Every industry aims at growth and expansion and the same applies to the shopping centre Industry. The 4th edition of The India Shopping Centre Forum (ISCF), the mega congregation of Shopping Centre Developers & Retailers, highlighted the key challenges faced by the sector and the way forward for retail industry especially shopping centres.
Sunil Mantri who heads Maharashtra Chamber of Housing Industry (MCHI), ends his one year tenure as President of the body. The shift is effective from end of May 2011. Mr. Mantri, Chairman of Sunil Mantri Realty had carried forward the presidency from Pravin Doshi, his predecessor in May 2010.
State-owned India Infrastructure Finance Company Ltd (IIFCL) is planning to raise approximately Rs. 14,000 crore from various sources during the current fiscal to fund its business growth. After receiving approval from the government, it will be the second tranche. IIFCL had raised Rs. 10,000 crore through tax-free bonds in 2009 to provide re‑financing to banks for funding infrastructure projects.
Philips India appoints Nirupam Sahay as the business head of Philips Lighting India. Prior to this, Nirupam Sahay was Senior Director - Marketing at Philips Lighting India. In his new role, Nirupam Sahay will be responsible for the complete Philips Lighting business in India.
World leaders in handrail and balustrade, the Denmark-based Carl F International announced their new major project along with their expansion plans in the subcontinent. The company has declared that it bagged the Chennai International Airport and also identified tremendous growth opportunities in the handrail industry in India and has decided to strengthen their operations here.
Sandvik Mining and Construction (SMC) appoints Simon Meester as the new president of Sandvik Mining and Construction in India. Simon’s appointment became effective first of February 2011 and he has already assumed his responsibilities in India. He will be based in SMC’s head office in Pune.
Delta India Electronics Pvt. Ltd., the global power management and thermal management solutions major, launches its new green corporate office in Gurgaon, Haryana. As part of Delta’s expansion plans in India, the new eco‑friendly corporate office supports Delta’s commitment to the environment. This facility also doubles as a manufacturing unit for Delta display solutions.
Essar Steel’s plate mill became the first primer plate producer in the country to be recognized for indigenous development of steel for building ships for the Indian Navy. Set up at a cost of approximately Rs. 2,000 crore, the plate mill has an annual production capacity of 1.5 million tonnes.
A recent order by the Madras high court to stop handling polluting coal and iron ore from the Chennai port came as a breather to the residents living close to the port. The sad part is this decision may lead to several unemployed people in the region.
Despite claiming that 20 km of national highways will be bid out and eventually constructed every day during 2010-11, the ministry of road transport and highways has been woefully short of target. The ministry awarded 5,083 km of national highways last year, but managed to construct only 1,780.34 km. In other words, a target of 14 km a day was awarded but only 4.9 km was built in a day.
