Allotment made in Sector 51.
UP govt gets Rs 850 crore for deal.
Noida: IKEA was on Friday handed over a land parcel measuring nearly 50,000 sq metres in Noida where the Swedish furniture giant is set to start its first retail outlet in Uttar Pradesh, according to officials.
The allotment, which has been made in Sector 51, was transferred by the Noida Authority that received Rs 850 crore from IKEA for the commercial land, they said.
The transfer was made during a programme held here in the presence of top Noida Authority and IKEA officials, while Uttar Pradesh Chief Minisiter Yogi Adityanath and UP Cabinet Minister Satish Mahana joined the event virtually from Lucknow.
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IKEA coming soon to Noida with Rs 5,000 crore investment
IKEA was on Friday handed over a land parcel measuring nearly 50,000 sq metres in Noida where the Swedish furniture giant is set to start its first retail outlet in Uttar Pradesh, according to officials. The allotment, which has been made in Sector 51, was transferred by the Noida Authority that received Rs 850 crore from IKEA for the commercial land, they said.
The transfer was made during a programme held here in the presence of top Noida Authority and IKEA officials, while Uttar Pradesh Chief Minister Yogi Adityanath and UP Cabinet Minister Satish Mahana joined the event virtually from Lucknow.
BENGALURU: Indian Finance Minister Nirmala Sitharaman is expected to unveil plans to boost economic growth when she presents the 2021/2022 federal budget on Feb. 1. Corporates and industry lobby groups expect the government to announce greater spending on healthcare and infrastructure, as well as tax breaks for the automotive, manufacturing and tourism industries, reeling from the coronavirus crisis. Here is a wishlist from industry leaders: HEALTHCARE AND PHARMACEUTICALS The drugs industry is hoping for incentives to spur more investment in research and development (R&D), via bigger tax deductions on R&D spending, said Sudarshan Jain, secretary general of the Indian Pharmaceutical Alliance.
Healthcare and pharmaceuticals
The drugs industry is hoping for incentives to spur more investment in research and development (R&D), via bigger tax deductions on R&D spending, said Sudarshan Jain, secretary general of the Indian Pharmaceutical Alliance.
Kiran Mazumdar Shaw, chief of Biocon Ltd, hopes the government will raise healthcare spending to 2.5% of gross domestic product by fiscal 2025 from about 1% now.
Real estate and infrastructure
The real estate and construction sector, a bellwether for the Indian economy, is hoping for tax reliefs for home buyers and regulations curbing a rise in construction costs.
Automobile industry
The automobile industry hopes for a roadmap for a recently announced production-linked incentive scheme and policy on scrapping of commercial vehicles.
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BENGALURU (Reuters) - Finance Minister Nirmala Sitharaman is expected to unveil plans to boost economic growth when she presents the 2021/2022 federal budget on Feb. 1.
FILE PHOTO: Finance Minister Nirmala Sitharaman (C) and Krishnamurthy Subramanian (R), chief economic adviser pose during a photo opportunity outside their office in parliament in New Delhi, India, July 5, 2019. REUTERS/Anushree Fadnavis
Corporates and industry lobby groups expect the government to announce greater spending on healthcare and infrastructure, as well as tax breaks for the automotive, manufacturing and tourism industries, reeling from the coronavirus crisis.
Here is a wishlist from industry leaders:
HEALTHCARE AND PHARMACEUTICALS