Qatar prince ready to invest Rs 1 lakh crore in 10 smart cities

[Echo_419]

The government may be inviting the Americans, Chinese and Japanese to invest in India, but there is one person who is ready to alone put in as much as Rs 1 lakh crore over the next five years.

Enthused with the new government’s spirited approach towards new investment, Prince of Qatar Sheikh Hamad Bin Nasser A A Al-Thani, member of the ruling family, is looking at investing the sum in at least 10 smart cities.

The 51-year-old Qatari prince has already tied up with a 31-year-old Delhi-based businessman, Mitesh Sharma, for taking the investment forward through projects in real estate, sea ports and airports, besides smart cities. According to a person working for Sheikh Hamad, the two have recently registered a company, NRS Enterprise Pvt Ltd, through which the investment in India will be routed.

“Prime Minister Narendra Modi’s ambitious ‘smart cities’ project has caught the attention of the prince. The investment will be made over the next five years,” said the person.

The investment announcement came after the two partners met Uttar Pradesh Chief Minister Akhilesh Yadav on November 20 and his Andhra Pradesh counterpart N Chandrababu Naidu on November 22.

The focus of this huge investment in its first phase is on 10 smart-city projects, besides power, solar energy, infrastructure development, healthcare and education. They are aiming for the first project to take off by February-March 2015.

The Union government has decided to support the development of 100 smart cities in the country. According to the High Power Expert Committee (HPEC) on Investment Estimates in urban infrastructure has assessed a Per Capita Investment Cost of ~43,386 for a 20-year period. Their estimates cover water supply, sewerage, sanitation and transportation.

Sheikh Hamad, through his Qatari outfit Nargis Arts, recently formed a joint venture — Kings Kraft Frames 24 Pvt Ltd — with Sharma for producing five Bollywood films. Sharma, with interests in granite mining and real estate, is also a partner with Sheikh Hamad in Qatari construction business.

The two partners have already signed a memorandum of understanding with the Andhra Pradesh government for a smart city project. Investments worth Rs 12,000 crore and Rs 60,000 crore would be made in Uttar Pradesh and Andhra Pradesh, respectively. Besides, Rs 38,000 crore would be diversified in sectors like power and natural gas, said a statement on behalf of the two partners.

If the prince manages this
I will never bad mouth Quatar again

Link Business Standard

 

[The Huskar]

The government may be inviting the Americans, Chinese and Japanese to invest in India, but there is one person who is ready to alone put in as much as Rs 1 lakh crore over the next five years.

Enthused with the new government’s spirited approach towards new investment, Prince of Qatar Sheikh Hamad Bin Nasser A A Al-Thani, member of the ruling family, is looking at investing the sum in at least 10 smart cities.

The 51-year-old Qatari prince has already tied up with a 31-year-old Delhi-based businessman, Mitesh Sharma, for taking the investment forward through projects in real estate, sea ports and airports, besides smart cities. According to a person working for Sheikh Hamad, the two have recently registered a company, NRS Enterprise Pvt Ltd, through which the investment in India will be routed.

“Prime Minister Narendra Modi’s ambitious ‘smart cities’ project has caught the attention of the prince. The investment will be made over the next five years,” said the person.

The investment announcement came after the two partners met Uttar Pradesh Chief Minister Akhilesh Yadav on November 20 and his Andhra Pradesh counterpart N Chandrababu Naidu on November 22.

The focus of this huge investment in its first phase is on 10 smart-city projects, besides power, solar energy, infrastructure development, healthcare and education. They are aiming for the first project to take off by February-March 2015.

The Union government has decided to support the development of 100 smart cities in the country. According to the High Power Expert Committee (HPEC) on Investment Estimates in urban infrastructure has assessed a Per Capita Investment Cost of ~43,386 for a 20-year period. Their estimates cover water supply, sewerage, sanitation and transportation.

Sheikh Hamad, through his Qatari outfit Nargis Arts, recently formed a joint venture — Kings Kraft Frames 24 Pvt Ltd — with Sharma for producing five Bollywood films. Sharma, with interests in granite mining and real estate, is also a partner with Sheikh Hamad in Qatari construction business.

The two partners have already signed a memorandum of understanding with the Andhra Pradesh government for a smart city project. Investments worth Rs 12,000 crore and Rs 60,000 crore would be made in Uttar Pradesh and Andhra Pradesh, respectively. Besides, Rs 38,000 crore would be diversified in sectors like power and natural gas, said a statement on behalf of the two partners.

If the prince manages this
I will never bad mouth Quatar again

Link Business Standard

Our border brothers may feel a little heartburn that Qatar is ready to invest more on us then them but considering how they were commenting on Russia-Pakistan ties and its implication in strategic condition of India,I believe a little trolling on my part is justified.

 

[Echo_419]

Our border brothers may feel a little heartburn that Qatar is ready to invest more on us then them but considering how they were commenting on Russia-Pakistan ties and its implication in strategic condition of India,I believe a little trolling on my part is justified.

Considering how much the Pakistanis are trolling on Russian Issue I think little bit of trolling is justified

 

[The Huskar]

Considering how much the Pakistanis are trolling on Russian Issue I think little bit of trolling is justified

You won't believe some of the comments on that thread. Someone was talking about TOT production of Mig 35 when Russia offered them RD-93. Laughed my @$$ off on that.

 

[rubyjackass]

The news should be viewed with caution. Why would Qatari Prince tie up with a 31 year old noone? Kings Kraft Ltd was incorporated only in Sept 2014. Also no search results for Nargis Arts.
This too looks shady.

Industry - Business Services - KINGS KRAFT FRAMES TWENTYFOUR FILMS PRIVATE LIMITED

 

[Echo_419]

You won't believe some of the comments on that thread. Someone was talking about TOT production of Mig 35 when Russia offered them RD-93. Laughed my @$$ off on that.

