Category: Business

Mumbai-Ahmedabad Bullet Train: L&T packs up to Rs 2,500 crore deal for India’s first high velocity rail corridor

by Nachiket Goelon

A significant contract has been made sure about by the weighty common framework business of L&T Construction from two bundles of the Mumbai-Ahmedabad High Speed Rail Corridor.

Mumbai-Ahmedabad Bullet Train Project: On Friday, Infrastructure firm Larsen and Toubro (L&T) declared that it has gotten an up to Rs 2,500 crore contract for the impending and country’s first fast rail passageway project interfacing the monetary capital and the city of Ahmedabad. The organization said in an administrative recording that a huge agreement has been made sure about by the substantial common foundation business of L&T Construction from two bundles of the Mumbai-Ahmedabad High Speed Rail Corridor, as per a PTI report. This rapid rail passage project is being executed by National High Speed Rail Corporation Limited (NHSRCL), in view of Japanese E5 Shinkansen innovation.

As per L&T, the framework firm didn’t offer some benefit of the agreements yet said the orders fall under the classification of “significant”, which range between a measure of Rs 1,000 crore and Rs 2,500 crore according to its agreements’ grouping. The organization expressed that the request is to obtain, collect, manufacture, paint just as transport 28 scaffolds. It further said the Rs 2,500 crore contract was made sure about through a consortium of L&T and Japan’s IHI Infrastructure Systems (IIS).

The country’s first Bullet Train project is the Modi government’s leader coordinated effort with Japan. The aggressive 508 km long Mumbai-Ahmedabad rapid rail hallway project for which PM Narendra Modi alongside then Japan PM Shinzo Abe, had established the framework stone in September 2017, is required to create in excess of 90,000 immediate and circuitous positions during the development time frame. The Bullet Train project is relied upon to flaunt speeds more than 300 km for every hour.

Other than Mumbai – Ahmedabad Bullet Train project, attainability considers have been endorsed by the public carrier for seven all the more rapid rail hallways including Delhi – Ahmedabad, Delhi – Amritsar, Varanasi – Howrah, Delhi – Varanasi, Mumbai – Hyderabad, Mumbai – Nagpur, Chennai – Mysore rail passageways.

Gujarat proposed New fintech park for GIFT City

by Nachiket Goelon

Expecting a new influx of investments in financial technology (fintech) administrations, the Gujarat government is chipping away at plans to set up another fintech park that will serve the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar.

The fintech park will likewise serve new regions close to the Gujarat International Finance Tec City. The fintech area has seen huge development as of late. Singapore has arisen as the center point for this new market and a comparative mechanical disturbance is making advances into India.

The Gujarat government is likewise taking a gander at making a committed fintech strategy that will give various motivating forces to organizations which set up base at GIFT City IFSC (International Financial Services Center) and encompassing zones.

Aside from focal government sops, the state government intends to give extra impetuses also.

The strategy, as per government sources, will be a vital driver for new businesses on the lines of Paytm, PhonePe, RazorPay, MobiKwik, and PayU. Fintech has re-imagined how exchanges are finished.

“Apart from the IT-based ecosystem and infrastructure, one of the biggest enablers for a fintech company planning to set up operations in GIFT City IFSC is that it now has a unified regulator,” said an industry expert. A final draft of the fintech policy is almost ready, said government sources. “We have held up the announcement of the policy, as we expect a major boost in the form of tax holiday from the Government of India for companies setting up base at the GIFT City IFSC,” a source said.

“This tax holiday announcement is expected in the Union budget. After the Union budget, the state government will announce its own set of additional incentives through the new fintech policy. This will provide a quantum impetus to the GIFT City project.”

The state government has just looked for the endorsement of the focal government for the declaration of the new fintech strategy.

“Private developers will be allowed to develop fintech-related projects in line with their requirements,” the source added. “Under the new policy, the proposed fintech park will be given significant support. Customized support to major fintech companies on the lines of manufacturing companies will also be offered.”

Ahmedabad to have two-day luxury auto expo on January 30-31

by Gaurang Gargon

A automobile expo is being held disconnected in Ahmedabad in Gujarat without precedent for India following the Covid-19 pandemic. An Ahmedabad gathering will sort out the first disconnected luxury car expo, ‘Auto de Glam’, a two-day occasion, where vehicles like Aston Martin Vantage and Ferrari Portofino will be seen alongside other best in class vehicles worth Rs 75 crores under one rooftop.

