Hyderabad: In another example of industry-academia interface, the public sector Bharat Dynamics Ltd (BDL) will support the setting up of a Centre of Excellence in the Birla Institute of Technology and Science, Pilani (BITS, Pilani), Hyderabad Campus.
It is part of a 5-year memorandum of understanding (MoU), signed between the two here. While the Hyderabad-based BDL is the manufacturer of missiles and guided weapon systems, under the Union Ministry of Defence, BITS, Pilani is amongst the top higher education Institutes in the country.
As per the MoU, BDL and BITS will engage in collaborative research in areas such as digital image processing, embedded systems, VLSI design, information security and management, seeker technologies, etc.
Prof. Bijendra Nath Jain, Vice-Chancellor of BITS, Pilani and Dr N.K. Raju, Executive Director (P&A) of BDL, signed the MoU.
While BDL will provide necessary support to create the Centre of Excellence, BITS-Pilani will provide the necessary space and basic amenities required for creation and functioning of the centre, according to a press release.
BITS-Pilani would continue to design and operate educational programmes to meet the learning and development needs of BDL through its work integrated learning programme (WILP). BDL could sponsor its employees for enrolment in ME/MS/PhD programmes. Also BDL will continue to support the Practice School programme of BITS-Pilani.
Success in my Habit
Monday, March 5, 2012
Mukesh Ambani's Reliance brands will bring in Thomas Pink
Mumbai: Mukesh Ambani-controlled Reliance Brands will bring British shirt brand Thomas Pink, owned by French major Louis Vuitton Moet Hennessy (LVMH), to India as it looks to rapidly increase its presence in the fast-growing domestic premium-to-luxury fashion retail market.
Reliance Brands, a wholly-owned arm of Reliance Industries, and Thomas Pink Ltd have signed an exclusive long-term franchise agreement to set up stores which sell shirts and accessories of the British brand named after its founder Pink, an 18th century London tailor. The company will make a formal announcement on Friday.
"I can't think of a country most suited than India due to its British heritage and a society known for its affinity for shirts. We will leverage on the strength of LVMH, especially in the areas of marketing and real estate and also combine the strength of a partner like Reliance," said Jonathan Heilbron, president and CEO Thomas Pink.
The Mumbai-based premium-to-luxury fashion brands company will open its first Thomas Pink store this year in South Mumbai's upmarket location where shoppers scour for international brands in glitzy malls.
The brand will be sold at 5000-6000, pitting itself against the likes of Hugo Boss, Paul Smith in the 'affordable luxury market'. "The Thomas Pink is an interesting brand in laddering the aspirational Indian consumer towards luxury," says Darsha Mehta, president & CEO, Reliance Retail.
The Ambanis have signed two partnerships in less than a week, signalling their intention to scale up in the premium-to-luxury retail space after a low-profile beginning in 2007.
Ever since the opening of the first store in Mumbai's upscale Juhu area in April 2010, Reliance Brands has been on an expansion spree, opening a total of 60 stores, 20 each in the north, west and southern states.
In the process, the company has partnered with ten brands including big boys like Diesel, Hamleys, Ermenegildo Zegna, Kenneth Cole and Timberland. Less than a week ago, Reliance Brands struck a JV with Iconix Brand Group, grabbing the ownership rights of 20 international lifestyle brands.
Reliance Brands, a wholly-owned arm of Reliance Industries, and Thomas Pink Ltd have signed an exclusive long-term franchise agreement to set up stores which sell shirts and accessories of the British brand named after its founder Pink, an 18th century London tailor. The company will make a formal announcement on Friday.
"I can't think of a country most suited than India due to its British heritage and a society known for its affinity for shirts. We will leverage on the strength of LVMH, especially in the areas of marketing and real estate and also combine the strength of a partner like Reliance," said Jonathan Heilbron, president and CEO Thomas Pink.
The Mumbai-based premium-to-luxury fashion brands company will open its first Thomas Pink store this year in South Mumbai's upmarket location where shoppers scour for international brands in glitzy malls.
