Upcoming Projects in India

5395 The Karnataka Government Proposes To Develop A New Port Under The Public Private Partnership (PPP) Model At A Cost Of Rs 600 Crore At Honnavar. The State Government Plans To Build A Protection Wall Along The Coastline In The State At A Cost Of Rs 950 Crore Under Asian Development Bank Assistance To Provide Permanent Protection Against Recurring Sea Erosion Every Year. The Wall Is Being Built At Places Like Ullal In Dakshina Kannada District, For Which Tenders Have Been Floated. The Government Has Planned To Take Up Many New Schemes Under Inland Water Transportation Department And Purchase.

5394 Centre Approves 881 Road Projects In Odisha Amounting To Rs 1,493cr And Covering 2,982 Kms Under Pradhan Mantri Gram Sadak Yojana (PMGSY). The State Will Have To Establish A Minimum Of 20 More Project Implementation Units (Pius) For Expediting The Sanctioned Road Projects . The Formalities For Sanctioning Rs 1,493 Crore For The Purpose Will Be Completed In The Next 30 Days.

5393 NTPC Has Signed Memorandum Of Understanding With Indian Institute Of Science (Iisc), Bangalore, For Collaborative Research And Mutual Cooperation Between NTPC Energy Technology Research Alliance(NETRA), The R&D Wing Of NTPC And Iisc.. The Research Cooperation Agreement Between NTPC & Iisc Aims To Bring Synergy To Their Efforts, Expertise And Knowledge To Offer Effective Technological Solutions To Power Industry. CFD Modeling Of Power Plant Processes, Robotics, Sensors, Combustion, Gasification, Environment, Water Chemistry, Bulk Ash Utilization, Waste Heat Recovery, Renewable, Flow Batteries Etc Are Jointly Identified Areas That Will Be Taken Up For Further Technology Development.

5392 Sofitel, A French Luxury Hotel Chain Managed By Accor Group, Is Eyeing 10 Properties In India, Mainly In Prime Luxury Destinations, In A Couple Of Years. Presently, The Company Has One Property In India Which Has Completed A Year, Two More Hotels Coming Up Under Sofitel Luxury Hotel And Sofitel So Brands. Both The Hotels Are Coming Up In Mumbai And Are Expected To Be Operational By 2017. The Company, Which Has Aspirations For Further Development In India, Is Looking At Cities Like Delhi, Bangalore, Chennai And Goa For Its 3 Brands--Sofitel Luxury Hotel, Sofitel Legend And Sofitel So.

5391 Kotak Mahindra Bank Will Double Its Branch Network In Three Years. The Bank Would Add Another 100 Branches Before The End Of The Current Financial Year. RBIs Parameters Require That Banks Open One Out Of Four Branches In The Unbanked Centres.

5390 US-Based Hospitality Major Marriott International Wants To Have 100 Hotels In India Over The Next Five Years. Marriott International Offers Nearly 20 Brands Globally With Eight In Asia Pacific. The Addition Of The Fairfield Brand To This Area Enhances The Companys Ability To Meet The Increasing Demands For International Moderate Tier Brands. The Hotel Is Aimed At Providing Accommodation For The Business And Leisure Travellers, Alike. Marriott International, Inc. Is An American Diversified Hospitality Company That Manages And Franchises A Broad Portfolio Of Hotels And Related Lodging Facilities.

5389 Government Of India Signed Agreements With Seven Countries, Who Pledged Their Commitment To The Ambitious Nalanda University Project Being Built Near The Ruins Of The Ancient Academic Institution. Government Has Signed This Agreement With Australia, Cambodia, Singapore, Brunei, New Zealand, Lao PDR And Myanmar. China Has Already Committed USD One Million For The Project, Singapore Has Pledged USD 5-6 Million, Australia About USD One Million Australia Dollar And All These Funds Have Been Committed On Voluntary Basis.

5388 Apollo Hospitals Enterprise And Global Medical Technology Major Medtronic Inc Signs A Partnership Agreement To Develop A Cost-Effective And Efficient Dialysis System In India. The Collaboration Will Leverage On A Technology Platform Developed By Medtronic, Supported With Clinical Insight From Apollo, Envisioning A Reduction In Cost By 10-20 Per Cent For Patients. Medtronic Intends To Develop And Manufacture Key Components Of This Hemodialysis System In India Which Will Be Ready For Commercial Launch In 2016.

