Cabinet approves transfer of 4.64 hectares of land belonging to IISWC Research Centre at Vasad, Gujarat to National Highways Authority of India

Image
Capital Market
Last Updated : Jun 07 2017 | 2:47 PM IST
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal for transfer of 4.64 hectares (46384 Sq. meters) of land belonging to the Indian Institute of Soil & Water Conservation (IISWC) Research Centre at Vasad, District Anand, Gujarat under the Indian Council of Agricultural Research to the National Highways Authority of India (NHAI) on payment of compensation amounting to Rs. 12.67 crore for extension and six laning of Ahmedabad - Vadodara Highway on NH-8.

The NH-8 is an important highway connecting Vadodara and Ahmedabad. The transfer of land to the NHAl for construction of extension and six laning of Ahmedabad - Vadodara section of NH-8 is likely to benefit the region leading to enhanced opportunities for: growth and development in terms of infrastructure, transport, communication, employment generation etc. The decision is also part of the Government's plans to boost infrastructure in key sectors for accelerating the pace of growth.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 07 2017 | 2:32 PM IST

Next Story