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Lucknow industrial estate gets going
The citys Industrial Development Authority plans 200-acre industrial enclave. It is often debated that the industrial development in Uttar Pradesh is confined to the National Capital Region (NCR) and the growth is far less visible in other parts of the state. In this backdrop,the Lucknow Industrial Development Authority (LIDA) — the proposed industrial enclave along the Lucknow-Kanpur highway mooted almost three years back for industrial and commercial amelioration in the region — is slowly picking up steam. More : business-standard.com
Regional cooperation must for development: CM
Himachal Pradesh Chief Minister Virbhadra Singh today emphasised the need for regional cooperation among northern states and the union territory to carry development and economic activities at an accelerated pace. ''Close coordination among the northern states would help it emerge as the centre of economic and industrial activity,'' he said, while talking to a delegation of the PHD Chambers of Commerce and Industry (PHDCCI) that called on him here. Mr Singh said possibilities were also being explored to create industrial authority on the pattern of NOIDA for the planned industrial development of the industrial areas of the state. The state had witnessed
Infotech plans to take over German auto engineering company
Technology product and engineering design services provider Infotech Enterprises is poised to take over a German auto engineering company, reports the Business Standard. Infotech chairman and managing director BVR Mohan Reddy said, Due diligence of the target company is on, and we are expecting to close the transaction by this December. The company hopes to intensify its presence in the automobile sector through ownership of the German company, which earned revenues of $40 million last year. Hyderabad-based Infotech recently acquired California-based semiconductor design company Time To Market for an undisclosed sum, and aims to make more acquisitions. Reddy said, Indian companies cant