Explore Business Standard
Aaiji Group will invest Rs 100 crore to develop affordable residential and commercial spaces along the Lothal Dholera corridor in Gujarat over the next two years, a top company official said. The initiative comes as the region experiences strong economic growth, supported by major tourism, heritage and industrial projects, Aaiji Group Managing Director Lalit Parihar said. In the next two years, the Lothal - Dholera belt is projected to witness huge demand for residential apartments and commercial spaces, Parihar said. Dholera is home to over 100 companies and landmark projects, including Tata Electronics' USD 10.9 billion semiconductor plant, creating significant employment opportunities, he added. Our Rs 100 crore investment reflects our confidence in the corridor's potential and our commitment to deliver modern, high-quality developments for residents, businesses and investors, he said.
Gujarat Chief Minister Bhupendra Patel on Tuesday attended through video-conferencing the second meeting of the apex monitoring authority of the National Industrial Corridor Development Programme held in Delhi, an official said. Apart from Patel, chief ministers and industries ministers of five other states virtually attended the meeting, held in the presence of Union Finance and Corporate Affairs Minister Nirmala Sitharaman and Minister of Commerce and Industry Piyush Goyal, he said. The National Industrial Corridor Development Programme is the Central government's ambitious infrastructure initiative to develop futuristic industrial cities in India. As per a government release, Patel informed the union ministers about the progress made so far in the development of Dholera Special Investment Region (SIR), including the construction of an airport, an expressway connecting Ahmedabad with Dholera and a railway line to connect the region with the Western Dedicated Freight Corridor. The