata Housing is a closely held public limited company and a subsidiary of Tata Sons Ltd, which holds 99.86 per cent stake in the realty firm.
It has 70 million square feet under various stages of planning and execution and an additional 19 million square feet in the pipeline.
At present, Tata Housing is developing three projects in Gurgaon.
Tuesday, February 25, 2014
Yokohama inaugurates its first tyre plant in India at BHADURGARH
Yokohama's new
tyre manufacturing plant at Bahadurgarh, India will produce 2000 tyres a day
Yokohama India,
a 100 per cent subsidiary of Yokohama Rubber Company, has set up its new tyre
manufacturing plant at HSIIDC, in Bahadurgarh. Bhupinder Singh Hooda, Chief
Minister, Haryana inaugurated the Rs 300 crore manufacturing unit.
Speaking on
this occasion Hooda, says, “We are glad that Yokohama India chose Bahadurgarh.
Of every two cars being manufactured in India, one comes from Haryana. Infact,
70 per cent of the total Japanese investments in India are in Haryana.”
The commercial
production of the tyres will begin in the second-half of the year 2014.
According to Takeshi Fujino, Managing Director, Yokohama India, the production
can be scaled upto 8,000 tyres per day in the next phases of growth.
The
manufacturer claims that Yokohama tyres are designed specially keeping the
Indian roads in mind. The Yokohama Earth 1 tyre comes with a wear and tear
control shoulder design. The tyres have vertical and horizontal grooves which
reduces uneven wear and tear. The central rib of the tyre, according to the
manufacturer, helps in maximising its performance.
Yokohama India
currently has around 600 sales touch points including 22 Yokohama Club Networks
(YCN) across the country. YCN is a specialised network based on the company’s
global philosophy of providing a world-class tyre buying experience to its
dealers. The company plans to spread its wings in the country by doubling the
number of YCN’s by the end of the year 2014.
Yokohama
currently competes only in the tubeless radial tyre market segment, holding a
two per cent market share in the country. With the new manufacturing unit which
will cater to the increasing demand of tubeless tyres, the company plans to
target five per cent market share.
Saturday, February 8, 2014
Haryana approves Reliance Industries' quitting SEZ;
Haryana approves Reliance Industries' quitting SEZ;
to give Rs. 343 crore for land
Chandigarh:
Reliance Industries' proposal to opt out of Gurgaon special economic zone (SEZ)
has been approved by the Haryana government, which hyas said it will reimburse Rs. 343 crore to the company.
The amount offered by the state government for taking back the land is lower than Rs. 1,172 crore demanded by Reliance.
Chief Minister Bhupinder Singh Hooda told reporters in Chandigarh on Friday that RIL's proposal was approved by the state Cabinet at its meeting here.
Mukesh Ambani-led RIL had sought the reversal of 1,383.68 acres - from Reliance Haryana SEZ Ltd (RHSL) to the Haryana State Industrial & Infrastructure Development Corporation (HSIIDC) - saying that the project had become unviable.
An official release said the SEZ Project at Gurgaon had "been rendered economically unviable due to the mid-term corrections in the SEZ Policy viz. imposition of the Minimum Alternate Tax (MAT), withdrawal of the Tax holiday, slowdown in the global economy, prohibitively high prices of land and other problems associated with aggregation of land through private negotiations".
Sensing the difficulties posed in this behalf, the Chief Minister had requested Reliance to return the HSIIDC land, it said.
"As such, RHSL offered to return the HSIIDC land and abandon the SEZ project in Gurgaon vide their letter of January 2012," the release said.
"RHSL had requested for refund of the amount paid by them to the HSIIDC and re-imbursement of expenditure incurred on the site, apart from interest on the said amount aggregating to Rs. 1,172 crore," it added.
The proposal was considered at the level of the Haryana Investment Promotion Board, headed by the Chief Minister, after examining all the legal aspects of the Joint Venture Agreement, it said, adding that HIPB recommended acceptance of the return offer strictly in accordance with the provisions of the JV agreement.
"Accordingly, the Haryana Cabinet today approved the return of the land to HSIIDC, in lieu of payment of an amount of Rs. 343.51 crore to RHSL as against Rs. 399.85 crore paid by RHSL at the time of transfer of land and the demand of Rs. 1,172 crore by RHSL," the order noted.
"The claims on account of Administrative charges forming price of the subject, refund of the Stamp Duty, re-imbursement of development expenditure and interest amount have not been accepted. The refund amount has been worked out strictly as per the terms of the Joint Venture Agreement date 19th June 2006 signed between the HSIIDC and RVL."
HSIIDC and Reliance Ventures Ltd, wholly-owned subsidiary of RIL, had entered into a JV Agreement on June 19, 2006 for setting up of the SEZ over an area of 25,000 acres in Gurgaon and Jhajjar districts.