Expecting a good financial year in the coming fiscal, the car business which has been hit hard by Covid-19 and the lockdown, has restarted creation and is seeing record deals again with the progressive unwinding of the lockdown. The business was pounded gravely in 2020, yet the area is presently seeing a slow recuperation as far as shopper footfalls in display areas and deals volume.

The continuous lessening in Covid-19 cases has seen a developing inclination for individual portability to notice the Covid rules. This has carried cheer to the auto business, which is anticipating acceptable deals this year.

In spite of the fact that, having just 1.2 % of the general piece of the pie in the auto area in India, the extravagance vehicle market is relied upon to enroll CAGR of more than 6% during 2020-2025 in India. Taking a gander at this potential, an Ahmedabad based gathering is arranging the first since forever extravagance vehicle show in Ahmedabad.

The two-day ‘Auto de Glam’ will be hung on January 30 and 31 where extravagance vehicle brands like Ferrari, Aston Martin, Porsche, Mercedes, Maserati, Range Rover, Volvo, BMW, Audi, Mini, Jaguar, and others will be in plain view.

“In this first offline auto event in the country after Covid-19, we are expecting to have good response from the potential car buyers, where they will have a chance to talk to the company’s executives. As this event is purely registration based, it will ensure that all the necessary Covid protocols, guidelines and precautions are followed,” said Durgesh Agarwal from the DA group, one of the organizers of the event.

“This is the first such Expo for luxury car brands in the country. We plan to make it an annual event and add more products every year. This year we are having 11 luxury car manufacturers participating. Next year, we will be adding 4 to 5 more company products,” said Saurin Basu, from Aver Media, another organiser.

“Our purpose for the event is to bring positivity in the economy by showcasing the aspirational brands and also support the automobile industry to recover at a faster pace,” added Basu.

“We are expecting around 1000 visitors during this two-day event,” said Basu.

According to industry gauges, 34,500 to 35,500 extravagance vehicles were sold in the country in 2019, contrasted with 40,340 units sold in 2018.

Contrasted and 13% in China and 10% in the US, the portion of extravagance vehicles in India represents under 1.2% of the general auto market. India has in excess of 350,000 tycoons, yet the market size is yet to cross 50,000 units every year.

Ahmedabad metro 1st phase to be finish by August next year, 6.5 km in 2021

by Anaya Anneon

The metro rail officials don’t plan to work additional stretches in 2021. Development of 27 km of raised hall is at a high level stage.

The first phase of the city’s metro rail will be finished by August one year from now. This comprises of the lines from APMC to Motera Stadium and Thaltej to Vastral.

In 2021 the individuals of the city would have 6.5 km of metro line practical, from Vastral to Apparel Park, as indicated by the state’s Metro Rail Corporation Ltd. 40 km would be finished by August 2020, as indicated by a report in the Times of India. They don’t plan to work additional stretches in 2021.

Burrowing work for the underground area between Apparel Park and Shahpur has been done and the lying of tracks and the flagging framework is in progress, as per the authority. Development of 27 km of the raised passage is at a high level stage.

The GMRC has in Phase II chose to leave out direct availability to the air terminal that was arranged before, as per the authorities. The 28 km second stage, work on which began on January 18, interfacing Gandhinagar and the city, would be finished by 2024.

The length of the primary hall of the subsequent stage is 22.8 km from Motera Stadium to Mahatma Mandir, as indicated by authorities. This passage is a raised hall with 20 raised metro stations with exchanges at Koteshwar Road. It would have future arrangements to associate the metro with the air terminal.

The corridor would interface Koba, Infocity, the New and Old Sachivalayas, Akshardham and Mahatma Mandir. The length of second hallway is 5.4 km, from GNLU to GIFT City, with two raised stations, with a trade office at GNLU and a scaffold over the Sabarmati River, as indicated by authorities.

Along this stretch no land would need to be procured as the undertaking has been planned such that it ignores government land, officials said.

Gujarat govt apportions Rs 15 crore for development works

by Gaurang Gargon

The Gujarat government has dispensed an aggregate of Rs. 15 crore to quicken formative works in 4 towns of the state under the Swarnim Jyanti Mukhyamantri Shaheri Vikas Yojana(SJMMSVY).