5387 Bharat Petroleum Corporation (BPCL) Planning To Invest Rs 1500-2000 Crore In Bina Refinery Madhya Pradesh, To Expand Its Refining Capacity From The Current 6 Million Tonnes Per Annum (Mtpa) To 8-8.5 Mtpa. Besides, The Company Is Planning To Launch An Initial Public Offering (IPO) For Its Bina Refinery Or Bharat Oman Refinery (BORL) In FY15. Bharat Petroleum Corporation Limited Is An Indian State-Controlled Oil And Gas Company.

5386 State Infrastructure And Industrial Development Corporation Of Uttarakhand Limited (SIDCUL), Is Planning To Invest Rs 400 Crore In Sitarganj Industrial Estate To Develop The State-Of-The-Art Industrial Infrastructure Facilities There. The Sitarganj Industrial Estate In Kumaon Region Has Been Officially Christened As SIDCUL-Phase-II Which Will Be Spread Over An Area Of 1,700 Acres. The State Industrial Development Corporation Of Uttarakhand Limited Is A Government Of Uttarakhand Enterprise Which Promotes Industries And Develops Industrial Infrastructure In The State.

5385 Government Of Maharashtra Will Soon Build Three More Flyovers On The Thane-Ghodbunder Road. These Flyovers Expected To Be Constructed At Anand Nagar, Kasarvadavali And Ovala Junctions. Besides, The Civic Body Would Construct Four Of The Footover Bridges-One Each At Tatvagyan Vidyapeeth, R-Mall, Brahmand Junction And Kasarvadavali. The State Government Is Also Planning To Setting Up Of An Islamic Cultural Centre At Mumbra.

5384 Godrej Properties Limited Has Entered Into A Development Agreement With Ador Group, To Develop A 6.7 Acre Land Parcel Situated On LBS Marg In Bhandup (W). The Project Is Located On LBS Marg And Is Just Off The Mulund Exit From The Eastern Express Highway Which Provides It With Excellent Connectivity To South Mumbai. The Project, Which Has A Potential Saleable Area Of Approximately 72,000 Sq. Meters (7.76 Lakh Sq. Ft), Will Be Developed As A Premium Residential Group Housing Project. Godrej Properties Is Indias Premier Real Estate Company Dealing In Residential And Commercial Properties.

5383 The Petroleum And Natural Gas Regulatory Board (PNGRB) Has Invited Bids For Setting Up Retail Facilities Of Compressed Natural Gas (CNG) For Transport Sector And Piped Natural Gas (PNG) For Households Across 14 Cities In Andhra Pradesh, Karnataka, Kerala, Maharashtra And Punjab. Bidders Have Been Asked To Quote The Tariff They Will Charge For The Pipeline Network To Be Laid In The City And The Compression Charge For Dispensing CNG Over 25 Years. The Cities Offered For Bidding Include Those That PNGRB Had Offered In The Fourth CGD Round In September 2010.

5382 High Fuel Costs Continue To Bite Into The Defence Budget. After Austerity Measures In Fuel Use, The Indian Air Force (IAF) Has Resorted To Hard Bargaining And Launched Competitive Bidding For Jet Fuel. IAF Has Floated A Tender For Aviation Turbine Fuel ( ATF) At Some Locations. The Fuel Requirement Of The Air Force Is Expected To Rise Further As It Is Considering Adding More Aircraft And Helicopters In Near Future.

5381 The Government Plans To Invite Global Bids For A Dozen Interstate Transmission Projects Worth Over Rs 20,000 Crore In The Next Two Months To Connect Power Generation Projects In Multi States, Which Includes Chhattisgarh, Haryana, Rajasthan And Tamil Nadu.

5380 The Odisha Government Has Decided To Set Up A Joint Venture Between The State-Owned Industrial Infrastructure Development Corporation (IDCO) And Mahanadi Coalfield Limited (MCL) To Develop A Common Railway Corridor For Evacuation Of Coal From Rampia Coal Block. MCL Has Been Nominated As The Lead Member To Formulate Common Alignment Plan Of The Corridor In Consultation With Other Partners.

5379 Air Costa From Andhra Pradesh, Plans To Invest $100 Million (Aboutrs 618 Crore) Over The Next Two Years And About $500 Million (Rs 3,092 Crore) Over 15 Years. The Airline Has Taken Delivery Of Two E-170 Jets And Will Add Two More E-190 Jets In November. Air Costa Plans To Have 10 E-190 Jets By End Of 2014, And Take The Total Fleet Size To 25 By 2018 In Phases.