HSIIDC had transferred about 1,383.68 acres at Village Garhi Harsaru to the special purpose vehicle floated by HSIIDC and RVL for implementing the project - Reliance Haryana SEZ Ltd, for about Rs. 399.85 crore.
The project configuration was subsequently changed to SEZ in Gurgaon district over 12,500 acres and a Model Economic Township over 12,500 acres in Jhajjar district. Reliance was able to purchase, and aggregate, about 7,100 acres in Jhajjar, and another about 1200 acres in Gurgaon, but it was not contiguous.
RHSL also paid Annuity to the landowners whose land was acquired/procured in Gurgaon & Jhajjar amounting to Rs. 50.71 crore up to March 31, 2013. It included Rs. 17.61 crore on HSIIDC land in Gurgaon and balance amount of about Rs. 33.10 crore in Jhajjar where they had procured land through direct negotiations.
Soon after the Haryana government received the land return offer from RHSL, it has been engaged in discussions with the Union Ministry of Commerce & Industry for the best utilisation of the subject land, the release said.
"It has been agreed with the Ministry of Commerce & Industry to use the subject land for establishment of a state of the art Global City Project as a send investment node under the Delhi Mumbai Industrial Corridor (DMIC) Project," it further said.
"The Global City is envisaged to be developed as a high value added manufacturing infused area which, apart from adding to the economic development, would also help in generating skilled employment in Haryana."
Mr Hooda said the land acquired for the Reliance project would not be returned to the original owners of the land. The new project is envisaged to be an integrated model township in Gurgaon, comprising of the exhibition and convention centre, high value innovation and knowledge industries, central business district and township facilities.
The Global City Project is proposed to be developed jointly by the HSIIDC and the DMIC Trust/DMICDC through a special purpose vehicle (SPV) with equity participation by DMIC Trust and HSIIDC in equal proportions.
The amount offered by the state government for taking back the land is lower than Rs. 1,172 crore demanded by Reliance.
Chief Minister Bhupinder Singh Hooda told reporters in Chandigarh on Friday that RIL's proposal was approved by the state Cabinet at its meeting here.
Mukesh Ambani-led RIL had sought the reversal of 1,383.68 acres - from Reliance Haryana SEZ Ltd (RHSL) to the Haryana State Industrial & Infrastructure Development Corporation (HSIIDC) - saying that the project had become unviable.
An official release said the SEZ Project at Gurgaon had "been rendered economically unviable due to the mid-term corrections in the SEZ Policy viz. imposition of the Minimum Alternate Tax (MAT), withdrawal of the Tax holiday, slowdown in the global economy, prohibitively high prices of land and other problems associated with aggregation of land through private negotiations".
Sensing the difficulties posed in this behalf, the Chief Minister had requested Reliance to return the HSIIDC land, it said.
"As such, RHSL offered to return the HSIIDC land and abandon the SEZ project in Gurgaon vide their letter of January 2012," the release said.
"RHSL had requested for refund of the amount paid by them to the HSIIDC and re-imbursement of expenditure incurred on the site, apart from interest on the said amount aggregating to Rs. 1,172 crore," it added.
The proposal was considered at the level of the Haryana Investment Promotion Board, headed by the Chief Minister, after examining all the legal aspects of the Joint Venture Agreement, it said, adding that HIPB recommended acceptance of the return offer strictly in accordance with the provisions of the JV agreement.
"Accordingly, the Haryana Cabinet today approved the return of the land to HSIIDC, in lieu of payment of an amount of Rs. 343.51 crore to RHSL as against Rs. 399.85 crore paid by RHSL at the time of transfer of land and the demand of Rs. 1,172 crore by RHSL," the order noted.
"The claims on account of Administrative charges forming price of the subject, refund of the Stamp Duty, re-imbursement of development expenditure and interest amount have not been accepted. The refund amount has been worked out strictly as per the terms of the Joint Venture Agreement date 19th June 2006 signed between the HSIIDC and RVL."
HSIIDC and Reliance Ventures Ltd, wholly-owned subsidiary of RIL, had entered into a JV Agreement on June 19, 2006 for setting up of the SEZ over an area of 25,000 acres in Gurgaon and Jhajjar districts.
HSIIDC had transferred about 1,383.68 acres at Village Garhi Harsaru to the special purpose vehicle floated by HSIIDC and RVL for implementing the project - Reliance Haryana SEZ Ltd, for about Rs. 399.85 crore.
The project configuration was subsequently changed to SEZ in Gurgaon district over 12,500 acres and a Model Economic Township over 12,500 acres in Jhajjar district. Reliance was able to purchase, and aggregate, about 7,100 acres in Jhajjar, and another about 1200 acres in Gurgaon, but it was not contiguous.
