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Russian President Dmitry Medvedev on Friday said that his country will significantly boost the supplies of Liquefied Natural Gas (LNG) to energy hungry India beginning from 2016.
Addressing the CEOs forum of the top companies of the two countries, Prime Minister Manmohan Singh said that Indian companies were interested in oil and gas projects in Russia. India’s gas consumption is projected to increase 70 per cent by 2020.
Mentioning the success of ONGC Videsh Ltd (OVL) venture in Sakhalin-1 offshore oil block, Medvedev also expressed Russia’s interest in expanding cooperation with India in hydrocarbons, Foreign Secretary Ranjan Mathai told reporters.
OVL has 20 per cent stake in Sakhalin-1, which has estimated reserves of about 307 million tons of oil (2.3 billion barrels) and 485 billion cubic meters of gas (17 trillion cubic feet).
Medvedev said that Russian natural gas monopoly Gazprom has inked the memoranda covering major supplies of LNG to India with several Indian companies. Gazprom CEO Alexei Miller last month said the company would take India’s growing demand for LNG into account in its plans to build export facilities under the Eastern Gas Programme.
According to earlier reports, OVL is in talks with Russia’s largest independent gas producer Novatek to participate in the Yamal LNG project.
The project, being implemented by Novatek and France’s Total, will produce liquefied natural gas on the Yamal Peninsula in the Russian Arctic at an estimated cost of $15-20 billion, local media reports said.
It will see development of the giant Yuzhno-Tambeiskoye gas condensate field and the construction of an LNG plant. Novatek also plans to build a sea port in the town of Sabetta in Yamal and will construct an ice-class tanker fleet.
Russian President Dmitry Medvedev on Friday said that his country will significantly boost the supplies of Liquefied Natural Gas (LNG) to energy hungry India beginning from 2016.
Addressing the CEOs forum of the top companies of the two countries, Prime Minister Manmohan Singh said that Indian companies were interested in oil and gas projects in Russia. India’s gas consumption is projected to increase 70 per cent by 2020.
Mentioning the success of ONGC Videsh Ltd (OVL) venture in Sakhalin-1 offshore oil block, Medvedev also expressed Russia’s interest in expanding cooperation with India in hydrocarbons, Foreign Secretary Ranjan Mathai told reporters. OVL has 20 per cent stake in Sakhalin-1, which has estimated reserves of about 307 million tons of oil (2.3 billion barrels) and 485 billion cubic meters of gas (17 trillion cubic feet).
Medvedev said that Russian natural gas monopoly Gazprom has inked the memoranda covering major supplies of LNG to India with several Indian companies. Gazprom CEO Alexei Miller last month said the company would take India’s growing demand for LNG into account in its plans to build export facilities under the Eastern Gas Programme.
According to earlier reports, OVL is in talks with Russia’s largest independent gas producer Novatek to participate in the Yamal LNG project.
The project, being implemented by Novatek and France’s Total, will produce liquefied natural gas on the Yamal Peninsula in the Russian Arctic at an estimated cost of $15-20 billion, local media reports said. It will see development of the giant Yuzhno-Tambeiskoye gas condensate field and the construction of an LNG plant.
Novatek also plans to build a sea port in the town of Sabetta in Yamal and will construct an ice-class tanker fleet.
Category : Blog
Kerala Government To Support Export Oriented Business/Industries Near Airport Around Kerala Cochin International Airport Nedumbassery. In the current financial year there will be a massive increase in domestic and international export through airports in Kerala.
Government of Kerala planning to support industries to start and develop infrastructure facilities in and around airport like Cochin International Airport at Nedumbassery, Trivandrum and Calicut.
So there will be a massive industrial as well as residential growth near airports in Kerala, cochin international airport which is having higher potential for expansion, CIAL is also planning for expansion of its international terminal in this financial year. With its facilities like 18 hole golf course near the airport and several builders in cochin having its mark near airport that will bring another set of new investment there.