5378 Vikram Solar Has Commissioned A 5-MW Solar Photovoltaic Power Plant At Virudhunagar In Tamil Nadu. The Power Plant Was Constructed Within A Timeframe Of 75 Day, Plant Commissioned For Its Client JVS Exports Under The Renewable Energy Certificate Mechanism On Turnkey Basis. The Project Is Expected To Generate About Eight Million Units Of Electricity Per Year, JVS Exports Already Owns And Operates Several Windmills, And Virudhunagar Solar Plant Is The Companys Commitment Towards Sustainable Environment. Vikram Solar Is An Internationally Acclaimed Enterprise Which Specializes In Manufacturing Of PV Solar Modules. It Is Part Of The Vikram Group Of Companies.

5377 The Union Cabinet Approved The Development Of A National Highway Between Between Gadu And Dwarka In Gujarat At An Estimated Cost Of Rs.1,756.36 Crore. Out Of The Proposed 209.89 Km Of The Highway, 119.7 Km Will Be Four-Laned And 90.19 Km Will Be Two-Laned With Paved Shoulders. This Road Stretch Links A Number Of Sea Ports On The Western Coast Of India Apart From Coastal Places Like Dwarka, Porbandar And Somnath.

5376 Golden Tulip Hotels Plans To Open Three New Hotels In Uttar Pradesh (UP) In The Next Three Years. The Company Currently Runs 14 Hotels In India, Including One In Lucknow. The Company Is Scouting For Suitable Land And Properties In These Cities To Expand New Hotels.

5375 Essar Projects (India) Ltd Plans To Enter Into Water, Sewerage And Solid Waste Business, Its First Project In Gujarat, Worth Rs 70 Crore. The Company Will Be Constructing The Sewage Treatment Plant For The Jamnagar Municipal Corporation. It Will Additionally Invest Rs 80 Crore In Creating A Pipeline Infrastructure For Sale Of Water To Industries Around Jamnagar City. The Project Involves Construction Of A Sewage Treatment Plant Of 70 Million Litres Per Day (MLD) Capacity And Its Allied Infrastructure Along With Operation Of The Plant For 15 Years. Essar Projects Limited (EPL) Is A Class-Leading Engineering, Procurement And Construction (EPC) Contractor.

5374 Tata Power Is Planning To Set Up A Coal-Fired Power Station In Myanmar. The Proposed Power Plant Will Be Located In Ngayok Kaung, Ayeyarwaddy Region, And Would Have Captive Coal Berthing Arrangements. The Company Is Building Hydroelectric Projects In Bhutan, Georgia And Zambia. The Firm Is Also Developing Two Wind Power Projects In South Africa. Tata Power Is Indias Largest Integrated Power Company With A Significant International Presence.

5373 Jindal Steel And Power (JSPL) Have Signed A Memorandum Of Understanding (Mou) With The Government Of Jharkhand For Setting Up A 2,640-Mw Coal-Based Power Plant. The Company Is Planning To Expand Its Footprint In The Hydro Power Sector, The Company Has Already Signed Agreements To Build 6,100-Mw Capacity In Arunachal Pradesh. Jindal Steel And Power Limited Is An Indian Steel And Energy Company, It’s A Part Of Jindal Group.

5372 Cerebra Integrated Technologies Ltd Has Signed An Memorandum Of Understanding (Mou) With UK-Based E-Waste Systems Inc. (EWSI), For Setting Up Of Its Bangalore E-Waste Facility. Cerebra Is In The Process Of Setting Up This Recycling Facility In Narsapura, Bangalore Which Is Growing To Be One Of The Largest And Fastest Growing Industrial Zones. The Company Has Acquired 12 Acres Of Land For This Purpose And Will Start The Implementation Of This Project Soon. Cerebra Integrated Technologies Ltd Is A Global Services Provider Delivering Business Solutions.

5371 Bonatrans, A Czech Wheel And Axle Manufacturing Company, Which Would Set Up A Wheel Factory - At An Estimated Cost Of Rs 200 Crore - In Aurangabad, Maharashtra. Bonatrans Develops, Manufactures And Supplies Railway Wheelsets And Their Parts, It’s A Largest European Wheelset Manufacturer.

5370 Jammu & Kashmir Bank Is Planning To Open Branches In London And Dubai To Reach Out To The Kashmiri Diaspora And To Channelize Investments Into The State. The Bank Expected The International Expansion To Take Place In A Time Frame Of Two Years.