RHSL also paid Annuity to the landowners whose land was acquired/procured in Gurgaon & Jhajjar amounting to Rs. 50.71 crore up to March 31, 2013. It included Rs. 17.61 crore on HSIIDC land in Gurgaon and balance amount of about Rs. 33.10 crore in Jhajjar where they had procured land through direct negotiations.
Soon after the Haryana government received the land return offer from RHSL, it has been engaged in discussions with the Union Ministry of Commerce & Industry for the best utilisation of the subject land, the release said.
"It has been agreed with the Ministry of Commerce & Industry to use the subject land for establishment of a state of the art Global City Project as a send investment node under the Delhi Mumbai Industrial Corridor (DMIC) Project," it further said.
"The Global City is envisaged to be developed as a high value added manufacturing infused area which, apart from adding to the economic development, would also help in generating skilled employment in Haryana."
Mr Hooda said the land acquired for the Reliance project would not be returned to the original owners of the land. The new project is envisaged to be an integrated model township in Gurgaon, comprising of the exhibition and convention centre, high value innovation and knowledge industries, central business district and township facilities.
The Global City Project is proposed to be developed jointly by the HSIIDC and the DMIC Trust/DMICDC through a special purpose vehicle (SPV) with equity participation by DMIC Trust and HSIIDC in equal proportions.
Friday, January 10, 2014
Manmohan Singh Laying the Foundation for Global Centre for Nuclear Energy Partnership (Jan 03, 2014) at Jasaur Kheri Bahadurgarh Project to four lanning road from Bahadurgarh — Badli – Chandu – Gurgaon 39 Kms & Govt Girls College were also inaugurated by PM.
(Prime Minister Manmohan Singh with Deepender Singh
Hooda, Rohtak MP, at the foundation-laying ceremony of the Global Centre for
Nuclear Energy Partnership)
Manmohan Singh Laying the Foundation for Global Centre for Nuclear Energy Partnership (Jan 03,
2014) at Jasaur Kheri Bahadurgarh
Project to four lanning road from Bahadurgarh — Badli –
Chandu – Gurgaon 39 Kms & Govt Girls College were also inaugurated by PM.
Dr. Singh was
addressing a public gathering at Jasaur
Kheri village Bahadurgarh here after laying the foundation stones for the
Global Centre for Nuclear Energy Partnership and the National Cancer Institute.
The Prime
Minister said the Global Centre for Nuclear Energy Partnership would play an
important role in ensuring more safety measures for nuclear power plants. When
the centre is fully functional, it will work towards designing a safe and
sustainable nuclear system.
The Prime
Minister said locals would directly benefit from this project and get an annual
royalty for 33 years, apart from compensation for their land. Many projects,
worth Rs.10 crore, would be carried out for the benefit of the locals, including a girls’ college, a school for
children with special needs, development of the Bhindwas Bird Sanctuary and
healthcare facilities.
Saturday, June 29, 2013
Govt allows RIL to surrender SEZ in Haryana
Govt allows RIL to surrender SEZ in Haryana
NEW DELHI: The government has allowed
MukeshAmbani owned Reliance Industries to surrender its special
economic zone in Haryana.
The decision to denotify Reliance
Haryana SEZ Ltd, a unit of RIL, was taken by Board of Approval, headed by Commerce
Secretary S R Rao, in its meeting on June 12.
"After deliberations, the board
decided to approve the proposal...for de-notification of the sector specific
SEZ for multi services.
"The approval is subject to...a
certificate that the developer has either not availed or has refunded all the
tax/duty benefits availed under SEZ Act/Rules in respect of the area to be
de-notified, there are either no units in the SEZ or the same have been
debonded, the state government has no objection to the de-notification proposal
etc," the minutes of the SEZ BoA meeting said.
The BoA is a 19-member
inter-ministerial body that deals with SEZs and the issues related to them.
In the meeting, the board has also
directed that the information regarding that case "must invariably be sent
to CBDT and CBEC for taking necessary action".
However, no reason was given by the
developer for de-notification of the zone.
Reliance Haryana SEZ Ltd, a sector
specific SEZ for multi services at villages Mohammadpur Jharsa, Gharauli Khurd,
Khandsa and Harasru, District Gurgaon, Haryana was notified over an area of
440.71 hectares.
It was notified on November 14, 2007.
Separately, the BoA deferred the
proposal of another SEZ promoted by Mukesh Ambani at Raigad in Maharashtra.
Mumbai SEZ Ltd has requested for grant
of extension of in-principle approval for setting up of a multi-product SEZ
Raigad, Maharashtra.
"The Board after deliberations
deferred the proposal and decided to obtain the views of the State Government
on the issue before considering the extension," the minutes said.
The SEZ was given in-principle approval
on August 8, 2006. As per SEZ Rules, the validity of the approval was up to
August, 7, 2007. The developer has already been granted six extensions, the
validity of which was going to expire on August, 7, 2013.
The developer was seeking further
extension of validity for one more year.
Monday, May 13, 2013
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