The brand will be sold at 5000-6000, pitting itself against the likes of Hugo Boss, Paul Smith in the 'affordable luxury market'. "The Thomas Pink is an interesting brand in laddering the aspirational Indian consumer towards luxury," says Darsha Mehta, president & CEO, Reliance Retail.
The Ambanis have signed two partnerships in less than a week, signalling their intention to scale up in the premium-to-luxury retail space after a low-profile beginning in 2007.
Ever since the opening of the first store in Mumbai's upscale Juhu area in April 2010, Reliance Brands has been on an expansion spree, opening a total of 60 stores, 20 each in the north, west and southern states.
In the process, the company has partnered with ten brands including big boys like Diesel, Hamleys, Ermenegildo Zegna, Kenneth Cole and Timberland. Less than a week ago, Reliance Brands struck a JV with Iconix Brand Group, grabbing the ownership rights of 20 international lifestyle brands.
Intel launches Future Scientist programme; to cover 50,000 girls
Hyderabad: India developed Intel Future Scientist programme, that aims to sustain the innovative streak in students, has been launched by the global chip maker.
The programme empowers teachers to transform science and math education in their classrooms. It is aimed at enabling the next generation of innovators to have a sound grounding in science, technology, engineering and math (STEM).
The focus of the initiative is to help science teachers present their curricula from an inquiry-based perspective to help foster a spirit of research and innovation among their students.
The programme was initially launched at the Asia Science Educator Academy in December 2011. Intel will work with leading NGOs, social organisations and State Governments to execute the roll out of the programme and reach close to 50,000 girls and help them develop scientific skills and expertise.
The programme will give the next generation of innovators a solid STEM education through curricula, competitions and online educational resources.
A press release from Intel quoted Dr. Krishnaswamy Kasturirangan, Member of the Planning Commission of Government of India as saying, “At every level, science education remains crucial for India's continued growth as a knowledge economy. I hope the Intel Future Scientist programme will support schools across the country to strengthen inquiry based learning, spark curiosity and encourage innovation in the classrooms.”
Seven Modules
The programme consists of seven modules that are delivered over two days of training comprising inquiry-based learning, facilitating scientific inquiry from the classroom to the science fair.
Technology is amongst the greatest tools to advance education and we need innovative programmes that have challenging curricula to prepare our students for the careers of the future. Promoting and nurturing that spirit of inquiry among students is the primary goal of Intel Future Scientist programme,” said Dr. Praveen Vishakantaiah, President of Intel India.
The programme empowers teachers to transform science and math education in their classrooms. It is aimed at enabling the next generation of innovators to have a sound grounding in science, technology, engineering and math (STEM).
The focus of the initiative is to help science teachers present their curricula from an inquiry-based perspective to help foster a spirit of research and innovation among their students.
The programme was initially launched at the Asia Science Educator Academy in December 2011. Intel will work with leading NGOs, social organisations and State Governments to execute the roll out of the programme and reach close to 50,000 girls and help them develop scientific skills and expertise.
The programme will give the next generation of innovators a solid STEM education through curricula, competitions and online educational resources.
A press release from Intel quoted Dr. Krishnaswamy Kasturirangan, Member of the Planning Commission of Government of India as saying, “At every level, science education remains crucial for India's continued growth as a knowledge economy. I hope the Intel Future Scientist programme will support schools across the country to strengthen inquiry based learning, spark curiosity and encourage innovation in the classrooms.”
Seven Modules
The programme consists of seven modules that are delivered over two days of training comprising inquiry-based learning, facilitating scientific inquiry from the classroom to the science fair.
Technology is amongst the greatest tools to advance education and we need innovative programmes that have challenging curricula to prepare our students for the careers of the future. Promoting and nurturing that spirit of inquiry among students is the primary goal of Intel Future Scientist programme,” said Dr. Praveen Vishakantaiah, President of Intel India.
UK biopharma, health science firms explore tie-ups with Indian cos
Bangalore: Bio-pharmaceutical and health science sector representatives from the UK are to explore and expand partnerships with Indian companies.
