Mumbai: The Chinese Government is ready to pump in up to USD 3 billion into the proposed metro project connecting Colaba in south Mumbai to Santacruz in the northern fringe of the megapolis, a top official said on Friday. The Chinese are also keen on participating in other infrastructure projects apart from those in the farm sector in the country, the official said. "We are keen to bring our technology for the new metro project in Mumbai. We are also ready invest in technology upgrade for the textiles sector, infrastructure and agriculture projects in the country," Chinese Consul General in Mumbai Liu Youfa told PTI on sidelines of an event in Mumbai.
He said they are "willing to invest USD 3 billion in the metro project through foreign investments along with latest technology." The feasibility study on the proposed Colaba-SEEPZ (Santacruz Electronic Export Processing Zone at Andheri) metro project is ready and the Maharashtra Government is looking for technology and funding for the venture. Liu claimed China is already providing magnetic and bullet trains technology to over 30 countries. Indian Merchants Chamber President Niranjan Hiranandani, who was also present at the event, said the industry body will do everything to help attract Chinese investment into the infra projects in Mumbai.
"We need to work on two-way investment which will reduce the trade deficit on Indian side and create more jobs," Liu said. The trade between the two Asian giants stood at USD 73.9 billion in 2011 and dropped
03:30 AM, Apr 06, 2013
Vasant Dhoble, one of Mumbai's most controversial policemen, is back in the headlines after a fruit-hawker died during a raid led by him in Santacruz. ...
10:24 PM, Jan 12, 2013
Condemning ACP Vasant Dhoble's raid which led to the death of a hawker in Mumbai's Santacruz area, Congress MP Priya Dutt said strict inquiry will be conducted by the state Crime Investigation Department. "What happened today is very sad. One officer is not abiding by the law, but is making his own law. I respect Mumbai police. But sometimes few people come who disgrace the whole police community," she said. ...
02:43 PM, Jan 12, 2013
Assistant Commissioner of Police Vasant Dhoble, who hit the headlines for his late night crackdown on pubs and restaurants in Mumbai, is back in the news again after a 50-year-old fruit hawker died of a heart attack on Friday evening during a raid conducted by Dhoble. A state Crime Investigation Department (CID) inquiry has been ordered and Dhoble has been transferred out of the area pending an inquiry. ...
11:40 AM, Jan 12, 2013
Security across the country was tight on New Year's Eve. In Mumbai, special crowd management arrangements were put in place at popular spots like the Gateway of India, Juhu beach and Girgaum Chowpatty. Even so, a man molested a 29-year-old woman at Santacruz, while she was out with her husband. ...
01:34 PM, Jan 01, 2013
Mumbai: Police on Wednesday raided a bar run by Shiv Sena chief Bal Thackeray's grandson Nihar in suburban Santacruz and arrested three staff members while detaining nine bar girls. Four other staff members, including bar owner Nihar were, however, declared absconding. Acting on a tip off, a raid was conducted on Sangeet Bar at 12:30 am following which the members - Ramesh Shetty, Harish Shetty and Arjun Shetty - were...
07:13 PM, Mar 10, 2011
Toronto: Sanath Jayasuriya and Mark Boucher are among a group of international cricketers yet to be paid for their participation in a friendly Twenty20 in Canada this past weekend. A one-off match between an International XI and Asia XI in Toronto's Rogers Centre, home of Major League Baseball's Toronto Blue Jays, was hit by poor organisation and the absence of several marquee players, and now comes the news that participants...
12:53 PM, May 23, 2008
An unclaimed bundle at Santacruz airport, suspected to be a bomb, turned out to be a hoax on Sunday. ...
07:42 PM, Sep 24, 2006
