Upcoming Projects in India

5445 JK Tyre Will Invest Rs 1,430 Crore To Ramp Up Capacity At Its Chennai Manufacturing Facility Which Makes Radial Tyres For Trucks, Buses And Cars. The Company Is Also Spending Rs 140 Crore At Its Mexican Subsidiary Tornel To Increase Capacity. Jk Tyre Is The Pioneer Of Radials In Indiaadn A Leading 4 Wheeler Manufacturer.

5444 Mahindra Intertrade A New Joint Venture With China Steel Global Trading Corporation, Taiwan And Mitsui & Co. (Asia Pacific) Pte. Ltd., Singapore To Set Up An Automotive Steel Service Centre In India At Chakan Near Pune. The Facility Is Be Set Up At A Cost Of Rs 150 Crore ($24 Million) Over 10 Acres Of Land And Will Have An Annual Processing Capacity Of 130,000 Tonnes. The New Service Center Would Begin Operations In The Fourth Quarter Of F-2015. The Raw Stock For The Facility Would Be Imported From China Steel Global, Taiwan As Well As Sourced Locally. Mahindra Intertrade (MIL) Provides Solutions For Processing Of Flat Steels Intertrade Is A Wholly Owned Subsidiary Of Mahindra & Mahindra Limited And Operates India’s Largest Network Of Steel Service Centres Across Automotive, Power And Home Appliance Verticals.

5443 Government Of Punjab Has Approved Setting Up Of A Veterinary Science College And Hospital In Bathinda District Of The State. The Institute, Which Will Also House A Livestock Farm Complex, Will Come Up On A Sprawling 25 Hectares Of Land In Rampura Phul Area Of The District. The College And Hospital Will Be Built Over 5 Acres Of Land Besides Other Facilities. The College Will Be Affiliated With Guru Angad Dev Veterinary And Animal Sciences University (GADVASU), Which Will Undertake The Project.

5442 Indias Largest Integrated Casino Resort In Daman, Spread Over 10 Acres With 60,000 Square Feet Gaming Space, Is Likely To Become Operational From Early Next Year. Delta Corps Hotel In Daman, Which Is Indias Largest Integrated Casino Resort, Is Expected To Become Operational In Early 2014, It’s Waiting For The Final Formalities To Be Completed After Which It Can Be Unveiled. Delta Corp Is A Fast-Growing Indian Company Operating Primarily In Two Business Segments - Gaming And Hospitality.

5441 Global Hotel Operator Accor Plans To Open 47 Hotels In India By 2015 As Part Of Diversifying Its Business Ventures Across The Country. Accor S.A. Is A French Hotel Group, Part Of The CAC 40 Index Which Operates In 92 Countries, With More Than 3,500 Hotels And 4,50,000 Rooms, Accor Has Over A Dozen Brands, Ranging From Luxury To Budget, In Its Portfolio.

5440 Indias First Private International Airport To Be Built In Aranmula In Keralas Pathanamthitta District Has Been Given All Final Clearances. The Proposed Rs.2,000 Crore KGS Aranmula International Airport Complex Will Be Constructed Over 700 Acres, Of Which KGS Has Already Acquired 500 Acres. The Site Is Located About 110 Km From The State Capital, And Around 30 Km From The Sabarimala Temple.

5439 Metal Scrap Trade Corporation Limited (MSTC) Has Proposed To Set Up An Integrated Ship Recycling Yard Under The Public Private Partnership Route At Alang In Gujarat. Alang Yard Has 167 Plots Developed On 10 Km Long Coast. It Has A Breaking Capacity Of 4 Million Tonne Per Annum. Alang Houses One Of Asia’s Largest Ship Breaking Yards.

5438 Amway India Will Set Up A Rs 500-Crore Greenfield Manufacturing Facility In Tamil Nadu. For New Facility Land Has Already Been Acquired And Project Report Has Been Formulated And Submitted To Government Of Tamil Nadu. The Construction Of The Company Has Already Been Awarded To A Big Construction Group. The Company Will Manufacture 1.2 Billion Tablets And Soft Drinks Regarding Its Nutrilite Supplements, Besides Toothpastes And Other Products. Amway India Is Countrys Leading Direct Selling FMCG Company.

5437 Indias Largest Online Retailer, Flipkart Is Inviting Software Coders To Build New Applications On Its Technology Platform. Flipkart Has So Far Been Just A Consumer Of Open Source Technology, Where The Source Code Of A Software Is Made Available Freely To Build New Applications. Flipkart Is An Indian E-Commerce Company. It Is Considered As The E-Commerce Company That Made Online Shopping Popular In India.