Mr Ian Felton, British Deputy High Commissioner, Bangalore, said: “The UK-India Innovation and Leadership Meeting will be held at IIM, Bangalore, on March 5 and 6 to encourage IP-protected research and innovation in health science, explore entrepreneurial opportunities.”
“The visiting UK delegation is here to sign up a memorandum of understanding (MoU) with Indian counterparts to formalise their existing and fruitful science relationship,” he added.
UK representatives include Kings College London, Research Councils UK (RCUK), UK-India Business Council (UKIBC), Wellcome Trust, BioCity Nottingham and the University of Nottingham.
British companies attending include Critical Pharmaceuticals, UK, with a pipeline of novel biological products, Proxima Concepts, UK, offering oral delivery of peptides and proteins and technology for drug discovery, PGXis UK that is a genomics technology firm and Inception Associates UK that helps Indian firms in the sector, set up in the UK.
The 2012 Bio-Business Plan Competition is also being hosted by C-CAMP Bangalore and IIT Kanpur; finalists, who have attended a three-day Bio-Entrepreneurship and Business Development Training Programme delivered by BioCity Nottingham, will showcase their business concepts next week. The winner will receive a package of benefits worth around Rs 15 lakh to help them start a new company.
The meeting will showcase joint Indo-UK research, host winners of a bio-business plan competition and celebrate bio-entrepreneurial success stories in India.
“The meet will also discuss barriers and facilitators to innovation in the pharma industry and trends and developments in managing supply chains globally. I encourage Indian public and private research and development (R&D) institutions and entrepreneurs to come to the meeting and explore the potential to create new collaborations or expand existing links with the UK in this cutting-edge sector of bio-pharmaceuticals,” Mr Felton said.
Mr Ian Felton, British Deputy High Commissioner, Bangalore, said: “The UK-India Innovation and Leadership Meeting will be held at IIM, Bangalore, on March 5 and 6 to encourage IP-protected research and innovation in health science, explore entrepreneurial opportunities.”
“The visiting UK delegation is here to sign up a memorandum of understanding (MoU) with Indian counterparts to formalise their existing and fruitful science relationship,” he added.
UK representatives include Kings College London, Research Councils UK (RCUK), UK-India Business Council (UKIBC), Wellcome Trust, BioCity Nottingham and the University of Nottingham.
British companies attending include Critical Pharmaceuticals, UK, with a pipeline of novel biological products, Proxima Concepts, UK, offering oral delivery of peptides and proteins and technology for drug discovery, PGXis UK that is a genomics technology firm and Inception Associates UK that helps Indian firms in the sector, set up in the UK.
The 2012 Bio-Business Plan Competition is also being hosted by C-CAMP Bangalore and IIT Kanpur; finalists, who have attended a three-day Bio-Entrepreneurship and Business Development Training Programme delivered by BioCity Nottingham, will showcase their business concepts next week. The winner will receive a package of benefits worth around Rs 15 lakh to help them start a new company.
The meeting will showcase joint Indo-UK research, host winners of a bio-business plan competition and celebrate bio-entrepreneurial success stories in India.
“The meet will also discuss barriers and facilitators to innovation in the pharma industry and trends and developments in managing supply chains globally. I encourage Indian public and private research and development (R&D) institutions and entrepreneurs to come to the meeting and explore the potential to create new collaborations or expand existing links with the UK in this cutting-edge sector of bio-pharmaceuticals,” Mr Felton said.
Cabinet committee approves for deepening of Mumbai Port channel
Mumbai: The cabinet committee on infrastructure on Thursday approved the much-awaited work involving the deepening and widening of the channel leading to Mumbai Port Trust and Jawaharlal Nehru Port Trust (JNPT) at an estimated cost of 1571.60 crore.
The proposed project will increase the depth of the channel to 14 m from the current 10 m to allow vessels of more than 6,000 teu to travel to the port, and the first phase is expected to be completed in the next two years.
"The ports will be able to attract international container vessels and reduce the turnaround of larger vessels which will enable JN Port to be developed as a hub port on the west coast," the committee said in a statement.