Noticed that too

 

[Kompromat]

So 'Wahabis' are all sweet now once they start showing a bit of 'Lakhsmi'?

 

[ResurgentIran]

So 'Wahabis' are all sweet now once they start showing a bit of 'Lakhsmi'?

Moneeey talks, bullshit walks!

 

[illusion8]

So 'Wahabis' are all sweet now once they start showing a bit of 'Lakhsmi'?

We are ''banya's" after all. Though the relations with Qatar is a bit confusing. On one hand we have a security and defense pact with Qatar and then there was the issue of deaths of Indian laborers in Qatar. Plus the "wahaabi" angle - though all wahaabi mullahs travelling to India to spread their "goodness" were mostly from SA.

 

[Echo_419]

So 'Wahabis' are all sweet now once they start showing a bit of 'Lakhsmi'?

Wahabis are great people don't you dare talk rubbish about those great people & about Qatar(Peace be upon that country)

Qatar is the best country in the world
Qatar ZINDABAD baki Sab MURDABAD
ODF bhi MURDABAD for not having a Qatari flag

 

[wolfpack]

While investment is welcome we should be careful there should be no strings attached and wary of wahabi ideology spread.

 

[root]

Good for India.Pakistan politicians dont need investment they need aid.So India should not be surprised why they are not investing in Pakistan.

 

[zip]

Its welcome if its not charity

 

[Judge]

So 'Wahabis' are all sweet now once they start showing a bit of 'Lakhsmi'?

They are free to invest in any infrastructure project in India.
We are stopping their funding to 'educational trusts' and madrassas .

Pakistan however need not think about these things though, after all its the same ummah. What they teach is good for Pakistanis.

Good for India.Pakistan politicians dont need investment they need aid.So India should not be surprised why they are not investing in Pakistan.

No one is surprised. The Arabs have always invested far more in India than Pakistan.
They give more aid to 'charitable trusts' and 'educational institutions' in Pakistan than business investments, its generally more business investments here.

 

[greatone]

So 'Wahabis' are all sweet now once they start showing a bit of 'Lakhsmi'?

Qatar and Oman have long been India's besties in the Middle East.You should not be so ignorant about these things, you being admin and all

Here

India, Qatar Ink Key Defence Pact.” Financial Express, 11 November 2008.
India, Qatar ink key defence pact - Financial Express
India’s closest partners in the maritime Middle East are Oman and Qatar. Immediately on the heels of the Look West policy, in December 2005, India and Oman signed a defence MOU primarily aimed at improving maritime security cooperation. This MOU was followed by upgraded joint naval exercises such as Tamar-al-Tahir (Benign Fruit), which was renamed Naseem-al-Bahar (Sea Breeze). Oman has also offered the Indian Navy access to berthing facilities for its ships conducting antipiracy operations in the Gulf of Aden. India similarly concluded a defence cooperation pact with Qatar in November 2008 that included maritime security, counter-piracy and intelligence sharing on terrorism. It also established a structure for joint maritime security and training as well as an exchange of visits. In response, an Indian official was quoted as saying that the accord “is just short of stationing troops”.

 

[Hareeshu IA MBT]

Modi Ji : 100 smart cities. COME MAKE IN INDIA

Qatar prince : how much

Modi: more than billion ...

Prince : Yella give me 10. 1 lac cr

Modi Ji :

These Arab rich is very different from other rich people ... wow

The government may be inviting the Americans, Chinese and Japanese to invest in India, but there is one person who is ready to alone put in as much as Rs 1 lakh crore over the next five years.

Enthused with the new government’s spirited approach towards new investment, Prince of Qatar Sheikh Hamad Bin Nasser A A Al-Thani, member of the ruling family, is looking at investing the sum in at least 10 smart cities.

The 51-year-old Qatari prince has already tied up with a 31-year-old Delhi-based businessman, Mitesh Sharma, for taking the investment forward through projects in real estate, sea ports and airports, besides smart cities. According to a person working for Sheikh Hamad, the two have recently registered a company, NRS Enterprise Pvt Ltd, through which the investment in India will be routed.

“Prime Minister Narendra Modi’s ambitious ‘smart cities’ project has caught the attention of the prince. The investment will be made over the next five years,” said the person.

The investment announcement came after the two partners met Uttar Pradesh Chief Minister Akhilesh Yadav on November 20 and his Andhra Pradesh counterpart N Chandrababu Naidu on November 22.

The focus of this huge investment in its first phase is on 10 smart-city projects, besides power, solar energy, infrastructure development, healthcare and education. They are aiming for the first project to take off by February-March 2015.

The Union government has decided to support the development of 100 smart cities in the country. According to the High Power Expert Committee (HPEC) on Investment Estimates in urban infrastructure has assessed a Per Capita Investment Cost of ~43,386 for a 20-year period. Their estimates cover water supply, sewerage, sanitation and transportation.

Sheikh Hamad, through his Qatari outfit Nargis Arts, recently formed a joint venture — Kings Kraft Frames 24 Pvt Ltd — with Sharma for producing five Bollywood films. Sharma, with interests in granite mining and real estate, is also a partner with Sheikh Hamad in Qatari construction business.

The two partners have already signed a memorandum of understanding with the Andhra Pradesh government for a smart city project. Investments worth Rs 12,000 crore and Rs 60,000 crore would be made in Uttar Pradesh and Andhra Pradesh, respectively. Besides, Rs 38,000 crore would be diversified in sectors like power and natural gas, said a statement on behalf of the two partners.

If the prince manages this
I will never bad mouth Quatar again

Link Business Standard