Its a wonderful Opportunity for investors who are planning for investment in hospitality, airport catering business, airport hotel business, township, export oriented business near cochin international airport, there is lot more space available for the industries to start their business/industries here in cochin.
Land Available Near Cochin International Airport At Nedumbassery
Category : Blog
The Indian government welcomes FDI in all sectors where it is permitted
India is today rated as one of the most attractive investment destinations across the globe. The UNCTAD World Investment Report (WIR) 2010, in its analysis of the global trends and sustained growth of Foreign Direct Investment (FDI) inflows, has reported India to be the second most attractive location for FDI for 2010-2012.
India attracted FDI equity inflows of $1,274 million in February 2011. The cumulative amount of FDI equity inflows from April 2000 to February 2011 stood at $193.7 billion, according to the data released by the Department of Industrial Policy and Promotion (DIPP). The humungous increase in investment mirrors the foreign investors’ faith in the Indian markets.
The services sector comprising financial and nonfinancial services attracted 21 percent of the total FDI equity inflow into India worth $3,274 million during April-February 2011, while telecommunications (including radio paging, cellular mobile and basic telephone services) attracted the second largest amount of FDI worth $1,410 million during the same period. Automobile industry was the third highest sector attracting FDI worth $1,320 million followed by Housing and Real Estate industry that garnered FDI worth $1,109 million during the financial year April-February 2011. India’s foreign investment policy has been formulated with a view to inviting and encouraging FDI into India. The process of regulation and approval has been substantially liberalized. FDI under automatic route is permitted in most activities/sectors, except a few where prior approval of the government is required.
The Indian government welcomes FDI in all sectors where it is permitted, especially for development of infrastructure, technological upgradation of Indian industry through ‘greenfield’ investments and in projects having the potential of creating employment opportunities on a large scale. Investment for setting up Special Economic Zones (SEZs) and establishing manufacturing units are also welcomed. Details relating to Foreign Direct Investment (FDI) Policy in India are available on the website: www.dipp.nic.in
Overseas Investments By Indian Companies
- Tata Chemicals has acquired 25.1 percent stake in the ammonia-urea fertilizer complex at Gabon in Africa for $290 million.
- Fortis Malar Hospitals has taken over operations and management of cardiac center at 170-bed Oasis Hospitals in Sri Lanka. The cardiac center will be fully equipped to cover all aspects of cardiac care ranging from prevention, diagnosis, treatment and rehabilitated cardiac care.
- Manipal Group’s home fragrance company Primacy Industries has acquired US-based Midwest-CBK, the manufacturers of household candle brands like Colonial Candle, Seasons of Cannon Falls and CBK, in an all-cash deal.
- Infosys Technologies is planting the seeds for a long-term IT services play in the African continent. The company is now laying the groundwork to expand its offerings to include Infosys’s various offshore IT services that it offers in larger markets. This includes application services, infrastructure management, package implementation and architecture services.
- Wind turbine maker Suzlon Energy is all set to acquire the residual stake in German company REpower, to get 100 percent control of the company. It has notified the board of REpower to initiate squeeze-out proceedings with respect to minority shareholders.
- IT firm Mahindra Satyam said it has bagged an order from Qatar University for implementing IT software solution to manage its business processes. The contract will be implemented over a nine-month period and will cover end-to-end implementation of IT solution.
- Dr. Reddy’s Laboratories has opened its newly expanded Chirotech Technology Centre, a purpose-built facility to house its laboratories and offices, at the Cambridge Science Park, UK.
- Flexible packaging firm Uflex Ltd will be investing around $180 million in phases to set up a green-field plant in Kentucky, US. The new manufacturing plant, to be operational by 2012, is part of Uflex’s strategy to gain competitive advantage of increased proximity to the markets globally.
