Tata Motors will distribute all Nano cars from Pantnagar through its new subsidiary, Tata Motors Distribution

It is now official. Pantnagar would become a permanent home for Nano — the Rs 1-lakh car from Tata Motors.

A company spokesman today confirmed that the auto major would continue to produce Nano cars from Pantnagar even after the commencement of production at the Sanand plant in Gujarat early next year.

“This is our official position, that Nano would continue to be manufactured from Pantnagar even after the Sanand plant starts operation,” the spokesman said.

The Uttarakhand government had, so far, maintained that the auto giant had given a commitment to set up a permanent satellite plant at its Pantnagar facility for producing the ultra-cheap car.

“We are happy that Tata Motors is going to manufacture Nano cars permanently from Pantnagar,” Chief Secretary Indu Kumar Pande told Business Standard.

Tata Motors is planning to produce a total of 50,000 cars per year at the Pantnagar industrial unit, from where the company would launch the first car, Pande added.

Tata Motors was given more than 1,000 acres at Pantnagar by the state government for setting up its manufacturing facility. In addition to this, the auto major has also agreed to distribute all its Nano cars from Pantnagar through its new subsidiary, Tata Motors Distribution Co Ltd.

Through the sale of Nano cars and other commercial vehicles, which are being manufactured at Pantnagar, the state government is hoping to earn an additional tax revenue of Rs 100-200 crore through VAT collections.

Last year, the company got 20 acres from the state government for the distribution company, as well as another 45 acres for expanding the industrial unit for the purpose of producing Nano cars.

News Source: Business Standard

The fee committee constituted by the Uttarakhand government today fixed the fees for technical colleges of the hill state.
Official sources today said that the fee committee fixed the fee for eight technical colleges of Dehradun and four colleges from rest of the state.

The yearly fee includes tuition fee and development fee, they said adding that the fee will be from Rs 59,000 to 67,000.

The committee has also asked other technical colleges in the state to submit relevant documents, so that their fee could also be fixed.

News Source: PTI

In a major decision pertaining to the ownership of irrigation department properties in Uttarakhand that have been under the control of Uttar Pradesh government, the Nainital High Court has directed that these properties be handed over to the Uttarakhand government.

The properties are said to be worth more than Rs 1000 crore.

Despite Uttarakhand becoming a state in 2000, these properties were still being controlled by the Uttar Pradesh government. State Chief Minister Dr. Ramesh Pokhariyal Nishank has welcomed the decision of the bench comprising Justice BK Gupta and Justice BK Bisht.

According to the Uttarakhand Chief Secretary Indu Kumar Pande the properties that are to be transferred to Uttarakhand include 65 bighas of agricultural land in Hardwar along with 28 big canals and some water bodies and buildings located in Udham Singh Nagar.

News Source: IndianExpress

According to a report in the Business Standard, investors have begun to show interest in setting up spas and resorts at important tourism sites in Uttarakhand. The state government will treat the hospitality ventures as part of the small and medium enterprises (SMEs) segment.

Kodiyala (near Rishikesh) on the Ganga River will see the set up of a resort at an investment of Rs 2.25 Crore; Pindar Glacier Resorts will put up the property. There are about 23 new proposals to come up with spas and hotel properties in the Chamoli district. The government has allowed for a five-star property to come up in Rishikesh under Bharat Hotels. The government has formed a development authority to manage proposals coming in for the Tehri dam reservoir site area. Kempty Falls near Mussoorie is also likely to see resorts; proposals have come in for the same. Baba Ramdev, yoga guru may collaborate with the government to encourage and set up yoga and Ayurvedic huts in Uttarakhand’s hills.

News Source: HospitalityBizIndia