5436 L&T Infrastructure Development Projects Will Build 4-Lane The 161.73 Km Stretch On The Sambalpur-Rourkela Road In Odisha For About Rs 1,293 Crore. The Road Project Issued By The Odisha Works Department, Will Be Built Under The Public-Private-Partnership Model. L&T IDPL Had Bid For A Grant Of Rs 465.30 Crore For Four-Laning The Sambalpur-Rourkela Section Of The State Highway.

5435 A German Lock Manufacturer, ABUS Will Invest Over Rs 300 Crore In Setting Up A Manufacturing Facility In India. Besides, The Company Will Also Invest In Establishing Training Centres In About 28 Cities And In Imparting Skills To Employees. The Company Started Its India Operations In 2011 And Has Presence In Bihar, Jharkhand, Orissa, West Bengal And Assam. ABUS Is A German Manufacturer For Home And Object Security And Mobile Security.

5434 Neyveli Lignite Corporation Limited (NLC) Will Invest Rs 29,239 Crore In Coal And Power Sectors By 2017. NLC Has Planned Expansion Of A Number Of Its Ongoing Projects Which Include Mines At Neyveli And Barsingsar (Rajashtan) And Power Plant At Tuticorin (Tamilnadu). NLC Has Also Planned To Set Up Wind Farm With The Investment Of Rs 364.75 Crore And Solar Power Project With The Cost Of Rs 13,319 Crore. Neyveli Lignite Corporation Limited Is A Government-Owned Lignite Mining And Power Generating Company In India.

5433 Global Pharmaceutical Major Glaxosmithkline Will Invest Rs 864 Crore In India To Set Up A Medicine Manufacturing Unit. The Location Of The New Facility Is Yet To Be Finalised, But The Lead Site Is In Bangalore. The Facility, Expected To Be Operational By 2017, Will Include A Warehouse, Site Infrastructure And Utilities To Support The Manufacturing And Packing Of Medicines. Glaxosmithkline Plc (GSK) Is A British Multinational Pharmaceutical, Biologics, Vaccines And Consumer Healthcare Company.

5432 Biocon Is Setting Up An Institute In Bangalore To Train Graduates In Skills Required For Finding Employment In The Fast-Growing Biotechnology Industry. The Institute Will Offer A 16-Week Certificate-Programme In Partnership With California-Based Keck Graduate Institute. The Programme-With A Course Fee Of Rs 6 Lakh-Will Cover Areas Including Molecular Biotechnology, Pharmaceutical Development, Bio-Pharmaceutical Quality Assurance And Introduction To US FDA And European Laws. Biocon Limited Is An Indian Biopharmaceutical Company. The Company Manufactures Generic Active Pharmaceutical Ingredients.

5431 The Rural Development Ministry Has Approved A Network Of Roads And Bridges To Improve Connectivity In Arunachal Pradesh. The Centres Rural Roads Programme, Has Cleared Construction Of 57 Roads And 58 Long-Span Bridges Covering 842 Km. Of These, 21 Roads And 46 Bridges Are In Areas Along The India-China Border. The Projects Will Cost Rs 819 Crore And Connect 170 Habitations In The State. The Rural Development Ministry Has Also Approved Construction Of The Entire Stretch Of The 157 Km Miao-Vijoynagar Road That Leads To The India-Myanmar Border.

5430 The Central Sanctioning And Monitoring Committee ( CSMC) Of The Union Ministry Of Urban Development Approved The Allocation Of Funds For The Two Projects. In The First Project, Installment For Kanpur Sewerage Works Has Approved. The Total Approved Cost Of The Project Is Estimated To Be Around Rs 207.36 Crores While Additional Central Assistance (ACA) Of Around Rs 100 Crores Is Admissible. The Project Is To Be Completed By March 2014. In The Second Project For Sewerage Works, The Government Had Approved The Proposal To Release An Amount Of Rs 1,26.25 Crores As Fourth Installment For Sewerage Treatment Project Of City.