- Bhilai Steel Plant (BSP), the flagship entity of the Steel Authority of India Limited (SAIL), has won a fresh order for exporting rails to Sri Lanka
Category : Blog
Hilton on its own will set up 50 hotels in the next five years, out of which six hotels are operational in New Delhi, Mumbai and Chennai.
While Hilton and Hilton Garden Inn have already been launched in the country, the company will be introducing its luxury brands Waldorf Astoria and Conrad besides upscale brand Doubletree and the mid-market brand, Hampton. “We have a robust pipeline of hotels under construction and we will open six hotels in the next nine months. We believe our mid-scale brands Hampton Hotels and Hilton Garden Inn will drive our growth in the country as they are well suited to expand in secondary and tertiary cities,” Menezes says.
These six hotels will open under the Hilton and Doubletree brands in Gurgaon, Bangalore, in various cities of Gujarat and in the Mumbai region.
Hilton will operate through the management contract route. In recent times, international hotel companies like Intercontinental and Marriott have picked up minority stakes in JVs with developers. “But we are not averse to making investments if we get the right opportunity. We have gone down that route before,” he said. The company has a fiveyear old joint venture with India’s top real estate builder, DLF, in which Hilton owns 24% shareholding to build several Hilton Garden Inn properties. But the company has not launched its plans yet. In the meanwhile, DLF has announced it will sell non-core assets to raise funds and retire mounting debt, giving rise to speculations about the fate of the partnership.
To which, Menezes said, “Our JV company is not involved in any hotel building activity. But we have four sites under this company and we may look at joint development of hotels on these sites in the future.”
Menezes says the company’s partnerships with Indian companies in the past have been a learning process, which has helped it chart its course for expansion. The second largest hotel chain in the world is investing in technology, infrastructure for running hotels and people.
Category : Blog
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Category : Blog
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Category : Blog
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E Mail: info@realpropertiesonline.com
Category : Blog
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Category : Blog
New LNG terminal project in Kochi nearing completion and this year International Container Transhipment Terminal vallarpadam has also commissioned. Now there is enormous opportunity waiting for LNG powered projects in Kochi City.
The terminal at Kochi will help in meeting enormous demand of natural gas for Power, Fertilizers, Petrochemicals and various other industries in the Southern States.
There is land available for large scale projects in Kochi, Investors from around the globe can contact us.
Following is the land details Please take a look at Land for sale near LNG Terminal Kochi
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Category : Blog
The Indian Prime Minister Manmohan Singh on Friday inaugurated the India’s first International Container Trans-shipment Terminal (ICTT) in Special Economic Zone in the short Vallarpadam Island Kochi.
- The total cost of the first and second phase of the terminal is coupled around Rs 6,250 crore.
- The first phase of the project is ready to handle one million TEUs per year.
- The project, managed by Dubai Port World (DPW)
- Kochi is aimed to address a major transportation hub and reduce India’s dependence on foreign ports for transshipment.
Once fully developed, the ICTT, which forms part of the expansion of the port of Cochin, the largest single terminal in India.
Under the project, the longest railway bridge in India was 4.62 km in length, situated on Lake Vembanad, establishing connections with rail Vallarpadam the continent.
However, the project at a time, which are 326 families were displaced for the establishment of Vallarpadam terminal and a roof over their heads to get on request.
The ICTT project was made in light of the rapid growth of container traffic in India.
The lack of handling facilities at ports of India, a significant amount of container traffic through foreign transshipment terminals such as Colombo, Salalah, Dubai and Singapore has been transformed, resulting in additional costs and delays in the range seven to 10 days.
The Treaty provides facilities for handling ships and that the unnecessary handling of containers by Indian territory or otherwise.
DPW has invested Rs 1,600 rupees, while a similar amount was provided by the central government through the Cochin port to provide connectivity by road and rail in the first phase.
The ICTT will provide facilities for handling mother ships and thereby obviate the need for transshipment of Indian containers through other countries. This is expected to result in an average cost saving of USD 300 per box, giving huge benefits to the Export-Import industry.
