Showing posts with label Mukesh Ambani-led Reliance Group. Show all posts
Showing posts with label Mukesh Ambani-led Reliance Group. Show all posts

Wednesday, May 28, 2008

Mukesh Ambani Builds An Airport In Raigad District

MUMBAI:After starting construction of a helipad at his Seawind residence at Cuffe Parade, Reliance Industries Limited chief Mukesh Ambani now wants to build an airport in Raigad district.

Ambani, who has a fleet of private jets including an Airbus 319, is developing the MahaMumbai Special Economic Zone (SEZ) in the district and has identified a site in Uran for the airport.

Although details of the project are not known, an official of the Navi Mumbai SEZ Private Limited, a Reliance Group company, confirmed the development and said the company was examining the feasibility of an airport. "'We are looking at it (an airport) as one of the possibilities. It is in a preliminary stage," the official said, refusing to elaborate.

Indications are that the proposed Ambani airport could be for private use.

The Centre has already given its go-ahead for the Navi Mumbai airport to be developed by the City and Industrial Development Corporation, but the project is still to get an environmental clearance.

Civil Aviation Minister Praful Patel told Mumbai Mirror over the phone that the government would permit a private airport (for non-scheduled and charter operations) near Mumbai but added that he had not received any proposal for a private airport.

Sources said the Ambanis owns several planes and helicopters. These planes are parked at the Mumbai airport, which is congested and has little additional parking space.

Recently, a team of officers of the Airports Authority of India and the Directorate General of Civil Aviation inspected the site at Uran to examine operational aspects of the airport. The AAI's no-objection clearance is required from the point of view of air traffic management, and the purpose of the inspection was to examine the feasibility of an airport and aspects such as the required runway length and alignment, air traffic procedures, obstructions in approach path etc. According to government sources, the site in Uran is a marshland and is being reclaimed. However, there are some problems with the site, they said, adding a railway line passes closeby.

"Airbus A-320 requires a minimum of 6500-7000 feet of runway. Although land is available for construction of runway of that length, there are hills surrounding the site. There is an obstruction in the approach path. All the runways have safe landing points, which are marked.

However, in Uran, because of the hills, the safe touchdown point will have to be provided much further from the tip of the runway. Thus even a runway with 7000 feet won't be sufficient for landing of an A-320," an official said.

Sources said because of these factors, there could be restrictions on the take-off load. However, the AAI is still to give its final report on the feasibility of the Uran site.

Saturday, April 19, 2008

Tatas Named World's 6th Most Innovative

New York: India's two leading conglomerates, Tatas and Mukesh Ambani-led Reliance Group, have made it to the league of the world's 25 most innovative companies, riding on the cheapest commercial car Nano and an aggressive growth path, respectively.

In the list of world's 25 most innovative companies released here Friday, Tata group is ranked at the sixth position, while Reliance Industries is at 19th spot.

The list, published in the April 28 edition of BusinessWeek magazine that hit the newsstands, has been compiled by the US financial publication in collaboration with Boston Consulting Group.

Both Tata and RIL have made it for the first time to the annual list which is topped by Apple Computer, the maker of iPod music players and Mac personal computers.

Apple is followed by Internet search giant Google, Japanese auto major Toyota, industrial conglomerate General Electric (GE) and software behemoth Microsoft in the top five.

About Tata group, BusinessWeek said that "Mumbai-based conglomerate jumps onto our list for the first time, fuelled by its paradigm-busting 2,500 dollar 'Nano' car for the masses".

"The car, from its Tata Motors unit, is the world's cheapest, thanks partly to a distribution model that sells the auto in kits to entrepreneurs who assemble them for buyers."

About RIL, it noted that "the Indian petrochemicals giant made it onto our list this year thanks to fans of its aggressive growth.

"But its ambitious plans to reach into grocery retailing, which is dominated in India by small shopkeepers who have rebelled against corporate entrants, have faltered," it added.