5369 To Help Meet The Workforce Needs Of Local Communities And Propel India As The Third Largest Economy In The World, The US Has Plans To Establish 100 Community College Models In The Country. Maryland Has Already Signed A Mou With Five Educational Institutions In India, Which Includes: O P Jindal Institute, University Of Delhi And A University In Agra.

5368 Union Health And Family Welfare Minister Ghulam Nabi Azad Has Announced, Over 55,000 Central Health Centres Are Being Set Up Across The Country At A Cost Of Rs 1.10 Lakh Crore. The Ayurvedic Department Is Setting Up 100 Diabetes, Cancer And Cardiology Check-Up Centres In The Country And Out Of This, Four Will Come Up At Bathinda, Mansa, Gurdaspur And Hoshiarpur Districts In Punjab. A Cancer Hospital Will Be Set Up At Hoshiarpur Costing Rs 45 Crore.

5367 Maschio Gaspardo India Pvt. Ltd. (MGIPL) Plans To Invest Rs 300 Crore In Their Ranjangaon Plant (Near Pune). The Facility Is Spread Over 25,000 Sq. Mts. And The Investment Is Planned For Expansion Of Production Capabilities For Rotary Tillers, Power Harrows, Precision Planters, Cereal Seed Drills, Combination Cultivator-Drills, Mulchers, Sprayers And Minimum Tillage Equipment In India. Company Also Plans To Serve The Needs Of The MG Groups Other Global Customers, By Providing Local Supply To Their Asia Pacific Facilities. Maschio Gaspardo Is An International Group, Specialising In The Production Of Agricultural Machinery For Tillage, Seeding, Haying, Landscaping And Crop Care.

5366 Gelato Vinto Is Looking To Expand Its Operations In The Country In The Next Four Years As Part Of Its Plans To Have 200 Outlets Across India By 2017.The Company Plan To Open Warehouses In Bhopal, Aurangabad And Pune In This Fiscal Itself. Later It Will Plan To Open Warehouses At Gujarat And Uttar Pradesh. The Company Is Also Looking To Set Up A Manufacturing Facility In South India. Gelato Vinto Is One Of The Famous Ice-Cream Maker Company.

5365 Indo Gulf Is Setting Up A Mega Food Park At Jagdishpur, In Amethi District Of Uttar Pradesh. The Facility Spread Over 72 Acres Would Have World Class Infrastructure For Food Processing, Coupled With Backward And Forward Linkages For The Entire Food Processing Value Chain. Indo Gulf Fertilisers Is An Indian Company Which Unit Of Aditya Birla Nuvo Ltd., Is Part Of The Aditya Birla Group Of Companies.

5364 Red Fort Capital Will Be Investing Rs 1,000 Crore In Lotus Greens, It’s A Diversified Group With Interests In Real Estate, Hospitality, Healthcare And Education. The Company Will Be Shortly Launching A New Township Project In Gurgaon Followed By Group Housing On The Yamuna Expressway.­­ Red Fort Capital Is A Leading Private Equity Real Estate Firm Focused On India.

5363 Government Of Andhra Pradesh Is Planning To Get Investments To Tune Of Rs 3,000 Crore From The Government Of India And Textile Industry. This Includes Investment Of Rs 500 Crore From National Textile Corporation, A Public Sector Arm Under The Ministry Of Textiles. Government Is Planning To Set Up About Five Textile Parks With Investments Of Rs 100 Crore. Government Has Identified Guntur And Tanuku As Locations For Two Parks. NTC Has Agreed To Set Up A Rs 500-Crore Spindle Unit In The State. For This The Corporation Is Looking For About 25 Acres To Set Up The Unit In The State.

5362 VGN Developers Has Called For Bids From Healthcare Operators To Set Up And Run A 100-Bed Hospital In A Township Project It Is Developing In Avadi, A Chennai Suburb. The Developer Will Construct The Hospital Building In Partnership With The Healthcare Provider On A Build-Lease-Transfer Model. The Developer Has Advertised For Institutions And Interested Parties To Establish And Operation The Multi-Specialty Hospital At Their Own Cost In The 150-Acre Township Planned In Avadi

5361 Havells India Limited, Is Investing In A New Home Appliance Facility At Neemrana, Rajasthan. The Company Already Has India’s First Large Scale Lighting Fixture Plant At Neemrana And Is Now Expanding Into New Products. Havells India Ltd Is A Electrical Equipment Company.