In this specific circumstance, boss pastor Vijay Rupani has apportioned Rs. 5 crore to Gandhinagar Municipal Corporation under Sadak Yojana for Swarnim Jayanti Mukhyamantri Shaheri Vikas Yojana for the year 2020-2021. Out of this sum Rs. 1 crore will be distributed for fortifying Koba-Indira connect street to Bhat town. A sum of Rs. 4 crore have been authorized for developments of street in 13 territories of AUDA which are covered under Gandhinagar Municipal Corporation.

Rupani has dispensed a measure of Rs. 5 crore 44 lakh to Mehsana Municipality under Swarnim Jyanti Mukhyamantri Shaheri Vikas Yojana for 94 works for C.C.Roads, Paver block too drinking water pipelines in private social orders under open cooperation part.

Aside from this, the central priest has likewise apportioned Rs. 3 crores 46 lakh under Swarnim Jyanti Mukhyamantri Shaheri Vikas Yojana to Vadnagar Municipality in north Gujarat. This sum would be utilized to supply water on consistent schedule to the individuals of edges zones, Darbargarh zone and different zones of Vadnagar 3-4 km away from Vadnagar city and to supplant the PVC lines interfacing the edges zones with D1 line to forestall water wastage and spillage.

The CM has additionally assigned Rs. 1 crore 11 lakh to Dholka Municipality of Ahmedabad District under Swarnim Jyanti Mukhyamantri Shaheri Vikas Yojana for 10 works like CC Road, Drinking Water Line just as Storm Water Drain, Water Line in the private society with public support segment. Around 650 groups of Dholka will be profited with this advancement work.

The CM has allotted an aggregate of Rs. 15,783.73 crore in most recent a long time from 2016-17 to December-2020 under the Swarnim Jyanti Mukhyamantri Shaheri Vikas Yojana to prepare all the urban communities and towns of Gujarat with essential just as present day offices with infrastructural offices.

Ahmedabad Metro Phase I to be finished by August 2022

by Jatin Jhaon

The Phase I of the Ahmedabad metro project, the lines from APMC to Motera Stadium and Thaltej to Vastral, will be finished by August 2022, as expected for the festival of the 75th year of Independence.

Gujarat Metro Rail Corporation (GMRC) Limited said that this year the residents of Ahmedabad will have just 6.5km of metro line utilitarian, from Vastral to Apparel Park. GMRC authorities said 40km will be finished by August one year from now.

Authorities said that they don’t plan to work additional stretches this year.

The authority said burrowing work for the underground area between Apparel Park and Shahpur has been finished and laying of tracks and the flagging framework is in progress. Authorities said development of 27km of raised hall is at a high level stage.

Authorities said the GMRC has in the subsequent stage chosen to drop direct availability to the air terminal that was arranged before.

Authorities said the 28km Phase II, work on which commenced on Monday, associating the state capital and Ahmedabad city, will be finished by 2024.

Authorities said that the length of Corridor 1 of Phase II is 22.8km from Motera Stadium to Mahatma Mandir. Hall 1of Phase II is a totally raised passageway with 20 raised Metro stations with trades at Koteshwar Road. It will have future arrangements to associate the Metro with Sardar Vallabhbhai Patel International Airport.

The hall will interface Koba, Infocity, the New and Old Sachivalayas, Akshardham and Mahatma Mandir.

Authorities said that the length of Corridor 2 is 5.4km, from GNLU to GIFT City, with 2 raised stations, with an exchange office at GNLU and an extension over the Sabarmati waterway.

Authorities said that along this stretch no land should be obtained as the undertaking has been planned in a manner that is disregards government land.

Adani airports in Ahmedabad, Lucknow and Mangaluru receive ACI accreditation

by Jatin Jhaon

Adani Airports said in an explanation that three of its air terminals – Ahmedabad, Mangaluru and Lucknow – have been certify by the Airports Council International (ACI) under the Airport Health Accreditation (AHA) program. The worldwide acknowledgment exhibits the exceptional proactive estimates set up by these air terminals to guarantee traveler wellbeing, it said.