The channel deepening project, to be jointly undertaken by JNPT and Mumbai Port Trust, will see JNPT infusing more than 1,400 crore for the project, while Mumbai Port will have to bring in 200 crore.
Earlier, the shipping ministry had decided that JNPT will bear more than 90% of the cost while Mumbai Port Trust will infuse 9.5%.
Two independent dredging companies and a consortium of two companies were allowed to bid in the final round of technical bidding.
Belgium-based Jan De Nul group, Netherlands-based Royal Boskalis Westminster and a consortium of Netherlands-based Van Oord and Dredging International, an Australian dredging company, were the three firms given security clearance recently and shortlisted for the project.
The proposed project will increase the depth of the channel to 14 m from the current 10 m to allow vessels of more than 6,000 teu to travel to the port, and the first phase is expected to be completed in the next two years.
"The ports will be able to attract international container vessels and reduce the turnaround of larger vessels which will enable JN Port to be developed as a hub port on the west coast," the committee said in a statement.
The channel deepening project, to be jointly undertaken by JNPT and Mumbai Port Trust, will see JNPT infusing more than 1,400 crore for the project, while Mumbai Port will have to bring in 200 crore.
Earlier, the shipping ministry had decided that JNPT will bear more than 90% of the cost while Mumbai Port Trust will infuse 9.5%.
Two independent dredging companies and a consortium of two companies were allowed to bid in the final round of technical bidding.
Belgium-based Jan De Nul group, Netherlands-based Royal Boskalis Westminster and a consortium of Netherlands-based Van Oord and Dredging International, an Australian dredging company, were the three firms given security clearance recently and shortlisted for the project.
Tuesday, February 28, 2012
NIIT to set up educational kiosks in Bhutan
Hyderabad: IT training and education company NIIT has launched a new initiative called 'Playground Kiosks’ in the hermit kingdom of Bhutan.
The idea in a way fructified after discussions with the present King of Bhutan Jigme Khesar Namgyal Wangchuck and senior government officials.
Accordingly, NIIT will be associated in driving the IT literacy programme. “We will set up 130 touchscreen, Playground kiosks in different parts of the neighbouring country in due course," said Mr Rajendra Pawar, Chairman of the company.
The kiosk (computer learning point) will have a satellite dish, a solar panel and will be run by NIIT. All that the Bhutanese student or citizen has to do is get into the kiosk, log on and he/she will get connected to the world, to surf, learn and entertain, he told Business Line in a chat recently in the coastal town of Tenali in Andhra Pradesh, where he received the prestigious Dr Y. Nayudamma memorial award for 2011.
The initiative is part of the Bhutanese Government’s vision to create an IT-enabled society that supports its sustainable economy. It is aimed at getting youth onto using computers, training teachers, civil servants etc. The young King, who studied in India had seen some of the work of NIIT.
“We had discussions, when the Indian Prime Minister, Dr Manmohan Singh, had visited the country during the SAARC Summit also and the project was finalised. We are in the process of implementing," he said.
The project aims to reach out to at least one lakh students, train a few thousand IT professionals, schools and enterprises in a couple of years.
The idea in a way fructified after discussions with the present King of Bhutan Jigme Khesar Namgyal Wangchuck and senior government officials.
Accordingly, NIIT will be associated in driving the IT literacy programme. “We will set up 130 touchscreen, Playground kiosks in different parts of the neighbouring country in due course," said Mr Rajendra Pawar, Chairman of the company.
The kiosk (computer learning point) will have a satellite dish, a solar panel and will be run by NIIT. All that the Bhutanese student or citizen has to do is get into the kiosk, log on and he/she will get connected to the world, to surf, learn and entertain, he told Business Line in a chat recently in the coastal town of Tenali in Andhra Pradesh, where he received the prestigious Dr Y. Nayudamma memorial award for 2011.
The initiative is part of the Bhutanese Government’s vision to create an IT-enabled society that supports its sustainable economy. It is aimed at getting youth onto using computers, training teachers, civil servants etc. The young King, who studied in India had seen some of the work of NIIT.