5429 Ultratech Cement Is Set To Construct A Rs 100 Cr Terminal At The Mumbai Port To Transport Cement From Its Plants In Gujarat Into Mumbai. Ultratech Will Get A Land Area Of 2.5 Hectares On Lease For 30 Years Against An Upfront Payment Of Rs 35 Crore And A Guaranteed Flow Of Traffic Through The Mumbai Port. The Facility Has A Capacity Of 1.25 Million Tones. Ultratech Cement Limited Is Indias Biggest Cement Company And India’s Largest Exporter Of Cement Clinker. The Company Is Division Of Grasim Industries.

5428 Apollo Pharmacy Plans To Add 250 Outlets Every Year. Apollo Pharmacy Vice President Atul Ahuja Said, "We Would Able To Grow 250 Outlets Every Year. We Have Grown Between 30 To 35 Per Cent Every Year,”. Apollo Pharmacy, A Part Of Healthcare Major Apollo Hospitals.

5427 The Promoter Of Dabur, The Burman Family Is Expanding Its Footprint Into Healthcare Space In The Country And Has Formed A Joint Venture With Founders Of UK-Based Healthcare At Home With Plans To Invest Around Rs 200 Crore. The JV Will Work With Corporate Hospitals And Doctors Offering Homecare Services In Oncology, Pulmonology, Post-Operative Care, Critical Care And Palliative Care. The JV Company Will Be Investing Over Rs 200 Crore In Establishing A Pan-India Presence Over The Next Two To Three Years. Beginning From Delhi-NCR, The Company Plans To Expand To Other Indian Cities And Hopes To Have A Pan-India Presence Within 2-3 Years

5426 Petronas Lubricants International Plans To Invest $50 Million In A Lubricant Oil Blending Plant. It’s A 60 Kilo Tonnes Per Annum (KTA) Capacity Plant Located In Patalganga Area Near Mumbai. In This Regards, The Company Has Signed A Joint Land Lease Agreement With Maharashtra Industrial Development Corporation (MIDC). The First Phase Of The Plant Is Expected To Be Completed By The End Of 2015. The Plant Has A Provision To Expand The Capacity To 120 Kta In The Second Phase.

5425 State Bank Of India Plans To Add 26,500 ATMs Over The Next Five Month. SBI Has Given CMS Info Systems, A Mumbai-Based IT Solutions Provider, The Contract To Install, Manage And Service 7,800 ATMs. Brown-Label ATMs Are Those For Which Public Sector Banks Jointly Call For Competitive Bidding To Derive Benefits Of Scale And Achieve Financial Inclusion. They Are Mainly Installed In Rural And Semi-Urban Areas.

5424 Global Private Equity Biggie Silver Lake Has Made Its First India Play By Investing In Bangalore-Based Eka Software Solutions. Eka Software Solutions Will Support Silver Lake To Explore New Opportunities And Develop Innovative Products And Solutions For Customers. The Investment In Eka Marks Silver Lake Kraftwerk’s First Investment In India. Eka Software Solutions, A Firm That Creates Software For Commodity Trading. Silver Lake Is A US-Based Private Equity Firm Focused On Leveraged Buyout And Growth Capital Investments In Technology, Technology-Enabled And Related Industries.

5423 The Government Of Haryana Plans To Set Up A 660-MW Thermal Unit Of Super Critical Technology At Yamunanagar. A Gas-Based Thermal Plant Of 1,500 MW Is Also Planned To Be Constructed In Faridabad And A 2,800 MW Nuclear Power Plant Is Being Set Up By The Centre In Fatehabad. Besides, A Plan Of Rs 2,000 Crore Is Being Executed To Strengthen Power Distribution System In The State.

5422 World Bank Has Agreed To Invest Rs. 8,533cr In Building And Upgrading Over 1,600 Km Of Roads In Tamil Nadu State. The Objective Of The Program Is To Upgrade Over 2,000 Km Of Six-Lane Roads To Eight Lanes And 5,000 Km Of Four-Lane Roads To Six.

5421 Joyalukkas Group Proposes To Open 54 Outlets In India By March 2014. Presently, The Group Has 40 Outlets And By The End Of This Fiscal, The Target Is To Open 14 More Outlets. The Company Has Plans To Open An Outlet In Malaysia By This Year. Besides, The Group Would Be Expanding Its Fleet Strength By Adding Two More Long Haul Aircraft, With A Capacity Of 8 And 9 Passengers, By Next Month. Joyalukkas Is An ISO Certified Indian Jewellery Group.

