600 Chinese firms book space in Delhi mall
A Rs 150-crore mall coming up in west Delhi appears poised to become a sphere of Chinese influence, with about 600 companies from mainland China setting up liaison and exhibition offices in it. The centre is meant to serve as a gateway for Chinese companies so that middlemen operating out of Hong Kong and Singapore can be done away with. The project is being funded by Anant Raj, partially through a loan from State Bank of India. Most of the Chinese companies taking up space in the complex are small and medium manufacturers, operating in sectors like textile, apparel, electronics and toy. While these are sectors in which China has conquered the world markets with its cost efficiency, sources say companies dealing in heavy and light machinery are also keen to join the west Delhi cluster. As per the plans, these companies to market their products in India will use the offices in Delhi. “The Chinese companies are of the view that the middlemen from Hong Kong and Singapore are benefiting from the present trade that takes place between the two countries.
DLF on top in Dankuni township race
Land acquisition for the proposed 5,000-acre township in Dankuni is still several miles from completion, while the financial bid for the same has already been opened and the DLF consortium is on top, the top rung with a bid value of Rs 2,713 crore for the land. The project is still several months away from taking off as the government is yet to complete land acquisition in the Dankuni area. On completion, it will house an industrial park spread over an area of 1000 acres, with the rest housing the integrated township. Apart from residential quarters, it will have hotels, health centres, a sports complex and an entertainment zone, shopping malls and lakes,.
Auto mall in driveway
Prajay Engineers Syndicate Limited (PESL) has informed that it will be launching ‘Prajay Autopolis’, an automobile mall, in Hyderabad. The mall will be set up on a 35-acre site adjacent to Mumbai highway (NH 7). The company is currently finalising the layout plans and the concept designs for the project. It has appointed international architects and planners for the assignment. The construction is expected to begin by the end of the year and the mall is expected to open in the second half of 2008. The company expects revenue in excess of Rs 670 crore over the next three years from this venture against an estimated cost of Rs 400 crore. According to the company, Prajay autopolis is a novel initiative in auto retailing in India, where consumers will have the convenience of buying automobiles in a multi-brand retail space. It will be an end-to-end automobile solutions location comprising sales, servicing as well as warehousing.
Kerala plans to float infrastructure development firm
A public-private enterprise is set to take up major projects in Kerala. The new company will engage itself in acquiring land, building infrastructure and leasing the facility to new enterprises. minister, Elamaram Kareem, said. The company will be a public-private enterprise in the model of Cochin International Airport Ltd and the government will have a maximum stake of 26 per cent.
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