The assessment cycle by ACI under the AHA program is completed subsequent to exploring the proof introduced dependent on 118 checks. The three air terminals have shown a protected travel insight for all explorers, which is in accordance with the suggested wellbeing estimates set up in the ACI Aviation Business Restart and Recovery rules and ICAO Council Aviation Recovery Task Force Recommendations, alongside industry best practices.

“This accreditation is a significant step in the pursuit of reinvigorating air traffic in the wake of Covid-19 and the ensuing vaccination drive. It instills trust in health and safety standards practiced at Lucknow, Ahmedabad and Mangaluru airports amidst the spread and control of the global Coronavirus (Covid-19) pandemic. We remain committed to reinforce our preparedness with global best practices and thus ensure a safe pre and post flight experience for flyers at the three locations,” said Behnad Zandi, CEO, Adani Airports.

The ACI appraisal covered the wellbeing and security measures attempted by the air terminals for travelers and staff in all the terminal regions including flights, appearances and moves, transportation administrations, food and drink administrations, lifts and lifts, parlors, offices and baggage carousel territory among others.

The accreditation is substantial for the following a year. The program is intended to help console the voyaging public that air terminal offices stay safe and that precautionary measures are being taken to diminish wellbeing hazards.

“Congratulations to the Adani Group airports in Ahmedabad, Lucknow and Mangaluru for securing the Airport Health Accreditation. With vaccine distribution underway, gaining the public’s confidence in air travel will be crucial as our industry prepares to restart and sustain continuing operations. The Adani Group airports are paving the way by providing passengers and employees globally-recognised standards on health and hygiene,” said Stefano Baronci, director general, ACI Asia-Pacific.

The ACI AHA program empowers air terminals to exhibit to travelers, staff, controllers, and governments that they are organizing wellbeing and security in a quantifiable, set up way.

Ahmedabad and Surat receiving very important gifts : PM Modi launches metro rail projects in Gujarat

by Gaurang Gargon

Union Home Minister Amit Shah, Union Housing and Urban Affairs Minister Hardeep Singh Puri, Gujarat CM Vijay Rupani and Governor Acharya Devvrat likewise went to the capacity.

Prime Minister Narendra Modi played out the bhoomi poojan service of Ahmedabad Metro Rail Project Phase-2 and Surat Metro Rail Project on Monday by means of video conferencing.

While talking at the function, PM Modi attested that Ahmedabad and Surat are getting significant endowments today. Metro will additionally fortify the availability in these two significant business habitats of the nation, he added.

Contrasting his administration’s exhibition and the past government’s, the Prime Minister said the best guide to see the distinction between the methodology of past governments and work of current governments is the extension of metro rail network the nation over.

“Before 2014, only 225 kilometres of the metro line became operational in 10-12 years. But in the last 6 years, over 450 kilometres of the metro network has become operational,” said PM Modi.

In a hidden burrow at Congress, he stated, “Work is underway on over 1000 kilometres of metro network in 27 cities across the nation, as of now. There was a time when there was no modern thinking in the nation, regarding the metro network. There was no metro policy. As a result, there were different kinds of metro in different cities.”

PM Modi at that point said that his administration is building up urban areas’ vehicle framework like an incorporated framework which implies that transport, metro, rail won’t utilize according to their own plan yet fill in as an aggregate framework, reciprocal to one another.

Association Home Minister Amit Shah, Union Housing and Urban Affairs Minister Hardeep Singh Puri, Gujarat CM Vijay Rupani and Governor Acharya Devvrat likewise went to the capacity.

Ahmedabad Metro Phase 2

It is a 28.2-km long venture including two passageways. Hallway 1 is 22.8 kilometer long and is from Motera Stadium to Mahatma Mandir. Passageway 2 is 5.4 kilometer long and is from GNLU to GIFT City.

The all out fulfillment cost of the Phase 2 venture is Rs 5,384 crore.

Surat Metro

It is a 40.3-km long projects and includes two corridors. corridor 1 is 21.61 kilometer long and is from Sarthana to Dream City. corridor 2 is 18.74 kilometer long and is from Bhesan to Saroli.

The all out culmination cost of the venture is Rs 12,020 crore.

The Metro projects will give a climate neighborly ‘Mass Rapid Transit System’ to these urban communities.

