In its unfailing quest to bring the country's economy back on the growth trajectory, the central government in a recent move announced over 608 new projects entailing a staggering investment worth Rs.56,312cr. Major infra projects included 440 ventures worth Rs.32,820cr covering 58% of the total investment announced recently. In this connection, a Rs.7,000-crore eight-lane elevated corridor spanning 18 km will bridge the missing link between Khopoli and Khandala along with construction of India's second longest tunnel of 7.765 km in Maharashtra. National Highways Authority of India announced five mega projects on EPC model covering various sections of NH-8E in Gujarat under NHDP Phase-IV. In the cement sector, Shree Cement plans to set up a 3-million tpa cement unit at Joga village in Jaisalmer, Rajasthan costing Rs.900cr and that Mangalam Cement is investing Rs.870cr on capacity expansion in Kota district of the same state. The construction sector also got projects including Rs.4,000-crore residential township called Paarth Republic on Lucknow-Kanpur highway in Uttar Pradesh developed by the Paarth Infrabuild. In addition, O.P. Jindal Group announced two mega projects one by Dolvi Coke Projects for Rs.4,000-crore expansion of coke oven capacity from 1 million tpa to 3 million tpa, at Salav village in Raigarh district of Maharashtra; and the other by JSW Steel for a Rs.800-crore steel capacity expansion in Salem district of Tamil Nadu.
That apart, the renowned real estate builder, THDC Ltd announced to develop a Rs.800-crore residential complex at B.T. Road in Kolkata, West Bengal. Raheja Universal is developing an IT park at Juinagar in Thane district of Maharashtra entailing an investment of Rs.1,500cr. Likewise, Adarsh Developers plans to construct a Rs.600-crore hotel, Shangri-La, with a capacity of 370 rooms on Outer Ring Road, Bengaluru, P-One Infrastructure is developing a Rs.500-crore commercial complex, Eon Business Park in Pune district of Maharashtra and that PC Jeweller plans to build and open 200 retail outlets worth Rs.1,500cr across the country. In the power sector, twenty-three new projects to attract fresh projects worth Rs.7,589cr and that the nuclear Fuel Complex's plan to set up a Rs.4,000-crore nuclear fuel unit at Orvakal in Kurnool district of Andhra Pradesh. Mytrah Energy is setting up a 220-MW wind-based power unit in Kurnool district of Andhra Pradesh with an estimated investment of Rs.1,100cr. CLP India plans to set up a 100-MW wind-based power unit at Chandigarh in Madhya Pradesh and that the Gamesa Wind Turbines bagged the order for installing 50 new G97-2.0 MW turbines with an extended hub height of 104 metres for the project. Apart from these, a large number of projects covering automobile major Fabulous and Beyond Motors India announced Rs.1,000-crore motorcycles unit in Telangana, while food processing sector, Mars International India Ltd is setting up a chocolate unit at an estimated cost of Rs.622cr in Pune, Bharat Dynamics to set up a Rs.1,000-crore short range defence missiles unit at Nandgaon Peth in Amravati district of Maharashtra, Bharat Electronics and Micromax Informatics announced Rs.500-crore each to build defence and mobile phones units in AP and Rajasthan. Visakhapatnam Port Trust is setting up a Rs.600cr logistics park at Anakapally in Visakhapatnam in Andhra Pradesh and that among the states, Maharashtra topped the investment chart with worth 97 projects entailing a whopping investment worth Rs.16,244cr attracting 29% of the total investment in the state.