“We had discussions, when the Indian Prime Minister, Dr Manmohan Singh, had visited the country during the SAARC Summit also and the project was finalised. We are in the process of implementing," he said.
The project aims to reach out to at least one lakh students, train a few thousand IT professionals, schools and enterprises in a couple of years.
Ospyn Tech sets up office in Singapore
Thiruvananthapuram: Technopark-based Ospyn Technologies has opened an office in Singapore with the aim of strengthening its position in the Southeast Asian market.
Ospyn specialises in building enterprise-scale applications employing open source tools and technologies. South East Asia is emerging as new economic growth engine and is witnessing high technology adoptions, according to Mr Kishore Kumar, Director, Ospyn.
The company plans to launch Hrapps (human resource applications) and CaseDesk (online complaint management system) solutions to tap available opportunities.
Ospyn plans to build a strong technology team in Singapore. Mr Kishore Kumar said that the company saw robust growth prospects there.
Mr Parasadu Varghese, Managing Director, said that the proximity to customers is an aspect that underscores the company’s commitment to superior service standards and shortened decision-making cycle. “Our presence in Singapore would help in assisting customers in Southeast Asia to stay technologically competitive,” he added.
Ospyn specialises in building enterprise-scale applications employing open source tools and technologies. South East Asia is emerging as new economic growth engine and is witnessing high technology adoptions, according to Mr Kishore Kumar, Director, Ospyn.
The company plans to launch Hrapps (human resource applications) and CaseDesk (online complaint management system) solutions to tap available opportunities.
Ospyn plans to build a strong technology team in Singapore. Mr Kishore Kumar said that the company saw robust growth prospects there.
Mr Parasadu Varghese, Managing Director, said that the proximity to customers is an aspect that underscores the company’s commitment to superior service standards and shortened decision-making cycle. “Our presence in Singapore would help in assisting customers in Southeast Asia to stay technologically competitive,” he added.
Adani Ports gets nod to build dry bulk terminal at Kandla
Ahmedabad: Diversified Rs 30,000 crore Adani Group's venture Adani Ports and Special Economic Zone (APSEZ) received letter of intent from the Kandla Port Trust of Government of India to set up a dry bulk terminal on build, operate and transfer basis.
APSEZ emerged as the highest bidder on revenue share basis and has been awarded the concession in a competitive bidding scenario. The dry bulk terminal will come up at Tekra near Tuna outside Kandla Creek at the Kandla Port, which is India's largest port by volumes. The construction of the new bulk terminal will begin after signing of the concession agreement with the Kandla Port Trust in next couple of weeks.
APSEZ will invest Rs 1,200 crore to commission four berths. The depth at Tekra is estimated to be 16.5 meter and it is aiming to accommodate ships carrying upto one lakh tonne of DWT. Meanwhile, APSEZ is waiting for the response from the African government to commission a port facility. It has already identified potential locations and submitted a proposal to the government of Africa.
"We are extremely pleased to partner with the Government of India and the Kandla Port Trust and would like to thank them for their faith and confidence in the Adani Group's execution and operating capabilities for setting up world class ports. The Kandla Port's strategic location will be an important factor in attracting cargo from the north-west hinterland and will assist Adani Ports to cross cargo handling volumes of 200 million tonnes by 2020," APSEZ wholetime director Rajeeva Sinha said. He added that the company is working on brownfield and greenfield projects for capacity addition at various locations.
APSEZ CFO B Ravi stated that the project will become operational in phases and all four berths are expected to be commissioned in next couple of years.
Adani Ports is claiming to be the only private port infrastructure company to operate and construct ports and terminals across six locations in India - Mundra, Dahej and Hazira in Gujarat, Mormugao in Goa and Visakhapatnam. Its port at Mundra in on West Coast is the fourth largest commercial and largest private port in India.
Last week, Adani Group announced to focus on resources, logistics and energy. All of these clusters are confident of emulating the group's leadership philosophy of utilising cutting-edge innovation and technology for growth and expansion, read the media statement issued by APSEZ.