Dignitaries expected at the inaugural function, Kerala Governor RS Gavai, Chief Minister VS Achuthanandan, Defence Minister AK Antony, Civil Aviation Minister Vyalar Ravi, Minister GK Vasan, Minister of Shipping Road Transport and Highways, CP Joshi.
International Container Transshipment Terminal Kochi Inauguration Videos
| Kochi Container Terminal Video | Kochi LNG Terminal Video Photo | Cochin International Container Transshipment Terminal Kochi Inauguration photos and videos | New NH to Kochi Container Terminal | Road and rail connectivity to LNG Terminal
container terminal kochi railway bridge
Category : Blog
India is blessed with one of the fastest growing real estate markets in the world. It is not only attracting domestic real estate developers but also the foreign investors; particularly, the NRI investments in India have a bulk of their share in the Indian housing market. The housing construction industry is poised for double-digit growth in the backdrop of large population base, rising income level and rapid urbanization, says our research report, “Indian Housing Sector Analysis”. Moreover, the housing construction industry is expected to overtake other industrial sectors in terms of contribution to GDP growth in the next few years. (http://www.bharatbook.com/detail.asp?id=94285&rt=Indian-Housing-Sector-Analysis.html )
Presently, the affordable housing is basically targeting at economically weaker class and low income groups and constitutes majority of the Indian housing industry, both in terms of value and volume. However, medium housing segment is also witnessing tremendous growth, especially in Tier-1 and Tier-2 cities. Besides, luxury housing is also expected to witness significant growth in coming years as this market segment is comparatively very small and has huge potential for further developments. As far as super luxury housing segment is concerned, latest industry trends and developments are skewed towards the segment. MNCs have again began hiring expat employees who are provided with the luxury housing benefits. Additionally, high net worth NRIs are also propelling demand for luxury housing in the country. Both these factors are expected to sustain the growth of luxury housing segment in long run.
Besides, the report analyzes factors critical to the success of the Indian housing industry. It has also identified key players in the market and included their detail business description along with their recent activities. Additionally, the report sheds light on the emerging industry trends and discusses the market structure along with current and past market performance of the Indian housing industry.
Forecast for potential housing demand in key segments such as, affordable, medium, and luxury housing have also been presented to provide better understanding of the Indian housing sector.
For more information kindly visit : http://www.bharatbook.com/detail.asp?id=94285&rt=Indian-Housing-Sector-Analysis.html
Related Reports
Saudi Arabia Housing Sector Outlook
http://www.bharatbook.com/detail.asp?id=113762&rt=Saudi-Arabia-Housing-Sector-Outlook.html
World Housing to 2014
http://www.bharatbook.com/detail.asp?id=149888&rt=World-Housing-to-2014.html
For more information regarding Real Estate Investments in South India
Visit : Real Properties Online Listing
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Category : Blog
Economists and government officials have long acclaimed India’s so-called second-tier cities as new founts of prosperity and incubators of India’s growing middle class. Cities like Pune , a manufacturing and information technology hub a few hours outside of Mumbai, kochi and Ahmadabad , the biggest city in India’s wealthiest state, Gujarat, have shown that smaller cities can attract big business.
But now even smaller cities in some of India’s most prosperous states are booming, too. Coimbatore, a city of about one million in Tamil Nadu near India’s southern tip, has expanded from textile manufacturing to software development and making auto parts.
Real estate investment also growing in small indian cities as more potential business and FDI improved much faster rates. Thus in near future we can expect a big boom in real estate industry with the help of foreign funds and investors.
Indian small cities showing a stable base of automotive assembly plants, factories and agribusiness, has long attracted the attention of companies selling small appliances, cellphones and economy cars. But as the many city’s fortunes have grown, and cultural mores that once made ostentatious spending unseemly have shifted, companies selling luxury goods are also seeking out these newly flush consumers. New malls just opening in every small cities, as well as new multiplex theaters and luxury hotels.
Category : Blog