5420 Compressed Natural Gas (CNG) Supplies To Automobiles And Piped Cooking Gas For Households Will Commence In Jalandhar In The Next 18 Months. Jay Madhok Energy Had Outbid State-Owned GAIL Gas, Oil And Natural Gas Corp ( ONGC), Hindustan Petroleum ( HPCL), Indian Oil-Adani Combine And Bharat Petroleum ( BPCL) To Win City Gas Distribution Rights In Jalandhar. The Network Will Cover An Area Of 338 Square Kilometres In Jalandhar.

5419 British Shoemaker Clarks Expects To Double Its Sales With Launch Of Over 15 New Stores Across India By The End Of January 2014. The Company Plans To Open Five More Stores In Gujarat By The End Of 2013. Apart From Standalone A Store, The Products Of The Company Is Also Available In Shop-In-Shop Formats In Number Of Multi-Brand Retails Store. Clarks Is Present In India Since 2011 Through A Joint Venture With Kishore Biyani Promoted Futures Group.

5418 Vodafone Group Plc Will Invest More Than $2 Billion In India Following A Government Decision To Allow Foreign Companies To Fully Own Local Carriers. Vodafone Intends To Increase Its Stake In Its Indian Subsidiary Following The Removal Of A 74 Per Cent Cap On Investment By Foreign Firms In Telecoms. Vodafone India, Formerly Vodafone Essar And Hutchison Essar, Is The Third Largest Mobile Network Operator In India.

5417 The Gujarat Government Is Planning A Dedicated Industrial Zone For Japanese Companies Coming To The State. The Government Has Already Earmarked The Area For The Project Right Next To Maruti Suzuki India Limited Car Plant Near Hansalpur In Mandal Taluka Of Ahmedabad District. The Process Of Developing The Dedicated Zone To Facilitate Setting Up Of Medium And Large Size Units. The State Government Has Given 670 Acres At Around Rs 643 Per Square Metre To Maruti In Hansalpur. The Plant Is Expected To Be Commissioned By 2015-16.

5416 IT Training Firm NIIT Ltd. Plans To Expand Its Education Centres To 700 From The Present 600 By 2015. Besides NIIT Has Tied Up With ICICI Bank For Providing The Required Trained Staff And Indian Institutes Of Management For Developing Curriculum. NIIT Limited Is A Global Talent Development Company.

5415 BGR Energy Systems Ltd Has Signed A Contract For Engineering, Procurement And Construction (EPC) Of 4x125 MW Gas-Based Power Project At Nasiriya With The Ministry Of Electricity ( Moe), Iraq. The Contract Value Is $246 Million. Its Work Includes The Scope Of Engineering, Procurement And Construction Services Of BOP, Civil Works And Erection, Testing And Commissioning Of Gas Turbine-Generator Sets Supplied By General Electric, As Well As, Operation And Maintenance Of Power Project For Six Months. BGR Energy Systems Is A Leading EPC Contracting Company For Power Projects In India.

5414 Gamesa Wind Turbines Has Inked An Agreement With A Power And Utility Company, For Setting Up A 54 MW Wind Power Project In Andhra Pradesh. According To Agreement, Gamesa Would Supply 27 Units G97-2.0 MW Turbines At Taggubarthi, Andhra Pradesh. The Commissioning Is Scheduled To Be Completed By May 2014. Gamesa Would Be Amenable For Full Scope Of Site Development, Supply And Commissioning Of The Turbines And Operation And Maintenance. Gamesa Is A Global Technological Leader In The Wind Industry. Its Comprehensive Response Includes Also The Wind Turbines Operation And Maintenance Services.

5413 Welspun Energy Will Invest An Additional $1.6 Billion In New Projects Over Three Years. The 151 MW Plant In The Central Indian State Of Madhya Pradesh Is A Part Of Welspuns Push To Capture A Slice Of The Renewable Energy Market That The Government Hopes Will Nearly Double In The Five Years To 2017. Besides, The Company Will Commission The Worlds Second-Largest Solar Power Plant And Two Other Projects By December. Welspun Energy, A Part Of The Textiles-To-Steel Welspun Group, Aims To Have An Installed Capacity Of 1,700 MW Of Solar And Wind Power By 2017.

5412 Kali Aerated Water Works, A Tamil Nadu-Based Softdrinks Maker S Finally Looking To Establish Its Presence Outside Its Home State. The Company Is Best Known For Its Bovonto Grape-Flavoured Drink, Kali Has Managed To Stay On While Many Regional Brands Withered Away. Bovonto, Its Flagship Brand, Was Launched Six Decades Ago.