APSEZ emerged as the highest bidder on revenue share basis and has been awarded the concession in a competitive bidding scenario. The dry bulk terminal will come up at Tekra near Tuna outside Kandla Creek at the Kandla Port, which is India's largest port by volumes. The construction of the new bulk terminal will begin after signing of the concession agreement with the Kandla Port Trust in next couple of weeks.
APSEZ will invest Rs 1,200 crore to commission four berths. The depth at Tekra is estimated to be 16.5 meter and it is aiming to accommodate ships carrying upto one lakh tonne of DWT. Meanwhile, APSEZ is waiting for the response from the African government to commission a port facility. It has already identified potential locations and submitted a proposal to the government of Africa.
"We are extremely pleased to partner with the Government of India and the Kandla Port Trust and would like to thank them for their faith and confidence in the Adani Group's execution and operating capabilities for setting up world class ports. The Kandla Port's strategic location will be an important factor in attracting cargo from the north-west hinterland and will assist Adani Ports to cross cargo handling volumes of 200 million tonnes by 2020," APSEZ wholetime director Rajeeva Sinha said. He added that the company is working on brownfield and greenfield projects for capacity addition at various locations.
APSEZ CFO B Ravi stated that the project will become operational in phases and all four berths are expected to be commissioned in next couple of years.
Adani Ports is claiming to be the only private port infrastructure company to operate and construct ports and terminals across six locations in India - Mundra, Dahej and Hazira in Gujarat, Mormugao in Goa and Visakhapatnam. Its port at Mundra in on West Coast is the fourth largest commercial and largest private port in India.
Last week, Adani Group announced to focus on resources, logistics and energy. All of these clusters are confident of emulating the group's leadership philosophy of utilising cutting-edge innovation and technology for growth and expansion, read the media statement issued by APSEZ.
India tops US in using smartphone to go online
New Delhi: India still has a long way to go increasing its smartphone penetration but those who are already connected seem to be using it heavily.
A recent mobile survey conducted by IPSOS and Google reveals that Indian smartphone users are accessing the Internet more than their counterparts in the US.
According to the survey, 56 per cent of smartphone users in the country access the Internet multiple times a day, nearly 40 per cent surf the Net at least once a day and only 6 per cent never use their phone for connecting to the Web. In comparison, 11 per cent of smartphone users in the US never use their device to access the Net and 53 per cent use it to surf multiple times a day.
Emails, Social Networking
Indians also score higher when it comes to accessing emails and social networking sites on their smart phones. According to survey, about 76 per cent of smartphone users in India access social networking sites on their devices compared to 54 per cent in the US.
“The survey reiterates our belief in ‘mobile first'. Culturally, even beyond the well-educated, mainstream Indians are technology curious and device savvy. We believe that the Internet-like telephony did, is making the leap from wired Internet to mobile, and hundreds of millions of Indians will go online on their mobile devices,” said Mr Lalitesh Katragadda, Country Head, India Product, Google India, told Business Line.
“At Google, we are building a powerful, simple, personable mobile ecosystem that helps every user be connected as they want and when they want to,” he added.
The survey reveals the usage of smartphone between the age group of 18- 29 is the highest in the country. While 36 per cent of all smartphone owners in India are in this age group, only 17 per cent are in the 30 to 49 age group.
Music tops the chart
In terms of usage, 77 per cent of smartphone owners listen to music, while 33 per cent use it for playing games and 32 per cent read newspapers or magazine.
According to Canalys, Indian smartphone market stood at 3 million units in the third quarter of 2011 up from 1.7 million units in the same period in 2010. The Google survey points out that 66 per cent of existing smart phone users believe they would access the Internet more through their handhelds in the future.
A recent mobile survey conducted by IPSOS and Google reveals that Indian smartphone users are accessing the Internet more than their counterparts in the US.
According to the survey, 56 per cent of smartphone users in the country access the Internet multiple times a day, nearly 40 per cent surf the Net at least once a day and only 6 per cent never use their phone for connecting to the Web. In comparison, 11 per cent of smartphone users in the US never use their device to access the Net and 53 per cent use it to surf multiple times a day.
