After Noida, Greater Noida is set to get its own waste-to-wonder park

Noida: GNIDA will soon set up a waste to wonder park to boost public recreational spaces in the city. Officials said a tender for design and development of the Rs 19.3 crore project will be floated shortly, with the park to be built on a revenue-sharing model for a 20-year concession period.
"The park will come up in a designated recreational green zone. A pre-bid meeting with interested firms has been scheduled for June 30 at the GNIDA office," said a senior official. Inspired by eco-tourism and sustainability, waste to wonder parks are themed around the creative reuse of scrap materials to build sculptures of animals, monuments and other installations. The upcoming park will be modelled on Noida's waste to wonder jungle trail, which is nearing completion.
Developed over 20 acres near Mahamaya Flyover, it will undergo a trial run from June 25 and is expected to be officially inaugurated in early July. Built at a cost of Rs 22 crore under a PPP, the project is a collaboration between the Noida Authority and private firm Z-Tech, known for similar projects like UP Darshan Park and Happiness Park in Lucknow. tnn

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Time of India

42 minutes ago

• Time of India

Nuvoco Vistas completes Rs 1800 cr Vadraj cement acquistion

Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Nirma Group's Nuvoco Vistas Corp has made the Rs 1800 crore payment to lenders led by Punjab National Bank (PNB) and Union Bank of India completing its acquisition of the debt-ridden Vadraj Cement . The money was paid to lenders on Saturday, allowing them to write back their provisions this quarter, two people aware of the details said."The money came to lenders on Saturday and has been distributed. There were some delays due to some litigation but now that everything is settled, the company transferred the money well ahead of the June 24 deadline," said one of the persons cited with 25% of the more than Rs 8000 crore debt stands to gain Rs 431 crore, while Union Bank will get Rs 345 crore, calculations by ET acquisition will help Nuvoco Vistas boost its installed cement capacity by over 20% reaching around 31 MTPA and is the company's third acquisition after Lafarge Cement and Emami Cement. A Mumbai bench of the NCLT had approved the acquisition in Vadraj Cement, formerly owned by ABG Shipyard, has a 6 million tonne grinding unit in Surat and will add to Nuvoco Vistas' existing production capacity of 25 million tonne by more than 20%.The acquisition was undertaken through Vanya Corp , a wholly-owned subsidiary of Nuvoco Vistas. Subsequently, Vanya will be merged with Vadraj Cement, according to the resolution plan. Vadraj Cement will ultimately become the wholly-owned subsidiary of the Rs 1,800 crore offer outbid Adani Group at an auction under the court-monitored corporate insolvency, ET had reported in January this year. Adani group-backed Ambuja Cement had partnered with Prudent ARC-backed RKG Fund to acquire the Gujarat-based cement the Rs 1,800 crore offered by Nuvoco Vistas, Rs 1,725 crore will be used for repaying financial creditors' dues, and the balance is set aside for operational credit, dues to employees, an insolvency resolution process costs.

Time of India

an hour ago

• Time of India

India's coffee export growth: Shipments up 125% to $1.8 billion in 11 years; Europe remains top buyer

I ndia's coffee exports have surged by 125 per cent over the past 11 years, touching $1.8 billion in 2023–24, up from $800 million in 2014–15, according to central government data. The rise in exports has been attributed to a series of policy measures implemented by the Coffee Board of India, including digitalisation of permits, export incentives, and support for value addition in processing. As per the data, exports stood at $1.28 billion in 2023–24, compared to $1.14 billion in 2022–23. Europe continues to be the top destination for Indian coffee, with key markets including Italy, Germany, Belgium, Middle East nations, South Korea and Japan, PTI reported. To bolster exports, the Coffee Board has taken steps such as digital issuance of RCMC, export permits and certificates of origin, regular engagement with exporters to address bottlenecks, and providing global market intelligence. Additionally, the government has introduced transit and freight assistance, offering Rs 3 per kg for value-added exports and Rs 2 per kg for high-value green coffee shipments to far-off markets such as the US, Canada, Japan, and Nordic countries. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Brass Idols - Handmade Brass Statues for Home & Gifting Luxeartisanship Buy Now Undo To further aid domestic processors and entrepreneurs, the Board offers 40% subsidy on machinery costs, capped at Rs 15 lakh, for roasting, grinding and packaging units. 'These measures are helping us reach newer markets,' said Divya Shree G S, founder of Vidi's Coffee. Coffee Board CEO and Secretary M Kurma Rao noted that India's coffee is largely shade-grown under native canopy trees, promoting biodiversity, soil and water conservation, and offering sustainable income to small and marginal growers. Veteran Coorg-based grower Bose Mandana added that shade-grown practices also align with EU deforestation regulations, strengthening India's export readiness. Highlighting global opportunities, South India Coffee Company (SICC) founders Akshay Dashrath and Komal Sable said their firm is helping Indian producers and roasters expand abroad. 'There is huge potential for specialty coffee exports from India,' Komal said. India, the seventh-largest coffee producer globally with a 3.5% share, ranks fifth in exports with a 5% global share. The country produces about 3.6 lakh tonnes of coffee annually, with Karnataka, Kerala and Tamil Nadu being top growers. The sector directly and indirectly supports around 2 million people. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

Business Standard

an hour ago

• Business Standard

Sebi fines IAGF, trustee and managers ₹29 lakh for AIF rule breaches

Capital markets regulator Sebi has imposed penalties totalling Rs 29 lakh on six entities, including India Asset Growth Fund, its manager Essel Finance Advisors and Managers, and trustee Vistra ITCL (India) for multiple violations of AIF rules. The regulator levied a fine of Rs 11 lakh on IAGF, Rs 10 lakh on Arpan Sarkar and Jaykishan Kikani (jointly and severally), Rs 6 lakh on Vistra ITCL (India), and Rs 2 lakh on Essel Finance Advisors and Managers (EFAM), its Chief Executive Officer Vishnu Prakash Rathore (jointly and severally). The regulator, in a 39-page order, found the entities guilty of serious lapses in regulatory compliance during the inspection period from April 2021 to March 2022, Sebi said in the order on Friday. The markets watchdog observed that India Asset Growth Fund (IAGF) failed to disclose disciplinary actions and litigation history of its sponsor, manager, trustee, and key officials in its placement memorandum (PPM), as mandated under the norms. Later, the fund submitted a revised PPM containing such disclosures during a change of control application, which was neither approved nor circulated to investors, resulting in a breach of the disclosure framework of the code of conduct of the alternative investment fund (AIF) regulations. Sebi also pulled up the fund for providing valuations based on underlying assets instead of the securities it held, as well as for delayed registration with the Financial Intelligence Unit (FIU-IND), non-disclosure of the investor charter and distribution waterfall, and a 10-day delay in filing its PPM audit report. The regulator found that the fund took over a month to respond to an investor grievance, breaching the 30-day deadline. It noted that although the fund eventually completed the winding-up process and distributed proceeds to all investors by January 2024, the regulatory breaches were material. The regulator concluded that the violations had the potential to mislead investors, and disrupt regulatory oversight of AIFs. Sebi highlighted that EFAM being manager of IAGF is responsible for such non-compliances. It noted that Rathore, Sarkar and Kikani were the key managerial personnel who failed to abide by the code of conduct as per the rules. Therefore, the allegations against them stand established.