5411 Reliance Industries Will Invest USD 3.2 Billion In Bringing To Production The Satellite D34 Gas Discovery To Reverse The Decline In Output At The Bay Of Bengal KG-D6 Block. D34 Discovery, Which Holds 1.2-1.4 Trillion Cubic Feet Of Gas Reserves, Will Start Producing In Four Years With Peak Output Of 12 Million Standard Cubic Meters Per Day. RIL And Its Partner BP Plc Of UK Plan To Quickly Bring Satellite Fields In The KG-D6 Block To Production To Help Reverse The Decline In Output. The Company Will Drill 8 Development Wells On D34 And Lay A Pipeline To Take The Gas To The Existing Facilities Of D1-D3 Fields From Where It Will Be Transported Onshore. D-34 Is Part Of What Is Known As R-Cluster Of Discoveries.

5410 State Bank Of Travancore (SBT), An Associate Bank Of SBI, Plans To Expand Its Business Footprint In Other States Including, Andhra Pradesh, Tamil Nadu, Karnataka, Odisha And West Bengal. The Bank Would Aggressively Consider Lending Opportunities In The Agricultural Sector Besides Expanding Into SME, Consumer And NRI Remittances. Apart From This, The Bank Plans To Hike Its Presence Here From The Current 16 Branches To Around 30 By The End Of This Fiscal.

5409 Apollo Hospitals Enterprise Will Invest Rs 2,000 Crore To Add 2,800 Beds Across The Country In Three Years As Part Of Its Expansion Plans. The Hospital Company Plans To Set Up A Mix Of Reach Hospitals For Smaller Cities And Big Super Speciality Hospitals For Larger Cities. Apollo Hospitals Enterprise At Present Has More Than 1,350 Pharmacies And Over 100 Diagnostic Clinics.

5408 The Karnataka Government Has Given Permission To Just Dial Ltd To Establish An IT/ITES - BPO And Software Development Centre At IT/ ITES Park, Devanahalli Industrial Area In Bangalore. Justdial Is An Indian Company Providing Local Search Services Over The Phone, Web, Mobile And SMS.

5407 The Centre Estimates The Proposed Thermal Desalination Plants Off The Coast Of Tamil Nadu In Tuticorin Will Come Up In Two Years. Another Drinking Water Plant, Which Also Uses The Low Temperature Thermal Desalination Technology, Will Take Over Three Years To Come Up 40 Km Off Chennai To Produce 10 Million Liters A Day.

5406 Kyndal Group Has Recently Entered Into A Joint Venture With John Fergus & Co Ltd, Promoted By Ian Palmer, To Set-Up A New Malt Distillery And Bonded Warehouse In Glenrothes. The Project Will Focus On Exporting To Markets In India, Africa And The Far East. The Project Has Also Received A Grant Of £1.58 Million From The Scottish Government’s Food Processing Marketing And Co-Operation Scheme (FPMC),

5405 Telecom Company MTNL Plans To Invest About Rs 400 Crore To Increase 3G Mobile Internet Speed By Up To Six Times, And Enhance The Coverage Of 2G Network. Under The Project, MTNL Has Plans To Install About 1,500 Base Stations (Mobile Towers) For 2G Services, And About 2,000 Sites For 3G Coverage. Mahanagar Telephone Nigam Limited Is A State-Owned Telecommunications Service Provider In The Metro Cities.

5404 Government Of Gujarat Is Planning To Set Up An Alumina Plant And Aluminium Smelter Project Worth Rs 15,000 Crore, Near Mundra In Kutch District Of Gujarat. It Is Expected That This Project Soon Get Nod From The Gujarat Cabinet Soon And That The Foundation Stone Of This Project Would Be Laid In A Month. The Project Is For One Million Tonne Alumina And 0.5 Million Tonne Aluminium Smelter. GMDC Will Supply Bauxite For The Project From Its Group Of Mines In Kutch.

5403 Woodland Will Invest Up To Rs 500 Crore In The Next Three Years To Set Up Eight Super Stores That Will Retail Outdoor And Adventure Sports Equipment. The Footware Company Plans To Sell Premium Adventure And Outdoors Sports Products And Equipment For Specialised Outdoor Activities. The Company Is Expected To Open Its First Concept Super Store In The Delhi-NCR Region By Early Next Calender Year. Besides, The Company Will Make Additional Investment Of Rs 100 Crore To Open 45 Woodland Footwear And Apparel Stores This Year. Woodland Worldwide Or Woodland Is An Outdoor Wear Brand Owned And Founded By The Aero Group.

