The order is to be executed over a period of 18 months from the date of letter of intent (08/03/2011).

The company said it had also received an order for 2,368.25 kms from Gayatri Projects Ltd. for supply of conductors to the MPPKVVCL project.

The institute, which has already identified a couple of locations in association with state government agencies, proposes to set up a cluster of laboratories and other infrastructure in an area of 200 acres. The proposed facility, which will be one-of-its-kind in the country, would be a major expansion of its current activities in the area of ocean technology applications, including deep sea technology and ocean mining.

The institute is now working on low temperature thermal desalination, deepsea technologies, remotely operable vehicles and deepsea submersibles, ocean observation systems and ocean acoustics, among others. The facility will be designed to undertake all the major programmes, including submersibles and gas hydrates, marine sensors and electronics, energy, coastal engineering research and marine biotechnology, which require actual working in sea conditions.

State government’s nodal agency APInvest CEO Pratap Madireddy said the institute was planning to spend about Rs 250 crore to build initial infrastructure. Apart from seeking land near the Indian Space Research Organisation’s satellite launch facility (SHAR), the institute has also sought another 50 acres for housing administration and residential facilities for scientists and other staff working.

Established in 1993, the institute has rapidly grown its activities on its 50-acre campus in Chennai and now wants to scale up various research initiatives that were taken up in smaller laboratory conditions. For example, though the institute has gained substantial experience in desalination, more optimisation is required in components that go into thermal cycle and vacuum systems for large-scale production and commercialisation of these applications. This is possible only if the institute sets up a seafront facility housing a desalination research laboratory.

It also proposes to set up a jetty and dedicated berthing facilities for various coastal research vessels manned by the institute at the new facility. At present, these are berthed at fishing harbours and main ports.

It will also undertake activities in development of prototype systems, validation of indigenously developed marine systems in the ocean, according to a proposal submitted to the state government by the institute.

Last year Apollo set up 200 stock keeping units to introduce 50 non-pharma FMCG products, including toothbrushes, toothpastes, lotions, creams, under the Apollo brand for retail.
“This helped us improve margins,” said Suneeta Reddy, director (finance), Apollo Hospitals.

Land has been acquired in six cities, including Thane, Trichy, Vizag, Nashik and Nellore, and construction work is due to start. “Till 2013, our list of Tier II cities is ready,” said Suneeta Reddy.

The Centre has sanctioned Rs 16.93 crore for construction. The IITTM, an autonomous organisation of the ministry of tourism, Government of India is one of the premier institutes offering education, training, research and consultancy in tourism, travel and allied sectors since 1983.

The proposed institute in Nellore will offer a two year course with a unique blend of tourism and cargo specialisation as part of its postgraduate diploma in management. The idea behind the course is to tap growing opportunities in the areas of tourism operations, tourism marketing, air and shipping cargo management in the region.

The director of the IITTM, Ms Manjula Chowdhary, revealed this while interacting with media persons after taking part in a workshop on ‘Tourism Opportunities and Challenges’ at Geetanjali College, Muttukur road here on Thursday.

According to Ms Chowdhary, graduates in any stream are eligible to join the course and the last date for receiving applications is February 1. The entrance test will be conducted on February 27. Those qualified in CAT and MAT entrance tests can apply directly for enrolment and do not have to take the entrance test. The cost for the two years course is Rs 2 lakh and it can be paid in two instalments.

The IITTM has been providing Rs 2 crore towards development of infrastructure for colleges and polytechnics in government sector if they introduce a degree course in tourism management. Ms Chowdhary said that placement is assured for their students, pointing to opportunities across the globe in the tourism industry.

Earlier, the vice-chancellor of Vikrama Simhapuri University, Prof C.R. Visweswar Rao, dwelt at length on the historical importance of Nellore. The general manager of the HR wing of Krishnapatnam Port, Mr Satya Prakash, also spoke apart from professors of IITTM, Sandeep Kulashreshta and Nimit Chowdhary.

The nodal officer of the Nellore institute,

Read the complete article here

Go here to see the original:
Amidst speculations, land prices go up in Prakasam

• Nellore
• Bangalore
• Tirupathi
• Vijayawada
• Chittor
• Kurnool
• Eluru

Author: joseph

Is this the best time to buy property in India? This is the primary consideration of all those who are interested in investing in the real estate sector in India now. This apprehension regarding the suitability of the time is relevant since the market has passed through a certain slump recently. This recession is not specific to the Indian real estate industry; rather it has been a global phenomenon, a fall out of the world economic meltdown. However, the estimates, assessments and speculations of industry sources and investment pundits augur well for the sanguine temperament of the prospective investors.

It is estimated that by the end of 2009, the Indian real estate scene will witness tremendous growth due to multiple catalyzing factors. This recovery from a transient slump in the market is primarily due to the macro-economic and sector-specific factors. An international expert on property matters (Jones Lang LaSalle) has stated, “economic recovery during CY 2010-11 is likely to reinvigorate the interest of foreign investors in India’s real estate market. We expect enhanced capital inflow in the real estate sector in the medium-to-long-term”. The economies of the advanced world are expected to contract by 3.8 per cent, as per an IMF assessment. But, during the projected period, Asian economies such as India and China are expected to record a growth of above 5.4 per cent. Any notable growth in the economy is reflected in the real estate sector in a direct proportion. Hence it is believed that this anticipated growth in the Indian economy in the coming years will lend an unprecedented fillip to the real estate sector in India. Though the recession has had an adverse effect in the economy and the real estate sector as well, it has got a positive dimension also. The decline in property prices due to the recession has catalyzed a renewed interest in residential properties in the middle income group.

As the real estate sector has acquired a new vigor and momentum, this is the best time to buy property in India. Increased interest in the middle-income-level residential sector has alerted major construction companies in India and they are actively engaged in the development of several housing projects across India. The revised pay-scale of Central government employees and the better paying private sector have helped in evolving a wider and growing market in the middle-income-level residential sector in India. NRI investment along with customer-oriented planning of the infrastructure development companies and the competition of commercial banks for getting housing loan business have further enhanced this growth momentum.

About the Author:

Joseph is a prolific writer providing thoughtful content to increase your knowledge about real estate in India.He covers everything like property India,Gurgaon property,residential property,Gurgaon property prices,Rental Property,Property Dealers, Property Portal, Property
Developers etc.

Article Source: ArticlesBase.com – Is This the Best Time to Buy Real Estate in India?