Monday February 19, 2018
Home Business Reliance Capi...

Reliance Capital gets allotment of 5 lakh sq ft from Gujarat Government

0
//
65
Republish
Reprint

skyscrapers-152754_640

Ahmedabad: Anil Ambani-led Reliance Capital Limited (RCL) has acquired 5 lakh square feet of space in Gujarat International Finance Tec-City (GIFT), a project of the state government, in the International Finance Service Centre (IFSC) Special Economic Zone.

It was announced today by GIFT that it has allotted 5 lakh square feet of space to  RCL.

The company was allotted this space in the International Finance Service Centre (IFSC) Special Economic Zone, being set up under the GIFT project. This is the largest space taken by any private sector company in IFSC under GIFT till date.

The allotment was announced by Ramakant Jha, managing director and group chief executive officer, GIFT Company Limited, and the letter of allotment was handed over to Sam Ghosh, executive director, Reliance Capital, on Wednesday.

“This allotment is expected to bring in investment of around Rs.200 crore and generate employment for around 2,500 persons in the next three years,” Jha said.

“We are starting the process for requisite approvals from regulators, and expect to launch the proposed businesses here shortly,” Ghosh said.

Reliance Capital said that it plans to set up a host of emerging business — including Alternate Investment Funds, Commodity Exchange Business and other International Business — in the GIFT facility, subject to requisite approvals from the regulators.

The company said that it has developed a strong Alternate Investment business, and has already raised a corpus of Rs.2,000 crore in the last two years.

Reliance Capital will also use the GIFT facility to set up its International Commodity Exchange Business.

-With inputs from IANS

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

Rani Ki Vav: A Mesmerising Stepwell Built In The Memory Of A King By His Queen

Rani Ki Vav is also considered the queen of stepwells in India

0
//
31
Rani Ki Vav is one of the greatest stepwells ever made in India. Wikimedia Commons

By Ruchika Verma 

  • Rav Ki Rani in Gujarat is one of the biggest stepwells in India
  • It is famous for its size and beautiful architecture
  • The stepwell is one of the World Heritage Sites by UNESCO

Stepwells are an important part of India’s architecture and its

Rani Ki Vav in Gujarat is one of the biggest stepwells in India. Wikimedia Commons
Rani Ki Vav in Gujarat is one of the biggest stepwells in India. Wikimedia Commons

history. Throughout India, there are many stepwells present which may though look similar, but differ in their architectural and historical significance. One such stepwell is Rani Ki Vav in Gujarat.

Rani Ki Vav – A monument breaking the norms 

India has many monuments which have been built by the kings in the memory of their queens, Taj Mahal is one of the greatest examples of that. However, Rani Ki Vav is different. Breaking through the norms, this monument was built by a queen in the memory of her king.

Rani ki Vav, which means, Queen’s stepwell is near Patan in Gujarat. It was constructed sometime during the 11th century in the memory of Bhimdev, the son of Mularaja who was the founder of the Solanki dynasty. The richly sculpted stepwell which is considered a masterpiece was dedicated to the king by his widowed wife, Udayamati. It was flooded by the river Saraswati in the 1980s.

Also Read: Nalanda Mahavira makes it to UNESCO’s list of World Heritage Sites

Rani Ki Vav – Architecture 

Rani Ki Vav stepwell was recognised as World Heritage site by UNESCO in 2014.

This stepwell was built by a queen in the memory of her king. Wikimedia Commons
This stepwell was built by a queen in the memory of her king. Wikimedia Commons

Rani Ki Vav is built inside an opening in the ground, which makes it special. The east facing stepwell is constructed in seven storeys and is approximately 64m long, 20m wide & 27m deep.

The central architectural theme of the stepwell is “Dasavatars,” meaning ’10 incarnations’ of Lord Vishnu. There are over 800 sculptures in the seven galleries, out of which, majority are devoted to Lord Vishnu only.There is also a carving of Vishnu reclining on one thousand snakeheads. The lowest level of the well is blocked by stones and silt now, after the flooding by river Saraswati, however earlier it used to be an escape route to the neighbouring villages.

Rani Ki Vav is considered queen of stepwells in India. Wikimedia Commons
Rani Ki Vav is considered queen of stepwells in India. Wikimedia Commons

Rani Ki Vav is one of the finest step wells in India and the most famous in Gujarat. It has many pillars and walls which are sculpted in the beautiful Maru-Gurjara architectural style. It is nothing less than a mesmerizing sight.

Also Read: 5 Traditional Water Conservation Methods In India 

It is one of kind type of mesmerising structure which is definitely worth visiting. Rani Ki Vav is also considered the queen of stepwells in India. Rani ki Vav was also among the five international heritage sites selected by the Scottish Ten team for digital preservation and scanned in 2011. It is one truly remarkable monument.