Market Sources, 2008-05-13
by India Research Team
Delhi, India
Company’s line up for Railway’s Land
The railways have identified around 3000 sites across the country for setting up retails outlets agri retail infrastructure and warehouses. For tapping the opportunity various firms like Reliance, ITC, Tata and GE logistics etc are already lined up their investment plans. To avoid monopoly of a single company the railway is planning no to give the vacant land at a station to any one company. The agri-retail chain is a win-win formula for all three parties — the railways, retailers and farmers. The retailers will be benefitted by the preferential treatment given by railways in terms of lower freight rates compared with other customers and the farmers will be benefited by receiving ideal remunerative price for their farmer’s produce. The railways will be benefitted as an equity partner in every hub by putting land as equity in JVs.
TIDCO initiatives for Growth of Local EconomyThe Tamil Nadu Industrial Development Corporation (TIDCO) is partnering with the private sector to accelerate the growth of the local economy. Recently it joins hand with DLF for an IT/ITES SEZ costing Rs. 1500 Crore at Taramani. An another IT/ITES SEZ with an integrated international Convention centre at a cost of Rs. 3000 in partnership with the consortium led by Messrs Tata Realty and Infrastructure Limited is planned by TIDCO. Not only IT-ITES the state is also planning the development of multi product SEZs at Ennore near Chennai and Virudunagar.
About Colliers International
Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 10,171 employees span the world in 267 offices in 57 countries. On a worldwide basis, Colliers manages 672,945,918square feet, and has revenue of over 1.6 billion.
Contact Information
India.Research@colliers.com
back to top
|