Ch­hat­tis­garh con­ducts mine-lease auc­tion

Project Monitor - - FRONT PAGE - Hhat­tis­garh has be­come the first state to suc­cess­fully con­duct mine lease auc­tion of a lime­stone block, as­sur­ing rev­enue of around 5,800 crore, in­clud­ing in roy­alty, DMF and NMET con­tri­bu­tions, to the ex­che­quer. In Jan­uary this year, Ch­hat­tis­garh of­fered

` ndoS­pace, a de­vel­oper of in­dus­trial & lo­gis­tics parks, signed two MoUs with Maharashtra In­dus­trial De­vel­op­ment Cor­po­ra­tion (MIDC) for a po­ten­tial in­vest­ment of ` 768 crore ($112 mil­lion). In­doS­pace, a joint ven­ture be­tween the Ever­stone Group and US-based Real­term, is the pi­o­neer and largest provider of in­dus­trial and lo­gis­tics real es­tate in In­dia and cur­rently has 17 projects un­der de­vel­op­ment across In­dia.

The MOUs are for the de­vel­op­ment of projects at MIDC’s Ran­jan­gaon and Chakan in­dus­trial parks. On com­ple­tion, the two projects will gen­er­ate em­ploy­ment for ap­prox­i­mately 4,000 peo­ple, In­doS­pace an­nounced to­day.

The MOUs were signed at the Maharashtra In­vest­ment Sum­mit dur­ing this week’s Make In In­dia drive in Mum­bai. They will fa­cil­i­tate In­doS­pace’s pro­posed in­vest­ment at MIDC’s Chakan and Ran­jan­gaon parks by en­abling nec­es­sary reg­is­tra­tions, ap­provals, and clear­ances re­quired from the con­cerned de­part­ments as per ex­ist­ing poli­cies, rules and reg­u­la­tions of the Govern­ment of Maharashtra.

“The Govern­ment of Maharashtra has been very sup­port­ive in our ef­forts to de­velop world-class in­dus­trial and lo­gis­tics in­fra­struc­ture in the state, and th­ese MoUs will fast­track in­vest­ment into th­ese projects, ac­cel­er­ate their de­vel­op­ment, and help at­tract more multi­na­tional man­u­fac­tur­ing com­pa­nies to Maharashtra,” said Brian Oravec, CEO of In­doS­pace, in a re­lease.

Ear­lier, In­doS­pace an­nounced a pro­posed in­vest­ment of $1 bil­lion in In­dia over the next five years, which will fund the de­vel­op­ment and ex­pan­sion of its own 17 in­dus­trial real es­tate projects across the coun­try to sup­port man­u­fac­tur­ing, con­sumer and 3PL (third-party lo­gis­tics) com­pa­nies op­er­at­ing in the na­tion’s rapidly grow­ing econ­omy.

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