5360 JSW Steel Will Set Up A Second Steel Processing Unit In Pune With Its Joint Venture Partner Marubeni Itochu Steel, With An Investment Of Rs 204 Crore, To Expand Presence In The Flat Steel Market. The First Phase Of The Project, Which Will Come On Stream By Financial Year 2015, Will Have An Installation Capacity Of 1,80,000 Tonnes Per Annum. The Capacity Will Eventually Be Scaled Up To 3,60,000 Tonnes Per Annum In The Second Phase. The 50:50 Joint Venture Company Will Process Flat Steel Products Such As Hot Rolled, Cold Rolled And Coated Products To Cater To Automotive, White Goods.

5359 Godawari Power And Ispat Ltd Plans To Set Up A 1 Million Tonnes Steel Plant, With An Investment About Rs 4,500 Crore. The Company, Part Of Raipur-Based Hira Group, Has Acquired About 500 Acres Of Land In Rajnandgaon District Of Chhattisgarh And Is Doing Feasibility Studies For Setting Up The Project. The Company Plans To Expand Its Pellet Making Capacity To 2.4 MTPA During The Current Fiscal. Godawari Power & Ispat Ltd. (GPIL) Is A Flagship Company Of Raipur-Based Hira Group Of Industries, Which Is An Integrated Steel Manufacturer And Is Having Dominant Presence In The Long Product Segment Of The Steel Industry, Mainly Into Mild Steel Wire.

5358 Rashtriya Ispat Nigam Ltd Is Planning To Invest Rs 60,000 Crore On Tripling Capacity To 20 Million Tonne By 2027. The Company Is In The Process Of Stabilising New Units Under The Current Phase Of Expansion. The Company Is Setting Up A Factory To Make 1 Lakh Forged Wheels Per Annum In Raebareli, Uttar Pradesh And A 50,000 Axles Manufacturing Factory In New Jalpaiguri, West Bengal. Together, The Projects Would Cost About Rs 1,500 Crore. The Company Plans To Set Up An Iron Ore Beneficiation And A Pellet Plant Of 5 MTPA Each In Rajasthan As The Mines Contain Low Grade Magnetite. The Company Is Also Looking At Securing An Iron Ore Mine In Uttar Pradesh. Rashtriya Ispat Nigam Ltd (RINL), Also Known As Vizag Steel(Pride Of Steel), Is An Indian Government-Owned Steel Producer.

5357 NHPC Has Decided To Take Over Private Hydropower Projects And Is Ready To Invest Equity Worth Rs 20,000 Crore In The Next Five Years. Several Private Companies, Especially With Projects In The North And Northeastern Parts Of The Country, Have Approached The Company To Form A Joint Venture Involving The State Government As Well. The Company Has Projects Totalling 12,240 Mw In The Pipeline, Out Of Which Around 8,000 Mw Worth Of Projects Are Awaiting Clearances From The Central Government.

5356 National Textile Corporation (NTC) Has Entered Into The Readymade Garments Business. Starting With The Menswear Range, NTC Plans To Launch 300 Retail Stores Through Franchise Network By End Of March 2015. The Corporation Expects To Spend About Rs125 Crore Towards The Retail Stores And Some Rs 20 Crore On Advertisements During The Next Two Years. The Corporation Plans To Set Up Its First Retain Branded Garments Store In Hyderabad And Then Expand To Cities Like Bangalore, Chennai And New Delhi, And Then Spread To About 90 Tier-I And Tier-II Cities Over The Next Couple Of Years. NTC Would Invest About Rs 500 Crore To Set Up Its Spinning And Weaving Composite Unit In Andhra Pradesh And The Company Is Currently Scouting For Suitable Land Of About 25 Acres Near Guntur And Eluru. National Textile Corporation Is A Company Owned By The Indian Government.

5355 Godrej Consumer Products Is Expanding Its Manufacturing Footprints In Africa And Is Gearing Up To Set Up Factories In Tanzania And Uganda. The Company Has Manufacturing Facilities In Four Countries In Africa - South Africa, Mozambique, Kenya And Nigeria.

5354 Luxury Brand Lacoste Plans To Double The Number Of Retail Outlets In India Over The Next Four Years. The Maldives Outlet Of Lacoste Was Also Being Administered From India. Lacoste Is A French Clothing Company, It Sells High-End Clothing, Footwear, Perfume, Leather Goods, Watches, Eyewear, And Most Famously Polo Shirts.