Emails, Social Networking
Indians also score higher when it comes to accessing emails and social networking sites on their smart phones. According to survey, about 76 per cent of smartphone users in India access social networking sites on their devices compared to 54 per cent in the US.
“The survey reiterates our belief in ‘mobile first'. Culturally, even beyond the well-educated, mainstream Indians are technology curious and device savvy. We believe that the Internet-like telephony did, is making the leap from wired Internet to mobile, and hundreds of millions of Indians will go online on their mobile devices,” said Mr Lalitesh Katragadda, Country Head, India Product, Google India, told Business Line.
“At Google, we are building a powerful, simple, personable mobile ecosystem that helps every user be connected as they want and when they want to,” he added.
The survey reveals the usage of smartphone between the age group of 18- 29 is the highest in the country. While 36 per cent of all smartphone owners in India are in this age group, only 17 per cent are in the 30 to 49 age group.
Music tops the chart
In terms of usage, 77 per cent of smartphone owners listen to music, while 33 per cent use it for playing games and 32 per cent read newspapers or magazine.
According to Canalys, Indian smartphone market stood at 3 million units in the third quarter of 2011 up from 1.7 million units in the same period in 2010. The Google survey points out that 66 per cent of existing smart phone users believe they would access the Internet more through their handhelds in the future.
Indian Railways to develop three rail corridors in Chattisgarh
New Delhi: Indian Railways has signed a Memorandum of Understanding (MOU) with the government of Chattisgarh for the development of three rail corridors for both freight and passenger purpose in the state.
The rail corridors would be developed in northern region of Chhatisgarh state, approximately 452 kilometres in total length.
These corridors are on the 180 kilometres on Eastern Corridor which will connect mines, a 150 km long corridor in the northern region and a 122 km long East-West Corridor.
These corridors will be implemented through specific Special Purpose Vehicles (SPVs) or any other appropriate model of Public Private Partnership (PPP), which will be granted appropriate concession for this purpose by Ministry of Railways.
The Ministry of Railways on its own or through its Public Sector Undertaking and Government of Chhatisgarh state on its own or through its designated agencies will participate in the SPVs as equity partners. Under this MOU, Government of Chhatisgarh state will provide land owned by the State Government and the cost of such land will be part of Government of Chhatisgarh state's equity in the SPVs.
The alignment of these corridors will be such as to connect towns and villages in the region also. East corridor will connect Gharghoda and Dharamajaygarh, North Corridor will connect Katghora, Parsa and Surjpur and East-West Corridor will connect Katghora, Pasan and Sindurgarh.
Government of Chhatisgarh state will complete the process of environmental/forest clearances for the projects within a period of two years from the date of application for such clearances. The SPVs will be required to complete the construction of the Corridors within a period of five years from the formation.
The rail corridors would be developed in northern region of Chhatisgarh state, approximately 452 kilometres in total length.
These corridors are on the 180 kilometres on Eastern Corridor which will connect mines, a 150 km long corridor in the northern region and a 122 km long East-West Corridor.
These corridors will be implemented through specific Special Purpose Vehicles (SPVs) or any other appropriate model of Public Private Partnership (PPP), which will be granted appropriate concession for this purpose by Ministry of Railways.
The Ministry of Railways on its own or through its Public Sector Undertaking and Government of Chhatisgarh state on its own or through its designated agencies will participate in the SPVs as equity partners. Under this MOU, Government of Chhatisgarh state will provide land owned by the State Government and the cost of such land will be part of Government of Chhatisgarh state's equity in the SPVs.
The alignment of these corridors will be such as to connect towns and villages in the region also. East corridor will connect Gharghoda and Dharamajaygarh, North Corridor will connect Katghora, Parsa and Surjpur and East-West Corridor will connect Katghora, Pasan and Sindurgarh.
Government of Chhatisgarh state will complete the process of environmental/forest clearances for the projects within a period of two years from the date of application for such clearances. The SPVs will be required to complete the construction of the Corridors within a period of five years from the formation.
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