5402 Tata Communications Has Signed A Collaboration Agreement With Bahrain-Based Integrated Communications Company Batelco, Enabling It To Extend Its Connectivity Footprint In The Middle East Via Latters Well Established And Resilient Global MPLS Network. Tata Communications Collaboration Agreement, An MPLS Pop (Point Of Presence) Node Will Be Established At Batelcos State-Of-Art Data Centre Located In Manama. The Data Centre Is Dedicated To Providing Uninterrupted Services To Mission-Critical Data Processing Operations For Organisations Located In Bahrain.

5401 Hindware Home Retail Ltd Will Invest Up To Rs 300 Crore By Next Financial Year To Increase Its Footprints Across The Country. The Company Would Open 50 Stores In The Next Three Years Through Franchise Models. The Company Is Also Looking At Beginning Production At Its Parents Company Plant In Bahadurgarh In Haryana To Replace Local Sourcing With In-House Manufacturing. Besides, The Company Is Also Looking At Expanding Its Business Verticals And Enters Into Office Solutions Segment. Hindware Home Retail Ltd, A Subsidiary Of HSIL That Makes Sanitary Under Hindware Brand.

5400 The Kerala Government In Addition To Its Three Industrial Development Zones In Thiruvananthapuram, Kochi And Kozhikode, Is Planning To Set Up Manufacturing Investment Zones Covering Ernakulam, Trichur, Palakkad And Malappuram Districts. The Government Has Identified Manufacturing Hubs Like IT And Electronics Hardware, Medicine And Medical, Food Processing, Engineering, Petrochemical, And Green Energy And Waste Management Under The Proposed Manufacturing Investment Zones. For Electronics Hardware Manufacturing, The State Government Has Set Up An Electronics Manufacturing Cluster (EMC) In Kochi Under The EMC Scheme Of The Central Government. The Project Cost Was Estimated At `250 Crore. About 75 Acres Of Land Has Been Identified For The Project. Besides, Kerala Government Is Also Planning Two Elevated Mono Rail Projects In Trivandrum And Kozhikode With An Estimated Cost Of `5,100 Crore.

5399 State Bank Of India (SBI) Is Planning To Open 85 New Branches And 200 New ATM Counters In The State Of Andhra Pradesh Before The End Of The Current Financial Year. At Present There Are 1,359 Branches Of The Bank And 2,911 ATM Counters In Andhra Pradesh.

5398 Syndicate Bank Is Concentrating On Expanding Its Network Of Branches. The Bank Plans To Increase The Number Of Branches To 3,200 By March Compared With 3,047 Now. The Number Of Atms Would More Than Double By The Year End To 3,000 From 1,360 At Present. The Bank Plans To Rejig Administrative Zones By Bifurcating One Of Its Two Zones To Create A New Area In South Tamil Nadu. Syndicate Bank Will Target Small And Medium Enterprises And Mid-Corporate Segment With Specialised Branches Located In Select Industrial Clusters.

5397 The Uttar Pradesh State Industrial Development Corporation (UPSIDC), Is Planning To Complete Its Sandila Mega Leather Cluster Project In Hardoi District Of Uttar Pradesh State, By June 2015. The Cluster, Estimated To Cost Rs 400 Crore, Will Come Up Over 162 Acre. The Union Government Will Allot Rs 125 Crore Towards The Total Project Cost. Land For The Project Has Already Been Allotted To The SPV. The Project Will Involve Facilities For Treating The Effluents Generated In Parks, Rainwater Harvesting, Warehousing, Raw Material Banks, Exhibition Centre, Design Centre And Human Resource Development.

5396 ONGC Videsh And Private Sector Reliance Industries Ltd Have Signed Separate Mous With Venezuelas Pdvsa For Jointly Exploring And Developing Oil Blocks In That Country. ONGC Videshs Deal Is For Examining Prospects Of Developing Blocks In Oil-Rich Faja Area. Reliances Mou Is For Evaluating The Development Plan For Ayacucho 8 Block In The Orinoco Heavy Oil Belt. Petróleos De Venezuela, S.A. (PDVSA) Is The Venezuelan State-Owned Oil And Natural Gas Company. It Has Activities In Exploration, Production, Refining And Exporting Oil, As Well As Exploration And Production Of Natural Gas.