5353 Global Furniture Fittings Manufacturer And Brand Hettich Will Invest Rs 500 Crore In India Over The Next Five Years. Hettich India, A Joint Venture Between Hettich Group And Adventz Of The Saroj Poddar Group, Has Already Spent 100 Crore In Setting Up A Plant In Vadodara. The German Company Plans To Invest In Research And Development Activities And Training The Indian Workforce. The Company Has 18 Manufacturing Plants Across Seven Countries In Europe, Asia And America. Hettich Offers Fittings And Hardware To Cater To All Segments Of Furniture For Offices And Homes, Services Dealers, Furniture Manufacturers And Large Project Customers.

5352 Indias Leading Tyre Maker MRF Will Invest About Rs 1,000 Crore To Double Its Capacity At A Facility Located Near Hyderabad. MRF Has Eight Manufacturing Facilities Spread Across The Country. MRF Approached The Andhra Pradesh Industries Ministry To Double Capacities. MRF Limited Is An India-Based Company Engaged In Manufacturing, Distribution And Sale Of Tyres For Various Kinds Of Vehicles.

5351 Kerala Gramin Bank Is Planning To Install 180 Atms In The State In This Financial Year. The Bank, Which Has Over 500 Branches, Now Has 19 Atms. Kerala Gramin Bank Is A Regional Rural Bank Formed In Kerala Amalgamating The Existing Two Gramin Banks, Namely North Malabar Gramin Bank And South Malabar Gramin Bank In 2013.

5350 Andhra Pradesh Board For Wildlife Has Decided To Recommend Allocation Of Forest Land For Setting Up Of Paper And Pulp Unit By ITC Limited. The Unit Will Be Set Up At Palvancha Division In Khammam District Of Andhra Pradesh. The Company Is Expected To Invest Around Rs 3000 Crore On The New Plant Close To Its Existing Plant. ITC Limited Or ITC Is An Indian Conglomerate, Its Diversified Business Includes Five Segments: Fast Moving Consumer Goods, Hotels, Paperboards, Paper & Packaging And Agri Business.

5349 Coal India Is Planning To Develop 126 New Mines With 438 Million Tonnes (Mt) Capacity. The Company Has Received An Approval To Spend Rs 2300 Crore For Developing 4 Mines Of 12.5 Mt Output. Coal India Is The World’s Largest Coal Mining Company. It Also Produces Non-Coking Coal And Coking Coal Of Various Grades For Diverse Applications.

5348 The Cabinet Committee Considers Seven Stalled Mega Infrastructure Projects, Envisaging Investment Of Around Rs 1.6 Lakh Crore. The Proposed Projects Have An Average Size Of About Rs 25,000 Crore. Indian Oil Corporation Paradip Refinery Project Entails Investment Of Rs 29,777 Crore. CCI Has Been Set Up To Fast-Track Key Projects. So Far, It Has Cleared 209 Projects With An Aggregate Investment Of Rs 3,84,203 Crore. Last Month, CCI Has Approved 36 Infrastructure Projects Worth Rs 1.83 Lakh Crore. The Projects Which Will Get Coal Include Adani Group's Maharashtra Plant, GMR's 1,400 MW Kamalanga Unit In Dhenkanal District Of Odisha, Lanco's Badandh Power Plant In Odisha And Talwani Power Of Punjab. Another Nine Projects Reviewed By The CCI Involved An Investment Of Over Rs 85,000 Crore.

5347 Bosch Limited Would Be Relocating Its Manufacturing Plant At Bangalore’s Adugodi Locality To Bidadi, 35 Km From The City In Two Phases Till 2016-17 With An Investment Of Rs 600 Crore. The Company Has Acquired 97 Acres Land In Bidadi From The Karnataka Government For The Construction Of The New Manufacturing Facility. Construction In Phase II Would Take Place From 2015 To 2016.

5346 ICICI Venture, Is Gearing Up To Invest About Rs 150 Crore In Adlabs Imagica, A Theme Park Near Khopoli On The Mumbai-Pune Expressway. Adlabs Imagica Is A Rs 1,600-Crore Theme Park Spread Over 300 Acres. It Offers Entertainment, Dining, Shopping And Accommodation. Adlabs Imagica Is Promoted By Manmohan Shetty, A Film Industry Veteran Who Earlier Sold Off His Business Adlabs Films To Anil Ambani's Reliance-Anil Dhirubhai Ambani Group. The Company Will Add A Water Park And A Hotel Soon, Which Will Take The Total Investment In The Project To Rs 1,650 Crore, It Is Also Looking At Setting Up A Second Theme Park, Spread Over About 60 Acres In Hyderabad.