Savvy Infrastructure to invest Rs 700 cr more in GIFT City
By IANS |
Published on
Wed, Jan 6 2021 22:06 IST |
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Rs 255 cr assets of companies fraudulently availing agri loans attached .. Image Source: IANS News
New Delhi, Jan 6 : Savvy Infrastructure Pvt Ltd is set to invest Rs 700 crore more in GIFT City with the development of around five projects.
The Gujarat International Finance Tec (GIFT) City has allotted 10 lakh square feet built up area to Savvy Infrastructure for development of commercial, residential and social buildings in the GIFT SEZ area. Savvy will develop around five projects and invest about Rs 700 crore for this development. This will be in addition to the existing 23 storied commercial tower which consists of offices and Free Trade Warehousing Zone (FTWZ) operational in GIFT SEZ area, the company said in a statement.
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Investment Board Nepal expedites final approval process of four mega projects worth Rs 150 billion My Republica
KATHMANDU, Dec. 17 The Office of the Investment Board Nepal (IBN) has started study of four mega projects worth Rs 150 billion.
Private Freight Terminal and Bulk Handling Facilities to be built in Birgunj and Bhairahawa, Multi-modal Logistics Park in Biratnagar, Damak Clean Industrial Park in Jhapa and Birethanti-Muktinath Cable Car are among the projects in pipeline. The concerned developers of these projects submitted the Detailed Feasibility Study Reports (DFSR) to the IBN on Tuesday.
Dharmendra Kumar Mishra, the spokesperson of the IBN, said an evaluation committee of the board will carry out further study of the DFSR provided by the developers. After the DFSRs of these projects receive approval from the IBN, the board will sign agreements with the concerned developers, Mishra said.