First stock of 2.76 lakh Covid vaccines come to in Gujarat

by Yashvi Singhon

The main batch of Covishield, a Covid-19 immunization created by Pune-based Serum Institute of India (SII), showed up at the Sardar Vallabhbhai Patel (SVP) air terminal of Ahmedabad at 11am on Tuesday. The transfer comprised of 2.76 lakh shots, said the state wellbeing office authorities.

The state would likewise get 2.65 lakh vials of immunization on Wednesday, totalling 5.41 lakh. It would cover the principal period of inoculation, to be turned out from January 16, in which 4.33 lakh medical services laborers would get their first shot.

Gujarat delegate CM Nitin Patel, who is additionally the state’s wellbeing priest, invited the transfer at the city air terminal. He was joined by Pradipsinh Jadeja, MoS (home), and Jayanti Ravi, head secretary (wellbeing).

Associating with the media, Patel said that out of the transfer, 1.2 lakh dosages would be shipped off the cool stockpiling made at local medications terminal (RDD) at Ahmedabad. “The cold storage at Gandhinagar Civil Hospital would get 96,000 doses, and 60,000 doses to be sent to the storage facility in Bhavnagar,” he said.

He added that another three transfers would arrive at Gujarat by street on Wednesday through unique vehicles. “It would include 94,500 vials for Vadodara, 93,500 for Surat, and 77,000 for Rajkot-based storage facilities,” he said. “About 20,000 centres have been identified for the vaccination in Gujarat.”

The state government had before declared that 4.33 lakh medical services laborers – directly from specialists to attendants to paramedical staff and those conveyed at different government and private clinics and those on the field obligation for Covid-19 – would be the first to get the vaccine.

“PM Narendra Modi will interact with the healthcare workers getting the vaccine at 287 centres on January 16. Special arrangements have been made for the same at civil hospitals in Ahmedabad and Rajkot,” said the deputy CM. “We will be reviewing the implementation and also send the feedback for the later phases. The vaccines have been provided to the state free of cost by the Central government.”

The immunization was gotten in the midst of much exhibit at the offices in Ahmedabad and Gandhinagar where the exceptional stockpiling units were set up to get it. Senior authorities revealed to TOI that the staff is prepared to keep up the stock, check the stock against the unique programming/application for immunization program and shipping it to inoculation focuses.

Patel said that the Covid-19 circumstance is vastly improved in Gujarat presently (contrasted with what it used to be post Diwali). “About 80-90% of the designated beds for Covid-19 are empty now. Measures such as night curfew had to be implemented to ensure that the positive cases could be controlled,” he told the media.

He added that no administration authority – including CM, bureau of pastors, MLAs, MPs, and so forth – would get the immunization shot in the primary stage. “It’s our way to show our respect to the Covid warriors who have tirelessly served the patients during the pandemic. In the second phase, we have included the frontline workers like police who have ensured implementation of stringent protocols,” said Patel.

Mumbai: For the Ahmedabad and Haridwar an Western Railway to run special trains

by Nachiket Goelon

Western Railway (WR) has chosen to run 2 sets of extra extraordinary trains between Bandra (T)- Ahmedabad and Bandra (T)- Haridwar.

WR spokesperson said, “Train No. 09029 (Lok Shakti express) will depart from Bandra Terminus at 7.40 pm and will reach Ahmedabad at 4.20 am the next day from January 10. Similarly, Train No. 09030 will depart from Ahmedabad at 8.45 pm and arrive Bandra Terminus at 5.25 am the next day from January 13.”

The train will stop at Andheri, Borivali, Palghar, Vapi, Valsad, Navsari, Surat, Bharuch, Vadodara, Anand and Maninagar stations in the two ways.

Train No.09029 will have extra end at Virar, Boisar, Dahanu Road, Umargam Rd, and Bilimora stations.

Train No.09030 will have extra end at Mahemadavad Kheda street Nadiad and Kosamba stations.

The train will have Ist AC, AC 2-Tier, AC 3-Tier, Sleeper Class and Second Class seating mentors.

Train No. 09019 (Dehradun Express) will leave from Bandra Terminus at 12.05 am and will arrive at Haridwar at 8.20 am the following day from January 11.

Train No. 09020 will withdraw from Haridwarat 1.30 pm and show up Bandra Terminus at 10.05 pm the following day from January 12.